Active BE 0441.465.410Public limited company

TOPLIN

Oplombeekstraat 6 ·1755 Pajottegem, Belgium· 36 yrs active

Sector: General construction of residential buildings (41001)

Conclusion Checked

TOPLIN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.05M and a net result of €-16k. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 52 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€3.05M
Net result	€-16k
Staff (FTE)	1.3
Better than sector	95%

Financial profile 5 of 5 axes measured · computed by Checked

67 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 78

Profitability 0

Solvency 100

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1990, 36 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

78 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€240k

estimate, not credit advice

Score history

73 2023

52 2024

78 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 50.18 (≥ 1.5) +10

Quick ratio Quick ratio 43.57 (≥ 1.0) +5

Leverage Debt/equity 0.02 (< 1.0) +10

Profitability Negatieve ROE -1% -10

Interest coverage Interest coverage 52.3× (≥ 3×) +8

Profit trend Net profit up YoY +5

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview34 NBB filings

Annual accounts filed on 03-07-2026 with the NBB · fiscal year 2025 · full schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~3.5%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	98.0%	32.8%	better than 95% of 52 sector peers
Net result	€-16k	€24k	better than 9% of 52 sector peers
Equity	€3.05M	€72k	better than 91% of 52 sector peers
Gross operating margin	€239k	€50k	better than 76% of 47 sector peers
Total assets	€3.11M	€409k	better than 90% of 52 sector peers

EBITDA

€104k

- 23-25

Net profit

€-16k

+91.7% 23-25

Cash flow

€137k

- 23-25

Total assets

€3.11M

+0.5% 23-25

Equity

€3.05M

-0.5% 23-25

Working capital

€595k

+24.7% 23-25

Employees (FTE)

1

+225.0% 23-25

Staff costs

€88k

+240.7% 23-25

Income taxes

€176

+337.9% 23-25

Debt

€63k

+100.6% 23-25

Debt ≤ 1y

€12k

-51.3% 23-25

Current ratio

50.18

+148.4% 23-25

Quick ratio

43.57

+156.6% 23-25

Solvency

98.0%

-1.0% 23-25

Debt / equity

0.02

+101.6% 23-25

ROE

-0.5%

+91.7% 23-25

ROA

-0.5%

+91.7% 23-25

Interest coverage

52.28

- 23-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023
Deposit	full schema	abbreviated schema	abbreviated schema
Revenue	-	-	-
EBITDA	€104k	€-78k	€9k
Net profit	€-16k	€-197k	€-127k
Cash flow	€137k	€-51k	€16k
Staff costs	€88k	€26k	-
Income taxes	€176	€40	-
Dividends	-	-	-
Total assets	€3.11M	€3.10M	€3.31M
Equity	€3.05M	€3.07M	€3.26M
Debt	€63k	€31k	€49k
of which ≤ 1y	€12k	€25k	€43k
of which > 1y	-	-	-
Working capital	€595k	€477k	€628k
Employees (FTE)	1.3	0.4	-

Note: these years are not on the same basis. The filed schemas differ (full schema, abbreviated schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023
Current ratio	50.18	20.20	15.61
Quick ratio	43.57	16.98	13.75
Working capital ratio	19.1%	15.4%	18.9%
Solvency	98.0%	99.0%	98.5%
Debt / equity	0.02	0.01	0.01
Long-term debt ratio	-	-	-
Interest coverage	52.28	-126.36	11.98
Gross margin	-	-	-
Net margin	-	-	-
ROA	-0.5%	-6.4%	-3.8%
ROE	-0.5%	-6.4%	-3.9%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €2.51M · 80.5% Current assets €607k · 19.5%

Equity & liabilities

Equity €3.05M · 98.0% Debt €63k · 2.0%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€3.11M	€3.10M	€3.31M
Fixed assets	21/28	€2.51M	€2.60M	€2.64M
Tangible fixed assets	22/27	€2.09M	€2.18M	€2.22M
Financial fixed assets	28	€420k	€420k	€420k
Current assets	29/58	€607k	€502k	€671k
Stocks & contracts in progress	3	€80k	€80k	€80k
Amounts receivable within one year	40/41	€281k	€334k	€62k
Investments	50/53	-	-	€450k
Cash & bank	54/58	€246k	€86k	€72k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.11M	€3.10M	€3.31M
Equity	10/15	€3.05M	€3.07M	€3.26M
Contributions / capital	10/11	€1.36M	€1.36M	€1.36M
Reserves	13	€276k	€276k	€276k
Accumulated profits (losses)	14	€1.41M	€1.43M	€1.63M
Amounts payable	17/49	€63k	€31k	€49k
Amounts payable within one year	42/48	€12k	€25k	€43k
Trade debts payable within one year	44	€3k	€9k	€38k
Income statement
Gross operating margin	9900	€239k	€-37k	€22k
Operating result	9901	€-49k	€-224k	€-134k
Financial income	75	€35k	€28k	€7k
Financial charges	65	€2k	€615	€779
Result before taxes	9903	€-16k	€-197k	€-127k
Income taxes	67/77	€176	€40	-
Net result for the period	9904	€-16k	€-197k	€-127k
Result to be appropriated	9905	€-16k	€-197k	€-127k

Directors & mandates 3 directors

Current directors & mandates

Saffelberg Director & Management ServicesLegal entity
Sole director· perm. rep.: Jos Sluys
State Gazette act 24423127 (21-08-2024)

Current
21-08-2024 → present

Former directors (2)

Altaline Technologies NVLegal entity
Director· perm. rep.: Jos Sluys
State Gazette act 24423127 (21-08-2024)

Former
- → 21-08-2024
C.D.W. BVLegal entity
Director· perm. rep.: Christophe De Wit
State Gazette act 24423127 (21-08-2024)

Former
- → 21-08-2024

Legal Structure

NACE primary	General construction of residential buildings(41001)
Legal form	Public limited company(014)
Incorporation	03-07-1990
Status	Active
Postal code	1755

Establishment units 1 location

Oplombeekstraat 23, 1755 Pajottegem

NACE 45211

since 19902.050.231.887

Real-estate footprint Source: CBE × cadastre

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23024A0411/00E000	Flanders	2.8 ha	1 · 381 m²	-
23024A0481/02B000	Flanders	440 m²	1 · 440 m²	26.6 m · 6 fl.

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.

Updates 11 events

All 13Financial 2Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

03-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Liquidity doublescurrent ratio 50.18

Current ratio from 20.20 to 50.18; short-term debt falls from €25k to €12k.

08-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Weakest financial yearnet €-197k

Net result drops to €-197k, the lowest in the series; recovery starts the following year.

21-08

State Gazette act Director changes

Koen Diegenant

28-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

27-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

07-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

09-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

18-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 49 days late

2019

02-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

03-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

05-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 7 acts read

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

21-08-2024 1 director appointed, 2 resigning Director changes·Koen Diegenant

Jos Sluys, Enig bestuurder
Jos Sluys, Bestuurder
Christophe De Wit, Bestuurder

Notary: Koen Diegenant · Halle

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Jos Sluys",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": null,
        "name": "Altaline Technologies NV",
        "address": null,
        "country": null,
        "legal_form": "NV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Christophe De Wit",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": null,
        "name": "C.D.W. BV",
        "address": null,
        "country": null,
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "enige_bestuurder",
      "person": {
        "rrn": null,
        "name": "Jos Sluys",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": null,
        "name": "Saffelberg Director \u0026 Management Services",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "statutory": null,
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "decharge_granted",
      "role": "bestuurder",
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "decharge_granted",
      "role": "bestuurder",
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": "Koen Diegenant",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Halle",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-08-21",
    "filing_date": "2024-08-19",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2024-08-09",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0441.465.410",
    "name_full": "BEKE INVEST",
    "legal_form": "NV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Koen Diegenant",
    "org_rep_person_name": null,
    "person_role_at_subject": "notaris"
  },
  "co_filed_documents": [
    "uitgifte van de akte",
    "geco\u00F6rdineerde statuten"
  ],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

General construction of residential buildings41001Guest rooms (bed and breakfast)55204

Names & trade names

Legal nameNL

TOPLIN

Similar companies Comparable size · 15,231 of 29,664 companies in this sector with filed accounts

Van de Keere-Bouw BE 0895.313.166 · Sint-Laureins

DHULST' BE 0429.210.548 · Lier

Luc TASIA et Fils BE 0444.187.843 · Durbuy

SERTEBO BE 0439.297.459 · Sint-Niklaas

BOUWWERKEN SCHOCKAERT EN ZOON BE 0879.275.108 · Zele