Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TOP SELECTION from Waregem, company number BE0421334544, closed financial year 2025 with a result of € -227,914 after tax. For that financial year TOP SELECTION recorded a gross margin of € 179,050 and equity of € 2.8 million. Compared with financial year 2024, the result moved from € -181,091 to € -227,914. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 2.8 million
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -227,914
▼ 26 % more loss than in 2024
Profit after tax over the fiscal year.
€ 106,587
▲ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.2 million.
People and assets in 2025
€ 39,189
▲ 4% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 35,206
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,555
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 290,313 | € 128,177 | € 238,362 | € 179,050 | ▼ 25% |
| Profit after taxes | € -103,845 | € -335,463 | € -181,091 | € -227,914 | ▼ € 46,823 |
| Equity | € 2,262,000 | € 3,222,447 | € 3,041,355 | € 2,813,441 | ▼ 7% |
| Total debts | € 3,821,599 | € 3,801,446 | € 3,800,856 | € 3,582,679 | ▼ 6% |
| Cash | € 160,789 | € 144,877 | € 97,001 | € 106,587 | ▲ 10% |
| Land & buildings | € 5,825,507 | € 6,792,518 | € 6,474,446 | € 6,134,621 | ▼ 5% |
| Retained profit | € -3,420,000 | € -3,755,463 | € -3,936,555 | € -4,164,469 | ▼ € 227,914 |
| Bank debt | € 2,283,718 | € 2,253,718 | € 200,000 | € 0 | ▼ 100% |
| Balance sheet total | € 6,083,599 | € 7,023,892 | € 6,842,212 | € 6,396,120 | ▼ 7% |
Key figures of TOP SELECTION, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TOP SELECTION?
What happened at TOP SELECTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 227,914. filed late Source: NBB ↗
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 103,845 loss in 2022 to € 227,914 loss in 2025.
Management
The stake of TER HEIRWEGHE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TOP SELECTIONBehind TOP SELECTION is TER HEIRWEGHE BV. The shares are held by TER HEIRWEGHE (1%).
Directors
According to the 2025 annual accounts
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Grote Heerweg 279
8791 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0421.334.544
- VAT number
- BE 0421.334.544
- Registered office
- Grote Heerweg 279, 8791 Waregem
- Names & denominations
- TOP SELECTION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 January 1981
- Peppol
- Active · Active since 24 Dec 2025
- Activities · NACE
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