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TOP

Active
Non-profit associationfounded 1990active for 36 yearsIndustrieweg 2007, 3520 Zonhoven, BelgiumKBO/BCE: BE 0442.594.667
Summary

TOP has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€87,576) and a net result of -€39,366. Equity is shrinking by about 53% per year across the filed financial years. Its solvency ranks better than 5% of 572 sector peers (NACE 85, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Other education
NACE 85599
Size
€94,668turnover 2025
Equity
-€87,576
Deficit
-€39,366
Financial health
52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Board
4 members
Accounts 23 days early1 of 2 deeds read
Why 52raises riskCapped at 59: negative equityLoss of €39,366 (financial year 2025)Negative equity -€87,576lowers riskLegal form: non-profit associationSize: turnover €94,668, total assets €114,042Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 5% of its sector peers (NACE 85, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -76.8% of total assets
Liquidity 1=
short-term debt 175.5% · cash 1.0%
Profitability 0-63
return on assets -34.5%
Bankruptcy probability, 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).

Sector median 0.1% (3,795 companies, NACE 85, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 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 05-2025 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 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%▲ +0.1 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.57, compared with 0.78 in 2024; short-term debt: 175.5% and cash: 1% of total assets), and equity is negative.
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 85, micro): better than 6% on solvency, 2% on liquidity, 6% on profitability and 7% on growth.

The bankruptcy probability was computed on 10-10-2026 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

Six signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Size: turnover €94,668, total assets €114,042
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €39,366 (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€87,576
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€87,576
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 08-07-2026, 23 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
23 days early
2024
22 days early
2023
22 days early
2022
34 days early
2021
26 days early
2020
24 days early
2019
22 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 25 days before the deadline; the sector median (NACE 85) for financial year 2024 is 16 days before the deadline, and 32% of those companies filed 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 8 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
11-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Appointments: Danny Biets, Bruno Buyse and…Resignations: Guillaume Theunissen, Benny Biets…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€87,576 View
  • Caution: Among the weakest 5% on solvencysector median 53.2% · 572 companies -76.8% View
  • Caution: Board changedlatest change 30-06-2026 · 4 in office 4 joined · 6 left View
  • Positive: Filed on time since financial year 2007accounts within the deadline every year 8 years View

By topic

Financials

Financial year
2025
Turnover
€94,668
Loss
-€39,366
Solvency
-76.8%
Turnover▼ 34.2%
Net result
20192025
Go to Financials

Board & ownership

Board
4 members
  • Bruno BuyseDirector
  • Danny BietsDirector
  • Johan PotargentDirector
  • Philip PotargentDirector
Go to Board & ownership

Timeline

Events
12
Since
2008
Next accounts
by 31-07-2027
  1. 31-12-2024Back to profit
  2. 09-07-2024Annual accounts filed
  3. 27-06-2023Annual accounts filed
Go to Timeline

Company details

Legal form
Non-profit association
Activity
Other educationNACE 85599
Founded
16-05-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
33
Purpose
Aanbieden van opleidingen,werkgelegenheid,coaching en bemiddeling op maat; Samenwerken met…
Go to Articles of association

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