K-TELECOM
ActiveSummary
The computed 12-month bankruptcy probability of K-TELECOM is 2.5% (moderate). The 2024 annual accounts show equity of €42,046 and a net result of €10,240. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 84% of 397 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+96
Solvency100=
Growth63▲+13
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity ample (current ratio 5.14 against 11.47 in 2023; short-term debt: 19.2% and cash: 0.1% of total assets), and 19.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
80.8%
Return on assets
19.7%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2024
91 d late
2023
123 d late
2022
1 d late
2021
12 d late
2020
27 d late
2019
on the day
2018
32 d 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 32 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€52,891▼ 16.7%
2023 · €63,477
EBIT margin
41.0%▲ 56.5pp
2023 · -15.5%
Net result
€10,240
2023 · -€13,383
Working capital
€41,405▲ 47.4%
2023 · €28,086
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 61, Telecommunications, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€64,234▼ 0.2%€60,980▼ 5.1%€60,198▼ 1.3%€63,477▲ 5.4%€52,891▼ 16.7%
Operating result€3,086▲ 293%€14,225▲ 361%€5,634▼ 60.4%-€9,838€21,670
Net result€15within the sector's middle half€13,916within the sector's middle half▲ 92,673%€4,481within the sector's middle half▼ 67.8%-€13,383below the sector's middle half€10,240within the sector's middle half
EBIT margin4.8%▲ 3.6pp23.3%▲ 18.5pp9.4%▼ 14.0pp-15.5%▼ 24.9pp41.0%▲ 56.5pp
Equity€26,791within the sector's middle half▲ 0.1%€40,707within the sector's middle half▲ 51.9%€45,188within the sector's middle half▲ 11.0%€31,806within the sector's middle half▼ 29.6%€42,046within the sector's middle half▲ 32.2%
Total assets€44,273below the sector's middle half▼ 4.1%€43,066below the sector's middle half▼ 2.7%€56,187within the sector's middle half▲ 30.5%€34,488below the sector's middle half▼ 38.6%€52,041within the sector's middle half▲ 50.9%
Debt€17,482▼ 9.9%€2,359▼ 86.5%€10,999▲ 366%€2,682▼ 75.6%€9,996▲ 273%
Working capital€15,683within the sector's middle half▲ 15.3%€32,063within the sector's middle half▲ 104%€39,006within the sector's middle half▲ 21.7%€28,086within the sector's middle half▼ 28.0%€41,405within the sector's middle half▲ 47.4%
Solvency60.5%within the sector's middle half▲ 2.5pp94.5%above the sector's middle half▲ 34.0pp80.4%above the sector's middle half▼ 14.1pp92.2%above the sector's middle half▲ 11.8pp80.8%above the sector's middle half▼ 11.4pp
Current ratio1.90within the sector's middle half▼ 0.0314.59above the sector's middle half▲ 12.694.55above the sector's middle half▼ 10.0511.47above the sector's middle half▲ 6.925.14above the sector's middle half▼ 6.33
Return on assets (ROA)0.0%within the sector's middle half▲ 0.7pp32.3%above the sector's middle half▲ 32.3pp8.0%within the sector's middle half▼ 24.3pp-38.8%below the sector's middle half▼ 46.8pp19.7%within the sector's middle half▲ 58.5pp
above
within
below
the middle half (P25 to P75) of NACE 61, Telecommunications, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €21,670 after a loss of €9,838 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €52,041
Fixed assets
€641 ▼ 82.8%
Current assets
€51,400 ▲ 67.1%
Equity and liabilities €52,041
Equity
€42,046 ▲ 32.2%
Debt
€9,996 ▲ 273%
Debt's share of the balance-sheet total rises from 7.8% to 19.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24,749▲
2023 · -€7,375
Cash flow
€13,318▲
2023 · -€10,920
Debt to equity
0.24▲
2023 · 0.08
ROE
24.4%▲
2023 · -42.1%
Interest coverage
11.25▲
2023 · -8.20
Debt ≤ 1 year
€9,996▲
2023 · €2,682
Income taxes
€9,239▲
2023 · €3,779
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €64,234 | €60,980 | €60,198 | €63,477 | €52,891 | ▼ 16.7% |
| Goods, raw materials, services and sundry goods60/61 | - | €43,367 | €51,664 | €59,776 | €24,361 | ▼ 59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,231 | €2,463 | €2,463 | €2,463 | €3,079 | ▲ 25.0% |
| Other operating charges640/8 | - | €348 | €293 | €365 | €871 | ▲ 139% |
| Non-recurring operating charges66A | - | €3,577 | €144 | €10,712 | €2,910 | ▼ 72.8% |
| Gross operating margin9900 | €4,891 | €20,613 | €8,534 | €3,702 | €28,530 | ▲ 671% |
| Operating profit (loss)9901 | €3,086 | €14,225 | €5,634 | -€9,838 | €21,670 | ▲ 320% |
| Financial income75/76B | - | - | €1 | €1,134 | €8 | ▼ 99.3% |
| Recurring financial income75 | €1,176 | - | €1 | €1,134 | €8 | ▼ 99.3% |
| Non-recurring financial income76B | - | - | - | €1,134 | - | - |
| Financial charges65/66B | - | €309 | €300 | €899 | €2,200 | ▲ 145% |
| Recurring financial charges65 | €759 | €309 | €300 | €899 | €2,200 | ▲ 145% |
| Profit (loss) for the period before taxes9903 | €15 | €13,916 | €5,335 | -€9,603 | €19,479 | ▲ 303% |
| Income taxes67/77 | - | - | €854 | €3,779 | €9,239 | ▲ 144% |
| Profit (loss) for the period9904 | €15 | €13,916 | €4,481 | -€13,383 | €10,240 | ▲ 177% |
| Profit (loss) for the period to be appropriated9905 | €15 | €13,916 | €4,481 | -€13,383 | €10,240 | ▲ 177% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,273 | €43,066 | €56,187 | €34,488 | €52,041 | ▲ 50.9% |
| Fixed assets21/28 | €11,108 | €8,644 | €6,182 | €3,719 | €641 | ▼ 82.8% |
| Tangible fixed assets22/27 | €11,083 | €8,619 | €6,157 | €3,694 | €616 | ▼ 83.3% |
| Furniture and vehicles24 | - | €8,619 | €6,157 | €3,694 | €616 | ▼ 83.3% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €33,165 | €34,422 | €50,005 | €30,769 | €51,400 | ▲ 67.1% |
| Amounts receivable within one year40/41 | €33,165 | €34,400 | €50,005 | €30,769 | €51,348 | ▲ 66.9% |
| Trade receivables40 | - | €15,237 | €29,027 | €4,570 | €16,471 | ▲ 260% |
| Other amounts receivable41 | - | €19,163 | €20,978 | €26,199 | €34,877 | ▲ 33.1% |
| Cash at bank and in hand54/58 | - | €22 | - | - | €52 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,273 | €43,066 | €56,187 | €34,488 | €52,041 | ▲ 50.9% |
| Equity10/15 | €26,791 | €40,707 | €45,188 | €31,806 | €42,046 | ▲ 32.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €6,331 | €20,247 | €24,728 | €11,346 | €21,586 | ▲ 90.3% |
| Amounts payable17/49 | €17,482 | €2,359 | €10,999 | €2,682 | €9,996 | ▲ 273% |
| Amounts payable within one year42/48 | €17,482 | €2,359 | €10,999 | €2,682 | €9,996 | ▲ 273% |
| Financial debts43 | - | - | €0 | €1 | €1 | = |
| Credit institutions430/8 | - | - | €0 | €1 | €1 | = |
| Trade debts44 | €28 | €2,359 | €2,818 | €816 | €500 | ▼ 38.7% |
| Suppliers440/4 | - | €2,359 | €2,818 | €816 | €500 | ▼ 38.7% |
| Taxes, remuneration and social security45 | - | - | €8,181 | €1,866 | €9,495 | ▲ 409% |
| Taxes450/3 | - | - | €8,181 | €1,866 | €9,495 | ▲ 409% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15 | €13,916 | €4,481 | -€13,383 | €10,240 | ▲ 177% |
| + Depreciation and write-downs630 | €1,231 | €2,463 | €2,463 | €2,463 | €3,079 | ▲ 25.0% |
| Operating cash flow (approximation) | €1,246 | €16,379 | €6,944 | -€10,920 | €13,318 | ▲ 222% |
| Investment in fixed assets (approximation) | - | €1 | -€1 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
31-12
Financial
Back to profitnet €10,240
Net result €10,240 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 123 days late
2023
30-09
Financial
Weakest financial yearnet -€13,383
Net result drops to -€13,383, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity triplescurrent ratio 11.47
Current ratio from 4.55 to 11.47; short-term debt falls from €10,999 to €2,682.
01-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
30-09
Financial
Highest result since 2018net €13,916 ▲92,673%
Net result €13,916, the highest in the series.
30-09
Financial
Liquidity times 8current ratio 14.59
Current ratio from 1.90 to 14.59; short-term debt falls from €17,482 to €2,359.
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
30-09
Financial
Back to profitnet €15
Net result €15 after 2 loss-making years.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2016
30-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
27-04
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 2014
Ground area
118 m²
Building footprint
155 m²
Volume, LiDAR
1,405 m³
Parcel 21007A0058/00S000, Brussels · tallest building 19.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
K-TELECOM
since 20142.234.469.135
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0058/00S000 | Brussels | 118 m² | 1 · 155 m² | 19.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,158 companies in sector 61200 we hold annual accounts for 696. 433 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-09-2012
Fiscal year end31-12
Activities, NACEBEL 2025
61200Telecommunications resale and intermediation services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0848402580
Also
9925:BE0848402580
Registered
04-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.