TOPCODERS
ActiveSummary
TOPCODERS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €234,192 and a net result of €4,727. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability56▼-17
Solvency64▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 3.48 against 1.24 in 2023; short-term debt: 9.9% and cash: 21.9% of total assets), but 61.4% of the assets are financed with debt.
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Signals
Three 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
61 d late
2023
106 d late
2022
61 d late
2021
123 d late
2020
334 d late
2019
210 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 149 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€234,192▲ 2.1%
2023 · €229,465
Total assets
€606,906▼ 5.2%
2023 · €640,474
Net result
€4,727▼ 80.5%
2023 · €24,225
Working capital
€148,677▲ 196%
2023 · €50,208
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€55,542▲ 42.6%€45,226▼ 18.6%€55,167▲ 22.0%€37,854▼ 31.4%€17,726▼ 53.2%
Net result€40,990▲ 49.7%€24,691▼ 39.8%€38,292▲ 55.1%€24,225▼ 36.7%€4,727▼ 80.5%
Equity€157,957▲ 35.0%€170,148▲ 7.7%€205,240▲ 20.6%€229,465▲ 11.8%€234,192▲ 2.1%
Total assets€523,280▲ 9.7%€523,120=€568,196▲ 8.6%€640,474▲ 12.7%€606,906▼ 5.2%
Debt€365,323▲ 1.5%€352,972▼ 3.4%€362,956▲ 2.8%€411,010▲ 13.2%€372,714▼ 9.3%
Working capital€26,006€38,812▲ 49.2%€62,557▲ 61.2%€50,208▼ 19.7%€148,677▲ 196%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 53% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €606,906
Fixed assets
€398,269 ▲ 5.5%
Current assets
€208,637 ▼ 20.6%
Equity and liabilities €606,906
Equity
€234,192 ▲ 2.1%
Debt
€372,714 ▼ 9.3%
Debt's share of the balance-sheet total falls from 64.2% to 61.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55,112▼
2023 · €68,765
Cash flow
€42,113▼
2023 · €55,136
Current ratio
3.48▲
2023 · 1.24
Debt to equity
1.59▼
2023 · 1.79
ROE
2.0%▼
2023 · 10.6%
ROA
0.8%▼
2023 · 3.8%
Interest coverage
4.37▼
2023 · 6.10
Debt ≤ 1 year
€59,960▼
2023 · €212,667
Debt > 1 year
€312,755▲
2023 · €198,343
Income taxes
€599▼
2023 · €2,360
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
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 497,058 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% | 1.6% |
| 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 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 14,684 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,938 | €24,125 | €25,297 | €30,911 | €37,385 | ▲ 20.9% |
| Other operating charges640/8 | €1,925 | €2,635 | €1,794 | €6,451 | €3,799 | ▼ 41.1% |
| Gross operating margin9900 | €80,406 | €71,986 | €82,259 | €75,216 | €58,911 | ▼ 21.7% |
| Operating profit (loss)9901 | €55,542 | €45,226 | €55,167 | €37,854 | €17,726 | ▼ 53.2% |
| Financial income75/76B | - | - | - | €0 | €213 | ▲ 2,129,700% |
| Recurring financial income75 | - | - | - | €0 | €213 | ▲ 2,129,700% |
| Financial charges65/66B | €14,498 | €14,305 | €13,004 | €11,270 | €12,613 | ▲ 11.9% |
| Recurring financial charges65 | €14,498 | €14,305 | €13,004 | €11,270 | €12,613 | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | €41,044 | €30,921 | €42,163 | €26,585 | €5,326 | ▼ 80.0% |
| Income taxes67/77 | €55 | €6,230 | €3,871 | €2,360 | €599 | ▼ 74.6% |
| Profit (loss) for the period9904 | €40,990 | €24,691 | €38,292 | €24,225 | €4,727 | ▼ 80.5% |
| Profit (loss) for the period to be appropriated9905 | €40,990 | €24,691 | €38,292 | €24,225 | €4,727 | ▼ 80.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €523,280 | €523,120 | €568,196 | €640,474 | €606,906 | ▼ 5.2% |
| Fixed assets21/28 | €401,439 | €378,116 | €365,761 | €377,600 | €398,269 | ▲ 5.5% |
| Tangible fixed assets22/27 | €401,439 | €378,116 | €365,761 | €377,600 | €398,269 | ▲ 5.5% |
| Land and buildings22 | €397,981 | €375,437 | €357,388 | €344,480 | €342,147 | ▼ 0.7% |
| Plant, machinery and equipment23 | €3,458 | €2,679 | €8,374 | €15,120 | €13,395 | ▼ 11.4% |
| Furniture and vehicles24 | - | - | - | €18,000 | €42,727 | ▲ 137% |
| Current assets29/58 | €121,841 | €145,004 | €202,435 | €262,874 | €208,637 | ▼ 20.6% |
| Amounts receivable within one year40/41 | €38,456 | €36,563 | €53,745 | €96,401 | €75,643 | ▼ 21.5% |
| Trade receivables40 | €17,138 | €4,840 | €26,589 | €64,681 | €48,044 | ▼ 25.7% |
| Other amounts receivable41 | €21,319 | €31,723 | €27,156 | €31,720 | €27,599 | ▼ 13.0% |
| Cash at bank and in hand54/58 | €80,259 | €108,442 | €148,047 | €166,473 | €132,994 | ▼ 20.1% |
| Deferred charges and accrued income490/1 | €3,126 | - | €644 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €523,280 | €523,120 | €568,196 | €640,474 | €606,906 | ▼ 5.2% |
| Equity10/15 | €157,957 | €170,148 | €205,240 | €229,465 | €234,192 | ▲ 2.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | - | - | - | - | - |
| Other1109/19 | €6,200 | - | - | - | - | - |
| Reserves13 | €106,860 | €106,860 | €143,860 | €165,860 | €170,360 | ▲ 2.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €105,000 | €105,000 | €142,000 | €164,000 | €168,500 | ▲ 2.7% |
| Profit (loss) carried forward14 | €44,897 | €57,088 | €55,180 | €57,405 | €57,632 | ▲ 0.4% |
| Amounts payable17/49 | €365,323 | €352,972 | €362,956 | €411,010 | €372,714 | ▼ 9.3% |
| Amounts payable after more than one year17 | €269,488 | €246,779 | €223,078 | €198,343 | €312,755 | ▲ 57.7% |
| Financial debts170/4 | €269,488 | €246,779 | €223,078 | €198,343 | €172,525 | ▼ 13.0% |
| Other amounts payable178/9 | - | - | - | - | €140,230 | - |
| Amounts payable within one year42/48 | €95,835 | €106,193 | €139,879 | €212,667 | €59,960 | ▼ 71.8% |
| Current portion of amounts payable after more than one year42 | €30,891 | €31,800 | €35,267 | €36,280 | €37,304 | ▲ 2.8% |
| Trade debts44 | €21,332 | €26,956 | €57,766 | €130,272 | €22,417 | ▼ 82.8% |
| Suppliers440/4 | €21,332 | €26,956 | €57,766 | €130,272 | €22,417 | ▼ 82.8% |
| Taxes, remuneration and social security45 | €5,462 | €8,951 | €8,054 | €7,944 | - | - |
| Taxes450/3 | €5,462 | €8,951 | €8,054 | €7,944 | - | - |
| Other amounts payable47/48 | €38,150 | €38,485 | €38,791 | €38,171 | €239 | ▼ 99.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,990 | €24,691 | €38,292 | €24,225 | €4,727 | ▼ 80.5% |
| + Depreciation and write-downs630 | €22,938 | €24,125 | €25,297 | €30,911 | €37,385 | ▲ 20.9% |
| Operating cash flow (approximation) | €63,928 | €48,816 | €63,589 | €55,136 | €42,113 | ▼ 23.6% |
| Investment in fixed assets (approximation) | - | -€802 | -€12,943 | -€42,750 | -€58,054 | ▼ 35.8% |
| Change in cash | - | €28,183 | €39,605 | €18,427 | -€33,479 | ▼ 282% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €4,727 ▼80.5%
Net result drops to €4,727, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 3.48
Current ratio from 1.24 to 3.48; short-term debt falls from €212,667 to €59,960.
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 106 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Equity above €200,000Eq €205,240 ▲20.6%
5 profitable years in a row build equity to €205,240.
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 123 days late
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 334 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 210 days late
2020
31-12
Financial
Highest result since 2018net €40,990 ▲49.7%
Operating result €55,542, net result €40,990, both a record.
31-12
Financial
Equity above €150,000Eq €157,957 ▲35%
3 profitable years in a row build equity to €157,957.
2019
31-12
Financial
Equity above €100,000Eq €116,967 ▲30.6%
2 profitable years in a row build equity to €116,967.
Show earlier events
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
05-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 36 days late
2016
14-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 45 days late
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, Beringen · 1 establishment unit since 2006
Ground area
3,276 m²
Building footprint
381 m²
Volume, LiDAR
1,793 m³
2 parcels, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TOPCODERS
since 20062.157.259.709
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71049B0534/00W000 | Flanders | 2,149 m² | 1 · 198 m² | 6.6 m · 2 fl. |
| 72403A0800/00G000 | Flanders | 1,126 m² | 1 · 183 m² | 5.7 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 2,776 EUR awarded · 2,776 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,776 EUR | 2,776 EUR |
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 14,342 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)
Founded15-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0883727507
Also
9925:BE0883727507
Registered
27-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.