ACTIVE

Honeywell

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Financial year 2025 · Closed on 31/12/2025

Net result6,7 M €-5,2 %over 1 year

Revenue114,9 M €-3,7 %over 1 year

Equity26,6 M €+33,3 %over 1 year

Workforce329,1 ETP+3,7 %over 1 year

Identity

Source · BCE/KBO

Honeywell is a Public limited company incorporated in 1946. Its main activity is: Wholesale of information and communication equipment. Its registered office is in Machelen (Brab.). It employs on average 329,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0402.220.891
Incorporation: 29/11/1946
Legal form: Public limited company
Registered office: Hermeslaan 1H
1831 Machelen (Brab.) · FlandreSee on map
Contributed capital: 3 148 130,36 €
Latest accounts: 31/12/2025
Average workforce: 329,1 ETP

Activities (NACE)

46500Wholesale of information and communication equipment· main 46520Wholesale of electronic and telecommunications equipment and parts 26700Manufacture of optical instruments and photographic equipment 26700Manufacture of optical instruments and photographic equipment 28230Manufacture of office machinery and equipment (except computers and peripheral equipment)28230Manufacture of office machinery and equipment (except computers and peripheral equipment)+2

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 39 filings

Trend over 8 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	114,9 M €	-3.7%	119,4 M €	+13.0%	105,6 M €	+12.1%	94,2 M €	+13.7%	82,9 M €
EBITDA	10,4 M €	+40.7%	7,4 M €	-46.1%	13,7 M €	+35.5%	10,1 M €	-37.2%	16,1 M €
Operating result	10,3 M €	+9.2%	9,5 M €	-16.6%	11,4 M €	+18.8%	9,6 M €	-40.5%	16,1 M €
Net result	6,7 M €	-5.2%	7 M €	-7.2%	7,6 M €	+182%	-9,2 M €	+64.7%	-26,1 M €
Balance sheet
Equity	26,6 M €	+33.3%	20 M €	+54.2%	12,9 M €	+140%	5,4 M €	-62.8%	14,5 M €
Total assets	84,5 M €	+39.6%	60,5 M €	-2.7%	62,2 M €	+19.9%	51,9 M €	-31.8%	76 M €
Cash	3,5 M €	+33.7%	2,6 M €	-5.5%	2,8 M €	-73.4%	10,4 M €	+18.0%	8,8 M €
Debts	48,6 M €	+93.8%	25,1 M €	+16.1%	21,6 M €	-34.4%	32,9 M €	-36.6%	51,9 M €
Other
Workforce	329,1 ETP	+3.7%	317,4 ETP	+1.1%	314,0 ETP	-8.7%	343,8 ETP	+30.5%	263,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 10 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Van de Velde Geert	Director	24/05/2024 → 29/06/2029
Wellemans Erik	Director	01/01/2023 → 31/12/2028
Van Moldergem Jürgen Liliane Carlo	Director	23/03/2022 → 22/02/2028
Verhamme Ignace	Director	07/01/2017 → 30/06/2029	000

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Van Moldergem Jürgen Liliane Carlo	Director	23/02/2022 → 22/02/2028
Verhamme Ignace	Director	29/06/2018 → 28/05/2024	000
Ignace Verhamme	Director	01/07/2017 → 30/06/2018	000
Verhamme Ignace	Director	07/01/2017 → 28/05/2024	000

Other companies at this address

Hermeslaan 1H 1831 Machelen (Brab.)

Company	CBE no.
Compass Group Belgium● Active	0408.364.753
ELSTER WATER METERING● Active	0538.729.387
EnergyICT● Active	0443.515.573
Honeywell● Active	0421.776.982
Honeywell Aerospace Belgium● Active	1027.197.237
HONEYWELL ANALYTICS● Active	0446.601.559
Honeywell Europe● Active	0412.674.127
PITTWAY● Active	0695.418.635
U O P● Active	0436.044.296
UOP PRODUCTS BELGIUM● Active	0893.676.737

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/09/2026	25/08/2025	22/08/2024	24/08/2023	17/08/2022	22/07/2021
General meeting	30/06/2026	30/06/2025	19/08/2024	30/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 39 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	11/09/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	25/08/2025	Dutch	PDF
Full model	31/12/2023	19/08/2024	22/08/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	24/08/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	17/08/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	22/07/2021	Dutch	PDF
Full modelCorrection	31/12/2019	31/07/2020	17/12/2020	Dutch	PDF
Full model	31/12/2019	31/07/2020	27/08/2020	Dutch	PDF
Full model	31/12/2018	14/08/2019	21/11/2019	Dutch	PDF
Full model	31/12/2018	14/08/2019	27/09/2019	French	PDF
Full model	31/12/2017	29/06/2018	26/07/2018	Dutch	PDF
Full model	31/12/2017	29/06/2018	26/07/2018	French	PDF
Full model	31/12/2016	30/06/2017	10/08/2017	Dutch	PDF
Full model	31/12/2016	30/06/2017	10/08/2017	French	PDF
Full model	31/12/2015	27/06/2016	04/08/2016	Dutch	PDF
Full model	31/12/2015	27/06/2016	04/08/2016	French	PDF
Full model	31/12/2014	25/06/2015	02/07/2015	French	PDF
Full model	31/12/2014	25/06/2015	02/07/2015	Dutch	PDF
Full model	31/12/2013	26/06/2014	30/06/2014	Dutch	PDF
Full model	31/12/2013	26/06/2014	30/06/2014	French	PDF
Full model	31/12/2012	25/06/2013	04/07/2013	French	PDF
Full model	31/12/2012	25/06/2013	04/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	18/07/2012	Dutch	PDF
Full model	31/12/2011	29/06/2012	18/07/2012	French	PDF
Full model	31/12/2010	27/06/2011	08/07/2011	French	PDF
Full model	31/12/2010	27/06/2011	08/07/2011	Dutch	PDF
Consolidated accounts	31/12/2010	01/01/9999	09/08/2011	Dutch	PDF
Full model	31/12/2009	25/06/2010	30/06/2010	French	PDF
Full model	31/12/2009	25/06/2010	30/06/2010	Dutch	PDF
Consolidated accounts	31/12/2009	01/01/9999	16/07/2010	Dutch	PDF
Full model	31/12/2008	25/06/2009	08/07/2009	Dutch	PDF
Full model	31/12/2008	25/06/2009	08/07/2009	French	PDF
Consolidated accounts	31/12/2008	01/01/9999	12/08/2009	Dutch	PDF
Full model	31/12/2007	20/06/2008	01/07/2008	French	PDF
Full model	31/12/2007	20/06/2008	01/07/2008	Dutch	PDF
Consolidated accounts	31/12/2007	01/01/9999	11/07/2008	Dutch	PDF
Full model	31/12/2006	22/06/2007	27/07/2007	Dutch	PDF
Full model	31/12/2006	22/06/2007	27/07/2007	French	PDF
Consolidated accounts	31/12/2006	01/01/9999	24/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 10 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Van de Velde Geert	Director	24/05/2024 → 29/06/2029
Wellemans Erik	Director	01/01/2023 → 31/12/2028
Van Moldergem Jürgen Liliane Carlo	Director	23/03/2022 → 22/02/2028
Verhamme Ignace	Director	07/01/2017 → 30/06/2029	000

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Van Moldergem Jürgen Liliane Carlo	Director	23/02/2022 → 22/02/2028
Verhamme Ignace	Director	29/06/2018 → 28/05/2024	000
Ignace Verhamme	Director	01/07/2017 → 30/06/2018	000
Verhamme Ignace	Director	07/01/2017 → 28/05/2024	000

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2024
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Other24/11/2023
DIVERSEN
PDF
Restructuring28/12/2022
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring25/10/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates29/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/03/2022
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 20256,7 M €↓
2024
Annual accounts 20247 M €↓
20/08/2024
reconductionIgnace Verhamme · bestuurder
25/04/2024
nominationGeert Van de Velde · bestuurder
2023
Annual accounts 20237,6 M €↑
01/01/2023
reconductionWellemans Eric · bestuurder
2022
Annual accounts 2022-9,2 M €↑
2021
Annual accounts 2021-26,1 M €↓
01/01/2021
nominationCarl Laschet · vaste vertegenwoordiger van de commissaris
2020
Annual accounts 20207,2 M €↓
2017
Annual accounts 201710 M €↓
2016
Annual accounts 201610,2 M €
29/11/1946
IncorporationPublic limited company

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Hermeslaan 1H, 1831 DiegemCurrent	CBE, tracked since 27/09/2026	CBE
Hermeslaan 1 bte H, 1831 Diegem	accounts 2022 → 2025	Accounts 2025 · 2026-00514466
Hermeslaan 1H, 1831 Diegem	accounts 2021	Accounts 2021 · 2022-20307537

Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.

Honeywell

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices