From the official registers: KBO 43 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
EPAM Systems Belgium is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €17.7m and a net result of €34.5m, of which €70.6m non-recurring income. Equity has been stable since 2018 (±1.5% per year). Its solvency ranks better than 26% of 3,028 sector peers (NACE 64, financial year 2025). The company has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 17-12-1998 Normal situation
- Registered office
- 139 active companies are registered at this address 15 started in the 12 months before. Source: KBO register, as of 1 November 2026.
- Activity
- Activities of holding companies NACE 64210and 2 others
- Establishment unit
- 2.089.777.502 1170 Watermaal-Bosvoorde, since 28-12-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Board and ownership
Board
- Frédéric DesonnayManaging director
- Anatoly RoytmanDirector
- Jason David PetersonDirector
- Jason PetersonDirector · since 04-06-2025
Shareholders
- Epam Systems Inc.100%annual accounts 2025
- Holdings
- Shares in 3 companies including Emakina Asia Pte Ltd and THE REFERENCE
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €34.5m
- Equity
- €17.7m
- ▼ 36.9%
- Total assets
- €53.6m
- ▼ 21.0%
- Staff
- ≈ 0.1 FTE
- estimated
Filed on 30-06-2026, 31 days before the deadlineat the National Bank
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
31 days early
2024
57 days early
2023
65 days late
2022
31 days early
2021
34 days early
2020
85 days early
2019
86 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Companies linked to EPAM Systems Belgium
Comparable companies
These companies have the same main activity as EPAM Systems Belgium: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €40m and €70m, founded between 1996 and 2001.
| Company | Total assets | Turnover |
|---|---|---|
| EPAM Systems Belgium Watermaal-Bosvoorde | €53.6m | €2.9m |
| HET BESTE BROOD Wijnegem | €56.0m | €2.6m |
| EMANDENDI Schilde | €62.4m | €2.4m |
| DS TEXTILE GROUP Dendermonde | €40.1m | €2.7m |
| CARLENCO Anderlecht | €69.9m | €2.3m |
| N & G GROUP Lanaken | €43.5m | €3.3m |
| PROVIRON HOLDING Hemiksem | €59.0m | €3.7m |
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 30-06-2026
- Annual accounts 2024filed on 04-06-2025
- Annual accounts 2023filed on 04-10-2024
- Annual accounts 2022filed on 30-06-2023
Acts in the Belgian Official Gazette
- Miscellaneousact of 22-09-2026
- Miscellaneousact of 08-01-2026
- Miscellaneousact of 13-06-2025
- Miscellaneousact of 05-12-2024
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about EPAM Systems Belgium
- What is the company number of EPAM Systems Belgium?
- The company number of EPAM Systems Belgium is 0464.812.221. The VAT number is the same number with BE in front: BE 0464.812.221.
- Where is EPAM Systems Belgium based?
- The registered office is at Vorstlaan 25/6, 1170 Watermaal-Bosvoorde.Company details
- What does EPAM Systems Belgium do?
- According to the KBO register, the main activity is activities of holding companies (NACE 64210).
- What is the legal form of EPAM Systems Belgium?
- The legal form of EPAM Systems Belgium is Private limited company (BV).
- When was EPAM Systems Belgium founded?
- EPAM Systems Belgium was founded on 17-12-1998.
- Is EPAM Systems Belgium still active?
- Yes, EPAM Systems Belgium is an active enterprise in the KBO register.
- How many employees does EPAM Systems Belgium have?
- EPAM Systems Belgium had an average of 3.2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of EPAM Systems Belgium?
- The turnover of EPAM Systems Belgium was €2.9m in financial year 2025, according to the filed annual accounts.
- Is EPAM Systems Belgium profitable?
- In financial year 2025, EPAM Systems Belgium made a profit of €34.5m.
- Where can I find the annual accounts of EPAM Systems Belgium?
- EPAM Systems Belgium filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
- When are the next annual accounts of EPAM Systems Belgium due?
- EPAM Systems Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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