ACTIVE

AIR LIQUIDE MEDICAL

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Financial year 2025 · Closed on 31/12/2025

Net result4,6 M €-79,6 %over 1 year
Revenue33,6 M €-37,1 %over 1 year
Equity18,6 M €+32,0 %over 1 year
Workforce33,8 ETP-71,2 %over 1 year

Identity

Source · BCE/KBO

AIR LIQUIDE MEDICAL is a Public limited company incorporated in 1989. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Zaventem. It employs on average 33,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0436.888.493
Incorporation
24/02/1989
Legal form
Public limited company
Registered office
Hermeslaan 11
1932 Zaventem · FlandreSee on map
Contributed capital
1 900 063,77 €
Latest accounts
31/12/2025
Average workforce
33,8 ETP
Joint committees (2)
  • 116
  • 207
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue33,6 M €53,5 M €57,6 M €53,4 M €50,2 M €
EBITDA7,7 M €32,6 M €14,3 M €14,1 M €14,2 M €
Operating result6,1 M €30,2 M €11,3 M €11 M €10,8 M €
Net result4,6 M €22,4 M €8,2 M €8,1 M €8 M €
Balance sheet
Equity18,6 M €14,1 M €19,4 M €15,6 M €15 M €
Total assets27,2 M €24,2 M €41,6 M €35,8 M €35,8 M €
Cash490,3 k €2,7 k €19 k €13,2 k €281 k €
Debts8,1 M €9,7 M €21,3 M €19,4 M €19,8 M €
Other
Workforce33,8 ETP117,2 ETP130,6 ETP125,6 ETP124,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 96 ended

Active mandates

Alain LE BORGNE

Director · since 30 janvier 2026 · until 18 mai 2027

Active
Anne ROINSON

Managing director · since 16 mai 2025 · until 22 juin 2026

Active
Emmanuel DEHAN

Director · since 16 mai 2025 · until 22 juin 2026

Active
Nesrine DJEBALI

Director · since 16 mai 2025 · until 22 juin 2026

Active
Vincent DAUCHY

Président du Conseil d'Administration · since 16 mai 2025 · until 22 juin 2026

Active

Ended mandates

Anne ROISON

Managing director · since 16 décembre 2024 · until 16 juin 2025

Ended
Agnieszka Kula-Borsuk

Présidente du Conseil d'Administration · since 17 juin 2024 · until 03 mars 2025

Ended
Emmanuel DEHAN

Director · since 17 juin 2024 · until 16 juin 2025

Ended
Jean-Noël PICARD

Director · since 17 juin 2024 · until 16 juin 2025

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
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
L'Air liquide Belge● Active
0404.222.556
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 date02/07/202604/07/202528/06/202412/06/202314/06/202223/06/2021
General meeting22/06/202616/06/202517/06/202409/06/202317/05/202225/05/2021
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 model31/12/202522/06/202602/07/2026DutchPDF
Full model31/12/202416/06/202504/07/2025FrenchPDF
Full model31/12/202317/06/202428/06/2024FrenchPDF
Full model31/12/202209/06/202312/06/2023FrenchPDF
Full model31/12/202117/05/202214/06/2022FrenchPDF
Full model31/12/202025/05/202123/06/2021FrenchPDF
Full model31/12/201925/05/202002/07/2020FrenchPDF
Full model31/12/201827/05/201927/05/2019FrenchPDF
Full model31/12/201729/05/201831/05/2018FrenchPDF
Full model31/12/201626/05/201713/06/2017FrenchPDF
Full model31/12/201520/05/201628/06/2016FrenchPDF
Full model31/12/201419/05/201515/06/2015FrenchPDF
Full model31/12/201316/04/201427/05/2014FrenchPDF
Full model31/12/201209/05/201317/06/2013FrenchPDF
Full model31/12/201118/04/201225/06/2012FrenchPDF
Full model31/12/201020/04/201111/05/2011FrenchPDF
Full model31/12/200921/04/201012/05/2010FrenchPDF
Full model31/12/200815/04/200913/05/2009FrenchPDF
Full model31/12/200707/05/200822/05/2008FrenchPDF
Full model31/12/200609/05/200726/06/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 96 ended

Active mandates

Alain LE BORGNE

Director · since 30 janvier 2026 · until 18 mai 2027

Active
Anne ROINSON

Managing director · since 16 mai 2025 · until 22 juin 2026

Active
Emmanuel DEHAN

Director · since 16 mai 2025 · until 22 juin 2026

Active
Nesrine DJEBALI

Director · since 16 mai 2025 · until 22 juin 2026

Active
Vincent DAUCHY

Président du Conseil d'Administration · since 16 mai 2025 · until 22 juin 2026

Active

Ended mandates

Anne ROISON

Managing director · since 16 décembre 2024 · until 16 juin 2025

Ended
Agnieszka Kula-Borsuk

Présidente du Conseil d'Administration · since 17 juin 2024 · until 03 mars 2025

Ended
Emmanuel DEHAN

Director · since 17 juin 2024 · until 16 juin 2025

Ended
Jean-Noël PICARD

Director · since 17 juin 2024 · until 16 juin 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other24/09/2026
    —
    PDF
  • Mandates30/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office03/10/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL - ALGEMENE VERGADERING
    PDF
  • Mandates19/08/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/05/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/11/2024
    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 20254,6 M €↓
  2. 2024
    Annual accounts 202422,4 M €↑
  3. 2023
    Annual accounts 20238,2 M €↑
  4. 2022
    Annual accounts 20228,1 M €↑
  5. 2021
    Annual accounts 20218 M €↓
  6. 2020
    Annual accounts 20208,1 M €↑
  7. 2019
    Annual accounts 20196,2 M €↓
  8. 2018
    Annual accounts 20187 M €↑
  9. 2017
    Annual accounts 20175,7 M €↓
  10. 2016
    Annual accounts 20165,9 M €↑
  11. 2015
    Annual accounts 20153,9 M €↓
  12. 2014
    Annual accounts 20144,2 M €↑
  13. 2013
    Annual accounts 20131,4 M €↓
  14. 2012
    Annual accounts 20122,5 M €↓
  15. 2011
    Annual accounts 20113,6 M €↑
  16. 2010
    Annual accounts 20103,2 M €↑
  17. 2009
    Annual accounts 20091,9 M €↓
  18. 2008
    Annual accounts 20082 M €
  19. 24/02/1989
    IncorporationPublic limited company