Equity
€5.8m from €40.5m in 2023
Equity fell by 86% in 2 years.
Telenet Retail
Lifetime
16 annual accounts with figures on one time axisTurnoverpeak €105.0m (2018)
€77.5m▼ 15.6%
Resultlowest -€9.7m (2020)
€8.5m▲ 25.6%
Equitypeak €40.5m (2023)
€5.8m▼ 52.6%
Debts
€59.8m▲ 154%
Staffpeak 458.5 FTE (2017)
299 FTE▼ 1.9%
Board7 names since 2019
5 directorsPorter John and 4 others
Owners3 names in the annual accounts
100%TELENET and 1 other
Documentsfilings and deeds
24-07-20267 days before the deadline
2025financial year
Turnover from €91.8m to €77.5mResult from €6.8m to €8.5mPowers of attorney: Charlotte Wuyts, Sarah Nijs and 4 others 09-09Publication in the Belgian Official Gazette 08-08Reappointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor) 21-05Resignations & appointments 24-03
Key points
from the 2025 annual accountsDebts
€59.8m 91% of the balance sheet
Suppliers 53%Taxes and wages 19%Other 27%
Of this, €58.6m falls due within a year.
Investments
€2.3m 2.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 173.7% higher than in 2024.
Staff
299 FTE from 458.5 in 2017
Between 2017 and 2025, 35% of the full-time equivalents disappeared.
Payment terms
258 days to suppliers
Telenet Retail pays its suppliers 181 days later than in 2024. Customers pay 13 days later.
Board
2 joined · 1 left
Board changed. Latest change 27-02-2026 · 4 in office.
Checked score
79
Excellent
Financially stronger than 30% of large companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 132 companies (NACE 46, large).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.5%● unchanged vs 08-2026highest value
10-2026: 0.5%● unchanged vs 09-2026highest value
11-2026: 0.5%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.02, cash €205,202
Equity €5.8m (8.8% of total assets)
lowers risk
Founded in 2009
Size: turnover €77.5m, 299 FTE, total assets €65.6m
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 46, large). It does better than 14% of them on solvency, 4% on liquidity, 96% on profitability and 7% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,925 companies had the same profile as Telenet Retail has now. Each dot stands for 5 companies, two years later.
95.2%
were still trading
3.3%
stopped another way
1.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Telenet Retail itself: 0.5% 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 1,925 companies, not a prediction for Telenet Retail. 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.
Credit verdict
Credit of up to €450,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.02 (1.35 in 2024), below the usual 1.5. Short-term debt is 89.3% and cash 0.3% of total assets. 91.2% of the assets are financed with debt and provisions.
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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 · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 6182 sector peers (2025).
NBB · sector comparisonPosition among 6182 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 days early
2024
69 days early
2023
76 days early
2022
75 days early
2021
73 days early
2020
67 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 62 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
PJ
Porter John
Director, since 28-04-2021
KB
KPMG Bedrijfsrevisoren BV/SRL
Auditor, Götwin Jackers
- TELENET 100%score 85equity €2.70bn (2025) · deed of 05-05-2026
- TELENET GROUP HOLDING 0.1%equity €1.72bn (2025) · 2025 annual accounts of TELENET GROUP HOLDING
Recent changes
Resignations & appointments
Board meeting of 30-07-2026 · Gazette deed
Permanent representatives: Maarten Poel and Götwin Jackers
Board meeting of 30-07-2026 · Gazette deed
Telenet BV holds all the shares
Gazette deed
2 directors appointed, 1 resignation
Resignation: Dieter Nieuwdorp · Appointments: Silvia Brady and Bart van Sprundel · General meeting of 27-02-2026 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| Telenet Retail Mechelen | €77.5m | 14.8% | 8.8% | 299 |
| Fero Group Willebroek | €35.9m | 10.7% | 13.6% | 178.8 |
| TELEVIC RAIL Izegem | €56.1m | 10.7% | 42.0% | 135.4 |
| KONICA MINOLTA BUSINESS SOLUTIONS (BELGIUM) N.V./S.A. Machelen (Brab.) | €46.1m | 0.0% | 57.2% | 168.2 |
| TELEVIC Izegem | €63.2m | 16.6% | 78.4% | 101.5 |
| NEXANS NETWORK SOLUTIONS Halle | €103.8m | 5.7% | 48.9% | 321.6 |
| VAN ROEY AUTOMATION Turnhout | €54.2m | 3.8% | 46.6% | 119 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Telenet Retail: wholesale of information and communication equipment (NACE 46500). They are comparable in size and age: total assets between €24m and €71m, founded between 1992 and 2010.
Official details
Source: KBO- Status
- Active since 23-06-2009Normal situation
- Registered office
- 14 active companies are registered at this address4 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Wholesale of information and communication equipmentNACE 46500and 2 others
- Joint committee
- 311Large retail businesses · annual accounts 2025
- Establishment units
- 2.143.055.3458500 Kortrijk, since 27-09-1999
- 2.153.119.4902640 Mortsel, since 20-02-2006and 32 others
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- Total assets
- €65.6m▲ 83.1%
- Employeeson 31-12-2025
- 299▼ 6.6%
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Companies linked to Telenet Retail
Parent and group
Insights on Telenet Retail
Telenet Retail has existed since 2009. Turnover grew from €57.3m in 2010 to €77.5m in 2025 and staff from 164.1 to 299 full-time equivalents.
Solvency fell in 2025 from 34.2% to 8.8% because of the dividend and higher debts to suppliers.
TELENET holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Telenet Retail
- What is the company number of Telenet Retail?
- The company number of Telenet Retail is 0813.219.195. The VAT number is the same number with BE in front: BE 0813.219.195.
- Where is Telenet Retail based?
- The registered office is at Liersesteenweg 4, 2800 Mechelen.Company details
- What does Telenet Retail do?
- According to the KBO register, the main activity is wholesale of information and communication equipment (NACE 46500).
- What is the legal form of Telenet Retail?
- Telenet Retail is a private limited company (BV).
- When was Telenet Retail founded?
- Telenet Retail was founded on 23-06-2009.
- Is Telenet Retail still active?
- Yes, Telenet Retail is an active enterprise in the KBO register.
- How many employees does Telenet Retail have?
- Telenet Retail had an average of 299 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Telenet Retail fall under?
- In its 2025 annual accounts, Telenet Retail states joint committee 311 (Large retail businesses).
- What is the turnover of Telenet Retail?
- The turnover of Telenet Retail was €77.5m in financial year 2025, according to the filed annual accounts.
- Is Telenet Retail profitable?
- In financial year 2025, Telenet Retail made a profit of €8.5m.
- Where can I find the annual accounts of Telenet Retail?
- Telenet Retail filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Telenet Retail due?
- Telenet Retail must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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