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TOP FACTORY

Active
Private limited company (pre-2019)founded 20197 yrs activeJetse Laan 310, 1090 Jette, BelgiumKBO/BCE: BE 0718.604.209
Summary

The computed 12-month bankruptcy probability of TOP FACTORY is 15.6% (high). The 2024 annual accounts show equity of €11,898 and a net result of -€7,854. Equity is growing by ~35.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 2029 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
TOP FACTORYActiveChecked score 14/100
Risk analysis ReportCompare

Overview

Activity
Rental and leasing activities
NACE 77223NACE 77293
1 site
Size
€437,751total assets 2024
Equity
€11,898
Loss
-€7,854
Financial health
14 Critical Checked score 2024
Bankruptcy chance 12 m
15.6%
Structure
Board
1 member
Accounts 67 d overdue1 of 5 deeds read
Why 14- 4 changes of registered office in 24 months- Figures for FY 2024 (filed 04-12-2025)- 1 financial year not filed after the legal deadline; latest accounts 122 days late; 3 of the last 3 late+ Size: total assets €437,751Show the evidence

Checked score

Score 2024
14 / 100
Critical
Probability in this band: over 15.0%
Better than 15% of its sector peers (NACE 77, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 28-4
equity 2.7% of total assets
Liquidity 3=
short-term debt 97.3% · cash 2.7%
Profitability 17-57
return on assets -1.8%
Bankruptcy probability, 12 months
15.6% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,160 companies)
Last 24 months 11-2024: 2.9% 12-2024: 2.9%▲ +2.1% vs 11-2024 01-2025: 2.9%▼ -2.0% vs 12-2024 02-2025: 2.9%● 0.0% vs 01-2025 03-2025: 2.8%▼ -1.2% vs 02-2025lowest value 04-2025: 9.3%▲ +229% vs 03-2025 05-2025: 9.2%▼ -0.3% vs 04-2025 06-2025: 9.0%▼ -3.0% vs 05-2025 07-2025: 9.0%● +0.0% vs 06-2025 08-2025: 10.4%▲ +15.7% vs 07-2025 09-2025: 11.4%▲ +9.6% vs 08-2025 10-2025: 15.9%▲ +39.9% vs 09-2025 11-2025: 16.0%▲ +0.6% vs 10-2025 12-2025: 17.3%▲ +7.9% vs 11-2025highest value 01-2026: 8.8%▼ -49.0% vs 12-2025 02-2026: 8.8%● 0.0% vs 01-2026 03-2026: 8.8%▼ -0.5% vs 02-2026 04-2026: 9.0%▲ +2.8% vs 03-2026 05-2026: 9.5%▲ +5.2% vs 04-2026 06-2026: 9.1%▼ -3.9% vs 05-2026 07-2026: 9.0%▼ -1.3% vs 06-2026 08-2026: 10.2%▲ +12.8% vs 07-2026 09-2026: 10.8%▲ +6.0% vs 08-2026 10-2026: 15.6%▲ +45.1% vs 09-2026
  • 4 changes of registered office in 24 months raises the probability
  • Figures for FY 2024 (filed 04-12-2025) raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 122 days late; 3 of the last 3 late raises the probability
  • Size: total assets €437,751 lowers the probability for this profile
No credit on open account
Liquidity tight (current ratio 1.02 against 1.07 in 2023; short-term debt: 97.3% and cash: 2.7% of total assets), and 97.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 77, micro). Better than this share of them on solvency 22%, liquidity 6%, profitability 18%, growth against the median 13%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · 4 changes of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Figures for FY 2024 (filed 04-12-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 122 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Size: total assets €437,751
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2029 sector peers (2024).
NBB · sector comparison
Position among 2029 sector peers
Solvency
better than 24%
← weakest strongest →
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 30-11-2025, 122 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 · 6 filings
Deviation from the deadline
2025
not confirmed
2024
122 d late
2023
46 d late
2022
130 d late
2021
820 d late
2020
1185 d late
2019
122 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 404 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignation: Rachid BAKBAK (director)Appointment: Hassan BEN MOHAND (sole…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2021 · full…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
  • Caution: Board changedlatest change 08-05-2026 · 1 in office 1 joined · 1 left View
  • Total assets 20246 fiscal years filed €437,751 View

By topic

Financials

Fiscal year
2024
Total assets
€437,751
Loss
-€7,854
Solvency
2.7%
Total assets▲ 54.7%
Net result
20192024
Go to Financials

Timeline

Events
9
Since
2020
  1. 08-05-2026Resignation: Rachid BAKBAK (director)
  2. 30-11-2025Annual accounts filed
  3. 28-10-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Rental and leasing activitiesNACE 77223
Founded
11-01-2019
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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