Financials
Financial year 2025
THALES BELGIUM from Herstal, company number BE0434342145, closed financial year 2025 with a result of € 66.6 million after tax. For that financial year THALES BELGIUM recorded revenue of € 436.9 million and equity of € 67.6 million. Compared with financial year 2024, the result moved from € 23.4 million to € 66.6 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 67.6 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 66.6 million
▲ 184% vs 2024
Profit after tax over the fiscal year.
€ 148.3 million
▲ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 62.6 million paid out
94 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
450.5
▲ 84.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 53.5 million
▲ 21% vs 2024
€ 118,900 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.
€ 3 million
▲ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.8 million
Loans from banks and other lenders, long and short.
€ 78.9 million
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 99 days on average.
€ 19.7 million
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 121,041,018 | € 154,035,202 | € 231,711,903 | € 436,887,508 | ▲ 89% |
| Profit after taxes | € 7,903,820 | € 12,214,268 | € 23,449,560 | € 66,573,951 | ▲ 184% |
| Equity | € 42,972,818 | € 46,689,361 | € 61,060,561 | € 67,589,544 | ▲ 11% |
| Total debts | € 100,904,320 | € 194,078,627 | € 301,671,738 | € 346,513,969 | ▲ 15% |
| Cash | € 2,102,220 | € 763,911 | € 102,553,176 | € 148,341,247 | ▲ 45% |
| Land & buildings | € 2,855,460 | € 3,316,744 | € 8,825,810 | € 9,714,754 | ▲ 10% |
| Retained profit | € 8,660,970 | € 11,552,973 | € 20,107,225 | € 24,041,632 | ▲ 20% |
| Dividend | € 6,702,580 | € 9,322,266 | € 14,895,307 | € 62,639,544 | ▲ € 47.7 million |
| Bank debt | € 500,000 | € 500,000 | € 0 | € 5,788,564 | |
| Balance sheet total | € 147,281,089 | € 250,838,235 | € 371,756,410 | € 450,121,611 | ▲ 21% |
| Employees (FTE) | 281.6 | 307.1 | 366 | 450.5 | ▲ 84.5 |
Key figures of THALES 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 THALES BELGIUM?
What happened at THALES BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Didier BOULET stepped down as director. NBB
- Cédric LEURQUIN stepped down as director. NBB
- Alain QUEVRIN stepped down as director. NBB
- Marc DARMON stepped down as director. NBB
- Guillaume RICHARD stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 66.6 million (▲ 184% vs 2024). Source: NBB ↗
- Didier BOULET became a director. NBB
- Patricia VIVIANI-MAYER stepped down as director. NBB
In short
From € 7.9 million profit in 2022 to € 66.6 million profit in 2025.
Paid € 42.2 million in corporate taxes since 2022.
Best year ever: 2025, with € 66.6 million profit.
Paid out € 93.6 million in dividends to the owners in total.
Management
It owns 100% of Aviovision and 30% of Logistic Support For Land Systems itself.
Directors
According to the 2025 annual accounts
Patricia VIVIANI-MAYER
Director
since 2022 · until 2025
Cédric LEURQUIN
Director
since 2024 · until 2030
Alain QUEVRIN
Managing director
since 2024 · until 2030
Guillaume RICHARD
Director
since 2021 · until 2027
Marc DARMON
Chairman of the board
since 2024 · until 2030
Didier BOULET
Director
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Rue En Bois 63
4040 Herstal
Rue du Fort(EVE) 16
4631 Soumagne
Active since 4 July 1988
Rue des Frères Taymans 28
1480 Tubize
Active since 1 January 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0434.342.145
- VAT number
- BE 0434.342.145
- Registered office
- Rue En Bois 63, 4040 Herstal
- Names & denominations
- THALES BELGIUM · TBE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 June 1988
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
Vervaardiging van lichte wapens en sportwapens
Vervaardiging van wapens en munitie
Vervaardiging van zware wapens en oorlogswapens
Niet-gespecialiseerde groothandel
Overige groothandel