TOPA PACKAGING
ActiveSummary
TOPA PACKAGING has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.99M and a net result of €56k. Equity is growing by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▼-29
Solvency100▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 4.01 against 3.79 in 2024; short-term debt: 24.6% and cash: 50.1% of total assets), and 24.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
75.4%
Return on assets
2.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
29 d early
2023
33 d early
2022
29 d early
2021
12 d early
2020
30 d early
2019
30 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.99M▲ 2.9%
2024 · €1.93M
2018: €262k
2019: €311k
2020: €715k
2021: €1.11M
2022: €1.06M
2023: €1.49M
2024: €1.93M
2018 → 2025
Total assets
€2.64M▲ 1.0%
2024 · €2.61M
2018: €1.52M
2019: €1.59M
2020: €1.89M
2021: €2.08M
2022: €2.63M
2023: €2.49M
2024: €2.61M
2018 → 2025
Net result
€56k▼ 87.6%
2024 · €448k
2018: €208k
2019: €149k
2020: €303k
2021: €397k
2022: €452k
2023: €422k
2024: €448k
2018 → 2025
Working capital
€1.95M▲ 3.1%
2024 · €1.90M
2018: €701k
2019: €639k
2020: €1.02M
2021: €1.36M
2022: €1.30M
2023: €1.72M
2024: €1.90M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.11M-€1.06M▼ 4.3%€1.49M▲ 39.7%€1.93M▲ 30.2%€1.99M▲ 2.9%
Operating result€539k-€615k▲ 14.2%€575k▼ 6.5%€610k▲ 5.9%€107k▼ 82.5%
Net result€397k-€452k▲ 13.8%€422k▼ 6.5%€448k▲ 6.2%€56k▼ 87.6%
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 83% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.64M
Fixed assets
€36k ▼ 6.6%
Current assets
€2.60M ▲ 1.1%
Equity and liabilities €2.64M
Equity
€1.99M ▲ 2.9%
Debt
€649k ▼ 4.5%
Debt's share of the balance-sheet total falls from 26.0% to 24.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117k▼
2024 · €615k
Cash flow
€66k▼
2024 · €454k
Current ratio
4.01▲
2024 · 3.79
Quick ratio
4.00▲
2024 · 3.78
Debt to equity
0.33▼
2024 · 0.35
ROE
2.8%▼
2024 · 23.2%
ROA
2.1%▼
2024 · 17.2%
Interest coverage
4.77▼
2024 · 47.96
Debt ≤ 1 year
€649k▼
2024 · €680k
Income taxes
€37k▼
2024 · €164k
Staff costs
€1.39M▲
2024 · €1.15M
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€2.61M€2.64M▲
Fixed assets21/28€38k€36k▼
Tangible fixed assets22/27€38k€36k▼
Plant, machinery and equipment23€8k€16k▲
Furniture and vehicles24€27k€17k▼
Other tangible fixed assets26€3k€3k▼
Financial fixed assets28€150€350▲
Current assets29/58€2.57M€2.60M▲
Stocks and contracts in progress3€6k€10k▲
Stocks30/36€6k€10k▲
Amounts receivable within one year40/41€1.52M€1.25M▼
Trade receivables40€1.49M€1.13M▼
Other amounts receivable41€32k€121k▲
Cash at bank and in hand54/58€1.04M€1.32M▲
Deferred charges and accrued income490/1€9k€16k▲
Equity and liabilities
Total equity and liabilities10/49€2.61M€2.64M▲
Equity10/15€1.93M€1.99M▲
Contributions10/11€19k€19k=
Reserves13€1.92M€1.97M▲
Distributable reserves133€1.92M€1.97M▲
Amounts payable17/49€680k€649k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€680k€649k▼
Trade debts44€201k€67k▼
Suppliers440/4€201k€67k▼
Taxes, remuneration and social security45€352k€344k▼
Taxes450/3€152k€145k▼
Remuneration and social security454/9€200k€199k▼
Other amounts payable47/48€127k€238k▲
Income statement
Code20242025
Non-recurring operating income76A€14k€0▼
Remuneration, social security and pensions62€1.15M€1.39M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€11k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€2k▼
Other operating charges640/8€4k€3k▼
Non-recurring operating charges66A€8k€234▼
Gross operating margin9900€1.78M€1.51M▼
Operating profit (loss)9901€610k€107k▼
Financial income75/76B€15k€11k▼
Recurring financial income75€15k€11k▼
Financial charges65/66B€13k€25k▲
Recurring financial charges65€13k€25k▲
Profit (loss) for the period before taxes9903€612k€93k▼
Income taxes67/77€164k€37k▼
Profit (loss) for the period9904€448k€56k▼
Profit (loss) for the period to be appropriated9905€448k€56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€448k€56k▼
Transfer to equity691/2€448k€56k▼
To other reserves6921€448k€56k▼
Social balance
Average headcount (FTE)908711.013.1▲
The notes to these accounts (14 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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €56k ▼87.6%
Net result drops to €56k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €452k ▲13.8%
Operating result €615k, net result €452k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.11M ▲55.5%
4 profitable years in a row build equity to €1.11M.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €715k ▲129%
3 profitable years in a row build equity to €715k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
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.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Kontich · 1 establishment unit since 2015
Ground area
6,132 m²
Building footprint
887 m²
Volume, LiDAR
2,944 m³
Parcel 11602E0074/00H002, Flanders · tallest building 5.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TOPA PACKAGING
since 20152.242.861.912
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602E0074/00H002 | Flanders | 6,132 m² | 1 · 887 m² | 5.1 m · 1 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
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SOBELPAC
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MULTIVAC BELGIUM
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Of 57 companies in sector 46642 we hold annual accounts for 37. 21 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
Founded12-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46642Wholesale trade
46649Wholesale of other machinery and equipment
46493Wholesale trade
82920Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.