Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SIEMENS INDUSTRY SOFTWARE from Leuven, company number BE0428295877, closed financial year 2025 with a result of € -34.7 million after tax. For that financial year SIEMENS INDUSTRY SOFTWARE recorded revenue of € 353.6 million and equity of € 205.5 million. Compared with financial year 2024, the result moved from € -41.7 million to € -34.7 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 11, 2026.
€ 205.5 million
▼ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34.7 million
▲ 17 % less loss than in 2024
Profit after tax over the fiscal year.
€ 102,670
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 51.9 million.
People and assets in 2025
486.8
▼ 14.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 75.5 million
▼ 2% vs 2024
€ 155,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 170,951
▲ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 166.8 million
▼ 13% vs 2024
€ 25.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 25.4 million
▲ 109% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 34 days on average.
€ 19.1 million
▼ 18% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 217,913,136 | € 253,110,924 | € 306,360,801 | € 353,566,326 | ▲ 15% |
| Profit after taxes | € -126,815,546 | € -111,193,652 | € -41,710,623 | € -34,747,778 | ▲ € 7 million |
| Equity | € 143,102,413 | € 31,908,761 | € 240,198,138 | € 205,450,487 | ▼ 14% |
| Total debts | € 563,294,673 | € 600,447,308 | € 357,894,259 | € 277,349,991 | ▼ 23% |
| Cash | € 117,658 | € 96,658 | € 99,236 | € 102,670 | ▲ 3% |
| Land & buildings | € 5,051,293 | € 4,458,748 | € 4,082,686 | € 3,566,014 | ▼ 13% |
| Retained profit | € -74,927,428 | € -186,121,080 | € 51,888,118 | € 51,888,246 | |
| Bank debt | € 493,869,355 | € 468,829,645 | € 191,807,901 | € 166,789,479 | ▼ 13% |
| Balance sheet total | € 706,397,086 | € 632,356,069 | € 598,092,397 | € 482,800,479 | ▼ 19% |
| Employees (FTE) | 533.8 | 526.7 | 501.7 | 486.8 | ▼ 14.9 |
Key figures of SIEMENS INDUSTRY SOFTWARE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to SIEMENS INDUSTRY SOFTWARE?
What happened at SIEMENS INDUSTRY SOFTWARE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PWC Bedrijfsrevisoren BV stepped down as director. NBB
- Thierry Van Eeckhout stepped down as director. NBB
- Jean-Claude Ercolanelli stepped down as director. NBB
- Dieter Van Hecke stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 34.7 million. Source: NBB ↗
- PWC Bedrijfsrevisoren BV became a director. NBB
- Thierry Van Eeckhout became a director. NBB
- New establishment in Liège. KBO
In short
From € 126.8 million loss in 2022 to € 34.7 million loss in 2025.
Paid € 3.9 million in corporate taxes since 2022.
Pays suppliers within 34 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Siemens Beteiligungen Europa GmbH (100%). It owns 100% of Siemens Industry Software (Beijing) Co., Ltd. itself.
Directors
According to the 2025 annual accounts
Commissaris · represented by Romain (A02047) Seffer
Also active at: Vacances Soralia -Territoire de Liège - Réseau Solidaris, JEUNESSE ET CULTURE-RESEAU SOLIDARIS, S.A. ISTA N.V., Toshiba Global Commerce Solutions (Benelux), ST Engineering iDirect (Europe) CY, FINANCES ET INDUSTRIES, KraussMaffei Group Benelux, Retravailler-Centre d'Insertion Socioprofessionnelle de Soralia Liège- réseau Solidaris +5 more
since 2024 · until 2027
since 2024 · until 2027
Jean-Claude Ercolanelli
Director
since 2021 · until 2027
Dieter Van Hecke
Director
since 2021 · until 2027
Shareholders
Siemens Beteiligungen Europa GmbH
100%
Participations
Siemens Industry Software (Beijing) Co., Ltd.
100%
Establishments
Establishment units
Physical locations of this company
Interleuvenlaan 68
3001 Leuven
Interleuvenlaan 70
3001 Leuven
Active since 10 January 1991
Interleuvenlaan 65
3001 Leuven
Active since 1 July 2014
Guido Gezellestraat 123
1654 Beersel
Active since 30 September 2016
Boulevard de Patience et Beaujonc 3
4000 Liège
Active since 1 October 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.295.877
- VAT number
- BE 0428.295.877
- Registered office
- Interleuvenlaan 68, 3001 Leuven
- Names & denominations
- SIEMENS INDUSTRY SOFTWARE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 1985
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts
Technische studiën en ingenieursactiviteiten
Overige advisering in verband met programmatuur en levering van programmatuur
Ontwerpen en programmeren van computerprogramma's
Lease van intellectuele eigendom en vergelijkbare producten, met uitzondering van werken onder auteursrecht
Overige diensten op het gebied van informatietechnologie en computer
Ontwerpen van computerprogramma’s
Overige vormen van onderwijs
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