ACTIVE

Top-Mix

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Financial year 2025 · Closed on 31/12/2025

Net result3,6 M €+24,3 %over 1 year

Revenue38,7 M €+12,9 %over 1 year

Equity21,1 M €+17,3 %over 1 year

Workforce45,4 ETP-3,2 %over 1 year

Identity

Source · BCE/KBO

Top-Mix is a Public limited company incorporated in 1975. Its main activity is: Treatment and disposal of hazardous waste. Its registered office is in Oostende. It employs on average 45,4 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: 31/12/2025
Average workforce: 45,4 ETP

Activities (NACE)

38222Treatment and disposal of hazardous waste· main 38320Recovery of sorted materials 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 52461Warehousing and support activities for transportation 90022Support activities to performing arts+15

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	38,7 M €	+12.9%	34,3 M €	+15.7%	29,6 M €	-3.6%	30,8 M €	+7.8%	28,5 M €
EBITDA	3,9 M €	-28.4%	5,4 M €	+15.1%	4,7 M €	+26.3%	3,7 M €	-14.3%	4,4 M €
Operating result	2,1 M €	-38.9%	3,4 M €	+10.2%	3,1 M €	+38.0%	2,2 M €	-21.5%	2,8 M €
Net result	3,6 M €	+24.3%	2,9 M €	+6.8%	2,7 M €	+10.8%	2,5 M €	+8.3%	2,3 M €
Balance sheet
Equity	21,1 M €	+17.3%	18 M €	+15.4%	15,6 M €	+7.5%	14,5 M €	+15.4%	12,6 M €
Total assets	46 M €	+11.9%	41,1 M €	+4.1%	39,5 M €	+21.7%	32,4 M €	+13.2%	28,7 M €
Cash	7,9 k €	+131%	3,4 k €	+124%	1,5 k €	+39.6%	1,1 k €	-71.5%	3,8 k €
Debts	15,9 M €	+1.3%	15,7 M €	-9.4%	17,3 M €	+34.3%	12,9 M €	+5.7%	12,2 M €
Other
Workforce	45,4 ETP	-3.2%	46,9 ETP	+4.9%	44,7 ETP	+4.0%	43,0 ETP	+4.4%	41,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GeMa-con0722.981.679Represented by Gene Maertens	Director01/07/2020 → 29/06/2029
RENONG0652.810.394Represented by Dries Devroe	Director01/07/2020 → 29/06/2029
VERHELST GROUP0466.316.018Represented by Johan VERHELST	Managing director10/09/2004 → 29/06/2029Director22/12/2023 → 2024 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CAROLINE VANHEEDE	Director09/05/2018 → 2019 accounts
GRACO0454.451.928Represented by Roger GRAUWET	Director09/05/2018 → 2019 accounts

Other companies at this address

Oudenburgsesteenweg 106 8400 Oostende

Company	CBE no.
BALEGRO● Active	0420.538.847
BTW-eenheid Verhelst Group● Active	0715.511.491
DRONGEN E40● Active	0792.867.706
EUROPEAN PORT SERVICES● Active	0421.687.605
GECA INVEST● Active	0471.743.266
RECYC WEST● Active	0455.261.085
TERRA COSA● Active	0881.076.239
T.M.C. BELGIUM● Active	0427.365.766
TM Verhelst-Vanlerberghe● Active	0761.666.467
TopAsfalt● Active	0508.599.407
TOP-MIX RECYCLING● Active	0720.650.018
Transport Janssens● Active	0415.603.626
VERHELST AANNEMINGEN● Active	0405.262.931
VERHELST Aannemingen - SOETAERT Algemene Ondernemingen 2● Active	0651.868.506
VERHELST GROUP● Active	0466.316.018
Verhelst Immo● Active	0416.873.534
VERHELST IMMO II● Active	0444.033.930
Verhelst Machines● Active	0460.700.510
VERHELST SERVICES● Active	1016.042.930

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/09/2026	15/07/2025	15/07/2024	27/06/2023	29/06/2022	14/07/2021
General meeting	28/08/2026	27/06/2025	28/06/2024	20/05/2023	21/05/2022	23/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	28/08/2026	02/09/2026	Dutch	PDF
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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GeMa-con0722.981.679Represented by Gene Maertens	Director01/07/2020 → 29/06/2029
RENONG0652.810.394Represented by Dries Devroe	Director01/07/2020 → 29/06/2029
VERHELST GROUP0466.316.018Represented by Johan VERHELST	Managing director10/09/2004 → 29/06/2029Director22/12/2023 → 2024 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CAROLINE VANHEEDE	Director09/05/2018 → 2019 accounts
GRACO0454.451.928Represented by Roger GRAUWET	Director09/05/2018 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

VERHELST GROUP

RENONG

GeMa-con

GRACO

CAROLINE VANHEEDE

BOUW BEHEER

THOMAS HARTNETT

Het Belfort

BRIVER INVEST

GRAUWET ROGER

1975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

Top-Mix

Oudenburgsesteenweg 106, 8400 Oostende

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Oudenburgsesteenweg 106, 8400 OostendeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00493745

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Top-MixCurrent	accounts 2008 → 2025	Accounts 2025 · 2026-00493745

Events

2025
Annual accounts 20253,6 M €↑
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

Top-Mix

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events