TELECOM SOLUTION

Active

Private limited companyfounded 199135 yrs activeRue Guillaume Malcorps 9, 1301 Wavre, BelgiumKBO/BCE: BE 0442.569.824

Summary

TELECOM SOLUTION has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €898 and a net result of -€74. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 14% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysis Watch Report Compare

TELECOM SOLUTIONActiveChecked score 58/100

Risk analysis Report Compare

Checked score

Score 2025

58 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability36▼-3

Solvency33▼-3

Growth32▼-26

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

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Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Computer programming, consultancy and related activities (NACE 62)

about 64% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2025

Solvency, return and age of the figures

Solvency

7.9%

Return on assets

-0.6%

Age of the figures

15 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 17123 sector peers (2025).

NBB · sector comparison

Position among 17123 sector peers

Solvency

better than 14%

← weakest strongest →

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-02-2026, 9 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 filings

Deviation from the deadline

2025

9 d late

2024

3 d late

2023

2 d late

2022

27 d late

2021

18 d late

2020

29 d late

2019

1 d early

← 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 12 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)

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 months

Position in the running window

30-06-2026 close26-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 7 January 1991, TELECOM SOLUTION was incorporated.¹ Total assets went from EUR 4,324 in 2019 to EUR 11,366 in 2025.²

Go further with this company

How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

In the rankings #6 oldest company in Wavre, Telecoms and IT sector

Equity

€898▼ 7.6%

2024 · €971

Total assets

€11,366▲ 26.3%

2024 · €8,999

Net result

-€74

2024 · €61

Working capital

€276

2024 · -€348

Trend over the years

Chart Table

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€406▼ 58.1%-€969-€65▲ 93.3%€89-€74

Net result€272▼ 57.5%-€969-€65▲ 93.3%€61-€74

Equity€1,955▲ 16.2%€976▼ 50.1%€911▼ 6.7%€971▲ 6.7%€898▼ 7.6%

Total assets€8,220▲ 17.3%€7,032▼ 14.5%€8,202▲ 16.6%€8,999▲ 9.7%€11,366▲ 26.3%

Debt€6,265▲ 17.7%€6,056▼ 3.3%€7,291▲ 20.4%€8,027▲ 10.1%€10,469▲ 30.4%

Working capital€1,955▲ 50.9%€463▼ 76.3%€310▼ 33.2%-€348€276

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €74 after €89 in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €11,366

94.5%

Fixed assets €622 ▼ 52.9%

Current assets €10,745 ▲ 39.9%

Equity and liabilities €11,366

92.1%

Equity €898 ▼ 7.6%

Debt €10,469 ▲ 30.4%

Debt's share of the balance-sheet total rises from 89.2% to 92.1%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€624▼

2024 · €1,004

Cash flow

€624▼

2024 · €976

Current ratio

1.03▲

2024 · 0.96

ROA

-0.6%▼

2024 · 0.7%

Debt ≤ 1 year

€10,469▲

2024 · €8,027

Equity ratios withheld: equity of €898 is too small for a meaningful ratio.

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines

Balance sheet Code20242025

Assets

Total assets20/58€8,999€11,366▲

Fixed assets21/28€1,320€622▼

Tangible fixed assets22/27€1,320€622▼

Plant, machinery and equipment23€1,320€622▼

Current assets29/58€7,679€10,745▲

Amounts receivable within one year40/41€253€2,475▲

Trade receivables40€204€2,426▲

Other amounts receivable41€49€49=

Cash at bank and in hand54/58€7,426€8,270▲

Equity and liabilities

Total equity and liabilities10/49€8,999€11,366▲

Equity10/15€971€898▼

Contributions10/11€21,071€21,071=

Capital10€21,071€21,071=

Issued capital100€21,071€21,071=

Reserves13€2,107€2,107=

Non-distributable reserves130/1€2,107€2,107=

Legal reserve130€2,107€2,107=

Profit (loss) carried forward14-€22,207-€22,280▼

Amounts payable17/49€8,027€10,469▲

Amounts payable within one year42/48€8,027€10,469▲

Trade debts44€3,917€7,058▲

Suppliers440/4€3,917€7,058▲

Advances received on contracts in progress46€3,113€2,413▼

Taxes, remuneration and social security45€493€493=

Taxes450/3€493€493=

Other amounts payable47/48€505€505=

Income statement Code20242025

Non-recurring operating income76A€54€89▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€915€698▼

Other operating charges640/8€404€28▼

Gross operating margin9900€1,409€653▼

Operating profit (loss)9901€89-€74▼

Profit (loss) for the period before taxes9903€89-€74▼

Income taxes67/77€29-

Profit (loss) for the period9904€61-€74▼

Profit (loss) for the period to be appropriated9905€61-€74▼

Appropriation of the result

Profit (loss) to be appropriated9906-€22,207-€22,280▼

Profit (loss) brought forward from the previous period14P-€22,267-€22,207▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Non-recurring operating income76A	-	€6	€16	€54	€89	▲ 64.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€936	€217	€370	€915	€698	▼ 23.7%
Other operating charges640/8	-	€20	€20	€404	€28	▼ 93.0%
Gross operating margin9900	€1,362	-€732	€325	€1,409	€653	▼ 53.7%
Operating profit (loss)9901	€406	-€969	-€65	€89	-€74	▼ 183%
Profit (loss) for the period before taxes9903	€406	-€969	-€65	€89	-€74	▼ 183%
Income taxes67/77	€134	-	-	€29	-	-
Profit (loss) for the period9904	€272	-€969	-€65	€61	-€74	▼ 222%
Profit (loss) for the period to be appropriated9905	€272	-€969	-€65	€61	-€74	▼ 222%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€8,220	€7,032	€8,202	€8,999	€11,366	▲ 26.3%
Fixed assets21/28	-	€512	€601	€1,320	€622	▼ 52.9%
Intangible fixed assets21	-	€168	€84	-	-	-
Tangible fixed assets22/27	-	€344	€517	€1,320	€622	▼ 52.9%
Plant, machinery and equipment23	-	-	€517	€1,320	€622	▼ 52.9%
Furniture and vehicles24	-	€344	-	-	-	-
Current assets29/58	€8,220	€6,520	€7,601	€7,679	€10,745	▲ 39.9%
Amounts receivable within one year40/41	€84	€574	€253	€253	€2,475	▲ 879%
Trade receivables40	-	€535	€204	€204	€2,426	▲ 1,089%
Other amounts receivable41	-	€39	€49	€49	€49	=
Cash at bank and in hand54/58	€8,136	€5,946	€7,348	€7,426	€8,270	▲ 11.4%
Equity and liabilities
Total equity and liabilities10/49	€8,220	€7,032	€8,202	€8,999	€11,366	▲ 26.3%
Equity10/15	€1,955	€976	€911	€971	€898	▼ 7.6%
Contributions10/11	€21,071	€21,071	€21,071	€21,071	€21,071	=
Capital10	-	€21,071	€21,071	€21,071	€21,071	=
Issued capital100	-	€21,071	€21,071	€21,071	€21,071	=
Reserves13	€2,107	€2,107	€2,107	€2,107	€2,107	=
Non-distributable reserves130/1	-	€2,107	€2,107	€2,107	€2,107	=
Legal reserve130	-	€2,107	€2,107	€2,107	€2,107	=
Profit (loss) carried forward14	-€21,223	-€22,202	-€22,267	-€22,207	-€22,280	▼ 0.3%
Amounts payable17/49	€6,265	€6,056	€7,291	€8,027	€10,469	▲ 30.4%
Amounts payable within one year42/48	€6,265	€6,056	€7,291	€8,027	€10,469	▲ 30.4%
Trade debts44	€2,883	€2,675	€3,910	€3,917	€7,058	▲ 80.2%
Suppliers440/4	-	€2,675	€3,910	€3,917	€7,058	▲ 80.2%
Advances received on contracts in progress46	-	€2,413	€2,413	€3,113	€2,413	▼ 22.5%
Taxes, remuneration and social security45	-	€464	€464	€493	€493	=
Taxes450/3	-	€464	€464	€493	€493	=
Other amounts payable47/48	-	€505	€505	€505	€505	=

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€272	-€969	-€65	€61	-€74	▼ 222%
+ Depreciation and write-downs630	€936	€217	€370	€915	€698	▼ 23.7%
Operating cash flow (approximation)	€1,208	-€752	€305	€976	€624	▼ 36.0%
Investment in fixed assets (approximation)	-	-	-€459	-€1,633	€0	▲ 100%
Change in cash	-	-€2,190	€1,402	€78	€843	▲ 977%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

09-02

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 9 days late

2025

03-02

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 3 days late

2024

30-06

Financial Back to profitnet €61

Net result €61 after 2 loss-making years.

02-02

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 2 days late

2023

27-02

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 27 days late

2022

30-06

Financial Weakest financial yearnet -€969

Net result drops to -€969, the lowest in the series; recovery starts the following year.

18-02

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 18 days late

2021

01-03

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 29 days late

2020

30-06

Financial Back to profitnet €640

Net result €640 after one loss-making year.

30-01

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

04-02

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 4 days late

2018

04-04

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 63 days late

2017

26-01

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 4 acts read

About the unread acts

We know of 4 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

4 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, Wavre · 1 establishment unit since 1991

seat establishment The establishment unit on the map

Ground area

1,395 m²

Building footprint

86 m²

Volume, LiDAR

523 m³

Parcel 25006D0256/00W000, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

TELECOM SOLUTION

Rue Guillaume Malcorps 9, 1301 WavreScientific research and development

since 19912.051.466.955

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25006D0256/00W000	Wallonia	1,395 m²	1 · 86 m²	7.7 m · 2 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.

Similar companies · same sector, comparable size

Ham-sur-Heure-Nalinnes · Eq €886

Of 16,901 companies in sector 62100 we hold annual accounts for 8,775. 908 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company

Founded07-01-1991

Fiscal year end30-06

Activities, NACEBEL 2025

62100Computer programming

Scores and ratios are computed by Checked and are not a credit decision.