TopWin
Annual accounts 2025
micro format, filed on 17-12-2025, 45 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €160,000 and €230,000.
Balance sheet
balance sheet total €235,233 on 30-06-2025in euro
in euro
Position in the sector
8.8%
Higher than 16% of 39,364 companies in 2025.
0.85
Higher than 19% of 38,048 companies in 2025.
34.2%
Higher than 75% of 38,520 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
235,233 | 246,938 | 240,866 | 240,084 | 273,378 | 222,283 | 139,194 | |
21/28 |
52,191 | 53,628 | 62,321 | 13,836 | 50,188 | 4,356 | 1,316 | |
22/27 |
32,191 | 43,628 | 52,321 | 3,836 | 40,188 | 4,356 | 1,316 | |
23 |
3,986 | 4,598 | 2,466 | 3,836 | 5,216 | 4,356 | 1,316 | |
24 |
28,205 | 39,030 | 49,855 | - | 34,973 | - | - | |
28 |
20,000 | 10,000 | 10,000 | 10,000 | 10,000 | - | - | |
29/58 |
183,042 | 193,310 | 178,545 | 226,248 | 223,190 | 217,928 | 137,878 | |
40/41 |
98,508 | 122,334 | 81,887 | 80,369 | 66,250 | 66,889 | 76,604 | |
40 |
62,558 | 70,830 | 25,739 | 41,884 | 45,277 | 50,438 | 45,484 | |
41 |
35,950 | 51,504 | 56,148 | 38,484 | 20,973 | 16,451 | 31,120 | |
54/58 |
83,840 | 68,477 | 95,480 | 145,410 | 154,631 | 150,634 | 61,274 | |
490/1 |
695 | 2,498 | 1,178 | 470 | 2,309 | 404 | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
235,233 | 246,938 | 240,866 | 240,084 | 273,378 | 222,283 | 139,194 | |
10/15 |
20,647 | 90,170 | 89,553 | 121,356 | 165,211 | 190,549 | 108,061 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 6,200 | 6,200 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | - | 1,860 | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | |
1311 |
- | - | - | - | 1,860 | - | - | |
133 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
14 |
187 | 69,710 | 69,093 | 100,896 | 150,951 | 176,289 | 93,801 | |
17/49 |
214,586 | 156,768 | 151,314 | 118,729 | 108,166 | 31,734 | 31,132 | |
42/48 |
214,586 | 156,768 | 151,314 | 118,729 | 108,166 | 31,734 | 31,132 | |
44 |
36,500 | 19,314 | 9,635 | 4,647 | 78 | 5,608 | 2,051 | |
440/4 |
36,500 | 19,314 | 9,635 | 4,647 | 78 | 5,608 | 2,051 | |
45 |
22,163 | 30,248 | 17,840 | 13,016 | 18,088 | 26,126 | 29,081 | |
450/3 |
22,163 | 30,248 | 17,840 | 13,016 | 18,088 | 23,126 | 29,081 | |
454/9 |
- | - | - | - | - | 3,000 | - | |
47/48 |
155,924 | 107,205 | 123,838 | 101,066 | 90,000 | - | - | |
| Income statement | ||||||||
9900 |
114,069 | 145,326 | 119,076 | 101,245 | 92,796 | 105,853 | 124,135 | |
62 |
1,597 | 1,749 | 1,722 | 1,756 | 1,770 | 635 | - | |
630 |
12,619 | 12,083 | 5,641 | 1,379 | 9,964 | 1,013 | 869 | |
640/8 |
487 | 484 | 348 | 348 | 55 | 55 | - | |
66A |
- | - | - | 34,973 | - | - | - | |
9901 |
99,365 | 131,009 | 111,366 | 62,789 | 81,007 | 104,150 | 123,266 | |
75/76B |
1,907 | 448 | 320 | 300 | 229 | 167 | 0 | |
75 |
1,907 | 448 | 320 | 300 | 229 | 167 | 0 | |
65/66B |
132 | 91 | 131 | 130 | 64 | 204 | 23 | |
65 |
132 | 91 | 131 | 130 | 64 | 204 | 23 | |
9903 |
101,139 | 131,366 | 111,554 | 62,960 | 81,173 | 104,114 | 123,243 | |
67/77 |
20,663 | 28,748 | 23,357 | 13,016 | 16,510 | 21,626 | 27,581 | |
9904 |
80,477 | 102,618 | 88,197 | 49,944 | 64,663 | 82,487 | 95,661 | |
9905 |
80,477 | 102,618 | 88,197 | 49,944 | 64,663 | 82,487 | 95,661 | |
| Appropriation of the result | ||||||||
9906 |
150,187 | 171,710 | 189,093 | 200,896 | 240,951 | 176,289 | 95,661 | |
14P |
69,710 | 69,093 | 100,896 | 150,951 | - | - | - | |
691/2 |
- | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | 1,860 | |
694/7 |
150,000 | 102,000 | 120,000 | 100,000 | 90,000 | - | - | |
694 |
150,000 | 102,000 | 120,000 | 100,000 | 90,000 | - | - | |
| Document | ||||||||
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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 17-12-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 17-12-2025 | 2025-00586479 | |
| 30-06-2024 | micro format | 03-12-2024 | 2024-00609786 | |
| 30-06-2023 | micro format | 28-11-2023 | 2023-00518348 | |
| 30-06-2022 | micro format | 28-11-2022 | 2022-20529125 | |
| 30-06-2021 | micro format | 03-12-2021 | 2021-79400209 | |
| 30-06-2020 | micro format | 30-11-2020 | 2020-73600033 | |
| 30-06-2019 | micro format | 06-01-2020 | 2020-00300010 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 111,984 | 143,092 | 117,007 | 64,169 | 90,971 | 105,163 | 124,135 | ||
| 93,095 | 114,700 | 93,838 | 51,324 | 74,626 | 83,500 | 96,531 | ||
| 11,182 | 3,389 | 54,126 | -34,973 | 55,796 | 4,053 | 2,185 | ||
| 15,363 | -27,003 | -49,929 | -9,221 | 3,997 | 89,361 | - | ||
| -31,544 | 36,542 | 27,231 | 107,519 | 115,023 | 186,193 | 106,746 | ||
| 8.8% | 36.5% | 37.2% | 50.5% | 60.4% | 85.7% | 77.6% | ||
| 0.85 | 1.23 | 1.18 | 1.91 | 2.06 | 6.87 | 4.43 | ||
| 10.39 | 1.74 | 1.69 | 0.98 | 0.65 | 0.17 | 0.29 | ||
| 389.8% | 113.8% | 98.5% | 41.2% | 39.1% | 43.3% | 88.5% | ||
| 34.2% | 41.6% | 36.6% | 20.8% | 23.7% | 37.1% | 68.7% | ||
| over 100 | over 100 | over 100 | over 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| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,182 | €3,389 | €54,126 | - |
| Financial fixed assets | €10,000 | - | - | - |
| €12,619 | €12,083 | €5,641 | €1,379 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on TopWin
The operating result for 2025 is 24% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 63.5% to 91.2%. Equity is lower and debt is higher.