TopSign
ActiveTopSign has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €73k and a net result of €37k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 44% of 2464 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
94
/ 100
Excellent▲ +3 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency88▲+33
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.67 against 1.63 in 2023), but 56.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-06-2025, 58 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
61 d early
2022
55 d early
2021
28 d early
2020
31 d early
2019
37 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€73k▲ 103%
2023 · €36k
2018: €25k
2019: €45k
2020: €45k
2021: €35k
2022: €34k
2023: €36k
2018 → 2024
Total assets
€169k▲ 27.1%
2023 · €133k
2018: €60k
2019: €88k
2020: €86k
2021: €94k
2022: €86k
2023: €133k
2018 → 2024
Net result
€37k▲ 47.9%
2023 · €25k
2018: €7k
2019: €20k
2020: €191
2021: €11k
2022: €23k
2023: €25k
2018 → 2024
Working capital
€98k▲ 93.4%
2023 · €51k
2018: €27k
2019: €56k
2020: €58k
2021: €54k
2022: €49k
2023: €51k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€45k-€35k▼ 21.8%€34k▼ 2.8%€36k▲ 4.3%€73k▲ 103%
Operating result€328-€15k▲ 4,332%€29k▲ 102%€35k▲ 19.5%€53k▲ 50.1%
Net result€191-€11k▲ 5,507%€23k▲ 110%€25k▲ 10.9%€37k▲ 47.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 50% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €169k
Fixed assets
€11k▲ 1,297%
Current assets
€157k▲ 19.3%
Equity and liabilities €169k
Equity
€73k▲ 103%
Debt
€96k▼ 1.0%
The debt ratio falls from 73.0% to 56.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€55k▲
2023 · €36k
Cash flow
€40k▲
2023 · €26k
Solvency
43.2%▲
2023 · 27.0%
Current ratio
2.67▲
2023 · 1.63
Quick ratio
2.55▲
2023 · 1.48
Debt / equity
1.32▼
2023 · 2.70
ROE
50.8%▼
2023 · 69.8%
ROA
21.9%▲
2023 · 18.9%
Interest coverage
26.72▼
2023 · 33.29
Debt
€96k▼
2023 · €97k
Debt ≤ 1 year
€59k▼
2023 · €81k
Debt > 1 year
€35k▲
2023 · €15k
Income taxes
€14k▲
2023 · €9k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€133k€169k▲
Fixed assets21/28€818€11k▲
Tangible fixed assets22/27€818€11k▲
Plant, machinery and equipment23€818€11k▲
Current assets29/58€132k€157k▲
Stocks and contracts in progress3€12k€7k▼
Stocks30/36€12k€7k▼
Amounts receivable within one year40/41€42k€52k▲
Trade receivables40€42k€51k▲
Other amounts receivable41€305€305=
Cash at bank and in hand54/58€75k€99k▲
Deferred charges and accrued income490/1€3k€113▼
Equity and liabilities
Total equity and liabilities10/49€133k€169k▲
Equity10/15€36k€73k▲
Contributions10/11€19k€19k=
Reserves13€17k€54k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€17k€54k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€97k€96k▼
Amounts payable after more than one year17€15k€35k▲
Financial debts170/4€15k€35k▲
Amounts payable within one year42/48€81k€59k▼
Trade debts44€12k€5k▼
Suppliers440/4€12k€5k▼
Taxes, remuneration and social security45€24k€34k▲
Taxes450/3€23k€34k▲
Remuneration and social security454/9€1k€0▼
Other amounts payable47/48€45k€19k▼
Accrued charges and deferred income492/3€855€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€520€3k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€1k€679▼
Gross operating margin9900€37k€58k▲
Operating profit (loss)9901€35k€53k▲
Financial income75/76B€174€0▼
Recurring financial income75€174€0▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€34k€51k▲
Income taxes67/77€9k€14k▲
Profit (loss) for the period9904€25k€37k▲
Profit (loss) for the period to be appropriated9905€25k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€37k▲
Transfer from equity791/2€0-
Transfer to equity691/2€1k€37k▲
To other reserves6921€1k€37k▲
Profit to be distributed694/7€24k€0▼
Return on contributions (dividend)694€24k€0▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €37k ▲47.9%
Operating result €53k, net result €37k, both a record.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €191 ▼99%
Net result drops to €191, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 1 establishment unit since 2017
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.
Jean Jaurèslaan 1089050 GentGround area
454 m²
Building footprint
98 m²
Volume, LiDAR
984 m³
Parcel 44363B0490/00C005, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TopSign
since 20172.269.580.165
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44363B0490/00C005 | Flanders | 454 m² | 1 · 98 m² | 13.7 m · 3 fl. |
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.
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Of 1,984 companies in sector 90120 we hold annual accounts for 208. 156 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-11-2017
Fiscal year end31-12
Activities, NACEBEL
90032Arts creation and performing arts activities
90120Visual arts creation
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.