Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 30.3 to 26.7.
Financials
Financial year 2025
Academic Software from Lokeren, company number BE0635738394, closed financial year 2025 with a result of € 789,691 after tax. For that financial year Academic Software recorded revenue of € 47.1 million and equity of € 2.5 million. Compared with financial year 2024, the result moved from € 397,952 to € 789,691. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 25, 2026.
€ 2.5 million
▲ 46% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 789,691
▲ 98% vs 2024
Profit after tax over the fiscal year.
€ 329,342
▼ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 845,512.
People and assets in 2025
26.7
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.4 million
▼ 19% vs 2024
€ 90,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 7,567
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.5 million
▼ 16% vs 2024
€ 218,000 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2.5 million
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 21 days on average.
€ 430,393
▼ 30% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 42,095,053 | € 47,101,995 | ▲ 12% |
| Gross margin | € 2,076,741 | € 2,052,376 | - | - | |
| Profit after taxes | € -609,421 | € -1,640,265 | € 397,952 | € 789,691 | ▲ 98% |
| Equity | € 1,317,374 | € 1,351,675 | € 1,732,968 | € 2,526,278 | ▲ 46% |
| Total debts | € 4,677,642 | € 8,155,671 | € 10,567,344 | € 9,041,714 | ▼ 14% |
| Cash | € 202,380 | € 71,864 | € 1,112,048 | € 329,342 | ▼ 70% |
| Retained profit | € 1,311,174 | € -329,091 | € 52,202 | € 845,512 | ▲ € 793,310 |
| Bank debt | € 2,988,376 | € 3,431,398 | € 6,537,257 | € 5,508,300 | ▼ 16% |
| Balance sheet total | € 5,995,016 | € 9,507,345 | € 12,300,312 | € 11,567,992 | ▼ 6% |
| Employees (FTE) | 35.9 | 30.3 | 27 | 26.7 | ▼ 0.3 |
Key figures of Academic Software, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Academic Software?
What happened at Academic Software in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 789,691 (▲ 98% vs 2024). filed late Source: NBB ↗
- FinTech Advisors became a director. NBB
- SITEX became a director. NBB
- New establishment in Lokeren. KBO
- Start of the company according to the CBE. KBO
In short
From € 609,421 loss in 2022 to € 789,691 profit in 2025.
Paid € 36,456 in corporate taxes since 2022.
Best year ever: 2025, with € 789,691 profit.
On average € 67,700 of value added per employee in 2023.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ACSW comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Academic SoftwareBehind Academic Software are FinTech Advisors and SITEX. The shares are held by ACSW (100%). It owns 100% of Ilona IT OY and 100% of Asknet GmbH itself.
Directors
According to the 2025 annual accounts
since 2023
since 2023
Shareholders
100%
Participations
Ilona IT OY
100%
Asknet GmbH
100%
Establishments
Establishment units
Physical locations of this company
Bouwstraat 14 Y
9160 Lokeren
Bouwstraat 14Y box 1
9160 Lokeren
Active since 1 September 2015
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Domain
Domain
academicsoftware.com
Registered
1996-12-23
Registrar
Gandi SAS
Expires
2026-12-22
Website info
Features
Security
Network
Details
- Company number
- 0635.738.394
- VAT number
- BE 0635.738.394
- Registered office
- Bouwstraat 14 Y, 9160 Lokeren
- Names & denominations
- Academic Software
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 August 2015
- Peppol
- Active · Active since 22 May 2025
- Contact
- academicsoftware.com
- Activities · NACE
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