TELEMIS
ActiveFinancials · financial year 2026, full format
Annual accounts 2026 filed on 24-08-2026 at the NBB all 27 filings
Turnover
≈ €4.6m
Estimated: probably between €3.1m and €7.6m
EBIT margin
Not included in this filing
Net result
-€113,427▲ 34.9%
2025 · -€174,148
Working capital
€1.2m▼ 9.4%
2025 · €1.4m
In the rankings
#9 company by total assets in Ottignies-Louvain-la-Neuve, Telecoms and IT sector#9 oldest company in Ottignies-Louvain-la-Neuve, Telecoms and IT sector#10 employer in Walloon Brabant, Computing infrastructure and information services sector
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
-€71,749
▲ 62.6%
2026
20192026
Net result
-€113,427
▲ 34.9%
2026
20192026
Equity
€959,382
▼ 10.6%
2026
20192026
Total assets
€4.3m
▼ 4.2%
2026
20192026
Debt
€3.4m
▼ 2.3%
2026
20192026
Working capital
€1.2m
▼ 9.4%
2026
20192026
Solvency
22.2%
▼ 1.6pp
2026
20192026
Current ratio
1.75
▼ 0.11
2026
20192026
Return on assets (ROA)
-2.6%
▲ 1.2pp
2026
20192026
Staff (FTE)
21.2
▼ 5.8%
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€0.2m-€0.2m▼ 32.3%€0.7m▲ 382%€0.5m▼ 27.6%-€0.03m-€0.5m▼ 1,340%-€0.2m▲ 57.7%-€0.07m▲ 62.6%
Net result€0.3m-€0.1m▼ 64.6%€0.2mwithin the sector's middle half▲ 41.7%€0.5mabove the sector's middle half▲ 198%€0.03mwithin the sector's middle half▼ 93.2%-€0.5mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 62.0%-€0.1m▲ 34.9%
Equity€1.2m-€1.5m▲ 21.2%€1.2mwithin the sector's middle half▼ 18.1%€1.7mwithin the sector's middle half▲ 38.5%€1.7mwithin the sector's middle half▲ 1.9%€1.2mwithin the sector's middle half▼ 26.9%€1.1mwithin the sector's middle half▼ 14.0%€1.0m▼ 10.6%
Total assets€3.9m-€4.3m▲ 8.8%€3.6mwithin the sector's middle half▼ 15.2%€4.2mwithin the sector's middle half▲ 14.2%€4.3mwithin the sector's middle half▲ 3.9%€4.6mwithin the sector's middle half▲ 6.9%€4.5mwithin the sector's middle half▼ 2.0%€4.3m▼ 4.2%
Debt€2.7m-€2.8m▲ 3.3%€2.4m▼ 13.6%€2.5m▲ 2.1%€2.6m▲ 5.3%€3.4m▲ 28.9%€3.4m▲ 2.5%€3.4m▼ 2.3%
Working capital€1.3m-€1.6m▲ 20.5%€2.3mabove the sector's middle half▲ 46.4%€2.1mabove the sector's middle half▼ 9.1%€1.8mabove the sector's middle half▼ 15.0%€1.5mabove the sector's middle half▼ 15.7%€1.4mwithin the sector's middle half▼ 8.2%€1.2m▼ 9.4%
Solvency30.9%-34.4%▲ 3.5pp33.2%within the sector's middle half▼ 1.2pp40.3%within the sector's middle half▲ 7.1pp39.5%within the sector's middle half▼ 0.8pp27.0%within the sector's middle half▼ 12.5pp23.7%within the sector's middle half▼ 3.3pp22.2%▼ 1.6pp
Current ratio1.97-2.37▲ 0.404.18above the sector's middle half▲ 1.814.03above the sector's middle half▼ 0.153.07within the sector's middle half▼ 0.961.99within the sector's middle half▼ 1.081.86within the sector's middle half▼ 0.131.75▼ 0.11
Return on assets (ROA)7.9%-2.6%▼ 5.3pp4.3%within the sector's middle half▲ 1.7pp11.2%within the sector's middle half▲ 6.9pp0.7%within the sector's middle half▼ 10.5pp-9.9%below the sector's middle half▼ 10.7pp-3.9%below the sector's middle half▲ 6.1pp-2.6%▲ 1.2pp
Staff (FTE)24.5-23▼ 6.1%23.8within the sector's middle half▲ 3.5%23within the sector's middle half▼ 3.4%23.6above the sector's middle half▲ 2.6%23.1within the sector's middle half▼ 2.1%22.5within the sector's middle half▼ 2.6%21.2▼ 5.8%
above
within
below
The sector band is the middle half of the companies in Computing infrastructure, data processing, hosting and other information service activities (NACE 63). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is a loss of €71,749, smaller than the loss of €191,622 in 2025.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €4.3m
Fixed assets
€1.4m ▼ 7.8%
Current assets
€2.9m ▼ 2.4%
Equity and liabilities €4.3m
Equity
€959,382 ▼ 10.6%
Debt
€3.4m ▼ 2.3%
Debt's share of the balance-sheet total rises from 76.3% to 77.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€898,415▲
2025 · €859,274
Cash flow
€856,737▼
2025 · €876,748
Quick ratio
1.75▼
2025 · 1.85
Debt to equity
3.51▲
2025 · 3.21
ROE
-11.8%▲
2025 · -16.2%
Interest coverage
17.16▼
2025 · 21.67
Debt ≤ 1 year
€1.7m▲
2025 · €1.6m
Income taxes
-€9,956▲
2025 · -€57,052
Staff costs
€1.8m▲
2025 · €1.8m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 22 | 23 | 22 | 22 | 20 |
| full-time | 21 | 23 | 21 | 21 | 18 |
| part-time | 1 | - | 1 | 1 | 2 |
| in full-time equivalents | 21.8 | 23 | 21.9 | 21.9 | 19.7 |
| Average over the year, in full-time equivalents | 22.6 | 23.6 | 23.1 | 22.5 | 21.2 |
| On a permanent contract | 22 | 23 | 22 | 22 | 20 |
| Joined | 5 | 8 | 3 | 2 | 1 |
| Left | 8 | 7 | 4 | 2 | 3 |
| Training hours | 864 | 420 | 1,794 | 641 | - |
Source: social balance sheet in the 2022 to 2026 annual accounts
Overdue debts
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Overdue tax debts | €80,655 | €96,117 | €100,127 | €89,362 | - |
| Overdue social security (RSZ) debts | €40,023 | €31,821 | €47,210 | €39,654 | - |
Source: notes to the 2022 to 2026 annual accounts (statement of debts)
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Guarantees given for others' debts | - | - | - | - | €118,680 |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €20,755 | €63,056 | €51,494 | €12,574 | €7,485 |
| Intangible fixed assets | €1.1m | €1.0m | €871,995 | €987,795 | €848,406 |
| Financial fixed assets | €10,000 | - | - | - | - |
| Depreciation and write-downs of the year | €402,578 | €791,310 | €1.0m | €1.1m | €970,164 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Public contracts
3 awards · 2024 to 2026
Fourniture, installation et maintenance d'une solution de numérisation de lames, d'un IMS et d'algorithmes pour la digitalisation du laboratoire d'anatomopathologie: Lot 2 IMS
Maintenance omnium pacs et macs
Levering, plaatsing en indienststelling van een coupescanner + huur IMS software: IMS software
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €0.02m | - |
| Remuneration, social security and pensions62 | - | - | - | €1.6m | €1.8m | €1.8m | €1.8m | €1.8m | ▲ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.4m | €0.8m | €1.0m | €1.1m | €1.0m | ▼ 7.7% |
| Other operating charges640/8 | - | - | - | €0.002m | €0.002m | €0.002m | €0.003m | €0.005m | ▲ 74.5% |
| Gross operating margin9900 | €2.1m | €1.9m | €2.6m | €2.6m | €2.5m | €2.3m | €2.6m | €2.7m | ▲ 2.3% |
| Operating profit (loss)9901 | €0.2m | €0.2m | €0.7m | €0.5m | -€0.03m | -€0.5m | -€0.2m | -€0.07m | ▲ 62.6% |
| Financial income75/76B | - | - | - | €189 | €2 | €0.001m | €68 | €0.001m | ▲ 974% |
| Recurring financial income75 | €24 | €0.004m | €0.6m | €189 | €2 | €0.001m | €68 | €0.001m | ▲ 974% |
| Financial charges65/66B | - | - | - | €0.03m | €0.02m | €0.03m | €0.04m | €0.05m | ▲ 32.1% |
| Recurring financial charges65 | €0.03m | €0.03m | €0.02m | €0.03m | €0.02m | €0.03m | €0.04m | €0.05m | ▲ 32.1% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.1m | €0.1m | €0.5m | -€0.05m | -€0.5m | -€0.2m | -€0.1m | ▲ 46.6% |
| Income taxes67/77 | -€0.1m | €0.02m | -€0.06m | €0.05m | -€0.08m | -€0.02m | -€0.06m | -€0.01m | ▲ 82.5% |
| Profit (loss) for the period9904 | €0.3m | €0.1m | €0.2m | €0.5m | €0.03m | -€0.5m | -€0.2m | -€0.1m | ▲ 34.9% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.1m | €0.2m | €0.5m | €0.03m | -€0.5m | -€0.2m | -€0.1m | ▲ 34.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.9m | €4.3m | €3.6m | €4.2m | €4.3m | €4.6m | €4.5m | €4.3m | ▼ 4.2% |
| Fixed assets21/28 | €1.3m | €1.6m | €0.6m | €1.4m | €1.7m | €1.6m | €1.5m | €1.4m | ▼ 7.8% |
| Intangible fixed assets21 | €1.3m | €1.5m | €0.6m | €1.3m | €1.6m | €1.5m | €1.5m | €1.4m | ▼ 5.9% |
| Tangible fixed assets22/27 | €0.03m | €0.02m | €0.02m | €0.03m | €0.07m | €0.08m | €0.05m | €0.02m | ▼ 62.4% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.06m | €0.08m | €0.04m | €0.01m | ▼ 68.5% |
| Furniture and vehicles24 | - | - | - | €0.006m | €0.006m | €0.006m | €0.005m | €0.004m | ▼ 23.3% |
| Other tangible fixed assets26 | - | - | - | €0.002m | €0.001m | €293 | €0.001m | €0.001m | ▲ 65.4% |
| Financial fixed assets28 | - | - | €150 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Current assets29/58 | €2.7m | €2.7m | €3.0m | €2.8m | €2.6m | €3.0m | €3.0m | €2.9m | ▼ 2.4% |
| Stocks and contracts in progress3 | €0.01m | €0.004m | €0.007m | €0.01m | €0.006m | €0.005m | €0.005m | €0.005m | ▼ 0.5% |
| Stocks30/36 | - | - | - | €0.01m | €0.006m | €0.005m | €0.005m | €0.005m | ▼ 0.5% |
| Amounts receivable within one year40/41 | €2.4m | €2.4m | €2.4m | €2.3m | €2.2m | €2.6m | €2.4m | €2.4m | ▼ 1.3% |
| Trade receivables40 | - | - | - | €2.1m | €2.1m | €2.4m | €2.3m | €2.3m | ▼ 1.8% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.2m | €0.2m | €0.1m | €0.1m | ▲ 8.2% |
| Cash at bank and in hand54/58 | €0.09m | €0.2m | €0.4m | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | ▼ 17.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 4.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.9m | €4.3m | €3.6m | €4.2m | €4.3m | €4.6m | €4.5m | €4.3m | ▼ 4.2% |
| Equity10/15 | €1.2m | €1.5m | €1.2m | €1.7m | €1.7m | €1.2m | €1.1m | €1.0m | ▼ 10.6% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | €0.7m | €0.8m | €1.0m | €1.5m | €1.5m | €1.0m | €0.9m | €0.7m | ▼ 13.2% |
| Amounts payable17/49 | €2.7m | €2.8m | €2.4m | €2.5m | €2.6m | €3.4m | €3.4m | €3.4m | ▼ 2.3% |
| Amounts payable within one year42/48 | €1.3m | €1.1m | €0.7m | €0.7m | €0.9m | €1.5m | €1.6m | €1.7m | ▲ 3.6% |
| Trade debts44 | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.4m | €0.3m | €0.4m | ▲ 46.8% |
| Suppliers440/4 | - | - | - | €0.3m | €0.3m | €0.4m | €0.3m | €0.4m | ▲ 46.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.4m | €0.4m | €0.5m | €0.4m | €0.4m | ▼ 0.6% |
| Taxes450/3 | - | - | - | €0.08m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 16.6% |
| Remuneration and social security454/9 | - | - | - | €0.3m | €0.3m | €0.4m | €0.3m | €0.3m | ▼ 5.8% |
| Other amounts payable47/48 | - | - | - | - | €0.2m | €0.6m | €0.9m | €0.8m | ▼ 8.6% |
| Accrued charges and deferred income492/3 | - | - | - | €1.8m | €1.7m | €1.8m | €1.8m | €1.7m | ▼ 7.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.1m | €0.2m | €0.5m | €0.03m | -€0.5m | -€0.2m | -€0.1m | ▲ 34.9% |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.4m | €0.8m | €1.0m | €1.1m | €1.0m | ▼ 7.7% |
| Operating cash flow (approximation) | €0.5m | €0.3m | €0.3m | €0.9m | €0.8m | €0.6m | €0.9m | €0.9m | ▼ 2.3% |
| Investment in fixed assets (approximation) | - | -€0.4m | €0.8m | -€1.2m | -€1.1m | -€0.9m | -€1.0m | -€0.9m | ▲ 14.9% |
| Change in cash | - | €0.06m | €0.3m | -€0.3m | €0.05m | -€0.02m | €0.1m | -€0.05m | - |
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, 2,507 companies had the same profile as TELEMIS has now. Two years later, 96.4% were still going and 1.6% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
96.4%
was still going
1.8%
stopped otherwise
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TELEMIS itself: 0.3% 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 2,507 companies, not a prediction for TELEMIS. 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 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | full format | 24-08-2026 | 2026-00417128 | |
| 31-03-2025 | full format | 25-06-2025 | 2025-00173435 | |
| 31-03-2024 | full format | 29-07-2024 | 2024-00314253 | |
| 31-03-2023 | full format | 29-08-2023 | 2023-00388948 | |
| 31-03-2022 | full format | 10-10-2022 | 2022-20455583 | |
| 31-03-2021 | full format | 17-11-2021 | 2021-77400238 | |
| 31-03-2020 | full format | 02-12-2020 | 2020-74600527 | |
| 31-03-2019 | full format | 28-06-2019 | 2019-24700584 | |
| 31-03-2018 | full format | 12-07-2018 | 2018-32400359 | |
| 31-03-2017 | full format | 19-06-2017 | 2017-18800338 |