TOP ASFALIS
ActiveTOP ASFALIS has been active since 2007 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €220k and a net result of €-15k. Equity is growing by ~72.5% per year across the filed fiscal years. Its solvency ranks better than 85% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▲+10
Solvency100=
Growth52=
Track record92
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 29.23 against 15.75 in 2024; short-term debt: 3.4% and cash: 0.7% of total assets), and 20% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-15k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
144 d late
2023
55 d late
2022
30 d late
2021
122 d late
2020
115 d late
2019
119 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€220k▼ 6.4%
2024 · €235k
2018: €8k
2019: €14k
2020: €99k
2021: €48k
2022: €305k
2023: €304k
2024: €235k
2018 → 2025
Total assets
€275k▼ 5.1%
2024 · €290k
2018: €780k
2019: €627k
2020: €946k
2021: €969k
2022: €1.14M
2023: €913k
2024: €290k
2018 → 2025
Net result
€-15k▲ 78.2%
2024 · €-69k
2018: €-450
2019: €6k
2020: €86k
2021: €-51k
2022: €257k
2023: €5k
2024: €-69k
2018 → 2025
Working capital
€265k▼ 1.7%
2024 · €270k
2018: €227k
2019: €-64k
2020: €-46k
2021: €-103k
2022: €298k
2023: €327k
2024: €270k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€305k▲ 535%€304k▼ 0.3%€235k▼ 22.6%€220k▼ 6.4%
Operating result€-4k-€396k€107k▼ 73.0%€3k▼ 97.5%€-22k
Net result€-51k-€257k€5k▼ 97.9%€-69k€-15k▲ 78.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €22k after €3k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €275k
Fixed assets
€504▼ 73.5%
Current assets
€275k▼ 4.7%
Equity and liabilities €275k
Equity
€220k▼ 6.4%
Debt
€55k▲ 0.3%
The debt ratio rises from 19.0% to 20.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-21k▼
2024 · €5k
Cash flow
€-14k▲
2024 · €-67k
Solvency
80.0%▼
2024 · 81.0%
Current ratio
29.23▲
2024 · 15.75
Quick ratio
29.23▲
2024 · 15.75
Debt / equity
0.25▲
2024 · 0.23
ROE
-6.8%▲
2024 · -29.3%
ROA
-5.4%▲
2024 · -23.7%
Interest coverage
-2.73▼
2024 · 0.21
Debt
€55k▲
2024 · €55k
Debt ≤ 1 year
€9k▼
2024 · €18k
Debt > 1 year
€46k▲
2024 · €37k
Income taxes
€1k▼
2024 · €49k
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€290k€275k▼
Fixed assets21/28€2k€504▼
Tangible fixed assets22/27€2k€504▼
Plant, machinery and equipment23€289-
Furniture and vehicles24€2k€504▼
Current assets29/58€288k€275k▼
Amounts receivable within one year40/41€287k€273k▼
Other amounts receivable41€287k€273k▼
Cash at bank and in hand54/58€832€2k▲
Equity and liabilities
Total equity and liabilities10/49€290k€275k▼
Equity10/15€235k€220k▼
Reserves13€21k€21k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€214k€199k▼
Amounts payable17/49€55k€55k▲
Amounts payable after more than one year17€37k€46k▲
Financial debts170/4€37k€46k▲
Amounts payable within one year42/48€18k€9k▼
Current portion of amounts payable after more than one year42€7k€2k▼
Trade debts44€956-
Suppliers440/4€956-
Taxes, remuneration and social security45€10k€7k▼
Taxes450/3€10k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€7k€6k▼
Non-recurring operating charges66A€13k-
Gross operating margin9900€25k€-15k▼
Operating profit (loss)9901€3k€-22k▼
Financial income75/76B€26€15k▲
Recurring financial income75€26€15k▲
Financial charges65/66B€22k€8k▼
Recurring financial charges65€22k€8k▼
Profit (loss) for the period before taxes9903€-19k€-14k▲
Income taxes67/77€49k€1k▼
Profit (loss) for the period9904€-69k€-15k▲
Profit (loss) for the period to be appropriated9905€-69k€-15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€214k€199k▼
Profit (loss) brought forward from the previous period14P€283k€214k▼
The notes to these accounts (6 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
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 144 days late
05-09
KBO administration
Address struck
2024
31-12
Financial
Weakest financial yearnet €-69k ▼1399%
Net result drops to €-69k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 10current ratio 15.75
Current ratio from 1.62 to 15.75; short-term debt falls from €528k to €18k.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €257k
Net result €257k after one loss-making year.
31-12
Financial
Equity above €200kEq €305k ▲535%
Equity rises from €48k to €305k.
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 115 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
05-03
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 217 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
19-05-2020
Michaël DIAKONIS: Resigned as Director
15-03-2010
Bertoux Pierre: Resigned as Manager
Location & real-estate footprint
Registered office, Koekelberg · 1 establishment unit since 2007
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.
Pantheonlaan 881081 KoekelbergGround area
946 m²
Building footprint
483 m²
Volume, LiDAR
9,757 m³
Parcel 21011A0040/00A013, Brussels · tallest building 23.5 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Pantheonlaan 88, 1081 Koekelberg
since 20072.169.058.867
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21011A0040/00A013 | Brussels | 946 m² | 1 · 482 m² | 23.5 m · 7 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.
Similar companies · same sector, comparable size
MIAHALI
BE 0836.414.469
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SOTRAD WATER REAL ESTATE
BE 0728.924.118
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ISTIJD
BE 0684.790.207
Zulte · Eq €220k
DIVINCO
BE 0895.218.245
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VM24
BE 0768.384.906
Sint-Jans-Molenbeek · Eq €219k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,859 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-11-2007
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
66220Insurance agents and brokers
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.