ACTIVE

Patria Belgium Engine Center

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Financial year 2025 · Closed on 31/12/2025

Net result5,2 M €+100,7 %over 1 year
Revenue52,8 M €+26,1 %over 1 year
Equity29,4 M €+21,3 %over 1 year
Workforce117,6 ETP-9,8 %over 1 year

Identity

Source · BCE/KBO

Patria Belgium Engine Center is a Private limited company incorporated in 2008. Its main activity is: Manufacture of air and spacecraft and related machinery. Its registered office is in Herstal. It employs on average 117,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0898.937.602
Incorporation
01/07/2008
Legal form
Private limited company
Registered office
Rue du Fond des Fourches 23
4041 Herstal · WallonieSee on map
Contributed capital
8 202 452,00 €
Latest accounts
31/12/2025
Average workforce
117,6 ETP
Joint committees (2)
  • 111
  • 209
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 17 financial years

20252024202320222021
Income statement
Revenue52,8 M €41,8 M €55,8 M €65,2 M €44,2 M €
EBITDA11,1 M €4,8 M €9 M €9,5 M €6 M €
Operating result6,8 M €3,7 M €6,4 M €6,8 M €4,8 M €
Net result5,2 M €2,6 M €4,8 M €4,5 M €2,6 M €
Balance sheet
Equity29,4 M €24,2 M €26,7 M €26,8 M €27,4 M €
Total assets50,2 M €61,8 M €60,6 M €74,1 M €77,5 M €
Cash938 k €3,2 M €2,4 M €15,4 M €16,2 M €
Debts18,5 M €34,4 M €29,2 M €42,4 M €47,3 M €
Other
Workforce117,6 ETP130,4 ETP117,7 ETP119,5 ETP110,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 51 ended

Active mandates

Mika HAKANEN

Director · since 01 août 2025

Active
Mikko KILPELÄINEN

Director · since 01 juin 2025

Active
Pekka RUUTU

Director · since 01 juin 2025

Active
Mikko LEINO

Director · since 22 juin 2024 · until 31 mai 2025

Active
Aleksi OJALA

Director · since 17 janvier 2022 · until 31 mai 2025

Active
Hugo VANBOCKRYCK

Director · since 02 mars 2020

Active
Marjut Johanna PORKKA

Director · since 16 juin 2019

Active
Jukka Markus HOLKERI

Director · since 29 mai 2019 · until 31 mai 2025

Active

Ended mandates

Mikko LEINO

Director · since 22 juin 2024

Ended
Aleksi OJALA

Director · since 17 janvier 2022

Ended
Manu SKYTTÄ

Director · since 17 janvier 2022 · until 31 juillet 2024

Ended
Manu SKYTTÄ

Director · since 17 janvier 2022

Ended

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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 date15/06/202623/05/202525/06/202414/06/202313/06/202217/06/2021
General meeting19/05/202620/05/202521/06/202416/05/202317/05/202218/05/2021
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
Full model31/12/202519/05/202615/06/2026FrenchPDF
Full model31/12/202420/05/202523/05/2025FrenchPDF
Full model31/12/202321/06/202425/06/2024FrenchPDF
Full model31/12/202216/05/202314/06/2023FrenchPDF
Full model31/12/202117/05/202213/06/2022FrenchPDF
Full model31/12/202018/05/202117/06/2021FrenchPDF
Full model31/12/201919/05/202027/07/2020FrenchPDF
Full model31/12/201822/04/201914/05/2019FrenchPDF
Full model31/12/201706/04/201814/05/2018FrenchPDF
Full modelCorrection31/12/201616/05/201707/08/2017FrenchPDF
Full model31/12/201616/05/201721/06/2017FrenchPDF
Full model31/12/201517/05/201618/05/2016FrenchPDF
Full model31/12/201419/05/201510/08/2015FrenchPDF
Full model31/12/201320/05/201424/06/2014FrenchPDF
Full model31/12/201221/05/201328/05/2013FrenchPDF
Full model31/12/201115/06/201228/06/2012FrenchPDF
Full model31/12/201017/05/201112/08/2011FrenchPDF
Full model31/12/200918/05/201030/06/2010FrenchPDF
Full model31/12/200817/07/200905/08/2009FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

8 active · 51 ended

Active mandates

Mika HAKANEN

Director · since 01 août 2025

Active
Mikko KILPELÄINEN

Director · since 01 juin 2025

Active
Pekka RUUTU

Director · since 01 juin 2025

Active
Mikko LEINO

Director · since 22 juin 2024 · until 31 mai 2025

Active
Aleksi OJALA

Director · since 17 janvier 2022 · until 31 mai 2025

Active
Hugo VANBOCKRYCK

Director · since 02 mars 2020

Active
Marjut Johanna PORKKA

Director · since 16 juin 2019

Active
Jukka Markus HOLKERI

Director · since 29 mai 2019 · until 31 mai 2025

Active

Ended mandates

Mikko LEINO

Director · since 22 juin 2024

Ended
Aleksi OJALA

Director · since 17 janvier 2022

Ended
Manu SKYTTÄ

Director · since 17 janvier 2022 · until 31 juillet 2024

Ended
Manu SKYTTÄ

Director · since 17 janvier 2022

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates23/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/08/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Other11/07/2023
    DIVERS
    PDF
  • Mandates09/03/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/09/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/06/2020
    DEMISSIONS, NOMINATIONS - DIVERS
    PDF
  • Mandates25/03/2020
    DEMISSIONS, NOMINATIONS
    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 20255,2 M €↑
  2. 01/08/2025
    nominationMIKA JUHANI HAKANEN — administrateur
  3. 01/06/2025
    nominationPEKKA JUHANI RUUTU — administrateur
  4. 01/06/2025
    nominationMIKKO AIMO OSKARI KILPELÄINEN — administrateur
  5. 2024
    Annual accounts 20242,6 M €↓
  6. 22/06/2024
    nominationMikko Leino — administrateur
  7. 2023
    Annual accounts 20234,8 M €↑
  8. 30/06/2023
    nominationSRL EY Réviseurs d'Entreprises — commissaire aux comptes
  9. 2022
    Annual accounts 20224,5 M €↑
  10. 2021
    Annual accounts 20212,6 M €↓
  11. 2020
    Annual accounts 20203,4 M €↑
  12. 2019
    Annual accounts 20191,8 M €↑
  13. 2019
    Name changePatria Belgium Engine Center
  14. 2018
    Annual accounts 2018-320,4 k €↓
  15. 2017
    Annual accounts 20172,8 M €↓
  16. 2016
    Annual accounts 20163,6 M €↑
  17. 2016
    Name changeBelgium Engine Center
  18. 2015
    Annual accounts 20152 M €↑
  19. 2014
    Annual accounts 2014-1,3 M €↓
  20. 2013
    Annual accounts 2013-273,8 k €↓
  21. 2012
    Annual accounts 2012-153,8 k €↑
  22. 2011
    Annual accounts 2011-3,4 M €↓
  23. 2010
    Annual accounts 2010-388,6 k €↓
  24. 2009
    Annual accounts 20091,6 M €
  25. 2009
    Name changePratt & Whitney Belgium Engine Center
  26. 01/07/2008
    IncorporationPrivate limited company