TOPFLOOR
ActiveSummary
TOPFLOOR has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €787k and a net result of €162k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 2056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+29
Solvency49▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 3.04 against 1.29 in 2024; short-term debt: 26.9% and cash: 18.8% of total assets), but 75.8% of the assets are financed with debt.
Credit check for your own amount and term
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
24.2%
Return on assets
5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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
21 d late
2024
29 d late
2023
28 d late
2022
21 d late
2021
31 d early
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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
25-09-2026 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
€162k▲ 168%
2024 · €61k
Working capital
€1.78M▲ 210%
2024 · €574k
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€109k▲ 27.7%€60k▼ 45.0%€65k▲ 7.6%€181k▲ 179%€239k▲ 32.3%
Net result€66k▲ 26.8%€362▼ 99.4%€-64k€61k€162k▲ 168%
Equity€627k▲ 11.7%€627k▲ 0.1%€564k▼ 10.2%€624k▲ 10.8%€787k▲ 26.0%
Total assets€2.41M▼ 8.8%€2.69M▲ 11.7%€2.90M▲ 8.0%€3.07M▲ 6.0%€3.25M▲ 5.7%
Debt€1.78M▼ 14.4%€2.06M▲ 15.8%€2.34M▲ 13.5%€2.45M▲ 4.8%€2.46M▲ 0.5%
Working capital€577k▼ 12.7%€558k▼ 3.3%€484k▼ 13.2%€574k▲ 18.6%€1.78M▲ 210%
Staff (FTE)23.924.6▲ 2.9%24.4▼ 0.8%24.1▼ 1.2%27.5▲ 14.1%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 32% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.25M
Fixed assets
€594k ▲ 8.1%
Current assets
€2.66M ▲ 5.2%
Equity and liabilities €3.25M
Equity
€787k ▲ 26.0%
Debt
€2.46M ▲ 0.5%
Debt's share of the balance-sheet total falls from 79.7% to 75.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€324k▲
2024 · €288k
Cash flow
€247k▲
2024 · €168k
Current ratio
3.04▲
2024 · 1.29
Quick ratio
2.71▲
2024 · 1.10
Debt to equity
3.13▼
2024 · 3.93
ROE
20.6%▲
2024 · 9.7%
ROA
5.0%▲
2024 · 2.0%
Interest coverage
21.62▲
2024 · 2.95
Debt ≤ 1 year
€875k▼
2024 · €1.95M
Debt > 1 year
€1.50M▲
2024 · €494k
Income taxes
€65k▲
2024 · €34k
Staff costs
€1.51M▲
2024 · €1.33M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €224 | - | - | - |
| Remuneration, social security and pensions62 | €1.14M | €1.23M | €1.33M | €1.33M | €1.51M | ▲ 13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €100k | €108k | €119k | €107k | €85k | ▼ 20.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-274 | - | €-122k | - | - | - |
| Other operating charges640/8 | €33k | €29k | €33k | €38k | €51k | ▲ 34.5% |
| Gross operating margin9900 | €1.38M | €1.43M | €1.43M | €1.66M | €1.89M | ▲ 13.9% |
| Operating profit (loss)9901 | €109k | €60k | €65k | €181k | €239k | ▲ 32.3% |
| Financial income75/76B | €9k | €5k | €4k | €11k | €3k | ▼ 71.8% |
| Recurring financial income75 | €9k | €5k | €4k | €11k | €3k | ▼ 71.8% |
| Financial charges65/66B | €12k | €18k | €132k | €97k | €15k | ▼ 84.6% |
| Recurring financial charges65 | €12k | €18k | €132k | €97k | €15k | ▼ 84.6% |
| Profit (loss) for the period before taxes9903 | €107k | €48k | €-63k | €94k | €227k | ▲ 141% |
| Income taxes67/77 | €41k | €47k | €513 | €34k | €65k | ▲ 91.9% |
| Profit (loss) for the period9904 | €66k | €362 | €-64k | €61k | €162k | ▲ 168% |
| Profit (loss) for the period to be appropriated9905 | €66k | €362 | €-64k | €61k | €162k | ▲ 168% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.41M | €2.69M | €2.90M | €3.07M | €3.25M | ▲ 5.7% |
| Fixed assets21/28 | €633k | €568k | €596k | €549k | €594k | ▲ 8.1% |
| Tangible fixed assets22/27 | €319k | €247k | €255k | €206k | €234k | ▲ 13.6% |
| Land and buildings22 | €47k | €55k | €56k | €33k | €62k | ▲ 88.8% |
| Plant, machinery and equipment23 | €99k | €84k | €118k | €116k | €124k | ▲ 7.5% |
| Furniture and vehicles24 | €89k | €55k | €60k | €54k | €46k | ▼ 14.9% |
| Other tangible fixed assets26 | €84k | €52k | €21k | €4k | €2k | ▼ 48.4% |
| Financial fixed assets28 | €315k | €321k | €341k | €343k | €359k | ▲ 4.8% |
| Current assets29/58 | €1.77M | €2.12M | €2.31M | €2.53M | €2.66M | ▲ 5.2% |
| Stocks and contracts in progress3 | €327k | €324k | €459k | €379k | €284k | ▼ 25.2% |
| Stocks30/36 | €293k | €271k | €459k | €379k | €284k | ▼ 25.2% |
| Contracts in progress37 | €34k | €53k | - | - | - | - |
| Amounts receivable within one year40/41 | €1.01M | €1.51M | €1.17M | €1.86M | €1.76M | ▼ 5.3% |
| Trade receivables40 | €738k | €992k | €601k | €1.19M | €955k | ▼ 20.0% |
| Other amounts receivable41 | €273k | €513k | €569k | €667k | €807k | ▲ 20.9% |
| Cash at bank and in hand54/58 | €428k | €286k | €676k | €286k | €611k | ▲ 114% |
| Deferred charges and accrued income490/1 | €5k | €4k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.41M | €2.69M | €2.90M | €3.07M | €3.25M | ▲ 5.7% |
| Equity10/15 | €627k | €627k | €564k | €624k | €787k | ▲ 26.0% |
| Contributions10/11 | €215k | €215k | €215k | €215k | €215k | = |
| Capital10 | €215k | €215k | €215k | €215k | €215k | = |
| Issued capital100 | €215k | €215k | €215k | €215k | €215k | = |
| Reserves13 | €412k | €412k | €349k | €409k | €572k | ▲ 39.7% |
| Non-distributable reserves130/1 | €30k | €30k | €30k | €33k | €34k | ▲ 1.3% |
| Legal reserve130 | €18k | €18k | €18k | €21k | €22k | ▲ 2.0% |
| Reserves not available under the articles1311 | €12k | €12k | €12k | €12k | €12k | = |
| Tax-exempt reserves132 | €56k | €56k | €56k | €56k | €56k | = |
| Distributable reserves133 | €325k | €326k | €262k | €319k | €481k | ▲ 50.7% |
| Amounts payable17/49 | €1.78M | €2.06M | €2.34M | €2.45M | €2.46M | ▲ 0.5% |
| Amounts payable after more than one year17 | €583k | €498k | €515k | €494k | €1.50M | ▲ 203% |
| Financial debts170/4 | €583k | €498k | €515k | €494k | €1.50M | ▲ 203% |
| Amounts payable within one year42/48 | €1.20M | €1.56M | €1.82M | €1.95M | €875k | ▼ 55.2% |
| Current portion of amounts payable after more than one year42 | €202k | €170k | €117k | €106k | €169k | ▲ 59.1% |
| Trade debts44 | €201k | €326k | €472k | €583k | €340k | ▼ 41.6% |
| Suppliers440/4 | €201k | €326k | €472k | €583k | €340k | ▼ 41.6% |
| Taxes, remuneration and social security45 | €135k | €152k | €148k | €147k | €76k | ▼ 48.4% |
| Taxes450/3 | €13k | €35k | €26k | €34k | €5k | ▼ 86.4% |
| Remuneration and social security454/9 | €122k | €116k | €122k | €113k | €71k | ▼ 37.1% |
| Other amounts payable47/48 | €658k | €914k | €1.09M | €1.12M | €290k | ▼ 74.0% |
| Accrued charges and deferred income492/3 | - | - | €2k | €5k | €92k | ▲ 1,745% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66k | €362 | €-64k | €61k | €162k | ▲ 168% |
| + Depreciation and write-downs630 | €100k | €108k | €119k | €107k | €85k | ▼ 20.6% |
| Operating cash flow (approximation) | €166k | €109k | €56k | €168k | €247k | ▲ 47.6% |
| Investment in fixed assets (approximation) | - | €-43k | €-148k | €-60k | €-130k | ▼ 116% |
| Change in cash | - | €-142k | €390k | €-390k | €325k | ▲ 183% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 21 days late
2025
31-12
Financial
Highest result since 2018net €162k ▲168%
Operating result €239k, net result €162k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.04
Current ratio from 1.29 to 3.04; short-term debt falls from €1.95M to €875k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Back to profitnet €61k
Net result €61k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €-64k
Net result drops to €-64k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Equity above €500kEq €509k ▲30.4%
2 profitable years in a row build equity to €509k.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 61 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Bornem · 1 establishment unit since 1980
Ground area
1.0 ha
Building footprint
4,411 m²
Volume, LiDAR
25,871 m³
Parcel 12015D0368/00B000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TOPFLOOR
since 19802.017.988.592
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12015D0368/00B000 | Flanders | 1.0 ha | 1 · 4,411 m² | 8.7 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,397 EUR awarded · 1,397 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,103 EUR | 1,397 EUR |
| 2024 | 1 | 294 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
3 categoriesTOPFLOOR NV16003
Similar companies · same sector, comparable size
LECOCQ & CIE
BE 0416.649.048
Frameries · Eq €770,126
WOONINRICHTING GIELISSEN
BE 0442.063.246
Oudsbergen · Eq €769,820
DESIGN MOQUETTE INTERNATIONAL
BE 0460.161.169
Anderlecht · Eq €808,537
INTER - ACTIVA
BE 0454.202.005
Gent · Eq €763,476
Goedertier Decor
BE 0446.365.492
Sint-Niklaas · Eq €817,161
Of 913 companies in sector 43333 we hold annual accounts for 400. 215 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-09-1975
Fiscal year end31-12
Activities, NACEBEL 2025
43333Wallpapering and laying of floor and wall coverings in other materials
47530Retail trade
43332Laying of wooden floor and wall coverings
47521Retail sale of hardware, building materials, paint and glass (general range)
Scores and ratios are computed by Checked and are not a credit decision.