TopWin
ActiveTopWin has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €80k. Equity is shrinking by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 16% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency34▼-28
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.85 against 1.23 in 2024; short-term debt: 91.2% and cash: 35.6% of total assets), and 91.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
8.8%
Return on assets
34.2%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 31662 sector peers (2025).
NBB · sector comparisonPosition among 31662 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-12-2025, 45 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
45 d early
2024
59 d early
2023
64 d early
2022
64 d early
2021
59 d early
2020
62 d early
2019
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▼ 77.1%
2024 · €90k
2019: €108k
2020: €191k
2021: €165k
2022: €121k
2023: €90k
2024: €90k
2019 → 2025
Total assets
€235k▼ 4.7%
2024 · €247k
2019: €139k
2020: €222k
2021: €273k
2022: €240k
2023: €241k
2024: €247k
2019 → 2025
Net result
€80k▼ 21.6%
2024 · €103k
2019: €96k
2020: €82k
2021: €65k
2022: €50k
2023: €88k
2024: €103k
2019 → 2025
Working capital
€-32k
2024 · €37k
2019: €107k
2020: €186k
2021: €115k
2022: €108k
2023: €27k
2024: €37k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€165k-€121k▼ 26.5%€90k▼ 26.2%€90k▲ 0.7%€21k▼ 77.1%
Operating result€81k-€63k▼ 22.5%€111k▲ 77.4%€131k▲ 17.6%€99k▼ 24.2%
Net result€65k-€50k▼ 22.8%€88k▲ 76.6%€103k▲ 16.4%€80k▼ 21.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235k
Fixed assets
€52k▼ 2.7%
Current assets
€183k▼ 5.3%
Equity and liabilities €235k
Equity
€21k▼ 77.1%
Debt
€215k▲ 36.9%
The debt ratio rises from 63.5% to 91.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€112k▼
2024 · €143k
Cash flow
€93k▼
2024 · €115k
Solvency
8.8%▼
2024 · 36.5%
Current ratio
0.85▼
2024 · 1.23
Quick ratio
0.85▼
2024 · 1.23
Debt / equity
10.39▲
2024 · 1.74
ROE
389.8%▲
2024 · 113.8%
ROA
34.2%▼
2024 · 41.6%
Interest coverage
845.61▼
2024 · 1574.51
Debt
€215k▲
2024 · €157k
Debt ≤ 1 year
€215k▲
2024 · €157k
Income taxes
€21k▼
2024 · €29k
Staff costs
€2k▼
2024 · €2k
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€247k€235k▼
Fixed assets21/28€54k€52k▼
Tangible fixed assets22/27€44k€32k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€39k€28k▼
Financial fixed assets28€10k€20k▲
Current assets29/58€193k€183k▼
Amounts receivable within one year40/41€122k€99k▼
Trade receivables40€71k€63k▼
Other amounts receivable41€52k€36k▼
Cash at bank and in hand54/58€68k€84k▲
Deferred charges and accrued income490/1€2k€695▼
Equity and liabilities
Total equity and liabilities10/49€247k€235k▼
Equity10/15€90k€21k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€70k€187▼
Amounts payable17/49€157k€215k▲
Amounts payable within one year42/48€157k€215k▲
Trade debts44€19k€36k▲
Suppliers440/4€19k€36k▲
Taxes, remuneration and social security45€30k€22k▼
Taxes450/3€30k€22k▼
Other amounts payable47/48€107k€156k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8€484€487▲
Gross operating margin9900€145k€114k▼
Operating profit (loss)9901€131k€99k▼
Financial income75/76B€448€2k▲
Recurring financial income75€448€2k▲
Financial charges65/66B€91€132▲
Recurring financial charges65€91€132▲
Profit (loss) for the period before taxes9903€131k€101k▼
Income taxes67/77€29k€21k▼
Profit (loss) for the period9904€103k€80k▼
Profit (loss) for the period to be appropriated9905€103k€80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€172k€150k▼
Profit (loss) brought forward from the previous period14P€69k€70k▲
Profit to be distributed694/7€102k€150k▲
Return on contributions (dividend)694€102k€150k▲
The notes to these accounts (7 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
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €103k ▲16.4%
Operating result €131k, net result €103k, both a record.
2023
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Weakest financial yearnet €50k ▼22.8%
Net result drops to €50k, the lowest in the series; recovery starts the following year.
2021
03-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €150kEq €191k ▲76.3%
2 profitable years in a row build equity to €191k.
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Nivelles · 1 establishment unit since 2018
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.
Rue Sainte-Barbe 35A1400 NivellesGround area
807 m²
Building footprint
199 m²
Volume, LiDAR
1,087 m³
2 parcels, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TopWin
since 20182.277.851.493
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25783E0261/00E004 | Wallonia | 621 m² | 1 · 199 m² | 7.2 m · 2 fl. |
| 25783E0261/00F004 | Wallonia | 186 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ELBA CONSULTING
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BAGOS
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ARKADY
BE 0890.864.133
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CD2ML
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 30,874 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-2018
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.