ACTIVE

TopAsfalt

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Financial year 2025 · Closed on 31/12/2025

Net result149,2 k €-46,2 %over 1 year

Revenue11,8 M €-15,1 %over 1 year

Equity1,6 M €+5,9 %over 1 year

Workforce7,2 ETP-6,5 %over 1 year

Identity

Source · BCE/KBO

TopAsfalt is a Public limited company incorporated in 2012. Its main activity is: Manufacture of other non-metallic mineral products n.e.c.. Its registered office is in Oostende. It employs on average 7,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0508.599.407
Incorporation: 19/12/2012
Legal form: Public limited company
Registered office: Oudenburgsesteenweg 106
8400 Oostende · FlandreSee on map
Contributed capital: 351 780,00 €
Latest accounts: 31/12/2025
Average workforce: 7,2 ETP

Activities (NACE)

23990Manufacture of other non-metallic mineral products n.e.c.· main 23990Manufacture of other non-metallic mineral products n.e.c.42110Construction of roads and motorways 42110Construction of roads and motorways

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 14 filings

Trend over 13 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	11,8 M €	-15.1%	13,8 M €	+9.1%	12,7 M €	+1.8%	12,5 M €	+20.9%	10,3 M €
EBITDA	1,1 M €	-9.7%	1,2 M €	+6.6%	1,2 M €	-8.8%	1,3 M €	-3.1%	1,3 M €
Operating result	421 k €	-25.0%	561 k €	+8.4%	517,7 k €	-17.2%	625,5 k €	-15.8%	742,6 k €
Net result	149,2 k €	-46.2%	277,4 k €	+9.3%	253,7 k €	-43.8%	451,3 k €	-15.7%	535,5 k €
Balance sheet
Equity	1,6 M €	+5.9%	1,5 M €	-54.0%	3,3 M €	+6.3%	3,1 M €	+14.4%	2,7 M €
Total assets	8 M €	-22.2%	10,2 M €	+1.2%	10,1 M €	-1.6%	10,3 M €	+3.0%	10 M €
Cash	341,3 k €	-90.8%	3,7 M €	+78.3%	2,1 M €	-31.6%	3 M €	+90.3%	1,6 M €
Debts	6,3 M €	-27.2%	8,7 M €	+28.0%	6,8 M €	-5.0%	7,2 M €	-1.3%	7,3 M €
Other
Workforce	7,2 ETP	-6.5%	7,7 ETP	+22.2%	6,3 ETP	-10.0%	7,0 ETP	0.0%	7,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
VERHELST GROUP0466.316.018Represented by Johan VERHELST	Managing director19/12/2012 → 29/06/2029
AANNEMINGSBEDRIJF NORRE-BEHAEGEL0447.557.901Represented by Joeri NORRE	Director24/10/2015 → 25/06/2027
JKI0884.072.747Represented by Jan KNOCKAERT	Director24/10/2015 → 25/06/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BOUW BEHEER0454.532.201Represented by Kathleen Verhelst	Director19/12/2012 → 2014 accounts
GRAUWET ROGER0880.852.446Represented by Roger Grauwet	Director19/12/2012 → 2014 accounts

Other companies at this address

Oudenburgsesteenweg 106 8400 Oostende

Company	CBE no.
BALEGRO● Active	0420.538.847
BTW-eenheid Verhelst Group● Active	0715.511.491
DRONGEN E40● Active	0792.867.706
EUROPEAN PORT SERVICES● Active	0421.687.605
GECA INVEST● Active	0471.743.266
RECYC WEST● Active	0455.261.085
TERRA COSA● Active	0881.076.239
T.M.C. BELGIUM● Active	0427.365.766
TM Verhelst-Vanlerberghe● Active	0761.666.467
Top-Mix● Active	0415.555.324
TOP-MIX RECYCLING● Active	0720.650.018
Transport Janssens● Active	0415.603.626
VERHELST AANNEMINGEN● Active	0405.262.931
VERHELST Aannemingen - SOETAERT Algemene Ondernemingen 2● Active	0651.868.506
VERHELST GROUP● Active	0466.316.018
Verhelst Immo● Active	0416.873.534
VERHELST IMMO II● Active	0444.033.930
Verhelst Machines● Active	0460.700.510
VERHELST SERVICES● Active	1016.042.930

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	15/07/2026	15/07/2025	15/07/2024	27/06/2023	12/07/2022	15/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	20/05/2023	21/05/2022	23/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	15/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	15/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	15/07/2024	Dutch	PDF
Full model	31/12/2022	20/05/2023	27/06/2023	Dutch	PDF
Full model	31/12/2021	21/05/2022	12/07/2022	Dutch	PDF
Full model	31/12/2020	23/06/2021	15/07/2021	Dutch	PDF
Full model	31/12/2019	16/05/2020	23/06/2020	Dutch	PDF
Abridged model	31/12/2018	18/05/2019	19/06/2019	Dutch	PDF
Abridged modelCorrection	31/12/2017	21/06/2018	19/10/2018	Dutch	PDF
Abridged model	31/12/2017	21/06/2018	09/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	07/07/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	13/07/2016	Dutch	PDF
Full model	31/12/2014	06/06/2015	16/07/2015	Dutch	PDF
Full model	31/12/2013	07/06/2014	14/07/2014	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
VERHELST GROUP0466.316.018Represented by Johan VERHELST	Managing director19/12/2012 → 29/06/2029
AANNEMINGSBEDRIJF NORRE-BEHAEGEL0447.557.901Represented by Joeri NORRE	Director24/10/2015 → 25/06/2027
JKI0884.072.747Represented by Jan KNOCKAERT	Director24/10/2015 → 25/06/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BOUW BEHEER0454.532.201Represented by Kathleen Verhelst	Director19/12/2012 → 2014 accounts
GRAUWET ROGER0880.852.446Represented by Roger Grauwet	Director19/12/2012 → 2014 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates01/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other03/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ALGEMENE VERGADERING
PDF
Mandates22/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other27/12/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ALGEMENE VERGADERING
PDF
Mandates27/07/2016
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings13 filings

Mandates

VERHELST GROUP

AANNEMINGSBEDRIJF NORRE-BEHAEGEL

JKI

BOUW BEHEER

GRAUWET ROGER

201220132014201520162017201820192020202120222023202420252026202720282029

TopAsfalt

Oudenburgsesteenweg 106, 8400 Oostende

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Oudenburgsesteenweg 106, 8400 OostendeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00301839

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
TopAsfaltCurrent	accounts 2013 → 2025	Accounts 2025 · 2026-00301839

Events

2025
Annual accounts 2025149,2 k €↓
2024
Annual accounts 2024277,4 k €↑
2023
Annual accounts 2023253,7 k €↓
2022
Annual accounts 2022451,3 k €↓
2021
Annual accounts 2021535,5 k €↑
2020
Annual accounts 2020425,7 k €↑
2019
Annual accounts 2019304,3 k €↑
2018
Annual accounts 2018261,7 k €↑
2017
Annual accounts 2017239,7 k €↑
2016
Annual accounts 2016184,6 k €↑
2015
Annual accounts 2015162,4 k €↑
2014
Annual accounts 2014126,6 k €↑
2013
Annual accounts 2013-149,4 k €
19/12/2012
IncorporationPublic limited company

TopAsfalt

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events