T.E.L. Projects
Annual accounts 2025
micro format, filed on 01-06-2026, 60 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €400,000. Estimated: probably between €240,000 and €730,000.
Balance sheet
balance sheet total €113,201 on 31-12-2025in euro
in euro
Position in the sector
91.9%
Higher than 95% of 35,060 companies in 2025.
12.02
Higher than 95% of 34,437 companies in 2025.
27.0%
Higher than 85% of 34,637 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
113,201 | 76,830 | 104,766 | 73,282 | 38,281 | |
21/28 |
8,116 | 2,601 | 1,270 | 1,590 | 529 | |
22/27 |
8,116 | 2,601 | 1,270 | 1,590 | 529 | |
23 |
1,888 | 2,601 | 1,270 | 1,590 | - | |
24 |
6,227 | 0 | - | - | 529 | |
29/58 |
105,085 | 74,229 | 103,496 | 71,692 | 37,753 | |
40/41 |
22,931 | 17,898 | 16,406 | 31,562 | 23,920 | |
40 |
19,483 | 12,502 | 12,665 | 13,104 | 17,965 | |
41 |
3,448 | 5,395 | 3,741 | 18,459 | 5,955 | |
54/58 |
81,761 | 56,059 | 86,893 | 39,940 | 13,833 | |
490/1 |
393 | 272 | 197 | 190 | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
113,201 | 76,830 | 104,766 | 73,282 | 38,281 | |
10/15 |
103,983 | 73,466 | 101,299 | 67,632 | 27,933 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
13 |
100,983 | 70,466 | 98,299 | 64,632 | 24,933 | |
133 |
100,983 | 70,466 | 98,299 | 64,632 | 24,933 | |
17/49 |
9,217 | 3,363 | 3,468 | 5,651 | 10,348 | |
42/48 |
8,740 | 3,363 | 3,468 | 5,651 | 10,348 | |
43 |
2,500 | 2,500 | 2,500 | 2,467 | 2,508 | |
430/8 |
2,500 | 2,500 | 2,500 | 2,467 | 2,508 | |
44 |
67 | 63 | 968 | 847 | 5,194 | |
440/4 |
67 | 63 | 968 | 847 | 5,194 | |
45 |
3,910 | - | - | 2,337 | 2,194 | |
450/3 |
748 | - | - | - | - | |
454/9 |
3,162 | - | - | 2,337 | 2,194 | |
47/48 |
2,262 | 800 | - | - | 452 | |
492/3 |
478 | - | - | - | - | |
| Income statement | ||||||
9900 |
47,660 | 33,259 | 44,733 | 51,259 | 33,142 | |
630 |
6,480 | 633 | 320 | 538 | 531 | |
631/4 |
- | 120 | - | - | - | |
640/8 |
732 | 800 | 881 | 714 | 496 | |
9901 |
40,447 | 31,706 | 43,532 | 50,007 | 32,114 | |
75/76B |
- | - | 0 | 413 | - | |
75 |
- | - | 0 | 413 | - | |
65/66B |
1,682 | 1,089 | 998 | 860 | 948 | |
65 |
1,682 | 1,089 | 998 | 860 | 948 | |
9903 |
38,765 | 30,617 | 42,534 | 49,559 | 31,166 | |
67/77 |
8,248 | 6,449 | 8,867 | 9,860 | 6,233 | |
9904 |
30,517 | 24,168 | 33,667 | 39,699 | 24,933 | |
9905 |
30,517 | 24,168 | 33,667 | 39,699 | 24,933 | |
| Appropriation of the result | ||||||
9906 |
30,517 | 24,168 | 33,667 | 39,699 | 24,933 | |
791/2 |
- | 52,000 | - | - | - | |
691/2 |
30,517 | 24,168 | 33,667 | 39,699 | 24,933 | |
6921 |
30,517 | 24,168 | 33,667 | 39,699 | 24,933 | |
694/7 |
- | 52,000 | - | - | - | |
694 |
- | 52,000 | - | - | - | |
| Document | ||||||
The notes to these accounts have 5 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 01-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-06-2026 | 2026-00130861 | |
| 31-12-2024 | micro format | 05-06-2025 | 2025-00122027 | |
| 31-12-2023 | micro format | 19-02-2024 | 2024-00031503 | |
| 31-12-2022 | micro format | 27-06-2023 | 2023-00166064 | |
| 31-12-2021 | micro format | 03-06-2022 | 2022-20046996 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 46,927 | 32,340 | 43,852 | 50,545 | 32,645 | ||
| 36,997 | 24,801 | 33,987 | 40,237 | 25,464 | ||
| 11,995 | 1,964 | 0 | 1,600 | 1,060 | ||
| 25,701 | -30,834 | 46,953 | 26,107 | - | ||
| 96,345 | 70,865 | 100,028 | 66,041 | 27,404 | ||
| 91.9% | 95.6% | 96.7% | 92.3% | 73.0% | ||
| 12.02 | 22.07 | 29.84 | 12.69 | 3.65 | ||
| 0.09 | 0.05 | 0.03 | 0.08 | 0.37 | ||
| 29.3% | 32.9% | 33.2% | 58.7% | 89.3% | ||
| 27.0% | 31.5% | 32.1% | 54.2% | 65.1% | ||
| 27.90 | 29.69 | 43.94 | 58.76 | 34.44 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €11,995 | €1,964 | - | €1,600 | €1,060 |
| €6,480 | €633 | €320 | €538 | €531 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on T.E.L. Projects
The operating result for 2025 is 28% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 4.4% to 8.1%. Equity and debt are higher.