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TOP SECRET COMMUNICATION

Active
Public limited companyfounded 1985active for 41 yearsWinston Churchilllaan 90, 1180 Ukkel, BelgiumKBO/BCE: BE 0427.633.111
Summary

TOP SECRET COMMUNICATION has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167,074 and a net result of €54,884. Equity is shrinking by about 2.8% per year across the filed financial years. Its solvency ranks better than 23% of 841 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Advertising agencies
NACE 73110
1 site
Size
≈ €1.2mturnover 2025, estimated
Staff
8 FTE
Equity
€167,074
Profit
€54,884
Turnover estimated from the gross margin
Financial health
82 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Parent
SAY IT · 100%
2025 accounts 51 days early2 of 14 deeds summarised
Why 82raises riskEquity €167,074 (15.3% of total assets)Liquidity: current ratio 1.72, cash €21,515lowers riskFounded in 1985Profit of €54,884 (financial year 2025)Show the evidence

Checked score

Score 2025
82 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 44% of its sector peers (NACE 73, micro)
Financial strength · tick = 2024
Average
Solvency 40+7
equity 15.3% of total assets
Liquidity 48+5
short-term debt 17.4% · cash 2.0%
Profitability 60+52
return on assets 5.0%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (11,217 companies, NACE 73, micro)
Last 24 months 11-2024: 1.7% 12-2024: 1.7%● unchanged vs 11-2024 01-2025: 1.7%● unchanged vs 12-2024 02-2025: 1.7%● unchanged vs 01-2025 03-2025: 1.7%● unchanged vs 02-2025 04-2025: 1.8%▲ +0.1 percentage points vs 03-2025 05-2025: 1.7%▼ -0.1 percentage points vs 04-2025 06-2025: 1.8%▲ +0.1 percentage points vs 05-2025 07-2025: 1.8%● unchanged vs 06-2025 08-2025: 2.1%▲ +0.3 percentage points vs 07-2025highest value 09-2025: 2.1%● unchanged vs 08-2025highest value 10-2025: 2.1%● unchanged vs 09-2025highest value 11-2025: 2.1%● unchanged vs 10-2025highest value 12-2025: 2.1%● unchanged vs 11-2025highest value 01-2026: 1.4%▼ -0.7 percentage points vs 12-2025 02-2026: 1.4%● unchanged vs 01-2026 03-2026: 1.4%● unchanged vs 02-2026 04-2026: 1.4%● unchanged vs 03-2026 05-2026: 1.4%● unchanged vs 04-2026 06-2026: 1.5%▲ +0.1 percentage points vs 05-2026 07-2026: 0.4%▼ -1.1 percentage points vs 06-2026lowest value 08-2026: 0.4%● unchanged vs 07-2026lowest value 09-2026: 0.4%● unchanged vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026lowest value
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.72, compared with 1.1 in 2024, above the usual 1.5; short-term debt: 17.4% and cash: 2% of total assets), but 84.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro): better than 23% on solvency, 31% on liquidity, 33% on profitability and 89% on growth.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Equity €167,074 (15.3% of total assets)
NBB · annual accounts
lowers risk · Founded in 1985
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Profit of €54,884 (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.72, cash €21,515
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 841 sector peers (2025).
NBB · sector comparison
Position among 841 sector peers
Solvency
better than 23%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
51 days early
2024
30 days early
2023
1 day early
2022
16 days late
2021
5 days early
2020
27 days late
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 2 days before the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Back to profitnet €54,884
  3. Equity above €150,000equity €167,074 ▲79.9%

Key points

  • Positive: Back in profit in 2025after -€91,225 in 2024 €54,884 View
  • Controlled by SAY IT 100% View
  • Active since 1985founded 09-07-1985 41 years View

By topic

Financials

Financial year
2025
Total assets
€1.1m
Profit
€54,884
Solvency
15.3%
Go to Financials

Board & ownership

Board
3 members
Parent
SAY IT · 100%
  • Marine VerdussenDirector
  • Finology SRLDirector
  • Laure Van TuyckomDirector
Go to Board & ownership

Timeline

Events
47
Since
1987
Next accounts
by 31-07-2027
  1. 01-07-2025Annual accounts filed
  2. 30-07-2024Annual accounts filed
  3. 26-06-2024Reappointments: Finology SRL, Marine Verdussen and Laure…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Advertising agenciesNACE 73110
Founded
09-07-1985
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about TOP SECRET COMMUNICATION

What is the company number of TOP SECRET COMMUNICATION?
0427.633.111. In Belgium the VAT number is the company number with BE in front: BE 0427.633.111.
Where is TOP SECRET COMMUNICATION based?
The registered office is at Winston Churchilllaan 90, 1180 Ukkel.Company details
What does TOP SECRET COMMUNICATION do?
According to the KBO register, the main activity is advertising agencies (NACE 73110).
What is the legal form of TOP SECRET COMMUNICATION?
Public limited company (NV).
When was TOP SECRET COMMUNICATION founded?
On 09-07-1985.
Is TOP SECRET COMMUNICATION still active?
Yes, TOP SECRET COMMUNICATION is an active enterprise in the KBO register.
How many employees does TOP SECRET COMMUNICATION have?
On average 8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of TOP SECRET COMMUNICATION?
€1.2m in financial year 2018, according to the filed annual accounts.
Is TOP SECRET COMMUNICATION profitable?
In financial year 2025, TOP SECRET COMMUNICATION made a profit of €54,884.
Where can I find the annual accounts of TOP SECRET COMMUNICATION?
TOP SECRET COMMUNICATION filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TOP SECRET COMMUNICATION due?
By 31-07-2027, for financial year 2026.Timeline

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