Equity
notélé has made a profit without a break since 2014.
notélé has made a profit without a break since 2014.
The accounts state no turnover.
In 2025, 7 people joined and 9 left.
The last five annual accounts were filed 33 to 98 days before the end of the period.
Board changed. Latest change 16-02-2026 · 43 in office.
Wallonia-Brussels support, mostly Subventions aux médias de proximité.
The dashed line is the sector median: 0.2% across 20 companies (NACE 60, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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). It does better than 34% of them on solvency, 95% on liquidity, 64% on profitability and 28% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 4,685 companies had the same profile as notélé has now. Each dot stands for 12 companies, two years later.
The bankruptcy probability of notélé itself is lower: < 0.1% within 12 months. It rests on far more data about notélé than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for notélé. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.99 (1.54 in 2024), above the usual 1.5. Short-term debt is 33.5% and cash 46.7% of total assets. However, 78.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 67 days before the deadline. In the sector (NACE 60), the median for financial year 2024 was 1 day before the deadline, and 44% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| notélé Tournai | €3.0m | €4.4m | 21.3% | 45.3 |
| ANTENNE CENTRE La Louvière | €1.8m | €3.6m | 62.2% | 36 |
| Boukè Namur | €1.6m | €3.3m | 40.1% | 38.7 |
| VEDIA Dison | €2.2m | €2.5m | 56.2% | 30.1 |
| TV - Lux asbl, Télévision locale et communautaire en province de Luxembourg Libramont-Chevigny | €2.0m | €2.8m | 15.0% | 30.6 |
| TELEVISION LOCALE MONS - BORINAGE Mons | €1.4m | €2.7m | 14.3% | 31.9 |
| Télévision, Education, Animation, Culture Charleroi | €1.2m | €3.1m | 7.4% | 33.7 |
These companies have the same main activity as notélé: programming, broadcasting, news agency and other content distribution activities (NACE 60200). They are comparable in size and age: total assets between €1.2m and €2.2m, founded between 1973 and 1996.
notélé has existed since 1988. The gross margin grew from €3.2m in 2007 to €4.4m in 2025.
In February 2026, 15 directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €7.5m. Estimated: probably between €5.1m and €12.0m.
Higher than 28% of 34 companies in 2025.
Higher than 51% of 36 companies in 2025.
Higher than 45% of 34 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 7 people joined and 9 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
3.0m | 3.1m | 2.6m | 2.5m | 2.7m | 2.1m | 2.2m | 2.4m | 1.9m | 1.9m | 2.2m | 2.2m | 2.4m | 2.6m | 3.5m | 3.5m | 3.3m | 4.3m | 3.0m | |
21/28 |
1.0m | 1.3m | 957,760 | 1.1m | 853,008 | 697,193 | 814,933 | 826,769 | 535,364 | 542,813 | 567,341 | 774,382 | 1.1m | 1.1m | 1.2m | 1.5m | 1.7m | 2.2m | 1.7m | |
21 |
- | - | - | - | 0 | - | - | - | - | 74 | 31,332 | 63,897 | 63,919 | 97,928 | 132,904 | 120,308 | 140,359 | 162,303 | 184,804 | |
22/27 |
937,328 | 1.2m | 881,911 | 1.0m | 786,705 | 632,855 | 781,217 | 796,562 | 497,466 | 499,974 | 495,308 | 663,288 | 964,409 | 910,663 | 990,159 | 1.3m | 1.4m | 1.9m | 1.4m | |
23 |
630,314 | 687,145 | 254,260 | 349,363 | 465,391 | 517,858 | 602,723 | 561,002 | 261,014 | 375,752 | 376,340 | 460,670 | 568,561 | 487,683 | 409,017 | 446,534 | 367,023 | 489,902 | 576,412 | |
24 |
307,014 | 533,268 | 627,651 | 693,089 | 321,314 | 114,996 | 178,494 | 235,561 | 236,453 | 124,222 | 118,968 | 202,618 | 395,848 | 419,113 | 556,091 | 803,808 | 1.0m | 1.3m | 857,710 | |
26 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 3,867 | 25,052 | 46,237 | 68,303 | 76,584 | 13,747 | |
28 |
70,475 | 81,895 | 75,849 | 64,834 | 66,303 | 64,339 | 33,716 | 30,207 | 37,897 | 42,765 | 40,701 | 47,198 | 43,978 | 59,328 | 63,986 | 130,815 | 130,372 | 114,648 | 40,390 | |
29/58 |
2.0m | 1.8m | 1.6m | 1.4m | 1.9m | 1.4m | 1.4m | 1.6m | 1.3m | 1.3m | 1.6m | 1.4m | 1.3m | 1.5m | 2.3m | 2.0m | 1.6m | 2.1m | 1.4m | |
40/41 |
597,858 | 747,958 | 707,579 | 641,416 | 651,424 | 525,337 | 508,470 | 435,224 | 698,911 | 353,388 | 858,609 | 928,433 | 819,025 | 1.1m | 2.0m | 1.3m | 1.3m | 1.4m | 1.0m | |
40 |
489,431 | 392,962 | 500,986 | 436,516 | 432,007 | 340,514 | 335,085 | 307,613 | 354,382 | 306,263 | 389,315 | 455,924 | 563,737 | 743,071 | 548,925 | 1.0m | 878,002 | 1.4m | 992,473 | |
41 |
108,426 | 354,997 | 206,593 | 204,901 | 219,417 | 184,823 | 173,385 | 127,610 | 344,530 | 47,125 | 469,295 | 472,509 | 255,288 | 310,563 | 1.4m | 293,811 | 448,322 | 1,164 | 20,170 | |
50/53 |
- | 440,000 | 500,000 | - | - | - | - | - | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | - | - | - | - | 108,959 | 213,323 | |
54/58 |
1.4m | 633,106 | 431,145 | 705,738 | 1.2m | 920,180 | 882,985 | 1.1m | 489,106 | 875,843 | 628,706 | 414,441 | 326,274 | 402,741 | 333,670 | 633,276 | 237,849 | 507,750 | 96,523 | |
490/1 |
13,284 | 19,027 | 9,542 | 4,182 | 6,894 | 2,255 | 25,714 | 27,440 | 31,583 | 13,455 | 36,757 | 6,428 | 63,548 | 50,536 | 12,642 | 8,136 | 23,743 | 33,358 | 28,074 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
3.0m | 3.1m | 2.6m | 2.5m | 2.7m | 2.1m | 2.2m | 2.4m | 1.9m | 1.9m | 2.2m | 2.2m | 2.4m | 2.6m | 3.5m | 3.5m | 3.3m | 4.3m | 3.0m | |
10/15 |
646,192 | 664,251 | 598,943 | 586,933 | 605,257 | 549,177 | 465,774 | 496,019 | 390,147 | 316,036 | 329,540 | 196,327 | 186,532 | 347,521 | 448,473 | 565,452 | 441,750 | 403,322 | 338,359 | |
10 |
131,298 | 131,298 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
301,411 | 301,411 | 301,411 | 301,411 | 301,411 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
161,432 | 144,791 | 131,534 | 102,173 | 85,798 | 81,768 | 35,808 | 34,207 | -16,760 | -122,717 | -153,452 | -233,218 | -272,756 | -145,377 | 8,711 | 92,149 | 92,149 | 45,439 | 43,313 | |
15 |
52,050 | 86,750 | 34,700 | 52,050 | 86,750 | 34,700 | 77,256 | 109,102 | 54,198 | 86,043 | 130,282 | 76,836 | 106,579 | 140,189 | 87,052 | 120,594 | 68,303 | 76,584 | 13,747 | |
16 |
1.1m | 794,484 | 680,000 | 449,286 | 400,000 | 210,000 | 102,940 | 102,940 | 62,940 | 137,659 | 137,659 | 137,659 | 137,659 | 443,623 | 655,000 | 750,000 | 270,000 | 200,000 | 250,000 | |
160/5 |
1.1m | 794,484 | 680,000 | 449,286 | 400,000 | 210,000 | 102,940 | 102,940 | 62,940 | 137,659 | 137,659 | 137,659 | 137,659 | 443,623 | 655,000 | 750,000 | 270,000 | 200,000 | 250,000 | |
163 |
1.1m | 794,484 | 680,000 | 449,286 | 400,000 | 210,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
1.3m | 1.7m | 1.3m | 1.4m | 1.7m | 1.4m | 1.7m | 1.8m | 1.4m | 1.4m | 1.7m | 1.9m | 2.1m | 1.8m | 2.4m | 2.2m | 2.6m | 3.7m | 2.4m | |
17 |
313,409 | 489,726 | 251,497 | 389,612 | 570,799 | 383,804 | 569,646 | 490,643 | 216,708 | 237,095 | 438,343 | 480,934 | 816,700 | 684,310 | 671,657 | 945,754 | 1.1m | 1.4m | 876,377 | |
170/4 |
313,409 | 489,726 | 251,497 | 389,612 | 570,799 | 383,804 | 569,646 | 490,643 | 216,708 | 237,095 | 438,343 | 480,934 | 816,700 | 684,310 | 671,657 | 945,754 | 1.1m | 1.4m | 876,377 | |
42/48 |
1.0m | 1.2m | 1.0m | 1.0m | 1.2m | 979,776 | 1.1m | 1.3m | 1.2m | 1.2m | 1.3m | 1.4m | 1.2m | 1.1m | 1.7m | 1.2m | 1.4m | 2.1m | 1.4m | |
42 |
221,834 | 235,360 | 194,295 | 259,453 | 284,043 | 217,374 | 289,687 | 269,811 | 199,451 | 246,528 | 264,108 | 337,227 | 414,843 | 397,982 | 605,881 | 385,715 | 358,104 | 345,484 | 283,537 | |
44 |
392,507 | 590,376 | 431,753 | 413,769 | 553,612 | 441,483 | 430,498 | 709,433 | 631,403 | 623,538 | 646,961 | 681,068 | 456,937 | 359,419 | 496,059 | 456,015 | 683,623 | 1.0m | 782,460 | |
440/4 |
392,507 | 590,376 | 431,753 | 413,769 | 553,612 | 441,483 | 430,498 | 709,433 | 631,403 | 623,538 | 646,961 | 681,068 | 456,937 | 359,419 | 496,059 | 456,015 | 683,623 | 1.0m | 782,460 | |
45 |
390,489 | 359,826 | 382,781 | 356,256 | 324,673 | 310,647 | 346,616 | 348,832 | 346,414 | 317,519 | 321,625 | 333,169 | 341,331 | 320,046 | 603,156 | 329,838 | 344,311 | 384,563 | 280,573 | |
450/3 |
2,796 | 5,349 | 38,724 | 4,377 | 4,677 | 4,577 | 2,483 | 2,690 | 2,702 | 1,210 | 1,208 | 3,022 | 3,187 | - | - | 17,202 | 42,417 | 97,630 | 5,139 | |
454/9 |
387,692 | 354,477 | 344,057 | 351,879 | 319,996 | 306,070 | 344,133 | 346,142 | 343,713 | 316,309 | 320,417 | 330,148 | 338,144 | 320,046 | 603,156 | 312,637 | 301,894 | 286,933 | 275,435 | |
47/48 |
14,793 | 8,375 | 9,883 | 3,314 | 372 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
492/3 |
- | - | 56,874 | - | 0 | 22,208 | 17,100 | 5,000 | - | - | - | - | 14,796 | 9,954 | 27,015 | 68,215 | 112,485 | 158,597 | 204,291 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | 68,198 | - | - | - | 30,813 | 3,987 | - | - | - | - | - | - | 21,124 | 19,017 | 35,709 | 16,354 | |
9900 |
4.4m | 4.1m | 4.3m | 3.8m | 3.3m | 3.4m | 3.1m | 3.2m | 3.2m | 3.2m | 3.2m | 3.5m | 3.3m | 3.3m | 3.5m | 4.1m | 3.7m | 3.3m | 3.2m | |
62 |
3.5m | 3.4m | 3.6m | 3.2m | 2.7m | 2.8m | 2.8m | 2.8m | 2.8m | 2.7m | 2.8m | 2.9m | 3.1m | 3.0m | 3.0m | 2.9m | 3.0m | 2.7m | 2.5m | |
630 |
508,073 | 492,449 | 392,418 | 477,200 | 397,356 | 352,951 | 330,602 | 301,747 | 304,054 | 365,180 | 319,064 | 495,476 | 479,953 | 576,624 | 479,651 | 531,008 | 510,824 | 589,072 | 547,556 | |
631/4 |
3,099 | 11,403 | 1,526 | -2,876 | 4,209 | 5,444 | 2,895 | 439 | 78,455 | 3,506 | 821 | -1,651 | -6,440 | -12,832 | 25,484 | -1,233 | 19,903 | 19,655 | 195 | |
640/8 |
35,059 | 31,871 | 27,517 | 31,212 | 19,246 | 21,418 | 23,091 | 21,838 | 24,533 | 33,274 | 19,799 | 20,648 | 24,879 | 13,226 | 17,578 | 23,053 | 30,014 | 26,607 | 24,219 | |
66A |
14,339 | 7,674 | - | 47,784 | 39,168 | 4,215 | 3,791 | 4,848 | 28,126 | 3,798 | 14,236 | 9,413 | 14,750 | 3,453 | 1,616 | 2,100 | - | 1,800 | 2,993 | |
9901 |
28,783 | 9,826 | 19,184 | 27,682 | 11,435 | 106,597 | 11,712 | 44,135 | -8,981 | 50,934 | 127,561 | 83,637 | -47,866 | -83,254 | 43,282 | 121,244 | 107,174 | 35,030 | 55,600 | |
75/76B |
11,159 | 22,282 | 19,371 | 134 | 2,569 | 30,980 | 5,283 | 2,922 | 723 | 2,825 | 1,025 | 6,309 | 1,759 | 2,988 | 5,602 | 5,927 | 8,821 | 8,086 | 20,878 | |
75 |
11,159 | 22,282 | 19,371 | 134 | 2,569 | 30,980 | 5,283 | 2,922 | 723 | 2,825 | 1,025 | 6,309 | 1,759 | 2,988 | 5,602 | 5,927 | 8,821 | 8,086 | 20,878 | |
65/66B |
23,300 | 18,849 | 9,194 | 11,441 | 9,974 | 11,618 | 17,392 | 22,055 | 18,556 | 19,225 | 34,584 | 40,996 | 66,522 | 70,369 | 130,705 | 74,784 | 88,301 | 74,899 | 63,537 | |
65 |
23,300 | 18,849 | 9,194 | 11,441 | 9,974 | 11,618 | 17,392 | 22,055 | 18,556 | 19,225 | 34,584 | 40,996 | 66,522 | 70,369 | 130,705 | 74,784 | 88,301 | 74,899 | 63,537 | |
9903 |
16,641 | 13,258 | 29,360 | 16,375 | 4,030 | 125,959 | -398 | 25,003 | -26,814 | 34,533 | 94,002 | 48,951 | -112,629 | -150,635 | -81,822 | 52,387 | 27,694 | -31,784 | 12,941 | |
9904 |
16,641 | 13,258 | 29,360 | 16,375 | 4,030 | 125,959 | 1,601 | 50,967 | 105,957 | 30,735 | 79,766 | 39,538 | -127,379 | -154,088 | -83,438 | 71,411 | 46,710 | 2,125 | 26,301 | |
9905 |
16,641 | 13,258 | 29,360 | 16,375 | 4,030 | 125,959 | 1,601 | 50,967 | 105,957 | 30,735 | 79,766 | 39,538 | -127,379 | - | - | - | - | - | - | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
161,432 | 144,791 | 131,534 | 102,173 | 85,798 | 161,768 | 35,808 | 34,207 | -16,760 | -122,717 | -153,452 | -233,218 | -272,756 | - | - | - | - | - | - | |
14P |
144,791 | 131,534 | 102,173 | 85,798 | 81,768 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
45.3 | 44.7 | 43.2 | 44.4 | 38.7 | 42.8 | 45 | 45 | 45.4 | 48.3 | 51 | 56.9 | 57.8 | 59.6 | 55.9 | 56.6 | 57.4 | 56.2 | 52.5 | |
Hours worked1013 |
70,440 | 70,552 | 69,663 | 72,220 | 68,074 | 64,993 | 71,130 | 73,628 | 74,076 | 74,063 | 74,243 | 78,232 | 81,989 | 81,061 | 76,560 | 77,361 | 77,006 | 77,536 | 74,070 | |
| Document | ||||||||||||||||||||
The accounts for financial year 2006 were filed as a document without figures as data, a scan for example.
The notes to these accounts have 18 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 12-05-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 12-05-2026 | 2026-00110803 | |
| 31-12-2024 | full format | 24-04-2025 | 2025-00077898 | |
| 31-12-2023 | full format | 03-05-2024 | 2024-00083056 | |
| 31-12-2022 | full format | 02-05-2023 | 2023-00081003 | |
| 31-12-2021 | full format | 28-06-2022 | 2022-20100840 | |
| 31-12-2020 | full format | 18-06-2021 | 2021-21300382 | |
| 31-12-2019 | full format | 26-06-2020 | 2020-21800298 | |
| 31-12-2018 | full format | 13-06-2019 | 2019-18000373 | |
| 31-12-2017 | full format | 14-05-2018 | 2018-12700256 | |
| 31-12-2016 | full format | 09-05-2017 | 2017-11500364 | |
| 31-12-2015 | full format | 25-03-2016 | 2016-08300294 | |
| 31-12-2014 | full format | 26-05-2015 | 2015-13200323 | |
| 31-12-2013 | full format | 03-06-2014 | 2014-15000467 | |
| 31-12-2012 | full format | 16-05-2013 | 2013-12400070 | |
| 31-12-2011 | full format | 10-05-2012 | 2012-11300419 | |
| 31-12-2010 | full format | 12-05-2011 | 2011-10900600 | |
| 31-12-2009 | full format | 18-05-2010 | 2010-12000538 | |
| 31-12-2008 | full format | 12-05-2009 | 2009-14300268 | |
| 31-12-2007 | full format | 06-05-2008 | 2008-13100361 | |
| 31-12-2006 | full format | 03-08-2007 | 2007-53200039 |
| Year | Entries | Paid |
|---|---|---|
| 2025 | 9 | €2.0m |
| 2024 | 8 | €2.1m |
| 2023 | 7 | €1.9m |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 536,856 | 502,275 | 411,602 | 504,882 | 408,791 | 459,549 | 342,314 | 345,883 | 295,073 | 416,114 | 446,626 | 579,113 | 432,087 | 493,370 | 522,933 | 652,251 | 617,998 | 624,102 | 603,156 | ||
| 524,714 | 505,707 | 421,778 | 493,575 | 401,386 | 478,911 | 332,203 | 352,715 | 410,011 | 395,915 | 398,831 | 535,014 | 352,574 | 422,536 | 396,213 | 602,419 | 557,535 | 591,198 | 573,857 | ||
| 228,844 | 863,612 | 249,032 | 732,948 | 551,206 | 212,153 | 318,765 | 600,843 | 320,843 | 340,653 | 118,520 | 197,552 | 499,691 | 462,151 | 185,828 | 359,332 | 67,741 | 1.1m | 436,038 | ||
| 787,198 | 201,960 | -274,593 | -521,693 | 307,251 | 37,195 | -259,955 | 653,835 | -386,737 | 247,136 | 214,266 | 88,167 | -76,468 | 69,071 | -299,606 | 395,427 | -269,901 | 411,227 | - | ||
| 1.0m | 646,153 | 629,554 | 318,544 | 723,049 | 467,996 | 340,528 | 267,833 | 134,432 | 147,977 | 338,201 | 40,537 | 83,381 | 417,490 | 615,095 | 781,721 | 187,025 | 39,226 | -4,037 | ||
| 21.3% | 21.1% | 23.0% | 23.9% | 22.1% | 25.6% | 20.9% | 20.4% | 21.0% | 16.8% | 15.0% | 8.8% | 7.8% | 13.5% | 12.8% | 16.1% | 13.4% | 9.5% | 11.2% | ||
| 1.99 | 1.54 | 1.62 | 1.31 | 1.62 | 1.48 | 1.32 | 1.20 | 1.11 | 1.12 | 1.26 | 1.03 | 1.07 | 1.38 | 1.36 | 1.66 | 1.13 | 1.02 | 1.00 | ||
| 2.06 | 2.53 | 2.22 | 2.42 | 2.86 | 2.52 | 3.57 | 3.70 | 3.59 | 4.53 | 5.23 | 9.63 | 11.03 | 5.13 | 5.38 | 3.88 | 5.88 | 9.06 | 7.20 | ||
| 2.6% | 2.0% | 4.9% | 2.8% | 0.7% | 22.9% | 0.3% | 10.3% | 27.2% | 9.7% | 24.2% | 20.1% | -68.3% | -44.3% | -18.6% | 12.6% | 10.6% | 0.5% | 7.8% | ||
| 0.5% | 0.4% | 1.1% | 0.7% | 0.1% | 5.9% | 0.1% | 2.1% | 5.7% | 1.6% | 3.6% | 1.8% | -5.3% | -6.0% | -2.4% | 2.0% | 1.4% | 0.0% | 0.9% | ||
| 23.04 | 26.65 | 44.77 | 44.13 | 40.98 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 48 | 50 | 48 | 49 | 45 |
| full-time | 25 | 32 | 29 | 31 | 29 |
| part-time | 23 | 18 | 19 | 18 | 16 |
| in full-time equivalents | 42.4 | 45.9 | 43.3 | 45.2 | 42.1 |
| 45.3 | 44.7 | 43.2 | 44.4 | 38.7 | |
| On a permanent contract | 44 | 40 | 40 | 42 | 40 |
| Joined | 7 | 8 | 5 | 9 | 8 |
| Left | 9 | 6 | 6 | 6 | 6 |
| Training hours | - | - | - | 57 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €535,243 | €725,086 | €445,792 | €649,066 | €854,842 |
| Pledge on other assets, amount secured | €473,974 | €582,830 | €166,444 | €168,833 | €146,846 |
| Carrying value of the other pledged assets | €345,510 | €517,420 | €258,841 | €208,437 | €314,290 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €228,844 | €857,567 | €238,017 | €732,948 | €551,206 |
| Financial fixed assets | - | €6,046 | €11,015 | - | - |
| €508,073 | €492,449 | €392,418 | €477,200 | €397,356 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 193% higher than in 2024 and the highest since 2020. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 53.6% to 43.9%. Equity and debt are lower.
This non-profit association has no shareholders or capital.
1 other company of this director went bankrupt (2022).
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Source: list of holdings in its own 2019 accounts. Every holding stands with its own latest accounts.
| ROYAL EXCEL MOUSCRON via DECLERCK Patrick, no longer at ROYAL EXCEL MOUSCRON · Director · deed of 18-10-2018 Open bankruptcy · founded in 2010 |
61 FTE (2021) |
| WAPINVEST – FONDS SPIN-OFF / SPIN-OUT via Paul Bertrand, at notélé until 2026 · Director · deed of 08-02-2024 founded in 2007 · negative equity (2025) · group SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DE LA WALLONIE PICARDE |
total assets €16.5m (2025) |
| Réso asbl via Michel DORCHIES (no longer at Réso asbl) and BAREZ Isabelle (no longer at Réso asbl) · deeds of 23-12-2024 and 29-07-2014 founded in 1982 · accounts filed late |
133 FTE (2024) |
| Agence Locale pour l'Emploi entités de Pecq et de Tournai via Michel DORCHIES, no longer at Agence Locale pour l'Emploi entités de Pecq et de Tournai · Director founded in 1995 · negative equity (2024) · accounts filed late |
74 FTE (2024) |
| Collège Technique Saint-Henri via Roby VAN DAELE, at notélé until 2026 · Chair · deed of 01-02-2024 founded in 1938 · accounts filed late |
9.2 FTE (2024) |
| BEBE BOULOT via Michel DORCHIES (no longer at BEBE BOULOT) and BONCHOUX Christophe (no longer at BEBE BOULOT) · deeds of 05-09-2016 and 02-12-2010 founded in 2008 · negative equity (2025) |
42 FTE (2025) |
| Soralia Wallonie picarde via SURLEAU Dominique, no longer at Soralia Wallonie picarde · Member · deed of 05-04-2017 founded in 1991 · accounts filed late |
3.6 FTE (2023) |
| NGM E-PARK via Paul Bertrand, at notélé until 2026 · Manager · deed of 02-09-2020 founded in 2014 · negative equity (2025) |
total assets €471,088 (2025) |
| G&G Consult via SANDERS Guillaume Jean-Charles, no longer at G&G Consult · Director (not named in the articles) · deed of 23-05-2019 founded in 2019 · negative equity (2025) |
total assets €3,148 (2025) |
| FLUXYS BELGIUM via Christian LECLERCQ, no longer at FLUXYS BELGIUM · Member of the executive committee · deed of 03-04-2020 founded in 1929 · group PUBLIGAS |
919 FTE (2025) |
| SOCOFE via BONCHOUX Christophe, no longer at SOCOFE · Director · deed of 22-07-2024 founded in 2000 |
total assets €908.6m (2025) |
| FluxDune via Christian LECLERCQ, no longer at FluxDune · Director · deed of 20-11-2023 founded in 2018 · group PUBLIGAS |
total assets €570.9m (2025) |
| AGENCE INTERCOMMUNALE DE DEVELOPPEMENT ECONOMIQUE DES ARRONDISSEMENTS DE TOURNAI, ATH ET DES COMMUNES AVOISINANTES via BAREZ Isabelle, no longer at AGENCE INTERCOMMUNALE DE DEVELOPPEMENT ECONOMIQUE DES ARRONDISSEMENTS DE TOURNAI, ATH ET DES COMMUNES AVOISINANTES · Director founded in 1990 |
79 FTE (2025) |
| Société de Logements de Mouscron via Gaëtan Vanneste, no longer at Société de Logements de Mouscron · Director · deed of 30-04-2013 founded in 1968 |
61 FTE (2025) |
| SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DE LA WALLONIE PICARDE via Paul Bertrand, at notélé until 2026 · Director · deed of 08-02-2024 founded in 1988 |
total assets €100.7m (2025) |
| SOCIETE TERRIENNE DE CREDIT SOCIAL DU HAINAUT via GALAND Grégoire, no longer at SOCIETE TERRIENNE DE CREDIT SOCIAL DU HAINAUT · Director · deed of 31-12-2019 founded in 1937 |
turnover €2.7m (2025) |
| SOCARIS via Paul Bertrand, at notélé until 2026 · Director · deed of 08-02-2024 founded in 1994 · group SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DE LA WALLONIE PICARDE |
total assets €78.9m (2025) |
| FONDS D'INVESTISSEMENT DANS LES ENTREPRISES CULTURELLES "St'art" via Roby VAN DAELE, at notélé until 2026 · Director · deed of 27-05-2022 founded in 2009 |
5 FTE (2025) |
| THEO via VAN OVERSCHELDE Hélène, at notélé until 2026 · Statutory manager · deed of 11-07-2018 founded in 2007 |
total assets €18.6m (2025) |
| Fédération belge des Banques alimentaires via Roby VAN DAELE, at notélé until 2026 · Director · deed of 01-06-2026 founded in 1988 |
1.8 FTE (2025) |
| VANO IMMO via VAN OVERSCHELDE Hélène, at notélé until 2026 · Director · deed of 03-01-2024 founded in 1986 |
4.7 FTE (2025) |
| WAPI 2020 via Paul Bertrand, at notélé until 2026 · Director · deed of 08-02-2024 founded in 2017 · group SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DE LA WALLONIE PICARDE |
total assets €15.4m (2025) |
| IMMOWELL via Damien Bridoux, no longer at IMMOWELL · Director · deed of 08-12-2017 founded in 1987 · group VPK Group |
total assets €10.0m (2025) |
| Union des Villes et Communes de Wallonie via Christian LECLERCQ, no longer at Union des Villes et Communes de Wallonie · Director · deed of 23-07-2010 founded in 1993 |
76 FTE (2025) |
| Conseil de l'Enseignement des Communes et des Provinces via Christian LECLERCQ, no longer at Conseil de l'Enseignement des Communes et des Provinces · Director · deed of 29-07-2013 founded in 1991 |
24 FTE (2025) |
| Calcaires de la Rive Gauche I via Christian LECLERCQ, no longer at Calcaires de la Rive Gauche I · Membre du collège de gestion founded in 2011 · group HOLCIM (BELGIQUE) - HOLCIM (BELGIE) |
total assets €7.7m (2025) |
| Centre pour l'agronomie et l'agro-industrie de la province de hainaut via Pierre VANDEWATTYNE, at notélé until 2023 · Director · deed of 18-07-2019 founded in 1972 |
39 FTE (2025) |
| Centre de Formation Enseignement des Communes et des Provinces via Christian LECLERCQ, no longer at Centre de Formation Enseignement des Communes et des Provinces founded in 2005 |
total assets €6.9m (2025) |
| Julie CABU, Notaire via Julie CABU, no longer at Julie CABU, Notaire · Manager · deed of 09-07-2018 founded in 2017 |
total assets €4.1m (2025) |
| Association interhospitaliére de la région de Namur via FLAMENT Frédéric, no longer at Association interhospitaliére de la région de Namur · Director founded in 1991 |
total assets €3.5m (2025) |
| Maison de la culture de Tournai - Centre culturel,centre scénique et centre d'expression et de créativité via GALAND Grégoire, no longer at Maison de la culture de Tournai - Centre culturel,centre scénique et centre d'expression et de créativité · Director · deed of 06-06-2019 founded in 1968 |
31 FTE (2025) |
| GESTION CENTRE-VILLE MOUSCRON via NUYTTENS Jean-François, no longer at GESTION CENTRE-VILLE MOUSCRON · Director · deed of 19-11-2019 founded in 1998 |
31 FTE (2025) |
| BRUNIMMOB via Julien Brunin, at notélé until 2026 · Managing director · deed of 07-02-2024 founded in 2003 |
total assets €2.5m (2025) |
| SERVICES INFORMATIQUES POUR PROFESSIONNELS via Paul Bertrand, at notélé until 2026 · Director (not named in the articles) · deed of 14-06-2022 founded in 2001 |
20 FTE (2025) |
| L'ASBL "PROMO-LOGEMENT", Agence immobilière sociale via Philippe Dumortier, no longer at L'ASBL "PROMO-LOGEMENT", Agence immobilière sociale founded in 1996 |
5.9 FTE (2025) |
| GUARAN via Damien Bridoux, no longer at GUARAN · Permanent representative · deed of 31-07-2012 founded in 1996 |
total assets €1.7m (2025) |
| Centre de Ressources de l'Enseignement Officiel Subventionné via Christian LECLERCQ, no longer at Centre de Ressources de l'Enseignement Officiel Subventionné · Director founded in 2016 |
total assets €1.4m (2025) |
| UNIPSO via SURLEAU Dominique, no longer at UNIPSO · Director founded in 1998 |
13 FTE (2025) |
| Tournai Logement via VERLEYE Patrice, no longer at Tournai Logement · Director · deed of 25-03-2013 founded in 1994 |
5.7 FTE (2025) |
| MAISON DU TOURISME DE WALLONIE PICARDE via Pierre VANDEWATTYNE, at notélé until 2023 · Director · deed of 24-11-2022 founded in 2016 |
6 FTE (2025) |
| VANDECASTEELE MOBILITY SOLUTIONS via Nathalie Vandecasteele, no longer at VANDECASTEELE MOBILITY SOLUTIONS · Managing director · deed of 27-01-2020 founded in 1989 · group VANDECASTEELE NOEL & BERNARD |
2 FTE (2025) |
| INTERMIRE via BAREZ Isabelle, no longer at INTERMIRE · Permanent representative founded in 2008 |
total assets €612,780 (2025) |
| BOTACOM via MARECHAL Frédéric, at notélé until 2026 · Director · deed of 05-02-2024 founded in 2016 |
total assets €535,392 (2025) |
| La Fraternelle via Gaëtan Vanneste, no longer at La Fraternelle · Director · deed of 02-04-2024 founded in 1968 |
total assets €441,459 (2025) |
| WALLONIE DEVELOPPEMENT via NUYTTENS Jean-François, no longer at WALLONIE DEVELOPPEMENT · Alternate director · deed of 30-04-2020 founded in 2005 |
1 FTE (2025) |
| Cabex via VAN OVERSCHELDE Hélène, at notélé until 2026 · Director · deed of 03-01-2024 founded in 1981 |
total assets €81,667 (2025) |
| La Maison du Peuple via Nicolas WALLEZ, no longer at La Maison du Peuple · Director · deed of 15-02-2019 founded in 1976 |
turnover €18,970 (2025) |
| Agence locale pour l'Emploi de Bernissart via BAREZ Isabelle, no longer at Agence locale pour l'Emploi de Bernissart · Director |
founded in 1995 |
| Agence locale pour l'Emploi de Chièvres via BUYSE Olivier, at notélé until 2023 · Director · deed of 05-12-2019 |
founded in 1995 |
| AGENCE LOCALE POUR L'EMPLOI DE PERUWELZ via BAREZ Isabelle, no longer at AGENCE LOCALE POUR L'EMPLOI DE PERUWELZ · Director |
founded in 1995 |
| ATHLETIC CLUB BERNISSART- BELOEIL via SURLEAU Dominique, no longer at ATHLETIC CLUB BERNISSART- BELOEIL · Director |
founded in 2005 |
| Centre Psycho-Medico-Social Libre 1 via MORIAU Philippe, no longer at Centre Psycho-Medico-Social Libre 1 · Director · deed of 25-04-2019 |
founded in 1960 |
| Cittaslow Belgium via Christian LECLERCQ, no longer at Cittaslow Belgium · Director and chair · deed of 07-02-2024 |
founded in 2017 |
| Coordination Syndicale Interrégionale Hainaut / Hauts-de-France / West-Vlaanderen via Michel DORCHIES, no longer at Coordination Syndicale Interrégionale Hainaut / Hauts-de-France / West-Vlaanderen · Chair |
founded in 2004 |
| Ecole de la Retraide du Sacré-Coeur via Christian LECLERCQ, no longer at Ecole de la Retraide du Sacré-Coeur · Director |
founded in 1979 |
| Ecole du Ballet du Hainaut ASBL via Paul Bertrand, at notélé until 2026 · Director · deed of 28-11-2019 |
founded in 2019 |
| Festival Royal de Théâtre de Spa via Christian LECLERCQ, no longer at Festival Royal de Théâtre de Spa · Director |
founded in 1996 |
| Fonds de Pension Transport et Logistique via Philippe Dumortier, no longer at Fonds de Pension Transport et Logistique · Director · deed of 07-08-2019 |
founded in 2012 |
| Francisco Ferrer Virton via FLAMENT Frédéric, no longer at Francisco Ferrer Virton |
founded in 1995 |
| LA PISTE AUX ESPOIRS via POTTIEZ Florence (no longer at LA PISTE AUX ESPOIRS) and LANGLAIS Jean-Louis (no longer at LA PISTE AUX ESPOIRS) · Director · deeds of 12-07-2023 and 26-05-2020 |
founded in 2003 |
| LES AMIS DE WATKYNE via Pierre VANDEWATTYNE, at notélé until 2023 · Secretary · deed of 04-03-2026 |
founded in 1997 |
| MAISON DE LA LAICITE VICTOR TEDESCO via FLAMENT Frédéric, no longer at MAISON DE LA LAICITE VICTOR TEDESCO · Director |
founded in 1999 |
| Maison de la Laicité du Hainaut occidental-Tournai via VIFQUIN René, no longer at Maison de la Laicité du Hainaut occidental-Tournai · Director · deed of 07-02-2023 |
founded in 1988 |
| MULTIMOBIL via Michel DORCHIES (no longer at MULTIMOBIL) and BAREZ Isabelle (no longer at MULTIMOBIL) · Director |
founded in 2007 |
| OFP fonds de pension pour le personnel ouvrier de la SA Cimenterie CBR relevant de la sous-commission paritaire pour les fabriques de ciment. via Christian LECLERCQ, no longer at OFP fonds de pension pour le personnel ouvrier de la SA Cimenterie CBR relevant de la sous-commission paritaire pour les fabriques de ciment. · Director · deed of 23-01-2014 |
founded in 1986 |
| PARTI SOCIALISTE - FEDERATION DE WALLONIE PICARDE via SURLEAU Dominique, no longer at PARTI SOCIALISTE - FEDERATION DE WALLONIE PICARDE · Director |
founded in 1995 |
| Tournai Centre-Ville via SANDERS Guillaume Jean-Charles, no longer at Tournai Centre-Ville · Director · deed of 02-03-2023 |
founded in 1998 |
| WAPICARIS via Paul Bertrand, at notélé until 2026 · Director · deed of 11-03-2019 No longer active |
total assets €37.4m (2019) |
| SERVICE D'AIDE FAMILIALE DES ARRONDISSEMENTS DE TOURNAI-ATH-MOUSCRON ET COMMUNES LIMITROPHES via SANDERS Guillaume Jean-Charles, no longer at SERVICE D'AIDE FAMILIALE DES ARRONDISSEMENTS DE TOURNAI-ATH-MOUSCRON ET COMMUNES LIMITROPHES · Director · deed of 05-07-2019 No longer active |
178 FTE (2023) |
| ACTION ET REFLEXION TRAVAILLISTE DE WALLONIE PICARDE via Gaëtan Vanneste, no longer at ACTION ET REFLEXION TRAVAILLISTE DE WALLONIE PICARDE, EN ABREGE : A.R.T. WAPI · Director · deed of 22-08-2022 No longer active |
|
| CULTURE EVENEMENTS via GALAND Grégoire, no longer at CULTURE EVENEMENTS · Director · deed of 05-11-2019 No longer active |
|
| PAIR ONE via Paul Bertrand, at notélé until 2026 · Chair · deed of 22-09-2022 No longer active |
founded in 2022 |
| Name | 2018 | 2019 |
|---|---|---|
| DIVERSIFICATION ET COMMUNICATION | 22% | 55.08% |
Source: list of holdings in its own accounts
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| NO Télé, Télévision locale et communautaire du Hainaut occidental registered office Rue du Follet 20, 7540 Tournai | 06-08-2006 | 2.155.444.027 |
If something looks wrong or is missing, please tell us.