Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 78.4 to 70.4.
Financials
Financial year 2024
Cadence Design Systems Belgium from Watermaal-Bosvoorde, company number BE0447480893, closed financial year 2024 with a result of € -10.7 million after tax. For that financial year Cadence Design Systems Belgium recorded revenue of € 11.9 million and equity of € 1.2 million. Compared with financial year 2023, the result moved from € 6.6 million to € -10.7 million. The company made a loss. The buffer shrank hard: equity is 90 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 16, 2025.
€ 1.2 million
▼ 90% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10.7 million
▼ still € 6.6 million profit in 2023
Profit after tax over the fiscal year.
€ 2.7 million
▼ 1% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.9 million.
People and assets in 2024
70.4
▼ 4.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 15.7 million
▲ 14% vs 2023
€ 222,600 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.
€ 115,572
▼ 39% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 2.7 million
▲ 227% vs 2023
Loans from banks and other lenders, long and short.
€ 210,653
▼ 56% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 14 days on average.
€ 3.3 million
▲ 3% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 6,123,749 | € 8,877,802 | € 11,340,346 | € 11,891,581 | ▲ 5% |
| Profit after taxes | € -6,405,648 | € -9,331,759 | € 6,602,147 | € -10,738,392 | ▼ € 17.3 million |
| Equity | € 11,633,172 | € 5,434,188 | € 11,909,101 | € 1,170,709 | ▼ 90% |
| Total debts | € 16,558,267 | € 29,534,956 | € 54,297,125 | € 80,047,416 | ▲ 47% |
| Cash | € 1,964,130 | € 1,315,250 | € 2,757,811 | € 2,740,968 | ▼ 1% |
| Retained profit | € 10,612,718 | € 1,280,959 | € 7,883,107 | € -2,855,285 | ▼ € 10.7 million |
| Bank debt | € 4,441,310 | € 302,097 | € 819,189 | € 2,678,416 | ▲ 227% |
| Balance sheet total | € 28,191,440 | € 34,969,144 | € 66,206,226 | € 81,218,125 | ▲ 23% |
| Employees (FTE) | 84.6 | 78.4 | 75.2 | 70.4 | ▼ 4.8 |
Key figures of Cadence Design Systems Belgium, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Cadence Design Systems Belgium?
What happened at Cadence Design Systems Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ozawa Dean stepped down as director. NBB
- Nelson Steve stepped down as director. NBB
- Amandine Elliffe stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 10.7 million (▼ € 17.3 million vs 2023). filed late Source: NBB ↗
- Ozawa Dean became a director. NBB
- Amandine Elliffe became a director. NBB
- Nelson Steve became a director. NBB
- New establishment in Leuven. KBO
In short
From € 6.4 million loss in 2021 to € 10.7 million loss in 2024.
Paid € 546,562 in corporate taxes since 2021.
Best year ever: 2023, with € 6.6 million profit.
Pays suppliers within 14 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
It owns 100% of Couplednumerics, 100% of Numeca HK Ltd, 100% of Numflo and 100% of Numeca USA itself.
Directors
According to the 2024 annual accounts
Ozawa Dean
Managing director
since 2021 · until 2026
Amandine Elliffe
Managing director
since 2021 · until 2026
Nelson Steve
Managing director
since 2021 · until 2026
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 187-189
1170 Watermaal-Bosvoorde
Kapeldreef 60
3001 Leuven
Active since 27 June 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.480.893
- VAT number
- BE 0447.480.893
- Registered office
- Terhulpsesteenweg 187-189, 1170 Watermaal-Bosvoorde
- Names & denominations
- Cadence Design Systems Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 1992
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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