Scaling Success: Belgian SaaS Company’s Journey from Local Leader to International Player
A Brussels-based SaaS company specializing in HR management software, with 25 employees and €2 million in annual revenue.
The client faced a critical juncture: how to scale operations to capture neighbouring markets while maintaining product quality and company culture. A unique challenge was integrating multi-country payroll regulations into their platform – a feature crucial for expansion but incredibly complex due to varying labour laws.
Revenue grew from €2 million to €4.5 million in 18 months
Successfully entered and gained market share in the Netherlands and Luxembourg, with groundwork laid for French market entry
Reduced customer churn from 15% to 7% annually
Expanded team from 25 to 45 employees across three countries while maintaining culture
Achieved 99.9% payroll accuracy across all supported countries
Reduced time-to-market for new country adaptations from 6 months to 8 weeks
Secured 5 million in Series A funding based on growth and market potential
The pivotal achievement was the development of the adaptive payroll compliance engine. This innovative system allowed the client to:
HQ:
Schumanplein 6, Brussels, 1040, Belgium
Second Branch:
Maximilianstrasse 13, Munich, 80539, Germany
Landline:
+32 2 320 97 73
Monday – Friday:
09:00 – 17:30 CET
Closed on Belgian and German public holidays
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