TOP - CHOICE

Active

Private limited companyfounded 198738 yrs activeOoigemstraat 24, 8710 Wielsbeke, BelgiumKBO/BCE: BE 0433.035.219

TOP - CHOICE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €608k and a net result of €4k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 15867 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2024

78 / 100

Excellent

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

Axes · tick = 2023

Profitability54▼-20

Solvency100=

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €45k at 30 days acceptable

Liquidity ample (current ratio 5.76 against 7.17 in 2023; short-term debt: 13.6% and cash: 17.5% of total assets), and 22.7% 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

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

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

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 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

77.3%

Return on assets

0.5%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

19 d late

2023

38 d late

2022

18 d early

2021

19 d late

2020

26 d early

2019

8 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 2024, micro schema

Equity

€608k▼ 1.8%

2023 · €619k

2018: €298k 2019: €370k 2020: €509k 2021: €564k 2022: €587k 2023: €619k

2018 → 2024

Total assets

€787k▼ 0.6%

2023 · €792k

2018: €658k 2019: €651k 2020: €839k 2021: €835k 2022: €826k 2023: €792k

2018 → 2024

Net result

€4k▼ 88.3%

2023 · €32k

2018: €15k 2019: €72k 2020: €138k 2021: €56k 2022: €54k 2023: €32k

2018 → 2024

Working capital

€508k=

2023 · €508k

2018: €107k 2019: €178k 2020: €418k 2021: €451k 2022: €450k 2023: €508k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€509k-€564k▲ 10.9%€587k▲ 4.0%€619k▲ 5.5%€608k▼ 1.8%

Operating result€209k-€95k▼ 54.6%€90k▼ 5.5%€39k▼ 57.0%€-2k

Net result€138k-€56k▼ 59.9%€54k▼ 3.1%€32k▼ 39.7%€4k▼ 88.3%

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

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €2k after €39k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €787k

21.9%

78.1%

Fixed assets €172k▼ 14.4%

Current assets €615k▲ 4.1%

Equity and liabilities €787k

77.3%

22.7%

Equity €608k▼ 1.8%

Debt €179k▲ 3.7%

The debt ratio rises from 21.8% to 22.7%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€35k▼

2023 · €77k

Cash flow

€41k▼

2023 · €71k

Solvency

77.3%▼

2023 · 78.2%

Current ratio

5.76▼

2023 · 7.17

Quick ratio

3.10▼

2023 · 4.55

Debt / equity

0.29▲

2023 · 0.28

ROE

0.6%▼

2023 · 5.2%

ROA

0.5%▼

2023 · 4.1%

Interest coverage

4.13▼

2023 · 6.18

Debt

€179k▲

2023 · €173k

Debt ≤ 1 year

€107k▲

2023 · €82k

Debt > 1 year

€67k▼

2023 · €90k

Income taxes

€6k▼

2023 · €17k

Staff costs

€51k▲

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€792k€787k▼

Fixed assets21/28€201k€172k▼

Intangible fixed assets21€2k€1k▼

Tangible fixed assets22/27€191k€163k▼

Land and buildings22€156k€139k▼

Plant, machinery and equipment23€13k€10k▼

Furniture and vehicles24€10k€14k▲

Leasing and similar rights25€13k€0▼

Financial fixed assets28€8k€8k=

Current assets29/58€591k€615k▲

Stocks and contracts in progress3€215k€284k▲

Stocks30/36€215k€284k▲

Amounts receivable within one year40/41€261k€184k▼

Trade receivables40€259k€179k▼

Other amounts receivable41€2k€6k▲

Cash at bank and in hand54/58€105k€138k▲

Deferred charges and accrued income490/1€10k€9k▼

Equity and liabilities

Total equity and liabilities10/49€792k€787k▼

Equity10/15€619k€608k▼

Contributions10/11€205k€205k=

Reserves13€414k€403k▼

Tax-exempt reserves132€19k€19k=

Distributable reserves133€395k€384k▼

Profit (loss) carried forward14€0€0=

Amounts payable17/49€173k€179k▲

Amounts payable after more than one year17€90k€67k▼

Financial debts170/4€0-

Other amounts payable178/9€90k€67k▼

Amounts payable within one year42/48€82k€107k▲

Current portion of amounts payable after more than one year42€4k€4k▲

Trade debts44€43k€41k▼

Suppliers440/4€43k€41k▼

Taxes, remuneration and social security45€32k€43k▲

Taxes450/3€30k€39k▲

Remuneration and social security454/9€2k€4k▲

Other amounts payable47/48€4k€19k▲

Accrued charges and deferred income492/3€94€5k▲

Income statement Code20232024

Non-recurring operating income76A€0-

Remuneration, social security and pensions62€19k€51k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€37k▼

Other operating charges640/8€14k€10k▼

Non-recurring operating charges66A€0€278▲

Gross operating margin9900€110k€96k▼

Operating profit (loss)9901€39k€-2k▼

Financial income75/76B€23k€21k▼

Recurring financial income75€23k€21k▼

Financial charges65/66B€12k€9k▼

Recurring financial charges65€12k€9k▼

Profit (loss) for the period before taxes9903€49k€10k▼

Income taxes67/77€17k€6k▼

Profit (loss) for the period9904€32k€4k▼

Profit (loss) for the period to be appropriated9905€32k€4k▼

Appropriation of the result

Profit (loss) to be appropriated9906€32k€4k▼

Transfer from equity791/2€0€15k▲

Transfer to equity691/2€32k€4k▼

To other reserves6921€32k€4k▼

Profit to be distributed694/7€0€15k▲

Return on contributions (dividend)694€0€15k▲

Social balance

Average headcount (FTE)90870.8-

The notes to these accounts (12 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 14Financial 4Filings 10

2025

19-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 19 days late

2024

31-12

Financial Weakest financial yearnet €4k ▼88.3%

Net result drops to €4k, the lowest in the series.

07-09

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 38 days late

2023

13-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

19-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 19 days late

2021

05-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Highest result since 2018net €138k ▲91.4%

Operating result €209k, net result €138k, both a record.

31-12

Financial Liquidity doublescurrent ratio 4.32

Current ratio from 1.87 to 4.32; short-term debt falls from €206k to €126k.

31-12

Financial Equity above €500kEq €509k ▲37.4%

3 profitable years in a row build equity to €509k.

23-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

02-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

22-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

26-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

15-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated 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, Wielsbeke · 1 establishment unit since 1988

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.

Ooigemstraat 248710 Wielsbeke

Ground area

5,289 m²

Building footprint

4,324 m²

Volume, LiDAR

23,576 m³

Parcel 37017B0444/00G000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

TOP-CHOICE BVBA

Ooigemstraat 24, 8710 WielsbekeRetail sale of household textiles and bedding

since 19882.036.423.641

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
37017B0444/00G000	Flanders	5,289 m²	1 · 4,324 m²	7.7 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.

Public money · subsidies and aid

Flemish government

2022 to 2024 · 3 entries · 4,727 EUR awarded · 4,727 EUR paid

Year	Entries	awarded	paid
2024	1	227 EUR	227 EUR
2022	2	4,500 EUR	4,500 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 227 EUR · 227 EUR paid · Fonds voor Innoveren en Ondernemen

Subsidies voor internationaal ondernemen

1 entry · 4,500 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen

Recognitions · licences · registrations

Legal Entity Identifier

549300R57OIKT0M41I13

live in the LEI register

Similar companies · same sector, comparable size

Of 192 companies in sector 46421 we hold annual accounts for 129. 91 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded31-12-1987

Fiscal year end31-12

Activities, NACEBEL

46419Wholesale trade

46421Wholesale trade

Sources

Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.