NSI IT Software & Services
0450.905.686 · rovalta.com · 22/09/2026
ACTIVE
NSI IT Software & Services
Financial year 2025 · closed on 31/12/2025
Net result
6,6 M €
+12.3% YoY
Revenue
153,9 M €
-1.7% YoY
Equity
35,5 M €
+15.0% YoY
Workforce
685,0 ETP
-0.1% YoY
Overview
What does NSI IT Software & Services do?
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
4340 Awans · WallonieSee on map
Contributed capital
2 024 048,00 €
Latest accounts
31/12/2025
Average workforce
685,0 ETP
Activities (NACE)
62010Computer programming activities· main62020Computer consultancy activities62100Computer programming, consultancy and related activities62200Computer programming, consultancy and related activities72100Research and experimental development on natural sciences and engineering72220Research and experimental development on social sciences and humanities
Joint committees (1)
- 218
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Revenue | 153,9 M € | -1.7% | 156,6 M € | +35.1% | 115,9 M € | +12.1% | 103,4 M € | +13.5% | 91,2 M € | +14.6% | 79,5 M € | +27.8% | 62,2 M € | +18.1% | 52,7 M € | +13.3% | 46,5 M € | +10.5% | 42,1 M € | +12.3% | 37,5 M € | +0.1% | 37,4 M € | +19.5% | 31,3 M € | -0.0% | 31,3 M € | +15.6% | 27,1 M € | +13.1% | 24 M € | +23.1% | 19,5 M € | -15.7% | 23,1 M € | +24.4% | 18,6 M € | -3.4% | 19,2 M € |
| EBITDA | 12,2 M € | +6.3% | 11,5 M € | +27.3% | 9 M € | +23.9% | 7,3 M € | -4.0% | 7,6 M € | +13.1% | 6,7 M € | +36.9% | 4,9 M € | +17.5% | 4,2 M € | +22.0% | 3,4 M € | +22.9% | 2,8 M € | +13.9% | 2,4 M € | +8.6% | 2,2 M € | +6.0% | 2,1 M € | +2.2% | 2,1 M € | +15.3% | 1,8 M € | +19.8% | 1,5 M € | +19.8% | 1,3 M € | -36.2% | 2 M € | +6.6% | 1,8 M € | +85.3% | 992,1 k € |
| Operating result | 9,8 M € | +3.6% | 9,4 M € | +13.9% | 8,3 M € | +26.0% | 6,6 M € | +2.2% | 6,4 M € | +11.0% | 5,8 M € | +36.0% | 4,3 M € | +16.7% | 3,6 M € | +21.6% | 3 M € | +34.7% | 2,2 M € | +23.7% | 1,8 M € | +19.9% | 1,5 M € | -15.7% | 1,8 M € | +0.4% | 1,8 M € | +17.6% | 1,5 M € | +29.6% | 1,2 M € | +61.2% | 721,5 k € | -52.6% | 1,5 M € | +5.1% | 1,4 M € | +94.7% | 744,3 k € |
| Net result | 6,6 M € | +12.3% | 5,9 M € | -0.5% | 5,9 M € | +41.1% | 4,2 M € | -1.8% | 4,3 M € | -2.5% | 4,4 M € | +67.3% | 2,6 M € | +19.1% | 2,2 M € | +67.5% | 1,3 M € | +40.8% | 930,1 k € | +41.5% | 657,3 k € | -29.3% | 929,2 k € | +22.2% | 760,5 k € | -3.4% | 787,1 k € | +2.8% | 765,9 k € | +49.2% | 513,3 k € | +104% | 251,9 k € | -79.4% | 1,2 M € | +53.2% | 798 k € | +170% | 295,6 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 35,5 M € | +15.0% | 30,9 M € | +15.4% | 26,7 M € | +18.3% | 22,6 M € | +14.9% | 19,7 M € | +17.9% | 16,7 M € | +22.5% | 13,6 M € | +15.5% | 11,8 M € | +15.0% | 10,3 M € | +9.6% | 9,4 M € | +7.1% | 8,7 M € | +5.0% | 8,3 M € | +5.0% | 7,9 M € | +11.2% | 7,1 M € | +10.9% | 6,4 M € | +11.8% | 5,8 M € | +7.7% | 5,3 M € | +11.7% | 4,8 M € | +14.7% | 4,2 M € | +9.2% | 3,8 M € |
| Total assets | 122,3 M € | +2.8% | 119 M € | +60.6% | 74,1 M € | +8.8% | 68,1 M € | +25.0% | 54,5 M € | +12.9% | 48,2 M € | +20.6% | 40 M € | +12.3% | 35,6 M € | +18.2% | 30,1 M € | +24.4% | 24,2 M € | +16.0% | 20,9 M € | -13.5% | 24,1 M € | +9.8% | 22 M € | +3.6% | 21,2 M € | +30.6% | 16,2 M € | +20.6% | 13,5 M € | +14.0% | 11,8 M € | -10.9% | 13,3 M € | +0.5% | 13,2 M € | +10.9% | 11,9 M € |
| Cash | 6,8 M € | -5.7% | 7,2 M € | +3.0% | 7 M € | -13.6% | 8,1 M € | -29.0% | 11,4 M € | -32.4% | 16,8 M € | +228% | 5,1 M € | +10.2% | 4,7 M € | -21.7% | 5,9 M € | +29.1% | 4,6 M € | +19.3% | 3,9 M € | -41.2% | 6,6 M € | +171% | 2,4 M € | -37.9% | 3,9 M € | +335% | 893,8 k € | -32.1% | 1,3 M € | +432% | 247,5 k € | -71.0% | 853,1 k € | -54.2% | 1,9 M € | +340% | 423,9 k € |
| Debts | 80,9 M € | -3.4% | 83,7 M € | +89.4% | 44,2 M € | +5.4% | 41,9 M € | +39.6% | 30 M € | +3.8% | 28,9 M € | +20.7% | 24 M € | +9.6% | 21,9 M € | +20.9% | 18,1 M € | +37.8% | 13,1 M € | +19.4% | 11 M € | -28.1% | 15,3 M € | +10.2% | 13,9 M € | +1.1% | 13,7 M € | +44.6% | 9,5 M € | +36.8% | 6,9 M € | +26.2% | 5,5 M € | -26.7% | 7,5 M € | -6.1% | 8 M € | +12.7% | 7,1 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 685,0 ETP | -0.1% | 686,0 ETP | +9.6% | 626,0 ETP | +3.5% | 605,0 ETP | +7.1% | 565,0 ETP | +12.8% | 501,0 ETP | +35.8% | 369,0 ETP | +11.5% | 330,8 ETP | +10.5% | 299,3 ETP | +3.4% | 289,5 ETP | +2.9% | 281,3 ETP | +4.3% | 269,8 ETP | +19.3% | 226,2 ETP | +1.5% | 222,8 ETP | +3.4% | 215,5 ETP | +9.8% | 196,2 ETP | +14.5% | 171,3 ETP | -2.2% | 175,1 ETP | +11.2% | 157,4 ETP | -6.6% | 168,6 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 100 M€ and 250 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 8 active · 35 ended
Active mandates
Active
Active
Active
Active
Active
Active
Active
Active
Ended mandates
At this address
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Financials
Annual accounts
Full financial information
| 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 | 31/08/2026 | 23/06/2025 | 30/08/2024 | 09/06/2023 | 27/06/2022 | 22/06/2021 |
| General meeting | 28/05/2026 | 30/05/2025 | 30/05/2024 | 25/05/2023 | 25/05/2022 | 27/05/2021 |
| 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
22 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full modelCorrection | 31/12/2025 | 28/05/2026 | 31/08/2026 | French | |
| Full model | 31/12/2025 | 28/05/2026 | 28/06/2026 | French | |
| Full model | 31/12/2024 | 30/05/2025 | 23/06/2025 | French | |
| Full modelCorrection | 31/12/2023 | 30/05/2024 | 30/08/2024 | French | |
| Full model | 31/12/2023 | 30/05/2024 | 19/06/2024 | French | |
| Full model | 31/12/2022 | 25/05/2023 | 09/06/2023 | French | |
| Full model | 31/12/2021 | 25/05/2022 | 27/06/2022 | French | |
| Full model | 31/12/2020 | 27/05/2021 | 22/06/2021 | French | |
| Full model | 31/12/2019 | 28/05/2020 | 22/06/2020 | French | |
| Full model | 31/12/2018 | 31/05/2019 | 24/06/2019 | French | |
| Full model | 31/12/2017 | 31/05/2018 | 05/06/2018 | French | |
| Full model | 31/12/2016 | 26/05/2017 | 26/06/2017 | French | |
| Full model | 31/12/2015 | 26/05/2016 | 27/06/2016 | French | |
| Full model | 31/12/2014 | 28/05/2015 | 03/08/2015 | French | |
| Full model | 31/12/2013 | 30/05/2014 | 10/06/2014 | French | |
| Full model | 31/12/2012 | 30/05/2013 | 18/06/2013 | French | |
| Full model | 31/12/2011 | 31/05/2012 | 20/06/2012 | French | |
| Full model | 31/12/2010 | 26/05/2011 | 15/06/2011 | French | |
| Full model | 31/12/2009 | 27/05/2010 | 23/06/2010 | French | |
| Full model | 31/12/2008 | 23/06/2009 | 24/06/2009 | French | |
| Full model | 31/12/2007 | 29/05/2008 | 17/06/2008 | French | |
| Full model | 31/12/2006 | 31/05/2007 | 26/06/2007 | French |
Valuation
Estimate
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 8 active · 35 ended
Active mandates
Active
Active
Active
Active
Active
Active
Active
Active
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates23/09/2025DEMISSIONS, NOMINATIONS
- Restructuring10/01/2025CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Mandates19/12/2024DEMISSIONS, NOMINATIONS
- Mandates06/12/2024DEMISSIONS, NOMINATIONS
- Restructuring22/11/2024RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Restructuring12/01/2024RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Restructuring21/11/2023RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
- Mandates01/06/2023DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20256,6 M €↑
- 25/06/2025nominationBart WATTEEUW — Administrateur
- 2024Annual accounts 20245,9 M €↓
- 18/09/2024nominationOlivier Clabots — Country Manager Belgique
- 30/05/2024reconductionEY Réviseurs d'Entreprises — Commissaire Réviseur
- 2023Annual accounts 20235,9 M €↑
- 01/01/2023nominationGaëtan WILLEMS — Administrateur de classe A
- 01/01/2023nominationYvan ABSIL — Administrateur de classe B
- 2022Annual accounts 20224,2 M €↓
- 23/02/2022nominationGilian COLLARD — Directeur Général
- 23/02/2022nominationAlain SCHEPMANS — Directeur Commercial
- 01/01/2022autre
- 2021Annual accounts 20214,3 M €↓
- 2020Annual accounts 20204,4 M €↑
- 2019Annual accounts 20192,6 M €↑
- 2018Annual accounts 20182,2 M €↑
- 2017Annual accounts 20171,3 M €↑
- 2016Annual accounts 2016930,1 k €↑
- 2015Annual accounts 2015657,3 k €↓
- 2014Annual accounts 2014929,2 k €↑
- 2013Annual accounts 2013760,5 k €↓
- 2012Annual accounts 2012787,1 k €↑
- 2011Annual accounts 2011765,9 k €↑
- 2010Annual accounts 2010513,3 k €↑
- 2009Annual accounts 2009251,9 k €↓
- 2008Annual accounts 20081,2 M €↑
- 2007Annual accounts 2007798 k €↑
- 2006Annual accounts 2006295,6 k €
- 22/09/1993IncorporationPublic limited company