Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2025 and 2026.
-
Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2026; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 2,173.9 to 1,724.
Financials
Financial year 2026
Daikin Europe N.V. from Oostende, company number BE0412120336, closed financial year 2026 with a result of € -164.9 million after tax. For that financial year Daikin Europe N.V. recorded revenue of € 3.1 billion and equity of € 1.2 billion. Compared with financial year 2025, the result moved from € -22.5 million to € -164.9 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 1.2 billion
▼ 6% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -164.9 million
▼ 634 % more loss than in 2025
Profit after tax over the fiscal year.
€ 1 million
▼ 90% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 780.5 million.
People and assets in 2026
1,724
▼ 93.2 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 161.4 million
▲ 1% vs 2025
€ 93,600 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.
€ 9.4 million
▼ 21% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 764 million
▼ 10% vs 2025
€ 97,790 is repaid this year. At this pace the long-term loan is gone in ≈ 59 years.
€ 395 million
▲ 11% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 49 days on average.
€ 60.4 million
▲ 12% vs 2025
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 3,527,872,244 | € 3,162,847,789 | € 2,978,014,471 | € 3,105,588,074 | ▲ 4% |
| Profit after taxes | € 56,531,735 | € -121,189,046 | € -22,471,620 | € -164,916,665 | ▼ € 142.4 million |
| Equity | € 1,275,360,121 | € 1,153,955,459 | € 1,316,345,502 | € 1,236,324,816 | ▼ 6% |
| Total debts | € 1,150,451,520 | € 1,483,005,834 | € 1,272,366,947 | € 1,274,552,308 | |
| Cash | € 21,129,719 | € 2,758,608 | € 10,484,892 | € 1,028,893 | ▼ 90% |
| Land & buildings | € 5,331,166 | € 10,393,130 | € 60,029,208 | € 58,819,503 | ▼ 2% |
| Retained profit | € 1,119,087,311 | € 997,898,264 | € 960,426,645 | € 780,509,980 | ▼ 19% |
| Dividend | € 40,000,000 | € 0 | € 15,000,000 | € 15,000,000 | |
| Bank debt | € 542,327,634 | € 1,099,011,367 | € 852,218,396 | € 764,015,572 | ▼ 10% |
| Balance sheet total | € 2,447,393,754 | € 2,652,667,545 | € 2,607,955,583 | € 2,534,890,331 | ▼ 3% |
| Employees (FTE) | 2,052.6 | 2,173.9 | 1,817.2 | 1,724 | ▼ 93.2 |
Key figures of Daikin Europe N.V., fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Daikin Europe N.V.?
What happened at Daikin Europe N.V. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 164.9 million. Source: NBB ↗
- Mr. Geert Vos stepped down as director. NBB
- Mr. Shigeki Morita stepped down as director. NBB
- Mr. Hasan ONDER stepped down as director. NBB
- Mrs. Corine VYNCKE stepped down as director. NBB
- Mr. Masatsugu MINAKA stepped down as director. NBB
- Mr. Wim DE SCHACHT stepped down as director. NBB
- Mr. Claudio CAPOZIO stepped down as director. NBB
In short
From € 56.5 million profit in 2023 to € 164.9 million loss in 2026.
Paid € 25 million in corporate taxes since 2023.
Best year ever: 2023, with € 56.5 million profit.
Paid out € 70 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by DAIKIN INDUSTRIES LTD (100%) and Masatsugu Minaka (0%). It owns 100% of DAIKIN AIRCONDITIONING GERMANY GMBH, 100% of DAIKIN MANUFACTURING POLAND SP. SO.O, 100% of COOL INTERNATIONAL HOLDING GMBH, 100% of DAIKIN AIRCONDITIONING CENTRAL EUROPE HANDELS GMBH, 100% of DAIKIN AIRCONDITIONING FRANCE S.A.S and 100% of ZANOTTI S.P.A. itself.
Directors
According to the 2026 annual accounts
Mr. Geert Vos
Director
since 2026 · until 2026
Mr. Shigeki Morita
Director
since 2024 · until 2026
Mr. Takayuki KAMEKAWA
Director
since 2024 · until 2025
Mr. Hasan ONDER
Director
since 2024 · until 2026
Mrs. Corine VYNCKE
Director
since 2024 · until 2026
Mr. Masatsugu MINAKA
Chairman of the board
since 2024 · until 2026
Mr. Wim DE SCHACHT
Director
since 2024 · until 2026
Mr. Claudio CAPOZIO
Director
since 2024 · until 2026
Mr. Junji UMAMOTO
Director
since 2024 · until 2026
Mr. Osamu Tanaka
Director
since 2025 · until 2026
Mr. Hideki HARA
Director
since 2024 · until 2026
Mr. Toshitaka TSUBOUCHI
Managing director
since 2024 · until 2026
Shareholders
DAIKIN INDUSTRIES LTD
100%
Masatsugu Minaka
0%
Participations
DAIKIN AIRCONDITIONING GERMANY GMBH
100%
DAIKIN MANUFACTURING POLAND SP. SO.O
100%
COOL INTERNATIONAL HOLDING GMBH
100%
DAIKIN AIRCONDITIONING CENTRAL EUROPE HANDELS GMBH
100%
DAIKIN AIRCONDITIONING FRANCE S.A.S
100%
ZANOTTI S.P.A.
100%
DAIKIN SWEDEN AB
100%
DAIKIN ISITMA VE SOGUTMA SISTEMLERI SAN. TIC. A.S.
100%
Daikin Denmark A/S
100%
DAIKIN AIRCONDITIONING PORTUGAL DISTRIBUICAO EQUIPAMENTO TERMICO S.A.
100%
DAIKIN AIRCONDITIONING UK Ltd.
100%
DAIKIN MIDDLE-EAST AND AFRICA FZE
100%
Daikin Arabia Regional Headquarter LLC
100%
DAIKIN AIRCONDITIONING NETHERLANDS B.V.
100%
DAIKIN DEVICE CZECH REPUBLIC S.R.O.
100%
DAIKIN AIR CONDITIONING ITALY S.P.A.
100%
DAIKIN MANUFACTURING GERMANY GMBH
100%
DAIKIN INDUSTRIES CZECH REPUBLIC S.R.O.
100%
DAIKIN AC SPAIN S.A.
100%
DAIKIN AIRCONDITIONING POLAND Sp. z o.o.
100%
DAIKIN AIRCONDITIONING NORWAY AS
100%
DAIKIN AIRCONDITIONING GREECE S.A.
100%
DAIKIN AIRCONDITIONING SOUTH AFRICA PTY LTD
84.6%
DAIKIN AIR CONDITIONING EGYPT S.A.E.
60%
DAIKIN TRADING AND AIR CONDITIONING SOLUTIONS LLC
49%
DAIKIN AIR CONDITIONING SAUDI ARABIA LLC
37.5%
DAIKIN NIGERIA & WEST AFRICA OFFICE LTD
25%
Establishments
Establishment units
Physical locations of this company
Zandvoordestraat 300
8400 Oostende
Bergense Steenweg 1424
1070 Anderlecht
Active since 1 April 2002
Kapellestraat 142 box 0-01/1-02
8020 Oostkamp
Active since 1 January 2023
Amandinestraat 1
8400 Oostende
Active since 24 May 2023
Stationsstraat 103
8400 Oostende
Active since 23 October 2023
Technologiepark-Zwijnaarde 116
9052 Gent
Active since 6 January 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
FASTLY - Fastly, Inc., US
Domain
Domain
daikin.eu
Registrar
CSC CORPORATE DOMAINS INC.
Website info
Features
Security
Network
Details
- Company number
- 0412.120.336
- VAT number
- BE 0412.120.336
- Registered office
- Zandvoordestraat 300, 8400 Oostende
- Names & denominations
- Daikin Europe N.V.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 March 1972
- Peppol
- Active · Active since 11 Dec 2025
- Contact
- daikin.eu
- Activities · NACE
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