TOP TEX 1
ActiveThe computed 12-month bankruptcy probability of TOP TEX 1 is 1.8% (moderate). The 2024 annual accounts show equity of €105k and a net result of €5k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 64% of 26052 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-1
Solvency74▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.75 in 2023; short-term debt: 51.4% and cash: 29.1% of total assets), but 51.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
48.6%
Return on assets
2.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
30 d late
2022
on the day
2021
11 d early
2020
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€105k▲ 5.1%
2023 · €100k
2020: €80k
2021: €85k
2022: €92k
2023: €100k
2020 → 2024
Total assets
€216k▼ 5.6%
2023 · €229k
2020: €199k
2021: €183k
2022: €330k
2023: €229k
2020 → 2024
Net result
€5k▼ 36.8%
2023 · €8k
2020: €75k
2021: €5k
2022: €7k
2023: €8k
2020 → 2024
Working capital
€105k▲ 8.5%
2023 · €97k
2020: €54k
2021: €72k
2022: €86k
2023: €97k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€80k-€85k▲ 6.6%€92k▲ 8.0%€100k▲ 8.7%€105k▲ 5.1%
Operating result€92k-€7k▼ 91.9%€19k▲ 152%€13k▼ 32.8%€6k▼ 54.5%
Net result€75k-€5k▼ 93.0%€7k▲ 28.7%€8k▲ 18.3%€5k▼ 36.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 55% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €216k
Equity
€105k▲ 5.1%
Debt
€111k▼ 13.9%
The debt ratio falls from 56.3% to 51.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▼
2023 · €16k
Cash flow
€8k▼
2023 · €11k
Solvency
48.6%▲
2023 · 43.7%
Current ratio
1.95▲
2023 · 1.75
Quick ratio
1.05▲
2023 · 0.07
Debt / equity
1.06▼
2023 · 1.29
ROE
4.8%▼
2023 · 8.0%
ROA
2.3%▼
2023 · 3.5%
Interest coverage
13.58▲
2023 · 11.33
Debt
€111k▼
2023 · €129k
Debt ≤ 1 year
€111k▼
2023 · €129k
Staff costs
€53k▼
2023 · €67k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€229k€216k▼
Fixed assets21/28€3k€0▼
Tangible fixed assets22/27€3k€0▼
Furniture and vehicles24€3k€0▼
Current assets29/58€226k€216k▼
Stocks and contracts in progress3€217k€100k▼
Stocks30/36€217k€100k▼
Amounts receivable within one year40/41€4k€52k▲
Trade receivables40€0€52k▲
Other amounts receivable41€4k€0▼
Cash at bank and in hand54/58€3k€63k▲
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€229k€216k▼
Equity10/15€100k€105k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€95k€100k▲
Amounts payable17/49€129k€111k▼
Amounts payable within one year42/48€129k€111k▼
Trade debts44€78k€17k▼
Suppliers440/4€78k€17k▼
Advances received on contracts in progress46-€23k
Taxes, remuneration and social security45€12k€27k▲
Taxes450/3€10k€11k▲
Remuneration and social security454/9€1k€16k▲
Other amounts payable47/48€39k€44k▲
Income statement
Code20232024
Non-recurring operating income76A€1k-
Goods, raw materials, services and sundry goods60/61-€500k
Remuneration, social security and pensions62€67k€53k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€84k€64k▼
Operating profit (loss)9901€13k€6k▼
Financial income75/76B€37-
Recurring financial income75€37-
Financial charges65/66B€1k€656▼
Recurring financial charges65€1k€656▼
Profit (loss) for the period before taxes9903€11k€5k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€8k€5k▼
Profit (loss) for the period to be appropriated9905€8k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€95k€100k▲
Profit (loss) brought forward from the previous period14P€87k€95k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Weakest financial yearnet €5k ▼36.8%
Net result drops to €5k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €100kEq €100k ▲8.7%
4 profitable years in a row build equity to €100k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
1 establishment unit since 2020
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.
Ground area
1.2 ha
Building footprint
144 m²
Volume, LiDAR
1,543 m³
2 parcels, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
TOP TEX 1
since 20202.298.436.378
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002C0728/00D000 | Flanders | 1.2 ha | - | - |
| 22662B0387/00R004 | Flanders | 147 m² | 1 · 144 m² | 14.9 m · 4 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
SOPEM
BE 0400.517.750
Soignies · Eq €107k
KOERDI
BE 0476.703.629
Etterbeek · Eq €108k
GLOBALE TRADING
BE 0827.774.244
Koekelberg · Eq €103k
Papaya
BE 0689.994.058
Sint-Martens-Latem · Eq €108k
CC Anderlecht
BE 0792.564.630
Braine-l'Alleud · Eq €108k
Of 948 companies in sector 47792 we hold annual accounts for 184. 132 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-01-2020
Fiscal year end31-12
Activities, NACEBEL
46419Wholesale trade
46879Wholesale trade
47792Retail sale of second-hand clothing
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47820Market retail: textiles, clothing, footwear
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.