TOPPER A.M.
ActiveTOPPER A.M. has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €341k and a net result of €166k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 35% of 674 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
89
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency63▼-7
Growth58=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.42 in 2024), and 62.8% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← 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
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
37.2%
Return on assets
18.1%
Age of the figures
8 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
7 d early
2023
31 d late
2022
30 d late
2021
30 d late
2020
16 d late
2019
122 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€341k▲ 1.8%
2024 · €335k
2018: €399k
2019: €324k
2020: €306k
2021: €312k
2022: €318k
2023: €331k
2024: €335k
2018 → 2025
Total assets
€917k▲ 7.6%
2024 · €853k
2018: €1.09M
2019: €1.02M
2020: €912k
2021: €1.14M
2022: €1.12M
2023: €1.10M
2024: €853k
2018 → 2025
Net result
€166k▲ 1.0%
2024 · €164k
2018: €106k
2019: €50k
2020: €123k
2021: €129k
2022: €206k
2023: €243k
2024: €164k
2018 → 2025
Working capital
€122k▼ 32.3%
2024 · €181k
2018: €302k
2019: €263k
2020: €262k
2021: €278k
2022: €174k
2023: €183k
2024: €181k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€312k-€318k▲ 2.1%€331k▲ 3.9%€335k▲ 1.3%€341k▲ 1.8%
Operating result€140k-€221k▲ 57.1%€281k▲ 27.3%€198k▼ 29.6%€194k▼ 1.9%
Net result€129k-€206k▲ 60.0%€243k▲ 17.5%€164k▼ 32.2%€166k▲ 1.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €917k
Fixed assets
€292k▲ 21.9%
Current assets
€625k▲ 2.0%
Equity and liabilities €917k
Equity
€341k▲ 1.8%
Debt
€576k▲ 11.3%
The debt ratio rises from 60.7% to 62.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€252k▼
2024 · €265k
Cash flow
€225k▼
2024 · €232k
Solvency
37.2%▼
2024 · 39.3%
Current ratio
1.24▼
2024 · 1.42
Quick ratio
1.24▼
2024 · 1.42
Debt / equity
1.69▲
2024 · 1.54
ROE
48.7%▼
2024 · 49.1%
ROA
18.1%▼
2024 · 19.3%
Interest coverage
11.15▼
2024 · 11.40
Debt
€576k▲
2024 · €518k
Debt ≤ 1 year
€502k▲
2024 · €432k
Debt > 1 year
€71k▼
2024 · €84k
Income taxes
€12k▼
2024 · €13k
Staff costs
€948k▲
2024 · €868k
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€853k€917k▲
Fixed assets21/28€240k€292k▲
Intangible fixed assets21€6k€14k▲
Tangible fixed assets22/27€232k€277k▲
Land and buildings22€84k€126k▲
Plant, machinery and equipment23€14k€12k▼
Furniture and vehicles24€124k€123k▼
Other tangible fixed assets26€10k€16k▲
Financial fixed assets28€1k€1k=
Current assets29/58€613k€625k▲
Amounts receivable within one year40/41€71k€92k▲
Trade receivables40€55k€80k▲
Other amounts receivable41€16k€12k▼
Current investments50/53€100k€100k=
Cash at bank and in hand54/58€440k€430k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€853k€917k▲
Equity10/15€335k€341k▲
Contributions10/11€80k€80k=
Reserves13€255k€261k▲
Tax-exempt reserves132€28k€28k=
Distributable reserves133€227k€233k▲
Amounts payable17/49€518k€576k▲
Amounts payable after more than one year17€84k€71k▼
Financial debts170/4€84k€71k▼
Amounts payable within one year42/48€432k€502k▲
Current portion of amounts payable after more than one year42€48k€11k▼
Trade debts44€138k€219k▲
Suppliers440/4€138k€219k▲
Taxes, remuneration and social security45€86k€113k▲
Taxes450/3€17k€36k▲
Remuneration and social security454/9€69k€76k▲
Other amounts payable47/48€160k€160k=
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€868k€948k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€58k▼
Other operating charges640/8€25k€37k▲
Gross operating margin9900€1.16M€1.24M▲
Operating profit (loss)9901€198k€194k▼
Financial income75/76B€2k€7k▲
Recurring financial income75€2k€7k▲
Financial charges65/66B€23k€23k▼
Recurring financial charges65€23k€23k▼
Profit (loss) for the period before taxes9903€177k€178k▲
Income taxes67/77€13k€12k▼
Profit (loss) for the period9904€164k€166k▲
Profit (loss) for the period to be appropriated9905€164k€166k▲
Appropriation of the result
Profit (loss) to be appropriated9906€164k€166k▲
Transfer to equity691/2€4k€6k▲
To other reserves6921€4k€6k▲
Profit to be distributed694/7€160k€160k=
Directors or managers695€160k€160k=
Social balance
Average headcount (FTE)908714.114.5▲
The notes to these accounts (16 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Highest result since 2018net €243k ▲17.5%
Operating result €281k, net result €243k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 16 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet €50k ▼53.1%
Net result drops to €50k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 6 days late
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Brugge · 6 establishment units since 2003
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.
Komvest 238000 BruggeGround area
8,371 m²
Building footprint
1,204 m²
Volume, LiDAR
7,766 m³
6 parcels, Flanders · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
6 establishment units
Komvest 23, 8000 Brugge
since 20032.114.802.512
Monnikenwerve 107, 8000 Brugge
since 20032.114.802.611
Maurice Lippensplein 4, 8300 Knokke-Heist
since 20032.114.802.710
Pannenstraat 59, 8301 Knokke-Heist
since 20032.114.802.908
Kerkstraat 24, 9910 Aalter
since 20032.131.519.867
Marktstraat 26, 9990 Maldegem
since 20212.316.965.556
6 parcels
Flanders
6
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808K0373/00A002 | Flanders | 6,255 m² | 1 · 282 m² | 8.4 m · 2 fl. |
| 44029D0634/00L000 | Flanders | 1,311 m² | 1 · 399 m² | 11.6 m · 1 fl. |
| 31805E1395/00M004 | Flanders | 301 m² | 1 · 139 m² | 13.2 m · 2 fl. |
| 43010G0375/00K000 | Flanders | 273 m² | 1 · 153 m² | 11.8 m · 2 fl. |
| 31333H0338/00K000 | Flanders | 125 m² | 1 · 125 m² | 18.1 m · 5 fl. |
| 31336H0417/00A000 | Flanders | 106 m² | 1 · 106 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 5
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 77,940 EUR awarded · 75,332 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 22,109 EUR | 21,557 EUR |
| 2024 | 2 | 19,320 EUR | 19,754 EUR |
| 2023 | 2 | 13,296 EUR | 21,651 EUR |
| 2022 | 2 | 23,215 EUR | 12,370 EUR |
Schemes
Subsidie voor het terugkommoment
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,034 companies in sector 85531 we hold annual accounts for 345. 208 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-2002
Fiscal year end31-12
Activities, NACEBEL
85531Driving schools for cars and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.