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TOP MODA

Active
Private limited companyfounded 2024active for 2 yearsNijverheidszone 'Begijnenmeers' 52, 1770 Liedekerke, BelgiumKBO/BCE: BE 1012.801.744
Summary

The computed 12-month bankruptcy probability of TOP MODA is 2.1% (moderate). The 2025 annual accounts show equity of €24,024 and a net result of €19,024. Its solvency ranks better than 29% of 13,639 sector peers (NACE 46, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Equity
€24,024
Total assets
€175,633
Net result
€19,024
Working capital
€10,524

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €175,633
Fixed assets €13,500
Current assets €162,133
Equity and liabilities €175,633
Equity €24,024
Debt €151,609
Debt finances 86.3% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€22,195
Cash flow
€22,191
Current ratio
1.07
Quick ratio
1.03
Debt to equity
6.31
ROE
79.2%
ROA
10.8%
Interest coverage
over 100
Debt ≤ 1 year
€151,609
Staff costs
€151,661

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94.3% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,976 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
Filed annual accounts As filed with the NBB · 2025 · 35 lines
Balance sheet Code2025
Assets
Total assets20/58€175,633
Fixed assets21/28€13,500
Financial fixed assets28€13,500
Current assets29/58€162,133
Stocks and contracts in progress3€5,980
Stocks30/36€5,980
Amounts receivable within one year40/41€147,191
Trade receivables40€130,175
Other amounts receivable41€17,016
Cash at bank and in hand54/58€8,963
Equity and liabilities
Total equity and liabilities10/49€175,633
Equity10/15€24,024
Contributions10/11€5,000
Profit (loss) carried forward14€19,024
Amounts payable17/49€151,609
Amounts payable within one year42/48€151,609
Trade debts44€114,878
Suppliers440/4€114,878
Taxes, remuneration and social security45€10,343
Taxes450/3€701
Remuneration and social security454/9€9,642
Other amounts payable47/48€26,388
Income statement Code2025
Goods, raw materials, services and sundry goods60/61€604,491
Remuneration, social security and pensions62€151,661
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,167
Other operating charges640/8€1,281
Non-recurring operating charges66A€3,649
Gross operating margin9900€178,785
Operating profit (loss)9901€19,028
Financial charges65/66B€4
Recurring financial charges65€4
Profit (loss) for the period before taxes9903€19,024
Profit (loss) for the period9904€19,024
Profit (loss) for the period to be appropriated9905€19,024
Appropriation of the result
Profit (loss) to be appropriated9906€19,024

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Goods, raw materials, services and sundry goods60/61€604,491
Remuneration, social security and pensions62€151,661
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,167
Other operating charges640/8€1,281
Non-recurring operating charges66A€3,649
Gross operating margin9900€178,785
Operating profit (loss)9901€19,028
Financial charges65/66B€4
Recurring financial charges65€4
Profit (loss) for the period before taxes9903€19,024
Profit (loss) for the period9904€19,024
Profit (loss) for the period to be appropriated9905€19,024
Line2025
Assets
Total assets20/58€175,633
Fixed assets21/28€13,500
Financial fixed assets28€13,500
Current assets29/58€162,133
Stocks and contracts in progress3€5,980
Stocks30/36€5,980
Amounts receivable within one year40/41€147,191
Trade receivables40€130,175
Other amounts receivable41€17,016
Cash at bank and in hand54/58€8,963
Equity and liabilities
Total equity and liabilities10/49€175,633
Equity10/15€24,024
Contributions10/11€5,000
Profit (loss) carried forward14€19,024
Amounts payable17/49€151,609
Amounts payable within one year42/48€151,609
Trade debts44€114,878
Suppliers440/4€114,878
Taxes, remuneration and social security45€10,343
Taxes450/3€701
Remuneration and social security454/9€9,642
Other amounts payable47/48€26,388
Line2025
Profit (loss) for the period9904€19,024
+ Depreciation and write-downs630€3,167
Operating cash flow (approximation)€22,191

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 28-07-2026 2026-00348768

Similar companies · same sector, comparable size

Of the 1,268 active companies whose main activity is wholesale of clothing, excluding workwear and underwear (NACE 46423), figures are known for 806. 447 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.