TOP FINANCES
ActiveTOP FINANCES has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €911k and a net result of €33k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 924 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▼-33
Solvency89▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.43 in 2024; short-term debt: 26.7% and cash: 0.7% of total assets), and 36.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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
63.8%
Return on assets
2.3%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2022
on the day
2021
19 d late
2020
18 d late
2019
115 d late
2018
90 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€33k▼ 83.9%
2024 · €203k
2018: €23k
2019: €3k
2020: €57k
2021: €96k
2022: €-6k
2024: €203k
2018 → 2025
Working capital
€-214k▼ 12.8%
2024 · €-190k
2018: €-697k
2019: €-753k
2020: €-713k
2021: €-341k
2022: €-447k
2024: €-190k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€613k-€681k▲ 11.1%€675k▼ 0.9%€878k▲ 30.1%€911k▲ 3.7%
Operating result€92k-€61k▼ 33.3%€901▼ 98.5%€-3k€-19k▼ 462%
Net result€57k-€96k▲ 70.2%€-6k€203k€33k▼ 83.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2025 against €3k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.43M
Fixed assets
€1.26M▲ 0.2%
Current assets
€167k▲ 18.6%
Equity and liabilities €1.43M
Equity
€911k▲ 3.7%
Provisions
€90k=
Debt
€427k▼ 0.9%
The debt ratio falls from 30.8% to 29.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▼
2024 · €38k
Cash flow
€66k▼
2024 · €245k
Solvency
63.8%▲
2024 · 62.8%
Current ratio
0.44▲
2024 · 0.43
Quick ratio
0.44▲
2024 · 0.43
Debt / equity
0.47▼
2024 · 0.49
ROE
3.6%▼
2024 · 23.1%
ROA
2.3%▼
2024 · 14.5%
Interest coverage
1.30▼
2024 · 3.35
Debt
€427k▼
2024 · €431k
Debt ≤ 1 year
€381k▲
2024 · €331k
Debt > 1 year
€46k▼
2024 · €100k
Income taxes
€160▼
2024 · €1k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.40M€1.43M▲
Fixed assets21/28€1.26M€1.26M▲
Tangible fixed assets22/27€773k€740k▼
Land and buildings22€769k€737k▼
Plant, machinery and equipment23€3k€2k▼
Other tangible fixed assets26€720-
Financial fixed assets28€485k€521k▲
Current assets29/58€141k€167k▲
Amounts receivable after more than one year29€88k€95k▲
Other amounts receivable291€88k€95k▲
Amounts receivable within one year40/41€20k€37k▲
Trade receivables40-€15k
Other amounts receivable41€20k€23k▲
Cash at bank and in hand54/58€11k€10k▼
Deferred charges and accrued income490/1€21k€25k▲
Equity and liabilities
Total equity and liabilities10/49€1.40M€1.43M▲
Equity10/15€878k€911k▲
Contributions10/11€8k€8k=
Reserves13€595k€595k=
Tax-exempt reserves132€270k€270k=
Distributable reserves133€325k€325k=
Profit (loss) carried forward14€276k€308k▲
Provisions and deferred taxes16€90k€90k=
Deferred taxes168€90k€90k=
Amounts payable17/49€431k€427k▼
Amounts payable after more than one year17€100k€46k▼
Financial debts170/4€100k€46k▼
Amounts payable within one year42/48€331k€381k▲
Current portion of amounts payable after more than one year42€49k€50k▲
Financial debts43€81k€111k▲
Other loans439€81k€111k▲
Trade debts44€167k€148k▼
Suppliers440/4€167k€148k▼
Taxes, remuneration and social security45€27k€26k▼
Taxes450/3€27k€26k▼
Other amounts payable47/48€6k€46k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€33k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€41k€19k▼
Operating profit (loss)9901€-3k€-19k▼
Financial income75/76B€290k€63k▼
Recurring financial income75€5k€63k▲
Non-recurring financial income76B€285k-
Financial charges65/66B€11k€11k▼
Recurring financial charges65€11k€11k▼
Profit (loss) for the period before taxes9903€275k€33k▼
Transfer to deferred taxes680€71k-
Income taxes67/77€1k€160▼
Profit (loss) for the period9904€203k€33k▼
Transfer to tax-exempt reserves689€213k-
Profit (loss) for the period to be appropriated9905€-10k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€276k€308k▲
Profit (loss) brought forward from the previous period14P€286k€276k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
State Gazette act
RestructuringBoard meeting · Merger · Accounting effect4 facts ▸
State Gazette act
Restructuring
Board meeting · Merger · Accounting effect4 facts ▸
- Board meeting, 2026-06-08
- Merger, absorption, 2026-01-01
- Accounting effect, 2026-01-01
- Shareholding, 750, 100%
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Back to profitnet €203k
Net result €203k after one loss-making year.
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-6k ▼106%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 18 days late
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 115 days late
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 90 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Lambrechts-Woluwe · 1 establishment unit since 1994
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.
Kerselarenlaan 1691200 Sint-Lambrechts-WoluweGround area
444 m²
Building footprint
242 m²
Volume, LiDAR
2,836 m³
Parcel 21673D0089/00X005, Brussels · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Kerselarenlaan 169, 1200 Sint-Lambrechts-Woluwe
since 19942.069.239.632
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0089/00X005 | Brussels | 444 m² | 1 · 242 m² | 14.5 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.
Structure & network
Acquisitions and mergers
1 transactionTook over:DELVAUX CONSEILS SRL
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Of 11,225 companies in sector 82100 we hold annual accounts for 3,511. 1,592 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-10-1994
Fiscal year end31-03
Activities, NACEBEL
82100Office administrative and support services
82110Office administrative, office support and other business support activities
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.