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Telenet Group

Active
Public limited companyfounded 1998active for 28 yearsLiersesteenweg 4, 2800 Mechelen, BelgiumKBO/BCE: BE 0462.925.669
Summary

Telenet Group has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.06bn and a net result of -€133.4m. Equity is shrinking by about 5% per year across the filed financial years. Its solvency ranks better than 55% of 91 sector peers (NACE 61, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

Activity
Wired, wireless and satellite telecommunications
NACE 61100
#1 company by equity in Belgium, Telecommunications sector8 sites
Size
€254.7mturnover 2025
Staff
310.6 FTE
Equity
€3.06bn
Loss
-€133.4m
Financial health
83 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Parent
TELENET GROUP HOLDING · 100%
Holdings
10
Auditor: KPMG Bedrijfsrevisoren BV/SRLAccounts filed 5 days late
Why 83raises riskLiquidity: current ratio 0.79Sector: Telecommunications (NACE 61)lowers riskFounded in 1998Size: turnover €254.7m, 310.6 FTE, total assets €7.35bnShow the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 56% of its sector peers (all companies)
Financial strength · tick = 2024
Strong
Solvency 67-1
equity 41.6% of total assets
Liquidity 88-12
short-term debt 19.4%
Profitability 51=
return on assets -1.8%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (12 companies, NACE 61, large)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.2%▼ -0.1 percentage points vs 01-2025lowest value 03-2025: 0.3%▲ +0.1 percentage points vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.1 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.3%▼ -0.1 percentage points vs 01-2026 03-2026: 0.4%▲ +0.1 percentage points vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.4 percentage points vs 07-2026highest value 09-2026: 0.5%▼ -0.3 percentage points vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026
Credit of up to €25,450,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.79, compared with 2.02 in 2024; short-term debt: 19.4% of total assets), and 58.4% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies): better than 58% on solvency, 96% on liquidity, 36% on profitability and 33% on growth.

The bankruptcy probability was computed on 10-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.79
NBB · annual accounts
lowers risk · Founded in 1998
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector: Telecommunications (NACE 61)
KBO
lowers risk · Size: turnover €254.7m, 310.6 FTE, total assets €7.35bn
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€133.4m
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are in a legal situation other than normal, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
5 days late
2024
41 days early
2023
76 days early
2022
75 days early
2021
73 days early
2020
66 days early
2019
67 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 56 days before the deadline; the sector median (NACE 61) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 May (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven months
Where today falls in the filing period
11-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Amendment of the articlesGazette deed
  2. Permanent representative: Maarten PoelPower of attorney
  3. Annual accounts filedfinancial year 2025 · full…

Key points

  • Caution: Among the weakest 5% on net resultsector median €23,716 · 91 companies -€133.4m View
  • Caution: Board changedlatest change 27-02-2026 · 3 in office 2 joined · 3 left View
  • Controlled by TELENET GROUP HOLDINGultimately: LIBERTY GLOBAL LTD. 100% View
  • Caution: Result fell in 2025from -€93.4m to -€133.4m ▼ 42.9% View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€133.4m View
  • EU research moneyEU contribution €1.4m View

By topic

Financials

Financial year
2025
Turnover
€254.7m
Loss
-€133.4m
Solvency
41.6%
Turnover▼ 2.2%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Parent
TELENET GROUP HOLDING · 100%
Auditor
KPMG Bedrijfsrevisoren BV/SRL
  • John PorterDirector
  • Bart van SprundelDirector
  • Silvia BradyDirector
Go to Board & ownership

Network & group

Group
LIBERTY GLOBAL LTD.
Subsidiaries
24
Holdings
10
Connected companies
17

24 subsidiaries

Go to Network & group

Timeline

Events
117
Since
2000
Next accounts
by 31-07-2027
  1. 10-06-2026Appointments: Silvia Brady (director) and Bart van…
  2. 27-03-2026Resignations: Dieter Nieuwdorp, Jeroen Bronselaer and Benedikte…
  3. 17-03-2026Resignations & appointments
Go to Timeline

Company details

Sites
8
Legal form
Public limited company
Activity
Wired, wireless and satellite telecommunicationsNACE 61100
Founded
19-03-1998
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
14
Purpose
De vennootschap heeft tot voorwerp zowel in België als in het buitenland, voor eigen naam…
Go to Articles of association

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