T.O.P.
The computed 12-month bankruptcy probability of T.O.P. is 1.4% (low). The 2025 annual accounts show negative equity (€-169k) and a net result of €-227k. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 112 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-169k |
| Net result | €-227k |
| Staff (FTE) | 1.2 |
| Better than sector | 5% |
Mixed profile: strong on profitability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -37.3% | 39.8% | |
| Net result | €-227k | €21k | |
| Equity | €-169k | €122k | |
| Gross operating margin | €-154k | €146k | |
| Staff costs | €53k | €217k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €-231k |
| Net profit | €-227k |
| Cash flow | €-225k |
| Staff costs | €53k |
| Income taxes | €0 |
| Dividends | - |
| Total assets | €453k |
| Equity | €-169k |
| Debt | €622k |
| of which ≤ 1y | €496k |
| of which > 1y | €126k |
| Working capital | €-45k |
| Employees (FTE) | 1.2 |
| 2025 | |
|---|---|
| Current ratio | 0.91 |
| Quick ratio | 0.51 |
| Working capital ratio | -9.9% |
| Solvency | -37.3% |
| Debt / equity | -3.68 |
| Long-term debt ratio | -0.75 |
| Interest coverage | -45.48 |
| Gross margin | - |
| Net margin | - |
| ROA | -50.0% |
| ROE | 134.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €453k |
| Fixed assets | 21/28 | €2k |
| Tangible fixed assets | 22/27 | €2k |
| Financial fixed assets | 28 | €150 |
| Current assets | 29/58 | €451k |
| Stocks & contracts in progress | 3 | €196k |
| Amounts receivable within one year | 40/41 | €219k |
| Cash & bank | 54/58 | €208 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €453k |
| Equity | 10/15 | €-169k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €137k |
| Accumulated profits (losses) | 14 | €-325k |
| Amounts payable | 17/49 | €622k |
| Amounts payable after one year | 17 | €126k |
| Amounts payable within one year | 42/48 | €496k |
| Trade debts payable within one year | 44 | €375k |
| Income statement | ||
| Gross operating margin | 9900 | €-154k |
| Operating result | 9901 | €-233k |
| Financial income | 75 | €11k |
| Financial charges | 65 | €5k |
| Result before taxes | 9903 | €-227k |
| Income taxes | 67/77 | €0 |
| Net result for the period | 9904 | €-227k |
| Result to be appropriated | 9905 | €-227k |
| NACE primary | Specialised construction(43990) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 17-07-2006 |
| Status | Active |
| Postal code | 7500 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57022A0178/00M000 | Wallonia | 814 m² | 1 · 58 m² | 11.4 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
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| Legal nameFR | T.O.P. |