Financials
Financial year 2025
Kingspan Light + Air Belgium from Sint-Niklaas, company number BE0867414778, closed financial year 2025 with a result of € 1.7 million after tax. For that financial year Kingspan Light + Air Belgium recorded revenue of € 41.8 million and equity of € 12.2 million. Compared with financial year 2024, the result moved from € -372,351 to € 1.7 million. Profitable, and profit is growing. 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 25, 2026.
€ 12.2 million
▼ 39% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.7 million
▲ still € 372,351 loss in 2024
Profit after tax over the fiscal year.
€ 4.2 million
▼ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 9.4 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
167.7
▲ 10.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 14.1 million
▲ 8% vs 2024
€ 83,900 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.
€ 2.3 million
▼ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3.2 million
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 48 days on average.
€ 3.1 million
▲ 29% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 40,077,508 | € 41,590,799 | € 36,780,317 | € 41,758,032 | ▲ 14% |
| Profit after taxes | € 1,590,791 | € 1,890,589 | € -372,351 | € 1,687,314 | ▲ € 2.1 million |
| Equity | € 18,381,283 | € 20,271,873 | € 19,899,522 | € 12,164,848 | ▼ 39% |
| Total debts | € 15,112,947 | € 14,970,463 | € 12,472,452 | € 11,282,927 | ▼ 10% |
| Cash | € 8,402,781 | € 12,374,056 | € 7,940,973 | € 4,236,171 | ▼ 47% |
| Land & buildings | € 463,507 | € 463,507 | € 463,507 | € 463,507 | |
| Retained profit | € 15,962,336 | € 17,852,925 | € 17,480,574 | € 9,745,901 | ▼ 44% |
| Dividend | € 0 | € 0 | € 0 | € 9,421,988 | |
| Balance sheet total | € 33,939,320 | € 35,543,424 | € 32,658,063 | € 23,928,851 | ▼ 27% |
| Employees (FTE) | 137.7 | 150 | 157.1 | 167.7 | ▲ 10.6 |
Key figures of Kingspan Light + Air Belgium, 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 Kingspan Light + Air Belgium?
What happened at Kingspan Light + Air Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Liam McDaniel stepped down as director. NBB
- Similan BV stepped down as director. NBB
- Michael Kennedy stepped down as director. NBB
- Raoul Eugene Roth stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.7 million. Source: NBB ↗
- Liam McDaniel became a director. NBB
- Similan BV became a director. NBB
- Michael Kennedy became a director. NBB
In short
From € 1.6 million profit in 2022 to € 1.7 million profit in 2025.
Paid € 2.9 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.9 million profit.
Paid out € 9.4 million in dividends to the owners in total.
Management
The shares are held by Joris Ide.
Directors
According to the 2025 annual accounts
Liam McDaniel
Director
since 2023 · until 2029
Raoul Eugene Roth
Director
since 2022 · until 2028
Managing director · represented by Koen De Maeght
since 2023 · until 2029
Michael Kennedy
Director
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Anthonis De Jonghestraat 50
9100 Sint-Niklaas
Gontrode Heirweg 300
9090 Merelbeke-Melle
Active since 6 July 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0867.414.778
- VAT number
- BE 0867.414.778
- Registered office
- Anthonis De Jonghestraat 50, 9100 Sint-Niklaas
- Names & denominations
- Kingspan Light + Air Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 September 2004
- Peppol
- Active · Active since 15 Dec 2025
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