ACTIVE

NSI IT Software & Services

Financial year 2025 · Closed on 31/12/2025

Net result6,6 M €+12,3 %over 1 year
Revenue153,9 M €-1,7 %over 1 year
Equity35,5 M €+15,0 %over 1 year
Workforce685,0 ETP-0,1 %over 1 year

Identity

Source · BCE/KBO

NSI IT Software & Services is a Public limited company incorporated in 1993. Its main activity is: Computer programming activities. Its registered office is in Awans. It employs on average 685,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0450.905.686
Incorporation
22/09/1993
Legal form
Public limited company
Registered office
Rue de Bruxelles 174 box A
4340 Awans · WallonieSee on map
Contributed capital
2 024 048,00 €
Latest accounts
31/12/2025
Average workforce
685,0 ETP
Joint committees (1)
  • 218
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue153,9 M €156,6 M €115,9 M €103,4 M €91,2 M €
EBITDA12,2 M €11,5 M €9 M €7,3 M €7,6 M €
Operating result9,8 M €9,4 M €8,3 M €6,6 M €6,4 M €
Net result6,6 M €5,9 M €5,9 M €4,2 M €4,3 M €
Balance sheet
Equity35,5 M €30,9 M €26,7 M €22,6 M €19,7 M €
Total assets122,3 M €119 M €74,1 M €68,1 M €54,5 M €
Cash6,8 M €7,2 M €7 M €8,1 M €11,4 M €
Debts80,9 M €83,7 M €44,2 M €41,9 M €30 M €
Other
Workforce685,0 ETP686,0 ETP626,0 ETP605,0 ETP565,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 11 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
BWAT0765.301.591Represented by Bart WATTEEUW
Director17/06/2025 → 28/05/2027
GC2M Consulting0770.843.063Represented by Gaëtan Willems
Director01/01/2023 → 28/05/2027
NOSHAQ PARTNERS0808.219.836Represented by Yvan Absil
Director26/08/2009 → 28/05/2027
TRAFALGAR CONSULTING0534.830.284Represented by Manuel Pallage
Administrateur délégué indépendant28/05/2021 → 28/05/2027
Esdacon0825.447.729Represented by Stephan Daems
Director27/08/2018 → 28/05/2027
ID en D0444.955.430Represented by Stijn BIJNENS
Director27/05/2018 → 28/05/2027
SOFIN0507.724.427Represented by André Knaepen
Chairman of the board of directors27/08/2018 → 28/05/2027Director27/08/2018 → 2022 accountsended
NOSHAQ0426.624.509Represented by Gaëtan SERVAIS
Director29/06/2006 → 28/05/2027

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Marc DE GROOTE
Director26/05/2016 → 2018 accounts
Christoph NEUT
Director27/10/2011 → 2014 accounts

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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 date31/08/202623/06/202530/08/202409/06/202327/06/202222/06/2021
General meeting28/05/202630/05/202530/05/202425/05/202325/05/202227/05/2021
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, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full modelCorrection31/12/202528/05/202631/08/2026FrenchPDF
Full model31/12/202528/05/202628/06/2026FrenchPDF
Full model31/12/202430/05/202523/06/2025FrenchPDF
Full modelCorrection31/12/202330/05/202430/08/2024FrenchPDF
Full model31/12/202330/05/202419/06/2024FrenchPDF
Full model31/12/202225/05/202309/06/2023FrenchPDF
Full model31/12/202125/05/202227/06/2022FrenchPDF
Full model31/12/202027/05/202122/06/2021FrenchPDF
Full model31/12/201928/05/202022/06/2020FrenchPDF
Full model31/12/201831/05/201924/06/2019FrenchPDF
Full model31/12/201731/05/201805/06/2018FrenchPDF
Full model31/12/201626/05/201726/06/2017FrenchPDF
Full model31/12/201526/05/201627/06/2016FrenchPDF
Full model31/12/201428/05/201503/08/2015FrenchPDF
Full model31/12/201330/05/201410/06/2014FrenchPDF
Full model31/12/201230/05/201318/06/2013FrenchPDF
Full model31/12/201131/05/201220/06/2012FrenchPDF
Full model31/12/201026/05/201115/06/2011FrenchPDF
Full model31/12/200927/05/201023/06/2010FrenchPDF
Full model31/12/200823/06/200924/06/2009FrenchPDF
Full model31/12/200729/05/200817/06/2008FrenchPDF
Full model31/12/200631/05/200726/06/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 11 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
BWAT0765.301.591Represented by Bart WATTEEUW
Director17/06/2025 → 28/05/2027
GC2M Consulting0770.843.063Represented by Gaëtan Willems
Director01/01/2023 → 28/05/2027
NOSHAQ PARTNERS0808.219.836Represented by Yvan Absil
Director26/08/2009 → 28/05/2027
TRAFALGAR CONSULTING0534.830.284Represented by Manuel Pallage
Administrateur délégué indépendant28/05/2021 → 28/05/2027
Esdacon0825.447.729Represented by Stephan Daems
Director27/08/2018 → 28/05/2027
ID en D0444.955.430Represented by Stijn BIJNENS
Director27/05/2018 → 28/05/2027
SOFIN0507.724.427Represented by André Knaepen
Chairman of the board of directors27/08/2018 → 28/05/2027Director27/08/2018 → 2022 accountsended
NOSHAQ0426.624.509Represented by Gaëtan SERVAIS
Director29/06/2006 → 28/05/2027

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Marc DE GROOTE
Director26/05/2016 → 2018 accounts
Christoph NEUT
Director27/10/2011 → 2014 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates07/08/2026
    Démissions et nominations d'administrateurs
    PDF
  • Mandates23/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring10/01/2025
    CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates19/12/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/12/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring22/11/2024
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring12/01/2024
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring21/11/2023
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings20 filings
Mandates
BWAT
GC2M Consulting
NOSHAQ PARTNERS
TRAFALGAR CONSULTING
SOFIN
Esdacon
ID en D
NOSHAQ
Marc DE GROOTE
Christoph NEUT
TECHNOLOGY INFORMATION BELGIUM
Luc DE CLERK
19931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027
NSI IT Software & Services
Rue de Bruxelles 174 bte A, 4340 Awans
Director
Director
Director
Administrateur délégué indépendant
Chairman of the board of directorsDirector
Director
Director
Director
Director
Director
Président Exécutif du Conseil d'administrationManaging director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue de Bruxelles 174 bte A, 4340 AwansCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00500322

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
NSI IT Software & ServicesCurrent
accounts 2006 → 2025
Accounts 2025 · 2026-00500322

Events

  1. 2025
    Annual accounts 20256,6 M €↑
  2. 25/06/2025
    nominationBart WATTEEUW · Administrateur
  3. 2024
    Annual accounts 20245,9 M €↓
  4. 18/09/2024
    nominationOlivier Clabots · Country Manager Belgique
  5. 30/05/2024
    reconductionEY Réviseurs d'Entreprises · Commissaire Réviseur
  6. 2023
    Annual accounts 20235,9 M €↑
  7. 01/01/2023
    nominationGaëtan WILLEMS · Administrateur de classe A
  8. 01/01/2023
    nominationYvan ABSIL · Administrateur de classe B
  9. 2022
    Annual accounts 20224,2 M €↓
  10. 23/02/2022
    nominationGilian COLLARD · Directeur Général
  11. 23/02/2022
    nominationAlain SCHEPMANS · Directeur Commercial
  12. 01/01/2022
    autre
  13. 2021
    Annual accounts 20214,3 M €↓
  14. 2020
    Annual accounts 20204,4 M €↑
  15. 2019
    Annual accounts 20192,6 M €↑
  16. 2018
    Annual accounts 20182,2 M €↑
  17. 2017
    Annual accounts 20171,3 M €↑
  18. 2016
    Annual accounts 2016930,1 k €↑
  19. 2015
    Annual accounts 2015657,3 k €↓
  20. 2014
    Annual accounts 2014929,2 k €↑
  21. 2013
    Annual accounts 2013760,5 k €↓
  22. 2012
    Annual accounts 2012787,1 k €↑
  23. 2011
    Annual accounts 2011765,9 k €↑
  24. 2010
    Annual accounts 2010513,3 k €↑
  25. 2009
    Annual accounts 2009251,9 k €↓
  26. 2008
    Annual accounts 20081,2 M €↑
  27. 2007
    Annual accounts 2007798 k €↑
  28. 2006
    Annual accounts 2006295,6 k €
  29. 22/09/1993
    IncorporationPublic limited company