TELECEM
ActiveSummary
TELECEM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81,027 and a net result of -€59,280. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 24% of 7868 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-82
Solvency48▼-3
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.33 in 2024; short-term debt: 76.6% and cash: 44.7% of total assets), and 76.6% of the assets are financed with debt.
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Signals
Seven 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.4%
Return on assets
-17.1%
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 24% of 7868 sector peers (2025).
NBB · sector comparisonPosition among 7868 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-08-2026, 8 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
8 d late
2024
9 d late
2023
63 d late
2022
39 d late
2021
31 d late
2020
61 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 43 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€81,027▼ 41.4%
2024 · €138,215
Total assets
€346,299▼ 34.4%
2024 · €527,592
Net result
-€59,280
2024 · €57,814
Working capital
€79,936▼ 37.1%
2024 · €127,071
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
Operating result-€7,388-€55,217▼ 647%-€22,665▲ 59.0%€58,904-€57,799
Net result-€8,761-€58,958▼ 573%-€24,569▲ 58.3%€57,814-€59,280
Equity€163,928▼ 5.1%€104,970▼ 36.0%€80,401▼ 23.4%€138,215▲ 71.9%€81,027▼ 41.4%
Total assets€525,604▼ 2.3%€478,192▼ 9.0%€344,568▼ 27.9%€527,592▲ 53.1%€346,299▼ 34.4%
Debt€361,676▼ 1.0%€373,222▲ 3.2%€264,167▼ 29.2%€389,376▲ 47.4%€265,272▼ 31.9%
Working capital€122,098▼ 37.5%€74,439▼ 39.0%€60,708▼ 18.4%€127,071▲ 109%€79,936▼ 37.1%
Staff (FTE)1.4▼ 17.6%0.81.3▲ 62.5%1.9▲ 46.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €57,799 after €58,904 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €346,299
Fixed assets
€1,091 ▼ 90.7%
Current assets
€345,208 ▼ 33.1%
Equity and liabilities €346,299
Equity
€81,027 ▼ 41.4%
Debt
€265,272 ▼ 31.9%
Debt's share of the balance-sheet total rises from 73.8% to 76.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€47,184▼
2024 · €66,891
Cash flow
-€48,665▼
2024 · €65,801
Current ratio
1.30▼
2024 · 1.33
Quick ratio
1.22▼
2024 · 1.27
Debt to equity
3.27▲
2024 · 2.82
ROE
-73.2%▼
2024 · 41.8%
ROA
-17.1%▼
2024 · 11.0%
Interest coverage
-40.73▼
2024 · 92.41
Debt ≤ 1 year
€265,272▼
2024 · €388,814
Income taxes
€322▼
2024 · €366
Staff costs
€75,910▲
2024 · €33,669
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,000 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €113,861 | €110,360 | €85,576 | €33,669 | €75,910 | ▲ 125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,962 | €11,300 | €10,837 | €7,987 | €10,615 | ▲ 32.9% |
| Other operating charges640/8 | €2,256 | €1,893 | €1,340 | €1,074 | €1,121 | ▲ 4.5% |
| Gross operating margin9900 | €120,691 | €68,336 | €75,088 | €101,634 | €29,848 | ▼ 70.6% |
| Operating profit (loss)9901 | -€7,388 | -€55,217 | -€22,665 | €58,904 | -€57,799 | ▼ 198% |
| Financial charges65/66B | €908 | €3,146 | €1,365 | €724 | €1,159 | ▲ 60.0% |
| Recurring financial charges65 | €908 | €3,146 | €1,365 | €724 | €1,159 | ▲ 60.0% |
| Profit (loss) for the period before taxes9903 | -€8,296 | -€58,363 | -€24,030 | €58,181 | -€58,958 | ▼ 201% |
| Income taxes67/77 | €465 | €595 | €539 | €366 | €322 | ▼ 12.0% |
| Profit (loss) for the period9904 | -€8,761 | -€58,958 | -€24,569 | €57,814 | -€59,280 | ▼ 203% |
| Profit (loss) for the period to be appropriated9905 | -€8,761 | -€58,958 | -€24,569 | €57,814 | -€59,280 | ▼ 203% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €525,604 | €478,192 | €344,568 | €527,592 | €346,299 | ▼ 34.4% |
| Fixed assets21/28 | €41,830 | €30,531 | €19,693 | €11,706 | €1,091 | ▼ 90.7% |
| Tangible fixed assets22/27 | €41,830 | €30,531 | €19,693 | €11,706 | €1,091 | ▼ 90.7% |
| Furniture and vehicles24 | €41,830 | €30,531 | €19,693 | €11,706 | €1,091 | ▼ 90.7% |
| Current assets29/58 | €483,774 | €447,661 | €324,875 | €515,885 | €345,208 | ▼ 33.1% |
| Stocks and contracts in progress3 | - | €52,600 | €48,500 | €21,000 | €22,700 | ▲ 8.1% |
| Stocks30/36 | - | €52,600 | €48,500 | €21,000 | €22,700 | ▲ 8.1% |
| Amounts receivable within one year40/41 | €155,411 | €264,802 | €233,665 | €352,378 | €166,353 | ▼ 52.8% |
| Trade receivables40 | €155,411 | €264,657 | €227,490 | €348,695 | €161,248 | ▼ 53.8% |
| Other amounts receivable41 | - | €145 | €6,175 | €3,682 | €5,105 | ▲ 38.6% |
| Cash at bank and in hand54/58 | €326,332 | €123,747 | €42,709 | €141,164 | €154,813 | ▲ 9.7% |
| Deferred charges and accrued income490/1 | €2,031 | €6,512 | - | €1,344 | €1,342 | ▼ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €525,604 | €478,192 | €344,568 | €527,592 | €346,299 | ▼ 34.4% |
| Equity10/15 | €163,928 | €104,970 | €80,401 | €138,215 | €81,027 | ▼ 41.4% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Non-distributable reserves130/1 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Profit (loss) carried forward14 | €96,278 | €37,320 | €12,751 | €70,565 | €13,377 | ▼ 81.0% |
| Amounts payable17/49 | €361,676 | €373,222 | €264,167 | €389,376 | €265,272 | ▼ 31.9% |
| Amounts payable within one year42/48 | €361,676 | €373,222 | €264,167 | €388,814 | €265,272 | ▼ 31.8% |
| Trade debts44 | €244,100 | €195,728 | €192,169 | €301,907 | €200,292 | ▼ 33.7% |
| Suppliers440/4 | €244,100 | €187,952 | €192,169 | €301,907 | €200,292 | ▼ 33.7% |
| Bills of exchange payable441 | - | €7,776 | - | - | - | - |
| Taxes, remuneration and social security45 | €70,277 | €110,728 | €14,413 | €38,575 | €25,898 | ▼ 32.9% |
| Taxes450/3 | €44,817 | €41,385 | €5,428 | €22,565 | €19,224 | ▼ 14.8% |
| Remuneration and social security454/9 | €25,460 | €69,343 | €8,985 | €16,010 | €6,673 | ▼ 58.3% |
| Other amounts payable47/48 | €47,299 | €66,765 | €57,585 | €48,332 | €39,083 | ▼ 19.1% |
| Accrued charges and deferred income492/3 | - | - | - | €562 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,761 | -€58,958 | -€24,569 | €57,814 | -€59,280 | ▼ 203% |
| + Depreciation and write-downs630 | €11,962 | €11,300 | €10,837 | €7,987 | €10,615 | ▲ 32.9% |
| Operating cash flow (approximation) | €3,201 | -€47,659 | -€13,731 | €65,801 | -€48,665 | ▼ 174% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€202,585 | -€81,038 | €98,455 | €13,649 | ▼ 86.1% |
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
08-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 8 days late
2025
09-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 9 days late
2024
31-12
Financial
Back to profitnet €57,814
Net result €57,814 after 3 loss-making years.
31-12
Financial
Equity above €100,000Eq €138,215 ▲71.9%
Equity rises from €80,401 to €138,215.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
2023
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 39 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €147,960
Net result €147,960 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €172,689 ▲598%
Equity rises from €24,729 to €172,689.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet -€61,670
Net result drops to -€61,670, the lowest in the series; recovery starts the following year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Anderlecht · 1 establishment unit since 2005
Ground area
114 m²
Building footprint
65 m²
Volume, LiDAR
579 m³
Parcel 21302A0083/00W000, Brussels · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Telecem
since 20052.144.514.701
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21302A0083/00W000 | Brussels | 114 m² | 1 · 65 m² | 13.7 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.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,327. 8,800 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-01-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
71209Other technical testing and analysis
80010Investigation and private security services
Contact
Phone
02/5203007Anderlecht
Scores and ratios are computed by Checked and are not a credit decision.