Equity
-€16,502
Debts exceed assets in financial year 2025.
Telarya
Lifetime
3 annual accounts with figures on one time axispeak -€2,510 (2023)
-€23,425▼ €11,190
lowest -€24,145 (2025)
-€24,145▼ €11,031
peak €8,256 (2023)
-€16,502▼ €24,145
€31,673▲ 69×
Board6 names since 2023
4 directorsALTUNBAY Ahmet Turan and 3 others
Documentsfilings and deeds
02-04-2026120 days before the deadline
2025micro format
Gross margin from -€12,234 to -€23,425Loss of €24,145Resignations: Karl Geerts (director) and Ersan Urganci (direc… 18-08Equity from €7,643 to -€16,502Debts from €458 to €31,673Cash from €4,126 to €6,500
Key points
from the 2025 annual accountsLosses
-€41,502 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€31,673 209% of the balance sheet
Investments
€556 48.7 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.46 was 17.68 in 2024
Short-term debts rose from €458 to €31,673.
Position in the sector
-108.8%
Lower solvency than 95% of companies in computer programming and consultancy. Sector median 60.0% · 21,208 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 9% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: 0.1%▲ +0.1 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.2 percentage points vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026highest value
08-2026: 0.3%● unchanged vs 07-2026highest value
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€16,502
Loss of €24,145, the second in a row (financial year 2025)
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €15,171
Calculation
The band follows from the bankruptcy probability. 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 62, micro). It does better than 3% of them on solvency, 27% on liquidity, 5% on profitability and 1% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as Telarya has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Telarya itself is lower: 0.3% within 12 months. It rests on far more data about Telarya than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for Telarya. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.46 (17.68 in 2024), below 1. Short-term debt is 208.8% and cash 42.8% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€16,502
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 02-04-2026, 120 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
120 days early
2024
8 days late
2023
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 42 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (3 of the last 3 accounts filed within 107 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ALTUNBAY Ahmet Turan 881,250 sharesdeed of 10-05-2023
- BAYKAL Erol Adnan Ferdi 1,381,250 sharesdeed of 10-05-2023
- GEERTS Karl 881,250 sharesdeed of 10-05-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0801561181
Resignations: Karl Geerts (director) and Ersan Urganci (director)
Director discharge: Karl Geerts · Director discharge: Ersan Urganci · General meeting of 24-08-2024 · Gazette deed
Incorporation
Founding capital of €25,000, 5,000,000 shares, €12,500 paid up · Founders: ALTUNBAY Ahmet Turan, BAYKAL Erol Adnan Ferdi, GEERTS Karl and 3 others · Appointments: ALTUNBAY Ahmet Turan, BAYKAL Erol Adnan Ferdi, GEERTS, MAGUED Mohamed and URGANCI Ersan · published on 10-05-2023 · Gazette deed
First establishment
Heikrekelstraat 1, Beringen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Telarya Beringen | €15,171 | -€23,425 | -108.8% | - |
| ROGUE6 Heers | €14,896 | €592 | 30.1% | - |
| Cognetic Overijse | €15,108 | -€9,200 | -17.1% | - |
| DGLK Leuze-en-Hainaut | €14,876 | -€2,514 | 11.8% | - |
| ULTRIX Aalst | €15,162 | €426 | 94.0% | - |
| T&H Services / Web Uccle | €16,157 | €934 | 17.1% | - |
| Festival Radar Leuven | €15,063 | -€13,504 | 32.9% | - |
These companies have the same main activity as Telarya: computer programming (NACE 62100). They are comparable in size and age: total assets between €14,900 and €16,200, founded in 2023.
Official details
Source: KBO- Status
- Active since 08-05-2023Normal situation
- Activity
- Computer programmingNACE 62100and 3 others
- Establishment unit
- 2.345.195.3283581 Beringen, since 08-05-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Annual accounts 2025
- €15,171▲ 87.3%
- Filing
- Filed on 02-04-2026, 120 days before the end of the filing period
Insights on Telarya
Telarya files the micro format. That format states no turnover. The gross margin fell from -€2,510 in 2023 to -€23,425 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Telarya
- What is the company number of Telarya?
- The company number of Telarya is 0801.561.181. The VAT number is the same number with BE in front: BE 0801.561.181.
- Where is Telarya based?
- The registered office is at Heikrekelstraat 1, 3581 Beringen.Company details
- What does Telarya do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of Telarya?
- Telarya is a private limited company (BV).
- When was Telarya founded?
- Telarya was founded on 08-05-2023.
- Is Telarya still active?
- Yes, Telarya is an active enterprise in the KBO register.
- What is the turnover of Telarya?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Telarya profitable?
- In financial year 2025, Telarya made a loss of €24,145.
- Where can I find the annual accounts of Telarya?
- Telarya filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Telarya due?
- Telarya must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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