Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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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 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TOPS from Geel, company number BE0449141078, closed financial year 2025 with a result of € -48,949 after tax. For that financial year TOPS recorded a gross margin of € 4,570 and equity of € 168,796. Compared with financial year 2024, the result moved from € -10,064 to € -48,949. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 168,796
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -48,949
▼ 386 % more loss than in 2024
Profit after tax over the fiscal year.
€ 3,849
▼ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 106,796.
People and assets in 2025
€ 33,759
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 352,696
▲ 30% vs 2024
€ 110,382 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 155,914
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,180
▼ 83% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 22,377 | € 80,994 | € 48,702 | € 4,570 | ▼ 91% |
| Profit after taxes | € -17,602 | € 38,590 | € -10,064 | € -48,949 | ▼ € 38,885 |
| Equity | € 189,219 | € 227,809 | € 217,745 | € 168,796 | ▼ 22% |
| Total debts | € 511,699 | € 518,045 | € 508,084 | € 660,942 | ▲ 30% |
| Cash | € 25,246 | € 67,244 | € 6,178 | € 3,849 | ▼ 38% |
| Land & buildings | € 237,940 | € 219,019 | € 200,098 | € 182,803 | ▼ 9% |
| Retained profit | € 127,219 | € 165,809 | € 155,745 | € 106,796 | ▼ 31% |
| Bank debt | € 298,609 | € 284,717 | € 271,550 | € 352,696 | ▲ 30% |
| Balance sheet total | € 700,918 | € 745,854 | € 725,829 | € 829,737 | ▲ 14% |
Key figures of TOPS, 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 TOPS?
What happened at TOPS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Wim Tops stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 48,949. Source: NBB ↗
- New establishment in Geel. KBO
- Wim Tops became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 17,603 loss in 2022 to € 48,949 loss in 2025.
Paid € 9,834 in corporate taxes since 2022.
Best year ever: 2023, with € 38,590 profit.
Management
The shares are held by Wim Tops (100%).
Directors
According to the 2025 annual accounts
Wim Tops
Administrator-manager
Owns 100% directly
since 1993 · until 2029
Shareholders
Wim Tops · director
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Meulemakershoef 3
2440 Geel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0449.141.078
- VAT number
- BE 0449.141.078
- Registered office
- Meulemakershoef 3, 2440 Geel
- Names & denominations
- TOPS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 January 1993
- Peppol
- Active · Active since 15 Jan 2026
- Activities · NACE
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