ACTIVE

MSC SOFTWARE BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result2,4 M €-37,7 %over 1 year

Revenue9,3 M €-9,9 %over 1 year

Equity8,5 M €-42,3 %over 1 year

Workforce38,4 ETP-17,2 %over 1 year

Identity

Source · BCE/KBO

MSC SOFTWARE BELGIUM is a Public limited company incorporated in 1998. Its main activity is: Computer programming activities. Its registered office is in Mont-Saint-Guibert. It employs on average 38,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0463.741.558
Incorporation: 17/07/1998
Legal form: Public limited company
Registered office: Rue Emile Francqui 9
1435 Mont-Saint-Guibert · WallonieSee on map
Contributed capital: 779 233,00 €
Latest accounts: 31/12/2025
Average workforce: 38,4 ETP

Activities (NACE)

62010Computer programming activities· main 62020Computer consultancy activities 62100Computer programming, consultancy and related activities 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering 72220Research and experimental development on social sciences and humanities+3

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 21 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	9,3 M €	-9.9%	10,4 M €	-3.1%	10,7 M €	-6.0%	11,4 M €	+35.8%	8,4 M €
EBITDA	3,6 M €	-25.3%	4,8 M €	+19.0%	4 M €	-10.5%	4,5 M €	+34.6%	3,3 M €
Operating result	2,4 M €	-34.7%	3,7 M €	+23.0%	3 M €	-15.3%	3,5 M €	+42.9%	2,5 M €
Net result	2,4 M €	-37.7%	3,8 M €	+28.8%	3 M €	+12.8%	2,6 M €	-7.2%	2,8 M €
Balance sheet
Equity	8,5 M €	-42.3%	14,7 M €	+32.9%	11,1 M €	-16.8%	13,3 M €	+22.4%	10,9 M €
Total assets	10 M €	-44.5%	18,1 M €	+22.4%	14,8 M €	-13.0%	17 M €	+10.4%	15,4 M €
Cash	77,6 k €	+57.3%	49,4 k €	+27.9%	38,6 k €	+69.2%	22,8 k €	-52.6%	48,1 k €
Debts	1,4 M €	-52.7%	2,9 M €	-10.7%	3,2 M €	-7.1%	3,5 M €	-19.6%	4,3 M €
Other
Workforce	38,4 ETP	-17.2%	46,4 ETP	-12.5%	53,0 ETP	-10.9%	59,5 ETP	+2.4%	58,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 12 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Anton WIPPEL	Director30/05/2025 → 28/05/2026
Johannes KLINGEN	Director30/05/2024 → 28/05/2026
Guillaume BOISOT	Managing director03/01/2023 → 28/05/2026
Xavier GANDIBLEU	Managing director29/05/2020 → 28/05/2026Director19/11/2018 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Robert COPENHAVER	Director25/08/2022 → 2024 accounts
Jonathan JACQMOT	Managing director03/01/2022 → 2023 accounts

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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	03/06/2026	06/06/2025	05/07/2024	07/06/2023	17/06/2022	03/06/2021
General meeting	28/05/2026	30/05/2025	30/05/2024	25/05/2023	09/06/2022	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	28/05/2026	03/06/2026	French	PDF
Full model	31/12/2024	30/05/2025	06/06/2025	French	PDF
Full modelCorrection	31/12/2023	30/05/2024	05/07/2024	French	PDF
Full model	31/12/2023	30/05/2024	10/06/2024	French	PDF
Full model	31/12/2022	25/05/2023	07/06/2023	French	PDF
Full model	31/12/2021	09/06/2022	17/06/2022	French	PDF
Full model	31/12/2020	27/05/2021	03/06/2021	French	PDF
Full model	31/12/2019	28/05/2020	23/06/2020	French	PDF
Full model	31/12/2018	30/05/2019	06/06/2019	French	PDF
Full model	31/12/2017	31/05/2018	01/06/2018	French	PDF
Full model	31/12/2016	14/06/2017	23/06/2017	French	PDF
Full model	31/12/2015	26/05/2016	22/06/2016	French	PDF
Full model	31/12/2014	30/06/2015	14/07/2015	French	PDF
Full model	31/12/2013	12/05/2014	03/06/2014	French	PDF
Full model	31/12/2012	30/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	31/05/2012	15/06/2012	French	PDF
Abridged model	31/12/2010	26/05/2011	10/06/2011	French	PDF
Abridged model	31/12/2009	26/04/2010	20/07/2010	French	PDF
Abridged model	31/12/2008	28/05/2009	15/06/2009	French	PDF
Abridged model	31/12/2007	21/04/2008	08/05/2008	French	PDF
Abridged model	31/12/2006	31/05/2007	12/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 12 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Anton WIPPEL	Director30/05/2025 → 28/05/2026
Johannes KLINGEN	Director30/05/2024 → 28/05/2026
Guillaume BOISOT	Managing director03/01/2023 → 28/05/2026
Xavier GANDIBLEU	Managing director29/05/2020 → 28/05/2026Director19/11/2018 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Robert COPENHAVER	Director25/08/2022 → 2024 accounts
Jonathan JACQMOT	Managing director03/01/2022 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates20/07/2026
Démission et nomination d’administrateurs (délégués) — Nomination d’un
PDF
Other17/02/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates24/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates30/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates21/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates24/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates13/10/2022
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings15 filings

Mandates

Anton WIPPEL

Johannes KLINGEN

Guillaume BOISOT

Xavier GANDIBLEU

Robert COPENHAVER

Laurent ADAM

Jonathan JACQMOT

Roger ASSAKER

Paolo GUGLIELMINI

Diego D'UDEKEM D'ACOZ

Olaf WIJMA

IJK NUMERICS

Show the 4 other mandates

19981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

MSC SOFTWARE BELGIUM

Rue Emile Francqui 9, 1435 Mont-Saint-Guibert

Director

Managing director

Managing directorDirector

Director

Managing director

Managing directorDirector

Director

Managing director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Emile Francqui 9, 1435 Mont-Saint-GuibertCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00134126

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MSC SOFTWARE BELGIUMCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00134126

Events

2025
Annual accounts 20252,4 M €↓
2024
Annual accounts 20243,8 M €↑
2023
Annual accounts 20233 M €↑
2022
Annual accounts 20222,6 M €↓
2021
Annual accounts 20212,8 M €↓
2020
Annual accounts 20204,8 M €↑
2019
Annual accounts 20193 M €↓
2018
Annual accounts 20184,3 M €↑
2012
Annual accounts 2012317,5 k €↓
2011
Annual accounts 2011391,5 k €↑
2010
Annual accounts 2010179,3 k €↓
2009
Annual accounts 2009179,6 k €↑
2008
Annual accounts 2008-5,7 k €↓
2007
Annual accounts 2007183,1 k €↓
2006
Annual accounts 2006254,5 k €
17/07/1998
IncorporationPublic limited company

MSC SOFTWARE BELGIUM

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

Registered offices

Company names

Events