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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 132 to 91.1.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
EPAM SYSTEMS.BE from Watermaal-Bosvoorde, company number BE0463478965, closed financial year 2025 with a result of € -2 million after tax. For that financial year EPAM SYSTEMS.BE recorded revenue of € 21 million and equity of € 5.4 million. Compared with financial year 2024, the result moved from € -1.8 million to € -2 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 5.4 million
▲ 94% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2 million
▼ 10 % more loss than in 2024
Profit after tax over the fiscal year.
€ 9.2 million
▲ 97% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.1 million.
People and assets in 2025
91.1
▼ 20.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 11 million
▼ 7% vs 2024
€ 120,200 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.
€ 108,789
▼ 23% 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.
€ 3.1 million
▲ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 90 days on average.
€ 2.4 million
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 39,565,529 | € 26,185,634 | € 21,950,762 | € 21,045,083 | ▼ 4% |
| Profit after taxes | € -1,194,760 | € -4,130,705 | € -1,826,679 | € -2,016,605 | ▼ € 189,926 |
| Equity | € 1,696,212 | € -2,434,493 | € 2,778,034 | € 5,400,816 | ▲ 94% |
| Total debts | € 11,481,025 | € 20,307,127 | € 9,441,687 | € 18,244,388 | ▲ 93% |
| Cash | € 346,327 | € 6,161,812 | € 4,668,116 | € 9,210,593 | ▲ 97% |
| Retained profit | € -1,553,798 | € -5,684,503 | € -1,512,083 | € 1,110,699 | ▲ € 2.6 million |
| Dividend | € 0 | € 0 | € 0 | € 11,000,000 | |
| Bank debt | € 180,105 | € 81,238 | € 19,715 | € 0 | ▼ 100% |
| Balance sheet total | € 13,177,237 | € 17,872,634 | € 12,219,721 | € 23,645,204 | ▲ 94% |
| Employees (FTE) | 154.1 | 132 | 111.2 | 91.1 | ▼ 20.1 |
Key figures of EPAM SYSTEMS.BE, 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 EPAM SYSTEMS.BE?
What happened at EPAM SYSTEMS.BE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2 million. Source: NBB ↗
- Frédéric DESONNAY stepped down as director. NBB
- New establishment in Gent. KBO
- Peterson Jason became a director. NBB
- Frédéric DESONNAY became a director. NBB
- New establishment in Watermaal-Bosvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.2 million loss in 2022 to € 2 million loss in 2025.
Paid € 148,665 in corporate taxes since 2022.
Paid out € 11 million in dividends to the owners in total.
Pays suppliers within 90 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 stake of EPAM Systems Belgium comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EPAM SYSTEMS.BEBehind EPAM SYSTEMS.BE is Peterson Jason. The shares are held by EPAM SYSTEMS INC (100%) and EPAM Systems Belgium (100%).
Directors
According to the 2025 annual accounts
Peterson Jason
Managing director
since 2025
since 2022 · until 2026
Shareholders
EPAM SYSTEMS INC
100%
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vorstlaan 25/6
1170 Watermaal-Bosvoorde
Vorstlaan 25 box 6
1170 Watermaal-Bosvoorde
Active since 23 July 1998
Stapelplein 7 box 201
9000 Gent
Active since 5 January 2026
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
- 0463.478.965
- VAT number
- BE 0463.478.965
- Registered office
- Vorstlaan 25/6, 1170 Watermaal-Bosvoorde
- Names & denominations
- EPAM SYSTEMS.BE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 June 1998
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
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