What does Baltimore Aircoil International do?

Baltimore Aircoil International is a machinery manufacturer in Heist-op-den-Berg. Public Limited, started on 7 July 1988, 1 establishment.

What is the address of Baltimore Aircoil International?

The registered office of Baltimore Aircoil International is located at Industriepark ZN, 2220 Heist-op-den-Berg.

Is Baltimore Aircoil International still active?

Yes. According to the CBE (16 September 2026) Baltimore Aircoil International is active, legal situation “Normale toestand”, started on 7 July 1988.

Is Baltimore Aircoil International registered on Peppol?

Yes, Baltimore Aircoil International is registered on the Peppol network with ID 0208:0434839320.

What is the enterprise number of Baltimore Aircoil International?

The enterprise number of Baltimore Aircoil International is BE0434839320.

When was Baltimore Aircoil International founded?

Baltimore Aircoil International was founded on 7 July 1988.

Who are the directors of Baltimore Aircoil International?

According to the 2025 annual accounts, the directors of Baltimore Aircoil International are: David Jacobs, Ronny Cannaerts, Voluntas Consultancy BV, Gert Aerts, Veerle Proost.

Is Baltimore Aircoil International a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 7 July 1988; 4 annual accounts filed, latest fiscal year 2025; 5 directors known from the annual account.

How much profit did Baltimore Aircoil International make in 2025?

Baltimore Aircoil International posted a profit after taxes of € 1,223,516 in financial year 2025.

What is the revenue of Baltimore Aircoil International?

In its most recent annual accounts (2025), Baltimore Aircoil International reported revenue of € 164,519,544.

How much does an employee at Baltimore Aircoil International earn?

The average wage cost per full-time employee at Baltimore Aircoil International was € 91,100 in 2025: staff costs of € 29.5 million for 323.5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Baltimore Aircoil International have?

According to the 2025 annual accounts, Baltimore Aircoil International has 323.5 full-time equivalents (FTE).

Baltimore Aircoil International (Public Limited)

Dossier Baltimore Aircoil International, printed on 16 September 2026 from databakkes.be/en/0434839320/baltimore-aircoil-international. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Baltimore Aircoil International from Heist-op-den-Berg, company number BE0434839320, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year Baltimore Aircoil International recorded revenue of € 164.5 million and equity of € 13.9 million. Compared with financial year 2024, the result moved from € 6.7 million to € 1.2 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 March 26, 2026.

What it is worth Growing

€ 13.9 million

▲ 10% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 1.2 million

▼ 82% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 6.6 million

▲ 1% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 11 million.

People and assets in 2025

Full-time equivalents

323.5

▲ 5.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 58.4 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 29.5 million

▲ 8% vs 2024

€ 91,100 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.

Vehicles and equipment

€ 70,611

▼ 24% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 889,483

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 48.1 million

▲ 16% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 129 days on average.

Taxes and wages

€ 7.9 million

▼ 9% vs 2024

Taxes, VAT and social contributions still to pay.

Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 131,630,091 Revenue 2022: € 131,630,091 First fiscal year in the series	€ 149,508,814 Revenue 2023: € 149,508,814 ▲ 14% vs 2022 (€ 131,630,091) Favourable step	€ 151,348,676 Revenue 2024: € 151,348,676 ▲ 1% vs 2023 (€ 149,508,814) Favourable step	€ 164,519,544 Revenue 2025: € 164,519,544 ▲ 9% vs 2024 (€ 151,348,676) Favourable step	▲ 9%
Profit after taxes	€ 1,359,006 Profit after taxes 2022: € 1,359,006 First fiscal year in the series	€ 6,495,062 Profit after taxes 2023: € 6,495,062 ▲ € 5.1 million vs 2022 (€ 1,359,006) Favourable step	€ 6,719,163 Profit after taxes 2024: € 6,719,163 ▲ 3% vs 2023 (€ 6,495,062) Favourable step	€ 1,223,516 Profit after taxes 2025: € 1,223,516 ▼ 82% vs 2024 (€ 6,719,163) Unfavourable step	▼ 82%
Equity	€ 5,980,945 Equity 2022: € 5,980,945 First fiscal year in the series	€ 10,476,007 Equity 2023: € 10,476,007 ▲ 75% vs 2022 (€ 5,980,945) Favourable step	€ 12,695,170 Equity 2024: € 12,695,170 ▲ 21% vs 2023 (€ 10,476,007) Favourable step	€ 13,918,686 Equity 2025: € 13,918,686 ▲ 10% vs 2024 (€ 12,695,170) Favourable step	▲ 10%
Total debts	€ 56,995,755 Total debts 2022: € 56,995,755 First fiscal year in the series	€ 64,102,928 Total debts 2023: € 64,102,928 ▲ 12% vs 2022 (€ 56,995,755) Unfavourable step	€ 55,309,177 Total debts 2024: € 55,309,177 ▼ 14% vs 2023 (€ 64,102,928) Favourable step	€ 60,887,211 Total debts 2025: € 60,887,211 ▲ 10% vs 2024 (€ 55,309,177) Unfavourable step	▲ 10%
Cash	€ 6,158,199 Cash 2022: € 6,158,199 First fiscal year in the series	€ 17,174,569 Cash 2023: € 17,174,569 ▲ 179% vs 2022 (€ 6,158,199) Favourable step	€ 6,557,557 Cash 2024: € 6,557,557 ▼ 62% vs 2023 (€ 17,174,569) Unfavourable step	€ 6,645,828 Cash 2025: € 6,645,828 ▲ 1% vs 2024 (€ 6,557,557) Favourable step	▲ 1%
Land & buildings	€ 1,394,940 Land & buildings 2022: € 1,394,940 First fiscal year in the series	€ 1,744,127 Land & buildings 2023: € 1,744,127 ▲ 25% vs 2022 (€ 1,394,940) Unchanged	€ 1,798,832 Land & buildings 2024: € 1,798,832 ▲ 3% vs 2023 (€ 1,744,127) Unchanged	€ 2,858,048 Land & buildings 2025: € 2,858,048 ▲ 59% vs 2024 (€ 1,798,832) Unchanged	▲ 59%
Retained profit	€ 3,060,945 Retained profit 2022: € 3,060,945 First fiscal year in the series	€ 7,556,007 Retained profit 2023: € 7,556,007 ▲ 147% vs 2022 (€ 3,060,945) Favourable step	€ 9,775,170 Retained profit 2024: € 9,775,170 ▲ 29% vs 2023 (€ 7,556,007) Favourable step	€ 10,998,686 Retained profit 2025: € 10,998,686 ▲ 13% vs 2024 (€ 9,775,170) Favourable step	▲ 13%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 2,000,000 Dividend 2023: € 2,000,000 Unchanged (€ 0) Unchanged	€ 4,500,000 Dividend 2024: € 4,500,000 ▲ 125% vs 2023 (€ 2,000,000) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 4,500,000) Unchanged	▼ 100%
Bank debt	€ 798,500 Bank debt 2022: € 798,500 First fiscal year in the series	€ 333,333 Bank debt 2023: € 333,333 ▼ 58% vs 2022 (€ 798,500) Favourable step	€ 0 Bank debt 2024: € 0 ▼ 100% vs 2023 (€ 333,333) Favourable step	€ 889,483 Bank debt 2025: € 889,483 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 63,294,026 Balance sheet total 2022: € 63,294,026 First fiscal year in the series	€ 74,902,060 Balance sheet total 2023: € 74,902,060 ▲ 18% vs 2022 (€ 63,294,026) Unchanged	€ 68,300,572 Balance sheet total 2024: € 68,300,572 ▼ 9% vs 2023 (€ 74,902,060) Unchanged	€ 75,112,422 Balance sheet total 2025: € 75,112,422 ▲ 10% vs 2024 (€ 68,300,572) Unchanged	▲ 10%
Employees (FTE)	304.5 Employees (FTE) 2022: 304.5 First fiscal year in the series	308.8 Employees (FTE) 2023: 308.8 ▲ 4.3 vs 2022 (304.5) Unchanged	318.4 Employees (FTE) 2024: 318.4 ▲ 9.6 vs 2023 (308.8) Unchanged	323.5 Employees (FTE) 2025: 323.5 ▲ 5.1 vs 2024 (318.4) Unchanged	▲ 5.1

Key figures of Baltimore Aircoil International, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.

What happened to Baltimore Aircoil International?

What happened at Baltimore Aircoil International in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 Voluntas Consultancy BV stepped down as director. NBB
2030 Gert Aerts stepped down as director. NBB
2030 Veerle Proost stepped down as director. NBB
Mar 26, 2026 New annual accounts for financial year 2025: profit of € 1.2 million (▼ 82% vs 2024). Source: NBB ↗
2025 David Jacobs stepped down as director. NBB
2025 Ronny Cannaerts stepped down as director. NBB
2025 Voluntas Consultancy BV became a director. NBB
2025 Gert Aerts became a director. NBB

In short

From € 1.4 million profit in 2022 to € 1.2 million profit in 2025.

Paid € 5.4 million in corporate taxes since 2022.

Best year ever: 2024, with € 6.7 million profit.

Paid out € 6.5 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

A new publication or filing at Baltimore Aircoil International? We notify you, reason included.

Follow Baltimore Aircoil International

Databakkes Pro

Know what changes at your customers, suppliers and competitors. Without reading an annual account.

Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.

Yes, I want that

See what a followed company gets: the De Lijn dossier

Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.

My folder 3 companies

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

Real filings at the National Bank

Management

Baltimore Aircoil International

Baltimore Aircoil ooo 100%

Baltimore Aircoil Belgium NV 100%

Baltimore Aircoil Deutschland GmbH 100%

Baltimore Aircoil France SAS 100%

It owns 100% of Baltimore Aircoil ooo, 100% of Baltimore Aircoil Belgium NV, 100% of Baltimore Aircoil Deutschland GmbH, 100% of Baltimore Aircoil France SAS, 100% of Baltimore Aircoil Iberica SA and 1% of Baltimore Aircoil S.r.l. itself.

See the full network in the app

Directors

According to the 2025 annual accounts

David Jacobs

Managing director

Also active at: Baltimore Aircoil Belgium

since 2024 · until 2025

Ronny Cannaerts

Director

since 2024 · until 2025

Voluntas Consultancy BV

Managing director · represented by David Jacobs

Also active at: Baltimore Aircoil Belgium

since 2025 · until 2030

Gert Aerts

Director

since 2025 · until 2030

Veerle Proost

Director

Also active at: Baltimore Aircoil Belgium

since 2024 · until 2030

Establishments

Establishment units

Physical locations of this company

Registered office

Industriepark ZN

2220 Heist-op-den-Berg

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0434.839.320

VAT number

BE 0434.839.320

Registered office

Industriepark ZN, 2220 Heist-op-den-Berg

Names & denominations

Baltimore Aircoil International

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

7 July 1988

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Vervaardiging van machines en apparaten voor klimaatregeling, voor niet-huishoudelijk gebruik

Vervaardiging van uitrusting voor de koeltechniek en klimaatregeling, voor niet-huishoudelijk gebruik

View on CBE Public ↗ Annual accounts (NBB) ↗

Baltimore Aircoil International

Financials

What happened to Baltimore Aircoil International?

Know what changes at your customers, suppliers and competitors. Without reading an annual account.

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions