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 18.4 to 13.8.
Financials
Financial year 2025
AIR PRODUCTS MANAGEMENT from Machelen (Brab.), company number BE0436878991, closed financial year 2025 with a result of € 12.8 million after tax. For that financial year AIR PRODUCTS MANAGEMENT recorded a gross margin of € 3 million and equity of € 446.6 million. Compared with financial year 2024, the result moved from € 13.6 million to € 12.8 million. The company is profitable. 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 April 8, 2026.
€ 446.6 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12.8 million
▼ 6% vs 2024
Profit after tax over the fiscal year.
€ 0
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 207.5 million.
People and assets in 2025
13.8
▼ 3.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.7 million
▼ 26% vs 2024
€ 193,600 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
None
No bank loans on the last day of the fiscal year.
€ 74,897
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 971,129
▼ 31% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,247,830 | € 3,583,717 | € 4,701,670 | - | |
| Gross margin | - | - | - | € 2,973,000 | |
| Profit after taxes | € 7,612,871 | € 11,905,150 | € 13,610,066 | € 12,762,066 | ▼ 6% |
| Equity | € 408,362,290 | € 420,267,439 | € 433,877,505 | € 446,639,572 | ▲ 3% |
| Total debts | € 257,887,618 | € 285,233,761 | € 280,201,788 | € 367,721,423 | ▲ 31% |
| Retained profit | € 169,237,290 | € 181,142,439 | € 194,752,505 | € 207,514,572 | ▲ 7% |
| Balance sheet total | € 666,249,907 | € 705,501,201 | € 714,079,293 | € 814,360,994 | ▲ 14% |
| Employees (FTE) | 17.8 | 18.4 | 16.9 | 13.8 | ▼ 3.1 |
Key figures of AIR PRODUCTS MANAGEMENT, 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 AIR PRODUCTS MANAGEMENT?
What happened at AIR PRODUCTS MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 12.8 million (▼ 6% vs 2024). Source: NBB ↗
- Sonia Araujo became a director. NBB
- José Bernardo Escorihuela Urbina became a director. NBB
- Erik De Vos became a director. NBB
- New establishment in Vilvoorde. KBO
- New establishment in Vilvoorde. KBO
- New establishment in Sombreffe. KBO
- New establishment in Machelen (Brab.). KBO
In short
From € 7.6 million profit in 2022 to € 12.8 million profit in 2025.
Paid € 15.5 million in corporate taxes since 2022.
Best year ever: 2024, with € 13.6 million profit.
On average € 215,400 of value added per employee in 2025.
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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 AIR PRODUCTS MANAGEMENT are Erik De Vos, José Bernardo Escorihuela Urbina and Sonia Araujo. The shares are held by Air Products NV (59.1%) and Air Products Canada Ltd (40.9%).
Directors
According to the 2025 annual accounts
since 2015
José Bernardo Escorihuela Urbina
Director
since 2022
since 2024
Shareholders
59.1%
Air Products Canada Ltd
40.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Leonardo da Vincilaan 19C box 4
1831 Machelen (Brab.)
Leonardo da Vincilaan 19
1831 Machelen (Brab.)
Active since 13 April 1989
Willemsstraat (Jan Frans) 100
1800 Vilvoorde
Active since 1 May 1989
Rue de la Spinette, Boig. SN
5140 Sombreffe
Active since 1 May 1989
Houtemsesteenweg 20
1800 Vilvoorde
Active since 1 January 2010
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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.
Details
- Company number
- 0436.878.991
- VAT number
- BE 0436.878.991
- Registered office
- Leonardo da Vincilaan 19C bus 4, 1831 Machelen (Brab.)
- Names & denominations
- AIR PRODUCTS MANAGEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 February 1989
- Peppol
- Active · Active since 3 Mar 2026
- Activities · NACE
Activiteiten van hoofdkantoren
Coördinatiecentra