KPMG Belgium Market Research Report

Background

Overview

KPMG Belgium is a member firm of KPMG International, a global network of professional services firms. Operating across eight offices in Belgium, the firm employs over 2,000 professionals. KPMG Belgium offers a comprehensive suite of services, including audit, tax, legal, and advisory, catering to a diverse clientele ranging from multinational corporations to public sector entities.

Mission and Vision

KPMG Belgium is committed to delivering quality and service excellence, aiming to be the most relevant professional services organization in the country. The firm strives to provide the highest added value for clients and society while creating an optimal working environment for its people, thereby achieving sustainable growth.

Industry Significance

As part of the global KPMG network, KPMG Belgium plays a pivotal role in the professional services sector, contributing to the firm's overall revenue and maintaining a strong presence in the Belgian market. The firm's growth and strategic initiatives underscore its significance in the industry.

Key Strategic Focus

Core Objectives

KPMG Belgium focuses on delivering high-quality services across its audit, tax, legal, and advisory functions. The firm emphasizes sustainable growth, innovation, and a people-centric approach to meet the evolving needs of its clients.

Areas of Specialization

Audit: Providing independent assessments of financial statements to ensure accuracy and compliance.

Tax and Legal Services: Offering comprehensive tax advisory and legal services to navigate complex regulatory environments.

Advisory: Delivering strategic guidance in areas such as digital transformation, risk management, and operational efficiency.

Key Technologies Utilized

KPMG Belgium integrates advanced technologies, including artificial intelligence (AI) and data analytics, to enhance service delivery and provide innovative solutions to clients. The firm has been recognized for its efforts in transforming business value through citizen development and generative AI solutions.

Primary Markets Targeted

The firm serves a broad spectrum of industries, including financial services, manufacturing, public sector, and technology, catering to both large enterprises and mid-market companies.

Financials and Funding

Funding History

As a member firm of KPMG International, KPMG Belgium operates within the global network's financial structure. The firm has demonstrated consistent growth, with a 14% increase in turnover for the financial year 2022 and a 12.7% increase in 2023, reaching a total turnover of 287 million euros.

Recent Funding Rounds

Specific details regarding recent funding rounds for KPMG Belgium are not publicly disclosed, as the firm operates as part of the larger KPMG International network.

Notable Investors

As a member firm of KPMG International, KPMG Belgium is part of a global network of member firms, each operating as an independent legal entity. The network's structure does not involve external investors in the traditional sense.

Utilization of Capital

KPMG Belgium utilizes its capital to invest in talent acquisition, technological advancements, and expanding its service offerings to meet client needs effectively. The firm has made significant investments in people, ESG initiatives, and innovation, contributing to its growth and market position.

Pipeline Development

Key Pipeline Candidates

KPMG Belgium's pipeline includes a range of advisory projects focusing on digital transformation, risk management, and operational efficiency. The firm is also involved in initiatives related to environmental, social, and governance (ESG) reporting, aligning with global sustainability trends.

Stages of Development

The firm's advisory projects are in various stages, from initial planning to implementation, depending on client requirements and market dynamics.

Target Conditions

KPMG Belgium targets conditions that require strategic guidance, technological integration, and compliance with regulatory standards, particularly in the realms of digital transformation and ESG reporting.

Anticipated Milestones

The firm anticipates milestones related to the successful implementation of digital solutions, achievement of ESG reporting standards, and the expansion of its client base in key industries.

Technological Platform and Innovation

Proprietary Technologies

KPMG Belgium leverages proprietary technologies, including AI-driven tools and data analytics platforms, to enhance service delivery and provide innovative solutions to clients. The firm has been recognized for its efforts in transforming business value through citizen development and generative AI solutions.

Significant Scientific Methods

The firm employs advanced data analytics, machine learning algorithms, and AI methodologies to deliver insights and solutions across various service lines.

AI-Driven Capabilities

KPMG Belgium's AI-driven capabilities include predictive analytics, process automation, and AI-powered decision-making tools, enabling clients to achieve operational efficiency and strategic growth.

Leadership Team

Key Executives

Harry Van Donink: Senior Partner and CEO of KPMG Belgium. Harry has been instrumental in leading the firm's growth and strategic direction, overseeing significant investments in people and innovation.

Patricia Leleu: Head of Quality and Risk Management, Partner in Audit. Patricia plays a crucial role in ensuring the firm's audit services meet the highest standards of quality and compliance.

Competitor Profile

Market Insights and Dynamics

The Belgian professional services market is characterized by intense competition, with the Big Four firms—Deloitte, EY, PwC, and KPMG—holding significant market shares. However, the landscape is evolving, with mid-tier firms like Moore Belgium gaining prominence. Moore Belgium's acquisition of DNA33 in July 2025 expanded its team to over 2,200 employees, surpassing KPMG Belgium in headcount and entering the Big Four league.

Competitor Analysis

Moore Belgium: After acquiring DNA33, Moore Belgium has strengthened its advisory capabilities, particularly in digitalization, AI, and sustainability, positioning itself as a formidable competitor in the Belgian market.

Deloitte Belgium: Deloitte continues to lead the market with a diverse service portfolio and a strong focus on digital transformation and innovation.

EY Belgium: EY maintains a significant presence, emphasizing its commitment to building a better working world through its services.

PwC Belgium: PwC offers a wide range of services, focusing on delivering quality in assurance, tax, and advisory.

Strategic Collaborations and Partnerships

KPMG Belgium has formed strategic alliances to enhance its service offerings, including a partnership with Belgian SaaS provider Odoo to bolster its digital capabilities.

Operational Insights

KPMG Belgium's operational strategy focuses on integrating traditional strengths in audit, tax, and legal services with cutting-edge technology advisory and transformation services. This approach aims to help clients navigate complex challenges, ensuring they remain secure, compliant, and innovative.

Strategic Opportunities and Future Directions

KPMG Belgium is well-positioned to leverage its expertise in digital transformation, AI, and ESG reporting to meet the evolving needs of the Belgian market. The firm continues to invest in talent acquisition, technological advancements, and strategic partnerships to drive growth and maintain its competitive edge.

Contact Information

Official Website

KPMG Belgium's official website provides comprehensive information about the firm's services, leadership, and contact details.

Social Media Profiles