TELEMATIC
ActiveSummary
TELEMATIC has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €229,126 and a net result of €15,992. Equity has been stable since 2018 (±2.3% per year). Its solvency ranks better than 69% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-06-1995 Normal situation
- Registered office
- 23 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- General electrical installation work NACE 43211
- Establishment unit
- 2.279.164.161 3600 Genk, since 01-09-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 30-10-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €44,517
- ▼ 17.7%
- Turnover
- ≈ €210,000
- estimated
- Profit
- €15,992
- ▼ 30.9%
- Equity
- €229,126
- ▼ 7.1%
- Total assets
- €355,860
- ▲ 2.7%
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 3.78, cash €63,737Founded in 1995Equity €229,126 (64.4% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 70% of them on solvency, 67% on liquidity, 47% on profitability and 27% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 32 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 30 filings
Every figure per financial year
The operating result for 2025 is 31% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €8,740 | €34,250 | €3,852 | €5,949 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €17,304 | €17,783 | €14,429 | €17,550 | €17,594 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €849 awarded · €849 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €150 | €150 |
| 2022 | 1 | €699 | €699 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,813 | €29,813 | €24,436 | €17,304 | €17,783 | €14,429 | €17,550 | €17,594 | ▲ 0.3% |
| Other operating charges640/8 | - | - | - | €2,207 | €2,576 | €3,206 | €2,498 | €2,484 | ▼ 0.6% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €855 | - |
| Gross operating margin9900 | €41,321 | €21,479 | €29,472 | €39,046 | €36,226 | €32,268 | €54,072 | €44,517 | ▼ 17.7% |
| Operating profit (loss)9901 | €8,884 | -€9,818 | €2,990 | €19,536 | €15,866 | €14,633 | €34,024 | €23,584 | ▼ 30.7% |
| Financial income75/76B | - | - | - | €1,688 | €17,063 | €9,282 | €1,006 | €2,744 | ▲ 173% |
| Recurring financial income75 | €467 | €103 | €799 | €1,688 | €563 | €32 | €1,006 | €2,744 | ▲ 173% |
| Non-recurring financial income76B | - | - | - | - | €16,500 | €9,250 | €0 | - | - |
| Financial charges65/66B | - | - | - | €4,307 | €3,863 | €3,451 | €2,980 | €2,619 | ▼ 12.1% |
| Recurring financial charges65 | €4,734 | €4,108 | €4,113 | €4,307 | €3,863 | €3,451 | €2,980 | €2,619 | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | €4,617 | -€13,823 | -€324 | €16,917 | €29,066 | €20,464 | €32,050 | €23,709 | ▼ 26.0% |
| Income taxes67/77 | €1,285 | €168 | €148 | €4,815 | €7,660 | €6,171 | €8,896 | €7,717 | ▼ 13.2% |
| Profit (loss) for the period9904 | €3,332 | -€13,991 | -€472 | €12,102 | €21,406 | €14,293 | €23,154 | €15,992 | ▼ 30.9% |
| Profit (loss) for the period to be appropriated9905 | €3,332 | -€13,991 | -€472 | €12,102 | €21,406 | €14,293 | €23,154 | €15,992 | ▼ 30.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €386,877 | €359,454 | €346,575 | €348,630 | €348,838 | €363,340 | €346,356 | €355,860 | ▲ 2.7% |
| Fixed assets21/28 | €228,109 | €198,296 | €175,420 | €158,117 | €149,073 | €168,895 | €155,197 | €141,044 | ▼ 9.1% |
| Intangible fixed assets21 | - | - | €623 | €323 | €23 | €0 | - | - | - |
| Tangible fixed assets22/27 | €228,109 | €198,296 | €174,797 | €157,793 | €149,050 | €168,895 | €155,197 | €141,044 | ▼ 9.1% |
| Land and buildings22 | - | - | - | €152,913 | €148,019 | €137,349 | €126,196 | €112,471 | ▼ 10.9% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €1,189 | €917 | ▼ 22.9% |
| Furniture and vehicles24 | - | - | - | €4,880 | €1,030 | €31,546 | €27,812 | €27,657 | ▼ 0.6% |
| Current assets29/58 | €158,768 | €161,158 | €171,155 | €190,513 | €199,765 | €194,445 | €191,160 | €214,815 | ▲ 12.4% |
| Stocks and contracts in progress3 | €6,737 | €9,980 | €10,176 | €12,374 | €13,208 | €13,126 | €11,835 | €11,310 | ▼ 4.4% |
| Stocks30/36 | - | - | - | €12,374 | €13,208 | €13,126 | €11,835 | €11,310 | ▼ 4.4% |
| Contracts in progress37 | - | - | - | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €9,643 | €25,401 | €5,745 | €16,898 | €19,646 | €23,155 | €27,486 | €19,769 | ▼ 28.1% |
| Trade receivables40 | - | - | - | €13,448 | €17,288 | €12,638 | €23,321 | €17,927 | ▼ 23.1% |
| Other amounts receivable41 | - | - | - | €3,450 | €2,359 | €10,518 | €4,165 | €1,841 | ▼ 55.8% |
| Current investments50/53 | - | - | - | - | - | - | €60,000 | €120,000 | ▲ 100% |
| Cash at bank and in hand54/58 | €138,599 | €119,109 | €145,184 | €156,737 | €163,830 | €158,164 | €91,662 | €63,737 | ▼ 30.5% |
| Deferred charges and accrued income490/1 | - | - | - | €4,504 | €3,081 | €0 | €176 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €386,877 | €359,454 | €346,575 | €348,630 | €348,838 | €363,340 | €346,356 | €355,860 | ▲ 2.7% |
| Equity10/15 | €216,681 | €202,691 | €202,219 | €204,321 | €212,527 | €223,488 | €246,642 | €229,126 | ▼ 7.1% |
| Contributions10/11 | €30,987 | €30,987 | - | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €62,625 | €62,625 | €62,625 | €74,727 | €181,540 | €192,501 | €215,655 | €198,139 | ▼ 8.1% |
| Non-distributable reserves130/1 | - | - | - | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Reserves not available under the articles1311 | - | - | - | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Distributable reserves133 | - | - | - | €71,628 | €178,442 | €189,403 | €212,557 | €195,041 | ▼ 8.2% |
| Profit (loss) carried forward14 | €123,070 | €109,080 | €108,608 | €98,608 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €170,195 | €156,763 | €144,356 | €144,309 | €136,311 | €139,852 | €99,714 | €126,734 | ▲ 27.1% |
| Amounts payable after more than one year17 | €147,550 | €134,913 | €121,990 | €111,876 | €101,779 | €91,412 | €80,768 | €69,839 | ▼ 13.5% |
| Financial debts170/4 | - | - | - | €111,876 | €101,779 | €91,412 | €80,768 | €69,839 | ▼ 13.5% |
| Amounts payable within one year42/48 | €22,645 | €21,850 | €21,891 | €32,433 | €34,532 | €48,440 | €18,946 | €56,895 | ▲ 200% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,114 | €10,097 | €10,367 | €10,644 | €10,929 | ▲ 2.7% |
| Trade debts44 | €3,312 | €1,249 | €3,604 | €6,177 | €6,998 | €29,504 | €3,386 | €5,641 | ▲ 66.6% |
| Suppliers440/4 | - | - | - | €6,177 | €6,998 | €29,504 | €3,386 | €5,641 | ▲ 66.6% |
| Taxes, remuneration and social security45 | - | - | - | €5,285 | €7,360 | €3,743 | €3,256 | €7,196 | ▲ 121% |
| Taxes450/3 | - | - | - | €1,885 | €3,960 | €593 | €426 | €4,366 | ▲ 924% |
| Remuneration and social security454/9 | - | - | - | €3,400 | €3,400 | €3,150 | €2,830 | €2,830 | = |
| Other amounts payable47/48 | - | - | - | €10,857 | €10,077 | €4,825 | €1,660 | €33,129 | ▲ 20× |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,332 | -€13,991 | -€472 | €12,102 | €21,406 | €14,293 | €23,154 | €15,992 | ▼ 30.9% |
| + Depreciation and write-downs630 | €29,813 | €29,813 | €24,436 | €17,304 | €17,783 | €14,429 | €17,550 | €17,594 | ▲ 0.3% |
| Operating cash flow (approximation) | €33,145 | €15,822 | €23,964 | €29,406 | €39,189 | €28,722 | €40,704 | €33,586 | ▼ 17.5% |
| Investment in fixed assets (approximation) | - | €0 | -€1,560 | €0 | -€8,739 | -€34,250 | -€3,852 | -€3,442 | ▲ 10.6% |
| Change in cash | - | -€19,490 | €26,075 | €11,553 | €7,093 | -€5,666 | -€66,502 | -€27,925 | ▲ 58.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as TELEMATIC has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TELEMATIC itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for TELEMATIC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00258072 | |
| 31-12-2024 | micro format | 06-08-2025 | 2025-00367266 | |
| 31-12-2023 | micro format | 17-08-2024 | 2024-00348318 | |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00154846 | |
| 31-12-2021 | micro format | 31-05-2022 | 2022-20039458 | |
| 31-12-2020 | micro format | 17-05-2021 | 2021-14200271 | |
| 31-12-2019 | micro format | 15-06-2020 | 2020-16800210 | |
| 31-12-2018 | micro format | 29-05-2019 | 2019-14900589 | |
| 31-12-2017 | micro format | 30-06-2018 | 2018-27200014 | |
| 31-12-2016 | micro format | 27-07-2017 | 2017-38300081 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 28-12-2022 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| TRIPPAERS David |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Een of meer bestuurders natuurlijke personen of rechtspersonen al dan niet aandeelhouder, algemene vergadering die benoemt”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten helft overdrager helft koper(s) naar evenredigheid aantal bij meerdere kopers, elke overdracht onder levenden…”
Audit, dissolution and liquidation
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bestuurder(s) in functie krachtens statuten indien geen andere benoemd, een of meerdere vereffenaars aanduiden,bevoegdheden…”
Articles of association, deed of 28-12-2022 (in Dutch)
Network & group
TELEMATIC shares no director with another company.
Companies at the same address
22 other companies- IPPEAS TRADING Registered office · since 2026 1033692475
- Air24 Registered office · since 2024 1009033392
- CST-PRO Establishment · since 2021 0777875365
- SKB HERMANS Registered office · since 2021 0763342983
- A+ Registered office · since 2020 0660962552
- Clean Water Global Registered office · since 2019 0739777428
- CED BELGIUM Establishment · since 2019 0703921971
- EMT Registered office · since 2018 0693882570
- IMMO NC Registered office · since 2018 0690543790
- Vereniging van mede-eigenaars "BUSINESSPARK ZUIDERPARK GENK - FASE 3" te 3600 Genk, Nieuwpoortlaan 21 Registered office · since 2017 0680983748
Connections & network
1 current directorThe network starts from the directors of TELEMATIC. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
28-12
Gazette deed
Resignation: TRIPPAERS David (manager)Reappointment: TRIPPAERS David (director) · Amendment of the articles · Capital conversion9 points ▸
- General meeting, 09-12-2022
- Amendment of the articles, mentioned 4 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen statutair onbeschikbare eigen vermogensrekening, vormen en meerderheden statutenwijziging” (deed in Dutch)
- Other provision, “bijzonder verslag bestuursorgaan wijziging voorwerp, DERDE BESLUIT” (deed in Dutch)
- Purpose change
- Director resignation, TRIPPAERS David (manager)
- Director reappointment, TRIPPAERS David (director (not named in the articles))
- Registered office clause, “vergadering verklaart, 3600 Genk,Nieuwpoortlaan 21 bus 12” (deed in Dutch)
01-12
Gazette deed
Registered office moved within GenkNew seat: Nieuwpoortlaan 21 bus 12 te 3600 Genk · Previous seat: Geraertsstraat 100 te 3600 Genk · Director in office3 points ▸
- General meeting, 14-11-2022
- Registered-office move, Nieuwpoortlaan 21 bus 12 te 3600 Genk
- Director in office, David Trippaers (director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0455.419.354
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Licences in the Official Gazette
2 publications · 2 kindsSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71304D1226/00F003 | Flanders | 4,422 m² | 1 · 2,398 m² | 9.7 m · 1 |