ACTIVE

TOP HOLDING

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Financial year 2025 · closed on 31/12/2025

Net result

143,3 k €

-40.8% YoY

Gross margin

414,4 k €

+13.4% YoY

Equity

16,4 M €

-1.7% YoY

Workforce

3,2 ETP

+6.7% YoY

What does TOP HOLDING do?

TOP HOLDING is a Public limited company incorporated in 2008. Its main activity is: Activities of holding companies. Its registered office is in Londerzeel. It employs on average 3,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0895.588.132

Incorporation

08/02/2008

Legal form

Public limited company

Registered office

Neringstraat 15
1840 Londerzeel · FlandreSee on map

Contributed capital

11 000 052,00 €

Latest accounts

31/12/2025

Average workforce

3,2 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 82100Office administrative and support activities 82110Combined office administrative service activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	414,4 k €	+13.4%	365,4 k €	+1751%	19,7 k €	-85.6%	136,8 k €	+183%	48,4 k €	-59.6%	119,8 k €		–		–		–		–		–		–		–		–		–		361,1 k €	+0.5%	359,2 k €	+8.8%	330,1 k €
EBITDA	191,6 k €	+42.2%	134,7 k €	+447%	-38,8 k €	-144%	87,7 k €	+162%	-141 k €	-101%	-70,1 k €	-134%	203,5 k €	-2.0%	207,7 k €	+77.0%	117,4 k €	-8.3%	127,9 k €	+0.6%	127,2 k €	-34.7%	194,7 k €	+35.1%	144,1 k €	+23.0%	117,2 k €	-27.3%	161,2 k €	+1.8%	158,4 k €	+1.8%	155,6 k €	+57.8%	98,6 k €
Operating result	180,1 k €	+49.4%	120,6 k €	+336%	-51,1 k €	-168%	75,2 k €	+146%	-162,7 k €	-61.2%	-101 k €	-159%	170,5 k €	-5.5%	180,5 k €	+95.4%	92,4 k €	-12.3%	105,3 k €	-14.3%	122,9 k €	-35.3%	190,1 k €	+36.8%	139 k €	+23.2%	112,8 k €	-28.1%	156,8 k €	+0.2%	156,5 k €	+0.6%	155,6 k €	+57.8%	98,6 k €
Net result	143,3 k €	-40.8%	242,3 k €	+1096%	-24,3 k €	-106%	388,1 k €	+366%	-145,7 k €	-107%	2,2 M €	+1436%	141,2 k €	-86.8%	1,1 M €	-52.9%	2,3 M €	+372%	481,3 k €	-13.9%	559,3 k €	-64.2%	1,6 M €	+524%	250,7 k €	-10.7%	280,7 k €	+238%	83 k €	-17.7%	100,9 k €	-4.5%	105,7 k €	+55.9%	67,8 k €
Balance sheet
Equity	16,4 M €	-1.7%	16,7 M €	+1.5%	16,4 M €	-0.1%	16,4 M €	+2.4%	16,1 M €	-3.7%	16,7 M €	+14.9%	14,5 M €	+1.0%	14,4 M €	+3.2%	13,9 M €	+10.8%	12,6 M €	+1.3%	12,4 M €	+0.5%	12,4 M €	+8.9%	11,4 M €	-2.5%	11,6 M €	+2.5%	11,4 M €	-11.8%	12,9 M €	+0.8%	12,8 M €	+0.8%	12,7 M €
Total assets	17,4 M €	+3.8%	16,7 M €	+1.3%	16,5 M €	+0.1%	16,5 M €	-1.3%	16,7 M €	-1.9%	17,1 M €	+3.2%	16,5 M €	-1.0%	16,7 M €	+0.3%	16,6 M €	+7.6%	15,5 M €	+1.3%	15,3 M €	+0.7%	15,2 M €	-0.2%	15,2 M €	+11.9%	13,6 M €	-2.2%	13,9 M €	+2.6%	13,5 M €	-1.0%	13,7 M €	+7.3%	12,7 M €
Cash	258,2 k €	-14.8%	303,2 k €	+25.8%	241 k €	+15386%	1,6 k €	-99.2%	202,2 k €	-75.2%	816,5 k €	+3458%	23 k €	-79.8%	113,8 k €	-10.6%	127,4 k €	+506%	21 k €	-53.8%	45,5 k €	-10.9%	51,1 k €	+4508%	1,1 k €	-93.3%	16,5 k €	-80.3%	83,8 k €	+788%	9,4 k €	-92.8%	130,7 k €	+738%	15,6 k €
Debts	993,2 k €	+1250%	73,6 k €	-26.4%	100 k €	+70.5%	58,6 k €	-91.2%	665,9 k €	+80.6%	368,6 k €	-81.6%	2 M €	-13.4%	2,3 M €	-14.3%	2,7 M €	-6.1%	2,9 M €	+1.4%	2,8 M €	+1.7%	2,8 M €	-27.2%	3,8 M €	+98.4%	1,9 M €	-22.5%	2,5 M €	+276%	661,2 k €	-26.9%	903,9 k €	+1068%	77,4 k €
Other
Workforce	3,2 ETP	+6.7%	3,0 ETP	+50.0%	2,0 ETP	+150%	0,8 ETP	-71.4%	2,8 ETP	-17.6%	3,4 ETP	-12.8%	3,9 ETP	-9.3%	4,3 ETP	-18.9%	5,3 ETP	-7.0%	5,7 ETP	+7.5%	5,3 ETP	+3.9%	5,1 ETP	+30.8%	3,9 ETP	+34.5%	2,9 ETP	-39.6%	4,8 ETP	+2.1%	4,7 ETP	+6.8%	4,4 ETP	-8.3%	4,8 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 31/12/2025 · 2 active · 8 ended

Active mandates

Christiaan Goossens

Director · since 18 janvier 2024

Active

Marina Van Campenhout

Director · since 18 janvier 2024

Active

Ended mandates

Christiaan Goossens

Director · since 29 janvier 2008

Ended

Christiaan Goossens

Manager · since 29 janvier 2008

Ended

Marina Van Campenhout

Director · since 29 janvier 2008

Ended

Marina Van Campenhout

Manager · since 29 janvier 2008

Ended

At this address

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GRAPHISM AND MARKETING ACTIVITIES● Active	0417.561.739
IMMO SPINNOY● Active	0471.221.842
LIMACO BELGIUM● Active	1004.906.934
Marina Invest● Active	0447.169.604
SONNOS● Active	0415.738.535
Top Renting● Active	0407.006.456
Van Buggenhout en Cie● Active	0400.754.213
W.K.F.A. IMMO● Active	0876.816.949

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	23/06/2026	04/07/2025	31/07/2024	31/07/2023	28/07/2022	28/06/2021
General meeting	05/06/2026	18/06/2025	28/06/2024	30/06/2023	24/06/2022	04/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	23/06/2026	Dutch	PDF
Abridged model	31/12/2024	18/06/2025	04/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	31/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	14/08/2020	30/09/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	12/07/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	29/07/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	07/06/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	29/06/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	24/06/2014	Dutch	PDF
Full model	31/12/2012	07/06/2013	20/06/2013	Dutch	PDF
Full model	31/12/2011	01/06/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	07/06/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	14/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	17/06/2009	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 31/12/2025 · 2 active · 8 ended

Active mandates

Christiaan Goossens

Director · since 18 janvier 2024

Active

Marina Van Campenhout

Director · since 18 janvier 2024

Active

Ended mandates

Christiaan Goossens

Director · since 29 janvier 2008

Ended

Christiaan Goossens

Manager · since 29 janvier 2008

Ended

Marina Van Campenhout

Director · since 29 janvier 2008

Ended

Marina Van Campenhout

Manager · since 29 janvier 2008

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other17/09/2026
zetelwijziging
PDF
Mandates26/01/2024
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/10/2018
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares06/02/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other19/02/2008
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025143,3 k €↓
2024
Annual accounts 2024242,3 k €↑
2023
Annual accounts 2023-24,3 k €↓
2022
Annual accounts 2022388,1 k €↑
2021
Annual accounts 2021-145,7 k €↓
2020
Annual accounts 20202,2 M €↑
2019
Annual accounts 2019141,2 k €↓
2018
Annual accounts 20181,1 M €↓
2017
Annual accounts 20172,3 M €↑
2016
Annual accounts 2016481,3 k €↓
2015
Annual accounts 2015559,3 k €↓
2014
Annual accounts 20141,6 M €↑
2013
Annual accounts 2013250,7 k €↓
2012
Annual accounts 2012280,7 k €↑
2011
Annual accounts 201183 k €↓
2010
Annual accounts 2010100,9 k €↓
2009
Annual accounts 2009105,7 k €↑
2008
Annual accounts 200867,8 k €
08/02/2008
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 HOLDING

Overview

What does TOP HOLDING do?

Trend over 18 financial years

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