ACTIVE

TOPECON

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Financial year 2025 · closed on 31/12/2025
Net result
1,7 M €
+76.0% YoY
Gross margin
2,2 M €
+74.1% YoY
Equity
40,6 k €
+26.0% YoY

What does TOPECON do?

TOPECON is a Private limited company incorporated in 2018. Its main activity is: Management consultancy activities. Its registered office is in Woluwe-Saint-Pierre.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0700.203.606
Incorporation
18/07/2018
Legal form
Private limited company
Registered office
Avenue du Monoplan 22
1150 Woluwe-Saint-Pierre · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin2,2 M €1,3 M €899,1 k €756,1 k €331,8 k €909,5 k €486,8 k €529,8 k €
EBITDA2,2 M €1,3 M €898,4 k €754 k €330,9 k €909 k €485 k €528,3 k €
Operating result2,2 M €1,3 M €880,1 k €735,6 k €314 k €909 k €485 k €528,3 k €
Net result1,7 M €948 k €653,1 k €551,5 k €230,3 k €686,5 k €350,2 k €381,2 k €
Balance sheet
Equity40,6 k €32,2 k €24,2 k €61,1 k €105,6 k €455,3 k €262,6 k €112,4 k €
Total assets222,5 k €286,4 k €227,3 k €182,6 k €309,1 k €1 M €504,1 k €653,7 k €
Cash214,6 k €179,7 k €183 k €121,3 k €229,5 k €994,5 k €489,4 k €623,1 k €
Debts181,3 k €252,4 k €202,6 k €120,9 k €202,9 k €545,2 k €241,5 k €540 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

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

Active mandates

RAPHAEL DE CONINCK

Mandate

Active

Ended mandates

raphael de conicnk

Mandate

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/06/202606/05/202514/05/202417/05/202325/05/202205/05/2021
General meeting04/05/202605/05/202506/05/202401/05/202302/05/202203/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202504/05/202603/06/2026FrenchPDF
Abridged model31/12/202405/05/202506/05/2025FrenchPDF
Abridged model31/12/202306/05/202414/05/2024FrenchPDF
Abridged model31/12/202201/05/202317/05/2023FrenchPDF
Abridged model31/12/202102/05/202225/05/2022FrenchPDF
Abridged model31/12/202003/05/202105/05/2021FrenchPDF
Micro model31/12/201930/04/202006/05/2020FrenchPDF
Micro model31/12/201806/05/201910/05/2019FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 1 ended

Active mandates

RAPHAEL DE CONINCK

Mandate

Active

Ended mandates

raphael de conicnk

Mandate

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates16/09/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Other20/07/2018
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 20251,7 M €↑
  2. 2024
    Annual accounts 2024948 k €↑
  3. 2023
    Annual accounts 2023653,1 k €↑
  4. 2022
    Annual accounts 2022551,5 k €↑
  5. 2021
    Annual accounts 2021230,3 k €↓
  6. 2020
    Annual accounts 2020686,5 k €↑
  7. 2019
    Annual accounts 2019350,2 k €↓
  8. 2018
    Annual accounts 2018381,2 k €
  9. 18/07/2018
    IncorporationPrivate limited company