ACTIVE

SAP BELGIUM - SYSTEMS APPLICATIONS AND PRODUCTS

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Financial year 2025 · Closed on 31/12/2025

Net result30,3 M €+46,5 %over 1 year

Revenue536 M €+16,3 %over 1 year

Equity22,3 M €-57,1 %over 1 year

Workforce300,7 ETP-2,6 %over 1 year

Identity

Source · BCE/KBO

SAP BELGIUM - SYSTEMS APPLICATIONS AND PRODUCTS is a Public limited company incorporated in 1990. Its main activity is: Computer programming activities. Its registered office is in Machelen (Brab.). It employs on average 300,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0441.797.980
Incorporation: 27/09/1990
Legal form: Public limited company
Registered office: Hermeslaan 9
1831 Machelen (Brab.) · FlandreSee on map
Contributed capital: 743 680,57 €
Latest accounts: 31/12/2025
Average workforce: 300,7 ETP

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 63100Data processing, hosting and related activities; web portals 63110Data processing, hosting and related activities 72220Research and experimental development on social sciences and humanities 72300Scientific research and development

Joint committees (2)

Contacts

4 public details availableLog in to view

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 33 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	536 M €	+16.3%	461 M €	+14.1%	404,2 M €	+7.2%	377 M €	+4.4%	361,2 M €
EBITDA	41,9 M €	+50.0%	27,9 M €	+109%	13,4 M €	-22.7%	17,3 M €	-47.0%	32,6 M €
Operating result	39,3 M €	+55.0%	25,3 M €	+124%	11,3 M €	-35.1%	17,4 M €	-43.6%	30,8 M €
Net result	30,3 M €	+46.5%	20,7 M €	+130%	9 M €	-28.1%	12,5 M €	-42.3%	21,7 M €
Balance sheet
Equity	22,3 M €	-57.1%	52 M €	+66.1%	31,3 M €	-49.8%	62,3 M €	-55.4%	139,8 M €
Total assets	286,1 M €	+14.5%	249,8 M €	-0.2%	250,2 M €	-6.6%	268 M €	-8.9%	294,2 M €
Cash	106,4 M €	+2386%	4,3 M €	-17.4%	5,2 M €	+34.9%	3,8 M €	-16.6%	4,6 M €
Debts	183,3 M €	+28.8%	142,3 M €	-21.4%	181 M €	+7.9%	167,8 M €	+40.2%	119,7 M €
Other
Workforce	300,7 ETP	-2.6%	308,6 ETP	-3.5%	319,7 ETP	-3.2%	330,1 ETP	+9.9%	300,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 33 ended

Active mandates

Veerle VAN PUYENBROECK

Director · since 01 février 2026 · until 01 février 2032

Active

Bart VAN DER BIEST

Managing director · since 13 juin 2025 · until 12 juin 2031

Active

Katelijne LEEMANS

Director · since 01 juin 2022 · until 31 mai 2028

Active

Stijn DE BEUCKELAER

Director · since 01 juillet 2020 · until 02 février 2026

Active

Ended mandates

Stijn DE BEUCKELAER

Managing director · since 01 juillet 2020 · until 30 juin 2026

Ended

Harald WINKLER

Director · since 14 juin 2018 · until 13 juin 2024

Ended

Harald WINKLER

Director · since 14 juin 2018 · until 01 mai 2025

Ended

Alain GEORGY

Managing director · since 01 février 2017 · until 01 février 2023

Ended

Other companies at this address

Hermeslaan 9 1831 Machelen (Brab.)

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ARCHIRENOV● Active	0785.293.885
B-15● Active	0734.885.163
Belgian Construction Certification Association● Active	0449.439.701
BMC Helix Belgium● Active	1023.236.667
CAPGEMINI BELGIUM● Active	0407.184.521
CBRE GWS Belgium● Active	0597.950.461
FTA Solutions● Active	1000.877.276
IMMO SECO● Active	0676.461.370
REMY COINTREAU BELGIUM● Active	0458.799.508
RES Certification● Active	0542.778.544
SECO BELGIUM ASBL● Active	0758.726.674
SECO MANCO● Active	0675.727.041
SECO SURVEY● Active	0861.060.882
The House of Marketing● Active	0550.927.237
THERMAL INSULATION ASSOCIATION FOR QUALITY● Active	0770.394.190
Turner & Townsend PJM Belgium● Active	1015.812.407

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	17/06/2026	02/07/2025	13/06/2024	13/06/2023	23/06/2022	18/06/2021
General meeting	11/06/2026	12/06/2025	13/06/2024	08/06/2023	09/06/2022	10/06/2021
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, 33 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	11/06/2026	17/06/2026	Dutch	PDF
Full model	31/12/2025	11/06/2026	17/06/2026	French	PDF
Full model	31/12/2024	12/06/2025	02/07/2025	Dutch	PDF
Full model	31/12/2024	12/06/2025	19/06/2025	French	PDF
Full model	31/12/2023	13/06/2024	13/06/2024	Dutch	PDF
Full model	31/12/2023	13/06/2024	13/06/2024	French	PDF
Full model	31/12/2022	08/06/2023	13/06/2023	Dutch	PDF
Full model	31/12/2022	08/06/2023	13/06/2023	French	PDF
Full model	31/12/2021	09/06/2022	23/06/2022	French	PDF
Full model	31/12/2021	09/06/2022	23/06/2022	Dutch	PDF
Full model	31/12/2020	10/06/2021	18/06/2021	Dutch	PDF
Full model	31/12/2020	10/06/2021	18/06/2021	French	PDF
Full model	31/12/2019	30/06/2020	10/08/2020	French	PDF
Full model	31/12/2019	30/06/2020	10/08/2020	Dutch	PDF
Full modelCorrection	31/12/2018	13/06/2019	21/10/2019	French	PDF
Full modelCorrection	31/12/2018	13/06/2019	15/10/2019	Dutch	PDF
Full model	31/12/2018	13/06/2019	11/07/2019	Dutch	PDF
Full model	31/12/2018	13/06/2019	09/07/2019	French	PDF
Full model	31/12/2017	14/06/2018	16/07/2018	French	PDF
Full model	31/12/2017	14/06/2018	16/07/2018	Dutch	PDF
Full model	31/12/2016	29/06/2017	18/07/2017	French	PDF
Full model	31/12/2016	29/06/2017	14/07/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	29/07/2016	French	PDF
Full model	31/12/2015	24/06/2016	29/07/2016	Dutch	PDF

View all 33 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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 · 33 ended

Active mandates

Veerle VAN PUYENBROECK

Director · since 01 février 2026 · until 01 février 2032

Active

Bart VAN DER BIEST

Managing director · since 13 juin 2025 · until 12 juin 2031

Active

Katelijne LEEMANS

Director · since 01 juin 2022 · until 31 mai 2028

Active

Stijn DE BEUCKELAER

Director · since 01 juillet 2020 · until 02 février 2026

Active

Ended mandates

Stijn DE BEUCKELAER

Managing director · since 01 juillet 2020 · until 30 juin 2026

Ended

Harald WINKLER

Director · since 14 juin 2018 · until 13 juin 2024

Ended

Harald WINKLER

Director · since 14 juin 2018 · until 01 mai 2025

Ended

Alain GEORGY

Managing director · since 01 février 2017 · until 01 février 2023

Ended

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates02/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL
PDF
Mandates15/12/2022
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

01/02/2026
nominationVeerle Van Puyenbroeck — bestuurder
01/02/2026
nominationBart Van der Biest — gedelegeerd bestuurder
2025
Annual accounts 202530,3 M €↑
13/06/2025
nominationBart Van der Biest — bestuurder
2024
Annual accounts 202420,7 M €↑
13/06/2024
reconductionHarald Winkler — bestuurder
2023
Annual accounts 20239 M €↓
08/06/2023
nominationManuel Soria Machado — commissaris
01/05/2023
nominationCaroline Mbakop — bijzondere volmachthouder
01/04/2023
nominationVeerle Van Puyenbroeck — bijzondere volmacht
01/04/2023
unknownStijn De Beuckelaer — bijzondere volmacht
01/04/2023
unknownHarald Winkler — bijzondere volmacht
01/04/2023
unknownKatelijne Leemans — bijzondere volmacht
01/04/2023
unknownJimmy Van Geit — bijzondere volmacht
01/04/2023
unknownLidewij van den Eerenbeemt — bijzondere volmacht
2022
Annual accounts 202212,5 M €↓
01/10/2022
nominationLidewij van den Eerenbeemt — mandataire spécial
01/10/2022
nominationStijn De Beuckelaer — mandataire spécial
01/10/2022
nominationStef De Mulder — mandataire spécial
01/10/2022
nominationHarald Winkler — mandataire spécial
01/10/2022
nominationKatelijne Leemans — mandataire spécial
01/10/2022
nominationJimmy Van Geit — mandataire spécial
01/10/2022
nominationLidewij van den Eerenbeemt — bijzondere volmachthouder
01/06/2022
nominationKatelijne Leemans — administrateur
01/06/2022
nominationKatelijne Leemans — bestuurder
2021
Annual accounts 202121,7 M €↓
2020
Annual accounts 202026,1 M €↑
2019
Annual accounts 201915,7 M €↑
2018
Annual accounts 201815,4 M €↑
2017
Annual accounts 20179,3 M €↓
2016
Annual accounts 201610,6 M €↑
2015
Annual accounts 20154,9 M €↓
2014
Annual accounts 201411,2 M €↑
2013
Annual accounts 20137,3 M €↓
2012
Annual accounts 20128 M €↓
2011
Annual accounts 201111,8 M €↓
2010
Annual accounts 201012,1 M €↓
2009
Annual accounts 200913 M €↓
2008
Annual accounts 200818,4 M €
27/09/1990
IncorporationPublic limited company

SAP BELGIUM - SYSTEMS APPLICATIONS AND PRODUCTS

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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