TELEPACK
ActiveThe file of TELEPACK contains 1 judicial reorganisation, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 20.2% (high). The 2025 annual accounts show equity of €112,079 and a net result of -€65,486. Equity is shrinking by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 33% of 262 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability1=
Solvency49▼-10
Growth32=
Track record60
Bankruptcy probability, 12 months
20.2%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.27 against 1.48 in 2024; short-term debt: 76.2% and cash: 5.7% of total assets), and 76.2% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2025Solvency, return and age of the figures
Solvency
23.8%
Return on assets
-13.9%
Age of the figures
9 mo
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€65,486
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 filingsDeviation from the deadline
2025
25 d late
2024
57 d late
2023
335 d late
2022
3 d early
2021
30 d late
2020
4 d early
2019
32 d late
← 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 67 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 oldest company in Hainaut, Telecommunications sector#8 company by total assets in Hainaut, Telecommunications sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€65,486▲ 8.9%
2024 · -€71,914
Working capital
€96,869▼ 40.1%
2024 · €161,643
Trend over the years
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-€13,994▲ 76.6%-€35,324▼ 152%€120,277-€71,460-€64,328▲ 10.0%
Net result-€14,332▲ 80.2%-€35,678▼ 149%€108,133-€71,914-€65,486▲ 8.9%
Equity€177,023▼ 7.5%€141,345▼ 20.2%€249,478▲ 76.5%€177,564▼ 28.8%€112,079▼ 36.9%
Total assets€781,913▲ 2.8%€714,328▼ 8.6%€498,983▼ 30.1%€516,215▲ 3.5%€470,059▼ 8.9%
Debt€604,890▲ 6.3%€572,983▼ 5.3%€249,505▼ 56.5%€338,651▲ 35.7%€357,980▲ 5.7%
Working capital€156,786▼ 6.4%€120,266▼ 23.3%€231,645▲ 92.6%€161,643▼ 30.2%€96,869▼ 40.1%
Staff (FTE)17▲ 30.8%20▲ 17.6%22.2▲ 11.0%22.2=21.5▼ 3.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €64,328 in 2025 against €71,460 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €470,059
Fixed assets
€15,210 ▼ 4.5%
Current assets
€454,849 ▼ 9.1%
Equity and liabilities €470,059
Equity
€112,079 ▼ 36.9%
Debt
€357,980 ▲ 5.7%
Debt's share of the balance-sheet total rises from 65.6% to 76.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€63,616▲
2024 · -€69,547
Cash flow
-€64,774▲
2024 · -€70,002
Current ratio
1.27▼
2024 · 1.48
Debt to equity
3.19▲
2024 · 1.91
ROE
-58.4%▼
2024 · -40.5%
ROA
-13.9%=
2024 · -13.9%
Interest coverage
-54.94▲
2024 · -153.11
Debt ≤ 1 year
€357,980▲
2024 · €338,651
Staff costs
€698,532▲
2024 · €642,281
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 308 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 88% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.9%
went bankrupt
5.2%
stopped otherwise
88%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 20.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 308 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €524,693 | €668,001 | €708,359 | €642,281 | €698,532 | ▲ 8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,580 | €2,606 | €3,246 | €1,912 | €711 | ▼ 62.8% |
| Other operating charges640/8 | €888 | €1,044 | - | - | - | - |
| Gross operating margin9900 | €514,167 | €636,327 | €831,882 | €572,733 | €634,915 | ▲ 10.9% |
| Operating profit (loss)9901 | -€13,994 | -€35,324 | €120,277 | -€71,460 | -€64,328 | ▲ 10.0% |
| Financial income75/76B | €0 | - | €12 | - | - | - |
| Recurring financial income75 | €0 | - | €12 | - | - | - |
| Financial charges65/66B | €338 | €354 | €16,278 | €454 | €1,158 | ▲ 155% |
| Recurring financial charges65 | €338 | €354 | €348 | €454 | €1,158 | ▲ 155% |
| Non-recurring financial charges66B | - | - | €15,929 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€14,332 | -€35,678 | €104,011 | -€71,914 | -€65,486 | ▲ 8.9% |
| Income taxes67/77 | - | - | -€4,122 | - | - | - |
| Profit (loss) for the period9904 | -€14,332 | -€35,678 | €108,133 | -€71,914 | -€65,486 | ▲ 8.9% |
| Profit (loss) for the period to be appropriated9905 | -€14,332 | -€35,678 | €108,133 | -€71,914 | -€65,486 | ▲ 8.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €781,913 | €714,328 | €498,983 | €516,215 | €470,059 | ▼ 8.9% |
| Fixed assets21/28 | €21,192 | €21,079 | €17,833 | €15,921 | €15,210 | ▼ 4.5% |
| Tangible fixed assets22/27 | €7,126 | €6,733 | €3,487 | €1,575 | €864 | ▼ 45.2% |
| Land and buildings22 | €4,133 | €2,533 | €933 | - | - | - |
| Furniture and vehicles24 | €2,993 | €4,200 | €2,554 | €1,575 | €864 | ▼ 45.2% |
| Financial fixed assets28 | €14,066 | €14,346 | €14,346 | €14,346 | €14,346 | = |
| Current assets29/58 | €760,721 | €693,249 | €481,150 | €500,294 | €454,849 | ▼ 9.1% |
| Amounts receivable within one year40/41 | €698,851 | €689,620 | €480,862 | €500,164 | €427,953 | ▼ 14.4% |
| Trade receivables40 | - | €94,984 | €121,832 | €159,596 | €82,885 | ▼ 48.1% |
| Other amounts receivable41 | €698,851 | €594,636 | €359,030 | €340,568 | €345,068 | ▲ 1.3% |
| Cash at bank and in hand54/58 | €58,938 | €697 | €288 | €130 | €26,896 | ▲ 20,635% |
| Deferred charges and accrued income490/1 | €2,932 | €2,932 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €781,913 | €714,328 | €498,983 | €516,215 | €470,059 | ▼ 8.9% |
| Equity10/15 | €177,023 | €141,345 | €249,478 | €177,564 | €112,079 | ▼ 36.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | €6,200 | - | - | - | - |
| Share premium1100/10 | €6,200 | €6,200 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €168,963 | €133,285 | €241,418 | €169,504 | €104,019 | ▼ 38.6% |
| Amounts payable17/49 | €604,890 | €572,983 | €249,505 | €338,651 | €357,980 | ▲ 5.7% |
| Amounts payable within one year42/48 | €603,935 | €572,983 | €249,505 | €338,651 | €357,980 | ▲ 5.7% |
| Trade debts44 | €352,212 | €355,572 | €40,953 | €101,703 | €37,825 | ▼ 62.8% |
| Suppliers440/4 | €352,212 | €355,572 | €40,953 | €101,703 | €37,825 | ▼ 62.8% |
| Taxes, remuneration and social security45 | €77,986 | €44,671 | €87,522 | €115,918 | €127,556 | ▲ 10.0% |
| Taxes450/3 | €56,160 | €22,845 | €1,458 | €38,943 | €127,556 | ▲ 228% |
| Remuneration and social security454/9 | €21,825 | €21,825 | €86,064 | €76,976 | - | - |
| Other amounts payable47/48 | €173,738 | €172,741 | €121,029 | €121,029 | €192,598 | ▲ 59.1% |
| Accrued charges and deferred income492/3 | €955 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,332 | -€35,678 | €108,133 | -€71,914 | -€65,486 | ▲ 8.9% |
| + Depreciation and write-downs630 | €2,580 | €2,606 | €3,246 | €1,912 | €711 | ▼ 62.8% |
| Operating cash flow (approximation) | -€11,751 | -€33,072 | €111,379 | -€70,002 | -€64,774 | ▲ 7.5% |
| Investment in fixed assets (approximation) | - | -€2,494 | €0 | €0 | €0 | - |
| Change in cash | - | -€58,241 | -€409 | -€158 | €26,766 | ▲ 17,028% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 335 days late
2023
31-12
Financial
Back to profitnet €108,133
Net result €108,133 after 4 loss-making years.
31-12
Financial
Equity above €200,000Eq €249,478 ▲76.5%
Equity rises from €141,345 to €249,478.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€72,361
Net result drops to -€72,361, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 72 days late
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 90 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
08-03
Judicial reorganisation
Plan homologation
Tribunal de commerce du Hainaut · event 01-03-2017
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Tournai · 3 establishment units since 2000
Ground area
5,936 m²
Building footprint
1,224 m²
Volume, LiDAR
5,919 m³
3 parcels, Wallonia · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
TRAVAIL ET PARTAGE
since 20002.093.973.741
TELEPACK
since 20152.241.839.353
TELEPACK
since 20202.300.114.181
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54003T0320/00D000 | Wallonia | 4,181 m² | 1 · 253 m² | 10.9 m · 1 fl. |
| 57033A0156/00B002 | Wallonia | 968 m² | 1 · 795 m² | 9.2 m · 2 fl. |
| 53019C0330/00G006indicative | Wallonia | 787 m² | 1 · 175 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,372 companies in sector 61100 we hold annual accounts for 585. 409 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
Founded07-06-2000
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
61100Wired, wireless and satellite telecommunications
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472072868
Also
9925:BE0472072868
Registered
24-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.