The company operates through two segments: Business Solutions (providing IT technology, management and system design) and Venture Capital. The Next-Gen segment delivers IT consulting to banks, insurance, capital markets, and telecommunications industries under the Celfocus brand, while the Value Portfolio manages venture capital activities.
Cyborg Score Rationale
2024 revenue was €134.19M, a modest 1.23% increase, but earnings declined 86.36% to €6.42M, signaling profitability challenges despite stable top-line growth.
Top Insights
Market-leading position in Portugal's IT consulting and services sector with multi-country operations
Dual business model combining high-margin consulting services with venture capital portfolio
Revenue stagnation (1.23% YoY growth in 2024) indicates market saturation or competitive pressures
Significant earnings deterioration (86% decline in 2024 net income) suggests cost management or project profitability issues
Named Competitors
IT Consulting Services — Global IT consulting and digital transformation
IT Consulting Services — European IT and business consulting
IT Services — Novabase's telecom/fintech specialist brand
Recent Developments
(February 2026) Q4 2025 earnings expected (scheduled for Feb 24, 2026)
(2024) Revenue €134.19M with modest 1.23% growth; earnings decline of 86.36% to €6.42M
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