TOPECON
ActiveTOPECON has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €1.67M. Equity is shrinking by ~27.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 3186 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency43▲+7
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.06 in 2024; short-term debt: 81.5% and cash: 96.5% of total assets), and 81.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
18.3%
Return on assets
750%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 3186 sector peers (2025).
NBB · sector comparisonPosition among 3186 sector peers
Solvency
better than 20%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €41k
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 03-06-2026, 58 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
58 d early
2024
86 d early
2023
78 d early
2022
75 d early
2021
67 d early
2020
87 d early
2019
86 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.67M▲ 76.0%
2024 · €948k
2018: €381k
2019: €350k
2020: €686k
2021: €230k
2022: €551k
2023: €653k
2024: €948k
2018 → 2025
Working capital
€40k▲ 179%
2024 · €14k
2018: €114k
2019: €263k
2020: €456k
2021: €31k
2022: €5k
2023: €-13k
2024: €14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€106k-€61k▼ 42.2%€24k▼ 60.4%€32k▲ 33.1%€41k▲ 26.0%
Operating result€314k-€736k▲ 134%€880k▲ 19.6%€1.26M▲ 43.3%€2.21M▲ 75.2%
Net result€230k-€551k▲ 139%€653k▲ 18.4%€948k▲ 45.2%€1.67M▲ 76.0%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 75% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €222k
Fixed assets
€1k▼ 92.6%
Current assets
€221k▼ 17.1%
Equity and liabilities €222k
Equity
€41k▲ 26.0%
Debt
€182k▼ 28.5%
The debt ratio falls from 88.8% to 81.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.23M▲
2024 · €1.28M
Cash flow
€1.69M▲
2024 · €966k
Solvency
18.3%▲
2024 · 11.2%
Current ratio
1.22▲
2024 · 1.06
Quick ratio
1.22▲
2024 · 1.06
Debt / equity
4.48▼
2024 · 7.89
ROA
750.0%▲
2024 · 331.0%
Interest coverage
50317.80▲
2024 · 22587.73
Debt
€182k▼
2024 · €254k
Debt ≤ 1 year
€181k▼
2024 · €252k
Income taxes
€551k▲
2024 · €319k
A ratio outside any meaningful range has been withheld (balance sheet total €222k, equity €41k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€286k€222k▼
Fixed assets21/28€20k€1k▼
Tangible fixed assets22/27€20k€1k▼
Furniture and vehicles24€20k€1k▼
Current assets29/58€267k€221k▼
Amounts receivable within one year40/41€47k-
Trade receivables40€29k-
Other amounts receivable41€18k-
Cash at bank and in hand54/58€180k€215k▲
Deferred charges and accrued income490/1€40k€6k▼
Equity and liabilities
Total equity and liabilities10/49€286k€222k▼
Equity10/15€32k€41k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€12k€20k▲
Amounts payable17/49€254k€182k▼
Amounts payable within one year42/48€252k€181k▼
Trade debts44€3k€257▼
Suppliers440/4€3k€257▼
Taxes, remuneration and social security45€87k€40k▼
Taxes450/3€84k€40k▼
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€163k€141k▼
Accrued charges and deferred income492/3€2k€576▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k=
Other operating charges640/8€183€1k▲
Gross operating margin9900€1.28M€2.23M▲
Operating profit (loss)9901€1.26M€2.21M▲
Financial income75/76B€5k€9k▲
Recurring financial income75€5k€9k▲
Financial charges65/66B€57€44▼
Recurring financial charges65€57€44▼
Profit (loss) for the period before taxes9903€1.27M€2.22M▲
Income taxes67/77€319k€551k▲
Profit (loss) for the period9904€948k€1.67M▲
Profit (loss) for the period to be appropriated9905€948k€1.67M▲
Appropriation of the result
Profit (loss) to be appropriated9906€952k€1.68M▲
Profit (loss) brought forward from the previous period14P€4k€12k▲
Profit to be distributed694/7€940k€1.66M▲
Return on contributions (dividend)694€940k€1.66M▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €1.67M ▲76%
Operating result €2.21M, net result €1.67M, both a record.
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €230k ▼66.4%
Net result drops to €230k, the lowest in the series; recovery starts the following year.
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €263k ▲134%
2 profitable years in a row build equity to €263k.
10-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Pieters-Woluwe · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eendekkerlaan 221150 Sint-Pieters-WoluweGround area
432 m²
Building footprint
121 m²
Volume, LiDAR
990 m³
Parcel 21683D0324/00V002, Brussels · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Eendekkerlaan 22, 1150 Sint-Pieters-Woluwe
since 20182.277.768.648
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0324/00V002 | Brussels | 432 m² | 1 · 121 m² | 13.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 82,569 companies in sector 70200 we hold annual accounts for 52,577. 36,796 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-07-2018
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.