Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
Redwire Space from Beveren-Kruibeke-Zwijndrecht, company number BE0439039321, closed financial year 2024 with a result of € -4.5 million after tax. For that financial year Redwire Space recorded revenue of € 45.6 million and equity of € 1.1 million. Compared with financial year 2023, the result moved from € -4 million to € -4.5 million. The company made a loss. The buffer shrank hard: equity is 68 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 15, 2025.
€ 1.1 million
▼ 68% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.5 million
▼ 13 % more loss than in 2023
Profit after tax over the fiscal year.
€ 2.3 million
▼ 12% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.1 million.
People and assets in 2024
130.1
▲ 7.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 13.4 million
▲ 2% vs 2023
€ 103,300 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.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 18.1 million
▼ 16% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 164 days on average.
€ 2.4 million
▼ 29% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2022 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 44,744,608 | € 33,751,521 | € 56,170,208 | € 45,556,524 | ▼ 19% |
| Profit after taxes | € 4,467,793 | € 2,192,021 | € -3,996,962 | € -4,515,725 | ▼ € 518,763 |
| Equity | € 6,245,353 | € 7,437,374 | € 3,440,412 | € 1,114,687 | ▼ 68% |
| Total debts | € 33,768,904 | € 41,551,620 | € 33,052,114 | € 31,515,678 | ▼ 5% |
| Cash | € 14,037,445 | € 5,905,064 | € 2,639,627 | € 2,328,578 | ▼ 12% |
| Retained profit | € 5,245,353 | € 6,437,374 | € 2,440,412 | € -2,075,313 | ▼ € 4.5 million |
| Dividend | € 4,500,000 | € 1,000,000 | € 0 | € 0 | |
| Balance sheet total | € 40,242,926 | € 49,266,376 | € 36,831,221 | € 33,175,360 | ▼ 10% |
| Employees (FTE) | 107.5 | 118.7 | 122.5 | 130.1 | ▲ 7.6 |
Key figures of Redwire Space, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Redwire Space?
What happened at Redwire Space in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frank Preud'homme stepped down as director. NBB
- Mike Gold stepped down as director. NBB
- Erik Masure stepped down as director. NBB
- Peter Cannito JR stepped down as director. NBB
- Christopher Edmunds stepped down as director. NBB
- Jonathan Baliff stepped down as director. NBB
- Cederic Van Eccelpoel stepped down as director. NBB
- Tom Kinschots stepped down as director. NBB
In short
From € 4.5 million profit in 2022 to € 4.5 million loss in 2024.
Paid € 2.2 million in corporate taxes since 2022.
Best year ever: 2022, with € 4.5 million profit.
Paid out € 5.5 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 Redwire Space Europe LLC (100%). It owns 100% of Redwire Poland itself.
Directors
According to the 2024 annual accounts
Peter Cannito JR
Managing director
since 2022 · until 2028
Christopher Edmunds
Managing director
since 2022 · until 2028
since 2022 · until 2028
Cederic Van Eccelpoel
Director
since 2024 · until 2027
Mike Gold
Director
since 2025 · until 2028
Tom Kinschots
Director
since 2024 · until 2027
Erik Masure
Managing director
since 2022 · until 2028
Jonathan Baliff
Managing director
since 2022 · until 2028
Shareholders
Redwire Space Europe LLC
100%
Participations
Redwire Poland
100%
Establishments
Establishment units
Physical locations of this company
Hogenakkerhoekstraat 9
9150 Beveren-Kruibeke-Zwijndrecht
Hogenakkerhoekstraat 21
9150 Beveren-Kruibeke-Zwijndrecht
Active since 14 December 2005
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
GANDI-AS Domain name registrar - www.gandi.net, FR
Domain
Domain
redwirespace.eu
Registrar
GANDI
Website info
Features
Security
Details
- Company number
- 0439.039.321
- VAT number
- BE 0439.039.321
- Registered office
- Hogenakkerhoekstraat 9, 9150 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- Redwire Space
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 November 1989
- Peppol
- Active · Active since 18 Dec 2025
- Contact
- redwirespace.eu
- Activities · NACE
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