ACTIVE

TOP WINDOWS

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Financial year 2025 · closed on 31/12/2025

Net result

-6,5 k €

-2817.8% YoY

Gross margin

231,6 k €

+29.1% YoY

Equity

284,5 k €

-2.2% YoY

Workforce

4,8 ETP

+71.4% YoY

What does TOP WINDOWS do?

TOP WINDOWS is a Private limited company incorporated in 1993. Its registered office is in Mouscron. It employs on average 4,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.286.578

Incorporation

05/02/1993

Legal form

Private limited company

Registered office

Rue du Bornoville 95
7700 Mouscron · WallonieSee on map

Contributed capital

340 548,95 €

Latest accounts

31/12/2025

Average workforce

4,8 ETP

Joint committees (3)

Signals

Good liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	231,6 k €	+29.1%	179,4 k €	-23.7%	235,1 k €	+261%	65,1 k €	-74.0%	250,5 k €	-30.6%	361 k €	-12.8%	414,1 k €	-18.6%	509 k €	-30.4%	730,9 k €	-0.4%	733,8 k €	-10.9%	823,9 k €	+25.6%	656,2 k €	-11.7%	743,1 k €	+11.9%	664,1 k €	+3.3%	643,1 k €	-4.0%	669,6 k €	+18.0%	567,5 k €	+4.7%	542,1 k €	+45.2%	373,4 k €	+8.7%	343,5 k €
EBITDA	10,9 k €	-65.6%	31,8 k €	-66.3%	94,4 k €	+194%	-100,7 k €	-238%	73,2 k €	+55.5%	47,1 k €	+143%	-109 k €	+31.7%	-159,7 k €	-314%	74,6 k €	-55.5%	167,6 k €	-37.1%	266,3 k €	+62.2%	164,2 k €	-26.1%	222,1 k €	+22.7%	181 k €	-0.7%	182,3 k €	+42.6%	127,9 k €	+12.5%	113,6 k €	+49.0%	76,2 k €	-22.6%	98,5 k €	+107%	47,6 k €
Operating result	947,1 €	-95.6%	21,7 k €	-74.2%	84,4 k €	+176%	-111,5 k €	-80.2%	-61,9 k €	-240%	44,1 k €	+135%	-124,8 k €	+23.3%	-162,7 k €	-347%	65,9 k €	-60.6%	167,6 k €	+4.3%	160,7 k €	-2.2%	164,2 k €	+4.1%	157,8 k €	-14.1%	183,7 k €	+0.8%	182,3 k €	+42.6%	127,9 k €	+12.5%	113,6 k €	+60.8%	70,7 k €	-2.4%	72,4 k €	+279%	19,1 k €
Net result	-6,5 k €	-2818%	238,9 €	+109%	-2,5 k €	+98.0%	-129,4 k €	-25.2%	-103,4 k €	-823%	14,3 k €	+109%	-152,6 k €	+20.6%	-192,3 k €	-1226%	17,1 k €	-83.3%	102,1 k €	+17.5%	86,9 k €	-10.2%	96,7 k €	-2.0%	98,7 k €	-11.9%	112 k €	+6.1%	105,6 k €	+39.0%	76 k €	+26.1%	60,2 k €	+108%	29 k €	-20.6%	36,5 k €	+419%	7 k €
Balance sheet
Equity	284,5 k €	-2.2%	291 k €	+0.1%	290,7 k €	-0.9%	293,2 k €	-30.6%	422,6 k €	-19.7%	526 k €	+2.8%	511,7 k €	-23.0%	664,3 k €	-22.4%	856,6 k €	+2.0%	839,5 k €	+13.8%	737,5 k €	+13.4%	650,6 k €	+173%	238,2 k €	-51.4%	490,5 k €	+29.6%	378,4 k €	+38.7%	272,8 k €	+38.6%	196,9 k €	+44.1%	136,7 k €	+26.9%	107,7 k €	+51.2%	71,2 k €
Total assets	1,6 M €	-8.1%	1,8 M €	-2.3%	1,8 M €	+16.7%	1,5 M €	-20.7%	1,9 M €	-20.4%	2,4 M €	+0.1%	2,4 M €	+18.3%	2,1 M €	+0.9%	2 M €	-3.1%	2,1 M €	+21.2%	1,7 M €	+17.7%	1,5 M €	+2.0%	1,5 M €	-22.4%	1,9 M €	+52.3%	1,2 M €	-19.3%	1,5 M €	+83.6%	829,3 k €	-8.3%	904,3 k €	-15.7%	1,1 M €	+20.3%	891,8 k €
Cash	187,2 k €	-46.0%	346,6 k €	-13.3%	399,7 k €	+89.4%	211,1 k €	+2.7%	205,4 k €	-23.3%	267,9 k €	+2.5%	261,2 k €	-14.6%	305,8 k €	+43.8%	212,7 k €	+5.8%	201,1 k €	-47.7%	384,2 k €	+55.0%	247,9 k €	+2.6%	241,6 k €	-62.2%	639,2 k €	+104%	313,5 k €	+17.6%	266,5 k €	+124%	118,8 k €	-33.0%	177,3 k €	+344%	39,9 k €	-81.2%	212,3 k €
Debts	1,3 M €	-9.3%	1,5 M €	-2.6%	1,5 M €	+20.9%	1,2 M €	-18.0%	1,5 M €	-20.8%	1,9 M €	-0.6%	1,9 M €	+37.9%	1,4 M €	+17.8%	1,2 M €	-6.5%	1,3 M €	+26.5%	1 M €	+21.2%	829,9 k €	-31.6%	1,2 M €	-12.1%	1,4 M €	+75.1%	788,5 k €	-29.2%	1,1 M €	+76.0%	632,5 k €	-17.6%	767,6 k €	-20.4%	964,9 k €	+17.6%	820,5 k €
Other
Workforce	4,8 ETP	+71.4%	2,8 ETP	-6.7%	3,0 ETP	+11.1%	2,7 ETP	-43.7%	4,8 ETP	-52.0%	10,0 ETP	-17.4%	12,1 ETP	-20.4%	15,2 ETP	-2.6%	15,6 ETP	+12.2%	13,9 ETP	+4.5%	13,3 ETP	+14.7%	11,6 ETP	-5.7%	12,3 ETP	+3.4%	11,9 ETP	+6.3%	11,2 ETP	-5.1%	11,8 ETP	0.0%	11,8 ETP	+3.5%	11,4 ETP	+58.3%	7,2 ETP	-4.0%	7,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 9 ended

Active mandates

Bernard Lafaut

Director · since 08 décembre 2023

Active

Freya VANNIEUWENHUYSE

Director · since 08 décembre 2023

Active

Paul Roger Seynaeve

Director · since 14 juillet 1993

Active

Ended mandates

Bernard LAFAUT

Director

Ended

BERNARD LAFAUT

Manager

Ended

Freya Vannieuwenhuyse

Director

Ended

Guido VANNIEUWENHUYSE

Director · until 08 juillet 2023

Ended

At this address

Other companies at this address

Company	CBE no.
ARBO● Active	0420.836.973
EUROFEN● Active	0421.413.530

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	01/01/2020
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	22/07/2026	28/08/2025	10/07/2024	09/08/2023	13/06/2022	30/06/2021
General meeting	26/06/2026	30/05/2025	31/05/2024	08/08/2023	27/05/2022	28/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	22/07/2026	French	PDF
Abridged model	31/12/2024	30/05/2025	28/08/2025	French	PDF
Abridged model	31/12/2023	31/05/2024	10/07/2024	French	PDF
Abridged model	31/12/2022	08/08/2023	09/08/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	13/06/2022	French	PDF
Abridged model	31/12/2020	28/06/2021	30/06/2021	French	PDF
Abridged model	31/12/2019	26/06/2020	17/07/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	27/06/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	05/06/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	01/06/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	01/06/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	26/06/2015	French	PDF
Abridged modelCorrection	31/12/2013	23/05/2014	11/03/2015	French	PDF
Abridged model	31/12/2013	23/05/2014	30/06/2014	French	PDF
Abridged model	31/12/2012	24/05/2013	25/06/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	21/06/2012	French	PDF
Abridged model	31/12/2010	17/06/2011	08/07/2011	French	PDF
Abridged model	31/12/2009	23/04/2010	28/06/2010	French	PDF
Abridged model	31/12/2008	16/05/2009	24/06/2009	French	PDF
Abridged model	31/12/2007	17/05/2008	26/05/2008	Dutch	PDF
Abridged model	31/12/2006	19/05/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 9 ended

Active mandates

Bernard Lafaut

Director · since 08 décembre 2023

Active

Freya VANNIEUWENHUYSE

Director · since 08 décembre 2023

Active

Paul Roger Seynaeve

Director · since 14 juillet 1993

Active

Ended mandates

Bernard LAFAUT

Director

Ended

BERNARD LAFAUT

Manager

Ended

Freya Vannieuwenhuyse

Director

Ended

Guido VANNIEUWENHUYSE

Director · until 08 juillet 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Capital / shares23/04/2014
CAPITAL, ACTIONS
PDF
Registered office10/04/2007
MAATSCHAPPELIJKE ZETEL
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 2025-6,5 k €↓
2024
Annual accounts 2024238,9 €↑
2023
Annual accounts 2023-2,5 k €↑
2022
Annual accounts 2022-129,4 k €↓
2021
Annual accounts 2021-103,4 k €↓
2020
Annual accounts 202014,3 k €↑
2019
Annual accounts 2019-152,6 k €↑
2018
Annual accounts 2018-192,3 k €↓
2017
Annual accounts 201717,1 k €↓
2016
Annual accounts 2016102,1 k €↑
2015
Annual accounts 201586,9 k €↓
2014
Annual accounts 201496,7 k €↓
2013
Annual accounts 201398,7 k €↓
2012
Annual accounts 2012112 k €↑
2011
Annual accounts 2011105,6 k €↑
2010
Annual accounts 201076 k €↑
2009
Annual accounts 200960,2 k €↑
2008
Annual accounts 200829 k €↓
2007
Annual accounts 200736,5 k €↑
2006
Annual accounts 20067 k €
05/02/1993
IncorporationPrivate 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 WINDOWS

Overview

What does TOP WINDOWS do?

Trend over 20 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