TOPAZE
ActiveSummary
TOPAZE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of -€5,345. Equity remains stable across the filed fiscal years (±0.5% per year). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
short-term debt: 0% and cash: 2.9% of total assets, and 0% 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 · 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
100%
Return on assets
-0.2%
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
38 d early
2023
9 d early
2022
24 d early
2021
11 d early
2020
17 d early
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 22 days before 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 (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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€5,345▲ 15.5%
2024 · -€6,328
Working capital
€2.7m▼ 0.2%
2024 · €2.7m
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
Line20212022202320242025
Operating result-€44,551-€2,219▲ 95.0%-€6,636▼ 199%-€5,153▲ 22.3%-€4,742▲ 8.0%
Net result-€61,542▼ 1,918%-€11,590▲ 81.2%-€8,467▲ 26.9%-€6,328▲ 25.3%-€5,345▲ 15.5%
Equity€2.8m▼ 2.2%€2.7m▼ 0.4%€2.7m▼ 0.3%€2.7m▼ 0.2%€2.7m▼ 0.2%
Total assets€3.2m▼ 14.3%€2.9m▼ 9.8%€2.7m▼ 5.1%€2.7m▼ 0.2%€2.7m▼ 0.2%
Debt€442,515▼ 51.7%€139,012▼ 68.6%€175▼ 99.9%€975▲ 456%€140▼ 85.6%
Working capital€2.8m▼ 2.2%€2.7m▼ 0.4%€2.7m▼ 0.3%€2.7m▼ 0.2%€2.7m▼ 0.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,742 in 2025 against €5,153 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €2.7m
Equity
€2.7m ▼ 0.2%
Debt
€140 ▼ 85.6%
Debt's share of the balance-sheet total stays at 0.0%.
Key figures and ratios
Debt to equity
0.00▼
2024 · 0.00
ROE
-0.2%▲
2024 · -0.2%
ROA
-0.2%▲
2024 · -0.2%
Debt ≤ 1 year
€140▼
2024 · €975
A ratio outside any meaningful range has been withheld (balance sheet total €2.7m, equity €2.7m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 8,616 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €979 | €980 | €1,075 | €1,643 | €1,148 | ▼ 30.1% |
| Gross operating margin9900 | -€43,572 | -€1,239 | -€5,560 | -€3,510 | -€3,594 | ▼ 2.4% |
| Operating profit (loss)9901 | -€44,551 | -€2,219 | -€6,636 | -€5,153 | -€4,742 | ▲ 8.0% |
| Financial charges65/66B | €16,992 | €9,371 | €1,831 | €1,175 | €603 | ▼ 48.7% |
| Recurring financial charges65 | €16,992 | €9,371 | €1,831 | €1,175 | €603 | ▼ 48.7% |
| Profit (loss) for the period before taxes9903 | -€61,542 | -€11,590 | -€8,467 | -€6,328 | -€5,345 | ▲ 15.5% |
| Profit (loss) for the period9904 | -€61,542 | -€11,590 | -€8,467 | -€6,328 | -€5,345 | ▲ 15.5% |
| Profit (loss) for the period to be appropriated9905 | -€61,542 | -€11,590 | -€8,467 | -€6,328 | -€5,345 | ▲ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.2m | €2.9m | €2.7m | €2.7m | €2.7m | ▼ 0.2% |
| Current assets29/58 | €3.2m | €2.9m | €2.7m | €2.7m | €2.7m | ▼ 0.2% |
| Stocks and contracts in progress3 | €2.2m | €1.6m | €1.2m | €1.1m | €915,350 | ▼ 14.8% |
| Stocks30/36 | €2.2m | €1.6m | €1.2m | €1.1m | €915,350 | ▼ 14.8% |
| Amounts receivable within one year40/41 | €851,271 | €1.0m | €1.4m | €1.5m | €1.7m | ▲ 12.3% |
| Trade receivables40 | €1,271 | €63,644 | €28,677 | - | - | - |
| Other amounts receivable41 | €850,000 | €950,000 | €1.4m | €1.5m | €1.7m | ▲ 12.3% |
| Cash at bank and in hand54/58 | €174,045 | €222,929 | €82,439 | €116,988 | €79,759 | ▼ 31.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.2m | €2.9m | €2.7m | €2.7m | €2.7m | ▼ 0.2% |
| Equity10/15 | €2.8m | €2.7m | €2.7m | €2.7m | €2.7m | ▼ 0.2% |
| Contributions10/11 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Capital10 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Issued capital100 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Reserves13 | €257,651 | €250,000 | €250,000 | €250,000 | €225,921 | ▼ 9.6% |
| Non-distributable reserves130/1 | €250,000 | €250,000 | €250,000 | €250,000 | €225,921 | ▼ 9.6% |
| Legal reserve130 | €250,000 | €250,000 | €250,000 | €250,000 | €225,921 | ▼ 9.6% |
| Distributable reserves133 | €7,651 | - | - | - | - | - |
| Profit (loss) carried forward14 | - | -€3,939 | -€12,406 | -€18,734 | - | - |
| Amounts payable17/49 | €442,515 | €139,012 | €175 | €975 | €140 | ▼ 85.6% |
| Amounts payable within one year42/48 | €442,515 | €138,776 | €175 | €975 | €140 | ▼ 85.6% |
| Financial debts43 | €442,295 | €138,722 | - | - | - | - |
| Credit institutions430/8 | €442,295 | €138,722 | - | - | - | - |
| Trade debts44 | €220 | €54 | €175 | €975 | €140 | ▼ 85.6% |
| Suppliers440/4 | €220 | €54 | €175 | €975 | €140 | ▼ 85.6% |
| Accrued charges and deferred income492/3 | - | €236 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€61,542 | -€11,590 | -€8,467 | -€6,328 | -€5,345 | ▲ 15.5% |
| Operating cash flow (approximation) | -€61,542 | -€11,590 | -€8,467 | -€6,328 | -€5,345 | ▲ 15.5% |
| Change in cash | - | €48,883 | -€140,489 | €34,549 | -€37,230 | ▼ 208% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 7current ratio 19453.80
Current ratio from 2801.29 to 19453.80; short-term debt falls from €975 to €140.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 751current ratio 15604.27
Current ratio from 20.79 to 15604.27; short-term debt falls from €138,776 to €175.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 20.79
Current ratio from 7.23 to 20.79; short-term debt falls from €442,515 to €138,776.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€61,542
Net result drops to -€61,542, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
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 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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Directors · office · real estate
Directors
9 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, Kortrijk · 1 establishment unit since 1989
Ground area
1,721 m²
Building footprint
1,072 m²
Volume, LiDAR
11,543 m³
Parcel 34353H0587/00H000, Flanders · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
CENTERCLUB NV
since 19892.044.608.461
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353H0587/00H000 | Flanders | 1,721 m² | 1 · 1,072 m² | 15.6 m · 4 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.
Identification & contact
Identification
Legal formPublic limited company
Founded19-05-1989
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437530475
Also
9925:BE0437530475
Registered
24-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.