ACTIVE

Redwire Space

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Financial year 2024 · closed on 31/12/2024

Net result

-4,5 M €

-13.0% YoY

Revenue

45,6 M €

-18.9% YoY

Equity

1,1 M €

-67.6% YoY

Workforce

130,1 ETP

+6.2% YoY

What does Redwire Space do?

Redwire Space is a Public limited company incorporated in 1989. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Beveren-Kruibeke-Zwijndrecht. It employs on average 130,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.039.321

Incorporation

29/11/1989

Legal form

Public limited company

Registered office

Hogenakkerhoekstraat 9
9150 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map

Contributed capital

3 190 000,00 €

Latest accounts

31/12/2024

Average workforce

130,1 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities

Joint committees (3)

Signals

Healthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	45,6 M €	-18.9%	56,2 M €	+66.4%	33,8 M €	-24.6%	44,7 M €	+18.8%	37,7 M €	+36.6%	27,6 M €	+18.1%	23,3 M €	+28.3%	18,2 M €	+8.7%	16,7 M €	+2.4%	16,3 M €	+7.4%	15,2 M €	+7.0%	14,2 M €	-37.5%	22,7 M €	+10.1%	20,7 M €	+11.5%	18,5 M €	-15.4%	21,9 M €	+191%	7,5 M €	-19.6%	9,3 M €
EBITDA	-4,5 M €	-130%	-1,9 M €	-154%	3,6 M €	-0.4%	3,6 M €	+64.7%	2,2 M €	+43.0%	1,5 M €	-26.8%	2,1 M €	+8.8%	1,9 M €	+101%	948,8 k €	-57.9%	2,3 M €	+3.0%	2,2 M €	-6.1%	2,3 M €	-10.8%	2,6 M €	+40.5%	1,9 M €	+37.7%	1,3 M €	+95.8%	689,1 k €	+89.2%	364,3 k €	+129%	-1,3 M €
Operating result	-7,2 M €	-129%	-3,1 M €	-204%	3 M €	+10.5%	2,7 M €	+94.0%	1,4 M €	+50.0%	939,8 k €	-46.4%	1,8 M €	+11.4%	1,6 M €	+92.1%	820,1 k €	-61.3%	2,1 M €	+4.7%	2 M €	-4.5%	2,1 M €	-11.2%	2,4 M €	+42.2%	1,7 M €	+43.5%	1,2 M €	+118%	536,1 k €	+127%	236 k €	+117%	-1,4 M €
Net result	-4,5 M €	-13.0%	-4 M €	-282%	2,2 M €	-50.9%	4,5 M €	+385%	920,4 k €	+59.6%	576,6 k €	-50.7%	1,2 M €	+20.3%	971,4 k €	+114%	453,2 k €	-66.3%	1,3 M €	+3.9%	1,3 M €	-4.9%	1,4 M €	-11.2%	1,5 M €	+33.6%	1,1 M €	-6.1%	1,2 M €	+178%	439,9 k €	+793%	49,3 k €	+102%	-2,2 M €
Balance sheet
Equity	1,1 M €	-67.6%	3,4 M €	-53.7%	7,4 M €	+19.1%	6,2 M €	-0.5%	6,3 M €	+17.2%	5,4 M €	+12.1%	4,8 M €	-14.8%	5,6 M €	+20.9%	4,6 M €	+0.1%	4,6 M €	-44.1%	8,3 M €	+18.5%	7 M €	+24.2%	5,6 M €	+37.4%	4,1 M €	+38.8%	3 M €	+70.5%	1,7 M €	+34.0%	1,3 M €	+4.0%	1,2 M €
Total assets	33,2 M €	-9.9%	36,8 M €	-25.2%	49,3 M €	+22.4%	40,2 M €	+2.2%	39,4 M €	+83.2%	21,5 M €	+16.1%	18,5 M €	-9.0%	20,3 M €	+12.0%	18,2 M €	+2.2%	17,8 M €	+15.4%	15,4 M €	+24.0%	12,4 M €	-22.1%	15,9 M €	+6.4%	15 M €	+2.4%	14,6 M €	+3.6%	14,1 M €	+9.4%	12,9 M €	+27.3%	10,1 M €
Cash	2,3 M €	-11.8%	2,6 M €	-55.3%	5,9 M €	-57.9%	14 M €	+166%	5,3 M €	+99.8%	2,6 M €	-16.0%	3,1 M €	-54.0%	6,8 M €	+164%	2,6 M €	+1.8%	2,5 M €	+33.5%	1,9 M €	-18.8%	2,3 M €	+47.9%	1,6 M €	+119%	725,6 k €	-32.3%	1,1 M €	-11.8%	1,2 M €	+1167%	95,8 k €	-42.7%	167,2 k €
Debts	30 M €	-9.3%	33,1 M €	-20.4%	41,5 M €	+22.9%	33,8 M €	+2.6%	32,9 M €	+106%	16 M €	+18.3%	13,5 M €	-7.3%	14,6 M €	+9.0%	13,4 M €	+3.0%	13 M €	+86.5%	7 M €	+31.9%	5,3 M €	-48.5%	10,3 M €	-5.4%	10,8 M €	-7.1%	11,7 M €	-5.8%	12,4 M €	+17.2%	10,6 M €	+37.1%	7,7 M €
Other
Workforce	130,1 ETP	+6.2%	122,5 ETP	+3.2%	118,7 ETP	+10.4%	107,5 ETP	+19.2%	90,2 ETP	+14.2%	79,0 ETP	+2.7%	76,9 ETP	+6.1%	72,5 ETP	-1.4%	73,5 ETP	+0.4%	73,2 ETP	+0.5%	72,8 ETP	+13.4%	64,2 ETP	+1.3%	63,4 ETP	+6.6%	59,5 ETP	+0.3%	59,3 ETP	-1.5%	60,2 ETP	+2.4%	58,8 ETP	-2.2%	60,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 8 active · 36 ended

Active mandates

Mike Gold

Director · since 15 mai 2025 · until 27 juin 2028

Active

Cederic Van Eccelpoel

Director · since 25 juin 2024 · until 29 juin 2027

Active

Tom Kinschots

Director · since 25 juin 2024 · until 29 juin 2027

Active

Christopher Edmunds

Managing director · since 31 octobre 2022 · until 31 mars 2028

Active

Jonathan Baliff

Managing director · since 31 octobre 2022 · until 31 mars 2028

Active

Peter Cannito JR

Managing director · since 31 octobre 2022 · until 31 mars 2028

Active

Erik Masure

Managing director · since 28 juin 2022 · until 27 juin 2028

Active

Frank Preud'homme

Director · since 28 juin 2022 · until 27 juin 2028

Active

Ended mandates

Nathan O'Konek

Managing director · since 31 octobre 2022 · until 31 mars 2028

Ended

James Graham

Director · since 29 novembre 2019 · until 31 octobre 2022

Ended

James Graham

Director · since 29 novembre 2019 · until 28 novembre 2025

Ended

Nicolas Charles Anderson

Chairman of the board of directors · since 23 mai 2018 · until 31 octobre 2022

Ended

Annual accounts

Full financial information

	2024	2023	2022	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	9 months	12 months	12 months	12 months
Filing date	15/09/2025	01/08/2024	08/08/2023	19/08/2022	05/08/2021	17/07/2020
General meeting	24/06/2025	25/06/2024	27/06/2023	28/06/2022	29/06/2021	30/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	24/06/2025	15/09/2025	Dutch	PDF
Full model	31/12/2023	25/06/2024	01/08/2024	Dutch	PDF
m121-f-p	31/12/2023	20/03/2024	05/06/2024	English	PDF
Full model	31/12/2022	27/06/2023	08/08/2023	Dutch	PDF
Full model	31/03/2022	28/06/2022	19/08/2022	Dutch	PDF
Full model	31/03/2021	29/06/2021	05/08/2021	Dutch	PDF
Full model	31/03/2020	30/06/2020	17/07/2020	Dutch	PDF
Full model	31/03/2019	25/06/2019	20/08/2019	Dutch	PDF
Full model	31/03/2018	26/06/2018	01/08/2018	Dutch	PDF
Full model	31/03/2017	27/06/2017	29/06/2017	Dutch	PDF
Full model	31/03/2016	28/06/2016	29/06/2016	Dutch	PDF
Full model	31/03/2015	30/06/2015	01/07/2015	Dutch	PDF
Full model	31/03/2014	24/06/2014	25/06/2014	Dutch	PDF
Full model	31/03/2013	25/06/2013	26/06/2013	Dutch	PDF
Full model	31/03/2012	26/06/2012	10/09/2012	Dutch	PDF
Full model	31/03/2011	28/06/2011	25/07/2011	Dutch	PDF
Full model	31/03/2010	29/06/2010	30/06/2010	Dutch	PDF
Full model	31/03/2009	25/09/2009	14/10/2009	Dutch	PDF
Full model	31/03/2008	09/09/2008	24/09/2008	Dutch	PDF
Full model	31/03/2007	05/10/2007	17/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 8 active · 36 ended

Active mandates

Mike Gold

Director · since 15 mai 2025 · until 27 juin 2028

Active

Cederic Van Eccelpoel

Director · since 25 juin 2024 · until 29 juin 2027

Active

Tom Kinschots

Director · since 25 juin 2024 · until 29 juin 2027

Active

Christopher Edmunds

Managing director · since 31 octobre 2022 · until 31 mars 2028

Active

Jonathan Baliff

Managing director · since 31 octobre 2022 · until 31 mars 2028

Active

Peter Cannito JR

Managing director · since 31 octobre 2022 · until 31 mars 2028

Active

Erik Masure

Managing director · since 28 juin 2022 · until 27 juin 2028

Active

Frank Preud'homme

Director · since 28 juin 2022 · until 27 juin 2028

Active

Ended mandates

Nathan O'Konek

Managing director · since 31 octobre 2022 · until 31 mars 2028

Ended

James Graham

Director · since 29 novembre 2019 · until 31 octobre 2022

Ended

James Graham

Director · since 29 novembre 2019 · until 28 novembre 2025

Ended

Nicolas Charles Anderson

Chairman of the board of directors · since 23 mai 2018 · until 31 octobre 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/02/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other20/03/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates11/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2022
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2024
Annual accounts 2024-4,5 M €↓
2023
Annual accounts 2023-4 M €↓
2022
Annual accounts 20222,2 M €↓
2022
Annual accounts 20224,5 M €↑
2022
Name changeQINETIQ SPACE
2022
Name changeRedwire Space
2021
Annual accounts 2021920,4 k €↑
2020
Annual accounts 2020576,6 k €↓
2019
Annual accounts 20191,2 M €↑
2018
Annual accounts 2018971,4 k €↑
2017
Annual accounts 2017453,2 k €↓
2016
Annual accounts 20161,3 M €↑
2015
Annual accounts 20151,3 M €↓
2014
Annual accounts 20141,4 M €↓
2013
Annual accounts 20131,5 M €↑
2012
Annual accounts 20121,1 M €↓
2011
Annual accounts 20111,2 M €↑
2010
Annual accounts 2010439,9 k €↑
2009
Annual accounts 200949,3 k €↑
2008
Annual accounts 2008-2,2 M €
29/11/1989
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Redwire Space

Overview

What does Redwire Space do?

Trend over 18 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline