TOPO PLUS
ActiveSummary
TOPO PLUS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €248,153 and a net result of €7,383. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 94% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-7
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 11.78 against 25.11 in 2024; short-term debt: 5.7% and cash: 57.6% of total assets), and 5.7% of the assets are financed with debt.
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Signals
Four 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
94.3%
Return on assets
2.8%
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
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
35 d early
2023
33 d early
2022
41 d early
2021
30 d early
2020
4 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€248,153▼ 11.4%
2024 · €279,973
Total assets
€263,244▼ 8.5%
2024 · €287,608
Net result
€7,383▼ 69.2%
2024 · €23,973
Working capital
€162,292▼ 11.8%
2024 · €184,083
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€44,895▼ 7.8%€44,779▼ 0.3%€37,579▼ 16.1%€31,976▼ 14.9%€7,372▼ 76.9%
Net result€34,427above the sector's middle half▲ 3.9%€30,469within the sector's middle half▼ 11.5%€25,421within the sector's middle half▼ 16.6%€23,973within the sector's middle half▼ 5.7%€7,383within the sector's middle half▼ 69.2%
Equity€302,692within the sector's middle half▲ 3.2%€252,154within the sector's middle half▼ 16.7%€267,925within the sector's middle half▲ 6.3%€279,973within the sector's middle half▲ 4.5%€248,153within the sector's middle half▼ 11.4%
Total assets€311,751within the sector's middle half▲ 2.9%€260,879within the sector's middle half▼ 16.3%€275,806within the sector's middle half▲ 5.7%€287,608within the sector's middle half▲ 4.3%€263,244within the sector's middle half▼ 8.5%
Debt€9,059▼ 5.5%€8,725▼ 3.7%€7,880▼ 9.7%€7,636▼ 3.1%€15,091▲ 97.6%
Working capital€232,581above the sector's middle half▼ 20.5%€193,500above the sector's middle half▼ 16.8%€220,955above the sector's middle half▲ 14.2%€184,083above the sector's middle half▼ 16.7%€162,292above the sector's middle half▼ 11.8%
Solvency97.1%above the sector's middle half▲ 0.3pp96.7%above the sector's middle half▼ 0.4pp97.1%above the sector's middle half▲ 0.5pp97.3%above the sector's middle half▲ 0.2pp94.3%above the sector's middle half▼ 3.1pp
Current ratio29.22above the sector's middle half▼ 5.1225.46above the sector's middle half▼ 3.7529.87above the sector's middle half▲ 4.4025.11above the sector's middle half▼ 4.7611.78above the sector's middle half▼ 13.33
Return on assets (ROA)11.0%above the sector's middle half▲ 0.1pp11.7%above the sector's middle half▲ 0.6pp9.2%above the sector's middle half▼ 2.5pp8.3%above the sector's middle half▼ 0.9pp2.8%within the sector's middle half▼ 5.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 77% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €263,244
Fixed assets
€85,896 ▼ 10.4%
Current assets
€177,347 ▼ 7.5%
Equity and liabilities €263,244
Equity
€248,153 ▼ 11.4%
Debt
€15,091 ▲ 97.6%
Debt's share of the balance-sheet total rises from 2.7% to 5.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€23,018▼
2024 · €45,932
Cash flow
€23,030▼
2024 · €37,929
Debt to equity
0.06▲
2024 · 0.03
ROE
3.0%▼
2024 · 8.6%
Interest coverage
85.60▼
2024 · 180.57
Debt ≤ 1 year
€15,055▲
2024 · €7,636
Income taxes
€3,331▼
2024 · €11,600
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,673 | €11,457 | €11,457 | €13,956 | €15,646 | ▲ 12.1% |
| Other operating charges640/8 | €968 | €764 | €832 | €881 | €915 | ▲ 3.8% |
| Gross operating margin9900 | €50,536 | €57,000 | €49,868 | €46,813 | €23,933 | ▼ 48.9% |
| Operating profit (loss)9901 | €44,895 | €44,779 | €37,579 | €31,976 | €7,372 | ▼ 76.9% |
| Financial income75/76B | €13 | - | €428 | €3,851 | €3,611 | ▼ 6.2% |
| Recurring financial income75 | €13 | - | €428 | €3,851 | €3,611 | ▼ 6.2% |
| Financial charges65/66B | €94 | €110 | €273 | €254 | €269 | ▲ 5.7% |
| Recurring financial charges65 | €94 | €110 | €273 | €254 | €269 | ▲ 5.7% |
| Profit (loss) for the period before taxes9903 | €44,814 | €44,669 | €37,734 | €35,572 | €10,714 | ▼ 69.9% |
| Income taxes67/77 | €10,387 | €14,201 | €12,313 | €11,600 | €3,331 | ▼ 71.3% |
| Profit (loss) for the period9904 | €34,427 | €30,469 | €25,421 | €23,973 | €7,383 | ▼ 69.2% |
| Profit (loss) for the period to be appropriated9905 | €34,427 | €30,469 | €25,421 | €23,973 | €7,383 | ▼ 69.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €311,751 | €260,879 | €275,806 | €287,608 | €263,244 | ▼ 8.5% |
| Fixed assets21/28 | €70,927 | €59,470 | €47,197 | €95,890 | €85,896 | ▼ 10.4% |
| Intangible fixed assets21 | €1,330 | €876 | €423 | - | - | - |
| Tangible fixed assets22/27 | €68,781 | €57,778 | €46,774 | €95,890 | €85,896 | ▼ 10.4% |
| Plant, machinery and equipment23 | €3,327 | €2,001 | €674 | - | - | - |
| Furniture and vehicles24 | €65,454 | €55,777 | €46,100 | €95,890 | €85,896 | ▼ 10.4% |
| Financial fixed assets28 | €816 | €816 | - | - | - | - |
| Current assets29/58 | €240,824 | €201,410 | €228,609 | €191,718 | €177,347 | ▼ 7.5% |
| Amounts receivable within one year40/41 | €28,822 | €28,901 | €11,414 | €10,620 | €12,259 | ▲ 15.4% |
| Trade receivables40 | €9,577 | €28,102 | €10,595 | €4,297 | €8,976 | ▲ 109% |
| Other amounts receivable41 | €19,245 | €799 | €819 | €6,324 | €3,283 | ▼ 48.1% |
| Current investments50/53 | - | - | €100,000 | €100,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €210,408 | €170,923 | €112,667 | €77,283 | €151,632 | ▲ 96.2% |
| Deferred charges and accrued income490/1 | €1,594 | €1,585 | €4,528 | €3,815 | €13,456 | ▲ 253% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €311,751 | €260,879 | €275,806 | €287,608 | €263,244 | ▼ 8.5% |
| Equity10/15 | €302,692 | €252,154 | €267,925 | €279,973 | €248,153 | ▼ 11.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €284,092 | €233,554 | €249,325 | €261,373 | €229,553 | ▼ 12.2% |
| Distributable reserves133 | €284,092 | €233,554 | €249,325 | €261,373 | €229,553 | ▼ 12.2% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €9,059 | €8,725 | €7,880 | €7,636 | €15,091 | ▲ 97.6% |
| Amounts payable after more than one year17 | €816 | €816 | - | - | - | - |
| Other amounts payable178/9 | €816 | €816 | - | - | - | - |
| Amounts payable within one year42/48 | €8,243 | €7,909 | €7,654 | €7,636 | €15,055 | ▲ 97.2% |
| Trade debts44 | €5,197 | €3,003 | €1,274 | €1,844 | €4,411 | ▲ 139% |
| Suppliers440/4 | €5,197 | €3,003 | €1,274 | €1,844 | €4,411 | ▲ 139% |
| Taxes, remuneration and social security45 | €480 | €1,635 | €926 | €515 | €4,011 | ▲ 678% |
| Taxes450/3 | €480 | €1,635 | €926 | €515 | €4,011 | ▲ 678% |
| Other amounts payable47/48 | €2,566 | €3,271 | €5,454 | €5,276 | €6,633 | ▲ 25.7% |
| Accrued charges and deferred income492/3 | - | - | €226 | - | €35 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,427 | €30,469 | €25,421 | €23,973 | €7,383 | ▼ 69.2% |
| + Depreciation and write-downs630 | €4,673 | €11,457 | €11,457 | €13,956 | €15,646 | ▲ 12.1% |
| Operating cash flow (approximation) | €39,100 | €41,926 | €36,879 | €37,929 | €23,030 | ▼ 39.3% |
| Investment in fixed assets (approximation) | - | €0 | €816 | -€62,649 | -€5,653 | ▲ 91.0% |
| Change in cash | - | -€39,485 | -€58,257 | -€35,383 | €74,349 | ▲ 310% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €7,383 ▼69.2%
Net result drops to €7,383, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €37,537 ▲268%
Operating result €57,849, net result €37,537, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Erpe-Mere · 1 establishment unit since 2008
Ground area
335 m²
Building footprint
60 m²
Volume, LiDAR
449 m³
Parcel 41009B0027/00L000, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TOPO PLUS
since 20082.170.299.378
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41009B0027/00L000 | Flanders | 335 m² | 1 · 60 m² | 9.5 m · 3 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
2022 to 2025 · 4 entries · 840 EUR awarded · 840 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 243 EUR | 243 EUR |
| 2024 | 1 | 234 EUR | 459 EUR |
| 2023 | 1 | 225 EUR | 138 EUR |
| 2022 | 1 | 138 EUR | 0 EUR |
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 5,093 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
71122Land surveying
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895194192
Also
9925:BE0895194192
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.