Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
EPAM Systems Belgium from Watermaal-Bosvoorde, company number BE0464812221, closed financial year 2025 with a result of € 34.5 million after tax. For that financial year EPAM Systems Belgium recorded revenue of € 2.9 million and equity of € 17.7 million. Compared with financial year 2024, the result moved from € -28.7 million to € 34.5 million. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 17.7 million
▼ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 34.5 million
▲ still € 28.7 million loss in 2024
Profit after tax over the fiscal year.
€ 1.2 million
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 34.5 million paid out
100 % of the profit went to the shareholders, mostly to Epam Systems Inc. (100 % of the shares). That is where the money ends up.
People and assets in 2025
€ 2,638
▼ 99% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 69,250
▼ 89% vs 2024
Loans from banks and other lenders, long and short.
€ 1.2 million
▼ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 135 days on average.
€ 39,408
▲ € 37,304 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 17,190,135 | € 8,373,430 | € 2,075,174 | € 2,937,556 | ▲ 42% |
| Profit after taxes | € 162,779 | € -4,740,488 | € -28,724,600 | € 34,498,508 | ▲ € 63.2 million |
| Equity | € 25,268,492 | € 20,528,004 | € 28,053,033 | € 17,703,404 | ▼ 37% |
| Total debts | € 36,220,085 | € 46,485,841 | € 39,755,591 | € 35,896,790 | ▼ 10% |
| Cash | € 1,313,849 | € 1,122,180 | € 3,485,376 | € 1,211,325 | ▼ 65% |
| Retained profit | € 12,483,886 | € 7,743,399 | € -20,981,201 | € 739,308 | ▲ € 21.7 million |
| Dividend | € 0 | € 0 | € 0 | € 34,498,508 | |
| Bank debt | € 3,425,403 | € 2,394,418 | € 642,629 | € 69,250 | ▼ 89% |
| Balance sheet total | € 61,488,577 | € 67,013,845 | € 67,808,624 | € 53,600,195 | ▼ 21% |
| Employees (FTE) | 7.6 | 7.1 | 3.2 | - |
Key figures of EPAM Systems 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 EPAM Systems Belgium?
What happened at EPAM Systems Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 34.5 million. Source: NBB ↗
- Anatoly Roytman stepped down as director. NBB
- Frédéric Desonnay stepped down as director. NBB
- Jason Peterson became a director. NBB
- Frédéric Desonnay became a director. NBB
- Anatoly Roytman became a director. NBB
- New establishment in Watermaal-Bosvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 162,779 profit in 2022 to € 34.5 million profit in 2025.
Paid € 82,376 in corporate taxes since 2022.
Best year ever: 2025, with € 34.5 million profit.
Paid out € 34.5 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
Behind EPAM Systems Belgium is Jason Peterson. The shares are held by Epam Systems Inc. (100%). It owns 100% of Emakina Asia Pte Ltd itself.
Directors
According to the 2025 annual accounts
Jason Peterson
Director
since 2025
Anatoly Roytman
Director
since 2021 · until 2026
Frédéric Desonnay
Managing director, Administrator-manager
since 2023 · until 2026
Shareholders
Epam Systems Inc.
100%
Participations
Emakina Asia Pte Ltd
100%
Establishments
Establishment units
Physical locations of this company
Vorstlaan 25/6
1170 Watermaal-Bosvoorde
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
epam.com
Registered
1996-10-18
Registrar
GoDaddy.com, LLC
Expires
2029-10-17
Website info
Features
Security
Network
Details
- Company number
- 0464.812.221
- VAT number
- BE 0464.812.221
- Registered office
- Vorstlaan 25/6, 1170 Watermaal-Bosvoorde
- Names & denominations
- EPAM Systems Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 1998
- Peppol
- Active · Active since 30 Dec 2025
- Contact
- epam.com
- Activities · NACE
Activiteiten van holdings
Holdings
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