ACTIVE

LEONARDO BELGIUM

Financial year 2025 · Closed on 31/12/2025

Net result
4,7 M €
+33,0 %over 1 year
Revenue
73,8 M €
+12,3 %over 1 year
Equity
30,8 M €
+16,5 %over 1 year
Workforce
65,3 ETP
+8,5 %over 1 year

Identity

Source · BCE/KBO

LEONARDO BELGIUM is a Public limited company incorporated in 1976. Its registered office is in Grâce-Hollogne. It employs on average 65,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0416.453.068
Incorporation
27/09/1976
Legal form
Public limited company
Registered office
Aéroport de Liège ZN
4460 Grâce-Hollogne · WallonieSee on map
Contributed capital
500 000,00 €
Latest accounts
31/12/2025
Average workforce
65,3 ETP
Joint committees (3)
  • 14904
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue73,8 M €65,7 M €50 M €36 M €30,2 M €
EBITDA6,9 M €5,2 M €3,3 M €1,6 M €1,8 M €
Operating result6,4 M €4,8 M €2,9 M €1,2 M €1,7 M €
Net result4,7 M €3,5 M €2,1 M €858,6 k €1,1 M €
Balance sheet
Equity30,8 M €26,5 M €23,2 M €21,3 M €20,6 M €
Total assets88,1 M €73,5 M €56,9 M €41,1 M €38,4 M €
Cash3,9 M €2,5 M €2 M €2,6 M €878,8 k €
Debts51,8 M €41,3 M €29,3 M €15,3 M €13,3 M €
Other
Workforce65,3 ETP60,2 ETP50,4 ETP42,3 ETP40,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 44 ended

Active mandates

Gaëtan AUDOOR

Director · since 22 novembre 2024 · until 29 avril 2026

Active
Riccardo DEL DUCA

Managing director · since 24 avril 2024 · until 29 avril 2026

Active
Francesco BELLARDI

Director · since 26 avril 2023 · until 29 avril 2026

Active
Corrado FALCO

Director · since 30 juin 2022 · until 29 avril 2026

Active
Giacomo SPERETTA

Director · since 30 juin 2022 · until 29 avril 2026

Active

Ended mandates

Corrado FALCO

Director · since 30 juin 2022 · until 26 avril 2023

Ended
Giacomo SPERETTA

Director · since 30 juin 2022 · until 26 avril 2023

Ended
Vincenzo CRISCITIELLO

Managing director · since 30 juin 2022 · until 26 avril 2023

Ended
Vincenzo CRISCITIELLO

Managing director · since 30 juin 2022 · until 24 avril 2024

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/07/202616/05/202529/05/202426/06/202330/06/202222/06/2021
General meeting20/05/202630/04/202524/04/202426/04/202301/06/202202/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202520/05/202615/07/2026FrenchPDF
Full model31/12/202430/04/202516/05/2025FrenchPDF
Full model31/12/202324/04/202429/05/2024FrenchPDF
Full model31/12/202226/04/202326/06/2023FrenchPDF
Full model31/12/202101/06/202230/06/2022FrenchPDF
Full model31/12/202002/06/202122/06/2021FrenchPDF
Full model31/12/201903/06/202029/06/2020FrenchPDF
Full model31/12/201805/06/201917/06/2019FrenchPDF
Full model31/12/201706/06/201815/06/2018FrenchPDF
Full model31/12/201608/06/201719/06/2017FrenchPDF
Full model31/12/201523/06/201629/06/2016FrenchPDF
Full model31/12/201403/06/201526/06/2015FrenchPDF
Full model31/12/201304/06/201407/08/2014FrenchPDF
Full model31/12/201205/06/201312/06/2013FrenchPDF
Full model31/12/201106/06/201215/06/2012FrenchPDF
Full model31/12/201001/06/201110/06/2011FrenchPDF
Full model31/12/200902/06/201004/06/2010FrenchPDF
Full model31/12/200809/06/200922/07/2009FrenchPDF
Full model31/12/200704/06/200802/07/2008FrenchPDF
Full model31/12/200606/06/200711/07/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 44 ended

Active mandates

Gaëtan AUDOOR

Director · since 22 novembre 2024 · until 29 avril 2026

Active
Riccardo DEL DUCA

Managing director · since 24 avril 2024 · until 29 avril 2026

Active
Francesco BELLARDI

Director · since 26 avril 2023 · until 29 avril 2026

Active
Corrado FALCO

Director · since 30 juin 2022 · until 29 avril 2026

Active
Giacomo SPERETTA

Director · since 30 juin 2022 · until 29 avril 2026

Active

Ended mandates

Corrado FALCO

Director · since 30 juin 2022 · until 26 avril 2023

Ended
Giacomo SPERETTA

Director · since 30 juin 2022 · until 26 avril 2023

Ended
Vincenzo CRISCITIELLO

Managing director · since 30 juin 2022 · until 26 avril 2023

Ended
Vincenzo CRISCITIELLO

Managing director · since 30 juin 2022 · until 24 avril 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • 21/09/2026
    —
    PDF
  • Mandates17/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/09/2024
    ADRESSE AUTRE QUE SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - DIVERS
    PDF
  • Mandates22/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/07/2024
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20254,7 M €↑
  2. 2024
    Annual accounts 20243,5 M €↑
  3. 22/11/2024
    nominationGaëtan AUDOOR — administrateur
  4. 07/06/2024
    nominationRiccardo Del Duca — représentant légal (« Branch Manager ») de la succursale située à Elstree (Royaume-Uni)
  5. 30/05/2024
    reconductionEY Réviseurs d'Entreprises SRL — commissaire
  6. 30/05/2024
    nominationMarie-Laure Moreau — commissaire (représentant de EY Réviseurs d'Entreprises SRL)
  7. 24/04/2024
    nominationRiccardo DEL DUCA — administrateur / Administrateur Délégué
  8. 24/04/2024
    nominationRiccardo DEL DUCA — administrateur délégué
  9. 2023
    Annual accounts 20232,1 M €↑
  10. 26/04/2023
    reconductionVincenzo CRISCITIELLO — administrateur
  11. 26/04/2023
    reconductionSimon Peter JONES — administrateur
  12. 26/04/2023
    reconductionGiacomo SPERETTA — administrateur
  13. 26/04/2023
    reconductionCorrado FALCO — administrateur
  14. 26/04/2023
    nominationFrancesco BELLARDI — administrateur
  15. 2022
    Annual accounts 2022858,6 k €↓
  16. 30/06/2022
    nominationVincenzo CRISCITIELLO — administrateur
  17. 30/06/2022
    nominationCorrado FALCO — administrateur
  18. 30/06/2022
    nominationGiacomo Francesco SPERETTA — administrateur
  19. 2021
    Annual accounts 20211,1 M €↑
  20. 2020
    Annual accounts 20201 M €↓
  21. 2019
    Annual accounts 20191,3 M €↑
  22. 2018
    Annual accounts 2018-264,3 k €↓
  23. 2018
    Name changeLEONARDO BELGIUM
  24. 2017
    Annual accounts 20171,8 M €↑
  25. 2016
    Annual accounts 20161 M €↑
  26. 2015
    Annual accounts 2015953,2 k €↓
  27. 2014
    Annual accounts 20145 M €↑
  28. 2013
    Annual accounts 2013894,6 k €↓
  29. 2012
    Annual accounts 20121,3 M €↓
  30. 2011
    Annual accounts 20111,9 M €↑
  31. 2010
    Annual accounts 20101,3 M €↑
  32. 2009
    Annual accounts 20091,2 M €↑
  33. 2008
    Annual accounts 2008307,2 k €↑
  34. 2007
    Annual accounts 2007238,9 k €
  35. 2007
    Name changeAGUSTA AEROSPACE SERVICES - A.A.S.
  36. 27/09/1976
    IncorporationPublic limited company