EPAM SYSTEMS.BE
0463.478.965 · rovalta.com · 24/09/2026
ACTIVE
EPAM SYSTEMS.BE
Financial year 2025 · Closed on 31/12/2025
Net result
-2 M €
-10,4 %over 1 yearRevenue
21 M €
-4,1 %over 1 yearEquity
5,4 M €
+94,4 %over 1 yearWorkforce
91,1 ETP
-18,1 %over 1 yearOverview
Identity
Source · BCE/KBOEPAM SYSTEMS.BE is a Private limited company incorporated in 1998. Its registered office is in Watermael-Boitsfort. It employs on average 91,1 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0463.478.965
- Incorporation
- 02/06/1998
- Legal form
- Private limited company
- Registered office
- Boulevard du Souverain 25/6
1170 Watermael-Boitsfort · BruxellesSee on map - Contributed capital
- 4 290 117,00 €
- Latest accounts
- 31/12/2025
- Average workforce
- 91,1 ETP
Joint committees (2)
- 200
- 218
Signals
Good liquidityHealthy social debtsHigh revenue
Financials
Source · NBB, 20 filingsTrend over 17 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 21 M € | -4.1% | 22 M € | -16.2% | 26,2 M € | -33.8% | 39,6 M € | +17.0% | 33,8 M € |
| EBITDA | -1,3 M € | -114% | -597,6 k € | +79.0% | -2,8 M € | -3400% | -81,4 k € | -105% | 1,5 M € |
| Operating result | -2 M € | -43.6% | -1,4 M € | +62.3% | -3,7 M € | -317% | -882,5 k € | -201% | 870,6 k € |
| Net result | -2 M € | -10.4% | -1,8 M € | +55.8% | -4,1 M € | -246% | -1,2 M € | -667% | 210,8 k € |
| Balance sheet | |||||||||
| Equity | 5,4 M € | +94.4% | 2,8 M € | +214% | -2,4 M € | -244% | 1,7 M € | -41.3% | 2,9 M € |
| Total assets | 23,6 M € | +93.5% | 12,2 M € | -31.6% | 17,9 M € | +35.6% | 13,2 M € | -19.0% | 16,3 M € |
| Cash | 9,2 M € | +97.3% | 4,7 M € | -24.2% | 6,2 M € | +1679% | 346,3 k € | -73.4% | 1,3 M € |
| Debts | 16,5 M € | +101% | 8,2 M € | -58.0% | 19,5 M € | +69.8% | 11,5 M € | -14.2% | 13,4 M € |
| Other | |||||||||
| Workforce | 91,1 ETP | -18.1% | 111,2 ETP | -15.8% | 132,0 ETP | -14.3% | 154,1 ETP | +11.6% | 138,1 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20252 active · 23 ended
Active mandates
Peterson Jason
ActiveFrédéric DESONNAY
ActiveEnded mandates
Frédéric DESONNAY
EndedAlexandre Papanastassiou
EndedTim Wolfs
EndedFrédéric DESONNAY
EndedOther companies at this address
Boulevard du Souverain 25/6 1170 Watermael-Boitsfort| Company | CBE no. |
|---|---|
EPAM Systems Belgium● Active | 0464.812.221 |
Financials
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 | 30/06/2026 | 04/06/2025 | 10/07/2024 | 29/06/2023 | 13/06/2022 | 02/06/2021 |
| General meeting | 02/06/2026 | 03/06/2025 | 28/06/2024 | 21/06/2023 | 07/06/2022 | 01/06/2021 |
| 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 · NBBLooking for more information about this company?
Try for 7 daysAnnual accounts filings
Source · NBB, 20 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 02/06/2026 | 30/06/2026 | French | |
| Full model | 31/12/2024 | 03/06/2025 | 04/06/2025 | French | |
| Full model | 31/12/2023 | 28/06/2024 | 10/07/2024 | French | |
| Full model | 31/12/2022 | 21/06/2023 | 29/06/2023 | French | |
| Full model | 31/12/2021 | 07/06/2022 | 13/06/2022 | French | |
| Full model | 31/12/2020 | 01/06/2021 | 02/06/2021 | French | |
| Full model | 31/12/2019 | 02/06/2020 | 29/06/2020 | French | |
| Full model | 31/12/2018 | 04/06/2019 | 28/06/2019 | French | |
| Full model | 31/12/2017 | 05/06/2018 | 08/06/2018 | French | |
| Full model | 31/12/2016 | 30/05/2017 | 31/05/2017 | French | |
| Full model | 31/12/2015 | 10/05/2016 | 18/05/2016 | French | |
| Full model | 31/12/2014 | 12/05/2015 | 08/06/2015 | French | |
| Full model | 31/12/2013 | 22/04/2014 | 28/04/2014 | French | |
| Full model | 31/12/2012 | 14/05/2013 | 15/05/2013 | French | |
| Full model | 31/12/2011 | 08/05/2012 | 30/05/2012 | French | |
| Full model | 31/12/2010 | 10/05/2011 | 08/06/2011 | French | |
| Full model | 31/12/2009 | 11/05/2010 | 08/06/2010 | French | |
| Full model | 31/12/2008 | 13/05/2009 | 10/06/2009 | French | |
| Full model | 31/12/2007 | 13/05/2008 | 27/06/2008 | French | |
| Full model | 31/12/2006 | 08/05/2007 | 08/06/2007 | French |
Valuation
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.
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
Board of directors
Source · NBB, accounts to 31/12/20252 active · 23 ended
Active mandates
Peterson Jason
ActiveFrédéric DESONNAY
ActiveEnded mandates
Frédéric DESONNAY
EndedAlexandre Papanastassiou
EndedTim Wolfs
EndedFrédéric DESONNAY
EndedOwnership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Other22/09/2026—
- Mandates16/06/2026DIVERS - DEMISSIONS, NOMINATIONS
- Other22/04/2026STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates22/04/2026STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION
- Restructuring20/01/2026DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Other25/11/2025DIVERS
- Restructuring03/11/2025RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Mandates24/06/2025DIVERS - DEMISSIONS, NOMINATIONS
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-2 M €↓
- 2024Annual accounts 2024-1,8 M €↑
- 2024Name changeEpam Systems.be
- 2023Annual accounts 2023-4,1 M €↓
- 2022Annual accounts 2022-1,2 M €↓
- 2021Annual accounts 2021210,8 k €↑
- 2020Annual accounts 2020-441,1 k €↓
- 2019Annual accounts 2019335,8 k €↑
- 2018Annual accounts 2018-613,9 k €↓
- 2017Annual accounts 2017-148,8 k €↑
- 2016Annual accounts 2016-598,9 k €↓
- 2015Annual accounts 2015-334,4 k €↑
- 2014Annual accounts 2014-1,1 M €↓
- 2014Name changeEmakina.BE
- 2013Annual accounts 201346,1 k €↓
- 2012Annual accounts 2012500,5 k €↑
- 2011Annual accounts 201111,3 k €↓
- 2010Annual accounts 2010395,3 k €↑
- 2009Annual accounts 2009-155,4 k €
- 2009Name changeEMAKINA BELGIQUE
- 02/06/1998IncorporationPrivate limited company