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 10.5 to 8.9.
-
Busy address KBO
46 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BASWARE BELGIUM from Gent, company number BE0500813770, closed financial year 2025 with a result of € 760,570 after tax. For that financial year BASWARE BELGIUM recorded revenue of € 7.6 million and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 1.2 million to € 760,570. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 2.3 million
▲ 49% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 760,570
▼ 37% vs 2024
Profit after tax over the fiscal year.
€ 591,641
▲ 127% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -818,629.
People and assets in 2025
8.9
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.8 million
▲ 2% vs 2024
€ 201,500 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.1 million
▲ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 84 days on average.
€ 450,588
▼ 49% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,760,458 | € 6,625,154 | € 7,173,595 | € 7,581,022 | ▲ 6% |
| Profit after taxes | € 593,001 | € 593 | € 1,213,070 | € 760,570 | ▼ 37% |
| Equity | € 334,232 | € 334,825 | € 1,547,895 | € 2,308,465 | ▲ 49% |
| Total debts | € 2,424,579 | € 4,945,838 | € 5,063,440 | € 2,614,849 | ▼ 48% |
| Cash | € 22,943 | € 378,986 | € 260,974 | € 591,641 | ▲ 127% |
| Retained profit | € -2,792,862 | € -2,792,269 | € -1,579,199 | € -818,629 | ▲ € 760,570 |
| Bank debt | € 110,968 | € 2,140,564 | € 0 | € 0 | |
| Balance sheet total | € 2,758,811 | € 5,280,663 | € 6,611,335 | € 4,923,313 | ▼ 26% |
| Employees (FTE) | 13.4 | 10.5 | 10.3 | 8.9 | ▼ 1.4 |
Key figures of BASWARE 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 BASWARE BELGIUM?
What happened at BASWARE BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jason Mark Kurtz stepped down as director. NBB
- Martti Tapani Nurminen stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 760,570 (▼ 37% vs 2024). Source: NBB ↗
- Jason Mark Kurtz became a director. NBB
- Martti Tapani Nurminen became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 593,001 profit in 2022 to € 760,570 profit in 2025.
Paid € 103,177 in corporate taxes since 2022.
Best year ever: 2024, with € 1.2 million profit.
Pays suppliers within 84 days on average.
Management
The shares are held by Basware Corporation (100%) and Basware International Ltd. (0%).
Directors
According to the 2025 annual accounts
Jason Mark Kurtz
Director
since 2023 · until 2029
Martti Tapani Nurminen
Director
since 2019 · until 2029
Shareholders
Basware Corporation
100%
Basware International Ltd.
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ottergemsesteenweg-Zuid 808 box B211
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 46 companies are registered at this address.
All companies at this address →Schaeffler Belgium
€ 21.9 million revenue · 2025
KONINKLIJKE ATHLETIEK ASSOCIATIE GENT - Voetbalafdeling
€ 37.5 million revenue · 2025
Bontinck Architecture and Interior NV
€ 2.5 million revenue · 2026
Sales Management Association Belgium
KAAG Management
€ 136,551 gross margin · 2025
+41 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
- 0500.813.770
- VAT number
- BE 0500.813.770
- Registered office
- Ottergemsesteenweg-Zuid 808 bus B211, 9000 Gent
- Names & denominations
- BASWARE BELGIUM · Basware
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 November 2012
- Peppol
- Active · Active since 30 Aug 2023
- Activities · NACE
Groothandel in informatie- en communicatieapparatuur
Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten
Groothandel in computers, randapparatuur en software
Gegevensverwerking, webhosting en aanverwante activiteiten