Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SAP BELGIUM - SYSTEMS APPLICATIONS AND PRODUCTS from Machelen (Brab.), company number BE0441797980, closed financial year 2025 with a result of € 30.3 million after tax. For that financial year SAP BELGIUM - SYSTEMS APPLICATIONS AND PRODUCTS recorded revenue of € 536 million and equity of € 22.3 million. Compared with financial year 2024, the result moved from € 20.7 million to € 30.3 million. Profitable, and profit is growing. The buffer shrank hard: equity is 57 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 17, 2026.
€ 22.3 million
▼ 57% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30.3 million
▲ 47% vs 2024
Profit after tax over the fiscal year.
€ 106.4 million
▲ € 102.1 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 60 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
300.7
▼ 7.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 94.9 million
▼ 12% vs 2024
€ 315,500 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.
€ 1.6 million
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 77.1 million
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 68 days on average.
€ 46.1 million
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 377,025,715 | € 404,174,510 | € 460,974,211 | € 536,008,771 | ▲ 16% |
| Profit after taxes | € 12,500,419 | € 8,991,289 | € 20,694,101 | € 30,317,023 | ▲ 47% |
| Equity | € 62,326,332 | € 31,317,621 | € 52,011,721 | € 22,328,744 | ▼ 57% |
| Total debts | € 205,530,870 | € 218,704,412 | € 197,640,929 | € 263,534,910 | ▲ 33% |
| Cash | € 3,843,520 | € 5,184,742 | € 4,280,749 | € 106,410,058 | ▲ € 102.1 million |
| Retained profit | € 61,582,652 | € 30,573,940 | € 51,268,041 | € 21,585,063 | ▼ 58% |
| Dividend | € 90,000,000 | € 40,000,000 | € 0 | € 60,000,000 | |
| Balance sheet total | € 267,957,451 | € 250,233,315 | € 249,845,728 | € 286,060,353 | ▲ 14% |
| Employees (FTE) | 330.1 | 319.7 | 308.6 | 300.7 | ▼ 7.9 |
Key figures of SAP BELGIUM - SYSTEMS APPLICATIONS AND PRODUCTS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SAP BELGIUM - SYSTEMS APPLICATIONS AND PRODUCTS?
What happened at SAP BELGIUM - SYSTEMS APPLICATIONS AND PRODUCTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Veerle VAN PUYENBROECK stepped down as director. NBB
- Bart VAN DER BIEST stepped down as director. NBB
- Katelijne LEEMANS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 30.3 million (▲ 47% vs 2024). Source: NBB ↗
- Stijn DE BEUCKELAER stepped down as director. NBB
- Veerle VAN PUYENBROECK became a director. NBB
- Bart VAN DER BIEST became a director. NBB
- Katelijne LEEMANS became a director. NBB
In short
From € 12.5 million profit in 2022 to € 30.3 million profit in 2025.
Paid € 28.2 million in corporate taxes since 2022.
Best year ever: 2025, with € 30.3 million profit.
Paid out € 190 million in dividends to the owners in total.
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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 SAP Nederland BV (100%) and SAP Foreign Holding GmbH (0%).
Directors
According to the 2025 annual accounts
Katelijne LEEMANS
Director
since 2022 · until 2028
Veerle VAN PUYENBROECK
Director
since 2026 · until 2032
since 2020 · until 2026
Bart VAN DER BIEST
Managing director
since 2025 · until 2031
Shareholders
SAP Nederland BV
100%
SAP Foreign Holding GmbH
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hermeslaan 9
1831 Machelen (Brab.)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
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€ 346.7 million revenue · 2025
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€ 15.3 million revenue · 2025
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€ 26.4 million revenue · 2025
RES Certification
The House of Marketing
€ 14.9 million revenue · 2025
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
SAP_SCI, DE
Domain
Domain
sap.com
Registered
1995-01-18
Registrar
Network Solutions, LLC
Expires
2034-01-19
Website info
Features
Security
Details
- Company number
- 0441.797.980
- VAT number
- BE 0441.797.980
- Registered office
- Hermeslaan 9, 1831 Machelen (Brab.)
- Names & denominations
- SAP BELGIUM - SYSTEMS APPLICATIONS AND PRODUCTS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 September 1990
- Peppol
- Active · Active since 12 Jan 2026
- Contact
- sap.com [email protected] +32/2.674.65.11
- Activities · NACE
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