TOP CREATIES
ActiveSummary
TOP CREATIES has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €260,603 and a net result of €974. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 4235 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-11
Solvency48▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.86 in 2024; short-term debt: 76.8% and cash: 0.1% of total assets), and 77% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23%
Return on assets
0.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 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
55 d late
2024
14 d early
2023
6 d early
2022
31 d late
2021
8 d late
2020
30 d late
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 8 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€974▼ 48.5%
2024 · €1,891
Working capital
€18,480
2024 · -€76,746
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€54,930€89,289€45,715▼ 48.8%€30,795▼ 32.6%€34,012▲ 10.4%
Net result-€66,422below the sector's middle half€70,243within the sector's middle half€15,559within the sector's middle half▼ 77.9%€1,891below the sector's middle half▼ 87.8%€974within the sector's middle half▼ 48.5%
Equity€171,937within the sector's middle half▼ 27.9%€242,179within the sector's middle half▲ 40.9%€257,738within the sector's middle half▲ 6.4%€259,629within the sector's middle half▲ 0.7%€260,603within the sector's middle half▲ 0.4%
Total assets€1.7mabove the sector's middle half▲ 16.3%€1.1mwithin the sector's middle half▼ 33.6%€1.0mwithin the sector's middle half▼ 7.1%€798,751within the sector's middle half▼ 22.8%€1.1mwithin the sector's middle half▲ 41.8%
Debt€1.5m▲ 25.1%€870,870▼ 42.1%€776,564▼ 10.8%€539,122▼ 30.6%€872,162▲ 61.8%
Working capital€272,932within the sector's middle half▲ 11.1%-€51,129below the sector's middle half-€176,093below the sector's middle half▼ 244%-€76,746below the sector's middle half▲ 56.4%€18,480within the sector's middle half
Solvency10.3%below the sector's middle half▼ 6.3pp21.8%within the sector's middle half▲ 11.5pp24.9%within the sector's middle half▲ 3.2pp32.5%within the sector's middle half▲ 7.6pp23.0%within the sector's middle half▼ 9.5pp
Current ratio1.35within the sector's middle half▼ 0.090.92below the sector's middle half▼ 0.440.77below the sector's middle half▼ 0.150.86below the sector's middle half▲ 0.091.02within the sector's middle half▲ 0.16
Return on assets (ROA)-4.0%below the sector's middle half▼ 6.6pp6.3%within the sector's middle half▲ 10.3pp1.5%within the sector's middle half▼ 4.8pp0.2%below the sector's middle half▼ 1.3pp0.1%within the sector's middle half▼ 0.2pp
Staff (FTE)18.2above the sector's middle half▲ 19.7%17.9above the sector's middle half▼ 1.6%14.9above the sector's middle half▼ 16.8%11.3above the sector's middle half▼ 24.2%6.5within the sector's middle half▼ 42.5%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€237,113 ▼ 27.6%
Current assets
€888,600 ▲ 94.3%
Equity and liabilities €1.1m
Equity
€260,603 ▲ 0.4%
Debt
€872,162 ▲ 61.8%
Debt's share of the balance-sheet total rises from 67.5% to 77.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€133,631▼
2024 · €140,335
Cash flow
€100,593▼
2024 · €111,431
Quick ratio
0.53▲
2024 · 0.08
Debt to equity
3.35▲
2024 · 2.08
ROE
0.4%▼
2024 · 0.7%
Interest coverage
4.67▼
2024 · 6.63
Debt ≤ 1 year
€870,119▲
2024 · €533,968
Income taxes
€4,630▼
2024 · €7,998
Staff costs
€277,914▼
2024 · €486,442
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,980 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,849 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €549,713 | €538,580 | €522,285 | €486,442 | €277,914 | ▼ 42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €92,250 | €109,172 | €113,547 | €109,540 | €99,619 | ▼ 9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €36,065 | €0 | ▼ 100% |
| Other operating charges640/8 | €39,592 | €48,639 | €51,308 | €37,016 | €14,854 | ▼ 59.9% |
| Operating charges capitalised as restructuring costs649 | -€35,363 | - | - | - | - | - |
| Non-recurring operating charges66A | €2,524 | - | - | - | - | - |
| Gross operating margin9900 | €593,786 | €785,680 | €732,856 | €699,858 | €426,399 | ▼ 39.1% |
| Operating profit (loss)9901 | -€54,930 | €89,289 | €45,715 | €30,795 | €34,012 | ▲ 10.4% |
| Financial income75/76B | €1,473 | €167 | €736 | €274 | €200 | ▼ 26.9% |
| Recurring financial income75 | €1,473 | €167 | €736 | €274 | €200 | ▼ 26.9% |
| Financial charges65/66B | €12,714 | €18,884 | €25,718 | €21,179 | €28,608 | ▲ 35.1% |
| Recurring financial charges65 | €12,714 | €18,884 | €25,718 | €21,179 | €28,608 | ▲ 35.1% |
| Profit (loss) for the period before taxes9903 | -€66,170 | €70,572 | €20,734 | €9,889 | €5,604 | ▼ 43.3% |
| Income taxes67/77 | €252 | €329 | €5,175 | €7,998 | €4,630 | ▼ 42.1% |
| Profit (loss) for the period9904 | -€66,422 | €70,243 | €15,559 | €1,891 | €974 | ▼ 48.5% |
| Profit (loss) for the period to be appropriated9905 | -€66,422 | €70,243 | €15,559 | €1,891 | €974 | ▼ 48.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.1m | €1.0m | €798,751 | €1.1m | ▲ 41.8% |
| Formation expenses20 | €35,343 | €28,271 | €21,198 | €14,126 | €7,053 | ▼ 50.1% |
| Fixed assets21/28 | €590,661 | €527,616 | €429,871 | €327,404 | €237,113 | ▼ 27.6% |
| Intangible fixed assets21 | €551,619 | €470,732 | €389,845 | €308,958 | €228,071 | ▼ 26.2% |
| Tangible fixed assets22/27 | €39,042 | €56,884 | €40,026 | €18,446 | €9,041 | ▼ 51.0% |
| Plant, machinery and equipment23 | €695 | €6,747 | €2,171 | €671 | €304 | ▼ 54.6% |
| Furniture and vehicles24 | €8,624 | €3,325 | €1,859 | €944 | €1,775 | ▲ 88.0% |
| Leasing and similar rights25 | - | €28,405 | €15,838 | €3,271 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €29,723 | €18,407 | €20,158 | €13,560 | €6,961 | ▼ 48.7% |
| Current assets29/58 | €1.1m | €557,162 | €583,233 | €457,222 | €888,600 | ▲ 94.3% |
| Stocks and contracts in progress3 | €683,522 | €521,865 | €491,611 | €416,342 | €431,519 | ▲ 3.6% |
| Stocks30/36 | €683,522 | €521,865 | €491,611 | €416,342 | €431,519 | ▲ 3.6% |
| Amounts receivable within one year40/41 | €290,062 | €25,233 | €46,606 | €22,874 | €455,041 | ▲ 1,889% |
| Trade receivables40 | €101,398 | €9,651 | €15,960 | €9,179 | €429,933 | ▲ 4,584% |
| Other amounts receivable41 | €188,663 | €15,582 | €30,647 | €13,695 | €25,108 | ▲ 83.3% |
| Current investments50/53 | €0 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €69,207 | - | €34,758 | €6,749 | €1,514 | ▼ 77.6% |
| Deferred charges and accrued income490/1 | €7,360 | €10,064 | €10,258 | €11,257 | €526 | ▼ 95.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.1m | €1.0m | €798,751 | €1.1m | ▲ 41.8% |
| Equity10/15 | €171,937 | €242,179 | €257,738 | €259,629 | €260,603 | ▲ 0.4% |
| Contributions10/11 | €68,171 | €68,171 | €68,171 | €68,171 | €68,171 | = |
| Capital10 | €68,171 | €68,171 | €68,171 | €68,171 | €68,171 | = |
| Issued capital100 | €68,171 | €68,171 | €68,171 | €68,171 | €68,171 | = |
| Reserves13 | €6,817 | €6,817 | €6,817 | €6,817 | €6,817 | = |
| Non-distributable reserves130/1 | €6,817 | €6,817 | €6,817 | €6,817 | €6,817 | = |
| Legal reserve130 | €6,817 | €6,817 | €6,817 | €6,817 | €6,817 | = |
| Profit (loss) carried forward14 | €96,949 | €167,192 | €182,750 | €184,642 | €185,615 | ▲ 0.5% |
| Amounts payable17/49 | €1.5m | €870,870 | €776,564 | €539,122 | €872,162 | ▲ 61.8% |
| Amounts payable after more than one year17 | €705,000 | €262,578 | €14,609 | €0 | - | - |
| Financial debts170/4 | €705,000 | €262,578 | €14,609 | €0 | - | - |
| Amounts payable within one year42/48 | €777,219 | €608,292 | €759,326 | €533,968 | €870,119 | ▲ 63.0% |
| Current portion of amounts payable after more than one year42 | €0 | €12,525 | €12,649 | €3,182 | €0 | ▼ 100% |
| Financial debts43 | €245,295 | €144,869 | €250,000 | €200,000 | €272,859 | ▲ 36.4% |
| Credit institutions430/8 | €245,295 | €144,869 | €250,000 | €200,000 | €272,859 | ▲ 36.4% |
| Trade debts44 | €320,386 | €218,046 | €263,162 | €96,065 | €446,702 | ▲ 365% |
| Suppliers440/4 | €320,386 | €218,046 | €263,162 | €96,065 | €446,702 | ▲ 365% |
| Advances received on contracts in progress46 | - | - | €245 | €245 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €201,820 | €164,939 | €168,861 | €176,965 | €105,134 | ▼ 40.6% |
| Taxes450/3 | €95,255 | €104,275 | €88,714 | €119,579 | €70,307 | ▼ 41.2% |
| Remuneration and social security454/9 | €106,566 | €60,665 | €80,147 | €57,386 | €34,826 | ▼ 39.3% |
| Other amounts payable47/48 | €9,718 | €67,912 | €64,408 | €57,510 | €45,425 | ▼ 21.0% |
| Accrued charges and deferred income492/3 | €22,000 | - | €2,629 | €5,154 | €2,043 | ▼ 60.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€66,422 | €70,243 | €15,559 | €1,891 | €974 | ▼ 48.5% |
| + Depreciation and write-downs630 | €92,250 | €109,172 | €113,547 | €109,540 | €99,619 | ▼ 9.1% |
| Operating cash flow (approximation) | €25,828 | €179,415 | €129,106 | €111,431 | €100,593 | ▼ 9.7% |
| Investment in fixed assets (approximation) | - | -€46,127 | -€15,803 | -€7,073 | -€9,328 | ▼ 31.9% |
| Change in cash | - | - | - | -€28,010 | -€5,235 | ▲ 81.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 55 days late
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €70,243
Net result €70,243 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €242,179 ▲40.9%
Equity rises from €171,937 to €242,179.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2021
31-12
Financial
Weakest financial yearnet -€66,422
Net result drops to -€66,422, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
31-12
Financial
Equity above €200,000Eq €200,008 ▲8.5%
2 profitable years in a row build equity to €200,008.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Genk · 2 establishment units since 2000
Ground area
1.5 ha
Building footprint
3,038 m²
Volume, LiDAR
16,342 m³
2 parcels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
TOP CREATIES
since 20002.077.966.365
Top Creaties - Maison Lab
since 20062.159.496.845
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0002/00H029 | Flanders | 1.2 ha | 1 · 2,321 m² | 7.9 m · 2 fl. |
| 71306G0215/00W131 | Flanders | 2,334 m² | 1 · 717 m² | 11.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- S.T.D.
- TOP CREATIES
Highest known parent: S.T.D.. The sources do not say who stands above it.
Owners 1
- S.T.D.parentSourceaccounts S.T.D. 202599.96%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Identification & contact
Identification
Legal formPublic limited company
Founded10-05-1996
Fiscal year end31-12
Activities, NACEBEL 2025
47512Retail sale of household textiles and bedding
46423Wholesale of clothing, excluding workwear and underwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458025090
Also
9925:BE0458025090
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.