Investors
Investor relations
Terravek is privately held. This page exists for shareholders, prospective investors and anyone assessing our financial stability as a supplier.
Terravek Systems N.V. is not listed and has no publicly traded securities. We publish audited annual accounts because customers reasonably want to know that a supplier they are depending on for a decade will still be there.
FY2025 at a glance
€148.6MRevenue, +18.4%
71%Subscription share of revenue
114%Net revenue retention
17.4%R&D as share of revenue
742Employees at year end
Five-year summary
| Financial year | Revenue | Growth | Subscription share | Employees | R&D % revenue |
|---|---|---|---|---|---|
| FY2025 | €148.6M | +18.4% | 71% | 742 | 17.4% |
| FY2024 | €125.5M | +21.7% | 64% | 700 | 17.1% |
| FY2023 | €103.1M | +19.3% | 58% | 640 | 16.8% |
| FY2022 | €86.4M | +24.0% | 51% | 598 | 16.2% |
| FY2021 | €69.7M | +31.5% | 43% | 560 | 15.9% |
Figures are group consolidated and audited except where stated. FY2021 growth includes the Cardinal Grid acquisition from 14 June 2021.
Ownership
| Holder | Type | Holding |
|---|---|---|
| Founders (S. Bakhuis, M. Vroegh) | Ordinary shares | 34.2% |
| Nordkap Ventures | Preference shares (Series A) | 21.8% |
| Meridiaan Groeifonds | Preference shares (Series B) | 14.5% |
| Employee share participation plan | Ordinary shares | 9.1% |
| Other (angels, early employees, Photonwerk vendors) | Ordinary shares | 20.4% |
Governance
Two-tier board under Dutch law. Six-member Supervisory Board, five of them independent, with Audit, Remuneration, Technology, ESG and Nomination committees. Governance · Supervisory Board
Financial calendar
| Date | Event |
|---|---|
| 16 July 2026 | H1 2026 interim results published |
| 22–23 September 2026 | Terravek Summit 2026, Delft |
| November 2026 | FY2027 operating plan approved by the Supervisory Board |
| March 2027 | FY2026 annual report and shareholder briefing |
| April 2027 | Annual General Meeting, Delft |