BOUWTOPPER
ActiveSummary
The computed 12-month bankruptcy probability of BOUWTOPPER is 6.9% (elevated). For BOUWTOPPER, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show negative equity (-€5,812) and a net result of -€7,704. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 7963 sector peers (fiscal year 2022). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability0▼-22
Solvency0▼-33
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
6.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · 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 2022Solvency, return and age of the figures
Solvency
-41.9%
Return on assets
-55.5%
Age of the figures
45 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline30-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 02-11-2023, 94 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
94 d late
2021
303 d late
2020
26 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 135 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Equity
-€5,812
2021 · €1,892
Total assets
€13,873▼ 40.4%
2021 · €23,282
Net result
-€7,704▼ 429%
2021 · -€1,457
Working capital
-€5,812
2021 · €1,892
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result-€2,461--€625▲ 74.6%-€1,509▼ 141%-€7,860▼ 421%
Net result-€2,461--€390within the sector's middle half▲ 84.2%-€1,457below the sector's middle half▼ 274%-€7,704below the sector's middle half▼ 429%
Equity€3,739-€3,349below the sector's middle half▼ 10.4%€1,892below the sector's middle half▼ 43.5%-€5,812below the sector's middle half
Total assets€4,099-€4,310below the sector's middle half▲ 5.2%€23,282below the sector's middle half▲ 440%€13,873below the sector's middle half▼ 40.4%
Debt€360-€961▲ 167%€21,390▲ 2,125%€19,685▼ 8.0%
Working capital€3,739-€3,349within the sector's middle half▼ 10.4%€1,892within the sector's middle half▼ 43.5%-€5,812below the sector's middle half
Solvency8.1%below the sector's middle half-41.9%below the sector's middle half▼ 50.0pp
Current ratio1.09within the sector's middle half0.70below the sector's middle half▼ 0.38
Return on assets (ROA)-6.3%below the sector's middle half-55.5%below the sector's middle half▼ 49.3pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,860 in 2022 against €1,509 in 2021; the loss grows and 2022 has the lowest result in the available series.
Key figures and ratios
Debt to equity
-3.39▼
2021 · 11.31
Debt ≤ 1 year
€19,685▼
2021 · €21,390
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €101 | €480 | ▲ 375% |
| Gross operating margin9900 | -€2,333 | -€441 | -€1,408 | -€7,381 | ▼ 424% |
| Operating profit (loss)9901 | -€2,461 | -€625 | -€1,509 | -€7,860 | ▼ 421% |
| Financial income75/76B | - | - | €172 | €278 | ▲ 61.7% |
| Recurring financial income75 | - | €296 | €172 | €278 | ▲ 61.7% |
| Financial charges65/66B | - | - | €120 | €122 | ▲ 1.2% |
| Recurring financial charges65 | - | €61 | €120 | €122 | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | -€2,461 | -€390 | -€1,457 | -€7,704 | ▼ 429% |
| Profit (loss) for the period9904 | -€2,461 | -€390 | -€1,457 | -€7,704 | ▼ 429% |
| Profit (loss) for the period to be appropriated9905 | -€2,461 | -€390 | -€1,457 | -€7,704 | ▼ 429% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €4,099 | €4,310 | €23,282 | €13,873 | ▼ 40.4% |
| Current assets29/58 | €4,099 | €4,310 | €23,282 | €13,873 | ▼ 40.4% |
| Amounts receivable within one year40/41 | €2,169 | €4,310 | €23,233 | €12,346 | ▼ 46.9% |
| Trade receivables40 | - | - | €19,822 | - | - |
| Other amounts receivable41 | - | - | €3,411 | €12,346 | ▲ 262% |
| Cash at bank and in hand54/58 | €1,930 | - | €49 | €1,527 | ▲ 3,031% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €4,099 | €4,310 | €23,282 | €13,873 | ▼ 40.4% |
| Equity10/15 | €3,739 | €3,349 | €1,892 | -€5,812 | ▼ 407% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | €6,200 | - | - |
| Issued capital100 | - | - | €6,200 | - | - |
| Outside capital11 | - | - | - | €6,200 | - |
| Other1109/19 | - | - | - | €6,200 | - |
| Profit (loss) carried forward14 | -€2,461 | -€2,851 | -€4,308 | -€12,012 | ▼ 179% |
| Amounts payable17/49 | €360 | €961 | €21,390 | €19,685 | ▼ 8.0% |
| Amounts payable within one year42/48 | €360 | €961 | €21,390 | €19,685 | ▼ 8.0% |
| Trade debts44 | €360 | €944 | €20,793 | €19,685 | ▼ 5.3% |
| Suppliers440/4 | - | - | €20,793 | €19,685 | ▼ 5.3% |
| Taxes, remuneration and social security45 | - | - | €597 | - | - |
| Taxes450/3 | - | - | €597 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,461 | -€390 | -€1,457 | -€7,704 | ▼ 429% |
| Operating cash flow (approximation) | -€2,461 | -€390 | -€1,457 | -€7,704 | ▼ 429% |
| Change in cash | - | - | - | €1,478 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
23-07
State Gazette act
Resignation: Ermagan Sebah (director)Director discharge · Share transfer · Shareholding7 facts ▸
State Gazette act
Resignation: Ermagan Sebah (director)
Director discharge · Share transfer · Shareholding7 facts ▸
- General meeting, 31-12-2025
- Director resignation, Ermagan Sebah (director)
- Director discharge, Ermagan Sebah (director)
- Share transfer, Ermagan Sebah → Kuren Bayram
- Shareholding, 31-12-2025, acties
- Shareholding, 31-12-2025, acties
- Director in office, Kuren Bayram (director)
2023
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 94 days late
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 303 days late
2022
31-12
Financial
Weakest financial yearnet -€7,704
Net result drops to -€7,704, the lowest in the series.
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2019
Ground area
261 m²
Building footprint
205 m²
Volume, LiDAR
1,077 m³
2 parcels, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oude Liersebaan 12, 2800 Mechelen
since 20192.284.205.884
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12409D0235/00K002 | Flanders | 148 m² | 1 · 126 m² | 7.2 m · 2 fl. |
| 12402B0265/00L000 | Flanders | 113 m² | 1 · 79 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Ermagan Sebah |
|
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 23-07-2026 ↗
- Kuren Bayram 100% of the shares
- Ermagan Sebah 0% of the shares
Share transfer
act of 23-07-2026 ↗
- Ermagan Sebah to Kuren Bayram all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMechelen2.284.205.884
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Of 29,766 companies in sector 41001 we hold annual accounts for 16,055. 3,198 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Not found in the Peppol register
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.