TELFIN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €728.20M and a net result of €59.50M. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 57% of 2776 sector peers (fiscal year 2024). The company has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-05-2025, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
77 d early
2023
48 d early
2022
68 d early
2021
68 d early
2020
18 d early
2019
4 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Equity
€728.20M▼ 28.1%
2023 · €1.01B
2018: €244.00M
2019: €663.91M
2020: €910.15M
2021: €932.69M
2022: €960.85M
2023: €1.01B
2018 → 2024
Net result
€59.50M▲ 15.2%
2023 · €51.67M
2018: €3.20M
2019: €14.91M
2020: €21.24M
2021: €22.53M
2022: €28.16M
2023: €51.67M
2018 → 2024
Total assets
€1.11B▲ 8.4%
2023 · €1.03B
2018: €244.79M
2019: €667.09M
2020: €923.12M
2021: €949.40M
2022: €966.30M
2023: €1.03B
2018 → 2024
Solvency
65.4%▼ 33.1pp
2023 · 98.5%
2018: 99.7%
2019: 99.5%
2020: 98.6%
2021: 98.2%
2022: 99.4%
2023: 98.5%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€910.15M-€932.69M▲ 2.5%€960.85M▲ 3.0%€1.01B▲ 5.4%€728.20M▼ 28.1%
Operating result€-103k-€-94k▲ 8.6%€-706k▼ 652%€-379k▲ 46.3%€-515k▼ 35.9%
Net result€21.24M-€22.53M▲ 6.1%€28.16M▲ 25.0%€51.67M▲ 83.5%€59.50M▲ 15.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €515k in 2024 against €379k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.11B
Fixed assets
€404.22M▼ 52.9%
Current assets
€709.67M▲ 318%
Equity and liabilities €1.11B
Equity
€728.20M▼ 28.1%
Debt
€385.69M▲ 2,408%
The debt ratio rises from 1.5% to 34.6%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
65.4%▼
2023 · 98.5%
ROE
8.2%▲
2023 · 5.1%
ROA
5.3%▲
2023 · 5.0%
Debt
€385.69M▲
2023 · €15.38M
Debt ≤ 1 year
€382.53M▲
2023 · €11.09M
Income taxes
€19.97M▼
2023 · €20.27M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.03B€1.11B▲
Fixed assets21/28€858.05M€404.22M▼
Tangible fixed assets22/27€49k€49k=
Other tangible fixed assets26€49k€49k=
Financial fixed assets28€858.00M€404.17M▼
Affiliated companies280/1€856.47M€402.63M▼
Participating interests280€3.70M€3.70M=
Amounts receivable281€852.77M€398.93M▼
Companies linked by participating interests282/3€1.14M€1.14M=
Participating interests282€1.14M€1.14M=
Other financial fixed assets284/8€392k€392k=
Shares284€392k€392k=
Current assets29/58€169.84M€709.67M▲
Amounts receivable within one year40/41€152.57M€700.62M▲
Other amounts receivable41€152.57M€700.62M▲
Cash at bank and in hand54/58€1.17M€602k▼
Deferred charges and accrued income490/1€16.10M€8.45M▼
Equity and liabilities
Total equity and liabilities10/49€1.03B€1.11B▲
Equity10/15€1.01B€728.20M▼
Contributions10/11€705.95M€705.95M=
Capital10€425.95M€425.95M=
Issued capital100€425.95M€425.95M=
Outside capital11€280.00M€280.00M=
Share premium1100/10€280.00M€280.00M=
Reserves13€19.27M€22.24M▲
Non-distributable reserves130/1€14.42M€17.40M▲
Legal reserve130€14.42M€17.40M▲
Tax-exempt reserves132€4.85M€2.00M▼
Distributable reserves133-€2.85M
Profit (loss) carried forward14€287.29M€0▼
Amounts payable17/49€15.38M€385.69M▲
Amounts payable within one year42/48€11.09M€382.53M▲
Trade debts44€935k€563k▼
Suppliers440/4€935k€563k▼
Taxes, remuneration and social security45€9.23M€9.25M▲
Taxes450/3€9.23M€9.25M▲
Other amounts payable47/48€932k€372.71M▲
Accrued charges and deferred income492/3€4.28M€3.17M▼
Income statement
Code20232024
Operating income70/76A€3k€0▼
Other operating income74€3k€0▼
Operating charges60/66A€382k€515k▲
Services and other goods61€381k€509k▲
Other operating charges640/8€1k€5k▲
Operating profit (loss)9901€-379k€-515k▼
Financial income75/76B€96.21M€102.27M▲
Recurring financial income75€96.21M€102.27M▲
Income from financial fixed assets750€93.43M€99.83M▲
Income from current assets751€1.38M€1.18M▼
Other financial income752/9€1.41M€1.26M▼
Financial charges65/66B€23.90M€22.28M▼
Recurring financial charges65€23.90M€21.42M▼
Other financial charges652/9€23.90M€21.42M▼
Non-recurring financial charges66B-€862k
Profit (loss) for the period before taxes9903€71.93M€79.47M▲
Income taxes67/77€20.27M€19.97M▼
Taxes670/3€20.27M€19.97M▼
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€51.67M€59.50M▲
Profit (loss) for the period to be appropriated9905€51.67M€59.50M▲
Appropriation of the result
Profit (loss) to be appropriated9906€289.88M€346.79M▲
Profit (loss) brought forward from the previous period14P€238.21M€287.29M▲
Transfer to equity691/2€2.58M€2.97M▲
To the legal reserve6920€2.58M€2.97M▲
Profit to be distributed694/7-€343.82M
Return on contributions (dividend)694-€343.82M
The notes to these accounts (30 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €59.50M ▲15.2%
Net result €59.50M, the highest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €1000MEq €1.01B ▲5.4%
6 profitable years in a row build equity to €1.01B.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 27current ratio 316.00
Current ratio from 11.79 to 316.00; short-term debt falls from €16.47M to €760k.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 4 days late
2019
31-12
Financial
Equity above €500MEq €663.91M ▲172%
2 profitable years in a row build equity to €663.91M.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
28-12
State Gazette act
Incorporation · Founding capital
Corporate purpose · Director appointment
31-03
State Gazette act
Incorporation · Founding capital
Corporate purpose · Director appointment
2014
02-06
State Gazette act
Incorporation · Founding capital
Corporate purpose · Director appointment
02-06
State Gazette act
Incorporation · Founding capital
Corporate purpose · Director appointment
2006
22-05
State Gazette act
Incorporation · Founder
Founding capital · Corporate purpose
22-05
State Gazette act
Incorporation · Founding capital
Corporate purpose · Founder
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
21 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, Brussel · 1 establishment unit since 1984
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Simon Bolivarlaan 361000 BrusselGround area
5,799 m²
Building footprint
2,489 m²
Volume, LiDAR
131,585 m³
Parcel 21813D0439/00P009, Brussels · tallest building 64.0 m, ±19 floors. Linked by address, not a title deed.
1 establishment unit
TELFIN
since 19842.026.269.622
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813D0439/00P009 | Brussels | 5,799 m² | 1 · 2,489 m² | 64.0 m · 19 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Group per the LEI register
2 parent companiesParent company:ENGIE ENERGY SERVICES INTERNATIONAL
Ultimate parent:ENGIE
Recognitions · licences · registrations
Legal Entity Identifier
8945003FMUE9R4VXCE14
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,760. 470 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-12-1984
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.engie.com