TELESCOPE
ActiveSummary
TELESCOPE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €972,370 and a net result of €280,228. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 56% of 94 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability92▲+17
Solvency88▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.06 in 2025; short-term debt: 19.2% and cash: 22.8% of total assets), and 36.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
63.3%
Return on assets
18.3%
Age of the figures
3 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 11-09-2026, 142 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
142 d early
2025
8 d early
2024
11 d early
2023
6 d early
2022
27 d late
2021
5 d early
2020
17 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 23 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-06-2027 close31-01-2028 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€972,370▲ 7.9%
2025 · €901,156
Total assets
€1.5m▼ 0.3%
2025 · €1.5m
Net result
€280,228▲ 252%
2025 · €79,721
Working capital
€85,813▲ 343%
2025 · €19,359
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
Line20222023202420252026
Operating result€85,868▼ 41.1%€93,405▲ 8.8%€164,342▲ 75.9%€130,118▼ 20.8%€190,040▲ 46.1%
Net result€58,475▼ 43.0%€65,237▲ 11.6%€119,986▲ 83.9%€79,721▼ 33.6%€280,228▲ 252%
Equity€853,120▲ 7.4%€884,071▲ 3.6%€1.0m▲ 13.6%€901,156▼ 10.2%€972,370▲ 7.9%
Total assets€1.6m▲ 49.6%€1.4m▼ 12.7%€1.4m▲ 1.3%€1.5m▲ 10.4%€1.5m▼ 0.3%
Debt€650,517▲ 260%€493,662▼ 24.1%€391,095▼ 20.8%€639,099▲ 63.4%€562,787▼ 11.9%
Working capital-€149,608€74,912€214,828▲ 187%€19,359▼ 91.0%€85,813▲ 343%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 46% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.2m ▼ 2.1%
Current assets
€381,192 ▲ 5.3%
Equity and liabilities €1.5m
Equity
€972,370 ▲ 7.9%
Debt
€562,787 ▼ 11.9%
Debt's share of the balance-sheet total falls from 41.5% to 36.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€214,462▲
2025 · €148,085
Cash flow
€304,650▲
2025 · €97,688
Current ratio
1.29▲
2025 · 1.06
Debt to equity
0.58▼
2025 · 0.71
ROE
28.8%▲
2025 · 8.8%
ROA
18.3%▲
2025 · 5.2%
Interest coverage
20.39▲
2025 · 14.28
Debt ≤ 1 year
€295,379▼
2025 · €342,511
Debt > 1 year
€261,537▼
2025 · €290,258
Income taxes
€76,221▲
2025 · €42,565
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
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 20,082 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €61,968 | €66,406 | €22,473 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,935 | €55,064 | €55,247 | €17,967 | €24,422 | ▲ 35.9% |
| Other operating charges640/8 | €4,877 | €7,798 | €2,662 | €14,155 | €440 | ▼ 96.9% |
| Non-recurring operating charges66A | - | €156 | - | - | - | - |
| Gross operating margin9900 | €199,647 | €222,829 | €244,724 | €162,240 | €214,901 | ▲ 32.5% |
| Operating profit (loss)9901 | €85,868 | €93,405 | €164,342 | €130,118 | €190,040 | ▲ 46.1% |
| Financial income75/76B | €18 | €15 | €9,025 | €2,538 | €176,930 | ▲ 6,871% |
| Recurring financial income75 | €18 | €15 | €9,025 | €2,538 | €176,930 | ▲ 6,871% |
| Financial charges65/66B | €5,457 | €7,199 | €6,453 | €10,370 | €10,520 | ▲ 1.4% |
| Recurring financial charges65 | €5,457 | €7,199 | €6,453 | €10,370 | €10,520 | ▲ 1.4% |
| Profit (loss) for the period before taxes9903 | €80,428 | €86,221 | €166,914 | €122,286 | €356,449 | ▲ 191% |
| Transfer from deferred taxes780 | €5,554 | €74,035 | - | - | - | - |
| Income taxes67/77 | €27,508 | €95,019 | €46,928 | €42,565 | €76,221 | ▲ 79.1% |
| Profit (loss) for the period9904 | €58,475 | €65,237 | €119,986 | €79,721 | €280,228 | ▲ 252% |
| Transfer from tax-exempt reserves789 | €10,787 | €143,778 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €69,261 | €209,015 | €119,986 | €79,721 | €280,228 | ▲ 252% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.4m | €1.4m | €1.5m | €1.5m | ▼ 0.3% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €1.5m | €1.2m | €1.1m | €1.2m | €1.2m | ▼ 2.1% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.4m | €1.0m | €996,101 | €522,962 | €498,540 | ▼ 4.7% |
| Land and buildings22 | €1.3m | €1.0m | €989,678 | €519,604 | €496,279 | ▼ 4.5% |
| Furniture and vehicles24 | €34,469 | €20,482 | €6,423 | €3,358 | €2,261 | ▼ 32.7% |
| Financial fixed assets28 | €84,440 | €114,440 | €114,440 | €655,424 | €655,424 | = |
| Current assets29/58 | €126,433 | €216,581 | €284,610 | €361,869 | €381,192 | ▲ 5.3% |
| Amounts receivable within one year40/41 | €13,072 | €3,856 | €54,902 | €20,481 | €9,276 | ▼ 54.7% |
| Trade receivables40 | €12,466 | €3,856 | €54,902 | €20,481 | €9,276 | ▼ 54.7% |
| Other amounts receivable41 | €606 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €111,502 | €212,037 | €229,018 | €318,284 | €349,439 | ▲ 9.8% |
| Deferred charges and accrued income490/1 | €1,859 | €688 | €691 | €23,104 | €22,478 | ▼ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.4m | €1.4m | €1.5m | €1.5m | ▼ 0.3% |
| Equity10/15 | €853,120 | €884,071 | €1.0m | €901,156 | €972,370 | ▲ 7.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €332,440 | €397,677 | €517,662 | €414,762 | €485,976 | ▲ 17.2% |
| Non-distributable reserves130/1 | €339 | €339 | €339 | - | - | - |
| Reserves not available under the articles1311 | €339 | €339 | €339 | - | - | - |
| Tax-exempt reserves132 | €143,778 | - | - | - | - | - |
| Distributable reserves133 | €188,323 | €397,337 | €517,323 | €414,762 | €485,976 | ▲ 17.2% |
| Profit (loss) carried forward14 | €502,080 | €467,794 | €467,794 | €467,794 | €467,794 | = |
| Provisions and deferred taxes16 | €74,035 | - | - | - | - | - |
| Deferred taxes168 | €74,035 | - | - | - | - | - |
| Amounts payable17/49 | €650,517 | €493,662 | €391,095 | €639,099 | €562,787 | ▼ 11.9% |
| Amounts payable after more than one year17 | €373,720 | €346,342 | €318,524 | €290,258 | €261,537 | ▼ 9.9% |
| Financial debts170/4 | €373,720 | €346,342 | €318,524 | €290,258 | €261,537 | ▼ 9.9% |
| Amounts payable within one year42/48 | €276,041 | €141,669 | €69,782 | €342,511 | €295,379 | ▼ 13.8% |
| Current portion of amounts payable after more than one year42 | €28,398 | €28,852 | €29,313 | €29,781 | €30,257 | ▲ 1.6% |
| Trade debts44 | €10,844 | €6,591 | €11,877 | €3,973 | €2,982 | ▼ 24.9% |
| Suppliers440/4 | €10,844 | €6,591 | €11,877 | €3,973 | €2,982 | ▼ 24.9% |
| Taxes, remuneration and social security45 | €26,139 | €68,612 | €25,245 | €22,752 | €49,753 | ▲ 119% |
| Taxes450/3 | €23,881 | €66,006 | €25,245 | €22,752 | €49,753 | ▲ 119% |
| Remuneration and social security454/9 | €2,258 | €2,606 | - | - | - | - |
| Other amounts payable47/48 | €210,659 | €37,614 | €3,348 | €286,005 | €212,387 | ▼ 25.7% |
| Accrued charges and deferred income492/3 | €756 | €5,651 | €2,789 | €6,331 | €5,871 | ▼ 7.3% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,475 | €65,237 | €119,986 | €79,721 | €280,228 | ▲ 252% |
| + Depreciation and write-downs630 | €46,935 | €55,064 | €55,247 | €17,967 | €24,422 | ▲ 35.9% |
| Operating cash flow (approximation) | €105,410 | €120,301 | €175,233 | €97,688 | €304,650 | ▲ 212% |
| Investment in fixed assets (approximation) | - | €235,023 | -€4,636 | -€85,812 | €0 | ▲ 100% |
| Change in cash | - | €100,535 | €16,981 | €89,267 | €31,155 | ▼ 65.1% |
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 2027, expected by
2026
11-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
30-06
Financial
Highest result since 2019net €280,228 ▲252%
Operating result €190,040, net result €280,228, both a record.
23-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity triplescurrent ratio 4.08
Current ratio from 1.53 to 4.08; short-term debt falls from €141,669 to €69,782.
30-06
Financial
Equity above €1mEq €1.0m ▲13.6%
6 profitable years in a row build equity to €1.0m.
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity triplescurrent ratio 1.53
Current ratio from 0.46 to 1.53; short-term debt falls from €276,041 to €141,669.
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
30-06
Financial
Weakest financial yearnet €58,475 ▼43%
Net result drops to €58,475, the lowest in the series; recovery starts the following year.
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
22-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Liège · 1 establishment unit since 1993
Ground area
452 m²
Building footprint
275 m²
Volume, LiDAR
3,822 m³
2 parcels, Wallonia · tallest building 24.0 m, ±7 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Avenue de l'Observatoire 128, 4000 Liège
since 19932.064.251.654
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62804C0445/00K000 | Wallonia | 298 m² | 1 · 172 m² | 16.9 m · 3 fl. |
| 62803A1284/00H000 | Wallonia | 154 m² | 1 · 102 m² | 24.0 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 30-06-2024 list no shareholders, and no other source names one.
Holdings 2
-
41%
-
31.28%
According to the annual accounts to 30-06-2024 of TELESCOPE 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.
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Of 9,864 companies in sector 73110 we hold annual accounts for 3,752. 1,595 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
Founded12-08-1993
Fiscal year end30-06
Activities, NACEBEL 2025
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451226776
Also
9925:BE0451226776
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.