TOP SYSTEMS
ActiveTOP SYSTEMS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €992. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 67% of 1899 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+57
Solvency87=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.22 against 2.42 in 2024; short-term debt: 37.6% and cash: 2.7% of total assets), and 37.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
62.4%
Return on assets
1.4%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
20 d early
2023
48 d late
2022
6 d early
2021
30 d late
2020
89 d late
2019
89 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€74k
EBIT margin
1.5%
Net result
€992
2024 · €-3k
2018: €561
2019: €2k
2020: €16k
2021: €-302
2022: €2k
2023: €1k
2024: €-3k
2018 → 2025
Working capital
€33k▼ 5.5%
2024 · €35k
2018: €18k
2019: €21k
2020: €39k
2021: €40k
2022: €35k
2023: €38k
2024: €35k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€42k▲ 3.7%€44k▲ 3.1%€41k▼ 6.8%€45k▲ 10.9%
Operating result€-3k-€2k€2k▼ 2.3%€-2k€2k
Net result€-302-€2k€1k▼ 13.3%€-3k€992
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2k after a loss of €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72k
Fixed assets
€12k▲ 116%
Current assets
€61k▲ 0.9%
Equity and liabilities €72k
Equity
€45k▲ 10.9%
Debt
€27k▲ 10.0%
The debt ratio falls from 37.8% to 37.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8k▲
2024 · €-288
Cash flow
€7k▲
2024 · €-1k
Solvency
62.4%▲
2024 · 62.2%
Current ratio
2.22▼
2024 · 2.42
Quick ratio
0.90▼
2024 · 1.38
Debt / equity
0.60▼
2024 · 0.61
ROE
2.2%▲
2024 · -7.3%
ROA
1.4%▲
2024 · -4.5%
Interest coverage
9.77▲
2024 · -0.40
Debt
€27k▲
2024 · €25k
Debt ≤ 1 year
€27k▲
2024 · €25k
Income taxes
€401▲
2024 · €98
Staff costs
€11k▼
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€66k€72k▲
Fixed assets21/28€6k€12k▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27€6k€9k▲
Furniture and vehicles24€1k€7k▲
Other tangible fixed assets26€4k€2k▼
Current assets29/58€60k€61k▲
Stocks and contracts in progress3€26k€36k▲
Stocks30/36€26k€36k▲
Amounts receivable within one year40/41€26k€20k▼
Trade receivables40€6k€6k▼
Other amounts receivable41€20k€14k▼
Cash at bank and in hand54/58€5k€2k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€66k€72k▲
Equity10/15€41k€45k▲
Contributions10/11€19k€19k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Profit (loss) carried forward14€21k€25k▲
Amounts payable17/49€25k€27k▲
Amounts payable within one year42/48€25k€27k▲
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€4k€2k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€18k€21k▲
Income statement
Code20242025
Remuneration, social security and pensions62€19k€11k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€6k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€21k€21k▲
Operating profit (loss)9901€-2k€2k▲
Financial income75/76B€79€1▼
Recurring financial income75€79€1▼
Financial charges65/66B€728€857▲
Recurring financial charges65€728€857▲
Profit (loss) for the period before taxes9903€-3k€1k▲
Income taxes67/77€98€401▲
Profit (loss) for the period9904€-3k€992▲
Profit (loss) for the period to be appropriated9905€-3k€992▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€25k▲
Profit (loss) brought forward from the previous period14P€24k€24k▲
The notes to these accounts (9 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
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €992
Net result €992 after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-3k ▼328%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Highest result since 2018net €16k ▲666%
Operating result €25k, net result €16k, both a record.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Fleurus · 1 establishment unit since 2002
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 du Baty(WB) 23B6224 FleurusGround area
1,140 m²
Building footprint
224 m²
Volume, LiDAR
1,092 m³
2 parcels, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Route des Crêtes 26, 5170 Profondeville
since 20022.098.866.895
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92101A0054/00X002 | Wallonia | 1,071 m² | 1 · 162 m² | 6.8 m · 1 fl. |
| 52071C0532/00D000 | Wallonia | 70 m² | 1 · 62 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
B&W
BE 0866.844.458
Genk · Eq €106k
REKEG Solutions
BE 0739.862.946
Middelkerke · Eq €14k
F.L.MAINTENANCE
BE 0846.090.418
Beaumont · Eq €266k
PASCO
BE 0440.668.822
Zele · Eq €411k
Of 18 companies in sector 25910 we hold annual accounts for 14. 4 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-01-2002
Fiscal year end31-12
Activities, NACEBEL
25910Manufacture of fabricated metal products, except machinery and equipment
47120Other non-specialised retail sale
47191Retail trade
25930Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.