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P-TEL

Active
Public limited companyfounded 200322 yrs activeMolièrelaan 517, 1050 Elsene, BelgiumKBO/BCE: BE 0861.651.691
Summary

The computed 12-month bankruptcy probability of P-TEL is 3.1% (moderate). The 2025 annual accounts show negative equity (-€256,417) and a net result of -€515. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 5% of 263 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability31▲+12
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.09 in 2024; cash: 1% of total assets), and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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 2025
Solvency, return and age of the figures
Return on assets
-2.5%
Age of the figures
15 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 22 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€256,417
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
5 d early
2021
4 d early
2020
2 d early
2019
31 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 6 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

P-TEL was incorporated on 17 November 2003.1 Total assets went from EUR 21,515 in 2019 to EUR 20,348 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€515▲ 65.8%
2024 · -€1,505
Working capital
-€209,053▼ 0.2%
2024 · -€208,538
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
Line20212022202320242025
Operating result-€1,002▲ 13.3%-€889▲ 11.3%-€913▼ 2.7%-€1,445▼ 58.3%-€446▲ 69.1%
Net result-€1,117within the sector's middle half▲ 15.8%-€859below the sector's middle half▲ 23.1%-€962within the sector's middle half▼ 12.0%-€1,505within the sector's middle half▼ 56.4%-€515within the sector's middle half▲ 65.8%
Equity-€252,576below the sector's middle half▼ 0.4%-€253,435below the sector's middle half▼ 0.3%-€254,397below the sector's middle half▼ 0.4%-€255,902below the sector's middle half▼ 0.6%-€256,417below the sector's middle half▼ 0.2%
Total assets€21,164below the sector's middle half▼ 4.0%€21,572below the sector's middle half▲ 1.9%€21,570below the sector's middle half=€20,860below the sector's middle half▼ 3.3%€20,348below the sector's middle half▼ 2.5%
Debt€273,740▲ 0.1%€275,007▲ 0.5%€275,967▲ 0.3%€276,762▲ 0.3%€276,765=
Working capital-€205,212below the sector's middle half▼ 0.5%-€206,071below the sector's middle half▼ 0.4%-€207,033below the sector's middle half▼ 0.5%-€208,538below the sector's middle half▼ 0.7%-€209,053below the sector's middle half▼ 0.2%
Current ratio0.09below the sector's middle half=0.09below the sector's middle half=0.09below the sector's middle half=0.09below the sector's middle half=0.09below the sector's middle half=
Return on assets (ROA)-5.3%below the sector's middle half▲ 0.7pp-4.0%below the sector's middle half▲ 1.3pp-4.5%below the sector's middle half▼ 0.5pp-7.2%below the sector's middle half▼ 2.8pp-2.5%below the sector's middle half▲ 4.7pp
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
-€2,000-€1,500-€1,000-€500€0Operating result 2021: -€1,002-€1,002Net result 2021: -€1,117-€1,117Operating result 2022: -€889-€889Net result 2022: -€859-€859Operating result 2023: -€913-€913Net result 2023: -€962-€962Operating result 2024: -€1,445-€1,445Net result 2024: -€1,505-€1,505Operating result 2025: -€446-€446Net result 2025: -€515-€51520212022202320242025-€2,000-€1,500-€1,000-€500€0Operating result 2023: -€913-€913Net result 2023: -€962-€962Operating result 2024: -€1,445-€1,450Net result 2024: -€1,505-€1,510Operating result 2025: -€446-€446Net result 2025: -€515-€515202320242025
The operating result stays negative: a loss of €446 in 2025 against €1,445 in 2024; the loss shrinks.
Key figures and ratios
2025 value · change against 2024
Debt to equity
-1.08▲
2024 · -1.08
Debt ≤ 1 year
€229,401=
2024 · €229,398
Debt > 1 year
€47,364=
2024 · €47,364
Staff costs
€387▲
2024 · €384
A ratio outside any meaningful range has been withheld (balance sheet total €20,348, equity -€256,417).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a small loss
2.1% went bankrupt
6.0% stopped otherwise
90% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 2,795 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€20,860€20,348▼
Current assets29/58€20,860€20,348▼
Amounts receivable within one year40/41€20,580€20,135▼
Trade receivables40€18,820€18,507▼
Other amounts receivable41€1,760€1,628▼
Cash at bank and in hand54/58€280€213▼
Equity and liabilities
Total equity and liabilities10/49€20,860€20,348▼
Equity10/15-€255,902-€256,417▼
Contributions10/11€80,000€80,000=
Capital10€80,000€80,000=
Issued capital100€80,000€80,000=
Profit (loss) carried forward14-€335,902-€336,417▼
Amounts payable17/49€276,762€276,765=
Amounts payable after more than one year17€47,364€47,364=
Financial debts170/4€47,364€47,364=
Amounts payable within one year42/48€229,398€229,401=
Trade debts44€156,324€156,327=
Suppliers440/4€156,324€156,327=
Other amounts payable47/48€73,074€73,074=
Income statement Code20242025
Goods, raw materials, services and sundry goods60/61€338€308▼
Remuneration, social security and pensions62€384€387▲
Other operating charges640/8€170€88▼
Gross operating margin9900-€891€29▲
Operating profit (loss)9901-€1,445-€446▲
Financial charges65/66B€60€69▲
Recurring financial charges65€60€69▲
Profit (loss) for the period before taxes9903-€1,505-€515▲
Profit (loss) for the period9904-€1,505-€515▲
Profit (loss) for the period to be appropriated9905-€1,505-€515▲
Appropriation of the result
Profit (loss) to be appropriated9906-€335,902-€336,417▼
Profit (loss) brought forward from the previous period14P-€334,397-€335,902▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Goods, raw materials, services and sundry goods60/61-€465€480€338€308▼ 8.9%
Remuneration, social security and pensions62-€348€348€384€387▲ 0.8%
Other operating charges640/8-€76€85€170€88▼ 48.2%
Gross operating margin9900-€581-€465-€480-€891€29▲ 103%
Operating profit (loss)9901-€1,002-€889-€913-€1,445-€446▲ 69.1%
Financial charges65/66B--€30€49€60€69▲ 15.0%
Recurring financial charges65€115-€30€49€60€69▲ 15.0%
Profit (loss) for the period before taxes9903-€1,117-€859-€962-€1,505-€515▲ 65.8%
Profit (loss) for the period9904-€1,117-€859-€962-€1,505-€515▲ 65.8%
Profit (loss) for the period to be appropriated9905-€1,117-€859-€962-€1,505-€515▲ 65.8%
Line20212022202320242025Change
Assets
Total assets20/58€21,164€21,572€21,570€20,860€20,348▼ 2.5%
Current assets29/58€21,164€21,572€21,570€20,860€20,348▼ 2.5%
Amounts receivable within one year40/41€21,164€21,252€21,348€20,580€20,135▼ 2.2%
Trade receivables40-€19,489€19,489€18,820€18,507▼ 1.7%
Other amounts receivable41-€1,763€1,859€1,760€1,628▼ 7.5%
Cash at bank and in hand54/58-€320€222€280€213▼ 23.9%
Equity and liabilities
Total equity and liabilities10/49€21,164€21,572€21,570€20,860€20,348▼ 2.5%
Equity10/15-€252,576-€253,435-€254,397-€255,902-€256,417▼ 0.2%
Contributions10/11€80,000€80,000€80,000€80,000€80,000=
Capital10-€80,000€80,000€80,000€80,000=
Issued capital100-€80,000€80,000€80,000€80,000=
Profit (loss) carried forward14-€332,576-€333,435-€334,397-€335,902-€336,417▼ 0.2%
Amounts payable17/49€273,740€275,007€275,967€276,762€276,765=
Amounts payable after more than one year17€47,364€47,364€47,364€47,364€47,364=
Financial debts170/4--€47,364€47,364€47,364=
Other amounts payable178/9-€47,364----
Amounts payable within one year42/48€226,376€227,643€228,603€229,398€229,401=
Trade debts44€153,790€154,569€155,529€156,324€156,327=
Suppliers440/4-€154,569€155,529€156,324€156,327=
Other amounts payable47/48-€73,074€73,074€73,074€73,074=
Line20212022202320242025Change
Profit (loss) for the period9904-€1,117-€859-€962-€1,505-€515▲ 65.8%
Operating cash flow (approximation)-€1,117-€859-€962-€1,505-€515▲ 65.8%
Change in cash---€98€58-€67▼ 216%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
31-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-01
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial Weakest financial yearnet -€1,505
Net result drops to -€1,505, the lowest in the series; recovery starts the following year.
31-01
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
26-01
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
27-01
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
29-01
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2019
31-12
NBB filing Annual accounts filed
fiscal year 2019 · full schema
30-12
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 333 days late
2018
14-01
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
16-01
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Elsene · 1 establishment unit since 2004
seat establishment The establishment unit on the map
Ground area
215 m²
Building footprint
137 m²
Volume, LiDAR
3,368 m³
Parcel 21447B0345/00W000, Brussels · tallest building 26.5 m, ±8 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
P-Tel
Molièrelaan 517, 1050 ElseneHoldings
since 20042.134.324.355
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21447B0345/00W000 Brussels 215 m² 1 · 137 m² 26.5 m · 8 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,372 companies in sector 61100 we hold annual accounts for 590. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded17-11-2003
Fiscal year end30-06
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
E-invoicing
Reachable via Peppol
Peppol ID 0208:0861651691
Also 9925:BE0861651691
Registered 20-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.