TOP ESPACE
ActiveSummary
TOP ESPACE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €220,154 and a net result of €25,309. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-2
Solvency100=
Growth66=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 12.88 against 19.75 in 2024; short-term debt: 7.8% and cash: 3% of total assets), and 7.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
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
92.2%
Return on assets
10.6%
Age of the figures
9 mo
raises risk · 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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
54 d late
2024
59 d late
2023
51 d late
2022
29 d late
2021
31 d late
2020
116 d late
2019
121 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 66 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€103,500▲ 1.6%
2024 · €101,852
EBIT margin
36.8%▲ 2.4pp
2024 · 34.3%
Net result
€25,309▼ 0.7%
2024 · €25,485
Working capital
€219,710▲ 13.6%
2024 · €193,340
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Turnover€87,800▲ 4.8%€115,124▲ 31.1%€101,066▼ 12.2%€101,852▲ 0.8%€103,500▲ 1.6%
Operating result€23,080▲ 4.1%€52,240▲ 126%€32,187▼ 38.4%€34,954▲ 8.6%€38,038▲ 8.8%
Net result€16,852within the sector's middle half▲ 4.4%€36,604above the sector's middle half▲ 117%€23,931within the sector's middle half▼ 34.6%€25,485within the sector's middle half▲ 6.5%€25,309within the sector's middle half▼ 0.7%
EBIT margin26.3%▼ 0.2pp45.4%▲ 19.1pp31.8%▼ 13.5pp34.3%▲ 2.5pp36.8%▲ 2.4pp
Equity€113,570below the sector's middle half▲ 17.4%€150,173within the sector's middle half▲ 32.2%€169,359above the sector's middle half▲ 12.8%€194,844above the sector's middle half▲ 15.0%€220,154above the sector's middle half▲ 13.0%
Total assets€126,299below the sector's middle half▲ 13.7%€172,708within the sector's middle half▲ 36.7%€189,468within the sector's middle half▲ 9.7%€205,156within the sector's middle half▲ 8.3%€238,651within the sector's middle half▲ 16.3%
Debt€12,729▼ 11.5%€22,535▲ 77.0%€20,109▼ 10.8%€10,312▼ 48.7%€18,498▲ 79.4%
Working capital€97,399▲ 8.6%€136,777▲ 40.4%€165,969▲ 21.3%€193,340▲ 16.5%€219,710▲ 13.6%
Solvency89.9%above the sector's middle half▲ 2.9pp87.0%above the sector's middle half▼ 3.0pp89.4%above the sector's middle half▲ 2.4pp95.0%above the sector's middle half▲ 5.6pp92.2%above the sector's middle half▼ 2.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €238,651
Fixed assets
€444 ▼ 70.5%
Current assets
€238,208 ▲ 17.0%
Equity and liabilities €238,651
Equity
€220,154 ▲ 13.0%
Debt
€18,498 ▲ 79.4%
Debt's share of the balance-sheet total rises from 5.0% to 7.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€39,045▲
2024 · €36,839
Cash flow
€26,317▼
2024 · €27,371
Current ratio
12.88▼
2024 · 19.75
Debt to equity
0.08▲
2024 · 0.05
ROE
11.5%▼
2024 · 13.1%
ROA
10.6%▼
2024 · 12.4%
Interest coverage
42.17▲
2024 · 34.49
Debt ≤ 1 year
€18,498▲
2024 · €10,312
Income taxes
€11,803▲
2024 · €8,401
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
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 497,058 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% | 1.6% |
| 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 74% 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 34,672 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €87,800 | €115,124 | €101,066 | €101,852 | €103,500 | ▲ 1.6% |
| Goods, raw materials, services and sundry goods60/61 | €58,283 | €55,564 | €66,373 | €65,013 | €64,455 | ▼ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,437 | €7,320 | €2,506 | €1,885 | €1,007 | ▼ 46.6% |
| Gross operating margin9900 | €29,517 | €59,560 | €34,693 | €36,839 | €39,045 | ▲ 6.0% |
| Operating profit (loss)9901 | €23,080 | €52,240 | €32,187 | €34,954 | €38,038 | ▲ 8.8% |
| Financial charges65/66B | €710 | €983 | €631 | €1,068 | €926 | ▼ 13.3% |
| Recurring financial charges65 | €710 | €983 | €631 | €1,068 | €926 | ▼ 13.3% |
| Profit (loss) for the period before taxes9903 | €22,370 | €51,257 | €31,556 | €33,886 | €37,112 | ▲ 9.5% |
| Income taxes67/77 | €5,518 | €14,653 | €7,626 | €8,401 | €11,803 | ▲ 40.5% |
| Profit (loss) for the period9904 | €16,852 | €36,604 | €23,931 | €25,485 | €25,309 | ▼ 0.7% |
| Profit (loss) for the period to be appropriated9905 | €16,852 | €36,604 | €23,931 | €25,485 | €25,309 | ▼ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126,299 | €172,708 | €189,468 | €205,156 | €238,651 | ▲ 16.3% |
| Fixed assets21/28 | €16,171 | €13,396 | €3,390 | €1,505 | €444 | ▼ 70.5% |
| Tangible fixed assets22/27 | €16,171 | €13,396 | €3,390 | €1,505 | €444 | ▼ 70.5% |
| Plant, machinery and equipment23 | €2,359 | €4,081 | €2,322 | €1,183 | €444 | ▼ 62.5% |
| Furniture and vehicles24 | €13,812 | €9,315 | €1,069 | €322 | - | - |
| Current assets29/58 | €110,127 | €159,312 | €186,078 | €203,651 | €238,208 | ▲ 17.0% |
| Amounts receivable after more than one year29 | €108,265 | €157,440 | €186,000 | €201,500 | €231,000 | ▲ 14.6% |
| Trade receivables290 | €108,265 | €157,440 | €186,000 | €201,500 | €231,000 | ▲ 14.6% |
| Amounts receivable within one year40/41 | €78 | €78 | €78 | €78 | €78 | = |
| Other amounts receivable41 | €78 | €78 | €78 | €78 | €78 | = |
| Cash at bank and in hand54/58 | €1,784 | €1,794 | - | €2,073 | €7,130 | ▲ 244% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126,299 | €172,708 | €189,468 | €205,156 | €238,651 | ▲ 16.3% |
| Equity10/15 | €113,570 | €150,173 | €169,359 | €194,844 | €220,154 | ▲ 13.0% |
| Contributions10/11 | €6,200 | €6,200 | €8,060 | €8,060 | €8,060 | = |
| Capital10 | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €12,400 | €12,400 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | - | - | - | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Profit (loss) carried forward14 | €105,510 | €142,113 | €161,299 | €186,784 | €212,094 | ▲ 13.5% |
| Amounts payable17/49 | €12,729 | €22,535 | €20,109 | €10,312 | €18,498 | ▲ 79.4% |
| Amounts payable within one year42/48 | €12,729 | €22,535 | €20,109 | €10,312 | €18,498 | ▲ 79.4% |
| Financial debts43 | - | - | €2,682 | - | - | - |
| Credit institutions430/8 | - | - | €2,682 | - | - | - |
| Trade debts44 | €319 | €356 | €128 | €789 | €628 | ▼ 20.3% |
| Suppliers440/4 | €319 | €356 | €128 | €789 | €628 | ▼ 20.3% |
| Taxes, remuneration and social security45 | €12,407 | €22,179 | €16,906 | €9,410 | €17,694 | ▲ 88.0% |
| Taxes450/3 | €12,407 | €22,179 | €16,906 | €9,410 | €17,694 | ▲ 88.0% |
| Other amounts payable47/48 | €3 | - | €394 | €113 | €176 | ▲ 55.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,852 | €36,604 | €23,931 | €25,485 | €25,309 | ▼ 0.7% |
| + Depreciation and write-downs630 | €6,437 | €7,320 | €2,506 | €1,885 | €1,007 | ▼ 46.6% |
| Operating cash flow (approximation) | €23,289 | €43,924 | €26,436 | €27,371 | €26,317 | ▼ 3.9% |
| Investment in fixed assets (approximation) | - | -€4,545 | €7,500 | €0 | €54 | - |
| Change in cash | - | €10 | - | - | €5,056 | - |
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
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 54 days late
2025
31-12
Financial
Equity above €200,000Eq €220,154 ▲13%
7 profitable years in a row build equity to €220,154.
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 19.75
Current ratio from 9.25 to 19.75; short-term debt falls from €20,109 to €10,312.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €36,604 ▲117%
Operating result €52,240, net result €36,604, both a record.
31-12
Financial
Equity above €150,000Eq €150,173 ▲32.2%
4 profitable years in a row build equity to €150,173.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Equity above €100,000Eq €113,570 ▲17.4%
3 profitable years in a row build equity to €113,570.
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 116 days late
2020
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 121 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €12,618
Net result €12,618 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 8.74
Current ratio from 4.03 to 8.74; short-term debt falls from €21,012 to €10,092.
12-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 104 days late
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 69 days late
2017
31-07
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gerpinnes · 1 establishment unit since 2007
Ground area
739 m²
Building footprint
160 m²
Volume, LiDAR
875 m³
Parcel 52041A0322/00L000, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ESPACE SOLEIL
since 20072.165.600.818
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52041A0322/00L000 | Wallonia | 739 m² | 1 · 160 m² | 7.2 m · 2 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.
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Of 4,414 companies in sector 46180 we hold annual accounts for 1,887. 1,346 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
Founded06-09-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0891880950
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.