TOEPPARK
ActiveSummary
TOEPPARK has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €282,686. Equity is growing by about 5.6% per year across the filed financial years. Its solvency ranks better than 95% of 5,027 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €1.9m
- Profit
- €282,686
- Parent
- Top Bronnen Holding · 92.6%
- SANTENS FrançoiseDirector
- Werner PYCKEDirector
Why 97raises riskSector: Retail trade (NACE 47)lowers riskFounded in 1986Size: total assets €1.9mEquity €1.9m (99.2% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 92% on solvency, 60% on liquidity, 82% on profitability and 69% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 1 day after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Highest result from 2018 to 2025net €282,686 ▲356%
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, full format
2025 annual accounts filed late (5 days) Filed on 5 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00390949.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 85% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Return on assets (ROA).
- 2025 Net result +356% on 2024. The accounts now follow the full format, last year the abbreviated format.
Peer companies
Historical observationOf the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,136 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,126 | €11,356 | €12,306 | €13,786 | €13,786 | €19,238 | €26,460 | €26,384 | ▼ 0.3% |
| Other operating charges640/8 | - | - | - | €2,078 | €2,225 | €2,664 | €2,383 | €2,455 | ▲ 3.0% |
| Gross operating margin9900 | -€59,561 | €67,875 | €61,033 | €92,140 | €50,647 | €33,069 | €90,802 | €38,019 | ▼ 58.1% |
| Operating profit (loss)9901 | €28,411 | €54,510 | €45,703 | €76,276 | €34,636 | €11,168 | €61,959 | €9,180 | ▼ 85.2% |
| Financial income75/76B | - | - | - | €154,651 | €53,034 | €24,364 | €16,928 | €276,715 | ▲ 16× |
| Recurring financial income75 | €11,759 | €13,009 | €20,955 | €154,651 | €53,034 | €24,364 | €16,928 | €276,715 | ▲ 16× |
| Financial charges65/66B | - | - | - | €244 | €987 | €20,975 | €464 | €2,063 | ▲ 345% |
| Recurring financial charges65 | €70 | €53 | €21 | €244 | €987 | €20,975 | €464 | €2,063 | ▲ 345% |
| Profit (loss) for the period before taxes9903 | €40,100 | €67,465 | €66,637 | €230,682 | €86,684 | €14,557 | €78,423 | €283,831 | ▲ 262% |
| Income taxes67/77 | €11,793 | €19,902 | €16,659 | €57,671 | €8,428 | €3,639 | €16,416 | €1,145 | ▼ 93.0% |
| Profit (loss) for the period9904 | €28,307 | €47,563 | €49,978 | €173,012 | €78,255 | €10,918 | €62,008 | €282,686 | ▲ 356% |
| Profit (loss) for the period to be appropriated9905 | €28,307 | €47,563 | €49,978 | €173,012 | €78,255 | €10,918 | €62,008 | €282,686 | ▲ 356% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.3m | €1.3m | €1.5m | €1.6m | €1.6m | €1.6m | €1.9m | ▲ 17.4% |
| Fixed assets21/28 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 5.2% |
| Tangible fixed assets22/27 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 5.2% |
| Land and buildings22 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | - | €0.003m | €0.002m | €0.001m | €0.001m | - | - |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.008m | €0.006m | €0.005m | €0.003m | ▼ 33.3% |
| Current assets29/58 | €0.7m | €0.7m | €0.8m | €1.0m | €1.0m | €1.0m | €1.1m | €1.4m | ▲ 27.7% |
| Amounts receivable within one year40/41 | €0.01m | €0.01m | €0.005m | - | €0.02m | €0.009m | €163 | €0.2m | ▲ 1,274× |
| Other amounts receivable41 | - | - | - | - | €0.02m | €0.009m | €163 | €0.2m | ▲ 1,274× |
| Current investments50/53 | €0.6m | €0.6m | €0.6m | €0.7m | €0.7m | €1.0m | €1.0m | €1.2m | ▲ 11.6% |
| Cash at bank and in hand54/58 | €0.07m | €0.1m | €0.2m | €0.3m | €0.3m | €0.05m | €0.09m | €0.06m | ▼ 30.0% |
| Deferred charges and accrued income490/1 | - | - | - | €374 | €405 | €0.001m | €445 | €0.01m | ▲ 26× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.3m | €1.3m | €1.5m | €1.6m | €1.6m | €1.6m | €1.9m | ▲ 17.4% |
| Equity10/15 | €1.2m | €1.3m | €1.3m | €1.5m | €1.6m | €1.6m | €1.6m | €1.9m | ▲ 16.8% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Contributions outside capital11 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Share premium1100/10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.8m | €0.8m | €0.9m | €1.1m | €1.1m | €1.2m | €1.2m | €1.5m | ▲ 22.4% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Tax-exempt reserves132 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Distributable reserves133 | - | - | - | €1.0m | €1.1m | €1.1m | €1.2m | €1.5m | ▲ 23.0% |
| Profit (loss) carried forward14 | €0.03m | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.008m | €0.006m | €0.005m | €0.006m | €0.007m | €0.004m | €0.004m | €0.02m | ▲ 308% |
| Amounts payable within one year42/48 | €0.006m | €0.004m | €0.003m | €0.003m | €0.004m | €0.001m | €0.001m | €0.01m | ▲ 14× |
| Trade debts44 | €0.005m | €0.003m | €0.002m | €0.003m | €0.004m | €0.001m | €371 | €0.002m | ▲ 392% |
| Suppliers440/4 | - | - | - | €0.003m | €0.004m | €0.001m | €371 | €0.002m | ▲ 392% |
| Taxes, remuneration and social security45 | - | - | - | €171 | €171 | - | - | - | - |
| Taxes450/3 | - | - | - | €171 | €171 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €495 | €495 | €495 | €495 | €0.01m | ▲ 21× |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.003m | €0.003m | €0.003m | €0.003m | ▲ 5.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,307 | €47,563 | €49,978 | €173,012 | €78,255 | €10,918 | €62,008 | €282,686 | ▲ 356% |
| + Depreciation and write-downs630 | €15,126 | €11,356 | €12,306 | €13,786 | €13,786 | €19,238 | €26,460 | €26,384 | ▼ 0.3% |
| Operating cash flow (approximation) | €43,433 | €58,919 | €62,284 | €186,798 | €92,042 | €30,156 | €88,468 | €309,070 | ▲ 249% |
| Investment in fixed assets (approximation) | - | €0 | -€17,304 | €0 | €0 | -€38,021 | €0 | €0 | - |
| Change in cash | - | €47,068 | €37,959 | €92,924 | €75,425 | -€280,548 | €44,547 | -€27,511 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 40 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 05-08-2026 | 2026-00390949 |
| 31-12-2024 | abbreviated format | 26-06-2025 | 2025-00213081 |
| 31-12-2023 | abbreviated format | 01-07-2024 | 2024-00190796 |
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00194202 |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20396004 |
| 31-12-2020 | abbreviated format | 23-08-2021 | 2021-51500097 |
| 31-12-2019 | abbreviated format | 16-09-2020 | 2020-53800426 |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-59100132 |
| 31-12-2017 | abbreviated format | 29-06-2018 | 2018-27000468 |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-25300591 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SANTENS Françoise |
|
| Werner PYCKE |
|
Owners and capital
Owners
1 ownerChain of control
- Top Bronnen Holding
- TOEPPARK
Highest known parent: Top Bronnen Holding. The sources do not say who stands above it.
Owners 1
-
92.6%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 08-12-2023 Capital stated in the deed · €278,880 · 11,250 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
08-12
Gazette deed
Resignations: Werner PYCKE (director) and SANTENS Françoise (director)Reappointments: Werner PYCKE (director) and SANTENS Françoise (director) · Amendment of the articles · Capital18 facts ▸
- Amendment of the articles (2 times)
- Capital, €278,880
- Registered office clause, “Brakel, Brusselsestraat 100” (deed in Dutch)
- Director resignation, Werner PYCKE (director)
- Director resignation, SANTENS Françoise (director)
- Director reappointment, Werner PYCKE (director)
- Director reappointment, SANTENS Françoise (director)
- Director discharge, Werner PYCKE
- Director discharge, SANTENS Françoise
- Power of attorney
- Power of attorney, Elsje Vanderlinden
- Board meeting, “algemene vergadering van 2029, voltallige raad onmiddellijk na buitengewone algemene vergadering” (deed in Dutch)
- +6 further facts in this act
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45028B0494/00E002 | Flanders | 4.5 ha | 1 · 1.6 ha | 27.7 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De exploitatie van waterwinningen en waterbronnen; Het bottelen van bronwater, mineraal water, spuitwater en frisdranken; Vervaardiging van…” (deed in Dutch)
29 activities (deed in Dutch)
- De exploitatie van waterwinningen en waterbronnen.
- Het bottelen van bronwater, mineraal water, spuitwater en frisdranken.
- Vervaardiging van niet-alcoholische dranken: natuurlijk bron- en mineraalwater, water met toegevoegde zoetstoffen, gearomatiseerd water, frisdranken, enz.
- Alle handels en nijverheidsverrichtingen, inbegrepen vervoer, import- en exportactiviteiten, verband houdend met dranken, voedingsproducten, derivaten en frisdranken.
- Verhuur en exploitatie van residentiële en niet-residentiële onroerende goederen, terreinen en gebouwen.
- Het beheer en de exploitatie van landbouwgronden met inbegrip van verhuur en verpachting.
- Het beheer van groene zones, parken en bossen.
- Het uitbaten van een landbouwbedrijf; het uitoefenen van bosbouw, akkerbouw, veeteelt en tuinbouw.
- Het verlenen van adviezen aan de bedrijfswereld en de publieke sector.
- Het uitvoeren van administratief-organisatorische opdrachten, bijstand bij de leiding van vennootschappen, het verstrekken van advies en verlenen van bijstand aan het beheer op het gebied van onder andere administratieve organisatie, het opzetten van interne audit, het verbeteren van bestaande en nieuwe beheerstechnieken en managementsystemen, het verstrekken van informatie, het selecteren , opleiden van personeel;
- Advies en analyse van de financiële behoeften van de onderneming en de begeleiding en onderhandeling met financiële instellingen, toezien op de optimale aanwending van kredieten, budgettering en budgetcontrole.
- Het uitvoeren van alle studies en onderzoek; het verrichten van marktonderzoek; promotie, raadgeving; prospectie; marketing; assistentie op gebied van management, engineering en consulting; technisch, commercieel, administratief, financieel, fiscaal en juridisch beheer en advies.
- De publiciteit, marketing en algemene communicatie onder alle vormen en het uitvoeren van alle werken die voor de verwezenlijking van publiciteit, marketing en algemene communicatie noodzakelijk zijn.
- Het begeleiden, organiseren en verstrekken van trainingen, opleidingen, onderwijs en leerbegeleiding.
- Het organiseren van evenementen, studiedagen, congressen, seminaries, workshops, tentoonstellingen en beurzen.
- Het ontwikkelen, kopen, verkopen, beheer, in waarde stellen, in licentie nemen of geven van brevetten, octrooien, know-how en andere intellectuele rechten. De vennootschap mag eveneens alle fabrieksmerken, octrooien en andere eruit voortvloeiende of aanvullende rechten verwerven en tegeldemaken en deelnemen aan de opbouw, de ontwikkeling en het beheer van alle vennootschappen.
- Het verlenen van advies met betrekking tot het beheer van vennootschappen en ondernemingen, het verlenen van managementbijstand aan en het uitvoeren van managementtaken in vennootschappen en ondernemingen, het exporteren van alle intellectuele rechten en rechten van industriële of commerciële eigendom.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals de aan- en verkoop, de bouw, de renovatie, de verbouwing, de inrichting, de huur- en verhuur, de ruil, de verkaveling en, in het algemeen, alle verrichtingen inzake het beheer of het productief maken van onroerende goederen of onroerende zakelijke rechten.
- Handel in eigen onroerende goederen.
- De ontwikkeling en promotie van vastgoedprojecten.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals de aan- en verkoop, de huur- en verhuur, de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen.
- Het optreden als tussenpersoon inzake handel, in de ruimste zin van het woord, waaronder verstaan makelaarsactiviteiten, commissiehandel en agentuur zowel in binnen als buitenlandse handel.
- Het optreden en handelen als dienstverlener en/of als tussenpersoon bij alle vormen van adviesverlening, managementdiensten en hulp aan het bedrijfsleven, de non-profit sector en de overheid op het gebied van planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan bedrijfsleiding en dit in de meest ruime zin.
- De aankoop en verkoop, zowel in groot- als in kleinhandel, trading, de import, de export, de agentuur, de vertegenwoordiging, de commissiehandel, de ruiling en de verhuring, inclusief de diverse vormen van leasing, van allerlei producten (zowel grondstoffen, halffabrikaten, afgewerkte producten en handelsgoederen) van alle aard en dit in de meest ruime zin voor zover door de wet toegelaten.
- De exploitatie van een webshop; handelsactiviteiten d.m.v. digitale platformen.
- Het nemen van participaties in andere vennootschappen, ondernemingen en verenigingen door middel van inbreng of aankoop van maatschappelijke rechten of op een andere wijze; de vennootschap mag zich borg stellen of zakelijke zekerheden verlenen mits vergoeding, onder voorbehoud evenwel van de verbodsbepaling opgenomen in artikel 7:227 van het wetboek van vennootschappen en verenigingen. De vennootschap mag daarenboven belangen nemen, hetzij door deelneming, inbreng of elke andere wijze in alle vennootschappen, ondernemingen, beroepsverenigingen of groeperingen.
- Het waarnemen van alle mandaten, waaronder bestuurder, zaakvoerder, vereffenaar, in vennootschappen en verenigingen.
- Het deelnemen, onder gelijk welke vorm, aan de oprichting, uitbreiding, omzetting, fusie, opslorping, het bestuur en de controle van ondernemingen met gelijkaardige, aanverwante of aanvullende activiteiten; ze kan verder alle hulp verlenen aan ondernemingen waarin ze belang stelt onder meer in de vorm van leningen, voorschotten of borgstellingen, alsook bij wijze van bijstand inzake bestuur en/of administratie.
- Het toestaan van leningen en kredietopeningen aan vennootschappen en particulieren, onder om het even welke vorm voor zover door de wet toegelaten. In dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken, houders van deposito’s op korte termijn, spaarbanken, hypotheekmaatschappijen en kapitalisatieondernemingen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TOEPPARK
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Hoogstens zes jaar, 6” (deed in Dutch)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Één of meer vereffenaars benoemd door algemene vergadering, ontbinding om welke reden en op welk ogenblik ook” (deed in Dutch)“Alle verrichtingen vermeld in wet, tenzij algemene vergadering anders besluit bij gewone meerderheid” (deed in Dutch)“Goederen nog in natura aanwezig op zelfde wijze, netto-actief in geld of effecten onder aandeelhouders naar verhouding aantal aandelen” (deed in Dutch)