ACTIVE

TOPSPIN

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Financial year 2025 · closed on 30/09/2025

Net result

-13,9 k €

+22.1% YoY

Gross margin

190,1 k €

+15.5% YoY

Equity

315,6 k €

-4.2% YoY

Workforce

2,7 ETP

-12.9% YoY

What does TOPSPIN do?

TOPSPIN is a Public limited company incorporated in 1993. Its main activity is: Beverage serving activities. Its registered office is in Zele. It employs on average 2,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.287.550

Incorporation

29/10/1993

Legal form

Public limited company

Registered office

Lange Akker 14
9240 Zele · FlandreSee on map

Contributed capital

555 000,00 €

Latest accounts

30/09/2025

Average workforce

2,7 ETP

Activities (NACE)

56301Beverage serving activities· main 56301Beverage serving activities 92611Gambling and betting activities 92613Gambling and betting activities 93110Operation of sports facilities 93110Operation of sports facilities+5

Joint committees (1)

Signals

Positive cashflowPositive EBITDAHealthy social debts

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Health score

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Recommended credit limit

✦ 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	190,1 k €	+15.5%	164,6 k €	+4.2%	158 k €	+19.1%	132,6 k €	-15.4%	156,7 k €	-10.5%	175,2 k €	-2.4%	179,6 k €	-3.2%	185,5 k €	-0.4%	186,2 k €	+32.0%	141,1 k €	-2.4%	144,6 k €	+5.7%	136,8 k €	-14.6%	160,2 k €	+6.6%	150,2 k €	+20.3%	124,9 k €	-12.9%	143,4 k €	+8.9%	131,7 k €	+5.9%	124,3 k €	-4.7%	130,5 k €	+12.4%	116,1 k €
EBITDA	70,3 k €	+14.0%	61,7 k €	-6.4%	65,9 k €	+52.6%	43,2 k €	-62.3%	114,6 k €	+18.7%	96,5 k €	+7.8%	89,5 k €	-4.6%	93,8 k €	-4.4%	98,2 k €	+47.6%	66,5 k €	-11.2%	75 k €	-0.1%	75 k €	-16.2%	89,5 k €	+5.0%	85,2 k €	+28.9%	66,1 k €	-27.9%	91,7 k €	+11.4%	82,3 k €	+5.8%	77,8 k €	-11.3%	87,7 k €	+19.5%	73,4 k €
Operating result	-10,2 k €	+14.6%	-11,9 k €	+33.4%	-17,9 k €	+71.2%	-62,3 k €	-1393%	4,8 k €	-54.8%	10,7 k €	+23.6%	8,6 k €	-55.6%	19,4 k €	-24.6%	25,8 k €	+855%	2,7 k €	-85.6%	18,8 k €	+17.6%	15,9 k €	-61.6%	41,5 k €	+3.2%	40,2 k €	+101%	20,1 k €	-55.9%	45,4 k €	+49.9%	30,3 k €	+41.9%	21,4 k €	-39.4%	35,2 k €	-4.5%	36,9 k €
Net result	-13,9 k €	+22.1%	-17,9 k €	+36.9%	-28,3 k €	+61.5%	-73,6 k €	-844%	-7,8 k €	-214%	-2,5 k €	+23.2%	-3,2 k €	-702%	537,6 €	+174%	-730,4 €	+97.3%	-27,2 k €	-60.3%	-17 k €	+26.0%	-22,9 k €	-912%	-2,3 k €	-187%	-790,7 €	+95.8%	-18,8 k €	-433%	5,6 k €	+139%	-14,3 k €	+40.2%	-23,9 k €	-146%	-9,7 k €	-123%	-4,4 k €
Balance sheet
Equity	315,6 k €	-4.2%	329,5 k €	-5.1%	347,3 k €	+1255%	25,6 k €	-74.2%	99,2 k €	-7.3%	107 k €	-2.3%	109,5 k €	-2.9%	112,8 k €	+0.5%	112,2 k €	-0.6%	113 k €	+179%	40,5 k €	-29.5%	57,5 k €	-28.5%	80,4 k €	-2.7%	82,6 k €	-0.9%	83,4 k €	-18.4%	102,2 k €	+5.8%	96,6 k €	-12.9%	110,9 k €	-17.8%	134,8 k €	-6.7%	144,5 k €
Total assets	1,8 M €	+5.7%	1,7 M €	+9.4%	1,5 M €	+20.7%	1,3 M €	-6.7%	1,4 M €	-10.9%	1,5 M €	+20.8%	1,3 M €	-0.4%	1,3 M €	-4.9%	1,3 M €	+2.5%	1,3 M €	+8.7%	1,2 M €	-2.8%	1,2 M €	+7.0%	1,2 M €	+2.4%	1,1 M €	+16.8%	971 k €	-3.4%	1 M €	-2.2%	1 M €	-2.5%	1,1 M €	-3.7%	1,1 M €	+4.7%	1 M €
Cash	333 k €	+96.9%	169,1 k €	-55.7%	382,1 k €	+1298%	27,3 k €	+20.9%	22,6 k €	-85.7%	157,9 k €	+136%	67 k €	+50.7%	44,5 k €	-30.5%	64 k €	-6.9%	68,7 k €	+22.9%	55,9 k €	-4.1%	58,3 k €	-7.7%	63,1 k €	+4.7%	60,3 k €	+61.9%	37,2 k €	-5.2%	39,3 k €	-2.4%	40,2 k €	-6.5%	43 k €	-9.9%	47,8 k €	+32.4%	36,1 k €
Debts	1,4 M €	+8.1%	1,3 M €	+13.7%	1,2 M €	-4.8%	1,2 M €	-1.2%	1,2 M €	-11.8%	1,4 M €	+23.3%	1,1 M €	-0.1%	1,1 M €	-5.1%	1,2 M €	+3.8%	1,2 M €	+2.3%	1,1 M €	-1.6%	1,2 M €	+10.3%	1 M €	+2.7%	1 M €	+19.6%	849,1 k €	-1.6%	862,5 k €	-3.0%	889,5 k €	-1.6%	903,7 k €	-1.9%	921,3 k €	+6.6%	864,6 k €
Other
Workforce	2,7 ETP	-12.9%	3,1 ETP	+29.2%	2,4 ETP	-27.3%	3,3 ETP	+43.5%	2,3 ETP	+4.5%	2,2 ETP	-29.0%	3,1 ETP	-8.8%	3,4 ETP	+41.7%	2,4 ETP	+20.0%	2,0 ETP	+81.8%	1,1 ETP	-8.3%	1,2 ETP	-20.0%	1,5 ETP	+7.1%	1,4 ETP	+16.7%	1,2 ETP	+20.0%	1,0 ETP	-9.1%	1,1 ETP	-8.3%	1,2 ETP	+9.1%	1,1 ETP	+10.0%	1,0 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 30/09/2025 · 2 active · 13 ended

Active mandates

GODELIEVE WAUMAN

Managing director · since 20 mars 2023 · until 05 mars 2029

Active

ROBERT IVENS

Director · since 20 mars 2023 · until 05 mars 2029

Active

Ended mandates

GODELIEVE WAUMAN

Managing director · since 20 mars 2023 · until 20 mars 2029

Ended

Robert Ivens

Director · since 20 mars 2023 · until 20 mars 2029

Ended

ROBERT IVENS

Director · since 20 mars 2023

Ended

Anneleen Ivens

Director · since 20 mars 2017 · until 20 mars 2023

Ended

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/05/2026	23/05/2025	29/04/2024	30/04/2023	11/05/2022	31/05/2021
General meeting	30/03/2026	30/03/2025	30/03/2024	20/03/2023	21/03/2022	30/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	30/03/2026	28/05/2026	Dutch	PDF
Abridged model	30/09/2024	30/03/2025	23/05/2025	Dutch	PDF
Abridged model	30/09/2023	30/03/2024	29/04/2024	Dutch	PDF
Abridged model	30/09/2022	20/03/2023	30/04/2023	Dutch	PDF
Abridged model	30/09/2021	21/03/2022	11/05/2022	Dutch	PDF
Abridged model	30/09/2020	30/03/2021	31/05/2021	Dutch	PDF
Abridged model	30/09/2019	30/03/2020	28/05/2020	Dutch	PDF
Abridged model	30/09/2018	16/04/2019	28/05/2019	Dutch	PDF
Abridged model	30/09/2017	30/03/2018	30/04/2018	Dutch	PDF
Abridged model	30/09/2016	20/03/2017	12/05/2017	Dutch	PDF
Abridged model	30/09/2015	21/03/2016	30/03/2016	Dutch	PDF
Abridged model	30/09/2014	31/03/2015	01/04/2015	Dutch	PDF
Abridged model	30/09/2013	31/03/2014	05/05/2014	Dutch	PDF
Abridged model	30/09/2012	25/03/2013	24/04/2013	Dutch	PDF
Abridged model	30/09/2011	31/03/2012	30/04/2012	Dutch	PDF
Abridged model	30/09/2010	30/03/2011	03/05/2011	Dutch	PDF
Abridged model	30/09/2009	30/03/2010	28/04/2010	Dutch	PDF
Abridged model	30/09/2008	23/03/2009	29/04/2009	Dutch	PDF
Abridged model	30/09/2007	29/03/2008	29/04/2008	Dutch	PDF
Abridged model	30/09/2006	30/03/2007	27/04/2007	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 30/09/2025 · 2 active · 13 ended

Active mandates

GODELIEVE WAUMAN

Managing director · since 20 mars 2023 · until 05 mars 2029

Active

ROBERT IVENS

Director · since 20 mars 2023 · until 05 mars 2029

Active

Ended mandates

GODELIEVE WAUMAN

Managing director · since 20 mars 2023 · until 20 mars 2029

Ended

Robert Ivens

Director · since 20 mars 2023 · until 20 mars 2029

Ended

ROBERT IVENS

Director · since 20 mars 2023

Ended

Anneleen Ivens

Director · since 20 mars 2017 · until 20 mars 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring25/11/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates09/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/07/2016
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office10/05/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates10/06/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/01/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/10/2005
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 2025-13,9 k €↑
2024
Annual accounts 2024-17,9 k €↑
2023
Annual accounts 2023-28,3 k €↑
2022
Annual accounts 2022-73,6 k €↓
2021
Annual accounts 2021-7,8 k €↓
2020
Annual accounts 2020-2,5 k €↑
2019
Annual accounts 2019-3,2 k €↓
2018
Annual accounts 2018537,6 €↑
2017
Annual accounts 2017-730,4 €↑
2016
Annual accounts 2016-27,2 k €↓
2015
Annual accounts 2015-17 k €↑
2014
Annual accounts 2014-22,9 k €↓
2013
Annual accounts 2013-2,3 k €↓
2012
Annual accounts 2012-790,7 €↑
2011
Annual accounts 2011-18,8 k €↓
2010
Annual accounts 20105,6 k €↑
2009
Annual accounts 2009-14,3 k €↑
2008
Annual accounts 2008-23,9 k €↓
2007
Annual accounts 2007-9,7 k €↓
2006
Annual accounts 2006-4,4 k €
29/10/1993
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

TOPSPIN

Overview

What does TOPSPIN do?

Trend over 20 financial years

Indicative valuation

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