TIP TOP BELTING
ActiveSummary
TIP TOP BELTING has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €452k and a net result of €423k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 25% of 199 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability95▼-1
Solvency47=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.41 in 2023; short-term debt: 56.2% and cash: 3.1% of total assets), and 77.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
30 d early
2022
28 d early
2021
27 d early
2020
30 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€452k▲ 5.3%
2023 · €429k
2018: €265k
2019: €413k
2020: €709k
2021: €246k
2022: €397k
2023: €429k
2018 → 2024
Total assets
€2.04M▲ 4.4%
2023 · €1.95M
2018: €1.43M
2019: €1.51M
2020: €1.86M
2021: €2.20M
2022: €1.81M
2023: €1.95M
2018 → 2024
Net result
€423k▼ 2.3%
2023 · €433k
2018: €135k
2019: €148k
2020: €295k
2021: €387k
2022: €401k
2023: €433k
2018 → 2024
Working capital
€413k▼ 0.2%
2023 · €414k
2018: €342k
2019: €302k
2020: €727k
2021: €274k
2022: €402k
2023: €414k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€709k-€246k▼ 65.3%€397k▲ 61.2%€429k▲ 8.2%€452k▲ 5.3%
Operating result€425k-€525k▲ 23.5%€540k▲ 2.9%€594k▲ 10.0%€574k▼ 3.5%
Net result€295k-€387k▲ 31.1%€401k▲ 3.4%€433k▲ 8.0%€423k▼ 2.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 4% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.04M
Fixed assets
€478k ▼ 10.4%
Current assets
€1.56M ▲ 10.0%
Equity and liabilities €2.04M
Equity
€452k ▲ 5.3%
Debt
€1.58M ▲ 4.2%
Debt's share of the balance-sheet total falls from 78.0% to 77.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€636k▼
2023 · €662k
Cash flow
€486k▼
2023 · €500k
Current ratio
1.36▼
2023 · 1.41
Quick ratio
1.19▼
2023 · 1.22
Debt to equity
3.50▼
2023 · 3.54
ROE
93.5%▼
2023 · 100.8%
ROA
20.8%▼
2023 · 22.2%
Interest coverage
18.00▲
2023 · 16.88
Debt ≤ 1 year
€1.14M▲
2023 · €1.00M
Debt > 1 year
€433k▼
2023 · €510k
Income taxes
€130k▼
2023 · €136k
Staff costs
€765k▼
2023 · €819k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.95M€2.04M▲
Fixed assets21/28€533k€478k▼
Tangible fixed assets22/27€533k€478k▼
Land and buildings22€485k€448k▼
Plant, machinery and equipment23-€7k
Furniture and vehicles24€24k€12k▼
Leasing and similar rights25€23k€10k▼
Financial fixed assets28€40€40=
Current assets29/58€1.42M€1.56M▲
Stocks and contracts in progress3€195k€200k▲
Stocks30/36€195k€200k▲
Amounts receivable within one year40/41€1.11M€1.28M▲
Trade receivables40€511k€641k▲
Other amounts receivable41€596k€637k▲
Cash at bank and in hand54/58€111k€64k▼
Deferred charges and accrued income490/1€3k€16k▲
Equity and liabilities
Total equity and liabilities10/49€1.95M€2.04M▲
Equity10/15€429k€452k▲
Contributions10/11€150k€150k=
Reserves13€279k€302k▲
Distributable reserves133€279k€302k▲
Amounts payable17/49€1.52M€1.58M▲
Amounts payable after more than one year17€510k€433k▼
Financial debts170/4€510k€433k▼
Amounts payable within one year42/48€1.00M€1.14M▲
Current portion of amounts payable after more than one year42€80k€77k▼
Financial debts43€61k€127k▲
Credit institutions430/8€61k€127k▲
Trade debts44€151k€278k▲
Suppliers440/4€151k€278k▲
Taxes, remuneration and social security45€250k€262k▲
Taxes450/3€38k€46k▲
Remuneration and social security454/9€212k€216k▲
Other amounts payable47/48€460k€400k▼
Accrued charges and deferred income492/3€8k€6k▼
Income statement
Code20232024
Non-recurring operating income76A€19k-
Remuneration, social security and pensions62€819k€765k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€63k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-488€-3k▼
Other operating charges640/8€10k€10k▼
Gross operating margin9900€1.49M€1.41M▼
Operating profit (loss)9901€594k€574k▼
Financial income75/76B€13k€15k▲
Recurring financial income75€13k€15k▲
Financial charges65/66B€39k€35k▼
Recurring financial charges65€39k€35k▼
Profit (loss) for the period before taxes9903€568k€553k▼
Income taxes67/77€136k€130k▼
Profit (loss) for the period9904€433k€423k▼
Profit (loss) for the period to be appropriated9905€433k€423k▼
Appropriation of the result
Profit (loss) to be appropriated9906€433k€423k▼
Transfer to equity691/2€33k€23k▼
To other reserves6921€33k€23k▼
Profit to be distributed694/7€400k€400k=
Return on contributions (dividend)694€350k€350k=
Directors or managers695€50k€50k=
Social balance
Average headcount (FTE)908712.010.7▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €433k ▲8%
Operating result €594k, net result €433k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €709k ▲71.5%
3 profitable years in a row build equity to €709k.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Genk · 1 establishment unit since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Horizonlaan 403600 GenkGround area
2,832 m²
Building footprint
904 m²
Volume, LiDAR
5,359 m³
Parcel 71302A0032/00E034, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Horizonlaan 40, 3600 Genk
since 19992.090.940.017
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0032/00E034 | Flanders | 2,832 m² | 1 · 904 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 66 EUR awarded · 66 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 66 EUR | 66 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
GICOM
BE 0424.101.420
Kontich · Eq €461k
SOCIETE D'EDITION THE BELGIAN ECONOMIC JOURNAL
BE 0428.489.085
Elsene · Eq €469k
Leon Smet
BE 0448.819.592
Schoten · Eq €471k
SIMAC TRADING
BE 0402.261.473
Verviers · Eq €474k
TENAX RUBBER
BE 0698.931.817
Hooglede · Eq €488k
Of 161 companies in sector 22120 we hold annual accounts for 111. 76 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-04-1999
Fiscal year end31-12
Activities, NACEBEL 2025
22120Manufacture of rubber and plastic products
46869Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.