TOP BUILDING

Active

Private limited companyfounded 20197 yrs activeElisabethlaan 324, 8400 Oostende, BelgiumKBO/BCE: BE 0732.833.911

The computed 12-month bankruptcy probability of TOP BUILDING is 4.4% (elevated). The 2023 annual accounts show equity of €17k and a net result of €-14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 7359 sector peers (fiscal year 2023). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2023

62 / 100

Healthy▼ -23 vs 2022

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2022

Profitability0▼-85

Solvency100=

Growth52=

Stability100

Bankruptcy probability, 12 months

4.4% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days only on tighter terms

Liquidity ample (current ratio 3.73 against 3.46 in 2022), and 28.4% 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

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

+raises risk○neutral

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 2023

Solvency, return and age of the figures

Solvency

71.6%

Return on assets

-57.7%

Age of the figures

35 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

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 →

Two or more financial years not filed

Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 4 filings

Position against the passed deadline

30-09-2024 close30-04-2025 deadline09-09-2026 today

Latest accounts filed on time

The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 30-04-2024, 0 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

on the day

2022

3 d early

2021

25 d early

2020

42 d early

← 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 2023, abbreviated schema

Equity

€17k▼ 44.6%

2022 · €31k

2020: €7k 2021: €26k 2022: €31k

2020 → 2023

Total assets

€24k▼ 45.6%

2022 · €45k

2020: €12k 2021: €38k 2022: €45k

2020 → 2023

Net result

€-14k

2022 · €5k

2020: €6k 2021: €19k 2022: €5k

2020 → 2023

Working capital

€18k▼ 44.0%

2022 · €32k

2020: €7k 2021: €26k 2022: €32k

2020 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2020202120222023Trend

Equity€7k-€26k▲ 267%€31k▲ 20.5%€17k▼ 44.6%

Operating result€9k-€26k▲ 207%€7k▼ 71.5%€-13k

Net result€6k-€19k▲ 211%€5k▼ 71.8%€-14k

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

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2023: a loss of €13k after €7k in 2022, the lowest year so far.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Equity and liabilities €24k

71.6%

28.4%

Equity €17k▼ 44.6%

Debt €7k▼ 48.0%

The debt ratio falls from 29.7% to 28.4%: debt falls faster than equity shrinks.

Key figures and ratios

2023 value · change against 2022

Solvency

71.6%▲

2022 · 70.3%

Current ratio

3.73▲

2022 · 3.46

Quick ratio

2.93▲

2022 · 1.49

Debt / equity

0.40▼

2022 · 0.42

ROE

-80.6%▼

2022 · 17.0%

ROA

-57.7%▼

2022 · 12.0%

Debt

€7k▼

2022 · €13k

Debt ≤ 1 year

€7k▼

2022 · €13k

Income taxes

€714▼

2022 · €2k

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 · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€45k€24k▼

Current assets29/58€45k€24k▼

Stocks and contracts in progress3€25k€5k▼

Contracts in progress37€25k€5k▼

Amounts receivable within one year40/41€19k€19k▼

Trade receivables40€18k€19k▲

Other amounts receivable41€1k€609▼

Cash at bank and in hand54/58€50€4▼

Equity and liabilities

Total equity and liabilities10/49€45k€24k▼

Equity10/15€31k€17k▼

Contributions10/11€1k€1k=

Reserves13€30k€30k=

Distributable reserves133€30k€30k=

Profit (loss) carried forward14-€-14k

Amounts payable17/49€13k€7k▼

Amounts payable within one year42/48€13k€7k▼

Trade debts44€656€1k▲

Suppliers440/4€656€1k▲

Taxes, remuneration and social security45€10k€3k▼

Taxes450/3€10k€3k▼

Other amounts payable47/48€2k€3k▲

Accrued charges and deferred income492/3€348€384▲

Income statement Code20222023

Other operating charges640/8€111€112▲

Gross operating margin9900€8k€-13k▼

Operating profit (loss)9901€7k€-13k▼

Financial income75/76B€0€0▼

Recurring financial income75€0€0▼

Financial charges65/66B€84€120▲

Recurring financial charges65€84€120▲

Profit (loss) for the period before taxes9903€7k€-13k▼

Income taxes67/77€2k€714▼

Profit (loss) for the period9904€5k€-14k▼

Profit (loss) for the period to be appropriated9905€5k€-14k▼

Appropriation of the result

Profit (loss) to be appropriated9906€5k€-14k▼

Transfer to equity691/2€5k€0▼

To other reserves6921€5k€0▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2024

30-04

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

30-09

Financial Weakest financial yearnet €-14k ▼362%

Net result drops to €-14k, the lowest in the series.

27-04

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

05-04

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

30-09

Financial Highest result since 2020net €19k ▲211%

Operating result €26k, net result €19k, both a record.

19-03

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

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

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 act for this company is 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, Oostende · 1 establishment unit since 2019

exact location from the address register On OpenStreetMap

Ground area

59 m²

Building footprint

65 m²

Volume, LiDAR

498 m³

Parcel 35383C0435/00D009, Flanders · tallest building 14.8 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

TOP BUILDING

Elisabethlaan 324, 8400 OostendeManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20192.292.861.551

1 parcel

Flanders 1 (100%)