TopRev
ActiveSummary
TopRev has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106k and a net result of €19k. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 64% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-4
Solvency94▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.97 against 3.06 in 2024; short-term debt: 28.2% and cash: 50.3% of total assets), and 30.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
69.4%
Return on assets
12.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
27 d late
2024
on the day
2023
29 d late
2022
30 d late
2021
3 d late
2020
29 d late
2019
89 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€106k▲ 3.9%
2024 · €102k
2019: €33klowest in 7 years
2020: €37k▲ +11.9% vs 2019
2021: €63k▲ +69.8% vs 2020
2022: €69k▲ +9.9% vs 2021
2023: €92k▲ +32.7% vs 2022
2024: €102k▲ +10.8% vs 2023
2025: €106k▲ +3.9% vs 2024highest in 7 years
2019 → 2025
Total assets
€153k▼ 2.8%
2024 · €157k
2019: €127k
2020: €126k▼ -0.5% vs 2019
2021: €134k▲ +5.9% vs 2020
2022: €109k▼ -18.7% vs 2021lowest in 7 years
2023: €159k▲ +46.8% vs 2022highest in 7 years
2024: €157k▼ -1.5% vs 2023
2025: €153k▼ -2.8% vs 2024
2019 → 2025
Net result
€19k▼ 22.5%
2024 · €25k
2019: €15k
2020: €4k▼ -73.0% vs 2019lowest in 7 years
2021: €26k▲ +558% vs 2020highest in 7 years
2022: €6k▼ -75.9% vs 2021
2023: €23k▲ +263% vs 2022
2024: €25k▲ +8.4% vs 2023
2025: €19k▼ -22.5% vs 2024
2019 → 2025
Working capital
€85k▲ 1.4%
2024 · €84k
2019: €-26klowest in 7 years
2020: €-11k▲ +56.7% vs 2019
2021: €33k▲ +392% vs 2020
2022: €49k▲ +47.6% vs 2021
2023: €75k▲ +51.9% vs 2022
2024: €84k▲ +11.9% vs 2023
2025: €85k▲ +1.4% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€69k▲ 9.9%€92k▲ 32.7%€102k▲ 10.8%€106k▲ 3.9%
2021: €63klowest in 5 years
2022: €69k▲ +9.9% vs 2021
2023: €92k▲ +32.7% vs 2022
2024: €102k▲ +10.8% vs 2023
2025: €106k▲ +3.9% vs 2024highest in 5 years
Operating result€36k-€12k▼ 65.7%€34k▲ 175%€38k▲ 11.3%€31k▼ 18.0%
2021: €36k
2022: €12k▼ -65.7% vs 2021lowest in 5 years
2023: €34k▲ +175% vs 2022
2024: €38k▲ +11.3% vs 2023highest in 5 years
2025: €31k▼ -18.0% vs 2024
Net result€26k-€6k▼ 75.9%€23k▲ 263%€25k▲ 8.4%€19k▼ 22.5%
2021: €26khighest in 5 years
2022: €6k▼ -75.9% vs 2021lowest in 5 years
2023: €23k▲ +263% vs 2022
2024: €25k▲ +8.4% vs 2023
2025: €19k▼ -22.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153k
Fixed assets
€25k ▼ 24.5%
Current assets
€128k ▲ 2.9%
Equity and liabilities €153k
Equity
€106k ▲ 3.9%
Debt
€47k ▼ 15.4%
Debt's share of the balance-sheet total falls from 35.2% to 30.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40k▼
2024 · €47k
Cash flow
€28k▼
2024 · €34k
Current ratio
2.97▼
2024 · 3.06
Debt to equity
0.44▼
2024 · 0.54
ROE
18.0%▼
2024 · 24.1%
ROA
12.5%▼
2024 · 15.6%
Interest coverage
19.65▲
2024 · 18.33
Debt ≤ 1 year
€43k▲
2024 · €41k
Debt > 1 year
€4k▼
2024 · €15k
Income taxes
€11k▲
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€157k€153k▼
Fixed assets21/28€33k€25k▼
Intangible fixed assets21€78€0▼
Tangible fixed assets22/27€32k€25k▼
Land and buildings22€3k€3k▼
Furniture and vehicles24-€2k
Leasing and similar rights25€28k€20k▼
Financial fixed assets28€950€0▼
Current assets29/58€124k€128k▲
Amounts receivable after more than one year29€19k€15k▼
Other amounts receivable291€19k€15k▼
Amounts receivable within one year40/41€28k€35k▲
Trade receivables40€27k€34k▲
Other amounts receivable41€658€665▲
Current investments50/53€25k€0▼
Cash at bank and in hand54/58€51k€77k▲
Deferred charges and accrued income490/1€1k€737▼
Equity and liabilities
Total equity and liabilities10/49€157k€153k▼
Equity10/15€102k€106k▲
Contributions10/11€19k€19k=
Reserves13€83k€87k▲
Tax-exempt reserves132€21k€0▼
Distributable reserves133€62k€87k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€55k€47k▼
Amounts payable after more than one year17€15k€4k▼
Financial debts170/4€15k€4k▼
Amounts payable within one year42/48€41k€43k▲
Current portion of amounts payable after more than one year42€11k€11k▲
Financial debts43€2k€495▼
Credit institutions430/8€472€495▲
Other loans439€1k€0▼
Trade debts44€548€827▲
Suppliers440/4€548€827▲
Taxes, remuneration and social security45€6k€8k▲
Taxes450/3€3k€5k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€22k€23k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Other operating charges640/8€777€925▲
Non-recurring operating charges66A€1k€950▼
Gross operating margin9900€49k€42k▼
Operating profit (loss)9901€38k€31k▼
Financial income75/76B€446€2k▲
Recurring financial income75€446€2k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€35k€30k▼
Income taxes67/77€11k€11k▲
Profit (loss) for the period9904€25k€19k▼
Transfer from tax-exempt reserves789-€21k
Profit (loss) for the period to be appropriated9905€25k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€40k▲
Transfer from equity791/2€15k€15k▲
Transfer to equity691/2€25k€40k▲
To other reserves6921€25k€40k▲
Profit to be distributed694/7€15k€15k▲
Return on contributions (dividend)694€15k€15k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €115 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €25 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €18k | €20k | €9k | €9k | ▼ 5.2% |
| Other operating charges640/8 | €688 | €884 | €846 | €777 | €925 | ▲ 19.0% |
| Non-recurring operating charges66A | €19 | €650 | €25 | €1k | €950 | ▼ 15.2% |
| Gross operating margin9900 | €55k | €32k | €54k | €49k | €42k | ▼ 14.8% |
| Operating profit (loss)9901 | €36k | €12k | €34k | €38k | €31k | ▼ 18.0% |
| Financial income75/76B | €40 | €267 | €301 | €446 | €2k | ▲ 267% |
| Recurring financial income75 | €40 | €267 | €301 | €446 | €2k | ▲ 267% |
| Financial charges65/66B | €864 | €785 | €2k | €3k | €2k | ▼ 21.1% |
| Recurring financial charges65 | €864 | €785 | €2k | €3k | €2k | ▼ 21.1% |
| Profit (loss) for the period before taxes9903 | €35k | €12k | €32k | €35k | €30k | ▼ 14.2% |
| Income taxes67/77 | €9k | €6k | €9k | €11k | €11k | ▲ 4.5% |
| Profit (loss) for the period9904 | €26k | €6k | €23k | €25k | €19k | ▼ 22.5% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €21k | - |
| Transfer to tax-exempt reserves689 | €21k | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €5k | €6k | €23k | €25k | €40k | ▲ 63.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134k | €109k | €159k | €157k | €153k | ▼ 2.8% |
| Fixed assets21/28 | €38k | €20k | €42k | €33k | €25k | ▼ 24.5% |
| Intangible fixed assets21 | €28k | €14k | €959 | €78 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €9k | €5k | €40k | €32k | €25k | ▼ 22.1% |
| Land and buildings22 | €2k | €914 | €4k | €3k | €3k | ▼ 5.6% |
| Furniture and vehicles24 | €23 | €0 | - | - | €2k | - |
| Leasing and similar rights25 | €8k | €4k | €37k | €28k | €20k | ▼ 29.4% |
| Financial fixed assets28 | €950 | €950 | €950 | €950 | €0 | ▼ 100% |
| Current assets29/58 | €96k | €88k | €117k | €124k | €128k | ▲ 2.9% |
| Amounts receivable after more than one year29 | - | - | - | €19k | €15k | ▼ 19.4% |
| Other amounts receivable291 | - | - | - | €19k | €15k | ▼ 19.4% |
| Amounts receivable within one year40/41 | €30k | €23k | €33k | €28k | €35k | ▲ 27.1% |
| Trade receivables40 | €22k | €17k | €33k | €27k | €34k | ▲ 27.7% |
| Other amounts receivable41 | €8k | €5k | €0 | €658 | €665 | ▲ 1.1% |
| Current investments50/53 | - | - | - | €25k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €62k | €63k | €82k | €51k | €77k | ▲ 49.4% |
| Deferred charges and accrued income490/1 | €3k | €3k | €1k | €1k | €737 | ▼ 43.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134k | €109k | €159k | €157k | €153k | ▼ 2.8% |
| Equity10/15 | €63k | €69k | €92k | €102k | €106k | ▲ 3.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €44k | €51k | €73k | €83k | €87k | ▲ 4.8% |
| Tax-exempt reserves132 | €21k | €21k | €21k | €21k | €0 | ▼ 100% |
| Distributable reserves133 | €23k | €30k | €52k | €62k | €87k | ▲ 40.3% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €71k | €39k | €68k | €55k | €47k | ▼ 15.4% |
| Amounts payable after more than one year17 | €3k | €0 | €25k | €15k | €4k | ▼ 74.6% |
| Financial debts170/4 | €3k | €0 | €25k | €15k | €4k | ▼ 74.6% |
| Amounts payable within one year42/48 | €62k | €39k | €42k | €41k | €43k | ▲ 6.0% |
| Current portion of amounts payable after more than one year42 | €5k | €3k | €10k | €11k | €11k | ▲ 3.6% |
| Financial debts43 | €2k | €2k | €3k | €2k | €495 | ▼ 71.8% |
| Credit institutions430/8 | €394 | €1k | €1k | €472 | €495 | ▲ 5.0% |
| Other loans439 | €1k | €1k | €1k | €1k | €0 | ▼ 100% |
| Trade debts44 | €8k | €2k | €2k | €548 | €827 | ▲ 51.0% |
| Suppliers440/4 | €8k | €2k | €2k | €548 | €827 | ▲ 51.0% |
| Taxes, remuneration and social security45 | €7k | €4k | €7k | €6k | €8k | ▲ 35.2% |
| Taxes450/3 | €4k | €2k | €4k | €3k | €5k | ▲ 58.6% |
| Remuneration and social security454/9 | €3k | €3k | €2k | €2k | €2k | ▲ 1.2% |
| Other amounts payable47/48 | €41k | €28k | €21k | €22k | €23k | ▲ 4.8% |
| Accrued charges and deferred income492/3 | €5k | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €6k | €23k | €25k | €19k | ▼ 22.5% |
| + Depreciation and write-downs630 | €19k | €18k | €20k | €9k | €9k | ▼ 5.2% |
| Operating cash flow (approximation) | €44k | €24k | €42k | €34k | €28k | ▼ 17.7% |
| Investment in fixed assets (approximation) | - | €0 | €-42k | €0 | €-940 | - |
| Change in cash | - | €1k | €19k | €-31k | €25k | ▲ 181% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €102k ▲10.8%
6 profitable years in a row build equity to €102k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
31-12
Financial
Highest result since 2019net €26k ▲558%
Net result €26k, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-12
Financial
Weakest financial yearnet €4k ▼73%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lokeren · 1 establishment unit since 2019
Ground area
1,134 m²
Building footprint
155 m²
Volume, LiDAR
826 m³
Parcel 44045D0702/00A000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TopRev
since 20192.284.853.608
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44045D0702/00A000 | Flanders | 1,134 m² | 1 · 155 m² | 9.6 m · 2 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.
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 3,022 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
Founded15-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.