Telenet Retail
ActiveSummary
The computed 12-month bankruptcy probability of Telenet Retail is 3.4% (moderate). The 2025 annual accounts show equity of €5.81M and a net result of €8.54M. Equity is shrinking by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 4867 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+3
Solvency34▼-25
Growth45▼-2
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days only on tighter terms
Liquidity tight (current ratio 1.02 against 1.35 in 2024; short-term debt: 89.3% and cash: 0.3% of total assets), and 91.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.8%
Return on assets
13%
Age of the figures
9 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 4867 sector peers (2025).
NBB · sector comparisonPosition among 4867 sector peers
Solvency
better than 12%
← weakest
strongest →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
69 d early
2023
76 d early
2022
75 d early
2021
73 d early
2020
67 d early
2019
67 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€77.49M▼ 15.6%
2024 · €91.85M
2018: €104.96M
2019: €95.51M
2020: €67.69M
2021: €81.96M
2022: €77.58M
2023: €90.76M
2024: €91.85M
2018 → 2025
EBIT margin
14.8%▲ 5.9pp
2024 · 8.9%
2018: 2.3%
2019: -0.7%
2020: -14.7%
2021: 7.0%
2022: 9.1%
2023: 6.7%
2024: 8.9%
2018 → 2025
Net result
€8.54M▲ 25.6%
2024 · €6.80M
2018: €2.28M
2019: €-444k
2020: €-9.66M
2021: €5.34M
2022: €6.48M
2023: €5.60M
2024: €6.80M
2018 → 2025
Working capital
€887k▼ 89.0%
2024 · €8.08M
2018: €18.97M
2019: €19.25M
2020: €13.87M
2021: €22.79M
2022: €30.00M
2023: €37.24M
2024: €8.08M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€81.96M-€77.58M▼ 5.3%€90.76M▲ 17.0%€91.85M▲ 1.2%€77.49M▼ 15.6%
Equity€28.38M-€34.86M▲ 22.8%€40.46M▲ 16.1%€12.26M▼ 69.7%€5.81M▼ 52.6%
Operating result€5.73M-€7.08M▲ 23.6%€6.09M▼ 14.0%€8.19M▲ 34.5%€11.45M▲ 39.8%
Net result€5.34M-€6.48M▲ 21.2%€5.60M▼ 13.5%€6.80M▲ 21.5%€8.54M▲ 25.6%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 40% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65.63M
Fixed assets
€6.16M ▲ 29.4%
Current assets
€59.47M ▲ 91.3%
Equity and liabilities €65.63M
Equity
€5.81M ▼ 52.6%
Provisions
€17k
Debt
€59.81M ▲ 154%
Debt's share of the balance-sheet total rises from 65.8% to 91.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€12.31M▲
2024 · €9.25M
Cash flow
€9.40M▲
2024 · €7.86M
Current ratio
1.02▼
2024 · 1.35
Debt to equity
10.30▲
2024 · 1.92
ROE
147.1%▲
2024 · 55.5%
ROA
13.0%▼
2024 · 19.0%
Interest coverage
297.57▼
2024 · 127158.72
Debt ≤ 1 year
€58.58M▲
2024 · €23.00M
Income taxes
€3.28M▲
2024 · €2.60M
Staff costs
€20.02M▲
2024 · €19.50M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 66 lines
Balance sheet
Code20242025
Assets
Total assets20/58€35.85M€65.63M▲
Fixed assets21/28€4.76M€6.16M▲
Tangible fixed assets22/27€4.76M€6.16M▲
Plant, machinery and equipment23€2k€5k▲
Furniture and vehicles24€1.95M€2.62M▲
Other tangible fixed assets26€2.51M€3.15M▲
Assets under construction and advance payments27€301k€394k▲
Current assets29/58€31.08M€59.47M▲
Amounts receivable after more than one year29€1.44M€2.06M▲
Other amounts receivable291€1.44M€2.06M▲
Amounts receivable within one year40/41€28.92M€56.46M▲
Trade receivables40€20.10M€19.83M▼
Other amounts receivable41€8.83M€36.63M▲
Cash at bank and in hand54/58€255k€205k▼
Deferred charges and accrued income490/1€467k€750k▲
Equity and liabilities
Total equity and liabilities10/49€35.85M€65.63M▲
Equity10/15€12.26M€5.81M▼
Contributions10/11€5.38M€5.38M=
Reserves13€84k€84k=
Non-distributable reserves130/1€84k€84k=
Reserves not available under the articles1311€84k€84k=
Profit (loss) carried forward14€6.80M€347k▼
Provisions and deferred taxes16-€17k
Provisions for liabilities and charges160/5-€17k
Pensions and similar obligations160-€17k
Amounts payable17/49€23.58M€59.81M▲
Amounts payable within one year42/48€23.00M€58.58M▲
Trade debts44€13.29M€31.97M▲
Suppliers440/4€13.29M€31.97M▲
Taxes, remuneration and social security45€9.57M€11.43M▲
Taxes450/3€5.49M€7.84M▲
Remuneration and social security454/9€4.08M€3.59M▼
Other amounts payable47/48€150k€15.18M▲
Accrued charges and deferred income492/3€581k€1.23M▲
Income statement
Code20242025
Operating income70/76A€91.91M€78.06M▼
Turnover70€91.85M€77.49M▼
Other operating income74€57k€570k▲
Operating charges60/66A€83.71M€66.61M▼
Goods for resale, raw materials and consumables60€46.86M€30.61M▼
Purchases600/8€46.86M€30.61M▼
Services and other goods61€15.73M€14.58M▼
Remuneration, social security and pensions62€19.50M€20.02M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.06M€854k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€17k
Other operating charges640/8€557k€530k▼
Operating profit (loss)9901€8.19M€11.45M▲
Financial income75/76B€1.25M€407k▼
Recurring financial income75€1.25M€407k▼
Income from current assets751€1.24M€407k▼
Other financial income752/9€6k-
Financial charges65/66B€45k€41k▼
Recurring financial charges65€45k€41k▼
Debt charges650€73-
Other financial charges652/9€45k€41k▼
Profit (loss) for the period before taxes9903€9.40M€11.82M▲
Income taxes67/77€2.60M€3.28M▲
Taxes670/3€2.60M€3.28M▲
Profit (loss) for the period9904€6.80M€8.54M▲
Profit (loss) for the period to be appropriated9905€6.80M€8.54M▲
Appropriation of the result
Profit (loss) to be appropriated9906€9.12M€15.35M▲
Profit (loss) brought forward from the previous period14P€2.31M€6.80M▲
Transfer from equity791/2€32.69M-
From contributions791€32.69M-
Profit to be distributed694/7€35.00M€15.00M▼
Return on contributions (dividend)694€35.00M€15.00M▼
Social balance
Average headcount (FTE)9087304.8299.0▼
The notes to these accounts (50 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
State Gazette act
Permanent representative: Maarten PoelDelegation of powers3 facts ▸
State Gazette act
Permanent representative: Maarten Poel
Delegation of powers3 facts ▸
- Board meeting, 30-07-2026
- Delegation of powers, Goedkeuring van de bijgewerkte delegatie van bevoegdheden
- Permanent representative, Maarten Poel
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
24-03
State Gazette act
Resignation: Dieter Nieuwdorp (director)Appointments: Silvia Brady (director) and Bart van Sprundel (director)4 facts ▸
State Gazette act
Resignation: Dieter Nieuwdorp (director)
Appointments: Silvia Brady (director) and Bart van Sprundel (director)4 facts ▸
- General meeting, 27/02/2026
- Director resignation, Dieter Nieuwdorp (director)
- Director appointment, Silvia Brady (director)
- Director appointment, Bart van Sprundel (director)
2025
31-12
Financial
Highest result since 2018net €8.54M ▲25.6%
Operating result €11.45M, net result €8.54M, both a record.
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €5.34M
Net result €5.34M after 2 loss-making years.
31-12
Financial
Equity above €25MEq €28.38M ▲23.2%
Equity rises from €23.04M to €28.38M.
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-9.66M
Net result drops to €-9.66M, the lowest in the series; recovery starts the following year.
Show earlier events
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Bart van Sprundel
CurrentDirector · since 27-02-2026
Silvia Brady
CurrentDirector · since 27-02-2026
27-02-2026
Bart van Sprundel: Appointed as Director
27-02-2026
Silvia Brady: Appointed as Director
27-02-2026
Dieter Nieuwdorp: Resigned as Director
Location & real-estate footprint
Registered office, Mechelen · 34 establishment units since 1999
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.
Liersesteenweg 42800 MechelenGround area
52.9 ha
Building footprint
34.0 ha
Volume, LiDAR
4,078,401 m³
33 parcels, Brussels, Flanders, Wallonia · tallest building 72.8 m, ±11 floors. Linked by address, not a title deed.
34 establishment units
Telenet Retail shop
since 19992.143.055.345
Telenet Retail shop
since 20062.153.119.490
Telenet Retail shop
since 20062.153.124.341
Telenet Retail shop
since 20062.153.125.034
Telenet Retail shop
since 20072.167.374.334
Telenet Retail shop
since 20092.181.939.873
Show 28 more locations
Telenet Retail shop
since 20092.181.989.561
Telenet Retail shop
since 20112.213.962.642
Telenet Retail shop
since 20152.247.726.956
Telenet Retail shop
since 20172.264.276.641
Telenet Retail shop
since 20172.264.278.918
Telenet Retail shop
since 20172.264.279.908
Telenet Retail shop
since 20172.264.283.074
Telenet Retail shop
since 20172.264.287.430
Telenet Retail shop
since 20172.264.287.925
Telenet Retail shop
since 20172.264.290.794
Telenet Retail shop
since 20172.264.290.893
Telenet Retail shop
since 20172.264.290.992
Telenet Retail shop
since 20172.264.291.091
Telenet Retail shop
since 20172.264.291.190
Telenet Retail shop
since 20172.264.291.586
HQ Telenet Retail
since 20172.314.952.411
Telenet Retail shop
since 20172.264.248.432
Telenet Retail shop
since 20172.264.248.630
Telenet Retail shop
since 20172.264.250.016
Telenet Retail shop
since 20172.264.250.115
Telenet Retail shop
since 20172.264.250.412
Telenet Retail shop
since 20172.264.253.380
Telenet Retail shop
since 20172.264.272.978
Telenet Retail shop
since 20172.264.276.344
Telenet Store Meir
since 20172.268.786.547
Telenet Retail Shop - BASE
since 20182.273.903.593
Telenet Store Basilix
since 20182.273.290.119
Telenet Store Oostende
since 20192.289.566.125
33 parcels
Flanders
13
(39.4%)
Wallonia
10
(30.3%)
Brussels
10
(30.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1155/00R000 | Flanders | 10.8 ha | 1 · 5.0 ha | 18.2 m · 2 fl. |
| 53402A0191/00H015 | Wallonia | 7.0 ha | 1 · 4.4 ha | 14.3 m · 3 fl. |
| 62806C0923/00B002 | Wallonia | 6.3 ha | 1 · 3.8 ha | 22.7 m · 3 fl. |
| 11050B0010/00E002 | Flanders | 5.6 ha | 1 · 4.9 ha | 27.4 m · 4 fl. |
| 21307F0076/00D000 | Brussels | 5.0 ha | 1 · 5.0 ha | 17.9 m · 4 fl. |
| 21813F0608/00M000 | Brussels | 4.0 ha | 1 · 2.1 ha | 30.4 m · 6 fl. |
| 11808H0963/00Z009 | Flanders | 3.5 ha | 1 · 1.9 ha | 72.8 m · 11 fl. |
| 52502C0335/00E005 | Wallonia | 3.3 ha | 1 · 2.2 ha | 9.5 m · 2 fl. |
| 21802B1669/00A000 | Brussels | 1.6 ha | 1 · 1.6 ha | 63.3 m · 7 fl. |
| 34353H1142/00X000 | Flanders | 1.4 ha | 1 · 1.1 ha | 28.9 m · 6 fl. |
| 21003A0333/00C006 | Brussels | 1.3 ha | 1 · 9,101 m² | 26.6 m · 4 fl. |
| 12402B0171/00K000 | Flanders | 1.2 ha | 1 · 258 m² | 16.3 m · 5 fl. |
| 62817B0604/00D002 | Wallonia | 6,611 m² | 1 · 4,730 m² | 25.6 m · 5 fl. |
| 11512B0046/00C006 | Flanders | 4,737 m² | 1 · 950 m² | - |
| 21904B0463/00K003 | Brussels | 2,336 m² | 1 · 1,429 m² | 18.2 m · 1 fl. |
| 44803C0899/00A000 | Flanders | 1,097 m² | 1 · 541 m² | 28.8 m · 8 fl. |
| 25386B0122/02F000 | Wallonia | 889 m² | 1 · 566 m² | 22.6 m · 6 fl. |
| 62063A0124/00E000 ProtectedMonument |
Wallonia | 743 m² | 1 · 700 m² | 30.8 m · 9 fl. |
| 21464D0182/00G000 | Brussels | 560 m² | 1 · 560 m² | 17.0 m · 1 fl. |
| 21683D0046/00K002 | Brussels | 356 m² | 1 · 266 m² | 20.4 m · 6 fl. |
| 11803C1653/00C000 | Flanders | 224 m² | 1 · 239 m² | 20.8 m · 5 fl. |
| 35013A0792/00E000 | Flanders | 201 m² | 1 · 200 m² | 17.0 m · 3 fl. |
| 12025C0127/00K000 | Flanders | 200 m² | 1 · 182 m² | 16.6 m · 5 fl. |
| 13011F0263/00L003 | Flanders | 186 m² | 1 · 186 m² | 14.8 m · 4 fl. |
| 25763L0359/00_000 | Wallonia | 180 m² | 1 · 62 m² | 11.7 m · 3 fl. |
| 13454Q0426/00C000 | Flanders | 175 m² | 1 · 166 m² | 13.1 m · 2 fl. |
| 21009A0744/00M000 | Brussels | 149 m² | 1 · 92 m² | 17.0 m · 5 fl. |
| 92094C0031/00P000indicative | Wallonia | 148 m² | 1 · 1,011 m² | 16.5 m · 4 fl. |
| 44802B1818/00_000 | Flanders | 108 m² | 1 · 108 m² | 13.6 m · 4 fl. |
| 21016B0009/00N000 | Brussels | 95 m² | 1 · 95 m² | 17.5 m · 5 fl. |
| 21802B1467/00C000 | Brussels | 72 m² | - | - |
| 51004D0609/00K000 | Wallonia | 59 m² | 1 · 59 m² | - |
| 52011D0126/02S000indicative | Wallonia | 27 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 32
31 of 33 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,779 EUR awarded · 1,779 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 767 EUR | 767 EUR |
| 2022 | 1 | 1,012 EUR | 1,012 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 2,122 companies in sector 46500 we hold annual accounts for 1,403. 405 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-06-2009
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
61100Wired, wireless and satellite telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.