ACTIVE

TELENET

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Financial year 2025 · closed on 31/12/2025

Net result

5,6 M €

+117.9% YoY

Revenue

2,1 Md €

-1.1% YoY

Equity

2,7 Md €

+0.2% YoY

Workforce

2 475,5 ETP

-4.8% YoY

What does TELENET do?

TELENET is a Private limited company incorporated in 2000. Its registered office is in Mechelen. It employs on average 2 475,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.416.418

Incorporation

04/12/2000

Legal form

Private limited company

Registered office

Liersesteenweg(MeSK) 4
2800 Mechelen · FlandreSee on map

Contributed capital

49 127 227,65 €

Latest accounts

31/12/2025

Average workforce

2 475,5 ETP

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2009		2008		2007		2006
Income statement
Revenue	2,1 Md €	-1.1%	2,1 Md €	-2.0%	2,2 Md €	+1.2%	2,2 Md €	+1.5%	2,1 Md €	+3.6%	2,1 Md €	+5.0%	2 Md €	+0.0%	2 Md €	-2.3%	2 Md €	+3.6%	1,9 Md €	+4.2%	1,8 Md €	+4.8%	1,8 Md €	+7.8%	1,6 Md €	+11.1%	1,5 Md €	+2474%	57,2 M €		–		–		–
EBITDA	424,4 M €	-7.2%	457,3 M €	-29.6%	650,1 M €	-27.8%	899,9 M €	+0.2%	897,9 M €	-2.3%	919,1 M €	+2.4%	897,1 M €	+6.0%	846,2 M €	-9.4%	933,8 M €	+19.3%	782,5 M €	-11.2%	881,1 M €	+7.0%	823,5 M €	+26.0%	653,7 M €	-5.8%	694 M €	+1665%	39,3 M €	+21648194%	181,7 €	+100%	-284,3 k €	-22.8%	-231,6 k €
Operating result	54,6 M €	+497%	9,1 M €	-94.9%	177,5 M €	-50.8%	360,8 M €	-3.2%	372,9 M €	-6.6%	399,2 M €	+0.6%	396,6 M €	+4.5%	379,7 M €	-23.4%	495,9 M €	+45.6%	340,7 M €	-23.8%	447,2 M €	+8.7%	411,4 M €	+75.0%	235,1 M €	-4.1%	245,1 M €	+706%	30,4 M €	+16741455%	181,7 €	+100%	-284,3 k €	-12.3%	-253,2 k €
Net result	5,6 M €	+118%	-31,1 M €	-101%	3,8 Md €	+2151%	170 M €	-15.9%	202,3 M €	-13.6%	234,1 M €	+34.5%	174 M €	-6.4%	186 M €	-21.8%	237,9 M €	+107%	115 M €	-18.4%	141 M €	+55.4%	90,7 M €	+154%	35,8 M €	-33.5%	53,8 M €	+76.2%	30,5 M €	+133%	-92,4 M €	+41.0%	-156,4 M €	-1398%	-10,4 M €
Balance sheet
Equity	2,7 Md €	+0.2%	2,7 Md €	-1.1%	2,7 Md €	+258%	761,1 M €	+28.8%	590,9 M €	-3.7%	613,5 M €	+15.6%	530,6 M €	-60.2%	1,3 Md €	+16.2%	1,1 Md €	+26.2%	908,1 M €	+14.5%	793,3 M €	+21.6%	652,5 M €	+16.2%	561,7 M €	+6.8%	525,8 M €	-47.6%	1 Md €	+3.1%	973,3 M €	-8.7%	1,1 Md €	-12.8%	1,2 Md €
Total assets	4,5 Md €	-0.4%	4,5 Md €	+1.5%	4,4 Md €	-0.3%	4,5 Md €	+5.9%	4,2 Md €	+1.1%	4,2 Md €	-3.9%	4,3 Md €	-13.0%	5 Md €	+10.8%	4,5 Md €	+6.8%	4,2 Md €	+7.8%	3,9 Md €	+5.8%	3,7 Md €	+3.7%	3,6 Md €	+5.7%	3,4 Md €	-37.8%	5,4 Md €	+70.4%	3,2 Md €	+5.0%	3 Md €	+39.3%	2,2 Md €
Cash	–		2,3 M €	-25.3%	3,1 M €	-60.4%	7,9 M €	+112%	3,7 M €	+4.3%	3,6 M €	-46.6%	6,7 M €	+223%	2,1 M €	+744%	245,9 k €	-24.0%	323,6 k €	-91.1%	3,6 M €	-91.2%	41,3 M €	+422%	7,9 M €	+45.7%	5,4 M €		–		–		–		–
Debts	1,6 Md €	-3.4%	1,7 Md €	+5.3%	1,6 Md €	-55.3%	3,5 Md €	+3.3%	3,4 Md €	+1.7%	3,3 Md €	-6.5%	3,6 Md €	+4.6%	3,4 Md €	+8.0%	3,2 Md €	+1.1%	3,1 Md €	+8.0%	2,9 Md €	+4.0%	2,8 Md €	+2.0%	2,7 Md €	+3.1%	2,6 Md €	-39.6%	4,4 Md €	+99.1%	2,2 Md €	+12.5%	2 Md €	+106%	948,6 M €
Other
Workforce	2 475,5 ETP	-4.8%	2 599,6 ETP	+0.5%	2 587,2 ETP	-0.1%	2 588,5 ETP	+3.1%	2 511,0 ETP	+3.1%	2 435,2 ETP	+22.0%	1 996,5 ETP	-4.7%	2 094,6 ETP	-8.7%	2 294,2 ETP	+2.1%	2 247,4 ETP	+2.2%	2 198,9 ETP	+2.0%	2 156,3 ETP	+3.6%	2 081,8 ETP	+2.6%	2 028,8 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 84 ended

Active mandates

Bart van Sprundel

Director · since 27 février 2026 · until 27 février 2030

Active

Silvia Brady

Director · since 27 février 2026 · until 27 février 2030

Active

Geert Degezelle

Director · since 01 janvier 2023 · until 01 septembre 2028

Active

Peter Willekens

Director · since 27 avril 2022 · until 08 avril 2025

Active

Dieter Nieuwdorp

Director · since 01 décembre 2018 · until 27 février 2026

Active

John Clinton II Porter

Director · since 27 avril 2017 · until 01 septembre 2028

Active

Ended mandates

Geert Degezelle

Director · since 01 janvier 2023

Ended

Peter Willekens

Director · since 27 avril 2022 · until 01 septembre 2028

Ended

Peter Willekens

Director · since 27 avril 2022

Ended

BACOM

Manager · since 29 avril 2020 · 0681.533.678

Represented by Bart Colson

Ended

At this address

Other companies at this address

Company	CBE no.
BTW-GROEP TELENET● Active	0811.328.190
TELENET GROUP HOLDING● Active	0477.702.333
Telenet Holdco II● Active	1040.617.681

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	24/07/2026	23/05/2025	16/05/2024	17/05/2023	03/04/2023	25/05/2021
General meeting	29/06/2026	30/04/2025	24/04/2024	26/04/2023	27/04/2022	28/04/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/06/2026	24/07/2026	Dutch	PDF
Full model	31/12/2024	30/04/2025	23/05/2025	Dutch	PDF
Full model	31/12/2023	24/04/2024	16/05/2024	Dutch	PDF
Full model	31/12/2022	26/04/2023	17/05/2023	Dutch	PDF
Full modelCorrection	31/12/2021	27/04/2022	03/04/2023	Dutch	PDF
Full model	31/12/2021	27/04/2022	19/05/2022	Dutch	PDF
Full model	31/12/2020	28/04/2021	25/05/2021	Dutch	PDF
Full model	31/12/2019	29/04/2020	25/05/2020	Dutch	PDF
Full model	31/12/2018	24/04/2019	27/05/2019	Dutch	PDF
Full model	31/12/2017	25/04/2018	16/05/2018	Dutch	PDF
Full model	31/12/2016	26/04/2017	18/05/2017	Dutch	PDF
Full model	31/12/2015	27/04/2016	20/05/2016	Dutch	PDF
Full model	31/12/2014	29/04/2015	21/05/2015	Dutch	PDF
Full model	31/12/2013	30/04/2014	13/05/2014	Dutch	PDF
Full model	31/12/2012	24/04/2013	21/05/2013	Dutch	PDF
Full model	31/12/2011	25/04/2012	24/05/2012	Dutch	PDF
Full model	31/12/2010	27/04/2011	26/05/2011	Dutch	PDF
Full model	31/12/2009	28/04/2010	26/05/2010	Dutch	PDF
Full model	31/12/2008	28/05/2009	10/06/2009	Dutch	PDF
Full model	31/12/2007	29/05/2008	25/06/2008	Dutch	PDF
Full model	31/12/2006	31/05/2007	26/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 1.000 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 · 6 active · 84 ended

Active mandates

Bart van Sprundel

Director · since 27 février 2026 · until 27 février 2030

Active

Silvia Brady

Director · since 27 février 2026 · until 27 février 2030

Active

Geert Degezelle

Director · since 01 janvier 2023 · until 01 septembre 2028

Active

Peter Willekens

Director · since 27 avril 2022 · until 08 avril 2025

Active

Dieter Nieuwdorp

Director · since 01 décembre 2018 · until 27 février 2026

Active

John Clinton II Porter

Director · since 27 avril 2017 · until 01 septembre 2028

Active

Ended mandates

Geert Degezelle

Director · since 01 janvier 2023

Ended

Peter Willekens

Director · since 27 avril 2022 · until 01 septembre 2028

Ended

Peter Willekens

Director · since 27 avril 2022

Ended

BACOM

Manager · since 29 avril 2020 · 0681.533.678

Represented by Bart Colson

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other27/08/2026
Delegatie van bevoegdheden, volmacht
PDF
Mandates20/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/02/2026
KAPITAAL - AANDELEN
PDF
Other08/08/2025
DIVERSEN
PDF
Mandates24/04/2025
ONTSLAGEN - BENOEMINGEN
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

27/02/2026
nominationSilvia Brady — bestuurder
27/02/2026
nominationBart van Sprundel — bestuurder
01/01/2026
nominationJohn PORTER — Chief Executive Officer
2025
Annual accounts 20255,6 M €↑
12/12/2025
cession
2024
Annual accounts 2024-31,1 M €↓
01/09/2024
reconductionJohn Porter — bestuurder
01/09/2024
reconductionDieter Nieuwdorp — bestuurder
01/09/2024
reconductionGeert Degezelle — bestuurder
01/09/2024
reconductionPeter Willekens — bestuurder
2023
Annual accounts 20233,8 Md €↑
26/04/2023
reconductionGötwin Jackers — vaste vertegenwoordiger (commissaris)
01/01/2023
nominationGeert Degezelle — bestuurder
2022
Annual accounts 2022170 M €↓
27/04/2022
nominationPeter Willekens — bestuurder
2021
Annual accounts 2021202,3 M €↓
2020
Annual accounts 2020234,1 M €↑
2019
Annual accounts 2019174 M €↓
2018
Annual accounts 2018186 M €↓
2017
Annual accounts 2017237,9 M €↑
2016
Annual accounts 2016115 M €↓
2015
Annual accounts 2015141 M €↑
2014
Annual accounts 201490,7 M €↑
2013
Annual accounts 201335,8 M €↓
2012
Annual accounts 201253,8 M €↑
2012
Name changeTelenet
2009
Annual accounts 200930,5 M €↑
2008
Annual accounts 2008-92,4 M €↑
2007
Annual accounts 2007-156,4 M €↓
2006
Annual accounts 2006-10,4 M €
2006
Name changeTELENET BIDCO
04/12/2000
IncorporationPrivate 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

TELENET

Overview

What does TELENET do?

Trend over 18 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