ACTIVE

TOPS - SCHAUT

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Financial year 2025 · closed on 31/12/2025

Net result

73,3 k €

-67.7% YoY

Gross margin

956,8 k €

-14.4% YoY

Equity

224 k €

-17.8% YoY

Workforce

11,1 ETP

+2.8% YoY

What does TOPS - SCHAUT do?

TOPS - SCHAUT is a Private company with limited liability incorporated in 1994. Its registered office is in Herentals. It employs on average 11,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.230.727

Incorporation

21/03/1994

Legal form

Private company with limited liability

Registered office

Noordervaart(HRT) 23
2200 Herentals · FlandreSee on map

Contributed capital

10 288,50 €

Latest accounts

31/12/2025

Average workforce

11,1 ETP

Joint committees (3)

Signals

ProfitableLow riskGood 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	956,8 k €	-14.4%	1,1 M €	-2.8%	1,1 M €	+20.3%	954,8 k €	+13.8%	838,7 k €	-3.3%	867 k €	-5.4%	916,1 k €	+12.6%	813,4 k €	+23.9%	656,7 k €	+9.4%	600,3 k €	+23.6%	485,6 k €	-5.4%	513,1 k €	-0.1%	513,8 k €	-13.6%	594,4 k €	+12.1%	530,2 k €	+0.3%	528,4 k €	+14.2%	462,6 k €	+9.7%	421,8 k €	+37.7%	306,2 k €	+13.0%	271,1 k €
EBITDA	168,3 k €	-52.7%	355,8 k €	+135%	151,2 k €	-62.2%	399,5 k €	+20.3%	332 k €	-11.6%	375,5 k €	-13.1%	432,3 k €	+20.9%	357,4 k €	+53.7%	232,6 k €	+23.7%	188 k €	+84.7%	101,8 k €	-7.8%	110,5 k €	+27.8%	86,4 k €	-55.0%	192,2 k €	-5.9%	204,2 k €	+0.4%	203,4 k €	+21.9%	166,9 k €	+24.6%	134 k €	+28.7%	104,1 k €	-0.4%	104,5 k €
Operating result	131,8 k €	-57.7%	311,4 k €	+205%	102,1 k €	-71.8%	362,2 k €	+28.2%	282,4 k €	-12.7%	323,6 k €	-11.1%	364 k €	+26.5%	287,6 k €	+81.5%	158,5 k €	+9.8%	144,4 k €	+258%	40,4 k €	-25.4%	54,1 k €	+222%	16,8 k €	-83.4%	101,1 k €	-11.9%	114,8 k €	+0.4%	114,3 k €	+38.2%	82,7 k €	+51.6%	54,5 k €	+147%	22,1 k €	-46.0%	40,9 k €
Net result	73,3 k €	-67.7%	227,1 k €	+213%	72,7 k €	-73.4%	273,6 k €	+28.9%	212,3 k €	-5.2%	223,9 k €	-9.8%	248,4 k €	+41.9%	175,1 k €	+100%	87,4 k €	+1.5%	86,1 k €	+333%	19,9 k €	-24.1%	26,2 k €	+873%	2,7 k €	-95.5%	59,3 k €	-8.0%	64,4 k €	+15.8%	55,6 k €	+22.4%	45,4 k €	+66.1%	27,4 k €	+283%	7,1 k €	-72.1%	25,7 k €
Balance sheet
Equity	224 k €	-17.8%	272,4 k €	-59.7%	675,3 k €	+0.4%	672,7 k €	+2.4%	657,1 k €	+1.9%	644,8 k €	-7.3%	695,8 k €	+55.5%	447,4 k €	-0.1%	447,7 k €	+24.2%	360,4 k €	+31.4%	274,3 k €	-3.6%	284,4 k €	+10.1%	258,2 k €	-6.1%	275 k €	+27.5%	215,7 k €	+42.6%	151,3 k €	-3.7%	157,1 k €	+38.9%	113,1 k €	+29.7%	87,2 k €	+7.0%	81,5 k €
Total assets	1 M €	-23.0%	1,4 M €	-37.6%	2,2 M €	+10.7%	2 M €	+14.8%	1,7 M €	+34.1%	1,3 M €	+23.8%	1 M €	+1.4%	1 M €	+3.8%	974,5 k €	+16.8%	834 k €	+12.5%	741,2 k €	-14.1%	863,3 k €	+7.7%	801,5 k €	-30.8%	1,2 M €	+26.9%	911,9 k €	+9.4%	833,2 k €	-1.2%	843,1 k €	+15.5%	729,9 k €	+3.5%	704,9 k €	+37.5%	512,5 k €
Cash	208,1 k €	-22.4%	268 k €	+117%	123,7 k €	-70.0%	412,7 k €	-11.0%	463,8 k €	-21.2%	588,5 k €	+59.3%	369,5 k €	-4.0%	384,9 k €	+39.3%	276,4 k €	+59.5%	173,4 k €	+41.6%	122,4 k €	-50.4%	246,8 k €	+26.5%	195,1 k €	-40.9%	330 k €	-0.3%	330,9 k €	+16.3%	284,5 k €	+27.2%	223,7 k €	+90.5%	117,4 k €	+4.2%	112,8 k €	+676%	14,5 k €
Debts	697,2 k €	-7.7%	755,2 k €	-44.0%	1,3 M €	+16.7%	1,2 M €	+44.1%	801,4 k €	+38.8%	577,3 k €	+130%	251,3 k €	-52.0%	523,8 k €	+8.7%	481,8 k €	+9.8%	438,7 k €	+2.5%	428,1 k €	-25.3%	573,5 k €	+6.8%	537,2 k €	-36.8%	849,9 k €	+37.5%	618,3 k €	-6.7%	662,5 k €	+4.6%	633,6 k €	+4.4%	606,7 k €	+2.2%	593,4 k €	+38.8%	427,5 k €
Other
Workforce	11,1 ETP	+2.8%	10,8 ETP	0.0%	10,8 ETP	+10.2%	9,8 ETP	+4.3%	9,4 ETP	-1.1%	9,5 ETP	+4.4%	9,1 ETP		–		8,5 ETP	0.0%	8,5 ETP	+13.3%	7,5 ETP	0.0%	7,5 ETP	-11.8%	8,5 ETP	0.0%	8,5 ETP	+3.7%	8,2 ETP	+7.9%	7,6 ETP	+2.7%	7,4 ETP	+5.7%	7,0 ETP	+34.6%	5,2 ETP	+4.0%	5,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 12 ended

Active mandates

Mertens Bouwmanagement

Director · 0764.707.220

Represented by Geert Mertens

Active

Ended mandates

Chrisitine Schaut

Director

Ended

Chrisitine Schaut

Manager

Ended

Christine Schaut

Manager

Ended

Cupola

Director · 0453.889.031

Represented by Geert Mertens

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	01/01/2025	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	27/07/2026	22/05/2025	30/07/2024	30/06/2023	19/07/2022	02/07/2021
General meeting	17/06/2026	22/04/2025	19/06/2024	21/06/2023	15/06/2022	16/06/2021
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	17/06/2026	27/07/2026	Dutch	PDF
Abridged modelCorrection	31/12/2024	22/04/2025	22/05/2025	Dutch	PDF
Abridged model	31/12/2024	22/04/2025	05/05/2025	Dutch	PDF
Abridged model	31/12/2023	19/06/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	21/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	15/06/2022	19/07/2022	Dutch	PDF
Abridged model	31/12/2020	16/06/2021	02/07/2021	Dutch	PDF
Abridged model	31/12/2019	17/06/2020	27/08/2020	Dutch	PDF
Abridged model	31/12/2018	19/06/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	20/06/2018	02/08/2018	Dutch	PDF
Abridged model	31/12/2016	21/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	07/07/2016	Dutch	PDF
Abridged model	31/12/2014	17/06/2015	28/07/2015	Dutch	PDF
Abridged model	31/12/2013	18/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	19/06/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	09/08/2011	Dutch	PDF
Abridged model	31/12/2009	16/06/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	17/06/2009	14/08/2009	Dutch	PDF
Abridged model	31/12/2007	18/06/2008	20/06/2008	Dutch	PDF
Abridged model	31/12/2006	20/06/2007	16/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 1 active · 12 ended

Active mandates

Mertens Bouwmanagement

Director · 0764.707.220

Represented by Geert Mertens

Active

Ended mandates

Chrisitine Schaut

Director

Ended

Chrisitine Schaut

Manager

Ended

Christine Schaut

Manager

Ended

Cupola

Director · 0453.889.031

Represented by Geert Mertens

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring18/08/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring06/06/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/06/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring27/04/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates02/09/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates19/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/08/2018
KAPITAAL - AANDELEN
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 202573,3 k €↓
2024
Annual accounts 2024227,1 k €↑
2023
Annual accounts 202372,7 k €↓
2022
Annual accounts 2022273,6 k €↑
2021
Annual accounts 2021212,3 k €↓
2020
Annual accounts 2020223,9 k €↓
2019
Annual accounts 2019248,4 k €↑
2018
Annual accounts 2018175,1 k €↑
2017
Annual accounts 201787,4 k €↑
2016
Annual accounts 201686,1 k €↑
2015
Annual accounts 201519,9 k €↓
2014
Annual accounts 201426,2 k €↑
2013
Annual accounts 20132,7 k €↓
2012
Annual accounts 201259,3 k €↓
2011
Annual accounts 201164,4 k €↑
2010
Annual accounts 201055,6 k €↑
2009
Annual accounts 200945,4 k €↑
2008
Annual accounts 200827,4 k €↑
2007
Annual accounts 20077,1 k €↓
2006
Annual accounts 200625,7 k €
21/03/1994
IncorporationPrivate company with limited liability

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

TOPS - SCHAUT

Overview

What does TOPS - SCHAUT 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