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 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
TOP FLAG from Wavre, company number BE0660601375, closed financial year 2024 with a result of € -19,519 after tax. For that financial year TOP FLAG recorded revenue of € 95,404 and equity of € -38,965. Compared with financial year 2023, the result moved from € -38,924 to € -19,519. 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 July 10, 2025.
€ -38,965
▼ € 19,519 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -19,519
▲ 50 % less loss than in 2023
Profit after tax over the fiscal year.
€ 80
▼ 97% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -60,965.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 177
▼ 63% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 19,581
▲ 127% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 7,546
▲ 152% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | € 130,088 | - | € 95,404 | |
| Gross margin | € 43,551 | € 22,130 | € -9,100 | € -16,286 | ▼ € 7,186 |
| Profit after taxes | € 25,344 | € -24,811 | € -38,924 | € -19,519 | ▲ € 19,406 |
| Equity | € 44,068 | € 19,478 | € -19,446 | € -38,965 | ▼ € 19,519 |
| Total debts | € 52,882 | € 52,703 | € 47,611 | € 61,910 | ▲ 30% |
| Cash | € 26,564 | € 11,335 | € 2,461 | € 80 | ▼ 97% |
| Retained profit | € 22,068 | € -2,522 | € -41,446 | € -60,965 | ▼ € 19,519 |
| Dividend | € 22,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 96,951 | € 72,181 | € 28,164 | € 22,945 | ▼ 19% |
Key figures of TOP FLAG, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to TOP FLAG?
What happened at TOP FLAG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 19,519. Source: NBB ↗
- RENTA IMMO SPRL became a director. NBB
- Chantal CAECKELBERGHS became a director. NBB
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
From € 25,344 profit in 2021 to € 19,519 loss in 2024.
Paid € 8,782 in corporate taxes since 2021.
Best year ever: 2021, with € 25,344 profit.
Paid out € 22,000 in dividends to the owners in total.
A new publication or filing at TOP FLAG? We notify you, reason included.
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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 RENTA IMMO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TOP FLAGBehind TOP FLAG are RENTA IMMO SPRL and Chantal CAECKELBERGHS. The shares are held by RENTA IMMO (60%).
Directors
According to the 2024 annual accounts
since 2022
since 2022
Shareholders
60%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Provinciale 291
1301 Wavre
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0660.601.375
- VAT number
- BE 0660.601.375
- Registered office
- Rue Provinciale 291, 1301 Wavre
- Names & denominations
- TOP FLAG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 August 2016
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
Activiteiten van reclamebureaus