ACTIVE

DELIVERECT

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Financial year 2025 · closed on 31/12/2025
Net result
-17,8 M €
+8.8% YoY
Revenue
41,2 M €
+21.9% YoY
Equity
57,3 M €
-23.7% YoY
Workforce
75,7 ETP
-19.3% YoY

What does DELIVERECT do?

DELIVERECT is a Public limited company incorporated in 2018. Its main activity is: Computer programming activities. Its registered office is in Gent. It employs on average 75,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0692.623.253
Incorporation
15/03/2018
Legal form
Public limited company
Registered office
Foreestelaan 82 box 101
9000 Gent · FlandreSee on map
Contributed capital
94 688 120,00 €
Latest accounts
31/12/2025
Average workforce
75,7 ETP
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities47400Retail sale of information and communication equipment in specialised stores47410Retail sale of computers, peripheral units and software in specialised stores62020Computer consultancy activities62030Computer facilities management activities+5
Joint committees (1)
  • 200
Signals
Solid equityLow riskGood liquidityHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192019
Income statement
Revenue41,2 M €33,8 M €24,4 M €14,5 M €––––
EBITDA-6,9 M €-13,8 M €-23,1 M €-41,2 M €-21,0 M €-5,7 M €-1,5 M €-295,9 k €
Operating result-16,5 M €-21,6 M €-30,3 M €-42,7 M €-20,9 M €-5,7 M €-1,5 M €-299,1 k €
Net result-17,8 M €-19,5 M €-27,7 M €-43,1 M €-20,9 M €-5,8 M €-1,5 M €-299,6 k €
Balance sheet
Equity57,3 M €75,1 M €90,4 M €117,3 M €41,5 M €12,1 M €1,6 M €3,1 M €
Total assets75,8 M €90,7 M €99,4 M €125,3 M €46,3 M €14,7 M €2,3 M €3,4 M €
Cash25,3 M €16,9 M €8,1 M €108,0 M €37,1 M €12,0 M €1,9 M €3,2 M €
Debts13,4 M €11,3 M €5,9 M €6,4 M €4,1 M €1,7 M €340,5 k €82,7 k €
Other
Workforce75,7 ETP93,8 ETP104,4 ETP126,9 ETP80,3 ETP39,2 ETP–3,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 25 ended

Active mandates

Saar Pikar

Director · since 31 janvier 2026 · until 30 mai 2031

Active
Tony Weisman

Director · since 05 novembre 2024 · until 27 novembre 2025

Active
OUZIA

Chairman of the board of directors · since 13 février 2024 · until 31 mai 2030 · 0727.858.801

Represented by Alexander van de Rostyne

Active
Zhong Yuan Xu

Managing director · since 27 avril 2021 · until 27 avril 2027

Active
Benton Geidt Elliot

Director · since 20 avril 2021 · until 20 avril 2027

Active
Jan Georges Hollez

Director · since 20 avril 2021 · until 27 avril 2027

Active

Ended mandates

Tony Weisman

Director · since 05 novembre 2024 · until 26 mai 2028

Ended
OUZIA

Chairman of the board of directors · since 13 février 2024 · until 16 décembre 2028 · 0727.858.801

Represented by Alexander van de Rostyne

Ended
SWUNG

Chairman of the board of directors · since 16 décembre 2022 · until 13 février 2024 · 0870.408.516

Represented by Alexander Van De Rostyne

Ended
SWUNG

Director · since 16 décembre 2022 · until 16 décembre 2028 · 0870.408.516

Represented by Alexander Van De Rostyne

Ended
At this address

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0770.651.439
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0757.520.114
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/07/202619/06/202514/06/202408/09/202306/12/202207/09/2021
General meeting15/07/202630/05/202531/05/202407/08/202330/08/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202515/07/202616/07/2026DutchPDF
Full model31/12/202430/05/202519/06/2025DutchPDF
m120-f-p31/12/202430/05/202519/06/2025DutchPDF
Full model31/12/202331/05/202414/06/2024DutchPDF
Full model31/12/202207/08/202308/09/2023DutchPDF
Abridged modelCorrection31/12/202130/08/202206/12/2022DutchPDF
Abridged model31/12/202130/08/202231/08/2022DutchPDF
Abridged modelCorrection31/12/202028/05/202107/09/2021DutchPDF
Abridged model31/12/202028/05/202105/08/2021DutchPDF
Micro model31/12/201929/05/202002/09/2020DutchPDF
Abridged model31/03/201931/05/201930/09/2019DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 25 ended

Active mandates

Saar Pikar

Director · since 31 janvier 2026 · until 30 mai 2031

Active
Tony Weisman

Director · since 05 novembre 2024 · until 27 novembre 2025

Active
OUZIA

Chairman of the board of directors · since 13 février 2024 · until 31 mai 2030 · 0727.858.801

Represented by Alexander van de Rostyne

Active
Zhong Yuan Xu

Managing director · since 27 avril 2021 · until 27 avril 2027

Active
Benton Geidt Elliot

Director · since 20 avril 2021 · until 20 avril 2027

Active
Jan Georges Hollez

Director · since 20 avril 2021 · until 27 avril 2027

Active

Ended mandates

Tony Weisman

Director · since 05 novembre 2024 · until 26 mai 2028

Ended
OUZIA

Chairman of the board of directors · since 13 février 2024 · until 16 décembre 2028 · 0727.858.801

Represented by Alexander van de Rostyne

Ended
SWUNG

Chairman of the board of directors · since 16 décembre 2022 · until 13 février 2024 · 0870.408.516

Represented by Alexander Van De Rostyne

Ended
SWUNG

Director · since 16 décembre 2022 · until 16 décembre 2028 · 0870.408.516

Represented by Alexander Van De Rostyne

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares02/09/2026
    KAPITAAL, AANDELEN
    PDF
  • Capital / shares27/08/2026
    KAPITAAL, AANDELEN
    PDF
  • Other18/08/2026
    DIVERSEN
    PDF
  • Capital / shares04/03/2026
    KAPITAAL - AANDELEN
    PDF
  • Mandates27/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares03/09/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Capital / shares22/05/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 27/02/2026
    augmentation_capital
  2. 31/01/2026
    nominationSaar Pikar — bestuurder
  3. 2025
    Annual accounts 2025-17,8 M €↑
  4. 29/08/2025
    augmentation_capital
  5. 16/05/2025
    augmentation_capital
  6. 28/02/2025
    augmentation_capital
  7. 2024
    Annual accounts 2024-19,5 M €↑
  8. 05/11/2024
    nominationWEISMAN Tony Gerald — bestuurder
  9. 05/11/2024
    augmentation_capital
  10. 27/08/2024
    augmentation_capital
  11. 31/05/2024
    nominationOuzia BV — bestuurder en voorzitter van de Raad van Bestuur
  12. 31/05/2024
    nominationPwC Bedrijfsrevisoren BV — commissaris
  13. 05/03/2024
    augmentation_capital
  14. 13/02/2024
    nominationOUZIA BV — bestuurder
  15. 2023
    Annual accounts 2023-27,7 M €↑
  16. 28/06/2023
    split
  17. 2022
    Annual accounts 2022-43,1 M €↓
  18. 22/08/2022
    nominationJan Hollez — gedelegeerd bestuurder
  19. 2021
    Annual accounts 2021-20,9 M €↓
  20. 2020
    Annual accounts 2020-5,8 M €↓
  21. 2019
    Annual accounts 2019-1,5 M €↓
  22. 2019
    Annual accounts 2019-299,6 k €
  23. 15/03/2018
    IncorporationPublic limited company