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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
113 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Safran Aircraft Engine Services Brussels from Brussel, company number BE0464802323, closed financial year 2025 with a result of € -900,748 after tax. For that financial year Safran Aircraft Engine Services Brussels recorded revenue of € 632.5 million and equity of € 12.2 million. Compared with financial year 2024, the result moved from € -1.9 million to € -900,748. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 7, 2026.
€ 12.2 million
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -900,748
▲ 54 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 7.6 million.
People and assets in 2025
397.6
▲ 91.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 34 million
▲ 21% vs 2024
€ 85,600 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.
€ 1.4 million
▲ 104% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 172.5 million
▲ 4% vs 2024
Loans from banks and other lenders, long and short.
€ 76.6 million
▲ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 43 days on average.
€ 8.3 million
▲ 23% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 104,619,554 | € 207,585,808 | € 452,536,154 | € 632,452,089 | ▲ 40% |
| Profit after taxes | € 1,692,383 | € 360,329 | € -1,948,535 | € -900,748 | ▲ € 1 million |
| Equity | € 14,719,660 | € 15,079,989 | € 13,131,454 | € 12,230,706 | ▼ 7% |
| Total debts | € 64,771,350 | € 158,538,778 | € 245,729,394 | € 388,304,615 | ▲ 58% |
| Retained profit | € 10,039,660 | € 10,399,989 | € 8,451,454 | € 7,550,706 | ▼ 11% |
| Dividend | € 1,500,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 24,095,011 | € 110,802,746 | € 166,126,083 | € 172,525,110 | ▲ 4% |
| Balance sheet total | € 80,802,687 | € 174,932,431 | € 260,097,832 | € 401,590,071 | ▲ 54% |
| Employees (FTE) | 213.6 | 224.7 | 306.5 | 397.6 | ▲ 91.1 |
Key figures of Safran Aircraft Engine Services Brussels, 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 Safran Aircraft Engine Services Brussels?
What happened at Safran Aircraft Engine Services Brussels in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michel DENNEULIN stepped down as director. NBB
- Alexandre MULE stepped down as director. NBB
- Arnaud HAQUIN stepped down as director. NBB
- Christophe PLISSON stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 900,748. Source: NBB ↗
- Alexandre MULE became a director. NBB
- Ricardo Gentil PEIXOTO DA COSTA stepped down as director. NBB
- Christophe PLISSON became a director. NBB
In short
From € 1.7 million profit in 2022 to € 900,748 loss in 2025.
Paid € 147,868 in corporate taxes since 2022.
Best year ever: 2022, with € 1.7 million profit.
Paid out € 1.5 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 SNECMA PARTICIPATIONS (100%) and ETABLISSEMENTS VALLAROCHE (0%).
Directors
According to the 2025 annual accounts
Ricardo Gentil PEIXOTO DA COSTA
Managing director
since 2021 · until 2025
Nicolas COSTER
Director
since 2022 · until 2025
Michel DENNEULIN
Director
since 2023 · until 2027
Alexandre MULE
Managing director
since 2025 · until 2027
Arnaud HAQUIN
Chairman of the board
since 2023 · until 2027
Christophe PLISSON
Director
since 2025 · until 2027
Shareholders
SNECMA PARTICIPATIONS
100%
ETABLISSEMENTS VALLAROCHE
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Congresstraat 35
1000 Brussel
Luchthaven Brussel Nationaal ZN
1930 Zaventem
Active since 22 January 1999
Vliegveld 118
1820 Steenokkerzeel
Active since 29 February 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 113 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Canonical: https://www.safran-group.com/companies/safran-aircraft-engines
Technologies
Certifications & Partners
Hosting & Email
Email provider
Self-hosted
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
Domain
Domain
safran-aircraft-engines.com
Registered
2016-03-24
Registrar
CSC Corporate Domains, Inc.
Expires
2026-03-24
Website info
Features
Security
Details
- Company number
- 0464.802.323
- VAT number
- BE 0464.802.323
- Registered office
- Congresstraat 35, 1000 Brussel
- Names & denominations
- Safran Aircraft Engine Services Brussels
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 December 1998
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- safran-aircraft-engines.com
- Activities · NACE
Reparatie en onderhoud van civiele lucht- en ruimtevaartuigen
Vervaardiging van lucht- en ruimtevaartuigen
Diensten in verband met de luchtvaart
Overige ondersteunende activiteiten i.v.m. de luchtvaart