ACTIVE

MSC SOFTWARE BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result
2,4 M €
-37,7 %over 1 year
Revenue
9,3 M €
-9,9 %over 1 year
Equity
8,5 M €
-42,3 %over 1 year
Workforce
38,4 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
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 21 filings

Trend over 15 financial years

20252024202320222021
Income statement
Revenue9,3 M €10,4 M €10,7 M €11,4 M €8,4 M €
EBITDA3,6 M €4,8 M €4 M €4,5 M €3,3 M €
Operating result2,4 M €3,7 M €3 M €3,5 M €2,5 M €
Net result2,4 M €3,8 M €3 M €2,6 M €2,8 M €
Balance sheet
Equity8,5 M €14,7 M €11,1 M €13,3 M €10,9 M €
Total assets10 M €18,1 M €14,8 M €17 M €15,4 M €
Cash77,6 k €49,4 k €38,6 k €22,8 k €48,1 k €
Debts1,4 M €2,9 M €3,2 M €3,5 M €4,3 M €
Other
Workforce38,4 ETP46,4 ETP53,0 ETP59,5 ETP58,1 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 · 26 ended

Active mandates

Anton WIPPEL

Director · since 30 mai 2025 · until 28 mai 2026

Active
Johannes KLINGEN

Director · since 30 mai 2024 · until 27 mai 2025

Active
Guillaume BOISOT

Managing director · since 03 janvier 2023 · until 28 mai 2026

Active
Xavier GANDIBLEU

Managing director · since 29 mai 2020 · until 28 mai 2026

Active

Ended mandates

Johannes KLINGEN

Director · since 30 mai 2024 · until 28 mai 2026

Ended
Robert COPENHAVER

Director · since 25 août 2022 · until 30 mai 2024

Ended
Robert COPENHAVER

Director · since 25 août 2022 · until 28 mai 2026

Ended
Jonathan JACQMOT

Managing director · since 03 janvier 2022 · until 19 mai 2023

Ended

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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 date03/06/202606/06/202505/07/202407/06/202317/06/202203/06/2021
General meeting28/05/202630/05/202530/05/202425/05/202309/06/202227/05/2021
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, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202528/05/202603/06/2026FrenchPDF
Full model31/12/202430/05/202506/06/2025FrenchPDF
Full modelCorrection31/12/202330/05/202405/07/2024FrenchPDF
Full model31/12/202330/05/202410/06/2024FrenchPDF
Full model31/12/202225/05/202307/06/2023FrenchPDF
Full model31/12/202109/06/202217/06/2022FrenchPDF
Full model31/12/202027/05/202103/06/2021FrenchPDF
Full model31/12/201928/05/202023/06/2020FrenchPDF
Full model31/12/201830/05/201906/06/2019FrenchPDF
Full model31/12/201731/05/201801/06/2018FrenchPDF
Full model31/12/201614/06/201723/06/2017FrenchPDF
Full model31/12/201526/05/201622/06/2016FrenchPDF
Full model31/12/201430/06/201514/07/2015FrenchPDF
Full model31/12/201312/05/201403/06/2014FrenchPDF
Full model31/12/201230/06/201330/08/2013FrenchPDF
Abridged model31/12/201131/05/201215/06/2012FrenchPDF
Abridged model31/12/201026/05/201110/06/2011FrenchPDF
Abridged model31/12/200926/04/201020/07/2010FrenchPDF
Abridged model31/12/200828/05/200915/06/2009FrenchPDF
Abridged model31/12/200721/04/200808/05/2008FrenchPDF
Abridged model31/12/200631/05/200712/06/2007FrenchPDF

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 · 26 ended

Active mandates

Anton WIPPEL

Director · since 30 mai 2025 · until 28 mai 2026

Active
Johannes KLINGEN

Director · since 30 mai 2024 · until 27 mai 2025

Active
Guillaume BOISOT

Managing director · since 03 janvier 2023 · until 28 mai 2026

Active
Xavier GANDIBLEU

Managing director · since 29 mai 2020 · until 28 mai 2026

Active

Ended mandates

Johannes KLINGEN

Director · since 30 mai 2024 · until 28 mai 2026

Ended
Robert COPENHAVER

Director · since 25 août 2022 · until 30 mai 2024

Ended
Robert COPENHAVER

Director · since 25 août 2022 · until 28 mai 2026

Ended
Jonathan JACQMOT

Managing director · since 03 janvier 2022 · until 19 mai 2023

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates20/07/2026
    DEMISSIONS, NOMINATIONS
    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

  1. 2025
    Annual accounts 20252,4 M €↓
  2. 2024
    Annual accounts 20243,8 M €↑
  3. 2023
    Annual accounts 20233 M €↑
  4. 2022
    Annual accounts 20222,6 M €↓
  5. 2021
    Annual accounts 20212,8 M €↓
  6. 2020
    Annual accounts 20204,8 M €↑
  7. 2019
    Annual accounts 20193 M €↓
  8. 2018
    Annual accounts 20184,3 M €↑
  9. 2012
    Annual accounts 2012317,5 k €↓
  10. 2011
    Annual accounts 2011391,5 k €↑
  11. 2010
    Annual accounts 2010179,3 k €↓
  12. 2009
    Annual accounts 2009179,6 k €↑
  13. 2008
    Annual accounts 2008-5,7 k €↓
  14. 2007
    Annual accounts 2007183,1 k €↓
  15. 2006
    Annual accounts 2006254,5 k €
  16. 17/07/1998
    IncorporationPublic limited company