TOPA
ActiveSummary
TOPA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.6m and a net result of €578,751. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 62% of 1760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-15
Solvency77▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €400,000 at 30 days acceptable
Liquidity ample (current ratio 3.98 against 4.3 in 2024; short-term debt: 14.9% and cash: 41.6% of total assets), and 47.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← 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
52.3%
Return on assets
6.6%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
30 d late
2023
28 d early
2022
70 d early
2021
62 d early
2020
9 d early
2019
23 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 23 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 company by total assets in Jabbeke, Agriculture, forestry and fishing sector#1 company by equity in Jabbeke, Agriculture, forestry and fishing sector#3 oldest company in Jabbeke, Agriculture, forestry and fishing sector
Equity
€4.6m▲ 10.2%
2024 · €4.2m
Total assets
€8.8m▲ 45.8%
2024 · €6.0m
Net result
€578,751▼ 48.7%
2024 · €1.1m
Working capital
€3.9m▲ 37.2%
2024 · €2.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€20,518▼ 96.9%€557,756▲ 2,618%€1.3m▲ 135%€1.5m▲ 17.2%€775,169▼ 49.6%
Net result€17,749within the sector's middle half▼ 97.2%€409,640above the sector's middle half▲ 2,208%€953,309above the sector's middle half▲ 133%€1.1mabove the sector's middle half▲ 18.2%€578,751above the sector's middle half▼ 48.7%
Equity€2.2mabove the sector's middle half▲ 0.8%€2.5mabove the sector's middle half▲ 12.4%€3.4mabove the sector's middle half▲ 38.3%€4.2mabove the sector's middle half▲ 21.0%€4.6mabove the sector's middle half▲ 10.2%
Total assets€5.4mabove the sector's middle half▼ 4.5%€5.5mabove the sector's middle half▲ 1.7%€5.6mabove the sector's middle half▲ 1.5%€6.0mabove the sector's middle half▲ 7.7%€8.8mabove the sector's middle half▲ 45.8%
Debt€3.2m▼ 7.9%€3.0m▼ 5.6%€2.2m▼ 28.7%€1.9m▼ 13.9%€4.2m▲ 125%
Working capital€1.2m▲ 2.0%€1.4m▲ 16.7%€2.1m▲ 46.6%€2.8m▲ 33.7%€3.9m▲ 37.2%
Solvency40.9%within the sector's middle half▲ 2.2pp45.2%within the sector's middle half▲ 4.3pp61.5%above the sector's middle half▲ 16.3pp69.1%above the sector's middle half▲ 7.6pp52.3%within the sector's middle half▼ 16.9pp
Staff (FTE)9.7within the sector's middle half▲ 1.0%10.8above the sector's middle half▲ 11.3%11.6above the sector's middle half▲ 7.4%10.4above the sector's middle half▼ 10.3%9.3above the sector's middle half▼ 10.6%
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.8m
Fixed assets
€3.6m ▲ 54.0%
Current assets
€5.2m ▲ 40.7%
Equity and liabilities €8.8m
Equity
€4.6m ▲ 10.2%
Provisions
€20,121 ▲ 213%
Debt
€4.2m ▲ 125%
Debt's share of the balance-sheet total rises from 30.8% to 47.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.4m▼
2024 · €2.2m
Cash flow
€1.2m▼
2024 · €1.8m
Current ratio
3.98▼
2024 · 4.30
Quick ratio
3.95▼
2024 · 4.15
Debt to equity
0.91▲
2024 · 0.44
ROE
12.6%▼
2024 · 27.0%
ROA
6.6%▼
2024 · 18.7%
Interest coverage
53.02▼
2024 · 58.65
Debt ≤ 1 year
€1.3m▲
2024 · €859,754
Debt > 1 year
€2.9m▲
2024 · €994,036
Income taxes
€182,816▼
2024 · €407,093
Staff costs
€426,753▼
2024 · €459,649
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €9,500 | €53,743 | €22,034 | €49,310 | €77,106 | ▲ 56.4% |
| Remuneration, social security and pensions62 | €377,857 | €394,090 | €434,501 | €459,649 | €426,753 | ▼ 7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €592,030 | €538,297 | €596,414 | €683,172 | €663,789 | ▼ 2.8% |
| Other operating charges640/8 | €23,848 | €25,736 | €27,242 | €29,032 | €30,495 | ▲ 5.0% |
| Non-recurring operating charges66A | €240 | €755 | €1,500 | €4,939 | €11,437 | ▲ 132% |
| Gross operating margin9900 | €1.0m | €1.5m | €2.4m | €2.7m | €1.9m | ▼ 29.7% |
| Operating profit (loss)9901 | €20,518 | €557,756 | €1.3m | €1.5m | €775,169 | ▼ 49.6% |
| Financial income75/76B | €54,099 | €13,289 | €48,709 | €40,172 | €27,231 | ▼ 32.2% |
| Recurring financial income75 | €54,099 | €13,289 | €48,709 | €40,172 | €27,231 | ▼ 32.2% |
| Financial charges65/66B | €54,319 | €42,666 | €48,814 | €37,879 | €27,140 | ▼ 28.3% |
| Recurring financial charges65 | €54,319 | €42,666 | €48,814 | €37,879 | €27,140 | ▼ 28.3% |
| Profit (loss) for the period before taxes9903 | €20,298 | €528,379 | €1.3m | €1.5m | €775,260 | ▼ 49.7% |
| Transfer from deferred taxes780 | - | - | - | - | €2,840 | - |
| Transfer to deferred taxes680 | - | - | - | €6,429 | €16,532 | ▲ 157% |
| Income taxes67/77 | €2,549 | €118,739 | €359,546 | €407,093 | €182,816 | ▼ 55.1% |
| Profit (loss) for the period9904 | €17,749 | €409,640 | €953,309 | €1.1m | €578,751 | ▼ 48.7% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €8,519 | - |
| Transfer to tax-exempt reserves689 | - | €252,600 | - | €440,286 | €49,597 | ▼ 88.7% |
| Profit (loss) for the period to be appropriated9905 | €17,749 | €157,040 | €953,309 | €686,899 | €537,673 | ▼ 21.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.4m | €5.5m | €5.6m | €6.0m | €8.8m | ▲ 45.8% |
| Fixed assets21/28 | €3.0m | €2.7m | €2.6m | €2.3m | €3.6m | ▲ 54.0% |
| Tangible fixed assets22/27 | €3.0m | €2.7m | €2.6m | €2.3m | €3.6m | ▲ 53.9% |
| Land and buildings22 | €1.0m | €948,474 | €809,339 | €706,319 | €2.4m | ▲ 235% |
| Plant, machinery and equipment23 | €1.3m | €999,284 | €955,874 | €938,185 | €781,865 | ▼ 16.7% |
| Furniture and vehicles24 | €130,428 | €230,651 | €290,243 | €376,740 | €324,114 | ▼ 14.0% |
| Leasing and similar rights25 | €590,730 | €562,203 | €533,676 | €305,149 | €105,000 | ▼ 65.6% |
| Financial fixed assets28 | €185 | €185 | €185 | €335 | €2,586 | ▲ 672% |
| Current assets29/58 | €2.4m | €2.8m | €3.0m | €3.7m | €5.2m | ▲ 40.7% |
| Amounts receivable after more than one year29 | €28,370 | €146,241 | €138,939 | €129,959 | €0 | ▼ 100% |
| Other amounts receivable291 | €28,370 | €146,241 | €138,939 | €129,959 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €145,149 | €150,272 | €154,040 | €133,900 | €38,194 | ▼ 71.5% |
| Stocks30/36 | €145,149 | €150,272 | €154,040 | €133,900 | €38,194 | ▼ 71.5% |
| Amounts receivable within one year40/41 | €421,152 | €433,194 | €540,665 | €244,627 | €945,800 | ▲ 287% |
| Trade receivables40 | €319,886 | €421,319 | €527,245 | €215,227 | €126,917 | ▼ 41.0% |
| Other amounts receivable41 | €101,266 | €11,875 | €13,420 | €29,400 | €818,883 | ▲ 2,685% |
| Current investments50/53 | €295,566 | €295,566 | €695,566 | €795,566 | €545,566 | ▼ 31.4% |
| Cash at bank and in hand54/58 | €1.5m | €1.7m | €1.5m | €2.3m | €3.7m | ▲ 56.0% |
| Deferred charges and accrued income490/1 | €20,951 | €48,003 | €29,080 | €55,846 | €24,567 | ▼ 56.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.4m | €5.5m | €5.6m | €6.0m | €8.8m | ▲ 45.8% |
| Equity10/15 | €2.2m | €2.5m | €3.4m | €4.2m | €4.6m | ▲ 10.2% |
| Contributions10/11 | €292,604 | €292,604 | €292,604 | €292,604 | €292,604 | = |
| Reserves13 | €1.6m | €2.2m | €3.2m | €3.9m | €4.3m | ▲ 11.1% |
| Tax-exempt reserves132 | - | €252,600 | €252,600 | €692,886 | €733,964 | ▲ 5.9% |
| Distributable reserves133 | €1.6m | €1.9m | €2.9m | €3.2m | €3.6m | ▲ 12.2% |
| Profit (loss) carried forward14 | €354,768 | €808 | €117 | €1,516 | €23 | ▼ 98.5% |
| Provisions and deferred taxes16 | - | - | - | €6,429 | €20,121 | ▲ 213% |
| Deferred taxes168 | - | - | - | €6,429 | €20,121 | ▲ 213% |
| Amounts payable17/49 | €3.2m | €3.0m | €2.2m | €1.9m | €4.2m | ▲ 125% |
| Amounts payable after more than one year17 | €2.1m | €1.7m | €1.3m | €994,036 | €2.9m | ▲ 188% |
| Financial debts170/4 | €2.1m | €1.7m | €1.3m | €994,036 | €2.9m | ▲ 188% |
| Amounts payable within one year42/48 | €1.1m | €1.3m | €884,469 | €859,754 | €1.3m | ▲ 52.3% |
| Current portion of amounts payable after more than one year42 | €452,626 | €473,169 | €383,219 | €274,375 | €428,286 | ▲ 56.1% |
| Trade debts44 | €654,647 | €735,791 | €369,320 | €492,036 | €836,131 | ▲ 69.9% |
| Suppliers440/4 | €654,647 | €735,791 | €369,320 | €492,036 | €836,131 | ▲ 69.9% |
| Taxes, remuneration and social security45 | €18,940 | €95,334 | €131,930 | €93,343 | €43,710 | ▼ 53.2% |
| Taxes450/3 | - | €77,035 | €107,067 | €64,000 | €19,220 | ▼ 70.0% |
| Remuneration and social security454/9 | €18,940 | €18,299 | €24,863 | €29,343 | €24,490 | ▼ 16.5% |
| Other amounts payable47/48 | €1,079 | €18,873 | - | - | €1,666 | - |
| Accrued charges and deferred income492/3 | €1,087 | €469 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,749 | €409,640 | €953,309 | €1.1m | €578,751 | ▼ 48.7% |
| + Depreciation and write-downs630 | €592,030 | €538,297 | €596,414 | €683,172 | €663,789 | ▼ 2.8% |
| Operating cash flow (approximation) | €609,779 | €947,937 | €1.5m | €1.8m | €1.2m | ▼ 31.4% |
| Investment in fixed assets (approximation) | - | -€229,675 | -€444,934 | -€420,583 | -€1.9m | ▼ 356% |
| Change in cash | - | €240,762 | -€248,910 | €890,505 | €1.3m | ▲ 47.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Highest result since 2018net €1.1m ▲18.2%
Operating result €1.5m, net result €1.1m, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €17,749 ▼97.2%
Net result drops to €17,749, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €2mEq €2.2m ▲40.7%
3 profitable years in a row build equity to €2.2m.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
18-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Jabbeke · 1 establishment unit since 1988
Ground area
1,041 m²
Building footprint
215 m²
Volume, LiDAR
1,104 m³
Parcel 31031C0904/00B000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
TOPA
since 19882.041.043.712
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31031C0904/00B000 | Flanders | 1,041 m² | 1 · 215 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 9,097 EUR awarded · 9,097 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,459 EUR | 2,555 EUR |
| 2024 | 1 | 212 EUR | 206 EUR |
| 2023 | 2 | 3,246 EUR | 3,246 EUR |
| 2022 | 2 | 3,180 EUR | 3,090 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteJabbeke2.041.043.712
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Of 3,623 companies in sector 01130 we hold annual accounts for 789. 399 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-11-1988
Fiscal year end31-12
Activities, NACEBEL 2025
01130Growing of vegetables, melons, roots and tubers
49410Freight transport by road
52210Service activities incidental to land transportation
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435729047
Also
9925:BE0435729047
Registered
13-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.