TOP WORKS
ActiveSummary
The computed 12-month bankruptcy probability of TOP WORKS is 1.8% (moderate). The 2025 annual accounts show equity of €172k and a net result of €63k. Equity is growing by ~51.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 27786 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
74
/ 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
Profitability88▲+2
Solvency66▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.16 in 2024; short-term debt: 45.3% and cash: 38.1% of total assets), and 58.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
41.3%
Return on assets
15.1%
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 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
417 d late
2023
782 d late
2022
1148 d late
2021
100 d late
2020
51 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€172k▲ 57.6%
2024 · €109k
2020: €35k
2021: €27k
2022: €40k
2023: €54k
2024: €109k
2020 → 2025
Total assets
€416k▲ 3.3%
2024 · €403k
2020: €189k
2021: €270k
2022: €412k
2023: €285k
2024: €403k
2020 → 2025
Net result
€63k▲ 13.3%
2024 · €55k
2020: €29k
2021: €-8k
2022: €14k
2023: €13k
2024: €55k
2020 → 2025
Working capital
€74k▲ 118%
2024 · €34k
2020: €-86k
2021: €-113k
2022: €-74k
2023: €-59k
2024: €34k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€40k▲ 51.2%€54k▲ 33.2%€109k▲ 103%€172k▲ 57.6%
Operating result€-8k-€16k€21k▲ 34.1%€78k▲ 275%€91k▲ 16.9%
Net result€-8k-€14k€13k▼ 2.0%€55k▲ 315%€63k▲ 13.3%
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; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €416k
Fixed assets
€153k ▼ 4.6%
Current assets
€263k ▲ 8.5%
Equity and liabilities €416k
Equity
€172k ▲ 57.6%
Debt
€244k ▼ 16.9%
Debt's share of the balance-sheet total falls from 72.9% to 58.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€126k▲
2024 · €117k
Cash flow
€98k▲
2024 · €95k
Current ratio
1.40▲
2024 · 1.16
Debt to equity
1.42▼
2024 · 2.69
ROE
36.5%▼
2024 · 50.8%
ROA
15.1%▲
2024 · 13.8%
Interest coverage
56.49▼
2024 · 257.33
Debt ≤ 1 year
€188k▼
2024 · €208k
Debt > 1 year
€55k▼
2024 · €85k
Income taxes
€26k▲
2024 · €22k
Staff costs
€66k▲
2024 · €54k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€403k€416k▲
Fixed assets21/28€160k€153k▼
Intangible fixed assets21€31k€15k▼
Tangible fixed assets22/27€127k€136k▲
Land and buildings22€88k€85k▼
Plant, machinery and equipment23€2k-
Furniture and vehicles24€38k€51k▲
Financial fixed assets28€2k€2k=
Current assets29/58€242k€263k▲
Amounts receivable within one year40/41€145k€104k▼
Trade receivables40€112k€95k▼
Other amounts receivable41€33k€9k▼
Cash at bank and in hand54/58€97k€158k▲
Equity and liabilities
Total equity and liabilities10/49€403k€416k▲
Equity10/15€109k€172k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€103k€166k▲
Amounts payable17/49€293k€244k▼
Amounts payable after more than one year17€85k€55k▼
Financial debts170/4€85k€55k▼
Amounts payable within one year42/48€208k€188k▼
Current portion of amounts payable after more than one year42€723€16k▲
Trade debts44€44k€50k▲
Suppliers440/4€44k€50k▲
Taxes, remuneration and social security45€105k€33k▼
Taxes450/3€48k€32k▼
Remuneration and social security454/9€57k€416▼
Other amounts payable47/48€59k€90k▲
Accrued charges and deferred income492/3€486€486=
Income statement
Code20242025
Remuneration, social security and pensions62€54k€66k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€35k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€174k€194k▲
Operating profit (loss)9901€78k€91k▲
Financial income75/76B€6-
Recurring financial income75€6-
Financial charges65/66B€456€2k▲
Recurring financial charges65€456€2k▲
Profit (loss) for the period before taxes9903€78k€89k▲
Income taxes67/77€22k€26k▲
Profit (loss) for the period9904€55k€63k▲
Profit (loss) for the period to be appropriated9905€55k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€103k€166k▲
Profit (loss) brought forward from the previous period14P€48k€103k▲
The notes to these accounts (12 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
21-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 417 days late
21-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 782 days late
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1148 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2020net €63k ▲13.3%
Operating result €91k, net result €63k, both a record.
31-12
Financial
Equity above €150kEq €172k ▲57.6%
4 profitable years in a row build equity to €172k.
2024
31-12
Financial
Equity above €100kEq €109k ▲103%
3 profitable years in a row build equity to €109k.
2022
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 100 days late
2021
31-12
Financial
Weakest financial yearnet €-8k ▼129%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Beveren-Kruibeke-Zwijndrecht · 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.
Daniël Gerardo Melijnlaan 122070 Beveren-Kruibeke-ZwijndrechtGround area
349 m²
Building footprint
113 m²
Volume, LiDAR
670 m³
Parcel 11056A0316/00H002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDPaints
since 20192.296.693.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11056A0316/00H002 | Flanders | 349 m² | 1 · 113 m² | 9.2 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.
Similar companies · same sector, comparable size
Arte Casa
BE 0466.944.043
Antwerpen · Eq €172,109
BARRA
BE 0415.739.822
Kruisem · Eq €172,183
LE DECORATEUR MICHEL
BE 0417.152.755
Rebecq · Eq €172,214
MOBI-DECOR
BE 0896.648.501
Gent · Eq €172,226
KRISTOF DELEERSNIJDER
BE 0675.793.258
Zulte · Eq €171,353
Of 7,861 companies in sector 43341 we hold annual accounts for 2,663. 2,126 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:vdptom@telenet.be