Sector · NACE 2825

Manufacture of non-domestic air conditioning equipment

288 Belgian companies whose main activity falls under NACE code 2825 have filed annual accounts. Their median solvency is 49.1% for financial year 2024.

Companies288
Median solvency49.1%
Median equity268,993 €
Median headcount (FTE)5.4
Founded in the last 3 years15

Sector medians

Computed by Idonis

Distribution across the sector's companies for financial year 2024: a quarter of companies sit below the 1st quartile, half below the median, three quarters below the 3rd quartile.

Indicator1st quartileMedian3rd quartileCompanies
Solvency 29.5%49.1%68.2% 263
Current ratio 1.241.722.93 260
ROE 4.4%14.5%32.2% 249
Equity 85,606 €268,993 €821,160 € 263
Total assets 205,385 €636,322 €€2.03m 263
Net result 8,003 €34,127 €116,564 € 263
Headcount (avg FTE) 2.05.418.0 163

Medians computed by Idonis from annual accounts filed with the National Bank, all sizes combined. The same panel is the sector benchmark on every company page. Method

Largest companies: Manufacture of non-domestic air conditioning equipment

Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.

#Company Total assetsRevenue EquityFTEYear
1 Daikin Europe N.V. 8400 Ostend €2.53bn €3.11bn €1.24bn 1,724.0 2026
2 Mayekawa Europe 1930 Zaventem €102.0m €107.2m €76.1m 85.9 2025
3 Baltimore Aircoil International 2220 Heist-op-den-Berg €75.1m €164.5m €13.9m 323.5 2025
4 Evapco Europe 3700 Tongeren-Borgloon €47.3m €46.2m €23.1m 161.9 2025
5 SKT 8900 Ypres €38.4m €49.1m €18.7m 85.3 2025
6 TLD Lebrun 7080 Frameries €31.5m €46.5m €1.20m 188.8 2025
7 ARCO 9160 Lokeren €25.3m €28.9m €12.4m 113.4 2025
8 Izen Energy Systems 2460 Kasterlee €24.0m €43.5m €10.6m 57.3 2025
9 BTN 4821 Dison €17.0m €31.1m €7.33m 153.5 2025
10 EcoWater Systems Europe 2250 Olen €15.9m €18.6m €13.3m 98.3 2025
11 VDL Klima Belgium 3930 Hamont-Achel €13.6m €14.9m €9.25m 61.9 2025
12 Polygon Belgium 2610 Antwerp €13.2m €7.98m €2.61m 57.1 2025
13 Technigroup 2200 Herentals €12.9m €24.6m €3.79m 103.9 2025
14 Alfa Technical Installations 9160 Lokeren €11.9m €36.6m €2.74m 99.7 2024
15 Etablissements Renkin 4340 Awans €11.4m €14.2m €3.16m 49.9 2025
16 Air - Clima 2550 Kontich €10.3m €17.9m €3.21m 34.3 2025
17 Desutter Marc Koeltechniek 8850 Ardooie €9.81m — €8.68m 0.5 2025
18 Sabcobel Heidi Frigos 9100 Sint-Niklaas €9.62m €23.9m €1.64m 89.2 2025
19 Cribotec 9968 Assenede €9.03m — €9.02m — 2025
20 Frigomil 1861 Meise €8.56m €20.2m €2.52m 55.2 2025

“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.

See all 288 companies, full list →

Where are they based?

  • Antwerp53
  • East Flanders48
  • West Flanders44
  • Liège28
  • Flemish Brabant26
  • Hainaut25
  • Limburg20
  • Brussels-Capital16
  • Namur12
  • Walloon Brabant11
  • Luxembourg5

Municipalities with the most

Related sectors

← The whole Manufacture of machinery and equipment n.e.c. sector (NACE 28)

Frequently asked questions

How many Manufacture of non-domestic air conditioning equipment companies are there in Belgium?

288 Belgian companies whose main activity falls under NACE code 2825 (Manufacture of non-domestic air conditioning equipment) have filed annual accounts with the National Bank.

What is the median solvency in Manufacture of non-domestic air conditioning equipment?

For financial year 2024, median solvency (equity over total assets) is 49.1%. The middle half of companies lies between 29.5% and 68.2% (263 companies).

What is the largest company in Manufacture of non-domestic air conditioning equipment?

By total assets, it is Daikin Europe N.V. (€2.53bn, financial year 2026).

Where are Manufacture of non-domestic air conditioning equipment companies based?

The municipalities with the most: Genk (5), Sint-Niklaas (5), Asse (4).

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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 13 Nov 2026.