TOPO Vastgoed

Active

Private limited companyfounded 2008active for 18 yearsAntwerpsesteenweg 248, 2390 Malle, BelgiumKBO/BCE: BE 0807.181.540

Summary

The computed 12-month bankruptcy probability of TOPO Vastgoed is 1.8% (moderate). The annual accounts of TOPO Vastgoed for financial year 2025 show a net loss of 72% of total assets and of 99% of the equity at the start of that year. The 2025 annual accounts show equity of €898 and a net result of -€63,532. Equity is shrinking by about 4.5% per year across the filed financial years. Its solvency ranks better than 22% of 17,080 sector peers (NACE 68, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

TOPO VastgoedActiveChecked score 52/100

Risk analysis Report Compare

Activity

Buying and selling of own real estate

NACE 68110Real estate agency activities NACE 68310

1 site

Size

≈ €140,000turnover 2025, estimated

Staff: 2 FTE
Equity: €898
Loss: -€63,532

Turnover estimated from the gross margin

Financial health

52 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.8%

Structure

2025 accounts 38 days early2 of 5 deeds summarised

Why 52raises riskLoss of €63,532, the second in a row (financial year 2025)1 change of registered office in 24 monthsEquity €898 (1.0% of total assets)lowers riskSize: total assets €88,745Show the evidence

Checked score

Score 2025

52 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 10% of its sector peers (NACE 68, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 26-54

equity 1.0% of total assets

Liquidity 9-67

short-term debt 96.7% · cash 7.0%

Profitability 0=

return on assets -71.6%

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,621 companies, NACE 68, micro)

Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● unchanged vs 11-2024lowest value 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.9%▲ +0.7 percentage points vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 1.8%▲ +0.9 percentage points vs 07-2026highest value 09-2026: 1.8%● unchanged vs 08-2026highest value 10-2026: 1.8%● unchanged vs 09-2026highest value

No publishable credit limit; credit only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity insufficient (current ratio 0.75, compared with 1.5 in 2024, below 1; short-term debt: 96.7% and cash: 7% of total assets), and 99% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 21% on solvency, 10% on liquidity, 4% on profitability and 5% on growth.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

lowers riskraises riskneutral

Loss of €63,532, the second in a row (financial year 2025)

NBB · annual accounts

1 change of registered office in 24 months

Belgian Official Gazette

Size: total assets €88,745

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Equity €898 (1.0% of total assets)

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

19202122232425

2019 to 2025 · latest year -€63,532

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 17080 sector peers (2025).

NBB · sector comparison

Position among 17080 sector peers

Solvency

better than 22%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-03-2026, 38 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

38 days early

2024

1 day early

2023

on the day

2022

4 days early

2021

2 days late

2020

on the day

2019

1 day 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 6 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 29 April (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-09-2026 year end29-10-2026 today30-04-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

15-07-2026 Resignation: Brit Van Meerbergen (director)Appointments: Els Mintjens (director) and…
23-03-2026 Annual accounts filedfinancial year 2025 · micro…
30-09-2025 Weakest financial yearnet -€63,532

Key points

Risk: 3 loss-making years in a rowloss financial year 2025 -€63,532 View
Caution: Equity fell in 2025from €64,431 to €898 ▼ 98.6% View
Caution: Among the weakest 7% on net resultsector median €6,032 · 17,070 companies -€63,532 View
Board changedlatest change 15-06-2026 · 3 in office 2 joined · 1 left View
Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

By topic

Financials

Financial year: 2025
Total assets: €88,745
Loss: -€63,532
Solvency: 1.0%

Total assets▼ 24.2%

Net result

20192025

Go to Financials

Board & ownership

Board: 3 members

VAN MEERBERGEN Brit Leon HildaDirector
Bart MintjensDirector
Els MintjensDirector

Go to Board & ownership

Timeline

Events: 23
Since: 2010
Next accounts: by 30-04-2027

29-04-2025Annual accounts filed
30-04-2024Annual accounts filed
11-05-2023Amendment of the articles · Legal-form change…

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Buying and selling of own real estateNACE 68110
Founded: 17-10-2008
Year ends: 30-09
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 25

Annual meeting: Second Friday of March at 19:00
Purpose: “De verkoop,verhuur en elke vorm van handelen met alle soorten van vastgoed; Het beheer van…” (deed in Dutch)

Go to Articles of association

Key facts about TOPO Vastgoed

What is the company number of TOPO Vastgoed?: 0807.181.540. In Belgium the VAT number is the company number with BE in front: BE 0807.181.540.
Where is TOPO Vastgoed based?: The registered office is at Antwerpsesteenweg 248, 2390 Malle.Company details
What does TOPO Vastgoed do?: According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
What is the legal form of TOPO Vastgoed?: Private limited company (BV).
When was TOPO Vastgoed founded?: On 17-10-2008.
Is TOPO Vastgoed still active?: Yes, TOPO Vastgoed is an active enterprise in the KBO register.
How many employees does TOPO Vastgoed have?: On average 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of TOPO Vastgoed?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is TOPO Vastgoed profitable?: In financial year 2025, TOPO Vastgoed made a loss of €63,532.
Where can I find the annual accounts of TOPO Vastgoed?: TOPO Vastgoed filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TOPO Vastgoed due?: By 30-04-2027, for financial year 2026.Timeline