Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 65.8 to 5.6.
-
Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TELEVIC GROUP from Izegem, company number BE0402757955, closed financial year 2025 with a result of € 3.1 million after tax. For that financial year TELEVIC GROUP recorded revenue of € 5.4 million and equity of € 24.7 million. Compared with financial year 2024, the result moved from € 3 million to € 3.1 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 24.7 million
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.1 million
▲ 2% vs 2024
Profit after tax over the fiscal year.
€ 6.9 million
▲ 104% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 19.3 million.
People and assets in 2025
5.6
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 834,353
▼ 1% vs 2024
€ 149,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 162,798
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.6 million
Loans from banks and other lenders, long and short.
€ 842,538
▼ 80% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 46 days on average.
€ 279,524
▲ 25% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,353,606 | € 10,476,270 | € 16,385,444 | € 5,380,752 | ▼ 67% |
| Profit after taxes | € 1,207,279 | € 1,336,601 | € 3,010,692 | € 3,073,459 | ▲ 2% |
| Equity | € 24,274,032 | € 18,610,633 | € 21,621,324 | € 24,694,784 | ▲ 14% |
| Total debts | € 3,506,248 | € 13,363,989 | € 7,970,522 | € 3,266,634 | ▼ 59% |
| Cash | € 8,844,426 | - | € 3,404,654 | € 6,945,748 | ▲ 104% |
| Land & buildings | € 129,896 | € 3,043,606 | € 2,821,256 | € 2,598,907 | ▼ 8% |
| Retained profit | € 18,874,032 | € 13,210,633 | € 16,221,324 | € 19,294,784 | ▲ 19% |
| Dividend | € 0 | € 7,000,000 | € 0 | € 0 | |
| Bank debt | € 0 | € 6,760,423 | € 1,550,000 | € 1,550,000 | |
| Balance sheet total | € 27,790,280 | € 31,984,622 | € 29,591,846 | € 27,961,418 | ▼ 6% |
| Employees (FTE) | 69.9 | 65.8 | 6.4 | 5.6 | ▼ 0.8 |
Key figures of TELEVIC GROUP, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TELEVIC GROUP?
What happened at TELEVIC GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- 3TEC NV stepped down as director. NBB
- Kordan BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.1 million (▲ 2% vs 2024). Source: NBB ↗
- 3TEC NV became a director. NBB
- Kordan BV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Izegem. KBO
In short
From € 1.2 million profit in 2022 to € 3.1 million profit in 2025.
Paid € 1.4 million in corporate taxes since 2022.
Best year ever: 2025, with € 3.1 million profit.
Paid out € 7 million in dividends to the owners in total.
Management
The stake of DANVER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TELEVIC GROUPThe shares are held by DANVER (100%). It owns 100% of Televic Bulgarije LTD, 100% of Televic Education, 100% of Televic EURL, 100% of Televic UK Limited, 100% of Televic Asia Co. LTD and 50% of KAT LTD itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Thomas Verstraeten
Also active at: TELEVIC EDUCATION, ASEM, DANVER, TELEVIC, TELEVIC HEALTHCARE SOLUTIONS, TELEVIC RAIL
since 2021 · until 2027
Managing director · represented by Lieven Danneels
Also active at: TELEVIC EDUCATION, ASEM, DANVER, Solhyd, TELEVIC, TELEVIC HEALTHCARE SOLUTIONS, TELEVIC RAIL
since 2021 · until 2027
Shareholders
100%
Participations
Televic Bulgarije LTD
100%
100%
Televic EURL
100%
Televic UK Limited
100%
Televic Asia Co. LTD
100%
KAT LTD
50%
Establishments
Establishment units
Physical locations of this company
Leo Bekaertlaan 1
8870 Izegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →TELEVIC EDUCATION same network
€ 3 million gross margin · 2025
ASEM same network
DANVER same network
IMMOMANDEL KENNEDY
€ 272,302 gross margin · 2025
TELEVIC same network
€ 63.2 million revenue · 2025
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.757.955
- VAT number
- BE 0402.757.955
- Registered office
- Leo Bekaertlaan 1, 8870 Izegem
- Names & denominations
- TELEVIC GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 September 1946
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van communicatieapparatuur
Vervaardiging van audio- en videoapparatuur
Vervaardiging van consumentenelektronica
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige zakelijke dienstverlening, neg
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Holdings