TOP DEVELOPMENT
Open bankruptcyA bankruptcy procedure is open for TOP DEVELOPMENT according to publications in the Belgian State Gazette; curator: JACQUES PIRON. The 2022 annual accounts show equity of €15k and a net result of €-119k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-08-2022 was due by 31-03-2023 and was filed on 07-04-2023, 7 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 · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
7 d late
2021
28 d late
2020
9 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-119k
2021 · €37k
2020: €125k
2021: €37k
2020 → 2022
Working capital
€30k▼ 77.3%
2021 · €132k
2020: €60k
2021: €132k
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Equity€96k-€134k▲ 38.8%€15k▼ 89.1%
Operating result€155k-€51k▼ 67.3%€-110k
Net result€125k-€37k▼ 70.2%€-119k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €110k after €51k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €272k
Fixed assets
€54k▲ 18.3%
Current assets
€217k▼ 33.5%
Equity and liabilities €272k
Equity
€15k▼ 89.1%
Debt
€257k▲ 7.6%
The debt ratio rises from 64.1% to 94.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-80k▼
2021 · €65k
Cash flow
€-89k▼
2021 · €52k
Solvency
5.3%▼
2021 · 35.9%
Current ratio
1.16▼
2021 · 1.68
Quick ratio
1.15▼
2021 · 1.68
Debt / equity
17.70▲
2021 · 1.79
ROE
-819.6%▼
2021 · 27.9%
ROA
-43.8%▼
2021 · 10.0%
Interest coverage
-8.98▼
2021 · 19.85
Debt
€257k▲
2021 · €239k
Debt ≤ 1 year
€187k▼
2021 · €195k
Debt > 1 year
€70k▲
2021 · €44k
Income taxes
€775▼
2021 · €11k
Staff costs
€15k▼
2021 · €23k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€373k€272k▼
Fixed assets21/28€46k€54k▲
Tangible fixed assets22/27€45k€53k▲
Plant, machinery and equipment23€11k€8k▼
Furniture and vehicles24€34k€45k▲
Financial fixed assets28€1k€1k=
Current assets29/58€327k€217k▼
Stocks and contracts in progress3-€2k
Stocks30/36-€2k
Amounts receivable within one year40/41€247k€213k▼
Trade receivables40€245k€209k▼
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€28k€2k▼
Deferred charges and accrued income490/1€51k€1k▼
Equity and liabilities
Total equity and liabilities10/49€373k€272k▼
Equity10/15€134k€15k▼
Contributions10/11€1k€1k=
Profit (loss) carried forward14€133k€14k▼
Amounts payable17/49€239k€257k▲
Amounts payable after more than one year17€44k€70k▲
Financial debts170/4€44k€70k▲
Amounts payable within one year42/48€195k€187k▼
Current portion of amounts payable after more than one year42€10k€35k▲
Trade debts44€98k€81k▼
Suppliers440/4€98k€81k▼
Taxes, remuneration and social security45€33k€13k▼
Taxes450/3€13k€4k▼
Remuneration and social security454/9€19k€9k▼
Other amounts payable47/48€54k€58k▲
Income statement
Code20212022
Remuneration, social security and pensions62€23k€15k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€30k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€480k-
Other operating charges640/8€6k€11k▲
Non-recurring operating charges66A€40k-
Gross operating margin9900€614k€-53k▼
Operating profit (loss)9901€51k€-110k▼
Financial income75/76B€562€601▲
Recurring financial income75€562€601▲
Financial charges65/66B€3k€9k▲
Recurring financial charges65€3k€9k▲
Profit (loss) for the period before taxes9903€48k€-118k▼
Income taxes67/77€11k€775▼
Profit (loss) for the period9904€37k€-119k▼
Profit (loss) for the period to be appropriated9905€37k€-119k▼
Appropriation of the result
Profit (loss) to be appropriated9906€133k€14k▼
Profit (loss) brought forward from the previous period14P€95k€133k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
24-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · TOP DEVELOPMENT SRL AVENUE DE LA NIVEOLE 23, 1020 LAEKEN · event 15-01-2024
2023
07-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-08
Financial
Weakest financial yearnet €-119k ▼419%
Net result drops to €-119k, the lowest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 28 days late
2021
31-08
Financial
Equity above €100kEq €134k ▲38.8%
2 profitable years in a row build equity to €134k.
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brussel · 1 establishment unit since 2020
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.
Lenteklokjeslaan 231020 BrusselGround area
423 m²
Building footprint
107 m²
Volume, LiDAR
1,179 m³
Parcel 21819C0155/00G000, Brussels · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
TOP DEVELOPMENT
since 20202.298.888.815
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819C0155/00G000 | Brussels | 423 m² | 1 · 107 m² | 14.0 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JACQUES PIRON AVENUE DE LA TOISON D’OR 77,
1060 SAINT-GILLES |
15-01-2024 → present |
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Of 7,042 companies in sector 43221 we hold annual accounts for 3,471. 2,153 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-01-2020
Fiscal year end31-08
Activities, NACEBEL
43221Plumbing work
43320Joinery installation
43341Painting of buildings
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.