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Telenet Group

Active
Public limited companyfounded 1998active for 28 yearsLiersesteenweg 4, 2800 Mechelen, BelgiumKBO/BCE: BE 0462.925.669

From the official registers: KBO 31 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Telenet Group has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.06bn and a net result of -€133.4m. Equity has been shrinking by about 5% per year since 2018. Its solvency ranks better than 56% of 95 sector peers (NACE 61, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

Official details

KBO
Status
Active since 19-03-1998 Normal situation
Registered office
14 active companies are registered at this address 4 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Wired, wireless and satellite telecommunications NACE 61100
Establishment units
8 establishment units
Financial year end
31 December
Peppol
Reachable

Board and ownership

Board
Shareholders

Financial position

83 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Annual accounts 2025
Turnover
€254.7m
▼ 2.2%
Loss
€133.4m
▲ 42.9%
Equity
€3.06bn
▼ 3.9%
Total assets
€7.35bn
▼ 0.7%
Staff
310.6 FTE
▼ 5.7%
Filed on 05-08-2026, 5 days after the deadlineat the National Bank
Score breakdownraises riskLiquidity: current ratio 0.79Sector: Telecommunications (NACE 61)lowers riskFounded in 1998Size: turnover €254.7m, 310.6 FTE, total assets €7.35bnShow the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 55% of all companies
Financial strength · tick: 2024
Strong
Solvency 67-1
equity 41.6% of total assets
Liquidity 88-12
short-term debt 19.4%
Profitability 51=
return on assets -1.8%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (12 companies, NACE 61, large)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.2%▼ -0.1 percentage points vs 01-2025lowest value 03-2025: 0.3%▲ +0.1 percentage points vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.1 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.3%▼ -0.1 percentage points vs 01-2026 03-2026: 0.4%▲ +0.1 percentage points vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.4 percentage points vs 07-2026highest value 09-2026: 0.5%▼ -0.3 percentage points vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026
Credit of up to €25,450,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.79 (2.02 in 2024), below 1. Short-term debt is 19.4% of total assets. 58.4% of the assets are financed with debt and provisions.
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 (all companies). It does better than 57% of them on solvency, 96% on liquidity, 37% on profitability and 32% on growth.

The bankruptcy probability was computed on 31-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.79
NBB · annual accounts
lowers risk · Founded in 1998
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Telecommunications (NACE 61)
KBO
lowers risk · Size: turnover €254.7m, 310.6 FTE, total assets €7.35bn
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€133.4m
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
5 days late
2024
41 days early
2023
76 days early
2022
75 days early
2021
73 days early
2020
66 days early
2019
67 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 56 days before the deadline. In the sector (NACE 61), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 May (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 95% of companies in telecommunicationssector median €21,865 · 95 companies -€133.4m View
  • Caution: Board changedlatest change 27-02-2026 · 3 in office 2 joined · 3 left View
  • Caution: Result fell in 2025from -€93.4m to -€133.4m ▼ 42.9% View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€133.4m View
  • EU research moneyEU contribution €1.4m View

Companies linked to Telenet Group

Comparable companies

These companies have the same main activity as Telenet Group: wired, wireless and satellite telecommunications (NACE 61100). They are comparable in size and age: total assets between €832m and €23bn, founded between 1923 and 2020.

CompanyTotal assetsTurnover
Telenet Group Mechelen€7,351.3m€254.7m
ORANGE BELGIUM Evere€3,705.0m€1,668.6m
SOCIETY FOR WORLDWIDE INTERBANK FINANCIAL TELECOMMUNICATION La Hulpe€1,285.0m€1,144.9m
ENODIA Liège€1,345.8m-
Fiberklaar Gent€831.8m€18.1m
ATLAS SERVICES BELGIUM Evere€22,718.3m€1.8m
PROXIMUS Schaarbeek€9,961.1m€3,895.0m
Full comparison

Documents

Annual accounts at the NBB

All 31 annual accounts

Articles and registers

Key facts about Telenet Group

What is the company number of Telenet Group?
The company number of Telenet Group is 0462.925.669. The VAT number is the same number with BE in front: BE 0462.925.669.
Where is Telenet Group based?
The registered office is at Liersesteenweg 4, 2800 Mechelen.Company details
What does Telenet Group do?
According to the KBO register, the main activity is wired, wireless and satellite telecommunications (NACE 61100).
What is the legal form of Telenet Group?
The legal form of Telenet Group is Public limited company (NV).
When was Telenet Group founded?
Telenet Group was founded on 19-03-1998.
Is Telenet Group still active?
Yes, Telenet Group is an active enterprise in the KBO register.
How many employees does Telenet Group have?
Telenet Group had an average of 310.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Telenet Group?
The turnover of Telenet Group was €254.7m in financial year 2025, according to the filed annual accounts.
Is Telenet Group profitable?
In financial year 2025, Telenet Group made a loss of €133.4m.
Where can I find the annual accounts of Telenet Group?
Telenet Group filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of Telenet Group due?
Telenet Group must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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