Financials
- Fiscal year
- 2025
- Total assets
- €49,029
- Profit
- €544
- Solvency
- 98.4%
Total assets▲ 2.8%
Net result
20182025
TOP VISION
ActiveSummary
TOP VISION has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,220 and a net result of €544. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 95% of 12348 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Wholesale trade
NACE 46432NACE 46433NACE 51473
1 site
Size
€49,029total assets 2025
- Equity
- €48,220
- Profit
- €544
Turnover not published (abridged schema)
Structure
Accounts filed 28 d late0 of 1 deed read
Why 96- Size: total assets €49,029+ Liquidity: current ratio 60.64, cash €47,083+ Equity €48,220 (98.4% of total assets)+ Founded in 1996Show the evidence
Checked score
Score 2025
96
/ 100
Excellent
Probability in this band: under 0.55%
Better than 66% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100=
equity 98.4% of total assets
Liquidity
100=
short-term debt 1.6% · cash 96.0%
Profitability
40+5
return on assets 1.1%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 14 months
09-2025: < 0.1%
10-2025: < 0.1%● 0.0% vs 09-2025
11-2025: < 0.1%● 0.0% vs 10-2025
12-2025: < 0.1%● 0.0% vs 11-2025
01-2026: < 0.1%▼ -6.3% vs 12-2025
02-2026: < 0.1%● 0.0% vs 01-2026
03-2026: < 0.1%● 0.0% vs 02-2026
04-2026: < 0.1%▲ +2.2% vs 03-2026
05-2026: < 0.1%● 0.0% vs 04-2026
06-2026: < 0.1%● 0.0% vs 05-2026
07-2026: < 0.1%▲ +6.5% vs 06-2026
08-2026: 0.1%▲ +129% vs 07-2026highest value
09-2026: < 0.1%▼ -61.6% vs 08-2026lowest value
10-2026: < 0.1%● 0.0% vs 09-2026lowest value
- Liquidity: current ratio 60.64, cash €47,083 lowers the probability
- Equity €48,220 (98.4% of total assets) lowers the probability
- Founded in 1996 lowers the probability for this profile
- Size: total assets €49,029 raises the probability for this profile
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 60.64; short-term debt: 1.6% and cash: 96% of total assets), and 1.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 90%, liquidity 98%, profitability 32%, growth against the median 45%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
58 d early
2023
96 d early
2022
55 d early
2021
46 d early
2020
127 d early
2019
9 d early
← 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 52 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 6 June (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €544
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 31-07-2027
- 28-08-2026Annual accounts filed
- 31-12-2025Back to profit
- 03-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Coöperatieve vennootschap met beperkte aansprakelijkheid
- Activity
- Wholesale tradeNACE 46432
- Founded
- 14-02-1996
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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