ACTIVE

AIR LIQUIDE INDUSTRIES BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result-18,2 M €-248,6 %over 1 year

Revenue573,8 M €-5,1 %over 1 year

Equity265,2 M €-6,5 %over 1 year

Workforce269,4 ETP+3,3 %over 1 year

Identity

Source · BCE/KBO

AIR LIQUIDE INDUSTRIES BELGIUM is a Public limited company incorporated in 1996. Its main activity is: Manufacture of industrial gases. Its registered office is in Zaventem. It employs on average 269,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0457.652.730
Incorporation: 29/03/1996
Legal form: Public limited company
Registered office: Hermeslaan 11
1932 Zaventem · FlandreSee on map
Contributed capital: 256 590 551,16 €
Latest accounts: 31/12/2025
Average workforce: 269,4 ETP

Activities (NACE)

20110Manufacture of industrial gases· main 20110Manufacture of industrial gases 35220Distribution of gaseous fuels through mains 35220Distribution of gaseous fuels through mains 40220Distribution et commerce de combustibles gazeux

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 40 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	573,8 M €	-5.1%	604,8 M €	-20.7%	762,8 M €	-37.2%	1,2 Md €	+100%	606,3 M €
EBITDA	20,2 M €	-47.4%	38,4 M €	+1099%	3,2 M €	-93.8%	51,7 M €	+76.2%	29,3 M €
Operating result	-18,1 M €	-285%	9,8 M €	+152%	-18,7 M €	-231%	14,3 M €	+232%	4,3 M €
Net result	-18,2 M €	-249%	12,3 M €	+195%	-12,9 M €	-243%	9 M €	+176%	3,3 M €
Balance sheet
Equity	265,2 M €	-6.5%	283,7 M €	+4.4%	271,6 M €	-4.6%	284,8 M €	+0.8%	282,4 M €
Total assets	475,8 M €	-7.8%	515,9 M €	+7.2%	481,3 M €	-0.5%	483,8 M €	-1.7%	492,1 M €
Cash	–		–		5,2 M €	+213%	1,7 M €	+1105%	137,3 k €
Debts	191,8 M €	-15.2%	226,2 M €	+9.8%	206 M €	+11.8%	184,2 M €	-10.0%	204,7 M €
Other
Workforce	269,4 ETP	+3.3%	260,7 ETP	+1.4%	257,1 ETP	-0.2%	257,6 ETP	-0.4%	258,6 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

0 active · 22 ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GILLES LE VAN	Director21/08/2025 → 26/06/2026
Alain LE BORGNE	Director16/06/2025 → 26/06/2026
Pierre COSTA DE BEAUREGARD	Director16/06/2025 → 26/06/2026
Xavier PONTONE	Director16/06/2025 → 26/06/2026

Other companies at this address

Hermeslaan 11 1932 Zaventem

Company	CBE no.
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
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

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
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	15/07/2026	11/07/2025	19/06/2024	28/06/2023	13/06/2022	23/06/2021
General meeting	14/07/2026	16/06/2025	10/06/2024	16/06/2023	27/05/2022	04/05/2021
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, 40 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	14/07/2026	15/07/2026	Dutch	PDF
Full model	31/12/2024	16/06/2025	11/07/2025	French	PDF
Consolidated accounts	31/12/2024	06/05/2025	16/07/2025	French	PDF
Full model	31/12/2023	10/06/2024	19/06/2024	French	PDF
Consolidated accounts	31/12/2023	30/04/2024	16/09/2024	French	PDF
Full model	31/12/2022	16/06/2023	28/06/2023	French	PDF
Consolidated accounts	31/12/2022	03/05/2023	05/07/2023	French	PDF
Full model	31/12/2021	27/05/2022	13/06/2022	French	PDF
Consolidated accounts	31/12/2021	04/05/2022	13/06/2022	French	PDF
Full model	31/12/2020	27/05/2021	16/06/2021	French	PDF
Consolidated accounts	31/12/2020	04/05/2021	23/06/2021	French	PDF
Full model	31/12/2019	26/05/2020	08/07/2020	French	PDF
Consolidated accounts	31/12/2019	05/05/2020	09/07/2020	French	PDF
Full model	31/12/2018	27/05/2019	31/05/2019	French	PDF
Consolidated accounts	31/12/2018	07/05/2019	03/06/2019	French	PDF
Full model	31/12/2017	28/05/2018	12/06/2018	French	PDF
Consolidated accounts	31/12/2017	16/05/2018	19/06/2018	French	PDF
Full model	31/12/2016	26/05/2017	12/06/2017	French	PDF
Consolidated accounts	31/12/2016	03/05/2017	13/06/2017	French	PDF
Full model	31/12/2015	11/05/2016	28/06/2016	French	PDF
Consolidated accounts	31/12/2015	12/05/2016	28/06/2016	French	PDF
Full model	31/12/2014	26/05/2015	27/07/2015	French	PDF
Consolidated accounts	31/12/2014	06/05/2015	27/07/2015	French	PDF
Full model	31/12/2013	13/05/2014	17/07/2014	French	PDF
Consolidated accounts	31/12/2013	07/05/2014	29/10/2014	French	PDF
Full model	31/12/2012	14/05/2013	29/07/2013	French	PDF
Full model	31/12/2011	08/05/2012	25/05/2012	French	PDF
Consolidated accounts	31/12/2011	09/05/2012	31/07/2012	French	PDF
Full modelCorrection	31/12/2010	10/05/2011	14/07/2011	French	PDF
Full model	31/12/2010	10/05/2011	29/06/2011	French	PDF
Consolidated accounts	31/12/2010	04/05/2011	05/09/2011	French	PDF
Full model	31/12/2009	11/05/2010	13/07/2010	French	PDF
Consolidated accounts	31/12/2009	05/05/2010	12/07/2010	French	PDF
Full model	31/12/2008	12/05/2009	16/07/2009	French	PDF
Consolidated accounts	31/12/2008	07/05/2009	16/07/2009	French	PDF
Full model	31/12/2007	13/05/2008	02/07/2008	French	PDF
Consolidated accounts	31/12/2007	07/05/2008	14/08/2008	French	PDF
Full model	31/12/2006	15/05/2007	12/07/2007	French	PDF
Consolidated accounts	31/12/2006	09/05/2007	31/07/2007	French	PDF
Consolidated accounts	31/12/2005	29/05/2006	27/02/2007	French	PDF

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

0 active · 22 ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GILLES LE VAN	Director21/08/2025 → 26/06/2026
Alain LE BORGNE	Director16/06/2025 → 26/06/2026
Pierre COSTA DE BEAUREGARD	Director16/06/2025 → 26/06/2026
Xavier PONTONE	Director16/06/2025 → 26/06/2026

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/08/2026
Benoeming van een nieuwe vertegenwoordiger van de commissaris -
PDF
Registered office03/10/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL
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
Other23/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates03/08/2023
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

GILLES LE VAN

Pierre COSTA DE BEAUREGARD

Alain LE BORGNE

Xavier PONTONE

Christophe CHALIER

Frédéric DESPREAUX

Alexander ARKHIPOV

Gerrit Jan TEN CATE

Amine HOUSSAIM

Floris MACKOR

Paolo SERVETTO

Vincent SERAIN

and 10 more mandates

1996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

AIR LIQUIDE INDUSTRIES BELGIUM

Hermeslaan 11, 1932 Sint-Stevens-WoluweAvenue du bourget 44, 1130 Haren

Director

Chairman of the board of directors

Director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Hermeslaan 11, 1932 Sint-Stevens-WoluweCurrent	accounts 2025	Accounts 2025 · 2026-00314781
Avenue du bourget 44, 1130 Haren	accounts 2021 → 2024	Accounts 2024 · 2025-00287201

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
AIR LIQUIDE INDUSTRIES BELGIUMCurrent	accounts 2010 → 2025	Accounts 2025 · 2026-00314781

Events

2025
Annual accounts 2025-18,2 M €↓
16/06/2025
reconductionPatrick MORTROUX · commissaire
16/06/2025
reconductionChristophe CHALIER · administrateur
16/06/2025
reconductionXavier PONTONE · administrateur
16/06/2025
reconductionAlain LE BORGNE · administrateur
16/06/2025
reconductionPierre COSTA DE BEAUREGARD · administrateur
2024
Annual accounts 202412,3 M €↑
17/09/2024
nominationChristophe CHALIER · administrateur
17/09/2024
nominationPierre COSTA DE BEAUREGARD · administrateur
10/06/2024
reconductionFrédéric DESPREAUX · administrateur
10/06/2024
reconductionXavier PONTONE · administrateur
10/06/2024
reconductionAlain LE BORGNE · administrateur
10/06/2024
reconductionAleksandr ARKHIPOV · administrateur
2023
Annual accounts 2023-12,9 M €↓
16/06/2023
reconductionFrédéric DESPREAUX · administrateur
16/06/2023
reconductionAlain LE BORGNE · administrateur
16/06/2023
reconductionAleksandr ARKHIPOV · administrateur
03/04/2023
nominationXavier PONTONE · Administrateur délégué
01/04/2023
nominationXavier PONTONE · administrateur
03/01/2023
nominationGerrit Jan TEN CATE · Administrateur délégué
01/01/2023
nominationGerrit Jan TEN CATE · administrateur
2022
Annual accounts 20229 M €↑
27/05/2022
reconductionPatrick MORTROUX · commissaire
27/05/2022
reconductionAmine HOUSSAIM · administrateur
27/05/2022
reconductionFrédéric DESPREAUX · administrateur
27/05/2022
reconductionAlain LE BORGNE · administrateur
27/05/2022
reconductionAleksandr ARKHIPOV · administrateur
2021
Annual accounts 20213,3 M €↓
2020
Annual accounts 202011,3 M €↓
2019
Annual accounts 201919,3 M €↑
2018
Annual accounts 2018-2,3 M €↓
2017
Annual accounts 20178,5 M €↓
2016
Annual accounts 201615,4 M €↓
2015
Annual accounts 201516,6 M €↓
2014
Annual accounts 201423,4 M €↑
2013
Annual accounts 201310,1 M €↓
2012
Annual accounts 201224,1 M €↑
2011
Annual accounts 201119,7 M €↓
2010
Annual accounts 2010102,2 M €
29/03/1996
IncorporationPublic limited company

AIR LIQUIDE INDUSTRIES BELGIUM

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

Company names

Events