Progress Software
ActiveProgress Software has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.06M and a net result of €170k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 2669 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
65
/ 100
Healthy▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▼-15
Solvency46▲+5
Growth48=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 3.18 against 2.0 in 2024), but 80.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.2%
Return on assets
3.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 08-05-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
42 d early
2023
19 d early
2022
46 d early
2021
9 d early
2020
55 d early
2019
47 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-11-2026 close30-06-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€7.71M▼ 2.3%
2024 · €7.89M
2018: €8.42M
2019: €8.60M
2020: €7.25M
2022: €7.44M
2023: €7.65M
2024: €7.89M
2018 → 2025
EBIT margin
2.1%▼ 2.1pp
2024 · 4.2%
2018: 1.4%
2019: 1.1%
2020: 3.5%
2022: 0.8%
2023: 4.3%
2024: 4.2%
2018 → 2025
Net result
€170k▼ 49.7%
2024 · €338k
2018: €72k
2019: €85k
2020: €186k
2022: €62k
2023: €285k
2024: €338k
2018 → 2025
Working capital
€3.79M▲ 3.1%
2024 · €3.67M
2018: €6.29M
2019: €6.25M
2020: €6.38M
2022: €6.44M
2023: €6.71M
2024: €3.67M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Turnover€7.25M-€7.44M▲ 2.6%€7.65M▲ 2.9%€7.89M▲ 3.1%€7.71M▼ 2.3%
Equity€3.26M-€3.47M▲ 6.5%€3.75M▲ 8.2%€890k▼ 76.3%€1.06M▲ 19.1%
Operating result€257k-€58k▼ 77.5%€332k▲ 476%€334k▲ 0.6%€165k▼ 50.5%
Net result€186k-€62k▼ 66.7%€285k▲ 359%€338k▲ 18.7%€170k▼ 49.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €5.53M
Equity
€1.06M▲ 19.1%
Debt
€4.47M▼ 31.0%
The debt ratio falls from 87.9% to 80.8%: equity grows while debt is paid down.
Key figures and ratios
Solvency
19.2%▲
2024 · 12.1%
Current ratio
3.18▲
2024 · 2.00
Quick ratio
3.18▲
2024 · 2.00
Debt / equity
4.21▼
2024 · 7.27
ROE
16.0%▼
2024 · 38.0%
ROA
3.1%▼
2024 · 4.6%
Debt
€4.47M▼
2024 · €6.47M
Debt ≤ 1 year
€1.74M▼
2024 · €3.69M
Income taxes
€52k▼
2024 · €123k
Staff costs
€631k▲
2024 · €611k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€7.36M€5.53M▼
Current assets29/58€7.36M€5.53M▼
Amounts receivable after more than one year29€1.76M-
Other amounts receivable291€1.76M-
Amounts receivable within one year40/41€2.85M€4.66M▲
Trade receivables40€1.51M€1.28M▼
Other amounts receivable41€1.34M€3.37M▲
Cash at bank and in hand54/58€2.68M€822k▼
Deferred charges and accrued income490/1€70k€48k▼
Equity and liabilities
Total equity and liabilities10/49€7.36M€5.53M▼
Equity10/15€890k€1.06M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€491k€829k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€198k€198k=
Distributable reserves133€287k€625k▲
Profit (loss) carried forward14€338k€170k▼
Amounts payable17/49€6.47M€4.47M▼
Amounts payable within one year42/48€3.69M€1.74M▼
Trade debts44€4k€1.19M▲
Suppliers440/4€4k€1.19M▲
Taxes, remuneration and social security45€333k€287k▼
Taxes450/3€177k€165k▼
Remuneration and social security454/9€156k€123k▼
Other amounts payable47/48€3.35M€260k▼
Accrued charges and deferred income492/3€2.78M€2.73M▼
Income statement
Code20242025
Turnover70€7.89M€7.71M▼
Goods, raw materials, services and sundry goods60/61€6.95M€6.91M▼
Remuneration, social security and pensions62€611k€631k▲
Gross operating margin9900€944k€796k▼
Operating profit (loss)9901€334k€165k▼
Financial income75/76B€128k€58k▼
Recurring financial income75€128k€58k▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€461k€222k▼
Income taxes67/77€123k€52k▼
Profit (loss) for the period9904€338k€170k▼
Profit (loss) for the period to be appropriated9905€338k€170k▼
Appropriation of the result
Profit (loss) to be appropriated9906€623k€508k▼
Profit (loss) brought forward from the previous period14P€285k€338k▲
Transfer from equity791/2€3.20M-
Transfer to equity691/2€285k€338k▲
To other reserves6921€285k€338k▲
Profit to be distributed694/7€3.20M-
Return on contributions (dividend)694€3.20M-
Social balance
Average headcount (FTE)90872.02.0=
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-11
Financial
Equity above €1MEq €1.06M ▲19.1%
7 profitable years in a row build equity to €1.06M.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-11
Financial
Highest result since 2018net €338k ▲18.7%
Operating result €334k, net result €338k, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-11
Financial
Weakest financial yearnet €62k ▼66.7%
Net result drops to €62k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 4 days late
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 directors, no change since 2025
Leendert Steendijk
CurrentManaging director · since 13-01-2025
Sofian Milad
CurrentCommissarisvertegenwoordiger · since 27-10-2021
Domenic Lo Coco
Not recently confirmedDirector · since 25-05-2020
Brian P. Flanagan
Not recently confirmedDirector · since 13-02-2019
De Meyer Jozef
Not recently confirmedSecretary · since 07-06-2007
Peter Jansen
Not recently confirmedChair · since 07-06-2007
13-01-2025
Leendert Steendijk: Resigned as Director
13-01-2025
Leendert Steendijk: Appointed as Managing director
27-10-2021
Sofian Milad: Appointed as Commissarisvertegenwoordiger
27-10-2021
Jurgen Kesselaers: Resigned as Commissarisvertegenwoordiger
25-05-2020
Domenic Lo Coco: Appointed as Director
25-05-2020
Brian Flanagan: Resigned as Director
27-06-2019
Dhr. Jurgen Kesselaers: Appointed as Vertegenwoordiger commissaris
13-02-2019
Leendert Steendijk: Appointed as Managing director
13-02-2019
Brian P. Flanagan: Appointed as Director
08-03-2017
David Benton: Resigned as Director
08-03-2017
David Ireland: Resigned as Director
07-06-2007
De Meyer Jozef: Appointed as Secretary
07-06-2007
Peter Jansen: Appointed as Chair
07-06-2007
Peter Jansen: Appointed as Managing director
07-06-2007
David Ireland: Resigned as Afgevaardigd bestuurder
07-06-2007
David Ireland: Appointed as Gewaon bestuurder
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Marnixlaan 231000 BrusselGround area
1,027 m²
Building footprint
800 m²
Volume, LiDAR
19,374 m³
Parcel 21805E0534/00D000, Brussels · tallest building 44.0 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
PROGRESS SOFTWARE
since 19892.033.697.842
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0534/00D000 | Brussels | 1,027 m² | 1 · 800 m² | 44.0 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
5 auditors| Milad SOFIANCurrent Statutory auditor | 06-06-2025 → present |
Show 4 earlier auditors
| CVBA Deloitte Bedrijfsrevisoren Statutory auditor succeeded by Deloitte Bedrijfsrevisoren in 2022 | 27-06-2019 → 14-06-2022 |
| Deloitte - Bedrijfsrevisoren - Réviseurs d'entreprises Statutory auditor succeeded by CVBA Deloitte Bedrijfsrevisoren in 2019 | 01-09-2017 → 27-06-2019 |
| Deloitte Bedrijfsrevisoren Statutory auditor succeeded by Milad SOFIAN in 2025 | 14-06-2022 → 06-06-2025 |
| Deloitte Bedrijfsrevisoren BV Statutory auditor | - → 06-06-2025 |
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Of 16,811 companies in sector 62100 we hold annual accounts for 8,748. 3,963 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-02-1987
Fiscal year end30-11
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
72100
72220
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.