Summary
TOP 1 has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2011 annual accounts show equity of €46,620 and a net result of €10,263. Equity is growing by ~102.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2011 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2011 · tick = 2010
Profitability66▼-34
Solvency77▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2011Solvency, return and age of the figures
Solvency
51.9%
Return on assets
11.4%
Age of the figures
177 mo
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 · No filing for years
The last filed financial year closed on 31-12-2011. Since then, 14 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2012 close31-07-2013 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2011 was due by 31-07-2012 and was filed on 21-08-2012, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2011, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€10,263▼ 56.6%
2010 · €23,656
Working capital
€76,192▲ 51.3%
2010 · €50,370
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20072008200920102011
Operating result€12,859-€9,164▼ 28.7%€13,960▲ 52.3%€26,608▲ 90.6%€12,895▼ 51.5%
Net result€8,080-€6,138▼ 24.0%€10,317▲ 68.1%€23,656▲ 129%€10,263▼ 56.6%
Equity-€3,753-€2,385€12,702▲ 433%€36,358▲ 186%€46,620▲ 28.2%
Total assets€5,411-€30,578▲ 465%€37,547▲ 22.8%€58,249▲ 55.1%€89,840▲ 54.2%
Debt€9,163-€28,193▲ 208%€24,845▼ 11.9%€21,891▼ 11.9%€43,220▲ 97.4%
Working capital-€5,607-€24,005€30,302▲ 26.2%€50,370▲ 66.2%€76,192▲ 51.3%
Staff (FTE)1-1=11=
Result per fiscal year
Operating resultNet result
The operating result falls in 2011; 2011 is 52% below 2010.
Balance-sheet composition
2011 in colour, 2010 as the grey bar beneath
Assets €89,840
Fixed assets
€4,465 ▲ 108%
Current assets
€85,375 ▲ 52.2%
Equity and liabilities €89,840
Equity
€46,620 ▲ 28.2%
Debt
€43,220 ▲ 97.4%
Debt's share of the balance-sheet total rises from 37.6% to 48.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17,276▼
2010 · €27,641
Cash flow
€14,644▼
2010 · €24,689
Current ratio
9.30▼
2010 · 9.79
Quick ratio
9.13▼
2010 · 9.26
Debt to equity
0.25▼
2010 · 0.44
ROE
22.0%▼
2010 · 65.1%
ROA
11.4%▼
2010 · 40.6%
Debt ≤ 1 year
€9,183▲
2010 · €5,732
Debt > 1 year
€11,787▼
2010 · €16,159
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €646 | €513 | €1,470 | €1,033 | €4,381 | ▲ 324% |
| Gross operating margin9900 | €38,454 | €16,254 | €16,212 | €36,152 | €43,652 | ▲ 20.7% |
| Operating profit (loss)9901 | €12,859 | €9,164 | €13,960 | €26,608 | €12,895 | ▼ 51.5% |
| Recurring financial income75 | - | - | €14 | €23 | €169 | ▲ 640% |
| Recurring financial charges65 | €4,780 | €3,026 | €3,657 | €2,975 | €2,794 | ▼ 6.1% |
| Profit (loss) for the period before taxes9903 | €8,080 | €6,138 | €10,317 | €23,656 | €10,271 | ▼ 56.6% |
| Profit (loss) for the period9904 | €8,080 | €6,138 | €10,317 | €23,656 | €10,263 | ▼ 56.6% |
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5,411 | €30,578 | €37,547 | €58,249 | €89,840 | ▲ 54.2% |
| Fixed assets21/28 | €1,854 | €1,341 | €2,113 | €2,147 | €4,465 | ▲ 108% |
| Tangible fixed assets22/27 | €1,805 | €1,292 | €2,113 | €2,147 | €4,465 | ▲ 108% |
| Financial fixed assets28 | €50 | €50 | - | - | - | - |
| Current assets29/58 | €3,557 | €29,237 | €35,435 | €56,102 | €85,375 | ▲ 52.2% |
| Stocks and contracts in progress3 | - | - | - | €3,000 | €1,500 | ▼ 50.0% |
| Amounts receivable within one year40/41 | €2,656 | €27,204 | €30,134 | €30,384 | €30,108 | ▼ 0.9% |
| Current investments50/53 | - | - | - | €20,300 | €50,000 | ▲ 146% |
| Cash at bank and in hand54/58 | €901 | €2,033 | €5,300 | €1,418 | €2,767 | ▲ 95.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5,411 | €30,578 | €37,547 | €58,249 | €89,840 | ▲ 54.2% |
| Equity10/15 | -€3,753 | €2,385 | €12,702 | €36,358 | €46,620 | ▲ 28.2% |
| Profit (loss) carried forward14 | -€3,753 | €2,385 | €12,702 | €36,358 | €46,620 | ▲ 28.2% |
| Amounts payable17/49 | €9,163 | €28,193 | €24,845 | €21,891 | €43,220 | ▲ 97.4% |
| Amounts payable after more than one year17 | - | €22,961 | €19,712 | €16,159 | €11,787 | ▼ 27.1% |
| Amounts payable within one year42/48 | €9,163 | €5,232 | €5,133 | €5,732 | €9,183 | ▲ 60.2% |
| Trade debts44 | €4,765 | €1,140 | €1,884 | €1,612 | €3,280 | ▲ 103% |
| Line | 2007 | 2008 | 2009 | 2010 | 2011 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,080 | €6,138 | €10,317 | €23,656 | €10,263 | ▼ 56.6% |
| + Depreciation and write-downs630 | €646 | €513 | €1,470 | €1,033 | €4,381 | ▲ 324% |
| Operating cash flow (approximation) | €8,726 | €6,651 | €11,787 | €24,689 | €14,644 | ▼ 40.7% |
| Investment in fixed assets (approximation) | - | €0 | -€2,242 | -€1,067 | -€6,700 | ▼ 528% |
| Change in cash | - | €1,132 | €3,267 | -€3,882 | €1,349 | ▲ 135% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2012
21-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 21 days late
2011
15-09
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 46 days late
2010
31-12
Financial
Highest result since 2007net €23,656 ▲129%
Operating result €26,608, net result €23,656, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 31 days late
2009
04-08
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 4 days late
2008
31-12
Financial
Weakest financial yearnet €6,138 ▼24%
Net result drops to €6,138, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 14current ratio 5.59
Current ratio from 0.39 to 5.59; short-term debt falls from €9,163 to €5,232.
21-08
NBB filing
Annual accounts filed
fiscal year 2007 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Verviers
Ground area
229 m²
Building footprint
44 m²
Volume, LiDAR
365 m³
Parcel 63074B0913/00R003, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63074B0913/00R003 | Wallonia | 229 m² | 1 · 44 m² | 10.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formNon-profit association
Founded25-01-2000
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0469383493
Also
9925:BE0469383493
Registered
18-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.