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 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Tops Management from Westerlo, company number BE0788956131, closed financial year 2025 with a result of € 110,384 after tax. For that financial year Tops Management recorded a gross margin of € 144,907 and equity of € 5,000. Compared with financial year 2024, the result moved from € 104,510 to € 110,384. Profitable, and profit is growing. The buffer shrank hard: equity is 97 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 18, 2025.
€ 5,000
▼ 97% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 110,384
▲ 6% vs 2024
Profit after tax over the fiscal year.
€ 80,120
▼ 63% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 277,608 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,421
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 44,768
▲ 1% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 79,685 | € 140,579 | € 144,907 | ▲ 3% |
| Profit after taxes | € 62,714 | € 104,510 | € 110,384 | ▲ 6% |
| Equity | € 67,714 | € 172,224 | € 5,000 | ▼ 97% |
| Total debts | € 34,829 | € 48,694 | € 327,447 | ▲ € 278,753 |
| Cash | € 102,512 | € 217,849 | € 80,120 | ▼ 63% |
| Retained profit | € 62,714 | € 167,224 | € 0 | ▼ 100% |
| Dividend | € 0 | € 0 | € 277,608 | |
| Balance sheet total | € 102,543 | € 220,918 | € 332,447 | ▲ 50% |
Key figures of Tops Management, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Tops Management?
What happened at Tops Management in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 110,384 (▲ 6% vs 2024). Source: NBB ↗
- New establishment in Westerlo. KBO
- Start of the company according to the CBE. KBO
In short
From € 62,714 profit in 2023 to € 110,384 profit in 2025.
Paid € 79,289 in corporate taxes since 2023.
Best year ever: 2025, with € 110,384 profit.
Paid out € 277,608 in dividends to the owners in total.
Management
Behind Tops Management is Michel Tops. Michel Tops is also behind TOPS FOODS and Mitsanto.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
De Hand 14
2260 Westerlo
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0788.956.131
- VAT number
- BE 0788.956.131
- Registered office
- De Hand 14, 2260 Westerlo
- Names & denominations
- Tops Management
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 July 2022
- Peppol
- Active · Active since 24 Nov 2024
- Activities · NACE
Activiteiten van holdings
Holdings