TOP CREATIF
ActiveSummary
The computed 12-month bankruptcy probability of TOP CREATIF is 3.2% (moderate). The 2024 annual accounts show equity of €92,227 and a net result of -€4,311. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 27% of 9982 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability51▼-7
Solvency45▲+4
Growth35▼-17
Track record92
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.15 against 1.18 in 2023; short-term debt: 15.4% and cash: 2.2% of total assets), and 80.3% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
19.7%
Return on assets
-0.9%
Age of the figures
21 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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-12-2025, 151 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
151 d late
2023
152 d late
2022
151 d late
2021
122 d late
2020
121 d late
2019
175 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€161,356▼ 8.4%
2023 · €176,147
EBIT margin
13.6%▼ 4.1pp
2023 · 17.7%
Net result
-€4,311
2023 · €5,619
Working capital
€10,543▼ 68.9%
2023 · €33,923
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€479,695▲ 40.1%€383,464▼ 20.1%€402,144▲ 4.9%€176,147▼ 56.2%€161,356▼ 8.4%
Operating result€22,930▲ 100%€22,301▼ 2.7%€26,058▲ 16.8%€31,242▲ 19.9%€22,018▼ 29.5%
Net result€22,280▲ 163%€6,027▼ 73.0%€183▼ 97.0%€5,619▲ 2,966%-€4,311
EBIT margin4.8%▲ 1.4pp5.8%▲ 1.0pp6.5%▲ 0.7pp17.7%▲ 11.3pp13.6%▼ 4.1pp
Equity€84,709▲ 35.7%€90,736▲ 7.1%€90,919▲ 0.2%€96,538▲ 6.2%€92,227▼ 4.5%
Total assets€200,673▲ 15.4%€494,411▲ 146%€616,052▲ 24.6%€615,626▼ 0.1%€468,479▼ 23.9%
Debt€115,965▲ 4.0%€403,676▲ 248%€525,133▲ 30.1%€519,088▼ 1.2%€376,252▼ 27.5%
Working capital€57,257€30,636▼ 46.5%€20,319▼ 33.7%€33,923▲ 67.0%€10,543▼ 68.9%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 30% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €468,479
Fixed assets
€385,707 ▼ 1.5%
Current assets
€82,772 ▼ 63.1%
Equity and liabilities €468,479
Equity
€92,227 ▼ 4.5%
Debt
€376,252 ▼ 27.5%
Debt's share of the balance-sheet total falls from 84.3% to 80.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€30,643▼
2023 · €51,062
Cash flow
€4,314▼
2023 · €25,439
Current ratio
1.15▼
2023 · 1.18
Debt to equity
4.08▼
2023 · 5.38
ROE
-4.7%▼
2023 · 5.8%
ROA
-0.9%▼
2023 · 0.9%
Interest coverage
1.38▼
2023 · 1.99
Debt ≤ 1 year
€72,230▼
2023 · €190,302
Debt > 1 year
€295,621▼
2023 · €317,928
Income taxes
€4,124
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €479,695 | €383,464 | €402,144 | €176,147 | €161,356 | ▼ 8.4% |
| Goods, raw materials, services and sundry goods60/61 | - | €311,432 | €375,656 | €120,349 | €130,150 | ▲ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,009 | €7,625 | - | €19,820 | €8,625 | ▼ 56.5% |
| Other operating charges640/8 | - | €42,106 | €430 | €4,737 | €563 | ▼ 88.1% |
| Gross operating margin9900 | €30,925 | €72,032 | €26,488 | €55,798 | €31,206 | ▼ 44.1% |
| Operating profit (loss)9901 | €22,930 | €22,301 | €26,058 | €31,242 | €22,018 | ▼ 29.5% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | - | €13,774 | €21,643 | €25,623 | €22,205 | ▼ 13.3% |
| Recurring financial charges65 | €650 | €13,774 | €21,643 | €25,623 | €22,205 | ▼ 13.3% |
| Profit (loss) for the period before taxes9903 | €22,280 | €8,527 | €4,415 | €5,619 | -€187 | ▼ 103% |
| Income taxes67/77 | - | €2,500 | €4,232 | - | €4,124 | - |
| Profit (loss) for the period9904 | €22,280 | €6,027 | €183 | €5,619 | -€4,311 | ▼ 177% |
| Profit (loss) for the period to be appropriated9905 | €22,280 | €6,027 | €183 | €5,619 | -€4,311 | ▼ 177% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €200,673 | €494,411 | €616,052 | €615,626 | €468,479 | ▼ 23.9% |
| Fixed assets21/28 | €66,346 | €405,721 | €411,221 | €391,401 | €385,707 | ▼ 1.5% |
| Tangible fixed assets22/27 | €66,346 | €405,721 | €411,221 | €391,401 | €385,707 | ▼ 1.5% |
| Land and buildings22 | - | €389,944 | €389,944 | €370,857 | €362,262 | ▼ 2.3% |
| Furniture and vehicles24 | - | €15,777 | €21,277 | €20,544 | €23,445 | ▲ 14.1% |
| Current assets29/58 | €134,328 | €88,691 | €204,831 | €224,225 | €82,772 | ▼ 63.1% |
| Amounts receivable within one year40/41 | €112,215 | €56,084 | €190,865 | €213,346 | €72,691 | ▼ 65.9% |
| Trade receivables40 | - | €41,280 | €179,791 | €191,285 | €62,867 | ▼ 67.1% |
| Other amounts receivable41 | - | €14,804 | €11,074 | €22,061 | €9,824 | ▼ 55.5% |
| Cash at bank and in hand54/58 | €22,113 | €30,012 | €13,966 | €10,879 | €10,081 | ▼ 7.3% |
| Deferred charges and accrued income490/1 | - | €2,594 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €200,673 | €494,411 | €616,052 | €615,626 | €468,479 | ▼ 23.9% |
| Equity10/15 | €84,709 | €90,736 | €90,919 | €96,538 | €92,227 | ▼ 4.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €76,649 | €82,676 | €82,859 | €88,478 | €84,167 | ▼ 4.9% |
| Amounts payable17/49 | €115,965 | €403,676 | €525,133 | €519,088 | €376,252 | ▼ 27.5% |
| Amounts payable after more than one year17 | - | €345,621 | €340,621 | €317,928 | €295,621 | ▼ 7.0% |
| Financial debts170/4 | - | €345,621 | €340,621 | €317,928 | €295,621 | ▼ 7.0% |
| Amounts payable within one year42/48 | €77,070 | €58,055 | €184,512 | €190,302 | €72,230 | ▼ 62.0% |
| Current portion of amounts payable after more than one year42 | - | €13,771 | €6,935 | €14,500 | €21,926 | ▲ 51.2% |
| Trade debts44 | €43,700 | - | €160,330 | €123,998 | €17,848 | ▼ 85.6% |
| Suppliers440/4 | - | - | €157,330 | €120,998 | €14,848 | ▼ 87.7% |
| Bills of exchange payable441 | - | - | €3,000 | €3,000 | €3,000 | = |
| Taxes, remuneration and social security45 | - | €890 | - | €10,447 | - | - |
| Taxes450/3 | - | €890 | - | €10,447 | - | - |
| Other amounts payable47/48 | - | €43,394 | €17,246 | €41,357 | €32,456 | ▼ 21.5% |
| Accrued charges and deferred income492/3 | - | - | - | €10,858 | €8,401 | ▼ 22.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,280 | €6,027 | €183 | €5,619 | -€4,311 | ▼ 177% |
| + Depreciation and write-downs630 | €6,009 | €7,625 | - | €19,820 | €8,625 | ▼ 56.5% |
| Operating cash flow (approximation) | €28,289 | €13,652 | €183 | €25,439 | €4,314 | ▼ 83.0% |
| Investment in fixed assets (approximation) | - | -€347,000 | -€5,500 | €0 | -€2,931 | - |
| Change in cash | - | €7,900 | -€16,046 | -€3,087 | -€798 | ▲ 74.1% |
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
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 151 days late
2024
31-12
Financial
Weakest financial yearnet -€4,311
Net result drops to -€4,311, the lowest in the series.
30-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 152 days late
31-10
KBO administration
Address struck
Langevelde 25 1785 L’adresse du siège Langevelde 25 1785 Die Sitzadresse Langevelde 25 1785
Merchtem werd doorgehaald met ingang van Merchtem · event 31-08-2024
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 151 days late
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
22-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 175 days late
2020
31-12
Financial
Highest result since 2018net €22,280 ▲163%
Net result €22,280, the highest in the series.
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 153 days late
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 121 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 122 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has 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
2 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, Merchtem · 1 establishment unit since 2012
Ground area
292 m²
Building footprint
119 m²
Volume, LiDAR
541 m³
Parcel 23052E0296/00C000, Flanders · tallest building 10.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20122.212.369.862
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23052E0296/00C000 | Flanders | 292 m² | 1 · 119 m² | 10.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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
WARZEE Construction
BE 0630.604.126
Hamois · Eq €92,223
DGA-construct
BE 0473.573.695
Gent · Eq €92,263
BRASSCHAATSE WONINGSERVICE
BE 0894.214.393
Brasschaat · Eq €92,268
VD CONSTRUCT
BE 0787.745.809
Kortrijk · Eq €92,273
DA SILVA & Fils
BE 0801.301.558
Herstal · Eq €92,286
Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 13,161 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded14-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.