TOPAZE
ActiveSummary
TOPAZE has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100,159 and a net result of €14,370. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 36% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+1
Solvency42▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.2 in 2024; short-term debt: 79.4% and cash: 33.1% of total assets), and 82.5% 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+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
17.5%
Return on assets
2.5%
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
7 d early
2023
5 d early
2022
on the day
2021
2 d early
2020
9 d early
2019
5 d late
← 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 3 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 27 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
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 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 What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€100,159▲ 16.8%
2024 · €85,789
Total assets
€573,601▼ 21.5%
2024 · €730,967
Net result
€14,370▼ 11.0%
2024 · €16,142
Working capital
€118,159▼ 4.3%
2024 · €123,523
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€4,856€11,966▲ 146%€54,324▲ 354%€27,299▼ 49.7%€18,172▼ 33.4%
Net result€8,460within the sector's middle half€11,216within the sector's middle half▲ 32.6%€40,572above the sector's middle half▲ 262%€16,142within the sector's middle half▼ 60.2%€14,370within the sector's middle half▼ 11.0%
Equity€17,859within the sector's middle half▲ 90.0%€29,075within the sector's middle half▲ 62.8%€69,647within the sector's middle half▲ 140%€85,789within the sector's middle half▲ 23.2%€100,159within the sector's middle half▲ 16.8%
Total assets€585,154above the sector's middle half▼ 27.0%€602,404above the sector's middle half▲ 2.9%€670,316above the sector's middle half▲ 11.3%€730,967above the sector's middle half▲ 9.0%€573,601above the sector's middle half▼ 21.5%
Debt€567,295▼ 28.4%€573,329▲ 1.1%€600,668▲ 4.8%€645,177▲ 7.4%€473,442▼ 26.6%
Working capital€17,859within the sector's middle half▲ 90.0%€31,278within the sector's middle half▲ 75.1%€72,089within the sector's middle half▲ 130%€123,523above the sector's middle half▲ 71.3%€118,159above the sector's middle half▼ 4.3%
Solvency3.1%below the sector's middle half▲ 1.9pp4.8%below the sector's middle half▲ 1.8pp10.4%within the sector's middle half▲ 5.6pp11.7%within the sector's middle half▲ 1.3pp17.5%within the sector's middle half▲ 5.7pp
Current ratio1.03within the sector's middle half▲ 0.021.05within the sector's middle half▲ 0.021.12within the sector's middle half▲ 0.071.20within the sector's middle half▲ 0.081.26within the sector's middle half▲ 0.06
Return on assets (ROA)1.4%within the sector's middle half▲ 5.8pp1.9%within the sector's middle half▲ 0.4pp6.1%within the sector's middle half▲ 4.2pp2.2%within the sector's middle half▼ 3.8pp2.5%within the sector's middle half▲ 0.3pp
Staff (FTE)2.2▼ 4.3%2.5▲ 13.6%2.7▲ 8.0%2.7=2.3▼ 14.8%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €573,601
Equity
€100,159 ▲ 16.8%
Debt
€473,442 ▼ 26.6%
Debt's share of the balance-sheet total falls from 88.3% to 82.5%. Equity is higher and debt is lower.
Key figures and ratios
Quick ratio
0.77▲
2024 · 0.74
Debt to equity
4.73▼
2024 · 7.52
ROE
14.3%▼
2024 · 18.8%
Debt ≤ 1 year
€455,442▼
2024 · €607,444
Income taxes
€7,603▼
2024 · €9,052
Staff costs
€37,464▼
2024 · €44,760
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.3%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,338 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% | 1.9% |
| 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 3,984 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €60,291 | €77,974 | €67,788 | €44,760 | €37,464 | ▼ 16.3% |
| Other operating charges640/8 | €1,429 | €3,661 | €8,430 | €1,599 | €990 | ▼ 38.1% |
| Gross operating margin9900 | €66,576 | €93,602 | €130,542 | €73,657 | €56,626 | ▼ 23.1% |
| Operating profit (loss)9901 | €4,856 | €11,966 | €54,324 | €27,299 | €18,172 | ▼ 33.4% |
| Financial income75/76B | €6,185 | €2,962 | €5,609 | €2,378 | €9,075 | ▲ 282% |
| Recurring financial income75 | €6,185 | €2,962 | €5,609 | €2,378 | €9,075 | ▲ 282% |
| Financial charges65/66B | €2,581 | €3,712 | €6,140 | €4,483 | €5,273 | ▲ 17.6% |
| Recurring financial charges65 | €2,581 | €3,712 | €6,140 | €4,483 | €5,273 | ▲ 17.6% |
| Profit (loss) for the period before taxes9903 | €8,460 | €11,216 | €53,793 | €25,194 | €21,973 | ▼ 12.8% |
| Income taxes67/77 | - | - | €13,221 | €9,052 | €7,603 | ▼ 16.0% |
| Profit (loss) for the period9904 | €8,460 | €11,216 | €40,572 | €16,142 | €14,370 | ▼ 11.0% |
| Profit (loss) for the period to be appropriated9905 | €8,460 | €11,216 | €40,572 | €16,142 | €14,370 | ▼ 11.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €585,154 | €602,404 | €670,316 | €730,967 | €573,601 | ▼ 21.5% |
| Current assets29/58 | €585,154 | €602,404 | €670,316 | €730,967 | €573,601 | ▼ 21.5% |
| Stocks and contracts in progress3 | €271,829 | €257,704 | €323,817 | €283,327 | €223,003 | ▼ 21.3% |
| Stocks30/36 | €271,829 | €257,704 | €323,817 | €283,327 | €223,003 | ▼ 21.3% |
| Amounts receivable within one year40/41 | €192,800 | €168,900 | €226,662 | €228,060 | €160,668 | ▼ 29.6% |
| Trade receivables40 | €192,800 | €168,900 | €221,638 | €219,613 | €144,000 | ▼ 34.4% |
| Other amounts receivable41 | - | - | €5,024 | €8,447 | €16,668 | ▲ 97.3% |
| Cash at bank and in hand54/58 | €120,524 | €164,318 | €119,837 | €219,580 | €189,930 | ▼ 13.5% |
| Deferred charges and accrued income490/1 | - | €11,482 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €585,154 | €602,404 | €670,316 | €730,967 | €573,601 | ▼ 21.5% |
| Equity10/15 | €17,859 | €29,075 | €69,647 | €85,789 | €100,159 | ▲ 16.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,873 | €10,483 | €51,055 | €67,197 | €81,567 | ▲ 21.4% |
| Non-distributable reserves130/1 | €1,873 | €1,873 | €1,873 | €1,873 | €1,873 | = |
| Reserves not available under the articles1311 | €1,873 | €1,873 | €1,873 | €1,873 | €1,873 | = |
| Distributable reserves133 | - | €8,610 | €49,182 | €65,324 | €79,694 | ▲ 22.0% |
| Profit (loss) carried forward14 | -€2,607 | - | - | - | - | - |
| Amounts payable17/49 | €567,295 | €573,329 | €600,668 | €645,177 | €473,442 | ▼ 26.6% |
| Amounts payable within one year42/48 | €567,295 | €571,126 | €598,226 | €607,444 | €455,442 | ▼ 25.0% |
| Financial debts43 | €28,000 | €28,000 | €28,000 | €28,000 | €28,000 | = |
| Credit institutions430/8 | €28,000 | €28,000 | €28,000 | €28,000 | €28,000 | = |
| Trade debts44 | €168,896 | €216,262 | €261,450 | €273,468 | €129,288 | ▼ 52.7% |
| Suppliers440/4 | €168,896 | €216,262 | €261,450 | €273,468 | €129,288 | ▼ 52.7% |
| Advances received on contracts in progress46 | €7,468 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €21,020 | €22,052 | €13,624 | €40,039 | €18,926 | ▼ 52.7% |
| Taxes450/3 | €8,651 | €12,002 | €1,353 | €28,026 | €12,514 | ▼ 55.3% |
| Remuneration and social security454/9 | €12,370 | €10,050 | €12,272 | €12,012 | €6,412 | ▼ 46.6% |
| Other amounts payable47/48 | €341,910 | €304,813 | €295,153 | €265,937 | €279,228 | ▲ 5.0% |
| Accrued charges and deferred income492/3 | - | €2,203 | €2,442 | €37,734 | €18,000 | ▼ 52.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,460 | €11,216 | €40,572 | €16,142 | €14,370 | ▼ 11.0% |
| Operating cash flow (approximation) | €8,460 | €11,216 | €40,572 | €16,142 | €14,370 | ▼ 11.0% |
| Change in cash | - | €43,794 | -€44,481 | €99,743 | -€29,650 | ▼ 130% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100,000Eq €100,159 ▲16.8%
5 profitable years in a row build equity to €100,159.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €40,572 ▲262%
Operating result €54,324, net result €40,572, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €8,460
Net result €8,460 after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€34,545
Net result drops to -€34,545, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 5 days late
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 2 days late
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-06
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.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1975
Ground area
391 m²
Building footprint
354 m²
Volume, LiDAR
8,175 m³
Parcel 11808H1171/00Z005, Flanders · tallest building 26.7 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Vestingstraat 63, 2018 Antwerpen
since 19752.014.729.689
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1171/00Z005 | Flanders | 391 m² | 1 · 354 m² | 26.7 m · 8 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 2,017 companies in sector 47770 we hold annual accounts for 899. 702 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 (pre-2019)
Founded15-02-1978
Fiscal year end31-12
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
46480Wholesale trade
47784Retail sale of souvenirs and religious articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0418051984
Also
9925:BE0418051984
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.