Tops Services
ActiveSummary
Tops Services has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4,518 and a net result of €9,626. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 980 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+9
Solvency32▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Three signals. The signal on the left, the evidence on the right.
+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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 980 sector peers (2025).
NBB · sector comparisonPosition among 980 sector peers
Solvency
better than 20%
← 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 03-07-2026, 28 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
28 d early
2024
29 d late
2023
on the day
2022
11 d early
2021
11 d early
2020
5 d early
2019
5 d late
← 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 3 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% 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 20 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€4,518▲ 184%
2024 · €1,593
Total assets
€61,161▼ 1.6%
2024 · €62,124
Net result
€9,626▲ 86.9%
2024 · €5,149
Working capital
€1,608
2024 · -€182
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€11,088▼ 365%€6,595€20,388▲ 209%€6,507▼ 68.1%€15,528▲ 139%
Net result-€13,176below the sector's middle half▼ 185%€4,284within the sector's middle half€16,608within the sector's middle half▲ 288%€5,149within the sector's middle half▼ 69.0%€9,626within the sector's middle half▲ 86.9%
Equity-€24,448below the sector's middle half▼ 117%-€20,165below the sector's middle half▲ 17.5%-€3,557below the sector's middle half▲ 82.4%€1,593below the sector's middle half€4,518below the sector's middle half▲ 184%
Total assets€89,589within the sector's middle half▼ 5.8%€74,361within the sector's middle half▼ 17.0%€75,417within the sector's middle half▲ 1.4%€62,124below the sector's middle half▼ 17.6%€61,161below the sector's middle half▼ 1.6%
Debt€114,037▲ 7.2%€94,525▼ 17.1%€78,974▼ 16.5%€60,531▼ 23.4%€56,642▼ 6.4%
Working capital-€26,111below the sector's middle half▼ 638%-€21,794below the sector's middle half▲ 16.5%-€5,380within the sector's middle half▲ 75.3%-€182within the sector's middle half▲ 96.6%€1,608within the sector's middle half
Solvency-27.3%below the sector's middle half▼ 15.4pp-27.1%below the sector's middle half▲ 0.2pp-4.7%below the sector's middle half▲ 22.4pp2.6%below the sector's middle half▲ 7.3pp7.4%below the sector's middle half▲ 4.8pp
Current ratio0.32below the sector's middle half▼ 0.490.31below the sector's middle half▼ 0.010.81below the sector's middle half▲ 0.500.99within the sector's middle half▲ 0.181.05within the sector's middle half▲ 0.06
Return on assets (ROA)-14.7%below the sector's middle half▼ 9.8pp5.8%within the sector's middle half▲ 20.5pp22.0%above the sector's middle half▲ 16.3pp8.3%within the sector's middle half▼ 13.7pp15.7%within the sector's middle half▲ 7.4pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 139% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61,161
Fixed assets
€26,844 ▼ 31.9%
Current assets
€34,317 ▲ 51.0%
Equity and liabilities €61,161
Equity
€4,518 ▲ 184%
Debt
€56,642 ▼ 6.4%
Debt's share of the balance-sheet total falls from 97.4% to 92.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28,082▲
2024 · €19,060
Cash flow
€22,179▲
2024 · €17,703
Debt to equity
12.54▼
2024 · 38.00
ROE
213.0%▼
2024 · 323.3%
Interest coverage
22.38▲
2024 · 12.93
Debt ≤ 1 year
€32,709▲
2024 · €22,907
Debt > 1 year
€23,934▼
2024 · €37,149
Income taxes
€5,242▲
2024 · €232
Staff costs
€14,885▲
2024 · €5,741
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,325 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.4%
went bankrupt
3.2%
stopped otherwise
95%
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 1.0% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,325 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €6,700 | - |
| Remuneration, social security and pensions62 | €7,071 | €22,708 | €13,324 | €5,741 | €14,885 | ▲ 159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,936 | €12,554 | €12,554 | €12,554 | €12,554 | = |
| Other operating charges640/8 | €1,684 | €1,581 | €2,458 | €2,323 | €2,043 | ▼ 12.1% |
| Gross operating margin9900 | €8,603 | €43,438 | €48,724 | €27,124 | €45,010 | ▲ 65.9% |
| Operating profit (loss)9901 | -€11,088 | €6,595 | €20,388 | €6,507 | €15,528 | ▲ 139% |
| Financial income75/76B | €1 | €0 | €0 | €349 | €595 | ▲ 70.6% |
| Recurring financial income75 | €1 | €0 | €0 | €349 | €595 | ▲ 70.6% |
| Financial charges65/66B | €1,942 | €1,908 | €1,696 | €1,474 | €1,255 | ▼ 14.9% |
| Recurring financial charges65 | €1,942 | €1,908 | €1,696 | €1,474 | €1,255 | ▼ 14.9% |
| Profit (loss) for the period before taxes9903 | -€13,029 | €4,687 | €18,692 | €5,382 | €14,868 | ▲ 176% |
| Income taxes67/77 | €148 | €403 | €2,084 | €232 | €5,242 | ▲ 2,159% |
| Profit (loss) for the period9904 | -€13,176 | €4,284 | €16,608 | €5,149 | €9,626 | ▲ 86.9% |
| Profit (loss) for the period to be appropriated9905 | -€13,176 | €4,284 | €16,608 | €5,149 | €9,626 | ▲ 86.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89,589 | €74,361 | €75,417 | €62,124 | €61,161 | ▼ 1.6% |
| Fixed assets21/28 | €77,060 | €64,506 | €51,952 | €39,398 | €26,844 | ▼ 31.9% |
| Tangible fixed assets22/27 | €77,060 | €64,506 | €51,952 | €39,398 | €26,844 | ▼ 31.9% |
| Land and buildings22 | €39,491 | €34,243 | €28,995 | €23,747 | €18,499 | ▼ 22.1% |
| Plant, machinery and equipment23 | €29,533 | €24,236 | €18,939 | €13,642 | €8,346 | ▼ 38.8% |
| Furniture and vehicles24 | €8,036 | €6,027 | €4,018 | €2,009 | €0 | ▼ 100% |
| Current assets29/58 | €12,529 | €9,855 | €23,465 | €22,726 | €34,317 | ▲ 51.0% |
| Amounts receivable within one year40/41 | - | €4,833 | €3,763 | €9,626 | €15,161 | ▲ 57.5% |
| Trade receivables40 | - | €4,833 | €0 | - | €2,826 | - |
| Other amounts receivable41 | - | - | €3,763 | €9,626 | €12,335 | ▲ 28.1% |
| Cash at bank and in hand54/58 | €12,529 | €5,021 | €19,703 | €13,100 | €19,156 | ▲ 46.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89,589 | €74,361 | €75,417 | €62,124 | €61,161 | ▼ 1.6% |
| Equity10/15 | -€24,448 | -€20,165 | -€3,557 | €1,593 | €4,518 | ▲ 184% |
| Contributions10/11 | €8,184 | €8,184 | €8,184 | €8,184 | €8,184 | = |
| Capital10 | €8,184 | €8,184 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €10,416 | €10,416 | - | - | - | - |
| Reserves13 | €14,230 | €14,230 | €30,838 | €28,978 | €31,904 | ▲ 10.1% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | €12,370 | €12,370 | €6,700 | €28,978 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | €22,278 | €0 | €31,904 | - |
| Profit (loss) carried forward14 | -€46,862 | -€42,579 | -€42,579 | -€35,569 | -€35,569 | = |
| Amounts payable17/49 | €114,037 | €94,525 | €78,974 | €60,531 | €56,642 | ▼ 6.4% |
| Amounts payable after more than one year17 | €75,397 | €62,876 | €50,128 | €37,149 | €23,934 | ▼ 35.6% |
| Financial debts170/4 | €75,397 | €62,876 | €50,128 | €37,149 | €23,934 | ▼ 35.6% |
| Amounts payable within one year42/48 | €38,640 | €31,649 | €28,846 | €22,907 | €32,709 | ▲ 42.8% |
| Current portion of amounts payable after more than one year42 | €12,298 | €12,521 | €12,748 | €12,980 | €13,215 | ▲ 1.8% |
| Trade debts44 | €11,988 | €1,040 | €999 | €915 | €2,605 | ▲ 185% |
| Suppliers440/4 | €11,988 | €1,040 | €999 | €915 | €2,605 | ▲ 185% |
| Taxes, remuneration and social security45 | €4,647 | €10,074 | €10,299 | €4,213 | €12,089 | ▲ 187% |
| Taxes450/3 | €1,729 | €3,515 | €4,358 | €3,494 | €6,572 | ▲ 88.1% |
| Remuneration and social security454/9 | €2,917 | €6,559 | €5,941 | €718 | €5,517 | ▲ 668% |
| Other amounts payable47/48 | €9,707 | €8,014 | €4,800 | €4,800 | €4,800 | = |
| Accrued charges and deferred income492/3 | - | - | - | €475 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,176 | €4,284 | €16,608 | €5,149 | €9,626 | ▲ 86.9% |
| + Depreciation and write-downs630 | €10,936 | €12,554 | €12,554 | €12,554 | €12,554 | = |
| Operating cash flow (approximation) | -€2,241 | €16,838 | €29,162 | €17,703 | €22,179 | ▲ 25.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€7,508 | €14,681 | -€6,603 | €6,056 | ▲ 192% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €16,608 ▲288%
Operating result €20,388, net result €16,608, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4,284
Net result €4,284 after 4 loss-making years.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 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, Meerhout · 1 establishment unit since 2016
Ground area
758 m²
Building footprint
126 m²
Volume, LiDAR
622 m³
Parcel 13021A1208/00A002, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tops Services
since 20162.258.373.004
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13021A1208/00A002 | Flanders | 758 m² | 1 · 126 m² | 6.7 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 1,725 companies in sector 52210 we hold annual accounts for 774. 230 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
Founded21-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
52210Service activities incidental to land transportation
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95315Tyre services
95319Other maintenance and repair of motor vehicles
70200Business and other management consultancy
77110Renting and leasing of cars and light motor vehicles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0662801295
Registered
15-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.