ACTIVE

Top-Mix

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Financial year 2024 · closed on 31/12/2024

Net result

2,9 M €

+6.8% YoY

Revenue

34,3 M €

+15.7% YoY

Equity

18 M €

+15.4% YoY

Workforce

46,9 ETP

+4.9% YoY

What does Top-Mix do?

Top-Mix is a Public limited company incorporated in 1975. Its registered office is in Oostende. It employs on average 46,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0415.555.324

Incorporation

11/12/1975

Legal form

Public limited company

Registered office

Oudenburgsesteenweg 106
8400 Oostende · FlandreSee on map

Contributed capital

285 313,99 €

Latest accounts

31/12/2024

Average workforce

46,9 ETP

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	34,3 M €	+15.7%	29,6 M €	-3.6%	30,8 M €	+7.8%	28,5 M €	+5.5%	27 M €	+25.9%	21,5 M €	+11.1%	19,3 M €	+1.9%	19 M €	-13.9%	22 M €	+13.3%	19,4 M €	+14.5%	17 M €	+31.7%	12,9 M €	-13.9%	15 M €	+6.8%	14 M €	+61.6%	8,7 M €	+35.4%	6,4 M €	-8.0%	7 M €
EBITDA	5,4 M €	+15.1%	4,7 M €	+26.3%	3,7 M €	-14.3%	4,4 M €	+7.4%	4,1 M €	+29.5%	3,1 M €	+9.5%	2,9 M €	-18.6%	3,5 M €	-3.0%	3,6 M €	+53.0%	2,4 M €	-5.7%	2,5 M €	-9.6%	2,8 M €	-24.9%	3,7 M €	+26.7%	2,9 M €	+88.4%	1,5 M €	+27.8%	1,2 M €	-28.9%	1,7 M €
Operating result	3,4 M €	+10.2%	3,1 M €	+38.0%	2,2 M €	-21.5%	2,8 M €	+11.2%	2,6 M €	+60.3%	1,6 M €	+34.3%	1,2 M €	-30.0%	1,7 M €	-15.8%	2 M €	+127%	884,8 k €	-20.2%	1,1 M €	-22.1%	1,4 M €	-35.0%	2,2 M €	+20.5%	1,8 M €	+298%	456,2 k €	+632%	62,3 k €	-89.9%	614,1 k €
Net result	2,9 M €	+6.8%	2,7 M €	+10.8%	2,5 M €	+8.3%	2,3 M €	+8.3%	2,1 M €	+48.6%	1,4 M €	+33.6%	1,1 M €	-38.8%	1,7 M €	-22.4%	2,2 M €	+150%	887,9 k €	-36.2%	1,4 M €	-13.1%	1,6 M €	-37.1%	2,5 M €	+47.5%	1,7 M €	+616%	241,2 k €	+623%	-46,1 k €	-110%	471 k €
Balance sheet
Equity	18 M €	+15.4%	15,6 M €	+7.5%	14,5 M €	+15.4%	12,6 M €	+7.5%	11,7 M €	-14.6%	13,7 M €	+7.0%	12,8 M €	+4.2%	12,3 M €	+15.8%	10,6 M €	+14.9%	9,2 M €	+4.5%	8,8 M €	+12.7%	7,8 M €	+21.4%	6,4 M €	+60.4%	4 M €	+130%	1,7 M €	+23.6%	1,4 M €	-3.2%	1,5 M €
Total assets	41,1 M €	+4.1%	39,5 M €	+21.7%	32,4 M €	+13.2%	28,7 M €	+2.1%	28,1 M €	+3.8%	27 M €	+5.7%	25,6 M €	+11.8%	22,9 M €	+2.2%	22,4 M €	+18.3%	18,9 M €	-3.6%	19,6 M €	+6.7%	18,4 M €	+12.3%	16,4 M €	-2.9%	16,9 M €	+46.3%	11,5 M €	+27.6%	9 M €	+25.1%	7,2 M €
Cash	3,4 k €	+124%	1,5 k €	+39.6%	1,1 k €	-71.5%	3,8 k €	+12.2%	3,4 k €	-29.4%	4,8 k €	+44.1%	3,4 k €	-21.3%	4,3 k €	+17.9%	3,6 k €	-8.0%	3,9 k €	+189%	1,4 k €	+192%	465,9 €	-1.3%	472,1 €	-99.0%	45,7 k €	-90.3%	469 k €	+495%	78,9 k €	-61.9%	206,8 k €
Debts	15,7 M €	-9.4%	17,3 M €	+34.3%	12,9 M €	+5.7%	12,2 M €	-6.6%	13,1 M €	+37.6%	9,5 M €	-9.7%	10,5 M €	+15.3%	9,1 M €	-12.7%	10,4 M €	+31.8%	7,9 M €	-5.0%	8,3 M €	+8.3%	7,7 M €	-0.8%	7,8 M €	-31.4%	11,3 M €	+23.8%	9,1 M €	+23.7%	7,4 M €	+31.5%	5,6 M €
Other
Workforce	46,9 ETP	+4.9%	44,7 ETP	+4.0%	43,0 ETP	+4.4%	41,2 ETP	+4.3%	39,5 ETP	+20.4%	32,8 ETP	-0.3%	32,9 ETP	+2.5%	32,1 ETP	-0.3%	32,2 ETP	+9.2%	29,5 ETP	+13.9%	25,9 ETP	+18.3%	21,9 ETP	-0.5%	22,0 ETP	+7.8%	20,4 ETP	+3.0%	19,8 ETP	+32.0%	15,0 ETP	+26.1%	11,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 33 ended

Active mandates

GeMa-con

Director · since 22 décembre 2023 · until 29 juin 2029 · 0722.981.679

Represented by Gene Maertens

Active

RENONG

Director · since 22 décembre 2023 · until 29 juin 2029 · 0652.810.394

Represented by Dries Devroe

Active

VERHELST GROUP

Director · since 22 décembre 2023 · until 29 juin 2029 · 0466.316.018

Represented by Johan VERHELST

Active

Ended mandates

GeMa-con

Director · since 01 juillet 2020 · until 16 mai 2026 · 0722.981.679

Represented by Gene Maertens

Ended

RENONG

Director · since 01 juillet 2020 · until 16 mai 2026 · 0652.810.394

Represented by Dries Devroe

Ended

CAROLINE VANHEEDE

Director · since 09 mai 2018 · until 18 mai 2024

Ended

CAROLINE VANHEEDE

Director · since 09 mai 2018 · until 01 juin 2024

Ended

At this address

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/07/2025	15/07/2024	27/06/2023	29/06/2022	14/07/2021	23/06/2020
General meeting	27/06/2025	28/06/2024	20/05/2023	21/05/2022	23/06/2021	16/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	27/06/2025	15/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	15/07/2024	Dutch	PDF
Full model	31/12/2022	20/05/2023	27/06/2023	Dutch	PDF
Full model	31/12/2021	21/05/2022	29/06/2022	Dutch	PDF
Full model	31/12/2020	23/06/2021	14/07/2021	Dutch	PDF
Full model	31/12/2019	16/05/2020	23/06/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	21/06/2018	14/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	10/07/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	13/07/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	17/07/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	14/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	17/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	11/07/2012	Dutch	PDF
Full model	31/12/2010	24/06/2011	07/07/2011	Dutch	PDF
Full model	31/12/2009	25/06/2010	28/06/2010	Dutch	PDF
Full model	31/12/2008	26/06/2009	07/07/2009	Dutch	PDF
Full model	31/12/2007	27/06/2008	18/07/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	16/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 33 ended

Active mandates

GeMa-con

Director · since 22 décembre 2023 · until 29 juin 2029 · 0722.981.679

Represented by Gene Maertens

Active

RENONG

Director · since 22 décembre 2023 · until 29 juin 2029 · 0652.810.394

Represented by Dries Devroe

Active

VERHELST GROUP

Director · since 22 décembre 2023 · until 29 juin 2029 · 0466.316.018

Represented by Johan VERHELST

Active

Ended mandates

GeMa-con

Director · since 01 juillet 2020 · until 16 mai 2026 · 0722.981.679

Represented by Gene Maertens

Ended

RENONG

Director · since 01 juillet 2020 · until 16 mai 2026 · 0652.810.394

Represented by Dries Devroe

Ended

CAROLINE VANHEEDE

Director · since 09 mai 2018 · until 18 mai 2024

Ended

CAROLINE VANHEEDE

Director · since 09 mai 2018 · until 01 juin 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring22/01/2024
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/11/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates23/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/07/2019
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 20242,9 M €↑
2023
Annual accounts 20232,7 M €↑
2022
Annual accounts 20222,5 M €↑
2021
Annual accounts 20212,3 M €↑
2020
Annual accounts 20202,1 M €↑
2019
Annual accounts 20191,4 M €↑
2018
Annual accounts 20181,1 M €↓
2017
Annual accounts 20171,7 M €↓
2016
Annual accounts 20162,2 M €↑
2015
Annual accounts 2015887,9 k €↓
2014
Annual accounts 20141,4 M €↓
2013
Annual accounts 20131,6 M €↓
2012
Annual accounts 20122,5 M €↑
2011
Annual accounts 20111,7 M €↑
2010
Annual accounts 2010241,2 k €↑
2009
Annual accounts 2009-46,1 k €↓
2008
Annual accounts 2008471 k €
11/12/1975
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Top-Mix

Overview

What does Top-Mix do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline