NSTELECOM
0843.256.335 · rovalta.com · 22/09/2026
ACTIVE
NSTELECOM
Financial year 2025 · closed on 31/12/2025
Net result
406 k €
+268.2% YoY
Revenue
4,7 M €
+43.1% YoY
Equity
903,6 k €
+81.6% YoY
Overview
What does NSTELECOM do?
NSTELECOM is a Private limited company incorporated in 2012. Its registered office is in Liège.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0843.256.335
Incorporation
31/01/2012
Legal form
Private limited company
Registered office
Rue du Vallon 40 box 11
4031 Liège · WallonieSee on map
4031 Liège · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 14 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||
| Revenue | 4,7 M € | +43.1% | 3,3 M € | – | – | – | 776,8 k € | – | – | – | 207 k € | -12.2% | 235,6 k € | +26.4% | 186,4 k € | +10.8% | 168,2 k € | +63.4% | 102,9 k € | ||||||||
| EBITDA | 745,6 k € | +132% | 321,4 k € | +74.8% | 183,9 k € | +26.5% | 145,4 k € | +111% | 69 k € | -56.2% | 157,4 k € | +366% | 33,8 k € | -46.2% | 62,8 k € | +19.2% | 52,7 k € | +49.3% | 35,3 k € | -49.4% | 69,8 k € | +223% | 21,6 k € | -0.1% | 21,6 k € | -36.4% | 34 k € |
| Operating result | 623,5 k € | +249% | 178,5 k € | +86.2% | 95,9 k € | +12.4% | 85,3 k € | +311% | 20,7 k € | -81.3% | 110,6 k € | +2246% | 4,7 k € | -86.5% | 35 k € | -22.2% | 45 k € | +70.5% | 26,4 k € | -56.8% | 61,1 k € | +333% | 14,1 k € | +18.4% | 11,9 k € | -53.6% | 25,7 k € |
| Net result | 406 k € | +268% | 110,3 k € | +119% | 50,3 k € | -16.2% | 60 k € | +330% | 14 k € | -83.2% | 83 k € | +2857% | 2,8 k € | -87.0% | 21,6 k € | -36.6% | 34,1 k € | +82.6% | 18,7 k € | -60.3% | 47 k € | +522% | 7,6 k € | -12.0% | 8,6 k € | -55.3% | 19,2 k € |
| Balance sheet | |||||||||||||||||||||||||||
| Equity | 903,6 k € | +81.6% | 497,6 k € | +28.5% | 387,3 k € | +14.9% | 337 k € | +21.7% | 277 k € | +5.3% | 263,1 k € | +45.2% | 181,2 k € | +1.6% | 178,3 k € | +13.8% | 156,7 k € | +27.8% | 122,6 k € | +18.0% | 104 k € | +150% | 41,6 k € | +22.2% | 34 k € | +33.8% | 25,4 k € |
| Total assets | 2,8 M € | +65.1% | 1,7 M € | +31.7% | 1,3 M € | +62.5% | 784,2 k € | +37.1% | 571,9 k € | +2.0% | 560,7 k € | +65.0% | 339,7 k € | -2.9% | 349,9 k € | +47.4% | 237,5 k € | +35.1% | 175,8 k € | +18.1% | 148,8 k € | +122% | 67,1 k € | -9.6% | 74,2 k € | +10.6% | 67,1 k € |
| Cash | 516,1 k € | +45.0% | 356 k € | +17.9% | 301,9 k € | +28.1% | 235,7 k € | +55.8% | 151,3 k € | +24.9% | 121,1 k € | +272% | 32,6 k € | +45.6% | 22,4 k € | -64.1% | 62,3 k € | -10.6% | 69,7 k € | +99.8% | 34,9 k € | +196% | 11,8 k € | +4.2% | 11,3 k € | -56.9% | 26,2 k € |
| Debts | 1,9 M € | +58.1% | 1,2 M € | +33.2% | 886,8 k € | +98.3% | 447,2 k € | +51.7% | 294,8 k € | -0.9% | 297,6 k € | +87.6% | 158,6 k € | -7.6% | 171,6 k € | +113% | 80,7 k € | +51.8% | 53,2 k € | +18.5% | 44,9 k € | +76.1% | 25,5 k € | -36.6% | 40,2 k € | -3.6% | 41,7 k € |
| Other | |||||||||||||||||||||||||||
| Workforce | – | – | 26,3 ETP | +39.9% | 18,8 ETP | – | – | – | – | – | – | – | 0,9 ETP | – | – | ||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2022 · 1 active
Active mandates
Anas Boujouf
ActiveFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Abridged model | Abridged model | Abridged model | Micro 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 | 31/08/2026 | 28/07/2025 | 28/08/2024 | 02/12/2024 | 02/12/2022 | 18/11/2021 |
| General meeting | 28/08/2026 | 29/05/2025 | 30/05/2024 | 25/05/2023 | 31/05/2022 | 27/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
16 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 28/08/2026 | 31/08/2026 | French | |
| Micro modelCorrection | 31/12/2024 | 29/05/2025 | 28/07/2025 | French | |
| Micro model | 31/12/2024 | 29/05/2025 | 24/07/2025 | French | |
| Abridged model | 31/12/2023 | 30/05/2024 | 28/08/2024 | French | |
| Abridged modelCorrection | 31/12/2022 | 25/05/2023 | 02/12/2024 | French | |
| Abridged model | 31/12/2022 | 29/06/2023 | 31/08/2023 | French | |
| Abridged model | 31/12/2021 | 31/05/2022 | 02/12/2022 | French | |
| Micro model | 31/12/2020 | 27/05/2021 | 18/11/2021 | French | |
| Micro model | 31/12/2019 | 28/05/2020 | 16/01/2021 | French | |
| Micro model | 31/12/2018 | 30/05/2019 | 30/09/2019 | French | |
| Micro model | 31/12/2017 | 28/06/2018 | 30/08/2018 | French | |
| Micro model | 31/12/2016 | 29/06/2017 | 06/02/2018 | French | |
| Abridged model | 31/12/2015 | 26/05/2016 | 29/08/2016 | French | |
| Abridged model | 31/12/2014 | 28/05/2015 | 26/08/2015 | French | |
| Abridged model | 31/12/2013 | 29/05/2014 | 31/08/2014 | French | |
| Abridged model | 31/12/2012 | 30/06/2013 | 25/09/2013 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2022 · 1 active
Active mandates
Anas Boujouf
ActiveShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025406 k €↑
- 2024Annual accounts 2024110,3 k €↑
- 2024Name changeNS TELECOM
- 2023Annual accounts 202350,3 k €↓
- 2022Annual accounts 202260 k €↑
- 2021Annual accounts 202114 k €↓
- 2021Name changeNSTELECOM
- 2020Annual accounts 202083 k €↑
- 2019Annual accounts 20192,8 k €↓
- 2018Annual accounts 201821,6 k €↓
- 2017Annual accounts 201734,1 k €↑
- 2016Annual accounts 201618,7 k €↓
- 2015Annual accounts 201547 k €↑
- 2014Annual accounts 20147,6 k €↓
- 2013Annual accounts 20138,6 k €↓
- 2012Annual accounts 201219,2 k €
- 31/01/2012IncorporationPrivate limited company