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 25 to 8.8.
-
Busy address KBO
64 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Software A.G. Belgium from Oudergem, company number BE0459169294, closed financial year 2025 with a result of € 5.1 million after tax. For that financial year Software A.G. Belgium recorded revenue of € 7 million and equity of € 3.6 million. Compared with financial year 2024, the result moved from € 21.5 million to € 5.1 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 15, 2026.
€ 3.6 million
▲ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5.1 million
▼ 77% vs 2024
Profit after tax over the fiscal year.
€ 16,465
▼ 93% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 5.3 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
8.8
▼ 10.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3 million
▼ 44% vs 2024
€ 340,700 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.
€ 4,111
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 657,507
▼ 93% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 69 days on average.
€ 1.1 million
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,891,112 | € 16,692,768 | € 10,050,216 | € 6,980,647 | ▼ 31% |
| Profit after taxes | € 882,115 | € 1,859,869 | € 21,548,103 | € 5,057,570 | ▼ 77% |
| Equity | € 8,386,262 | € 10,246,131 | € 2,873,457 | € 3,627,875 | ▲ 26% |
| Total debts | € 9,953,857 | € 7,768,913 | € 40,947,096 | € 7,313,259 | ▼ 82% |
| Cash | € 177,863 | € 71,284 | € 249,083 | € 16,465 | ▼ 93% |
| Retained profit | € 6,836,262 | € 8,696,131 | € 1,323,457 | € 1,126,444 | ▼ 15% |
| Dividend | € 0 | € 0 | € 28,920,777 | € 5,254,583 | ▼ 82% |
| Bank debt | € 1,633,296 | € 731,981 | € 0 | € 0 | |
| Balance sheet total | € 18,424,415 | € 18,099,340 | € 44,003,431 | € 10,941,134 | ▼ 75% |
| Employees (FTE) | 25.7 | 25 | 19.3 | 8.8 | ▼ 10.5 |
Key figures of Software A.G. Belgium, 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 Software A.G. Belgium?
What happened at Software A.G. Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- César Gonzalez Fernandes stepped down as director. NBB
- George Weatherall stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 5.1 million (▼ 77% vs 2024). filed late Source: NBB ↗
- César Gonzalez Fernandes became a director. NBB
- George Weatherall became a director. NBB
- New establishment in Watermaal-Bosvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 882,115 profit in 2022 to € 5.1 million profit in 2025.
Paid € 10 million in corporate taxes since 2022.
Best year ever: 2024, with € 21.5 million profit.
Paid out € 34.2 million in dividends to the owners in total.
Management
The shares are held by SOFTWARE Gmbh (100%).
Directors
According to the 2025 annual accounts
César Gonzalez Fernandes
Director
since 2025 · until 2031
George Weatherall
Director
since 2025 · until 2031
Shareholders
SOFTWARE Gmbh
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Herrmann-Debrouxlaan 54
1160 Oudergem
Terhulpsesteenweg 166 C1
1170 Watermaal-Bosvoorde
Active since 13 November 1996
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 64 companies are registered at this address.
All companies at this address →Société de saint-Vincent-de-Paul, Conseil national de Belgique(Sint-Vincentius a Paulo Vereniging, Nationale Raad van België
€ 1.2 million gross margin · 2025
ABA MANAGEMENT
€ 78,749 gross margin · 2025
GROUP P - OVERNAME - TRANSMISSION
€ 37,787 gross margin · 2025
SCOOP AGENCY
€ -9,670 gross margin · 2025
BELGIUM PARCELS SERVICE
€ 1.4 million gross margin · 2024
+59 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0459.169.294
- VAT number
- BE 0459.169.294
- Registered office
- Herrmann-Debrouxlaan 54, 1160 Oudergem
- Names & denominations
- Software A.G. Belgium · ACSE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 November 1996
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Computeradviesbureaus
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Computerconsultancy-activiteiten
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Secretariaten
+3