Annual Report 2025

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, Cegeka 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 Cegeka 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 €18 billion in Flemish government subsidies, AI agents built with Cegeka 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 Cegeka 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 Cegeka 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 Cegeka 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 Cegeka for the years ahead.  
 
My thanks go to everyone across Cegeka 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 Cegeka together. 

2025 was a year that tested us, and the numbers reflect that honestly. Revenue came in at €1.28 billion, broadly stable in a market shaped by geopolitical uncertainty and cautious client spending, with EBITDA of €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 Cegeka 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. Cegeka 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 Cegeka forward. The culture of entrepreneurship, craftsmanship and genuine client partnership that defines Cegeka 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.