ACTIVE

Cloud Software Group Belgium

Export PDF

Financial year 2025 · closed on 30/11/2025

Net result

174,9 k €

+71.9% YoY

Revenue

4,6 M €

+74.5% YoY

Equity

3,3 M €

+5.6% YoY

Workforce

5,2 ETP

-18.8% YoY

What does Cloud Software Group Belgium do?

Cloud Software Group Belgium is a Private limited company incorporated in 2000. Its main activity is: Data processing, hosting and related activities; web portals. Its registered office is in Zaventem. It employs on average 5,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0471.715.948

Incorporation

18/04/2000

Legal form

Private limited company

Registered office

Da Vincilaan 9
1930 Zaventem · FlandreSee on map

Contributed capital

6 333,34 €

Latest accounts

30/11/2025

Average workforce

5,2 ETP

Activities (NACE)

63100Data processing, hosting and related activities; web portals· main 63110Data processing, hosting and related activities 72400Scientific research and development

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	4,6 M €	+74.5%	2,6 M €	-20.1%	3,3 M €	+4.9%	3,1 M €	-9.5%	3,5 M €	-5.8%	3,7 M €	+38.9%	2,7 M €	+8.7%	2,4 M €	-6.0%	2,6 M €	-11.4%	2,9 M €	-12.8%	3,4 M €	+105%	1,6 M €	+10.7%	1,5 M €	-1.6%	1,5 M €	+4.1%	1,5 M €	+17.4%	1,2 M €	-12.3%	1,4 M €	+33.2%	1,1 M €	+32.4%	800,6 k €
EBITDA	265,8 k €	+71.4%	155,1 k €	-36.4%	243,6 k €	-25.3%	326,2 k €	-3.9%	339,4 k €	-5.2%	358 k €	+4.5%	342,5 k €	-1.2%	346,5 k €	+17.7%	294,4 k €	-14.8%	345,5 k €	-10.4%	385,7 k €	+63.1%	236,5 k €	-18.1%	288,6 k €	-16.2%	344,6 k €	+41.7%	243,1 k €	+49.4%	162,7 k €	+39.5%	116,7 k €	-18.0%	142,4 k €	+27.2%	111,9 k €
Operating result	265,8 k €	+77.8%	149,5 k €	-37.3%	238,4 k €	-24.4%	315,6 k €	-4.3%	329,8 k €	-5.8%	350 k €	+4.2%	335,8 k €	-2.1%	342,8 k €	+20.6%	284,2 k €	-14.7%	333,2 k €	-11.4%	376,3 k €	+62.6%	231,4 k €	-18.7%	284,6 k €	-16.6%	341,1 k €	+42.2%	239,8 k €	+52.0%	157,8 k €	+39.6%	113,1 k €	-19.5%	140,5 k €	+25.7%	111,8 k €
Net result	174,9 k €	+71.9%	101,7 k €	-48.6%	197,9 k €	+13.5%	174,2 k €	-12.3%	198,6 k €	-14.7%	232,9 k €	+9.6%	212,5 k €	-4.9%	223,6 k €	+33.2%	167,8 k €	-15.3%	198,2 k €	-15.5%	234,7 k €	+80.6%	130 k €	-21.2%	164,9 k €	-19.1%	203,9 k €	+36.6%	149,3 k €	+159%	57,6 k €	+285%	-31,2 k €	-135%	87,9 k €	+24.2%	70,7 k €
Balance sheet
Equity	3,3 M €	+5.6%	3,1 M €	+3.4%	3 M €	+7.0%	2,8 M €	+6.5%	2,7 M €	+8.1%	2,5 M €	+10.4%	2,2 M €	+10.5%	2 M €	+12.5%	1,8 M €	+10.3%	1,6 M €	+29.9%	1,3 M €	+23.1%	1 M €	+14.6%	887,7 k €	+22.8%	722,8 k €	+39.3%	518,9 k €	+40.4%	369,5 k €	+18.5%	311,9 k €	-9.1%	343,1 k €	+34.4%	255,3 k €
Total assets	4,2 M €	-16.3%	5 M €	+37.5%	3,6 M €	+1.8%	3,6 M €	-1.5%	3,6 M €	+1.4%	3,6 M €	+33.3%	2,7 M €	+6.9%	2,5 M €	+7.0%	2,3 M €	+6.1%	2,2 M €	-1.9%	2,2 M €	+65.3%	1,4 M €	+5.2%	1,3 M €	+13.2%	1,1 M €	+31.5%	865,5 k €	+11.4%	776,9 k €	+0.0%	776,6 k €	+55.0%	501,2 k €	+22.3%	409,9 k €
Cash	1,2 M €	+1298%	83,4 k €	+48.0%	56,3 k €	-94.8%	1,1 M €	+45.1%	741 k €	+39.3%	531,9 k €	+258%	148,6 k €	-68.9%	477,9 k €	-16.9%	575,2 k €	+43.8%	399,9 k €	+341%	90,6 k €	+118%	41,7 k €	-60.3%	105 k €	+906%	10,4 k €	-79.7%	51,5 k €	-57.1%	120 k €	+305%	29,6 k €	-68.2%	93,1 k €	+391%	19 k €
Debts	857,2 k €	-53.5%	1,8 M €	+214%	586,4 k €	-18.6%	720,8 k €	-24.1%	949,7 k €	-13.4%	1,1 M €	+149%	440 k €	-8.2%	479,2 k €	-11.0%	538,5 k €	-5.7%	571,2 k €	-41.5%	976 k €	+206%	318,6 k €	-18.5%	391 k €	-0.5%	392,8 k €	+16.9%	336,1 k €	-13.2%	387 k €	-12.2%	440,8 k €	+206%	144,1 k €	-2.9%	148,5 k €
Other
Workforce	5,2 ETP	-18.8%	6,4 ETP	+16.4%	5,5 ETP	-50.5%	11,1 ETP	-24.5%	14,7 ETP	+8.9%	13,5 ETP	+10.7%	12,2 ETP	-1.6%	12,4 ETP	+20.4%	10,3 ETP	-6.4%	11,0 ETP	-3.5%	11,4 ETP	+17.5%	9,7 ETP	+7.8%	9,0 ETP	-9.1%	9,9 ETP	+30.3%	7,6 ETP	+1.3%	7,5 ETP	+11.9%	6,7 ETP	+39.6%	4,8 ETP	+20.0%	4,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 3 active · 30 ended

Active mandates

Brian Lee Shytle

Director · since 30 novembre 2025

Active

Thomas P. Berquist

Director · since 07 juin 2024 · until 30 novembre 2025

Active

Antonio Gilbert GOMES

Director · since 26 mai 2023

Active

Ended mandates

Thomas P. Berquist

Director · since 07 juin 2024

Ended

Alexander Edward KOLAR

Director · since 15 mai 2023

Ended

Ganesh VAIDYANATHAN

Director · since 15 mai 2023

Ended

Malgorzata STELMACH-HANSSON

Director · since 29 mai 2019

Ended

At this address

Other companies at this address

Company	CBE no.
3W+● Active	1032.159.875
BDO Atrio Groep● Active	0806.359.119
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES● Active	0431.088.289
BDO BELGIUM● Active	0407.716.932
BDO EXPERTS COMPTABLES & CONSEILLERS FISCAUX● Active	0438.475.137
BDO INNOVATION GARDEN● Active	0692.549.712
BDO Legal● Active	1027.819.522
BELON CONSULTING● Active	0838.137.111
Board Belgium● Active	0691.667.507
BRUSSELS WORLDWIDE SERVICES● Active	0820.820.829
DTL 96● Active	1008.029.344
e-NG Coalition● Active	1016.194.962
Everpure Belgium● Active	0671.713.617
Handelswerken Denayer● Active	0633.939.936
Kasper & Kent● Active	0712.756.097
LE BON THERM● Active	1029.425.069
Lepaya Belgium● Bankrupt	0462.330.308
M&F Group● Bankrupt	0730.800.770
Minebea Intec Belgium● Active	0543.817.632
MME EXPRESS● Active	0800.569.209

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Full model	Full model	Full model
Start of the financial year	01/12/2024	01/12/2023	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	11 months	12 months	12 months	12 months
Filing date	08/06/2026	28/08/2025	18/02/2025	31/07/2023	31/05/2022	22/06/2021
General meeting	14/05/2026	14/08/2025	10/02/2025	31/07/2023	31/05/2022	31/05/2021
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 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/11/2025	14/05/2026	08/06/2026	Dutch	PDF
Abridged model	30/11/2024	14/08/2025	28/08/2025	Dutch	PDF
Abridged model	30/11/2023	10/02/2025	18/02/2025	Dutch	PDF
Full model	31/12/2022	31/07/2023	31/07/2023	Dutch	PDF
Full model	31/12/2021	31/05/2022	31/05/2022	Dutch	PDF
Full model	31/12/2020	31/05/2021	22/06/2021	Dutch	PDF
Full model	31/12/2019	02/06/2020	18/06/2020	Dutch	PDF
Full model	31/12/2018	31/05/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	31/05/2018	28/06/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	27/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	03/08/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	29/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	10/07/2014	Dutch	PDF
Full model	31/12/2012	07/10/2013	28/10/2013	Dutch	PDF
Full model	31/12/2011	08/10/2012	05/11/2012	Dutch	PDF
Full model	31/12/2010	31/05/2011	11/07/2011	Dutch	PDF
Full model	31/12/2009	20/10/2010	17/01/2011	Dutch	PDF
Full model	31/12/2008	31/08/2009	30/09/2009	Dutch	PDF
Full model	31/12/2007	21/06/2008	18/08/2008	Dutch	PDF
Full model	31/12/2006	15/06/2007	17/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Governance

Board of directors

Seen on filing of 30/11/2025 · 3 active · 30 ended

Active mandates

Brian Lee Shytle

Director · since 30 novembre 2025

Active

Thomas P. Berquist

Director · since 07 juin 2024 · until 30 novembre 2025

Active

Antonio Gilbert GOMES

Director · since 26 mai 2023

Active

Ended mandates

Thomas P. Berquist

Director · since 07 juin 2024

Ended

Alexander Edward KOLAR

Director · since 15 mai 2023

Ended

Ganesh VAIDYANATHAN

Director · since 15 mai 2023

Ended

Malgorzata STELMACH-HANSSON

Director · since 29 mai 2019

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring21/10/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/08/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates19/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other28/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Registered office31/10/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Mandates12/04/2023
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025174,9 k €↑
2024
Annual accounts 2024101,7 k €↓
2023
Annual accounts 2023197,9 k €↑
2023
Name changeCloud Software Group Belgium
2022
Annual accounts 2022174,2 k €↓
2021
Annual accounts 2021198,6 k €↓
2021
Name changeCitrix Systems Belgium
2020
Annual accounts 2020232,9 k €↑
2019
Annual accounts 2019212,5 k €↓
2018
Annual accounts 2018223,6 k €↑
2017
Annual accounts 2017167,8 k €↓
2016
Annual accounts 2016198,2 k €↓
2014
Annual accounts 2014234,7 k €↑
2013
Annual accounts 2013130 k €↓
2012
Annual accounts 2012164,9 k €↓
2011
Annual accounts 2011203,9 k €↑
2010
Annual accounts 2010149,3 k €↑
2009
Annual accounts 200957,6 k €↑
2008
Annual accounts 2008-31,2 k €↓
2007
Annual accounts 200787,9 k €↑
2006
Annual accounts 200670,7 k €
18/04/2000
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Cloud Software Group Belgium

Overview

What does Cloud Software Group Belgium do?

Trend over 19 financial years

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