TOP BIZ
ActiveTOP BIZ has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111k and a net result of €20k. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 11238 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+79
Solvency74▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.29 against 2.55 in 2024; short-term debt: 33.2% and cash: 29.2% of total assets), but 50.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
49.4%
Return on assets
8.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
41 d late
2024
25 d late
2023
24 d late
2022
64 d late
2021
52 d late
2020
23 d late
2019
56 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€956k
EBIT margin
3.1%
Net result
€20k
2024 · €-27k
2018: €1k
2019: €2k
2020: €30k
2021: €8k
2022: €14k
2023: €45k
2024: €-27k
2018 → 2025
Working capital
€97k▲ 21.6%
2024 · €79k
2018: €12k
2019: €29k
2020: €62k
2021: €59k
2022: €49k
2023: €103k
2024: €79k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€73k▲ 23.1%€118k▲ 61.8%€92k▼ 22.6%€111k▲ 21.5%
Operating result€10k-€18k▲ 80.4%€51k▲ 179%€-21k€34k
Net result€8k-€14k▲ 74.6%€45k▲ 229%€-27k€20k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €34k after a loss of €21k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €225k
Fixed assets
€54k▼ 11.8%
Current assets
€171k▲ 31.1%
Equity and liabilities €225k
Equity
€111k▲ 21.5%
Debt
€114k▲ 13.6%
The debt ratio falls from 52.3% to 50.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€48k▲
2024 · €-18k
Cash flow
€33k▲
2024 · €-24k
Solvency
49.4%▲
2024 · 47.7%
Current ratio
2.29▼
2024 · 2.55
Quick ratio
1.08▲
2024 · 0.78
Debt / equity
1.03▼
2024 · 1.10
ROE
17.7%▲
2024 · -29.2%
ROA
8.7%▲
2024 · -13.9%
Interest coverage
15.84▲
2024 · -11.24
Debt
€114k▲
2024 · €100k
Debt ≤ 1 year
€75k▲
2024 · €51k
Debt > 1 year
€39k▼
2024 · €49k
Income taxes
€12k▲
2024 · €5k
Staff costs
€24k▼
2024 · €29k
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€192k€225k▲
Fixed assets21/28€61k€54k▼
Tangible fixed assets22/27€57k€50k▼
Land and buildings22€330€105▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€55k€47k▼
Financial fixed assets28€4k€4k=
Current assets29/58€131k€171k▲
Stocks and contracts in progress3€90k€90k=
Stocks30/36€90k€90k=
Amounts receivable within one year40/41€31k€15k▼
Trade receivables40€8k-
Other amounts receivable41€24k€15k▼
Cash at bank and in hand54/58€9k€66k▲
Deferred charges and accrued income490/1€30-
Equity and liabilities
Total equity and liabilities10/49€192k€225k▲
Equity10/15€92k€111k▲
Contributions10/11€18k€18k=
Outside capital11€18k-
Other1109/19€18k-
Reserves13€23k€23k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€21k€21k=
Profit (loss) carried forward14€51k€70k▲
Amounts payable17/49€100k€114k▲
Amounts payable after more than one year17€49k€39k▼
Financial debts170/4€49k€39k▼
Amounts payable within one year42/48€51k€75k▲
Current portion of amounts payable after more than one year42€16k€15k▼
Financial debts43€3k€3k▲
Credit institutions430/8€3k€3k▲
Trade debts44€21k€35k▲
Suppliers440/4€21k€35k▲
Taxes, remuneration and social security45€10k€15k▲
Taxes450/3€5k€7k▲
Remuneration and social security454/9€6k€7k▲
Other amounts payable47/48€1k€7k▲
Income statement
Code20242025
Remuneration, social security and pensions62€29k€24k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€13k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€18k
Gross operating margin9900€13k€91k▲
Operating profit (loss)9901€-21k€34k▲
Financial income75/76B€2€2▲
Recurring financial income75€2€2▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-22k€31k▲
Income taxes67/77€5k€12k▲
Profit (loss) for the period9904€-27k€20k▲
Profit (loss) for the period to be appropriated9905€-27k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€51k€70k▲
Profit (loss) brought forward from the previous period14P€77k€51k▼
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
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 41 days late
2025
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
31-12
Financial
Equity above €100kEq €111k ▲21.5%
Equity rises from €92k to €111k.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet €-27k ▼159%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
31-12
Financial
Highest result since 2018net €45k ▲229%
Operating result €51k, net result €45k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 7.01
Current ratio from 1.80 to 7.01; short-term debt falls from €61k to €17k.
31-12
Financial
Equity above €100kEq €118k ▲61.8%
6 profitable years in a row build equity to €118k.
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 days late
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 52 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 2.95
Current ratio from 1.37 to 2.95; short-term debt falls from €79k to €32k.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
17 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, Ledegem · 1 establishment unit since 2019
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.
Sint-Eloois-Winkelstraat 38880 LedegemGround area
285 m²
Building footprint
219 m²
Volume, LiDAR
1,103 m³
Parcel 36010C0579/00W000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Top Biz Ledegem
since 20192.289.584.337
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36010C0579/00W000 | Flanders | 285 m² | 1 · 218 m² | 8.9 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLedegem2.289.584.337
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Of 1,428 companies in sector 46389 we hold annual accounts for 855. 574 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-09-2006
Fiscal year end31-12
Activities, NACEBEL
46389Wholesale of other food products
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
51384
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50200
52116
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.