Software development company with a permanent team of 6 developers and multi-year framework agreements. Flemish Brabant
Financial data
We are offering 100% of the shares in a Belgian software development company with a permanent team of six developers and revenue of approximately 1.15 million euros. Normalized EBITDA amounts to approximately 280,000 euros after adjusting for the compensation paid to the two partners.
The company works for about ten clients under framework agreements, with multi-year commitments from the two largest. All clients came to the company organically; there has never been a sales function. The partners are not involved in day-to-day operations and do not generate revenue—all services are provided by the team.
Reason for the transfer: Both partners are unable to devote themselves full-time to the company and are seeking a party that can help the team grow further.
Custom software and application development on a time-and-materials basis, carried out by a team of six full-time developers: two senior developers with more than twenty years of experience, three mid-level developers with more than five years of experience, and one junior developer with three years of experience. For each project, the lead developer serves as the point of contact for the client.
Projects are carried out under framework agreements that are renewed annually or biennially. Two clients have active contracts for the next two years; the company holds preferred supplier status with a major Belgian financial institution. The largest client accounts for approximately 45% of revenue, based on a long-term contractual relationship.
Revenue grew from approximately 205,000 euros in 2021 to 1.15 million euros in 2025, while the team expanded from one to seven full-time equivalents during the same period. The company is debt-free.
No active sales efforts were ever made. All customers came in on their own initiative, which means that an acquirer with an existing sales or account management organization can grow revenue without first having to build a reputation.
For a strategic acquirer, there are three concrete opportunities: deploying the team to serve its own customer portfolio, expanding existing framework agreements to include related services, and scaling up the team based on the existing influx of requests. Preferred supplier status with a major financial institution is a gateway that would take years to establish on one’s own.
In addition, the current structure has been deliberately kept lean. An acquirer that can leverage its own overhead, recruitment, and administration can increase margins without changing the service offering.
Unique features
- Adjusted EBITDA of approximately 280,000 euros on revenue of 1.15 million euros
- Six full-time developers, two with more than twenty years of experience
- Framework agreements with all customers; multi-year contracts with the two largest
- Preferred supplier to a major Belgian financial institution
- Completely inbound customer acquisition, with no sales costs
- Debt-free balance sheet with a substantial cash position
- Transfer by mutual agreement: the partners are available to facilitate a smooth transition
- Location
- Heverlee, Vlaams-Brabant
- Legal form
- Company
- Number of employees
- 6
- Customer type
- B2B (Business to Business)
- Active since
- 2019
- Real estate included
- No
- Translated from
- Dutch
- Disclaimer
- Takeover market is not responsible for the content. Please check for accuracy and completeness.
