ACTIVE

AEROSPACE, SECURITY AND DEFENCE INDUSTRIES ASSOCIATION OF EUROPE

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Financial year 2025 · Closed on 31/12/2025

Net result1,8 k €-89,5 %over 1 year
Equity2,5 M €+0,1 %over 1 year
Workforce25,4 ETP+26,4 %over 1 year

Identity

Source · BCE/KBO

AEROSPACE, SECURITY AND DEFENCE INDUSTRIES ASSOCIATION OF EUROPE is a International non-profit organization incorporated in 1995. Its main activity is: Market research and public opinion polling. 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

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue–––––
EBITDA177,2 k €193,7 k €168,2 k €280,1 k €125,8 k €
Operating result7,5 k €22 k €68,5 k €204,5 k €71,6 k €
Net result1,8 k €16,9 k €63 k €187,7 k €178,6 k €
Balance sheet
Equity2,5 M €2,5 M €2,5 M €2,5 M €2,3 M €
Total assets3,7 M €3,9 M €3,6 M €3,3 M €3,3 M €
Cash2,3 M €2,5 M €2,5 M €2,6 M €2,6 M €
Debts918,9 k €1,1 M €789 k €667,7 k €856,9 k €
Other
Workforce25,4 ETP20,1 ETP16,6 ETP15,5 ETP15,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

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

Board of directors

Source · NBB, accounts to 31/12/2025

32 active · 39 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
KNDSRepresented by Frank HAUN
Directorsince 13/04/2023
SOPRA STERIARepresented by Laurent GIOVACHINI
Directorsince 13/04/2023
A.I.A.DRepresented by Carlo FESTUCCI
Director
ADSRepresented by Paul EVERITT
Director
AEDCPRepresented by Jose Antonio SALVADO NEVES
Director
Airbus SASRepresented by Tom ENDERS
DirectorChairman of the board of directorsendedVice-chairman of the board of directorsended
BAE SYSTEMSRepresented by Charles WOODBURN
Director
BDLIRepresented by Marie-Christine VON HAHN
Director
DASSAULT AVIATION SARepresented by Eric TRAPPIER
DirectorChairman of the board of directorsendedVice-chairman of the board of directorsended
DIEHLRepresented by Helmut RAUCH
Director
FINCANTIERI S.P.ARepresented by Giuseppe GIORDO
Director
G.I.F.A.SRepresented by Pierre BOURLOT
Director
GKN AEROSPACE SERVICES LTDRepresented by Peter DILNOT
Director
HENSOLDTRepresented by Tomas MÜLER
Director
INDRARepresented by Ignacio MATAIX
Director
KONGSBERG, DEFENCE & AEROSPACERepresented by Eirik LIE
Director
LDSIARepresented by Egidijus SKUZINSKAS
Director
Leonardo SpARepresented by Alessandro PROFUMO
DirectorChairman of the board of directorsended
Liebherr-Aerospace Lindenberg GmbHRepresented by Arndt SCHOENEMANN
Director
MBDA FRANCERepresented by Eric BERANGER
Vice-chairman of the board of directorsDirectorended
NAVAL GROUP SARepresented by Pierre Eric POMMELLET
Director
Navantia S.ARepresented by Garcia VILASANCHEZ
Director
NIDVRepresented by Hans HUIGEN
Director
PATRIA OYJRepresented by Esa RAUTALINKO
Director
PGZ SARepresented by Adam LESZKIEWICZ
Director
ROLLS-ROYCERepresented by Tufan ERGINBILGIC
Director
SAABRepresented by Micael JOHANSSON
Chairman of the board of directorsVice-chairman of the board of directorsendedDirectorended
SAFRANRepresented by Olivier ANDRIES
Director
SASADRepresented by Osman OKYAY
Director
SOFFRepresented by Robert LIMMERGARD
Director
TEDAERepresented by Riccardo MATRIX FLUXA
Director
THALESRepresented by Patrice CAINE
Director

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
AFDARepresented by Tuija KARANKO
Directorsince 15/06/2023
AGORIA0406.605.390Represented by Georges HEEREN
Directorsince 15/06/2023
OPIARepresented by Gabriel TUTU
Directorsince 15/06/2023
WKÖRepresented by Reinhard MARAK
Directorsince 15/06/2023

Other companies at this address

Rue du Trône 100 1050 Ixelles
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AFORE CONSULTING● Active
0893.445.323
BIKESQUARE● Active
0769.600.572
FoodServiceEurope● Active
0441.722.855
ROCKFORE● Active
0804.236.007
Stiff Belgium Factory● Active
0771.985.584
Unité d'Investigations● Active
0457.432.402
Wise Europe● Active
0713.629.988

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 date15/06/202610/07/202511/07/202409/06/202324/06/202225/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

32 active · 39 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
KNDSRepresented by Frank HAUN
Directorsince 13/04/2023
SOPRA STERIARepresented by Laurent GIOVACHINI
Directorsince 13/04/2023
A.I.A.DRepresented by Carlo FESTUCCI
Director
ADSRepresented by Paul EVERITT
Director
AEDCPRepresented by Jose Antonio SALVADO NEVES
Director
Airbus SASRepresented by Tom ENDERS
DirectorChairman of the board of directorsendedVice-chairman of the board of directorsended
BAE SYSTEMSRepresented by Charles WOODBURN
Director
BDLIRepresented by Marie-Christine VON HAHN
Director
DASSAULT AVIATION SARepresented by Eric TRAPPIER
DirectorChairman of the board of directorsendedVice-chairman of the board of directorsended
DIEHLRepresented by Helmut RAUCH
Director
FINCANTIERI S.P.ARepresented by Giuseppe GIORDO
Director
G.I.F.A.SRepresented by Pierre BOURLOT
Director
GKN AEROSPACE SERVICES LTDRepresented by Peter DILNOT
Director
HENSOLDTRepresented by Tomas MÜLER
Director
INDRARepresented by Ignacio MATAIX
Director
KONGSBERG, DEFENCE & AEROSPACERepresented by Eirik LIE
Director
LDSIARepresented by Egidijus SKUZINSKAS
Director
Leonardo SpARepresented by Alessandro PROFUMO
DirectorChairman of the board of directorsended
Liebherr-Aerospace Lindenberg GmbHRepresented by Arndt SCHOENEMANN
Director
MBDA FRANCERepresented by Eric BERANGER
Vice-chairman of the board of directorsDirectorended
NAVAL GROUP SARepresented by Pierre Eric POMMELLET
Director
Navantia S.ARepresented by Garcia VILASANCHEZ
Director
NIDVRepresented by Hans HUIGEN
Director
PATRIA OYJRepresented by Esa RAUTALINKO
Director
PGZ SARepresented by Adam LESZKIEWICZ
Director
ROLLS-ROYCERepresented by Tufan ERGINBILGIC
Director
SAABRepresented by Micael JOHANSSON
Chairman of the board of directorsVice-chairman of the board of directorsendedDirectorended
SAFRANRepresented by Olivier ANDRIES
Director
SASADRepresented by Osman OKYAY
Director
SOFFRepresented by Robert LIMMERGARD
Director
TEDAERepresented by Riccardo MATRIX FLUXA
Director
THALESRepresented by Patrice CAINE
Director

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
AFDARepresented by Tuija KARANKO
Directorsince 15/06/2023
AGORIA0406.605.390Represented by Georges HEEREN
Directorsince 15/06/2023
OPIARepresented by Gabriel TUTU
Directorsince 15/06/2023
WKÖRepresented by Reinhard MARAK
Directorsince 15/06/2023

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates23/09/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • 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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings19 filings
Mandates
AGORIA
AFDA
OPIA
WKÖ
KNDS
SOPRA STERIA
Jan PIE
Gert RUNDE
19951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
A.S.D
Rue du Trône 100 bte 6e etage, 1050 Ixelles
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue du Trône 100 bte 6e etage, 1050 IxellesCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00160928

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
AEROSPACE, SECURITY AND DEFENCE INDUSTRIES ASSOCIATION OF EUROPECurrent
CBE
A.S.D
accounts 2021 → 2025
Accounts 2025 · 2026-00160928

Events

  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