TORNADO TELECOM
Open bankruptcyFinancials · financial year 2024, full format
2024 annual accounts filed late (74 days) Filed on 13 October 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00540803.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result stays negative: a loss of €205 in 2024 against €85 in 2023; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 61, Telecommunications: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €168 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €0 | - |
| Other operating charges640/8 | - | - | - | - | €348 | €85 | - | - |
| Gross operating margin9900 | - | - | - | -€168 | - | - | -€205 | - |
| Operating profit (loss)9901 | -€648 | - | - | -€168 | -€348 | -€85 | -€205 | ▼ 142% |
| Financial charges65/66B | - | - | - | €67 | €45 | €95 | €45 | ▼ 52.6% |
| Recurring financial charges65 | €48 | €139 | €20 | €67 | €45 | €95 | €45 | ▼ 52.6% |
| Profit (loss) for the period before taxes9903 | -€696 | -€139 | -€20 | -€235 | -€393 | -€180 | -€250 | ▼ 39.1% |
| Profit (loss) for the period9904 | -€696 | -€139 | -€20 | -€235 | -€393 | -€180 | -€250 | ▼ 39.1% |
| Profit (loss) for the period to be appropriated9905 | -€696 | -€139 | -€20 | -€235 | -€393 | -€180 | -€250 | ▼ 39.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €8,043 | €7,903 | €7,884 | €7,948 | €5,878 | €5,699 | €5,949 | ▲ 4.4% |
| Fixed assets21/28 | - | - | - | - | - | €0 | €0 | - |
| Tangible fixed assets22/27 | - | - | - | - | - | €0 | €0 | - |
| Plant, machinery and equipment23 | - | - | - | - | - | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | - | - | €0 | €0 | - |
| Current assets29/58 | €8,043 | €7,903 | €7,884 | €7,948 | €5,878 | €5,699 | €5,949 | ▲ 4.4% |
| Amounts receivable within one year40/41 | €7,902 | €7,902 | €7,884 | €7,902 | €5,402 | €5,402 | €5,402 | = |
| Trade receivables40 | - | - | - | €4,517 | €4,517 | €4,517 | €4,517 | = |
| Other amounts receivable41 | - | - | - | €3,385 | €885 | €885 | €885 | = |
| Cash at bank and in hand54/58 | €141 | €1 | - | €46 | €477 | €297 | €547 | ▲ 84.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €8,043 | €7,903 | €7,884 | €7,948 | €5,878 | €5,699 | €5,949 | ▲ 4.4% |
| Equity10/15 | -€28,490 | -€28,629 | -€28,649 | -€28,884 | -€29,277 | -€29,457 | -€29,707 | ▼ 0.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | - | €18,592 | €18,592 | - | - | - |
| Issued capital100 | - | - | - | €18,592 | €18,592 | - | - | - |
| Reserves13 | €682 | €682 | €682 | €682 | €682 | €682 | €682 | = |
| Non-distributable reserves130/1 | - | - | - | €682 | €682 | €682 | €682 | = |
| Legal reserve130 | - | - | - | €682 | €682 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €682 | €682 | = |
| Profit (loss) carried forward14 | -€47,764 | -€47,903 | -€47,923 | -€48,158 | -€48,551 | -€48,731 | -€48,981 | ▼ 0.5% |
| Amounts payable17/49 | €36,532 | €36,532 | €36,532 | €36,832 | €35,155 | €35,155 | €35,655 | ▲ 1.4% |
| Amounts payable within one year42/48 | €36,532 | €36,532 | €36,532 | €36,832 | €35,155 | €35,155 | €35,655 | ▲ 1.4% |
| Trade debts44 | €16,388 | €16,388 | €16,388 | €16,388 | €14,711 | €14,711 | €14,711 | = |
| Suppliers440/4 | - | - | - | €16,388 | €14,711 | €14,711 | €14,711 | = |
| Other amounts payable47/48 | - | - | - | €20,444 | €20,444 | €20,444 | €20,944 | ▲ 2.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€696 | -€139 | -€20 | -€235 | -€393 | -€180 | -€250 | ▼ 39.1% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €0 | - |
| Operating cash flow (approximation) | -€696 | -€139 | -€20 | -€235 | -€393 | -€180 | -€250 | ▼ 39.1% |
| Investment in fixed assets (approximation) | - | - | - | - | - | - | €0 | - |
| Change in cash | - | -€140 | - | - | €431 | -€180 | €250 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 13-10-2025 | 2025-00540803 |
| 31-12-2023 | full format | 11-09-2024 | 2024-00461230 |
| 31-12-2022 | full format | 03-07-2023 | 2023-00200498 |
| 31-12-2021 | micro format | 23-06-2022 | 2022-20084871 |
| 31-12-2020 | full format | 12-10-2021 | 2021-71600354 |
| 31-12-2019 | full format | 14-07-2020 | 2020-29700072 |
| 31-12-2018 | full format | 05-10-2019 | 2019-68700490 |
| 31-12-2017 | micro format | 29-10-2018 | 2018-70700080 |
| 31-12-2016 | full format | 26-12-2017 | 2017-73100524 |
| 31-12-2015 | full format | 17-01-2017 | 2017-01700047 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.