COMPTA TOP
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 24 filings
Turnover
≈ €110,000
Estimated: probably between €83,000 and €150,000
Total assets
€135,222▲ 17.2%
2024 · €115,419
Net result
€24,063▼ 19.7%
2024 · €29,972
Working capital
€122,011▲ 42.1%
2024 · €85,879
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€48,226
▲ 1.3%
2025
20182025
Net result
€24,063
▼ 19.7%
2025
middle half of the sector
20182025
Equity
€122,353
▲ 24.5%
2025
middle half of the sector
20182025
Total assets
€135,222
▲ 17.2%
2025
middle half of the sector
20182025
Debt
€12,869
▼ 24.9%
2025
20182025
Working capital
€122,011
▲ 42.1%
2025
middle half of the sector
20182025
Solvency
90.5%
▲ 5.3pp
2025
highest quarter of the sector
20182025
Current ratio
10.48
▲ 4.47
2025
highest quarter of the sector
20182025
Return on assets (ROA)
17.8%
▼ 8.2pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€4,565-€26,316€16,842▼ 36.0%€1,278▼ 92.4%€5,891▲ 361%€22,974▲ 290%€47,623▲ 107%€48,226▲ 1.3%
Net result-€2,309-€18,085€7,652within the sector's middle half▼ 57.7%€50below the sector's middle half▼ 99.3%€722below the sector's middle half▲ 14×€12,641within the sector's middle half▲ 18×€29,972within the sector's middle half▲ 137%€24,063within the sector's middle half▼ 19.7%
Equity€29,167-€47,252▲ 62.0%€54,905within the sector's middle half▲ 16.2%€54,955within the sector's middle half▲ 0.1%€55,677within the sector's middle half▲ 1.3%€68,318within the sector's middle half▲ 22.7%€98,290within the sector's middle half▲ 43.9%€122,353within the sector's middle half▲ 24.5%
Total assets€66,468-€93,720▲ 41.0%€97,959below the sector's middle half▲ 4.5%€97,591below the sector's middle half▼ 0.4%€103,471within the sector's middle half▲ 6.0%€124,705within the sector's middle half▲ 20.5%€115,419within the sector's middle half▼ 7.4%€135,222within the sector's middle half▲ 17.2%
Debt€37,301-€46,468▲ 24.6%€43,054▼ 7.3%€42,636▼ 1.0%€47,794▲ 12.1%€56,387▲ 18.0%€17,129▼ 69.6%€12,869▼ 24.9%
Working capital€53,527-€78,323▲ 46.3%€85,695within the sector's middle half▲ 9.4%€86,208within the sector's middle half▲ 0.6%€87,177within the sector's middle half▲ 1.1%€89,576within the sector's middle half▲ 2.8%€85,879within the sector's middle half▼ 4.1%€122,011within the sector's middle half▲ 42.1%
Solvency43.9%-50.4%▲ 6.5pp56.0%within the sector's middle half▲ 5.6pp56.3%within the sector's middle half▲ 0.3pp53.8%within the sector's middle half▼ 2.5pp54.8%within the sector's middle half▲ 1.0pp85.2%above the sector's middle half▲ 30.4pp90.5%above the sector's middle half▲ 5.3pp
Current ratio10.23-6.23▼ 3.998.42above the sector's middle half▲ 2.188.74above the sector's middle half▲ 0.326.35above the sector's middle half▼ 2.396.32above the sector's middle half▼ 0.036.01above the sector's middle half▼ 0.3110.48above the sector's middle half▲ 4.47
Return on assets (ROA)-3.5%-19.3%▲ 22.8pp7.8%within the sector's middle half▼ 11.5pp0.1%below the sector's middle half▼ 7.8pp0.7%below the sector's middle half▲ 0.6pp10.1%within the sector's middle half▲ 9.4pp26.0%within the sector's middle half▲ 15.8pp17.8%within the sector's middle half▼ 8.2pp
above
within
below
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 1% higher than in 2024 and the highest since 2018. It is the fourth rise in a row, after the fall in 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135,222
Fixed assets
€342 ▼ 97.2%
Current assets
€134,880 ▲ 30.9%
Equity and liabilities €135,222
Equity
€122,353 ▲ 24.5%
Debt
€12,869 ▼ 24.9%
Debt's share of the balance-sheet total falls from 14.8% to 9.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48,579▼
2024 · €53,501
Cash flow
€24,416▼
2024 · €35,850
Debt to equity
0.11▼
2024 · 0.17
ROE
19.7%▼
2024 · 30.5%
Interest coverage
18.71▼
2024 · 61.14
Debt ≤ 1 year
€12,869▼
2024 · €17,129
Income taxes
€14,882▼
2024 · €16,793
Staff costs
€69▼
2024 · €311
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €23,170 | - | - |
| Depreciation and write-downs of the year | €462 | €247 | €4,881 | €5,878 | €353 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €8 | €4 | - | €3 | - |
| Remuneration, social security and pensions62 | - | - | - | €384 | €229 | €71 | €311 | €69 | ▼ 77.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,964 | €7,352 | €453 | €462 | €247 | €4,881 | €5,878 | €353 | ▼ 94.0% |
| Other operating charges640/8 | - | - | - | €348 | €347 | €1,508 | €898 | €2,267 | ▲ 152% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €230 | - |
| Gross operating margin9900 | €7,828 | €34,032 | €17,688 | €2,472 | €6,714 | €29,434 | €54,710 | €51,145 | ▼ 6.5% |
| Operating profit (loss)9901 | -€4,565 | €26,316 | €16,842 | €1,278 | €5,891 | €22,974 | €47,623 | €48,226 | ▲ 1.3% |
| Financial income75/76B | - | - | - | €1,376 | €175 | €260 | €23 | €32 | ▲ 39.1% |
| Recurring financial income75 | €549 | €172 | €4,893 | €1,376 | €175 | €260 | €23 | €32 | ▲ 39.1% |
| Financial charges65/66B | - | - | - | €3,859 | €2,844 | €2,604 | €881 | €9,313 | ▲ 957% |
| Recurring financial charges65 | - | - | €6,551 | €3,859 | €2,844 | €2,599 | €875 | €2,597 | ▲ 197% |
| Non-recurring financial charges66B | - | - | - | - | - | €5 | €6 | €6,716 | ▲ 1,119× |
| Profit (loss) for the period before taxes9903 | -€309 | €24,534 | €15,173 | -€1,205 | €3,222 | €20,630 | €46,765 | €38,945 | ▼ 16.7% |
| Income taxes67/77 | €2,000 | €6,449 | €7,521 | -€1,255 | €2,500 | €7,989 | €16,793 | €14,882 | ▼ 11.4% |
| Profit (loss) for the period9904 | -€2,309 | €18,085 | €7,652 | €50 | €722 | €12,641 | €29,972 | €24,063 | ▼ 19.7% |
| Profit (loss) for the period to be appropriated9905 | -€2,309 | €18,085 | €7,652 | €50 | €722 | €12,641 | €29,972 | €24,063 | ▼ 19.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €66,468 | €93,720 | €97,959 | €97,591 | €103,471 | €124,705 | €115,419 | €135,222 | ▲ 17.2% |
| Fixed assets21/28 | €7,140 | €429 | €710 | €247 | - | €18,289 | €12,411 | €342 | ▼ 97.2% |
| Intangible fixed assets21 | €7,140 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | - | €429 | €710 | €247 | - | €18,289 | €12,411 | €342 | ▼ 97.2% |
| Furniture and vehicles24 | - | - | - | €247 | - | €18,289 | €12,411 | €342 | ▼ 97.2% |
| Current assets29/58 | €59,328 | €93,291 | €97,249 | €97,344 | €103,471 | €106,416 | €103,008 | €134,880 | ▲ 30.9% |
| Amounts receivable within one year40/41 | €12,441 | €14,447 | €13,637 | €12,409 | €21,937 | €26,414 | €23,051 | €6,970 | ▼ 69.8% |
| Trade receivables40 | - | - | - | €12,409 | €21,937 | €26,414 | €23,051 | €6,970 | ▼ 69.8% |
| Current investments50/53 | €7,618 | €16,799 | €23,266 | €19,523 | €22,598 | €17,138 | €17,138 | €17,138 | = |
| Cash at bank and in hand54/58 | €38,673 | €61,433 | €59,768 | €64,788 | €58,350 | €62,045 | €61,876 | €109,269 | ▲ 76.6% |
| Deferred charges and accrued income490/1 | - | - | - | €624 | €586 | €819 | €943 | €1,503 | ▲ 59.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €66,468 | €93,720 | €97,959 | €97,591 | €103,471 | €124,705 | €115,419 | €135,222 | ▲ 17.2% |
| Equity10/15 | €29,167 | €47,252 | €54,905 | €54,955 | €55,677 | €68,318 | €98,290 | €122,353 | ▲ 24.5% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €7,000 | €25,000 | €32,500 | €32,500 | €32,500 | €44,500 | €72,000 | €96,000 | ▲ 33.3% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | - | - | €30,500 | €30,500 | €42,500 | €70,000 | €94,000 | ▲ 34.3% |
| Profit (loss) carried forward14 | €2,167 | €2,252 | €2,405 | €2,455 | €3,177 | €3,818 | €6,290 | €6,353 | ▲ 1.0% |
| Amounts payable17/49 | €37,301 | €46,468 | €43,054 | €42,636 | €47,794 | €56,387 | €17,129 | €12,869 | ▼ 24.9% |
| Amounts payable after more than one year17 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | €37,478 | - | - | - |
| Financial debts170/4 | - | - | - | €30,000 | €30,000 | €37,478 | - | - | - |
| Amounts payable within one year42/48 | €5,801 | €14,968 | €11,554 | €11,136 | €16,294 | €16,840 | €17,129 | €12,869 | ▼ 24.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €6,643 | €7,478 | €586 | ▼ 92.2% |
| Trade debts44 | €3,259 | €3,782 | €1,462 | €1,786 | €1,966 | €1,181 | €1,398 | €2,428 | ▲ 73.7% |
| Suppliers440/4 | - | - | - | €1,786 | €1,966 | €1,181 | €1,398 | €2,428 | ▲ 73.7% |
| Taxes, remuneration and social security45 | - | - | - | €8,568 | €14,042 | €8,690 | €8,253 | €9,855 | ▲ 19.4% |
| Taxes450/3 | - | - | - | €8,568 | €14,042 | €8,690 | €8,253 | €9,855 | ▲ 19.4% |
| Other amounts payable47/48 | - | - | - | €782 | €286 | €326 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,500 | €1,500 | €2,069 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,309 | €18,085 | €7,652 | €50 | €722 | €12,641 | €29,972 | €24,063 | ▼ 19.7% |
| + Depreciation and write-downs630 | €8,964 | €7,352 | €453 | €462 | €247 | €4,881 | €5,878 | €353 | ▼ 94.0% |
| Operating cash flow (approximation) | €6,655 | €25,437 | €8,105 | €512 | €969 | €17,522 | €35,850 | €24,416 | ▼ 31.9% |
| Investment in fixed assets (approximation) | - | -€641 | -€734 | €1 | - | - | €0 | €11,716 | - |
| Change in cash | - | €22,760 | -€1,665 | €5,020 | -€6,438 | €3,695 | -€169 | €47,393 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as COMPTA TOP has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COMPTA TOP itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for COMPTA TOP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00215944 | |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00254358 | |
| 31-12-2023 | micro format | 16-07-2024 | 2024-00253563 | |
| 31-12-2022 | micro format | 10-08-2023 | 2023-00325459 | |
| 31-12-2021 | micro format | 05-08-2022 | 2022-20276518 | |
| 31-12-2020 | micro format | 09-08-2021 | 2021-47200479 | |
| 31-12-2019 | micro format | 04-08-2020 | 2020-39100056 | |
| 31-12-2018 | micro format | 02-08-2019 | 2019-43400568 | |
| 31-12-2017 | full format | 06-06-2018 | 2018-16300557 | |
| 31-12-2016 | micro format | 17-08-2017 | 2017-44300422 |