Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TOPCO from Schaarbeek, company number BE0440538762, closed financial year 2025 with a result of € -20,089 after tax. For that financial year TOPCO recorded a gross margin of € 74,279 and equity of € -75,177. Compared with financial year 2024, the result moved from € -18,177 to € -20,089. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 30, 2026.
€ -75,177
▼ € 20,089 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20,089
▼ 11 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -270,477.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 8,402
▼ 48% 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.
€ 51,282
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 48,302
▼ 29% vs 2024
€ 20,371 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 215,514
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,083
▼ 62% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 15,390 | € 46,600 | € 98,982 | € 74,279 | ▼ 25% |
| Profit after taxes | € -89,637 | € -65,255 | € -18,177 | € -20,089 | ▼ € 1,912 |
| Equity | € 28,344 | € -36,911 | € -55,088 | € -75,177 | ▼ € 20,089 |
| Total debts | € 701,487 | € 762,140 | € 739,390 | € 705,798 | ▼ 5% |
| Land & buildings | € 390,115 | € 382,512 | € 365,853 | € 349,552 | ▼ 4% |
| Retained profit | € -237,156 | € -232,211 | € -250,388 | € -270,477 | ▼ € 20,089 |
| Bank debt | € 83,906 | € 89,801 | € 67,908 | € 48,302 | ▼ 29% |
| Balance sheet total | € 729,831 | € 725,229 | € 684,302 | € 630,621 | ▼ 8% |
Key figures of TOPCO, 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 TOPCO?
What happened at TOPCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 20,089. filed late Source: NBB ↗
- SINGH HARPINDER became a director. NBB
- Naresh Motwani became a director. NBB
- New establishment in Ukkel. KBO
- New establishment in Schaarbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 89,637 loss in 2022 to € 20,089 loss in 2025.
Paid € 3,239 in corporate taxes since 2022.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind TOPCO are SINGH HARPINDER and Naresh Motwani.
Directors
According to the 2025 annual accounts
SINGH HARPINDER
Director
since 2024
Naresh Motwani
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Houffalizeplein 20
1030 Schaarbeek
Gatti de Gamondstraat 337-339
1180 Ukkel
Active since 14 March 2014
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
- 0440.538.762
- VAT number
- BE 0440.538.762
- Registered office
- Houffalizeplein 20, 1030 Schaarbeek
- Names & denominations
- TOPCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 April 1990
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
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