Financials
- Financial year
- 2024
- Turnover
- €3.0m
- Loss
- -€1.8m
- Solvency
- -31.6%
Turnover▼ 54.6%
Net result
20182024
Genisol
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ghent division
- Declared bankrupt
- 21 April 2026
- Supervising judge
- Isabelle Van Vooren
- Official Gazette
- 07-05-2026 (pdf) ↗search the document for 2026/001186
Deadlines
- Provisional date payments stopped
- 21 April 2026A later judgment can change the date.art. XX.105, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 21 May 2026art. XX.104 and XX.155, Code of Economic Law
- Appeal or third-party opposition until
- passed on 22 May 2026Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- First verification report
- passed on 26 May 2026Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- 21 April 2027A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustees
- Geert DefreyneKortrijksesteenweg 361, 9000 Gentgdf@defreyne-degryse.be
- Laurence CaraminHofkouterstraat 5, 9890 Gaverelaurence@vancuyck.be
What to do now
- Stop delivering on credit unless the trustee agrees.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the trustee's reports appear there.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything; once a deadline has passed, it is too late for that step.
File a claim in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Insulation installation
NACE 43230
1 site
Size
€3.0mturnover 2024
- Staff
- 35.3 FTE
- Equity
- -€1.3m
- Loss
- -€1.8m
Financial health
Open bankruptcy: no score
Structure
- Parent
- FEDRAC · 99.06%
0 of 15 deeds read
Signalsraises riskOpen bankruptcyNegative equityneutralFiled after the deadlineShow the evidence
Signals
Three signals.
raises riskneutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€1.3m
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2024
1 day late
2023
8 days early
2022
24 days early
2021
61 days early
2020
2 days early
2019
60 days late
2018
19 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 8 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- OpeningEnterprise Court of Ghent, Ghent…
- OpeningEnterprise Court of Ghent, Ghent…
- End of the transfer under court…Enterprise Court of Ghent ·…
Key points
By topic
Board & ownership
- Parent
- FEDRAC · 99.06%
- Known shareholders
- 100%
Network & group
- Group
- GINDAC NV
- Connected companies
- 5
Timeline
- Events
- 51
- Since
- 1983
- 22-12-2025Extension
- 17-09-2025Transfer under judicial authority
- 01-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Insulation installationNACE 43230
- Founded
- 06-11-1981
- Year ends
- 31-12
- Peppol
- Still in the Peppol directory
Go further with this company
Who ran this company, and where was it based, on a given date before it ended?Company as of a date How is this company connected to another party?Network investigator Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the insulation installation sector doing?Sector figures
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