ACTIVE

DESCARTES SYSTEMS (BELGIUM)

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Financial year 2026 · Closed on 31/01/2026

Net result2,8 M €+148,1 %over 1 year
Revenue10,2 M €+6,5 %over 1 year
Equity13,8 M €+5,8 %over 1 year
Workforce56,7 ETP-2,7 %over 1 year

Identity

Source · BCE/KBO

DESCARTES SYSTEMS (BELGIUM) is a Public limited company incorporated in 1999. Its main activity is: Computer programming activities. Its registered office is in Lier. It employs on average 56,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0467.369.853
Incorporation
22/11/1999
Legal form
Public limited company
Registered office
Duwijckstraat 17
2500 Lier · FlandreSee on map
Contributed capital
10 890 855,05 €
Latest accounts
31/01/2026
Average workforce
56,7 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 18 financial years

20262025202420232022
Income statement
Revenue10,2 M €9,6 M €9 M €8,7 M €9,1 M €
EBITDA3,8 M €2 M €803,5 k €1,2 M €1,2 M €
Operating result3,1 M €1,3 M €261 k €613,5 k €140,2 k €
Net result2,8 M €1,1 M €236,7 k €468,8 k €128,6 k €
Balance sheet
Equity13,8 M €13,1 M €12,5 M €13,2 M €13,5 M €
Total assets17,3 M €17,6 M €17,1 M €16,4 M €17,6 M €
Cash886,4 k €515,6 k €457,2 k €253,1 k €1,1 M €
Debts3,1 M €4,2 M €4,3 M €2,8 M €3,7 M €
Other
Workforce56,7 ETP58,3 ETP61,8 ETP62,1 ETP60,7 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 31/01/2026

2 active · 47 ended

Active mandates

Edward James Gardner

Director · since 08 juillet 2023 · until 08 juillet 2029

Active
John Scott Pagan

Managing director · since 08 juillet 2023 · until 08 juillet 2029

Active

Ended mandates

John Scott Pagan

Director · since 08 juillet 2023 · until 08 juillet 2029

Ended
Allan Brett

Director · since 08 juillet 2020 · until 08 juillet 2026

Ended
Allan James Brett

Director · since 08 juillet 2020 · until 08 juillet 2026

Ended
Edward James Gardner

Director · since 08 juillet 2017 · until 08 juillet 2023

Ended

Other companies at this address

Duwijckstraat 17 2500 Lier
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ANI HOLDING BELGIE● Active
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AUXIFINA● Active
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AVINEON● Active
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BAUW● Bankrupt
0454.316.524
BIZZAPPS● Active
0803.123.871
BLICKLE● Active
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CONTENTSERV BENELUX● Active
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Creafin● Active
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DATASOFT SERVICES● Active
0464.659.593
DE KARWEIMAN● Bankrupt
0461.859.263
DELTA BELGIUM● Active
0434.193.972
DELTA - EM● Active
0463.485.596
DOUBLE SEVEN● Active
0893.793.236
DUBRICK● Active
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DUHOLD● Active
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FEIN BELGIUM● Active
1032.693.276

Full financial information

Source · NBB
202620252024202320222021
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/02/202501/02/202401/02/202301/02/202201/02/202101/02/2020
Closing of the financial year31/01/202631/01/202531/01/202431/01/202331/01/202231/01/2021
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date10/07/202610/07/202511/07/202412/07/202320/07/202213/07/2021
General meeting08/07/202608/07/202508/07/202407/07/202308/07/202208/07/2021
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 model31/01/202608/07/202610/07/2026DutchPDF
Full model31/01/202508/07/202510/07/2025DutchPDF
Full model31/01/202408/07/202411/07/2024DutchPDF
Full model31/01/202307/07/202312/07/2023DutchPDF
Full model31/01/202208/07/202220/07/2022DutchPDF
Full model31/01/202108/07/202113/07/2021DutchPDF
Full model31/01/202008/07/202009/07/2020DutchPDF
Full model31/01/201908/07/201910/07/2019DutchPDF
Full model31/01/201808/07/201811/07/2018DutchPDF
Full model31/01/201708/07/201712/07/2017DutchPDF
Full model31/01/201608/07/201615/07/2016DutchPDF
Full model31/01/201508/07/201514/07/2015DutchPDF
Full model31/01/201408/07/201408/07/2014DutchPDF
Full model31/01/201308/07/201318/07/2013DutchPDF
Full model31/01/201209/07/201219/07/2012DutchPDF
Full model31/01/201129/07/201127/09/2011DutchPDF
Full model30/06/200913/10/200919/10/2009DutchPDF
Consolidated accounts30/06/200913/10/200922/10/2009DutchPDF
Full model30/06/200814/10/200822/12/2008DutchPDF
Consolidated accounts30/06/200814/10/200803/12/2008DutchPDF
Full model30/06/200709/10/200710/10/2007DutchPDF
Consolidated accounts30/06/200709/10/200707/11/2007DutchPDF

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 31/01/2026

2 active · 47 ended

Active mandates

Edward James Gardner

Director · since 08 juillet 2023 · until 08 juillet 2029

Active
John Scott Pagan

Managing director · since 08 juillet 2023 · until 08 juillet 2029

Active

Ended mandates

John Scott Pagan

Director · since 08 juillet 2023 · until 08 juillet 2029

Ended
Allan Brett

Director · since 08 juillet 2020 · until 08 juillet 2026

Ended
Allan James Brett

Director · since 08 juillet 2020 · until 08 juillet 2026

Ended
Edward James Gardner

Director · since 08 juillet 2017 · until 08 juillet 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Capital / shares14/07/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates21/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares09/01/2026
    KAPITAAL - AANDELEN
    PDF
  • Mandates13/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares22/07/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Capital / shares30/10/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates12/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares29/07/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2026
    Annual accounts 20262,8 M €↑
  2. 2025
    Annual accounts 20251,1 M €↑
  3. 2024
    Annual accounts 2024236,7 k €↓
  4. 2023
    Annual accounts 2023468,8 k €↑
  5. 2022
    Annual accounts 2022128,6 k €↓
  6. 2021
    Annual accounts 2021547 k €↓
  7. 2020
    Annual accounts 20201,2 M €↑
  8. 2019
    Annual accounts 2019725,8 k €↑
  9. 2018
    Annual accounts 2018-1,7 M €↓
  10. 2017
    Annual accounts 2017-41,4 k €↓
  11. 2016
    Annual accounts 2016935,6 k €↑
  12. 2015
    Annual accounts 201555 k €↓
  13. 2014
    Annual accounts 2014461,3 k €↓
  14. 2014
    Name changeDescartes Systems (BELGIUM)
  15. 2013
    Annual accounts 20131,7 M €↑
  16. 2012
    Annual accounts 2012284,2 k €↑
  17. 2011
    Annual accounts 2011-1,7 M €↓
  18. 2009
    Annual accounts 20091,6 M €↑
  19. 2009
    Name changeZEMBLAZ
  20. 2007
    Annual accounts 2007-816,9 k €
  21. 2007
    Name changePORTHUS
  22. 22/11/1999
    IncorporationPublic limited company