Equity
-€1.3m from €755,856 in 2019
Equity fell below zero in 2024.
Genisol
Information for creditors
Enterprise Court of Ghent, Ghent division · Official Gazette of 07-05-2026Filing the claim in RegSol 21-05-2026Appeal or third-party opposition 22-05-2026First verification report 26-05-2026Late claim until 21-04-2027
- Geert Defreynetrusteegdf@defreyne-degryse.be
- Laurence Caramintrusteelaurence@vancuyck.be
Steps, deadlines and articles of law
The procedure
- Supervising judge
- Isabelle Van Vooren
- Official Gazette
- 07-05-2026search the document for 2026/001186
Deadlines
- Provisional date payments stopped
- 21 April 2026A later judgment can still change the date.art. XX.105, Code of Economic Law
- Filing the claim in RegSol
- passed on 21 May 2026art. XX.104 and XX.155, Code of Economic Law
- Appeal or third-party opposition
- passed on 22 May 2026art. XX.108, Code of Economic Law
- First verification report
- passed on 26 May 2026art. 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. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustees
- Geert DefreyneKortrijksesteenweg 361, 9000 Gentgdf@defreyne-degryse.be
- Laurence CaraminHofkouterstraat 5, 9890 Gaverelaurence@vancuyck.be
Steps for a creditor
- Stop delivering on credit unless the trustee agrees.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- The ordinary term has passed. File a late claim in RegSol (regsol.be) until 21 April 2027, yourself with eID or itsme, or through your lawyer. It shares only in what has not yet been paid out, and you bear the costs.
- 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.
If this company owes you money, you are not paid automatically. You file your claim yourself, within the deadline the judgment sets.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Lifetime
18 annual accounts with figures on one time axis, 43 filings since 1982peak €15.2m (2013)
€3.0m▼ 54.6%
lowest -€1.8m (2024)
-€1.8m▼ €1.6m
peak €755,856 (2019)
-€1.3m▼ €1.8m
€5.3m▲ 23.5%
peak 62.9 FTE (2012)
35.3 FTE▼ 15.6%
Board4 names since 2019
1 directorNV Fedrac
Owners4 names in the annual accounts
99.06%FEDRAC and 1 other
Documentsfilings and deeds
01-08-20251 day late
2024financial year
Turnover from €6.7m to €3.0mLoss of €1.8mStaff from 41.8 FTE to 35.3 FTEEquity from €536,016 to -€1.3mDebts from €4.3m to €5.3mCash from €22,472 to €12,727
Key points
from the 2024 annual accounts, the last ones filedResult
-€1.8m ▼ 741%
The result fell in 2024 from -€214,154 to -€1.8m.
Debts
€5.3m 132% of the balance sheet
Financial debts 42%Suppliers 37%Taxes and wages 16%Other 5%
Of this, €3.0m falls due within a year.
Staff
35.3 FTE from 62.9 in 2012
Between 2012 and 2024, 44% of the full-time equivalents disappeared.
Payment terms
202 days to suppliers
Genisol pays its suppliers 40 days later than in 2023. Customers pay 29 days later.
Filings
43 annual accounts since 1982
Two of the last ten came late. The 2019 accounts came latest: 60 days after the end of the period.
No score
Board and ownership
- FEDRAC 99.06%score 89equity €2.4m (2025) · annual accounts 2024
- GINDAC NV consolidatesscore 99equity €3.0m (2025) · annual accounts 2013
- Francois Goubau 0.94%annual accounts 2024
Recent changes
Bankruptcy published
Enterprise Court of Ghent, Ghent division · judgment of 21-04-2026 · Bankruptcy
Bankruptcy published
Enterprise Court of Ghent, Ghent division · judgment of 22-04-2026 · Bankruptcy
End of the transfer under court supervision
Enterprise Court of Ghent · court-supervised transfer · Judicial reorganisation
Domus Team at this address
Official details
Source: KBO- Status
- In bankruptcydeclared bankrupt on 21-04-2026
- Activity
- Insulation installationNACE 43230and 5 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.019.505.8519940 Evergem, since 01-01-1982
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Annual accounts 2024
- €4.0m▼ 16.6%
- Employeeson 31-12-2024
- 31▼ 20.5%
- Filing
- Filed on 01-08-2025
Insights on Genisol
Genisol reached its highest turnover since 2007 in 2013: €15.2m. A year later it was €12.2m, and in 2015 still €12.0m.
Equity fell from €755,856 in 2019 to -€1.3m in 2024, while debts rose from €3.8m to €5.3m.
On 22 April 2026 the court declared Genisol bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Genisol
- What is the company number of Genisol?
- The company number of Genisol is 0422.099.854. The VAT number is the same number with BE in front: BE 0422.099.854.
- Where was Genisol based?
- The last known address of the registered office is Rabotstraat 113, 9940 Evergem.Company details
- What does Genisol do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of Genisol?
- Genisol is a public limited company (NV).
- When was Genisol founded?
- Genisol was founded on 06-11-1981.
- Is Genisol still active?
- A bankruptcy is running. A bankruptcy trustee manages the company.
- How many employees did Genisol have?
- Genisol had an average of 35.3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does Genisol fall under?
- In its 2024 annual accounts, Genisol states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Genisol?
- The turnover of Genisol was €3.0m in financial year 2024, according to the filed annual accounts.
- Is Genisol profitable?
- In financial year 2024, Genisol made a loss of €1.8m.
- Where can I find the annual accounts of Genisol?
- Genisol filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
See what became of the directors' other companies.Supplier due diligence See who ran this company and where its registered office was, on a date of your choice.Company as of a date Find how this company is connected to another party.Network investigator Check whether the registered address is a letterbox address or a business centre.Addresses Check your own customer list for customers at risk.Process a list See how the insulation installation sector is doing.Sector figures