ACTIVE

ULPOWER AERO ENGINES

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Financial year 2025 · Closed on 31/12/2025

Net result788,7 k €+472,6 %over 1 year
Gross margin1,2 M €+163,4 %over 1 year
Equity2 M €+67,2 %over 1 year
Workforce2,6 ETP+44,4 %over 1 year

Identity

Source · BCE/KBO

ULPOWER AERO ENGINES is a Public limited company incorporated in 2006. Its main activity is: Manufacture of air and spacecraft and related machinery. Its registered office is in Ieper. It employs on average 2,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0880.044.475
Incorporation
17/03/2006
Legal form
Public limited company
Registered office
Zonnebeekseweg 379
8900 Ieper · FlandreSee on map
Contributed capital
296 250,00 €
Latest accounts
31/12/2025
Average workforce
2,6 ETP
Joint committees (3)
  • 100
  • 111
  • 209
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin1,2 M €444,7 k €549,9 k €432,2 k €299,5 k €
EBITDA1 M €325,9 k €439,1 k €329,5 k €207,9 k €
Operating result917,2 k €204,3 k €304,5 k €244,5 k €144,7 k €
Net result788,7 k €137,7 k €227,5 k €213,2 k €144,9 k €
Balance sheet
Equity2 M €1,2 M €1 M €808,5 k €595,3 k €
Total assets2,5 M €2,3 M €1,8 M €1,6 M €1,3 M €
Cash356,4 k €855,8 k €213,7 k €211,4 k €292,2 k €
Debts363,9 k €490,3 k €779,1 k €811,3 k €738,1 k €
Other
Workforce2,6 ETP1,8 ETP1,8 ETP1,8 ETP1,8 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

3 active · 23 ended

Active mandates

Patrick Denorme

Managing director

Active
ROPA

Director · 0430.249.240

Represented by Nicolas Josson

Active
SPARK ENGINES

Director · 0875.864.270

Represented by Pascal D'hondt

Active

Ended mandates

PATRICK DENORME

Managing director · since 27 mai 2011 · until 30 avril 2017

Ended
ROPA

Director · since 27 mai 2011 · until 30 avril 2017 · 0430.249.240

Represented by NICOLAS JOSSON

Ended
SPARK ENGINES

Director · since 27 mai 2011 · until 30 avril 2017 · 0875.864.270

Represented by PASCAL D HONDT

Ended
ROPA

Chairman of the board of directors · since 22 janvier 2007 · until 29 avril 2011 · 0430.249.240

Represented by NICOLAS JOSSON

Ended

Other companies at this address

Zonnebeekseweg 379 8900 Ieper
CompanyCBE no.
FLANDERS FAGROBEL● Active
0887.584.840
Industrial Manufacturing Company● Active
0845.351.139

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date20/07/202628/04/202529/05/202408/05/202331/05/202226/07/2021
General meeting30/06/202625/04/202526/04/202428/04/202329/04/202230/04/2021
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, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202620/07/2026DutchPDF
Abridged model31/12/202425/04/202528/04/2025DutchPDF
Abridged model31/12/202326/04/202429/05/2024DutchPDF
Abridged model31/12/202228/04/202308/05/2023DutchPDF
Abridged model31/12/202129/04/202231/05/2022DutchPDF
Abridged model31/12/202030/04/202126/07/2021DutchPDF
Abridged model31/12/201924/04/202022/07/2020DutchPDF
Abridged model31/12/201826/04/201930/07/2019DutchPDF
Abridged model31/12/201727/04/201826/06/2018DutchPDF
Abridged model31/12/201629/04/201720/06/2017DutchPDF
Abridged model31/12/201530/04/201628/06/2016DutchPDF
Abridged model31/12/201425/04/201530/04/2015DutchPDF
Abridged model31/12/201326/04/201427/06/2014DutchPDF
Abridged model31/12/201227/04/201321/06/2013DutchPDF
Abridged model31/12/201128/04/201227/06/2012DutchPDF
Abridged model31/12/201027/05/201124/06/2011DutchPDF
Abridged model31/12/200930/05/201029/06/2010DutchPDF
Abridged model31/12/200831/05/200929/06/2009DutchPDF
Abridged model31/12/200725/04/200822/05/2008DutchPDF

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

3 active · 23 ended

Active mandates

Patrick Denorme

Managing director

Active
ROPA

Director · 0430.249.240

Represented by Nicolas Josson

Active
SPARK ENGINES

Director · 0875.864.270

Represented by Pascal D'hondt

Active

Ended mandates

PATRICK DENORME

Managing director · since 27 mai 2011 · until 30 avril 2017

Ended
ROPA

Director · since 27 mai 2011 · until 30 avril 2017 · 0430.249.240

Represented by NICOLAS JOSSON

Ended
SPARK ENGINES

Director · since 27 mai 2011 · until 30 avril 2017 · 0875.864.270

Represented by PASCAL D HONDT

Ended
ROPA

Chairman of the board of directors · since 22 janvier 2007 · until 29 avril 2011 · 0430.249.240

Represented by NICOLAS JOSSON

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates05/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/06/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office27/07/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates13/07/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares07/11/2008
    KAPITAAL - AANDELEN
    PDF
  • Mandates11/08/2008
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/01/2008
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares20/12/2007
    KAPITAAL - AANDELEN
    PDF

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 2025788,7 k €↑
  2. 2024
    Annual accounts 2024137,7 k €↓
  3. 2023
    Annual accounts 2023227,5 k €↑
  4. 2022
    Annual accounts 2022213,2 k €↑
  5. 2021
    Annual accounts 2021144,9 k €↑
  6. 2021
    Name changeUL POWER AERO ENGINES
  7. 2020
    Annual accounts 20202 k €↓
  8. 2019
    Annual accounts 2019137,2 k €↑
  9. 2018
    Annual accounts 2018100,4 k €↑
  10. 2017
    Annual accounts 201756,8 k €↑
  11. 2016
    Annual accounts 2016-101,3 k €↓
  12. 2015
    Annual accounts 2015-31,7 k €↓
  13. 2014
    Annual accounts 201421,9 k €↑
  14. 2013
    Annual accounts 2013-11,4 k €↓
  15. 2012
    Annual accounts 201215,1 k €↓
  16. 2011
    Annual accounts 2011134,9 k €↑
  17. 2010
    Annual accounts 201071,6 k €↑
  18. 2009
    Annual accounts 2009-15,2 k €↑
  19. 2008
    Annual accounts 2008-88,9 k €↑
  20. 2007
    Annual accounts 2007-137,4 k €
  21. 2007
    Name changeULPOWER AERO ENGINES
  22. 17/03/2006
    IncorporationPublic limited company