Losses
-€573,826 in 13 years
Every financial year from 2013 to 2025 closed with a loss. 2015 was the heaviest.
ITOP
Lifetime
19 annual accounts with figures on one time axis, 30 filings since 1996peak €156,866 (2009)
€43,200▼ 3.1%
lowest -€228,730 (2015)
-€9,971▼ €2,968
peak €1.9m (2012)
€1.4m▼ 0.7%
€8,208▼ 10.0%
peak 1.8 FTE (2009)
-not published
Board5 names since 2019
3 directorsROGER HUYGENS and 2 others
Owners2 names in the annual accounts
Documentsfilings and deeds
11-06-202650 days before the deadline
2025abbreviated format
Loss of €9,9711 director appointed, 1 resignation, 2 reappointments 05-03
Key points
from the 2025 annual accountsChecked score
94
Excellent
Financially stronger than 55% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €1.4m
Equity €1.4m (99.4% of total assets)
No main activity registered
Legal form: public limited company
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 (no NACE code, micro). It does better than 81% of them on solvency, 51% on liquidity, 45% on profitability and 42% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 8,617 companies had the same profile as ITOP has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ITOP itself: < 0.1% 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 8,617 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 €120,000 on 30-day terms is acceptable
Short-term debt is 0.1% and cash 4.1% of total assets. 0.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 days early
2024
14 days early
2023
6 days early
2022
31 days early
2021
42 days early
2020
14 days early
2019
13 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 24 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- FVF consolidatesequity €5.2m (2025) · annual accounts 30-09-2016
Recent changes
1 director appointed, 1 resignation, 2 reappointments
Resignation: Philippe Hemmeryckx · Reappointments: JOHAN BERGHS (managing director) and ROGER HUYGENS · Appointment: FILIP GALLE · General meeting of 17-02-2025 · Gazette deed
New managing director
Johan Berghs appointed, Dirk Gysemans resigned · Permanent representative: Nick Verheyden · Director discharge: Dirk Gysemans · Gazette deed
1 director appointed, 2 reappointments
Appointment: HUYGENS Roger Victor · Reappointments: GYSEMANS Dirk Kristiaan and HEMMERYCKX Philippe · Gazette deed
First establishment
Autolei 250, Wommelgem
Official details
Source: KBO- Status
- Active since 04-08-1995Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.072.981.8522160 Wommelgem, since 11-09-1995
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €1.4m▼ 0.8%
- Filing
- Filed on 11-06-2026, 50 days before the end of the filing period
Insights on ITOP
ITOP files the abbreviated format. That format states no turnover. The gross margin fell from €98,528 in 2007 to €43,200 in 2025.
In April 2024, the Official Gazette published the appointment of BERGHS Johan as managing director.
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 0455.776.868. The VAT number is the same number with BE in front: BE 0455.776.868.
- Where is ITOP based?
- The registered office is at Autolei 250, 2160 Wommelgem.Company details
- What is the legal form of ITOP?
- ITOP is a public limited company (NV).
- When was ITOP founded?
- ITOP was founded on 04-08-1995.
- Is ITOP still active?
- Yes, ITOP is an active enterprise in the KBO register.
- What is the turnover of ITOP?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €43,200 and 1,225 comparable companies of the same size. It probably lies between €83,000 and €290,000. It is a rough estimate.Financials
- Is ITOP profitable?
- In financial year 2025, ITOP made a loss of €9,971.
- Where can I find the annual accounts of ITOP?
- ITOP filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ITOP due?
- ITOP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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