Case Study: Jan De Nul Group achieves scalable, reliable financial consolidations with Prophix Software

Scalable consolidations for Jan De Nul Group

Jan De Nul Group, a Belgian family‑owned maritime infrastructure company founded in 1938 and headquartered in Luxembourg, manages around 170 entities. Its centralized consolidation—done twice a year by a small HQ team because most entities lack permanent accounting staff—was strained by rapid growth, multiple currencies, conversion complexities and increasing demand for more frequent, reliable consolidated accounts.

To scale and streamline the process Jan De Nul implemented Prophix Financial Consolidation (implemented in July, first consolidation by September). The solution automated consolidation across 170 entities, improved the reliability of consolidated accounts, reduced human error, saved significant time through automatic updates, and delivered guaranteed traceability and an enhanced audit trail while flexibly handling the group’s complex structure.

Jan De Nul Group

Marc De Raedt

Consolidation Manager