ACTIVE

Apryse Group

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Financial year 2023 · closed on 31/12/2023

Net result

22,9 M €

+57.2% YoY

Revenue

34,6 M €

+47.8% YoY

Equity

37,7 M €

+154.6% YoY

Workforce

24,9 ETP

-1.2% YoY

What does Apryse Group do?

Apryse Group is a Public limited company incorporated in 2008. Its main activity is: Other software publishing. Its registered office is in Gent. It employs on average 24,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0895.263.973

Incorporation

28/01/2008

Legal form

Public limited company

Registered office

Technologiepark-Zwijnaarde 122
9052 Gent · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2023

Average workforce

24,9 ETP

Activities (NACE)

58290Other software publishing· main 58290Other software publishing 62010Computer programming activities 62100Computer programming, consultancy and related activities 62020Computer consultancy activities 62200Computer programming, consultancy and related activities+2

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2023		2022		2021		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	34,6 M €	+47.8%	23,4 M €	+57.1%	14,9 M €	+115%	6,9 M €	+20.7%	5,7 M €	+30.4%	4,4 M €	+4.4%	4,2 M €		–		–		–		–		–
EBITDA	26,4 M €	+75.2%	15 M €	+93.2%	7,8 M €	+89.6%	4,1 M €	+11.1%	3,7 M €	+52.8%	2,4 M €	+6.6%	2,3 M €	+17.1%	1,9 M €	+64.9%	1,2 M €	+177%	424,1 k €	+655%	56,2 k €	+30.1%	43,2 k €
Operating result	26,7 M €	+78.3%	15 M €	+112%	7,1 M €	+76.1%	4 M €	+11.2%	3,6 M €	+52.8%	2,4 M €	+5.1%	2,3 M €	+16.8%	1,9 M €	+66.7%	1,2 M €	+176%	420 k €	+656%	55,5 k €	+30.1%	42,7 k €
Net result	22,9 M €	+57.2%	14,6 M €	+105%	7,1 M €	+113%	3,3 M €	+0.3%	3,3 M €	+46.6%	2,3 M €	+3.7%	2,2 M €	+67.3%	1,3 M €	+61.6%	811,8 k €	+203%	267,6 k €	+494%	45,1 k €	+20.6%	37,4 k €
Balance sheet
Equity	37,7 M €	+155%	14,8 M €	-42.6%	25,8 M €	+130%	11,2 M €	+42.7%	7,8 M €	+74.0%	4,5 M €	+102%	2,2 M €	+32.3%	1,7 M €	+123%	754,8 k €	+428%	143 k €	+464%	25,3 k €	-27.5%	35 k €
Total assets	61 M €	+88.4%	32,3 M €	-15.4%	38,3 M €	+178%	13,8 M €	+45.6%	9,5 M €	+72.6%	5,5 M €	+10.6%	5 M €	+16.7%	4,2 M €	+227%	1,3 M €	+151%	517,2 k €	+407%	102 k €	+64.9%	61,8 k €
Cash	179 k €	-96.6%	5,3 M €	-79.7%	26,2 M €	+295%	6,6 M €	+157%	2,6 M €	+115%	1,2 M €	+46.6%	819,1 k €	-51.0%	1,7 M €	+98.9%	840,6 k €	+159%	324,8 k €	+246%	93,8 k €	+57.2%	59,7 k €
Debts	22,9 M €	+352%	5,1 M €	+362%	1,1 M €	+10.3%	994,7 k €	+127%	438,5 k €	+116%	202,8 k €	-90.0%	2 M €	-20.5%	2,6 M €	+398%	514,1 k €	+37.4%	374,2 k €	+388%	76,6 k €	+185%	26,9 k €
Other
Workforce	24,9 ETP	-1.2%	25,2 ETP	+6.8%	23,6 ETP		–		–		–		–		–		0,2 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2023 · 2 active · 25 ended

Active mandates

Kenneth Saunders

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

Active

Cassidy SMIRNOW

Director · since 19 avril 2022 · until 27 mars 2028

Active

Ended mandates

Kenneth Saunders

Director · since 19 mai 2023 · until 19 mai 2029

Ended

Joel MARTINS

Director · since 19 avril 2022 · until 27 mars 2028

Ended

Charles Matthew DANZEISEN

Director · since 01 septembre 2020 · until 30 mars 2026

Ended

Lee Kevin Kidoo

Director · since 20 décembre 2018 · until 25 mars 2024

Ended

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Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	24/10/2019
General meeting	17/12/2025	29/09/2023	29/07/2022	23/06/2021	30/06/2020	10/10/2019
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2023	17/12/2025	18/12/2025	Dutch	PDF
Full model	31/12/2022	29/09/2023	12/10/2023	Dutch	PDF
Full modelCorrection	31/12/2021	29/07/2022	29/08/2022	Dutch	PDF
Full model	31/12/2021	29/07/2022	25/08/2022	Dutch	PDF
Full model	31/12/2020	23/06/2021	22/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	29/07/2020	Dutch	PDF
Full model	31/12/2018	10/10/2019	24/10/2019	Dutch	PDF
Full model	31/12/2017	27/04/2018	03/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	27/07/2017	Dutch	PDF
Full model	31/12/2015	05/04/2016	29/04/2016	Dutch	PDF
Full model	31/12/2014	20/11/2015	11/12/2015	Dutch	PDF
Abridged model	30/06/2013	06/12/2013	17/12/2013	Dutch	PDF
Abridged model	30/06/2012	07/12/2012	31/01/2013	Dutch	PDF
Abridged model	30/06/2011	02/12/2011	20/12/2011	Dutch	PDF
Abridged modelCorrection	30/06/2010	03/09/2010	18/11/2010	Dutch	PDF
Abridged model	30/06/2010	03/09/2010	28/09/2010	Dutch	PDF
Abridged model	30/06/2009	04/12/2009	21/12/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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 · 25 ended

Active mandates

Kenneth Saunders

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

Active

Cassidy SMIRNOW

Director · since 19 avril 2022 · until 27 mars 2028

Active

Ended mandates

Kenneth Saunders

Director · since 19 mai 2023 · until 19 mai 2029

Ended

Joel MARTINS

Director · since 19 avril 2022 · until 27 mars 2028

Ended

Charles Matthew DANZEISEN

Director · since 01 septembre 2020 · until 30 mars 2026

Ended

Lee Kevin Kidoo

Director · since 20 décembre 2018 · until 25 mars 2024

Ended

Shareholders

Ownership and network

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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
Other20/02/2023
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

17/12/2025
nominationJos Briers — vaste vertegenwoordiger commissaris
07/02/2025
nominationKenneth SAUNDERS — gedelegeerd bestuurder
26/04/2024
nominationMike Boonen — vaste vertegenwoordiger van de commissaris
2023
Annual accounts 202322,9 M €↑
29/09/2023
nominationKPMG Bedrijfsrevisoren BV — commissaris
19/05/2023
nominationKenneth Saunders — bestuurder / gedelegeerd bestuurder
29/03/2023
nominationKenneth SAUNDERS — dagelijks bestuurder
2022
Annual accounts 202214,6 M €↑
19/04/2022
nominationCassidy SMIRNOW — bestuurder
19/04/2022
nominationJoel MARTINS — bestuurder
24/03/2022
nominationHudson SMITH JR — bestuurder
24/03/2022
nominationMatthew LOSARDO — bestuurder
2022
Name changeApryse Group
2021
Annual accounts 20217,1 M €↑
2021
Name changeiText Group
2017
Annual accounts 20173,3 M €↑
2016
Annual accounts 20163,3 M €↑
2015
Annual accounts 20152,3 M €↑
2014
Annual accounts 20142,2 M €↑
2013
Annual accounts 20131,3 M €↑
2012
Annual accounts 2012811,8 k €↑
2011
Annual accounts 2011267,6 k €↑
2010
Annual accounts 201045,1 k €↑
2009
Annual accounts 200937,4 k €
28/01/2008
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

Apryse Group

Overview

What does Apryse Group do?

Trend over 12 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