Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 358.9 to 310.6.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
Telenet Group from Mechelen, company number BE0462925669, closed financial year 2025 with a result of € -133.4 million after tax. For that financial year Telenet Group recorded revenue of € 254.7 million and equity of € 3.1 billion. Compared with financial year 2024, the result moved from € -85.4 million to € -133.4 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 5, 2026.
€ 3.1 billion
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -133.4 million
▼ 56 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.1 billion.
People and assets in 2025
310.6
▼ 18.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 41.7 million
▼ 3% vs 2024
€ 134,400 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.
€ 289,680
▼ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.7 billion
▲ 1% vs 2024
€ 927.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 192.9 million
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 393 days on average.
€ 16.4 million
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 338,345,945 | € 310,205,352 | € 260,369,583 | € 254,684,017 | ▼ 2% |
| Profit after taxes | € -2,519,049,555 | € 1,469,943,912 | € -85,369,704 | € -133,406,723 | ▼ € 48 million |
| Equity | € 1,808,797,260 | € 3,278,741,172 | € 3,193,371,468 | € 3,059,964,744 | ▼ 4% |
| Total debts | € 6,235,317,150 | € 3,861,447,504 | € 4,207,397,462 | € 4,278,415,882 | ▲ 2% |
| Cash | € 32,092 | € 31,647 | - | - | |
| Land & buildings | € 7,483,683 | € 6,437,042 | € 5,410,511 | € 4,393,569 | ▼ 19% |
| Retained profit | € 1,808,726,729 | € 3,278,670,641 | € 3,193,300,937 | € 3,059,894,213 | ▼ 4% |
| Bank debt | € 4,760,031,713 | € 3,479,431,235 | € 3,668,906,244 | € 3,708,384,067 | ▲ 1% |
| Balance sheet total | € 8,047,670,162 | € 7,146,668,995 | € 7,410,656,771 | € 7,351,328,309 | ▼ 1% |
| Employees (FTE) | 397.3 | 358.9 | 329.5 | 310.6 | ▼ 18.9 |
Key figures of Telenet 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 Telenet Group?
What happened at Telenet Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bart van Sprundel stepped down as director. NBB
- Silvia Brady stepped down as director. NBB
- John Clinton Porter II stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 133.4 million. filed late Source: NBB ↗
- Bart van Sprundel became a director. NBB
- Dieter Nieuwdorp stepped down as director. NBB
- Jeroen Bronselaer stepped down as director. NBB
- Benedikte Paulissen stepped down as director. NBB
In short
From € 2.5 billion loss in 2022 to € 133.4 million loss in 2025.
Paid € 2.6 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.5 billion profit.
Management
The stake of TELENET GROUP HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Telenet GroupThe shares are held by TELENET GROUP HOLDING (100%). It owns 100% of The Park Entertainment, 100% of Play Media, 100% of Telenet, 100% of Connectify, 100% of Woestijnvis and 50% of Streamz itself.
Directors
According to the 2025 annual accounts
Bart van Sprundel
Director
Also active at: TELENET, TELENET GROUP HOLDING, Wyre Holding, Wyre, Telenet Retail, Blossom Energy
since 2026 · until 2032
John Clinton Porter II
Director
since 2022 · until 2028
Dieter Nieuwdorp
Director
Also active at: Vlaams Netwerk van Ondernemingen, TELENET VLAANDEREN, TELENET, Telenet Retail
since 2022 · until 2026
Jeroen Bronselaer
Director
since 2022 · until 2026
since 2023 · until 2026
since 2026 · until 2032
Shareholders
Participations
100%
100%
100%
100%
50%
26.6%
24.9%
12.2%
Establishments
Establishment units
Physical locations of this company
Liersesteenweg 4
2800 Mechelen
Molenveldstraat 7
2630 Aartselaar
Active since 1 April 1998
Familie Van Rysselberghedreef 2
9000 Gent
Active since 16 February 2016
Liersesteenweg(MeSK) 4
2800 Mechelen
Active since 1 August 2016
Lozenberg 9
1932 Zaventem
Active since 5 May 2019
Sluisweg 1 box 12
9000 Gent
Active since 14 May 2019
Koralenhoeve 15
2160 Wommelgem
Active since 5 May 2019
Ambachtenstraat 33
8870 Izegem
Active since 1 March 2020
Leuvensesteenweg 643
1930 Zaventem
Active since 8 January 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Instelling voor bedrijfspensioenvoorziening Telenet
Telenet
Telenet Retail same network
€ 77.5 million revenue · 2025
Blossom Energy same network
€ -1.7 million gross margin · 2025
Telenet Holdco I
+1 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
- 0462.925.669
- VAT number
- BE 0462.925.669
- Registered office
- Liersesteenweg 4, 2800 Mechelen
- Names & denominations
- Telenet Group · BASE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 March 1998
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet
Telecommunicatie
Draadloze telecommunicatie