Academic Software
Annual accounts 2025
full format, filed on 25-03-2026, 53 days late€47.1m
▲ 11.9%
€1.1m
▲ 53.4%
€1.6m
▲ 49.8%
€1.3m
▲ 72.2%
21.8%
▲ 7.7 percentage points
0.91
▼ 0.16
Money flows
of every €100 of turnover, €1.68 remains as profit in 2025Balance sheet
balance sheet total €11.6m on 30-06-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
21.8%
Higher than 24% of 6,192 companies in 2025.
0.91
Higher than 11% of 6,112 companies in 2025.
6.8%
Higher than 68% of 6,176 companies in 2025.
Academic Software
Middle half of the sector
80% of the sector
Full accounts in wholesale trade (NACE 46)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
Staff
Men and women33% women
17.8 men and 8.9 women in full-time equivalents in 2025.
€90,263
Men €90,263, women €90,263 per full-time equivalent. Jobs differ, so this is not a pay gap.
-2 people
people who joined
people who left
In 2025, 6 people joined and 8 left. Training hours in 2025: 198. Agency workers: 0.6 on average.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
11.6m | 12.3m | 9.5m | 6.0m | 5.8m | 3.5m | 2.5m | 2.8m | 115,841 | |
21/28 |
3.9m | 3.2m | 1.1m | 779,118 | 1.1m | 544,544 | 514,083 | 405,000 | - | |
21 |
1.4m | 1.2m | 814,651 | 519,070 | 573,781 | 445,039 | 429,583 | 405,000 | - | |
22/27 |
30,718 | 51,075 | 93,768 | 122,111 | 95,333 | - | - | - | - | |
23 |
6,811 | 1,520 | 9,415 | 15,101 | 5,436 | - | - | - | - | |
24 |
7,567 | 9,839 | 14,486 | 20,132 | 7,386 | - | - | - | - | |
26 |
9,565 | 39,716 | 69,867 | 86,878 | 82,511 | - | - | - | - | |
27 |
6,775 | - | - | - | - | - | - | - | - | |
28 |
2.5m | 1.9m | 223,268 | 137,937 | 399,505 | 99,505 | 84,500 | - | - | |
280/1 |
2.0m | 1.6m | - | - | - | - | - | - | - | |
280 |
2.0m | 1.6m | - | - | - | - | - | - | - | |
284/8 |
504,018 | 296,423 | - | - | - | - | - | - | - | |
285/8 |
504,018 | 296,423 | - | - | - | - | - | - | - | |
29/58 |
7.6m | 9.1m | 8.4m | 5.2m | 4.8m | 2.9m | 2.0m | 2.4m | 115,841 | |
29 |
2.1m | 2.1m | 2.0m | 1.7m | - | - | - | - | - | |
291 |
2.1m | 2.1m | 2.0m | 1.7m | - | - | - | - | - | |
3 |
230,838 | 339,857 | 244,666 | 289,794 | 643,276 | 510,916 | 329,065 | 205,909 | - | |
30/36 |
230,838 | 339,857 | 244,666 | 289,794 | 643,276 | 510,916 | 329,065 | 205,909 | - | |
34 |
230,838 | 339,857 | - | - | - | - | - | - | - | |
40/41 |
4.9m | 5.5m | 5.9m | 2.8m | 3.9m | 1.6m | 1.2m | 1.7m | 110,195 | |
40 |
3.4m | 4.2m | 4.7m | 1.3m | 3.7m | 1.1m | 1.2m | 1.7m | 100,000 | |
41 |
1.4m | 1.3m | 1.2m | 1.5m | 182,910 | 496,091 | 24,268 | - | 10,195 | |
50/53 |
- | - | - | - | - | 848,331 | 507,174 | - | 5,646 | |
54/58 |
329,342 | 1.1m | 71,864 | 202,380 | 204,664 | - | - | 537,635 | - | |
490/1 |
146,131 | 70,158 | 102,195 | 181,190 | 75,924 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
11.6m | 12.3m | 9.5m | 6.0m | 5.8m | 3.5m | 2.5m | 2.8m | 115,841 | |
10/15 |
2.5m | 1.7m | 1.4m | 1.3m | 1.9m | 1.0m | 476,855 | 139,141 | 14,576 | |
10/11 |
1.7m | 1.7m | 1.7m | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
5,479 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 0 | 1,860 | - | - | - | - | |
130 |
- | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 0 | - | - | - | - | - | |
133 |
5,479 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
14 |
840,033 | 50,342 | -330,951 | 1.3m | 1.9m | 992,918 | 468,795 | 131,081 | 6,516 | |
17/49 |
9.0m | 10.6m | 8.2m | 4.7m | 3.9m | 2.5m | 2.1m | 2.7m | 101,264 | |
17 |
429,500 | 1.6m | 649,690 | 681,526 | 100,000 | 200,000 | 300,000 | 400,000 | - | |
170/4 |
429,500 | 1.6m | 649,690 | 681,526 | 100,000 | 200,000 | 300,000 | 400,000 | - | |
173 |
429,500 | 647,500 | - | - | - | - | - | - | - | |
174 |
- | 950,000 | - | - | - | - | - | - | - | |
42/48 |
8.4m | 8.5m | 7.4m | 3.9m | 3.8m | 2.3m | 1.8m | 2.3m | 101,264 | |
42 |
218,000 | 240,516 | 0 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | - | |
43 |
4.9m | 4.7m | 2.8m | 2.2m | - | - | - | - | - | |
430/8 |
4.9m | 4.7m | 2.8m | 2.2m | - | - | - | - | - | |
44 |
2.5m | 2.9m | 3.8m | 1.1m | 2.3m | 1.9m | 1.5m | 1.9m | 101,264 | |
440/4 |
2.5m | 2.9m | 3.8m | 1.1m | 2.3m | 1.9m | 1.5m | 1.9m | 101,264 | |
45 |
430,393 | 614,331 | 374,911 | 525,371 | 557,391 | 292,908 | 97,508 | 216,521 | - | |
450/3 |
14,705 | 1,143 | 0 | 63,625 | 313,453 | 110,450 | - | 196,649 | - | |
454/9 |
415,688 | 613,188 | 374,911 | 461,746 | 243,938 | 182,458 | 97,508 | 19,872 | - | |
47/48 |
349,000 | 111,507 | 464,996 | 7,537 | 894,395 | - | 100,000 | - | - | |
492/3 |
221,947 | 439,826 | 80,302 | 81,610 | - | - | - | 2,700 | - | |
| Income statement | ||||||||||
70/76A |
48.4m | 43.2m | - | - | - | - | - | - | - | |
70 |
47.1m | 42.1m | - | - | - | - | - | - | 735,165 | |
72 |
598,971 | 668,100 | - | - | - | - | - | - | - | |
74 |
747,806 | 431,534 | - | - | - | - | - | - | - | |
9900 |
- | - | 2.1m | 2.1m | 2.8m | 1.7m | 1.2m | 660,792 | 8,505 | |
60/66A |
47.3m | 42.5m | - | - | - | - | - | - | - | |
60/61 |
- | - | - | - | - | - | - | - | 726,660 | |
60 |
36.2m | 32.1m | - | - | - | - | - | - | - | |
600/8 |
36.1m | 32.2m | - | - | - | - | - | - | - | |
609 |
109,019 | -95,191 | - | - | - | - | - | - | - | |
61 |
7.8m | 6.8m | - | - | - | - | - | - | - | |
62 |
2.4m | 3.0m | 3.2m | 4.1m | 1.6m | 980,131 | 602,860 | 343,815 | - | |
630 |
493,822 | 347,299 | 275,597 | 355,240 | 208,660 | 148,271 | 126,417 | 101,250 | - | |
631/4 |
307,175 | 280,867 | -10,300 | 21,250 | - | - | - | - | - | |
640/8 |
118,235 | 16,999 | 13,462 | 11,046 | 2,765 | 570 | 1,268 | 103 | 103 | |
66A |
- | - | - | - | - | - | 1,556 | - | - | |
9901 |
1.1m | 739,964 | -1.5m | -2.4m | 971,165 | 569,608 | 513,528 | 215,624 | 8,402 | |
75/76B |
114,139 | 41,787 | 38,621 | 1.9m | - | - | - | - | 0 | |
75 |
114,139 | 41,787 | 38,621 | 1.9m | - | - | - | - | 0 | |
750 |
106,814 | - | - | - | - | - | - | - | - | |
751 |
- | 39,773 | - | - | - | - | - | - | - | |
752/9 |
7,325 | 2,014 | - | - | - | - | - | - | - | |
65/66B |
459,735 | 376,448 | 205,218 | 106,897 | 45,347 | 45,485 | 38,590 | 14,620 | 26 | |
65 |
459,735 | 376,448 | 205,218 | 106,897 | 45,347 | 45,485 | 38,590 | 14,620 | 26 | |
650 |
287,271 | 243,839 | - | - | - | - | - | - | - | |
652/9 |
172,464 | 132,609 | - | - | - | - | - | - | - | |
9903 |
789,691 | 405,303 | -1.6m | -590,583 | 925,818 | 524,123 | 474,938 | 201,004 | 8,376 | |
67/77 |
- | 7,351 | 10,267 | 18,838 | - | - | 37,224 | 76,439 | - | |
670/3 |
- | 7,351 | - | - | - | - | - | - | - | |
9904 |
789,691 | 397,952 | -1.6m | -609,421 | 925,818 | 524,123 | 437,714 | 124,565 | 8,376 | |
9905 |
789,691 | 397,952 | -1.6m | -609,421 | 925,818 | 524,123 | 437,714 | 124,565 | 8,376 | |
| Appropriation of the result | ||||||||||
9906 |
840,033 | 50,342 | -330,951 | 1.3m | 1.9m | 992,918 | 568,795 | 131,081 | 8,376 | |
14P |
50,342 | -347,610 | 1.3m | 1.9m | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | |
694/7 |
- | - | - | - | - | - | 100,000 | - | - | |
694 |
- | - | - | - | - | - | 100,000 | - | - | |
| Social balance sheet | ||||||||||
9087 |
26.7 | 27 | 30.3 | 35.9 | 23.4 | 17.5 | 11.2 | 4.8 | - | |
Men (FTE)1003 |
17.8 | 18.1 | - | - | - | - | - | - | - | |
Women (FTE)1003 |
8.9 | 8.9 | - | - | - | - | - | - | - | |
Agency workers1501 |
0.6 | - | - | - | - | - | - | - | - | |
Hours worked1013 |
43,571 | 44,808 | 52,848 | 94,503 | 40,283 | 30,037 | 19,161 | 6,635 | - | |
| Document | ||||||||||
The notes to these accounts have 66 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 25-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 53 days after the deadline. Filed on 25 March 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00063101.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 25-03-2026 | 2026-00063101 | |
| 30-06-2024 | full format | 31-01-2025 | 2025-00018160 | |
| 30-06-2023 | abbreviated format | 22-12-2023 | 2023-00537236 | |
| 30-06-2022 | abbreviated format | 04-10-2022 | 2022-20452642 | |
| 31-12-2020 | abbreviated format | 10-05-2021 | 2021-13700300 | |
| 31-12-2019 | abbreviated format | 09-06-2020 | 2020-16000330 | |
| 31-12-2018 | abbreviated format | 14-06-2019 | 2019-18800137 | |
| 31-12-2017 | abbreviated format | 25-06-2018 | 2018-23100092 | |
| 30-06-2016 | abbreviated format | 02-02-2017 | 2017-03900587 |
Subsidies and aid
Flemish government 2023 to 2025, 2 entries, €189,850 awarded, €77,880 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €185,970 | €74,000 |
| 2023 | 1 | €3,880 | €3,880 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.6m | 1.1m | -1.2m | -2.0m | 1.2m | 717,879 | 639,945 | 316,874 | - | ||
| 1.3m | 745,251 | -1.4m | -254,181 | 1.1m | 672,394 | 564,131 | 225,815 | - | ||
| 1.0m | 2.3m | 628,165 | 463,257 | 732,735 | 178,732 | 235,500 | 506,250 | - | ||
| -782,706 | 1.0m | -130,516 | - | - | - | - | - | - | ||
| -755,846 | 590,693 | 949,980 | 1.3m | 958,177 | 656,434 | 262,772 | 136,841 | 14,576 | ||
| 2.4% | 1.8% | - | - | - | - | - | - | 1.1% | ||
| 21.8% | 14.1% | 14.2% | 22.0% | 33.0% | 28.8% | 18.9% | 5.0% | 12.6% | ||
| 0.91 | 1.07 | 1.13 | 1.33 | 1.25 | 1.29 | 1.15 | 1.06 | 1.14 | ||
| 0.88 | 1.03 | 1.09 | 1.26 | 1.08 | 1.06 | 0.96 | 0.97 | 1.14 | ||
| 3.58 | 6.10 | 6.03 | 3.55 | 2.03 | 2.47 | 4.30 | 19.18 | 6.95 | ||
| 31.3% | 23.0% | -121.4% | -46.3% | 48.0% | 52.4% | 91.8% | 89.5% | 57.5% | ||
| 6.8% | 3.2% | -17.3% | -10.2% | 15.8% | 15.1% | 17.3% | 4.4% | 7.2% | ||
| 5.67 | 4.46 | -5.79 | -18.87 | - | - | - | - | - | ||
| 27 days | 37 days | - | - | - | - | - | - | 50 days | ||
| 21 days | 27 days | - | - | - | - | - | - | 51 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 27 | 29 | 26 | 40 |
| full-time | 21 | 25 | 23 | 38 |
| part-time | 6 | 4 | 3 | 2 |
| in full-time equivalents | 26 | 27.6 | 24.8 | 38.9 |
| 26.7 | 27 | 30.3 | 35.9 | |
| On a permanent contract | 27 | 29 | 26 | 40 |
| Joined | 6 | 9 | 3 | 41 |
| Left | 8 | 6 | 17 | 27 |
| Agency workers, average number | 0.6 | - | - | - |
| Training hours | 198 | - | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €5.1m | - | €3.2m | €2.2m |
| €10.1m | €10.1m | €1.1m | €1.1m | |
| Pledge on other assets, amount secured | €5.1m | - | €4.9m | €4.9m |
| Carrying value of the other pledged assets | - | - | €4.9m | €2.0m |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €18,033 | - | €16,142 | €76,231 |
| Intangible fixed assets | €682,166 | €668,099 | €526,693 | €251,089 |
| Financial fixed assets | €340,000 | €1.6m | €85,330 | €135,937 |
| €493,822 | €347,299 | €275,597 | €355,240 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Auditor
fees| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Fee for the audit | €19,570 | €19,000 | - | - |
Source: notes to the 2022 to 2025 annual accounts (relations with the auditor)
Public contracts
26 awards · 2019 to 2026
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Insights on Academic Software
The operating result for 2025 is 53% higher than in 2024 and the highest since 2016. It is the third rise in a row.
Debt's share of the balance-sheet total falls from 85.9% to 78.2%. Equity is higher and debt is lower.
Large changes and their cause
- 2023 Net result -169% on 2022. The previous financial year ran 18 months, this one 12.