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.
-
Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AEROSPACELAB from Mont-Saint-Guibert, company number BE0652911750, closed financial year 2025 with a result of € -17.5 million after tax. For that financial year AEROSPACELAB recorded revenue of € 14.6 million and equity of € 61.5 million. Compared with financial year 2024, the result moved from € -11.5 million to € -17.5 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 61.5 million
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17.5 million
▼ 53 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2.7 million
▲ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -57.9 million.
People and assets in 2025
218.4
▲ 11 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 24.7 million
▲ 30% vs 2024
€ 113,300 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.
€ 889,856
▼ 31% vs 2024
Of which on lease € 255,593.
Debts at end 2025
€ 23.7 million
▲ 200% vs 2024
€ 2.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 5.8 million
▲ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 81 days on average.
€ 4.4 million
▲ 95% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 5,428,613 | € 14,599,376 | ▲ 169% |
| Gross margin | € 1,326,689 | - | - | - | |
| Profit after taxes | € -8,574,966 | € -11,930,485 | € -11,479,924 | € -17,540,905 | ▼ € 6.1 million |
| Equity | € 38,315,848 | € 32,773,925 | € 50,127,296 | € 61,483,408 | ▲ 23% |
| Total debts | € 15,717,474 | € 29,811,707 | € 36,862,667 | € 76,637,082 | ▲ 108% |
| Cash | € 20,905,759 | € 3,107,061 | € 2,510,456 | € 2,727,747 | ▲ 9% |
| Retained profit | € -16,983,072 | € -28,913,556 | € -40,393,480 | € -57,934,385 | ▼ € 17.5 million |
| Bank debt | € 3,849,226 | € 3,702,543 | € 7,903,976 | € 23,727,014 | ▲ 200% |
| Balance sheet total | € 54,133,322 | € 62,882,632 | € 87,089,963 | € 138,220,489 | ▲ 59% |
| Employees (FTE) | 102.4 | 163.2 | 207.4 | 218.4 | ▲ 11 |
Key figures of AEROSPACELAB, 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 AEROSPACELAB?
What happened at AEROSPACELAB in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Benoît Deper stepped down as director. NBB
- SPARAXIS SA stepped down as director. NBB
- Siparex Xange Venture SAS stepped down as director. NBB
- François Auque stepped down as director. NBB
- NOSHAQ PARTNERS stepped down as director. NBB
- DEEP CODE stepped down as director. NBB
- AIRBUS VENTURES GP III INC stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 17.5 million. Source: NBB ↗
In short
From € 8.6 million loss in 2022 to € 17.5 million loss in 2025.
On average € 13,000 of value added per employee in 2022.
Pays suppliers within 81 days on average.
Management
The shares are held by Benoit Deper (26.6%), Wallonie Entreprendre (13.5%), BELAERO (8.7%), Noshaq (6.8%), FPCI XAnge 4 (6.5%) and Airbus Ventures (6.2%). It owns 100% of AEROSPACELAB VLAANDEREN, 100% of AEROSPACELAB SWITZERLAND SARL, 100% of AEROSPACELAB Inc , 100% of Advanced Mechanical and Optical Systems, 34.6% of Steel Estate and 10% of Agena Space itself.
Directors
According to the 2025 annual accounts
Benoît Deper
Managing director
Also active at: ADVANCED MECHANICAL AND OPTICAL SYSTEMS, AEROSPACELAB VLAANDEREN, Cylon Engineering & Management
since 2020 · until 2032
Director · represented by Dimitri Liquet
Also active at: CAUTION MUTUELLE DES METIERS ET NEGOCES, Fonderies J. Marichal Ketin et Cie, DARDENNE, SOGECOM, VITAVERDE.BIO, HAEMERS Technologies, SPACEBEL, NOSHAQ VENTURE +169 more
since 2024 · until 2030
DEEP CODE
Director · represented by Miroslaw KLABA
since 2021 · until 2027
Director · represented by Sarah KRINS
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +224 more
since 2020 · until 2032
Siparex Xange Venture SAS
Director · represented by Guilhem COURLET DE VREGILLE
since 2020 · until 2032
AIRBUS VENTURES GP III INC
Director · represented by Mathieu COSTES
since 2021 · until 2027
François Auque
Director
since 2022 · until 2032
Shareholders
Benoit Deper
26.6%
13.5%
8.7%
6.8%
FPCI XAnge 4
6.5%
Airbus Ventures
6.2%
FCPI Siparex XAnge Innovation 2018
4.8%
3.8%
Space Opportunities Syndicate I
2.4%
FCPI Siparex XAnge Innovation 2019
1.9%
Deep Code
1.5%
Jezby Ventures
1.5%
Siparex Innovation (CMNE I&T)
1.5%
Actionnariat Employés SOP
1.4%
Jantar Mantar Limited
1.3%
1.2%
Autres Personnes Physiques
0.8%
0.7%
FCPI Siparex XAnge Innovation 2020
0.3%
APRES CAPITAL LLC
0.2%
EdR PRIVATE EQUITY PARTNERS
0.2%
GREEN SPARK INVEST
0.2%
ACE Investments Partners SCSp
0.2%
FCPI Siparex XAnge Innovation 2021
0.2%
0.2%
FISPA S.R.L.
0.2%
0.1%
0.1%
0%
Bee Holding
0%
Participations
AEROSPACELAB Inc
100%
34.6%
Agena Space
10%
Establishments
Establishment units
Physical locations of this company
Rue André Dumont 14 box B
1435 Mont-Saint-Guibert
Square des Martyrs 1 box 1
6000 Charleroi
Active since 3 January 2022
Avenue Jean Monnet 1
1348 Ottignies-Louvain-la-Neuve
Active since 1 June 2022
Rue du Bosquet 15 box A
1435 Mont-Saint-Guibert
Active since 1 March 2022
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
Website info
Features
Security
Details
- Company number
- 0652.911.750
- VAT number
- BE 0652.911.750
- Registered office
- Rue André Dumont 14 bus B, 1435 Mont-Saint-Guibert
- Names & denominations
- AEROSPACELAB
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 April 2016
- Peppol
- Active · Active since 20 Nov 2020
- Contact
- aerospacelab.be
- Activities · NACE
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