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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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
TELEVIC RAIL from Izegem, company number BE0825539581, closed financial year 2025 with a result of € 4.9 million after tax. For that financial year TELEVIC RAIL recorded revenue of € 56.1 million and equity of € 29.9 million. Compared with financial year 2024, the result moved from € 2.2 million to € 4.9 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 15, 2026.
€ 29.9 million
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.9 million
▲ 120% vs 2024
Profit after tax over the fiscal year.
€ 4.7 million
▼ 7% 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 € 19.4 million.
People and assets in 2025
135.4
▲ 7.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 12.1 million
▲ 9% vs 2024
€ 89,700 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.
€ 1.9 million
▲ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7 million
▼ 49% vs 2024
€ 3 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 8.5 million
▲ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 81 days on average.
€ 2.4 million
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 39,547,996 | € 32,408,454 | € 41,142,329 | € 56,077,704 | ▲ 36% |
| Profit after taxes | € 1,931,171 | € -2,865,227 | € 2,219,965 | € 4,890,375 | ▲ 120% |
| Equity | € 15,665,609 | € 22,800,381 | € 25,020,346 | € 29,910,721 | ▲ 20% |
| Total debts | € 39,465,131 | € 33,673,521 | € 40,194,013 | € 36,802,091 | ▼ 8% |
| Cash | € 4,552,625 | € 5,628,295 | € 5,122,156 | € 4,747,361 | ▼ 7% |
| Retained profit | € 15,115,609 | € 12,250,381 | € 14,470,346 | € 19,360,721 | ▲ 34% |
| Bank debt | € 29,182,530 | € 12,500,000 | € 13,750,000 | € 7,000,000 | ▼ 49% |
| Balance sheet total | € 57,904,390 | € 59,085,701 | € 68,399,144 | € 71,280,504 | ▲ 4% |
| Employees (FTE) | 69.2 | 78.9 | 128.3 | 135.4 | ▲ 7.1 |
Key figures of TELEVIC RAIL, 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 RAIL?
What happened at TELEVIC RAIL 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 € 4.9 million (▲ 120% vs 2024). Source: NBB ↗
- 3TEC NV became a director. NBB
- Kordan BV became a director. NBB
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.9 million profit in 2022 to € 4.9 million profit in 2025.
Paid € 353,931 in corporate taxes since 2022.
Best year ever: 2025, with € 4.9 million profit.
Pays suppliers within 81 days on average.
A new publication or filing at TELEVIC RAIL? We notify you, reason included.
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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 stake of DANVER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TELEVIC RAILThe shares are held by DANVER (100%). It owns 100% of Televic US Corp and 100% of Televic Rail GmbH itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Thomas Verstraeten
Also active at: TELEVIC GROUP, TELEVIC EDUCATION, ASEM, DANVER, TELEVIC, TELEVIC HEALTHCARE SOLUTIONS
since 2021 · until 2027
Managing director · represented by Lieven Danneels
Also active at: TELEVIC GROUP, TELEVIC EDUCATION, ASEM, DANVER, Solhyd, TELEVIC, TELEVIC HEALTHCARE SOLUTIONS
since 2021 · until 2027
Shareholders
100%
Participations
Televic US Corp
100%
Televic Rail GmbH
100%
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 GROUP same network
€ 5.4 million revenue · 2025
TELEVIC EDUCATION same network
€ 3 million gross margin · 2025
ASEM same network
DANVER same network
IMMOMANDEL KENNEDY
€ 272,302 gross margin · 2025
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Domain
Domain
televic-rail.com
Registered
2009-07-07
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-07-07
Website info
Features
Details
- Company number
- 0825.539.581
- VAT number
- BE 0825.539.581
- Registered office
- Leo Bekaertlaan 1, 8870 Izegem
- Names & denominations
- TELEVIC RAIL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 April 2010
- Peppol
- Not registered
- Contact
- televic-rail.com
- Activities · NACE
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