Creditors of technology company Decsis, based in Évora, will decide on November 13 whether the company should continue operating or move toward liquidation. The insolvency administrator, Bruno Costa Pereira, indicated that liquidation is the most likely outcome.
According to Costa Pereira, the majority of Decsis’ approximately 200 employees have already left, with only staff at the Évora Data Center remaining. He noted that the company’s main business - providing IT services and equipment through commercial credit - collapsed almost immediately after its connection to “Operation Nexus” caused partners to cut off credit lines.
“The only solution for the company is to liquidate its assets,” said Costa Pereira, adding that creditors may be asked to allow the Data Center to continue operating while the company’s assets, including the Data Center and real estate, are sold to repay creditors.
Decsis was declared insolvent by the Évora Court on 15 September 2025, following serious cash flow problems linked to Operation Nexus, a judicial investigation into alleged corruption and fraud in IT acquisitions by universities and public schools under the Recovery and Resilience Plan (RRP). The operation, carried out on 8 July, led to six arrests, including employees and administrators from a technology company and a public servant.
The company’s total liabilities are around €10 million, with €6.5 million owed to unrelated creditors and €3.5 million to related companies. Many employees had suspended or terminated contracts due to unpaid wages, while some transferred to other companies to maintain their employment.
The creditors’ meeting is scheduled for 13 November at 2:00 pm at the Évora Judicial Court. Decisions made there will determine whether Decsis continues any activity or proceeds to full liquidation.
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