ACTIVE

CENTRE DE RECHERCHE EN AERONAUTIQUE

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Financial year 2025 · Closed on 31/12/2025

Net result317,9 k €+22 476,2 %over 1 year

Revenue3,2 M €-11,7 %over 1 year

Equity6,1 M €-27,0 %over 1 year

Workforce72,1 ETP+0,6 %over 1 year

Identity

Source · BCE/KBO

CENTRE DE RECHERCHE EN AERONAUTIQUE is a Non-profit organization incorporated in 2002. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Charleroi. It employs on average 72,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0477.703.125
Incorporation: 05/03/2002
Legal form: Non-profit organization
Registered office: Rue des Frères Wright 29
6041 Charleroi · WallonieSee on map
Latest accounts: 31/12/2025
Average workforce: 72,1 ETP

Activities (NACE)

72109Research and experimental development on natural sciences and engineering· main 72190Other research and experimental development on natural sciences and engineering 73100Advertising

Joint committees (1)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 22 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	3,2 M €	-11.7%	3,6 M €	+44.2%	2,5 M €	+1.9%	2,4 M €	+17.0%	2,1 M €
EBITDA	3,3 M €	+20.9%	2,7 M €	+135%	1,1 M €	+1234%	85,9 k €	+8.2%	79,5 k €
Operating result	444,9 k €	+3345%	12,9 k €	+238%	-9,4 k €	-164%	14,6 k €	-15.3%	17,2 k €
Net result	317,9 k €	+22476%	1,4 k €	-63.9%	3,9 k €	+200%	1,3 k €	-83.3%	7,8 k €
Balance sheet
Equity	6,1 M €	-27.0%	8,4 M €	-22.7%	10,9 M €	+37.1%	7,9 M €	+23.1%	6,4 M €
Total assets	17,2 M €	-45.7%	31,7 M €	-6.7%	33,9 M €	+2.3%	33,2 M €	+47.7%	22,5 M €
Cash	1,6 M €	-20.2%	1,9 M €	+46.9%	1,3 M €	-87.9%	11 M €	+29.4%	8,5 M €
Debts	10,6 M €	-53.5%	22,9 M €	+0.1%	22,9 M €	-8.4%	25 M €	+56.7%	15,9 M €
Other
Workforce	72,1 ETP	+0.6%	71,7 ETP	0.0%	71,7 ETP	-3.9%	74,6 ETP	+2.2%	73,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

15 active · 38 ended

Active mandates

Director	Function	Other mandatescurrentendedstruck offbankruptcies
Daniel SIMON	Mandate	000
GREGOIRE WINCKELMANS	Mandate	000
GREGORY COUSSEMENT	Mandate
GUY JANSSEN	Mandate	00
JEAN-FRANCOIS CORTEQUISSE	Mandate
JEAN-PHILIPPE PONTHOT	Mandate
Michel Coulon	Mandate	00
NATHALIE BURTEAU	Mandate	000
NICOLA PICCIRELLI	Mandate
NICOLAS VAN HILLE	Mandate
OLIVIER GILLIEAUX	Mandate
PIERRE GALLAND	Mandate
STEPHANIE TOUSSAINT	Mandate	000
Steve SCIARRABONE	Mandate
THIERRY COUNE	Mandate

Ended mandates

Director	Function	Other mandatescurrentendedstruck offbankruptcies
Alain Dangoisse	Mandate
ANDRE GREGOIRE	Mandate	000
Benoit GUYON	Mandate
BERNARD RENTIER	Mandate

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/07/2026	08/07/2025	17/07/2024	10/07/2023	08/08/2022	21/06/2021
General meeting	26/06/2026	27/06/2025	21/06/2024	27/06/2023	17/06/2022	21/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Full modelCorrection	31/12/2025	26/06/2026	03/07/2026	French	PDF
Full model	31/12/2025	26/06/2026	02/07/2026	French	PDF
Full model	31/12/2024	27/06/2025	08/07/2025	French	PDF
Full model	31/12/2023	21/06/2024	17/07/2024	French	PDF
Full model	31/12/2022	27/06/2023	10/07/2023	French	PDF
Full model	31/12/2021	17/06/2022	08/08/2022	French	PDF
Full model	31/12/2020	21/05/2021	21/06/2021	French	PDF
Full modelCorrection	31/12/2019	04/09/2020	14/04/2021	French	PDF
Full model	31/12/2019	04/09/2020	23/09/2020	French	PDF
Full model	31/12/2018	15/05/2019	27/05/2019	French	PDF
Full model	31/12/2017	16/05/2018	23/05/2018	French	PDF
Full model	31/12/2016	30/06/2017	14/07/2017	French	PDF
Full model	31/12/2015	28/06/2016	13/07/2016	French	PDF
Full model	31/12/2014	30/06/2015	14/07/2015	French	PDF
Full model	31/12/2013	27/06/2014	14/07/2014	French	PDF
Abridged model	31/12/2012	13/06/2013	30/07/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	14/07/2012	French	PDF
Abridged model	31/12/2010	19/05/2011	16/07/2011	French	PDF
Abridged model	31/12/2009	03/06/2010	25/07/2010	French	PDF
Abridged model	31/12/2008	27/04/2009	11/08/2009	French	PDF
Abridged model	31/12/2007	12/06/2008	29/07/2008	French	PDF
Abridged model	31/12/2006	05/06/2007	13/08/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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

15 active · 38 ended

Active mandates

Director	Function	Other mandatescurrentendedstruck offbankruptcies
Daniel SIMON	Mandate	000
GREGOIRE WINCKELMANS	Mandate	000
GREGORY COUSSEMENT	Mandate
GUY JANSSEN	Mandate	00
JEAN-FRANCOIS CORTEQUISSE	Mandate
JEAN-PHILIPPE PONTHOT	Mandate
Michel Coulon	Mandate	00
NATHALIE BURTEAU	Mandate	000
NICOLA PICCIRELLI	Mandate
NICOLAS VAN HILLE	Mandate
OLIVIER GILLIEAUX	Mandate
PIERRE GALLAND	Mandate
STEPHANIE TOUSSAINT	Mandate	000
Steve SCIARRABONE	Mandate
THIERRY COUNE	Mandate

Ended mandates

Director	Function	Other mandatescurrentendedstruck offbankruptcies
Alain Dangoisse	Mandate
ANDRE GREGOIRE	Mandate	000
Benoit GUYON	Mandate
BERNARD RENTIER	Mandate

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates05/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates07/11/2024
DEMISSIONS, NOMINATIONS
PDF
Other24/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates23/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates31/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates07/04/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates07/04/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates12/07/2021
DEMISSIONS, NOMINATIONS
PDF

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

See the Business plan

Timeline

2025
Annual accounts 2025317,9 k €↑
2024
Annual accounts 20241,4 k €↓
2023
Annual accounts 20233,9 k €↑
2022
Annual accounts 20221,3 k €↓
2021
Annual accounts 20217,8 k €↑
2020
Annual accounts 2020-303,1 k €↓
2019
Annual accounts 20193 k €↓
2018
Annual accounts 2018117,8 k €↑
2017
Annual accounts 201768,6 k €↓
2016
Annual accounts 2016136,8 k €↓
2015
Annual accounts 2015163,2 k €↑
2014
Annual accounts 2014-63,9 k €↓
2013
Annual accounts 20132,2 k €↓
2012
Annual accounts 201274,2 k €↓
2011
Annual accounts 2011167,5 k €↑
2010
Annual accounts 2010139,3 k €↑
2008
Annual accounts 2008126,5 k €
05/03/2002
IncorporationNon-profit organization

CENTRE DE RECHERCHE EN AERONAUTIQUE

Overview

Identity

Financials

Valuation

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

Timeline