2 THE TOP

Non-profit associationfounded 201411 yrs activeSchijfstraat 40, 1020 Brussel, BelgiumKBO/BCE: BE 0505.996.540

Summary

2 THE TOP has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2017 annual accounts show equity of €7,283 and a net result of €704. Equity is growing by ~28.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysis Watch Report Compare

2 THE TOPActive

Risk analysis Report Compare

Checked score

No current score

Figures too old

The available figures for FY 2017 are too old to assess current financial health.

Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.

Axes, FY 2017 · tick = 2016

Profitability57▼-11

Solvency100=

Growth78=

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2017

Solvency, return and age of the figures

Solvency

80.1%

Return on assets

7.7%

Age of the figures

105 mo

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

No filing for years

The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 4 filings

Position against the passed deadline

31-12-2018 close31-07-2019 deadline30-09-2026 today

Filed after the deadline

The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 28-08-2018, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

tick = median of all Belgian filings

The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

2 THE TOP was incorporated on 5 December 2014.¹ Total assets rose from EUR 5,928 in 2015 to EUR 9,094 in 2017.²

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Financials · fiscal year 2017, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€704▼ 27.9%

2016 · €976

Working capital

€8,168

2014 · -€197

Trend over the years

In euros Operating result Net result Equity Total assets Debt Working capital

In euros

No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before

favourable unfavourable

Line2014201520162017

Operating result-€197-€5,808€1,001▼ 82.8%€740▼ 26.1%

Net result-€197-€5,800€976▼ 83.2%€704▼ 27.9%

Equity-€197-€5,603€6,579▲ 17.4%€7,283▲ 10.7%

Total assets€670-€5,928▲ 785%€8,129▲ 37.1%€9,094▲ 11.9%

Debt€867-€325▼ 62.5%€1,550▲ 377%€1,810▲ 16.8%

Working capital-€197-€8,168

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2017 is 26% below 2016.

Balance-sheet composition

2017 in colour, 2016 as the grey bar beneath

Assets €9,094

92.7%

Fixed assets €666 ▼ 31.3%

Current assets €8,428 ▲ 17.7%

Equity and liabilities €9,094

80.1%

19.9%

Equity €7,283 ▲ 10.7%

Debt €1,810 ▲ 16.8%

Debt's share of the balance-sheet total rises from 19.1% to 19.9%. Equity and debt are higher.

Key figures and ratios

2017 value · change against 2016

EBITDA

€1,381▼

2016 · €1,529

Cash flow

€1,345▼

2016 · €1,504

Current ratio

32.35

Debt to equity

0.21▼

2016 · 0.24

ROE

9.7%▼

2016 · 14.8%

ROA

7.7%▼

2016 · 12.0%

Debt ≤ 1 year

€261

Debt > 1 year

€1,550=

2016 · €1,550

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2017 against 2016 · 21 lines

Balance sheet Code20162017

Assets

Total assets20/58€8,129€9,094▲

Fixed assets21/28€968€666▼

Tangible fixed assets22/27€968€666▼

Current assets29/58€7,161€8,428▲

Amounts receivable within one year40/41€1,340€1,524▲

Cash at bank and in hand54/58€5,821€6,904▲

Equity and liabilities

Total equity and liabilities10/49€8,129€9,094▲

Equity10/15€6,579€7,283▲

Profit (loss) carried forward14€6,579€7,283▲

Amounts payable17/49€1,550€1,810▲

Amounts payable after more than one year17€1,550€1,550=

Amounts payable within one year42/48-€261

Trade debts44-€261

Income statement Code20162017

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€528€641▲

Gross operating margin9900€2,003€1,654▼

Operating profit (loss)9901€1,001€740▼

Recurring financial income75€0-

Recurring financial charges65€25€36▲

Profit (loss) for the period before taxes9903€976€704▼

Profit (loss) for the period9904€976€704▼

Profit (loss) for the period to be appropriated9905€976€704▼

Line	2014	2015	2016	2017	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	-	€88	€528	€641	▲ 21.3%
Gross operating margin9900	-€46	€5,951	€2,003	€1,654	▼ 17.4%
Operating profit (loss)9901	-€197	€5,808	€1,001	€740	▼ 26.1%
Recurring financial income75	-	-	€0	-	-
Recurring financial charges65	-	€9	€25	€36	▲ 46.3%
Profit (loss) for the period before taxes9903	-€197	€5,800	€976	€704	▼ 27.9%
Profit (loss) for the period9904	-€197	€5,800	€976	€704	▼ 27.9%
Profit (loss) for the period to be appropriated9905	-€197	€5,800	€976	€704	▼ 27.9%

Line	2014	2015	2016	2017	Change
Assets
Total assets20/58	€670	€5,928	€8,129	€9,094	▲ 11.9%
Fixed assets21/28	-	€176	€968	€666	▼ 31.3%
Tangible fixed assets22/27	-	€176	€968	€666	▼ 31.3%
Current assets29/58	€670	€5,752	€7,161	€8,428	▲ 17.7%
Amounts receivable within one year40/41	-	€670	€1,340	€1,524	▲ 13.7%
Cash at bank and in hand54/58	€670	€5,082	€5,821	€6,904	▲ 18.6%
Equity and liabilities
Total equity and liabilities10/49	€670	€5,928	€8,129	€9,094	▲ 11.9%
Equity10/15	-€197	€5,603	€6,579	€7,283	▲ 10.7%
Profit (loss) carried forward14	-€197	€5,603	€6,579	€7,283	▲ 10.7%
Amounts payable17/49	€867	€325	€1,550	€1,810	▲ 16.8%
Amounts payable after more than one year17	-	€325	€1,550	€1,550	=
Amounts payable within one year42/48	€867	-	-	€261	-
Trade debts44	€867	-	-	€261	-

Line	2014	2015	2016	2017	Change
Profit (loss) for the period9904	-€197	€5,800	€976	€704	▼ 27.9%
+ Depreciation and write-downs630	-	€88	€528	€641	▲ 21.3%
Operating cash flow (approximation)	-€197	€5,888	€1,504	€1,345	▼ 10.6%
Investment in fixed assets (approximation)	-	-	-€1,321	-€338	▲ 74.4%
Change in cash	-	€4,412	€739	€1,084	▲ 46.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

2018

28-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 28 days late

2017

28-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 28 days late

2016

29-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 29 days late

29-08

NBB filing Annual accounts filed

fiscal year 2014 · full schema · 395 days late

2015

31-12

Financial Back to profitnet €5,800

Net result €5,800 after one loss-making year.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 3 acts read

About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Brussel

exact location from the address register On OpenStreetMap

Ground area

727 m²

Building footprint

420 m²

Volume, LiDAR

5,875 m³

Parcel 21818A0003/00A054, Brussels · tallest building 16.9 m, ±5 floors. Linked by address, not a title deed.

5 companies at this address See who is registered here

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21818A0003/00A054	Brussels	727 m²	1 · 420 m²	16.9 m · 5 fl.

Linked by address, not proof of ownership

Good to know

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Identification & contact

Identification

Legal formNon-profit association

Founded05-12-2014

Fiscal year end31-12

E-invoicing

Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.