Press releases

Elysia wins 6th edition of Deloitte’s Technology Fast 50

Brussels based fintech company Keyrock voted Rising Star

Brussels, Belgium – 14 November 2019

Elysia came out on top in Deloitte’s 2019 Technology Fast 50, the list of the fifty fastest-growing technology companies in Belgium. In the past four years, Angleur-based Elysia has recorded an impressive 2857,57%. growth in sales. Keyrock was named this year’s Rising Star. The Fast 50 and Rising Star winners were honoured during the awards ceremony and gala dinner that took place after the Fast 50 Business Forum, the innovation and technology networking event for Belgium’s disruptor community.

Elysia winner of Deloitte’s Technology Fast 50 and Healthcare and Life sciences category

With 2857,57% growth in sales over the past four years, Elysia not only took the top spot in the overall Fast 50 ranking, but also received the award for fastest growth in the Healthcare and Life sciences category. Elysia develops instruments used in radioactivity measurement and quality control. They work in close collaboration with radiopharmaceutical and cyclotron providers to develop new products and improve existing solutions. 

François Moonen, CEO of Elysia: “We are very honored to be recognized as the fastest growing company this year. Our growth has been achieved thanks to our international mindset, the support of our shareholders in the purchasing of a German competitor and our strategy to think solutions and not only equipment. Radiopharmaceuticals are essential products to help physicians in the diagnosis and treatment of cancers. Being part of this value chain makes us very proud.”

The company ranked second with a growth of 2289,23% is also a Walloon-based company, Sortlist, which has its headquarters in Wavre. Ghent-based Silverfin came in third with a growth of 2132,07%. Ghent-based Showpad won the award for ‘Most Sustainable Growth’, which is presented to the Fast 50 contestant that made it into the ranking all of the previous years.

Nikolaas Tahon, Managing Partner Deloitte Private and Programme Leader Deloitte's Technology Fast 50: “Deloitte’s Technology Fast 50 shows that tremendous growth rates are still possible. Year after year the finalists demonstrate great strengths, a consistent strategy implementation and an international business development approach and quality. Belgian entrepreneurs are at the forefront of innovation and play an important role in the economic development of our country. We are proud to be standing alongside them, celebrating their achievements and encouraging their future growth.”

Sector award categories

Deloitte’s Technology Fast 50 also celebrates the fastest-growing companies in seven different sectors. In addition to the Healthcare and Life sciences category, which was won by Elysia, awards were presented to the fastest grower in the Communications, Environmental Technology, Fintech, Hardware, Software and Media and Entertainment.

Cogengreen, a company based in Gembloux that created a system that can simultaneously produce heat and electricity, won the award for fastest grower in the Environmental Technology category. Leuven-based Codabox, who is transforming the world of accounting as market leader in CODA, topped the list for Fintech, while THEO Technologies that facilitates video experience on any platform or device, went home with the award for the Media and Entertainment sector. Sortlist, a company focusing on a matchmaking platform that links companies to the ideal (digital) marketing or communication agency, emerged as the fastest growing company in the Software sector, the award for Communications went to Level27, a company in Bilzen that supports companies to build better applications and websites. The award for fastest grower in the Hardware category went to the Leuven-based Octinion, a R&D company specialized in mechatronic product development applied to biological material.

Fintech company Keyrock is the Rising Star

The Rising Star 2019 was selected from the ten most promising companies that have been in business for less than four years. An independent jury, chaired by Duco Sickinghe, CEO of Fortino, assessed the investor pitch of each company based on the scalability of its business concept, overall market potential, management quality and the disruptive power of its innovation. The Rising Star winner was Keyrock, a company that develops a software that allows to easily provide liquidity to all financial markets, using self-adapting liquidity algorithms and an intuitive user interface. 

Kevin de Patoul, CEO of Keyrock: “This is a great recognition of all the work we’ve been doing over the past two years, with a team of almost 20 people, developing our vision of the capital market. As any entrepreneur, we’re very optimistic about what lies ahead of us, and about the technological developments and disruptions that are happening in our market segment. Looking forward to all future opportunities!”

Magic Instruments, a company specialised in the design of semiconductor chips and machine learning based smart sensors, was named Most Disruptive Innovator. This award recognises the Rising Star nominee that has developed the most revolutionary concept or product within a specific technology segment.

“The quality of the start- and scale-ups that we had the pleasure of meeting this year is the best since the launch of Deloitte’s Technology Fast 50 five years ago in Belgium,” said Tahon. “The ingenuity and commitment of all the organisations made it very difficult to select only 10 to go through to the final round of the Rising Star competition. We expect to see most, if not all, of the companies achieve success in the near future.”

Business Forum

At the Business Forum, the Fast 50 and Rising Star finalists had the opportunity to showcase their products or services at the networking fair. Deloitte also organised for the second time a matchmaking session. Through these networking sessions, Deloitte brought together start-ups with the CEOs of corporations and family-owned and run companies to expand the networks of the technology entrepreneurs. Deloitte aims to stimulate cross-fertilisation and encourage technological innovation here in Belgium even more.

In addition to topical breakout sessions, the afternoon programme featured keynote speeches by Tammy Erickson, adjunct Professor at the London Business School who shared her story on the Future of Work, and Vlerick Business School professor Veroniek Collewaert who presented the Rising Star Monitor 2019 report: ‘A Special Focus on Venture Governance’ that provides a dynamic view on scale-up practices. The event was attended by start-ups, fast-growing and innovative tech companies, incubators and accelerators, venture capitalists, trend watchers and large companies.

“While the awards and celebrating the achievements of the Fast 50 participants is important, Deloitte’s Technology Fast 50 is more than a competition,” said Nikolaas Tahon. “Our aim is to build a community and offer all of its members the opportunity to build their network, share best practices and deepen their knowledge of business critical topics. Since its launch in 2014, the Fast 50 Business Forum has proven to be an important element of the programme. This year over 200 tech companies, Fast 50 partners and representatives from the world of innovation, technology and investment attended the event to share experiences and prepare for growth opportunities.”

About Deloitte Technology Fast 50

The 2019 Belgian Deloitte Technology Fast 50 competition was organised in association with Oracle/Netsuite, Fortino Capital and Vlerick Business School. For more information, visit

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