Banqup Group: Nicolas de Beco Steps Down as CEO, Koen De Brabander Appointed Interim
Banqup Group announced on Thursday the immediate departure of Nicolas de Beco from his role as CEO. Koen De Brabander has been appointed as the interim head of the management committee.
Nicolas de Beco, the permanent representative of Beco Global Consulting LLC, stepped down from his role as CEO of Banqup Group on Thursday, May 28, 2026, by mutual agreement. Koen De Brabander, the permanent representative of Debrako BV, was immediately appointed as the interim president of the management committee. In this capacity, he leads the executive team and serves as the primary liaison with the board of directors on operational management matters.
Operational Continuity and Strategic Context
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The executive team ensures the continuity of operations and the execution of the company's strategy. Peter Mulroy, chairman of the board, expressed his gratitude to Nicolas de Beco for the transformation carried out at Banqup, including the implementation of electronic billing in Belgium and positioning the company to capitalize on regulatory opportunities in the market. He stated his full confidence in Koen De Brabander and the executive team to continue this work.
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 25,8 millions d'euros
Quarterly revenue: 25,8 millions d'euros
Revenue growth: 5,7 %
EBITDA margin: -28,3 %
Net income: -12,3 millions d'euros
46,1 millions d'euros
Guidance from the release
The Company confirms its guidance for ARR digital revenue growth of 25-30% by year-end and maintains its guidance on adjusted EBITDA to be appr. 3% of revenue
Risks mentioned
Endettement financier net élevé de 46,1 M€ au 30 juin 2026
Augmentation du taux d'intérêt PIK de la facilité senior de 8,00 % à 10,50 %
Baisse de 36,7 % du chiffre d'affaires de la communication traditionnelle
Opportunities identified
Croissance de 42,3 % du chiffre d'affaires d'abonnement tirée par la facturation électronique en Belgique
Déploiement obligatoire de la facturation électronique en France à partir de septembre 2026
Traction accrue en Allemagne suite à la confirmation du déploiement réglementaire dès janvier 2027
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
