European Growth Leaders 2026

Annual ranking data providerLSEG WorkspaceUsed with permission · acknowledgements

An independent research observatory tracking Europe’s listed growth companies.

Francesco Castellaneta, Full Professor of Strategy and Entrepreneurship, SKEMA Business School – Université Côte d’Azur (GREDEG) · Scientific Committee Diego Zunino and Jackie Krafft

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Annual rank8

Poland · Industrials

Benefit Systems

Provides MultiSport cards and flexible-benefit programmes through employers, enabling employees to select products and services.

+164%revenue growth
FY2022–FY2025
+360%net-income growth
FY2022–FY2025
+409%stock return
FY2022–FY2025
+53%2026 stock return
current context only

Company profile

Employer-funded activity, wellbeing platforms and owned fitness clubs

Benefit Systems S.A. sells employer-funded access to activity and wellbeing rather than a single gym membership. MultiSport connects employees to partner venues and owned clubs across six countries; Multi.Life and MyBenefit add digital wellbeing, learning and flexible HR benefits. The group also owns fitness networks in Poland and, since May 2025, Turkey's MAC Group. Employers fund or administer the benefit, users choose services, and facility partners gain access to a large membership base.

MultiSport network

One employer benefit now travels across six countries

Since March 2026, international acceptance has been available to adult users with an identity-confirmed virtual MultiSport card, covering more than 11,000 sports and recreation facilities across Poland, Croatia, Bulgaria, the Czech Republic, Slovakia and Turkey. The portfolio includes Plus, Classic and Light cards plus Student, Senior, Kids and Kids Aqua variants. In Poland, eligible cardholders can also use more than 18,000 Nextbike bicycles for one free hour a day without reducing their sports-facility visits.

Digital wellbeing and HR

Multi.Life guides wellbeing; MyBenefit configures the benefit wallet

Multi.Life lets each employee set goals and combines psychological support, development courses, nutrition tools, preventive examinations and AI recommendations. Its Wellbeing Score diagnoses six areas of life; an HR Dashboard aggregates company-level results. MyBenefit gives employers a configurable cafeteria and HR workflow layer, including subscriptions, e-signatures, forms, absence administration and Total Reward Statements. Its product page reports 450,000-plus monthly cafeteria transactions, 1,900-plus partners, 795,000-plus employees and 2,200-plus companies.

Owned-club platform

Polish club brands are joined by Turkey's MAC ecosystem

At 30 June 2026, the H1 report listed 590 standard fitness clubs: 296 in Poland, 56 in the Czech Republic, 43 in Bulgaria, 21 in Croatia, 16 in Slovakia and 158 in Turkey. It separately listed five boutique clubs and 26 spa facilities in Turkey. Polish brands include Zdrofit, Fabryka Formy, My Fitness Place, Fit Fabric and Fitness Academy; the acquired MAC system adds MACFit, MACOne, MAC Studio, the MAC+ app and NUSPA spas.

Scale and strategy

Current scale is the base; 2027 ranges are targets, not forecasts

At 30 June 2026, Benefit Systems reported 2.695 million active sports cards, 590 standard fitness clubs and five boutique clubs; 26 spa facilities in Turkey were reported separately. Its March update targets 2.95–3.15 million users, 730–820 clubs, PLN 6.4–7.0 billion of 2027 revenue and a 20–21% adjusted operating margin. The issuer explicitly says these ranges are intended strategic directions, not a forecast or estimate.

Current 2026 update

What is changing at Benefit Systems in 2026?

MultiSport now has an international-acceptance layer for eligible virtual-card users. Partner facilities still provide most of the network's breadth, while owned clubs concentrate visits in major Polish cities and continue to expand through both openings and acquisitions.

Latest official evidence First-half operating report Published 20 August 2026

The change in one sentence

The card is becoming a regional access layer backed by selective ownership of high-use venues.

Benefit Systems is not replacing its partner network. It combines broad third-party coverage with owned-club density in selected locations, then links the six national markets through digital card acceptance. The operating evidence has to keep network reach, visit concentration and club ownership as separate measures.

Four lenses on 2026

The same four-quadrant format used in the Company profile.

01 · The roaming card

Eligible virtual-card users can use MultiSport across borders at more than 11,000 venues

Since March, MultiSport's international-acceptance feature has allowed eligible cards to be used outside Poland through a network spanning all six markets in which the group operates. It is available to adult users with an identity-verified virtual card in the mobile app, and an International Visits Map helps locate partner venues. The report does not disclose how many users or visits have used the feature.

  • Current signal11,000+ facilities · six markets · verified virtual card required
  • Why it mattersThe feature turns separate national access networks into a regional employee benefit for eligible users, while adoption remains unreported.
  • H1 2026 operating report Benefit Systems · 2026-08-20

02 · The hybrid network

Partners provide reach; owned clubs concentrate visits in major cities

More than 90% of the sports facilities that collaborate with MultiSport are partner venues. Separately, in Warsaw, Kraków, Gdańsk-Gdynia-Sopot, Wrocław, Poznań and Łódź, 71% of fitness visits by MultiSport users take place at group-owned clubs. These are different denominators: facility share across the network versus visit share in six selected metropolitan areas, not a single market-share measure.

  • Current signal90%+ partner facilities · 71% of visits at owned clubs in six metros
  • Why it mattersPartner venues keep the network broad; in the six cited metropolitan areas, owned clubs account for the majority of reported fitness visits.
  • H1 2026 operating report Benefit Systems · 2026-08-20

03 · The club build-out

The estate is growing through openings and acquisitions, with closures visible too

The H1 country table recorded 590 standard fitness clubs at 30 June, a net increase of 44 from year-end. During the half, the group opened 34 clubs and acquired 12, for 46 gross additions; two Polish clubs closed, reconciling the net movement. The report lists five Turkish boutique clubs and 26 spa facilities separately. On 6 August, Benefit Systems acquired five Bella Line clubs after the H1 reporting date; that event is not added mechanically to the formal June total.

04 · What to watch

Three questions for the next disclosures

Three questions test whether regional access and owned-club density translate into durable usage.

  • Cross-border useDoes Benefit Systems disclose eligible users, visits or repeat use of international MultiSport acceptance?
  • Hybrid concentrationDoes the 71% owned-club visit share persist in the six Polish metros, and does the issuer report a comparable measure in other markets?
  • Estate bridgeDo later reports reconcile openings, acquisitions including Bella Line, closures and the standard-versus-boutique club count toward the non-forecast 2027 direction?

Annual record

Ranking history

Future editions add rows; they do not rewrite the 2026 record.

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY20258+164%+360%+409%