SR TELECOM
SR TELECOM has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34k and a net result of €-189k. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 14% of 387 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
| Equity | €34k |
| Net result | €-189k |
| Staff (FTE) | 11.8 |
| Better than sector | 14% |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 9.1% | 39.7% | |
| Net result | €-189k | €53k | |
| Equity | €34k | €396k | |
| Gross operating margin | €439k | €417k | |
| Staff costs | €599k | €374k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | micro schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-170k | €85k | €60k | €33k | €-66k |
| Net profit | €-189k | €49k | €35k | €10k | €-77k |
| Cash flow | €-176k | €64k | €50k | €26k | €-69k |
| Staff costs | €599k | €583k | €637k | €571k | €559k |
| Income taxes | €431 | €18k | €6k | €4k | €650 |
| Dividends | - | - | - | - | - |
| Total assets | €373k | €523k | €441k | €493k | €341k |
| Equity | €34k | €223k | €173k | €138k | €128k |
| Debt | €338k | €300k | €267k | €355k | €213k |
| of which ≤ 1y | €331k | €297k | €251k | €327k | €213k |
| of which > 1y | €8k | €3k | €16k | €28k | - |
| Working capital | €11k | €192k | €142k | €108k | €112k |
| Employees (FTE) | 11.8 | 11.0 | 12.5 | 12.6 | 12.6 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.03 | 1.65 | 1.57 | 1.33 | 1.52 |
| Quick ratio | 1.03 | 1.65 | 1.57 | 1.33 | 1.52 |
| Working capital ratio | 2.9% | 36.8% | 32.3% | 21.8% | 32.8% |
| Solvency | 9.1% | 42.6% | 39.4% | 28.0% | 37.4% |
| Debt / equity | 9.94 | 1.35 | 1.54 | 2.58 | 1.67 |
| Long-term debt ratio | 0.23 | 0.01 | 0.09 | 0.20 | - |
| Interest coverage | -36.01 | 34.24 | 14.53 | 8.18 | -27.51 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -50.7% | 9.5% | 8.0% | 2.1% | -22.7% |
| ROE | -554.5% | 22.2% | 20.4% | 7.5% | -60.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €373k | €523k | €441k | €493k | €341k |
| Fixed assets | 21/28 | €31k | €33k | €47k | €58k | €16k |
| Tangible fixed assets | 22/27 | €31k | €33k | €47k | €58k | €16k |
| Current assets | 29/58 | €342k | €490k | €394k | €435k | €325k |
| Amounts receivable within one year | 40/41 | €319k | €461k | €363k | €433k | €293k |
| Cash & bank | 54/58 | €22k | €28k | €29k | €408 | €26k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €373k | €523k | €441k | €493k | €341k |
| Equity | 10/15 | €34k | €223k | €173k | €138k | €128k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €79k | €79k | €34k | €34k | €34k |
| Accumulated profits (losses) | 14 | €-63k | €126k | €121k | €86k | €76k |
| Amounts payable | 17/49 | €338k | €300k | €267k | €355k | €213k |
| Amounts payable after one year | 17 | €8k | €3k | €16k | €28k | - |
| Amounts payable within one year | 42/48 | €331k | €297k | €251k | €327k | €213k |
| Trade debts payable within one year | 44 | €140k | €85k | €62k | €103k | €167k |
| Income statement | ||||||
| Gross operating margin | 9900 | €439k | €672k | €704k | €631k | €500k |
| Operating result | 9901 | €-184k | €70k | €45k | €18k | €-74k |
| Financial income | 75 | €63 | €54 | €1 | €47 | €53 |
| Financial charges | 65 | €5k | €2k | €4k | €4k | €2k |
| Result before taxes | 9903 | €-188k | €68k | €41k | €14k | €-77k |
| Income taxes | 67/77 | €431 | €18k | €6k | €4k | €650 |
| Net result for the period | 9904 | €-189k | €49k | €35k | €10k | €-77k |
| Result to be appropriated | 9905 | €-189k | €49k | €35k | €10k | €-77k |
| NACE primary | Construction of utility projects for electricity and telecommunications(42220) |
| Legal form | Private limited company(610) |
| Incorporation | 02-03-2012 |
| Status | Active |
| Postal code | 9160 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B1709/00C000 | Flanders | 1,362 m² | 1 · 240 m² | 9.7 m |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
19-12-2023 Discharge granted to the board
Technical details
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],
"notary": {
"name": "Bart Hutsebaut",
"firm_city": null,
"firm_name": null,
"office_city": "Lokeren",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-12-19",
"filing_date": "2023-12-15",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2023-12-11",
"unanimous": true
}
],
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"subject_company": {
"kbo": "0844.116.071",
"name_full": "SR TELECOM",
"legal_form": "BV"
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"org_name": "BV BOEKHOUDBUREAU ROVEL",
"person_name": null,
"org_rep_person_name": "Jan Van Driessche",
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},
"co_filed_documents": [
"expeditie van het proces-verbaal",
"geco\u00F6rdineerde statuten"
],
"corrected_publication_numac": null
}| Legal nameNL | SR TELECOM |