Summary
TELESCO has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €43.0m and a net result of €5.6m. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 3221 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
9 d early
2023
30 d early
2022
336 d late
2021
402 d late
2020
293 d late
2019
8 d early
← 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 137 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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, full schema
In the rankings
#2 company by equity in Deinze, Professional and technical services sector#4 company by total assets in Deinze, Professional and technical services sector
Turnover
€3.5m▼ 6.7%
2024 · €3.8m
EBIT margin
48.5%▼ 17.6pp
2024 · 66.1%
Net result
€5.6m▲ 3.5%
2024 · €5.4m
Working capital
-€7.8m
2024 · €1.3m
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
Turnover€2.8m▲ 35.3%€3.6m▲ 29.0%€3.6m▼ 0.2%€3.8m▲ 3.8%€3.5m▼ 6.7%
Operating result€1.9m▲ 54.3%€142,768▼ 92.5%€2.7m▲ 1,800%€2.5m▼ 8.1%€1.7m▼ 31.6%
Net result€6.4m▲ 68.7%€23.9m▲ 276%€3.3m▼ 86.0%€5.4m▲ 61.9%€5.6m▲ 3.5%
EBIT margin67.3%▲ 8.3pp3.9%▼ 63.3pp74.6%▲ 70.7pp66.1%▼ 8.6pp48.5%▼ 17.6pp
Equity€22.2m▲ 40.1%€28.7m▲ 28.9%€32.0m▲ 11.7%€37.4m▲ 16.9%€43.0m▲ 15.0%
Total assets€30.5m▲ 13.8%€50.7m▲ 66.4%€49.0m▼ 3.5%€55.1m▲ 12.5%€66.6m▲ 20.9%
Debt€8.3m▼ 24.3%€22.1m▲ 167%€17.0m▼ 23.1%€17.7m▲ 4.0%€23.6m▲ 33.5%
Working capital€724,667€22.1m▲ 2,948%€5.3m▼ 75.9%€1.3m▼ 74.8%-€7.8m
Staff (FTE)3.7▼ 22.9%2.3▼ 37.8%2▼ 13.0%2.1▲ 5.0%3▲ 42.9%
Why a figure moved sharply
- 2024 Net result +62% on 2023. Cause not known from the registers.
- 2023 Net result -86% on 2022. Cause not known from the registers.
- 2022 Net result +276%, Total assets +66% on 2021. Cause not known from the registers.
- 2021 Net result +69% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €66.6m
Fixed assets
€62.5m ▲ 26.6%
Current assets
€4.0m ▼ 28.8%
Equity and liabilities €66.6m
Equity
€43.0m ▲ 15.0%
Debt
€23.6m ▲ 33.5%
Debt's share of the balance-sheet total rises from 32.1% to 35.4%. Equity and debt are higher.
Key figures and ratios
ROE
13.0%▼
2024 · 14.5%
ROA
8.4%▼
2024 · 9.8%
Debt ≤ 1 year
€11.8m▲
2024 · €4.3m
Debt > 1 year
€11.4m▼
2024 · €13.0m
Income taxes
€330,856▲
2024 · €320,685
Staff costs
€269,955▲
2024 · €196,012
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €3.4m | €4.1m | €4.0m | €4.1m | €3.9m | ▼ 6.3% |
| Turnover70 | €2.8m | €3.6m | €3.6m | €3.8m | €3.5m | ▼ 6.7% |
| Other operating income74 | €612,092 | €484,945 | €350,491 | €359,986 | €352,937 | ▼ 2.0% |
| Non-recurring operating income76A | - | - | €1,860 | €0 | - | - |
| Operating charges60/66A | €1.5m | €4.0m | €1.3m | €1.6m | €2.2m | ▲ 32.0% |
| Services and other goods61 | €1.2m | €1.1m | €1.0m | €1.3m | €1.4m | ▲ 4.5% |
| Remuneration, social security and pensions62 | €281,113 | €229,738 | €183,088 | €196,012 | €269,955 | ▲ 37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,508 | €39,893 | €68,263 | €66,680 | €63,514 | ▼ 4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €30,785 | €21,875 | ▼ 28.9% |
| Other operating charges640/8 | €2,197 | €2,095 | €3,549 | €5,196 | €364,635 | ▲ 6,918% |
| Non-recurring operating charges66A | €1,313 | €2.6m | €0 | - | €43,840 | - |
| Operating profit (loss)9901 | €1.9m | €142,768 | €2.7m | €2.5m | €1.7m | ▼ 31.6% |
| Financial income75/76B | €5.2m | €24.1m | €1.9m | €4.6m | €4.7m | ▲ 1.7% |
| Recurring financial income75 | €5.2m | €24.1m | €1.9m | €4.6m | €4.3m | ▼ 7.6% |
| Income from financial fixed assets750 | €5.2m | €24.1m | €1.1m | €4.5m | €4.2m | ▼ 6.0% |
| Income from current assets751 | - | €243 | €824,353 | €88,563 | €81,436 | ▼ 8.0% |
| Other financial income752/9 | - | - | €0 | €74,211 | €67 | ▼ 99.9% |
| Non-recurring financial income76B | - | - | - | - | €430,517 | - |
| Financial charges65/66B | €363,611 | €350,496 | €512,065 | €1.4m | €484,528 | ▼ 65.2% |
| Recurring financial charges65 | €363,611 | €283,633 | €512,065 | €387,434 | €484,528 | ▲ 25.1% |
| Debt charges650 | - | €282,513 | €510,462 | €382,876 | €466,465 | ▲ 21.8% |
| Other financial charges652/9 | €363,611 | €1,120 | €1,603 | €4,558 | €18,063 | ▲ 296% |
| Non-recurring financial charges66B | - | €66,864 | €0 | €1.0m | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €6.8m | €23.9m | €4.1m | €5.7m | €5.9m | ▲ 3.5% |
| Income taxes67/77 | €399,213 | €353 | €785,346 | €320,685 | €330,856 | ▲ 3.2% |
| Taxes670/3 | €399,213 | €353 | €785,346 | €320,685 | €330,856 | ▲ 3.2% |
| Profit (loss) for the period9904 | €6.4m | €23.9m | €3.3m | €5.4m | €5.6m | ▲ 3.5% |
| Profit (loss) for the period to be appropriated9905 | €6.4m | €23.9m | €3.3m | €5.4m | €5.6m | ▲ 3.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30.5m | €50.7m | €49.0m | €55.1m | €66.6m | ▲ 20.9% |
| Fixed assets21/28 | €27.3m | €25.3m | €40.8m | €49.4m | €62.5m | ▲ 26.6% |
| Intangible fixed assets21 | €12,974 | €7,983 | €14,594 | €8,753 | €5,913 | ▼ 32.4% |
| Tangible fixed assets22/27 | €311,554 | €434,980 | €403,481 | €342,642 | €281,968 | ▼ 17.7% |
| Furniture and vehicles24 | €273,728 | €377,193 | €316,520 | €255,680 | €195,006 | ▼ 23.7% |
| Assets under construction and advance payments27 | €37,827 | €57,787 | €86,962 | €86,962 | €86,962 | = |
| Financial fixed assets28 | €26.9m | €24.8m | €40.4m | €49.0m | €62.3m | ▲ 27.0% |
| Affiliated companies280/1 | €18.1m | €18.7m | €23.3m | €32.1m | €33.6m | ▲ 4.7% |
| Participating interests280 | €18.1m | €18.7m | €23.3m | €32.1m | €33.6m | ▲ 4.7% |
| Companies linked by participating interests282/3 | €8.8m | €6.1m | €17.1m | €17.0m | €28.7m | ▲ 69.1% |
| Participating interests282 | €8.8m | €6.1m | €17.1m | €17.0m | €28.7m | ▲ 69.1% |
| Current assets29/58 | €3.2m | €25.5m | €8.2m | €5.7m | €4.0m | ▼ 28.8% |
| Stocks and contracts in progress3 | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €2.9m | €25.4m | €2.9m | €3.4m | €1.9m | ▼ 43.9% |
| Trade receivables40 | €255,726 | €2.5m | €166,744 | €114,347 | €311,176 | ▲ 172% |
| Other amounts receivable41 | €2.6m | €22.9m | €2.7m | €3.2m | €1.6m | ▼ 51.6% |
| Current investments50/53 | - | - | €5.0m | €0 | - | - |
| Other investments51/53 | - | - | €5.0m | €0 | - | - |
| Cash at bank and in hand54/58 | €308,631 | €55,552 | €171,396 | €2.2m | €2.1m | ▼ 6.0% |
| Deferred charges and accrued income490/1 | €67,964 | €58,471 | €72,683 | €107,948 | €74,055 | ▼ 31.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30.5m | €50.7m | €49.0m | €55.1m | €66.6m | ▲ 20.9% |
| Equity10/15 | €22.2m | €28.7m | €32.0m | €37.4m | €43.0m | ▲ 15.0% |
| Contributions10/11 | €5.3m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Reserves13 | €17.0m | €25.7m | €29.0m | €34.4m | €40.1m | ▲ 16.3% |
| Distributable reserves133 | €17.0m | €25.7m | €29.0m | €34.4m | €40.1m | ▲ 16.3% |
| Amounts payable17/49 | €8.3m | €22.1m | €17.0m | €17.7m | €23.6m | ▲ 33.5% |
| Amounts payable after more than one year17 | €5.7m | €17.8m | €13.9m | €13.0m | €11.4m | ▼ 12.1% |
| Financial debts170/4 | €5.7m | €17.8m | €13.9m | €13.0m | €11.4m | ▼ 12.1% |
| Unsubordinated bonds171 | €5.7m | €3.8m | €1.3m | €0 | - | - |
| Credit institutions173 | - | - | - | €1.8m | €0 | ▼ 100% |
| Other loans174 | - | €14.0m | €12.6m | €11.2m | €11.4m | ▲ 2.2% |
| Amounts payable within one year42/48 | €2.5m | €3.4m | €2.8m | €4.3m | €11.8m | ▲ 172% |
| Current portion of amounts payable after more than one year42 | €1.7m | €3.2m | €2.7m | €2.8m | €1.6m | ▼ 44.1% |
| Financial debts43 | - | - | - | €1.0m | €4.9m | ▲ 385% |
| Credit institutions430/8 | - | - | - | €1.0m | €4.9m | ▲ 385% |
| Trade debts44 | €539,206 | €120,802 | €97,027 | €121,624 | €117,038 | ▼ 3.8% |
| Suppliers440/4 | €539,206 | €120,802 | €97,027 | €121,624 | €117,038 | ▼ 3.8% |
| Advances received on contracts in progress46 | - | - | - | €318,635 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €177,869 | €129,964 | €85,635 | €81,056 | €61,758 | ▼ 23.8% |
| Taxes450/3 | €155,726 | €103,156 | €52,901 | €47,070 | €17,148 | ▼ 63.6% |
| Remuneration and social security454/9 | €22,143 | €26,808 | €32,735 | €33,986 | €44,610 | ▲ 31.3% |
| Other amounts payable47/48 | €80,256 | €7 | €3,107 | €1,790 | €5.2m | ▲ 291,597% |
| Accrued charges and deferred income492/3 | €31,393 | €921,539 | €281,989 | €280,051 | €288,015 | ▲ 2.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6.4m | €23.9m | €3.3m | €5.4m | €5.6m | ▲ 3.5% |
| + Depreciation and write-downs630 | €40,508 | €39,893 | €68,263 | €66,680 | €63,514 | ▼ 4.7% |
| Operating cash flow (approximation) | €6.4m | €24.0m | €3.4m | €5.5m | €5.7m | ▲ 3.4% |
| Investment in fixed assets (approximation) | - | €2.0m | -€15.6m | -€8.6m | -€13.2m | ▼ 53.1% |
| Change in cash | - | -€253,079 | €115,843 | €2.1m | -€133,367 | ▼ 106% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 336 days late
2023
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 402 days late
2022
31-12
Financial
Highest result since 2018net €23.9m ▲276%
Net result €23.9m, the highest in the series.
31-12
Financial
Liquidity times 6current ratio 7.49
Current ratio from 1.29 to 7.49.
31-12
Financial
Equity above €25mEq €28.7m ▲28.9%
5 profitable years in a row build equity to €28.7m.
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 293 days late
2021
31-12
Financial
Liquidity times 13current ratio 1.29
Current ratio from 0.10 to 1.29; short-term debt falls from €3.4m to €2.5m.
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Deinze · 1 establishment unit since 2009
Ground area
7,654 m²
Building footprint
346 m²
Volume, LiDAR
2,057 m³
Parcel 44011A1083/00M000, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
TELESCO
since 20092.176.219.942
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44011A1083/00M000 | Flanders | 7,654 m² | 1 · 346 m² | 11.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Heads the group
TELESCO
15 companies
Group, risk and exposure
Owners and holdings
11 holdings · 16 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 11
- D-Fence 2.0subsidiarySourceown accounts 2025100%
- M-Haus & GartendesignDEsubsidiarySourceown accounts 2025100%
-
100%
-
100%
-
100%
-
99.97%
-
99.93%
-
99.86%
-
92.5%
-
52%
Show 1 more holdings
-
34.1%
All subsidiaries, including indirect ones 16
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- D-Fence 2.0 100%
- M-Haus & GartendesignDE 100%
- METAFAN 100%
- NOUVEAUX ETABLISSEMENTS BOLOGNE 100%
- TUBEL 100%
- SEGAERT AFSLUITINGEN 99.97%
KOPAL 99.93%1 subsidiary
- K.Kraus Zaunsysteme GMBHDE 100%
- B.R.T. 99.86%
Lablanc 92.5%1 subsidiary
- Clotures Leblanc 100%
FENCE PARTNERS 52%4 subsidiaries
- A.E.V. AFSLUITINGEN 100%
- FencePlus 100%
- LAKKERIJ VANDERMAESEN 100%
- VAN KERCKHOVEN DRAADHANDEL 100%
According to the 2025 annual accounts of TELESCO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
6994009V3P302GVXPO35
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 2,224 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
Founded20-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0896148356
Also
9925:BE0896148356
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.