TELCOMA
ActiveTELCOMA has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €298k and a net result of €90k. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 7733 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-3
Solvency41▼-22
Growth71▲+5
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.09 in 2024; short-term debt: 18.1% and cash: 0.7% of total assets), and 84.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
15.7%
Return on assets
4.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7733 sector peers (2025).
NBB · sector comparisonPosition among 7733 sector peers
Solvency
better than 23%
← weakest
strongest →
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 02-05-2026, 90 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
90 d early
2024
60 d early
2023
62 d early
2022
84 d early
2021
68 d early
2020
101 d early
2019
107 d early
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€181k▲ 39.7%
2024 · €129k
2018: €108k
2019: €108k
2020: €103k
2021: €93k
2022: €106k
2023: €144k
2024: €129k
2018 → 2025
EBIT margin
74.0%▲ 9.9pp
2024 · 64.2%
2018: 13.2%
2019: 8.5%
2020: 40.0%
2021: 19.3%
2022: 36.0%
2023: 63.4%
2024: 64.2%
2018 → 2025
Net result
€90k▲ 101%
2024 · €45k
2018: €10k
2019: €5k
2020: €27k
2021: €10k
2022: €21k
2023: €59k
2024: €45k
2018 → 2025
Working capital
€-329k▼ 176%
2024 · €-119k
2018: €24k
2019: €29k
2020: €53k
2021: €-30k
2022: €-35k
2023: €-103k
2024: €-119k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€93k-€106k▲ 13.8%€144k▲ 36.2%€129k▼ 10.1%€181k▲ 39.7%
Equity€83k-€104k▲ 25.3%€164k▲ 56.9%€208k▲ 27.4%€298k▲ 43.1%
Operating result€18k-€38k▲ 112%€91k▲ 140%€83k▼ 9.1%€134k▲ 61.2%
Net result€10k-€21k▲ 115%€59k▲ 182%€45k▼ 24.6%€90k▲ 101%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 61% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.90M
Fixed assets
€1.88M▲ 248%
Current assets
€14k▲ 19.9%
Equity and liabilities €1.90M
Equity
€298k▲ 43.1%
Debt
€1.60M▲ 364%
The debt ratio rises from 62.3% to 84.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€140k▲
2024 · €86k
Cash flow
€96k▲
2024 · €48k
Solvency
15.7%▼
2024 · 37.7%
Current ratio
0.04▼
2024 · 0.09
Quick ratio
0.04▼
2024 · 0.09
Debt / equity
5.36▲
2024 · 1.65
ROE
30.1%▲
2024 · 21.5%
ROA
4.7%▼
2024 · 8.1%
Interest coverage
12.20▲
2024 · 7.27
Debt
€1.60M▲
2024 · €344k
Debt ≤ 1 year
€344k▲
2024 · €131k
Debt > 1 year
€1.25M▲
2024 · €213k
Income taxes
€33k▲
2024 · €26k
Staff costs
€7k▲
2024 · €422
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€553k€1.90M▲
Fixed assets21/28€541k€1.88M▲
Tangible fixed assets22/27€21k€60k▲
Land and buildings22-€45k
Plant, machinery and equipment23€12k€11k▼
Furniture and vehicles24€9k€4k▼
Financial fixed assets28€520k€1.82M▲
Current assets29/58€12k€14k▲
Amounts receivable within one year40/41€50-
Trade receivables40€50-
Cash at bank and in hand54/58€12k€14k▲
Deferred charges and accrued income490/1-€777
Equity and liabilities
Total equity and liabilities10/49€553k€1.90M▲
Equity10/15€208k€298k▲
Contributions10/11€3k€3k=
Reserves13€96k€96k=
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Distributable reserves133€87k€87k=
Profit (loss) carried forward14€109k€199k▲
Amounts payable17/49€344k€1.60M▲
Amounts payable after more than one year17€213k€1.25M▲
Financial debts170/4€213k€1.25M▲
Amounts payable within one year42/48€131k€344k▲
Current portion of amounts payable after more than one year42€55k€268k▲
Trade debts44€2k€600▼
Suppliers440/4€2k€600▼
Taxes, remuneration and social security45€51k€50k▼
Taxes450/3€51k€50k▼
Other amounts payable47/48€23k€25k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Turnover70€129k€181k▲
Non-recurring operating income76A€9k€8k▼
Goods, raw materials, services and sundry goods60/61€51k€40k▼
Remuneration, social security and pensions62€422€7k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Other operating charges640/8€613€1k▲
Gross operating margin9900€87k€148k▲
Operating profit (loss)9901€83k€134k▲
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€71k€122k▲
Income taxes67/77€26k€33k▲
Profit (loss) for the period9904€45k€90k▲
Profit (loss) for the period to be appropriated9905€45k€90k▲
Appropriation of the result
Profit (loss) to be appropriated9906€154k€199k▲
Profit (loss) brought forward from the previous period14P€109k€109k=
Transfer to equity691/2€45k-
To other reserves6921€45k-
The notes to these accounts (9 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
19-08
State Gazette act
Registered office · MiscellaneousGeneral meeting · Registered-office move · Director appointment4 facts ▸
State Gazette act
Registered office · Miscellaneous
General meeting · Registered-office move · Director appointment4 facts ▸
- General meeting, 11-08-2026
- Registered-office move, 2242 Zandhoven (Pulderbos), Rusthuislaan 1 B000
- Director appointment, MICHIELSEN Elke (niet-statutaire bestuurder)
- Mandate compensation, TELCOMA
02-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €90k ▲101%
Operating result €134k, net result €90k, both a record.
01-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €208k ▲27.4%
7 profitable years in a row build equity to €208k.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €164k ▲56.9%
6 profitable years in a row build equity to €164k.
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €104k ▲25.3%
5 profitable years in a row build equity to €104k.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €5k ▼49.4%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 9.10
Current ratio from 3.16 to 9.10; short-term debt falls from €11k to €4k.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
MICHIELSEN Elke
CurrentNon-statutory director · since 11-08-2026
11-08-2026
Appointed as Non-statutory director
Location & real-estate footprint
Registered office, Zandhoven · 1 establishment unit since 2016
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.
Rusthuislaan 1 B0002242 ZandhovenGround area
3,567 m²
Building footprint
169 m²
Volume, LiDAR
665 m³
Parcel 11033A0051/00N000, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rusthuislaan 1B, 2242 Zandhoven
since 20162.249.115.343
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11033A0051/00N000 | Flanders | 3,567 m² | 1 · 169 m² | 10.2 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.
Similar companies · same sector, comparable size
MANIGI
BE 0821.776.080
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Bofisc invest
BE 0747.982.836
Roeselare · Eq €298k
DE JONGENS
BE 0869.912.727
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Brussels Business Hubs
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MAALTIJD SERVICE
BE 0417.603.410
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Of 24,503 companies in sector 82990 we hold annual accounts for 9,402. 6,530 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-01-2016
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
46500Wholesale of information and communication equipment
46520Wholesale trade
47400Retail sale of information and communication equipment
47420Retail trade
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.