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Generated 10-08-2026
Active BE 0416.390.613Private limited companyOpen bankruptcy

ISINGA

Wezestraat 81 ·8870 Izegem, Belgium· 49 yrs active
Sector: Real estate activities (68310)
Conclusion Checked

A bankruptcy procedure is open for ISINGA according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €72k and a net result of €261.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €72k
Net result €261
Staff (FTE) 1
Better than sector 59%
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health0Profitability2Solvency42Growth58Stability0
20 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 2
Solvency 42
Growth 58
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2023 · computed
0 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 03-07-2024 with the NBB · fiscal year 2023 · micro
€-150k€-100k€-50k€0Operating result 2019: €-20k€-20kNet result 2019: €-106k€-106kOperating result 2020: €16k€16kNet result 2020: €-94k€-94kOperating result 2021: €-444€-444Net result 2021: €-3k€-3kOperating result 2022: €21k€21kNet result 2022: €11k€11kOperating result 2023: €6k€6kNet result 2023: €261€26120192020202120222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 29.2% 17.5%
better than 59% of 4269 sector peers
Net result €261 €2k
better than 46% of 4257 sector peers
Equity €72k €26k
better than 68% of 4270 sector peers
Gross operating margin €76k €23k
better than 78% of 4245 sector peers
Staff costs €47k €22k
higher than 69% of 621 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€26k
-20.7% 18-23
Net profit
€261
-97.5% 18-23
Cash flow
€20k
-10.7% 18-23
Total assets
€247k
+27.5% 18-23
Equity
€72k
+0.4% 18-23
Working capital
€-24k
- 18-23
Employees (FTE)
1
0.0% 18-23
Staff costs
€47k
+5.6% 18-23
Income taxes
€133
-46.5% 18-23
Debt
€175k
+43.4% 18-23
Debt ≤ 1y
€174k
+43.2% 18-23
Current ratio
0.86
-17.5% 18-23
Quick ratio
0.86
-17.5% 18-23
Solvency
29.2%
-21.3% 18-23
Debt / equity
2.43
+42.9% 18-23
ROE
0.4%
-97.5% 18-23
ROA
0.1%
-98.1% 18-23
Interest coverage
4.49
+38.6% 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA€26k
Net profit€261
Cash flow€20k
Staff costs€47k
Income taxes€133
Dividends-
Total assets€247k
Equity€72k
Debt€175k
of which ≤ 1y€174k
of which > 1y-
Working capital€-24k
Employees (FTE)1.0
Ratios (computed)
2023
Current ratio0.86
Quick ratio0.86
Working capital ratio-9.8%
Solvency29.2%
Debt / equity2.43
Long-term debt ratio-
Interest coverage4.49
Gross margin-
Net margin-
ROA0.1%
ROE0.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€247k
Fixed assets 21/28€42k
Formation expenses 20€54k
Tangible fixed assets 22/27€42k
Current assets 29/58€150k
Amounts receivable within one year 40/41€14k
Cash & bank 54/58€13k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€247k
Equity 10/15€72k
Contributions / capital 10/11€150k
Reserves 13€8k
Accumulated profits (losses) 14€-86k
Amounts payable 17/49€175k
Amounts payable within one year 42/48€174k
Trade debts payable within one year 44€31k
Income statement
Gross operating margin 9900€76k
Operating result 9901€6k
Financial income 75€17
Financial charges 65€6k
Result before taxes 9903€394
Income taxes 67/77€133
Net result for the period 9904€261
Result to be appropriated 9905€261
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 1 directors
Current directors & mandates
  • DELBARE Annick
    Director
    State Gazette act 24445385 (22-11-2024)
    Current
    22-11-2024 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates1 person
Role Name Tenure Source
Curator DRIES LAUWERS
BORNSTRAAT 44, 8800 ROESELARE-
 19-12-2024 → present Belgian State Gazette
Legal Structure
NACE primary Real estate activities(68310)
Legal form Private limited company(610)
Incorporation27-08-1976
StatusActive
Postal code8870
First BS signal 27-12-2024
Latest BS signal 27-12-2024
Company structure, linked entities1 linked entities
ISINGABE 0416.390.613DRIES LAUWERSReceiver ↔ 15PROFLEURD SIMDegryse Yves En W…
Mandates
↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.
Establishment units 1 location
Roeselaarsestraat 489, 8870 Izegem
her verschaffen van informatie en advies over reizen
since 19762.012.726.046
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36494D0368/00N002 Flanders 967 m² 1 · 601 m² 7.3 m · 2 fl.
36492A0415/00S000 Flanders 641 m² 1 · 178 m² 5.7 m · 1 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
27-12-2024
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · ISINGA BV WEZESTRAAT 81 BUS 1, 8870 IZEGEM · event 19-12-2024
22-11-2024
State Gazette act Director changes
Michaël Mullie
03-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
13-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
17-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
28-10-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
30-11-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
29-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
16-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
20-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
18-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2015
31-08-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
Lifecycle & Insolvency Signals 1 events
27-12-2024
Bankruptcy Opening
Date: 19-12-2024 · Ondernemingsrechtbank Gent, afdeling Kortrijk · ISINGA BV WEZESTRAAT 81 BUS 1, 8870 IZEGEM · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-12-27 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2024
22-11-2024 1 director appointed, 1 reappointed Director changes·Michaël Mullie
  • DELBARE Annick, Bestuurder
  • DELBARE Annick, Bestuurder
Notary: Michaël Mullie · Zwevegem
Technical details 
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  "notary": {
    "name": "Micha\u00EBl Mullie",
    "firm_city": null,
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    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-11-22",
    "filing_date": "2024-11-20",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2024-11-06",
      "unanimous": true
    }
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  "is_correction": false,
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  "co_filed_documents": [
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Bemiddeling in verband met exploitatie van en handel in onroerend goed68310Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis68311Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed70311Overige niet-gespecialiseerde detailhandel47120Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen niet overheersen (verkoopoppervlakte < 2500 m²)47191Overige niet-gespecialiseerde detailhandel in winkels (verkoop van overwegend niet-voedingsmiddelen met verkoopsoppervlakte van mind er dan 2.500 m2)52122Reisbureaus63301Reisbureaus79110Activiteiten van reisbureaus79110
Primary activity highlighted.
Names & trade names
Legal nameNL ISINGA
Registered office
Wezestraat 81 bus 1
8870 Izegem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative