Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2021.
-
Late annual account NBB
Fiscal year 2024 was filed 425 days after the legal deadline.
-
Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
Apryse Group from Gent, company number BE0895263973, closed financial year 2024 with a result of € 34.8 million after tax. For that financial year Apryse Group recorded revenue of € 55.6 million and equity of € 72.6 million. Compared with financial year 2023, the result moved from € 22.9 million to € 34.8 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ 72.6 million
▲ 92% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 34.8 million
▲ 52% vs 2023
Profit after tax over the fiscal year.
€ 6.4 million
▲ € 6.2 million vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 72.5 million.
People and assets in 2024
23
▼ 1.9 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▲ 4% vs 2023
€ 138,100 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.
€ 537
▼ 46% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 304,386
▲ 32% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 9 days on average.
€ 2.8 million
▲ € 2.3 million vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 14,898,988 | € 23,411,800 | € 34,591,629 | € 55,588,091 | ▲ 61% |
| Profit after taxes | € 7,125,426 | € 14,573,237 | € 22,907,748 | € 34,831,478 | ▲ 52% |
| Equity | € 25,792,382 | € 14,815,620 | € 37,723,368 | € 72,554,846 | ▲ 92% |
| Total debts | € 12,465,654 | € 17,534,206 | € 23,239,393 | € 35,788,293 | ▲ 54% |
| Cash | € 26,187,122 | € 5,304,094 | € 178,996 | € 6,424,798 | ▲ € 6.2 million |
| Retained profit | € 25,692,382 | € 14,715,620 | € 37,623,368 | € 72,454,846 | ▲ 93% |
| Dividend | € 0 | € 25,550,000 | € 0 | € 0 | |
| Balance sheet total | € 38,258,037 | € 32,349,825 | € 60,962,760 | € 108,343,139 | ▲ 78% |
| Employees (FTE) | 23.6 | 25.2 | 24.9 | 23 | ▼ 1.9 |
Key figures of Apryse Group, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Apryse Group?
What happened at Apryse Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kenneth Saunders stepped down as director. NBB
- Cassidy Smirnow stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 34.8 million (▲ 52% vs 2023). filed late Source: NBB ↗
- Kenneth Saunders became a director. NBB
- Cassidy Smirnow became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Gent. KBO
In short
From € 7.1 million profit in 2021 to € 34.8 million profit in 2024.
Paid € 13.5 million in corporate taxes since 2021.
Best year ever: 2024, with € 34.8 million profit.
Paid out € 25.6 million in dividends to the owners in total.
Management
The shares are held by Apryse NV (100%). It owns 100% of Apryse Asia PTE. LTD, 100% of Apryse Corp. and 99% of Apryse Software BV itself.
Directors
According to the 2024 annual accounts
Cassidy Smirnow
Director
Also active at: Apryse, Apryse Belgium HoldCo, Apryse Belgium AcquisitionCo, Apryse Software
since 2022 · until 2028
Kenneth Saunders
Managing director
Also active at: Apryse, Apryse Belgium HoldCo, Apryse Belgium AcquisitionCo, Apryse Software
since 2023 · until 2029
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Technologiepark-Zwijnaarde 122
9052 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →EYKON
€ 50 million revenue · 2026
1T3XT GROEP
AVGI
€ 676,960 gross margin · 2025
Apryse same network
Sentea
€ 913,263 revenue · 2025
+11 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0895.263.973
- VAT number
- BE 0895.263.973
- Registered office
- Technologiepark-Zwijnaarde 122, 9052 Gent
- Names & denominations
- Apryse Group
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 January 2008
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Ontwerpen van computerprogramma’s
Uitgeven van overige software
Ontwerpen en programmeren van computerprogramma's
Markt- en opinieonderzoek
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
Computerconsultancy-activiteiten