TELECLEAN (0420.161.438): financials and annual accounts

TELECLEAN

Ixelles ·KBO/BCE: BE 0420.161.438

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
Total assets`20/58`	143,965	147,719	152,904	148,750	129,501	135,133	148,366	163,493	148,914	148,453	141,689	177,299	163,038	124,609	135,130	257,612	233,253
Fixed assets`21/28`	56,713	59,266	62,632	63,828	54,689	54,251	57,629	61,990	62,969	64,335	69,750	74,511	82,933	42,007	51,136	12,822	16,594
Intangible fixed assets`21`	-	-	-	-	457	1,153	4,565	8,836	10,823	13,442	18,517	19,453	27,225	34,997	43,232	9,967	12,702
Tangible fixed assets`22/27`	4,224	6,777	10,144	10,339	743	1,710	2,676	2,766	1,757	505	844	2,119	2,769	3,420	5,354	2,855	3,892
Furniture and vehicles`24`	4,224	6,777	10,144	10,339	743	1,710	2,676	2,766	1,757	505	844	2,119	2,769	3,420	5,354	2,855	3,892
Financial fixed assets`28`	52,488	52,488	52,488	53,488	53,488	51,388	50,388	50,388	50,388	50,388	50,388	52,938	52,938	3,590	2,550	-	-
Current assets`29/58`	87,252	88,454	90,272	84,922	74,812	80,882	90,737	101,503	85,945	84,118	71,940	102,789	80,106	82,602	83,995	244,790	216,659
Stocks and contracts in progress`3`	-	-	952	952	779	1,109	1,081	1,426	2,234	3,072	3,788	3,193	3,787	4,134	3,928	6,755	6,931
Stocks`30/36`	-	-	952	952	779	1,109	1,081	1,426	2,234	3,072	3,788	3,193	3,787	4,134	3,928	6,755	6,931
Amounts receivable within one year`40/41`	29,506	43,863	36,050	35,356	34,212	23,227	68,522	63,090	61,530	61,605	45,401	95,975	64,921	55,225	51,767	59,382	61,260
Trade receivables`40`	14,865	29,411	22,430	21,927	20,784	16,799	62,094	56,662	55,102	55,176	31,435	72,481	54,430	53,119	49,612	59,382	61,260
Other amounts receivable`41`	14,641	14,452	13,620	13,428	13,428	6,428	6,428	6,428	6,428	6,428	13,966	23,494	10,491	2,106	2,155	-	-
Cash at bank and in hand`54/58`	57,746	44,591	53,270	48,615	39,821	56,546	21,134	36,987	22,182	19,441	14,876	3,620	10,054	23,244	28,299	178,653	148,468
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	-	-	-	-	7,875	-	1,344	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	143,965	147,719	152,904	148,750	129,501	135,133	148,366	163,493	148,914	148,453	141,689	177,299	163,038	124,609	135,130	257,612	233,253
Equity`10/15`	124,745	129,670	135,270	129,542	120,549	125,407	127,534	124,170	113,986	101,693	88,030	92,206	86,274	102,323	108,181	145,170	144,908
Contributions`10/11`	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552
Capital`10`	111,552	111,552	111,552	111,552	111,552	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552	111,552
Reserves`13`	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155
Non-distributable reserves`130/1`	11,155	11,155	11,155	11,155	11,155	11,155	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155	11,155
Profit (loss) carried forward`14`	2,038	6,962	12,562	6,835	-2,387	2,243	4,142	549	-8,721	-21,014	-34,678	-30,501	-36,433	-20,385	-14,526	22,463	22,201
Investment grants`15`	-	-	-	-	228	457	685	914	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	19,219	18,050	17,635	19,208	8,952	9,726	20,832	39,323	34,928	46,760	53,659	85,093	76,764	22,286	26,949	112,442	88,345
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	4,368	9,461	14,398	19,183	-	-	-	-
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	4,368	9,461	14,398	19,183	-	-	-	-
Amounts payable within one year`42/48`	19,219	18,050	17,635	19,208	8,952	9,726	20,832	39,323	34,928	42,392	44,198	70,695	57,581	22,286	26,949	112,442	88,345
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	4,368	5,093	4,937	4,785	4,637	-	-	-	-
Financial debts`43`	-	-	-	-	-	-	-	-	-	-	600	4,658	-	-	-	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	600	4,658	-	-	-	-	-
Trade debts`44`	1,571	8,355	8,544	9,150	2,389	987	1,920	20,424	17,138	19,859	5,223	27,957	9,655	12,198	16,516	14,756	6,486
Suppliers`440/4`	1,571	8,355	8,544	9,150	2,389	987	1,920	20,424	17,138	19,859	5,223	27,957	9,655	12,198	16,516	14,756	6,486
Taxes, remuneration and social security`45`	5,648	9,695	9,091	10,058	6,563	2,964	10,737	10,658	13,422	17,440	15,859	12,217	18,110	10,088	10,433	97,686	81,859
Taxes`450/3`	1,406	1,685	994	2,131	2,363	2,694	5,092	5,129	347	3,388	2,111	33	3,351	1,686	1,750	1,389	8,109
Remuneration and social security`454/9`	4,242	8,010	8,097	7,927	4,200	270	5,645	5,529	13,075	14,051	13,749	12,184	14,759	8,402	8,683	96,297	73,750
Other amounts payable`47/48`	12,000	-	-	-	-	5,775	8,174	8,240	-	-	17,579	21,079	25,179	-	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	362,553	-	-
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	346	813	-	-	-	-	-	-
Gross operating margin`9900`	77,981	75,282	94,927	90,159	56,763	95,572	135,743	141,586	141,807	144,564	135,741	143,792	135,823	92,684	149,731	296,070	333,821
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	214,532	-	-
Remuneration, social security and pensions`62`	62,855	72,776	78,031	77,790	57,340	92,080	123,665	125,607	122,987	122,254	128,752	125,440	139,831	85,033	174,913	225,243	291,451
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	3,460	3,367	3,470	2,236	1,662	4,378	5,237	5,227	4,552	5,415	7,587	9,247	9,297	10,169	8,911	4,571	6,665
Other operating charges`640/8`	4,291	4,600	5,334	348	2,267	868	1,393	1,266	1,207	2,423	2,985	703	1,448	693	1,761	3,843	1,020
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	27	471	896	98	-	-
Operating profit (loss)`9901`	7,375	-5,461	8,092	9,786	-4,506	-1,754	5,447	9,486	13,060	14,473	-3,583	8,402	-14,753	-3,211	-35,853	62,413	34,685
Financial income`75/76B`	28	7	197	228	228	231	229	232	6	9	17	40	27	39	330	330	191
Recurring financial income`75`	28	7	197	228	228	231	229	232	6	9	17	40	27	39	330	330	191
Financial charges`65/66B`	327	613	736	325	352	376	248	447	771	818	1,424	2,483	852	1,130	1,421	481	1,712
Recurring financial charges`65`	327	613	736	325	352	376	248	447	771	818	1,424	2,483	852	1,130	1,421	481	1,712
Profit (loss) for the period before taxes`9903`	7,076	-6,067	7,553	9,689	-4,630	-1,899	5,429	9,270	12,295	13,663	-4,177	5,932	-16,049	-5,198	-37,042	62,262	33,164
Income taxes`67/77`	-	-467	1,826	467	-	-	1,836	0	1	-	-	-	-	660	-52	-	2,219
Profit (loss) for the period`9904`	7,076	-5,600	5,727	9,222	-4,630	-1,899	3,592	9,270	12,293	13,663	-4,177	5,932	-16,049	-5,858	-36,990	62,262	30,945
Profit (loss) for the period to be appropriated`9905`	7,076	-5,600	5,727	9,222	-4,630	-1,899	3,592	9,270	12,293	13,663	-4,177	5,932	-16,049	-5,858	-36,990	62,262	30,945
Appropriation of the result
Profit (loss) to be appropriated`9906`	14,038	6,962	12,562	6,835	-2,387	2,243	4,142	549	-8,721	-21,014	-34,678	-30,501	-36,433	-20,385	-14,526	84,463	54,201
Profit (loss) brought forward from the previous period`14P`	6,962	12,562	6,835	-2,387	2,243	-	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	12,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,000	32,000
Return on contributions (dividend)`694`	6,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,000	32,000
Directors or managers`695`	6,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	1.7	2.1	2.1	2.9	3.7	3.7	3.7	3.7	3.7	3.7	3.7	3.7	3.7	2.6	3.7	7	7
Hours worked`1013`	2,052	2,310	2,678	2,878	2,160	3,436	5,022	5,232	5,065	5,018	5,096	4,990	5,620	3,418	5,197	7,265	8,855
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Financial year	Type	Filed	Reference	Document
31-12-2025	full format	29-05-2026	2026-00127147	PDF
31-12-2024	full format	23-05-2025	2025-00107121	PDF
31-12-2023	full format	07-06-2024	2024-00116243	PDF
31-12-2022	full format	21-04-2023	2023-00062549	PDF
31-12-2021	full format	09-06-2022	2022-20052781	PDF
31-12-2020	full format	29-07-2021	2021-43200344	PDF
31-12-2019	micro format	14-10-2020	2020-61200209	PDF
31-12-2018	micro format	26-08-2019	2019-49800593	PDF
31-12-2017	micro format	06-07-2018	2018-29100313	PDF
31-12-2016	micro format	28-07-2017	2017-36600225	PDF
31-12-2015	full format	03-06-2016	2016-14600589	PDF
31-12-2014	full format	05-08-2015	2015-39200598	PDF
31-12-2013	full format	29-08-2014	2014-49800596	PDF
31-12-2012	full format	14-08-2013	2013-41800595	PDF
31-12-2011	full format	10-08-2012	2012-39600369	PDF
31-12-2010	full format	16-05-2011	2011-11300545	PDF
31-12-2009	full format	12-08-2010	2010-41000004	PDF
31-12-2008	full format	29-07-2009	2009-53100233	PDF
31-12-2007	full format	26-08-2008	2008-60900218	PDF
31-12-2006	full format	31-07-2007	2007-51500034	PDF
31-12-2005	full format	31-07-2006	2006-58003205	PDF
31-12-2004	full format	02-09-2005	2005-66500114	PDF
31-12-2003	full format	30-09-2004	2004-68705018	PDF
31-12-2002	full format	07-07-2003	2003-40200555	PDF
31-12-2001	full format	06-09-2002	2002-54000146	PDF
31-12-2000	full format	11-06-2001	2001-19401491	PDF
31-12-1999	full format	09-06-2000	2000-20303138	PDF
31-12-1998	full format	29-06-1999	1999-25901549	PDF
31-12-1997	full format	17-06-1998	1998-17704305	PDF
31-12-1996	full format	06-08-1997	1997-36802977	PDF
31-12-1995	full format	14-05-1996	1996-08304835	PDF
31-12-1994	full format	25-04-1995	1995-06204185	PDF
31-12-1993	full format	20-04-1994	1994-06504877	PDF
31-12-1992	full format	23-04-1993	1993-05803586	PDF
31-12-1991	full format	05-05-1992	1992-05004842	PDF
31-12-1990	full format	19-04-1991	1991-04101847	PDF
31-12-1989	full format	14-09-1990	1990-23800262	PDF
31-12-1988	full format	17-11-1989	1989-25800087	PDF
31-12-1987	full format	25-08-1988	1988-19302767	PDF
31-12-1986	full format	21-09-1987	1987-22003685	PDF
31-12-1985	full format	13-10-1986	1986-40902202	PDF
31-12-1984	full format	10-06-1985	1985-08700790	PDF
31-12-1983	unclassified schema	11-05-1984	1984-02801843	PDF
31-12-1982	unclassified schema	06-06-1983	1983-04500319	PDF
31-12-1981	unclassified schema	11-05-1982	1982-02500604	PDF
31-12-1980	unclassified schema	18-06-1981	1981-05900808	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
EBITDA	10,835	-2,095	11,562	12,022	-2,844	2,624	10,685	14,713	17,612	19,887	4,004	17,649	-5,456	6,957	-26,942	66,984	41,350
Cash flow	10,536	-2,233	9,198	11,458	-2,968	2,479	8,830	14,498	16,846	19,078	3,411	15,179	-6,752	4,310	-28,079	66,833	37,610
Investment in fixed assets (approximation)	907	0	3,275	11,376	2,100	1,000	876	4,248	3,186	0	5,377	825	50,222	1,040	47,224	1,004	1,277
Change in cash	13,156	-8,679	4,655	8,794	-16,725	35,412	-15,853	14,805	2,740	4,565	11,256	-6,433	-13,190	-5,055	-150,354	30,185	-
Working capital	68,033	70,404	72,637	65,714	65,860	71,156	69,905	62,180	51,017	41,726	27,741	32,094	22,524	60,315	57,045	132,348	128,314
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9.9%	-	-
Solvency	86.6%	87.8%	88.5%	87.1%	93.1%	92.8%	86.0%	75.9%	76.5%	68.5%	62.1%	52.0%	52.9%	82.1%	80.1%	56.4%	62.1%
Current ratio	4.54	4.90	5.12	4.42	8.36	8.32	4.36	2.58	2.46	1.98	1.63	1.45	1.39	3.71	3.12	2.18	2.45
Quick ratio	4.54	4.90	5.07	4.37	8.27	8.20	4.30	2.55	2.40	1.91	1.54	1.41	1.33	3.52	2.97	2.12	2.37
Debt to equity	0.15	0.14	0.13	0.15	0.07	0.08	0.16	0.32	0.31	0.46	0.61	0.92	0.89	0.22	0.25	0.77	0.61
ROE	5.7%	-4.3%	4.2%	7.1%	-3.8%	-1.5%	2.8%	7.5%	10.8%	13.4%	-4.7%	6.4%	-18.6%	-5.7%	-34.2%	42.9%	21.4%
ROA	4.9%	-3.8%	3.7%	6.2%	-3.6%	-1.4%	2.4%	5.7%	8.3%	9.2%	-2.9%	3.3%	-9.8%	-4.7%	-27.4%	24.2%	13.3%
Interest coverage	33.09	-3.42	15.71	36.97	-8.09	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50 days	-	-
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28 days	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	2	3	3	3	5
part-time	2	3	3	3	5
in full-time equivalents	1.3	2.1	2.1	2.1	3.7
Average over the year, in full-time equivalents	1.7	2.1	2.1	2.9	3.7
On a permanent contract	2	3	3	3	5
Joined	0	-	-	0	-
Left	1	-	-	2	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€907	-	€3,275	€11,376	-
Financial fixed assets	-	-	-	-	€2,100
Depreciation and write-downs of the year	€3,460	€3,367	€3,470	€2,236	€1,662

TELECLEAN

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency86.6%

Current ratio4.54

Return on assets4.9%

Staff

Staff cost per FTE€36,974

Joined and left-1

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on TELECLEAN

Next steps