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TopSpec Equine (Export)

Active
Private limited companyfounded 2019active for 7 yearsKoloniënstraat 11, 1000 Brussel, BelgiumKBO/BCE: BE 0723.803.805

From the official registers: KBO 7 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

TopSpec Equine (Export) has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€228,247) and a net result of €13,305. Equity has been shrinking by about 3.2% per year since 2020. Its solvency ranks better than 5% of 6,167 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Overview

Official details

KBO
Status
Active since 29-03-2019 Normal situation
Registered office
305 active companies are registered at this address 37 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Wholesale trade NACE 46382
Establishment unit
2.287.009.778 1000 Brussel, since 29-03-2019
Financial year end
31 March
Peppol
Not found in the Peppol Directory

Board and ownership

Board
  • Mickle KatherineDirector
  • Reade OliverDirector
  • Ridley JustinDirector

Financial position

55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.1%
Annual accounts to 31-03-2025
Gross margin
€17,183
Turnover
≈ €270,000
estimated
Profit
€13,305
Equity
-€228,247
▲ 5.5%
Total assets
€174,516
▲ 22.0%
2026 accounts not filed, 1 day past the deadline
Filed on 20-08-2025PDF
Score breakdownraises riskCapped at 59: negative equityNegative equity -€228,247Figures for financial year 2025 (filed on 22-08-2025)lowers riskSize: total assets €174,516Liquidity: current ratio 0.44, cash €70,321Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 39% of micro companies in wholesale trade (NACE 46)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 0=
equity -130.8% of total assets
Liquidity 50+23
short-term debt 229.5% · cash 40.3%
Profitability 57+57
return on assets 7.6%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,900 companies, NACE 46, micro)
Last 24 months 11-2024: 2.3% 12-2024: 2.6%▲ +0.3 percentage points vs 11-2024 01-2025: 2.6%● unchanged vs 12-2024 02-2025: 2.6%● unchanged vs 01-2025 03-2025: 2.7%▲ +0.1 percentage points vs 02-2025highest value 04-2025: 2.6%▼ -0.1 percentage points vs 03-2025 05-2025: 2.6%● unchanged vs 04-2025 06-2025: 2.6%● unchanged vs 05-2025 07-2025: 2.5%▼ -0.1 percentage points vs 06-2025 08-2025: 2.5%● unchanged vs 07-2025 09-2025: 0.9%▼ -1.6 percentage points vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026lowest value 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 0.9%● unchanged vs 07-2026 09-2026: 0.9%● unchanged vs 08-2026 10-2026: 1.1%▲ +0.2 percentage points vs 09-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.44 (0.37 in 2024), below 1. Short-term debt is 229.5% and cash 40.3% of total assets. Equity is negative.
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 6% of them on solvency, 51% on liquidity, 42% on profitability and 56% on growth.

The bankruptcy probability was computed on 31-10-2026 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. 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).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Negative equity -€228,247
NBB · annual accounts
lowers risk · Size: total assets €174,516
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.44, cash €70,321
NBB · annual accounts
raises risk · Figures for financial year 2025 (filed on 22-08-2025)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 6167 sector peers (2025).
NBB · sector comparison
Position among 6167 sector peers
Solvency
better than 5%
← weakest strongest →
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 20-08-2025, 72 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2026
not filed
2025
72 days early
2024
12 days late
2023
on the day
2022
30 days late
2021
on the day
2020
27 days late
← 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 1 day 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)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€228,247 View
  • Caution: Lower solvency than 95% of companies in wholesale tradesector median 45.2% · 6,167 companies -130.8% View
  • Positive: Back in profit in 2025after a loss of €94,365 in 2024 €13,305 View
  • A director leftlatest change 31-01-2026 · 3 in office 1 left View

Comparable companies

These companies have the same main activity as TopSpec Equine (Export): wholesale trade (NACE 46382). They are comparable in size and age: total assets between €68,900 and €214,000, founded between 2015 and 2021.

CompanyTotal assetsGross margin
TopSpec Equine (Export) Brussel€174,516€17,183
Panzi-Pet Benelux Pelt€173,693€41,183
PRIMAL DOG FOOD Genk€166,129€34,618
Vétérinaire COLLIGNON Villers-la-Ville€107,903€39,353
PEBBELS HONDENVOER Maasmechelen€126,057€45,816
Venepha Merelbeke-Melle€214,360€71,574
HerboVet Sint-Truiden€68,868€8,428
Full comparison

Documents

Annual accounts at the NBB

All 7 annual accounts

Articles and registers

Key facts about TopSpec Equine (Export)

What is the company number of TopSpec Equine (Export)?
The company number of TopSpec Equine (Export) is 0723.803.805. The VAT number is the same number with BE in front: BE 0723.803.805.
Where is TopSpec Equine (Export) based?
The registered office is at Koloniënstraat 11, 1000 Brussel.Company details
What does TopSpec Equine (Export) do?
According to the KBO register, the main activity is wholesale trade (NACE 46382).
What is the legal form of TopSpec Equine (Export)?
The legal form of TopSpec Equine (Export) is Private limited company (BV).
When was TopSpec Equine (Export) founded?
TopSpec Equine (Export) was founded on 29-03-2019.
Is TopSpec Equine (Export) still active?
Yes, TopSpec Equine (Export) is an active enterprise in the KBO register.
How many employees does TopSpec Equine (Export) have?
TopSpec Equine (Export) had an average of 0.4 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
What is the turnover of TopSpec Equine (Export)?
The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €17,183 and 71 comparable companies (NACE 463). It probably lies between €130,000 and €510,000. It is a rough estimate.
Is TopSpec Equine (Export) profitable?
In financial year 2025, TopSpec Equine (Export) made a profit of €13,305.
Where can I find the annual accounts of TopSpec Equine (Export)?
TopSpec Equine (Export) filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)

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