Provider of employment & welfare solutions.
Danel enters 2026 as a higher-quality care and healthcare group and less of a pure staffing company, but that transition is already exposing pressure in staffing and a year in which real cash uses consumed the cash flow.
The 2025 cash pressure looks mainly like a timing gap between spending, collections, and reimbursements rather than a deterioration in collection quality, but it is a timing gap that is built into Danel's labor-heavy model.
Danel's staffing segment is still growing in revenue, but 2025 showed that the old margin is no longer a safe default: wage inflation and collective-agreement pressure are pushing up the cost base, and part of the segment's commercial models cannot pass that increase through to…
