Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
Sabena Aerospace Engineering from Sint-Lambrechts-Woluwe, company number BE0465150137, closed financial year 2025 with a result of € 7.8 million after tax. For that financial year Sabena Aerospace Engineering recorded revenue of € 117.3 million and equity of € 26.8 million. Compared with financial year 2024, the result moved from € 6.1 million to € 7.8 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 24, 2026.
€ 26.8 million
▲ 41% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7.8 million
▲ 28% vs 2024
Profit after tax over the fiscal year.
€ 19.4 million
▲ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 16.3 million.
People and assets in 2025
621.1
▲ 22.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 46.3 million
▲ 7% vs 2024
€ 74,500 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.
€ 6.7 million
▲ 170% vs 2024
Of which on lease € 6.2 million.
Debts at end 2025
€ 49.4 million
▲ 7% vs 2024
€ 1.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 26 years.
€ 36.6 million
▲ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 189 days on average.
€ 13.3 million
▲ 22% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 98,282,029 | € 95,709,653 | € 124,946,360 | € 117,291,731 | ▼ 6% |
| Profit after taxes | € -8,179,915 | € 1,377,434 | € 6,109,356 | € 7,820,784 | ▲ 28% |
| Equity | € 11,527,368 | € 12,904,802 | € 19,014,158 | € 26,834,942 | ▲ 41% |
| Total debts | € 115,388,648 | € 101,745,764 | € 105,507,219 | € 119,807,758 | ▲ 14% |
| Cash | € 14,079,177 | € 5,422,885 | € 15,708,747 | € 19,350,821 | ▲ 23% |
| Land & buildings | € 1,353,648 | € 1,335,283 | € 1,451,895 | € 1,832,429 | ▲ 26% |
| Retained profit | € 1,041,753 | € 2,419,187 | € 8,528,543 | € 16,349,327 | ▲ 92% |
| Bank debt | € 42,364,514 | € 43,666,124 | € 46,051,717 | € 49,430,551 | ▲ 7% |
| Balance sheet total | € 128,745,358 | € 115,747,469 | € 124,830,599 | € 146,728,624 | ▲ 18% |
| Employees (FTE) | 605.7 | 609.9 | 599 | 621.1 | ▲ 22.1 |
Key figures of Sabena Aerospace Engineering, 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 Sabena Aerospace Engineering?
What happened at Sabena Aerospace Engineering in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- B-Global Management SRL stepped down as director. NBB
- SERGIO CALANDRI stepped down as director. NBB
- KOENRAAD VAN LOO stepped down as director. NBB
- ERIK VAN OCKENBURG stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 7.8 million (▲ 28% vs 2024). Source: NBB ↗
- And One Management SRL stepped down as director. NBB
- SFPIM SA stepped down as director. NBB
- MARC ROCHET stepped down as director. NBB
In short
From € 8.2 million loss in 2022 to € 7.8 million profit in 2025.
Paid € 1.8 million in corporate taxes since 2022.
Best year ever: 2025, with € 7.8 million profit.
Pays suppliers within 189 days on average.
Management
The stake of Orizio comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Sabena Aerospace EngineeringThe shares are held by Orizio (100%). It owns 100% of Sabena Engineering Brussels, 100% of Sabena Maintenance International, 100% of Sabena Aerospace Technologies, 99.8% of SABENA MAINTENANCE TANZANIA, 99.5% of Sabena Aerospace International and 99.3% of SABENA AEROSPACE CONGO itself.
Directors
According to the 2025 annual accounts
SERGIO CALANDRI
Director
Also active at: Société Anonyme Belge de Constructions Aéronautiques, Pesio
since 2024 · until 2029
KOENRAAD VAN LOO
Director
Also active at: Société Anonyme Belge de Constructions Aéronautiques, FPIM International - SFPI Internationaal - SFPIM International, Thaumas, Capricorn Fusion China Fund, Euroports Group, Orizio
since 2024 · until 2029
Director · represented by OLIVIER HENIN
Also active at: Société Anonyme Belge de Constructions Aéronautiques, Orizio, Orizio Re
since 2020 · until 2026
Director · represented by TOM FEYS
Also active at: Aviapartner Belgium, Société Anonyme Belge de Constructions Aéronautiques, Société Nationale de Construction Aérospatiale, COMETSAMBRE, ASCO INDUSTRIES, ZEPHYR - FIN, reMYND, NANOCYL +58 more
since 2025 · until 2026
since 2024 · until 2029
TOM FEYS
Director
Also active at: Société Anonyme Belge de Constructions Aéronautiques, Scale-Ups.eu, Orizio, Relaunch for the Future
since 2020 · until 2025
MARC ROCHET
Director
since 2020 · until 2026
Managing director · represented by STEPHANE BURTON
Also active at: AANNEMINGSMAATSCHAPPIJ CFE, SOPARTEC, Société Anonyme Belge de Constructions Aéronautiques, Sabena Aerospace Technologies, Sabena Engineering Brussels, Air Belgium, IMMO SECO, SECO GROUP +5 more
since 2025 · until 2031
Shareholders
100%
Participations
SABENA MAINTENANCE TANZANIA
99.8%
Sabena Aerospace International
99.5%
SABENA AEROSPACE CONGO
99.3%
SABENA AEROSPACE ZIMBABWE
98%
MAINTENANCE AERO MAROC MAM
66%
SA@EC
51%
SABENA AEROSPACE MAURITANIA
51%
50%
Establishments
Establishment units
Physical locations of this company
Emmanuel Mounierlaan 2
1200 Sint-Lambrechts-Woluwe
Luchthaven Brussel Nationaal ZN
1930 Zaventem
Active since 11 February 1999
Rue des Fusillés 11
6040 Charleroi
Active since 11 March 2005
Haachtsesteenweg 1470
1130 Brussel
Active since 2 January 2025
Vliegveld 117
1820 Steenokkerzeel
Active since 2 January 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →SABENA HOTELS
€ -17,891 gross margin · 2025
SABENA
FONDS SOCIAL SABENA - Groupes a Risque - SOCIAAL FONDS SABENA -Risicogroepen
NEWPOINT AVIATION
€ -417 gross margin · 2025
Sabena Building
€ -17,213 gross margin · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0465.150.137
- VAT number
- BE 0465.150.137
- Registered office
- Emmanuel Mounierlaan 2, 1200 Sint-Lambrechts-Woluwe
- Names & denominations
- Sabena Aerospace Engineering
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 January 1999
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van lucht- en ruimtevaartuigen
Reparatie en onderhoud van civiele lucht- en ruimtevaartuigen
Vervaardiging van civiele lucht- en ruimtevaartuigen en van toestellen in verband daarmee
Vervaardiging van lucht- en ruimtevaartuigen en van toestellen in verband daarmee
Diensten in verband met de luchtvaart
Overige ondersteunende activiteiten i.v.m. de luchtvaart