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DESCARTES SYSTEMS (BELGIUM)

Active
Public limited companyfounded 1999active for 26 yearsDuwijckstraat 17, 2500 Lier, Belgium65 active companies are registered at this addressKBO/BCE: BE 0467.369.853
Summary

DESCARTES SYSTEMS (BELGIUM) has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €13.8m and a net result of €2.8m. Equity remains stable across the filed financial years (±1.1% per year). Its solvency ranks better than 89% of 40 sector peers (NACE 62, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
DESCARTES SYSTEMS (BELGIUM)ActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Computer programming
NACE 62100Computer consultancy and computer facilities management NACE 62200
Largest company by total assets in Lier, Telecoms and IT sector2 sites
Size
€22.3moperating revenue 2026
Staff
56.7 FTE
Equity
€13.8m
Profit
€2.8m
Financial health
97 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
The Descartes Systems Group Inc.
Holdings
2
Auditor: KPMG Réviseurs d'Entreprises2026 accounts 52 days early
Why 97raises riskLiquidity: current ratio 2.49, cash €886,399lowers riskEquity €13.8m (79.9% of total assets)Profit of €2.8m (financial year 2026)Sector: Computer programming, consultancy and related activities (NACE 62)Show the evidence

Checked score

Score 2026
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 79% of its sector peers (NACE 62, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2025
Strong
Solvency 100+1
equity 79.9% of total assets
Liquidity 51+6
short-term debt 18.1% · cash 5.1%
Profitability 92+8
return on assets 15.9%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (207 companies, NACE 62, medium-sized)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025highest value 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €1,000,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.49, compared with 1.65 in 2025, above the usual 1.5; short-term debt: 18.1% and cash: 5.1% of total assets), and 20.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, medium-sized): better than 95% on solvency, 74% on liquidity, 91% on profitability and 55% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Equity €13.8m (79.9% of total assets)
NBB · annual accounts
lowers risk · Profit of €2.8m (financial year 2026)
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
raises risk · Liquidity: current ratio 2.49, cash €886,399
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2024 and did not fall compared with 2025. These amounts do not establish the cause of the change.
NBB · annual accounts 2026
Equity per financial year
1920212223242526
2019 to 2026 · latest year €13.8m
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 10-07-2026, 52 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
52 days early
2025
52 days early
2024
51 days early
2023
50 days early
2022
42 days early
2021
49 days early
2020
53 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 50 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 12 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-01-2027 year end31-08-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Capital & shares · Amendment of…Capital decrease · Power of…
  2. Annual accounts filedfinancial year 2026 · full…
  3. Resignation: Allan Brett (director)Gazette deed

Key points

  • Positive: Result rose in 2026from €1.1m to €2.8m ▲ 148% View
  • Positive: Largest company by total assets in Lier, Telecoms and IT sectorin the Checked rankings No. 1 View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2026: €2.8m 8 years View
  • Controlled by The Descartes Systems Group…the company in turn controls 2 companies parent View
  • A director leftlatest change 05-03-2026 · 2 in office 1 left View

By topic

Financials

Financial year
2026
Turnover
€10.2m
Profit
€2.8m
Solvency
79.9%
Turnover▲ 6.5%
Net result
20192026
Go to Financials

Board & ownership

Board
2 members
Parent
The Descartes Systems Group…
Auditor
KPMG Réviseurs d'Entreprises
  • Edward James GardnerDirector
  • John Scott PaganDirector
Go to Board & ownership

Network & group

Subsidiaries
2
Connected companies
24
Mergers and asset contributions
3

2 subsidiaries

Go to Network & group

Timeline

Events
83
Since
2002
Next accounts
by 31-08-2027
  1. 31-01-2026Highest result from 2019 to 2026
  2. 09-01-2026Capital & shares
  3. 13-08-2025Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Computer programmingNACE 62100
Founded
22-11-1999
Year ends
31-01
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
“De vennootschap heeft tot voorwerp voor eigen rekening als voor rekening van derden, in…” (deed in Dutch)
Go to Articles of association

Key facts about DESCARTES SYSTEMS (BELGIUM)

What is the company number of DESCARTES SYSTEMS (BELGIUM)?
0467.369.853. In Belgium the VAT number is the company number with BE in front: BE 0467.369.853.
Where is DESCARTES SYSTEMS (BELGIUM) based?
The registered office is at Duwijckstraat 17, 2500 Lier.Company details
What does DESCARTES SYSTEMS (BELGIUM) do?
According to the KBO register, the main activity is computer programming (NACE 62100).
What is the legal form of DESCARTES SYSTEMS (BELGIUM)?
Public limited company (NV).
When was DESCARTES SYSTEMS (BELGIUM) founded?
On 22-11-1999.
Is DESCARTES SYSTEMS (BELGIUM) still active?
Yes, DESCARTES SYSTEMS (BELGIUM) is an active enterprise in the KBO register.
How many employees does DESCARTES SYSTEMS (BELGIUM) have?
On average 56.7 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
What is the turnover of DESCARTES SYSTEMS (BELGIUM)?
€10.2m in financial year 2026, according to the filed annual accounts.
Is DESCARTES SYSTEMS (BELGIUM) profitable?
In financial year 2026, DESCARTES SYSTEMS (BELGIUM) made a profit of €2.8m.
Where can I find the annual accounts of DESCARTES SYSTEMS (BELGIUM)?
DESCARTES SYSTEMS (BELGIUM) filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of DESCARTES SYSTEMS (BELGIUM) due?
By 31-08-2027, for financial year 2027.Timeline

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