Trustteam NV
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Trustteam NV - overview
Established
2002
Location
Kortrijk, -, Belgium
Primary Industry
Software
About
Trustteam NV is a Belgian IT company that specializes in providing tailored 360° solutions for small and medium-sized enterprises, focusing on comprehensive IT products, managed services, and cybersecurity to enhance digital processes. Founded in 2002 and headquartered in Kortrijk, Belgium, Trustteam NV operates as an IT partner for SMEs, offering a range of IT services. The company was involved in a significant deal in June 2022, when Rivean Capital acquired a majority stake from Ardian, which supports its ongoing growth initiatives. The CEO, Pieter Spiesschaert, leads the firm as it has completed a total of 6 deals, with the most recent one taking place on June 21, 2022.
The company has raised a total of EUR 100. 00 mn through its latest funding round, a Buyout, supported by Ardian. Trustteam NV, through its brand Pure Trust, Pure IT, provides a comprehensive suite of IT products and services tailored for SMEs. Their offerings include consulting services, managed services, and cloud solutions such as hybrid and private cloud infrastructures, alongside advanced cybersecurity solutions designed to protect client data.
This diverse array of IT services is available across Belgium, France, the Netherlands, Luxembourg, and the broader European market, addressing the unique operational challenges faced by startups and SMEs. In the most recent financial year 2024, Trustteam NV reported a revenue of EUR 34,096,502. 10 and an EBITDA of EUR 10,174,404. 70, generated primarily through B2B transactions involving service agreements with clients for ongoing IT support and managed services.
Looking ahead, Trustteam NV plans to enhance its product offerings and expand its market presence. The company aims to introduce new tailored IT products designed for SMEs in the upcoming year. Additionally, following the acquisition by Rivean Capital, Trustteam NV will utilize the EUR 100. 00 mn raised to support organic growth initiatives and strategic acquisitions, further solidifying its position in existing markets while targeting expansion opportunities across Europe.
Current Investors
Gimv
Primary Industry
Software
Sub Industries
Education & Training Services, IT Security/Cybersecurity, Connectivity Software, Customer Relationship Management, Monitoring & Security Software
Website
www.trustteam.be
Verticals
Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Trustteam NV - timeline of key events
Trustteam NV - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 9,445,694 | 10,464,774 | 13,114,481 | 15,166,573 | 13,600,554 | 14,815,643 | 14,648,519 | 17,340,890 | 18,970,815 | 22,207,942 | 22,370,103 | 23,898,810 | - | - | - |
| % Revenue Growth (YoY) | - | 10.8% | 25.3% | 15.6% | (10.3%) | 8.9% | (1.1%) | 18.4% | 9.4% | 17.1% | 0.7% | 6.8% | - | - | - |
| EBITDA (USD) | 2,438,808 | 2,392,246 | 3,884,694 | 3,987,715 | 3,731,695 | 4,856,529 | 4,768,793 | 5,750,184 | 6,090,736 | 7,806,302 | 8,049,836 | 8,425,122 | - | - | - |
| Operating Income (USD) | 2,105,820 | 1,972,774 | 3,503,302 | 3,574,935 | 3,231,616 | 4,156,510 | 3,905,819 | 4,753,502 | 4,926,364 | 6,290,639 | 6,482,526 | 6,748,206 | - | - | - |
| Operating Margin | 22.3% | 18.9% | 26.7% | 23.6% | 23.8% | 28.1% | 26.7% | 27.4% | 26.0% | 28.3% | 29.0% | 28.2% | - | - | - |
| % EBITDA Margin | 25.8% | 22.9% | 29.6% | 26.3% | 27.4% | 32.8% | 32.6% | 33.2% | 32.1% | 35.2% | 36.0% | 35.3% | - | - | - |
| NET Income (USD) | 1,404,696 | 1,100,892 | 2,310,488 | 2,380,730 | 2,131,768 | 3,181,015 | 3,083,552 | 3,662,325 | 9,993,601 | 5,196,390 | 5,972,521 | 5,601,826 | - | - | - |
| % Net Margin | 14.9% | 10.5% | 17.6% | 15.7% | 15.7% | 21.5% | 21.1% | 21.1% | 52.7% | 23.4% | 26.7% | 23.4% | - | - | - |
Trustteam NV - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Announced | Trustteam NV | - | ||||||||
| Secondary Buyout | Completed | Trustteam NV | - | ||||||||
| Secondary Buyout | Completed | Trustteam NV | - | ||||||||
| Buyout | Completed | Trustteam NV | - |
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Trustteam NV - employee data
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