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Belgian (BEL20) Software Industry Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies2
  • 7D-2.5%
  • 3M-5.1%
  • 1Y-10.3%
  • YTD-5.1%

Over the last 7 days, the Software industry has dropped 2.5%, driven by a pullback from Banqup Group of 5.6%. The industry has fallen 10% in the last year. Earnings are forecast to grow by 47% annually.

Industry Valuation and Performance

Has the Belgian Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026€238.3m€106.0m-€34,018,000.0029.8x-7x2.2x
Sun, 01 Mar 2026€261.5m€130.7m-€50,969,000.00n/a-5.1x2x
Tue, 27 Jan 2026€252.0m€130.7m-€50,969,000.00n/a-4.9x1.9x
Thu, 25 Dec 2025€245.6m€130.7m-€50,969,000.00n/a-4.8x1.9x
Sat, 22 Nov 2025€253.5m€130.7m-€50,969,000.00n/a-5x1.9x
Mon, 20 Oct 2025€261.4m€130.7m-€50,969,000.00n/a-5.1x2x
Wed, 17 Sep 2025€270.3m€130.7m-€50,969,000.00n/a-5.3x2.1x
Fri, 15 Aug 2025€269.4m€134.7m-€54,412,000.00n/a-5x2x
Sun, 13 Jul 2025€254.4m€135.1m-€53,899,000.00n/a-4.7x1.9x
Tue, 10 Jun 2025€247.8m€135.1m-€53,899,000.00n/a-4.6x1.8x
Thu, 08 May 2025€248.1m€135.1m-€53,899,000.00n/a-4.6x1.8x
Sat, 05 Apr 2025€248.6m€135.1m-€53,899,000.00n/a-4.6x1.8x
Mon, 03 Mar 2025€252.2m€133.6m-€47,387,000.0032.8x-5.3x1.9x
Wed, 29 Jan 2025€246.5m€241.9m-€76,468,000.0034.5x-3.2x1x
Fri, 27 Dec 2024€253.5m€241.9m-€76,468,000.0035.4x-3.3x1x
Sun, 24 Nov 2024€235.5m€241.9m-€76,468,000.0029.7x-3.1x1x
Tue, 22 Oct 2024€258.2m€241.9m-€76,468,000.0030.4x-3.4x1.1x
Thu, 19 Sep 2024€256.4m€241.9m-€76,468,000.0033.3x-3.4x1.1x
Sat, 17 Aug 2024€252.7m€241.4m-€80,095,000.0034.7x-3.2x1x
Mon, 15 Jul 2024€253.7m€239.4m-€82,580,000.00103.1x-3.1x1.1x
Wed, 12 Jun 2024€250.4m€239.4m-€82,580,000.00103.1x-3x1x
Fri, 10 May 2024€273.3m€239.4m-€82,580,000.0096.1x-3.3x1.1x
Sun, 07 Apr 2024€253.0m€239.4m-€82,580,000.0083.7x-3.1x1.1x
Tue, 05 Mar 2024€208.3m€239.5m-€83,299,000.00167.5x-2.5x0.9x
Thu, 01 Feb 2024€207.9m€240.6m-€46,248,000.00176.3x-4.5x0.9x
Sat, 30 Dec 2023€204.1m€240.6m-€46,248,000.00186.1x-4.4x0.8x
Mon, 27 Nov 2023€195.6m€240.6m-€46,248,000.00190.5x-4.2x0.8x
Wed, 25 Oct 2023€172.2m€240.6m-€46,248,000.00158.8x-3.7x0.7x
Fri, 22 Sep 2023€209.3m€240.6m-€46,248,000.00196x-4.5x0.9x
Sun, 20 Aug 2023€256.4m€239.1m-€42,950,000.00200.4x-6x1.1x
Tue, 18 Jul 2023€288.7m€237.7m-€42,250,000.00103.6x-6.8x1.2x
Thu, 15 Jun 2023€270.6m€237.7m-€42,250,000.00106.6x-6.4x1.1x
Sat, 13 May 2023€285.5m€237.7m-€42,250,000.00114.7x-6.8x1.2x
Mon, 10 Apr 2023€293.7m€229.7m-€32,980,000.0055x-8.9x1.3x
Price to Earnings Ratio

-8.9x


Total Market Cap: €293.7mTotal Earnings: -€32,980,000.00Total Revenue: €229.7mTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Software Industry Price to Earnings3Y Average -4.6x202420252026
Current Industry PE
    There are only 2 companies in the Belgian Software industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • Losses for companies in the Software industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 23% per year.
  • This means that the cost of doing business could be reducing since sales have declined but losses haven't fallen much further.

Industry Trends

Which industries have driven the changes within the Belgian Tech industry?

BE Market3.59%
Tech0.29%
Software-2.47%
Application Software-2.47%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 47% over the next 5 years.
    • In contrast, the Application Software industry is expected to see its earnings grow by 47% per year over the next few years.

    Top Stock Gainers and Losers

    Which companies have driven the market over the last 7 days?

    CompanyLast Price7D1YValuation
    HYSG Hybrid Software Group€3.860.5%
    +€637.7k
    4.3%PE29.8x