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Société Nationale de Construction Aérospatiale

Active Public limited companyfounded 1978active for 48 yearsRoute Nationale 5 SN, 6041 CharleroiKBO/BCE: BE 0418.217.577 subsidiary of Wallonie Entreprendre#1 employer in Belgium, Other transport equipment sector
Part of the group Wallonie Entreprendre 60 companies in 13 countries
See the group

Lifetime

19 annual accounts with figures on one time axis, 47 filings since 1979
Turnoverpeak €399.0m (2025)
€399.0m▲ 5.9%
Resultlowest -€137.8m (2008)
€51.3m▲ €104.3m
Equitypeak €411.4m (2025)
€411.4m▲ 96.0%
Debts
€625.3m▲ 29.6%
Staffpeak 1,650.4 FTE (2008)
1,534 FTE▲ 7.2%
Board41 names since 2010all names
8 directorsAntoine Tanzilli and 7 others
Owners4 names in the annual accounts
75%Wallonie Entreprendre and 1 other
Documentsfilings and deeds
04-06-202657 days before the deadline
2025financial year
Back to profit: €51.3m13 directors appointed, 2 statutory auditors appointed, 12 re… 09-12Capital increase · Amendment of the articles 01-101 director appointed, 2 resignations, 1 reappointment 12-02Equity from €209.9m to €411.4mDebts from €482.3m to €625.3m

Key points

from the 2025 annual accounts

Equity

€411.4m ▲ 96.0%
€210m2024€411m2025

Equity rose in 2025: capital increase.

Growth

5 years
20182019202020212022202320242025

5 years of growth in a row. Turnover 2025: €399.0m.

Staff

1,615 employees on 31-12-2025
34105202192102202299692023188822024183862025

In 2025, 183 people joined and 86 left. On top of that, 3.8 agency workers worked there on average.

Filings

47 annual accounts 73 filings since 1979
AprilJune31 JulyOctober1980199520102025

The last five annual accounts were filed 41 to 57 days before the end of the period.

Board

12 left

Directors left. Latest change 09-12-2025 · 8 in office.

Position in the sector

€51.3m

Higher net result than 95% of companies in other transport equipment. Sector median €617 · 49 companies.

Standalone figures, without subsidiaries

Checked score

92
Excellent
Financially stronger than 63% of companies in other transport equipment (NACE 30)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 9 companies (NACE 30, large).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026highest value 07-2026: 0.2%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: 0.2%● unchanged vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value 11-2026: 0.2%● unchanged vs 10-2026lowest value

Financial strength
Strong

Solvency
64+9equity 39.3% of total assets
Liquidity
51=short-term debt 19.3% · cash 5.6%
Profitability
69+23return on assets 4.9%

Score breakdown

raises risk
Liquidity: current ratio 1.24, cash €58.7m
Sector: Manufacture of other transport equipment (NACE 30)
lowers risk
Founded in 1978
Size: turnover €399.0m, 1,534 FTE, total assets €1.05bn, files consolidated accounts
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 30). It does better than 46% of them on solvency, 77% on liquidity, 62% on profitability and 69% on growth.

The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit verdict

Credit of up to €37,800,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.24 (1.21 in 2024), below the usual 1.5. Short-term debt is 19.3% and cash 5.6% of total assets. 60.7% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.24, cash €58.7m
NBB · annual accounts
lowers risk · Founded in 1978
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: turnover €399.0m, 1,534 FTE, total assets €1.05bn, files consolidated accounts
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Manufacture of other transport equipment (NACE 30)
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €411.4m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
57 days early
2024
41 days early
2023
49 days early
2022
41 days early
2021
46 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 47 days before the deadline. In the sector (NACE 30), the median for financial year 2024 was 16 days before the deadline, and 30% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

AT
Director
AH
Director, since 05-06-2025
CM
Director, since 05-06-2025
DA
Dewar Aviation Inc.
Director, Rob Dewar, since 05-06-2025
GD
Director, since 05-06-2025
and 3 others

Shares in 10 companies, including SONACA AEROSPACE TRANSILVANIA SRL and SONACA BRASIL LTDA

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0418217577
13 directors appointed, 2 statutory auditors appointed, 12 resignations Resignations: Amaury Bertholomé, Charles Champion, Grégoire Dupuis, Michaël Vanloubbeeck, Jean Leblon, Intercommunale pour la Gestion et la Réalisation d'Etudes Techniques et Economiques SC and 6 others · Appointments: Intercommunale pour la Gestion et la Réalisation d'Etudes Techniques et Economiques SC, Sparaxis SA, Société Fédérale de Participations et d'Investissement SA, Yves Prete, Yves Delatte, Marc Denève and 9 others · Permanent representatives: Renaud Moens, Olivier Vanderijst, Michaël Vanloubbeeck, Rob Dewar, Mélanie Adorante and Vincent Thyrion · General meeting of 05-06-2025 · Gazette deed
Capital increase · Amendment of the articles Capital from 231.652.593,03 to 241.640.960,96, 1,220 new shares · Capital from 241.640.960,96 to 381.658.230,11, 17,102 new shares · Capital contribution: créance · Gazette deed
1 director appointed, 2 resignations, 1 reappointment Resignations: Bernard Delvaux and Cédric du Monceau de Bergendal · Appointment: Michaël Vanloubbeeck (director) · Reappointment: Michaël Vanloubbeeck (director) · Board meeting of 16-12-2025 · Gazette deed
All 117 events

Comparable companies

same main activity, similar in size and age
Company Turnover EBIT margin Solvency Staff
Société Nationale de Construction Aérospatiale Charleroi €399.0m 11.7% 39.3% 1,534
SAFRAN AERO BOOSTERS Herstal €1,010.9m 33.6% 51.0% 1,532.2
ASCO INDUSTRIES Zaventem €330.2m 1.9% 14.1% 640.6
Sabena Aerospace Engineering Woluwe-Saint-Lambert €117.3m 9.2% 18.3% 621.1
Société Anonyme Belge de Constructions Aéronautiques Brussels €108.0m -16.5% -14.8% 329.7
BMT Aerospace International Oostkamp €36.0m 25.0% 52.7% 100.1
AEROSPACELAB Mont-Saint-Guibert €14.6m - 44.5% 218.4
-10%0%10%20%€10,000€100,000€1m€10m€100m€1bnSociété Nationale de Construction AérospatialeEBIT margin

Grey: the largest companies of the sector (other transport equipment (NACE 30)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as Société Nationale de Construction Aérospatiale: manufacture of other transport equipment (NACE 30310). They are comparable in size and age: total assets between €138m and €2.4bn, founded between 1920 and 2016.

Official details

Source: KBO
Status
Active since 10-04-1978Normal situation
Activity
Manufacture of other transport equipmentNACE 30310
Joint committees
111Metal, mechanical and electrical engineering
209White-collar workers in metal manufacturing · annual accounts 2025
Establishment unit
2.014.926.7586041 Charleroi, since 26-04-1978
Financial year end
31 December
Peppol
Reachable since 18-12-2025
Company details

Annual accounts 2025

Total assets
€1.05bn▲ 48.0%
Employeeson 31-12-2025
1,615▲ 6.4%
Filing
Filed on 04-06-2026, 57 days before the end of the filing period
Financials

Companies linked to Société Nationale de Construction Aérospatiale

Insights on Société Nationale de Construction Aérospatiale

Société Nationale de Construction Aérospatiale has existed since 1978. Turnover grew from €240.6m in 2007 to €399.0m in 2025.

Turnover has grown every year since 2020. Solvency rose in 2025 from 29.6% to 39.3% because of the retained profit and a capital increase.

Wallonie Entreprendre holds 75% of the shares. In December 2025, twelve directors stepped down.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about Société Nationale de Construction Aérospatiale

What is the company number of Société Nationale de Construction Aérospatiale?
The company number of Société Nationale de Construction Aérospatiale is 0418.217.577. The VAT number is the same number with BE in front: BE 0418.217.577.
Where is Société Nationale de Construction Aérospatiale based?
The registered office is at Route Nationale 5 SN, 6041 Charleroi.Company details
What does Société Nationale de Construction Aérospatiale do?
According to the KBO register, the main activity is manufacture of other transport equipment (NACE 30310).
What is the legal form of Société Nationale de Construction Aérospatiale?
Société Nationale de Construction Aérospatiale is a public limited company (NV).
When was Société Nationale de Construction Aérospatiale founded?
Société Nationale de Construction Aérospatiale was founded on 10-04-1978.
Is Société Nationale de Construction Aérospatiale still active?
Yes, Société Nationale de Construction Aérospatiale is an active enterprise in the KBO register.
How many employees does Société Nationale de Construction Aérospatiale have?
Société Nationale de Construction Aérospatiale had an average of 1,534 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Société Nationale de Construction Aérospatiale fall under?
In its 2025 annual accounts, Société Nationale de Construction Aérospatiale states joint committees 111 (Metal, mechanical and electrical engineering) and 209 (White-collar workers in metal manufacturing).
What is the turnover of Société Nationale de Construction Aérospatiale?
The turnover of Société Nationale de Construction Aérospatiale was €399.0m in financial year 2025, according to the filed annual accounts.
Is Société Nationale de Construction Aérospatiale profitable?
In financial year 2025, Société Nationale de Construction Aérospatiale made a profit of €51.3m.
Where can I find the annual accounts of Société Nationale de Construction Aérospatiale?
Société Nationale de Construction Aérospatiale filed 73 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Société Nationale de Construction Aérospatiale due?
Société Nationale de Construction Aérospatiale must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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