TELFORCE
Annual accounts 2025
micro format, filed on 29-07-2026, 2 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €310,000. Estimated: probably between €270,000 and €450,000.
Balance sheet
balance sheet total €729,870 on 31-12-2025in euro
in euro
Position in the sector
80.6%
Higher than 76% of 21,206 companies in 2025.
6.29
Higher than 81% of 20,569 companies in 2025.
15.0%
Higher than 44% of 20,744 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
729,870 | 664,455 | 544,693 | 505,808 | 444,731 | 445,974 | 390,224 | 219,461 | 231,982 | 186,804 | 168,879 | 122,975 | 115,704 | 104,802 | 96,996 | 77,810 | 73,864 | 47,398 | |
21/28 |
1,720 | 2,740 | 16,227 | 34,865 | 50,224 | 66,862 | 89,492 | 12,687 | 11,222 | 17,438 | 16,533 | 15,876 | 23,068 | 34,033 | 33,416 | 33,149 | 9,331 | 10,118 | |
21 |
- | - | - | - | 20,000 | 60,000 | 80,000 | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
1,720 | 2,740 | 15,437 | 34,075 | 29,434 | 6,072 | 8,702 | 11,897 | 10,432 | 16,648 | 15,743 | 15,086 | 22,278 | 33,243 | 32,626 | 33,149 | 9,331 | 10,118 | |
23 |
1,720 | 2,590 | - | 664 | 2,706 | 4,352 | 6,122 | 2,932 | 4,882 | 6,848 | 4,643 | 967 | 4,948 | 7,540 | 7,509 | 7,456 | 8,267 | 9,941 | |
24 |
- | 150 | 15,437 | 33,410 | 26,729 | 1,720 | 2,580 | 8,965 | 5,550 | 9,800 | 11,100 | 14,119 | 17,330 | 25,703 | 25,117 | 25,693 | 1,064 | 177 | |
28 |
- | - | 790 | 790 | 790 | 790 | 790 | 790 | 790 | 790 | 790 | 790 | 790 | 790 | 790 | - | - | - | |
29/58 |
728,150 | 661,715 | 528,466 | 470,943 | 394,507 | 379,112 | 300,732 | 206,774 | 220,760 | 169,366 | 152,346 | 107,099 | 92,636 | 70,769 | 63,580 | 44,660 | 64,533 | 37,280 | |
3 |
- | - | - | - | - | - | - | - | - | 4,545 | 6,890 | - | - | - | - | 3,112 | 3,112 | 8,900 | |
30/36 |
- | - | - | - | - | - | - | - | - | 4,545 | 6,890 | - | - | - | - | 3,112 | 3,112 | 8,900 | |
40/41 |
719,925 | 648,922 | 485,879 | 430,750 | 359,105 | 375,474 | 270,306 | 177,827 | 181,926 | 132,383 | 120,259 | 104,071 | 90,119 | 65,157 | 55,328 | 41,548 | 61,325 | 26,407 | |
40 |
92,806 | 77,096 | 14,384 | 27,650 | 36,335 | 171,285 | 142,013 | 159,833 | 163,931 | 114,388 | 101,414 | 66,124 | 53,021 | 40,671 | 55,328 | 37,341 | 59,418 | 25,941 | |
41 |
627,119 | 571,825 | 471,495 | 403,100 | 322,770 | 204,189 | 128,293 | 17,994 | 17,995 | 17,995 | 18,845 | 37,947 | 37,098 | 24,486 | - | 4,207 | 1,907 | 466 | |
54/58 |
5,273 | 11,466 | - | - | - | - | - | - | 5,696 | 4,210 | 24,169 | 517 | 247 | 3,518 | - | - | 96 | 1,602 | |
490/1 |
2,952 | 1,328 | 42,587 | 40,193 | 35,403 | 3,638 | 30,426 | 28,947 | 33,138 | 28,228 | 1,028 | 2,511 | 2,270 | 2,094 | 8,252 | - | - | 371 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
729,870 | 664,455 | 544,693 | 505,808 | 444,731 | 445,974 | 390,224 | 219,461 | 231,982 | 186,804 | 168,879 | 122,975 | 115,704 | 104,802 | 96,996 | 77,810 | 73,864 | 47,398 | |
10/15 |
588,197 | 478,653 | 440,544 | 363,641 | 289,414 | 192,222 | 155,562 | 121,859 | 98,075 | 66,763 | 58,809 | 40,554 | 34,990 | 38,840 | 21,742 | -7,222 | 30,252 | 9,842 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 9,000 | 9,000 | 9,000 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,600 | 9,600 | 9,600 | |
13 |
421,860 | 421,860 | 421,860 | 344,860 | 269,860 | 170,960 | 135,960 | 102,960 | 77,960 | 47,960 | 37,960 | 20,460 | 17,960 | 17,960 | 1,860 | 1,860 | 1,860 | 400 | |
130/1 |
- | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 400 | |
1311 |
- | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | 11,100 | 11,100 | 11,100 | 11,100 | 11,100 | 11,100 | 11,100 | 8,600 | 8,600 | - | - | - | - | |
133 |
421,860 | 420,000 | 420,000 | 343,000 | 268,000 | 158,000 | 123,000 | 90,000 | 65,000 | 35,000 | 25,000 | 7,500 | 7,500 | 7,500 | - | - | - | - | |
14 |
147,737 | 38,193 | 84 | 181 | 954 | 2,662 | 1,002 | 299 | 1,515 | 203 | 2,249 | 1,494 | -1,570 | 2,280 | 1,282 | -18,082 | 19,392 | 442 | |
17/49 |
141,673 | 185,802 | 104,148 | 142,167 | 155,317 | 253,752 | 234,662 | 97,602 | 133,907 | 120,041 | 110,070 | 82,421 | 80,714 | 65,962 | 75,254 | 85,032 | 43,612 | 37,557 | |
17 |
- | - | 11,702 | 25,667 | 41,105 | 83,976 | 110,841 | 12,430 | 23,718 | 35,323 | 26,437 | 19,902 | 27,228 | 10,358 | 16,473 | 23,819 | 4,766 | 7,834 | |
170/4 |
- | - | 11,702 | 25,667 | 41,105 | 83,976 | 110,841 | 12,430 | 23,718 | 35,323 | 26,437 | 19,902 | 27,228 | 10,358 | 16,473 | 23,819 | 4,766 | 7,834 | |
42/48 |
115,689 | 135,051 | 89,626 | 116,500 | 113,667 | 161,706 | 123,821 | 85,172 | 110,189 | 84,718 | 83,633 | 62,519 | 40,507 | 46,700 | 56,689 | 61,213 | 38,846 | 29,722 | |
42 |
- | 11,702 | 15,216 | 16,654 | 21,727 | 26,865 | 26,165 | 11,288 | 48,304 | 29,092 | 24,124 | 11,242 | 8,716 | 6,115 | 7,478 | 8,735 | 3,068 | 2,919 | |
43 |
19,932 | 19,860 | 45,890 | 32,116 | 36,686 | 56,502 | 25,703 | 37,331 | 18,666 | 11,618 | 6,554 | 9,832 | 9,591 | 24,910 | 30,721 | 18,533 | 2,000 | - | |
430/8 |
19,932 | 19,860 | 45,890 | 32,116 | 36,686 | 56,502 | 25,703 | 37,331 | 18,666 | 11,618 | 6,554 | 9,832 | 9,591 | 24,910 | 30,721 | 18,533 | 2,000 | - | |
44 |
28,977 | 30,962 | 367 | 5,890 | 19,072 | 34,106 | 49,718 | 34,521 | 35,853 | 25,564 | 35,029 | 30,556 | 9,212 | 11,672 | 11,345 | 27,887 | 23,827 | 18,022 | |
440/4 |
28,977 | 30,962 | 367 | 5,890 | 19,072 | 34,106 | 49,718 | 34,521 | 35,853 | 25,564 | 35,029 | 30,556 | 9,212 | 11,672 | 11,345 | 27,887 | 23,827 | 18,022 | |
45 |
61,140 | 65,512 | 20,840 | 54,461 | 28,803 | 32,373 | 18,856 | 2,032 | 7,366 | 18,444 | 17,926 | 10,889 | 12,988 | 4,003 | 6,510 | 4,350 | 5,974 | 2,828 | |
450/3 |
48,978 | 53,761 | 16,912 | 48,079 | 25,348 | 32,373 | 18,856 | 2,032 | 7,366 | 15,005 | 17,926 | 10,889 | 12,988 | 4,003 | 6,510 | - | 4,524 | 178 | |
454/9 |
12,162 | 11,751 | 3,927 | 6,382 | 3,454 | - | - | - | - | 3,439 | - | - | - | - | - | 4,350 | 1,450 | 2,650 | |
47/48 |
5,640 | 7,014 | 7,314 | 7,379 | 7,379 | 11,860 | 3,379 | - | - | - | - | - | - | - | 635 | 1,708 | 3,977 | 5,953 | |
492/3 |
25,984 | 50,751 | 2,820 | - | 546 | 8,070 | - | - | - | - | - | - | 12,979 | 8,904 | 2,092 | - | - | - | |
| Income statement | |||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,816 | - | |
9900 |
214,009 | 199,289 | 197,387 | 208,221 | 137,884 | 149,729 | 93,280 | 57,531 | 66,304 | 34,492 | 64,063 | 16,984 | 14,529 | 37,621 | 30,548 | -22,421 | 24,714 | 9,459 | |
62 |
56,875 | 64,773 | 54,174 | 51,880 | 50,480 | 62,119 | 3,648 | - | 2,178 | 121 | - | - | - | - | - | - | - | - | |
630 |
1,020 | 6,450 | 21,762 | 35,516 | 27,844 | 24,002 | 30,516 | 9,588 | 7,390 | 6,998 | 4,305 | 3,519 | 9,303 | 10,854 | 3,793 | 7,512 | 3,699 | 2,496 | |
640/8 |
10,077 | 70,331 | 5,205 | 5,489 | 4,354 | 5,449 | 4,762 | 2,721 | 2,563 | 3,667 | 26,641 | 1,659 | 3,181 | 1,494 | 1,702 | 712 | 701 | 4,622 | |
9901 |
146,037 | 57,735 | 116,246 | 115,337 | 55,206 | 58,159 | 54,354 | 45,222 | 54,173 | 23,706 | 33,117 | 11,806 | 2,045 | 25,273 | 25,053 | -30,644 | 20,314 | 2,341 | |
75/76B |
1,286 | - | - | - | - | 1 | 87 | - | - | 160 | - | - | - | - | - | 591 | 271 | 199 | |
75 |
1,286 | - | - | - | - | 1 | 87 | - | - | 160 | - | - | - | - | - | 591 | 271 | 199 | |
65/66B |
2,346 | 5,596 | 9,945 | 9,715 | 8,768 | 8,488 | 8,338 | 6,081 | 7,862 | 8,608 | 2,862 | 1,502 | 2,960 | 7,975 | 5,689 | 2,301 | 2,431 | 1,697 | |
65 |
2,346 | 5,596 | 9,945 | 9,715 | 8,768 | 8,488 | 8,338 | 6,081 | 7,862 | 8,608 | 2,862 | 1,502 | 2,960 | 7,975 | 5,689 | 2,301 | 2,431 | 1,697 | |
9903 |
144,977 | 52,139 | 106,300 | 105,622 | 46,438 | 49,672 | 46,103 | 39,141 | 46,311 | 15,258 | 30,255 | 10,304 | -915 | 17,298 | 19,364 | -32,354 | 20,971 | 843 | |
67/77 |
35,433 | 14,031 | 29,397 | 31,395 | 15,176 | 13,012 | 12,400 | 15,357 | 15,000 | 7,304 | 12,000 | 4,740 | 2,935 | 200 | - | 5,120 | 561 | 1 | |
9904 |
109,544 | 38,109 | 76,903 | 74,227 | 31,262 | 36,660 | 33,703 | 23,784 | 31,311 | 7,954 | 18,255 | 5,564 | -3,850 | 17,098 | 19,364 | -37,474 | 20,410 | 842 | |
789 |
- | - | - | - | 11,100 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | - | 2,500 | - | 8,600 | - | - | - | - | |
9905 |
109,544 | 38,109 | 76,903 | 74,227 | 42,362 | 36,660 | 33,703 | 23,784 | 31,311 | 7,954 | 18,255 | 3,064 | -3,850 | 8,498 | 19,364 | -37,474 | 20,410 | 842 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
147,737 | 38,193 | 77,084 | 75,181 | 45,954 | 37,662 | 34,002 | 25,299 | 31,515 | 10,203 | 19,749 | 1,494 | -1,570 | 9,780 | 1,282 | -18,082 | 20,852 | 842 | |
14P |
38,193 | 84 | 181 | 954 | 3,592 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 77,000 | 75,000 | 45,000 | 35,000 | 33,000 | 25,000 | 30,000 | 10,000 | 17,500 | - | - | 7,500 | - | - | 1,460 | 400 | |
691 |
- | - | - | - | - | - | - | - | - | - | 17,500 | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,460 | 400 | |
6921 |
- | - | 77,000 | 75,000 | 45,000 | 35,000 | 33,000 | 25,000 | 30,000 | 10,000 | - | - | - | 7,500 | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||
9087 |
- | - | 1 | - | - | 1.7 | - | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
- | - | 1,862 | - | - | 2,656 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00350363 | |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00312733 | |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00361788 | |
| 31-12-2022 | micro format | 19-09-2023 | 2023-00448431 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20104211 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-46900115 | |
| 31-12-2018 | micro format | 12-07-2019 | 2019-31100346 | |
| 31-12-2017 | abbreviated format | 29-06-2018 | 2018-24700523 | |
| 31-12-2016 | abbreviated format | 08-08-2017 | 2017-41400591 | |
| 31-12-2015 | abbreviated format | 09-06-2016 | 2016-16100099 | |
| 31-12-2014 | abbreviated format | 18-05-2015 | 2015-11900206 | |
| 31-12-2013 | abbreviated format | 14-07-2014 | 2014-29400434 | |
| 31-12-2012 | abbreviated format | 19-09-2013 | 2013-58700530 | |
| 31-12-2011 | abbreviated format | 28-06-2012 | 2012-25600372 | |
| 31-12-2010 | abbreviated format | 04-08-2011 | 2011-38200371 | |
| 31-12-2009 | abbreviated format | 01-06-2010 | 2010-14400063 | |
| 31-12-2008 | abbreviated format | 16-07-2009 | 2009-43600158 | |
| 31-12-2007 | abbreviated format | 21-07-2008 | 2008-45400056 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 147,056 | 64,185 | 138,008 | 150,853 | 83,050 | 82,161 | 84,870 | 54,810 | 61,563 | 30,704 | 37,422 | 15,325 | 11,348 | 36,127 | 28,846 | -23,132 | 24,013 | 4,838 | ||
| 110,564 | 44,558 | 98,665 | 109,743 | 59,106 | 60,662 | 64,219 | 33,372 | 38,701 | 14,952 | 22,560 | 9,083 | 5,453 | 27,952 | 23,157 | -29,962 | 24,109 | 3,338 | ||
| 0 | 2,609 | 3,124 | 20,156 | 29,778 | 1,372 | 107,321 | 11,053 | 1,174 | 7,903 | 4,962 | 432 | 2,104 | 11,471 | 4,060 | 31,331 | 2,911 | 12,615 | ||
| -6,193 | - | - | - | - | - | - | - | 1,486 | -19,959 | 23,652 | 270 | -3,271 | - | - | - | -1,506 | - | ||
| 612,461 | 526,665 | 438,839 | 354,443 | 280,841 | 217,406 | 176,911 | 121,602 | 110,571 | 84,648 | 68,713 | 44,580 | 52,129 | 24,069 | 6,891 | -16,552 | 25,688 | 7,558 | ||
| 80.6% | 72.0% | 80.9% | 71.9% | 65.1% | 43.1% | 39.9% | 55.5% | 42.3% | 35.7% | 34.8% | 33.0% | 30.2% | 37.1% | 22.4% | -9.3% | 41.0% | 20.8% | ||
| 6.29 | 4.90 | 5.90 | 4.04 | 3.47 | 2.34 | 2.43 | 2.43 | 2.00 | 2.00 | 1.82 | 1.71 | 2.29 | 1.52 | 1.12 | 0.73 | 1.66 | 1.25 | ||
| 6.29 | 4.90 | 5.90 | 4.04 | 3.47 | 2.34 | 2.43 | 2.43 | 2.00 | 1.95 | 1.74 | 1.71 | 2.29 | 1.52 | 1.12 | 0.68 | 1.58 | 0.95 | ||
| 0.24 | 0.39 | 0.24 | 0.39 | 0.54 | 1.32 | 1.51 | 0.80 | 1.37 | 1.80 | 1.87 | 2.03 | 2.31 | 1.70 | 3.46 | - | 1.44 | 3.82 | ||
| 18.6% | 8.0% | 17.5% | 20.4% | 10.8% | 19.1% | 21.7% | 19.5% | 31.9% | 11.9% | 31.0% | 13.7% | -11.0% | 44.0% | 89.1% | - | 67.5% | 8.6% | ||
| 15.0% | 5.7% | 14.1% | 14.7% | 7.0% | 8.2% | 8.6% | 10.8% | 13.5% | 4.3% | 10.8% | 4.5% | -3.3% | 16.3% | 20.0% | -48.2% | 27.6% | 1.8% | ||
| 62.68 | 11.47 | 13.88 | 15.53 | 9.47 | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2023 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| 1 | |
| On a permanent contract | 1 |
Source: social balance sheet in the 2023 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €2,609 | €3,124 | €20,156 | €29,778 |
| €1,020 | €6,450 | €21,762 | €35,516 | €27,844 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on TELFORCE
The operating result for 2025 is 153% higher than in 2024 and the highest since 2007. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 28.0% to 19.4%. Equity is higher and debt is lower.