Company history/background
Project Archive specializes in the digitization (scanning) of primarily spatial planning files and government registers.
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.
Project Archive currently employs 4 permanent employees, supplemented by five temporary workers.
Project Archive offers its services to both businesses (B2B) and governments (B2G), with governments accounting for an average of 98% of revenue over the past three years.
Other
The transaction involves a carve-out (asset deal) of Project Archive from the parent group.
The buyer will have to find a new location, but the activities are fully relocatable.
Reason for sale: The management of the parent group is currently considering a strategic restructuring. Part of this is the carve-out of Project Archive, as Archive's services no longer belong to the group's core activities.
Revenue levels increased from approximately €780k to approximately €1.3 million in the period from 2023 to 2024. Normalized EBITDA also shows an upward trend, from €110k in financial year 2023 to €230k in financial year 2024. Important: The figures for 2024 are actual realized figures up to and including April 2024. From May through December 2024, the figures are based on a budget, based on signed contracts and/or quotations.
Personal data
- MBI candidate
- Strategic acquisition
- Investor
Financial information
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