Academic Software
ActiveSummary
Academic Software has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.53M and a net result of €790k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▲+11
Solvency47▲+8
Growth76▲+24
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity short (current ratio 0.91 against 1.07 in 2024; short-term debt: 72.5% and cash: 2.8% of total assets), and 78.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
21.8%
Return on assets
6.8%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 4867 sector peers (2025).
NBB · sector comparisonPosition among 4867 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-03-2026, 53 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
53 d late
2024
on the day
2023
40 d early
2022
119 d early
2020
82 d early
2019
52 d early
2018
47 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€47.10M▲ 11.9%
2024 · €42.10M
2024: €42.10M
2024 → 2025
EBIT margin
2.4%▲ 0.7pp
2024 · 1.8%
2024: 1.8%
2024 → 2025
Net result
€790k▲ 98.4%
2024 · €398k
2018: €438k
2019: €524k
2020: €926k
2022: €-609k
2023: €-1.64M
2024: €398k
2018 → 2025
Working capital
€-756k
2024 · €591k
2018: €263k
2019: €656k
2020: €958k
2022: €1.30M
2023: €950k
2024: €591k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Turnover€42.10M€47.10M▲ 11.9%
Equity€1.93M-€1.32M▼ 31.6%€1.35M▲ 2.6%€1.73M▲ 28.2%€2.53M▲ 45.8%
Operating result€971k-€-2.37M€-1.46M▲ 38.3%€740k€1.14M▲ 53.4%
Net result€926k-€-609k€-1.64M▼ 169%€398k€790k▲ 98.4%
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 53% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.57M
Fixed assets
€3.93M ▲ 23.7%
Current assets
€7.63M ▼ 16.3%
Equity and liabilities €11.57M
Equity
€2.53M ▲ 45.8%
Debt
€9.04M ▼ 14.4%
Debt's share of the balance-sheet total falls from 85.9% to 78.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.63M▲
2024 · €1.09M
Cash flow
€1.28M▲
2024 · €745k
Current ratio
0.91▼
2024 · 1.07
Quick ratio
0.88▼
2024 · 1.03
Debt to equity
3.58▼
2024 · 6.10
ROE
31.3%▲
2024 · 23.0%
ROA
6.8%▲
2024 · 3.2%
Interest coverage
5.67▲
2024 · 4.46
Debt ≤ 1 year
€8.39M▼
2024 · €8.53M
Debt > 1 year
€430k▼
2024 · €1.60M
Staff costs
€2.41M▼
2024 · €2.97M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 77 lines
Balance sheet
Code20242025
Assets
Total assets20/58€12.30M€11.57M▼
Fixed assets21/28€3.18M€3.93M▲
Intangible fixed assets21€1.19M€1.41M▲
Tangible fixed assets22/27€51k€31k▼
Plant, machinery and equipment23€2k€7k▲
Furniture and vehicles24€10k€8k▼
Other tangible fixed assets26€40k€10k▼
Assets under construction and advance payments27-€7k
Financial fixed assets28€1.94M€2.49M▲
Affiliated companies280/1€1.65M€1.99M▲
Participating interests280€1.65M€1.99M▲
Other financial fixed assets284/8€296k€504k▲
Amounts receivable and cash guarantees285/8€296k€504k▲
Current assets29/58€9.12M€7.63M▼
Amounts receivable after more than one year29€2.06M€2.07M▲
Other amounts receivable291€2.06M€2.07M▲
Stocks and contracts in progress3€340k€231k▼
Stocks30/36€340k€231k▼
Goods purchased for resale34€340k€231k▼
Amounts receivable within one year40/41€5.53M€4.85M▼
Trade receivables40€4.23M€3.44M▼
Other amounts receivable41€1.30M€1.42M▲
Cash at bank and in hand54/58€1.11M€329k▼
Deferred charges and accrued income490/1€70k€146k▲
Equity and liabilities
Total equity and liabilities10/49€12.30M€11.57M▼
Equity10/15€1.73M€2.53M▲
Contributions10/11€1.68M€1.68M=
Reserves13€2k€5k▲
Distributable reserves133€2k€5k▲
Profit (loss) carried forward14€50k€840k▲
Amounts payable17/49€10.57M€9.04M▼
Amounts payable after more than one year17€1.60M€430k▼
Financial debts170/4€1.60M€430k▼
Credit institutions173€648k€430k▼
Other loans174€950k-
Amounts payable within one year42/48€8.53M€8.39M▼
Current portion of amounts payable after more than one year42€241k€218k▼
Financial debts43€4.70M€4.86M▲
Credit institutions430/8€4.70M€4.86M▲
Trade debts44€2.86M€2.53M▼
Suppliers440/4€2.86M€2.53M▼
Taxes, remuneration and social security45€614k€430k▼
Taxes450/3€1k€15k▲
Remuneration and social security454/9€613k€416k▼
Other amounts payable47/48€112k€349k▲
Accrued charges and deferred income492/3€440k€222k▼
Income statement
Code20242025
Operating income70/76A€43.19M€48.45M▲
Turnover70€42.10M€47.10M▲
Own construction capitalised72€668k€599k▼
Other operating income74€432k€748k▲
Operating charges60/66A€42.45M€47.31M▲
Goods for resale, raw materials and consumables60€32.06M€36.21M▲
Purchases600/8€32.16M€36.10M▲
Change in stocks: decrease (increase)609€-95k€109k▲
Services and other goods61€6.77M€7.78M▲
Remuneration, social security and pensions62€2.97M€2.41M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€347k€494k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€281k€307k▲
Other operating charges640/8€17k€118k▲
Operating profit (loss)9901€740k€1.14M▲
Financial income75/76B€42k€114k▲
Recurring financial income75€42k€114k▲
Income from financial fixed assets750-€107k
Income from current assets751€40k-
Other financial income752/9€2k€7k▲
Financial charges65/66B€376k€460k▲
Recurring financial charges65€376k€460k▲
Debt charges650€244k€287k▲
Other financial charges652/9€133k€172k▲
Profit (loss) for the period before taxes9903€405k€790k▲
Income taxes67/77€7k-
Taxes670/3€7k-
Profit (loss) for the period9904€398k€790k▲
Profit (loss) for the period to be appropriated9905€398k€790k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€840k▲
Profit (loss) brought forward from the previous period14P€-348k€50k▲
Social balance
Average headcount (FTE)908727.026.7▼
The notes to these accounts (66 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-09
State Gazette act
Merger · Shareholding
Transfer of a branch of activity or universality · Other statement
23-09
State Gazette act
Merger · Shareholding
Transfer of a branch of activity or universality · Other statement
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 53 days late
2025
30-06
Financial
Equity above €2MEq €2.53M ▲45.8%
2 profitable years in a row build equity to €2.53M.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Back to profitnet €398k
Net result €398k after 2 loss-making years.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-1.64M
Net result drops to €-1.64M, the lowest in the series; recovery starts the following year.
2022
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €926k ▲76.6%
Net result €926k, the highest in the series.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Equity above €1MEq €1.00M ▲110%
2 profitable years in a row build equity to €1.00M.
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2015
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.
Bouwstraat 14 Y9160 LokerenGround area
1.1 ha
Building footprint
6,477 m²
Parcel 46384D0699/00H000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Academic Software
since 20152.263.957.828
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384D0699/00H000indicative | Flanders | 1.1 ha | 1 · 6,477 m² | 0.1 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 189,850 EUR awarded · 77,880 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 185,970 EUR | 74,000 EUR |
| 2023 | 1 | 3,880 EUR | 3,880 EUR |
Schemes
Ontwikkelingsproject
Subsidies voor internationaal ondernemen
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Of 2,122 companies in sector 46500 we hold annual accounts for 1,403. 634 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-08-2015
Fiscal year end30-06
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.