Equity
€588,197 ▲ 22.9%
TELFORCE has made a profit without a break since 2013.
TELFORCE
Lifetime
18 annual accounts with figures on one time axispeak €214,009 (2025)
€214,009▲ 7.4%
lowest -€37,474 (2009)
€109,544▲ 187%
peak €588,197 (2025)
€588,197▲ 22.9%
€141,673▼ 23.8%
peak 1.7 FTE (2019)
-not published
Board1 name since 2020
-
Documentsfilings and deeds
29-07-20262 days before the deadline
2025micro format
Result from €38,109 to €109,544Change of role: Van Puyvelde Wim, from manager to director 08-07Equity from €478,653 to €588,197Debts from €185,802 to €141,673Cash from €11,466 to €5,273
Key points
from the 2025 annual accountsResult
€109,544 ▲ 187%
The result rose in 2025 from €38,109 to €109,544.
Turnover
≈ €310,000 estimated
The micro format states no turnover.
Liquidity
6.29 was 4.90 in 2024
Short-term debts fell from €135,051 to €115,689.
Filings
18 annual accounts since 2007
Four of the last ten came late. The 2022 accounts came latest: 50 days after the end of the period.
Position in the sector
€588,197
More equity than 95% of companies in computer programming and consultancy. Sector median €69,062 · 21,212 companies.
Checked score
95
Excellent
Financially stronger than 56% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.4 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 6.29, cash €5,273, halved
lowers risk
Size: total assets €729,870
Equity €588,197 (80.6% of total assets)
Figures for financial year 2025 (filed on 29-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 85% of them on solvency, 22% on liquidity, 50% on profitability and 67% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as TELFORCE has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of TELFORCE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for TELFORCE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.29 (4.9 in 2024), above the usual 1.5. Short-term debt is 15.9% and cash 0.7% of total assets. 19.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
6 days early
2023
23 days late
2022
50 days late
2021
32 days early
2019
31 days late
2018
19 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Change of role: Van Puyvelde Wim, from manager to director
Director discharge: Van Puyvelde Wim · General meeting of 03-07-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0879762185
First establishment
Nijverheidslaan 73, Waasmunster
Incorporation
published on 16-03-2006 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TELFORCE Waasmunster | €729,870 | €214,009 | 80.6% | - |
| PROCRES Tessenderlo-Ham | €686,983 | €234,998 | 61.8% | - |
| Solifaction Kontich | €856,966 | €205,921 | 4.7% | 0.8 |
| M3PLUS Antwerp | €741,449 | €245,076 | 68.7% | - |
| ALDINGHA Oudenaarde | €633,594 | €201,917 | 79.6% | - |
| Interaictive Ghent | €557,054 | €238,292 | 30.3% | - |
| IKANDA Haaltert | €603,789 | €227,884 | 41.0% | 0.8 |
These companies have the same main activity as TELFORCE: computer programming (NACE 62100). They are comparable in size and age: total assets between €557,000 and €857,000, founded between 2001 and 2010.
Official details
Source: KBO- Status
- Active since 06-03-2006Normal situation
- Activity
- Computer programmingNACE 62100and 2 others
- Establishment unit
- 2.152.233.0309250 Waasmunster, since 15-03-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 20-05-2025
Annual accounts 2025
- €729,870▲ 9.8%
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on TELFORCE
TELFORCE files the micro format. That format states no turnover. The gross margin rose from €9,459 in 2007 to €214,009 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TELFORCE
- What is the company number of TELFORCE?
- The company number of TELFORCE is 0879.762.185. The VAT number is the same number with BE in front: BE 0879.762.185.
- Where is TELFORCE based?
- The registered office is at Nijverheidslaan 73, 9250 Waasmunster.Company details
- What does TELFORCE do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of TELFORCE?
- TELFORCE is a private limited company (BV).
- When was TELFORCE founded?
- TELFORCE was founded on 06-03-2006.
- Is TELFORCE still active?
- Yes, TELFORCE is an active enterprise in the KBO register.
- How many employees does TELFORCE have?
- TELFORCE had an average of 1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of TELFORCE?
- The turnover in financial year 2025 is ≈ €310,000. This figure is estimated from the gross margin of €214,009 and 32 comparable companies (NACE 62100). It probably lies between €270,000 and €450,000.
- Is TELFORCE profitable?
- In financial year 2025, TELFORCE made a profit of €109,544.
- Where can I find the annual accounts of TELFORCE?
- TELFORCE filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TELFORCE due?
- TELFORCE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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