TOP BELGIAN BRANDS
ActiveTOP BELGIAN BRANDS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-9k) and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
30
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+44
Solvency3▼-20
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.4 against 9.11 in 2024; short-term debt: 122.1% and cash: 1.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 2025Solvency, return and age of the figures
Solvency
-22.1%
Return on assets
-12.3%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-9k
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 10-10-2025, 21 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
21 d early
2024
31 d early
2023
11 d early
2022
32 d early
2021
26 d early
2020
2 d early
2019
1 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 close22-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-9k▼ 125%
2024 · €-4k
2019: €-22k
2020: €-36k
2021: €-70k
2022: €-76k
2023: €11k
2024: €-4k
2019 → 2025
Total assets
€40k▼ 78.7%
2024 · €190k
2019: €130k
2020: €131k
2021: €109k
2022: €85k
2023: €172k
2024: €190k
2019 → 2025
Net result
€-5k▲ 66.8%
2024 · €-15k
2019: €-15k
2020: €-14k
2021: €-34k
2022: €-6k
2023: €87k
2024: €-15k
2019 → 2025
Working capital
€-30k
2024 · €139k
2019: €30k
2020: €29k
2021: €8k
2022: €26k
2023: €126k
2024: €139k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-70k-€-76k▼ 9.0%€11k€-4k€-9k▼ 125%
Operating result€-34k-€-16k▲ 54.5%€87k€-15k€-5k▲ 67.6%
Net result€-34k-€-6k▲ 81.4%€87k€-15k€-5k▲ 66.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €15k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40k
Fixed assets
€21k▼ 38.2%
Current assets
€19k▼ 87.5%
Key figures and ratios
EBITDA
€8k▲
2024 · €-2k
Cash flow
€8k▲
2024 · €-2k
Solvency
-22.1%▼
2024 · -2.1%
Current ratio
0.40▼
2024 · 9.11
Quick ratio
0.40▼
2024 · 9.11
Debt / equity
-5.52▲
2024 · -48.91
ROA
-12.3%▼
2024 · -7.9%
Interest coverage
44.42▲
2024 · -9.78
Debt
€49k▼
2024 · €194k
Debt ≤ 1 year
€49k▲
2024 · €17k
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€190k€40k▼
Fixed assets21/28€34k€21k▼
Intangible fixed assets21€33k€20k▼
Financial fixed assets28€440€440=
Current assets29/58€156k€19k▼
Amounts receivable within one year40/41€155k€12k▼
Trade receivables40€26k€10k▼
Other amounts receivable41€129k€1k▼
Cash at bank and in hand54/58€973€531▼
Deferred charges and accrued income490/1-€7k
Equity and liabilities
Total equity and liabilities10/49€190k€40k▼
Equity10/15€-4k€-9k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-23k€-28k▼
Amounts payable17/49€194k€49k▼
Amounts payable after more than one year17€177k-
Other amounts payable178/9€177k-
Amounts payable within one year42/48€17k€49k▲
Trade debts44-€14k
Suppliers440/4-€14k
Taxes, remuneration and social security45€3k-
Taxes450/3€3k-
Other amounts payable47/48€14k€36k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€666€528▼
Gross operating margin9900€-1k€9k▲
Operating profit (loss)9901€-15k€-5k▲
Financial charges65/66B€190€183▼
Recurring financial charges65€190€183▼
Profit (loss) for the period before taxes9903€-15k€-5k▲
Profit (loss) for the period9904€-15k€-5k▲
Profit (loss) for the period to be appropriated9905€-15k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€-28k▼
Profit (loss) brought forward from the previous period14P€-8k€-23k▼
The notes to these accounts (5 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
10-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Back to profitnet €87k
Net result €87k after 4 loss-making years.
31-03
Financial
Liquidity times 5current ratio 1131.15
Current ratio from 232.39 to 1131.15.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Liquidity times 182current ratio 232.39
Current ratio from 1.28 to 232.39; short-term debt falls from €28k to €111.
2021
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zulte · 1 establishment unit since 2016
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.
Oudenaardestraat 162B9870 ZulteGround area
1.6 ha
Building footprint
6,403 m²
Volume, LiDAR
43,100 m³
Parcel 44050B0936/00F000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TOP BELGIAN BRANDS
since 20162.264.749.565
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44050B0936/00F000 | Flanders | 1.6 ha | 1 · 6,403 m² | 8.7 m · 2 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 421 companies in sector 77400 we hold annual accounts for 152. 73 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-11-2016
Fiscal year end31-03
Activities, NACEBEL
77400Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.