ACTIVE

TOPPIO

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Financial year 2025 · closed on 31/12/2025

Net result

20,9 k €

+111.2% YoY

Gross margin

43,3 k €

-18.6% YoY

Equity

720,6 k €

+3.0% YoY

What does TOPPIO do?

TOPPIO is a Public limited company incorporated in 1983. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Ieper.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.007.676

Incorporation

30/12/1983

Legal form

Public limited company

Registered office

Menenstraat 32
8900 Ieper · FlandreSee on map

Contributed capital

66 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

47716Retail sale of clothing in specialised stores· main 47716Retail sale of clothing in specialised stores 52421Warehousing and support activities for transportation

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2009		2008		2007
Income statement
Gross margin	43,3 k €	-18.6%	53,2 k €	-9.0%	58,5 k €	-82.2%	328,1 k €	+64.5%	199,4 k €	-68.7%	637 k €	+98.2%	321,4 k €	-16.8%	386,5 k €	+6.6%	362,4 k €	+5.2%	344,6 k €	+4.0%	331,2 k €	-29.9%	472,8 k €	+48.9%	317,6 k €	-45.4%	581,8 k €	+121%	263,3 k €	+25.4%	210 k €	-17.6%	254,8 k €
EBITDA	39,1 k €	+0.3%	39 k €	-10.3%	43,5 k €	-85.8%	305,5 k €	+198%	102,6 k €	-71.7%	362,8 k €	+77.7%	204,2 k €	-16.2%	243,6 k €	-5.8%	258,6 k €	+13.5%	227,9 k €	-24.3%	301,1 k €	+2.2%	294,7 k €	+37.6%	214,2 k €	-34.7%	328,2 k €	+96.6%	166,9 k €	+46.9%	113,7 k €	-33.0%	169,6 k €
Operating result	16,1 k €	-2.4%	16,5 k €	-22.8%	21,4 k €	-92.5%	283,3 k €	+202%	93,9 k €	-38.7%	153 k €	+282%	40,1 k €	+7.8%	37,2 k €	-60.0%	93,1 k €	-25.1%	124,4 k €	-40.4%	208,7 k €	+30.6%	159,8 k €	+45.3%	110 k €	-47.8%	210,7 k €	+215%	66,8 k €	+225%	20,6 k €	-62.2%	54,3 k €
Net result	20,9 k €	+111%	9,9 k €	+1532%	607,5 €	-99.7%	198,6 k €	+162%	-319,3 k €	-316%	148,1 k €	+640%	20 k €	-82.1%	111,9 k €	-34.9%	171,9 k €	-13.3%	198,3 k €	+8.7%	182,5 k €	+145%	74,3 k €	-47.0%	140,3 k €	-45.1%	255,4 k €	+29746%	855,8 €	-97.6%	35,4 k €	+7.0%	33,1 k €
Balance sheet
Equity	720,6 k €	+3.0%	699,7 k €	+1.4%	689,8 k €	+0.1%	689,2 k €	+30.9%	526,6 k €	-38.3%	853,4 k €	+2.8%	830,2 k €	+2.5%	810,2 k €	-26.2%	1,1 M €	+2.0%	1,1 M €	+0.3%	1,1 M €	+3.1%	1 M €	+3.4%	1 M €	+0.5%	1 M €	+24.3%	805,7 k €	+0.1%	804,8 k €	+4.6%	769,4 k €
Total assets	1,4 M €	-8.6%	1,6 M €	+3.8%	1,5 M €	-0.1%	1,5 M €	-28.1%	2,1 M €	-21.4%	2,7 M €	-3.4%	2,8 M €	-10.4%	3,1 M €	-9.3%	3,4 M €	+17.7%	2,9 M €	-3.1%	3 M €	+1.1%	3 M €	+11.6%	2,7 M €	+2.2%	2,6 M €	+12.8%	2,3 M €	+18.3%	2 M €	-10.6%	2,2 M €
Cash	6,8 k €	-22.0%	8,7 k €	+134%	3,7 k €	-7.1%	4 k €	-94.1%	68,3 k €	-92.2%	872 k €	+31.3%	664,2 k €	-35.1%	1 M €	-13.0%	1,2 M €	+36.2%	864,3 k €	-8.5%	944,1 k €	+8.8%	867,9 k €	+12.9%	768,8 k €	-32.3%	1,1 M €	+971%	106 k €	-68.5%	336,3 k €	-23.3%	438,2 k €
Debts	719,3 k €	-17.9%	876,5 k €	+6.0%	827,1 k €	+0.2%	825,2 k €	-48.2%	1,6 M €	-13.5%	1,8 M €	-5.8%	2 M €	-14.5%	2,3 M €	-1.4%	2,3 M €	+27.2%	1,8 M €	-5.0%	1,9 M €	+4.7%	1,8 M €	+16.8%	1,6 M €	+5.2%	1,5 M €	+1.8%	1,5 M €	+32.1%	1,1 M €	-19.5%	1,4 M €
Other
Workforce	–		0,0 ETP		0,0 ETP		–		3,0 ETP	-33.3%	4,5 ETP	+21.6%	3,7 ETP	+2.8%	3,6 ETP	+44.0%	2,5 ETP	-19.4%	3,1 ETP	+24.0%	2,5 ETP	-3.8%	2,6 ETP	-16.1%	3,1 ETP	-8.8%	3,4 ETP	+17.2%	2,9 ETP	-25.6%	3,9 ETP	+34.5%	2,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 29 ended

Active mandates

Julie Nadine Vandenbussche

Director · since 31 décembre 2020

Active

CARAPAT

Director · since 31 janvier 2020 · 0890.700.124

Represented by Carine Esther Esprit

Active

Patrick Gilbert Vandenbussche

Managing director · since 31 janvier 2020

Active

Ended mandates

Julie Nadine Vandenbussche

Director · since 31 décembre 2020 · until 31 janvier 2026

Ended

CARAPAT

Director · since 31 janvier 2020 · 0890.700.124

Represented by Carine ESTHER ESPRIT

Ended

CARAPAT

Director · since 31 janvier 2020 · until 31 janvier 2026 · 0890.700.124

Represented by Carine Esprit

Ended

CARAPAT

Director · since 31 janvier 2020 · until 31 janvier 2026 · 0890.700.124

Represented by Carine Esprit

Ended

At this address

Other companies at this address

Company	CBE no.
CARAPAT● Active	0890.700.124

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/02/2019
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	23 months
Filing date	30/07/2026	28/08/2025	26/09/2024	28/08/2023	28/10/2022	10/11/2021
General meeting	04/07/2026	31/07/2025	22/09/2024	03/06/2023	17/10/2022	09/10/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/07/2026	30/07/2026	Dutch	PDF
Abridged model	31/12/2024	31/07/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	22/09/2024	26/09/2024	Dutch	PDF
Abridged model	31/12/2022	03/06/2023	28/08/2023	Dutch	PDF
Abridged model	31/12/2021	17/10/2022	28/10/2022	Dutch	PDF
Abridged model	31/12/2020	09/10/2021	10/11/2021	Dutch	PDF
Abridged model	31/01/2019	16/07/2019	28/10/2019	Dutch	PDF
Abridged model	31/01/2018	17/07/2018	26/09/2018	Dutch	PDF
Abridged model	31/01/2017	18/07/2017	23/10/2017	Dutch	PDF
Abridged model	31/01/2016	19/07/2016	29/09/2016	Dutch	PDF
Abridged model	31/01/2015	22/07/2015	30/09/2015	Dutch	PDF
Abridged model	31/01/2014	15/07/2014	29/09/2014	Dutch	PDF
Abridged model	31/05/2012	22/02/2013	27/03/2013	Dutch	PDF
Abridged model	31/05/2011	03/02/2012	03/02/2012	Dutch	PDF
Abridged model	30/06/2009	05/12/2009	19/02/2010	Dutch	PDF
Abridged model	30/06/2008	06/12/2008	23/02/2009	Dutch	PDF
Abridged model	30/06/2007	01/12/2007	30/01/2008	Dutch	PDF
Abridged model	30/06/2006	02/12/2006	07/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2025 · 3 active · 29 ended

Active mandates

Julie Nadine Vandenbussche

Director · since 31 décembre 2020

Active

CARAPAT

Director · since 31 janvier 2020 · 0890.700.124

Represented by Carine Esther Esprit

Active

Patrick Gilbert Vandenbussche

Managing director · since 31 janvier 2020

Active

Ended mandates

Julie Nadine Vandenbussche

Director · since 31 décembre 2020 · until 31 janvier 2026

Ended

CARAPAT

Director · since 31 janvier 2020 · 0890.700.124

Represented by Carine ESTHER ESPRIT

Ended

CARAPAT

Director · since 31 janvier 2020 · until 31 janvier 2026 · 0890.700.124

Represented by Carine Esprit

Ended

CARAPAT

Director · since 31 janvier 2020 · until 31 janvier 2026 · 0890.700.124

Represented by Carine Esprit

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2020
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates13/04/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/01/2018
KAPITAAL - AANDELEN
PDF
Mandates25/01/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Other18/06/2013
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates25/04/2012
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

2025
Annual accounts 202520,9 k €↑
2024
Annual accounts 20249,9 k €↑
2023
Annual accounts 2023607,5 €↓
2022
Annual accounts 2022198,6 k €↑
2021
Annual accounts 2021-319,3 k €↓
2020
Annual accounts 2020148,1 k €↑
2019
Annual accounts 201920 k €↓
2018
Annual accounts 2018111,9 k €↓
2017
Annual accounts 2017171,9 k €↓
2016
Annual accounts 2016198,3 k €↑
2015
Annual accounts 2015182,5 k €↑
2014
Annual accounts 201474,3 k €↓
2012
Annual accounts 2012140,3 k €↓
2011
Annual accounts 2011255,4 k €↑
2009
Annual accounts 2009855,8 €↓
2008
Annual accounts 200835,4 k €↑
2007
Annual accounts 200733,1 k €
30/12/1983
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

TOPPIO

Overview

What does TOPPIO 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