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 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
T.O.P. from Tournai, company number BE0882669613, closed financial year 2025 with a result of € -226,630 after tax. For that financial year T.O.P. recorded a gross margin of € -154,286 and equity of € -169,160. Compared with financial year 2024, the result moved from € -98,502 to € -226,630. 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 April 27, 2026.
€ -169,160
▼ € 226,630 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -226,630
▼ 130 % more loss than in 2024
Profit after tax over the fiscal year.
€ 208
▼ 91% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -187,760.
People and assets in 2025
1.2
Average over the fiscal year, from the social balance sheet.
€ 52,613
€ 43,800 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.
€ 1,829
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 28,254
▼ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 374,548
▲ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,342
▲ € 18,319 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 32,223 | € 6,411 | € -68,081 | € -154,286 | ▼ € 86,205 |
| Profit after taxes | € 19,496 | € 1,437 | € -98,502 | € -226,630 | ▼ € 128,128 |
| Equity | € 154,535 | € 155,972 | € 57,470 | € -169,160 | ▼ € 226,630 |
| Total debts | € 380,545 | € 247,271 | € 533,378 | € 622,069 | ▲ 17% |
| Cash | € 5,741 | € 286 | € 2,338 | € 208 | ▼ 91% |
| Retained profit | € 135,935 | € 137,372 | € 38,870 | € -187,760 | ▼ € 226,630 |
| Bank debt | € 5,000 | € 15,870 | € 30,191 | € 28,254 | ▼ 6% |
| Balance sheet total | € 535,080 | € 403,243 | € 590,848 | € 452,909 | ▼ 23% |
| Employees (FTE) | - | 0 | 0 | 1.2 |
Key figures of T.O.P., fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to T.O.P.?
What happened at T.O.P. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 226,630. Source: NBB ↗
- New establishment in Tournai. KBO
- CAVATE SA became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 19,496 profit in 2022 to € 226,630 loss in 2025.
Paid € 10,735 in corporate taxes since 2022.
Best year ever: 2022, with € 19,496 profit.
A new publication or filing at T.O.P.? 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
Directors
According to the 2025 annual accounts
Director · represented by Vincent DE HALLEUX
since 2006
Establishments
Establishment units
Physical locations of this company
Rue du Château d'Ere(ER) 15
7500 Tournai
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
- 0882.669.613
- VAT number
- BE 0882.669.613
- Registered office
- Rue du Château d'Ere(ER) 15, 7500 Tournai
- Names & denominations
- T.O.P.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 July 2006
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Overige gespecialiseerde bouwactiviteiten, neg
Verhuur van overige machines en werktuigen, n.e.g.
Overige gespecialiseerde bouwwerkzaamheden
Bouwrijp maken van terreinen
Verhuur en lease van andere machines en werktuigen en andere materiële goederen
Algemene elektrotechnische installatiewerken
Sanitaire werkzaamheden
+4