TOP ADVANCE

Active

Private limited company (pre-2019)founded 20188 yrs activeLangestraat 15, 1730 Asse, BelgiumKBO/BCE: BE 0697.757.919

TOP ADVANCE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €76k and a net result of €8k. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 20% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).

Watch Print / PDF

Checked score

Score 2024

47 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability48▲+14

Solvency44▼-1

Growth32=

Track record100

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3.5k at 30 days acceptable

Liquidity tight (current ratio 1.22 against 1.24 in 2023; short-term debt: 81.5% and cash: 2.5% of total assets), and 81.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

18.5%

Return on assets

1.9%

Age of the figures

21 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 36376 sector peers (2024).

NBB · sector comparison

Position among 36376 sector peers

Solvency

better than 20%

← weakest strongest →

Growing equity

Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.

NBB · annual accounts 2024

Equity per financial year

192021222324

2019 to 2024 · latest year €76k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-09-2025, 32 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 · 6 filings

Deviation from the deadline

2025

not confirmed

2024

32 d late

2023

153 d late

2022

68 d late

2021

120 d late

2020

110 d late

2019

61 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€76k▲ 11.7%

2023 · €68k

2019: €85k 2020: €112k 2021: €141k 2022: €26k 2023: €68k

2019 → 2024

Total assets

€408k▲ 18.8%

2023 · €343k

2019: €241k 2020: €423k 2021: €285k 2022: €193k 2023: €343k

2019 → 2024

Net result

€8k▼ 81.1%

2023 · €42k

2019: €78k 2020: €27k 2021: €29k 2022: €-115k 2023: €42k

2019 → 2024

Working capital

€74k▲ 11.0%

2023 · €66k

2019: €78k 2020: €100k 2021: €144k 2022: €25k 2023: €66k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€112k-€141k▲ 26.1%€26k▼ 81.7%€68k▲ 161%€76k▲ 11.7%

Operating result€17k-€42k▲ 148%€-104k€-5k▲ 95.1%€20k

Net result€27k-€29k▲ 6.5%€-115k€42k€8k▼ 81.1%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €20k after a loss of €5k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €408k

99.5%

Fixed assets €2k▲ 49.1%

Current assets €406k▲ 18.7%

Equity and liabilities €408k

18.5%

81.5%

Equity €76k▲ 11.7%

Debt €332k▲ 20.5%

The debt ratio rises from 80.3% to 81.5%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€20k▲

2023 · €-5k

Cash flow

€8k▼

2023 · €42k

Solvency

18.5%▼

2023 · 19.7%

Current ratio

1.22▼

2023 · 1.24

Quick ratio

1.22▼

2023 · 1.24

Debt / equity

4.39▲

2023 · 4.07

ROE

10.5%▼

2023 · 61.7%

ROA

1.9%▼

2023 · 12.2%

Interest coverage

3.22▲

2023 · -0.92

Debt

€332k▲

2023 · €276k

Debt ≤ 1 year

€332k▲

2023 · €276k

Income taxes

€6k▼

2023 · €19k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€343k€408k▲

Fixed assets21/28€1k€2k▲

Tangible fixed assets22/27€1k€2k▲

Furniture and vehicles24€1k€2k▲

Financial fixed assets28€120€120=

Current assets29/58€342k€406k▲

Amounts receivable within one year40/41€339k€393k▲

Trade receivables40€117k€138k▲

Other amounts receivable41€222k€254k▲

Cash at bank and in hand54/58€138€10k▲

Deferred charges and accrued income490/1€3k€3k▼

Equity and liabilities

Total equity and liabilities10/49€343k€408k▲

Equity10/15€68k€76k▲

Contributions10/11€6k€6k=

Reserves13€2k€2k=

Non-distributable reserves130/1-€2k

Reserves not available under the articles1311-€2k

Tax-exempt reserves132€2k-

Profit (loss) carried forward14€60k€68k▲

Amounts payable17/49€276k€332k▲

Amounts payable within one year42/48€276k€332k▲

Trade debts44€248k€314k▲

Suppliers440/4€248k€314k▲

Taxes, remuneration and social security45€19k€18k▼

Taxes450/3€19k€14k▼

Remuneration and social security454/9-€4k

Other amounts payable47/48€9k-

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€405€481▲

Other operating charges640/8€2k€2k▼

Gross operating margin9900€-3k€22k▲

Operating profit (loss)9901€-5k€20k▲

Financial income75/76B€71k-

Recurring financial income75€132-

Non-recurring financial income76B€71k-

Financial charges65/66B€5k€6k▲

Recurring financial charges65€5k€6k▲

Profit (loss) for the period before taxes9903€61k€13k▼

Income taxes67/77€19k€6k▼

Profit (loss) for the period9904€42k€8k▼

Profit (loss) for the period to be appropriated9905€42k€8k▼

Appropriation of the result

Profit (loss) to be appropriated9906€60k€68k▲

Profit (loss) brought forward from the previous period14P€18k€60k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 9Financial 3Filings 6

2025

01-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 32 days late

2024

31-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 153 days late

2023

31-12

Financial Back to profitnet €42k

Net result €42k after one loss-making year.

07-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 68 days late

2022

31-12

Financial Weakest financial yearnet €-115k ▼494%

Net result drops to €-115k, the lowest in the series; recovery starts the following year.

28-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 120 days late

2021

18-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 110 days late

2020

31-12

Financial Equity above €100kEq €112k ▲32.5%

2 profitable years in a row build equity to €112k.

30-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 61 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Asse · 1 establishment unit since 2018

establishment The establishment unit on the map

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.

Langestraat 151730 Asse

Ground area

525 m²

Building footprint

164 m²

Volume, LiDAR

613 m³

Parcel 23322C0249/00F003, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

TOP ADVANCE

Langestraat 15, 1730 AsseManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20182.281.615.489

1 parcel

Flanders 1 (100%)