ACTIVE

L'Air liquide Belge

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Financial year 2025 · Closed on 31/12/2025

Net result937,7 k €-97,3 %over 1 year
Revenue126,7 M €-3,7 %over 1 year
Equity43,8 M €+2,1 %over 1 year
Workforce304,7 ETP+16,7 %over 1 year

Identity

Source · BCE/KBO

L'Air liquide Belge is a Public limited company incorporated in 1958. Its main activity is: Manufacture of industrial gases. Its registered office is in Zaventem. It employs on average 304,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0404.222.556
Incorporation
03/07/1958
Legal form
Public limited company
Registered office
Hermeslaan 11
1932 Zaventem · FlandreSee on map
Contributed capital
7 186 020,81 €
Latest accounts
31/12/2025
Average workforce
304,7 ETP
Joint committees (2)
  • 116
  • 207
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 20 filings

Trend over 17 financial years

20252024202320222021
Income statement
Revenue126,7 M €131,5 M €144,8 M €123,1 M €99,4 M €
EBITDA11,7 M €14,4 M €7,9 M €8,9 M €7,9 M €
Operating result253,7 k €7,1 M €923,4 k €2,2 M €1,9 M €
Net result937,7 k €34,8 M €7,8 M €8,9 M €10,1 M €
Balance sheet
Equity43,8 M €42,9 M €28,2 M €29,4 M €29,5 M €
Total assets86,7 M €96 M €74,9 M €66,8 M €64,3 M €
Cash36,1 k €189 k €16,7 k €3,6 k €4,1 k €
Debts35,6 M €50,7 M €44,3 M €34,7 M €32,4 M €
Other
Workforce304,7 ETP261,0 ETP265,0 ETP257,7 ETP251,0 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

5 active · 61 ended

Active mandates

Gilles LE VAN

Director · since 28 août 2025 · until 24 juin 2026

Active
Olivier GRANDJEAN

Director · since 28 août 2025 · until 24 juin 2026

Active
Alain LE BORGNE

Director · since 16 juin 2025 · until 24 juin 2026

Active
Pierre COSTA DE BEAUREGARD

Director · since 16 juin 2025 · until 24 juin 2026

Active
Vincent DAUCHY

Managing director · since 16 juin 2025 · until 24 juin 2026

Active

Ended mandates

Chrisophe CHALIER

Director · since 27 septembre 2024 · until 16 juin 2025

Ended
Pierre COSTA DE BEAUREGARD

Director · since 27 septembre 2024 · until 16 juin 2025

Ended
Vincent DAUCHY

Managing director · since 01 septembre 2022 · until 09 juin 2023

Ended
Vincent DAUCHY

Managing director · since 01 septembre 2022 · until 17 juin 2024

Ended

Other companies at this address

Hermeslaan 11 1932 Zaventem
CompanyCBE no.
AIR LIQUIDE INDUSTRIES BELGIUM● Active
0457.652.730
AIR LIQUIDE LARGE INDUSTRY● Active
0471.356.949
AIR LIQUIDE MEDICAL● Active
0436.888.493
DENSO Belgium● Active
0471.476.814
Fonds d'assainissement des sols des citernes à gasoil à des fins de chauffage● Active
0726.647.586
FONDS D'ASSAINISSEMENT DES SOLS DES STATIONS - SERVICE - BODEMSANERINGSFONDS VOOR BENZINESTATIONS● Active
0474.553.197
HYDROWAL● Active
0420.552.210
MARKETING & SALES INVEST● Active
0716.890.772
MindsInvest● Active
0775.624.074
MINDS&MORE● Active
0824.312.730
Moore Corporate Finance● Active
0463.402.256
PFIZER SERVICE COMPANY● Active
0478.242.365
PFIZER VAT GROUP BELGIUM● Active
0846.133.968
Recupel● Active
0473.923.093
SUMITOMO CHEMICAL EUROPE S.A./N.V.● Active
0453.622.676
SUMITOMO SEIKA EUROPE● Active
0894.054.344
Swedish Orphan Biovitrum (Belgium)● Active
0536.217.087

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/07/202601/07/202528/06/202416/06/202307/06/202216/06/2021
General meeting24/06/202616/06/202517/06/202409/06/202318/05/202225/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202524/06/202603/07/2026DutchPDF
Full model31/12/202416/06/202501/07/2025FrenchPDF
Full model31/12/202317/06/202428/06/2024FrenchPDF
Full model31/12/202209/06/202316/06/2023FrenchPDF
Full model31/12/202118/05/202207/06/2022FrenchPDF
Full model31/12/202025/05/202116/06/2021FrenchPDF
Full model31/12/201925/05/202001/07/2020FrenchPDF
Full model31/12/201827/05/201927/05/2019FrenchPDF
Full model31/12/201729/05/201831/05/2018FrenchPDF
Full model31/12/201626/05/201701/06/2017FrenchPDF
Full model31/12/201520/05/201627/06/2016FrenchPDF
Full model31/12/201426/05/201515/06/2015FrenchPDF
Full model31/12/201316/05/201410/07/2014FrenchPDF
Full model31/12/201215/05/201313/06/2013FrenchPDF
Full model31/12/201116/05/201212/06/2012FrenchPDF
Full model31/12/201018/05/201125/05/2011FrenchPDF
Full model31/12/200919/05/201016/06/2010FrenchPDF
Full model31/12/200820/05/200902/07/2009FrenchPDF
Full model31/12/200721/05/200826/06/2008FrenchPDF
Full model31/12/200616/05/200714/06/2007FrenchPDF

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

5 active · 61 ended

Active mandates

Gilles LE VAN

Director · since 28 août 2025 · until 24 juin 2026

Active
Olivier GRANDJEAN

Director · since 28 août 2025 · until 24 juin 2026

Active
Alain LE BORGNE

Director · since 16 juin 2025 · until 24 juin 2026

Active
Pierre COSTA DE BEAUREGARD

Director · since 16 juin 2025 · until 24 juin 2026

Active
Vincent DAUCHY

Managing director · since 16 juin 2025 · until 24 juin 2026

Active

Ended mandates

Chrisophe CHALIER

Director · since 27 septembre 2024 · until 16 juin 2025

Ended
Pierre COSTA DE BEAUREGARD

Director · since 27 septembre 2024 · until 16 juin 2025

Ended
Vincent DAUCHY

Managing director · since 01 septembre 2022 · until 09 juin 2023

Ended
Vincent DAUCHY

Managing director · since 01 septembre 2022 · until 17 juin 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office03/10/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ALGEMENE VERGADERING
    PDF
  • Mandates25/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/08/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/10/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/10/2022
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025937,7 k €↓
  2. 18/09/2025
    nominationGilles LE VAN — administrateur
  3. 18/09/2025
    nominationOlivier GRANDJEAN — administrateur
  4. 16/06/2025
    reconductionPatrick MORTROUX — commissaire
  5. 16/06/2025
    reconductionVincent DAUCHY — administrateur
  6. 16/06/2025
    reconductionChristophe CHALIER — administrateur
  7. 16/06/2025
    reconductionAlain LE BORGNE — administrateur
  8. 16/06/2025
    reconductionPierre COSTA DE BEAUREGARD — administrateur
  9. 2024
    Annual accounts 202434,8 M €↑
  10. 27/09/2024
    nominationChristophe CHALIER — administrateur
  11. 27/09/2024
    nominationPierre COSTA DE BEAUREGARD — administrateur
  12. 17/06/2024
    reconductionVincent DAUCHY — administrateur
  13. 17/06/2024
    reconductionFrédéric DESPREAUX — administrateur
  14. 17/06/2024
    reconductionAlain LE BORGNE — administrateur
  15. 17/06/2024
    reconductionAleksandr ARKHIPOV — administrateur
  16. 2023
    Annual accounts 20237,8 M €↓
  17. 09/06/2023
    reconductionVincent DAUCHY — administrateur
  18. 09/06/2023
    reconductionFrédéric DESPREAUX — administrateur
  19. 09/06/2023
    reconductionAlain LE BORGNE — administrateur
  20. 09/06/2023
    reconductionAleksandr ARKHIPOV — administrateur
  21. 2022
    Annual accounts 20228,9 M €↓
  22. 01/09/2022
    nominationVincent DAUCHY — administrateur
  23. 01/09/2022
    nominationVincent DAUCHY — Administrateur délégué
  24. 18/05/2022
    reconductionPatrick MORTROUX — commissaire
  25. 18/05/2022
    reconductionMathilde GODARD — administrateur
  26. 18/05/2022
    reconductionFréderic DESPREAUX — administrateur
  27. 18/05/2022
    reconductionAlain LE BORGNE — administrateur
  28. 18/05/2022
    reconductionAleksandr ARKHIPOV — administrateur
  29. 2021
    Annual accounts 202110,1 M €↑
  30. 2020
    Annual accounts 20209,1 M €↑
  31. 2018
    Annual accounts 20186,9 M €↑
  32. 2017
    Annual accounts 2017990,7 k €↓
  33. 2016
    Annual accounts 20166,7 M €↓
  34. 2015
    Annual accounts 20158,6 M €↓
  35. 2014
    Annual accounts 201414,9 M €↑
  36. 2013
    Annual accounts 201310,7 M €↑
  37. 2012
    Annual accounts 20126,4 M €↓
  38. 2011
    Annual accounts 20118,5 M €↓
  39. 2010
    Annual accounts 201011,1 M €↑
  40. 2009
    Annual accounts 20096,5 M €↓
  41. 2008
    Annual accounts 200810,5 M €
  42. 03/07/1958
    IncorporationPublic limited company