Topradio
ActiveSummary
Topradio has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €689,666 and a net result of €55,707. Equity is growing by ~53.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▲+5
Solvency49▲+22
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.64 in 2024; short-term debt: 45.5% and cash: 0.7% of total assets), but 76.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 60
Relative position
BE, all sectors
reference
Programming, broadcasting, news agency and other content distribution activities (NACE 60)
about 22% 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
23.6%
Return on assets
1.9%
Age of the figures
9 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 13-03-2026, 140 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
140 d early
2024
65 d early
2023
96 d early
2022
137 d early
2021
107 d early
2020
4 d early
2019
3 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 79 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% 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 15 April (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€3.2m
EBIT margin
3.5%
Net result
€55,707▲ 401%
2024 · €11,118
Working capital
€678,943▲ 13.5%
2024 · €597,949
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 60, Programming, broadcasting, news agency and other content distribution 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
Turnover€3.2m
Operating result€30,447€37,014▲ 21.6%€66,274▲ 79.1%€71,266▲ 7.5%€114,706▲ 61.0%
Net result€1,246€17,541▲ 1,307%€20,578▲ 17.3%€11,118▼ 46.0%€55,707▲ 401%
EBIT margin3.5%
Equity€15,102▲ 9.0%€32,643▲ 116%€53,221▲ 63.0%€64,338▲ 20.9%€689,666▲ 972%
Total assets€1.4m▲ 173%€1.9m▲ 33.6%€2.1m▲ 8.9%€2.6m▲ 26.3%€2.9m▲ 12.2%
Debt€1.4m▲ 178%€1.9m▲ 32.7%€2.0m▲ 8.0%€2.5m▲ 26.4%€2.2m▼ 12.2%
Working capital-€400,550▼ 186%-€640,156▼ 59.8%-€263,522▲ 58.8%€597,949€678,943▲ 13.5%
Solvency1.1%▼ 1.6pp1.7%▲ 0.7pp2.6%▲ 0.9pp2.5%▼ 0.1pp23.6%▲ 21.2pp
Current ratio0.60▼ 0.110.60=0.82▲ 0.221.64▲ 0.821.51▼ 0.13
Return on assets (ROA)0.1%▲ 15.9pp0.9%▲ 0.8pp1.0%▲ 0.1pp0.4%▼ 0.6pp1.9%▲ 1.5pp
Staff (FTE)24.4▲ 120%4.8▲ 9.1%4.3▼ 10.4%4.3=
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 61% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.9m
Fixed assets
€910,714 ▼ 14.5%
Current assets
€2.0m ▲ 30.7%
Equity and liabilities €2.9m
Equity
€689,666 ▲ 972%
Debt
€2.2m ▼ 12.2%
Debt's share of the balance-sheet total falls from 97.5% to 76.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€388,035▲
2024 · €298,155
Cash flow
€329,037▲
2024 · €238,007
Debt to equity
3.23▼
2024 · 39.41
ROE
8.1%▼
2024 · 17.3%
Interest coverage
5.15▲
2024 · 4.93
Debt ≤ 1 year
€1.3m▲
2024 · €937,138
Debt > 1 year
€813,911▼
2024 · €1.5m
Income taxes
€705▼
2024 · €709
Staff costs
€303,486▲
2024 · €293,333
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% 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 3,980 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €3.3m | - |
| Turnover70 | - | - | - | - | €3.2m | - |
| Other operating income74 | - | - | - | - | €9,408 | - |
| Non-recurring operating income76A | - | - | - | €1,426 | €10,267 | ▲ 620% |
| Operating charges60/66A | - | - | - | - | €3.1m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €212,989 | - |
| Purchases600/8 | - | - | - | - | €212,989 | - |
| Services and other goods61 | - | - | - | - | €2.2m | - |
| Remuneration, social security and pensions62 | €196,850 | €317,850 | €389,522 | €293,333 | €303,486 | ▲ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €75,926 | €189,963 | €220,980 | €226,889 | €273,330 | ▲ 20.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | €20,107 | €25,690 | €19,323 | ▼ 24.8% |
| Other operating charges640/8 | €61,668 | €63,209 | €117,219 | €155,688 | €172,550 | ▲ 10.8% |
| Non-recurring operating charges66A | €72,170 | - | - | €48,444 | - | - |
| Gross operating margin9900 | €437,062 | €608,036 | €814,101 | €821,310 | - | - |
| Operating profit (loss)9901 | €30,447 | €37,014 | €66,274 | €71,266 | €114,706 | ▲ 61.0% |
| Financial income75/76B | €0 | - | €443 | €1,058 | €17,763 | ▲ 1,580% |
| Recurring financial income75 | €0 | - | €443 | €1,058 | €17,763 | ▲ 1,580% |
| Income from financial fixed assets750 | - | - | - | - | €17,408 | - |
| Other financial income752/9 | - | - | - | - | €355 | - |
| Financial charges65/66B | €27,860 | €18,779 | €45,317 | €60,497 | €76,057 | ▲ 25.7% |
| Recurring financial charges65 | €27,860 | €18,779 | €45,317 | €60,497 | €76,057 | ▲ 25.7% |
| Debt charges650 | - | - | - | - | €75,280 | - |
| Other financial charges652/9 | - | - | - | - | €776 | - |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €2,587 | €18,235 | €21,399 | €11,826 | €56,412 | ▲ 377% |
| Income taxes67/77 | €1,340 | €694 | €822 | €709 | €705 | ▼ 0.6% |
| Taxes670/3 | - | - | - | - | €705 | - |
| Profit (loss) for the period9904 | €1,246 | €17,541 | €20,578 | €11,118 | €55,707 | ▲ 401% |
| Transfer from tax-exempt reserves789 | €8,620 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €9,866 | €17,541 | €20,578 | €11,118 | €55,707 | ▲ 401% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.9m | €2.1m | €2.6m | €2.9m | ▲ 12.2% |
| Fixed assets21/28 | €820,604 | €949,148 | €877,297 | €1.1m | €910,714 | ▼ 14.5% |
| Intangible fixed assets21 | €122,823 | €141,315 | €123,390 | €424,783 | €357,924 | ▼ 15.7% |
| Tangible fixed assets22/27 | €696,713 | €806,767 | €752,840 | €639,822 | €552,723 | ▼ 13.6% |
| Plant, machinery and equipment23 | €85,493 | €94,090 | €96,225 | €93,759 | €135,616 | ▲ 44.6% |
| Furniture and vehicles24 | €0 | - | €5,604 | - | - | - |
| Leasing and similar rights25 | €52,824 | €41,627 | €30,441 | €77,528 | €97,642 | ▲ 25.9% |
| Other tangible fixed assets26 | €558,396 | €671,050 | €620,569 | €468,535 | €319,465 | ▼ 31.8% |
| Financial fixed assets28 | €1,067 | €1,067 | €1,067 | €67 | €67 | = |
| Other financial fixed assets284/8 | - | - | - | - | €67 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €67 | - |
| Current assets29/58 | €594,291 | €940,827 | €1.2m | €1.5m | €2.0m | ▲ 30.7% |
| Amounts receivable within one year40/41 | €486,209 | €662,279 | €563,682 | €1.2m | €1.5m | ▲ 28.4% |
| Trade receivables40 | €277,258 | €544,996 | €520,682 | €617,245 | €668,474 | ▲ 8.3% |
| Other amounts receivable41 | €208,952 | €117,283 | €43,000 | €540,752 | €818,033 | ▲ 51.3% |
| Cash at bank and in hand54/58 | €18,286 | €10,287 | €27,538 | €33,735 | €20,761 | ▼ 38.5% |
| Deferred charges and accrued income490/1 | €89,795 | €268,261 | €590,501 | €343,354 | €498,976 | ▲ 45.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.9m | €2.1m | €2.6m | €2.9m | ▲ 12.2% |
| Equity10/15 | €15,102 | €32,643 | €53,221 | €64,338 | €689,666 | ▲ 972% |
| Contributions10/11 | €183,867 | €183,867 | €183,867 | €183,867 | €753,488 | ▲ 310% |
| Capital10 | €183,867 | €183,867 | €183,867 | €183,867 | €753,488 | ▲ 310% |
| Issued capital100 | €183,867 | €183,867 | €183,867 | €183,867 | €753,488 | ▲ 310% |
| Reserves13 | €17,473 | €17,473 | €17,473 | €17,473 | €17,473 | = |
| Non-distributable reserves130/1 | €17,473 | €17,473 | €17,473 | €17,473 | €17,473 | = |
| Legal reserve130 | €17,473 | €17,473 | €17,473 | €17,473 | €17,473 | = |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€186,239 | -€168,698 | -€148,120 | -€137,002 | -€81,295 | ▲ 40.7% |
| Amounts payable17/49 | €1.4m | €1.9m | €2.0m | €2.5m | €2.2m | ▼ 12.2% |
| Amounts payable after more than one year17 | €356,994 | €256,177 | €409,515 | €1.5m | €813,911 | ▼ 45.7% |
| Financial debts170/4 | €356,994 | €256,177 | €409,515 | €1.0m | €813,911 | ▼ 22.3% |
| Leasing and similar obligations172 | - | - | - | - | €70,197 | - |
| Credit institutions173 | - | - | - | - | €515,085 | - |
| Other loans174 | - | - | - | - | €228,629 | - |
| Trade debts175 | - | - | - | €450,000 | - | - |
| Amounts payable within one year42/48 | €994,841 | €1.6m | €1.4m | €937,138 | €1.3m | ▲ 41.6% |
| Current portion of amounts payable after more than one year42 | €100,556 | €100,816 | €197,225 | €287,583 | €278,753 | ▼ 3.1% |
| Trade debts44 | €592,100 | €970,617 | €1.1m | €531,309 | €746,039 | ▲ 40.4% |
| Suppliers440/4 | €592,100 | €970,617 | €1.1m | €531,309 | €746,039 | ▲ 40.4% |
| Taxes, remuneration and social security45 | €54,518 | €125,569 | €152,014 | €103,706 | €287,795 | ▲ 178% |
| Taxes450/3 | €16,597 | €79,534 | €117,389 | €75,055 | €226,388 | ▲ 202% |
| Remuneration and social security454/9 | €37,922 | €46,035 | €34,625 | €28,651 | €61,407 | ▲ 114% |
| Other amounts payable47/48 | €247,667 | €383,981 | €7,667 | €14,539 | €14,714 | ▲ 1.2% |
| Accrued charges and deferred income492/3 | €47,958 | €20,172 | €151,039 | €100,744 | €86,080 | ▼ 14.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,246 | €17,541 | €20,578 | €11,118 | €55,707 | ▲ 401% |
| + Depreciation and write-downs630 | €75,926 | €189,963 | €220,980 | €226,889 | €273,330 | ▲ 20.5% |
| Operating cash flow (approximation) | €77,172 | €207,505 | €241,558 | €238,007 | €329,037 | ▲ 38.2% |
| Investment in fixed assets (approximation) | - | -€318,508 | -€149,128 | -€414,265 | -€119,371 | ▲ 71.2% |
| Change in cash | - | -€7,999 | €17,250 | €6,197 | -€12,974 | ▼ 309% |
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
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2019net €55,707 ▲401%
Operating result €114,706, net result €55,707, both a record.
31-12
Financial
Equity above €500,000Eq €689,666 ▲972%
5 profitable years in a row build equity to €689,666.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 1.64
Current ratio from 0.82 to 1.64; short-term debt falls from €1.4m to €937,138.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €1,246
Net result €1,246 after 2 loss-making years.
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
15-09
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.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Roeselare · 1 establishment unit since 1999
Ground area
2.7 ha
Parcel 36505C0954/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
Topradio NV
since 19992.090.417.702
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505C0954/00C000 | Flanders | 2.7 ha | - | - |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- TWICE INDUSTRIES
- hellohelloradio.com
- Topradio
Highest known parent: TWICE INDUSTRIES. The sources do not say who stands above it.
Owners 1
- hellohelloradio.comparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,106 EUR awarded · 1,106 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 296 EUR | 296 EUR |
| 2024 | 1 | 0 EUR | 810 EUR |
| 2023 | 1 | 810 EUR | 0 EUR |
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Of 332 companies in sector 60100 we hold annual accounts for 80. 40 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-01-1999
Fiscal year end31-12
Activities, NACEBEL 2025
60100Programming, broadcasting, news agency and other content distribution activities
Contact
Phone
092200531
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465147365
Registered
27-03-2026
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.