Equity
€202,325 from €2.1m in 2007
Equity fell by 90% in 18 years.
ITOP
Lifetime
19 annual accounts with figures on one time axis, 48 filings since 1977peak €10,707 (2021)
-€51,948▼ €30,739
lowest -€148,409 (2014)
-€112,840▼ €29,458
peak €2.1m (2007)
€202,325▼ 35.8%
€508,759▲ 24.1%
peak 0.3 FTE (2019)
-not published
Board4 names since 1975
1 directorJANSSENS Guido Marcel Maria
Documentsfilings and deeds
16-10-202515 days before the deadline
2025micro format
Gross margin from -€21,209 to -€51,948Loss of €112,840Equity from €315,165 to €202,325Debts from €409,834 to €508,759Cash from €12,998 to €7,719
Key points
from the 2025 annual accountsLosses
-€1.0m in 16 years
Every financial year from 2010 to 2025 closed with a loss. 2014 was the heaviest.
Position in the sector
-€112,840
Lower net result than 95% of companies in wholesale trade. Sector median €5,616 · 13,806 companies.
2026 accounts not filed, 9 days past the deadlineTurnover not published (micro format)
Checked score
64
Healthy
Financially stronger than 18% of micro companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%lowest value
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025lowest value
03-2025: 0.4%● unchanged vs 02-2025lowest value
04-2025: 0.4%● unchanged vs 03-2025lowest value
05-2025: 0.4%● unchanged vs 04-2025lowest value
06-2025: 0.4%● unchanged vs 05-2025lowest value
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.5%▲ +0.1 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.6%▲ +0.1 percentage points vs 08-2026
10-2026: 1.0%▲ +0.4 percentage points vs 09-2026
11-2026: 1.1%▲ +0.1 percentage points vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €112,840, the second in a row (financial year 2025)
Figures for financial year 2025 (filed on 16-10-2025)
Liquidity: current ratio 0.38, cash €7,719
lowers risk
Size: total assets €711,084
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 39% of them on solvency, 14% on liquidity, 6% on profitability and 13% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 307 companies had the same profile as ITOP has now. Each dot is one company, two years later.
88.9%
were still trading
5.2%
stopped another way
4.9%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ITOP itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 307 companies, not a prediction for ITOP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.38 (0.52 in 2024), below 1. Short-term debt is 70.7% and cash 1.1% of total assets. 71.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€112,840
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 16-10-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
15 days early
2024
20 days early
2023
15 days early
2022
33 days early
2021
36 days early
2020
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 25 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0415030138
Capital increase of €31,500 to €61,500
Capital from €30,000 to €61,500 · Reappointments: JANSSENS Guido Marcel Maria (statutory director), JANSSENS Els Leona Alberta (successor statutory director), JANSSENS Wim Maurice Mia (successor statutory director) and JANSSENS Pieter Walter Imelda (successor statutory director) · Appointments: JANSSENS Guido Marcel Maria (statutory director), JANSSENS Els Leona Alberta (statutair bestuurder als opvolger), JANSSENS Wim Maurice Mia (statutair bestuurder als opvolger) and JANSSENS Pieter Walter Imelda (statutair bestuurder als opvolger) · General meeting of 29-11-2022 · Gazette deed
First establishment
Liersebaan 315, Zandhoven
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ITOP Zandhoven | €0.7m | -€51,948 | 28.5% | - |
| VINTERRA Herentals | €0.5m | -€2,807 | -44.4% | - |
| ETABLISSEMENTS ROBERT GOFFARD ET FILS Woluwe-Saint-Lambert | €0.6m | -€12,906 | 94.9% | - |
| EKO NOVA Antwerp | €1.2m | €2,343 | 37.7% | - |
| VLABO Anderlecht | €1.4m | -€190,907 | 93.7% | - |
| NORD - SUD SERVICES Lasne | €0.6m | -€21,893 | 69.1% | - |
| TRIPLE YOUR TASTE Rotselaar | €0.6m | -€5,564 | 31.9% | - |
These companies have the same main activity as ITOP: wholesale of wines and spirits (NACE 46341). They are comparable in size and age: total assets between €492,000 and €1.4m, founded between 1982 and 2004.
Official details
Source: KBO- Status
- Active since 08-04-1975Normal situation
- Activity
- Wholesale of wines and spiritsNACE 46341and 2 others
- Establishment unit
- 2.189.518.9392240 Zandhoven, since 19-05-2010
- Financial year end
- 31 March
- Peppol
- Reachable since 04-11-2025
Insights on ITOP
ITOP files the micro format. That format states no turnover. The gross margin fell from -€31,791 in 2007 to -€51,948 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ITOP
- What is the company number of ITOP?
- The company number of ITOP is 0415.030.138. The VAT number is the same number with BE in front: BE 0415.030.138.
- Where is ITOP based?
- The registered office is at Liersebaan 315, 2240 Zandhoven.Company details
- What does ITOP do?
- According to the KBO register, the main activity is wholesale of wines and spirits (NACE 46341).
- What is the legal form of ITOP?
- ITOP is a public limited company (NV).
- When was ITOP founded?
- ITOP was founded on 08-04-1975.
- Is ITOP still active?
- Yes, ITOP is an active enterprise in the KBO register.
- How many employees does ITOP have?
- ITOP had an average of 1.1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of ITOP?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is ITOP profitable?
- In financial year 2025, ITOP made a loss of €112,840.
- Where can I find the annual accounts of ITOP?
- ITOP filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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