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Apryse Software

Active
Private limited companyfounded 2011active for 15 yearsTechnologiepark-Zwijnaarde 122, 9052 Gent, BelgiumKBO/BCE: BE 0838.649.627
Summary

The computed 12-month bankruptcy probability of Apryse Software is 1.6% (moderate). The 2024 annual accounts show equity of €1.2m and a net result of -€1.2m. Equity is growing by about 28% per year across the filed financial years. Its solvency ranks better than 20% of 1,558 sector peers (NACE 62, financial year 2024). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Computer programming
NACE 62100
1 site
Size
€11.7mturnover 2024
Staff
15.6 FTE
Equity
€1.2m
Loss
-€1.2m
Financial health
54 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.6%
Structure
Parent
Apryse Group · 99%
Auditor: KPMG Réviseurs d'EntreprisesAccounts 70 days overdue
Why 54raises riskCapped at 59: a confirmed filing finding1 financial year not filed after the legal deadline; latest accounts 425 days late; 3 of the last 3 lateLoss of €1.2m (financial year 2024)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 3.86, cash €1.8mShow the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 27% of its sector peers (NACE 62, small)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Weak
Solvency 36-16
equity 11.0% of total assets
Liquidity 60+4
short-term debt 25.9% · cash 16.0%
Profitability 4-80
return on assets -10.7%
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (1,158 companies, NACE 62, small)
Last 24 months 11-2024: 0.3%lowest value 12-2024: 0.4%▲ +0.1 percentage points vs 11-2024 01-2025: 0.6%▲ +0.2 percentage points vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.5%▼ -0.1 percentage points vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.8%▲ +0.3 percentage points vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 1.0%▲ +0.2 percentage points vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 2.8%▲ +1.8 percentage points vs 12-2025 02-2026: 2.8%● unchanged vs 01-2026 03-2026: 2.8%● unchanged vs 02-2026 04-2026: 2.5%▼ -0.3 percentage points vs 03-2026 05-2026: 2.5%● unchanged vs 04-2026 06-2026: 2.5%● unchanged vs 05-2026 07-2026: 2.5%● unchanged vs 06-2026 08-2026: 3.5%▲ +1.0 percentage point vs 07-2026highest value 09-2026: 3.5%● unchanged vs 08-2026highest value 10-2026: 1.6%▼ -1.9 percentage points vs 09-2026
Credit of up to €65,000 on 30-day terms, only on tighter conditions
Liquidity ample (current ratio 3.86, compared with 19.18 in 2023; short-term debt: 25.9% and cash: 16% of total assets), but 89% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, small): better than 18% on solvency, 72% on liquidity, 9% on profitability and 8% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 425 days late; 3 of the last 3 late
NBB · filings
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Liquidity: current ratio 3.86, cash €1.8m
NBB · annual accounts
raises risk · Loss of €1.2m (financial year 2024)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1558 sector peers (2024).
NBB · sector comparison
Position among 1558 sector peers
Solvency
better than 20%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2026, 425 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
425 days late
2023
505 days late
2022
73 days late
2021
25 days late
2020
9 days early
2019
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 170 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · full…
  2. Permanent representative: Jos BriersPower of attorney
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Caution: From profit to loss in 2024after €1.1m in 2023 -€1.2m View
  • Caution: Among the weakest 5% on net resultsector median €33,054 · 1,562 companies -€1.2m View
  • Caution: Accounts not fileddeadline was 31-07-2026 70 days late View
  • Controlled by Apryse Groupknown shareholders 100% 99% View

By topic

Financials

Financial year
2024
Turnover
€11.7m
Loss
-€1.2m
Solvency
11.0%
Go to Financials

Board & ownership

Board
2 members
Parent
Apryse Group · 99%
Known shareholders
100%
Auditor
KPMG Réviseurs d'Entreprises
  • Cassidy SMIRNOWDirector
  • Kenneth SaundersManaging director
Go to Board & ownership

Timeline

Events
43
Since
2011
  1. 19-05-2025Permanent representative: Mike Boonen
  2. 11-03-2025Resignations & appointments
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Computer programmingNACE 62100
Founded
18-08-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
Het ontwikkelen en onderhouden van software en websites; het toekennen en verkopen van…
Go to Articles of association

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