TOP COLOR
ActiveThe computed 12-month bankruptcy probability of TOP COLOR is 2.0% (moderate). The 2025 annual accounts show negative equity (€-193k) and a net result of €-471k. Equity is growing by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 8% of 4137 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
20
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-34
Solvency8▼-33
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.95 against 1.33 in 2024; short-term debt: 99.7% and cash: 1.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
-17%
Return on assets
-41.6%
Age of the figures
15 mo
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 · 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 €-193k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-02-2026, 15 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 filingsDeviation from the deadline
2025
15 d late
2024
19 d late
2023
51 d early
2022
77 d early
2021
47 d early
2020
47 d early
2019
57 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-471k
2024 · €6k
2019: €76k
2020: €20k
2021: €117k
2022: €89k
2023: €24k
2024: €6k
2019 → 2025
Working capital
€-52k
2024 · €405k
2019: €-12k
2020: €30k
2021: €151k
2022: €229k
2023: €404k
2024: €405k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€159k-€249k▲ 56.0%€272k▲ 9.6%€278k▲ 2.2%€-193k
Operating result€157k-€123k▼ 21.7%€59k▼ 52.0%€61k▲ 2.7%€-322k
Net result€117k-€89k▼ 23.7%€24k▼ 73.3%€6k▼ 74.7%€-471k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €322k after €61k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.13M
Fixed assets
€56k▼ 24.2%
Current assets
€1.08M▼ 33.5%
Key figures and ratios
EBITDA
€-305k▼
2024 · €79k
Cash flow
€-454k▼
2024 · €24k
Solvency
-17.0%▼
2024 · 16.4%
Current ratio
0.95▼
2024 · 1.33
Quick ratio
0.77▲
2024 · 0.53
Debt / equity
-6.87▼
2024 · 5.08
ROA
-41.6%▼
2024 · 0.4%
Interest coverage
-10.24▼
2024 · 1.76
Debt
€1.33M▼
2024 · €1.41M
Debt ≤ 1 year
€1.13M▼
2024 · €1.21M
Debt > 1 year
€197k▼
2024 · €200k
Income taxes
€120k▲
2024 · €10k
Staff costs
€66k▲
2024 · €61k
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€1.69M€1.13M▼
Fixed assets21/28€73k€56k▼
Tangible fixed assets22/27€28k€11k▼
Plant, machinery and equipment23€2k-
Furniture and vehicles24€13k€7k▼
Leasing and similar rights25€9k€648▼
Other tangible fixed assets26€5k€3k▼
Financial fixed assets28€45k€45k=
Current assets29/58€1.62M€1.08M▼
Stocks and contracts in progress3€974k€212k▼
Stocks30/36€974k€212k▼
Amounts receivable within one year40/41€611k€847k▲
Trade receivables40€609k€835k▲
Other amounts receivable41€2k€12k▲
Cash at bank and in hand54/58€31k€17k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.69M€1.13M▼
Equity10/15€278k€-193k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€258k€-213k▼
Amounts payable17/49€1.41M€1.33M▼
Amounts payable after more than one year17€200k€197k▼
Financial debts170/4€200k€197k▼
Amounts payable within one year42/48€1.21M€1.13M▼
Current portion of amounts payable after more than one year42€77k€10k▼
Financial debts43€331k€319k▼
Credit institutions430/8€331k€319k▼
Trade debts44€722k€255k▼
Suppliers440/4€722k€255k▼
Advances received on contracts in progress46-€175k
Taxes, remuneration and social security45€8k€294k▲
Taxes450/3€3k€281k▲
Remuneration and social security454/9€5k€13k▲
Other amounts payable47/48€76k€76k▲
Income statement
Code20242025
Remuneration, social security and pensions62€61k€66k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€82k€-254k▼
Other operating charges640/8€3k€29k▲
Gross operating margin9900€225k€-464k▼
Operating profit (loss)9901€61k€-322k▼
Financial income75/76B€6€206▲
Recurring financial income75€6€206▲
Financial charges65/66B€45k€30k▼
Recurring financial charges65€45k€30k▼
Profit (loss) for the period before taxes9903€16k€-352k▼
Income taxes67/77€10k€120k▲
Profit (loss) for the period9904€6k€-471k▼
Profit (loss) for the period to be appropriated9905€6k€-471k▼
Appropriation of the result
Profit (loss) to be appropriated9906€258k€-213k▼
Profit (loss) brought forward from the previous period14P€252k€258k▲
The notes to these accounts (8 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
15-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 15 days late
2025
30-06
Financial
Weakest financial yearnet €-471k ▼7931%
Net result drops to €-471k, the lowest in the series.
19-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 19 days late
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Equity above €200kEq €249k ▲56%
4 profitable years in a row build equity to €249k.
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €117k ▲479%
Operating result €157k, net result €117k, both a record.
30-06
Financial
Equity above €150kEq €159k ▲276%
3 profitable years in a row build equity to €159k.
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
05-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
14-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
02-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Schaarbeek · 1 establishment unit since 2019
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.
Josaphatstraat 641030 SchaarbeekGround area
230 m²
Building footprint
104 m²
Volume, LiDAR
1,299 m³
Parcel 21906D0106/00R002, Brussels · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
TOP COLOR
since 20192.295.415.819
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0106/00R002 | Brussels | 230 m² | 1 · 104 m² | 18.3 m · 5 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
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VERMEERSCH SERVICES
BE 0820.879.326
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SALLET J.
BE 0467.515.452
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BERGER Couvin
BE 0455.155.276
Couvin · Eq €283k
Of 1,720 companies in sector 47521 we hold annual accounts for 1,288. 1,029 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-08-2013
Fiscal year end30-06
Activities, NACEBEL
47521Retail sale of hardware, building materials, paint and glass (general range)
47526Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.