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TOPS

Active Public limited companyfounded 1991active for 35 yearsChaussée de Courcelles 113, 6041 CharleroiKBO/BCE: BE 0444.478.051
TOPS
Financial year 2025
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Annual accounts 2025

abbreviated format, filed on 16-07-2026, 15 days before the deadline
€124,985
▲ 13.6%
€57,874
▲ 34.1%
€47,971
▲ 66.7%
€291,339
▲ 34.9%
72.2%
▲ 8.5 percentage points
7.82
▲ 3.94

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €170,000. Estimated: probably between €130,000 and €270,000.

Balance sheet

balance sheet total €704,528 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

72.2%

Higher than 80% of 11,297 companies in 2025.

7.82

Higher than 88% of 10,849 companies in 2025.

6.8%

Higher than 79% of 11,182 companies in 2025.

TOPS Middle half of the sector 80% of the sector Abbreviated accounts in real estate (NACE 68)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132011201020092008
Balance sheet: assets
20/58 704,528711,229715,372682,838689,836547,074450,643468,187503,730507,998549,787592,145621,986687,390729,417890,780768,235
21/28 370,447420,111469,776519,440569,105492,757399,508431,826464,145496,463528,781562,809597,933668,182703,306677,673767,418
21 -----------0---0-
22/27 370,447420,111469,776519,440569,105492,757399,508431,826464,145496,463528,781561,099596,223666,472701,596675,963765,707
22 370,447420,111469,776519,440569,105492,757399,508431,826464,145496,463528,781561,099596,223666,472701,596675,963765,707
28 -----------1,7101,7101,7101,7101,7101,710
29/58 334,082291,118245,596163,398120,73154,31751,13536,36139,58511,53521,00629,33624,05319,20826,111213,107817
40/41 265,322215,420239,734141,440104,1101,891264----81266081281280,812812
40 18,000----1,891264----------
41 247,322215,420239,734141,440104,110------81266081281280,812812
54/58 68,76075,6985,86221,95716,62152,42650,87136,36139,58511,53521,00628,52423,39318,32525,101132,2955
490/1 -------------71198--
Balance sheet: equity and liabilities
10/49 704,528711,229715,372682,838689,836547,074450,643468,187503,730507,998549,787592,145621,986687,390729,417890,780768,235
10/15 508,627453,142424,370365,162307,053264,300237,043225,912199,256172,517114,78798,80283,63965,68163,681191,571186,123
10/11 61,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,500190,432190,432
10 61,50061,50061,50061,50061,500------------
100 61,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,500190,432190,432
14 447,127391,642362,870303,662245,553202,800175,543164,412137,756111,01753,28737,30222,1394,1812,1811,139-4,310
16 -----10,00010,00010,00025,00010,000-------
160/5 -----10,00010,00010,00025,00010,000-------
162 -----10,00010,00010,00025,00010,000-------
17/49 195,902258,087291,002317,676382,783272,774203,600232,275279,474325,481435,000493,343538,347621,709665,736699,209582,112
17 153,159182,944212,706241,172294,256221,224121,707169,426240,000240,000324,000360,00045,659237,818337,645286,646301,093
170/4 153,159182,944212,706241,172294,256221,224121,707169,426----45,659237,818337,645286,646301,093
178/9 --------240,000240,000324,000360,000-----
42/48 42,74275,14378,29676,50588,52751,55061,12962,84939,47350,000111,000133,343492,688383,891322,102412,563281,020
42 29,78529,33928,46653,08576,85948,26947,71947,185--36,00045,65896,52699,826110,450273,989267,718
43 ----------------7,301
430/8 ----------------7,301
44 -18,00027,830-8,168302210----------
440/4 -18,00027,830-8,168302210----------
45 12,95727,80522,00023,4203,5002,97913,20014,90039,47330,0005,00015,00211,0027,9517,5388,5746,000
450/3 12,95727,80522,00023,4203,5002,97913,20014,60039,47330,0005,00015,002---8,5746,000
454/9 -------300----11,0027,9517,538--
47/48 -------764-20,00070,00072,683385,160276,114204,114130,000-
492/3 ------20,764-135,481----5,989--
Income statement
9900 124,985110,030152,756147,451133,98492,24682,41172,347109,557136,703124,574133,337145,183121,880109,811206,567127,894
630 49,66549,66549,66549,66549,66425,21732,31832,31832,31832,31832,31835,12435,12435,12445,38438,28241,567
635/8 -----10,000--15,00015,00010,000-------
640/8 17,44617,21516,86814,76342,49337,74114,11513,83613,553---13,452----
66A ----------1,710------
9901 57,87443,15186,22383,02451,82729,28835,97811,19348,68694,38592,25698,21396,60786,75664,427168,28586,327
75/76B 10,884-----557---5627638430444-
75 10,884-----557---5627638430444-
65/66B 3,1293,5744,0724,9945,5742,2522,543-7,77912,4747,2877,6945,60414,28011,87925,01627,59723,412
65 3,1293,5744,0724,9945,5742,2522,543-7,77912,4747,2877,6945,60414,28011,87925,01627,59723,412
9903 65,62839,57682,15278,02946,25327,03633,99218,97236,21287,09882,90892,63682,39074,96139,715140,73262,914
67/77 17,65710,80522,94319,9203,500-2212,861-7,6849,47329,368-3,0777,4733,315961-1,3275,2831,000
9904 47,97128,77159,20858,10942,75327,25731,13126,65626,73957,73085,98585,16379,07574,00041,042135,44961,914
9905 47,97128,77159,20858,10942,75327,25731,13126,65626,73957,73085,98585,16379,07574,00041,042135,44961,914
Appropriation of the result
9906 447,127391,642362,870303,662245,553202,800195,543164,412137,756111,017123,287107,30292,13976,18142,181131,13955,690
14P 399,156362,870303,662245,552202,800------------
694/7 ------20,000---70,00070,00070,00072,00040,000130,00060,000
695 ------20,000---70,00070,00070,00072,00040,000130,00060,000
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 15 older financial years (1992-2007) were filed as documents without figures as data, scans for example.

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 16-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 16-07-2026 2026-00300425 PDF
31-12-2024 micro format 31-08-2025 2025-00474397 PDF
31-12-2023 micro format 12-07-2024 2024-00241302 PDF
31-12-2022 micro format 31-08-2023 2023-00436915 PDF
31-12-2021 micro format 27-07-2022 2022-20228712 PDF
31-12-2020 micro format 22-06-2021 2021-22800106 PDF
31-12-2019 micro format 01-07-2020 2020-23500107 PDF
31-12-2018 micro format 10-07-2019 2019-30600264 PDF
31-12-2017 full format 21-07-2018 2018-35600289 PDF
31-12-2016 micro format 21-06-2017 2017-19900284 PDF
31-12-2015 full format 07-06-2016 2016-15400350 PDF
31-12-2014 full format 16-07-2015 2015-30800195 PDF
31-12-2013 full format 05-06-2014 2014-16300050 PDF
31-12-2011 full format 31-07-2012 2012-37500063 PDF
31-12-2010 full format 26-06-2011 2011-19900052 PDF
31-12-2009 full format 23-07-2010 2010-34400292 PDF
31-12-2008 full format 07-09-2009 2009-75100332 PDF
31-12-2007 full format 14-05-2008 2008-13600155 PDF
31-12-2006 full format 13-09-2007 2007-71300399 PDF
31-12-2004 full format 01-08-2005 2005-61701841 PDF
31-12-2003 full format 20-10-2004 2004-74303153 PDF
31-12-2002 full format 01-08-2003 2003-59005102 PDF
31-12-2001 full format 19-12-2002 2002-77601737 PDF
31-12-2000 full format 10-01-2003 2003-00801518 PDF
31-12-1999 full format 27-03-2001 2001-07300225 PDF
31-12-1998 full format 14-07-1999 1999-33401766 PDF
31-12-1997 full format 01-07-1998 1998-27202968 PDF
31-12-1996 full format 29-07-1997 1997-34300343 PDF
31-12-1995 full format 01-07-1996 1996-28001753 PDF
31-12-1994 full format 07-07-1995 1995-37303944 PDF
31-12-1993 full format 27-06-1994 1994-19704666 PDF
31-12-1992 full format 14-06-1993 1993-12404166 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132011201020092008
107,53892,815135,888132,688101,49154,50568,29643,51181,004126,703124,574133,337131,731121,880109,811206,567127,894
97,63578,436108,873107,77492,41752,47463,44958,97459,05790,048118,303120,287114,199109,12486,426173,731103,481
000-0126,012118,4660-100-1,7100-071,017-51,463-
-6,93869,835-16,0955,336-35,8051,55514,510-3,22428,050-9,471-7,5185,131--6,776-107,194132,290-
291,339215,975167,30086,89332,2042,767-9,994-26,488112-38,465-89,994-104,007-468,635-364,683-295,991-199,456-280,203
72.2%63.7%59.3%53.5%44.5%48.3%52.6%48.3%39.6%34.0%20.9%16.7%13.4%9.6%8.7%21.5%24.2%
7.823.873.142.141.361.050.840.581.000.230.190.220.050.050.080.520.00
0.390.570.690.871.251.030.861.031.401.893.794.996.449.4710.453.653.13
9.4%6.3%14.0%15.9%13.9%10.3%13.1%11.8%13.4%33.5%74.9%86.2%94.5%112.7%64.4%70.7%33.3%
6.8%4.0%8.3%8.5%6.2%5.0%6.9%5.7%5.3%11.4%15.6%14.4%12.7%10.8%5.6%15.2%8.1%
34.3625.9733.3726.5718.21------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets----€126,012
€49,665€49,665€49,665€49,665€49,664

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on TOPS

The operating result for 2025 is 34% higher than in 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 36.3% to 27.8%. Equity is higher and debt is lower.

Next steps

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