Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
30 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Targa Telematics Belgium from Oudergem, company number BE0426340140, closed financial year 2025 with a result of € -212,838 after tax. For that financial year Targa Telematics Belgium recorded a gross margin of € 1.4 million and equity of € -60,418. Compared with financial year 2024, the result moved from € -327,109 to € -212,838. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 12, 2026.
€ -60,418
▼ € 212,838 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -212,838
▲ 35 % less loss than in 2024
Profit after tax over the fiscal year.
€ 154
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -11.5 million.
People and assets in 2025
€ 1.1 million
▲ 1% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 192,737
▼ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▲ 1% vs 2024
Loans from banks and other lenders, long and short.
€ 682,798
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 239,358
▲ 67% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,588,674 | € 1,628,759 | € 1,443,676 | € 1,370,275 | ▼ 5% |
| Profit after taxes | € -150,622 | € -1,049,031 | € -327,109 | € -212,838 | ▲ € 114,271 |
| Equity | € 1,528,559 | € 479,528 | € 152,420 | € -60,418 | ▼ € 212,838 |
| Total debts | € 1,882,785 | € 2,165,028 | € 2,179,104 | € 2,308,603 | ▲ 6% |
| Cash | € 445 | € 381 | € 154 | € 154 | |
| Retained profit | € -9,959,571 | € -11,008,601 | € -11,335,710 | € -11,548,548 | ▼ € 212,838 |
| Bank debt | € 642,037 | € 1,036,628 | € 1,057,876 | € 1,066,137 | ▲ 1% |
| Balance sheet total | € 3,411,344 | € 2,644,557 | € 2,331,523 | € 2,248,184 | ▼ 4% |
| Employees (FTE) | - | - | 11.4 | - |
Key figures of Targa Telematics Belgium, 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 Targa Telematics Belgium?
What happened at Targa Telematics Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ALBERTO FALCIONE stepped down as director. NBB
- NICOLA DE MATTIA stepped down as director. NBB
- CARLO STEFANELLI stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 212,838. Source: NBB ↗
- ALBERTO FALCIONE became a director. NBB
- NICOLA DE MATTIA became a director. NBB
- CARLO STEFANELLI became a director. NBB
- New establishment in Oudergem. KBO
In short
From € 150,622 loss in 2022 to € 212,838 loss in 2025.
Paid € 12,296 in corporate taxes since 2022.
On average € 126,600 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by VIASAT SPA (100%).
Directors
According to the 2025 annual accounts
ALBERTO FALCIONE
Director
since 2023 · until 2029
NICOLA DE MATTIA
Director
since 2023 · until 2029
CARLO STEFANELLI
Director
since 2023 · until 2029
Shareholders
VIASAT SPA
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gemeenteplein van Oudergem 8
1160 Oudergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 30 companies are registered at this address.
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€ 3 million gross margin · 2025
GREEN STORM
€ 862 gross margin · 2025
+25 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
KELIWEB, IT
Website info
Features
Security
Details
- Company number
- 0426.340.140
- VAT number
- BE 0426.340.140
- Registered office
- Gemeenteplein van Oudergem 8, 1160 Oudergem
- Names & denominations
- Targa Telematics Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 July 1984
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- viasatconnect.be
- Activities · NACE
Telecommunicatie
Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet
Draadloze telecommunicatie