The first shareholders’ meeting of IT Kombinat took place on Friday, March 01, 2024, Managing Director Manfred Götz presented the financial figures for 2023, which were then formally adopted by the shareholders in the annual financial statements.

IT Kombinat had an incredibly positive founding year in 2023, generating sales totalling EUR 3.9 million with 10 different customers in the company’s first 10 months. After deducting accruals, provisions, depreciation, amortisation and taxes, the company generated a net profit of EUR 178 thousand.  By the end of the year, the company had grown to 19 internal and over 20 external employees.

The company is starting the new year with a cash balance of EUR 534 thousand. Available external funds therefore did not have to be utilised. The current order backlog already ensures good capacity utilisation throughout 2024.

The shareholders have decided not to distribute the profits generated but to continue investing in the company. The company is therefore planning further moderate organic growth in 2024 and, if applicable,  an inorganic option to increase sales and employees in the medium term.

The management and shareholders see the increasing internationalisation of their customers’ IT development as the greatest challenge, which the company intends to meet by further expanding its nearshore capacities in countries such as Ukraine, Kosovo, Romania and Poland.

The founders agreed that the current rapid technological leap in the field of artificial intelligence will lead to fundamental changes in IT consulting in the medium term. They would like to focus on this development in the coming years and expand the business model with various in-house developments, possibly also as part of government-funded projects.

The offices of IT Kombinat were the location for an engaging seminar on the topic of the Network & Information Security Directive2 (NIS2) yesterday. Many thanks to Mr Herbert Schulte, Director of the Wirtschaftssenat for organising the event in partnership with IT Kombinat!

Expanding on the scope of NIS1, NIS2 aims to further strengthen critical infrastructure and essential services within the EU. This should be achieved by requiring companies providing these services to implement appropriate security measures and to rapidly reportany incidents to the appropriate authorities (in Germany the BSI).

Bernhard Borsch, our Information Security specialist and co-founder presented a high-level perspective of NIS2, its scope, and enforcement guidelines. He also outlined the benefits of a business-centric approach to information security and the utility of a general Information Security Management System (ISMS) which encompasses many of the NIS2 requirements.

An active and informative Q&A session followed, with the attendees sharing their experiences of navigating security regulations and discussing the difficulties of recruiting and retaining good information security professionals. SMEs rarely have the resources to launch large security initiatives as some larger companies do, and the challenge of monitoring systems, diagnosing issues, analysing logs, fixing issues and informing authorities can seem daunting. Through his years of IT and OT security experience, Bernhard Borsch was able to provide pragmatic and right-sized guidance

One significant area of discussion was Operation Technology security (OT security), which is a focus of NIS2. OT has traditionally not been within the remit of Information Security teams as these systems (e.g. production lines) operated only within their own networks. With the growth of Industry4.0 and other applications for operative system data, OT systems are increasingly connected to other networks and are thus vulnerable to attack.

We hope all attendees left the event well refreshed and well informed. We look forward to the next even with our Partner BVMW and thank all involved for their time and attention.


Check the teaser slide set below or contact us for additional information!