TOPAN
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
29 d early
2022
14 d early
2021
60 d late
2020
17 d late
2019
66 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 10 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€15.5m▲ 36.0%
2023 · €11.4m
Total assets
€33.5m▲ 3.7%
2023 · €32.3m
Net result
€4.1m
2023 · -€204,711
Working capital
-€10.5m▼ 13.1%
2023 · -€9.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1.5m-€77,785▲ 94.8%€124,428€198,902▲ 59.9%€5.5m▲ 2,664%
Net result-€1.4m-€246,282▲ 83.0%-€93,318▲ 62.1%-€204,711▼ 119%€4.1m
Equity€11.9m▼ 10.8%€11.7m▼ 2.1%€11.6m▼ 0.8%€11.4m▼ 1.8%€15.5m▲ 36.0%
Total assets€34.8m▲ 114%€33.7m▼ 3.3%€33.2m▼ 1.3%€32.3m▼ 2.7%€33.5m▲ 3.7%
Debt€20.3m▲ 10,948%€19.5m▼ 3.7%€19.3m▼ 1.0%€18.8m▼ 2.9%€15.7m▼ 16.2%
Working capital-€4.7m-€5.1m▼ 8.8%-€9.1m▼ 79.6%-€9.3m▼ 1.8%-€10.5m▼ 13.1%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Net result -119% on 2022. Cause not known from the registers.
- 2022 Net result +62% on 2021. Cause not known from the registers.
- 2021 Net result +83% on 2020. Cause not known from the registers.
- 2020 Total assets +114% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 2,664% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €33.5m
Fixed assets
€32.3m ▲ 3.6%
Current assets
€1.2m ▲ 6.1%
Equity and liabilities €33.5m
Equity
€15.5m ▲ 36.0%
Provisions
€2.3m ▲ 6.5%
Debt
€15.7m ▼ 16.2%
Debt's share of the balance-sheet total falls from 58.1% to 46.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6.8m▲
2023 · €1.2m
Cash flow
€5.4m▲
2023 · €822,712
Current ratio
0.11▼
2023 · 0.11
Debt to equity
1.02▼
2023 · 1.65
ROE
26.5%▲
2023 · -1.8%
ROA
12.2%▲
2023 · -0.6%
Interest coverage
10.59▲
2023 · 2.11
Debt ≤ 1 year
€11.8m▲
2023 · €10.5m
Debt > 1 year
€3.8m▼
2023 · €8.2m
Income taxes
€619,670
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €44,473 | €56,640 | €5.8m | ▲ 10,124% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €395,544 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.0m | €1.1m | €1.1m | €1.0m | €1.3m | ▲ 23.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €7,637 | -€7,637 | €0 | - | - |
| Other operating charges640/8 | - | €93,903 | €100,047 | €104,876 | €110,146 | ▲ 5.0% |
| Gross operating margin9900 | €581,233 | €1.1m | €1.3m | €1.3m | €6.9m | ▲ 417% |
| Operating profit (loss)9901 | -€1.5m | -€77,785 | €124,428 | €198,902 | €5.5m | ▲ 2,664% |
| Financial income75/76B | - | €32,686 | €3,640 | €29,218 | €364 | ▼ 98.8% |
| Recurring financial income75 | €53,436 | €32,686 | €3,640 | €29,218 | €364 | ▼ 98.8% |
| Financial charges65/66B | - | €375,092 | €369,096 | €580,540 | €639,611 | ▲ 10.2% |
| Recurring financial charges65 | €104,314 | €375,092 | €369,096 | €580,540 | €639,611 | ▲ 10.2% |
| Profit (loss) for the period before taxes9903 | -€1.5m | -€420,191 | -€241,027 | -€352,421 | €4.9m | ▲ 1,479% |
| Transfer from deferred taxes780 | - | €173,909 | €147,710 | €147,710 | €481,280 | ▲ 226% |
| Transfer to deferred taxes680 | - | - | - | - | €620,592 | - |
| Income taxes67/77 | €1,126 | €0 | - | - | €619,670 | - |
| Profit (loss) for the period9904 | -€1.4m | -€246,282 | -€93,318 | -€204,711 | €4.1m | ▲ 2,103% |
| Transfer from tax-exempt reserves789 | - | €370,981 | €317,587 | €317,587 | €1.0m | ▲ 220% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €1.9m | - |
| Profit (loss) for the period to be appropriated9905 | -€1.3m | €124,699 | €224,269 | €112,875 | €3.3m | ▲ 2,783% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34.8m | €33.7m | €33.2m | €32.3m | €33.5m | ▲ 3.7% |
| Fixed assets21/28 | €32.6m | €31.9m | €31.9m | €31.2m | €32.3m | ▲ 3.6% |
| Tangible fixed assets22/27 | €30.2m | €29.5m | €29.5m | €28.8m | €29.9m | ▲ 3.9% |
| Land and buildings22 | - | €29.5m | €29.5m | €28.7m | €29.9m | ▲ 3.9% |
| Plant, machinery and equipment23 | - | - | - | - | €1,576 | - |
| Furniture and vehicles24 | - | €3,865 | €2,670 | €5,344 | €3,849 | ▼ 28.0% |
| Financial fixed assets28 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Current assets29/58 | €2.2m | €1.8m | €1.3m | €1.2m | €1.2m | ▲ 6.1% |
| Amounts receivable after more than one year29 | - | €0 | - | - | - | - |
| Other amounts receivable291 | - | €0 | - | - | - | - |
| Stocks and contracts in progress3 | €43,771 | €43,771 | €2,585 | €833 | €0 | ▼ 100% |
| Stocks30/36 | - | €43,771 | €2,585 | €833 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €26,745 | €240,450 | €83,936 | €28,600 | €532,078 | ▲ 1,760% |
| Trade receivables40 | - | €235,489 | €43,703 | €27,150 | €26,583 | ▼ 2.1% |
| Other amounts receivable41 | - | €4,961 | €40,232 | €1,449 | €505,495 | ▲ 34,781% |
| Current investments50/53 | €136,302 | €945,220 | €945,220 | €787,177 | €647,134 | ▼ 17.8% |
| Cash at bank and in hand54/58 | €1.2m | €558,797 | €282,190 | €348,359 | €48,248 | ▼ 86.1% |
| Deferred charges and accrued income490/1 | - | €2,911 | €9,231 | €1,175 | €10,174 | ▲ 766% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34.8m | €33.7m | €33.2m | €32.3m | €33.5m | ▲ 3.7% |
| Equity10/15 | €11.9m | €11.7m | €11.6m | €11.4m | €15.5m | ▲ 36.0% |
| Contributions10/11 | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Capital10 | - | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Issued capital100 | - | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Reserves13 | €7.3m | €7.1m | €7.0m | €6.8m | €10.9m | ▲ 60.5% |
| Non-distributable reserves130/1 | - | €462,000 | €462,000 | €462,000 | €462,000 | = |
| Legal reserve130 | - | €462,000 | €462,000 | €462,000 | €462,000 | = |
| Tax-exempt reserves132 | - | €5.4m | €5.1m | €4.8m | €5.6m | ▲ 17.7% |
| Distributable reserves133 | - | €1.2m | €1.4m | €1.5m | €4.8m | ▲ 214% |
| Provisions and deferred taxes16 | €2.6m | €2.5m | €2.3m | €2.2m | €2.3m | ▲ 6.5% |
| Deferred taxes168 | - | €2.5m | €2.3m | €2.2m | €2.3m | ▲ 6.5% |
| Amounts payable17/49 | €20.3m | €19.5m | €19.3m | €18.8m | €15.7m | ▼ 16.2% |
| Amounts payable after more than one year17 | €13.4m | €12.6m | €8.8m | €8.2m | €3.8m | ▼ 53.4% |
| Financial debts170/4 | - | €12.6m | €8.8m | €8.2m | €3.8m | ▼ 53.4% |
| Amounts payable within one year42/48 | €6.9m | €6.9m | €10.5m | €10.5m | €11.8m | ▲ 12.4% |
| Current portion of amounts payable after more than one year42 | - | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Financial debts43 | - | €200,000 | €3.4m | €200,000 | €4.0m | ▲ 1,875% |
| Credit institutions430/8 | - | €200,000 | €3.4m | €200,000 | €4.0m | ▲ 1,875% |
| Trade debts44 | €46,234 | €39,134 | €82,492 | €89,087 | €103,834 | ▲ 16.6% |
| Suppliers440/4 | - | €39,134 | €82,492 | €89,087 | €103,834 | ▲ 16.6% |
| Other amounts payable47/48 | - | €6.2m | €6.6m | €9.8m | €7.3m | ▼ 25.2% |
| Accrued charges and deferred income492/3 | - | €80,117 | €103,020 | €144,941 | €165,049 | ▲ 13.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.4m | -€246,282 | -€93,318 | -€204,711 | €4.1m | ▲ 2,103% |
| + Depreciation and write-downs630 | €2.0m | €1.1m | €1.1m | €1.0m | €1.3m | ▲ 23.8% |
| Operating cash flow (approximation) | €565,645 | €818,374 | €957,786 | €822,712 | €5.4m | ▲ 553% |
| Investment in fixed assets (approximation) | - | -€320,986 | -€1.1m | -€280,898 | -€2.4m | ▼ 757% |
| Change in cash | - | -€644,955 | -€276,607 | €66,169 | -€300,111 | ▼ 554% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €4.1m
Net result €4.1m after 4 loss-making years.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
31-12
Financial
Weakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 66 days late
2019
31-12
Financial
Back to profitnet €1.4m
Net result €1.4m after one loss-making year.
31-12
Financial
Liquidity times 30current ratio 26.29
Current ratio from 0.89 to 26.29; short-term debt falls from €2.8m to €183,156.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Structure & network
Owners and holdings
4 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 4
-
33.33%
-
12.22%
-
0.12%
-
0.01%
According to the 2024 annual accounts of TOPAN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
5299006S6CT01H0LH532