TELEC
BankruptcySummary
The KBO register records for TELEC the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2014 annual accounts show equity of €1.76M and a net result of €-1.96M.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2014 was due by 31-07-2015 and was filed on 28-08-2015, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2014, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-1.96M
2013 · €80k
2010: €83k
2011: €209k
2012: €-57k
2013: €80k
2010 → 2014
Working capital
€1.46M▼ 57.2%
2013 · €3.41M
2010: €3.40M
2011: €3.52M
2012: €3.32M
2013: €3.41M
2010 → 2014
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20102011201220132014Trend
Equity€3.54M-€3.70M▲ 4.4%€3.64M▼ 1.6%€3.72M▲ 2.1%€1.76M▼ 52.6%
Operating result€-68k-€50k€-162k€-2k▲ 98.8%€-1.97M▼ 104,641%
Net result€83k-€209k▲ 152%€-57k€80k€-1.96M
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.97M in 2014 against €2k in 2013; the loss grows and 2014 has the lowest result in the available series.
Balance-sheet composition
2014 in colour, 2013 as the grey bar beneath
Assets €3.89M
Fixed assets
€306k ▼ 2.5%
Current assets
€3.58M ▼ 19.3%
Equity and liabilities €3.89M
Equity
€1.76M ▼ 52.6%
Debt
€2.13M ▲ 105%
Debt's share of the balance-sheet total rises from 21.8% to 54.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1.87M▼
2013 · €96k
Cash flow
€-1.86M▼
2013 · €178k
Current ratio
1.69▼
2013 · 4.29
Quick ratio
0.74▼
2013 · 2.12
ROE
-110.9%▼
2013 · 2.2%
ROA
-50.3%▼
2013 · 1.7%
Debt ≤ 1 year
€2.12M▲
2013 · €1.03M
Income taxes
€-6k▼
2013 · €957
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2014 against 2013 · 25 lines
Balance sheet
Code20132014
Assets
Total assets20/58€4.75M€3.89M▼
Fixed assets21/28€314k€306k▼
Tangible fixed assets22/27€314k€306k▼
Current assets29/58€4.44M€3.58M▼
Stocks and contracts in progress3€2.25M€2.01M▼
Amounts receivable within one year40/41€1.37M€1.48M▲
Current investments50/53€360k€4k▼
Cash at bank and in hand54/58€443k€85k▼
Equity and liabilities
Total equity and liabilities10/49€4.75M€3.89M▼
Equity10/15€3.72M€1.76M▼
Contributions10/11€75k€75k=
Reserves13€133k€133k=
Profit (loss) carried forward14€3.51M€1.56M▼
Amounts payable17/49€1.03M€2.13M▲
Amounts payable within one year42/48€1.03M€2.12M▲
Trade debts44€345k€1.05M▲
Income statement
Code20132014
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€98k€97k▼
Gross operating margin9900€798k€-1.02M▼
Operating profit (loss)9901€-2k€-1.97M▼
Recurring financial income75€81k€47k▼
Recurring financial charges65€14k€33k▲
Profit (loss) for the period before taxes9903€81k€-1.96M▼
Income taxes67/77€957€-6k▼
Profit (loss) for the period9904€80k€-1.96M▼
Profit (loss) for the period to be appropriated9905€80k€-1.96M▼
Timeline · acts, filings and financial milestones
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
2014
31-12
Financial
Weakest financial yearnet €-1.96M ▼2539%
Net result drops to €-1.96M, the lowest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 23 days late
2013
31-12
Financial
Back to profitnet €80k
Net result €80k after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
23-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
31-12
Financial
Highest result since 2010net €209k ▲152%
Operating result €50k, net result €209k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
19-05
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
2009
02-07
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2008
30-05
NBB filing
Annual accounts filed
fiscal year 2007 · full schema
2007
06-06
NBB filing
Annual accounts filed
fiscal year 2006 · full schema
2006
19-05
NBB filing
Annual accounts filed
fiscal year 2005 · 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Herstal · 1 establishment unit since 1969
Ground area
1.5 ha
Building footprint
2,686 m²
Volume, LiDAR
2,402 m³
2 parcels, Wallonia · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Rivageois 1, 4000 Liège
since 19692.002.819.475
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62071A0209/04_000 | Wallonia | 1.4 ha | 1 · 2,539 m² | - |
| 62814C0058/00C004 | Wallonia | 271 m² | 1 · 147 m² | 18.5 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 388 companies in sector 46630 we hold annual accounts for 276. 194 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-07-1969
Fiscal year end31-12
Activities, NACEBEL 2025
46630Wholesale trade
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.