ACTIVE

TELS QUELS

Financial year 2025 · Closed on 31/12/2025

Net result17,4 k €+16,3 %over 1 year
Gross margin751,6 k €+2,1 %over 1 year
Equity66,6 k €+35,3 %over 1 year
Workforce9,3 ETP-5,1 %over 1 year

Identity

Source · BCE/KBO

TELS QUELS is a Non-profit organization incorporated in 1984. Its registered office is in Bruxelles. It employs on average 9,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0429.897.169
Incorporation
18/09/1984
Legal form
Non-profit organization
Registered office
Place de la Liberté 4
1000 Bruxelles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
9,3 ETP
Joint committees (1)
  • 32902
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20252024202320222021
Income statement
Gross margin751,6 k €736,4 k €681,4 k €605,7 k €496,1 k €
EBITDA19,4 k €20,7 k €29,9 k €16,8 k €30,1 k €
Operating result18,5 k €16,1 k €19,6 k €7,3 k €7,1 k €
Net result17,4 k €14,9 k €18,4 k €4,5 k €4,5 k €
Balance sheet
Equity66,6 k €49,2 k €34,3 k €17,6 k €14,9 k €
Total assets206,9 k €183,3 k €181,9 k €171,8 k €127,2 k €
Cash102,1 k €53,6 k €84 k €47,5 k €8,4 k €
Debts124,6 k €126,1 k €96,7 k €119,7 k €93,5 k €
Other
Workforce9,3 ETP9,8 ETP10,3 ETP8,5 ETP8,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 86 ended

Active mandates

Tinaïg RUDOLPH

Director · since 18 juin 2025 · until 18 juin 2028

Active
David DUBOIS

Director · since 19 juin 2024 · until 19 juin 2027

Active
Danielle DELANDE

Director · since 26 juin 2018 · until 19 juin 2027

Active
Denise CULLUS

Vice-chairman of the board of directors · since 26 juin 2018 · until 19 juin 2027

Active
Michel VERBRUGGEN

Chairman of the board of directors · since 26 juin 2018 · until 19 juin 2027

Active
VANBEGGELAER Patrick

Director · since 26 juin 2018 · until 19 juin 2027

Active
Anne DE MACAR

Director · since 22 juin 2016 · until 23 juin 2025

Active
Sebastien BERTRAND

Director · since 21 mai 2014 · until 29 juin 2026

Active
Pierre MOTTET

Vice-chairman of the board of directors · since 26 juin 2011 · until 29 juin 2026

Active

Ended mandates

Danielle DELANDE

Director · since 26 juin 2018 · until 25 juin 2021

Ended
Danielle DELANDE

Director · since 26 juin 2018 · until 16 juin 2024

Ended
Denise CULLUS

Vice-chairman of the board of directors · since 26 juin 2018 · until 25 juin 2021

Ended
Denise CULLUS

Vice-chairman of the board of directors · since 26 juin 2018 · until 16 juin 2024

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/06/202619/06/202520/06/202421/06/202323/06/202218/06/2021
General meeting15/06/202618/06/202519/06/202421/06/202322/06/202216/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202515/06/202616/06/2026FrenchPDF
Abridged model31/12/202418/06/202519/06/2025FrenchPDF
Abridged model31/12/202319/06/202420/06/2024FrenchPDF
Abridged model31/12/202221/06/202321/06/2023FrenchPDF
Abridged model31/12/202122/06/202223/06/2022FrenchPDF
Abridged model31/12/202016/06/202118/06/2021FrenchPDF
Abridged model31/12/201929/06/202012/09/2020FrenchPDF
Abridged model31/12/201824/06/201924/06/2019FrenchPDF
Abridged model31/12/201726/06/201826/06/2018FrenchPDF
Abridged model31/12/201621/06/201721/06/2017FrenchPDF
Abridged model31/12/201522/06/201627/06/2016FrenchPDF
Abridged model31/12/201428/06/201529/06/2015FrenchPDF
Abridged model31/12/201321/05/201403/06/2014FrenchPDF
Abridged model31/12/201225/06/201303/07/2013FrenchPDF
Abridged model31/12/201107/07/201206/08/2012FrenchPDF
Abridged model31/12/201026/06/201129/07/2011FrenchPDF
Abridged model31/12/200927/06/201004/07/2010FrenchPDF
Abridged model31/12/200821/06/200926/08/2009FrenchPDF
Abridged model31/12/200730/06/200817/09/2008FrenchPDF
Abridged model31/12/200629/05/200720/07/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 86 ended

Active mandates

Tinaïg RUDOLPH

Director · since 18 juin 2025 · until 18 juin 2028

Active
David DUBOIS

Director · since 19 juin 2024 · until 19 juin 2027

Active
Danielle DELANDE

Director · since 26 juin 2018 · until 19 juin 2027

Active
Denise CULLUS

Vice-chairman of the board of directors · since 26 juin 2018 · until 19 juin 2027

Active
Michel VERBRUGGEN

Chairman of the board of directors · since 26 juin 2018 · until 19 juin 2027

Active
VANBEGGELAER Patrick

Director · since 26 juin 2018 · until 19 juin 2027

Active
Anne DE MACAR

Director · since 22 juin 2016 · until 23 juin 2025

Active
Sebastien BERTRAND

Director · since 21 mai 2014 · until 29 juin 2026

Active
Pierre MOTTET

Vice-chairman of the board of directors · since 26 juin 2011 · until 29 juin 2026

Active

Ended mandates

Danielle DELANDE

Director · since 26 juin 2018 · until 25 juin 2021

Ended
Danielle DELANDE

Director · since 26 juin 2018 · until 16 juin 2024

Ended
Denise CULLUS

Vice-chairman of the board of directors · since 26 juin 2018 · until 25 juin 2021

Ended
Denise CULLUS

Vice-chairman of the board of directors · since 26 juin 2018 · until 16 juin 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates16/09/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/09/2026
    Nominations et réélections des membres du conseil d'administration
    PDF
  • Mandates07/01/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/08/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/08/2023
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates08/12/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/03/2020
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202517,4 k €↑
  2. 2024
    Annual accounts 202414,9 k €↓
  3. 2023
    Annual accounts 202318,4 k €↑
  4. 2022
    Annual accounts 20224,5 k €↓
  5. 2022
    Name changeTELS QUESL
  6. 2021
    Annual accounts 20214,5 k €↑
  7. 2021
    Name changeTELS QUELS
  8. 2020
    Annual accounts 20201,4 k €↑
  9. 2019
    Annual accounts 201966,5 €↓
  10. 2018
    Annual accounts 20181,8 k €↓
  11. 2017
    Annual accounts 20172,8 k €↑
  12. 2016
    Annual accounts 2016735,2 €↑
  13. 2015
    Annual accounts 2015-20,2 k €↓
  14. 2013
    Annual accounts 2013851,8 €↑
  15. 2012
    Annual accounts 2012-1,7 k €↓
  16. 2011
    Annual accounts 201112 k €↑
  17. 2010
    Annual accounts 2010-4,8 k €↓
  18. 2009
    Annual accounts 2009732 €↓
  19. 2008
    Annual accounts 20085,2 k €↑
  20. 2007
    Annual accounts 20071,4 k €
  21. 18/09/1984
    IncorporationNon-profit organization