Mission

Our group performed very well in 2010 and both our divisions services and software show good results. Our objectives in terms of expected growth and profit have been met.

Today, BSB is recognized as one of Europe’s leading publishers of software solutions designed for the financial world in general and for the insurance industry in particular. This evolution is clearly reflected by the substantial progress of our figures. 

Click here to find out the Corporate Brochure. 

BSB employs 370 people and this number will be shortly increased up to 500. We have reached a critical size, becoming larger than most of our competitors. Our financial situation is sound. We experience for the moment being a rapid and recurrent growth. Our business model is built on a very industrial and highly professional approach with regard to product development, product roll-out and risk sharing between the publisher and the client.

Launched in 1998 as a software package for asset and wealth management, SOLIAM counts today about hundred references among which some of the most prestigious names in the European financial world. It has acquired its place among the most important software solutions in Europe.

Our second software, SOLIFE has been brought on the market at the end of 2005. It covers all the aspects of individual life insurance and is already used by more than 20 companies. Its coverage will soon be extended to group insurance. Important analysts such as Gartner and Celent refer to it as being a very significant product on the European market.

For 2011, we foresee at least two new initiatives which will take place in May:

• The launching of Solfia, a new activity that will provide our software solutions in SaaS mode;

• Creation of a new subsidiary in Switzerland.

The last years, we have invested 40% of our income in the development of our products. This strategy has allowed us to take a considerable functional and technologic lead on most of our competitors... from which our clients benefit. 

This effort will be continued. On the one hand, our technosphere changes rapidly: iPad, social networks and cloud computing are some of the most obvious examples of this phenomenon that will have an impact on our strategy and solutions. On the other hand, we must continue to provide our clients with business functionalities that keep ahead of the needs of their market. 

At the beginning of 2010, our services activity still suffered the impact of the financial crisis. But it has rapidly recovered from it and ended the year with a 3% growth. 

In 2010, we signed several « new names » for the SAP software and reinforced our partnership with SAP. We have also increased the number of our teams. In May 2011, SAP and BSB will launch a new common initiative on the Walloon market which should lead to a substantial progress of this activity.

Our activity consisting in the development of tailor made systems in general and transactional websites in particular maintained well in 2010 and shows an accelerated grow in the course of the first months of 2011.

However, despite this growth and positive spiral, we have to remain alert and pay special attention to the fundamental risks induced by this growth. This means that we must be able to control this growth and to maintain the high quality level of our services and software solutions.
 

Moreover, our macro-economic frame will be facing in the coming years a consolidation of the market which will lead to competitors of increasing size. This is an issue that our management will have to watch very carefully and for which actions will have to be taken. 

But the key of our current and future success is and will always be the quality, the professionalism and the commitment of our staff members. On behalf of the entire BSB management, we want to thank all of them for the efforts they made.

Thank you,