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NTT Belgium

Active
Public limited companyfounded 1984active for 42 yearsTelecomlaan 5, 1831 Machelen (Brab.), Belgium11 active companies are registered at this addressKBO/BCE: BE 0425.907.303
Summary

NTT Belgium has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €11.8m and a net result of -€2.2m. Equity is shrinking by about 4.5% per year across the filed financial years. Its solvency ranks better than 9% of 305 sector peers (NACE 46, financial year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Wholesale of electrical equipment, including installation materials
NACE 46643Wholesale of information and communication equipment NACE 46500
2nd largest employer in Machelen, Wholesale and retail trade sector2 sites
Size
€422.6mturnover 2026
Staff
422.5 FTE
Equity
€11.8m
Loss
-€2.2m
Financial health
82 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
ComTech Holdings · 100%
Holdings
1
Auditor: KPMG Bedrijfsrevisoren BV/SRLAccounts 44 days early8 of 45 deeds read
Why 82raises riskEquity €11.8m (4.7% of total assets)Loss of €2.2m, the second in a row (financial year 2026)lowers riskSize: turnover €422.6m, 422.5 FTE, total assets €254.7mFounded in 1984Show the evidence

Checked score

Score 2026
82 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 24% of its sector peers (NACE 46, large)
Financial strength · tick = 2025
Weak
Solvency 30-1
equity 4.7% of total assets
Liquidity 31+1
short-term debt 58.7% · cash 9.3%
Profitability 18+2
return on assets -0.9%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (132 companies, NACE 46, large)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025highest value 11-2025: 0.5%● unchanged vs 10-2025highest value 12-2025: 0.5%● unchanged vs 11-2025highest value 01-2026: 0.5%● unchanged vs 12-2025highest value 02-2026: 0.5%● unchanged vs 01-2026highest value 03-2026: 0.5%● unchanged vs 02-2026highest value 04-2026: 0.5%● unchanged vs 03-2026highest value 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.3%▼ -0.2 percentage points vs 09-2026lowest value
Credit of up to €950,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.7, compared with 1.77 in 2025, above the usual 1.5; short-term debt: 58.7% and cash: 9.3% of total assets), but 95.3% of the assets are financed with debt and provisions.
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, large): better than 8% on solvency, 49% on liquidity, 11% on profitability and 26% on growth.

The bankruptcy probability was computed on 21-10-2026 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

Seven signals.
lowers riskraises riskneutral
raises risk · Equity €11.8m (4.7% of total assets)
NBB · annual accounts
lowers risk · Size: turnover €422.6m, 422.5 FTE, total assets €254.7m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1984
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Loss of €2.2m, the second in a row (financial year 2026)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026
Net result per financial year
1920212223242526
2019 to 2026 · latest year -€2.2m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 305 sector peers (2026).
NBB · sector comparison
Position among 305 sector peers
Solvency
better than 9%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 17-09-2026, 44 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
44 days early
2025
45 days early
2024
6 days early
2023
19 days early
2022
4 days early
2021
27 days early
2020
3 days late
← 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 20 days before 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)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 12 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
22-10-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · full…
  2. Resignation: Robin Joncheere (director)Appointment: Bart Guelinckx (director) ·…
  3. Reappointment: KPMG Bedrijfsrevisoren BV / SRL…Permanent representative: Dave Minnoy

Key points

  • Caution: Among the weakest 5% on net resultsector median €157,172 · 298 companies -€2.2m View
  • Caution: Board changedlatest change 06-08-2026 · 2 in office 1 joined · 2 left View
  • Positive: Result rose in 2026from -€6.4m to -€2.2m ▲ 65.3% View
  • EU supportawarded from 2021 to 2025 €226.4m View
  • Controlled by ComTech Holdingsultimately: Nippon Telegraph and Telephone… 100% View
  • Caution: 2 loss-making years in a rowloss financial year 2026 -€2.2m View
  • Positive: Filed on time since financial year 2021accounts within the deadline every year 6 years View

By topic

Financials

Financial year
2026
Turnover
€422.6m
Loss
-€2.2m
Solvency
4.7%
Turnover▼ 2.1%
Net result
20192026
Go to Financials

Board & ownership

Board
2 members
Parent
ComTech Holdings · 100%
Auditor
KPMG Bedrijfsrevisoren BV/SRL
  • Alberta Josephine VAN ZYLDirector
  • Bart GuelinckxCEO
Go to Board & ownership

Timeline

Events
51
Since
1986
Next accounts
by 31-10-2027
  1. 16-01-2026Resignations: Roberto Lopez (director) and Dirk Behrens…
  2. 16-09-2025Annual accounts filed
  3. 31-12-2024Permanent representatives: Dave Minnoy and Alexis Palm
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Wholesale of electrical equipment, including installation materialsNACE 46643
Founded
12-06-1984
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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