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TOPS

Active Public limited companyfounded 1991active for 35 yearsChaussée de Courcelles 113, 6041 CharleroiKBO/BCE: BE 0444.478.051

Lifetime

17 annual accounts with figures on one time axis, 32 filings since 1992
peak €206,567 (2009)
€124,985▲ 13.6%
peak €135,449 (2009)
€47,971▲ 66.7%
peak €508,627 (2025)
€508,627▲ 12.2%
€195,902▼ 24.1%
Board4 names since 2010
2 directors and 1 other
Documentsfilings and deeds
16-07-202615 days before the deadline
2025abbreviated format
Gross margin from €110,030 to €124,985Result from €28,771 to €47,971Equity from €453,142 to €508,627Debts from €258,087 to €195,902

Key points

from the 2025 annual accounts

Equity

€508,627 ▲ 12.2%

TOPS has made a profit in every financial year since 2008.

Liquidity

7.82 was 3.87 in 2024

Short-term debts fell from €75,143 to €42,742.

Filings

32 annual accounts since 1992
AprilJune31 JulyOctober200020102020

Two of the last ten came late. The 2022 accounts came latest: 31 days after the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 20,137 companies had the same profile as TOPS has now. Each dot stands for 51 companies, two years later.

95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
Test of the method

The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 20,137 companies, not a prediction for TOPS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Managing director
Director,
Board & ownership

Recent changes

New sole statutory director appointed, resigned · Permanent representative: · “modified purpose text” (deed in French) · General meeting of 20-12-2023 · Gazette deed
Reappointments: (managing director) and (director) Board meeting of 05-10-2021 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0444478051
1 director appointed, 2 resignations, 3 reappointments Reappointments: (managing director), and · Permanent representative: · Resignations: and · General meeting of 14-11-2016 · Gazette deed
All 43 events

Comparable companies

same main activity, similar in size and age
Company
TOPS Charleroi €704,528 €124,985 72.2% -
VAN LAETHEM-INVEST Ecaussinnes €721,340 €136,007 65.4% -
TEN HOF Antwerp €735,531 €124,646 26.4% -
Rent Space Brussels €626,440 €125,523 26.7% 0
COMPTOIR EUROPEEN DU PNEU Wavre €733,062 €143,927 95.4% -
dot.com Kuurne €617,865 €120,519 29.8% -
LA CREMAILLERE Jalhay €701,812 €107,723 51.6% -

These companies have the same main activity as TOPS: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €618,000 and €736,000, founded between 1986 and 1992.

Official details

Source: KBO
Status
Active since 20-06-1991Normal situation
Activity
Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 1 other
Establishment unit
2.053.387.9516041 Charleroi, since 09-07-1991
Financial year end
31 December
Peppol
Reachable since 20-11-2020
Company details

Annual accounts 2025

≈ €170,000estimated
€704,528▼ 0.9%
Filing
Filed on 16-07-2026, 15 days before the end of the filing period
Financials

Insights on TOPS

TOPS files the abbreviated format. That format states no turnover. The gross margin fell from €127,894 in 2008 to €124,985 in 2025.

The balance sheet grew most from 2020 to 2021 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about TOPS

What is the company number of TOPS?
The company number of TOPS is 0444.478.051. The VAT number is the same number with BE in front: BE 0444.478.051.
Where is TOPS based?
The registered office is at Chaussée de Courcelles 113, 6041 Charleroi.Company details
What does TOPS do?
According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of TOPS?
TOPS is a public limited company (NV).
When was TOPS founded?
TOPS was founded on 20-06-1991.
Is TOPS still active?
Yes, TOPS is an active enterprise in the KBO register.
What is the turnover of TOPS?
The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €124,985 and 37 comparable companies (NACE 68203). It probably lies between €130,000 and €270,000.Financials
Is TOPS profitable?
In financial year 2025, TOPS made a profit of €47,971.
Where can I find the annual accounts of TOPS?
TOPS filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TOPS due?
TOPS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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