TOPS - SCHAUT
ActiveTOPS - SCHAUT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €224k and a net result of €73k. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 7778 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-12
Solvency47▲+2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.6 in 2024; short-term debt: 60.2% and cash: 20% of total assets), and 78.5% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
21.5%
Return on assets
7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 7778 sector peers (2025).
NBB · sector comparisonPosition among 7778 sector peers
Solvency
better than 22%
← weakest
strongest →
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
70 d early
2023
1 d early
2022
31 d early
2021
12 d early
2020
29 d early
2019
27 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€224k▼ 17.8%
2024 · €272k
2018: €447k
2019: €696k
2020: €645k
2021: €657k
2022: €673k
2023: €675k
2024: €272k
2018 → 2025
Total assets
€1.04M▼ 23.0%
2024 · €1.35M
2018: €1.01M
2019: €1.03M
2020: €1.27M
2021: €1.70M
2022: €1.95M
2023: €2.16M
2024: €1.35M
2018 → 2025
Net result
€73k▼ 67.7%
2024 · €227k
2018: €175k
2019: €248k
2020: €224k
2021: €212k
2022: €274k
2023: €73k
2024: €227k
2018 → 2025
Working capital
€185k▼ 51.0%
2024 · €378k
2018: €154k
2019: €462k
2020: €451k
2021: €423k
2022: €-21k
2023: €723k
2024: €378k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€657k-€673k▲ 2.4%€675k▲ 0.4%€272k▼ 59.7%€224k▼ 17.8%
Operating result€282k-€362k▲ 28.2%€102k▼ 71.8%€311k▲ 205%€132k▼ 57.7%
Net result€212k-€274k▲ 28.9%€73k▼ 73.4%€227k▲ 213%€73k▼ 67.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.04M
Fixed assets
€229k▼ 32.5%
Current assets
€812k▼ 19.8%
Equity and liabilities €1.04M
Equity
€224k▼ 17.8%
Debt
€816k▼ 24.3%
The debt ratio falls from 79.8% to 78.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€168k▼
2024 · €356k
Cash flow
€110k▼
2024 · €271k
Solvency
21.5%▲
2024 · 20.2%
Current ratio
1.30▼
2024 · 1.60
Quick ratio
0.89▼
2024 · 1.00
Debt / equity
3.64▼
2024 · 3.96
ROE
32.7%▼
2024 · 83.4%
ROA
7.0%▼
2024 · 16.8%
Interest coverage
7.81▼
2024 · 19.79
Debt
€816k▼
2024 · €1.08M
Debt ≤ 1 year
€627k▼
2024 · €634k
Debt > 1 year
€71k▼
2024 · €121k
Income taxes
€37k▼
2024 · €86k
Staff costs
€727k▼
2024 · €747k
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€1.35M€1.04M▼
Fixed assets21/28€339k€229k▼
Intangible fixed assets21€177k€155k▼
Tangible fixed assets22/27€162k€74k▼
Land and buildings22€122k€17k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€31k€51k▲
Other tangible fixed assets26€6k€4k▼
Current assets29/58€1.01M€812k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€376k€254k▼
Stocks30/36€376k€254k▼
Amounts receivable within one year40/41€352k€346k▼
Trade receivables40€321k€155k▼
Other amounts receivable41€30k€192k▲
Cash at bank and in hand54/58€268k€208k▼
Deferred charges and accrued income490/1€16k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.04M▼
Equity10/15€272k€224k▼
Contributions10/11€19k€10k▼
Reserves13€19k€11k▼
Non-distributable reserves130/1€19k-
Reserves not available under the articles1311€19k-
Distributable reserves133€0€11k▲
Profit (loss) carried forward14€234k€203k▼
Amounts payable17/49€1.08M€816k▼
Amounts payable after more than one year17€121k€71k▼
Financial debts170/4€121k€71k▼
Amounts payable within one year42/48€634k€627k▼
Current portion of amounts payable after more than one year42€61k€38k▼
Financial debts43€145k€175k▲
Credit institutions430/8€145k€175k▲
Trade debts44€413k€391k▼
Suppliers440/4€413k€391k▼
Taxes, remuneration and social security45€16k€24k▲
Taxes450/3€0-
Remuneration and social security454/9€16k€24k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€323k€119k▼
Income statement
Code20242025
Remuneration, social security and pensions62€747k€727k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€37k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€15k€61k▲
Gross operating margin9900€1.12M€957k▼
Operating profit (loss)9901€311k€132k▼
Financial income75/76B€19k€2▼
Recurring financial income75€19k€2▼
Financial charges65/66B€18k€22k▲
Recurring financial charges65€18k€22k▲
Profit (loss) for the period before taxes9903€313k€110k▼
Income taxes67/77€86k€37k▼
Profit (loss) for the period9904€227k€73k▼
Profit (loss) for the period to be appropriated9905€227k€73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€460k€203k▼
Profit (loss) brought forward from the previous period14P€233k€130k▼
Transfer from equity791/2€405k€0▼
Profit to be distributed694/7€630k€0▼
Return on contributions (dividend)694€630k€0▼
Social balance
Average headcount (FTE)908710.811.1▲
The notes to these accounts (24 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-08
State Gazette act
General meeting · Demerger
Accounting effect · Real estate · Marie-Ghislaine Brosens
06-06
State Gazette act
Demerger · Real estate
Share issue · Capital increase
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €73k ▼73.4%
Net result drops to €73k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €274k ▲28.9%
Net result €274k, the highest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 2.95
Current ratio from 1.33 to 2.95; short-term debt falls from €461k to €237k.
31-12
Financial
Equity above €500kEq €696k ▲55.5%
2 profitable years in a row build equity to €696k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 2 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Herentals · 1 establishment unit since 1994
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.
Noordervaart(HRT) 232200 HerentalsGround area
3,160 m²
Building footprint
966 m²
Parcel 13302C0364/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
Noordervaart(HRT) 23, 2200 Herentals
since 19942.066.184.429
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302C0364/00F000 | Flanders | 3,160 m² | 1 · 966 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Acquisitions and mergers
1 transactionContributed a business line to:NOBEL
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 5,527 EUR awarded · 5,527 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 750 EUR | 750 EUR |
| 2024 | 2 | 4,133 EUR | 4,133 EUR |
| 2023 | 1 | 432 EUR | 432 EUR |
| 2022 | 1 | 212 EUR | 212 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
3 categoriesTOPS - SCHAUT BV30566
Similar companies · same sector, comparable size
SCHRIJNWERKERIJ LOGGHE
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BE 0652.985.984
Lokeren · Eq €224k
E.C. De Schepper
BE 0406.933.212
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Feralu
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ACCARDO
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Seraing · Eq €225k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,137. 7,288 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-03-1994
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
45422
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@topsschaut.be
Phone:014/261267
Fax:014/267606