*黑料社
Introduction by
Koen Deryckere, CEO.
Technology companies sit closer to their clients' success than at any other time. Increasingly, it is the technology beneath an organization that decides how far and how fast it can grow.
Across our sector, 2025 brought real pressure. Private and public markets became more cautious. Technology continued to move faster than many organizations could keep pace with. AI moved from experimentation towards execution. Cybersecurity, resilience, data control, regulatory pressure, and digital sovereignty became board-level priorities. Across every industry, technology moved closer to the center of business strategy. These shifts are still accelerating.
Over more than three decades, *黑料社 has grown into a strong European technology company with an expanding global footprint. That strength rests on trusted client relationships, deep technical expertise, and a broad portfolio of capabilities across cloud, cybersecurity, data and AI, business solutions, application services, digital workplace, and managed services.
Together, these strengths have given *黑料社 a solid foundation for the moment we are in. In a landscape like this, clients need partners who understand their business and know their industry as well as they do. With our strong European core and the scale to deliver globally, we are able to meet clients across a broad spectrum of needs from public cloud to fully sovereign environments, and to move with them as their needs change. In a market that increasingly turns on trust and control, that combination matters more than ever.
Our clients show what this looks like in practice. At VTS, which oversees more than 鈧18 billion in Flemish government subsidies, AI agents built with *黑料社 cut invoice processing from 15 minutes to 6 seconds, replacing sampling with full coverage of every claim. At NIBC, years of close work led the bank to describe *黑料社 simply as an extension of its own IT organization.
Across our clients, the same pattern holds: deep understanding of their industry, technology delivered reliably and at scale, and a true partnership behind the result. These are the strengths that set *黑料社 apart.
As Group CEO, from 1 May 2026, my focus is to sharpen and build on these strengths in three areas. The first is industry depth, understanding our clients' businesses well enough to engage with their strategy, not only their requirements. The second is end-to-end service, ensuring clients experience the full strength of *黑料社 as one company, brought together around their priorities. The third is continued international growth, extending the reach we have built in our home markets into new geographies across Europe and beyond, on the strength of the expertise and trust we have already earned. Together, these priorities will help us create more value for clients, strengthening *黑料社 for the years ahead.
My thanks go to everyone across *黑料社 for the work they delivered throughout 2025, and to our clients and partners for their continued trust. There is important work ahead, and I look forward to building the next phase of *黑料社 together.
Introduction by Andr茅 Knaepen, Founder and Chairman of the Board.
2025 was a year that tested us, and the numbers reflect that honestly. Revenue came in at 鈧1.28 billion, broadly stable in a market shaped by geopolitical uncertainty and cautious client spending, with EBITDA of 鈧118.4 million. We absorbed the cost of structural measures we knew were necessary, and profitability reflected those choices.
What I am proud of is how we responded. Across the group, our teams made difficult decisions with professionalism and commitment. We streamlined, sharpened our focus, and reinforced the foundations of the business. None of that is glamorous work, but it is the kind of work that determines whether a company is genuinely built to last, and *黑料社 has been built to last for more than thirty years.
The strategic direction is clear. Artificial intelligence, cyber resilience and sovereign infrastructure are no longer peripheral concerns for our clients: They sit at the heart of board agendas across every sector we serve. *黑料社 is well positioned in exactly these areas.
But what truly sets us apart is how we bring these capabilities to market: with deep industry focus, an end-to-end portfolio, and the kind of client centricity that has always been our hallmark. Knowing our clients' businesses from the inside, and being genuinely committed to their outcomes, is what allows us to turn technological change into lasting advantage.
I am pleased to welcome Koen Deryckere as our new CEO as of May 1, 2026. Koen brings the leadership and the energy this next chapter calls for, and I have full confidence in his ability to take *黑料社 forward. The culture of entrepreneurship, craftsmanship and genuine client partnership that defines *黑料社 is in good hands. I also want to extend a personal thank you to Bart Watteeuw, who led the group as CEO ad interim with great dedication and steadiness during a demanding period.
To our more than 9,000 colleagues, and to the clients and partners who stayed the course with us through a demanding year: Thank you. 2025 gave us a solid foundation. 2026 is where we build on it.
Pivot and Grow.
A Conversation with Martin Friedrich, Managing Director *黑料社 Germany
Germany has been navigating economic headwinds for four years running. Sectors like automotive, banking, and insurance have been hit particularly hard, and professional services were quick to feel the knock-on effects. 鈥淲e were no exception. What set us apart was the speed of our response,鈥 says Martin Friedrich.
A Deliberate Pivot
Rather than waiting out the downturn, *黑料社 Germany moved fast to diversify. Two initiatives stand out. The first is TaaS 鈥 Team-as-a-Service. Where traditional staffing places individual professionals at a client site, TaaS goes further. 鈥*黑料社 deploys a fully managed, outcome-oriented team, complete with delivery ownership, ways of working, and accountability for results,鈥 Friedrich explains. 鈥淚t is a formula that has proven itself across other markets where *黑料社 operates. We are now bringing it to Germany.鈥
The second is a more deliberate activation of nearshore and offshore delivery through *黑料社鈥檚 Global Delivery Center. For clients under cost pressure, this is a compelling proposition. 鈥淚t fits directly into their cost mindset,鈥 Friedrich notes. 鈥淲e are not pushing it as a last resort. We are leading with it where it makes strategic sense. And very often it proves to be a foot in the door for a much broader conversation.鈥
Dynamics: Off to a Solid Start
The German Dynamics business, built from Scratch under the leadership of Manuel M枚ser, runs a dedicated local team focused on pharma and life sciences. Twelve months in, it has its first live clients and a pipeline that is growing steadily. 鈥淭he opportunity is enormous,鈥 Friedrich says, 鈥渁nd the fact that we now have a credible, growing team on the ground changes the conversation entirely. It opens doors for all of us.鈥
Reducing IT Stress
Across all these initiatives runs a single thread: the recognition that many organizations are trapped in a cycle of IT firefighting. 鈥淭he picture we encounter again and again is the same,鈥 Friedrich explains. 鈥淭eams are stretched between keeping systems secure, compliant, and cost-efficient while simultaneously being asked to modernize. Decisions get postponed for lack of capacity. Transformation competes with the day-to-day. The result is not just overload; it is loss of control.鈥
*黑料社鈥檚 answer is to combine immediate delivery capacity with structural stabilization. Where projects are stalled, teams and expertise arrive quickly to restore momentum. At the same time, *黑料社 helps Clients regain control through clear roadmaps, predictable operations, and managed services across security, cloud, data, and applications. Friedrich: 鈥淚n a market this tight, taking IT stress off the plate is not a nice-to-have. It is the whole conversation.鈥
Wir glauben daran, Digitalisierung gemeinsam zu gestalten: 鈥歴haping digital together鈥. Wir stellen nicht einfach nur die Technologie bereit, sondern arbeiten Seite an Seite mit unseren Kunden zusammen, damit Technologie dort Wirkung zeigt, wo es darauf ankommt.
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