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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
TopSpec Equine (Export) from Brussel, company number BE0723803805, closed financial year 2025 with a result of € 13,305 after tax. For that financial year TopSpec Equine (Export) recorded a gross margin of € 17,183 and equity of € -228,247. Compared with financial year 2024, the result moved from € -94,365 to € 13,305. Profitable, and profit is growing. 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 20, 2025.
€ -228,247
▲ € 13,305 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,305
▲ still € 94,365 loss in 2024
Profit after tax over the fiscal year.
€ 70,321
▲ 126% 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 € -234,447.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 20,402
▼ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 22,647 | € 2,684 | € -40,930 | € 17,183 | ▲ € 58,113 |
| Profit after taxes | € 22,418 | € 2,344 | € -94,365 | € 13,305 | ▲ € 107,670 |
| Equity | € -149,568 | € -147,225 | € -241,552 | € -228,247 | ▲ € 13,305 |
| Total debts | € 235,775 | € 296,767 | € 384,553 | € 402,762 | ▲ 5% |
| Cash | € 6,873 | € 48,246 | € 31,147 | € 70,321 | ▲ 126% |
| Retained profit | € -155,768 | € -153,425 | € -247,752 | € -234,447 | ▲ € 13,305 |
| Balance sheet total | € 86,207 | € 149,543 | € 143,002 | € 174,516 | ▲ 22% |
Key figures of TopSpec Equine (Export), 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 October 2026.
What happened to TopSpec Equine (Export)?
What happened at TopSpec Equine (Export) in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 13,305. Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,418 profit in 2022 to € 13,305 profit in 2025.
Best year ever: 2022, with € 22,418 profit.
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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 TopSpec Equine (Export) are Justin Ridley, William Kinread, Katherine Mickle and Oliver Reade.
Directors
According to the 2025 annual accounts
Justin Ridley
Director
William Kinread
Director
Katherine Mickle
Director
Oliver Reade
Director
Establishments
Establishment units
Physical locations of this company
Koloniënstraat 11
1000 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0723.803.805
- VAT number
- BE 0723.803.805
- Registered office
- Koloniënstraat 11, 1000 Brussel
- Names & denominations
- TopSpec Equine (Export)
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 March 2019
- Peppol
- Not registered
- Activities · NACE
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