TOP SHINE
ActiveSummary
TOP SHINE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €41k. Equity is growing by ~52.4% per year across the filed fiscal years. Its solvency ranks better than 55% of 4486 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▼-3
Solvency70▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.31 in 2024; short-term debt: 47% and cash: 26.5% of total assets), and 54.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
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
21.8%
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 16-12-2025, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
32 d early
2023
44 d early
2022
49 d early
2021
49 d early
2020
25 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€41k▲ 10.3%
2024 · €37k
2019: €10k
2020: €6k
2021: €9k
2022: €2k
2023: €164
2024: €37k
2019 → 2025
Working capital
€43k▲ 116%
2024 · €20k
2019: €-10k
2020: €-4k
2021: €-399
2022: €-1k
2023: €-2k
2024: €20k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€22k▲ 12.1%€23k▲ 0.7%€60k▲ 163%€85k▲ 42.6%
Operating result€14k-€4k▼ 69.4%€994▼ 77.1%€52k▲ 5,136%€59k▲ 12.7%
Net result€9k-€2k▼ 73.1%€164▼ 93.2%€37k▲ 22,483%€41k▲ 10.3%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €187k
Fixed assets
€56k ▼ 15.0%
Current assets
€131k ▲ 54.3%
Equity and liabilities €187k
Equity
€85k ▲ 42.6%
Debt
€102k ▲ 12.0%
Debt's share of the balance-sheet total falls from 60.4% to 54.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€73k▲
2024 · €55k
Cash flow
€55k▲
2024 · €40k
Current ratio
1.49▲
2024 · 1.31
Debt to equity
1.20▼
2024 · 1.53
ROE
48.0%▼
2024 · 62.0%
ROA
21.8%▼
2024 · 24.6%
Interest coverage
45.14▼
2024 · 338.76
Debt ≤ 1 year
€88k▲
2024 · €65k
Debt > 1 year
€14k▼
2024 · €26k
Income taxes
€16k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€151k€187k▲
Fixed assets21/28€66k€56k▼
Tangible fixed assets22/27€66k€56k▼
Plant, machinery and equipment23-€4k
Furniture and vehicles24€61k€48k▼
Other tangible fixed assets26€4k€4k▼
Current assets29/58€85k€131k▲
Amounts receivable within one year40/41€32k€75k▲
Trade receivables40€28k€70k▲
Other amounts receivable41€4k€4k▲
Cash at bank and in hand54/58€48k€49k▲
Deferred charges and accrued income490/1€5k€7k▲
Equity and liabilities
Total equity and liabilities10/49€151k€187k▲
Equity10/15€60k€85k▲
Contributions10/11€7k€7k=
Reserves13€52k€78k▲
Distributable reserves133€52k€78k▲
Profit (loss) carried forward14€164€164=
Amounts payable17/49€91k€102k▲
Amounts payable after more than one year17€26k€14k▼
Financial debts170/4€26k€14k▼
Amounts payable within one year42/48€65k€88k▲
Current portion of amounts payable after more than one year42€12k€12k=
Trade debts44€38k€50k▲
Suppliers440/4€38k€50k▲
Taxes, remuneration and social security45€15k€11k▼
Taxes450/3€15k€11k▼
Other amounts payable47/48-€14k
Accrued charges and deferred income492/3-€12
Income statement
Code20242025
Remuneration, social security and pensions62€57-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€14k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-658
Other operating charges640/8€803€444▼
Gross operating margin9900€56k€72k▲
Operating profit (loss)9901€52k€59k▲
Financial income75/76B€119€90▼
Recurring financial income75€119€90▼
Financial charges65/66B€162€2k▲
Recurring financial charges65€162€2k▲
Profit (loss) for the period before taxes9903€52k€57k▲
Income taxes67/77€15k€16k▲
Profit (loss) for the period9904€37k€41k▲
Profit (loss) for the period to be appropriated9905€37k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€41k▲
Profit (loss) brought forward from the previous period14P€164€164=
Transfer from equity791/2-€15k
Transfer to equity691/2€37k€41k▲
To other reserves6921€37k€41k▲
Profit to be distributed694/7-€15k
Return on contributions (dividend)694-€15k
The notes to these accounts (8 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
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €41k ▲10.3%
Operating result €59k, net result €41k, both a record.
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet €164 ▼93.2%
Net result drops to €164, the lowest in the series; recovery starts the following year.
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
26-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Manage · 1 establishment unit since 2015
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.
Rue Ry de Brabant 1267170 ManageGround area
352 m²
Building footprint
123 m²
Volume, LiDAR
871 m³
Parcel 52004B0001/00V000, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Top Shine
since 20152.243.287.425
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52004B0001/00V000 | Wallonia | 352 m² | 1 · 123 m² | 8.3 m · 2 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.
Similar companies · same sector, comparable size
GCT
BE 0799.944.251
Denderleeuw · Eq €85,013
Lasota Group BV
BE 0886.399.757
Antwerpen · Eq €84,970
KT Windowcleaning
BE 0738.653.713
Merelbeke-Melle · Eq €84,913
FLORENT OLIVIER
BE 0779.924.342
Rumes · Eq €85,243
HL CLEAN
BE 0874.788.164
Ukkel · Eq €84,755
Of 7,013 companies in sector 81220 we hold annual accounts for 2,416. 2,036 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-2015
Fiscal year end30-06
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.