TOP
ActiveTOP has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.26M and a net result of €306k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 79% of 9099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
93
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-10
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 3.18 against 84.31 in 2024), and 29.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.8%
Return on assets
9.6%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
30 d early
2023
8 d early
2022
20 d early
2021
6 d early
2020
37 d early
2019
23 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close15-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.26M▲ 15.6%
2024 · €1.96M
2019: €854k
2020: €940k
2021: €1.40M
2022: €1.51M
2023: €1.83M
2024: €1.96M
2019 → 2025
Total assets
€3.20M▲ 61.6%
2024 · €1.98M
2019: €1.06M
2020: €3.05M
2021: €3.25M
2022: €1.64M
2023: €1.89M
2024: €1.98M
2019 → 2025
Net result
€306k▼ 0.3%
2024 · €307k
2019: €4k
2020: €86k
2021: €462k
2022: €683k
2023: €320k
2024: €307k
2019 → 2025
Working capital
€2.03M▲ 20.4%
2024 · €1.69M
2019: €549k
2020: €682k
2021: €1.06M
2022: €1.16M
2023: €1.47M
2024: €1.69M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.40M-€1.51M▲ 7.9%€1.83M▲ 21.2%€1.96M▲ 6.8%€2.26M▲ 15.6%
Operating result€687k-€776k▲ 12.9%€374k▼ 51.8%€299k▼ 20.1%€178k▼ 40.6%
Net result€462k-€683k▲ 48.1%€320k▼ 53.1%€307k▼ 4.1%€306k▼ 0.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 41% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.20M
Fixed assets
€233k▼ 13.9%
Current assets
€2.96M▲ 73.5%
Equity and liabilities €3.20M
Equity
€2.26M▲ 15.6%
Debt
€932k▲ 4,499%
The debt ratio rises from 1.0% to 29.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€222k▼
2024 · €342k
Cash flow
€350k=
2024 · €350k
Solvency
70.8%▼
2024 · 99.0%
Current ratio
3.18▼
2024 · 84.31
Quick ratio
2.74▼
2024 · 84.31
Debt / equity
0.41▲
2024 · 0.01
ROE
13.5%▼
2024 · 15.7%
ROA
9.6%▼
2024 · 15.5%
Interest coverage
42.62▼
2024 · 2169.24
Debt
€932k▲
2024 · €20k
Debt ≤ 1 year
€932k▲
2024 · €20k
Income taxes
€81k▼
2024 · €109k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.98M€3.20M▲
Fixed assets21/28€270k€233k▼
Tangible fixed assets22/27€261k€223k▼
Land and buildings22€148k€136k▼
Furniture and vehicles24€113k€87k▼
Financial fixed assets28€9k€9k=
Current assets29/58€1.71M€2.96M▲
Stocks and contracts in progress3-€408k
Stocks30/36-€408k
Amounts receivable within one year40/41€132k€365k▲
Trade receivables40€46k€2k▼
Other amounts receivable41€87k€363k▲
Cash at bank and in hand54/58€1.46M€2.18M▲
Deferred charges and accrued income490/1€113k€15k▼
Equity and liabilities
Total equity and liabilities10/49€1.98M€3.20M▲
Equity10/15€1.96M€2.26M▲
Contributions10/11€6k€6k=
Reserves13€1.95M€2.26M▲
Distributable reserves133€1.95M€2.26M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€20k€932k▲
Amounts payable within one year42/48€20k€932k▲
Trade debts44€2k€67k▲
Suppliers440/4€2k€67k▲
Advances received on contracts in progress46-€822k
Taxes, remuneration and social security45€984€35k▲
Taxes450/3€984€35k▲
Other amounts payable47/48€17k€8k▼
Income statement
Code20242025
Non-recurring operating income76A€3k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€44k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€344k€224k▼
Operating profit (loss)9901€299k€178k▼
Financial income75/76B€117k€215k▲
Recurring financial income75€117k€215k▲
Financial charges65/66B€158€5k▲
Recurring financial charges65€158€5k▲
Profit (loss) for the period before taxes9903€416k€388k▼
Income taxes67/77€109k€81k▼
Profit (loss) for the period9904€307k€306k▼
Profit (loss) for the period to be appropriated9905€307k€306k▼
Appropriation of the result
Profit (loss) to be appropriated9906€307k€306k▼
Transfer from equity791/2€182k€0▼
Transfer to equity691/2€307k€306k▼
To other reserves6921€307k€306k▼
Profit to be distributed694/7€182k€0▼
Return on contributions (dividend)694€182k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Equity above €2MEq €2.26M ▲15.6%
7 profitable years in a row build equity to €2.26M.
2024
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Liquidity triplescurrent ratio 84.31
Current ratio from 25.51 to 84.31; short-term debt falls from €60k to €20k.
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Liquidity doublescurrent ratio 25.51
Current ratio from 10.46 to 25.51; short-term debt falls from €122k to €60k.
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Highest result since 2019net €683k ▲48.1%
Operating result €776k, net result €683k, both a record.
31-03
Financial
Liquidity times 7current ratio 10.46
Current ratio from 1.58 to 10.46; short-term debt falls from €1.85M to €122k.
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Equity above €1MEq €1.40M ▲49.1%
3 profitable years in a row build equity to €1.40M.
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Bree · 1 establishment unit since 2006
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.
Witte Torenwal 83960 BreeGround area
417 m²
Building footprint
397 m²
Volume, LiDAR
2,832 m³
Parcel 72004B0238/00R010, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TOP BVBA
since 20062.154.399.989
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72004B0238/00R010 | Flanders | 417 m² | 1 · 397 m² | 11.4 m · 3 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.
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Of 7,287 companies in sector 68110 we hold annual accounts for 5,353. 2,536 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-05-2006
Fiscal year end31-03
Activities, NACEBEL
68110Buying and selling of own real estate
70120
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.