INTERTEL
ActiveSummary
INTERTEL has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €875,480 and a net result of €101,803. Equity is growing by about 41% per year across the filed financial years. Its solvency ranks better than 95% of 9,787 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 1.2 FTE
- Equity
- €875,480
- Profit
- €101,803
- BARTELEN Greta Elisa LouisDirector
- COOLEN Hendrikus WilhelmusDirector
Why 97lowers riskEquity €875,480 (94.5% of total assets)Founded in 1999Liquidity: current ratio 17.47, cash €106,147Size: 1.2 FTE, total assets €925,944Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 46, micro): better than 90% on solvency, 70% on liquidity, 76% on profitability and 69% on growth.
The bankruptcy probability was computed on 28-10-2026 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
This company filed its last 7 accounts on average 6 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Liquidity more than doubledcurrent ratio 17.47
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (2 days) Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00028271.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen four years in a row; 2025 is 39% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,368 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €2,117 | - |
| Remuneration, social security and pensions62 | - | €71,408 | - | €74,457 | €57,249 | €54,670 | €56,590 | ▲ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,625 | €9,665 | €5,013 | €16,519 | €20,462 | €23,421 | €26,237 | ▲ 12.0% |
| Other operating charges640/8 | - | €100 | - | €985 | €960 | €1,781 | €47,152 | ▲ 26× |
| Non-recurring operating charges66A | - | - | - | - | €5,250 | €0 | - | - |
| Gross operating margin9900 | €278,167 | €326,767 | €599,636 | €586,275 | €360,833 | €262,847 | €240,912 | ▼ 8.3% |
| Operating profit (loss)9901 | €44,210 | €245,594 | €519,853 | €494,313 | €276,912 | €182,975 | €110,934 | ▼ 39.4% |
| Financial income75/76B | - | €3,073 | - | €9,112 | €1,899 | €7,035 | €30,368 | ▲ 332% |
| Recurring financial income75 | €618 | €3,073 | €10,503 | €9,112 | €1,635 | €7,035 | €30,368 | ▲ 332% |
| Non-recurring financial income76B | - | - | - | - | €264 | €0 | - | - |
| Financial charges65/66B | - | €86,779 | - | €1,093 | €3,038 | €111,639 | €4,724 | ▼ 95.8% |
| Recurring financial charges65 | €451 | €655 | €825 | €1,093 | €3,038 | €110,139 | €4,724 | ▼ 95.7% |
| Non-recurring financial charges66B | - | €86,124 | - | - | - | €1,500 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €44,377 | €161,888 | €529,531 | €502,332 | €275,773 | €78,371 | €136,579 | ▲ 74.3% |
| Income taxes67/77 | - | €392 | €270 | €2,185 | €69,632 | €20,260 | €34,776 | ▲ 71.6% |
| Profit (loss) for the period9904 | €44,377 | €161,496 | €529,260 | €500,148 | €206,141 | €58,111 | €101,803 | ▲ 75.2% |
| Profit (loss) for the period to be appropriated9905 | €44,377 | - | €529,260 | €500,148 | €206,141 | €58,111 | €101,803 | ▲ 75.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.6m | €0.6m | €0.5m | €0.8m | €0.8m | €0.9m | €0.9m | ▲ 5.0% |
| Fixed assets21/28 | €0.02m | €0.01m | €0.01m | €0.09m | €0.07m | €0.06m | €0.04m | ▼ 29.3% |
| Intangible fixed assets21 | - | - | - | - | - | €0.01m | €0.01m | ▼ 1.1% |
| Tangible fixed assets22/27 | €0.01m | €0.008m | €0.005m | €0.08m | €0.06m | €0.04m | €0.02m | ▼ 42.9% |
| Plant, machinery and equipment23 | - | €0.001m | - | - | - | - | - | - |
| Furniture and vehicles24 | - | €0.007m | - | €0.08m | €0.06m | €0.04m | €0.02m | ▼ 42.9% |
| Financial fixed assets28 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Current assets29/58 | €0.6m | €0.5m | €0.5m | €0.7m | €0.8m | €0.8m | €0.9m | ▲ 7.6% |
| Amounts receivable after more than one year29 | - | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Other amounts receivable291 | - | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Stocks and contracts in progress3 | €0.08m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0.08m | ▼ 6.4% |
| Stocks30/36 | - | €0.1m | - | €0.1m | €0.1m | €0.09m | €0.08m | ▼ 6.4% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.2m | €0.3m | €0.5m | €0.6m | €0.7m | ▲ 19.0% |
| Trade receivables40 | - | €0.04m | - | €0.04m | €0.05m | €0.07m | €0.007m | ▼ 89.1% |
| Other amounts receivable41 | - | €0.2m | - | €0.3m | €0.5m | €0.5m | €0.7m | ▲ 33.1% |
| Current investments50/53 | €0.005m | €0.005m | €0.005m | €0.1m | €0.1m | €0 | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.2m | €0.2m | €0.05m | €0.1m | €0.1m | ▼ 28.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.001m | €0.005m | €0.006m | ▲ 21.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.6m | €0.6m | €0.5m | €0.8m | €0.8m | €0.9m | €0.9m | ▲ 5.0% |
| Equity10/15 | -€0.7m | -€0.5m | €0.009m | €0.5m | €0.7m | €0.8m | €0.9m | ▲ 13.2% |
| Contributions10/11 | €0.6m | €0.6m | - | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Profit (loss) carried forward14 | -€1.3m | -€1.1m | -€0.6m | -€0.06m | €0.1m | €0.2m | €0.3m | ▲ 49.6% |
| Amounts payable17/49 | €1.3m | €1.1m | €0.5m | €0.3m | €0.1m | €0.1m | €0.05m | ▼ 53.5% |
| Amounts payable after more than one year17 | €1.2m | €1.0m | €0.4m | €0.2m | €0.04m | €250 | €0 | ▼ 100% |
| Financial debts170/4 | - | €1.0m | - | €0.2m | €0.04m | €0 | - | - |
| Other amounts payable178/9 | - | €250 | - | €250 | €250 | €250 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €0.08m | €0.08m | €0.09m | €0.09m | €0.08m | €0.1m | €0.05m | ▼ 53.4% |
| Trade debts44 | €0.07m | €0.07m | €0.07m | €0.07m | €0.08m | €0.09m | €0.04m | ▼ 54.0% |
| Suppliers440/4 | - | €0.07m | - | €0.07m | €0.08m | €0.09m | €0.04m | ▼ 54.0% |
| Taxes, remuneration and social security45 | - | €0.009m | - | €0.02m | €0.006m | €0.01m | €0.007m | ▼ 50.2% |
| Taxes450/3 | - | €0.002m | - | €0.01m | €0.003m | €0.004m | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €0.007m | - | €0.008m | €0.003m | €0.009m | €0.007m | ▼ 30.1% |
| Other amounts payable47/48 | - | €0.001m | - | €0.001m | €0.001m | €0.001m | €471 | ▼ 13.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.002m | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,377 | €161,496 | €529,260 | €500,148 | €206,141 | €58,111 | €101,803 | ▲ 75.2% |
| + Depreciation and write-downs630 | €18,625 | €9,665 | €5,013 | €16,519 | €20,462 | €23,421 | €26,237 | ▲ 12.0% |
| Operating cash flow (approximation) | €63,001 | €171,161 | €534,274 | €516,667 | €226,603 | €81,532 | €128,039 | ▲ 57.0% |
| Investment in fixed assets (approximation) | - | -€4,641 | -€2,642 | -€91,354 | -€1,230 | -€18,884 | -€7,904 | ▲ 58.1% |
| Change in cash | - | -€57,942 | €71,133 | -€52,925 | -€115,550 | €98,085 | -€41,242 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 02-02-2026 | 2026-00028271 |
| 30-06-2024 | abbreviated format | 31-01-2025 | 2025-00021324 |
| 30-06-2023 | abbreviated format | 29-02-2024 | 2024-00036998 |
| 30-06-2022 | abbreviated format | 01-02-2023 | 2023-00019936 |
| 30-06-2021 | abbreviated format | 31-01-2022 | 2022-03600038 |
| 30-06-2020 | abbreviated format | 29-01-2021 | 2021-03700096 |
| 30-06-2019 | abbreviated format | 13-02-2020 | 2020-04900474 |
| 30-06-2018 | micro format | 02-01-2019 | 2019-00100088 |
| 30-06-2017 | micro format | 15-12-2017 | 2017-71800592 |
| 30-06-2016 | abbreviated format | 27-12-2016 | 2016-71700302 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 · 1 entry · €360 awarded · €360 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BARTELEN Greta Elisa Louis |
|
| COOLEN Hendrikus Wilhelmus |
|
Owners and capital
Capital and shareholders
- 21-11-2023 Converted to unavailable equity · €568,592.01
Group and network
Connections & network
3 connected companiesHistory
Acts, filings and financial milestones
21-11
Gazette deed
Resignations: COOLEN Hendrikus Wilhelmus (manager) and BARTELEN Greta Elisa Louis (manager)Appointments: COOLEN Hendrikus Wilhelmus (director) and BARTELEN Greta Elisa Louis (director) · Name change · Amendment of the articles15 facts ▸
- General meeting, 07-11-2023
- Name change, INTERTEL
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “wettelijke reserve” (deed in Dutch)
- Reserve release, “overeenkomstig vormen en meerderheden statutenwijziging, statutair onbeschikbare eigen vermogensrekening aangelegd bij toepassing van artikel 39,§2,tweede lid w…” (deed in Dutch)
- Capital
- Director resignation, COOLEN Hendrikus Wilhelmus (manager)
- Director resignation, BARTELEN Greta Elisa Louis (manager)
- Director appointment, COOLEN Hendrikus Wilhelmus (director (not named in the articles))
- Director appointment, BARTELEN Greta Elisa Louis (director (not named in the articles))
- Registered office clause, “Veedijk 46,2300 Turnhout” (deed in Dutch)
- +3 further facts in this act
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13452M0689/00F000 | Flanders | 8,828 m² | 1 · 3,500 m² | 9.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- INTERTEL
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Voor zover geen wijziging taalregime, Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, algemene vergadering bepaalt aantal,duur en bevoegdheid” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of September at 11:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Na aanzuivering schulden,lasten,kosten of consignatie en na evenwichtsherstel bij niet-volgestorte aandelen, verdeling van het netto-actief” (deed in Dutch)