TELCOMSERV
ActiveSummary
TELCOMSERV has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €63k and a net result of €-1k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 9% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability31▼-15
Solvency32▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity tight (current ratio 1.05 against 1.03 in 2023; short-term debt: 93.5% and cash: 2.2% of total assets), and 93.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
6.5%
Return on assets
-0.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7445 sector peers (2024).
NBB · sector comparisonPosition among 7445 sector peers
Solvency
better than 9%
← weakest
strongest →
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 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
117 d late
2022
113 d late
2021
86 d late
2020
102 d late
2019
82 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€63k▼ 2.0%
2023 · €64k
Total assets
€967k▼ 2.7%
2023 · €994k
Net result
€-1k
2023 · €238
Working capital
€47k▲ 60.4%
2023 · €29k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€25k▲ 93.7%€21k▼ 16.0%€13k▼ 38.1%€18k▲ 34.3%€22k▲ 26.3%
Net result€4k▲ 169%€1k▼ 60.8%€-3k€238€-1k
Equity€66k▲ 5.7%€67k▲ 1.5%€64k▼ 3.9%€64k▲ 0.4%€63k▼ 2.0%
Total assets€986k▲ 23.7%€1.08M▲ 9.8%€1,000k▼ 7.7%€994k▼ 0.6%€967k▼ 2.7%
Debt€920k▲ 25.2%€1.02M▲ 10.4%€936k▼ 7.9%€930k▼ 0.6%€904k▼ 2.8%
Working capital€-83k▲ 6.0%€-31k▲ 62.6%€2k€29k▲ 1,832%€47k▲ 60.4%
Staff (FTE)6=7▲ 16.7%4.7▼ 32.9%5.5▲ 17.0%5.3▼ 3.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 26% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €967k
Fixed assets
€16k ▼ 57.5%
Current assets
€951k ▼ 0.5%
Equity and liabilities €967k
Equity
€63k ▼ 2.0%
Debt
€904k ▼ 2.8%
Debt's share of the balance-sheet total stays at 93.5%.
Key figures and ratios
EBITDA
€31k▼
2023 · €54k
Cash flow
€7k▼
2023 · €36k
Current ratio
1.05▲
2023 · 1.03
Quick ratio
0.55▼
2023 · 0.66
Debt to equity
14.38▼
2023 · 14.49
ROE
-2.0%▼
2023 · 0.4%
ROA
-0.1%▼
2023 · 0.0%
Interest coverage
1.43▼
2023 · 3.22
Debt ≤ 1 year
€904k▼
2023 · €927k
Income taxes
€2k▲
2023 · €757
Staff costs
€409k▲
2023 · €354k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €500 | - | €11k | - |
| Remuneration, social security and pensions62 | - | €418k | €332k | €354k | €409k | ▲ 15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41k | €48k | €42k | €36k | €8k | ▼ 77.3% |
| Other operating charges640/8 | - | €7k | €12k | €502 | €4k | ▲ 734% |
| Non-recurring operating charges66A | - | - | €952 | - | €3k | - |
| Gross operating margin9900 | €445k | €495k | €400k | €408k | €446k | ▲ 9.4% |
| Operating profit (loss)9901 | €25k | €21k | €13k | €18k | €22k | ▲ 26.3% |
| Financial income75/76B | - | €138 | - | €29 | €9 | ▼ 70.2% |
| Recurring financial income75 | €55 | €138 | - | €29 | €9 | ▼ 70.2% |
| Financial charges65/66B | - | €18k | €12k | €17k | €21k | ▲ 27.6% |
| Recurring financial charges65 | €15k | €18k | €12k | €17k | €21k | ▲ 27.6% |
| Profit (loss) for the period before taxes9903 | €10k | €4k | €1k | €994 | €1k | ▲ 2.0% |
| Income taxes67/77 | €7k | €2k | €4k | €757 | €2k | ▲ 202% |
| Profit (loss) for the period9904 | €4k | €1k | €-3k | €238 | €-1k | ▼ 635% |
| Profit (loss) for the period to be appropriated9905 | €4k | €1k | €-3k | €238 | €-1k | ▼ 635% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €986k | €1.08M | €1,000k | €994k | €967k | ▼ 2.7% |
| Fixed assets21/28 | €178k | €130k | €70k | €38k | €16k | ▼ 57.5% |
| Tangible fixed assets22/27 | €178k | €130k | €70k | €38k | €16k | ▼ 57.5% |
| Plant, machinery and equipment23 | - | €50k | €37k | €27k | €11k | ▼ 58.8% |
| Furniture and vehicles24 | - | €79k | €33k | €11k | €5k | ▼ 54.4% |
| Current assets29/58 | €808k | €953k | €930k | €956k | €951k | ▼ 0.5% |
| Stocks and contracts in progress3 | €135k | €445k | €364k | €341k | €454k | ▲ 33.0% |
| Stocks30/36 | - | €135k | €139k | €127k | €165k | ▲ 29.7% |
| Contracts in progress37 | - | €310k | €225k | €214k | €289k | ▲ 34.9% |
| Amounts receivable within one year40/41 | €413k | €467k | €523k | €558k | €469k | ▼ 16.0% |
| Trade receivables40 | - | €459k | €509k | €544k | €455k | ▼ 16.2% |
| Other amounts receivable41 | - | €8k | €14k | €15k | €14k | ▼ 6.9% |
| Cash at bank and in hand54/58 | €45k | €33k | €35k | €49k | €21k | ▼ 57.3% |
| Deferred charges and accrued income490/1 | - | €7k | €8k | €7k | €7k | ▼ 4.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €986k | €1.08M | €1,000k | €994k | €967k | ▼ 2.7% |
| Equity10/15 | €66k | €67k | €64k | €64k | €63k | ▼ 2.0% |
| Contributions10/11 | - | €25k | €25k | €25k | €25k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | - | - |
| Reserves not available under the articles1311 | - | €3k | €3k | €3k | - | - |
| Distributable reserves133 | - | - | - | - | €3k | - |
| Profit (loss) carried forward14 | €38k | €39k | €36k | €37k | €35k | ▼ 3.5% |
| Amounts payable17/49 | €920k | €1.02M | €936k | €930k | €904k | ▼ 2.8% |
| Amounts payable after more than one year17 | €30k | €32k | €7k | €3k | - | - |
| Financial debts170/4 | - | €32k | €7k | €3k | - | - |
| Amounts payable within one year42/48 | €891k | €984k | €928k | €927k | €904k | ▼ 2.4% |
| Current portion of amounts payable after more than one year42 | - | €72k | €31k | €4k | €20k | ▲ 347% |
| Financial debts43 | - | €251k | €251k | €230k | €250k | ▲ 8.6% |
| Credit institutions430/8 | - | €251k | €251k | €230k | €250k | ▲ 8.6% |
| Trade debts44 | €136k | €151k | €106k | €174k | €114k | ▼ 34.2% |
| Suppliers440/4 | - | €151k | €106k | €174k | €114k | ▼ 34.2% |
| Advances received on contracts in progress46 | - | - | €33k | - | €17k | - |
| Taxes, remuneration and social security45 | - | €71k | €40k | €45k | €52k | ▲ 15.3% |
| Taxes450/3 | - | €35k | €17k | €18k | €17k | ▼ 8.3% |
| Remuneration and social security454/9 | - | €36k | €23k | €27k | €36k | ▲ 30.9% |
| Other amounts payable47/48 | - | €440k | €467k | €472k | €450k | ▼ 4.8% |
| Accrued charges and deferred income492/3 | - | - | €26 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €1k | €-3k | €238 | €-1k | ▼ 635% |
| + Depreciation and write-downs630 | €41k | €48k | €42k | €36k | €8k | ▼ 77.3% |
| Operating cash flow (approximation) | €45k | €50k | €39k | €36k | €7k | ▼ 80.9% |
| Investment in fixed assets (approximation) | - | €0 | €18k | €-4k | €14k | ▲ 415% |
| Change in cash | - | €-12k | €2k | €14k | €-28k | ▼ 305% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 117 days late
2023
31-12
Financial
Back to profitnet €238
Net result €238 after one loss-making year.
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 113 days late
2022
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 86 days late
2021
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 102 days late
2020
31-12
Financial
Highest result since 2018net €4k ▲169%
Operating result €25k, net result €4k, both a record.
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 82 days late
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Geraardsbergen · 1 establishment unit since 2004
Ground area
1,420 m²
Building footprint
1,081 m²
Volume, LiDAR
3,510 m³
2 parcels, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TELCOMSERV
since 20042.139.223.647
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41059B0037/00S000 | Flanders | 1,294 m² | 1 · 955 m² | 10.0 m · 1 fl. |
| 41059B0037/00P000 | Flanders | 126 m² | 1 · 126 m² | 8.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,836 EUR awarded · 2,649 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 187 EUR | 0 EUR |
| 2024 | 1 | 225 EUR | 225 EUR |
| 2023 | 1 | 2,424 EUR | 2,424 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
ARBAN TECHNIEKEN
BE 0551.977.510
Antwerpen · Eq €63,055
Lagae Technics
BE 0790.517.435
Zedelgem · Eq €63,382
ESB IMEX
BE 0534.422.389
Wommelgem · Eq €63,510
THERMO-TECH
BE 0739.809.892
Herentals · Eq €63,637
BELFIMAN
BE 0772.944.401
Sint-Jans-Molenbeek · Eq €62,102
Of 1,124 companies in sector 43212 we hold annual accounts for 420. 362 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43212Electrical installation work in industrial facilities
61100Wired, wireless and satellite telecommunications
Scores and ratios are computed by Checked and are not a credit decision.