TOPS - SCHAUT
ActiveSummary
TOPS - SCHAUT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €224k and a net result of €73k. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-12
Solvency47▲+2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.6 in 2024; short-term debt: 60.2% and cash: 20% of total assets), and 78.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
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
21.5%
Return on assets
7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 7777 sector peers (2025).
NBB · sector comparisonPosition among 7777 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
70 d early
2023
1 d early
2022
31 d early
2021
12 d early
2020
29 d early
2019
27 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, abbreviated schema
Equity
€224k▼ 17.8%
2024 · €272k
2018: €447k
2019: €696k
2020: €645k
2021: €657k
2022: €673k
2023: €675k
2024: €272k
2018 → 2025
Total assets
€1.04M▼ 23.0%
2024 · €1.35M
2018: €1.01M
2019: €1.03M
2020: €1.27M
2021: €1.70M
2022: €1.95M
2023: €2.16M
2024: €1.35M
2018 → 2025
Net result
€73k▼ 67.7%
2024 · €227k
2018: €175k
2019: €248k
2020: €224k
2021: €212k
2022: €274k
2023: €73k
2024: €227k
2018 → 2025
Working capital
€185k▼ 51.0%
2024 · €378k
2018: €154k
2019: €462k
2020: €451k
2021: €423k
2022: €-21k
2023: €723k
2024: €378k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€657k-€673k▲ 2.4%€675k▲ 0.4%€272k▼ 59.7%€224k▼ 17.8%
Operating result€282k-€362k▲ 28.2%€102k▼ 71.8%€311k▲ 205%€132k▼ 57.7%
Net result€212k-€274k▲ 28.9%€73k▼ 73.4%€227k▲ 213%€73k▼ 67.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.04M
Fixed assets
€229k ▼ 32.5%
Current assets
€812k ▼ 19.8%
Equity and liabilities €1.04M
Equity
€224k ▼ 17.8%
Debt
€816k ▼ 24.3%
Debt's share of the balance-sheet total falls from 79.8% to 78.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€168k▼
2024 · €356k
Cash flow
€110k▼
2024 · €271k
Current ratio
1.30▼
2024 · 1.60
Quick ratio
0.89▼
2024 · 1.00
Debt to equity
3.64▼
2024 · 3.96
ROE
32.7%▼
2024 · 83.4%
ROA
7.0%▼
2024 · 16.8%
Interest coverage
7.81▼
2024 · 19.79
Debt ≤ 1 year
€627k▼
2024 · €634k
Debt > 1 year
€71k▼
2024 · €121k
Income taxes
€37k▼
2024 · €86k
Staff costs
€727k▼
2024 · €747k
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.35M€1.04M▼
Fixed assets21/28€339k€229k▼
Intangible fixed assets21€177k€155k▼
Tangible fixed assets22/27€162k€74k▼
Land and buildings22€122k€17k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€31k€51k▲
Other tangible fixed assets26€6k€4k▼
Current assets29/58€1.01M€812k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€376k€254k▼
Stocks30/36€376k€254k▼
Amounts receivable within one year40/41€352k€346k▼
Trade receivables40€321k€155k▼
Other amounts receivable41€30k€192k▲
Cash at bank and in hand54/58€268k€208k▼
Deferred charges and accrued income490/1€16k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.04M▼
Equity10/15€272k€224k▼
Contributions10/11€19k€10k▼
Reserves13€19k€11k▼
Non-distributable reserves130/1€19k-
Reserves not available under the articles1311€19k-
Distributable reserves133€0€11k▲
Profit (loss) carried forward14€234k€203k▼
Amounts payable17/49€1.08M€816k▼
Amounts payable after more than one year17€121k€71k▼
Financial debts170/4€121k€71k▼
Amounts payable within one year42/48€634k€627k▼
Current portion of amounts payable after more than one year42€61k€38k▼
Financial debts43€145k€175k▲
Credit institutions430/8€145k€175k▲
Trade debts44€413k€391k▼
Suppliers440/4€413k€391k▼
Taxes, remuneration and social security45€16k€24k▲
Taxes450/3€0-
Remuneration and social security454/9€16k€24k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€323k€119k▼
Income statement
Code20242025
Remuneration, social security and pensions62€747k€727k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€37k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€15k€61k▲
Gross operating margin9900€1.12M€957k▼
Operating profit (loss)9901€311k€132k▼
Financial income75/76B€19k€2▼
Recurring financial income75€19k€2▼
Financial charges65/66B€18k€22k▲
Recurring financial charges65€18k€22k▲
Profit (loss) for the period before taxes9903€313k€110k▼
Income taxes67/77€86k€37k▼
Profit (loss) for the period9904€227k€73k▼
Profit (loss) for the period to be appropriated9905€227k€73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€460k€203k▼
Profit (loss) brought forward from the previous period14P€233k€130k▼
Transfer from equity791/2€405k€0▼
Profit to be distributed694/7€630k€0▼
Return on contributions (dividend)694€630k€0▼
Social balance
Average headcount (FTE)908710.811.1▲
The notes to these accounts (24 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-08
State Gazette act
General meeting · Demerger
Accounting effect · Real estate · Marie-Ghislaine Brosens
06-06
State Gazette act
Demerger · Real estate
Share issue · Capital increase
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €73k ▼73.4%
Net result drops to €73k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €274k ▲28.9%
Net result €274k, the highest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 2.95
Current ratio from 1.33 to 2.95; short-term debt falls from €461k to €237k.
Show earlier events
31-12
Financial
Equity above €500kEq €696k ▲55.5%
2 profitable years in a row build equity to €696k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 2 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Herentals · 1 establishment unit since 1994
Ground area
3,160 m²
Building footprint
966 m²
Parcel 13302C0364/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
Noordervaart(HRT) 23, 2200 Herentals
since 19942.066.184.429
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302C0364/00F000 | Flanders | 3,160 m² | 1 · 966 m² | - |
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.
Structure & network
Acquisitions and mergers
1 transactionSplit off to:NOBEL
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 5,527 EUR awarded · 5,527 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 750 EUR | 750 EUR |
| 2024 | 2 | 4,133 EUR | 4,133 EUR |
| 2023 | 1 | 432 EUR | 432 EUR |
| 2022 | 1 | 212 EUR | 212 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
3 categoriesTOPS - SCHAUT BV30566
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Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 7,287 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 (pre-2019)
Founded21-03-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
70200Business and other management consultancy
73300Public relations and communication consultancy
82100Office administrative and support services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.