SABENA AEROSPACE
ActiveSABENA AEROSPACE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €25.25M and a net result of €144k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 95% of 48 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability39▲+1
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.65M at 30 days acceptable
Liquidity ample (current ratio 50.82 against 14.87 in 2023; short-term debt: 0.3% and cash: 2% of total assets), and 0.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 30
Relative position
BE, all sectors
reference
Sector 30
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
99.6%
Return on assets
0.6%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
49 d late
2023
36 d late
2022
37 d late
2021
150 d late
2020
24 d early
2019
45 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema, statutory
Turnover
€211k▼ 16.6%
2019 · €253k
2018: €291k
2019: €253k
2018 → 2020
EBIT margin
242.0%▲ 214.9pp
2019 · 27.0%
2018: 128.2%
2019: 27.0%
2018 → 2020
Net result
€144k▲ 9,820%
2023 · €1k
2018: €429k
2019: €70k
2020: €19.37M
2021: €59k
2022: €14k
2023: €1k
2018 → 2024
Working capital
€3.46M▲ 4.4%
2023 · €3.31M
2018: €2.53M
2019: €4.12M
2020: €3.42M
2021: €3.47M
2022: €3.31M
2023: €3.31M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€211k-
Equity€25.23M-€25.29M▲ 0.2%€25.11M▼ 0.7%€25.11M=€25.25M▲ 0.6%
Operating result€510k-€-39k€-113k▼ 194%€-23k▲ 79.8%€104k
Net result€19.37M-€59k▼ 99.7%€14k▼ 75.7%€1k▼ 90.0%€144k▲ 9,820%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €104k after a loss of €23k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €25.35M
Fixed assets
€21.83M=
Current assets
€3.52M▼ 0.7%
Equity and liabilities €25.35M
Equity
€25.25M▲ 0.6%
Debt
€97k▼ 63.4%
The debt ratio falls from 1.0% to 0.4%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
99.6%▲
2023 · 99.0%
Current ratio
50.82▲
2023 · 14.87
Quick ratio
50.82▲
2023 · 14.87
Debt / equity
0.00▼
2023 · 0.01
ROE
0.6%▲
2023 · 0.0%
ROA
0.6%▲
2023 · 0.0%
Debt
€97k▼
2023 · €264k
Debt ≤ 1 year
€69k▼
2023 · €239k
Income taxes
€51k▲
2023 · €482
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€25.37M€25.35M▼
Fixed assets21/28€21.83M€21.83M=
Financial fixed assets28€21.83M€21.83M=
Affiliated companies280/1€21.83M€21.83M=
Participating interests280€21.33M€21.33M=
Amounts receivable281€500k€500k=
Current assets29/58€3.55M€3.52M▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€69k€17k▼
Trade receivables40€65k€14k▼
Other amounts receivable41€4k€2k▼
Current investments50/53€3.00M€3.00M=
Other investments51/53€3.00M€3.00M=
Cash at bank and in hand54/58€442k€500k▲
Deferred charges and accrued income490/1€37k€8k▼
Equity and liabilities
Total equity and liabilities10/49€25.37M€25.35M▼
Equity10/15€25.11M€25.25M▲
Contributions10/11€1.09M€1.09M=
Capital10€1.09M€1.09M=
Issued capital100€1.09M€1.09M=
Reserves13€119k€119k=
Non-distributable reserves130/1€119k€119k=
Legal reserve130€119k€119k=
Profit (loss) carried forward14€23.90M€24.05M▲
Amounts payable17/49€264k€97k▼
Amounts payable within one year42/48€239k€69k▼
Trade debts44€36k€39k▲
Suppliers440/4€36k€39k▲
Taxes, remuneration and social security45€3k€31k▲
Taxes450/3€3k€31k▲
Other amounts payable47/48€200k€0▼
Accrued charges and deferred income492/3€25k€27k▲
Income statement
Code20232024
Operating income70/76A€10k€200k▲
Non-recurring operating income76A€10k€200k▲
Operating charges60/66A€33k€96k▲
Services and other goods61€29k€27k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€66k
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€0-
Operating profit (loss)9901€-23k€104k▲
Financial income75/76B€26k€92k▲
Recurring financial income75€26k€92k▲
Income from financial fixed assets750€8k€18k▲
Income from current assets751€18k€62k▲
Other financial income752/9€14€11k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Debt charges650€0-
Other financial charges652/9€1k€1k▼
Profit (loss) for the period before taxes9903€2k€195k▲
Income taxes67/77€482€51k▲
Taxes670/3€482€51k▲
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€1k€144k▲
Profit (loss) for the period to be appropriated9905€1k€144k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23.90M€24.05M▲
Profit (loss) brought forward from the previous period14P€23.90M€23.90M=
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
08-09
State Gazette act
General meeting · Director resignationGeneral meeting · Director resignation · Director reappointment10 facts ▸
State Gazette act
General meeting · Director resignation
General meeting · Director resignation · Director reappointment10 facts ▸
- General meeting, 2026-07-03
- Director resignation, Henri Burton (administrateur)
- Director resignation, Betrix SA (administrateur)
- Director reappointment, Henri Burton (administrateur)
- Director reappointment, Betrix SA (administrateur)
- Permanent representative, Isalyne Michel
- Board composition, administrateur délégué, 2026-07-03
- Board composition, administrateur, 2026-07-03
- Board composition, administrateur, 2026-07-03
- Permanent representative, Stéphane Burton
03-09
State Gazette act
Resignations & appointmentsBoard meeting · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Permanent representative3 facts ▸
- Board meeting, 2026-05-22
- Permanent representative, Xavier Nys (représentant permanent)
- Permanent representative, Vanessa Cordonnier (représentant permanent)
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 49 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 50.82
Current ratio from 14.87 to 50.82; short-term debt falls from €239k to €69k.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 36 days late
2023
31-12
Financial
Weakest financial yearnet €1k ▼90%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 37 days late
2022
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 150 days late
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €19.37M ▲27432%
Operating result €510k, net result €19.37M, both a record.
31-12
Financial
Equity above €25MEq €25.23M ▲330%
3 profitable years in a row build equity to €25.23M.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · consolidated
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · consolidated
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
BETRIX
CurrentDirector · since 03-07-2026 · Public limited company · perm. rep.: Isalyne Michel
Henri Burton
CurrentDirector · since 03-07-2026
03-07-2026
BETRIX: Mandate renewed as Director
03-07-2026
BETRIX: Resigned as Director
03-07-2026
Henri Burton: Resigned as Director
03-07-2026
Henri Burton: Mandate renewed as Director
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Orbanlaan 1381150 Sint-Pieters-WoluweGround area
9,469 m²
Building footprint
191 m²
Volume, LiDAR
1,925 m³
2 parcels, Brussels, Flanders · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Sabena Technics Rotables
since 20062.152.238.176
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094A0072/00K000 | Flanders | 8,564 m² | - | - |
| 21683D0265/02V021 | Brussels | 905 m² | 1 · 191 m² | 15.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared corporate director
→
Ownership & control
1 partyControl over this companysits on this company's board1
2 subsidiaries · 1 location
controls
SABENA AEROSPACEBE 0879.932.035
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ASCO INDUSTRIES
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Sabena Aerospace Engineering
BE 0465.150.137
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Société Anonyme Belge de Constructions Aéronautiques
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Of 110 companies in sector 30310 we hold annual accounts for 68. 20 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-03-2006
Fiscal year end31-12
Activities, NACEBEL
30300Manufacture of other transport equipment
30310Manufacture of other transport equipment
35300
26510Manufacture of computer, electronic and optical products
33201
52230Warehousing and support activities for transportation
52249Warehousing and support activities for transportation
63112
63230
71230
77350Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.