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 43 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
SAFRAN BLADES from Marchin, company number BE0795523922, closed financial year 2025 with a result of € -14 million after tax. For that financial year SAFRAN BLADES recorded revenue of € 6 million and equity of € 44.3 million. Compared with financial year 2024, the result moved from € -4.1 million to € -14 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 May 11, 2026.
€ 44.3 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14 million
▼ 243 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4.3 million
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -18.8 million.
People and assets in 2025
50.8
▲ 26.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.2 million
▲ 82% vs 2024
€ 83,700 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.
€ 1.3 million
▲ € 1.3 million vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 13.1 million
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 333 days on average.
€ 1.2 million
▲ 73% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 1,387,000 | € 1,715,431 | € 5,963,163 | ▲ 248% |
| Profit after taxes | € -755,047 | € -4,071,315 | € -13,966,142 | ▼ € 9.9 million |
| Equity | € 25,955,453 | € 42,913,456 | € 44,276,767 | ▲ 3% |
| Total debts | € 2,428,288 | € 17,352,923 | € 24,311,148 | ▲ 40% |
| Cash | € 17,343,959 | € 8,390,989 | € 4,313,320 | ▼ 49% |
| Land & buildings | € 232,411 | € 232,411 | € 25,243,005 | ▲ € 25 million |
| Retained profit | € -755,047 | € -4,826,363 | € -18,792,504 | ▼ € 14 million |
| Balance sheet total | € 28,383,741 | € 60,266,379 | € 68,587,915 | ▲ 14% |
| Employees (FTE) | 6.4 | 23.9 | 50.8 | ▲ 26.9 |
Key figures of SAFRAN BLADES, fiscal years 2023 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 BLADES?
What happened at SAFRAN BLADES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bryan GUILLEMIN stepped down as director. NBB
- Sophie MALBEC stepped down as director. NBB
- WALLONIE ENTREPRENDRE SA stepped down as director. NBB
- Loic JACQUEMIN stepped down as director. NBB
- SFPI SA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 14 million. Source: NBB ↗
- New establishment in Marchin. KBO
- Bryan GUILLEMIN became a director. NBB
In short
From € 755,047 loss in 2023 to € 14 million loss in 2025.
Paid € 123,357 in corporate taxes since 2023.
Management
The shares are held by SAFRAN AERO BOOSTERS SA (56%), WALLONIE ENTREPRENDRE (28.2%) and SFPI SA (15.8%).
Directors
According to the 2025 annual accounts
Bryan GUILLEMIN
Director
since 2022 · until 2029
Sophie MALBEC
Chairman of the board
since 2022 · until 2029
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 2022 · until 2029
Loic JACQUEMIN
Director
since 2022 · until 2029
Director · represented by Denis RONDAY
Owns 1% via SAFRAN AERO BOOSTERS SA
Also active at: Aviapartner Belgium, Société Anonyme Belge de Constructions Aéronautiques, Société Nationale de Construction Aérospatiale, COMETSAMBRE, ASCO INDUSTRIES, ZEPHYR - FIN, Sabena Aerospace Engineering, reMYND +58 more
since 2022 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Forges 5
4570 Marchin
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0795.523.922
- VAT number
- BE 0795.523.922
- Registered office
- Rue Forges 5, 4570 Marchin
- Names & denominations
- SAFRAN BLADES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 2022
- Peppol
- Active · Active since 1 Oct 2026
- Contact
- safran-blades.com [email protected]
- Activities · NACE
Smeden van metaal
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