Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 270.1 to 217.
Financials
Financial year 2025
JOHN COCKERILL DEFENSE from Ans, company number BE0563837739, closed financial year 2025 with a result of € 19.3 million after tax. For that financial year JOHN COCKERILL DEFENSE recorded revenue of € 118.5 million and equity of € 265.8 million. Compared with financial year 2024, the result moved from € 14 million to € 19.3 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 2, 2026.
€ 265.8 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19.3 million
▲ 38% vs 2024
Profit after tax over the fiscal year.
€ 49 million
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 15 million paid out
78 % of the profit went to the shareholders, mostly to JOHN COCKERILL SA (80 % of the shares). That is where the money ends up.
People and assets in 2025
217
▼ 17.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 22.8 million
▼ 4% vs 2024
€ 104,900 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.
€ 21,086
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 131.1 million
▲ 7% vs 2024
€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 112 years.
€ 46.4 million
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 227 days on average.
€ 6.4 million
▼ 48% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 100,536,425 | € 111,771,610 | € 125,854,830 | € 118,507,465 | ▼ 6% |
| Profit after taxes | € 49,036,378 | € 21,588,576 | € 13,978,608 | € 19,313,638 | ▲ 38% |
| Equity | € 91,798,984 | € 107,531,266 | € 261,341,938 | € 265,797,665 | ▲ 2% |
| Total debts | € 444,943,214 | € 373,512,702 | € 532,217,000 | € 520,712,191 | ▼ 2% |
| Cash | € 251,326 | € 129,048 | € 129,462,845 | € 49,030,945 | ▼ 62% |
| Land & buildings | € 625,660 | € 463,370 | € 301,079 | € 138,789 | ▼ 54% |
| Retained profit | € 42,402,377 | € 55,290,953 | € 44,269,561 | € 48,583,199 | ▲ 10% |
| Dividend | € 60,000,000 | € 8,700,000 | € 25,000,000 | € 15,000,000 | ▼ 40% |
| Bank debt | € 47,277,528 | € 45,391,049 | € 122,991,816 | € 131,136,816 | ▲ 7% |
| Balance sheet total | € 587,008,105 | € 530,427,407 | € 834,375,635 | € 824,215,806 | ▼ 1% |
| Employees (FTE) | 300.9 | 270.1 | 234.2 | 217 | ▼ 17.2 |
Key figures of JOHN COCKERILL DEFENSE, 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 JOHN COCKERILL DEFENSE?
What happened at JOHN COCKERILL DEFENSE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gérard LONGUET stepped down as director. NBB
- Thierry ROUFFET stepped down as director. NBB
- Thierry RENAUDIN stepped down as director. NBB
- Dorian FERON stepped down as director. NBB
- Jean Arthur REGIBEAU stepped down as director. NBB
- Vincent TREVISAN stepped down as director. NBB
- Victor CAUCHOIS stepped down as director. NBB
- Jean Luc MAURANGE stepped down as director. NBB
In short
From € 49 million profit in 2022 to € 19.3 million profit in 2025.
Paid € 27.2 million in corporate taxes since 2022.
Best year ever: 2022, with € 49 million profit.
Paid out € 108.7 million in dividends to the owners in total.
Management
The shares are held by JOHN COCKERILL SA (80%), Agence des Participations de l'Etat FR (10%) and Société Fédérale de Participations et d'Investissement (10%). It owns 100% of JOHN COCKERILL DEFENSE FRANCE SAS, 100% of CMI DEFESA PARTICIPACOES SA, 100% of ARQUUS SAS, 100% of John Cockerill Defense America INC, 100% of EUROCONTROL SPA and 100% of JOHN COCKERILL Defense ESPANA SLU itself.
Directors
According to the 2025 annual accounts
Gérard LONGUET
Director
since 2024 · until 2030
Thierry CARLIER
Director
since 2024 · until 2025
Thierry ROUFFET
Director
since 2025 · until 2030
Thierry RENAUDIN
Managing director
since 2024 · until 2030
Dorian FERON
Director
since 2024 · until 2030
Jean Arthur REGIBEAU
Director
since 2024 · until 2030
Vincent TREVISAN
Director
since 2024 · until 2030
Victor CAUCHOIS
Director
since 2024 · until 2030
Jean Luc MAURANGE
Chairman of the board
since 2024 · until 2030
Frédéric LEMAITRE
Director
since 2024 · until 2030
Francois MICHEL
Director
since 2024 · until 2025
Shareholders
Participations
JOHN COCKERILL DEFENSE FRANCE SAS
100%
CMI DEFESA PARTICIPACOES SA
100%
ARQUUS SAS
100%
John Cockerill Defense America INC
100%
EUROCONTROL SPA
100%
JOHN COCKERILL Defense ESPANA SLU
100%
99.9%
John Cockerill Defense for Military Industries
95%
Establishments
Establishment units
Physical locations of this company
Avenue Alfred Deponthière 44
4431 Ans
Avenue Champion - AUBANGE 7
6790 Aubange
Active since 1 January 2015
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0563.837.739
- VAT number
- BE 0563.837.739
- Registered office
- Avenue Alfred Deponthière 44, 4431 Ans
- Names & denominations
- JOHN COCKERILL DEFENSE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 October 2014
- Peppol
- Active · Active since 24 Jul 2023
- Contact
- +3243302021
- Activities · NACE
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