TOPKIA
ActiveThe computed 12-month bankruptcy probability of TOPKIA is 1.9% (moderate). The 2025 annual accounts show equity of €49k and a net result of €-11k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 47% of 7692 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▼-38
Solvency66▼-10
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 2.34 in 2024; short-term debt: 25.9% and cash: 15.9% of total assets), but 58.7% 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+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 43
Relative position
BE, all sectors
reference
Sector 43
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41.3%
Return on assets
-9%
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 03-08-2026, 3 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
3 d late
2024
on the day
2023
5 d late
2022
7 d early
2021
3 d early
2020
4 d early
2019
24 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€49k▼ 17.8%
2024 · €59k
2018: €64k
2019: €52k
2020: €37k
2021: €36k
2022: €46k
2023: €52k
2024: €59k
2018 → 2025
Total assets
€117k▲ 1.7%
2024 · €115k
2018: €104k
2019: €81k
2020: €84k
2021: €76k
2022: €77k
2023: €109k
2024: €115k
2018 → 2025
Net result
€-11k
2024 · €7k
2018: €2k
2019: €-12k
2020: €-14k
2021: €1k
2022: €10k
2023: €14k
2024: €7k
2018 → 2025
Working capital
€24k▼ 47.7%
2024 · €46k
2018: €50k
2019: €41k
2020: €26k
2021: €26k
2022: €39k
2023: €39k
2024: €46k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€46k▲ 27.9%€52k▲ 11.2%€59k▲ 14.5%€49k▼ 17.8%
Operating result€3k-€12k▲ 367%€17k▲ 36.3%€9k▼ 46.0%€-5k
Net result€1k-€10k▲ 831%€14k▲ 37.4%€7k▼ 46.1%€-11k
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 €5k after €9k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €117k
Fixed assets
€63k▲ 76.5%
Current assets
€54k▼ 31.9%
Equity and liabilities €117k
Equity
€49k▼ 17.8%
Debt
€69k▲ 22.2%
The debt ratio rises from 48.8% to 58.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8k▼
2024 · €17k
Cash flow
€2k▼
2024 · €16k
Solvency
41.3%▼
2024 · 51.2%
Current ratio
1.78▼
2024 · 2.34
Quick ratio
1.69▼
2024 · 2.29
Debt / equity
1.42▲
2024 · 0.95
ROE
-21.7%▼
2024 · 12.7%
ROA
-9.0%▼
2024 · 6.5%
Interest coverage
3.76▼
2024 · 11.91
Debt
€69k▲
2024 · €56k
Debt ≤ 1 year
€30k▼
2024 · €34k
Debt > 1 year
€38k▲
2024 · €22k
Income taxes
€4k▲
2024 · €4k
Staff costs
€3k▲
2024 · €2k
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€115k€117k▲
Fixed assets21/28€36k€63k▲
Tangible fixed assets22/27€36k€63k▲
Land and buildings22€14k€13k▼
Plant, machinery and equipment23€789€2k▲
Furniture and vehicles24€21k€49k▲
Financial fixed assets28-€75
Current assets29/58€80k€54k▼
Amounts receivable after more than one year29€21k€12k▼
Other amounts receivable291€21k€12k▼
Stocks and contracts in progress3€2k€3k▲
Stocks30/36€2k€3k▲
Amounts receivable within one year40/41€15k€19k▲
Trade receivables40€14k€8k▼
Other amounts receivable41€713€12k▲
Cash at bank and in hand54/58€38k€19k▼
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€115k€117k▲
Equity10/15€59k€49k▼
Reserves13€38k€38k=
Tax-exempt reserves132€14k€14k=
Distributable reserves133€24k€24k=
Profit (loss) carried forward14€21k€10k▼
Amounts payable17/49€56k€69k▲
Amounts payable after more than one year17€22k€38k▲
Financial debts170/4€22k€38k▲
Amounts payable within one year42/48€34k€30k▼
Current portion of amounts payable after more than one year42€7k€14k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Advances received on contracts in progress46€6k-
Taxes, remuneration and social security45€13k€14k▲
Taxes450/3€13k€14k▲
Remuneration and social security454/9€120€276▲
Other amounts payable47/48€5k-
Income statement
Code20242025
Remuneration, social security and pensions62€2k€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€13k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€21k€14k▼
Operating profit (loss)9901€9k€-5k▼
Financial income75/76B€4k€365▼
Recurring financial income75€4k€365▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€11k€-7k▼
Income taxes67/77€4k€4k▲
Profit (loss) for the period9904€7k€-11k▼
Profit (loss) for the period to be appropriated9905€7k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€10k▼
Profit (loss) brought forward from the previous period14P€19k€21k▲
Transfer to equity691/2€6k-
To other reserves6921€6k-
The notes to these accounts (7 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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
31-12
Financial
Highest result since 2018net €14k ▲37.4%
Operating result €17k, net result €14k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
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, Jette · 1 establishment unit since 2011
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.
Odon Warlandlaan 1951090 JetteGround area
406 m²
Building footprint
381 m²
Volume, LiDAR
4,694 m³
Parcel 21464D0102/00H003, Brussels · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Topkia
since 20112.200.126.680
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464D0102/00H003 | Brussels | 406 m² | 1 · 381 m² | 17.1 m · 5 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 9,524 companies in sector 43222 we hold annual accounts for 5,657. 4,530 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-06-2011
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.