TOPFORM
ActiveTOPFORM has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221k and a net result of €38k. Equity is shrinking by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 2295 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-3
Solvency92▲+10
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 3.87 against 2.19 in 2024; short-term debt: 9.3% and cash: 13.2% of total assets), and 32.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 93
Relative position
BE, all sectors
reference
Sector 93
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
67.3%
Return on assets
11.5%
Age of the figures
9 mo
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 · 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 €221k
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
59 d early
2023
79 d early
2022
32 d early
2021
76 d early
2020
83 d late
2019
60 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€221k▲ 20.6%
2024 · €184k
2018: €363k
2019: €317k
2020: €224k
2021: €140k
2022: €104k
2023: €138k
2024: €184k
2018 → 2025
Total assets
€329k▲ 2.6%
2024 · €321k
2018: €768k
2019: €716k
2020: €563k
2021: €463k
2022: €346k
2023: €309k
2024: €321k
2018 → 2025
Net result
€38k▼ 16.3%
2024 · €45k
2018: €-49k
2019: €-47k
2020: €-93k
2021: €-84k
2022: €-37k
2023: €35k
2024: €45k
2018 → 2025
Working capital
€87k▲ 73.8%
2024 · €50k
2018: €25k
2019: €-152
2020: €26k
2021: €-37k
2022: €-37k
2023: €6k
2024: €50k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€140k-€104k▼ 26.1%€138k▲ 33.3%€184k▲ 32.7%€221k▲ 20.6%
Operating result€-76k-€-31k▲ 59.4%€40k€50k▲ 25.3%€40k▼ 19.3%
Net result€-84k-€-37k▲ 56.2%€35k€45k▲ 30.8%€38k▼ 16.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €329k
Fixed assets
€211k▼ 7.5%
Current assets
€118k▲ 27.3%
Equity and liabilities €329k
Equity
€221k▲ 20.6%
Debt
€108k▼ 21.6%
The debt ratio falls from 42.8% to 32.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62k▼
2024 · €81k
Cash flow
€60k▼
2024 · €76k
Solvency
67.3%▲
2024 · 57.2%
Current ratio
3.87▲
2024 · 2.19
Quick ratio
3.73▲
2024 · 2.04
Debt / equity
0.49▼
2024 · 0.75
ROE
17.1%▼
2024 · 24.6%
ROA
11.5%▼
2024 · 14.1%
Interest coverage
17.30▼
2024 · 19.35
Debt
€108k▼
2024 · €137k
Debt ≤ 1 year
€30k▼
2024 · €42k
Debt > 1 year
€77k▼
2024 · €95k
Income taxes
€299▼
2024 · €322
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€321k€329k▲
Fixed assets21/28€228k€211k▼
Intangible fixed assets21€1€1=
Tangible fixed assets22/27€228k€211k▼
Land and buildings22€196k€184k▼
Plant, machinery and equipment23€3k€6k▲
Furniture and vehicles24€29k€21k▼
Current assets29/58€93k€118k▲
Stocks and contracts in progress3€6k€4k▼
Stocks30/36€6k€4k▼
Amounts receivable within one year40/41€3k€2k▼
Trade receivables40€2k€442▼
Other amounts receivable41€586€1k▲
Current investments50/53€55k€65k▲
Cash at bank and in hand54/58€26k€43k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€321k€329k▲
Equity10/15€184k€221k▲
Contributions10/11€287k€287k=
Reserves13€30k€30k=
Distributable reserves133€30k€30k=
Profit (loss) carried forward14€-133k€-95k▲
Amounts payable17/49€137k€108k▼
Amounts payable after more than one year17€95k€77k▼
Financial debts170/4€95k€77k▼
Amounts payable within one year42/48€42k€30k▼
Current portion of amounts payable after more than one year42€31k€19k▼
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€277€0▼
Taxes450/3€277€0▼
Other amounts payable47/48€9k€8k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€22k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€85k€66k▼
Operating profit (loss)9901€50k€40k▼
Financial income75/76B€173€2k▲
Recurring financial income75€173€2k▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€46k€38k▼
Income taxes67/77€322€299▼
Profit (loss) for the period9904€45k€38k▼
Profit (loss) for the period to be appropriated9905€45k€38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-133k€-95k▲
Profit (loss) brought forward from the previous period14P€-178k€-133k▲
The notes to these accounts (11 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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €221k ▲20.6%
3 profitable years in a row build equity to €221k.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €45k ▲30.8%
Operating result €50k, net result €45k, both a record.
31-12
Financial
Equity above €150kEq €184k ▲32.7%
2 profitable years in a row build equity to €184k.
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €35k
Net result €35k after 5 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.14
Current ratio from 0.56 to 1.14; short-term debt falls from €84k to €45k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 83 days late
2020
31-12
Financial
Weakest financial yearnet €-93k
Net result drops to €-93k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 138 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 57 days late
2017
06-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 98 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wevelgem · 1 establishment unit since 2010
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.
Europalaan 998560 WevelgemGround area
388 m²
Building footprint
84 m²
Volume, LiDAR
543 m³
2 parcels, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TOPFORM
since 20102.190.688.184
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012C0358/00F005 | Flanders | 202 m² | - | - |
| 34012C0358/00S005 | Flanders | 185 m² | 1 · 84 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 · 1 entry · 2,670 EUR awarded · 2,670 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,670 EUR | 2,670 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Recognitions · licences · registrations
Food safety, FASFC
1 siteWevelgem2.190.688.184
Similar companies · same sector, comparable size
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DANSSTUDIO REFLEX
BE 0459.729.916
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NHS
BE 0808.468.373
Genk · Eq €217k
Of 1,518 companies in sector 93130 we hold annual accounts for 687. 470 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-07-2010
Fiscal year end31-12
Activities, NACEBEL
93130Fitness centres
47639Retail sale of other sporting goods
47640Retail trade
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
93110Operation of sports facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.