Warning lights
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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Shrinking team NBB
FTE fell two years in a row, from 130.6 to 33.8.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
AIR LIQUIDE MEDICAL from Zaventem, company number BE0436888493, closed financial year 2025 with a result of € 4.6 million after tax. For that financial year AIR LIQUIDE MEDICAL recorded revenue of € 33.6 million and equity of € 18.6 million. Compared with financial year 2024, the result moved from € 22.4 million to € 4.6 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 July 2, 2026.
€ 18.6 million
▲ 32% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.6 million
▼ 80% vs 2024
Profit after tax over the fiscal year.
€ 490,346
▲ € 487,677 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 € 16.7 million.
People and assets in 2025
33.8
▼ 83.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.5 million
▼ 66% vs 2024
€ 133,700 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.
€ 78,011
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.4 million
▲ 132% vs 2024
Loans from banks and other lenders, long and short.
€ 3.3 million
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 49 days on average.
€ 422,204
▼ 69% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 53,405,814 | € 57,562,247 | € 53,471,197 | € 33,628,816 | ▼ 37% |
| Profit after taxes | € 8,085,364 | € 8,236,510 | € 22,359,060 | € 4,556,482 | ▼ 80% |
| Equity | € 15,592,085 | € 19,433,355 | € 14,053,415 | € 18,555,332 | ▲ 32% |
| Total debts | € 19,689,021 | € 21,638,153 | € 10,087,843 | € 8,529,821 | ▼ 15% |
| Cash | € 13,237 | € 18,978 | € 2,669 | € 490,346 | ▲ € 487,677 |
| Land & buildings | € 316,968 | € 434,022 | € 299,131 | € 294,463 | ▼ 2% |
| Retained profit | € 13,587,456 | € 17,428,726 | € 12,098,786 | € 16,655,268 | ▲ 38% |
| Dividend | € 7,502,220 | € 4,395,240 | € 27,689,000 | € 0 | ▼ 100% |
| Bank debt | € 0 | € 6,540,983 | € 1,906,021 | € 4,421,512 | ▲ 132% |
| Balance sheet total | € 35,821,264 | € 41,628,713 | € 24,241,910 | € 27,187,374 | ▲ 12% |
| Employees (FTE) | 125.6 | 130.6 | 117.2 | 33.8 | ▼ 83.4 |
Key figures of AIR LIQUIDE MEDICAL, 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 AIR LIQUIDE MEDICAL?
What happened at AIR LIQUIDE MEDICAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alain LE BORGNE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 4.6 million (▼ 80% vs 2024). Source: NBB ↗
- Anne ROINSON stepped down as director. NBB
- Nesrine DJEBALI stepped down as director. NBB
- Vincent DAUCHY stepped down as director. NBB
- Emmanuel DEHAN stepped down as director. NBB
- Alain LE BORGNE became a director. NBB
- Anne ROINSON became a director. NBB
In short
From € 8.1 million profit in 2022 to € 4.6 million profit in 2025.
Paid € 15 million in corporate taxes since 2022.
Best year ever: 2024, with € 22.4 million profit.
Paid out € 39.6 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 L'Air Liquide Belge (99.7%) and L'Air Liquide Luxembourg (0.3%).
Directors
According to the 2025 annual accounts
Anne ROINSON
Managing director
since 2025 · until 2026
since 2025 · until 2026
since 2025 · until 2026
Emmanuel DEHAN
Director
since 2025 · until 2026
since 2026 · until 2027
Shareholders
99.7%
L'Air Liquide Luxembourg
0.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hermeslaan 11
1932 Zaventem
Tolhuisstraat 46
2627 Schelle
Active since 1 October 1971
Erasmuslaan 40
1804 Zemst
Active since 16 March 1989
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
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+12 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
- 0436.888.493
- VAT number
- BE 0436.888.493
- Registered office
- Hermeslaan 11, 1932 Zaventem
- Names & denominations
- AIR LIQUIDE MEDICAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 February 1989
- Peppol
- Active · Active since 15 Oct 2025
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