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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Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TOP GREEN from Merchtem, company number BE0462653277, closed financial year 2025 with a result of € 50,556 after tax. For that financial year TOP GREEN recorded a gross margin of € 115,558 and equity of € 3.2 million. Compared with financial year 2024, the result moved from € 24,546 to € 50,556. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 3.2 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 50,556
▲ 106% vs 2024
Profit after tax over the fiscal year.
€ 3,693
▼ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 228,692.
Debts at end 2025
€ 257,705
▼ 30% vs 2024
€ 123,393 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 290
▼ 78% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 89,624
▲ € 88,787 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 100,660 | € 65,292 | € 112,110 | € 115,558 | ▲ 3% |
| Profit after taxes | € 55,890 | € 40,407 | € 24,546 | € 50,556 | ▲ 106% |
| Equity | € 3,073,109 | € 3,113,516 | € 3,138,063 | € 3,180,666 | ▲ 1% |
| Total debts | € 3,174,094 | € 3,088,099 | € 3,100,038 | € 2,985,553 | ▼ 4% |
| Cash | € 101,437 | € 20,805 | € 4,070 | € 3,693 | ▼ 9% |
| Retained profit | € 121,136 | € 161,543 | € 186,089 | € 228,692 | ▲ 23% |
| Bank debt | € 592,858 | € 482,200 | € 370,486 | € 257,705 | ▼ 30% |
| Balance sheet total | € 6,247,203 | € 6,201,615 | € 6,238,100 | € 6,166,218 | ▼ 1% |
Key figures of TOP GREEN, 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 GREEN?
What happened at TOP GREEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Benny Elpers stepped down as director. NBB
- Julien Elpers stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 50,556 (▲ 106% vs 2024). filed late Source: NBB ↗
- Benny Elpers became a director. NBB
- Julien Elpers became a director. NBB
- New establishment in Merchtem. KBO
- Start of the company according to the CBE. KBO
In short
From € 55,890 profit in 2022 to € 50,556 profit in 2025.
Paid € 71,142 in corporate taxes since 2022.
Best year ever: 2022, with € 55,890 profit.
Management
It owns 100% of Chateau De Waha and 99.8% of Bouwinvest itself.
Directors
According to the 2025 annual accounts
since 2024 · until 2030
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Dooren 111 box D
1785 Merchtem
Dooren 111D
1785 Merchtem
Active since 2 March 1998
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →ELPERS
€ 1.5 million gross margin · 2025
BOUWINVEST same network
€ 119,211 gross margin · 2025
ELPERS JR HOLDING
€ 131,730 gross margin · 2025
ELPERS IMMO
€ 217,850 gross margin · 2025
Valdo Projects
€ 583,696 revenue · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0462.653.277
- VAT number
- BE 0462.653.277
- Registered office
- Dooren 111 bus D, 1785 Merchtem
- Names & denominations
- TOP GREEN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 February 1998
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Activiteiten van holdings
Holdings
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Diverse administratieve activiteiten ten behoeve van kantoren