ACTIVE

TELCO

Financial year 2025 · closed on 31/12/2025
Net result
1,5 M €
+250.9% YoY
Gross margin
1 M €
-12.0% YoY
Equity
3,5 M €
+49.9% YoY
Workforce
5,7 ETP
+11.8% YoY

What does TELCO do?

TELCO is a Public limited company incorporated in 2000. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Gent. It employs on average 5,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0473.623.977
Incorporation
27/12/2000
Legal form
Public limited company
Registered office
Coupure 55
9000 Gent · FlandreSee on map
Contributed capital
2 204 818,02 €
Latest accounts
31/12/2025
Average workforce
5,7 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin1 M €1,2 M €884,1 k €640,7 k €797,2 k €793,2 k €580,6 k €663,3 k €555,1 k €654,9 k €462,7 k €660,2 k €578,9 k €715,6 k €819,2 k €596,3 k €519,4 k €485,5 k €450,4 k €508 k €
EBITDA591,7 k €739,5 k €428,7 k €230,9 k €307,5 k €398,5 k €203,7 k €213,7 k €166,6 k €300,4 k €99,8 k €320,7 k €283 k €404 k €545,4 k €328,1 k €251,8 k €212,5 k €256,6 k €345,1 k €
Operating result208,2 k €301,4 k €-4,5 k €-191,1 k €-47,6 k €117,8 k €-31,1 k €117,4 k €-16,3 k €94,5 k €-112,6 k €112,9 k €110,2 k €223,5 k €368 k €174 k €117 k €9 k €66 k €157,6 k €
Net result1,5 M €421 k €-46,9 k €-218,2 k €112,5 k €51,1 k €1,5 M €74 k €-11,9 k €94,9 k €-99,8 k €84,9 k €99,8 k €157,9 k €258,9 k €171,8 k €87,8 k €-8,9 k €2,3 k €65,3 k €
Balance sheet
Equity3,5 M €2,3 M €1,8 M €1,8 M €2 M €1,9 M €1,9 M €1,8 M €1,3 M €1,3 M €1,8 M €1,9 M €1,8 M €1,7 M €1,6 M €1,3 M €1,2 M €1,1 M €1,1 M €6,3 k €
Total assets5,6 M €5,7 M €5,7 M €5,7 M €6 M €5,6 M €6,6 M €4,1 M €2,1 M €2,1 M €2,1 M €2,2 M €2,3 M €2,2 M €2,1 M €1,9 M €1,9 M €2 M €1,9 M €2 M €
Cash26,8 k €4,9 k €46 k €5 k €14,9 k €26 k €44,7 k €50 k €75,1 k €53,8 k €346,2 k €501,5 k €442,6 k €610,5 k €340,5 k €292,3 k €305 k €95,9 k €112,2 k €63 k €
Debts2,1 M €3,3 M €4 M €3,9 M €4 M €3,6 M €4,7 M €2,3 M €733 k €706,5 k €245,6 k €272,6 k €422,9 k €388,6 k €484,2 k €518,3 k €575,3 k €799,7 k €696,8 k €1,9 M €
Other
Workforce5,7 ETP5,1 ETP5,8 ETP5,8 ETP5,9 ETP6,0 ETP5,9 ETP6,5 ETP5,9 ETP5,7 ETP6,2 ETP6,1 ETP5,4 ETP5,4 ETP5,4 ETP5,7 ETP5,6 ETP5,4 ETP4,8 ETP3,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 22 ended

Active mandates

CAD Architecten en Planners

Managing director · since 26 août 2024 · until 10 juin 2030 · 0811.197.835

Represented by Sébastien Cools

Active
COMIVIGO

Director · since 26 août 2024 · until 10 juin 2030 · 0876.915.929

Represented by Michelle Bouquet

Active

Ended mandates

CAD Architecten en Planners

Managing director · since 29 juin 2020 · until 08 juin 2026 · 0811.197.835

Represented by Sébastien Cools

Ended
COMIVIGO

Director · since 29 juin 2020 · until 08 juin 2026 · 0876.915.929

Represented by Michelle Bouquet

Ended
COMIVIGO

Director · since 23 avril 2018 · until 12 juin 2023 · 0876.915.929

Represented by Michelle Bouquet

Ended
COMIVIGO

Director · since 23 avril 2018 · until 12 juin 2023 · 0876.915.929

Represented by Michelle Bouquet

Ended
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Annual accounts

Full financial information

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 date24/06/202631/07/202518/06/202431/07/202312/07/202205/07/2021
General meeting08/06/202630/06/202510/06/202430/06/202313/06/202214/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202508/06/202624/06/2026DutchPDF
Abridged model31/12/202430/06/202531/07/2025DutchPDF
Abridged model31/12/202310/06/202418/06/2024DutchPDF
Abridged model31/12/202230/06/202331/07/2023DutchPDF
Abridged model31/12/202113/06/202212/07/2022DutchPDF
Abridged model31/12/202014/06/202105/07/2021DutchPDF
Abridged model31/12/201929/06/202025/07/2020DutchPDF
Abridged model31/12/201828/06/201925/07/2019DutchPDF
Abridged model31/12/201711/06/201828/06/2018DutchPDF
Abridged model31/12/201612/06/201706/07/2017DutchPDF
Abridged model31/12/201513/06/201605/07/2016DutchPDF
Abridged model31/12/201408/06/201522/06/2015DutchPDF
Abridged model31/12/201310/06/201401/07/2014DutchPDF
Abridged model31/12/201210/06/201304/07/2013DutchPDF
Abridged model31/12/201111/06/201230/07/2012DutchPDF
Abridged model31/12/201014/06/201105/09/2011DutchPDF
Abridged model31/12/200914/06/201012/07/2010DutchPDF
Abridged model31/12/200808/06/200914/07/2009DutchPDF
Abridged model31/12/200730/06/200827/10/2008DutchPDF
Abridged model31/12/200630/06/200727/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 active · 22 ended

Active mandates

CAD Architecten en Planners

Managing director · since 26 août 2024 · until 10 juin 2030 · 0811.197.835

Represented by Sébastien Cools

Active
COMIVIGO

Director · since 26 août 2024 · until 10 juin 2030 · 0876.915.929

Represented by Michelle Bouquet

Active

Ended mandates

CAD Architecten en Planners

Managing director · since 29 juin 2020 · until 08 juin 2026 · 0811.197.835

Represented by Sébastien Cools

Ended
COMIVIGO

Director · since 29 juin 2020 · until 08 juin 2026 · 0876.915.929

Represented by Michelle Bouquet

Ended
COMIVIGO

Director · since 23 avril 2018 · until 12 juin 2023 · 0876.915.929

Represented by Michelle Bouquet

Ended
COMIVIGO

Director · since 23 avril 2018 · until 12 juin 2023 · 0876.915.929

Represented by Michelle Bouquet

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/09/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other29/06/2018
    DIVERSEN
    PDF
  • Capital / shares14/06/2018
    KAPITAAL - AANDELEN
    PDF
  • Restructuring07/05/2018
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates07/05/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring16/02/2018
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates15/12/2015
    MAATSCHAPPELIJKE ZETEL - 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

Timeline

  1. 2025
    Annual accounts 20251,5 M €
  2. 2024
    Annual accounts 2024421 k €
  3. 2023
    Annual accounts 2023-46,9 k €
  4. 2022
    Annual accounts 2022-218,2 k €
  5. 2021
    Annual accounts 2021112,5 k €
  6. 2020
    Annual accounts 202051,1 k €
  7. 2019
    Annual accounts 20191,5 M €
  8. 2018
    Annual accounts 201874 k €
  9. 2017
    Annual accounts 2017-11,9 k €
  10. 2016
    Annual accounts 201694,9 k €
  11. 2015
    Annual accounts 2015-99,8 k €
  12. 2014
    Annual accounts 201484,9 k €
  13. 2013
    Annual accounts 201399,8 k €
  14. 2012
    Annual accounts 2012157,9 k €
  15. 2011
    Annual accounts 2011258,9 k €
  16. 2010
    Annual accounts 2010171,8 k €
  17. 2009
    Annual accounts 200987,8 k €
  18. 2008
    Annual accounts 2008-8,9 k €
  19. 2007
    Annual accounts 20072,3 k €
  20. 2006
    Annual accounts 200665,3 k €
  21. 27/12/2000
    IncorporationPublic limited company