TOP MART
ActiveSummary
TOP MART has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of €365,535. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 64% of 12,434 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, abbreviated format
Turnover
€12.2m▼ 8.7%
2023 · €13.3m
EBIT margin
0.5%▼ 1.0pp
2023 · 1.5%
Net result
€365,535▲ 471%
2024 · €63,973
Working capital
-€297,113
2024 · €1.1m
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 492% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€12.2m
2024
Operating result€0.4m
2025
Net result€0.4m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€5.4m
2025
Equity€2.7m
2025
Debt€2.6m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin0.5%
2024
Return on assets (ROA)6.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency50.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.87
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)15.9
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€13.3m-€12.0m▼ 9.8%€13.5m▲ 13.0%€14.5m▲ 7.5%€13.3m▼ 8.5%€12.2m▼ 8.7%
Operating result€0.02m-€0.02m▼ 25.9%€0.8m▲ 4,246%€0.8m▲ 0.1%€0.2m▼ 74.4%€0.06m▼ 69.2%€0.4m▲ 492%
Net result-€0.001m-€0.005mwithin the sector's middle half€0.7mabove the sector's middle half▲ 13,453%€0.6mabove the sector's middle half▼ 1.2%€0.1mabove the sector's middle half▼ 77.8%€0.06mwithin the sector's middle half▼ 55.7%€0.4mabove the sector's middle half▲ 471%
EBIT margin0.2%-0.2%=5.9%▲ 5.7pp5.5%▼ 0.4pp1.5%▼ 3.9pp0.5%▼ 1.0pp
Equity€1.0m-€1.0mabove the sector's middle half▲ 0.5%€1.7mabove the sector's middle half▲ 64.3%€2.3mabove the sector's middle half▲ 38.7%€2.5mabove the sector's middle half▲ 6.2%€2.5mabove the sector's middle half▲ 2.6%€2.7mabove the sector's middle half▲ 5.5%
Total assets€4.4m-€5.1mabove the sector's middle half▲ 16.5%€5.5mabove the sector's middle half▲ 6.9%€5.7mabove the sector's middle half▲ 5.3%€5.5mabove the sector's middle half▼ 3.6%€5.2mabove the sector's middle half▼ 5.4%€5.4mabove the sector's middle half▲ 2.2%
Debt€3.2m-€4.0m▲ 22.8%€3.7m▼ 7.9%€3.3m▼ 10.2%€2.9m▼ 10.6%€2.6m▼ 11.3%€2.6m▼ 1.0%
Working capital€0.8m-€1.1mabove the sector's middle half▲ 36.1%€1.4mabove the sector's middle half▲ 29.5%€2.0mabove the sector's middle half▲ 43.2%€1.0mabove the sector's middle half▼ 47.7%€1.1mabove the sector's middle half▲ 8.8%-€0.3mbelow the sector's middle half
Solvency23.2%-20.0%within the sector's middle half▼ 3.2pp30.7%within the sector's middle half▲ 10.7pp40.5%within the sector's middle half▲ 9.8pp44.6%within the sector's middle half▲ 4.1pp48.4%within the sector's middle half▲ 3.8pp50.0%within the sector's middle half▲ 1.6pp
Current ratio1.30-1.34within the sector's middle half▲ 0.041.43within the sector's middle half▲ 0.091.68within the sector's middle half▲ 0.251.39within the sector's middle half▼ 0.291.48within the sector's middle half▲ 0.090.87below the sector's middle half▼ 0.60
Return on assets (ROA)0.0%-0.1%below the sector's middle half▲ 0.1pp12.0%above the sector's middle half▲ 11.9pp11.3%above the sector's middle half▼ 0.7pp2.6%within the sector's middle half▼ 8.7pp1.2%within the sector's middle half▼ 1.4pp6.8%within the sector's middle half▲ 5.6pp
Staff (FTE)23.7-24.3above the sector's middle half▲ 2.5%25.3above the sector's middle half▲ 4.1%25.4above the sector's middle half▲ 0.4%22.8above the sector's middle half▼ 10.2%19.9above the sector's middle half▼ 12.7%15.9above the sector's middle half▼ 20.1%
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2025 Net result +471% on 2024. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.4m
Fixed assets
€3.3m ▲ 84.2%
Current assets
€2.1m ▼ 40.3%
Equity and liabilities €5.4m
Equity
€2.7m ▲ 5.5%
Provisions
€104,526 ▲ 0.9%
Debt
€2.6m ▼ 1.0%
Debt's share of the balance-sheet total falls from 49.6% to 48.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€547,940▲
2024 · €275,454
Cash flow
€542,364▲
2024 · €276,792
Quick ratio
0.26▼
2024 · 0.74
Debt to equity
0.96▼
2024 · 1.02
ROE
13.7%▲
2024 · 2.5%
Interest coverage
15.00▲
2024 · 14.31
Debt ≤ 1 year
€2.4m▲
2024 · €2.3m
Debt > 1 year
€205,195▼
2024 · €263,050
Income taxes
€39,268▲
2024 · €38,057
Staff costs
€992,227▼
2024 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €14.6m | €13.3m | €12.2m | - | - |
| Turnover70 | €13.3m | €12.0m | €13.5m | €14.5m | €13.3m | €12.2m | - | - |
| Other operating income74 | - | - | - | €0.08m | €0.02m | €0.02m | - | - |
| Non-recurring operating income76A | - | - | - | - | €0.009m | €0.009m | €0 | ▼ 100% |
| Operating charges60/66A | - | - | - | €13.8m | €13.1m | €12.1m | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €8.9m | €8.1m | €7.1m | - | - |
| Purchases600/8 | - | - | - | €8.8m | €8.1m | €6.8m | - | - |
| Change in stocks: decrease (increase)609 | - | - | - | €0.1m | €0.03m | €0.3m | - | - |
| Services and other goods61 | - | - | - | €3.3m | €3.5m | €3.5m | - | - |
| Remuneration, social security and pensions62 | - | - | - | €1.3m | €1.3m | €1.2m | €1.0m | ▼ 16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 16.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.01m | -€0.003m | -€0.03m | €0.002m | - |
| Other operating charges640/8 | - | - | - | €0.06m | €0.07m | €0.07m | €0.07m | ▲ 2.2% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.006m | €0 | ▼ 100% |
| Gross operating margin9900 | - | - | - | - | - | - | €1.6m | - |
| Operating profit (loss)9901 | €0.02m | €0.02m | €0.8m | €0.8m | €0.2m | €0.06m | €0.4m | ▲ 492% |
| Financial income75/76B | - | - | - | €0.09m | €0.08m | €0.08m | €0.07m | ▼ 9.1% |
| Recurring financial income75 | €0.05m | €0.04m | €0.09m | €0.09m | €0.08m | €0.08m | €0.07m | ▼ 9.1% |
| Income from current assets751 | - | - | - | €0 | - | - | - | - |
| Other financial income752/9 | - | - | - | €0.09m | €0.08m | €0.08m | - | - |
| Financial charges65/66B | - | - | - | €0.03m | €0.04m | €0.04m | €0.04m | ▼ 3.2% |
| Recurring financial charges65 | €0.05m | €0.04m | €0.04m | €0.03m | €0.04m | €0.04m | €0.04m | ▼ 3.2% |
| Debt charges650 | €0.03m | €0.03m | €0.02m | €0.01m | €0.02m | €0.02m | - | - |
| Other financial charges652/9 | - | - | - | €0.02m | €0.02m | €0.02m | - | - |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.02m | €0.8m | €0.9m | €0.3m | €0.1m | €0.4m | ▲ 301% |
| Transfer from deferred taxes780 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Income taxes67/77 | €0.02m | €0.01m | €0.2m | €0.2m | €0.1m | €0.04m | €0.04m | ▲ 3.2% |
| Taxes670/3 | - | - | - | €0.2m | €0.1m | €0.04m | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0 | - | - | - | - |
| Profit (loss) for the period9904 | -€0.001m | €0.005m | €0.7m | €0.6m | €0.1m | €0.06m | €0.4m | ▲ 471% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Profit (loss) for the period to be appropriated9905 | €0.003m | €0.009m | €0.7m | €0.7m | €0.1m | €0.07m | €0.4m | ▲ 449% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.4m | €5.1m | €5.5m | €5.7m | €5.5m | €5.2m | €5.4m | ▲ 2.2% |
| Fixed assets21/28 | €1.0m | €1.0m | €0.9m | €0.9m | €1.9m | €1.8m | €3.3m | ▲ 84.2% |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €0.9m | €0.9m | €0.9m | €0.8m | €0.6m | ▼ 22.4% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Plant, machinery and equipment23 | - | - | - | €0.009m | €0.003m | €0.002m | €0.003m | ▲ 62.0% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.1m | €0.1m | €0.08m | ▼ 34.9% |
| Other tangible fixed assets26 | - | - | - | €0.7m | €0.6m | €0.5m | €0.4m | ▼ 27.6% |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.002m | €1.0m | €1.0m | €2.7m | ▲ 166% |
| Affiliated companies280/1 | - | - | - | - | €1.0m | €1.0m | - | - |
| Amounts receivable281 | - | - | - | - | €1.0m | €1.0m | - | - |
| Other financial fixed assets284/8 | - | - | - | €0.002m | €0.002m | €0.002m | - | - |
| Shares284 | - | - | - | €0.001m | €0.001m | €0.001m | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.001m | €0.001m | €0.001m | - | - |
| Current assets29/58 | €3.3m | €4.1m | €4.6m | €4.8m | €3.7m | €3.4m | €2.1m | ▼ 40.3% |
| Stocks and contracts in progress3 | €1.9m | €1.7m | €2.1m | €2.0m | €2.0m | €1.7m | €1.5m | ▼ 15.2% |
| Stocks30/36 | - | - | - | €2.0m | €2.0m | €1.7m | €1.5m | ▼ 15.2% |
| Goods purchased for resale34 | - | - | - | €2.0m | €2.0m | €1.7m | - | - |
| Advance payments36 | - | - | - | €0 | €0.002m | €0 | - | - |
| Amounts receivable within one year40/41 | €1.0m | €0.8m | €1.1m | €2.0m | €1.1m | €1.4m | €0.06m | ▼ 95.3% |
| Trade receivables40 | - | - | - | €0.2m | €0.05m | €0.06m | €0.06m | ▲ 6.1% |
| Other amounts receivable41 | - | - | - | €1.8m | €1.1m | €1.3m | €200 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €0.5m | €1.6m | €1.2m | €0.8m | €0.5m | €0.3m | €0.5m | ▲ 47.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.03m | €0.04m | €0.03m | ▼ 4.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.4m | €5.1m | €5.5m | €5.7m | €5.5m | €5.2m | €5.4m | ▲ 2.2% |
| Equity10/15 | €1.0m | €1.0m | €1.7m | €2.3m | €2.5m | €2.5m | €2.7m | ▲ 5.5% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Issued capital100 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Contributions outside capital11 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Share premium1100/10 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Reserves13 | €0.5m | €0.5m | €1.1m | €1.8m | €1.9m | €2.0m | €2.1m | ▲ 7.1% |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Legal reserve130 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Tax-exempt reserves132 | - | - | - | €0.04m | €0.04m | €0.03m | €0.03m | ▼ 9.3% |
| Distributable reserves133 | - | - | - | €1.7m | €1.8m | €1.9m | €2.1m | ▲ 7.5% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | - |
| Provisions and deferred taxes16 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 0.9% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.1m | €0.1m | €0.09m | €0.1m | ▲ 2.3% |
| Other liabilities and charges164/5 | - | - | - | €0.1m | €0.1m | €0.09m | €0.1m | ▲ 2.3% |
| Deferred taxes168 | - | - | - | €0.01m | €0.01m | €0.009m | €0.008m | ▼ 14.0% |
| Amounts payable17/49 | €3.2m | €4.0m | €3.7m | €3.3m | €2.9m | €2.6m | €2.6m | ▼ 1.0% |
| Amounts payable after more than one year17 | €0.6m | €0.6m | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 22.0% |
| Financial debts170/4 | - | - | - | €0.2m | €0.1m | €0.08m | €0.03m | ▼ 69.7% |
| Credit institutions173 | - | - | - | €0.2m | €0.1m | €0.08m | - | - |
| Other amounts payable178/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Amounts payable within one year42/48 | €2.6m | €3.1m | €3.2m | €2.9m | €2.6m | €2.3m | €2.4m | ▲ 0.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.07m | €0.07m | €0.06m | ▼ 21.6% |
| Trade debts44 | €1.2m | €1.4m | €1.0m | €1.1m | €1.1m | €0.9m | €0.8m | ▼ 8.0% |
| Suppliers440/4 | - | - | - | €1.1m | €1.1m | €0.9m | €0.8m | ▼ 8.0% |
| Advances received on contracts in progress46 | - | - | - | €1.2m | €1.1m | €1.0m | €0.9m | ▼ 11.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 2.8% |
| Taxes450/3 | - | - | - | €0.1m | €0.06m | €0.08m | €0.1m | ▲ 26.1% |
| Remuneration and social security454/9 | - | - | - | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 12.0% |
| Other amounts payable47/48 | - | - | - | €0.01m | €0.02m | €0.01m | €0.2m | ▲ 1,999% |
| Accrued charges and deferred income492/3 | - | - | - | €0.04m | €0.001m | €0.001m | €0.01m | ▲ 891% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.001m | €0.005m | €0.7m | €0.6m | €0.1m | €0.06m | €0.4m | ▲ 471% |
| + Depreciation and write-downs630 | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 16.9% |
| Operating cash flow (approximation) | €0.4m | €0.3m | €0.8m | €0.9m | €0.4m | €0.3m | €0.5m | ▲ 95.9% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.1m | -€0.2m | -€1.2m | -€0.1m | -€1.7m | ▼ 1,252% |
| Change in cash | - | €1.1m | -€0.4m | -€0.4m | -€0.3m | -€0.2m | €0.2m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 43 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | abbreviated format | 30-03-2026 | 2026-00073786 |
| 30-09-2024 | full format | 16-04-2025 | 2025-00072894 |
| 30-09-2023 | full format | 22-03-2024 | 2024-00050741 |
| 30-09-2022 | full format | 23-03-2023 | 2023-00044018 |
| 30-09-2021 | full format | 17-03-2022 | 2022-08000597 |
| 30-09-2020 | full format | 20-04-2021 | 2021-10900083 |
| 30-09-2019 | full format | 08-04-2020 | 2020-08900319 |
| 30-09-2018 | full format | 30-04-2019 | 2019-12000321 |
| 30-09-2017 | full format | 10-04-2018 | 2018-09600287 |
| 30-09-2016 | full format | 08-03-2017 | 2017-06200076 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.