The company has issued more shares over this period, which dilutes each existing shareholder’s stake.
Diluted shares outstanding: 32.8M (2021) → 37.1M (2025)
Banqup Group SA operates as a fintech firm, developing and managing a cloud-based platform that provides administrative and financial solutions both within Belgium and internationally. This platform facilitates dynamic interaction among its clients, their suppliers, those suppliers' customers, and other key entities within the financial ecosystem. The company operates through three principal segments: Digital Services, Traditional Communications Services, and Corporate. Its robust technological suite offers integrated business combination solutions, grounded in documents, identity management, and payment systems. Key offerings include e-trust, e-invoicing, e-payments, e-reporting, and value-added financial services. Additionally, it engages in the optimization of post and parcel activities. Banqup Group serves a diverse clientele, encompassing large corporations, governmental bodies, small and medium-sized enterprises (SMEs), and specialized sectors such as agriculture, accounting, interim services, and construction. Established in 2001, Banqup Group SA, which was formerly Unifiedpost Group SA until its name change in May 2025, is headquartered in La Hulpe, Belgium.
When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.
-17.1% YoY
YoY Growth Rate
Revenue declining
+5.8% YoY
YoY Growth Rate
Slow EPS growth
€5M/ year
↓ Declining (-71% vs prior year)
9.4% of revenue
Below sector average (15%)
R&D spend declining — could signal cost-cutting or efficiency
~4 years
€122M cash & investments
Quarterly Free Cash Flow
↑ Burn rate improving
€122M cash & investments at current burn rate
Banqup's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.
The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.
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Negative ROIC means the business is losing money on every dollar invested in it.
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Earnings per share down more than 10%. Either a bad year, or a real decline.
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Free cash flow is negative. They are burning cash, not generating it.
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See every metric, trend, and what it means for this stock.
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