ACTIVE

AIR PRODUCTS MANAGEMENT

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Financial year 2025 · Closed on 30/09/2025

Net result12,8 M €-6,2 %over 1 year

Gross margin3 M €

Equity446,6 M €+2,9 %over 1 year

Workforce13,8 ETP-18,3 %over 1 year

Identity

Source · BCE/KBO

AIR PRODUCTS MANAGEMENT is a Private limited company incorporated in 1989. Its main activity is: Activities of head offices. Its registered office is in Machelen (Brab.). It employs on average 13,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0436.878.991
Incorporation: 24/02/1989
Legal form: Private limited company
Registered office: Leonardo da Vincilaan 19C box 4
1831 Machelen (Brab.) · FlandreSee on map
Contributed capital: 239 125 000,00 €
Latest accounts: 30/09/2025
Average workforce: 13,8 ETP

Activities (NACE)

70100Activities of head offices· main 70100Activities of head offices 74152Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 22 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	3 M €		–		–		–		–
EBITDA	300,3 k €	+33.3%	225,2 k €	-23.1%	292,7 k €	+65.9%	176,5 k €	-34.5%	269,6 k €
Operating result	300,3 k €	+33.3%	225,2 k €	-23.1%	292,7 k €	+65.9%	176,5 k €	-34.5%	269,6 k €
Net result	12,8 M €	-6.2%	13,6 M €	+14.3%	11,9 M €	+56.4%	7,6 M €	-1.5%	7,7 M €
Balance sheet
Equity	446,6 M €	+2.9%	433,9 M €	+3.2%	420,3 M €	+2.9%	408,4 M €	+1.9%	400,7 M €
Total assets	814,4 M €	+14.0%	714,1 M €	+1.2%	705,5 M €	+5.9%	666,2 M €	+1.7%	654,8 M €
Cash	0 €		0 €		–		–		–
Debts	367,7 M €	+31.2%	280,2 M €	-1.8%	285,2 M €	+10.6%	257,9 M €	+1.5%	254,1 M €
Other
Workforce	13,8 ETP	-18.3%	16,9 ETP	-8.2%	18,4 ETP	+3.4%	17,8 ETP	-6.3%	19,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

3 active · 30 ended

Active mandates

Sonia Araujo

Director · since 03 juin 2024

Active

José Bernardo Escorihuela Urbina

Director · since 15 février 2022

Active

Erik De Vos

Director · since 31 juillet 2015

Active

Ended mandates

David Leney

Director · since 26 mai 2017 · until 15 février 2022

Ended

David Leney

Administrator - manager · since 26 mai 2017 · until 26 mars 2025

Ended

Erik De Vos

Administrator - manager · since 31 juillet 2015

Ended

Erik De Vos

Administrator - manager · since 31 mai 2015 · until 26 mars 2025

Ended

Other companies at this address

Leonardo da Vincilaan 19C 1831 Machelen (Brab.)

Company	CBE no.
Air Products● Active	0402.052.330
Estée Lauder Cosmetics● Active	0403.769.032
HiveToHive Solutions● Active	1021.303.102
LOGICA BELGIUM● Active	0436.786.050
Synapse Partnership● Active	1039.218.903

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/04/2026	03/04/2025	27/03/2024	30/03/2023	29/03/2022	31/03/2021
General meeting	26/03/2026	26/03/2025	26/03/2024	27/03/2023	28/03/2022	26/03/2021
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, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	26/03/2026	08/04/2026	Dutch	PDF
Full model	30/09/2024	26/03/2025	03/04/2025	Dutch	PDF
Full model	30/09/2023	26/03/2024	27/03/2024	Dutch	PDF
Full model	30/09/2022	27/03/2023	30/03/2023	Dutch	PDF
Full model	30/09/2021	28/03/2022	29/03/2022	Dutch	PDF
Full model	30/09/2020	26/03/2021	31/03/2021	Dutch	PDF
Full model	30/09/2019	31/03/2020	15/04/2020	Dutch	PDF
Full model	30/09/2018	26/03/2019	09/04/2019	Dutch	PDF
Full model	30/09/2017	26/03/2018	10/04/2018	French	PDF
Full model	30/09/2017	26/03/2018	10/04/2018	Dutch	PDF
Full model	30/09/2016	27/03/2017	11/04/2017	Dutch	PDF
Full model	30/09/2016	27/03/2017	11/04/2017	French	PDF
Full model	30/09/2015	29/03/2016	30/03/2016	Dutch	PDF
Full model	30/09/2014	26/03/2015	26/03/2015	French	PDF
Full model	30/09/2013	26/03/2014	27/03/2014	French	PDF
Full model	30/09/2012	25/03/2013	26/03/2013	French	PDF
Full model	30/09/2011	26/03/2012	04/04/2012	French	PDF
Full model	30/09/2010	28/03/2011	18/04/2011	French	PDF
Full model	30/09/2009	22/03/2010	13/04/2010	French	PDF
Full model	30/09/2008	23/03/2009	27/03/2009	French	PDF
Full model	30/09/2007	10/03/2008	18/03/2008	French	PDF
Full model	30/09/2006	26/04/2007	27/04/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/09/2025

3 active · 30 ended

Active mandates

Sonia Araujo

Director · since 03 juin 2024

Active

José Bernardo Escorihuela Urbina

Director · since 15 février 2022

Active

Erik De Vos

Director · since 31 juillet 2015

Active

Ended mandates

David Leney

Director · since 26 mai 2017 · until 15 février 2022

Ended

David Leney

Administrator - manager · since 26 mai 2017 · until 26 mars 2025

Ended

Erik De Vos

Administrator - manager · since 31 juillet 2015

Ended

Erik De Vos

Administrator - manager · since 31 mai 2015 · until 26 mars 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates10/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2024
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates07/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other09/05/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates22/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/11/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office26/09/2017
MAATSCHAPPELIJKE ZETEL
PDF

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

See the Business plan

Timeline

2025
Annual accounts 202512,8 M €↓
26/03/2025
reconductionCedric BOGAERTS — commissaris
2024
Annual accounts 202413,6 M €↑
03/06/2024
nominationSonia DE VASCONCELOS BORGES ARAUJO — bestuurder
03/06/2024
nominationSonia DE VASCONCELOS BORGES DE ARAUJO — bestuurder
2023
Annual accounts 202311,9 M €↑
2022
Annual accounts 20227,6 M €↓
28/03/2022
reconductionCédric BOGAERTS — commissaris
15/02/2022
nominationJosé Bernardo ESCORIHUELA URBINA — bestuurder
2021
Annual accounts 20217,7 M €↓
2020
Annual accounts 20207,8 M €↓
2019
Annual accounts 20199,2 M €↓
2014
Annual accounts 201410,4 M €↑
2013
Annual accounts 20139,7 M €↑
2012
Annual accounts 20125 M €↓
2011
Annual accounts 20116,6 M €↓
2010
Annual accounts 20107 M €↓
2009
Annual accounts 200911,4 M €↓
2008
Annual accounts 200819,9 M €↑
2007
Annual accounts 20079,5 M €↑
2006
Annual accounts 20065,6 M €
24/02/1989
IncorporationPrivate limited company

AIR PRODUCTS MANAGEMENT

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