ACTIVE

ASL Maintenance Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result-1,1 M €-884,2 %over 1 year

Revenue27,3 M €-5,1 %over 1 year

Equity6 M €-15,7 %over 1 year

Workforce141,7 ETP-3,9 %over 1 year

Identity

Source · BCE/KBO

ASL Maintenance Belgium is a Public limited company incorporated in 2009. Its main activity is: Repair and maintenance of aircraft and spacecraft. Its registered office is in Grâce-Hollogne. It employs on average 141,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0812.680.153
Incorporation: 22/06/2009
Legal form: Public limited company
Registered office: Rue de l'Aéroport 100
4460 Grâce-Hollogne · WallonieSee on map
Contributed capital: 3 526 598,00 €
Latest accounts: 31/12/2025
Average workforce: 141,7 ETP

Activities (NACE)

33160Repair and maintenance of aircraft and spacecraft· main 33160Repair and maintenance of aircraft and spacecraft

Joint committees (1)

31501

Signals

Solid equityGood liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 16 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	27,3 M €	-5.1%	28,7 M €	-3.9%	29,9 M €	+12.2%	26,6 M €	-2.2%	27,3 M €
EBITDA	-750,8 k €	-189%	840,1 k €	+901%	-104,8 k €	+36.8%	-165,9 k €	-113%	1,3 M €
Operating result	-1,1 M €	-477%	291,6 k €	+156%	-517,2 k €	-20.7%	-428,6 k €	-132%	1,3 M €
Net result	-1,1 M €	-884%	141,1 k €	+126%	-534,5 k €	-4.5%	-511,6 k €	-163%	816,4 k €
Balance sheet
Equity	6 M €	-15.7%	7,1 M €	+2.0%	6,9 M €	-7.2%	7,5 M €	-6.4%	8 M €
Total assets	16,5 M €	-6.1%	17,6 M €	+15.2%	15,3 M €	-2.6%	15,7 M €	+4.9%	15 M €
Cash	335,5 k €	-77.1%	1,5 M €	+31.7%	1,1 M €	-75.0%	4,4 M €	+23.9%	3,6 M €
Debts	10,1 M €	+0.4%	10 M €	+23.9%	8,1 M €	+1.6%	8 M €	+19.0%	6,7 M €
Other
Workforce	141,7 ETP	-3.9%	147,4 ETP	-4.6%	154,5 ETP	-2.4%	158,3 ETP	-7.9%	171,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 39 ended

Active mandates

Fergus Wilson

Director · since 08 août 2022 · until 13 avril 2027

Active

Mark O'Kelly

Director · since 08 août 2022 · until 13 avril 2027

Active

Colin Grant

Director · since 25 mai 2016 · until 13 avril 2027

Active

Marc Bollinne

Director · since 30 juin 2015 · until 13 avril 2027

Active

Ended mandates

Geraud De Riberolles

Director · since 16 novembre 2020 · until 18 juin 2021

Ended

Geraud De Riberolles

Director · since 16 novembre 2020 · until 08 août 2022

Ended

Geraud De Riberolles

Director · since 16 novembre 2020 · until 13 avril 2027

Ended

Philippe Delisle

Director · since 30 juin 2018 · until 13 avril 2021

Ended

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	10/07/2026	23/07/2025	06/08/2024	13/07/2023	14/07/2022	13/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	24/06/2022	18/06/2021
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, 16 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	10/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	23/07/2025	French	PDF
Full model	31/12/2023	28/06/2024	06/08/2024	French	PDF
Full model	31/12/2022	30/06/2023	13/07/2023	French	PDF
Full model	31/12/2021	24/06/2022	14/07/2022	French	PDF
Full model	31/12/2020	18/06/2021	13/07/2021	French	PDF
Full model	31/12/2019	30/06/2020	13/07/2020	French	PDF
Full model	31/12/2018	14/06/2019	28/06/2019	French	PDF
Full model	31/12/2017	14/06/2018	05/09/2018	French	PDF
Full model	31/12/2016	09/06/2017	29/06/2017	French	PDF
Full model	31/12/2015	30/06/2016	12/07/2016	French	PDF
Full model	31/12/2014	30/06/2015	30/06/2015	French	PDF
Full model	31/12/2013	17/06/2014	26/06/2014	French	PDF
Full model	31/12/2012	17/05/2013	27/06/2013	French	PDF
Full model	31/12/2011	19/06/2012	27/06/2012	French	PDF
Full model	31/12/2010	24/05/2011	16/06/2011	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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

4 active · 39 ended

Active mandates

Fergus Wilson

Director · since 08 août 2022 · until 13 avril 2027

Active

Mark O'Kelly

Director · since 08 août 2022 · until 13 avril 2027

Active

Colin Grant

Director · since 25 mai 2016 · until 13 avril 2027

Active

Marc Bollinne

Director · since 30 juin 2015 · until 13 avril 2027

Active

Ended mandates

Geraud De Riberolles

Director · since 16 novembre 2020 · until 18 juin 2021

Ended

Geraud De Riberolles

Director · since 16 novembre 2020 · until 08 août 2022

Ended

Geraud De Riberolles

Director · since 16 novembre 2020 · until 13 avril 2027

Ended

Philippe Delisle

Director · since 30 juin 2018 · until 13 avril 2021

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates05/08/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates26/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION
PDF
Mandates19/06/2023
DEMISSIONS, NOMINATIONS
PDF
Other16/09/2022
DIVERS
PDF
Mandates15/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates16/03/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates14/05/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates23/01/2020
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 2025-1,1 M €↓
2024
Annual accounts 2024141,1 k €↑
2023
Annual accounts 2023-534,5 k €↓
2023
Name changeASL Maintenance Belgium
2022
Annual accounts 2022-511,6 k €↓
2021
Annual accounts 2021816,4 k €↑
2020
Annual accounts 2020626,5 k €↓
2019
Annual accounts 2019800,9 k €↓
2018
Annual accounts 2018997 k €↑
2017
Annual accounts 2017980 k €↑
2016
Annual accounts 2016689,1 k €↑
2015
Annual accounts 2015666,3 k €↓
2014
Annual accounts 2014950,9 k €↑
2013
Annual accounts 201355,8 k €↓
2012
Annual accounts 2012664,6 k €↑
2011
Annual accounts 2011208,5 k €↑
2010
Annual accounts 2010-461,1 k €
2010
Name changeX-Airservices
22/06/2009
IncorporationPublic limited company

ASL Maintenance Belgium

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