Odoo vs Yuki vs Exact: which software for a Belgian SME in 2026?

Since 1 January 2026, every Belgian company has had to be connected to the Peppol network in order to issue and receive its B2B electronic invoices. That deadline did more than change a file format: in hundreds of Belgian SMEs it reopened a file nobody wanted to open — the accounting software file.

Three names come up systematically in those conversations: Odoo, Yuki and Exact Online. Each one is defended by convinced users, and each one is attacked with figures nobody can really trace. At doo.FINANCE, a Belgian accountancy firm and an Odoo Gold Partner, we see all three tools go past us every week — and above all we see directors comparing things that cannot be compared.

This article quotes only pricing published by the vendors themselves, taken from the source on 15 August 2026, and says explicitly when a figure does not allow a conclusion to be drawn. You will not find a universal winner here — rather, enough to decide for your SME.

How we compared — and what we will not compare

A software comparison is almost always written by someone who sells one of the three. That is our case: we implement Odoo. Better to set out the method before the figures, so that you can challenge it.

• All the prices quoted are public, taken from the vendor's own website on 15 August 2026, excluding VAT. They change — check them again before you sign.
• No unpublished price is quoted, and calculations are identified as such: an annual total reconstructed from a price list is a doo.FINANCE calculation, not a price displayed by the vendor.
• We do not compare Yuki on price. That is not a courtesy: the comparison reverses depending on the size of your team, and the section devoted to it explains why.

One last point, the most important of all: all three tools handle Belgian accounting correctly and none of them will put you in default with the SPF Finances (FOD Financiën), Belgium's tax administration. The choice is not decided on compliance — it is decided on cost per head and on scope.

Odoo: the price that serves as the benchmark for this comparison

Odoo publishes a single price list in euros, the same on all its euro-area pages — Belgian addresses are in fact directed to that common list. Taken from odoo.com on 15 August 2026:

• One App Free — €0: a single application, unlimited number of users, Odoo Online hosting.
• Standard — €19.90/user/month on an annual commitment (€24.90 without the first-year discount), all applications included.
• Custom — €29.90/user/month on an annual commitment (€37.40 without the discount), which adds Odoo Studio, multi-company, the external API and Odoo.sh or on-premise hosting.

What matters in that price list is not the amount, it is the billing unit: Odoo charges per user. Your bill grows when your team grows — not when your invoice volume grows, not when you switch on a module. Accounting, sales, inventory, purchasing, projects, HR, point of sale: the same user opens all of them for the same price.

That is also the limit of the model, and it has to be said: an SME of 30 people that opens access to everybody will pay for 30 licences, where a flat fee would not move. So the question is not "is Odoo cheaper?" but "how many people really need to get inside it?".

Exact Online: a €49 entry ticket, a real price well above it

Exact Online is probably the most widely installed of the three in structured Belgian SMEs, and it deserves that position: depth of financial reporting, native import of CODA and SODA files — the Belgian formats for bank statements and for payroll entries respectively — an ecosystem of connected applications, and accountant access included in every subscription. A director who leaves Exact loses something.

That said, Exact publishes its Belgian price list, and that list is expensive. Taken from exact.com (Belgian site, Boekhouden section) on 15 August 2026, excluding VAT:

• Essentials — €49/month: 1 user, not extendable, 1 set of accounts, 1 bank link, 25 sales invoices per month.
• Plus — €99/month: 2 users, 2 sets of accounts, 5 bank links, 100 sales invoices per month.
• Professional — €159/month: 2 users, 2 sets of accounts, unlimited bank links and sales invoices.
• Premium — from €299/month: 2 users, multi-company, assisted closing, integrated Power BI report.
• Additional user: €23/month on Plus and Professional, €49/month on Premium. Additional set of accounts: €20 to €38/month depending on the plan.

The figure that circulates about Exact is €49. But at €49 you are alone in front of the screen, with a ceiling of 25 sales invoices per month and no way of adding a colleague: the Essentials plan is not extendable. That is not an SME price, it is a self-employed person's price.

The calculation, on a Belgian SME with five users

Take a services SME that opens the tool to five people and invoices enough not to fit inside a monthly ceiling. The plan that matches is Professional.

• Exact Online Professional: €159 + 3 additional users × €23 = €228/month, that is €2,736/year excluding VAT.
• Odoo Standard: 5 × €19.90 = €99.50/month, that is €1,194/year excluding VAT, with every application open.

Gap: around €1,540 per year, for five people. That total is a doo.FINANCE calculation reconstructed from the two published price lists — neither Exact nor Odoo displays that amount. Redo it with your real number of users: the conclusion holds at every size, because the price of the plan and the price per head are both above Odoo's. At €23 per additional user, Exact charges more for access to the accounts than Odoo charges for access to all of its applications.

And if you are a group, each additional company is one more "set of accounts" billed by Exact, whereas multi-company is a feature of the Custom plan at Odoo.

Yuki: the question is not the price, it is the scope

You are expecting the same costed demonstration here. We will not make it, and that is deliberate.

Yuki does not charge per user: it charges on the volume of documents processed. Odoo charges per user, without looking at volume. Comparing the two amounts to comparing a flat-fee subscription with a pay-per-use one: depending on whether your SME has many people and few invoices, or few people and many invoices, the comparison reverses. An argument that changes its conclusion according to the parameter you choose to put forward is not an argument. We would rather not use it.

Let us say instead what Yuki does very well, because that is what explains its widespread adoption in Belgium: the automation of data entry is excellent, the link with the accountancy firm is the smoothest of the three, and the completeness monitoring — that list of points of attention which tells you what is still missing from the file — is a genuine steering tool. For an SME whose problem is "my accounting takes up too much of my time", Yuki is a good answer.

Where Yuki stops: it is not an ERP

Yuki is an accounting and finance platform. That is its strength and it is its boundary. Outside the finance scope there is nothing — and so something else is needed:

• Inventory and logistics: no management of items, locations, receipts or stock counts.
• Purchasing and production: no tracked purchase order, no bill of materials, no manufacturing order.
• Sales and CRM: an address book and invoicing, but no sales pipeline, no configured quotations and no operational opportunity tracking.
• Projects and services: no re-invoiceable timesheets natively linked to job profitability.
• Website, e-commerce, point of sale, HR: out of scope.

In practice, an SME that grows ends up with Yuki for the accounting, an inventory tool, a CRM, a spreadsheet for the projects, and connectors between the four. The accounting then receives data instead of producing it — and every discrepancy between two tools is settled by hand, at month end, by somebody you pay.

That is precisely Odoo's ground: a single database where the sales invoice is born of the delivery note, which is born of the order. That is not a price advantage, it is an advantage of nature. And it is of no use at all if your SME has neither inventory, nor production, nor billable projects.

Peppol and Belgian VAT: the foundation that is no longer a selection criterion

Many comparisons put Peppol at the top of their table. That is an out-of-date reflex: since 1 January 2026, all Belgian companies must be registered on the Peppol network for their B2B electronic invoices, and all three vendors meet that requirement. Peppol is a prerequisite, not a differentiator. A salesperson who sells you a tool on that argument alone is selling you a legal obligation.

What still separates the tools are the properly Belgian layers that sit on top of it: the periodic VAT return on Intervat — Belgium's VAT filing portal — and its XML format, the annual listing of VAT-registered customers (listing clients assujettis), the intra-Community sales listing (relevé intracommunautaire), the CODA import of bank statements and SODA import of payroll entries, the PCMN chart of accounts — the plan comptable minimum normalisé, Belgium's standard chart of accounts — and the treatment of partially deductible taxes: car expenses at 50%, restaurant expenses at 69%.

So the right question to ask in a demonstration is not "do you do Peppol?" but "show me the VAT return generated, exported to XML and filed on Intervat, using my own entries". To dig deeper: setting up VAT in Odoo and why Peppol costs some SMEs time.

Three profiles, three honest answers

Here is how we answer, in practice, a Belgian director who puts the question to us.

• Self-employed or micro-structure, one person in front of the screen. None of the three justifies itself by its power: the criteria are comfort and the link with your accountant. Do not pay for a scope you will never open.
• Services SME, 3 to 10 people, purely administrative and financial activity. If your pain is data entry, Yuki remains a very good choice and a migration is not justified by the functionality. It can be justified by cost per head if you are with Exact: redo the calculation above with your own figures before you renew.
• SME of 10 people and more with inventory, production, jobs on site or several companies. The gap becomes structural: you are not changing accounting software, you are stopping having four of them. That is a project, not a subscription.

And a fourth case, which you never read in a comparison: if your current tool does the job and your team knows it well, do not change. A badly prepared migration costs more than three years of difference in subscription.

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