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TELETRONIKA

Active
Public limited companyfounded 199333 yrs activeZagerijstraat 28, 2900 Schoten, BelgiumKBO/BCE: BE 0449.430.791
Summary

TELETRONIKA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €143,431. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 87% of 303 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability77▼-8
Solvency97▼-3
Growth57▼-16
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 4.16 against 7.66 in 2024; short-term debt: 21.8% and cash: 39.9% of total assets), and 28% of the assets are financed with debt.
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Signals

Six 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
72%
Return on assets
7%
Age of the figures
9 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
51 d early
2024
50 d early
2023
54 d early
2022
61 d early
2021
69 d early
2020
22 d early
2019
53 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 36 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% 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. Usually files around 8 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

TELETRONIKA was incorporated on 24 February 1993.1 In 2004 the capital was increased by EUR 5 to EUR 173,530.2 The registered office was moved to Schoten in 2019.3 The board currently has 4 members; PATRICK BLOCK MANAGEMENT CONSULTING has served longest, since 2019.4 Revenue grew from EUR 1.3 million in 2020 to EUR 2 million in 2025 and headcount from 13.3 full-time equivalents in 2018 to 20.1 in 2025.5

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 28-06-2004
  3. 3Belgian State Gazette, 22-08-2019
  4. 4Belgian State Gazette, 03-01-2020
  5. 5National Bank, annual accounts 2018, 2020 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€2.0m▲ 12.2%
2024 · €1.8m
EBIT margin
9.9%▼ 5.6pp
2024 · 15.5%
Net result
€143,431▼ 37.0%
2024 · €227,643
Working capital
€1.4m▼ 50.7%
2024 · €2.8m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€1.2m▼ 4.0%€1.3m▲ 7.0%€1.8m▲ 36.3%€1.8m▲ 0.2%€2.0m▲ 12.2%
Operating result-€199,173▼ 27.2%-€103,304▲ 48.1%-€123,789▼ 19.8%€277,802€198,919▼ 28.4%
Net result€82.9mabove the sector's middle half▲ 1,019%€194,844within the sector's middle half▼ 99.8%-€16,867below the sector's middle half€227,643within the sector's middle half€143,431within the sector's middle half▼ 37.0%
EBIT margin-16.3%▼ 4.0pp-7.9%▲ 8.4pp-6.9%▲ 1.0pp15.5%▲ 22.5pp9.9%▼ 5.6pp
Equity€2.5mwithin the sector's middle half▼ 70.8%€2.7mwithin the sector's middle half▲ 7.7%€2.7mwithin the sector's middle half▼ 0.6%€2.9mwithin the sector's middle half▲ 8.4%€1.5mwithin the sector's middle half▼ 49.8%
Total assets€20.4mabove the sector's middle half▼ 2.1%€3.1mwithin the sector's middle half▼ 85.0%€3.5mwithin the sector's middle half▲ 15.0%€3.5mwithin the sector's middle half▲ 0.6%€2.0mwithin the sector's middle half▼ 42.4%
Debt€17.9m▲ 46.8%€345,639▼ 98.1%€821,267▲ 138%€613,595▼ 25.3%€570,107▼ 7.1%
Working capital€2.4mwithin the sector's middle half▼ 71.3%€2.7mwithin the sector's middle half▲ 11.2%€2.6mwithin the sector's middle half▼ 2.7%€2.8mwithin the sector's middle half▲ 9.7%€1.4mwithin the sector's middle half▼ 50.7%
Solvency12.3%below the sector's middle half▼ 29.1pp88.7%above the sector's middle half▲ 76.4pp76.6%above the sector's middle half▼ 12.1pp82.6%above the sector's middle half▲ 6.0pp72.0%above the sector's middle half▼ 10.6pp
Current ratio1.13below the sector's middle half▼ 33.978.70above the sector's middle half▲ 7.575.49above the sector's middle half▼ 3.217.66above the sector's middle half▲ 2.174.16above the sector's middle half▼ 3.50
Return on assets (ROA)406.0%above the sector's middle half▲ 370.4pp6.4%within the sector's middle half▼ 399.6pp-0.5%below the sector's middle half▼ 6.9pp6.4%within the sector's middle half▲ 6.9pp7.0%within the sector's middle half▲ 0.6pp
Staff (FTE)17.1within the sector's middle half▼ 6.0%15.2within the sector's middle half▼ 11.1%16.4within the sector's middle half▲ 7.9%23.4within the sector's middle half▲ 42.7%20.1within the sector's middle half▼ 14.1%
above within below the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€25.0m€0€25.0m€50.0m€75.0mOperating result 2021: -€199,173-€199,173Net result 2021: €82.9m€82.9mOperating result 2022: -€103,304-€103,304Net result 2022: €194,844€194,844Operating result 2023: -€123,789-€123,789Net result 2023: -€16,867-€16,867Operating result 2024: €277,802€277,802Net result 2024: €227,643€227,643Operating result 2025: €198,919€198,919Net result 2025: €143,431€143,43120212022202320242025-€200,000€0€200,000Operating result 2023: -€123,789-€124,000Net result 2023: -€16,867-€16,900Operating result 2024: €277,802€278,000Net result 2024: €227,643€228,000Operating result 2025: €198,919€199,000Net result 2025: €143,431€143,000202320242025
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets €190,149 ▼ 29.1%
Current assets €1.8m ▼ 43.5%
Equity and liabilities €2.0m
Equity €1.5m ▼ 49.8%
Debt €570,107 ▼ 7.1%
Debt's share of the balance-sheet total rises from 17.4% to 28.0%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€276,946▼
2024 · €357,906
Cash flow
€221,459▼
2024 · €307,747
Debt to equity
0.39▲
2024 · 0.21
ROE
9.8%▲
2024 · 7.8%
Interest coverage
6.83▼
2024 · 7.08
Debt ≤ 1 year
€444,120▲
2024 · €426,592
Debt > 1 year
€125,988▼
2024 · €187,003
Income taxes
€42,202▼
2024 · €93,367
Staff costs
€1.6m▼
2024 · €1.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,134 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 0.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 20,134 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 66 lines
Balance sheet Code20242025
Assets
Total assets20/58€3.5m€2.0m▼
Fixed assets21/28€268,177€190,149▼
Tangible fixed assets22/27€267,008€188,980▼
Plant, machinery and equipment23€4,232€373▼
Furniture and vehicles24€19,158€9,290▼
Leasing and similar rights25€243,618€179,318▼
Financial fixed assets28€1,169€1,169=
Other financial fixed assets284/8€1,169€1,169=
Amounts receivable and cash guarantees285/8€1,169€1,169=
Current assets29/58€3.3m€1.8m▼
Amounts receivable within one year40/41€1.8m€1.0m▼
Trade receivables40€861,766€936,399▲
Other amounts receivable41€937,146€65,687▼
Cash at bank and in hand54/58€1.4m€813,149▼
Deferred charges and accrued income490/1€19,326€30,686▲
Equity and liabilities
Total equity and liabilities10/49€3.5m€2.0m▼
Equity10/15€2.9m€1.5m▼
Contributions10/11€173,530€173,530=
Capital10€173,530€173,530=
Issued capital100€173,530€173,530=
Reserves13€43,218€43,218=
Non-distributable reserves130/1€17,500€17,500=
Legal reserve130€17,500€17,500=
Distributable reserves133€25,718€25,718=
Profit (loss) carried forward14€2.7m€1.2m▼
Amounts payable17/49€613,595€570,107▼
Amounts payable after more than one year17€187,003€125,988▼
Financial debts170/4€187,003€125,988▼
Leasing and similar obligations172€187,003€125,988▼
Amounts payable within one year42/48€426,592€444,120▲
Current portion of amounts payable after more than one year42€57,649€60,871▲
Trade debts44€93,546€174,752▲
Suppliers440/4€93,546€174,752▲
Taxes, remuneration and social security45€275,396€208,497▼
Taxes450/3€101,752€97,452▼
Remuneration and social security454/9€173,644€111,045▼
Income statement Code20242025
Operating income70/76A€2.9m€2.2m▼
Turnover70€1.8m€2.0m▲
Other operating income74€1.1m€96,303▼
Non-recurring operating income76A€49,550€53,500▲
Operating charges60/66A€2.6m€2.0m▼
Goods for resale, raw materials and consumables60€93,611€8,801▼
Purchases600/8€93,611€8,801▼
Services and other goods61€614,148€292,106▼
Remuneration, social security and pensions62€1.9m€1.6m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80,104€78,028▼
Other operating charges640/8€8,769€7,023▼
Operating profit (loss)9901€277,802€198,919▼
Financial income75/76B€93,729€28,984▼
Recurring financial income75€93,729€28,984▼
Income from current assets751€93,728€28,931▼
Other financial income752/9€1€52▲
Financial charges65/66B€50,521€42,269▼
Recurring financial charges65€50,521€42,269▼
Debt charges650€50,521€40,562▼
Other financial charges652/9-€1,708
Profit (loss) for the period before taxes9903€321,010€185,633▼
Income taxes67/77€93,367€42,202▼
Taxes670/3€93,367€42,202▼
Profit (loss) for the period9904€227,643€143,431▼
Profit (loss) for the period to be appropriated9905€227,643€143,431▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.7m€2.8m▲
Profit (loss) brought forward from the previous period14P€2.5m€2.7m▲
Profit to be distributed694/7-€1.6m
Return on contributions (dividend)694-€1.6m
Social balance
Average headcount (FTE)908723.420.1▼

The notes to these accounts (52 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€1.3m€1.3m€1.9m€2.9m€2.2m▼ 26.4%
Turnover70€1.2m€1.3m€1.8m€1.8m€2.0m▲ 12.2%
Other operating income74€32,868€37,887€42,759€1.1m€96,303▼ 91.2%
Non-recurring operating income76A€25,283-€50,450€49,550€53,500▲ 8.0%
Operating charges60/66A€1.5m€1.4m€2.0m€2.6m€2.0m▼ 26.1%
Goods for resale, raw materials and consumables60€13,259€153,195€208,094€93,611€8,801▼ 90.6%
Purchases600/8€13,259€153,195€208,094€93,611€8,801▼ 90.6%
Services and other goods61€356,314€220,631€504,050€614,148€292,106▼ 52.4%
Remuneration, social security and pensions62€978,661€972,207€1.2m€1.9m€1.6m▼ 15.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114,882€90,852€52,205€80,104€78,028▼ 2.6%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€15,000-----
Other operating charges640/8€31,151€12,183€9,441€8,769€7,023▼ 19.9%
Operating profit (loss)9901-€199,173-€103,304-€123,789€277,802€198,919▼ 28.4%
Financial income75/76B€83.7m€377,480€127,915€93,729€28,984▼ 69.1%
Recurring financial income75€927,244€377,480€127,915€93,729€28,984▼ 69.1%
Income from financial fixed assets750€418,826-----
Income from current assets751€506,370€377,415€127,915€93,728€28,931▼ 69.1%
Other financial income752/9€2,048€65-€1€52▲ 4,273%
Non-recurring financial income76B€82.7m-----
Financial charges65/66B€508,075€2,521€19,735€50,521€42,269▼ 16.3%
Recurring financial charges65€420,575€2,521€19,735€50,521€42,269▼ 16.3%
Debt charges650€420,545€2,521€18,789€50,521€40,562▼ 19.7%
Other financial charges652/9€30-€946-€1,708-
Non-recurring financial charges66B€87,500-----
Profit (loss) for the period before taxes9903€83.0m€271,656-€15,609€321,010€185,633▼ 42.2%
Income taxes67/77€74,341€76,812€1,258€93,367€42,202▼ 54.8%
Taxes670/3€74,341€77,013€4,564€93,367€42,202▼ 54.8%
Tax adjustments and reversals of tax provisions77-€201€3,306---
Profit (loss) for the period9904€82.9m€194,844-€16,867€227,643€143,431▼ 37.0%
Profit (loss) for the period to be appropriated9905€82.9m€194,844-€16,867€227,643€143,431▼ 37.0%
Line20212022202320242025Change
Assets
Total assets20/58€20.4m€3.1m€3.5m€3.5m€2.0m▼ 42.4%
Fixed assets21/28€123,650€49,891€348,281€268,177€190,149▼ 29.1%
Tangible fixed assets22/27€122,731€48,723€347,112€267,008€188,980▼ 29.2%
Plant, machinery and equipment23€52,239€28,903€10,267€4,232€373▼ 91.2%
Furniture and vehicles24€70,492€19,820€28,928€19,158€9,290▼ 51.5%
Leasing and similar rights25--€307,918€243,618€179,318▼ 26.4%
Financial fixed assets28€919€1,169€1,169€1,169€1,169=
Other financial fixed assets284/8€919€1,169€1,169€1,169€1,169=
Amounts receivable and cash guarantees285/8€919€1,169€1,169€1,169€1,169=
Current assets29/58€20.3m€3.0m€3.2m€3.3m€1.8m▼ 43.5%
Amounts receivable within one year40/41€20.2m€2.9m€2.8m€1.8m€1.0m▼ 44.3%
Trade receivables40€75,094€70,384€193,302€861,766€936,399▲ 8.7%
Other amounts receivable41€20.1m€2.8m€2.6m€937,146€65,687▼ 93.0%
Cash at bank and in hand54/58€63,529€104,337€374,740€1.4m€813,149▼ 43.9%
Deferred charges and accrued income490/1€44,952€20,103€31,581€19,326€30,686▲ 58.8%
Equity and liabilities
Total equity and liabilities10/49€20.4m€3.1m€3.5m€3.5m€2.0m▼ 42.4%
Equity10/15€2.5m€2.7m€2.7m€2.9m€1.5m▼ 49.8%
Contributions10/11€173,530€173,530€173,530€173,530€173,530=
Capital10€173,530€173,530€173,530€173,530€173,530=
Issued capital100€173,530€173,530€173,530€173,530€173,530=
Reserves13€43,218€43,218€43,218€43,218€43,218=
Non-distributable reserves130/1€17,500€17,500€17,500€17,500€17,500=
Legal reserve130€17,500€17,500€17,500€17,500€17,500=
Distributable reserves133€25,718€25,718€25,718€25,718€25,718=
Profit (loss) carried forward14€2.3m€2.5m€2.5m€2.7m€1.2m▼ 53.8%
Amounts payable17/49€17.9m€345,639€821,267€613,595€570,107▼ 7.1%
Amounts payable after more than one year17--€244,653€187,003€125,988▼ 32.6%
Financial debts170/4--€244,653€187,003€125,988▼ 32.6%
Leasing and similar obligations172--€244,653€187,003€125,988▼ 32.6%
Amounts payable within one year42/48€17.9m€345,639€576,614€426,592€444,120▲ 4.1%
Current portion of amounts payable after more than one year42--€54,492€57,649€60,871▲ 5.6%
Trade debts44€85,298€208,055€341,259€93,546€174,752▲ 86.8%
Suppliers440/4€85,298€208,055€341,259€93,546€174,752▲ 86.8%
Taxes, remuneration and social security45€135,151€137,585€177,318€275,396€208,497▼ 24.3%
Taxes450/3€26,346€15,146€8,366€101,752€97,452▼ 4.2%
Remuneration and social security454/9€108,805€122,438€168,953€173,644€111,045▼ 36.1%
Other amounts payable47/48€17.7m-€3,544---
Line20212022202320242025Change
Profit (loss) for the period9904€82.9m€194,844-€16,867€227,643€143,431▼ 37.0%
+ Depreciation and write-downs630€114,882€90,852€52,205€80,104€78,028▼ 2.6%
Operating cash flow (approximation)€83.0m€285,695€35,338€307,747€221,459▼ 28.0%
Investment in fixed assets (approximation)--€17,093-€350,594€0€0-
Change in cash-€40,808€270,403€1.1m-€636,562▼ 159%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
13-03
State Gazette act Reappointments: MACS NV, PLAN F BV and pbMAC BV
Permanent representatives: Bavo De Cock, Gert de Win and Patrick Block · Appointment: Deloitte bedrijfsrevisoren BV (statutory auditor) · Power of attorney14 facts ▸
  • Board meeting, 12/01/2026
  • Power of attorney, Sophie Decroix (head of hr)
  • Power of attorney, Pieter Aerts (head of finance)
  • General meeting, 12/05/2025
  • Director reappointment, MACS NV (director)
  • Permanent representative, Bavo De Cock
  • Director reappointment, PLAN F BV (director)
  • Permanent representative, Gert de Win
  • Director reappointment, pbMAC BV (director)
  • Permanent representative, Patrick Block
  • Mandate compensation, MACS NV
  • Mandate compensation, PLAN F BV
  • +2 further facts in this act
2025
13-10
State Gazette act Permanent representatives: Hilde Boschmans, Bart Van Rompaey and 4 others
Power of attorney18 facts ▸
  • Board meeting, 26/08/2025
  • Power of attorney, Sophie Decroix (hr director)
  • Power of attorney, An Huybreghts (legal manager)
  • Power of attorney, Managing Partners BV (head of people & organisation)
  • Permanent representative, Hilde Boschmans
  • Power of attorney, Tom Van der Aa (head of digitalisation)
  • Power of attorney, Mensana BV (ict director)
  • Permanent representative, Bart Van Rompaey
  • Power of attorney, Pieter Aerts (finance director)
  • Power of attorney, Annelies De Boeck (finance manager)
  • Power of attorney, Connectimus BV (head of sales & marketing)
  • Permanent representative, Stijn Baert
  • +6 further facts in this act
11-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
05-03
State Gazette act Permanent representatives: Christopher Kyndt and Bart Van Rompaey
Power of attorney6 facts ▸
  • Board meeting, 20/01/2025
  • Power of attorney, C&C BV
  • Permanent representative, Christopher Kyndt
  • Board meeting, 17/02/2025
  • Power of attorney, Mensana BV
  • Permanent representative, Bart Van Rompaey
2024
31-12
Financial Back to profitnet €227,643
Net result €227,643 after one loss-making year.
29-10
State Gazette act Permanent representatives: Hilde Boschmans, Kim Loffens and 2 others
Power of attorney · Mandate term17 facts ▸
  • Board meeting, 26/09/2024
  • Power of attorney, Tom Van der Aa
  • Power of attorney, Managing Partners BV
  • Permanent representative, Hilde Boschmans
  • Power of attorney, Sofie Decroix
  • Power of attorney, Pieter Aerts
  • Power of attorney, An Huybreghts
  • Power of attorney, Peter Colman
  • Power of attorney, Factory One BV
  • Permanent representative, Kim Loffens
  • Power of attorney, MDJD
  • Permanent representative, Michel Dehandschutter
  • +5 further facts in this act
07-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
05-04
State Gazette act Statutes amendment
Capital3 facts ▸
  • General meeting, 28 maart 2024
  • Statutes amendment
  • Capital, €173.530
2023
31-12
Financial Weakest financial yearnet -€16,867
Net result drops to -€16,867, the lowest in the series; recovery starts the following year.
31-05
NBB filing Annual accounts filed
fiscal year 2022 · full schema
08-05
State Gazette act Appointment: Deloitte bedrijfsrevisoren CVBA (statutory auditor)
Power of attorney4 facts ▸
  • Board meeting, 30/03/2023
  • Power of attorney, Bart Faber
  • General meeting, 09/05/2022
  • Auditor appointment, Deloitte bedrijfsrevisoren CVBA (statutory auditor)
Show earlier events
23-01
State Gazette act Resignations & appointments
Power of attorney · Mandate term3 facts ▸
  • Board meeting, 21/12/2022
  • Power of attorney, Pieter Aerts
  • Mandate term, tot 31 augustus 2024
2022
31-12
Financial Liquidity times 8current ratio 8.70
Current ratio from 1.13 to 8.70; short-term debt falls from €17.9m to €345,639.
22-09
State Gazette act Permanent representatives: Fabio De Clercq and Luc Van Coppenolle
Accounting effect · Mandate duration4 facts ▸
  • Permanent representative, Fabio De Clercq
  • Permanent representative, Luc Van Coppenolle
  • Accounting effect, 01/01/2022
  • Mandate duration, 31/12/2022
23-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
07-02
State Gazette act Permanent representative: Hilde Boschmans
Power of attorney · Mandate term10 facts ▸
  • Board meeting, 12/01/2022
  • Power of attorney, Peter Colman
  • Power of attorney, Sophie Decroix
  • Power of attorney, An Huybreghts
  • Power of attorney, Managing Partners BV
  • Permanent representative, Hilde Boschmans
  • Power of attorney, Tom Van der Aa
  • Power of attorney, Russel Crye
  • Power of attorney, Hilde Boschmans
  • Mandate term, vanaf onmiddellijke ingang tot 31 augustus 2024
2021
31-12
Financial Highest result since 2018net €82.9m ▲1,019%
Net result €82.9m, the highest in the series.
01-09
State Gazette act Resignation: Circet Benelux NV (director)
Appointment: Managing Administration & Consultancy Services NV (director) · Permanent representative: Bavo De Cock7 facts ▸
  • General meeting, 05/08/2021
  • Board meeting, 05/08/2021
  • Director resignation, Circet Benelux NV (director)
  • Director appointment, Managing Administration & Consultancy Services NV (director)
  • Permanent representative, Bavo De Cock
  • Permanent representative, Bavo De Cock
  • Director appointment, Managing Administration & Consultancy Services NV (managing director)
09-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Liquidity times 12current ratio 35.10
Current ratio from 2.83 to 35.10; short-term debt falls from €441,550 to €244,144.
31-12
Financial Equity above €5mEq €8.6m ▲603%
3 profitable years in a row build equity to €8.6m.
22-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 53 days late
25-02
State Gazette act Appointment: Deloitte bedrijfsrevisoren CVBA (statutory auditor)
2 facts ▸
  • General meeting, 03/12/2019
  • Auditor appointment, Deloitte bedrijfsrevisoren CVBA
10-01
State Gazette act Miscellaneous
Power of attorney3 facts ▸
  • General meeting, 19/12/2019
  • Power of attorney, Jones Day
  • Power of attorney, LAURIUS CVBA
03-01
State Gazette act Resignations: THE SERVICE FACTORY BVBA, ELBA INTERNATIONAL NV and MANAGING ADMINISTRATION & CONSULTANCY SERVICES NV
Appointments: ELBA INTERNATIONAL NV, PLAN F BVBA and PATRICK BLOCK MANAGEMENT CONSULTING BVBA · Permanent representatives: Daniel Van Hove, MANAGE IT BVBA and 4 others · Power of attorney20 facts ▸
  • General meeting, 19/12/2019
  • Director resignation, THE SERVICE FACTORY BVBA (director)
  • Director resignation, ELBA INTERNATIONAL NV (director)
  • Director resignation, MANAGING ADMINISTRATION & CONSULTANCY SERVICES NV (director)
  • Director appointment, ELBA INTERNATIONAL NV (director)
  • Director appointment, PLAN F BVBA (director)
  • Director appointment, PATRICK BLOCK MANAGEMENT CONSULTING BVBA (director)
  • Permanent representative, Daniel Van Hove
  • Permanent representative, MANAGE IT BVBA
  • Permanent representative, Robert Decant
  • Permanent representative, Bavo De Cock
  • Permanent representative, Bavo De Cock
  • +8 further facts in this act
2019
11-09
State Gazette act Permanent representatives: Gert De Win, Hilde Boschmans and Bavo De Cock
Power of attorney9 facts ▸
  • Power of attorney, Plan F
  • Permanent representative, Gert De Win
  • Power of attorney, Peter Colman
  • Power of attorney, Plan F
  • Power of attorney, MANAGING PARTNERS
  • Permanent representative, Hilde Boschmans
  • Power of attorney, Managing Administration & Consultancy Services BVBA
  • Permanent representative, Bavo De Cock
  • Power of attorney, Peter Colman
22-08
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 09/07/2019
  • Registered-office move, Zagerijstraat 28, 2900 Schoten
21-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
14-02
State Gazette act Resignations: De Bakker Franciscus (director) and De Bakker Cornelis (director)
Appointments: ELBA International NV, MACS NV and The Service Factory BVBA · Permanent representatives: Robert Decant, Bavo De Cock and Daniel Van Hove · Mandate compensation22 facts ▸
  • General meeting, 31/01/2019
  • Board meeting, 31/01/2019
  • Director resignation, De Bakker Franciscus (director)
  • Director resignation, De Bakker Cornelis (director)
  • Director appointment, ELBA International NV (director)
  • Director appointment, MACS NV (director)
  • Director appointment, The Service Factory BVBA (director)
  • Permanent representative, Robert Decant
  • Permanent representative, Bavo De Cock
  • Permanent representative, Daniel Van Hove
  • Mandate compensation, ELBA International NV
  • Mandate compensation, MACS NV
  • +10 further facts in this act
2018
24-10
State Gazette act Reappointments: DE BAKKER Franciscus A. (managing director) and DE BAKKER Cornelis A. (managing director)
5 facts ▸
  • General meeting, 14/05/2018
  • Director reappointment, DE BAKKER Franciscus A. (managing director)
  • Director reappointment, DE BAKKER Cornelis A. (managing director)
  • Director reappointment, DE BAKKER Franciscus A. (director)
  • Director reappointment, DE BAKKER Cornelis A. (director)
12-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
14-02
State Gazette act Appointment: COLMAN Peter (algemeen directeur)
4 facts ▸
  • Board meeting, 31/01/2018
  • General meeting, 31/01/2018
  • Director appointment, COLMAN Peter (algemeen directeur)
  • Director appointment, COLMAN Peter (dagselijks bestuurder)
2017
30-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2014
04-09
State Gazette act Reappointments: De Bakker Franciscus A. (managing director) and De Bakker Cornelis A. (managing director)
3 facts ▸
  • General meeting, 08/05/2012
  • Director reappointment, De Bakker Franciscus A. (managing director)
  • Director reappointment, De Bakker Cornelis A. (managing director)
2010
17-03
State Gazette act Reappointments: De Bakker Franciscus A. (managing director) and De Bakker Cornelis A. (managing director)
3 facts ▸
  • General meeting, 08/05/2006
  • Director reappointment, De Bakker Franciscus A. (managing director)
  • Director reappointment, De Bakker Cornelis A. (managing director)
2004
28-06
State Gazette act Capital & shares · Statutes amendment
Capital increase · Capital4 facts ▸
  • General meeting, 04/06/2004
  • Capital increase, €4,53
  • Capital, €173.530
  • Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
21 of 21 acts read

Directors · office · real estate

Directors
5 directors, 1 in day-to-day management, no change since 2021

Board 5

PATRICK BLOCK MANAGEMENT CONSULTING
Director · since 19-12-2019 · Private limited company · perm. rep.: Patrick Block
Current
PLAN F
Director · since 19-12-2019 · Private limited company · perm. rep.: Gert De Win
Current
MANAGING ADMINISTRATION & CONSULTANCY SERVICES NV
Director · since 05-08-2021 · Legal entity · perm. rep.: Bavo De Cock
Current
managing Administration & Consultancy Services
Director · Public limited company · perm. rep.: Bavo De Cock
Current
pbMAC BV
Director · Legal entity · from a recent act
Current
6 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
COLMAN Peter
Dagselijks bestuurder · since 01-02-2018
Not recently confirmed
De Bakker Cornelis A. Bakker
Director · since 14-05-2018
Not recently confirmed
De Bakker Franciscus A.
Director · since 14-05-2018
Not recently confirmed
ELBA International NV
Director · since 31-01-2019 · Legal entity · perm. rep.: Robert Decant
Not recently confirmed
MACS NV
Director · since 31-01-2019 · Legal entity · perm. rep.: Bavo De Cock
Not recently confirmed
Circet Benelux
Director · since 19-12-2019 · Public limited company · perm. rep.: Bavo De Cock
Not recently confirmed

Day-to-day management 1

MANAGING ADMINISTRATION & CONSULTANCY SERVICES NV
Managing director · since 05-08-2021 · Legal entity · perm. rep.: Bavo De Cock
Current
5 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
De Bakker Cornelis A. Bakker
Managing director · since 08-05-2006
Not recently confirmed
De Bakker Franciscus A.
Managing director · since 08-05-2006
Not recently confirmed
ELBA International NV
Managing director · since 31-01-2019 · Legal entity · perm. rep.: Robert Decant
Not recently confirmed
Circet Benelux
Managing director · since 19-12-2019 · Public limited company · perm. rep.: Bavo De Cock
Not recently confirmed
COLMAN Peter
Algemeen directeur · since 31-01-2018
Not recently confirmed

Permanent representatives 3

Gert De Win
Permanent representative · since 19-12-2019 · for PLAN F
Current
Patrick Block
Permanent representative · since 19-12-2019 · for PATRICK BLOCK MANAGEMENT CONSULTING
Current
Bavo De Cock
Permanent representative · since 05-08-2021 · for MANAGING ADMINISTRATION & CONSULTANCY SERVICES NV
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Robert Decant
Permanent representative · since 31-01-2019 · for ELBA International NV
Not recently confirmed

Statutory auditor 1

DELOITTE Bedrijfsrevisoren BV
Statutory auditor · since 25-02-2020
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Schoten · 2 establishment units since 1993
seat establishment All 2 establishment units on the map
Ground area
7,407 m²
Building footprint
2,822 m²
Volume, LiDAR
17,728 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
2 establishment units
Circet Belgium
Zagerijstraat 28, 2900 SchotenNACE 1120002
since 19932.061.136.865
Circet Belgium
Excelsiorlaan 35, 1930 ZaventemMining support service activities
since 20252.368.059.317
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23094D0046/00F000 Flanders 3,743 m² 1 · 1,165 m² 9.4 m · 2 fl.
11040A0001/00H108 Flanders 3,664 m² 1 · 1,657 m² 9.8 m · 2 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.

Mandate history

16 people since 2006, 12 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
MANAGING ADMINISTRATION & CONSULTANCY SERVICES NV
  • Director, until 19-12-2019
  • Director, from 05-08-2021 to date
  • Managing director, from 05-08-2021 to date
PATRICK BLOCK MANAGEMENT CONSULTING
  • Director, from 19-12-2019 to date
PLAN F
  • Director, from 19-12-2019 to date
managing Administration & Consultancy Services
  • Director, already before 13-03-2026 to date
pbMAC BVfrom an act
  • Director, already before 13-03-2026 to date
DELOITTE Bedrijfsrevisoren BV
  • Statutory auditor, from 25-02-2020 to date
De Bakker Cornelis A. Bakker
  • Managing director, already before 08-05-2006 not ended, last confirmed 24-10-2018
  • Director, already before 14-05-2018 not ended, last confirmed 24-10-2018
De Bakker Franciscus A.
  • Managing director, already before 08-05-2006 not ended, last confirmed 24-10-2018
  • Director, already before 14-05-2018 not ended, last confirmed 24-10-2018
COLMAN Peter
  • Algemeen directeur, from 31-01-2018 not ended, last confirmed 14-02-2018
  • Dagselijks bestuurder, from 01-02-2018 not ended, last confirmed 14-02-2018
ELBA International NV
  • Director, from 31-01-2019 not ended, last confirmed 14-02-2019
  • Managing director, from 31-01-2019 not ended, last confirmed 14-02-2019
MACS NV
  • Director, from 31-01-2019 not ended, last confirmed 14-02-2019
Circet Benelux
  • Director, already before 19-12-2019 not ended, last confirmed 03-01-2020
  • Managing director, already before 19-12-2019 not ended, last confirmed 03-01-2020
Circet Benelux NV
  • Director, until 01-09-2021
THE SERVICE FACTORY BVBA
  • Director, from 31-01-2019 to 19-12-2019
De Bakker Cornelis
  • Director, until 31-01-2019
  • Managing director, until 31-01-2019
De Bakker Franciscus
  • Director, until 31-01-2019
  • Managing director, until 31-01-2019
See the board, name and seat on a given date →

Articles of association

Purpose
Het stellen van in het algemeen alle handels-, industriële-, financiële-, roerende- en onroerende verrichtingen, zowel voor eigen rekening of voor rekening van derden, alsook de…
Full purpose

Het stellen van in het algemeen alle handels-, industriële-, financiële-, roerende- en onroerende verrichtingen, zowel voor eigen rekening of voor rekening van derden, alsook de agentuur, bemiddeling en commissiehandel in verband met: Bijzondere grondwerken ... Algemene aannemingen van grondwerken ... Graafwerken ... Wegenwerken en bouw van niet-metalen kunstwerken ... Leggen van kabels en diverse leidingen ... Elektronische installaties ... Speciale installaties ... De aankoop, samenstelling, ontwikkeling, verkoop, aanleg en onderhoud van grondwerken en beheer ten behoeve van telecommunicatiesystemen ... Onderneming in algemene aanneming van telecommunicatie-uitrustingen ... Onderneming in het aanleggen, wijzigen en herstellen van installaties van telefonie en signalisatie ... Onderneming voor het beheer van beleggingen en vermogens ... Onderneming voor borgstelling en waarborg ... Onderneming in onroerende goederen ... Het waarnemen van bestuursfuncties of de functie van vereffenaar in andere vennootschappen.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Circet EuropeFR 100%
  2. Circet Benelux 100%
  3. TELETRONIKA

Highest known parent: Circet Europe (France). The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of TELETRONIKA 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

3 connected companies
Depth
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
CIRCET BELGIUM
Shared corporate director
→
Circet Infratechniek
Shared corporate director
→
Circet Projects
Shared corporate director
→

Capital and shareholders

Capital over the years
  1. 05-04-2024 Capital stated in the act · 173,530 EUR · 1,400 shares
  2. 28-06-2004 Capital increase of 4.53 EUR · to 173,530 EUR · from reserves

Public money · subsidies and aid

Flemish government

2023 · 1 entry · 2,301 EUR awarded · 2,301 EUR paid
Year Entries awardedpaid
2023 1 2,301 EUR2,301 EUR
Schemes
1 entry · 2,301 EUR · 2,301 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Recognised contractor

8 categories
TELETRONIKA NV22091
category C, class 1 · category C1, class 1 · category C2, class 1 · category C6, class 5 · category C7, class 3 · category G, class 1 · category S, class 5 · category S1, class 1
decision 30-09-2025

Similar companies · same sector, comparable size

Of 2,325 companies in sector 42110 we hold annual accounts for 1,096. 601 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded24-02-1993
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
42220Construction of utility projects for electricity and telecommunications
E-invoicing
Reachable via Peppol
Peppol ID 0208:0449430791
Also 9925:BE0449430791

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.