T.V. Com.
ActiveSummary
T.V. Com. has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €453k and a net result of €28k. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 44% of 72 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+13
Solvency59▲+6
Growth31▼-4
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 1.66 in 2024; short-term debt: 43.3% and cash: 52.5% of total assets), but 66.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.8%
Return on assets
2.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
11 d late
2023
14 d early
2022
18 d early
2021
23 d early
2020
32 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.07M▼ 4.9%
2024 · €1.12M
EBIT margin
2.5%▲ 10.7pp
2024 · -8.2%
Net result
€28k
2024 · €-90k
Working capital
€600k▲ 22.0%
2024 · €492k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.10M€1.12M▲ 2.0%€1.07M▼ 4.9%
Operating result€68k▲ 320%€-86k€-8k▲ 90.5%€-93k▼ 1,030%€26k
Net result€64k▲ 599%€-87k€-8k▲ 91.3%€-90k▼ 1,085%€28k
EBIT margin-0.7%-8.2%▼ 7.5pp2.5%▲ 10.7pp
Equity€603k▼ 5.6%€521k▼ 13.7%€522k▲ 0.2%€403k▼ 22.6%€453k▲ 12.4%
Total assets€1.49M▲ 17.7%€1.88M▲ 25.7%€1.79M▼ 4.3%€1.43M▼ 20.4%€1.34M▼ 6.0%
Debt€610k▲ 74.5%€1.08M▲ 76.3%€994k▼ 7.6%€762k▼ 23.3%€626k▼ 17.8%
Working capital€817k▲ 33.1%€629k▼ 23.1%€585k▼ 6.9%€492k▼ 16.0%€600k▲ 22.0%
Staff (FTE)24.4▼ 1.6%25▲ 2.5%24.8▼ 0.8%25.1▲ 1.2%24.6▼ 2.0%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €26k after a loss of €93k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.34M
Fixed assets
€161k ▼ 15.6%
Current assets
€1.18M ▼ 4.5%
Equity and liabilities €1.34M
Equity
€453k ▲ 12.4%
Provisions
€263k =
Debt
€626k ▼ 17.8%
Debt's share of the balance-sheet total falls from 53.4% to 46.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€123k▲
2024 · €85k
Cash flow
€125k▲
2024 · €88k
Current ratio
2.03▲
2024 · 1.66
Debt to equity
1.38▼
2024 · 1.89
ROE
6.2%▲
2024 · -22.4%
ROA
2.1%▲
2024 · -6.3%
Interest coverage
85.12▼
2024 · 291.42
Debt ≤ 1 year
€581k▼
2024 · €745k
Income taxes
€320▲
2024 · €307
Staff costs
€2.16M▼
2024 · €2.19M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €1.10M | €1.12M | €1.07M | ▼ 4.9% |
| Non-recurring operating income76A | €364 | €553 | €13 | - | €28k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €1.16M | €1.21M | €1.14M | ▼ 5.1% |
| Remuneration, social security and pensions62 | €1.63M | €2.05M | €2.07M | €2.19M | €2.16M | ▼ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €111k | €191k | €169k | €178k | €97k | ▼ 45.4% |
| Other operating charges640/8 | €10k | €14k | €15k | €16k | €17k | ▲ 4.1% |
| Non-recurring operating charges66A | - | €1k | €2k | €16k | €2k | ▼ 88.1% |
| Gross operating margin9900 | €1.82M | €2.17M | €2.24M | €2.29M | €2.30M | ▲ 0.6% |
| Operating profit (loss)9901 | €68k | €-86k | €-8k | €-93k | €26k | ▲ 128% |
| Financial income75/76B | - | €7 | €1k | €3k | €4k | ▲ 20.7% |
| Recurring financial income75 | - | €7 | €1k | €3k | €4k | ▲ 20.7% |
| Financial charges65/66B | €4k | €482 | €604 | €292 | €1k | ▲ 396% |
| Recurring financial charges65 | €2k | €482 | €604 | €292 | €1k | ▲ 396% |
| Non-recurring financial charges66B | €2k | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €65k | €-87k | €-7k | €-90k | €28k | ▲ 132% |
| Income taxes67/77 | €272 | €274 | €280 | €307 | €320 | ▲ 4.3% |
| Profit (loss) for the period9904 | €64k | €-87k | €-8k | €-90k | €28k | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | €64k | €-87k | €-8k | €-90k | €28k | ▲ 131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.49M | €1.88M | €1.79M | €1.43M | €1.34M | ▼ 6.0% |
| Fixed assets21/28 | €215k | €338k | €313k | €191k | €161k | ▼ 15.6% |
| Intangible fixed assets21 | €4k | €7k | €3k | - | €2k | - |
| Tangible fixed assets22/27 | €209k | €328k | €308k | €188k | €157k | ▼ 16.7% |
| Plant, machinery and equipment23 | €37k | €209k | €189k | €81k | €61k | ▼ 24.4% |
| Furniture and vehicles24 | €392 | €833 | €417 | - | - | - |
| Other tangible fixed assets26 | €172k | €118k | €119k | €107k | €96k | ▼ 10.8% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €1.28M | €1.54M | €1.48M | €1.24M | €1.18M | ▼ 4.5% |
| Amounts receivable within one year40/41 | €512k | €925k | €1.05M | €578k | €473k | ▼ 18.2% |
| Trade receivables40 | €204k | €619k | €748k | €426k | €311k | ▼ 27.1% |
| Other amounts receivable41 | €308k | €306k | €303k | €151k | €162k | ▲ 7.0% |
| Cash at bank and in hand54/58 | €738k | €582k | €426k | €656k | €704k | ▲ 7.4% |
| Deferred charges and accrued income490/1 | €27k | €31k | €4k | €4k | €4k | ▲ 12.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.49M | €1.88M | €1.79M | €1.43M | €1.34M | ▼ 6.0% |
| Equity10/15 | €603k | €521k | €522k | €403k | €453k | ▲ 12.4% |
| Profit (loss) carried forward14 | €428k | €341k | €333k | €243k | €271k | ▲ 11.6% |
| Investment grants15 | €175k | €180k | €188k | €160k | €182k | ▲ 13.5% |
| Provisions and deferred taxes16 | €280k | €280k | €280k | €263k | €263k | = |
| Provisions for liabilities and charges160/5 | €280k | €280k | €280k | €263k | €263k | = |
| Other liabilities and charges164/5 | €280k | €280k | €280k | €263k | €263k | = |
| Amounts payable17/49 | €610k | €1.08M | €994k | €762k | €626k | ▼ 17.8% |
| Amounts payable within one year42/48 | €460k | €909k | €897k | €745k | €581k | ▼ 22.1% |
| Trade debts44 | €250k | €677k | €672k | €500k | €343k | ▼ 31.3% |
| Suppliers440/4 | €250k | €677k | €672k | €500k | €343k | ▼ 31.3% |
| Taxes, remuneration and social security45 | €210k | €232k | €225k | €245k | €237k | ▼ 3.2% |
| Taxes450/3 | €285 | - | - | - | - | - |
| Remuneration and social security454/9 | €210k | €232k | €225k | €245k | €237k | ▼ 3.2% |
| Accrued charges and deferred income492/3 | €149k | €166k | €97k | €17k | €45k | ▲ 171% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64k | €-87k | €-8k | €-90k | €28k | ▲ 131% |
| + Depreciation and write-downs630 | €111k | €191k | €169k | €178k | €97k | ▼ 45.4% |
| Operating cash flow (approximation) | €176k | €104k | €161k | €88k | €125k | ▲ 43.1% |
| Investment in fixed assets (approximation) | - | €-314k | €-144k | €-56k | €-67k | ▼ 21.2% |
| Change in cash | - | €-156k | €-156k | €229k | €48k | ▼ 78.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €28k
Net result €28k after 3 loss-making years.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 11 days late
2024
31-12
Financial
Weakest financial yearnet €-90k
Net result drops to €-90k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €64k ▲599%
Operating result €68k, net result €64k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
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 8 acts read
About the unread acts
We know of 8 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
8 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2006
Ground area
160 m²
Building footprint
173 m²
Volume, LiDAR
1,695 m³
Parcel 25016A0146/00R000, Wallonia · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
T.V. Com.
since 20062.155.368.803
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25016A0146/00R000 | Wallonia | 160 m² | 1 · 173 m² | 11.8 m · 3 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.
Public money · subsidies and aid
Wallonia-Brussels Federation
2023 to 2025 · 21 entries · 3,375,273 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 9 | 1,239,480 EUR |
| 2024 | 5 | 1,071,877 EUR |
| 2023 | 7 | 1,063,915 EUR |
Budget allocations
Subventions aux médias de proximité
Subventions aux médias de proximité relatives à l'emploi dans le secteur socioculturel
Subventions aux médias de proximité pour l'acquisition d'équipement
Dépenses suite aux coûts exceptionnels liés aux inondations de juillet 2033
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Of 1,372 companies in sector 61100 we hold annual accounts for 583. 343 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded03-05-1976
Fiscal year end31-12
Activities, NACEBEL 2025
60200Programming, broadcasting, news agency and other content distribution activities
61100Wired, wireless and satellite telecommunications
Scores and ratios are computed by Checked and are not a credit decision.