Manufacture of industrial gases: highest published revenue
23 Belgian companies in the sector (NACE 2011) publish their revenue in recent accounts; here are the top 20. Air Liquide Industries Belgium leads with €573.8m (financial year 2025).
Top 20
Ranked by revenue published in the latest filed accounts (accounts less than 3 years old).
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | Air Liquide Industries Belgium 1932 Zaventem | €475.8m | €573.8m | €265.2m | 269.4 | 2025 |
| 2 | INOVYN Manufacturing Belgium 5190 Jemeppe-sur-Sambre | €460.1m | €396.8m | €97.2m | 657.0 | 2025 |
| 3 | Air Liquide Large Industry 1932 Zaventem | €164.3m | €283.6m | €125.7m | 54.9 | 2025 |
| 4 | Air Products 1831 Machelen (Brab.) | €704.4m | €220.8m | €631.3m | 258.3 | 2025 |
| 5 | Nippon Sanso Belgium 2250 Olen | €238.1m | €174.1m | €183.4m | 279.3 | 2026 |
| 6 | DOW Silicones Belgium 7180 Seneffe | €345.8m | €131.8m | €129.3m | 440.2 | 2025 |
| 7 | L'Air liquide Belge 1932 Zaventem | €86.7m | €126.7m | €43.8m | 304.7 | 2025 |
| 8 | TotalEnergies Petrochemicals Feluy 7181 Seneffe | €160.5m | €74.0m | €98.2m | 385.7 | 2025 |
| 9 | Nouryon Chemicals 7011 Mons | €93.2m | €65.7m | €66.9m | 191.3 | 2025 |
| 10 | Messer Belgium 2070 Beveren-Kruibeke-Zwijndrecht | €68.6m | €55.3m | €54.8m | 93.1 | 2025 |
| 11 | Balchem 1850 Grimbergen | €34.6m | €32.4m | €10.6m | 36.7 | 2025 |
| 12 | Vital Materials Belgium 1495 Villers-la-Ville | €16.6m | €27.1m | €3.04m | 46.4 | 2024 |
| 13 | Sensient Flavors Belgium 3001 Leuven | €23.0m | €23.6m | €20.5m | 48.9 | 2025 |
| 14 | Volcke Aerosol Belgium 8520 Kuurne | €11.8m | €22.7m | €6.66m | 46.5 | 2026 |
| 15 | Galco 1090 Jette | €10.3m | €17.8m | €2.55m | 9.6 | 2025 |
| 16 | Sol B 7860 Lessines | €13.4m | €12.9m | €8.47m | 24.3 | 2025 |
| 17 | Vaneflon 9220 Hamme (Vl.) | €8.28m | €11.9m | €2.23m | 41.9 | 2025 |
| 18 | Greenco2 2070 Beveren-Kruibeke-Zwijndrecht | €12.9m | €6.43m | 61,500 € | — | 2025 |
| 19 | Serpo 9100 Sint-Niklaas | €8.85m | €6.38m | €7.00m | 15.4 | 2025 |
| 20 | Gestimat Belgium 1090 Jette | €4.12m | €4.98m | 395,941 € | 17.9 | 2025 |
These are the revenue figures published in the annual accounts. Small companies (micro and abridged accounts) do not have to publish theirs: they do not appear in this ranking.
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Frequently asked questions
Which company in Manufacture of industrial gases has the highest revenue?
Air Liquide Industries Belgium, with €573.8m in revenue (financial year 2025).
How many Manufacture of industrial gases companies publish their revenue?
23 out of 37, in accounts less than 3 years old. Small companies (micro and abridged accounts) are not required to publish it.
Analyse companies in Manufacture of industrial gases
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Open the full file →Active companies (legal entities) that have filed at least one set of annual accounts, based on the Crossroads Bank for Enterprises and the National Bank of Belgium. The sector is the main activity in the register; the municipality is that of the registered office. Data updated on 14 Nov 2026.