What does DELIVERECT do?

DELIVERECT is an IT company in Gent. Public Limited, started on 15 March 2018, 1 establishment.

What is the address of DELIVERECT?

The registered office of DELIVERECT is located at Foreestelaan 82 box 101, 9000 Gent.

Is DELIVERECT still active?

Yes. According to the CBE (29 October 2026) DELIVERECT is active, legal situation “Normale toestand”, started on 15 March 2018.

Is DELIVERECT registered on Peppol?

Yes, DELIVERECT is registered on the Peppol network with ID 0208:0692623253.

What is the enterprise number of DELIVERECT?

The enterprise number of DELIVERECT is BE0692623253.

When was DELIVERECT founded?

DELIVERECT was founded on 15 March 2018.

Who are the directors of DELIVERECT?

According to the 2025 annual accounts, the directors of DELIVERECT are: Benton Geidt Elliot, Jan Georges Hollez, Saar Pikar, Zhong Yuan Xu, Tony Weisman, Ouzia BV.

Is DELIVERECT a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 15 March 2018; 5 annual accounts filed, latest fiscal year 2025; 6 directors known from the annual account.

How much profit did DELIVERECT make in 2025?

DELIVERECT recorded a loss after taxes of € 17,825,373 in financial year 2025.

What is the revenue of DELIVERECT?

In its most recent annual accounts (2025), DELIVERECT reported revenue of € 41,193,281.

How much does an employee at DELIVERECT earn?

The average wage cost per full-time employee at DELIVERECT was € 117,700 in 2025: staff costs of € 8.9 million for 75.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does DELIVERECT have?

According to the 2025 annual accounts, DELIVERECT has 75.7 full-time equivalents (FTE).

DELIVERECT (Public Limited) - Gent - BE0692623253

Dossier DELIVERECT, printed on 29 October 2026 from databakkes.be/en/0692623253/deliverect. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Shrinking team NBB

FTE fell two years in a row, from 104.4 to 75.7.

Financials

Financial year 2025

DELIVERECT from Gent, company number BE0692623253, closed financial year 2025 with a result of € -17.8 million after tax. For that financial year DELIVERECT recorded revenue of € 41.2 million and equity of € 57.3 million. Compared with financial year 2024, the result moved from € -19.5 million to € -17.8 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.

What it is worth Healthy

€ 57.3 million

▼ 24% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -17.8 million

▲ 9 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 25.3 million

▲ 50% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -37.4 million.

People and assets in 2025

Full-time equivalents

75.7

▼ 18.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 48.4 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 8.9 million

▼ 14% vs 2024

€ 117,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 86,761

▼ 48% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 3.2 million

▲ 26% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 24 days on average.

Taxes and wages

€ 1.5 million

▲ 12% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 14,528,605 Revenue 2022: € 14,528,605 First fiscal year in the series	€ 24,378,092 Revenue 2023: € 24,378,092 ▲ 68% vs 2022 (€ 14,528,605) Favourable step	€ 33,784,384 Revenue 2024: € 33,784,384 ▲ 39% vs 2023 (€ 24,378,092) Favourable step	€ 41,193,281 Revenue 2025: € 41,193,281 ▲ 22% vs 2024 (€ 33,784,384) Favourable step	▲ 22%
Profit after taxes	€ -43,130,845 Profit after taxes 2022: € -43,130,845 First fiscal year in the series	€ -27,749,612 Profit after taxes 2023: € -27,749,612 ▲ € 15.4 million vs 2022 (€ -43,130,845) Favourable step	€ -19,549,651 Profit after taxes 2024: € -19,549,651 ▲ € 8.2 million vs 2023 (€ -27,749,612) Favourable step	€ -17,825,373 Profit after taxes 2025: € -17,825,373 ▲ € 1.7 million vs 2024 (€ -19,549,651) Favourable step	▲ € 1.7 million
Equity	€ 117,301,611 Equity 2022: € 117,301,611 First fiscal year in the series	€ 90,440,407 Equity 2023: € 90,440,407 ▼ 23% vs 2022 (€ 117,301,611) Unfavourable step	€ 75,128,665 Equity 2024: € 75,128,665 ▼ 17% vs 2023 (€ 90,440,407) Unfavourable step	€ 57,313,096 Equity 2025: € 57,313,096 ▼ 24% vs 2024 (€ 75,128,665) Unfavourable step	▼ 24%
Total debts	€ 7,964,316 Total debts 2022: € 7,964,316 First fiscal year in the series	€ 8,992,928 Total debts 2023: € 8,992,928 ▲ 13% vs 2022 (€ 7,964,316) Unfavourable step	€ 15,545,408 Total debts 2024: € 15,545,408 ▲ 73% vs 2023 (€ 8,992,928) Unfavourable step	€ 18,536,330 Total debts 2025: € 18,536,330 ▲ 19% vs 2024 (€ 15,545,408) Unfavourable step	▲ 19%
Cash	€ 107,953,917 Cash 2022: € 107,953,917 First fiscal year in the series	€ 8,080,051 Cash 2023: € 8,080,051 ▼ 93% vs 2022 (€ 107,953,917) Unfavourable step	€ 16,884,326 Cash 2024: € 16,884,326 ▲ 109% vs 2023 (€ 8,080,051) Favourable step	€ 25,318,587 Cash 2025: € 25,318,587 ▲ 50% vs 2024 (€ 16,884,326) Favourable step	▲ 50%
Retained profit	€ -71,651,542 Retained profit 2022: € -71,651,542 First fiscal year in the series	€ -99,401,154 Retained profit 2023: € -99,401,154 ▼ € 27.7 million vs 2022 (€ -71,651,542) Unfavourable step	€ -19,549,651 Retained profit 2024: € -19,549,651 ▲ € 79.9 million vs 2023 (€ -99,401,154) Favourable step	€ -37,375,024 Retained profit 2025: € -37,375,024 ▼ € 17.8 million vs 2024 (€ -19,549,651) Unfavourable step	▼ € 17.8 million
Bank debt	€ 28,205 Bank debt 2022: € 28,205 First fiscal year in the series	€ 0 Bank debt 2023: € 0 ▼ 100% vs 2022 (€ 28,205) Favourable step	€ 0 Bank debt 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Bank debt 2025: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 125,265,927 Balance sheet total 2022: € 125,265,927 First fiscal year in the series	€ 99,433,335 Balance sheet total 2023: € 99,433,335 ▼ 21% vs 2022 (€ 125,265,927) Unchanged	€ 90,674,073 Balance sheet total 2024: € 90,674,073 ▼ 9% vs 2023 (€ 99,433,335) Unchanged	€ 75,849,426 Balance sheet total 2025: € 75,849,426 ▼ 16% vs 2024 (€ 90,674,073) Unchanged	▼ 16%
Employees (FTE)	126.9 Employees (FTE) 2022: 126.9 First fiscal year in the series	104.4 Employees (FTE) 2023: 104.4 ▼ 22.5 vs 2022 (126.9) Unchanged	93.8 Employees (FTE) 2024: 93.8 ▼ 10.6 vs 2023 (104.4) Unchanged	75.7 Employees (FTE) 2025: 75.7 ▼ 18.1 vs 2024 (93.8) Unchanged	▼ 18.1

Key figures of DELIVERECT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to DELIVERECT?

What happened at DELIVERECT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Saar Pikar stepped down as director. NBB
2030 Ouzia BV stepped down as director. NBB
2027 Jan Georges Hollez stepped down as director. NBB
2027 Zhong Yuan Xu stepped down as director. NBB
2027 Benton Geidt Elliot stepped down as director. NBB
Jul 16, 2026 New annual accounts for financial year 2025: loss of € 17.8 million. Source: NBB ↗
2026 Saar Pikar became a director. NBB
2025 Tony Weisman stepped down as director. NBB

In short

From € 43.1 million loss in 2022 to € 17.8 million loss in 2025.

Paid € 21,500 in corporate taxes since 2022.

Pays suppliers within 24 days on average.

Original PDFs at the National Bank ↗

Management

Lightspeed POS Belgium 5.4%

The stake of Lightspeed POS Belgium comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

DELIVERECT

Deliverect Germany GMBH 100%

Deliverect FZ LLC 100%

Deliverect UK 100%

Tabesto SAS 100%

The shares are held by Lightspeed POS Belgium (5.4%). It owns 100% of Deliverect Germany GMBH, 100% of Deliverect FZ LLC, 100% of Deliverect UK, 100% of Tabesto SAS, 100% of 83CF Holding ltd. and 100% of Deliverect INC itself.

Directors

According to the 2025 annual accounts

Benton Geidt Elliot

Director

since 2021 · until 2027

Jan Georges Hollez

Director

since 2021 · until 2027

Saar Pikar

Director

since 2026 · until 2031

Zhong Yuan Xu

Managing director

since 2021 · until 2027

Tony Weisman

Director

since 2024 · until 2025

Ouzia BV

Chairman of the board · represented by Alexander van de Rostyne

since 2024 · until 2030

Shareholders

Lightspeed POS Belgium

5.4%

Participations

Deliverect Germany GMBH

100%

Deliverect FZ LLC

100%

Deliverect UK

100%

Tabesto SAS

100%

83CF Holding ltd.

100%

Deliverect INC

100%

Deliverect Inc CAD

100%

Deliverect BV

100%

Deliverect Australia pty ltd

100%

Deliverect Technologies Morocco

100%

Deliverect France SA par Action simplifée a Associé unique

100%

Deliverect ES

100%

Deliverect Mexico S de R.L de C.V.

90%

Establishments

Establishment units

Physical locations of this company

Registered office

Foreestelaan 82 box 101

9000 Gent

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

Vereniging van mede-eigenaars forum gebouw A3 - PAX te Gent, Foreestelaan 82

Deliverect Foundation

Dealside

€ -430,596 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0692.623.253

VAT number

BE 0692.623.253

Registered office

Foreestelaan 82 bus 101, 9000 Gent

Names & denominations

DELIVERECT

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

15 March 2018

Peppol

Active · Active since 24 Dec 2025

Activities · NACE

Ontwerpen van computerprogramma’s

Ontwerpen en programmeren van computerprogramma's

Overige diensten op het gebied van informatietechnologie en computer

Detailhandel in ICT-apparatuur

Overige dienstverlenende activiteiten op het gebied van informatie

Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten

Beheer van computerfaciliteiten

Computerconsultancy-activiteiten

View on CBE Public ↗ Annual accounts (NBB) ↗

DELIVERECT

Warning lights

Financials

What happened to DELIVERECT?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions