ACTIVE

TELEVIC RAIL

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Financial year 2025 · closed on 31/12/2025

Net result

4,9 M €

+120.3% YoY

Revenue

56,1 M €

+36.3% YoY

Equity

29,9 M €

+19.5% YoY

Workforce

135,4 ETP

+5.5% YoY

What does TELEVIC RAIL do?

TELEVIC RAIL is a Public limited company incorporated in 2010. 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

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
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 €	+43.1%	24,7 M €	-9.0%	27,2 M €	-25.7%	36,6 M €	+6.6%	34,3 M €	+15.1%	29,8 M €	+47.2%	20,2 M €	+55.2%	13 M €	+7.0%	12,2 M €	+33.2%	9,2 M €	+11.1%	8,2 M €
EBITDA	7,9 M €	+112%	3,7 M €	+264%	-2,3 M €	-1364%	179,8 k €	-92.9%	2,5 M €	+12.0%	2,2 M €	+24.4%	1,8 M €	-54.6%	4 M €	+6.0%	3,8 M €	-10.9%	4,2 M €	+71.8%	2,4 M €	+206%	799,9 k €	+71.5%	466,3 k €	-38.3%	755,5 k €	+459%	135 k €
Operating result	6 M €	+118%	2,7 M €	+216%	-2,4 M €	-3416%	-67,3 k €	-103%	2 M €	-0.7%	2 M €	+27.0%	1,5 M €	-58.8%	3,8 M €	+5.2%	3,6 M €	-11.7%	4 M €	+76.0%	2,3 M €	+232%	692,1 k €	+84.0%	376,1 k €	-47.4%	714,4 k €	+586%	104,1 k €
Net result	4,9 M €	+120%	2,2 M €	+177%	-2,9 M €	-248%	1,9 M €	-48.3%	3,7 M €	+205%	1,2 M €	-15.8%	1,5 M €	-57.3%	3,4 M €	+32.5%	2,6 M €	-25.3%	3,5 M €	+136%	1,5 M €	+132%	631,8 k €	+85.5%	340,6 k €	-52.1%	711,7 k €	+416%	138 k €
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 €	+37.4%	10 M €	+14.0%	8,8 M €	-33.1%	13,1 M €	+27.4%	10,3 M €	+28.4%	8 M €	+55.3%	5,2 M €	+26.0%	4,1 M €	+10.3%	3,7 M €	+2.5%	3,6 M €	+20.3%	3 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 €	+3.8%	53,3 M €	+3.6%	51,5 M €	+102%	25,5 M €	+9.7%	23,2 M €	+18.3%	19,6 M €	+32.4%	14,8 M €	+51.9%	9,8 M €	+26.0%	7,7 M €	+4.4%	7,4 M €	+35.5%	5,5 M €
Cash	4,7 M €	-7.3%	5,1 M €	-9.0%	5,6 M €	+23.6%	4,6 M €	+492%	769,6 k €	-69.9%	2,6 M €	+54.0%	1,7 M €	-78.4%	7,7 M €	+5.1%	7,3 M €	+114%	3,4 M €	+1642%	196,6 k €	-76.5%	838,4 k €	-5.7%	889,1 k €	+70.7%	520,9 k €	+5.8%	492,6 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 €	-6.0%	40,7 M €	+3.2%	39,4 M €	+349%	8,8 M €	-9.5%	9,7 M €	+9.5%	8,9 M €	+10.0%	8,1 M €	+72.5%	4,7 M €	+52.7%	3,1 M €	+6.9%	2,9 M €	+81.6%	1,6 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	-6.3%	71,2 ETP	-23.5%	93,1 ETP	+3.2%	90,2 ETP	+13.6%	79,4 ETP	+16.6%	68,1 ETP	+18.8%	57,3 ETP	+6.3%	53,9 ETP	-0.6%	54,2 ETP	+11.1%	48,8 ETP	+0.8%	48,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 20 ended

Active mandates

3TEC

Managing director · since 18 juin 2021 · until 29 juin 2027 · 0729.566.001

Represented by Thomas Verstraeten

Active

KORDAN

Managing director · since 18 juin 2021 · until 29 juin 2027 · 0729.908.964

Represented by Lieven Danneels

Active

Ended mandates

3TEC

Director · since 18 juin 2021 · until 28 mai 2027 · 0729.566.001

Represented by Thomas Verstraeten

Ended

3TEC

Managing director · since 18 juin 2021 · until 18 juin 2027 · 0729.566.001

Represented by Thomas Vertraeten

Ended

KORDAN

Director · since 18 juin 2021 · until 28 mai 2027 · 0729.908.964

Represented by Lieven Danneels

Ended

KORDAN

Managing director · since 18 juin 2021 · until 18 juin 2027 · 0729.908.964

Represented by Lieven Danneels

Ended

At this address

Other companies at this address

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

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	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

Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

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

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 20 ended

Active mandates

3TEC

Managing director · since 18 juin 2021 · until 29 juin 2027 · 0729.566.001

Represented by Thomas Verstraeten

Active

KORDAN

Managing director · since 18 juin 2021 · until 29 juin 2027 · 0729.908.964

Represented by Lieven Danneels

Active

Ended mandates

3TEC

Director · since 18 juin 2021 · until 28 mai 2027 · 0729.566.001

Represented by Thomas Verstraeten

Ended

3TEC

Managing director · since 18 juin 2021 · until 18 juin 2027 · 0729.566.001

Represented by Thomas Vertraeten

Ended

KORDAN

Director · since 18 juin 2021 · until 28 mai 2027 · 0729.908.964

Represented by Lieven Danneels

Ended

KORDAN

Managing director · since 18 juin 2021 · until 18 juin 2027 · 0729.908.964

Represented by Lieven Danneels

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

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

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

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

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

TELEVIC RAIL

Overview

What does TELEVIC RAIL do?

Trend over 15 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