Project Archive: Company specializing in the digitization (scanning) of primarily spatial planning files and government records.

Asking price Price on request

Financial data

Turnover / Revenue €1,300,000.00

Project Archive specializes in the digitization (scanning) of mainly spatial planning files and government records.

In addition, Project Archive offers the possibility to integrate the data digitized and structured by the company with existing (internal) software programs.

With more than fifty years of experience in the scanning and digitization industry, the company has built a sustainable customer base throughout Flanders and Brussels.

Currently, Project Archive employs 4 permanent employees, supplemented by about five interim workers.

Project Archive offers its services to both companies (B2B) and governments (B2G), with governments accounting for an average of 98% of sales over the past three years.

The transaction involves a carve-out (asset deal) of Project Archive from the umbrella group.

The buyer will have to find a new location, but the business is fully delocalizable.

Reason for sale: The management of the umbrella group is currently considering a strategic restructuring. Part of this is the carve-out of Project Archive, as Archive's services are no longer part of the group's core business.

Revenue levels have increased from about €780k to about €1.3 million in the period from 2023 to 2024. Normalized EBITDA also shows an upward trend, from €110k in fiscal year 2023 to €230k in fiscal year 2024. Important: Figures as of 2024 are actual realized figures through April 2024. From May through December 2024, the figures are budget-based, based on signed contracts and/or tenders.

Location
Flanders
Number of employees
5
Real estate included
No
Translated from
Dutch
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