TOPARCHI
ActiveSummary
TOPARCHI has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €363,448 and a net result of €519,590. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 51% of 11619 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+27
Solvency81▲+30
Growth85▲+13
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 3.81 against 0.2 in 2023; short-term debt: 25.3% and cash: 90.3% of total assets), and 44.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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 2024Solvency, return and age of the figures
Solvency
55.6%
Return on assets
79.6%
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 20-10-2025, 81 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
81 d late
2023
56 d late
2022
92 d late
2021
20 d early
2020
30 d late
2019
130 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 62 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
In the rankings
#5 company by equity in Philippeville, Professional and technical services sector#6 company by total assets in Philippeville, Professional and technical services sector#7 oldest company in Philippeville, Professional and technical services sector
Turnover
€77,891▲ 22.3%
2018 · €63,667
EBIT margin
-35.3%▼ 10.7pp
2018 · -24.6%
Net result
€519,590▲ 4,284%
2023 · €11,852
Working capital
€462,935
2023 · -€165,451
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result-€8,498▲ 69.1%€11,794€10,837▼ 8.1%€22,261▲ 105%€663,452▲ 2,880%
Net result-€14,499below the sector's middle half▲ 55.8%€6,575within the sector's middle half€3,359within the sector's middle half▼ 48.9%€11,852within the sector's middle half▲ 253%€519,590above the sector's middle half▲ 4,284%
EBIT margin
Equity€64,131within the sector's middle half▼ 18.4%€70,706within the sector's middle half▲ 10.3%€74,065within the sector's middle half▲ 4.8%€85,917within the sector's middle half▲ 16.0%€363,448above the sector's middle half▲ 323%
Total assets€386,378above the sector's middle half▼ 6.7%€350,285above the sector's middle half▼ 9.3%€323,457above the sector's middle half▼ 7.7%€328,974above the sector's middle half▲ 1.7%€653,134above the sector's middle half▲ 98.5%
Debt€322,247▼ 3.9%€279,579▼ 13.2%€249,392▼ 10.8%€243,057▼ 2.5%€170,447▼ 29.9%
Working capital-€228,310below the sector's middle half▲ 1.8%-€199,032below the sector's middle half▲ 12.8%-€183,743below the sector's middle half▲ 7.7%-€165,451below the sector's middle half▲ 10.0%€462,935above the sector's middle half
Solvency16.6%below the sector's middle half▼ 2.4pp20.2%below the sector's middle half▲ 3.6pp22.9%below the sector's middle half▲ 2.7pp26.1%within the sector's middle half▲ 3.2pp55.6%within the sector's middle half▲ 29.5pp
Current ratio0.02below the sector's middle half▲ 0.010.07below the sector's middle half▲ 0.060.08below the sector's middle half=0.20below the sector's middle half▲ 0.123.81within the sector's middle half▲ 3.61
Return on assets (ROA)-3.8%below the sector's middle half▲ 4.2pp1.9%within the sector's middle half▲ 5.6pp1.0%below the sector's middle half▼ 0.8pp3.6%within the sector's middle half▲ 2.6pp79.6%above the sector's middle half▲ 76.0pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 2,880% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €653,134
Fixed assets
€25,271 ▼ 91.2%
Current assets
€627,863 ▲ 1,416%
Equity and liabilities €653,134
Equity
€363,448 ▲ 323%
Provisions
€119,239
Debt
€170,447 ▼ 29.9%
Debt's share of the balance-sheet total falls from 73.9% to 26.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€665,371▲
2023 · €47,089
Cash flow
€521,509▲
2023 · €36,681
Debt to equity
0.47▼
2023 · 2.83
ROE
143.0%▲
2023 · 13.8%
Interest coverage
123.68▲
2023 · 7.59
Debt ≤ 1 year
€164,928▼
2023 · €206,864
Debt > 1 year
€5,451▼
2023 · €35,228
Income taxes
€19,293▲
2023 · €4,270
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 20,134 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €329 | - | - | €581,394 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,188 | €30,654 | €25,835 | €24,828 | €1,919 | ▼ 92.3% |
| Other operating charges640/8 | - | €4,752 | €5,361 | €4,255 | €2,492 | ▼ 41.4% |
| Non-recurring operating charges66A | - | €1,244 | - | - | - | - |
| Gross operating margin9900 | €34,794 | €48,444 | €42,034 | €51,344 | €667,863 | ▲ 1,201% |
| Operating profit (loss)9901 | -€8,498 | €11,794 | €10,837 | €22,261 | €663,452 | ▲ 2,880% |
| Financial income75/76B | - | - | - | €67 | €50 | ▼ 25.2% |
| Recurring financial income75 | €34 | - | - | €67 | €50 | ▼ 25.2% |
| Financial charges65/66B | - | €4,619 | €6,764 | €6,207 | €5,380 | ▼ 13.3% |
| Recurring financial charges65 | €5,773 | €4,619 | €6,764 | €6,207 | €5,380 | ▼ 13.3% |
| Profit (loss) for the period before taxes9903 | -€14,237 | €7,176 | €4,073 | €16,122 | €658,123 | ▲ 3,982% |
| Transfer from deferred taxes780 | - | - | - | - | €16 | - |
| Transfer to deferred taxes680 | - | - | - | - | €119,256 | - |
| Income taxes67/77 | €262 | €600 | €714 | €4,270 | €19,293 | ▲ 352% |
| Profit (loss) for the period9904 | -€14,499 | €6,575 | €3,359 | €11,852 | €519,590 | ▲ 4,284% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €49 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €357,768 | - |
| Profit (loss) for the period to be appropriated9905 | -€14,499 | €6,575 | €3,359 | €11,852 | €161,872 | ▲ 1,266% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €386,378 | €350,285 | €323,457 | €328,974 | €653,134 | ▲ 98.5% |
| Fixed assets21/28 | €382,242 | €334,258 | €308,423 | €287,561 | €25,271 | ▼ 91.2% |
| Tangible fixed assets22/27 | €382,002 | €334,018 | €308,183 | €287,321 | €25,031 | ▼ 91.3% |
| Land and buildings22 | - | €331,438 | €306,749 | €285,967 | €13,660 | ▼ 95.2% |
| Plant, machinery and equipment23 | - | €2,218 | €1,245 | €401 | - | - |
| Furniture and vehicles24 | - | €362 | €189 | €953 | €11,372 | ▲ 1,094% |
| Financial fixed assets28 | €240 | €240 | €240 | €240 | €240 | = |
| Current assets29/58 | €4,136 | €16,027 | €15,034 | €41,413 | €627,863 | ▲ 1,416% |
| Amounts receivable within one year40/41 | €3,692 | €13,845 | €12,500 | €34,715 | €37,376 | ▲ 7.7% |
| Trade receivables40 | - | €13,845 | €12,500 | €34,715 | €36,699 | ▲ 5.7% |
| Other amounts receivable41 | - | - | - | - | €677 | - |
| Cash at bank and in hand54/58 | €424 | €47 | €11 | €5,344 | €590,092 | ▲ 10,943% |
| Deferred charges and accrued income490/1 | - | €2,135 | €2,523 | €1,354 | €395 | ▼ 70.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €386,378 | €350,285 | €323,457 | €328,974 | €653,134 | ▲ 98.5% |
| Equity10/15 | €64,131 | €70,706 | €74,065 | €85,917 | €363,448 | ▲ 323% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | - | €242,059 | €242,059 | €242,059 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €359,578 | ▲ 19,232% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | - | €357,718 | - |
| Profit (loss) carried forward14 | -€198,389 | -€191,813 | -€188,455 | -€176,602 | -€14,730 | ▲ 91.7% |
| Provisions and deferred taxes16 | - | - | - | - | €119,239 | - |
| Deferred taxes168 | - | - | - | - | €119,239 | - |
| Amounts payable17/49 | €322,247 | €279,579 | €249,392 | €243,057 | €170,447 | ▼ 29.9% |
| Amounts payable after more than one year17 | €88,834 | €63,553 | €49,650 | €35,228 | €5,451 | ▼ 84.5% |
| Financial debts170/4 | - | €63,553 | €49,650 | €35,228 | €5,451 | ▼ 84.5% |
| Amounts payable within one year42/48 | €232,446 | €215,060 | €198,777 | €206,864 | €164,928 | ▼ 20.3% |
| Current portion of amounts payable after more than one year42 | - | €13,406 | €13,903 | €14,421 | €3,242 | ▼ 77.5% |
| Financial debts43 | - | €3,005 | €6,260 | - | - | - |
| Credit institutions430/8 | - | €3,005 | €6,260 | - | - | - |
| Trade debts44 | €7,865 | €14,820 | €12,362 | €18,415 | €25,342 | ▲ 37.6% |
| Suppliers440/4 | - | €14,820 | €12,362 | €18,415 | €25,342 | ▲ 37.6% |
| Taxes, remuneration and social security45 | - | €4,497 | €4,687 | €13,211 | €27,186 | ▲ 106% |
| Taxes450/3 | - | €4,497 | €4,687 | €13,211 | €27,186 | ▲ 106% |
| Other amounts payable47/48 | - | €179,331 | €161,565 | €160,816 | €109,158 | ▼ 32.1% |
| Accrued charges and deferred income492/3 | - | €967 | €966 | €965 | €68 | ▼ 93.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,499 | €6,575 | €3,359 | €11,852 | €519,590 | ▲ 4,284% |
| + Depreciation and write-downs630 | €38,188 | €30,654 | €25,835 | €24,828 | €1,919 | ▼ 92.3% |
| Operating cash flow (approximation) | €23,689 | €37,229 | €29,194 | €36,681 | €521,509 | ▲ 1,322% |
| Investment in fixed assets (approximation) | - | €17,330 | €0 | -€3,967 | €260,371 | ▲ 6,664% |
| Change in cash | - | -€377 | -€36 | €5,332 | €584,748 | ▲ 10,866% |
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
20-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 81 days late
2024
31-12
Financial
Highest result since 2018net €519,590 ▲4,284%
Operating result €663,452, net result €519,590, both a record.
31-12
Financial
Liquidity times 19current ratio 3.81
Current ratio from 0.20 to 3.81; short-term debt falls from €206,864 to €164,928.
31-12
Financial
Equity above €200,000Eq €363,448 ▲323%
4 profitable years in a row build equity to €363,448.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €6,575
Net result €6,575 after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 130 days late
2019
31-12
Financial
Weakest financial yearnet -€32,787
Net result drops to -€32,787, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 153 days late
Show earlier events
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 366 days late
2018
19-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 445 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 340 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Philippeville · 1 establishment unit since 2004
Ground area
4,159 m²
Building footprint
703 m²
Volume, LiDAR
7,735 m³
2 parcels, Wallonia · tallest building 20.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Toparchi
since 20042.137.991.153
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52012A1194/00G003 | Wallonia | 4,060 m² | 1 · 525 m² | 20.2 m · 5 fl. |
| 93084D0164/00A000 | Wallonia | 99 m² | 1 · 178 m² | - |
Linked by address, not proof of ownership
Good to know
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
bhau architecten
BE 0895.518.450
Hasselt · Eq €363,033
Tides Engineering
BE 0578.983.991
Gent · Eq €364,213
J3CA
BE 0644.431.772
Tielt · Eq €364,352
Molsbrook fifty five
BE 0431.928.330
Lokeren · Eq €364,476
JLK BOUWADVIES
BE 0888.026.585
Lokeren · Eq €364,495
Of 18,247 companies in sector 71111 we hold annual accounts for 6,322. 4,456 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
Founded05-07-2004
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
71112Activities of interior architects
80010Investigation and private security services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866143880
Also
9925:BE0866143880
Registered
20-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.