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 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
35 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Top Log from Elsene, company number BE0760703296, closed financial year 2025 with a result of € -2.2 million after tax. For that financial year Top Log recorded a gross margin of € -10,349 and equity of € -2.1 million. Compared with financial year 2024, the result moved from € 2.7 million to € -2.2 million. 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 August 17, 2026.
€ -2.1 million
▼ € 2.2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.2 million
▼ still € 2.7 million profit in 2024
Profit after tax over the fiscal year.
€ 720
▼ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.2 million.
Debts at end 2025
€ 11.3 million
▲ 11% vs 2024
€ 835,000 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 88
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 129,686
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -9,722 | € -407,037 | € -12,201 | € -10,349 | ▲ € 1,852 |
| Profit after taxes | € -99,768 | € -2,424,112 | € 2,664,659 | € -2,240,657 | ▼ € 4.9 million |
| Equity | € -65,548 | € -2,489,659 | € 175,000 | € -2,065,657 | ▼ € 2.2 million |
| Total debts | € 2,591,566 | € 35,107,497 | € 32,432,938 | € 34,673,429 | ▲ 7% |
| Cash | € 89 | € 440 | € 885 | € 720 | ▼ 19% |
| Retained profit | € -240,548 | € -2,664,659 | € 0 | € -2,240,657 | |
| Bank debt | € 2,291,331 | € 10,276,236 | € 10,149,228 | € 11,308,154 | ▲ 11% |
| Balance sheet total | € 2,526,019 | € 32,617,837 | € 32,607,938 | € 32,607,772 |
Key figures of Top Log, 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 Log?
What happened at Top Log in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alexis François-Poncet stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.2 million (▼ € 4.9 million vs 2024). filed late Source: NBB ↗
- Alexis François-Poncet became a director. NBB
- Start of the company according to the CBE. KBO
- Xavier François Azan became a director. NBB
- François-Pierre HELLMANN became a director. NBB
In short
From € 99,768 loss in 2022 to € 2.2 million loss in 2025.
Paid € 129,686 in corporate taxes since 2022.
Best year ever: 2024, with € 2.7 million profit.
A new publication or filing at Top Log? 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
Behind Top Log are Xavier François Azan and François-Pierre HELLMANN. The shares are held by TOPCO Belgique SA (100%). It owns 100% of GOLDIE SA and 100% of EUROPEAN TRANSPORTS LOGISTICS SA itself.
Directors
According to the 2025 annual accounts
Xavier François Azan
Director
Also active at: LIMBURGSE VASTGOED ONTWIKKELINGEN, GOLDIE, LVO Holding
since 2020
François-Pierre HELLMANN
Managing director
Also active at: LIMBURGSE VASTGOED ONTWIKKELINGEN, IMMOBILIERE ET ASSURANCES NIVELLOISES, AARSCHOT LOGISTICS, REDIVEST, WATERLUM, LVO Holding, IRR Multi Poly, IMMO AC
since 2020
Alexis François-Poncet
Director
Also active at: LIMBURGSE VASTGOED ONTWIKKELINGEN, EUROPEAN TRANSPORTS LOGISTICS, IMMOBILIERE ET ASSURANCES NIVELLOISES, GOLDIE, PHILEOG Benelux, WATERLUM, LVO Holding, IRR Multi Poly +1 more
since 2021 · until 2027
Shareholders
TOPCO Belgique SA
100%
Participations
Establishments
Establishment units
Physical locations of this company
Louizalaan 380
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 35 companies are registered at this address.
All companies at this address →LIMBURGSE VASTGOED ONTWIKKELINGEN same network
€ 617,154 gross margin · 2025
Raoul Renaux et Compagnie
EUROPEAN TRANSPORTS LOGISTICS same network
€ 239,105 gross margin · 2025
Grosvenor Belgium
IMMOBILIERE ET ASSURANCES NIVELLOISES same network
€ 1,855 revenue · 2025
+30 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
- 0760.703.296
- VAT number
- BE 0760.703.296
- Registered office
- Louizalaan 380, 1050 Elsene
- Names & denominations
- Top Log
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 2020
- Peppol
- Active · Active since 5 Jan 2026