TOP IMMO
ActiveSummary
TOP IMMO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €503,291 and a net result of €107,000. Equity is growing by ~24% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability81▲+4
Solvency70▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.08 in 2023; short-term debt: 24.7% of total assets), and 54.5% of the assets are financed with debt.
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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
45.5%
Return on assets
9.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-01-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2023
191 d late
2022
59 d late
2021
27 d late
2020
on the day
2019
59 d late
2018
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 51 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
€503,291▲ 27.0%
2023 · €396,291
Total assets
€1.1m▲ 1.7%
2023 · €1.1m
Net result
€107,000▲ 46.8%
2023 · €72,891
Working capital
-€219,537▲ 28.1%
2023 · -€305,412
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
Line20202021202220232025
Operating result-€7,372€78,352€171,634▲ 119%€110,240▼ 35.8%€202,357-
Net result-€25,803€39,689€114,186▲ 188%€72,891▼ 36.2%€107,000-
Equity€169,525▼ 13.2%€209,214▲ 23.4%€323,400▲ 54.6%€396,291▲ 22.5%€503,291-
Total assets€1.1m▼ 2.8%€1.0m▼ 1.6%€1.1m▲ 4.3%€1.1m▲ 0.1%€1.1m-
Debt€624,228▼ 14.4%€567,408▼ 9.1%€497,659▼ 12.3%€425,599▼ 14.5%€337,273-
Working capital-€402,397▲ 12.7%-€374,452▲ 6.9%-€368,064▲ 1.7%-€305,412▲ 17.0%-€219,537-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €202,357 in 2025, compared with €110,240 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€1.1m ▼ 0.8%
Current assets
€54,250 ▲ 103%
Equity and liabilities €1.1m
Equity
€503,291 ▲ 27.0%
Provisions
€266,000 =
Debt
€337,273 ▼ 20.8%
Debt's share of the balance-sheet total falls from 39.1% to 30.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€211,209▲
2023 · €121,381
Cash flow
€115,851▲
2023 · €84,032
Current ratio
0.20▲
2023 · 0.08
Debt to equity
0.67▼
2023 · 1.07
ROE
21.3%▲
2023 · 18.4%
ROA
9.7%▲
2023 · 6.7%
Interest coverage
11.80▲
2023 · 11.72
Debt ≤ 1 year
€273,787▼
2023 · €332,137
Debt > 1 year
€63,486▼
2023 · €93,462
Income taxes
€78,782▲
2023 · €27,004
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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €48,193 | €74,449 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,147 | €18,747 | €18,897 | €11,141 | €8,851 | - |
| Other operating charges640/8 | - | €2,197 | €2,250 | €2,977 | €2,951 | - |
| Gross operating margin9900 | €113,987 | €99,295 | €192,781 | €124,358 | €214,159 | - |
| Operating profit (loss)9901 | -€7,372 | €78,352 | €171,634 | €110,240 | €202,357 | - |
| Financial income75/76B | - | €1 | €0 | €13 | €1,320 | - |
| Recurring financial income75 | - | €1 | €0 | €13 | €1,320 | - |
| Non-recurring financial income76B | - | - | - | - | €1,320 | - |
| Financial charges65/66B | - | €22,157 | €4,301 | €10,358 | €17,895 | - |
| Recurring financial charges65 | €16,067 | €22,157 | €4,301 | €10,358 | €17,895 | - |
| Profit (loss) for the period before taxes9903 | -€23,439 | €56,196 | €167,333 | €99,895 | €185,782 | - |
| Income taxes67/77 | €2,363 | €16,507 | €53,148 | €27,004 | €78,782 | - |
| Profit (loss) for the period9904 | -€25,803 | €39,689 | €114,186 | €72,891 | €107,000 | - |
| Profit (loss) for the period to be appropriated9905 | -€25,803 | €39,689 | €114,186 | €72,891 | €107,000 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.0m | €1.1m | €1.1m | €1.1m | - |
| Fixed assets21/28 | €1.1m | €1.0m | €1.0m | €1.1m | €1.1m | - |
| Tangible fixed assets22/27 | €45,412 | €26,665 | €35,268 | €50,694 | €41,842 | - |
| Land and buildings22 | - | €11,109 | €26,944 | €36,255 | €33,382 | - |
| Furniture and vehicles24 | - | - | - | €13,348 | €7,779 | - |
| Other tangible fixed assets26 | - | €15,556 | €8,323 | €1,091 | €682 | - |
| Financial fixed assets28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | - |
| Current assets29/58 | €3,620 | €5,486 | €41,319 | €26,725 | €54,250 | - |
| Amounts receivable within one year40/41 | €3,617 | €3,772 | €326 | €26,721 | €54,250 | - |
| Trade receivables40 | - | €472 | €76 | €1,471 | - | - |
| Other amounts receivable41 | - | €3,299 | €250 | €25,250 | €54,250 | - |
| Current investments50/53 | - | - | €40,991 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €3 | €1,715 | €3 | €3 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.0m | €1.1m | €1.1m | €1.1m | - |
| Equity10/15 | €169,525 | €209,214 | €323,400 | €396,291 | €503,291 | - |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | - |
| Reserves13 | €150,933 | €190,622 | €304,808 | €377,699 | €484,699 | - |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | - | - |
| Distributable reserves133 | - | €188,763 | €302,948 | €375,839 | €484,699 | - |
| Provisions and deferred taxes16 | €266,000 | €266,000 | €266,000 | €266,000 | €266,000 | - |
| Provisions for liabilities and charges160/5 | - | €266,000 | €266,000 | €266,000 | €266,000 | - |
| Other liabilities and charges164/5 | - | €266,000 | €266,000 | €266,000 | €266,000 | - |
| Amounts payable17/49 | €624,228 | €567,408 | €497,659 | €425,599 | €337,273 | - |
| Amounts payable after more than one year17 | €206,211 | €170,469 | €88,275 | €93,462 | €63,486 | - |
| Financial debts170/4 | - | €170,469 | €88,275 | €93,462 | €63,486 | - |
| Amounts payable within one year42/48 | €406,017 | €379,939 | €409,384 | €332,137 | €273,787 | - |
| Current portion of amounts payable after more than one year42 | - | €35,742 | €14,671 | €19,147 | €20,156 | - |
| Financial debts43 | - | - | €16,435 | €22,339 | €26,416 | - |
| Credit institutions430/8 | - | - | €16,435 | €22,339 | €26,416 | - |
| Trade debts44 | €6,890 | €11,907 | €21,942 | €24,843 | €24,914 | - |
| Suppliers440/4 | - | €11,907 | €21,942 | €24,843 | €24,914 | - |
| Taxes, remuneration and social security45 | - | €14,000 | €51,370 | €51,856 | €63,516 | - |
| Taxes450/3 | - | €14,000 | €51,370 | €41,778 | €47,926 | - |
| Remuneration and social security454/9 | - | - | - | €10,078 | €15,590 | - |
| Other amounts payable47/48 | - | €318,290 | €304,966 | €213,951 | €138,785 | - |
| Accrued charges and deferred income492/3 | - | €17,000 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,803 | €39,689 | €114,186 | €72,891 | €107,000 | - |
| + Depreciation and write-downs630 | €19,147 | €18,747 | €18,897 | €11,141 | €8,851 | - |
| Operating cash flow (approximation) | -€6,655 | €58,436 | €133,083 | €84,032 | €115,851 | - |
| Investment in fixed assets (approximation) | - | €250 | -€27,500 | -€26,567 | - | - |
| Change in cash | - | €1,712 | -€1,712 | €0 | - | - |
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
2026
21-05
State Gazette act
General meeting · Director resignation
25-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Equity above €500,000Eq €503,291 ▲27%
4 profitable years in a row build equity to €503,291.
07-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 191 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Highest result since 2018net €114,186 ▲188%
Net result €114,186, the highest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
31-12
Financial
Back to profitnet €39,689
Net result €39,689 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €209,214 ▲23.4%
Equity rises from €169,525 to €209,214.
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€25,803
Net result drops to -€25,803, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
Show earlier events
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
03-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 34 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Rixensart · 1 establishment unit since 1995
Ground area
729 m²
Building footprint
118 m²
Volume, LiDAR
627 m³
Parcel 25033A0528/00K000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Avenue des Cormiers 10, 1332 Rixensart
since 19952.071.938.014
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033A0528/00K000 | Wallonia | 729 m² | 1 · 118 m² | 7.8 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
-
98%
According to the annual accounts to 30-06-2025 of TOP IMMO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company
Founded15-05-1995
Fiscal year end30-06
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.