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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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TELENET GROUP HOLDING from Mechelen, company number BE0477702333, closed financial year 2025 with a result of € -74.3 million after tax. Compared with financial year 2024, the result moved from € -71.5 million to € -74.3 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 July 24, 2026.
€ 1.7 billion
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -74.3 million
▼ 4 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.5 million
▼ 63% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.6 billion.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 2.5 million
▼ 30% vs 2024
€ 2.5 million 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 26,600
▼ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 293 days on average.
€ 5.7 million
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € -1,371,674,170 | € -104,133,997 | € -71,455,354 | € -74,285,121 | ▼ € 2.8 million |
| Equity | € 3,155,623,518 | € 1,869,081,865 | € 1,797,626,511 | € 1,723,341,390 | ▼ 4% |
| Total debts | € 114,201,274 | € 1,216,979,081 | € 1,292,586,607 | € 1,353,668,275 | ▲ 5% |
| Cash | € 10,093,960 | € 12,357,992 | € 4,209,691 | € 1,539,071 | ▼ 63% |
| Retained profit | € 3,062,079,884 | € 1,767,945,887 | € 1,696,490,533 | € 1,622,205,412 | ▼ 4% |
| Dividend | € 108,609,474 | € 1,190,000,000 | € 0 | € 0 | |
| Bank debt | € 1,500,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 3,269,824,792 | € 3,086,060,946 | € 3,090,213,118 | € 3,077,009,665 | |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of TELENET GROUP HOLDING, 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 HOLDING?
What happened at TELENET GROUP HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bart Van Sprundel stepped down as director. NBB
- Emanuel Kohnstamm stepped down as director. NBB
- Jeremy Evans stepped down as director. NBB
- John Clinton II Porter stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 74.3 million. Source: NBB ↗
- Bart Van Sprundel became a director. NBB
- Emanuel Kohnstamm became a director. NBB
- Jeremy Evans became a director. NBB
In short
From € 1.4 billion loss in 2022 to € 74.3 million loss in 2025.
Paid € 1.5 million in corporate taxes since 2022.
Paid out € 1.3 billion in dividends to the owners in total.
Management
The shares are held by Liberty Global Belgium Holding BV (97%) and aandelen Eigen (3%). It owns 100% of Telenet Group NV, 33% of Recneps NV, 11% of Flanders Technology & Innovation BV, 3.5% of Imec.istart Fund NV, 0.4% of Telenet Vlaanderen NV and 0.1% of Telenet Retail BV itself.
Directors
According to the 2025 annual accounts
Bart Van Sprundel
Director
Also active at: Telenet Group, TELENET, Wyre Holding, Wyre, Telenet Retail, Blossom Energy
since 2024 · until 2030
since 2023 · until 2029
Emanuel Kohnstamm
Director
since 2024 · until 2030
Jeremy Evans
Director
since 2024 · until 2030
Shareholders
Liberty Global Belgium Holding BV
97%
aandelen Eigen
3%
Participations
Establishments
Establishment units
Physical locations of this company
Liersesteenweg(MeSK) 4
2800 Mechelen
Liersesteenweg 4
2800 Mechelen
Active since 4 July 2002
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →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
TELENET-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0477.702.333
- VAT number
- BE 0477.702.333
- Registered office
- Liersesteenweg(MeSK) 4, 2800 Mechelen
- Names & denominations
- TELENET GROUP HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 June 2002
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- telenetgroup.be [email protected]
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van uitzendbureaus en andere diensten in verband met personeelsvoorziening
Overige kredietverstrekking n.e.g.
Andere vormen van arbeidsbemiddeling