Topas
ActiveSummary
Topas has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100k and a net result of €14k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 44.18 against 21.37 in 2024; short-term debt: 2.2% and cash: 32.8% of total assets), and 2.2% of the assets are financed with debt.
Credit check for your own amount and term
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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
97.8%
Return on assets
13.7%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 20-11-2025, 20 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
20 d late
2024
on the day
2023
9 d late
2022
29 d late
2021
3 d early
2020
30 d late
2019
396 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€100k▲ 16.2%
2024 · €86k
2019: €37klowest in 7 years
2020: €48k▲ +30.2% vs 2019
2021: €58k▲ +22.9% vs 2020
2022: €70k▲ +20.2% vs 2021
2023: €78k▲ +11.0% vs 2022
2024: €86k▲ +10.3% vs 2023
2025: €100k▲ +16.2% vs 2024highest in 7 years
2019 → 2025
Total assets
€102k▲ 13.4%
2024 · €90k
2019: €43klowest in 7 years
2020: €65k▲ +49.5% vs 2019
2021: €73k▲ +13.2% vs 2020
2022: €82k▲ +11.9% vs 2021
2023: €86k▲ +4.6% vs 2022
2024: €90k▲ +5.3% vs 2023
2025: €102k▲ +13.4% vs 2024highest in 7 years
2019 → 2025
Net result
€14k▲ 73.4%
2024 · €8k
2019: €2klowest in 7 years
2020: €11k▲ +408% vs 2019
2021: €11k▼ -1.1% vs 2020
2022: €12k▲ +8.4% vs 2021
2023: €8k▼ -34.8% vs 2022
2024: €8k▲ +4.5% vs 2023
2025: €14k▲ +73.4% vs 2024highest in 7 years
2019 → 2025
Working capital
€95k▲ 21.9%
2024 · €78k
2019: €33klowest in 7 years
2020: €44k▲ +34.7% vs 2019
2021: €57k▲ +28.5% vs 2020
2022: €69k▲ +21.5% vs 2021
2023: €76k▲ +10.6% vs 2022
2024: €78k▲ +2.6% vs 2023
2025: €95k▲ +21.9% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€70k▲ 20.2%€78k▲ 11.0%€86k▲ 10.3%€100k▲ 16.2%
2021: €58klowest in 5 years
2022: €70k▲ +20.2% vs 2021
2023: €78k▲ +11.0% vs 2022
2024: €86k▲ +10.3% vs 2023
2025: €100k▲ +16.2% vs 2024highest in 5 years
Operating result€12k-€13k▲ 2.8%€9k▼ 25.6%€13k▲ 36.2%€21k▲ 59.4%
2021: €12k
2022: €13k▲ +2.8% vs 2021
2023: €9k▼ -25.6% vs 2022lowest in 5 years
2024: €13k▲ +36.2% vs 2023
2025: €21k▲ +59.4% vs 2024highest in 5 years
Net result€11k-€12k▲ 8.4%€8k▼ 34.8%€8k▲ 4.5%€14k▲ 73.4%
2021: €11k
2022: €12k▲ +8.4% vs 2021
2023: €8k▼ -34.8% vs 2022lowest in 5 years
2024: €8k▲ +4.5% vs 2023
2025: €14k▲ +73.4% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 59% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101k
Fixed assets
€4k ▼ 45.9%
Current assets
€97k ▲ 18.9%
Equity and liabilities €102k
Equity
€100k ▲ 16.2%
Debt
€2k ▼ 46.0%
Debt's share of the balance-sheet total falls from 4.5% to 2.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▲
2024 · €17k
Cash flow
€17k▲
2024 · €12k
Current ratio
44.18▲
2024 · 21.37
Quick ratio
40.68▲
2024 · 19.46
Debt to equity
0.02▼
2024 · 0.05
ROE
14.0%▲
2024 · 9.4%
ROA
13.7%▲
2024 · 8.9%
Interest coverage
48.78▼
2024 · 55.69
Debt ≤ 1 year
€2k▼
2024 · €4k
Income taxes
€8k▲
2024 · €5k
Staff costs
€1k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€90k€102k▲
Formation expenses20€780€780=
Fixed assets21/28€7k€4k▼
Tangible fixed assets22/27€7k€4k▼
Furniture and vehicles24€7k€4k▼
Financial fixed assets28€204€204=
Current assets29/58€82k€97k▲
Stocks and contracts in progress3€7k€8k▲
Stocks30/36€7k€8k▲
Amounts receivable within one year40/41€46k€55k▲
Trade receivables40€20k€33k▲
Other amounts receivable41€27k€22k▼
Cash at bank and in hand54/58€27k€34k▲
Deferred charges and accrued income490/1€934€944▲
Equity and liabilities
Total equity and liabilities10/49€90k€102k▲
Equity10/15€86k€100k▲
Contributions10/11€19k€19k=
Reserves13€67k€81k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€5k€5k=
Distributable reserves133€61k€75k▲
Amounts payable17/49€4k€2k▼
Amounts payable within one year42/48€4k€2k▼
Current portion of amounts payable after more than one year42-€250
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€1k€378▼
Taxes450/3€1k€378▼
Remuneration and social security454/9€198-
Accrued charges and deferred income492/3€253-
Income statement
Code20242025
Remuneration, social security and pensions62-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€627€648▲
Gross operating margin9900€17k€26k▲
Operating profit (loss)9901€13k€21k▲
Financial income75/76B€4€1k▲
Recurring financial income75€4€1k▲
Financial charges65/66B€297€492▲
Recurring financial charges65€297€492▲
Profit (loss) for the period before taxes9903€13k€21k▲
Income taxes67/77€5k€8k▲
Profit (loss) for the period9904€8k€14k▲
Profit (loss) for the period to be appropriated9905€8k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€14k▲
Transfer to equity691/2€8k€14k▲
To the legal reserve6920€8k€14k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3k | €2k | - | - | - |
| Remuneration, social security and pensions62 | - | €2k | €765 | - | €1k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €1k | €729 | €4k | €3k | ▼ 6.2% |
| Other operating charges640/8 | - | €994 | €718 | €627 | €648 | ▲ 3.4% |
| Gross operating margin9900 | €16k | €17k | €12k | €17k | €26k | ▲ 49.6% |
| Operating profit (loss)9901 | €12k | €13k | €9k | €13k | €21k | ▲ 59.4% |
| Financial income75/76B | - | €3k | €2k | €4 | €1k | ▲ 31,694% |
| Recurring financial income75 | €4k | €3k | €2k | €4 | €1k | ▲ 31,694% |
| Financial charges65/66B | - | €292 | €429 | €297 | €492 | ▲ 65.6% |
| Recurring financial charges65 | €128 | €292 | €429 | €297 | €492 | ▲ 65.6% |
| Profit (loss) for the period before taxes9903 | €16k | €15k | €11k | €13k | €21k | ▲ 70.4% |
| Income taxes67/77 | €5k | €4k | €4k | €5k | €8k | ▲ 65.0% |
| Profit (loss) for the period9904 | €11k | €12k | €8k | €8k | €14k | ▲ 73.4% |
| Profit (loss) for the period to be appropriated9905 | €11k | €12k | €8k | €8k | €14k | ▲ 73.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73k | €82k | €86k | €90k | €102k | ▲ 13.4% |
| Formation expenses20 | - | - | - | €780 | €780 | = |
| Fixed assets21/28 | €2k | €1k | €2k | €7k | €4k | ▼ 45.9% |
| Tangible fixed assets22/27 | €2k | €1k | €2k | €7k | €4k | ▼ 47.2% |
| Furniture and vehicles24 | - | €1k | €2k | €7k | €4k | ▼ 47.2% |
| Financial fixed assets28 | €87 | €87 | €87 | €204 | €204 | = |
| Current assets29/58 | €71k | €80k | €84k | €82k | €97k | ▲ 18.9% |
| Stocks and contracts in progress3 | - | - | - | €7k | €8k | ▲ 5.6% |
| Stocks30/36 | - | - | - | €7k | €8k | ▲ 5.6% |
| Amounts receivable within one year40/41 | €57k | €72k | €28k | €46k | €55k | ▲ 18.7% |
| Trade receivables40 | - | €18k | €17k | €20k | €33k | ▲ 67.4% |
| Other amounts receivable41 | - | €54k | €11k | €27k | €22k | ▼ 16.8% |
| Cash at bank and in hand54/58 | €14k | €7k | €55k | €27k | €34k | ▲ 23.3% |
| Deferred charges and accrued income490/1 | - | €790 | €1k | €934 | €944 | ▲ 1.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73k | €82k | €86k | €90k | €102k | ▲ 13.4% |
| Equity10/15 | €58k | €70k | €78k | €86k | €100k | ▲ 16.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €12k | €12k | €59k | €67k | €81k | ▲ 20.7% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €5k | €5k | €5k | €5k | = |
| Distributable reserves133 | - | €5k | €53k | €61k | €75k | ▲ 23.0% |
| Profit (loss) carried forward14 | €28k | €40k | - | - | - | - |
| Amounts payable17/49 | €15k | €12k | €8k | €4k | €2k | ▼ 46.0% |
| Amounts payable within one year42/48 | €15k | €12k | €7k | €4k | €2k | ▼ 42.5% |
| Current portion of amounts payable after more than one year42 | - | €2k | - | - | €250 | - |
| Trade debts44 | €4k | €2k | €370 | €2k | €2k | ▼ 36.0% |
| Suppliers440/4 | - | €2k | €370 | €2k | €2k | ▼ 36.0% |
| Taxes, remuneration and social security45 | - | €7k | €7k | €1k | €378 | ▼ 72.4% |
| Taxes450/3 | - | €7k | €5k | €1k | €378 | ▼ 67.8% |
| Remuneration and social security454/9 | - | - | €2k | €198 | - | - |
| Accrued charges and deferred income492/3 | - | - | €253 | €253 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €12k | €8k | €8k | €14k | ▲ 73.4% |
| + Depreciation and write-downs630 | €2k | €1k | €729 | €4k | €3k | ▼ 6.2% |
| Operating cash flow (approximation) | €13k | €13k | €8k | €12k | €17k | ▲ 48.7% |
| Investment in fixed assets (approximation) | - | €-908 | €-1k | €-9k | €0 | ▲ 100% |
| Change in cash | - | €-7k | €47k | €-27k | €6k | ▲ 123% |
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
2025
20-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
31-03
Financial
Highest result since 2019net €14k ▲73.4%
Operating result €21k, net result €14k, both a record.
31-03
Financial
Liquidity doublescurrent ratio 44.18
Current ratio from 21.37 to 44.18; short-term debt falls from €4k to €2k.
31-03
Financial
Equity above €100kEq €100k ▲16.2%
7 profitable years in a row build equity to €100k.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
09-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 396 days late
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 49 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
05-09
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 2 acts read
About the unread acts
We know of 2 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
2 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, Mechelen · 1 establishment unit since 1992
Ground area
2,685 m²
Building footprint
528 m²
Volume, LiDAR
3,328 m³
Parcel 12403E0856/00E000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
40
companies at this address
See who is registered here
1 establishment unit
TOPAS
since 19922.057.644.667
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0856/00E000 | Flanders | 2,685 m² | 1 · 528 m² | 7.1 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.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,948 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
Founded30-03-1992
Fiscal year end31-03
Activities, NACEBEL 2025
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.