Apryse Software
ActiveFinancials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 29-09-2026 at the NBB all 13 filings
Turnover
€11.7m
EBIT margin
-12.6%
Net result
-€1.2m
2023 · €1.1m
Working capital
€8.3m▼ 3.6%
2023 · €8.6m
Multi-year overview
2018 to 2024, 7 financial yearsTurnover
€11.7m
2024
20182024
Operating result
-€1.5m
2024
20182024
Net result
-€1.2m
2024
lowest quarter of the sector
20182024
EBIT margin
-12.6%
2024
20182024
Equity
€1.2m
▼ 49.3%
2024
middle half of the sector
20182024
Total assets
€11.2m
▲ 23.2%
2024
highest quarter of the sector
20182024
Debt
€10.0m
▲ 49.6%
2024
20182024
Working capital
€8.3m
▼ 3.6%
2024
highest quarter of the sector
20182024
Solvency
11.0%
▼ 15.7pp
2024
lowest quarter of the sector
20182024
Current ratio
3.86
▼ 15.31
2024
highest quarter of the sector
20182024
Return on assets (ROA)
-10.7%
▼ 22.6pp
2024
lowest quarter of the sector
20182024
Staff (FTE)
15.6
▲ 23.8%
2024
middle half of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€11.7m
Operating result-€0.06m-€0.2m€0.2m▲ 22.4%€0.1m▼ 54.0%€1.0m▲ 734%€1.5m▲ 56.8%-€1.5m
Net result-€0.06m-€0.1m€0.1mabove the sector's middle half▲ 14.7%€0.08mwithin the sector's middle half▼ 46.2%€0.7mabove the sector's middle half▲ 836%€1.1mabove the sector's middle half▲ 47.2%-€1.2mbelow the sector's middle half
EBIT margin-12.6%
Equity€0.3m-€0.4m▲ 48.7%€0.5mabove the sector's middle half▲ 37.6%€0.6mabove the sector's middle half▲ 14.7%€1.4mabove the sector's middle half▲ 120%€2.4mabove the sector's middle half▲ 80.3%€1.2mwithin the sector's middle half▼ 49.3%
Total assets€2.6m-€4.1m▲ 58.5%€3.7mabove the sector's middle half▼ 9.1%€7.2mabove the sector's middle half▲ 94.3%€10.2mabove the sector's middle half▲ 41.2%€9.1mabove the sector's middle half▼ 10.9%€11.2mabove the sector's middle half▲ 23.2%
Debt€2.3m-€3.7m▲ 59.6%€3.2m▼ 14.0%€6.6m▲ 108%€8.9m▲ 33.9%€6.7m▼ 24.7%€10.0m▲ 49.6%
Working capital€1.2m-€2.2m▲ 85.6%€2.6mabove the sector's middle half▲ 15.7%€5.3mabove the sector's middle half▲ 105%€9.1mabove the sector's middle half▲ 73.7%€8.6mabove the sector's middle half▼ 5.6%€8.3mabove the sector's middle half▼ 3.6%
Solvency10.1%-9.5%▼ 0.6pp14.4%below the sector's middle half▲ 4.9pp8.5%below the sector's middle half▼ 5.9pp13.2%below the sector's middle half▲ 4.7pp26.7%within the sector's middle half▲ 13.5pp11.0%below the sector's middle half▼ 15.7pp
Current ratio1.89-2.20▲ 0.323.24within the sector's middle half▲ 1.043.69above the sector's middle half▲ 0.459.55above the sector's middle half▲ 5.8619.18above the sector's middle half▲ 9.633.86above the sector's middle half▼ 15.31
Return on assets (ROA)-2.2%-3.1%▲ 5.3pp3.9%within the sector's middle half▲ 0.8pp1.1%within the sector's middle half▼ 2.8pp7.2%within the sector's middle half▲ 6.1pp11.9%within the sector's middle half▲ 4.7pp-10.7%below the sector's middle half▼ 22.6pp
Staff (FTE)18.6-17.2▼ 7.5%17.3above the sector's middle half▲ 0.6%11.4within the sector's middle half▼ 34.1%11.3within the sector's middle half▼ 0.9%12.6above the sector's middle half▲ 11.5%15.6within the sector's middle half▲ 23.8%
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a loss of €1.5m, after a profit of €1.5m in 2023. It is the lowest result since 2020.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11.2m
Fixed assets
€736 ▼ 91.3%
Current assets
€11.2m ▲ 23.3%
Equity and liabilities €11.2m
Equity
€1.2m ▼ 49.3%
Debt
€10.0m ▲ 49.6%
Debt's share of the balance-sheet total rises from 73.3% to 89.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1.5m▼
2023 · €1.5m
Cash flow
-€1.2m▼
2023 · €1.1m
Debt to equity
8.10▲
2023 · 2.74
ROE
-97.4%▼
2023 · 44.5%
Interest coverage
-202.36▼
2023 · 25.62
Debt ≤ 1 year
€2.9m▲
2023 · €474,673
Income taxes
€74,627▼
2023 · €408,937
Customer credit
118 days
Staff costs
€2.1m▲
2023 · €1.4m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 12 | 12 | 14 | 16 |
| full-time | 10 | 12 | 13 | 16 |
| part-time | 2 | 0 | 1 | 0 |
| in full-time equivalents | 11.5 | 12 | 13.8 | 16 |
| Average over the year, in full-time equivalents | 11.4 | 11.3 | 12.6 | 15.6 |
| On a permanent contract | 12 | 12 | 14 | 16 |
| Joined | 4 | 3 | 8 | 6 |
| Left | 9 | 3 | 6 | 4 |
| Training hours | 5 | 12 | - | - |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €21,310 | €2,890 | - | - |
| Depreciation and write-downs of the year | €11,469 | €9,702 | €8,648 | €7,681 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fee for the audit | - | - | - | €45,000 |
Source: notes to the 2021 to 2024 annual accounts (relations with the auditor)
Public contracts
2 awards · 2025 to 2026
Apryse Itext
iText 2025
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.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | - | - | €11.7m | - |
| Turnover70 | - | - | - | - | - | - | €11.7m | - |
| Other operating income74 | - | - | - | - | - | - | €0.005m | - |
| Operating charges60/66A | - | - | - | - | - | - | €13.2m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | - | €0 | - |
| Purchases600/8 | - | - | - | - | - | - | €0 | - |
| Services and other goods61 | - | - | - | - | - | - | €11.0m | - |
| Remuneration, social security and pensions62 | - | - | - | €1.3m | €1.6m | €1.4m | €2.1m | ▲ 50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.02m | €0.02m | €0.01m | €0.01m | €0.009m | €0.008m | ▼ 11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.02m | €0.06m | -€0.05m | €0 | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.006m | €0.004m | €0.005m | ▲ 16.7% |
| Gross operating margin9900 | €1.8m | €1.9m | €2.0m | €1.4m | €2.6m | €2.9m | - | - |
| Operating profit (loss)9901 | -€0.06m | €0.2m | €0.2m | €0.1m | €1.0m | €1.5m | -€1.5m | - |
| Financial income75/76B | - | - | - | €0.04m | €0.06m | €0.06m | €0.4m | ▲ 522% |
| Recurring financial income75 | €0.02m | €0.02m | €0.03m | €0.04m | €0.06m | €0.06m | €0.4m | ▲ 522% |
| Income from financial fixed assets750 | - | - | - | - | - | - | €0 | - |
| Income from current assets751 | - | - | - | - | - | - | €0.1m | - |
| Other financial income752/9 | - | - | - | - | - | - | €0.3m | - |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.06m | €0.02m | ▼ 67.7% |
| Recurring financial charges65 | €0.01m | €0.02m | €0.06m | €0.02m | €0.02m | €0.06m | €0.02m | ▼ 67.7% |
| Debt charges650 | - | - | - | - | - | - | €0.007m | - |
| Other financial charges652/9 | - | - | - | - | - | - | €0.01m | - |
| Profit (loss) for the period before taxes9903 | -€0.06m | €0.2m | €0.2m | €0.1m | €1.0m | €1.5m | -€1.1m | - |
| Income taxes67/77 | €0.001m | €0.07m | €0.08m | €0.05m | €0.2m | €0.4m | €0.07m | ▼ 81.8% |
| Taxes670/3 | - | - | - | - | - | - | €0.07m | - |
| Profit (loss) for the period9904 | -€0.06m | €0.1m | €0.1m | €0.08m | €0.7m | €1.1m | -€1.2m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.06m | €0.1m | €0.1m | €0.08m | €0.7m | €1.1m | -€1.2m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.6m | €4.1m | €3.7m | €7.2m | €10.2m | €9.1m | €11.2m | ▲ 23.2% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.04m | €0.03m | €0.01m | €0.02m | €0.02m | €0.008m | €0.001m | ▼ 91.3% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.04m | €0.03m | €0.01m | €0.02m | €0.02m | €0.008m | €0.001m | ▼ 91.3% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.02m | €0.008m | €0.001m | ▼ 93.5% |
| Furniture and vehicles24 | - | - | - | €0.003m | €0.001m | €0.001m | €223 | ▼ 57.5% |
| Financial fixed assets28 | €0.005m | €0.005m | €0 | - | - | - | - | - |
| Current assets29/58 | €2.5m | €4.1m | €3.7m | €7.2m | €10.2m | €9.1m | €11.2m | ▲ 23.3% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €1.0m | €2.2m | €1.2m | €2.9m | €3.2m | €8.5m | €9.3m | ▲ 8.8% |
| Trade receivables40 | - | - | - | €2.8m | €3.1m | €2.6m | €3.8m | ▲ 45.7% |
| Other amounts receivable41 | - | - | - | €0.09m | €0.2m | €6.0m | €5.5m | ▼ 7.2% |
| Current investments50/53 | €0.3m | €0.3m | €0.3m | €0.3m | €0.1m | €0.1m | €0.1m | = |
| Other investments51/53 | - | - | - | - | - | - | €0.1m | - |
| Cash at bank and in hand54/58 | €0.6m | €0.3m | €0.7m | €1.1m | €3.9m | €0.4m | €1.8m | ▲ 320% |
| Deferred charges and accrued income490/1 | - | - | - | €2.9m | €2.9m | €0.004m | €0.001m | ▼ 69.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.6m | €4.1m | €3.7m | €7.2m | €10.2m | €9.1m | €11.2m | ▲ 23.2% |
| Equity10/15 | €0.3m | €0.4m | €0.5m | €0.6m | €1.4m | €2.4m | €1.2m | ▼ 49.3% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | -€0.09m | €0.04m | €0.2m | €0.3m | €1.0m | €2.1m | €0.9m | ▼ 57.7% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €2.3m | €3.7m | €3.2m | €6.6m | €8.9m | €6.7m | €10.0m | ▲ 49.6% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.3m | €1.8m | €1.1m | €2.0m | €1.1m | €0.5m | €2.9m | ▲ 512% |
| Trade debts44 | €1.0m | €1.3m | €0.7m | €1.5m | €0.08m | €0.03m | €0.08m | ▲ 183% |
| Suppliers440/4 | - | - | - | €1.5m | €0.08m | €0.03m | €0.08m | ▲ 183% |
| Advances received on contracts in progress46 | - | - | - | €0.009m | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.4m | €0.4m | €0.2m | €0.5m | ▲ 116% |
| Taxes450/3 | - | - | - | €0 | €0.002m | €0 | €0.2m | - |
| Remuneration and social security454/9 | - | - | - | €0.4m | €0.4m | €0.2m | €0.3m | ▲ 43.1% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.6m | €0.2m | €2.4m | ▲ 899% |
| Accrued charges and deferred income492/3 | - | - | - | €4.7m | €7.8m | €6.2m | €7.1m | ▲ 14.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.06m | €0.1m | €0.1m | €0.08m | €0.7m | €1.1m | -€1.2m | - |
| + Depreciation and write-downs630 | €0.01m | €0.02m | €0.02m | €0.01m | €0.01m | €0.009m | €0.008m | ▼ 11.2% |
| Operating cash flow (approximation) | -€0.05m | €0.1m | €0.2m | €0.09m | €0.7m | €1.1m | -€1.2m | - |
| Investment in fixed assets (approximation) | - | -€0.01m | €0.002m | -€0.02m | -€0.003m | €0 | €0 | - |
| Change in cash | - | -€0.3m | €0.4m | €0.4m | €2.9m | -€3.5m | €1.4m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 180 companies had the same profile as Apryse Software has now. Two years later, 91.1% were still going and 5.6% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
91.1%
was still going
2.8%
stopped otherwise
5.6%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Apryse Software itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 180 companies, not a prediction for Apryse 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.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 29-09-2026 | 2026-00529378 | |
| 31-12-2023 | abbreviated format | 18-12-2025 | 2025-00584168 | |
| 31-12-2022 | abbreviated format | 12-10-2023 | 2023-00484769 | |
| 31-12-2021 | abbreviated format | 25-08-2022 | 2022-20321581 | |
| 31-12-2020 | abbreviated format | 22-07-2021 | 2021-38500006 | |
| 31-12-2019 | abbreviated format | 29-07-2020 | 2020-35900544 | |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-42600360 | |
| 31-12-2017 | abbreviated format | 02-07-2018 | 2018-26600297 | |
| 31-12-2016 | abbreviated format | 27-07-2017 | 2017-36700379 | |
| 31-12-2015 | full format | 04-05-2016 | 2016-11400163 |