What does Visma Belgium Holding do?

Visma Belgium Holding is registered with the CBE as active in: Activiteiten van holdings. Private Limited, started on 26 September 2020, 1 establishment.

What is the address of Visma Belgium Holding?

The registered office of Visma Belgium Holding is located at Desguinlei 100 box 11, 2018 Antwerpen.

Is Visma Belgium Holding still active?

Yes. According to the CBE (29 September 2026) Visma Belgium Holding is active, legal situation “Normale toestand”, started on 26 September 2020.

Is Visma Belgium Holding registered on Peppol?

Yes, Visma Belgium Holding is registered on the Peppol network with ID 0208:0754932390.

What is the enterprise number of Visma Belgium Holding?

The enterprise number of Visma Belgium Holding is BE0754932390.

When was Visma Belgium Holding founded?

Visma Belgium Holding was founded on 26 September 2020.

Who are the directors of Visma Belgium Holding?

According to the 2025 annual accounts, the directors of Visma Belgium Holding are: Merete Hverven, Gerben Stiens, Stian Grindheim.

Is Visma Belgium Holding a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 26 September 2020; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did Visma Belgium Holding make in 2025?

Visma Belgium Holding recorded a loss after taxes of € 37,028,538 in financial year 2025.

What is the revenue of Visma Belgium Holding?

As a small company, Visma Belgium Holding is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 521,933.

How much does an employee at Visma Belgium Holding earn?

The average wage cost per full-time employee at Visma Belgium Holding was € 133,200 in 2025: staff costs of € 426,086 for 3.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Visma Belgium Holding have?

According to the 2025 annual accounts, Visma Belgium Holding has 3.2 full-time equivalents (FTE).

Visma Belgium Holding (Private Limited) - Antwerpen

Dossier Visma Belgium Holding, printed on 29 September 2026 from databakkes.be/en/0754932390/visma-belgium-holding. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
Busy address KBO

43 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

Visma Belgium Holding from Antwerpen, company number BE0754932390, closed financial year 2025 with a result of € -37 million after tax. For that financial year Visma Belgium Holding recorded a gross margin of € 521,933 and equity of € 307.4 million. Compared with financial year 2024, the result moved from € -23.7 million to € -37 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.

What it is worth Healthy

€ 307.4 million

▼ 1% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -37 million

▼ 57 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 5.9 million

▼ 46% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -71.8 million.

People and assets in 2025

Full-time equivalents

3.2

▲ 1.4 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 426,086

▲ 96% vs 2024

€ 133,200 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.

Vehicles and equipment

€ 2,646

▲ 258% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 432 million

▲ 27% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 37,488

▼ 86% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Wages and social charges

€ 71,657

▲ 169% vs 2024

Wages, holiday pay and social contributions still to pay. No outstanding taxes.

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Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -367,749 Gross margin 2022: € -367,749 First fiscal year in the series	€ -274,535 Gross margin 2023: € -274,535 ▲ € 93,214 vs 2022 (€ -367,749) Favourable step	€ -425,652 Gross margin 2024: € -425,652 ▼ € 151,117 vs 2023 (€ -274,535) Unfavourable step	€ 521,933 Gross margin 2025: € 521,933 ▲ € 947,586 vs 2024 (€ -425,652) Favourable step	▲ € 947,586
Profit after taxes	€ -887,104 Profit after taxes 2022: € -887,104 First fiscal year in the series	€ -9,472,084 Profit after taxes 2023: € -9,472,084 ▼ € 8.6 million vs 2022 (€ -887,104) Unfavourable step	€ -23,652,985 Profit after taxes 2024: € -23,652,985 ▼ € 14.2 million vs 2023 (€ -9,472,084) Unfavourable step	€ -37,028,538 Profit after taxes 2025: € -37,028,538 ▼ € 13.4 million vs 2024 (€ -23,652,985) Unfavourable step	▼ € 13.4 million
Equity	€ 160,863,191 Equity 2022: € 160,863,191 First fiscal year in the series	€ 226,391,107 Equity 2023: € 226,391,107 ▲ 41% vs 2022 (€ 160,863,191) Favourable step	€ 310,738,472 Equity 2024: € 310,738,472 ▲ 37% vs 2023 (€ 226,391,107) Favourable step	€ 307,386,619 Equity 2025: € 307,386,619 ▼ 1% vs 2024 (€ 310,738,472) Unfavourable step	▼ 1%
Total debts	€ 26,323,535 Total debts 2022: € 26,323,535 First fiscal year in the series	€ 283,974,425 Total debts 2023: € 283,974,425 ▲ € 257.7 million vs 2022 (€ 26,323,535) Unfavourable step	€ 347,127,062 Total debts 2024: € 347,127,062 ▲ 22% vs 2023 (€ 283,974,425) Unfavourable step	€ 441,919,482 Total debts 2025: € 441,919,482 ▲ 27% vs 2024 (€ 347,127,062) Unfavourable step	▲ 27%
Cash	€ 2,386,231 Cash 2022: € 2,386,231 First fiscal year in the series	€ 4,621,713 Cash 2023: € 4,621,713 ▲ 94% vs 2022 (€ 2,386,231) Favourable step	€ 10,834,822 Cash 2024: € 10,834,822 ▲ 134% vs 2023 (€ 4,621,713) Favourable step	€ 5,866,042 Cash 2025: € 5,866,042 ▼ 46% vs 2024 (€ 10,834,822) Unfavourable step	▼ 46%
Retained profit	€ -1,636,809 Retained profit 2022: € -1,636,809 First fiscal year in the series	€ -11,108,893 Retained profit 2023: € -11,108,893 ▼ € 9.5 million vs 2022 (€ -1,636,809) Unfavourable step	€ -34,761,878 Retained profit 2024: € -34,761,878 ▼ € 23.7 million vs 2023 (€ -11,108,893) Unfavourable step	€ -71,790,415 Retained profit 2025: € -71,790,415 ▼ € 37 million vs 2024 (€ -34,761,878) Unfavourable step	▼ € 37 million
Bank debt	€ 26,000,000 Bank debt 2022: € 26,000,000 First fiscal year in the series	€ 282,864,350 Bank debt 2023: € 282,864,350 ▲ € 256.9 million vs 2022 (€ 26,000,000) Unfavourable step	€ 341,046,134 Bank debt 2024: € 341,046,134 ▲ 21% vs 2023 (€ 282,864,350) Unfavourable step	€ 432,000,000 Bank debt 2025: € 432,000,000 ▲ 27% vs 2024 (€ 341,046,134) Unfavourable step	▲ 27%
Balance sheet total	€ 187,186,726 Balance sheet total 2022: € 187,186,726 First fiscal year in the series	€ 510,365,532 Balance sheet total 2023: € 510,365,532 ▲ 173% vs 2022 (€ 187,186,726) Unchanged	€ 657,865,533 Balance sheet total 2024: € 657,865,533 ▲ 29% vs 2023 (€ 510,365,532) Unchanged	€ 749,306,101 Balance sheet total 2025: € 749,306,101 ▲ 14% vs 2024 (€ 657,865,533) Unchanged	▲ 14%
Employees (FTE)	1.4 Employees (FTE) 2022: 1.4 First fiscal year in the series	1.2 Employees (FTE) 2023: 1.2 ▼ 0.2 vs 2022 (1.4) Unchanged	1.8 Employees (FTE) 2024: 1.8 ▲ 0.6 vs 2023 (1.2) Unchanged	3.2 Employees (FTE) 2025: 3.2 ▲ 1.4 vs 2024 (1.8) Unchanged	▲ 1.4

Key figures of Visma Belgium Holding, 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 Visma Belgium Holding?

What happened at Visma Belgium Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 16, 2026 New annual accounts for financial year 2025: loss of € 37 million. Source: NBB ↗
2024 Gerben Stiens became a director. NBB
Sep 26, 2020 New establishment in Antwerpen. KBO
2020 Merete Hverven became a director. NBB
2020 Stian Grindheim became a director. NBB
Sep 26, 2020 Start of the company according to the CBE. KBO

In short

From € 887,104 loss in 2022 to € 37 million loss in 2025.

Paid € 718 in corporate taxes since 2022.

On average € 163,100 of value added per employee in 2025.

Original PDFs at the National Bank ↗

A new publication or filing at Visma Belgium Holding? We notify you, reason included.

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My folder 3 companies

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

Real filings at the National Bank

Management

Visma AS 100%

Visma Belgium Holding

Silverfin 100%

Admisol 100%

TwinnTax 100%

Visma Bouwsoft 100%

Behind Visma Belgium Holding are Merete Hverven, Gerben Stiens and Stian Grindheim. The shares are held by Visma AS (100%). It owns 100% of Silverfin, 100% of Admisol, 100% of TwinnTax, 100% of Visma Bouwsoft, 100% of SynUp and 100% of Accountants Academy itself.

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