ACTIVE

Belgium Tower Partners

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Financial year 2025 · Closed on 31/12/2025

Net result3,3 M €+4,6 %over 1 year
Revenue73,5 M €+5,8 %over 1 year
Equity69,4 M €+5,0 %over 1 year
Workforce8,2 ETP-16,3 %over 1 year

Identity

Source · BCE/KBO

Belgium Tower Partners is a Public limited company incorporated in 2022. Its main activity is: Wired telecommunications activities. Its registered office is in Machelen (Brab.). It employs on average 8,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0783.543.729
Incorporation
17/03/2022
Legal form
Public limited company
Registered office
Culliganlaan 2C
1831 Machelen (Brab.) · FlandreSee on map
Contributed capital
62 468,75 €
Latest accounts
31/12/2025
Average workforce
8,2 ETP
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 4 filings

Trend over 4 financial years

2025202420232022
Income statement
Revenue73,5 M €69,5 M €64,7 M €37,1 M €
EBITDA10,8 M €11,3 M €10,1 M €6,7 M €
Operating result4,4 M €3,7 M €3,3 M €6,9 M €
Net result3,3 M €3,2 M €3 M €6,8 M €
Balance sheet
Equity69,4 M €66,1 M €63 M €60 M €
Total assets134,4 M €113,8 M €99,7 M €86,2 M €
Cash8,2 M €12,4 M €1,9 M €6,8 M €
Debts46,4 M €28,2 M €20,6 M €11,3 M €
Other
Workforce8,2 ETP9,8 ETP5,9 ETP0,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 9 ended

Active mandates

Steven Sonnenstein

Director · since 25 mars 2025 · until 25 mars 2031

Active
Jeffrey GINSBERG

Director · since 30 janvier 2025 · until 30 janvier 2031

Active
Pascale Labrecque

Director · since 01 février 2024 · until 30 avril 2030

Active

Ended mandates

Jacky Wu

Director · since 01 juin 2022 · until 26 avril 2028

Ended
Jacky WU

Director · since 01 juin 2022 · until 30 janvier 2025

Ended
James Burke

Director · since 01 juin 2022 · until 01 février 2024

Ended
James Burke

Director · since 01 juin 2022 · until 26 avril 2028

Ended

Other companies at this address

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1017.903.647
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Full financial information

Source · NBB
2025202420232022
Type of accountFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202317/03/2022
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months10 months
Filing date22/05/202623/05/202506/05/202421/06/2023
General meeting29/04/202630/04/202508/04/202409/06/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 4 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202529/04/202622/05/2026DutchPDF
Full model31/12/202430/04/202523/05/2025DutchPDF
Full model31/12/202308/04/202406/05/2024DutchPDF
Full model31/12/202209/06/202321/06/2023DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 9 ended

Active mandates

Steven Sonnenstein

Director · since 25 mars 2025 · until 25 mars 2031

Active
Jeffrey GINSBERG

Director · since 30 janvier 2025 · until 30 janvier 2031

Active
Pascale Labrecque

Director · since 01 février 2024 · until 30 avril 2030

Active

Ended mandates

Jacky Wu

Director · since 01 juin 2022 · until 26 avril 2028

Ended
Jacky WU

Director · since 01 juin 2022 · until 30 janvier 2025

Ended
James Burke

Director · since 01 juin 2022 · until 01 février 2024

Ended
James Burke

Director · since 01 juin 2022 · until 26 avril 2028

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates25/08/2026
    Ontslag bestuurder, volmacht
    PDF
  • Mandates24/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office09/06/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares23/01/2023
    KAPITAAL - AANDELEN
    PDF
  • Mandates30/06/2022
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring28/06/2022
    BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    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 20253,3 M €↑
  2. 30/04/2025
    reconductionEY Bedrijfsrevisoren — commissaris
  3. 25/03/2025
    nominationSteven Sonnenstein — bestuurder
  4. 30/01/2025
    nominationJeffrey Ginsberg — bestuurder
  5. 2024
    Annual accounts 20243,2 M €↑
  6. 01/02/2024
    nominationPascale Labrecque — bestuurder
  7. 2023
    Annual accounts 20233 M €↓
  8. 2022
    Annual accounts 20226,8 M €
  9. 01/06/2022
    nominationJames Burke — bestuurder
  10. 01/06/2022
    nominationJacky Wu — bestuurder
  11. 01/06/2022
    nominationMatthew Evans — bestuurder
  12. 17/03/2022
    IncorporationPublic limited company