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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Honeywell from Machelen (Brab.), company number BE0402220891, closed financial year 2025 with a result of € 6.7 million after tax. For that financial year Honeywell recorded revenue of € 114.9 million and equity of € 26.6 million. Compared with financial year 2024, the result moved from € 7 million to € 6.7 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 11, 2026.
€ 26.6 million
▲ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6.7 million
▼ 5% vs 2024
Profit after tax over the fiscal year.
€ 3.5 million
▲ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 23.5 million.
People and assets in 2025
329.1
▲ 11.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 43 million
▲ 8% vs 2024
€ 130,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 27.9 million
Loans from banks and other lenders, long and short.
€ 13.4 million
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 75 days on average.
€ 7.3 million
▲ 10% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 94,228,073 | € 105,593,603 | € 119,364,881 | € 114,931,166 | ▼ 4% |
| Profit after taxes | € -9,201,898 | € 7,561,924 | € 7,015,740 | € 6,653,311 | ▼ 5% |
| Equity | € 5,384,978 | € 12,946,902 | € 19,962,643 | € 26,615,954 | ▲ 33% |
| Total debts | € 43,985,105 | € 45,694,373 | € 39,273,285 | € 57,174,232 | ▲ 46% |
| Cash | € 10,422,300 | € 2,776,704 | € 2,625,038 | € 3,510,181 | ▲ 34% |
| Land & buildings | € 221,136 | € 190,720 | € 499,072 | € 542,889 | ▲ 9% |
| Retained profit | € 2,236,848 | € 9,798,772 | € 16,814,512 | € 23,467,823 | ▲ 40% |
| Bank debt | € 8,772,861 | € 0 | € 0 | € 27,898,995 | |
| Balance sheet total | € 51,860,259 | € 62,183,873 | € 60,525,447 | € 84,516,484 | ▲ 40% |
| Employees (FTE) | 343.8 | 314 | 317.4 | 329.1 | ▲ 11.7 |
Key figures of Honeywell, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Honeywell?
What happened at Honeywell in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Verhamme Ignace stepped down as director. NBB
- Van de Velde Geert stepped down as director. NBB
- Wellemans Erik stepped down as director. NBB
- Van Moldergem Jürgen Liliane Carlo stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 6.7 million (▼ 5% vs 2024). filed late Source: NBB ↗
- Van de Velde Geert became a director. NBB
- New establishment in Kortrijk. KBO
- Wellemans Erik became a director. NBB
In short
From € 9.2 million loss in 2022 to € 6.7 million profit in 2025.
Paid € 16.7 million in corporate taxes since 2022.
Best year ever: 2023, with € 7.6 million profit.
Pays suppliers within 75 days on average.
Management
The shares are held by Honeywell North Atlantic Holding (100%) and Honeywell Aircraft Leasing (0%). It owns 100% of Access Solutions Belgium itself.
Directors
According to the 2025 annual accounts
Van Moldergem Jürgen Liliane Carlo
Director
since 2022 · until 2028
Wellemans Erik
Director
since 2023 · until 2028
since 2017 · until 2029
Van de Velde Geert
Director
since 2024 · until 2029
Shareholders
Honeywell North Atlantic Holding
100%
Honeywell Aircraft Leasing
0%
Participations
Establishments
Establishment units
Physical locations of this company
Hermeslaan 1H
1831 Machelen (Brab.)
Hermeslaan 1 box H
1831 Machelen (Brab.)
Active since 1 November 1946
Goudenregenlaan 3
2610 Antwerpen
Active since 1 April 1950
Aéroport de Liège 50
4460 Grâce-Hollogne
Active since 1 May 1950
z industrielle de fleurus s/n
6220 Fleurus
Active since 28 November 2022
Beneluxpark(Kor) 26 box 37
8500 Kortrijk
Active since 23 June 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →Compass Group Belgium
€ 237.4 million revenue · 2025
Honeywell Europe
€ 23.1 million revenue · 2025
Honeywell
U O P
EnergyICT
€ 3.5 million revenue · 2025
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.220.891
- VAT number
- BE 0402.220.891
- Registered office
- Hermeslaan 1H, 1831 Machelen (Brab.)
- Names & denominations
- Honeywell
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 November 1946
- Peppol
- Active · Active since 29 Jan 2026
- Activities · NACE
Groothandel in informatie- en communicatieapparatuur
Groothandel in elektronische en telecommunicatieapparatuur en delen daarvan
Vervaardiging van optische instrumenten, magnetische en optische dragers en fotografische apparatuur
Vervaardiging van kantoormachines en -uitrusting (exclusief computers en randapparatuur)
Vervaardiging van optische instrumenten en fotografische apparatuur
Vervaardiging van kantoormachines