TELCOM
ActiveTELCOM has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €923k and a net result of €2k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 28% of 395 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
64
/ 100
Healthy▲ +14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability1▲+1
Solvency38▼-14
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.28 in 2024), and 76.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
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
23.7%
Return on assets
0.1%
Age of the figures
14 mo
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d late
2022
26 d early
2021
8 d early
2020
2 d early
2019
on the day
2018
5 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€923k▲ 0.2%
2024 · €921k
2018: €606k
2019: €725k
2020: €929k
2021: €1.08M
2022: €930k
2024: €921k
2018 → 2025
Total assets
€3.89M▲ 23.0%
2024 · €3.16M
2018: €2.36M
2019: €2.29M
2020: €2.54M
2021: €2.12M
2022: €2.40M
2024: €3.16M
2018 → 2025
Net result
€2k
2024 · €-8k
2018: €8k
2019: €119k
2020: €504k
2021: €151k
2022: €149k
2024: €-8k
2018 → 2025
Working capital
€432k▼ 19.6%
2024 · €537k
2018: €245k
2019: €306k
2020: €590k
2021: €759k
2022: €615k
2024: €537k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€929k-€1.08M▲ 16.3%€930k▼ 14.0%€921k▼ 0.9%€923k▲ 0.2%
Operating result€682k-€235k▼ 65.5%€232k▼ 1.5%€66k▼ 71.6%€75k▲ 13.7%
Net result€504k-€151k▼ 70.0%€149k▼ 1.3%€-8k€2k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 14% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.89M
Fixed assets
€875k▲ 24.7%
Current assets
€3.02M▲ 22.5%
Equity and liabilities €3.89M
Equity
€923k▲ 0.2%
Debt
€2.97M▲ 32.3%
The debt ratio rises from 70.9% to 76.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€345k▼
2024 · €480k
Cash flow
€273k▼
2024 · €406k
Solvency
23.7%▼
2024 · 29.1%
Current ratio
1.17▼
2024 · 1.28
Quick ratio
0.65▼
2024 · 0.89
Debt / equity
3.22▲
2024 · 2.44
ROE
0.2%▲
2024 · -0.9%
ROA
0.1%▲
2024 · -0.3%
Interest coverage
6.25▼
2024 · 8.81
Debt
€2.97M▲
2024 · €2.24M
Debt ≤ 1 year
€2.59M▲
2024 · €1.93M
Debt > 1 year
€384k▲
2024 · €318k
Income taxes
€20k▼
2024 · €20k
Staff costs
€3.95M▼
2024 · €4.41M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.16M€3.89M▲
Fixed assets21/28€702k€875k▲
Intangible fixed assets21€25k€22k▼
Tangible fixed assets22/27€677k€853k▲
Land and buildings22€21k€19k▼
Plant, machinery and equipment23€192k€370k▲
Furniture and vehicles24€464k€464k=
Financial fixed assets28€0-
Current assets29/58€2.46M€3.02M▲
Stocks and contracts in progress3€747k€1.33M▲
Stocks30/36€88k€553k▲
Contracts in progress37€659k€776k▲
Amounts receivable within one year40/41€1.52M€1.42M▼
Trade receivables40€1.44M€1.31M▼
Other amounts receivable41€81k€106k▲
Cash at bank and in hand54/58€174k€238k▲
Deferred charges and accrued income490/1€23k€31k▲
Equity and liabilities
Total equity and liabilities10/49€3.16M€3.89M▲
Equity10/15€921k€923k▲
Contributions10/11€425k€425k=
Capital10€425k€425k=
Issued capital100€425k€425k=
Reserves13€505k€505k=
Non-distributable reserves130/1€57k€57k=
Legal reserve130€43k€43k=
Reserves not available under the articles1311€15k€15k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€443k€443k=
Profit (loss) carried forward14€-8k€-6k▲
Amounts payable17/49€2.24M€2.97M▲
Amounts payable after more than one year17€318k€384k▲
Financial debts170/4€318k€384k▲
Amounts payable within one year42/48€1.93M€2.59M▲
Current portion of amounts payable after more than one year42€290k€311k▲
Financial debts43€240k€240k▲
Credit institutions430/8€240k€240k▲
Trade debts44€733k€1.10M▲
Suppliers440/4€733k€1.10M▲
Taxes, remuneration and social security45€269k€376k▲
Taxes450/3€23k€27k▲
Remuneration and social security454/9€247k€349k▲
Other amounts payable47/48€394k€559k▲
Income statement
Code20242025
Remuneration, social security and pensions62€4.41M€3.95M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€414k€271k▼
Other operating charges640/8€44k€20k▼
Gross operating margin9900€4.94M€4.31M▼
Operating profit (loss)9901€66k€75k▲
Financial income75/76B€448€3k▲
Recurring financial income75€448€3k▲
Financial charges65/66B€54k€55k▲
Recurring financial charges65€54k€55k▲
Profit (loss) for the period before taxes9903€12k€22k▲
Income taxes67/77€20k€20k▼
Profit (loss) for the period9904€-8k€2k▲
Profit (loss) for the period to be appropriated9905€-8k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-6k▲
Profit (loss) brought forward from the previous period14P-€-8k
Transfer from equity791/2€0-
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 3 days late
2024
30-06
Financial
Weakest financial yearnet €-8k ▼106%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.08M ▲16.3%
4 profitable years in a row build equity to €1.08M.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €504k ▲324%
Operating result €682k, net result €504k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
ORIS Elke
CurrentDirector · since 13-12-2023
ORIS Kristof
CurrentDirector · since 13-12-2023
13-12-2023
ORIS Elke: Appointed as Director
13-12-2023
ORIS Elke: Appointed as Daily management
13-12-2023
ORIS Kristof: Appointed as Director
Location & real-estate footprint
Registered office, Hulshout · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Magazijnenstraat 42235 HulshoutGround area
3,358 m²
Building footprint
218 m²
Volume, LiDAR
857 m³
Parcel 13016B0001/00Z006, Flanders · tallest building 4.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TELCOM
since 19972.046.396.825
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13016B0001/00Z006 | Flanders | 3,358 m² | 1 · 218 m² | 4.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ACROTECH
BE 0463.790.058
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ENGENEERING CABLING SYSTEM
BE 0438.198.587
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ZWAENEPOEL CONSTRUCT
BE 0833.010.759
De Haan · Eq €902k
ENERCON SERVICES BELGIUM
BE 0806.283.202
Jabbeke · Eq €896k
SARINFRA
BE 0679.659.796
Lokeren · Eq €892k
Of 1,806 companies in sector 42220 we hold annual accounts for 947. 436 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-12-1989
Fiscal year end30-06
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
45215
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.