Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 12 to 10.6.
Financials
Financial year 2025
TIP TOP BELTING from Genk, company number BE0465725506, closed financial year 2025 with a result of € 420,571 after tax. For that financial year TIP TOP BELTING recorded a gross margin of € 1.5 million and equity of € 472,642. Compared with financial year 2024, the result moved from € 422,770 to € 420,571. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 472,642
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 420,571
▼ 1% vs 2024
Profit after tax over the fiscal year.
€ 121,031
▲ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 400,000 paid out
95 % of the profit went to the shareholders, mostly to DONARCO (100 % of the shares). That is where the money ends up.
People and assets in 2025
10.6
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 863,530
▲ 13% vs 2024
€ 81,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 44,539
▲ 103% vs 2024
Of which on lease € 38,128.
Debts at end 2025
€ 614,606
▼ 4% vs 2024
€ 80,071 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 190,508
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 283,801
▲ 8% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,356,719 | € 1,490,402 | € 1,407,701 | € 1,499,146 | ▲ 6% |
| Profit after taxes | € 400,626 | € 432,620 | € 422,770 | € 420,571 | ▼ 1% |
| Equity | € 396,682 | € 429,302 | € 452,071 | € 472,642 | ▲ 5% |
| Total debts | € 1,413,393 | € 1,520,009 | € 1,583,810 | € 1,492,610 | ▼ 6% |
| Cash | € 238,554 | € 111,474 | € 63,751 | € 121,031 | ▲ 90% |
| Land & buildings | € 520,462 | € 485,498 | € 448,383 | € 423,050 | ▼ 6% |
| Retained profit | € 246,682 | € 279,302 | € 302,071 | € 322,642 | ▲ 7% |
| Dividend | € 250,000 | € 400,000 | € 400,000 | € 400,000 | |
| Bank debt | € 710,111 | € 651,078 | € 637,732 | € 614,606 | ▼ 4% |
| Balance sheet total | € 1,810,075 | € 1,949,311 | € 2,035,881 | € 1,965,252 | ▼ 3% |
| Employees (FTE) | 11.6 | 12 | 10.7 | 10.6 | ▼ 0.1 |
Key figures of TIP TOP BELTING, 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 TIP TOP BELTING?
What happened at TIP TOP BELTING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 420,571 (▼ 1% vs 2024). Source: NBB ↗
- Donarco NV became a director. NBB
- G 4 G - Invest BV became a director. NBB
- New establishment in Genk. KBO
- Start of the company according to the CBE. KBO
In short
From € 400,626 profit in 2022 to € 420,571 profit in 2025.
Paid € 524,047 in corporate taxes since 2022.
Best year ever: 2023, with € 432,620 profit.
On average € 141,400 of value added per employee in 2025.
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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
The stake of DONARCO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TIP TOP BELTINGBehind TIP TOP BELTING are G 4 G - Invest BV and Donarco NV. The shares are held by DONARCO (100%).
Directors
According to the 2025 annual accounts
Director · represented by Geert Helsen
Also active at: NARVIFLEX, MINERAL COMPOSITE, Immo Narviflex, RINDUS, DONARCO
since 2021
since 2021
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Horizonlaan 40
3600 Genk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
WIX_COM, IL
Website info
Features
Security
Details
- Company number
- 0465.725.506
- VAT number
- BE 0465.725.506
- Registered office
- Horizonlaan 40, 3600 Genk
- Names & denominations
- TIP TOP BELTING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 April 1999
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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