ITOP
ActiveITOP has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €202k and a net result of €-113k. Equity is shrinking by ~19.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 40% of 11257 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-4
Solvency53▼-15
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity short (current ratio 0.38 against 0.52 in 2024; short-term debt: 70.7% and cash: 1.1% of total assets), and 71.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.5%
Return on assets
-15.9%
Age of the figures
18 mo
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 €-113k
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
2025
15 d early
2024
20 d early
2023
15 d early
2022
33 d early
2021
36 d early
2020
28 d early
2019
36 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close19-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€202k▼ 35.8%
2024 · €315k
2019: €779k
2020: €663k
2021: €597k
2022: €495k
2023: €399k
2024: €315k
2019 → 2025
Total assets
€711k▼ 2.5%
2024 · €730k
2019: €1.09M
2020: €1.09M
2021: €975k
2022: €849k
2023: €766k
2024: €730k
2019 → 2025
Net result
€-113k▼ 35.3%
2024 · €-83k
2019: €-116k
2020: €-116k
2021: €-66k
2022: €-49k
2023: €-97k
2024: €-83k
2019 → 2025
Working capital
€-309k▼ 61.0%
2024 · €-192k
2019: €50k
2020: €50k
2021: €30k
2022: €-57k
2023: €-152k
2024: €-192k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€597k-€495k▼ 17.0%€399k▼ 19.6%€315k▼ 20.9%€202k▼ 35.8%
Operating result€-73k-€-55k▲ 24.6%€-101k▼ 83.5%€-88k▲ 12.7%€-118k▼ 34.2%
Net result€-66k-€-49k▲ 25.6%€-97k▼ 96.6%€-83k▲ 14.0%€-113k▼ 35.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €118k in 2025 against €88k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €711k
Fixed assets
€518k▼ 0.1%
Current assets
€193k▼ 8.6%
Equity and liabilities €711k
Equity
€202k▼ 35.8%
Provisions
€0▼ 100%
Debt
€509k▲ 24.1%
The debt ratio rises from 56.2% to 71.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-60k▼
2024 · €-30k
Cash flow
€-55k▼
2024 · €-25k
Solvency
28.5%▼
2024 · 43.2%
Current ratio
0.38▼
2024 · 0.52
Quick ratio
0.05▼
2024 · 0.07
Debt / equity
2.51▲
2024 · 1.30
ROE
-55.8%▼
2024 · -26.5%
ROA
-15.9%▼
2024 · -11.4%
Interest coverage
-44.82▼
2024 · -23.12
Debt
€509k▲
2024 · €410k
Debt ≤ 1 year
€502k▲
2024 · €404k
Debt > 1 year
€5k=
2024 · €5k
Income taxes
€1▼
2024 · €2
Staff costs
€163▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€730k€711k▼
Fixed assets21/28€518k€518k▼
Tangible fixed assets22/27€518k€518k▼
Land and buildings22€491k€491k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€8k€7k▼
Other tangible fixed assets26€17k€19k▲
Current assets29/58€212k€193k▼
Stocks and contracts in progress3€183k€169k▼
Stocks30/36€183k€169k▼
Amounts receivable within one year40/41€9k€10k▲
Trade receivables40€8k€9k▲
Other amounts receivable41€1k€1k=
Cash at bank and in hand54/58€13k€8k▼
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€730k€711k▼
Equity10/15€315k€202k▼
Contributions10/11€30k€30k=
Capital10€30k€30k=
Issued capital100€30k€30k=
Reserves13€285k€172k▼
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Tax-exempt reserves132€18k€7k▼
Distributable reserves133€217k€115k▼
Provisions and deferred taxes16€5k-
Deferred taxes168€5k-
Amounts payable17/49€410k€509k▲
Amounts payable after more than one year17€5k€5k=
Other amounts payable178/9€5k€5k=
Amounts payable within one year42/48€404k€502k▲
Trade debts44€26k€29k▲
Suppliers440/4€26k€29k▲
Taxes, remuneration and social security45€9k€12k▲
Taxes450/3€9k€12k▲
Other amounts payable47/48€368k€461k▲
Accrued charges and deferred income492/3€965€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62€3k€163▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€58k▲
Other operating charges640/8€6k€8k▲
Gross operating margin9900€-21k€-52k▼
Operating profit (loss)9901€-88k€-118k▼
Financial income75/76B€319€2k▲
Recurring financial income75€319€2k▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€-89k€-118k▼
Transfer from deferred taxes780€6k€5k▼
Income taxes67/77€2€1▼
Profit (loss) for the period9904€-83k€-113k▼
Transfer from tax-exempt reserves789€11k€11k=
Profit (loss) for the period to be appropriated9905€-73k€-102k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-73k€-102k▼
Transfer from equity791/2€73k€102k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
25-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
03-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
NBB filing
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zandhoven · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Liersebaan 3152240 ZandhovenGround area
192 m²
Building footprint
192 m²
Volume, LiDAR
1,097 m³
Parcel 11046B0007/00H000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Itop
since 20102.189.518.939
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11046B0007/00H000 | Flanders | 192 m² | 1 · 192 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
INNESTO IMPORT EXPORT
BE 0641.672.618
Zaventem · Eq €202k
Fine Wine Buyers
BE 0897.127.660
Lummen · Eq €201k
Wine-not
BE 0463.807.973
Elsene · Eq €204k
CAVES DES OBLATS
BE 0433.638.203
Liège · Eq €201k
MERIDIANIS CONSULTANTS
BE 0816.794.240
Tournai · Eq €205k
Of 1,051 companies in sector 46341 we hold annual accounts for 535. 374 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-04-1975
Fiscal year end31-03
Activities, NACEBEL
46341Wholesale of wines and spirits
47251Retail sale of wines and spirits
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.