ACTIVE

TOP LOGISTICS

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Financial year 2025 · closed on 30/09/2025

Net result

13,6 k €

-24.2% YoY

Gross margin

1,2 M €

-19.5% YoY

Equity

780,7 k €

+1.8% YoY

Workforce

22,9 ETP

-18.8% YoY

What does TOP LOGISTICS do?

TOP LOGISTICS is a Public limited company incorporated in 2003. Its registered office is in Zandhoven. It employs on average 22,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.910.369

Incorporation

01/04/2003

Legal form

Public limited company

Registered office

Liersebaan 123/B
2240 Zandhoven · FlandreSee on map

Contributed capital

185 000,00 €

Latest accounts

30/09/2025

Average workforce

22,9 ETP

Joint committees (4)

140
14003
226
22600

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,2 M €	-19.5%	1,5 M €	-7.4%	1,7 M €	-7.7%	1,8 M €	+21.4%	1,5 M €	+3.4%	1,4 M €	-7.0%	1,5 M €		–		–		–		–		–		–		–		–		–		–
EBITDA	99,3 k €	-2.2%	101,5 k €	-27.9%	140,8 k €	+114%	65,8 k €	+32.4%	49,7 k €	-14.6%	58,2 k €	+60.8%	36,2 k €	-75.0%	144,6 k €	+15.4%	125,3 k €	-8.8%	137,4 k €	-6.3%	146,6 k €	+22.3%	119,9 k €	-1.3%	121,4 k €	-33.1%	181,4 k €	-26.6%	247,3 k €	+18.7%	208,4 k €	+29.3%	161,2 k €
Operating result	22,4 k €	-19.3%	27,8 k €	-60.5%	70,2 k €	+1465%	4,5 k €	-71.6%	15,8 k €	-21.4%	20,1 k €	+135%	-57,5 k €	-286%	30,9 k €	+954%	2,9 k €	-83.2%	17,5 k €	+21.1%	14,4 k €	-8.4%	15,8 k €	+156%	6,2 k €	-76.2%	25,8 k €	-67.6%	79,6 k €	+25.4%	63,5 k €	+27.1%	49,9 k €
Net result	13,6 k €	-24.2%	18 k €	-65.5%	52,1 k €	+42074%	123,4 €	-98.8%	10,2 k €	-41.7%	17,5 k €	+129%	-60,1 k €	-324%	26,8 k €	+2554%	1 k €	-94.4%	18,2 k €	-6.4%	19,4 k €	+30.6%	14,9 k €	+244%	4,3 k €	-80.9%	22,7 k €	-66.8%	68,4 k €	+22.7%	55,7 k €	+45.6%	38,3 k €
Balance sheet
Equity	780,7 k €	+1.8%	767,1 k €	+2.4%	749,1 k €	+7.5%	697,1 k €	+5.9%	658,3 k €	+1.6%	648,1 k €	+2.8%	630,5 k €	-8.7%	690,6 k €	+4.0%	663,8 k €	+0.2%	662,8 k €	+2.8%	644,6 k €	+3.1%	625,2 k €	+2.4%	610,3 k €	+0.7%	606 k €	+3.9%	583,3 k €	+13.3%	514,9 k €	+12.1%	459,2 k €
Total assets	1 M €	-3.7%	1 M €	-4.4%	1,1 M €	+2.7%	1,1 M €	+10.6%	957,2 k €	+9.5%	874 k €	+0.4%	870,5 k €	-9.2%	958,6 k €	-2.3%	980,9 k €	-0.7%	987,5 k €	+0.9%	978,4 k €	-3.4%	1 M €	-13.1%	1,2 M €	+4.8%	1,1 M €	-39.6%	1,8 M €	+27.3%	1,4 M €	+80.5%	802,1 k €
Cash	206,5 k €	-10.2%	230 k €	-15.9%	273,6 k €	+43.7%	190,3 k €	+74.0%	109,4 k €	+169%	40,6 k €	-38.2%	65,6 k €	-80.3%	333,1 k €	+71.2%	194,5 k €	+154%	76,6 k €	+58.3%	48,4 k €	-85.5%	332,9 k €	+54.8%	215,1 k €	+72.3%	124,8 k €	-31.9%	183,3 k €	-34.2%	278,5 k €	+311%	67,8 k €
Debts	211,4 k €	-21.7%	270 k €	-20.1%	337,8 k €	-6.6%	361,6 k €	+21.0%	298,9 k €	+32.3%	225,9 k €	-5.9%	240 k €	-10.5%	268 k €	-15.5%	317,1 k €	-0.5%	318,7 k €	+3.2%	308,9 k €	-11.3%	348,4 k €	-22.0%	446,6 k €	+28.2%	348,3 k €	-68.2%	1,1 M €	+31.6%	832,6 k €	+143%	342,9 k €
Other
Workforce	22,9 ETP	-18.8%	28,2 ETP	-11.3%	31,8 ETP	-9.7%	35,2 ETP	+4.1%	33,8 ETP	+2.4%	33,0 ETP	-7.0%	35,5 ETP	-8.3%	38,7 ETP	-2.0%	39,5 ETP	-2.5%	40,5 ETP	-1.0%	40,9 ETP	-1.4%	41,5 ETP	+7.2%	38,7 ETP	+1.3%	38,2 ETP	-1.3%	38,7 ETP	-1.8%	39,4 ETP	+6.5%	37,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 9 ended

Active mandates

Christophe Vandenberghe

Director · since 18 mars 2021 · until 18 mars 2027

Active

Frederik Verfaillie

Director · since 18 mars 2021 · until 18 mars 2027

Active

Pieter Sintobin

Managing director · since 18 mars 2021 · until 18 mars 2027

Active

Ended mandates

Christophe Vandenberghe

Director · since 19 mars 2015 · until 18 mars 2021

Ended

Frederik Verfaillie

Director · since 19 mars 2015 · until 18 mars 2021

Ended

Johan Sintobin

Managing director · since 19 mars 2015 · until 18 mars 2021

Ended

Christophe VANDENBERGHE

Director · since 19 mars 2009 · until 19 mars 2015

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	30/03/2026	01/04/2025	25/03/2024	22/03/2023	18/03/2022	20/04/2021
General meeting	19/03/2026	20/03/2025	21/03/2024	16/03/2023	17/03/2022	18/03/2021
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	19/03/2026	30/03/2026	Dutch	PDF
Abridged model	30/09/2024	20/03/2025	01/04/2025	Dutch	PDF
Abridged model	30/09/2023	21/03/2024	25/03/2024	Dutch	PDF
Abridged model	30/09/2022	16/03/2023	22/03/2023	Dutch	PDF
Abridged model	30/09/2021	17/03/2022	18/03/2022	Dutch	PDF
Abridged model	30/09/2020	18/03/2021	20/04/2021	Dutch	PDF
Abridged model	30/09/2019	19/03/2020	08/04/2020	Dutch	PDF
Abridged model	30/09/2018	21/03/2019	30/04/2019	Dutch	PDF
Abridged model	30/09/2017	15/03/2018	10/04/2018	Dutch	PDF
Full model	30/09/2016	09/02/2017	09/03/2017	Dutch	PDF
Full model	30/09/2015	17/03/2016	15/04/2016	Dutch	PDF
Full model	30/09/2014	19/03/2015	20/04/2015	Dutch	PDF
Full model	30/09/2013	20/03/2014	08/04/2014	Dutch	PDF
Full model	30/09/2012	21/03/2013	22/04/2013	Dutch	PDF
Full model	30/09/2011	15/03/2012	23/05/2012	Dutch	PDF
Full model	30/09/2010	17/03/2011	18/05/2011	Dutch	PDF
Full model	30/09/2009	18/03/2010	30/04/2010	Dutch	PDF
Full model	30/09/2008	19/03/2009	29/04/2009	Dutch	PDF
Full model	30/09/2007	20/03/2008	28/05/2008	Dutch	PDF
Full model	30/09/2006	15/03/2007	12/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 3 active · 9 ended

Active mandates

Christophe Vandenberghe

Director · since 18 mars 2021 · until 18 mars 2027

Active

Frederik Verfaillie

Director · since 18 mars 2021 · until 18 mars 2027

Active

Pieter Sintobin

Managing director · since 18 mars 2021 · until 18 mars 2027

Active

Ended mandates

Christophe Vandenberghe

Director · since 19 mars 2015 · until 18 mars 2021

Ended

Frederik Verfaillie

Director · since 19 mars 2015 · until 18 mars 2021

Ended

Johan Sintobin

Managing director · since 19 mars 2015 · until 18 mars 2021

Ended

Christophe VANDENBERGHE

Director · since 19 mars 2009 · until 19 mars 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other18/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates19/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/05/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/05/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/04/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/05/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/05/2007
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 202513,6 k €↓
2024
Annual accounts 202418 k €↓
2023
Annual accounts 202352,1 k €↑
2022
Annual accounts 2022123,4 €↓
2019
Annual accounts 201910,2 k €↓
2018
Annual accounts 201817,5 k €↑
2017
Annual accounts 2017-60,1 k €↓
2016
Annual accounts 201626,8 k €↑
2015
Annual accounts 20151 k €↓
2014
Annual accounts 201418,2 k €↓
2013
Annual accounts 201319,4 k €↑
2012
Annual accounts 201214,9 k €↑
2011
Annual accounts 20114,3 k €↓
2010
Annual accounts 201022,7 k €↓
2009
Annual accounts 200968,4 k €↑
2008
Annual accounts 200855,7 k €↑
2007
Annual accounts 200738,3 k €
01/04/2003
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 LOGISTICS

Overview

What does TOP LOGISTICS do?

Trend over 17 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