ACTIVE

RTL BELGIUM

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Financial year 2025 · closed on 31/12/2025

Net result

-4,7 M €

-32.6% YoY

Revenue

215,3 M €

-3.7% YoY

Equity

121,3 M €

-6.7% YoY

Workforce

394,2 ETP

-5.6% YoY

What does RTL BELGIUM do?

RTL BELGIUM is a Public limited company incorporated in 1985. Its main activity is: Television programming and broadcasting activities. Its registered office is in Schaerbeek. It employs on average 394,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.201.847

Incorporation

04/12/1985

Legal form

Public limited company

Registered office

Avenue Jacques Georgin 2
1030 Schaerbeek · BruxellesSee on map

Contributed capital

14 324 989,37 €

Latest accounts

31/12/2025

Average workforce

394,2 ETP

Activities (NACE)

60200Television programming and broadcasting activities· main 60200Television programming and broadcasting activities 92203Gambling and betting activities

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	215,3 M €	-3.7%	223,6 M €	-0.7%	225,1 M €	+172%	82,8 M €	+14.9%	72,1 M €	+6.4%	67,8 M €	-3.4%	70,1 M €	+3.0%	68,1 M €	-18.5%	83,5 M €	-4.0%	87 M €	+3.2%	84,3 M €	+2.5%	82,2 M €	-1.8%	83,7 M €	-36.8%	132,4 M €	-6.1%	141,1 M €	+4.1%	135,5 M €	+14.1%	118,8 M €	-4.5%	124,4 M €	-2.6%	127,8 M €	+16.5%	109,7 M €
EBITDA	11,5 M €	+2.5%	11,2 M €	-12.9%	12,9 M €	+43.7%	9 M €	-14.1%	10,4 M €	+56.1%	6,7 M €	-18.3%	8,2 M €	+20.9%	6,8 M €	+241%	-4,8 M €	-134%	14,2 M €	-2.1%	14,5 M €	-1.4%	14,7 M €	-3.4%	15,2 M €	-45.5%	27,9 M €	-15.0%	32,8 M €	+4.5%	31,4 M €	+39.1%	22,6 M €	-13.3%	26 M €	+29.5%	20,1 M €	+154%	7,9 M €
Operating result	-2,2 M €	-262%	-616 k €	-128%	2,2 M €	-65.5%	6,4 M €	-18.4%	7,8 M €	+115%	3,7 M €	-24.9%	4,9 M €	+43.1%	3,4 M €	+140%	-8,4 M €	-182%	10,3 M €	-2.8%	10,6 M €	-6.6%	11,3 M €	-4.5%	11,8 M €	-48.7%	23,1 M €	-19.7%	28,7 M €	+0.5%	28,6 M €	+51.4%	18,9 M €	-14.6%	22,1 M €	+44.0%	15,4 M €	+141%	6,4 M €
Net result	-4,7 M €	-32.6%	-3,5 M €	-90.5%	-1,9 M €	-110%	18,7 M €	-76.2%	78,7 M €	+4344%	1,8 M €	-57.6%	4,2 M €	+15.7%	3,6 M €	-47.1%	6,8 M €	+1.4%	6,7 M €	-8.8%	7,4 M €	-4.6%	7,7 M €	-14.3%	9 M €	-41.3%	15,4 M €	-10.9%	17,2 M €	-11.1%	19,4 M €	+90.4%	10,2 M €	-58.0%	24,3 M €	-25.4%	32,5 M €	-4.6%	34,1 M €
Balance sheet
Equity	121,3 M €	-6.7%	130 M €	-7.8%	141 M €	-10.5%	157,4 M €	+225%	48,4 M €	+113%	22,7 M €	+8.4%	21 M €	+24.8%	16,8 M €	-18.8%	20,7 M €	+15.8%	17,9 M €	+60.3%	11,2 M €	-37.3%	17,8 M €	-26.1%	24 M €	-31.3%	35 M €	-11.7%	39,7 M €	-36.5%	62,4 M €	-19.9%	78 M €	-2.3%	79,8 M €	+43.7%	55,5 M €	+10.0%	50,5 M €
Total assets	180,9 M €	-8.2%	197,1 M €	-9.7%	218,2 M €	-29.7%	310,2 M €	+101%	154,6 M €	-21.2%	196,1 M €	+5.4%	186 M €	+7.1%	173,7 M €	-8.2%	189,2 M €	-1.8%	192,7 M €	+4.3%	184,7 M €	+0.8%	183,2 M €	-4.5%	191,7 M €	-19.7%	238,7 M €	-12.7%	273,3 M €	+10.8%	246,7 M €	+10.3%	223,8 M €	+6.1%	211 M €	-10.8%	236,5 M €	+38.0%	171,4 M €
Cash	8,6 M €	+8410%	101,4 k €	-95.5%	2,3 M €	-91.6%	27,2 M €	+690%	3,5 M €	-63.4%	9,4 M €	+86.5%	5,1 M €	-31.3%	7,4 M €	+202%	2,4 M €	-46.3%	4,5 M €	+52.7%	3 M €	-25.8%	4 M €	-49.1%	7,9 M €	-61.9%	20,6 M €	+223%	6,4 M €	+50.8%	4,2 M €	+70.1%	2,5 M €	+31836%	7,8 k €	-99.8%	3,9 M €	+442%	713,6 k €
Debts	58,2 M €	-11.9%	66,1 M €	-13.3%	76,2 M €	-49.1%	149,7 M €	+44.9%	103,3 M €	-39.2%	170 M €	+4.7%	162,4 M €	+5.1%	154,5 M €	+1.2%	152,6 M €	-12.4%	174,3 M €	+1.0%	172,6 M €	+5.1%	164,3 M €	-1.1%	166,2 M €	-16.8%	199,6 M €	-12.9%	229,2 M €	+26.7%	180,9 M €	+27.0%	142,4 M €	+9.1%	130,5 M €	-26.9%	178,6 M €	+58.2%	112,9 M €
Other
Workforce	394,2 ETP	-5.6%	417,4 ETP	-6.7%	447,3 ETP	+19.2%	375,3 ETP	+1.8%	368,8 ETP	+1.3%	364,0 ETP	-2.1%	371,9 ETP	-2.7%	382,2 ETP	-9.6%	423,0 ETP	-0.9%	426,9 ETP	+1.3%	421,6 ETP	-2.0%	430,3 ETP	+0.0%	430,1 ETP	-9.7%	476,4 ETP	+0.7%	473,1 ETP	+4.8%	451,6 ETP	+5.3%	429,0 ETP	-1.9%	437,3 ETP	-2.2%	447,2 ETP	+9.2%	409,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 79 ended

Active mandates

Christian VAN THILLO

Director · since 11 octobre 2023 · until 20 avril 2029

Active

Alexandre HURBAIN

Director · since 21 avril 2023 · until 20 avril 2029

Active

Dirk LODEWYCKX

Director · since 21 avril 2023 · until 20 avril 2029

Active

Eric MALRAIN

Director · since 21 avril 2023 · until 20 avril 2029

Active

Bernard MARCHANT

Director · since 31 mars 2022 · until 20 avril 2029

Active

Erik RODDENHOF

Director · since 31 mars 2022 · until 20 avril 2029

Active

Piet VROMAN

Director · since 31 mars 2022 · until 20 avril 2029

Active

Thierry HUGOT

Director · since 31 mars 2022 · until 20 avril 2029

Active

Ended mandates

Eric MALRAIN

Director · since 21 avril 2023 · until 19 avril 2024

Ended

FROM THE FACTORY

Director · since 29 juin 2022 · until 15 avril 2023 · 0784.913.211

Represented by Philippe DELUSINNE

Ended

Alexandre HURBAIN

Director · since 31 mars 2022 · until 10 juin 2022

Ended

Bernard MARCHANT

Director · since 31 mars 2022 · until 21 avril 2028

Ended

At this address

Other companies at this address

Company	CBE no.
AUDIOPRESSE● Active	0427.115.150
CARAFINANCE● Active	0893.660.505
CONTRASTE EUROPE● Active	0451.992.086
EDITIONS CARAMEL● Active	0451.104.636
Medianext● Active	0818.657.333
THE DIGITAL JOURNEY● Active	0680.497.758
TV Belgium● Active	0648.783.807

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/05/2026	16/05/2025	21/05/2024	08/11/2023	10/05/2022	22/06/2021
General meeting	17/04/2026	18/04/2025	19/04/2024	21/04/2023	30/03/2022	11/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full modelCorrection	31/12/2025	17/04/2026	08/05/2026	French	PDF
Full model	31/12/2025	17/04/2026	07/05/2026	French	PDF
Full model	31/12/2024	18/04/2025	16/05/2025	French	PDF
Full model	31/12/2023	19/04/2024	21/05/2024	French	PDF
Full modelCorrection	31/12/2022	21/04/2023	08/11/2023	French	PDF
Full model	31/12/2022	21/04/2023	26/06/2023	French	PDF
Full model	31/12/2021	30/03/2022	10/05/2022	French	PDF
Full model	31/12/2020	11/05/2021	22/06/2021	French	PDF
Full model	31/12/2019	30/06/2020	30/07/2020	French	PDF
Full model	31/12/2018	14/05/2019	26/06/2019	French	PDF
Full model	31/12/2017	15/06/2018	25/06/2018	French	PDF
Full model	31/12/2016	09/05/2017	29/06/2017	French	PDF
Full model	31/12/2015	10/05/2016	29/06/2016	French	PDF
Full model	31/12/2014	12/05/2015	25/06/2015	French	PDF
Full model	31/12/2013	13/05/2014	25/06/2014	French	PDF
Full model	31/12/2012	14/05/2013	21/06/2013	French	PDF
Full model	31/12/2011	08/05/2012	27/06/2012	French	PDF
Full model	31/12/2010	10/05/2011	24/06/2011	French	PDF
Full model	31/12/2009	11/05/2010	28/06/2010	French	PDF
Full model	31/12/2008	12/05/2009	30/06/2009	French	PDF
Full model	31/12/2007	13/05/2008	29/05/2008	French	PDF
Full model	31/12/2006	08/05/2007	20/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 79 ended

Active mandates

Christian VAN THILLO

Director · since 11 octobre 2023 · until 20 avril 2029

Active

Alexandre HURBAIN

Director · since 21 avril 2023 · until 20 avril 2029

Active

Dirk LODEWYCKX

Director · since 21 avril 2023 · until 20 avril 2029

Active

Eric MALRAIN

Director · since 21 avril 2023 · until 20 avril 2029

Active

Bernard MARCHANT

Director · since 31 mars 2022 · until 20 avril 2029

Active

Erik RODDENHOF

Director · since 31 mars 2022 · until 20 avril 2029

Active

Piet VROMAN

Director · since 31 mars 2022 · until 20 avril 2029

Active

Thierry HUGOT

Director · since 31 mars 2022 · until 20 avril 2029

Active

Ended mandates

Eric MALRAIN

Director · since 21 avril 2023 · until 19 avril 2024

Ended

FROM THE FACTORY

Director · since 29 juin 2022 · until 15 avril 2023 · 0784.913.211

Represented by Philippe DELUSINNE

Ended

Alexandre HURBAIN

Director · since 31 mars 2022 · until 10 juin 2022

Ended

Bernard MARCHANT

Director · since 31 mars 2022 · until 21 avril 2028

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates21/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates08/02/2024
DEMISSIONS, NOMINATIONS
PDF
Restructuring28/07/2023
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring24/07/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring24/07/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring24/07/2023
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates06/06/2023
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-4,7 M €↓
18/04/2025
nominationGéraldine Stangen — représentant permanent (commissaire)
2024
Annual accounts 2024-3,5 M €↓
19/04/2024
nominationChristian Van Thillo — administrateur
19/04/2024
reconductionEric Malrain — administrateur
19/04/2024
nominationGéraldine Slangen — représentant permanent
2023
Annual accounts 2023-1,9 M €↓
11/10/2023
nominationChristian Van Thillo — administrateur
30/06/2023
autre
30/06/2023
split
10/06/2023
reconductionBernard Marchant — administrateur
10/06/2023
reconductionThierry Hugot — administrateur
10/06/2023
reconductionErik Roddenhof — administrateur
10/06/2023
reconductionKris Vervaet — administrateur
10/06/2023
reconductionPiet Vroman — administrateur
21/04/2023
nominationEric Malrain — administrateur
21/04/2023
nominationAlexandre Hurbain — administrateur
21/04/2023
nominationDirk Lodewyckx — administrateur
2022
Annual accounts 202218,7 M €↓
11/10/2022
nominationSRL PwC Reviseurs d'Entreprises — commissaire
29/06/2022
nominationFrom the Factory SComm — administrateur
29/06/2022
nominationFrom The Factory — Administrateur
13/06/2022
nominationELEVATE SRL — déléguée à la gestion journalière
31/03/2022
nominationBernard Marchant — administrateur
31/03/2022
nominationThierry Hugot — administrateur
31/03/2022
nominationEric Malrain — administrateur
31/03/2022
nominationAlexandre Hurbain — administrateur
31/03/2022
nominationChristian Van Thillo — administrateur
31/03/2022
nominationErik Roddenhof — administrateur
31/03/2022
nominationKris Vervaet — administrateur
31/03/2022
nominationPiet Vroman — administrateur
31/03/2022
nominationPhilippe Delusinne — administrateur
2021
Annual accounts 202178,7 M €↑
2020
Annual accounts 20201,8 M €↓
2019
Annual accounts 20194,2 M €↑
2018
Annual accounts 20183,6 M €↓
2017
Annual accounts 20176,8 M €↑
2016
Annual accounts 20166,7 M €↓
2015
Annual accounts 20157,4 M €↓
2014
Annual accounts 20147,7 M €↓
2013
Annual accounts 20139 M €↓
2012
Annual accounts 201215,4 M €↓
2011
Annual accounts 201117,2 M €↓
2010
Annual accounts 201019,4 M €↑
2009
Annual accounts 200910,2 M €↓
2008
Annual accounts 200824,3 M €↓
2007
Annual accounts 200732,5 M €↓
2006
Annual accounts 200634,1 M €
04/12/1985
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

RTL BELGIUM

Overview

What does RTL BELGIUM do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline