ACTIVE

TELEVIC RAIL

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Financial year 2025 · Closed on 31/12/2025

Net result4,9 M €+120,3 %over 1 year

Revenue56,1 M €+36,3 %over 1 year

Equity29,9 M €+19,5 %over 1 year

Workforce135,4 ETP+5,5 %over 1 year

Identity

Source · BCE/KBO

TELEVIC RAIL is a Public limited company incorporated in 2010. Its main activity is: Manufacture of communication equipment. Its registered office is in Izegem. It employs on average 135,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0825.539.581
Incorporation: 29/04/2010
Legal form: Public limited company
Registered office: Leo Bekaertlaan 1
8870 Izegem · FlandreSee on map
Contributed capital: 10 550 000,00 €
Latest accounts: 31/12/2025
Average workforce: 135,4 ETP

Activities (NACE)

26300Manufacture of communication equipment· main 26300Manufacture of communication equipment 46500Wholesale of information and communication equipment 46520Wholesale of electronic and telecommunications equipment and parts 27900Manufacture of other electrical equipment 27900Manufacture of other electrical equipment+6

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 16 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	56,1 M €	+36.3%	41,1 M €	+26.9%	32,4 M €	-18.1%	39,5 M €	+11.6%	35,4 M €
EBITDA	7,9 M €	+112%	3,7 M €	+264%	-2,3 M €	-1364%	179,8 k €	-92.9%	2,5 M €
Operating result	6 M €	+118%	2,7 M €	+216%	-2,4 M €	-3416%	-67,3 k €	-103%	2 M €
Net result	4,9 M €	+120%	2,2 M €	+177%	-2,9 M €	-248%	1,9 M €	-48.3%	3,7 M €
Balance sheet
Equity	29,9 M €	+19.5%	25 M €	+9.7%	22,8 M €	+45.5%	15,7 M €	+14.1%	13,7 M €
Total assets	71,3 M €	+4.2%	68,4 M €	+15.8%	59,1 M €	+2.0%	57,9 M €	+4.7%	55,3 M €
Cash	4,7 M €	-7.3%	5,1 M €	-9.0%	5,6 M €	+23.6%	4,6 M €	+492%	769,6 k €
Debts	36,3 M €	-8.0%	39,5 M €	+19.4%	33,1 M €	-14.5%	38,7 M €	+1.1%	38,2 M €
Other
Workforce	135,4 ETP	+5.5%	128,3 ETP	+62.6%	78,9 ETP	+14.0%	69,2 ETP	+3.7%	66,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
3TEC0729.566.001Represented by Thomas Verstraeten	Managing director25/07/2019 → 29/06/2027Director18/06/2021 → 2021 accountsended
KORDAN0729.908.964Represented by Lieven Danneels	Managing director25/07/2019 → 29/06/2027Director18/06/2021 → 2021 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Daninvest NV0464.456.289Represented by Lieven Danneels	Director27/06/2015 → 25/07/2019Managing director27/06/2015 → 2018 accounts

Other companies at this address

Leo Bekaertlaan 1 8870 Izegem

Company	CBE no.
ASEM● Active	0653.781.681
Conference Rental Alliance● Active	1015.700.460
DANVER● Active	0737.989.955
Esprit ICT Healthcare Belgium● Active	0825.537.306
IMMOMANDEL● Active	0847.021.618
IMMOMANDEL KENNEDY● Active	0786.925.168
TELEVIC● Active	0825.535.920
TELEVIC EDUCATION● Active	0405.314.795
TELEVIC GROUP● Active	0402.757.955
TIFS● Active	0831.204.480

Full financial information

Source · NBB

	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	15/06/2026	10/07/2025	18/07/2024	13/07/2023	15/07/2022	14/07/2021
General meeting	05/06/2026	13/06/2025	21/06/2024	23/06/2023	24/06/2022	18/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 16 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	15/06/2026	Dutch	PDF
Full model	31/12/2024	13/06/2025	10/07/2025	Dutch	PDF
Full model	31/12/2023	21/06/2024	18/07/2024	Dutch	PDF
Full model	31/12/2022	23/06/2023	13/07/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	15/07/2022	Dutch	PDF
Full model	31/12/2020	18/06/2021	14/07/2021	Dutch	PDF
Full model	31/12/2019	21/08/2020	24/09/2020	Dutch	PDF
Full model	31/12/2018	29/03/2019	26/04/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	25/06/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	26/07/2016	24/08/2016	Dutch	PDF
Full model	31/12/2014	27/06/2015	23/07/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	25/07/2014	Dutch	PDF
Full model	31/12/2012	22/06/2013	19/07/2013	Dutch	PDF
Full model	31/12/2011	28/06/2012	11/07/2012	Dutch	PDF
Full model	31/12/2010	23/05/2011	22/06/2011	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
3TEC0729.566.001Represented by Thomas Verstraeten	Managing director25/07/2019 → 29/06/2027Director18/06/2021 → 2021 accountsended
KORDAN0729.908.964Represented by Lieven Danneels	Managing director25/07/2019 → 29/06/2027Director18/06/2021 → 2021 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Daninvest NV0464.456.289Represented by Lieven Danneels	Director27/06/2015 → 25/07/2019Managing director27/06/2015 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates16/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/12/2021
KAPITAAL - AANDELEN
PDF
Mandates13/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/11/2019
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings15 filings

Mandates

3TEC

KORDAN

Vertec NV

Daninvest NV

201020112012201320142015201620172018201920202021202220232024202520262027

TELEVIC RAIL

Leo Bekaertlaan 1, 8870 Izegem

Managing director

DirectorManaging director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Leo Bekaertlaan 1, 8870 IzegemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00165800

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
TELEVIC RAILCurrent	accounts 2011 → 2025	Accounts 2025 · 2026-00165800

Events

2025
Annual accounts 20254,9 M €↑
2024
Annual accounts 20242,2 M €↑
2023
Annual accounts 2023-2,9 M €↓
2022
Annual accounts 20221,9 M €↓
01/01/2022
reconductionVandelanotte bedrijfsrevisoren CVBA · commissaris
2021
Annual accounts 20213,7 M €↑
2020
Annual accounts 20201,2 M €↓
2019
Annual accounts 20191,5 M €↓
2018
Annual accounts 20183,4 M €↑
2017
Annual accounts 20172,6 M €↓
2016
Annual accounts 20163,5 M €↑
2015
Annual accounts 20151,5 M €↑
2014
Annual accounts 2014631,8 k €↑
2013
Annual accounts 2013340,6 k €↓
2012
Annual accounts 2012711,7 k €↑
2011
Annual accounts 2011138 k €
29/04/2010
IncorporationPublic limited company

TELEVIC RAIL

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events