The NRB Group

What The NRB Group does

The NRB Group, operating under the KEYES brand, is a Belgian digital solutions and IT services provider founded in 1986 and headquartered in Hertsal, Liège, with 3,700 employees and three sovereign data center campuses located entirely in Belgium under European jurisdiction. The company operates across seven interconnected solution areas: Infrastructure & Cloud, Cybersecurity, Mainframe modernization, Business Software, Data & AI, Advisory, and Staffing, serving large organizations, healthcare organizations, the public sector, and SMEs.

Revenue is generated through professional IT services, including project-based consulting engagements, managed services contracts, and staffing augmentation, with bespoke, quote-based pricing for complex enterprise and public-sector mandates. The go-to-market is primarily direct enterprise sales with a consultative motion, supplemented by a corporate website, careers portal, and selective social media presence. The NRB Group is a wholly-owned subsidiary of Ethias, a Belgian insurance company, and positions itself as a trusted long-term partner for organizations requiring digital transformation, sovereignty, and regulatory compliance. In 2026 the company has publicly moved on multiple strategic fronts, including a partnership with Cegeka Group for national critical infrastructure, leadership expansion including a Chief Innovation and Technology Officer, a Chair role at Agoria's Digital Industries Committee, and involvement in the Einstein Telescope scientific project.

Name

The NRB Group

Legal name

NRB Group

Website

https://nrbgroup.be

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

1–10 employees

Short description

The NRB Group, operating as KEYES, is a Belgian IT services and digital solutions provider with 3,700 employees and three sovereign data center campuses, serving large organizations, healthcare, public sector, and SMEs across infrastructure, cybersecurity, mainframe, and AI.

Ownership category

akta.pro rank

Product category

IT Services and Consulting

NAICS

Computer Systems Design and Related Services (54151), Computer Systems Design and Related Services (5415), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Compliance Technology, GRC Platforms & Controls Automation Advisory (BPAHAFAO)

akta.pro secondary industry

Governance, Risk & Compliance (GRC) Platforms (BPAEAPAA)

Keywords

• IT infrastructure services
• Cybersecurity consulting
• Cloud managed services
• Digital transformation services
• Mainframe modernization

Headquarters

HQ city

Belgium

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. IT Services and Consulting: KEYES generates revenue through professional IT services including infrastructure management, cybersecurity, mainframe modernization, business software implementation, data and AI solutions, advisory services, and IT staffing. As a full-service digital transformation consultancy, revenue is derived from project-based engagements, managed services contracts, and consulting engagements with both private and public sector organizations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

The NRB Group (operating as KEYES) delivers end-to-end IT services and digital transformation solutions across seven solution areas: Infrastructure & Cloud, Cybersecurity, Mainframe, Business Software, Data & AI, Advisory, and Staffing. These services are operated from three sovereign and resilient data centre campuses in Belgium, with data hosted exclusively under European jurisdiction.

Product overview

KEYES operates as a multi-solution digital services provider, offering a portfolio of seven interconnected service areas delivered across three sovereign and resilient data centre campuses in Belgium. The offerings span Infrastructure & Cloud (managed IT environments), Cybersecurity (risk and continuity management), Mainframe (modernisation services), Business Software (application unification), Data & AI (intelligence transformation), Advisory (strategic consulting), and Staffing (IT project augmentation). The company serves large organisations, healthcare organisations, public sector, and SME segments with a focus on digital sovereignty under European jurisdiction.

Differentiator

Problem solved

Functional benefit

Products and services

• Infrastructure & Cloud Managed secure and high-performing IT environment solutions offering simplicity, flexibility, and a highly available and scalable infrastructure. Operated from three sovereign and resilient data centre campuses in Belgium under European jurisdiction. Targets large organisations, healthcare organisations, public sector, and SMEs.
• Cybersecurity Services that strengthen the maturity, security, and resilience of organisations to effectively manage cyber risks and ensure continuity of all operations. Targets organisations requiring cyber risk management and operational resilience.
• Mainframe Mainframe modernisation services delivering scalability, resilience, sovereignty, and security to fully leverage a reliable, certified, and high-performance mainframe environment. Targets enterprises running legacy mainframe workloads.
• Business Software Application unification solutions that enable organisations to manage their operations with efficiency, agility, and consistency. Targets organisations seeking to consolidate and harmonise business applications.
• Data & AI Data transformation and artificial intelligence solutions that convert data into intelligence to steer, optimise, and innovate. Includes generative AI, predictive analytics, and process automation capabilities. Targets organisations seeking data-driven decision-making and innovation.
• Advisory Strategic consulting combining strategic vision, operational excellence, and sovereign control over technology for business transformation. Targets organisations undertaking large-scale digital transformation initiatives.
• Staffing IT project augmentation services bringing expertise, agility, and sustainable value to strengthen projects from within. Targets organisations needing specialist IT talent for project-based engagements.

Quantifiable outcome

• 3 campuses of sovereign and resilient data centres ensuring business continuity
• +1 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Cegeka GroupcoreStrategic or Co-development Partner · 27 May 2026Cegeka Group and KEYES entered into a strategic partnership to strengthen Belgium's critical national infrastructure. This alliance combines the expertise of both organizations to enhance national cybersecurity and digital resilience for Belgium's critical infrastructure sectors.
• EthiascoreOthersEthias is the parent company of KEYES. KEYES is branded as 'An Ethias Company' indicating ownership/investment relationship. Ethias is a Belgian insurance company that owns the KEYES digital solutions subsidiary.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• CGI Group: Global IT and business consulting services firm with substantial Belgian operations, particularly in public sector and regulated industries. Comparable consulting-led, multi-solution delivery model targeting enterprise and government clients.
• Capgemini: Global IT services leader with deep Belgian operations through its acquisition of Altran and local engineering presence. Overlaps with KEYES on cloud, cybersecurity, data/AI, and public sector engagements, though at significantly larger scale.
• Sopra Steria: European IT services and digital transformation group with strong public sector and regulated-industry footprint. Comparable in delivery model (consulting, systems integration, managed services) and in vertical mix (government, healthcare, financial services).
• Orange Business (Orange Belgium): Division of Orange Group providing IT services, cloud, and cybersecurity to European enterprises and public sector, with strong Belgian presence. Overlaps with KEYES on managed cloud, cybersecurity, and digital transformation mandates.
• T-Systems (Deutsche Telekom): European IT services and digital division of Deutsche Telekom offering cloud, cybersecurity, SAP, and managed services to large enterprises and public sector. Comparable on the sovereign cloud and regulated-industry thesis, with broader European reach.

Direct peers

• Smals: Belgian IT shared-services organisation serving federal and regional public sector institutions, with similar focus on infrastructure, cybersecurity, and digital services for government. Highly relevant Belgian peer in the public-sector IT services niche.
• Proximus (Proximus Ada, Codit, Deltha Plus): Belgian telecom incumbent with a large ICT and cloud services arm serving Belgian enterprises and public sector. Competes head-to-head with KEYES for sovereign cloud, managed services, and cybersecurity contracts in Belgium.
• Cegeka: Belgian-headquartered IT services and digital transformation firm with comparable offerings across cloud, cybersecurity, data, and managed services, and now a strategic partner of KEYES. Cegeka is the most direct Belgian IT services peer and validates the same sovereign-IT thesis targeting Belgian and EU customers.
• Econocom: Belgium-headquartered digital services and infrastructure provider with comparable focus on infrastructure outsourcing, workspace, financing, and managed services for enterprises and public sector. Closely aligned in size, geographic footprint, and solution portfolio.

Emerging players

• Devoteam: European digital transformation consultancy with strong cloud, cybersecurity, and data/AI focus. Comparable on the consulting and Data & AI services side of KEYES' portfolio, though smaller and less focused on Belgian public sector.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/daringtocommIT
• Facebookfacebook.com/unlockthechange
• LinkedInlinkedin.com/company/the-nrb-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The NRB Group