NORMAL SITUATION

Topan

Export PDF

Financial year 2024 · closed on 31/12/2024

Net result

4,1 M €

+2102.9% YoY

Gross margin

6,9 M €

+416.9% YoY

Equity

15,5 M €

+36.0% YoY

Workforce

0,0 ETP

Company — Normal situation.

What does Topan do?

Topan is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.280.896

Legal form

Public limited company

Contributed capital

4 620 000,00 €

Latest accounts

31/12/2024

Average workforce

0,0 ETP

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	6,9 M €	+417%	1,3 M €	+5.0%	1,3 M €	+16.5%	1,1 M €	+243%	317,6 k €	+1388%	21,3 k €	-94.8%	407,5 k €	-2.4%	417,6 k €	-6.4%	446,2 k €	+37.2%	325,3 k €	+3682%	-9,1 k €	-107%	123,1 k €	-39.6%	203,9 k €	-10.1%	226,8 k €	+21.7%	186,4 k €	+668%	-32,8 k €	-123%	144,4 k €
EBITDA	6,8 M €	+452%	1,2 M €	+5.0%	1,2 M €	+17.4%	994,5 k €	+244%	289,1 k €	+3575%	-8,3 k €	-102%	380,5 k €	-2.5%	390,2 k €	-6.8%	418,6 k €	+47.7%	283,5 k €	+502%	-70,6 k €	-207%	65,9 k €	-55.2%	146,9 k €	-8.1%	159,8 k €	+30.1%	122,9 k €	+225%	-98,1 k €	-216%	84,5 k €
Operating result	5,5 M €	+2664%	198,9 k €	+59.9%	124,4 k €	+260%	-77,8 k €	+81.0%	-409,8 k €	+10.0%	-455,4 k €	-255%	-128,2 k €	-7.9%	-118,8 k €	+64.5%	-335 k €	-126%	-147,9 k €	+81.7%	-807,9 k €	-140%	-336,1 k €	-84.6%	-182 k €	-9.3%	-166,6 k €	+21.1%	-211,1 k €	+62.5%	-563,2 k €	-80.4%	-312,2 k €
Net result	4,1 M €	+2103%	-204,7 k €	-119%	-93,3 k €	+62.1%	-246,3 k €	+16.1%	-293,4 k €	-107%	4,2 M €	+10541%	39,5 k €	-82.3%	223,2 k €	+158%	-387 k €	-1546%	26,8 k €	-96.7%	813,5 k €	+2.1%	796,5 k €	+461%	-220,6 k €	-129%	749,2 k €	+2137%	-36,8 k €	+88.7%	-326,2 k €	-51.0%	-216 k €
Balance sheet
Equity	15,5 M €	+36.0%	11,4 M €	-1.8%	11,6 M €	-0.8%	11,7 M €	-2.6%	12 M €	-2.4%	12,3 M €	+51.8%	8,1 M €	+0.5%	8,1 M €	+2.8%	7,8 M €	-4.7%	8,2 M €	+0.3%	8,2 M €	+11.0%	7,4 M €	+12.1%	6,6 M €	-3.2%	6,8 M €	+12.4%	6,1 M €	-0.6%	6,1 M €	-5.1%	6,4 M €
Total assets	33,5 M €	+3.7%	32,3 M €	-2.7%	33,2 M €	-1.3%	33,7 M €	+100%	16,8 M €	+8.6%	15,5 M €	+59.3%	9,7 M €	-4.5%	10,2 M €	-8.5%	11,1 M €	-3.1%	11,5 M €	+12.7%	10,2 M €	+18.4%	8,6 M €	+9.3%	7,9 M €	+2.9%	7,6 M €	+19.7%	6,4 M €	-0.5%	6,4 M €	-4.8%	6,7 M €
Cash	48,2 k €	-86.1%	348,4 k €	+23.4%	282,2 k €	-49.5%	558,8 k €	+37.1%	407,4 k €	-93.6%	6,4 M €	+2623%	234,4 k €	-81.2%	1,2 M €	-39.6%	2,1 M €	-49.7%	4,1 M €	+69.2%	2,4 M €	+411%	475,5 k €	+4212%	11 k €	-49.1%	21,7 k €	+79.0%	12,1 k €	+10.6%	10,9 k €	+2.1%	10,7 k €
Debts	15,6 M €	-16.4%	18,6 M €	-3.1%	19,2 M €	-1.2%	19,4 M €	+587%	2,8 M €	+148%	1,1 M €	-16.3%	1,4 M €	-22.5%	1,8 M €	-39.5%	2,9 M €	+1.9%	2,9 M €	+93.0%	1,5 M €	+50.1%	983,6 k €	-0.2%	985,4 k €	+87.8%	524,6 k €	+331%	121,8 k €	-30.5%	175,2 k €	+9.1%	160,7 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		0,3 ETP	-66.7%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 16 ended

Active mandates

Michel LEMAHIEU

Managing director

Active

Ended mandates

Michel Lemahieu

Managing director · since 31 mai 2017 · until 31 mai 2023

Ended

Rebecca De Kesel

Director · since 31 mai 2017 · until 31 mai 2023

Ended

Antoine LEMAHIEU

Chairman of the board of directors · since 25 mai 2011 · until 30 mai 2012

Ended

Françoise DERIEUW

Managing director · since 25 mai 2011 · until 16 janvier 2017

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	23/06/2025	02/07/2024	17/07/2023	29/09/2022	17/08/2021	05/10/2020
General meeting	28/05/2025	26/06/2024	29/06/2023	22/09/2022	30/06/2021	08/09/2020
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

44 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	28/05/2025	23/06/2025	Dutch	PDF
Abridged model	31/12/2023	26/06/2024	02/07/2024	Dutch	PDF
Abridged model	31/12/2022	29/06/2023	17/07/2023	Dutch	PDF
Abridged model	31/12/2021	22/09/2022	29/09/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	17/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	05/10/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	18/06/2019	Dutch	PDF
Abridged model	31/12/2017	30/05/2018	14/06/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	25/05/2016	27/05/2016	Dutch	PDF
Abridged model	31/12/2014	27/05/2015	01/06/2015	Dutch	PDF
Abridged model	31/12/2013	28/05/2014	04/08/2014	Dutch	PDF
Abridged model	31/12/2012	29/05/2013	03/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/05/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	25/05/2011	09/06/2011	Dutch	PDF
Abridged model	31/12/2009	26/05/2010	03/06/2010	Dutch	PDF
Abridged model	31/12/2008	27/05/2009	04/06/2009	Dutch	PDF
Abridged model	31/12/2007	28/05/2008	05/06/2008	Dutch	PDF
Abridged model	31/12/2006	30/05/2007	14/06/2007	Dutch	PDF
Abridged model	31/12/2005	31/05/2006	08/06/2006	Dutch	PDF
Abridged model	31/12/2004	06/06/2005	15/06/2005	Dutch	PDF
Abridged model	31/12/2003	07/06/2004	22/06/2004	Dutch	PDF
Abridged model	31/12/2002	02/06/2003	06/06/2003	Dutch	PDF
Abridged model	31/12/2001	03/06/2002	20/06/2002	Dutch	PDF

View all 44 filings

Estimate

Indicative valuation

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 · 1 active · 16 ended

Active mandates

Michel LEMAHIEU

Managing director

Active

Ended mandates

Michel Lemahieu

Managing director · since 31 mai 2017 · until 31 mai 2023

Ended

Rebecca De Kesel

Director · since 31 mai 2017 · until 31 mai 2023

Ended

Antoine LEMAHIEU

Chairman of the board of directors · since 25 mai 2011 · until 30 mai 2012

Ended

Françoise DERIEUW

Managing director · since 25 mai 2011 · until 16 janvier 2017

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring18/08/2025
Fusie
PDF
Restructuring19/06/2025
Uittreksel voorstel van een fusie door overneming in de zin van artikel 12:2
PDF
Mandates15/01/2024
DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/09/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/02/2012
KAPITAAL - AANDELEN - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/06/2011
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 20244,1 M €↑
2023
Annual accounts 2023-204,7 k €↓
2022
Annual accounts 2022-93,3 k €↑
2021
Annual accounts 2021-246,3 k €↑
2018
Annual accounts 2018-293,4 k €↓
2017
Annual accounts 20174,2 M €↑
2016
Annual accounts 201639,5 k €↓
2015
Annual accounts 2015223,2 k €↑
2014
Annual accounts 2014-387 k €↓
2013
Annual accounts 201326,8 k €↓
2012
Annual accounts 2012813,5 k €↑
2011
Annual accounts 2011796,5 k €↑
2010
Annual accounts 2010-220,6 k €↓
2009
Annual accounts 2009749,2 k €↑
2008
Annual accounts 2008-36,8 k €↑
2007
Annual accounts 2007-326,2 k €↓
2006
Annual accounts 2006-216 k €

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

Topan

Overview

What does Topan do?

Trend over 17 financial years

Board of directors

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