ACTIVE

AEROSPACE, SECURITY AND DEFENCE INDUSTRIES ASSOCIATION OF EUROPE

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Financial year 2025 · closed on 31/12/2025
Net result
1,8 k €
-89.5% YoY
Equity
2,5 M €
+0.1% YoY
Workforce
25,4 ETP
+26.4% YoY

What does AEROSPACE, SECURITY AND DEFENCE INDUSTRIES ASSOCIATION OF EUROPE do?

AEROSPACE, SECURITY AND DEFENCE INDUSTRIES ASSOCIATION OF EUROPE is a International non-profit organization incorporated in 1995. Its registered office is in Ixelles. It employs on average 25,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0456.592.559
Incorporation
07/12/1995
Legal form
International non-profit organization
Registered office
Rue du Trône 100 box 6e etage
1050 Ixelles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
25,4 ETP
Joint committees (4)
  • 100
  • 200
  • 218
  • 337
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Revenue––––––––––––––––11,5 k €2,3 M €6,2 M €
EBITDA177,2 k €193,7 k €168,2 k €280,1 k €125,8 k €342,4 k €167,6 k €94 k €29,6 k €-32,9 k €-27,2 k €512,4 k €639,2 k €153,8 k €190,9 k €6,2 k €86,6 k €65,6 k €42,4 k €
Operating result7,5 k €22 k €68,5 k €204,5 k €71,6 k €272,9 k €99,7 k €22,3 k €-58 k €-147,9 k €-130,1 k €425,4 k €590,2 k €20,5 k €140,5 k €-38,7 k €42,7 k €26 k €-7,4 k €
Net result1,8 k €16,9 k €63 k €187,7 k €178,6 k €287,2 k €110,1 k €37 k €-43,2 k €-125,8 k €-104,4 k €17,2 k €578,9 k €5,6 k €4,8 k €-124,7 k €13,2 k €15,3 k €17,1 k €
Balance sheet
Equity2,5 M €2,5 M €2,5 M €2,5 M €2,3 M €2,1 M €1,9 M €1,8 M €1,8 M €1,9 M €2,1 M €2,2 M €1,9 M €1,3 M €1,3 M €1,3 M €1,5 M €1,4 M €1,4 M €
Total assets3,7 M €3,9 M €3,6 M €3,3 M €3,3 M €2,9 M €3,1 M €2,9 M €3 M €3,2 M €3,3 M €3,6 M €3,5 M €4,1 M €4 M €4,7 M €9 M €7,9 M €7,1 M €
Cash2,3 M €2,5 M €2,5 M €2,6 M €2,6 M €2,5 M €2,6 M €2,2 M €2,4 M €2,7 M €2,8 M €2,9 M €3 M €2,1 M €2,3 M €2,1 M €2,1 M €2,5 M €3,3 M €
Debts918,9 k €1,1 M €789 k €667,7 k €856,9 k €679,9 k €1,1 M €1 M €1,1 M €1,2 M €1,1 M €1,2 M €1,3 M €2,5 M €2,6 M €3,2 M €7,3 M €6,1 M €5,4 M €
Other
Workforce25,4 ETP20,1 ETP16,6 ETP15,5 ETP15,2 ETP15,6 ETP18,3 ETP17,8 ETP17,2 ETP15,5 ETP15,6 ETP14,4 ETP15,0 ETP16,3 ETP17,8 ETP18,0 ETP19,0 ETP21,3 ETP20,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 32 active · 59 ended

Active mandates

A.I.A.D

Director

Represented by Carlo FESTUCCI

Active
ADS

Director

Represented by Paul EVERITT

Active
AEDCP

Director

Represented by Jose Antonio SALVADO NEVES

Active
AIRBUS SAS

Director

Represented by Guillaume FAURY

Active
BAE SYSTEMS

Director

Represented by Charles WOODBURN

Active
BDLI

Director

Represented by Marie-Christine VON HAHN

Active
DASSAULT AVIATION SA

Director

Represented by Eric TRAPPIER

Active
DIEHL

Director

Represented by Helmut RAUCH

Active
FINCANTIERI S.P.A

Director

Represented by Giuseppe GIORDO

Active
G.I.F.A.S

Director

Represented by Pierre BOURLOT

Active
GKN AEROSPACE SERVICES LTD

Director

Represented by Peter DILNOT

Active
HENSOLDT

Director

Represented by Tomas MÜLER

Active
INDRA

Director

Represented by Ignacio MATAIX

Active
KNDS

Director

Represented by Jean-Paul ALARY

Active
KONGSBERG, DEFENCE & AEROSPACE

Director

Represented by Eirik LIE

Active
LDSIA

Director

Represented by Egidijus SKUZINSKAS

Active
LEONARDO SPA

Director

Represented by Roberto Cingolani

Active
LIEBHERR-AEROSPACE LINDENBERG GMBH

Director

Represented by Klaus SCHNEIDER

Active
MBDA FRANCE

Vice-chairman of the board of directors

Represented by Eric BERANGER

Active
NAVAL GROUP SA

Director

Represented by Pierre Eric POMMELLET

Active
NAVANTIA S.A

Director

Represented by Susana DE SARRIA

Active
NIDV

Director

Represented by Hans HUIGEN

Active
PATRIA OYJ

Director

Represented by Esa RAUTALINKO

Active
PGZ SA

Director

Represented by Adam LESZKIEWICZ

Active
ROLLS-ROYCE

Director

Represented by Tufan ERGINBILGIC

Active
SAAB

Chairman of the board of directors

Represented by Micael JOHANSSON

Active
SAFRAN

Director

Represented by Olivier ANDRIES

Active
SASAD

Director

Represented by Osman OKYAY

Active
SOFF

Director

Represented by Robert LIMMERGARD

Active
SOPRA STERIA

Director

Represented by Rajesh KRISHNAMURTHY

Active
TEDAE

Director

Represented by Riccardo MATRIX FLUXA

Active
THALES

Director

Represented by Patrice CAINE

Active

Ended mandates

AFDA

Director · since 15 juin 2023

Represented by Tuija KARANKO

Ended
AGORIA

Director · since 15 juin 2023 · 0406.605.390

Represented by Georges HEEREN

Ended
OPIA

Director · since 15 juin 2023

Represented by Gabriel TUTU

Ended
WKÖ

Director · since 15 juin 2023

Represented by Reinhard MARAK

Ended
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Annual accounts

Full financial information

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 date15/06/202610/07/202511/07/202409/06/202324/06/202225/06/2021
General meeting28/05/202623/06/202514/06/202418/05/202327/05/202215/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202528/05/202615/06/2026FrenchPDF
Full model31/12/202423/06/202510/07/2025FrenchPDF
Full model31/12/202314/06/202411/07/2024FrenchPDF
Full model31/12/202218/05/202309/06/2023FrenchPDF
Full model31/12/202127/05/202224/06/2022FrenchPDF
Full model31/12/202015/06/202125/06/2021FrenchPDF
Full model31/12/201929/05/202022/07/2020FrenchPDF
Full model31/12/201828/05/201924/07/2019FrenchPDF
Full model31/12/201718/05/201805/07/2018FrenchPDF
Full model31/12/201630/05/201729/08/2017FrenchPDF
Full model31/12/201502/12/201620/12/2016FrenchPDF
Full model31/12/201431/03/201529/06/2015FrenchPDF
Full model31/12/201323/04/201420/08/2014FrenchPDF
Full model31/12/201218/04/201326/09/2013FrenchPDF
Full model31/12/201119/04/201223/08/2012FrenchPDF
Full model31/12/201030/06/201120/07/2011FrenchPDF
Full model31/12/200915/04/201031/08/2010FrenchPDF
Full model31/12/200817/04/200918/08/2009FrenchPDF
Full model31/12/200716/04/200806/08/2008FrenchPDF
Full model31/12/200630/04/200701/08/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 32 active · 59 ended

Active mandates

A.I.A.D

Director

Represented by Carlo FESTUCCI

Active
ADS

Director

Represented by Paul EVERITT

Active
AEDCP

Director

Represented by Jose Antonio SALVADO NEVES

Active
AIRBUS SAS

Director

Represented by Guillaume FAURY

Active
BAE SYSTEMS

Director

Represented by Charles WOODBURN

Active
BDLI

Director

Represented by Marie-Christine VON HAHN

Active
DASSAULT AVIATION SA

Director

Represented by Eric TRAPPIER

Active
DIEHL

Director

Represented by Helmut RAUCH

Active
FINCANTIERI S.P.A

Director

Represented by Giuseppe GIORDO

Active
G.I.F.A.S

Director

Represented by Pierre BOURLOT

Active
GKN AEROSPACE SERVICES LTD

Director

Represented by Peter DILNOT

Active
HENSOLDT

Director

Represented by Tomas MÜLER

Active
INDRA

Director

Represented by Ignacio MATAIX

Active
KNDS

Director

Represented by Jean-Paul ALARY

Active
KONGSBERG, DEFENCE & AEROSPACE

Director

Represented by Eirik LIE

Active
LDSIA

Director

Represented by Egidijus SKUZINSKAS

Active
LEONARDO SPA

Director

Represented by Roberto Cingolani

Active
LIEBHERR-AEROSPACE LINDENBERG GMBH

Director

Represented by Klaus SCHNEIDER

Active
MBDA FRANCE

Vice-chairman of the board of directors

Represented by Eric BERANGER

Active
NAVAL GROUP SA

Director

Represented by Pierre Eric POMMELLET

Active
NAVANTIA S.A

Director

Represented by Susana DE SARRIA

Active
NIDV

Director

Represented by Hans HUIGEN

Active
PATRIA OYJ

Director

Represented by Esa RAUTALINKO

Active
PGZ SA

Director

Represented by Adam LESZKIEWICZ

Active
ROLLS-ROYCE

Director

Represented by Tufan ERGINBILGIC

Active
SAAB

Chairman of the board of directors

Represented by Micael JOHANSSON

Active
SAFRAN

Director

Represented by Olivier ANDRIES

Active
SASAD

Director

Represented by Osman OKYAY

Active
SOFF

Director

Represented by Robert LIMMERGARD

Active
SOPRA STERIA

Director

Represented by Rajesh KRISHNAMURTHY

Active
TEDAE

Director

Represented by Riccardo MATRIX FLUXA

Active
THALES

Director

Represented by Patrice CAINE

Active

Ended mandates

AFDA

Director · since 15 juin 2023

Represented by Tuija KARANKO

Ended
AGORIA

Director · since 15 juin 2023 · 0406.605.390

Represented by Georges HEEREN

Ended
OPIA

Director · since 15 juin 2023

Represented by Gabriel TUTU

Ended
WKÖ

Director · since 15 juin 2023

Represented by Reinhard MARAK

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates22/01/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/09/2025
    DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/06/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/03/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/08/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/09/2022
    DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates22/09/2021
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 20251,8 k €↓
  2. 2024
    Annual accounts 202416,9 k €↓
  3. 2023
    Annual accounts 202363 k €↓
  4. 2022
    Annual accounts 2022187,7 k €↑
  5. 2021
    Annual accounts 2021178,6 k €↓
  6. 2020
    Annual accounts 2020287,2 k €↑
  7. 2019
    Annual accounts 2019110,1 k €↑
  8. 2018
    Annual accounts 201837 k €↑
  9. 2017
    Annual accounts 2017-43,2 k €↑
  10. 2016
    Annual accounts 2016-125,8 k €↓
  11. 2015
    Annual accounts 2015-104,4 k €↓
  12. 2014
    Annual accounts 201417,2 k €↓
  13. 2013
    Annual accounts 2013578,9 k €↑
  14. 2012
    Annual accounts 20125,6 k €↑
  15. 2011
    Annual accounts 20114,8 k €↑
  16. 2010
    Annual accounts 2010-124,7 k €↓
  17. 2009
    Annual accounts 200913,2 k €↓
  18. 2008
    Annual accounts 200815,3 k €↓
  19. 2007
    Annual accounts 200717,1 k €
  20. 07/12/1995
    IncorporationInternational non-profit organization