ACTIVE

TOP CLASS PRODUCTS & SERVICES

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Financial year 2025 · closed on 31/03/2025

Net result

910,1 k €

+443.8% YoY

Gross margin

1,9 M €

Equity

4 M €

+29.5% YoY

Workforce

24,0 ETP

+1.7% YoY

What does TOP CLASS PRODUCTS & SERVICES do?

TOP CLASS PRODUCTS & SERVICES is a Public limited company incorporated in 1991. Its registered office is in Aarschot. It employs on average 24,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.889.528

Incorporation

07/02/1991

Legal form

Public limited company

Registered office

Ter Heidelaan 95
3200 Aarschot · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/03/2025

Average workforce

24,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,9 M €		–		–		10,9 M €	+158%	4,2 M €	+175%	1,5 M €	+20.6%	1,3 M €	+4.3%	1,2 M €	-7.0%	1,3 M €	+11.8%	1,2 M €	-0.9%	1,2 M €	+5.0%	1,1 M €	+13.7%	987,6 k €	-19.8%	1,2 M €	+25.3%	982,6 k €	-20.7%	1,2 M €	-15.7%	1,5 M €	+16.1%	1,3 M €
EBITDA	64,2 k €	-67.9%	200,2 k €	-97.6%	8,2 M €	+34.8%	6,1 M €	+134%	2,6 M €	+600%	370,9 k €	+119%	169,3 k €	-22.7%	219 k €	+7.4%	203,9 k €	+1.5%	200,9 k €	+11.1%	180,8 k €	+8.8%	166,1 k €	+45.1%	114,5 k €	-69.4%	374,1 k €	+114%	175,1 k €	-48.1%	337,1 k €	-38.7%	549,5 k €	+7.2%	512,6 k €
Operating result	1,2 M €	+509%	199 k €	-96.9%	6,4 M €	+13.7%	5,6 M €	+121%	2,5 M €	+720%	310 k €	+237%	91,9 k €	-22.5%	118,6 k €	+12.0%	105,9 k €	+19.5%	88,7 k €	+124%	39,6 k €	-48.9%	77,5 k €	+64.3%	47,2 k €	-71.0%	162,6 k €	+63.3%	99,6 k €	-61.1%	256 k €	-44.4%	460,1 k €	+11.9%	411,2 k €
Net result	910,1 k €	+444%	167,4 k €	-96.5%	4,8 M €	+15.5%	4,2 M €	+122%	1,9 M €	+768%	216,7 k €	+221%	67,5 k €	-14.2%	78,6 k €	+17.5%	66,9 k €	+19.3%	56 k €	+45.5%	38,5 k €	+6.6%	36,1 k €	-22.7%	46,7 k €	-53.8%	101,1 k €	+51.3%	66,8 k €	-60.5%	169 k €	-37.8%	271,7 k €	+13.7%	239 k €
Balance sheet
Equity	4 M €	+29.5%	3,1 M €	-32.1%	4,5 M €	+228%	1,4 M €	-44.6%	2,5 M €	+205%	822,1 k €	+16.5%	705,4 k €	+1.1%	697,9 k €	+2.7%	679,4 k €	+2.5%	662,5 k €	+0.9%	656,4 k €	-1.7%	667,9 k €	+4.7%	637,7 k €	-52.4%	1,3 M €	+8.2%	1,2 M €	+5.7%	1,2 M €	+16.8%	1 M €	+37.1%	732,2 k €
Total assets	6,4 M €	-9.9%	7,1 M €	-38.8%	11,7 M €	-3.1%	12 M €	+94.0%	6,2 M €	+192%	2,1 M €	+22.3%	1,7 M €	-19.7%	2,2 M €	+16.3%	1,9 M €	+5.8%	1,8 M €	+0.6%	1,8 M €	+14.1%	1,5 M €	-6.0%	1,6 M €	-24.8%	2,2 M €	+0.3%	2,2 M €	-5.4%	2,3 M €	-14.6%	2,7 M €	+17.0%	2,3 M €
Cash	1,2 M €	+140%	481,8 k €	-90.2%	4,9 M €	-33.0%	7,3 M €	+477%	1,3 M €	+221%	395 k €	-32.0%	580,6 k €	+198%	194,5 k €	-38.0%	313,9 k €	+10.5%	284,2 k €	+110%	135,3 k €	-18.3%	165,6 k €	+56.7%	105,6 k €	-85.5%	727,6 k €	+65.6%	439,2 k €	+19.1%	368,7 k €	-40.5%	619,2 k €	+144%	254 k €
Debts	2,1 M €	+48.6%	1,4 M €	-70.6%	4,7 M €	-52.9%	10,1 M €	+194%	3,4 M €	+227%	1 M €	+15.3%	907,1 k €	-34.4%	1,4 M €	+32.5%	1 M €	+10.9%	940,9 k €	-0.3%	943,4 k €	+19.8%	787,8 k €	-13.2%	907,1 k €	+34.6%	673,7 k €	-10.9%	756,5 k €	-16.1%	902,1 k €	-37.7%	1,4 M €	+11.4%	1,3 M €
Other
Workforce	24,0 ETP	+1.7%	23,6 ETP	+1.3%	23,3 ETP	+10.4%	21,1 ETP	+10.5%	19,1 ETP		–		–		–		15,6 ETP	0.0%	15,6 ETP	0.0%	15,6 ETP	+1.3%	15,4 ETP	+10.0%	14,0 ETP	0.0%	14,0 ETP	-10.8%	15,7 ETP	-7.6%	17,0 ETP	+4.3%	16,3 ETP	+15.6%	14,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 13 ended

Active mandates

DWM

Director · 0822.332.841

Represented by Walter Mulders

Active

Fophacon

Director · 0844.924.042

Represented by Dominique Lammerant

Active

Ended mandates

DWM

Director · since 26 juin 2015 · until 01 avril 2018 · 0822.332.841

Represented by Walter Mulders

Ended

Fophacon

Managing director · since 01 avril 2012 · until 01 avril 2018 · 0844.924.042

Represented by Dominique Lammerant

Ended

Fophacon

Managing director · since 01 avril 2012 · until 01 avril 2018 · 0844.924.042

Represented by Dominique Lammerant

Ended

DWM

Director · since 15 janvier 2010 · until 25 juin 2015 · 0822.332.841

Represented by Walter Mulders

Ended

At this address

Other companies at this address

Company	CBE no.
40-30 BENELUX● Active	0688.717.123
DLT IMMO● Active	0789.506.457
Fophacon● Active	0844.924.042
FRIBERT VASTGOED● Active	0567.990.923
NEW SOUND AND LIGHT● Active	0477.155.173
TEMPERATURE & AIR EQUIPMENT EUROPE● Active	0788.689.578

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Full model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/10/2025	26/11/2024	31/10/2023	28/10/2022	29/10/2021	30/09/2020
General meeting	29/08/2025	31/10/2024	31/10/2023	17/06/2022	18/06/2021	18/06/2020
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
Abridged model	31/03/2025	29/08/2025	29/10/2025	Dutch	PDF
Full model	31/03/2024	31/10/2024	26/11/2024	Dutch	PDF
Full model	31/03/2023	31/10/2023	31/10/2023	Dutch	PDF
Abridged model	31/03/2022	17/06/2022	28/10/2022	Dutch	PDF
Abridged model	31/03/2021	18/06/2021	29/10/2021	Dutch	PDF
Abridged model	31/03/2020	18/06/2020	30/09/2020	Dutch	PDF
Micro model	31/03/2019	20/06/2019	31/10/2019	Dutch	PDF
Micro model	31/03/2018	21/06/2018	28/09/2018	Dutch	PDF
Abridged model	31/03/2017	22/06/2017	28/09/2017	Dutch	PDF
Abridged model	31/03/2016	23/06/2016	30/09/2016	Dutch	PDF
Abridged model	31/03/2015	25/06/2015	30/11/2015	Dutch	PDF
Abridged model	31/03/2014	26/06/2014	30/09/2014	Dutch	PDF
Abridged model	31/03/2013	27/06/2013	09/10/2013	Dutch	PDF
Abridged model	31/03/2012	28/06/2012	04/10/2012	Dutch	PDF
Abridged model	31/03/2011	23/06/2011	31/10/2011	Dutch	PDF
Abridged model	31/03/2010	24/06/2010	30/11/2010	Dutch	PDF
Abridged model	31/03/2009	25/06/2009	30/11/2009	Dutch	PDF
Abridged model	31/03/2008	26/06/2008	29/11/2008	Dutch	PDF
Abridged model	31/03/2007	10/08/2007	10/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/03/2025 · 2 active · 13 ended

Active mandates

DWM

Director · 0822.332.841

Represented by Walter Mulders

Active

Fophacon

Director · 0844.924.042

Represented by Dominique Lammerant

Active

Ended mandates

DWM

Director · since 26 juin 2015 · until 01 avril 2018 · 0822.332.841

Represented by Walter Mulders

Ended

Fophacon

Managing director · since 01 avril 2012 · until 01 avril 2018 · 0844.924.042

Represented by Dominique Lammerant

Ended

Fophacon

Managing director · since 01 avril 2012 · until 01 avril 2018 · 0844.924.042

Represented by Dominique Lammerant

Ended

DWM

Director · since 15 janvier 2010 · until 25 juin 2015 · 0822.332.841

Represented by Walter Mulders

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office23/05/2024
MAATSCHAPPELIJKE ZETEL
PDF
Other27/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ALGEMENE VERGADERING
PDF
Mandates18/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/10/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/02/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/12/2009
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 2025910,1 k €↑
2024
Annual accounts 2024167,4 k €↓
2023
Annual accounts 20234,8 M €↑
2022
Annual accounts 20224,2 M €↑
2021
Annual accounts 20211,9 M €↑
2020
Annual accounts 2020216,7 k €↑
2019
Annual accounts 201967,5 k €↓
2018
Annual accounts 201878,6 k €↑
2017
Annual accounts 201766,9 k €↑
2016
Annual accounts 201656 k €↑
2015
Annual accounts 201538,5 k €↑
2014
Annual accounts 201436,1 k €↓
2013
Annual accounts 201346,7 k €↓
2012
Annual accounts 2012101,1 k €↑
2011
Annual accounts 201166,8 k €↓
2010
Annual accounts 2010169 k €↓
2009
Annual accounts 2009271,7 k €↑
2008
Annual accounts 2008239 k €
07/02/1991
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 CLASS PRODUCTS & SERVICES

Overview

What does TOP CLASS PRODUCTS & SERVICES do?

Trend over 18 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