ACTIVE

Apryse Software

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Financial year 2023 · closed on 31/12/2023

Net result

1,1 M €

+47.2% YoY

Gross margin

2,9 M €

+10.6% YoY

Equity

2,4 M €

+80.3% YoY

Workforce

12,6 ETP

+11.5% YoY

What does Apryse Software do?

Apryse Software is a Private limited company incorporated in 2011. Its main activity is: Computer programming activities. Its registered office is in Gent. It employs on average 12,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0838.649.627

Incorporation

18/08/2011

Legal form

Private limited company

Registered office

Technologiepark-Zwijnaarde 122
9052 Gent · FlandreSee on map

Contributed capital

19 000,00 €

Latest accounts

31/12/2023

Average workforce

12,6 ETP

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 62090Other information technology and computer service activities 62900Computer programming, consultancy and related activities 63100Data processing, hosting and related activities; web portals 63110Data processing, hosting and related activities+2

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2023		2022		2021		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	2,9 M €	+10.6%	2,6 M €	+83.6%	1,4 M €	-20.4%	1,8 M €	+37.1%	1,3 M €	+23.5%	1 M €		–		–		650,1 k €	+21.7%	534,2 k €
EBITDA	1,5 M €	+42.6%	1 M €	+598%	146,3 k €	+379%	-52,5 k €	-79.0%	-29,3 k €	-205%	27,8 k €	+134%	11,9 k €	-89.9%	118,2 k €	-64.8%	335,8 k €	+105%	163,8 k €
Operating result	1,5 M €	+56.8%	951,8 k €	+734%	114,1 k €	+276%	-64,7 k €	-69.6%	-38,1 k €	-280%	21,2 k €	+110%	10,1 k €	-90.8%	109,7 k €	-67.0%	332,7 k €	+107%	160,4 k €
Net result	1,1 M €	+47.2%	736,1 k €	+836%	78,7 k €	+237%	-57,3 k €	+9.2%	-63,1 k €	-603%	12,5 k €	-27.6%	17,3 k €	-75.6%	71,1 k €	-66.6%	212,6 k €	+114%	99,4 k €
Balance sheet
Equity	2,4 M €	+80.3%	1,4 M €	+120%	614,2 k €	+135%	261,7 k €	-18.0%	318,9 k €	-16.5%	382 k €	+3.4%	369,4 k €	+4.9%	352,1 k €	+25.3%	281 k €	+311%	68,4 k €
Total assets	9,1 M €	-10.9%	10,2 M €	+41.2%	7,2 M €	+180%	2,6 M €	+62.6%	1,6 M €	+23.0%	1,3 M €	+16.7%	1,1 M €	-14.3%	1,3 M €	+126%	572,7 k €	+121%	258,7 k €
Cash	427 k €	-89.2%	3,9 M €	+271%	1,1 M €	+78.7%	594,1 k €	+113%	278,5 k €	+3.1%	270,2 k €	+3.8%	260,3 k €	+55.2%	167,8 k €	-56.7%	387,3 k €	+218%	121,7 k €
Debts	474,7 k €	-55.6%	1,1 M €	-45.4%	2 M €	+44.9%	1,3 M €	+144%	553,3 k €	+56.6%	353,3 k €	+14.3%	309,1 k €	-42.2%	535 k €	+83.5%	291,6 k €	+56.3%	186,6 k €
Other
Workforce	12,6 ETP	+11.5%	11,3 ETP	-0.9%	11,4 ETP	-38.7%	18,6 ETP	+30.1%	14,3 ETP	+30.0%	11,0 ETP	+20.9%	9,1 ETP	+37.9%	6,6 ETP	+50.0%	4,4 ETP	-17.0%	5,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2023 · 2 active · 11 ended

Active mandates

Kenneth SAUNDERS

Managing director · since 19 mai 2023 · until 19 mai 2029

Active

Cassidy SMIRNOW

Director · since 19 avril 2022 · until 28 avril 2028

Active

Ended mandates

Kenneth Saunders

Director · since 19 mai 2023 · until 19 mai 2029

Ended

Joel MARTINS

Director · since 19 avril 2022 · until 28 avril 2028

Ended

PARK Sungmin

Director · since 01 septembre 2020

Ended

Yeon Su KIM

Manager · since 29 décembre 2015

Ended

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Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/12/2025	12/10/2023	29/08/2022	22/07/2021	29/07/2020	31/07/2019
General meeting	17/12/2025	29/09/2023	29/07/2022	23/06/2021	30/06/2020	27/06/2019
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2023	17/12/2025	18/12/2025	Dutch	PDF
Abridged model	31/12/2022	29/09/2023	12/10/2023	Dutch	PDF
Abridged modelCorrection	31/12/2021	29/07/2022	29/08/2022	Dutch	PDF
Abridged model	31/12/2021	29/07/2022	25/08/2022	Dutch	PDF
Abridged model	31/12/2020	23/06/2021	22/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	29/07/2020	Dutch	PDF
Abridged model	31/12/2018	27/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	27/04/2018	02/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	27/07/2017	Dutch	PDF
Full model	31/12/2015	29/04/2016	04/05/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	06/07/2015	Dutch	PDF
Abridged model	31/12/2013	25/04/2014	21/05/2014	Dutch	PDF
Abridged model	31/12/2012	26/04/2013	26/06/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2023 · 2 active · 11 ended

Active mandates

Kenneth SAUNDERS

Managing director · since 19 mai 2023 · until 19 mai 2029

Active

Cassidy SMIRNOW

Director · since 19 avril 2022 · until 28 avril 2028

Active

Ended mandates

Kenneth Saunders

Director · since 19 mai 2023 · until 19 mai 2029

Ended

Joel MARTINS

Director · since 19 avril 2022 · until 28 avril 2028

Ended

PARK Sungmin

Director · since 01 septembre 2020

Ended

Yeon Su KIM

Manager · since 29 décembre 2015

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other25/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING
PDF
Other17/02/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
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

2023
Annual accounts 20231,1 M €↑
2022
Annual accounts 2022736,1 k €↑
2022
Name changeApryse Software
2021
Annual accounts 202178,7 k €↑
2021
Name changeiText Software
2018
Annual accounts 2018-57,3 k €↑
2017
Annual accounts 2017-63,1 k €↓
2016
Annual accounts 201612,5 k €↓
2015
Annual accounts 201517,3 k €↓
2014
Annual accounts 201471,1 k €↓
2013
Annual accounts 2013212,6 k €↑
2012
Annual accounts 201299,4 k €
18/08/2011
IncorporationPrivate 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

Apryse Software

Overview

What does Apryse Software do?

Trend over 10 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