TLDR: Ghent-based OTIV, a leader in rail automation, has been named the fastest-growing technology company in Belgium at the Deloitte 2025 Technology Fast 50 awards, achieving an astounding 4,365.52% revenue growth. Conveo.ai, an AI-driven conversational platform provider, secured the Rising Star award.
Brussels, Belgium – October 24, 2025 – Deloitte Belgium has officially unveiled the winners of its prestigious 2025 Technology Fast 50 awards, celebrating the nation’s most rapidly expanding and innovative technology enterprises. The top honor, the 2025 Technology Fast 50 award, was bestowed upon OTIV, a Ghent-based company revolutionizing rail automation. OTIV demonstrated an extraordinary revenue increase of 4,365.52% over the past four years, solidifying its position as Belgium’s fastest-growing tech firm.
OTIV, founded in 2020 by Niels Van Damme and Sam De Smet, specializes in cutting-edge rail automation, offering solutions for driver assistance, remote operation, and fully self-driving trains. The company operates across Europe and the United States, collaborating with leading global railway operators. This victory marks a significant milestone for OTIV, which previously won the Rising Star award in 2023, a feat only achieved by Guardsquare in the past.
Co-founders Sam De Smet and Niels Van Damme expressed their gratitude, stating, “We’re honoured to win Deloitte’s Technology Fast 50, marking an exceptional 4366% growth over four years. OTIV is dedicated to advancing rail automation with innovative driver assistance, remote operation, and fully autonomous train solutions. This award recognises our team’s hard work and commitment, and it motivates us to keep pushing boundaries.”
Deloitte acknowledged OTIV’s remarkable achievement, with a representative commenting, “It is inspiring to see our Rising Star winner of 2023 reach the top of this Fast 50 competition with an impressive growth percentage. Their innovative approach within AI technology demonstrates the strength and potential of the Belgian tech sector. OTIV is a prime example of how technology can…”
In addition to the main award, the ceremony also recognized promising start-ups with the Rising Star award. This year, Conveo.ai was named the Rising Star 2025. Conveo.ai specializes in AI-driven conversational platforms, enabling businesses to automate customer interactions and enhance engagement. An independent jury, chaired by Boris Bogaert, founder and investor at Pitchdrive, evaluated ten nominees based on business model scalability, market potential, management quality, and the disruptive nature of their innovations.
The Technology Fast 50 also presented awards to the fastest-growing companies across eight distinct categories:
Communications & Networking: Interfone Belgium (Namur) – 211.48% growth
Digital Commerce: Guud (Ukkel/Uccle) – 2484.03% growth
Electronic devices, Hardware & Semiconductor: Armin Robotics (Nivelles) – 320.68% growth
Enterprise Software: AMOTEK Technologies (Kontich) – 4087.18% growth
FinTech: Risolto (Ghent) – 999.69% growth
Media & Entertainment: Loop Earplugs (Antwerp) – 1450.26% growth
Mobility: BattleKart (Moeskroen/Mouscron) – 392.29% growth (OTIV also won the overall Mobility category)
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The awards ceremony, held on October 23, celebrated the vibrant Belgian tech ecosystem and its continuous drive for innovation and growth.
