Result
€789,691 ▲ 98.4%
The result rose in 2025 from €397,952 to €789,691.
Academic Software
Overview
Lifetime
9 annual accounts with figures on one time axispeak €2.8m (2020)
-not published
lowest -€1.6m (2023)
€789,691▲ 98.4%
peak €2.5m (2025)
€2.5m▲ 45.8%
€9.0m▼ 14.4%
peak 35.9 FTE (2022)
26.7 FTE▼ 1.1%
Board4 names since 2022
2 directorsSITEX and 1 other
Owners3 names in the annual accounts
consolidatesACSW
Documentsfilings and deeds
25-03-202653 days late
2025financial year
Result from €397,952 to €789,691Power of attorney: AINEIAS BV 17-01Equity from €1.7m to €2.5mInvestments €1.2mCash from €1.1m to €329,342
Key points
from the 2025 annual accountsDebts
€9.0m 78% of the balance sheet
Financial debts 59%Suppliers 28%Taxes and wages 5%Other 9%
€5.1m of the debts are secured on the company's own assets. In 2022 that was €2.2m.
Securities
€5.1m
Pledge on other assets, new in 2025. 2.0 times equity · not in the 2024 accounts.
Staff
27 employees on 30-06-2025
In 2025, 6 people joined and 8 left. On top of that, 0.6 agency workers worked there on average.
Payment terms
21 days to suppliers
Academic Software pays its suppliers 6 days earlier than in 2024. Customers pay 10 days earlier.
Filings
9 annual accounts 2 late
The 2025 accounts came latest: 53 days after the end of the period.
Checked score
54
Fair
Financially stronger than 42% of small companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.8%
01-2025: 4.5%▲ +1.7 percentage points vs 12-2024highest value
02-2025: 0.7%▼ -3.8 percentage points vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025lowest value
09-2025: 0.7%● unchanged vs 08-2025lowest value
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.9%▲ +0.2 percentage points vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 1.0%▲ +0.1 percentage points vs 12-2025
02-2026: 1.4%▲ +0.4 percentage points vs 01-2026
03-2026: 2.0%▲ +0.6 percentage points vs 02-2026
04-2026: 1.6%▼ -0.4 percentage points vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.6%● unchanged vs 05-2026
07-2026: 1.6%● unchanged vs 06-2026
08-2026: 1.5%▼ -0.1 percentage points vs 07-2026
09-2026: 1.5%● unchanged vs 08-2026
10-2026: 1.8%▲ +0.3 percentage points vs 09-2026
11-2026: 1.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.91, cash €329,342, halved
1 change of registered office in 24 months
Last filed accounts filed 54 days late; 1 of the last 3 accounts late
Equity €2.5m (21.8% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 24% of them on solvency, 12% on liquidity, 46% on profitability and 86% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,609 companies had the same profile as Academic Software has now. Each dot stands for 7 companies, two years later.
96.8%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
The bankruptcy probability of Academic Software itself is higher: 1.8% within 12 months. It rests on far more data about Academic Software than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,609 companies, not a prediction for Academic Software. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.91 (1.07 in 2024), below 1. Short-term debt is 72.5% and cash 2.8% of total assets. 78.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 6192 sector peers (2025).
NBB · sector comparisonPosition among 6192 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-03-2026, 53 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
53 days late
2024
on the day
2023
40 days early
2022
119 days early
2020
82 days early
2019
52 days early
2018
47 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 41 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (4 of the last 5 accounts filed within 53 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Board and ownership
- ACSW 100%equity €15.3m (2025) · 30-06-2025 annual accounts of ACSW
- SIGNPOST NV 100%score 51equity €5.1m (2025) · annual accounts 2020
Shares in 2 companies, Asknet GmbH and Ilona IT OY
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0635738394
Registered office moved within Lokeren
New registered office: Bouwstraat 14 Y1, 9160 Lokeren · Previous registered office: Wolfsakker 5 bus A, 9160 Lokeren · Reappointment: PwC Bedrijfsrevisoren BV (statutory auditor) · Board meeting of 26-11-2024 · Gazette deed
1 director appointed
FinTech Advisors BV · Permanent representatives: Frederik Meheus and Arne Vandendriessche · General meeting of 25-09-2023 · Gazette deed
Capital contribution of €1,674,565.60
General meeting of 23-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Academic Software Lokeren | €47.1m | 2.4% | 21.8% | 26.7 |
| OneXillium Belgium Sint-Niklaas | €18.5m | 13.7% | 40.7% | 21.5 |
| WAGO BELUX Zaventem | €20.1m | 3.0% | 75.7% | 24.1 |
| VMware Belgium Mechelen | €11.4m | 9.5% | 34.3% | 25.8 |
| Huawei Technologies (Belgium) Watermael-Boitsfort | €45.8m | 1.2% | 27.4% | 49.1 |
| BREEX EUROPE Ghent | €9.6m | 17.1% | 32.9% | 42.7 |
| RYDOO Mechelen | €20.4m | -5.3% | 27.8% | 42.1 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Academic Software: wholesale of information and communication equipment (NACE 46500). They are comparable in size and age: total assets between €6.8m and €32m, founded between 2011 and 2017.
Official details
Source: KBO- Status
- Active since 24-08-2015Normal situation
- Activity
- Wholesale of information and communication equipmentNACE 46500
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 30-06-2025
- Establishment unit
- 2.263.957.8289160 Lokeren, since 01-09-2015
- Financial year end
- 30 June
- Peppol
- Reachable since 22-05-2025
Annual accounts to 30-06-2025
- €47.1m▲ 11.9%
- €789,691▲ 98.4%
- €2.5m▲ 45.8%
- €11.6m▼ 6.0%
- Employeeson 30-06-2025
- 27▼ 6.9%
- Filing
- Filed on 25-03-2026
Insights on Academic Software
Academic Software has existed since 2015. In 2017 the gross margin rose from €8,505 to €660,792.
Solvency rose in 2025 from 14.1% to 21.8% because of the retained profit and lower debts.
ACSW holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
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
VIVES Raamovereenkomst Software broker
QOZB26-4203 - Raamovereenkomst voor de levering van Adobe Creative Cloud licenties: QOZB26-4203 - 1
P. Haz -Licencias software: Licencias Adobe para la oferta formativa del proyecto Haz
P. Haz -Licencias software: Licencias Microsoft Office 365 para el proyecto Haz
Raamovereenkomst met meerdere deelnemers: Voor de levering van softwarelicenties voor studenten en het ter beschikking stellen van een online distributieplatform, een helpdesk en aanvullende online diensten: VHLORA-2024-ICT07-F01 - L2
Show 21 more contracts
Suministro de licencias del software Microsoft para la Universidad Politécnica de Cataluña y Grup UPC: Suministro de licencias del software Microsoft para la Universidad Politécnica de Cataluña y Grup UPC, Expediente DAC-LIC-2025-07
Raamovereenkomst met meerdere deelnemers: Voor de levering van softwarelicenties voor studenten en het ter beschikking stellen van een online distributieplatform, een helpdesk en aanvullende online diensten: VHLORA-2024-ICT07-F01 - L1
Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024: Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024 (Belgium-GoogleCloud)
Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024: Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024 (Denmark-GoogleCloud)
Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024: Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024 (Finland-GoogleCloud)
Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024: Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024 (Portugal-GoogleCloud)
Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024: Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024 (Iceland-GoogleCloud)
Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024: Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024 (Norway-GoogleCloud)
Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024: Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024 (Luxembourg-GoogleCloud)
Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024: Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024 (Sweden-GoogleCloud)
Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024: Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024 (Ireland-GoogleCloud)
Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024: Open Clouds for Research and Education (OCRE) - IaaS+ Cloud Tender 2024 (UnitedKingdom-GoogleCloud)
raamovereenkomst met meerdere deelnemers voor het leveren van licenties en het gebruik van een online distributiekanaal en bijbehorende diensten voor opleidingsgebonden software: AP/MPMO/2024-026 - 1
Raamovereenkomst voor internetconnecties, vaste en mobiele telefonie: DOKO-GB-2023-002 - 2
SPSS-Lizenzen
Software Applications Platforms, Support and Associated Services: Lot 1 AppsAnywhere Software Applications based Platform or equivalent
SPSS-Landeslizenzvertrag Hessen: SPSS Landeslizenzvertrag (Hessen) 2024 - LOS 1 (Campuslizenzen)
SPSS-Landeslizenzvertrag Hessen: SPSS Landeslizenzvertrag (Hessen) 2024 - LOS 2 (Volumenlizenzen)
Licences Adobe: "EDU" Licenties
Internetaansluitingen en bijhorende abonnementsformules voor scholen
Raamovereenkomst voor gebruik van een online distributiekanaal en bijhorende diensten voor opleidingsgebonden software
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
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.
Board & ownership
Board
2 directors, 1 auditor, last change in 2023SITEX BV
Director, permanent representative Arne Vandendriessche
since 02-03-2023
term without a fixed end
also on the board of 4 other companies
listed in the 2025 annual accounts, filed on 25-03-2026
Director, permanent representative Frederik Meheus
since 25-09-2023
term without a fixed end
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 25-03-2026
Statutory auditor, permanent representative Wouter Coppens
appointed by deed of 16-12-2024
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 18-10-2023
Permanent representatives 2
Mandates through the years
4 names, the dashed line is todayBoardEarliermandate already running before its first mention
Mandates as a list
- SITEX
- Director, from 02-03-2023 to date
- FinTech Advisors
- Director, since before 30-06-2023
- BV PwC Bedrijfsrevisoren
- Statutory auditor, since before 30-06-2024
- AVDD BV
- Director, from before 30-06-2022 to 02-03-2023
Control
100%
This company
Academic Software
Equity €2.5m
Profit €789,691 in 2025
Capital
- Contribution
- €1,680,766
- Shares
- 18,600
- Contribution per share
- €90.36
- Equity per share
- €136 in 2025
- Source
- 2025 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- ACSW
- Signpost
- AVDD
Source: shareholder structure in its own accounts, parent in its own accounts, lists of holdings in the owners' accounts
Articles of association
deed of 28-01-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Met of zonder beperking van duur,door algemene vergadering te bepalen;bij gebrek onbepaalde duur”“Meerderheid aanwezig of vertegenwoordigd, video-of teleconferentie”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Fourth Friday of October at 11:00
Shareholders
2 ownersOwners 2
- ACSWparentEquity €15.3m Profit of €37,119 in 2025 (profit of €14,828 in 2024)Sourceaccounts ACSW 30-06-2025100%
- SIGNPOST NVparentEquity €5.1m Profit of €228,580 in 2025 (profit of €5.7m in 2024) Checked score 51Sourceown accounts 2020100%
Capital transactions
Capital over time
- 17-07-2023 Capital stated in the deed · 18,600 shares
- 28-01-2022 Converted to unavailable equity
Network & group
Holdings
own accounts to 30-06-2025This companyAcademic Software2 holdings, 2 countries
accounts to 30-06-2025
Europe 2 Equity Result
- FI Ilona IT OY €445,288 result €272,958
- DE Asknet GmbH - result -
Source: list of holdings in its own 30-06-2025 accounts. The amounts are in that list and come from the holdings' accounts at 30-06-2025, in their own currency.
Parent
ACSW
0776.852.709 · 100% of the shares · equity €15.3m · profit €37,119 (2025)
Holdings and subsidiaries
2 holdingsHoldings 2
Share, source and own figures per holding (2)
Source for every holding own accounts 30-06-2025
- Asknet GmbHDEsubsidiary100%
- Ilona IT OYFIsubsidiaryEquity €445,288Result €272,958100%
Acquisitions and mergers
1 transactionReceived a branch of activity from:Fourcast for Education
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
→
→
NXTPeople
via FinTech Advisors · Director · deed of 29-10-2024
Founded in 1989 · 21 FTE (2025) · group Liv
→
NALANTIS
via FinTech Advisors · Director · deed of 11-02-2022
Founded in 2012 · total assets €5.3m (2025)
→
Timeline
Timeline
28 events since 2015Board
Capital
Filings
Financial
Establishments
Address
201620182020202220242026
Deadline for the 2026 accounts: 31-01-2027
2026
Annual accounts 2025 filed PDFfull format · 53 days late
2025
Equity above €2m equity €2.5m ▲45.8% After 2 profitable years in a row, equity reaches €2.5m.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0635738394
Annual accounts 2024 filed PDFfull format · on the deadline day
- Board meeting, 17-12-2024
- Power of attorney, AINEIAS BV
2024
Registered office moved within LokerenNew registered office: Bouwstraat 14 Y1, 9160 Lokeren · Previous registered office: Wolfsakker 5 bus A, 9160 Lokeren · Reappointment: PwC Bedrijfsrevisoren BV (statutory auditor) · Board meeting of 26-11-20245 points ▸
- General meeting, 22-11-2024
- Auditor reappointment, PwC Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Wouter Coppens
- Board meeting, 26-11-2024
- Registered-office move, Bouwstraat 14 Y1, 9160 Lokeren
Back to profit net €397,952 The net result is €397,952, after 2 loss-making years.
2023
Annual accounts 2023 filed PDFabbreviated format · 40 days before the deadline
1 director appointedFinTech Advisors BV · Permanent representatives: Frederik Meheus and Arne Vandendriessche · General meeting of 25-09-20236 points ▸
- General meeting, 25-09-2023
- Director appointment, FinTech Advisors BV
- Permanent representative, Frederik Meheus
- Board composition, SITEX NV (director)
- Board composition, FinTech Advisors BV (director)
- Permanent representative, Arne Vandendriessche
Capital contribution of €1,674,565.60General meeting of 23-06-20233 points ▸
- General meeting, 23-06-2023
- Capital contribution, €1,674,565.60
- 18,600 shares
- The deed holds 3 more points.
Weakest financial year net -€1.6m The net result drops to -€1.6m, the lowest from 2016 to 2025. It recovers the following year.
1 director appointed, 1 resignationResignation: AVDD BV · Appointment: SITEX NV · Permanent representative: Arne Vandendriessche · General meeting of 02-03-20235 points ▸
- Power of attorney, NIFREM BV, mentioned twice in the deed
- Permanent representative, Dirk Lens
- Power of attorney, AINEIAS, mentioned twice in the deed
- Power of attorney, KONSELLO
- Permanent representative, Frederic Boedt, mentioned twice in the deed
- Permanent representative, Gregory Boulahouache
- Board meeting, 22-12-2022
- Power of attorney, AINEIAS (proxy holder)
2022
Annual accounts 2022 filed PDFabbreviated format · 119 days before the deadline
Legal-form changeGeneral meeting of 15-12-20212 points ▸
- General meeting, 15-12-2021
- 18,600 shares
- The deed holds 8 more points.
2021
Annual accounts 2020 filed PDFabbreviated format · 82 days before the deadline
2020
Highest result from 2016 to 2025 net €925,818 ▲76.6% The net result of €925,818 is the highest of those years.
Annual accounts 2019 filed PDFabbreviated format · 52 days before the deadline
2019
Equity above €1m equity €1.0m ▲110% With a profit in every financial year since 2016, equity grows to €1.0m.
Annual accounts 2018 filed PDFabbreviated format · 47 days before the deadline
Registered office moved to LokerenNew registered office: Wolfsakker 5A, 9160 Lokeren · Board meeting of 03-01-20192 points ▸
- Board meeting, 03-01-2019
- Registered-office move, Wolfsakker 5A, 9160 Lokeren
- The deed holds 1 more point.
2018
Equity above €200,000 equity €476,855 ▲243% With a profit in every financial year since 2016, equity grows to €476,855.
Annual accounts 2017 filed PDFabbreviated format · 36 days before the deadline
2017
Equity above €100,000 equity €139,141 ▲855% With a profit in every financial year since 2016, equity grows to €139,141.
Annual accounts 2016 filed PDFabbreviated format · 2 days late
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0635.738.394
- VAT number
- BE 0635.738.394
- Peppol ID
- 0208:0635738394
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 24-08-2015
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Fourth Friday of October at 11:00deed of 28-01-2022 (in Dutch)
- Peppol
- Reachable since 22-05-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Academic Software in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 28-01-2022 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- Academic Softwaredeed of 28-01-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 28-01-2022 (in Dutch)
Activities
NACEBEL 2025VAT activities
46500
Wholesale of information and communication equipment main activity
Social security (RSZ) activities
46500
Wholesale of information and communication equipment main activity
Joint committees annual accounts 30-06-2025
JC 200
Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
46510
Wholesale trade main activity
Social security (RSZ) activities
46510
Wholesale trade main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het verlenen van advies over soorten computers (hardware) en hun configuratie en toepassing van bijhorende programmatuur (software)…”deed of 28-01-2022 (in Dutch)
8 activities
- Het verlenen van advies over soorten computers (hardware) en hun configuratie en toepassing van bijhorende programmatuur (software): analyseren van behoeften en problemen van de gebruiker en het aanbieden van de beste oplossing.
- Het stellen van om het even welke industriële, commerciële, financiële, burgerlijke roerende en onroerende verrichtingen, die rechtstreeks of onrechtstreeks in verband staan met de aankoop, verkoop, afstand, ruiling, beheer van alle roerende en onroerende waarden, aandelen, obligaties, overheidsfondsen en alle roerende en onroerende rechten en goederen die het patrimonium van de vennootschap vormen; de activiteiten van raadgever vermogensbeheer en beleggingsadvies zijn aan de vennootschap verboden voor zover de door de vigerende wetgeving vereiste machtiging daartoe ontbreken.
- Optreden als tussenpersoon in de handel en de agentuur.
- Het verstrekken van administratieve diensten, voor zover de wet het toelaat, dit alles in de breedste zin van de woorden en verlening van diensten aan ondernemingen in de meest ruime betekenis. Dit omvat onder meer financiële tussenkomsten, consultancy, studiewerk, evenals diverse andere opdrachten inzake handels-, financiële en organisatorische aangelegenheden. De vennootschap mag om het even welke gelijkaardige handelingen stellen die van aard zijn de verwezenlijking van haar voorwerp te vergemakkelijken of uit te breiden. De vennootschap mag rechtstreeks of onrechtstreeks belangen nemen door inbreng, afstand, fusie, inschrijving of aankoop van effecten, financiële tussenkomst of op welke andere wijze ook, in zaken, ondernemingen, verenigingen of vennootschappen die eenzelfde, gelijkaardig of samenhangend voorwerp nastreven of eenvoudig nuttig zouden zijn tot verwezenlijking van haar voorwerp.
- Zij mag namelijk alle roerende en onroerende goederen kopen, in huur nemen, verhuren, oprichten, verkopen of ruilen, alle vergunningen nemen, bekomen, aankopen en afstaan en in het algemeen alles verrichten dat rechtstreeks of onrechtstreeks bij het voorwerp aansluit of van aard is de verwezenlijking ervan te vergemakkelijken. Zij kan optreden als bestuurder of vereffenaar in andere vennootschappen; zij kan tevens borg stellen voor derden.
- Het verlenen van advies op het gebied van bedrijfsvoering en beheer.
- Het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan de bedrijfsleiding, enzovoort. Daartoe kan de vennootschap samenwerken met, deelnemen in op gelijk welke wijze, rechtstreeks of zijdelings, belangen nemen in ondernemingen van allerlei aard, alle verbintenissen aangaan, kredieten en leningen toestaan, zich voor derden borg stellen door haar goederen in hypotheek of in pand te geven, inclusief de eigen handelszaak.
- Kortom zij mag alles doen wat verband houdt met bovengenoemd voorwerp of wat van aard is de verwezenlijking ervan te bevorderen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Bouwstraat 14Y registered office 9160 Lokeren | 01-09-2015 | 2.263.957.828 |