n-Side
0472.607.061 · rovalta.com · 22/09/2026
ACTIVE
n-Side
Financial year 2025 · closed on 30/09/2025
Net result
-1,6 M €
+26.0% YoY
Revenue
29,7 M €
+13.9% YoY
Equity
7,3 M €
-17.6% YoY
Workforce
161,1 ETP
-4.6% YoY
Overview
What does n-Side do?
n-Side is a Public limited company incorporated in 2000. Its main activity is: Other software publishing. Its registered office is in Ottignies-Louvain-la-Neuve. It employs on average 161,1 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0472.607.061
Incorporation
22/08/2000
Legal form
Public limited company
Registered office
Courbevoie 13
1348 Ottignies-Louvain-la-Neuve · WallonieSee on map
1348 Ottignies-Louvain-la-Neuve · WallonieSee on map
Contributed capital
7 798 642,98 €
Latest accounts
30/09/2025
Average workforce
161,1 ETP
Activities (NACE)
Joint committees (2)
- 200
- 218
Signals
Good liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 29,7 M € | +13.9% | 26,1 M € | +10.0% | 23,7 M € | +30.1% | 18,2 M € | +27.0% | 14,4 M € | +16.7% | 12,3 M € | – | – | – | – | – | – | – | – | – | – | – | – | – | |||||||||||||
| EBITDA | 5,9 M € | +9.8% | 5,4 M € | -6.4% | 5,8 M € | +162% | 2,2 M € | -40.5% | 3,7 M € | -15.8% | 4,4 M € | +33.6% | 3,3 M € | +153% | 1,3 M € | -3.7% | 1,4 M € | +398% | 271,1 k € | +43.9% | 188,4 k € | +318% | -86,3 k € | +84.3% | -550,9 k € | -409% | 178 k € | -8.6% | 194,7 k € | -35.9% | 303,6 k € | +245% | 88 k € | +1102% | -8,8 k € | -105% | 184,8 k € |
| Operating result | -1,1 M € | +29.4% | -1,5 M € | -486% | 389,6 k € | +121% | -1,8 M € | -391% | 625,9 k € | -71.0% | 2,2 M € | +99.5% | 1,1 M € | +342% | 244,7 k € | +17.1% | 209 k € | +9.3% | 191,2 k € | -19.2% | 236,7 k € | +262% | -146,3 k € | +81.9% | -809,4 k € | -3227% | -24,3 k € | -118% | 134,7 k € | -50.0% | 269,3 k € | +304% | 66,6 k € | +272% | -38,6 k € | -125% | 155,8 k € |
| Net result | -1,6 M € | +26.0% | -2,1 M € | -314% | 979,1 k € | +141% | -2,4 M € | -774% | 356,3 k € | -82.5% | 2 M € | +105% | 990,7 k € | +326% | 232,7 k € | +380% | 48,5 k € | -89.8% | 474,3 k € | +11.8% | 424,1 k € | +2060% | 19,6 k € | +104% | -481,6 k € | -434% | 144,1 k € | -3.2% | 148,9 k € | -40.5% | 250,2 k € | +435% | 46,8 k € | +700% | -7,8 k € | -106% | 126,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 7,3 M € | -17.6% | 8,8 M € | +7.4% | 8,2 M € | +13.9% | 7,2 M € | -4.6% | 7,6 M € | +47.5% | 5,1 M € | +65.7% | 3,1 M € | +47.2% | 2,1 M € | +12.5% | 1,9 M € | +2.7% | 1,8 M € | +18.6% | 1,5 M € | +201% | 508,6 k € | +4.0% | 488,9 k € | -49.6% | 970,5 k € | +17.4% | 826,4 k € | +9.3% | 756,3 k € | +59.5% | 474,3 k € | +10.9% | 427,5 k € | -1.8% | 435,3 k € |
| Total assets | 24,3 M € | -14.3% | 28,3 M € | +17.6% | 24,1 M € | +30.8% | 18,4 M € | +28.4% | 14,3 M € | +20.5% | 11,9 M € | +25.4% | 9,5 M € | +96.2% | 4,8 M € | +45.0% | 3,3 M € | +0.0% | 3,3 M € | +15.4% | 2,9 M € | +83.7% | 1,6 M € | +56.8% | 1 M € | -42.6% | 1,7 M € | -9.6% | 1,9 M € | +7.5% | 1,8 M € | +77.5% | 1 M € | +40.9% | 719,5 k € | -12.2% | 819,3 k € |
| Cash | 1,4 M € | -71.2% | 4,9 M € | +4.0% | 4,7 M € | +129% | 2,1 M € | -33.8% | 3,1 M € | +7.6% | 2,9 M € | +91.3% | 1,5 M € | +449% | 276,6 k € | -71.6% | 972,7 k € | -27.5% | 1,3 M € | +13.2% | 1,2 M € | +1139% | 95,6 k € | -44.6% | 172,7 k € | -40.3% | 289,2 k € | -58.8% | 702,1 k € | +80.1% | 389,8 k € | -4.9% | 409,9 k € | +198% | 137,4 k € | -65.6% | 399 k € |
| Debts | 13,4 M € | -20.7% | 17 M € | +19.1% | 14,2 M € | +43.4% | 9,9 M € | +53.8% | 6,5 M € | +10.4% | 5,8 M € | +25.5% | 4,7 M € | +83.8% | 2,5 M € | +133% | 1,1 M € | -22.1% | 1,4 M € | +8.1% | 1,3 M € | +21.8% | 1,1 M € | +106% | 515 k € | -33.7% | 777,2 k € | -29.8% | 1,1 M € | +7.2% | 1 M € | +98.3% | 521 k € | +81.2% | 287,5 k € | -25.1% | 384 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 161,1 ETP | -4.6% | 168,8 ETP | -2.0% | 172,3 ETP | -3.4% | 178,4 ETP | +47.3% | 121,1 ETP | +42.1% | 85,2 ETP | +27.0% | 67,1 ETP | +13.9% | 58,9 ETP | +53.4% | 38,4 ETP | +43.3% | 26,8 ETP | +36.7% | 19,6 ETP | +4.8% | 18,7 ETP | -27.5% | 25,8 ETP | +14.7% | 22,5 ETP | +30.8% | 17,2 ETP | +56.4% | 11,0 ETP | +61.8% | 6,8 ETP | -15.0% | 8,0 ETP | +15.9% | 6,9 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 50 M€ and 100 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 14 active · 54 ended
Active mandates
Axel MILLER
ActiveCharles André BROUWERS
ActiveActive
Active
Yves CRAMA
ActiveSARL PELSIA
ActiveActive
Active
Active
Active
Arbia SMITI
ActiveGatien GILLON
ActivePhilippe CHEVALIER
ActiveEnded mandates
At this address
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|---|---|
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COMO CONSULTING● Active | 0834.455.465 |
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DATANET INTERNATIONAL● Active | 0867.872.262 |
DOKEOS● Active | 0862.938.031 |
DYNAMIK HR● Active | 0544.943.921 |
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Financials
Annual accounts
Full financial information
| 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 | 01/10/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 30/09/2025 | 30/09/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 27/03/2026 | 08/04/2025 | 02/04/2024 | 29/03/2023 | 21/04/2022 | 21/04/2022 |
| General meeting | 16/03/2026 | 14/03/2025 | 15/03/2024 | 10/03/2023 | 11/03/2022 | 12/03/2021 |
| 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 daysFilings
Annual accounts filings
22 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 30/09/2025 | 16/03/2026 | 27/03/2026 | French | |
| Full model | 30/09/2024 | 14/03/2025 | 08/04/2025 | French | |
| Full model | 30/09/2023 | 15/03/2024 | 02/04/2024 | French | |
| Full model | 30/09/2022 | 10/03/2023 | 29/03/2023 | French | |
| Full model | 30/09/2021 | 11/03/2022 | 21/04/2022 | French | |
| Full modelCorrection | 30/09/2020 | 12/03/2021 | 21/04/2022 | French | |
| Full model | 30/09/2020 | 12/03/2021 | 19/03/2021 | French | |
| Abridged model | 30/09/2019 | 13/03/2020 | 30/03/2020 | French | |
| Abridged model | 30/09/2018 | 01/03/2019 | 18/03/2019 | French | |
| Abridged modelCorrection | 30/09/2017 | 09/03/2018 | 26/10/2018 | French | |
| Abridged model | 30/09/2017 | 09/03/2018 | 24/04/2018 | French | |
| Abridged model | 30/09/2016 | 10/03/2017 | 26/04/2017 | French | |
| Abridged model | 30/09/2015 | 11/03/2016 | 25/03/2016 | French | |
| Abridged model | 30/09/2014 | 13/03/2015 | 03/04/2015 | French | |
| Abridged model | 30/09/2013 | 14/03/2014 | 28/04/2014 | French | |
| Abridged model | 30/09/2012 | 08/03/2013 | 13/04/2013 | French | |
| Abridged model | 30/09/2011 | 09/03/2012 | 05/04/2012 | French | |
| Abridged model | 30/09/2010 | 11/03/2011 | 05/04/2011 | French | |
| Abridged model | 30/09/2009 | 26/03/2010 | 26/04/2010 | French | |
| Abridged model | 30/09/2008 | 02/01/2009 | 26/03/2009 | French | |
| Abridged model | 30/09/2007 | 14/03/2008 | 03/04/2008 | French | |
| Abridged model | 30/09/2006 | 09/03/2007 | 21/03/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 50 M€ and 100 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
Governance
Board of directors
Seen on filing of 30/09/2025 · 14 active · 54 ended
Active mandates
Axel MILLER
ActiveCharles André BROUWERS
ActiveActive
Active
Yves CRAMA
ActiveSARL PELSIA
ActiveActive
Active
Active
Active
Arbia SMITI
ActiveGatien GILLON
ActivePhilippe CHEVALIER
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates22/05/2026DEMISSIONS, NOMINATIONS
- Mandates08/05/2026DEMISSIONS, NOMINATIONS
- Capital / shares16/04/2026DIVERS - CAPITAL, ACTIONS
- Mandates04/03/2026DEMISSIONS, NOMINATIONS
- Mandates03/02/2026DEMISSIONS, NOMINATIONS
- Mandates09/05/2025DEMISSIONS, NOMINATIONS
- Mandates07/05/2025DEMISSIONS, NOMINATIONS
- Mandates21/11/2024DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-1,6 M €↑
- 2024Annual accounts 2024-2,1 M €↓
- 2023Annual accounts 2023979,1 k €↑
- 2022Annual accounts 2022-2,4 M €↓
- 2021Annual accounts 2021356,3 k €↓
- 2020Annual accounts 20202 M €↑
- 2019Annual accounts 2019990,7 k €↑
- 2018Annual accounts 2018232,7 k €↑
- 2017Annual accounts 201748,5 k €↓
- 2016Annual accounts 2016474,3 k €↑
- 2015Annual accounts 2015424,1 k €↑
- 2014Annual accounts 201419,6 k €↑
- 2013Annual accounts 2013-481,6 k €↓
- 2012Annual accounts 2012144,1 k €↓
- 2011Annual accounts 2011148,9 k €↓
- 2010Annual accounts 2010250,2 k €↑
- 2009Annual accounts 200946,8 k €↑
- 2008Annual accounts 2008-7,8 k €↓
- 2007Annual accounts 2007126,1 k €
- 22/08/2000IncorporationPublic limited company