Equity
€73,054 from €141,239 in 2021
Equity fell by 48% in 4 years.
TOP ADVANCE
Lifetime
7 annual accounts with figures on one time axispeak €111,663 (2019)
€6,864▼ 68.5%
lowest -€115,322 (2022)
-€2,556▼ €10,470
peak €141,239 (2021)
€73,054▼ 3.4%
€226,265▼ 31.9%
Board1 name since 2021
1 directorPopadiuc Daniel
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Gross margin from €21,784 to €6,864Loss of €2,556Debts from €332,207 to €226,265
Key points
from the 2025 annual accountsChecked score
47
Fair
Financially stronger than 21% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,695 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 10.7%highest value
01-2025: 5.9%▼ -4.8 percentage points vs 12-2024
02-2025: 5.9%● unchanged vs 01-2025
03-2025: 5.9%● unchanged vs 02-2025
04-2025: 5.9%● unchanged vs 03-2025
05-2025: 5.8%▼ -0.1 percentage points vs 04-2025
06-2025: 5.6%▼ -0.2 percentage points vs 05-2025
07-2025: 5.1%▼ -0.5 percentage points vs 06-2025
08-2025: 5.6%▲ +0.5 percentage points vs 07-2025
09-2025: 5.7%▲ +0.1 percentage points vs 08-2025
10-2025: 2.5%▼ -3.2 percentage points vs 09-2025
11-2025: 2.5%● unchanged vs 10-2025
12-2025: 2.5%● unchanged vs 11-2025
01-2026: 2.5%● unchanged vs 12-2025
02-2026: 2.4%▼ -0.1 percentage points vs 01-2026
03-2026: 2.3%▼ -0.1 percentage points vs 02-2026
04-2026: 2.3%● unchanged vs 03-2026
05-2026: 2.3%● unchanged vs 04-2026
06-2026: 2.2%▼ -0.1 percentage points vs 05-2026
07-2026: 2.2%● unchanged vs 06-2026lowest value
08-2026: 2.4%▲ +0.2 percentage points vs 07-2026
09-2026: 2.6%▲ +0.2 percentage points vs 08-2026
10-2026: 3.9%▲ +1.3 percentage points vs 09-2026
11-2026: 3.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 61 days late; 3 of the last 3 accounts late
Liquidity: current ratio 1.32
Sector: Specialised construction activities (NACE 43)
Figures for financial year 2025 (filed on 30-09-2026)
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 26% of them on solvency, 10% on liquidity, 19% on profitability and 30% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,548 companies had the same profile as TOP ADVANCE has now. Each dot stands for 4 companies, two years later.
91.3%
were still trading
3.9%
stopped another way
4.3%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TOP ADVANCE itself: 3.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,548 companies, not a prediction for TOP ADVANCE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.32 (1.22 in 2024), below the usual 1.5. Short-term debt is 75.6% of total assets. 75.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
61 days late
2024
32 days late
2023
153 days late
2022
68 days late
2021
120 days late
2020
110 days late
2019
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 86 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 October (4 of the last 5 accounts filed within 52 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
First establishment
Langestraat 15, Asse
Incorporation
published on 12-06-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TOP ADVANCE Asse | €299,320 | €6,864 | 24.4% | - |
| ASV Design Sint-Genesius-Rode | €232,295 | €5,861 | -14.8% | - |
| DPOOLZ Drogenbos | €218,880 | €5,666 | 32.3% | - |
| Rideco Beersel | €383,499 | €4,513 | 8.0% | - |
| ARTISANS SPECIALISES DANS LA RENOVATION ET LA CONSTRUCTION Watermael-Boitsfort | €312,759 | €9,844 | 60.5% | - |
| IMMO S.L.S Fleurus | €221,739 | €7,566 | 1.3% | - |
| GT-Construct Dendermonde | €240,069 | €9,521 | 24.3% | - |
These companies have the same main activity as TOP ADVANCE: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €219,000 and €383,000, founded between 2016 and 2020.
Official details
Source: KBO- Status
- Active since 08-06-2018Normal situation
- Activity
- Other specialised construction activitiesNACE 43990and 5 others
- Establishment unit
- 2.281.615.4891730 Asse, since 23-10-2018
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on TOP ADVANCE
TOP ADVANCE files the micro format. That format states no turnover. The gross margin fell from €111,663 in 2019 to €6,864 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TOP ADVANCE
- What is the company number of TOP ADVANCE?
- The company number of TOP ADVANCE is 0697.757.919. The VAT number is the same number with BE in front: BE 0697.757.919.
- Where is TOP ADVANCE based?
- The registered office is at Langestraat 15, 1730 Asse.Company details
- What does TOP ADVANCE do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of TOP ADVANCE?
- TOP ADVANCE is a private limited company (pre-2019) (BVBA).
- When was TOP ADVANCE founded?
- TOP ADVANCE was founded on 08-06-2018.
- Is TOP ADVANCE still active?
- Yes, TOP ADVANCE is an active enterprise in the KBO register.
- What is the turnover of TOP ADVANCE?
- The turnover in financial year 2025 is ≈ €93,000. This figure is estimated from the gross margin of €6,864 and 202 comparable companies (NACE 43990). It probably lies between €49,000 and €180,000. It is a rough estimate.Financials
- Is TOP ADVANCE profitable?
- In financial year 2025, TOP ADVANCE made a loss of €2,556.
- Where can I find the annual accounts of TOP ADVANCE?
- TOP ADVANCE filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TOP ADVANCE due?
- TOP ADVANCE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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