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TopTech Engineering

Active Private limited companyfounded 2018active for 7 yearsBeysstraat 68, 1770 LiedekerkeKBO/BCE: BE 0716.655.202

Overview

Lifetime

7 annual accounts with figures on one time axis
peak €69,800 (2024)
€27,658▼ 60.4%
peak €37,371 (2024)
€1,038▼ 97.2%
peak €124,771 (2025)
€124,771▲ 0.8%
€111,455▼ 66.1%
Board2 names since 2018
1 directorKOTSARIDIS JORDAN
Documentsfilings and deeds
04-08-20264 days late
2025micro format
Gross margin from €69,800 to €27,658Result from €37,371 to €1,038Debts from €328,366 to €111,455Cash from €99,161 to €33,692

Key points

from the 2025 annual accounts

Equity

€124,771 ▲ 0.8%

TopTech Engineering has made a profit in every financial year since 2019.

Turnover

≈ €84,000 estimated

The micro format states no turnover.

Filings

7 annual accounts 7 late
AprilJune31 JulyOctober202020222024

The 2022 accounts came latest: 120 days after the end of the period.

Checked score

89
Excellent
Financially stronger than 36% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025highest value 09-2025: 0.1%▼ -0.3 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.2 percentage points vs 07-2026 09-2026: 0.2%▼ -0.1 percentage points vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Strong

78+26equity 52.8% of total assets
45+7short-term debt 47.2% · cash 14.3%
63-16return on assets 0.4%

Score breakdown

raises risk
Last filed accounts filed 4 days late; 1 of the last 3 accounts late
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Liquidity: current ratio 1.95, cash €33,692, halved
Size: total assets €236,227
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 50% of them on solvency, 24% on liquidity, 26% on profitability and 42% on growth.

The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 5,047 companies had the same profile as TopTech Engineering has now. Each dot stands for 13 companies, two years later.

94.0%
were still trading
3.8%
stopped another way
2.2%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet

The bankruptcy probability of TopTech Engineering itself is lower: 0.2% within 12 months. It rests on far more data about TopTech Engineering than the profile alone.

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 5,047 companies, not a prediction for TopTech Engineering. 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

Credit of up to €11,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.95 (1.28 in 2024), above the usual 1.5. Short-term debt is 47.2% and cash 14.3% of total assets. 47.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

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

Signals

Five signals.
lowers riskraises risk
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
raises risk · Last filed accounts filed 4 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Liquidity: current ratio 1.95, cash €33,692, halved
NBB · annual accounts
lowers risk · Size: total assets €236,227
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 2025 accounts filed 4 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filings
Deviation from the deadline
2025
4 days late
2024
28 days late
2023
63 days late
2022
120 days late
2021
22 days late
2020
94 days late
2019
66 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 57 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (4 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

KJ
KOTSARIDIS JORDAN
Director, since 19-12-2018
  • KOTSARIDIS Jordanis 100 sharesdeed of 21-12-2018
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0716655202
Resignation: KOTSARIDIS Jordanis (manager) Reappointment: KOTSARIDIS Jordanis (director) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 08-12-2023 · Gazette deed
First establishment Beysstraat 68, Liedekerke
Incorporation Founding capital of €18,600, 100 shares, €12,400 paid up · Founder: KOTSARIDIS Jordanis (comparant) · Appointment: KOTSARIDIS Jordanis (sole manager) · published on 21-12-2018 · Gazette deed
All 15 events

Comparable companies

same main activity, similar in size and age
Company
TopTech Engineering Liedekerke €236,227 €27,658 52.8% -
LL Engineering Beerse €234,009 €28,255 83.0% -
S2P La Louvière €238,701 €31,547 81.4% -
absop Izegem €212,208 €25,131 66.5% -
RENIPRO Huldenberg €224,186 €39,385 22.8% -
BELABE-Stabiliteit Geetbets €156,914 €26,224 92.1% -
ATLINE Drogenbos €195,245 €34,976 53.3% -

These companies have the same main activity as TopTech Engineering: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €157,000 and €239,000, founded between 2016 and 2019.

Official details

Source: KBO
Status
Active since 19-12-2018Normal situation
Activity
Engineering and related technical consultancy, excluding land surveyorsNACE 71121
Establishment unit
2.283.310.1201770 Liedekerke, since 01-01-2019
Financial year end
31 December
Peppol
Reachable since 05-12-2025
Company details

Annual accounts 2025

€27,658▼ 60.4%
€1,038▼ 97.2%
€124,771▲ 0.8%
€236,227▼ 47.7%
Filing
Filed on 04-08-2026
Financials

Insights on TopTech Engineering

TopTech Engineering files the micro format. That format states no turnover. The gross margin rose from €14,205 in 2019 to €27,658 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 04-08-2026, 4 days late
€27,658
▼ 60.4%
€8,062
▼ 85.9%
€1,038
▼ 97.2%
€106,027
▲ 15.5%
52.8%
▲ 25.4 percentage points
1.95
▲ 0.67

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

Turnover ≈ €84,000. Estimated: probably between €55,000 and €110,000.

Balance sheet

balance sheet total €236,227 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

52.8%

Higher than 49% of 11,794 companies in 2025.

1.95

Higher than 47% of 11,521 companies in 2025.

0.4%

Higher than 21% of 11,605 companies in 2025.

TopTech Engineering Middle half of the sector 80% of the sector Micro accounts in architecture and engineering (NACE 71)

Net result: bottom quarter · 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 Trend2025202420232022202120202019
Balance sheet: assets
20/58 236,227452,099138,298117,68264,25340,78426,777
21/28 18,74431,9254,8377,9426,0193,7233,091
22/27 18,74431,9254,8377,9426,0193,7233,091
23 8081,8913,6845,7562,7103,7233,091
24 17,93630,0331,1532,1863,309--
29/58 217,483420,175133,462109,74058,23437,06123,686
40/41 183,497321,013106,192101,16046,18632,17723,686
40 93,517219,29093,79291,54617,2896,77623,038
41 89,980101,72312,4009,61428,89725,401648
54/58 33,69299,16127,2708,58012,0484,884-
490/1 293------
Balance sheet: equity and liabilities
10/49 236,227452,099138,298117,68264,25340,78426,777
10/15 124,771123,73486,36265,53853,84330,40112,811
10/11 18,60018,60018,6006,2006,2006,2006,200
10 ---6,2006,200--
100 ---18,60018,60018,60018,600
101 ---12,40012,40012,40012,400
13 102,811101,77364,40255,97744,28220,840-
130/1 1,8601,8601,8601,8601,860--
1311 1,8601,8601,8601,8601,860--
133 100,95199,91362,54254,11742,42220,840-
14 3,3613,3613,3613,3613,3613,3616,611
17/49 111,455328,36651,93652,14410,41010,38313,966
42/48 111,455328,36634,25652,14410,41010,38313,966
43 ------1,253
430/8 ------1,253
44 81,015263,3413,18127,9003,064785-
440/4 81,015263,3413,18127,9003,064785-
45 30,44041,93124,43524,2447,3469,5984,302
450/3 28,44041,93123,43524,2447,3469,5984,302
454/9 2,000-1,000----
47/48 -23,0946,641---8,411
492/3 --17,680----
Income statement
9900 27,65869,80022,37031,12132,67432,28414,205
62 ---3,666---
630 5,9809,4523,1052,4121,2682,9102,572
640/8 13,6163,0592,3312,1662,1341,6294,915
9901 8,06257,28916,93422,87729,27227,7456,718
75/76B 4,474---1,7262,710-
75 4,474---1,7262,710-
65/66B 2,6631,273145726656107
65 2,6631,273145726656107
9903 9,87356,01516,78922,80530,93230,3996,611
67/77 8,83618,6448,36511,1107,4909,558-
9904 1,03837,3718,42511,69523,44220,8416,611
9905 1,03837,3718,42511,69523,44220,8416,611
Appropriation of the result
9906 4,39840,73211,78515,05626,80324,2026,611
14P 3,3613,3613,3613,3613,361--
691/2 1,03837,3718,42511,69523,44220,841-
691 --8,425----
6920 ----1,860--
6921 1,03837,371-11,69521,58220,841-
Document PDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 7 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 04-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 4 days after the deadline. Filed on 4 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00378588.

Financial year Type Filed Reference Document
31-12-2025 micro format 04-08-2026 2026-00378588 PDF
31-12-2024 micro format 28-08-2025 2025-00421855 PDF
31-12-2023 micro format 02-10-2024 2024-00489619 PDF
31-12-2022 micro format 28-11-2023 2023-00517205 PDF
31-12-2021 micro format 22-08-2022 2022-20302836 PDF
31-12-2020 micro format 02-11-2021 2021-75900203 PDF
31-12-2019 micro format 05-10-2020 2020-59000292 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019
14,04266,74120,03925,28930,54030,6559,290
7,01846,82311,52914,10724,71023,7519,183
7,98136,540-04,3353,5643,5425,663
-65,46971,89118,690-3,4687,164--
106,02791,80999,20657,59647,82426,6789,720
52.8%27.4%62.4%55.7%83.8%74.5%47.8%
1.951.283.902.105.593.571.70
0.892.650.600.800.190.341.09
0.8%30.2%9.8%17.8%43.5%68.6%51.6%
0.4%8.3%6.1%9.9%36.5%51.1%24.7%
5.2752.41over 100over 100over 100--

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€7,981€36,540-€4,335€3,564
€5,980€9,452€3,105€2,412€1,268

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

Insights on TopTech Engineering

The operating result for 2025 is 86% lower than in 2024 and the lowest since 2019.

Debt's share of the balance-sheet total falls from 72.6% to 47.2%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, no change since 2023
KOTSARIDIS JORDAN
Director
since 19-12-2018
listed in the 2025 annual accounts, filed on 04-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 12-12-2023

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
KOTSARIDIS JORDAN
Director
BoardEarlier
Mandates as a list
  • KOTSARIDIS JORDAN
    • Director, from 19-12-2018 to date
  • KOTSARIDIS Jordanis
    • Sole manager, appointed by deed of 21-12-2018, until 12-12-2023

See the board, name and registered office on a given date →

Control

This company
TopTech Engineering
Equity €124,771
Profit €1,038 in 2025

Capital

Contribution
€18,600
Shares
100
Contribution per share
€186
Equity per share
€1,248 in 2025
Source
2025 annual accounts

Articles of association

Name, seat, purpose and duration
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-12-2023 (in Dutch)
Board and representation
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
deed of 12-12-2023 (in Dutch)
Capital, shares and profit
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Helft overdrager en helft kopers naar rato verkregen aandelen, erfgenamen en legatarissen die niet automatisch aandeelhouder worden zelfde…”
deed of 12-12-2023 (in Dutch)
Share issue ruleThe articles set how and by whom new shares are issued.
“Ten minste vijftien dagen, nieuwe aandelen in geld eerst aan bestaande aandeelhouders naar evenredigheid bezit”
deed of 12-12-2023 (in Dutch)
General meeting and financial year
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Monday of June at 18:00
deed of 12-12-2023 (in Dutch)
Audit, dissolution and liquidation
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
No statutory auditor
deed of 21-12-2018 (in Dutch)
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Ontbinding om welke reden en op welk ogenblik ook, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen”
deed of 12-12-2023 (in Dutch)

Shareholders

At incorporation deed of 21-12-2018 ↗

Capital transactions

Capital over time
  1. 12-12-2023 Converted to available equity
  2. 21-12-2018 Incorporation · €18,600 · 100 shares

Network & group

No group

TopTech Engineering has no parent and no holdings in its annual accounts. KOTSARIDIS JORDAN is the only director. TopTech Engineering shares no director with another company.

Timeline

Timeline

15 events since 2018

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 4 days late
2025
Weakest financial year net €1,038 ▼97.2% The net result drops to €1,038, the lowest from 2019 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0716655202
Annual accounts 2024 filed PDFmicro format · 28 days late
2024
Highest result from 2019 to 2025 net €37,371 ▲344% The operating result of €57,289 and the net result of €37,371 are both a record.
Equity above €100,000 equity €123,734 ▲43.3% With a profit in every financial year since 2019, equity grows to €123,734.
Annual accounts 2023 filed PDFmicro format · 63 days late
2023
Resignation: KOTSARIDIS Jordanis (manager)Reappointment: KOTSARIDIS Jordanis (director) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 08-12-20235 points ▸
  • Director resignation, KOTSARIDIS Jordanis (manager)
  • Director reappointment, KOTSARIDIS Jordanis (director (not named in the articles))
  • General meeting, 08-12-2023
  • 100 shares
  • Legal-form conversion, from private limited company (pre-2019) to private limited company
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · 120 days late
2022
Annual accounts 2021 filed PDFmicro format · 22 days late
2021
Annual accounts 2020 filed PDFmicro format · 94 days late
2020
Liquidity more than doubled current ratio 3.57 The current ratio rises from 1.70 to 3.57. Short-term debt falls from €13,966 to €10,383.
Annual accounts 2019 filed PDFmicro format · 66 days late
2019
First establishment Beysstraat 68, Liedekerke
2018
IncorporationFounding capital of €18,600, 100 shares, €12,400 paid up · Founder: KOTSARIDIS Jordanis (comparant) · Appointment: KOTSARIDIS Jordanis (sole manager) · published on 21-12-20184 points ▸
  • Founder, KOTSARIDIS Jordanis (comparant)
  • Founding capital, €18,600, 100 shares
  • Capital, €18,600, 100 shares
  • Director appointment, KOTSARIDIS Jordanis (sole manager)
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 19 December 2018, TopTech Engineering was incorporated by one natural person, with a starting capital of €18,600.12 KOTSARIDIS JORDAN has served as director since 2018.3 Total assets went from €26,777 in 2019 to €236,227 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 21-12-2018
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0716.655.202
VAT number
BE 0716.655.202
Peppol ID
0208:0716655202
Legal form
Private limited company
Status
Active, normal situation
Founded
19-12-2018
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Monday of June at 18:00
deed of 12-12-2023 (in Dutch)
Peppol
Reachable since 05-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
TopTech Engineering in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-12-2023 (in Dutch)
Name clauseThe company operates under this name according to its articles.
TopTech Engineering
deed of 12-12-2023 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
71121 Engineering activities main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“De uitbating van een studiebureau inzake ingenieurswetenschappen; Het schoonmaken en het onderhoud van onroerende goederen, het schoonmaken…”
6 activities
  1. De uitbating van een studiebureau inzake ingenieurswetenschappen;
  2. Het schoonmaken en het onderhoud van onroerende goederen, het schoonmaken van vensters en van bureaus, kleine bureauwerkjes, interimdiensten, onderaanneming;
  3. De levering van brieven en pakketten;
  4. Algemeen onderhoud van gebouwen, schilderwerk, metselwerk, elektriciteit, dakbedekking, algemene ondernemingswerken;
  5. Leveren van elke dienst of prestatie ten voordele van private of commerciële klanten;
  6. Personen- en koopwarentransport
deed of 12-12-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Beysstraat 68 registered office 1770 Liedekerke 01-01-2019 2.283.310.120

Buildings and parcels at the address

Ground area
153 m²
Buildings
64 m²
Volume, LiDAR
536 m³
Tallest building
11.5 m
Buildings to scale, each on its own parcel
63 m², 11.5 m 63 m², 11.5 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
23762D1144/00B002153 m² 1 · 63 m² 11.5 m · 3