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  • BE Market
  • /
  • Tech

Belgian (BEL20) Software Industry Analysis

UpdatedSep 20, 2026
DataAggregated Company Financials
Companies2
  • 7D0.9%
  • 3M-6.3%
  • 1Y-24.8%
  • YTD-17.1%

Over the last 7 days, the Software industry has remained flat, although notably Banqup Group gained 5.6%. As for the longer term, the industry has declined 21% in the last year. Looking forward, earnings are forecast to grow by 45% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 20 Sep 2026€208.3m€107.3m-€37,043,000.0057.9x-5.6x1.9x
Tue, 18 Aug 2026€210.6m€105.8m-€36,043,000.0057.6x-5.8x2x
Thu, 16 Jul 2026€204.1m€106.0m-€34,018,000.0029.8x-6x1.9x
Sat, 13 Jun 2026€190.0m€106.0m-€34,018,000.0031.3x-5.6x1.8x
Mon, 11 May 2026€220.3m€106.0m-€34,018,000.0030.1x-6.5x2.1x
Wed, 08 Apr 2026€238.8m€106.0m-€34,018,000.0030.2x-7x2.3x
Fri, 06 Mar 2026€258.4m€102.8m-€41,476,000.00n/a-6.2x2.5x
Sun, 01 Feb 2026€255.3m€130.7m-€50,969,000.00n/a-5x2x
Tue, 30 Dec 2025€244.0m€130.7m-€50,969,000.00n/a-4.8x1.9x
Thu, 27 Nov 2025€256.1m€130.7m-€50,969,000.00n/a-5x2x
Sat, 25 Oct 2025€259.6m€130.7m-€50,969,000.00n/a-5.1x2x
Mon, 22 Sep 2025€277.3m€130.7m-€50,969,000.00n/a-5.4x2.1x
Wed, 20 Aug 2025€271.7m€134.7m-€54,412,000.00n/a-5x2x
Fri, 18 Jul 2025€264.0m€135.1m-€53,899,000.00n/a-4.9x2x
Sun, 15 Jun 2025€242.5m€135.1m-€53,899,000.00n/a-4.5x1.8x
Tue, 13 May 2025€251.6m€135.1m-€53,899,000.00n/a-4.7x1.9x
Thu, 10 Apr 2025€243.5m€135.1m-€53,899,000.00n/a-4.5x1.8x
Sat, 08 Mar 2025€244.5m€133.6m-€47,387,000.0032.6x-5.2x1.8x
Mon, 03 Feb 2025€249.7m€241.9m-€76,468,000.0034x-3.3x1x
Wed, 01 Jan 2025€252.4m€241.9m-€76,468,000.0035.4x-3.3x1x
Fri, 29 Nov 2024€233.1m€241.9m-€76,468,000.0028.7x-3x1x
Sun, 27 Oct 2024€270.6m€241.9m-€76,468,000.0032.3x-3.5x1.1x
Tue, 24 Sep 2024€252.3m€241.9m-€76,468,000.0032.6x-3.3x1x
Thu, 22 Aug 2024€251.6m€241.4m-€80,095,000.0033.3x-3.1x1x
Sat, 20 Jul 2024€242.9m€239.4m-€82,580,000.0096.6x-2.9x1x
Mon, 17 Jun 2024€241.9m€239.4m-€82,580,000.00104.6x-2.9x1x
Wed, 15 May 2024€278.5m€239.4m-€82,580,000.0098.1x-3.4x1.2x
Fri, 12 Apr 2024€269.7m€239.4m-€82,580,000.0087.7x-3.3x1.1x
Sun, 10 Mar 2024€231.7m€239.5m-€83,299,000.00169.7x-2.8x1x
Tue, 06 Feb 2024€216.6m€240.6m-€46,248,000.00173x-4.7x0.9x
Thu, 04 Jan 2024€199.8m€240.6m-€46,248,000.00180.7x-4.3x0.8x
Sat, 02 Dec 2023€199.5m€240.6m-€46,248,000.00196x-4.3x0.8x
Mon, 30 Oct 2023€197.6m€240.6m-€46,248,000.00183.9x-4.3x0.8x
Wed, 27 Sep 2023€210.0m€240.6m-€46,248,000.00196x-4.5x0.9x
  • Price to Earnings
  • Price to Sales
  • Median Price to Earnings
Price to Earnings Ratio

-4.5x


Wed, 27 Sep 2023
Total Market Cap: €210.0mTotal Earnings: -€46,248,000.00Total Revenue: €240.6mTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Software Industry Price to Earnings3Y Average -4.5x202420252026
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
  • The earnings for companies in the Software industry have improved over the last three years.
  • Meanwhile revenues for these companies have declined 24% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.

Industry Trends

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

BE Market0.72%
Tech-0.67%
Software0.90%
Application Software0.90%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 45% over the next 5 years.
    • In contrast, the Application Software industry is expected to see its earnings grow by 45% 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
    BANQ Banqup Group€2.162.4%
    +€1.9m
    -45.2%PS1.5x

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    Latest News

    BANQ
    €2.16
    Banqup Group
    7D
    2.4%
    1Y
    -45.2%