ACTIVE

Progress Software

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Financial year 2025 · closed on 30/11/2025

Net result

169,9 k €

-49.7% YoY

Revenue

7,7 M €

-2.3% YoY

Equity

1,1 M €

+19.1% YoY

Workforce

2,0 ETP

0.0% YoY

What does Progress Software do?

Progress Software is a Public limited company incorporated in 1987. Its registered office is in Bruxelles. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.456.603

Incorporation

12/02/1987

Legal form

Public limited company

Registered office

Avenue Marnix 23
1000 Bruxelles · BruxellesSee on map

Contributed capital

61 973,00 €

Latest accounts

30/11/2025

Average workforce

2,0 ETP

Joint committees (3)

100
20000
218

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2020		2019		2018		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	7,7 M €	-2.3%	7,9 M €	+3.1%	7,7 M €	+2.9%	7,4 M €	+2.6%	7,3 M €	-15.7%	8,6 M €	+2.2%	8,4 M €	+13.4%	7,4 M €	-0.2%	7,4 M €	+3.1%	7,2 M €	-22.2%	9,3 M €	-2.2%	9,5 M €	-6.7%	10,2 M €	+12.6%	9,0 M €	-5.0%	9,5 M €	+1.6%	9,4 M €	+12.8%	8,3 M €
EBITDA	165,3 k €	-50.5%	333,9 k €	+0.6%	331,8 k €	+476%	57,6 k €	-77.6%	256,9 k €	+169%	95,6 k €	-21.3%	121,3 k €	-89.7%	1,2 M €	+395%	238,1 k €	+138%	-627,7 k €	-151%	1,2 M €	+177%	441,7 k €	-49.7%	877,4 k €	-48.5%	1,7 M €	+505%	281,4 k €	+52.0%	185,1 k €	-64.4%	520,3 k €
Operating result	165,3 k €	-50.5%	333,9 k €	+0.6%	331,8 k €	+476%	57,6 k €	-77.5%	256,5 k €	+170%	94,9 k €	-21.8%	121,3 k €	-89.4%	1,1 M €	+600%	163,9 k €	+122%	-741,2 k €	-167%	1,1 M €	+249%	319,4 k €	-56.0%	726,4 k €	-54.2%	1,6 M €	+654%	210,2 k €	+240%	61,9 k €	-82.9%	361,3 k €
Net result	169,9 k €	-49.7%	338,0 k €	+18.7%	284,6 k €	+359%	62,0 k €	-66.7%	186,0 k €	+119%	85,0 k €	+17.2%	72,5 k €	-90.3%	746,9 k €	+3130%	23,1 k €	+102%	-1,2 M €	-199%	1,2 M €	+382%	248,9 k €	+22.0%	204,0 k €	+147%	-437,4 k €	-402%	144,8 k €	+4816%	2,9 k €	-98.4%	180,9 k €
Balance sheet
Equity	1,1 M €	+19.1%	890,5 k €	-76.3%	3,8 M €	+8.2%	3,5 M €	+6.5%	3,3 M €	+6.1%	3,1 M €	+2.8%	3,0 M €	+32.0%	2,3 M €	+49.3%	1,5 M €	+1.6%	1,5 M €	-44.3%	2,7 M €	+81.4%	1,5 M €	+20.3%	1,2 M €	+20.0%	1,0 M €	-30.0%	1,5 M €	+11.0%	1,3 M €	+0.2%	1,3 M €
Total assets	5,5 M €	-24.9%	7,4 M €	+4.8%	7,0 M €	+0.7%	7,0 M €	-1.6%	7,1 M €	-4.2%	7,4 M €	-2.3%	7,6 M €	-18.3%	9,3 M €	+13.5%	8,2 M €	-27.1%	11,2 M €	-14.2%	13,0 M €	+3.3%	12,6 M €	+4.4%	12,1 M €	+23.3%	9,8 M €	+5.5%	9,3 M €	+56.6%	5,9 M €	-2.5%	6,1 M €
Cash	821,6 k €	-69.4%	2,7 M €	+34.2%	2,0 M €	+21.6%	1,6 M €	+415%	319,0 k €	-70.5%	1,1 M €	+83.6%	589,5 k €	+13.2%	520,7 k €	-76.6%	2,2 M €	-44.7%	4,0 M €	-17.4%	4,9 M €	+201%	1,6 M €	+126%	714,3 k €	+102%	354,1 k €	+49.7%	236,6 k €	-81.8%	1,3 M €	+101%	648,2 k €
Debts	1,7 M €	-52.9%	3,7 M €	+1074%	314,0 k €	-41.4%	535,7 k €	-24.2%	706,4 k €	-38.8%	1,2 M €	-9.7%	1,3 M €	-69.3%	4,2 M €	-4.0%	4,3 M €	-36.4%	6,8 M €	-9.7%	7,5 M €	-7.8%	8,2 M €	+15.8%	7,1 M €	+24.2%	5,7 M €	+16.2%	4,9 M €	+125%	2,2 M €	-12.8%	2,5 M €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-82.1%	11,2 ETP	-5.1%	11,8 ETP	-22.9%	15,3 ETP	-45.0%	27,8 ETP	-21.7%	35,5 ETP	-13.0%	40,8 ETP	-9.1%	44,9 ETP	+38.6%	32,4 ETP	+21.3%	26,7 ETP	+13.6%	23,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 2 active · 12 ended

Active mandates

Leendert Steendijk

Director · since 06 mai 2024 · until 06 mai 2030

Active

Domenic Lococo

Director · since 04 janvier 2020 · until 04 mai 2026

Active

Ended mandates

Brian Patrick Flanagan

Director · since 31 mai 2018 · until 04 mai 2020

Ended

Brian Patrick FLANAGAN

Director · since 31 mai 2018 · until 31 mai 2024

Ended

Leendert Steendijk

Director · since 31 mai 2018 · until 06 mai 2024

Ended

Leendert STEENDIJK

Director · since 31 mai 2018 · until 31 mai 2024

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/05/2026	19/05/2025	11/06/2024	15/05/2023	21/06/2022	04/11/2021
General meeting	04/05/2026	05/05/2025	06/05/2024	02/05/2023	02/05/2022	03/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/11/2025	04/05/2026	08/05/2026	Dutch	PDF
Abridged model	30/11/2024	05/05/2025	19/05/2025	Dutch	PDF
Abridged model	30/11/2023	06/05/2024	11/06/2024	Dutch	PDF
Abridged model	30/11/2022	02/05/2023	15/05/2023	Dutch	PDF
Abridged model	30/11/2021	02/05/2022	21/06/2022	Dutch	PDF
Abridged modelCorrection	30/11/2020	03/05/2021	04/11/2021	Dutch	PDF
Abridged model	30/11/2020	03/05/2021	06/05/2021	Dutch	PDF
Abridged model	30/11/2019	04/05/2020	14/05/2020	Dutch	PDF
Abridged model	30/11/2018	31/05/2019	24/06/2019	Dutch	PDF
Full model	30/11/2017	31/05/2018	04/07/2018	Dutch	PDF
Full modelCorrection	30/11/2016	15/06/2017	11/08/2017	Dutch	PDF
Full model	30/11/2016	15/06/2017	13/07/2017	Dutch	PDF
Full modelCorrection	30/11/2015	30/06/2016	10/08/2017	Dutch	PDF
Full model	30/11/2015	30/06/2016	08/08/2016	Dutch	PDF
Full model	30/11/2014	22/07/2015	26/08/2015	Dutch	PDF
Full model	30/11/2013	29/08/2014	23/10/2014	Dutch	PDF
Full model	30/11/2012	12/03/2014	24/04/2014	Dutch	PDF
Full model	30/11/2011	21/10/2013	18/11/2013	Dutch	PDF
Full model	30/11/2010	30/09/2011	06/10/2011	Dutch	PDF
Full model	30/11/2009	30/09/2011	06/10/2011	Dutch	PDF
Full model	30/11/2008	07/05/2009	28/07/2009	Dutch	PDF
Full model	30/11/2007	07/05/2008	28/07/2008	Dutch	PDF
Full model	30/11/2006	07/05/2007	13/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/11/2025 · 2 active · 12 ended

Active mandates

Leendert Steendijk

Director · since 06 mai 2024 · until 06 mai 2030

Active

Domenic Lococo

Director · since 04 janvier 2020 · until 04 mai 2026

Active

Ended mandates

Brian Patrick Flanagan

Director · since 31 mai 2018 · until 04 mai 2020

Ended

Brian Patrick FLANAGAN

Director · since 31 mai 2018 · until 31 mai 2024

Ended

Leendert Steendijk

Director · since 31 mai 2018 · until 06 mai 2024

Ended

Leendert STEENDIJK

Director · since 31 mai 2018 · until 31 mai 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other14/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/03/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2019
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025169,9 k €↓
2024
Annual accounts 2024338,0 k €↑
2023
Annual accounts 2023284,6 k €↑
2022
Annual accounts 202262,0 k €↓
2020
Annual accounts 2020186,0 k €↑
2019
Annual accounts 201985,0 k €↑
2018
Annual accounts 201872,5 k €↓
2015
Annual accounts 2015746,9 k €↑
2014
Annual accounts 201423,1 k €↑
2013
Annual accounts 2013-1,2 M €↓
2012
Annual accounts 20121,2 M €↑
2011
Annual accounts 2011248,9 k €↑
2010
Annual accounts 2010204,0 k €↑
2009
Annual accounts 2009-437,4 k €↓
2008
Annual accounts 2008144,8 k €↑
2007
Annual accounts 20072,9 k €↓
2006
Annual accounts 2006180,9 k €
12/02/1987
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Progress Software

Overview

What does Progress Software do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline