Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 28.9 to 23.5.
-
Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Honeywell Europe from Machelen (Brab.), company number BE0412674127, closed financial year 2025 with a result of € 3.6 million after tax. For that financial year Honeywell Europe recorded revenue of € 23.1 million and equity of € 199.2 million. Compared with financial year 2024, the result moved from € 2.7 million to € 3.6 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 199.2 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.6 million
▲ 36% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 155.6 million.
People and assets in 2025
23.5
▼ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.3 million
▲ 2% vs 2024
€ 226,500 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
€ 67.3 million
▲ 276% vs 2024
Loans from banks and other lenders, long and short.
€ 62.9 million
▲ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1330 days on average.
€ 3.9 million
▲ 9% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 20,581,431 | € 25,601,009 | € 27,352,929 | € 23,073,378 | ▼ 16% |
| Profit after taxes | € 2,769,583 | € 1,890,041 | € 2,659,641 | € 3,604,216 | ▲ 36% |
| Equity | € 191,089,698 | € 192,979,739 | € 195,639,380 | € 199,243,596 | ▲ 2% |
| Total debts | € 4,247,917,972 | € 99,669,591 | € 66,483,998 | € 134,148,341 | ▲ 102% |
| Cash | € 404,222,108 | - | - | - | |
| Retained profit | € 147,398,964 | € 149,289,005 | € 151,948,646 | € 155,552,862 | ▲ 2% |
| Bank debt | € 4,187,268,444 | € 46,568,318 | € 17,910,300 | € 67,286,635 | ▲ 276% |
| Balance sheet total | € 4,439,007,670 | € 292,649,330 | € 262,123,378 | € 333,391,938 | ▲ 27% |
| Employees (FTE) | 33.3 | 28.9 | 25.7 | 23.5 | ▼ 2.2 |
Key figures of Honeywell Europe, 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 Europe?
What happened at Honeywell Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3.6 million (▲ 36% vs 2024). Source: NBB ↗
- Geers Alex became a director. NBB
- Timmerman Joke became a director. NBB
- Verhamme Ignace became a director. NBB
- New establishment in Machelen (Brab.). KBO
- Start of the company according to the CBE. KBO
In short
From € 2.8 million profit in 2022 to € 3.6 million profit in 2025.
Paid € 7.3 million in corporate taxes since 2022.
Best year ever: 2025, with € 3.6 million profit.
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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
Behind Honeywell Europe are Geers Alex, Timmerman Joke and Verhamme Ignace. The shares are held by Honeywell International (100%).
Directors
According to the 2025 annual accounts
Geers Alex
Director
since 2023
Timmerman Joke
Chairman of the board
since 2023
Verhamme Ignace
Director
since 2023
Shareholders
Honeywell International
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hermeslaan 1H
1831 Machelen (Brab.)
Hermeslaan 1 box H
1831 Machelen (Brab.)
Active since 1 January 1973
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 →Honeywell
€ 119.4 million revenue · 2024
Compass Group Belgium
€ 237.4 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
- 0412.674.127
- VAT number
- BE 0412.674.127
- Registered office
- Hermeslaan 1H, 1831 Machelen (Brab.)
- Names & denominations
- Honeywell Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 October 1972
- Peppol
- Active · Active since 12 Nov 2025
- Activities · NACE
Coördinatiecentra
Activiteiten van hoofdkantoren