Topfanz
ActiveTopfanz has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €259k and a net result of €-297k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-77
Solvency35▼-15
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity short (current ratio 0.95 against 1.28 in 2024; short-term debt: 87.9% and cash: 7.3% of total assets), and 90% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 47
higher
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 10359 sector peers (2025).
NBB · sector comparisonPosition among 10359 sector peers
Solvency
better than 20%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
39 d early
2023
on the day
2021
31 d late
2020
3 d early
2019
18 d late
2018
8 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, abbreviated schema
Turnover
€3.77M
EBIT margin
11.7%
Net result
€-297k
2024 · €293k
2018: €-1k
2019: €-12k
2020: €53k
2021: €-58k
2023: €240k
2024: €293k
2018 → 2025
Working capital
€-107k
2024 · €408k
2018: €-4k
2019: €-36k
2020: €48k
2021: €-11k
2023: €201k
2024: €408k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Turnover€3.77M
Equity€67k-€9k▼ 86.0%€250k▲ 2,538%€556k▲ 122%€259k▼ 53.5%
Operating result€94k-€-22k€366k€442k▲ 20.7%€-188k
Net result€53k-€-58k€240k€293k▲ 22.0%€-297k
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 turns negative in 2025: a loss of €188k after €442k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.59M
Fixed assets
€422k▲ 22.9%
Current assets
€2.17M▲ 16.7%
Equity and liabilities €2.59M
Equity
€259k▼ 53.5%
Debt
€2.33M▲ 41.6%
The debt ratio rises from 74.8% to 90.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-90k▼
2024 · €493k
Cash flow
€-200k▼
2024 · €344k
Solvency
10.0%▼
2024 · 25.2%
Current ratio
0.95▼
2024 · 1.28
Quick ratio
0.52▼
2024 · 0.60
Debt / equity
9.02▲
2024 · 2.97
ROE
-114.9%▼
2024 · 52.8%
ROA
-11.5%▼
2024 · 13.3%
Interest coverage
-0.81▼
2024 · 11.12
Debt
€2.33M▲
2024 · €1.65M
Debt ≤ 1 year
€2.28M▲
2024 · €1.45M
Debt > 1 year
€56k▼
2024 · €195k
Income taxes
€399▼
2024 · €105k
Staff costs
€843k▲
2024 · €392k
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€2.20M€2.59M▲
Fixed assets21/28€343k€422k▲
Intangible fixed assets21€201k€253k▲
Tangible fixed assets22/27€139k€165k▲
Plant, machinery and equipment23€32k€41k▲
Furniture and vehicles24€13k€44k▲
Other tangible fixed assets26€93k€80k▼
Financial fixed assets28€3k€3k=
Current assets29/58€1.86M€2.17M▲
Stocks and contracts in progress3€984k€980k▼
Stocks30/36€984k€980k▼
Amounts receivable within one year40/41€695k€996k▲
Trade receivables40€650k€920k▲
Other amounts receivable41€45k€75k▲
Cash at bank and in hand54/58€168k€189k▲
Deferred charges and accrued income490/1€13k€6k▼
Equity and liabilities
Total equity and liabilities10/49€2.20M€2.59M▲
Equity10/15€556k€259k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€535k€238k▼
Amounts payable17/49€1.65M€2.33M▲
Amounts payable after more than one year17€195k€56k▼
Financial debts170/4€195k€56k▼
Amounts payable within one year42/48€1.45M€2.28M▲
Current portion of amounts payable after more than one year42€95k€90k▼
Financial debts43€52k-
Credit institutions430/8€52k-
Trade debts44€657k€847k▲
Suppliers440/4€657k€847k▲
Taxes, remuneration and social security45€97k€199k▲
Taxes450/3€37k€65k▲
Remuneration and social security454/9€60k€134k▲
Other amounts payable47/48€552k€1.14M▲
Income statement
Code20242025
Turnover70€3.77M-
Goods, raw materials, services and sundry goods60/61€2.79M-
Remuneration, social security and pensions62€392k€843k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€97k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€114k€-5k▼
Other operating charges640/8€8k€20k▲
Gross operating margin9900€1.01M€768k▼
Operating profit (loss)9901€442k€-188k▼
Financial income75/76B€277€2k▲
Recurring financial income75€277€2k▲
Financial charges65/66B€44k€111k▲
Recurring financial charges65€44k€111k▲
Profit (loss) for the period before taxes9903€398k€-297k▼
Income taxes67/77€105k€399▼
Profit (loss) for the period9904€293k€-297k▼
Profit (loss) for the period to be appropriated9905€293k€-297k▼
Appropriation of the result
Profit (loss) to be appropriated9906€535k€238k▼
Profit (loss) brought forward from the previous period14P€242k€535k▲
Social balance
Average headcount (FTE)90876.08.2▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-297k ▼201%
Net result drops to €-297k, the lowest in the series.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Highest result since 2018net €293k ▲22%
Operating result €442k, net result €293k, both a record.
30-06
Financial
Equity above €500kEq €556k ▲122%
2 profitable years in a row build equity to €556k.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Back to profitnet €240k
Net result €240k after one loss-making year.
30-06
Financial
Equity above €200kEq €250k ▲2538%
Equity rises from €9k to €250k.
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €53k
Net result €53k after 2 loss-making years.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Halen · 2 establishment units since 2015
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.
Industriepark 12273545 HalenGround area
2,835 m²
Building footprint
2,115 m²
Volume, LiDAR
8,038 m³
Parcel 71020B0095/00H000, Flanders · tallest building 16.0 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Fanshops.be
since 20152.238.049.524
TopFanZ
since 20182.305.236.375
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71020B0095/00H000 | Flanders | 2,835 m² | 1 · 2,115 m² | 16.0 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 4,123 EUR awarded · 4,123 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,353 EUR | 1,353 EUR |
| 2023 | 1 | 1,457 EUR | 1,457 EUR |
| 2022 | 1 | 1,313 EUR | 1,313 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 12,959 companies in sector 47120 we hold annual accounts for 2,190. 1,326 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-2014
Fiscal year end31-12
Activities, NACEBEL
47120Other non-specialised retail sale
47910Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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.