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Dispatch Topaz

Active
Private limited companyfounded 2024active for 2 yearsKoloniënstraat 11, 1000 Brussel, Belgium302 active companies are registered at this addressKBO/BCE: BE 1015.280.192
Summary

The computed 12-month bankruptcy probability of Dispatch Topaz is 2.0% (moderate). The 2025 annual accounts show negative equity (-€13,938) and a net result of -€13,938. Its solvency ranks better than 14% of 345 sector peers (NACE 35, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Electricity, gas, steam and air conditioning supply
NACE 35130
1 site
Size
€405,893total assets 2025
Equity
-€13,938
Loss
-€13,938
Turnover not published (abbreviated format)
Financial health
52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.0%
Structure
Parent
Dispatch B.V.
Accounts 1 day early
Why 52raises riskLiquidity: current ratio 0.03Founded in 2024Negative equity -€13,938lowers riskSize: total assets €405,893Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 16% of its sector peers (NACE 35, micro)
Financial strength
Weak
Solvency 22
equity -3.4% of total assets
Liquidity 0
short-term debt 103.4%
Profitability 29
return on assets -3.4%
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (543 companies, NACE 35, micro)
Last 24 months 11-2025: 1.3%lowest value 12-2025: 1.3%● unchanged vs 11-2025lowest value 01-2026: 1.4%▲ +0.1 percentage points vs 12-2025 02-2026: 1.5%▲ +0.1 percentage points vs 01-2026 03-2026: 1.5%● unchanged vs 02-2026 04-2026: 1.7%▲ +0.2 percentage points vs 03-2026 05-2026: 1.9%▲ +0.2 percentage points vs 04-2026 06-2026: 1.9%● unchanged vs 05-2026 07-2026: 1.9%● unchanged vs 06-2026 08-2026: 1.9%● unchanged vs 07-2026 09-2026: 2.0%▲ +0.1 percentage points vs 08-2026 10-2026: 2.0%● unchanged vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.03, below 1; short-term debt: 103.4% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 35, micro): better than 15% on solvency, 1% on liquidity and 33% on profitability.

The bankruptcy probability was computed on 19-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.03
NBB · annual accounts
lowers risk · Size: total assets €405,893
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Negative equity -€13,938
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
1 day early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Amendment of the articlesPower of attorney
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. IncorporationAppointments: BESS Holding B.V. (director)…

Financials · financial year 2025, abbreviated format

Equity
-€13,938
Total assets
€405,893
Net result
-€13,938
Working capital
-€408,142

Turnover and EBIT margin not published: the abbreviated format does not require them.

Balance-sheet composition
Assets €405,893
Fixed assets €394,205
Current assets €11,689
Equity and liabilities
Equity-€13,938
Debt€419,831
Equity is negative: debt (€419,831) exceeds the balance-sheet total (€405,893).
Key figures and ratios
2025 value
Solvency
-3.4%
Current ratio
0.03
ROA
-3.4%
Debt
€419,831
Debt ≤ 1 year
€419,831
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 91.6% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a small loss
4.6% went bankrupt
3.6% stopped otherwise
91.6% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,555 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 25 lines
Balance sheet Code2025
Assets
Total assets20/58€405,893
Fixed assets21/28€394,205
Intangible fixed assets21€319,205
Financial fixed assets28€75,000
Current assets29/58€11,689
Amounts receivable within one year40/41€11,689
Other amounts receivable41€11,689
Equity and liabilities
Total equity and liabilities10/49€405,893
Equity10/15-€13,938
Profit (loss) carried forward14-€13,938
Amounts payable17/49€419,831
Amounts payable within one year42/48€419,831
Trade debts44€70,294
Suppliers440/4€70,294
Other amounts payable47/48€349,537
Income statement Code2025
Other operating charges640/8€1,208
Gross operating margin9900-€5,778
Operating profit (loss)9901-€6,986
Financial charges65/66B€6,952
Recurring financial charges65€6,952
Profit (loss) for the period before taxes9903-€13,938
Profit (loss) for the period9904-€13,938
Profit (loss) for the period to be appropriated9905-€13,938
Appropriation of the result
Profit (loss) to be appropriated9906-€13,938
Social balance sheet
Average headcount (FTE)90870.0

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Other operating charges640/8€1,208
Gross operating margin9900-€5,778
Operating profit (loss)9901-€6,986
Financial charges65/66B€6,952
Recurring financial charges65€6,952
Profit (loss) for the period before taxes9903-€13,938
Profit (loss) for the period9904-€13,938
Profit (loss) for the period to be appropriated9905-€13,938
Line2025
Assets
Total assets20/58€405,893
Fixed assets21/28€394,205
Intangible fixed assets21€319,205
Financial fixed assets28€75,000
Current assets29/58€11,689
Amounts receivable within one year40/41€11,689
Other amounts receivable41€11,689
Equity and liabilities
Total equity and liabilities10/49€405,893
Equity10/15-€13,938
Profit (loss) carried forward14-€13,938
Amounts payable17/49€419,831
Amounts payable within one year42/48€419,831
Trade debts44€70,294
Suppliers440/4€70,294
Other amounts payable47/48€349,537
Line2025
Profit (loss) for the period9904-€13,938
Operating cash flow (approximation)-€13,938

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

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 abbreviated format 30-07-2026 2026-00371648

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 106 active companies whose main activity is electricity, gas, steam and air conditioning supply (NACE 35130), figures are known for 71. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No sitting directors in the 2 Gazette acts read. See the directors and other office holders in the KBO →

Owners and capital

Owners

1 owner

Chain of control

  1. Dispatch B.V.NL consolidates
  2. Dispatch Topaz

Highest known parent: Dispatch B.V. (Netherlands). The sources do not say who stands above it.

Owners 1

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Connections & network

No sitting directors or connected companies in the 2 Gazette acts read.

History

Dispatch Topaz was incorporated on 18 October 2024 as a private limited company.1 The company has filed annual accounts once, for financial year 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
09-09
Gazette deed Amendment of the articles
Power of attorney2 facts ▸
  • General meeting, 19-08-2026
  • Power of attorney
30-07
NBB filing Annual accounts filed
financial year 2025 · abbreviated format
2024
22-10
Gazette deed Incorporation
Appointments: BESS Holding B.V. (director) and Restore Holding B.V. (director) · Permanent representatives: VAANDRAGER Eiso and VINK Johannes · Founder12 facts ▸
  • Incorporation, 17-10-2024
  • Other provision, “topaz@dispatchgridservices.com”, email address (deed in Dutch)
  • Founder, BESS Holding B.V.
  • Founder, Restore Holding B.V.
  • Founding capital, €1
  • Director appointment, BESS Holding B.V. (director)
  • Permanent representative, VAANDRAGER Eiso
  • Director appointment, Restore Holding B.V. (director)
  • Permanent representative, VINK Johannes
  • Director appointment, BESS Holding B.V. (afgevaardigde bestuurder)
  • Director appointment, Restore Holding B.V. (afgevaardigde bestuurder)
  • Other provision, “volmachten, Nihil” (deed in Dutch)
Gazette deedNBB filing
2 of 2 deeds read

Register details

Identification
Legal formPrivate limited company
Founded18-10-2024
Financial year end31-12
Activities, NACEBEL 2025
35130Electricity, gas, steam and air conditioning supply
Contact
E-mail topaz@dispatchgridservices.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:1015280192
Registered 27-03-2026

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

Register as of 20 October 2026 · Peppol Directory

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

Environmental permits

1 application in Flanders since 2025 · 1 under appeal
Bouwen of herbouwen; Nieuwbouw of aanleggen; Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning)
Under appealsubmitted 31-01-2025authority: RVVBproject 2024143217

Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
3,406 m²
Building footprint
3,354 m²
Building volume
88,937 m³
Parcel 21804D1424/00E002, Brussels · tallest building 35.3 m. Linked by address, not a title deed.
302 companies at this address See who is registered here
1 establishment unit
Dispatch Topaz
Koloniënstraat 11, 1000 BrusselElectricity, gas, steam and air conditioning supply
since 2024unit no. 2.366.724.873
1 parcel
Brussels 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
21804D1424/00E002 Brussels 3,406 m² 1 · 3,354 m² 35.3 m · 9
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

Name clauseThe name the company operates under according to its articles.
Dispatch Topaz
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Brussels Hoofdstedelijk Gewest, Koloniënstraat 11,1000 Brussel” (deed in Dutch)

deed of 22-10-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“EERSTE BESLUIT : WIJZIGING VAN DE STATUTAIRE BEPALING INZAKE DE VERTEGENWOORDIGING VAN DE VENNOOTSCHAP De algemene vergadering besluit de…”

deed of 09-09-2026

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
First Monday of May at 14:00

deed of 22-10-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Liquidation distribution: “Eerst aan de A-aandeelhouders hun inbreng, vervolgens aan de B-aandeelhouders hun inbreng” (deed in Dutch)
Other provision: “Dagelijks bestuur, bestuursorgaan” (deed in Dutch)
Other provision: “Dagelijks bestuur, kan aan derden worden tegengeworpen onder voorwaarden bepaald in artikel 2:18” (deed in Dutch)
Other provision: “Iedere bestuurder aangesteld tot afgevaardigde bestuurder met alleen vertegenwoordigingsbevoegdheid is krachtens statuten ook bevoegd om…” (deed in Dutch)
Other provision: “Overeenkomstig statuten, toelating algemene vergaderingen en stemrecht” (deed in Dutch)
1 more provision in the deed, see the deed of 22-10-2024

deed of 22-10-2024