INDIVOEG

Bankruptcy closed

Private limited company (pre-2019)founded 1992Jan van Renessestraat(Bis) 7, 8501 Kortrijk, BelgiumKBO/BCE: BE 0448.620.545

INDIVOEG was declared bankrupt on 18-02-2025 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 30-06-2026, published in the Belgian State Gazette on 03-07-2026.

No longer registered with the KBO since 30-06-2026; last annual accounts for fiscal year 2021.

Watch Print / PDF

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register last recorded the legal situation: open bankruptcy (code 050); the register carries no start date. The Staatsblad has since published the closure of that bankruptcy (latest notice 03-07-2026); the registration has since been removed from the register.

KBO · legal situation

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

Latest accounts filed on time

The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 25-03-2022, 36 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

not filed

2022

not filed

2021

36 d early

2020

39 d early

2019

43 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2021, micro schema

Equity

€254k▲ 10.9%

2020 · €229k

2018: €156k 2019: €187k 2020: €229k

2018 → 2021

Total assets

€285k▼ 9.2%

2020 · €315k

2018: €259k 2019: €243k 2020: €315k

2018 → 2021

Net result

€25k▼ 40.1%

2020 · €42k

2018: €8k 2019: €31k 2020: €42k

2018 → 2021

Working capital

€243k▲ 10.7%

2020 · €220k

2018: €164k 2019: €194k 2020: €220k

2018 → 2021

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2018201920202021Trend

Equity€156k-€187k▲ 20.2%€229k▲ 22.2%€254k▲ 10.9%

Operating result€25k-€51k▲ 100%€58k▲ 13.2%€44k▼ 24.4%

Net result€8k-€31k▲ 271%€42k▲ 32.1%€25k▼ 40.1%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2021; 2021 is 24% below 2020.

Balance-sheet composition

2021 in colour, 2020 as the grey bar beneath

Assets €285k

94.3%

Fixed assets €16k▼ 22.7%

Current assets €269k▼ 8.3%

Equity and liabilities €285k

89.0%

11%

Equity €254k▲ 10.9%

Debt €32k▼ 63.2%

The debt ratio falls from 27.2% to 11.0%. Equity is higher and debt is lower.

Key figures and ratios

2021 value · change against 2020

EBITDA

€50k▼

2020 · €66k

Cash flow

€32k▼

2020 · €50k

Solvency

89.0%▲

2020 · 72.8%

Current ratio

10.28▲

2020 · 3.97

Quick ratio

10.28▲

2020 · 3.97

Debt / equity

0.02▼

2020 · 0.05

ROE

9.8%▼

2020 · 18.2%

ROA

8.7%▼

2020 · 13.2%

Debt

€32k▼

2020 · €86k

Debt ≤ 1 year

€26k▼

2020 · €74k

Debt > 1 year

€5k▼

2020 · €12k

Income taxes

€15k▲

2020 · €13k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2021 against 2020

Balance sheet Code20202021

Assets

Total assets20/58€315k€285k▼

Fixed assets21/28€21k€16k▼

Tangible fixed assets22/27€20k€15k▼

Financial fixed assets28€1k€1k▼

Current assets29/58€294k€269k▼

Amounts receivable within one year40/41€289k€264k▼

Cash at bank and in hand54/58€4k€6k▲

Equity and liabilities

Total equity and liabilities10/49€315k€285k▼

Equity10/15€229k€254k▲

Reserves13€79k€104k▲

Profit (loss) carried forward14€132k€132k=

Amounts payable17/49€86k€32k▼

Amounts payable after more than one year17€12k€5k▼

Amounts payable within one year42/48€74k€26k▼

Trade debts44€55k€8k▼

Income statement Code20202021

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼

Gross operating margin9900€121k€53k▼

Operating profit (loss)9901€58k€44k▼

Recurring financial income75€1€2k▲

Recurring financial charges65€3k€6k▲

Profit (loss) for the period before taxes9903€55k€40k▼

Income taxes67/77€13k€15k▲

Profit (loss) for the period9904€42k€25k▼

Profit (loss) for the period to be appropriated9905€42k€25k▼

Download as CSV

Timeline · acts, filings and financial milestones

All 15Signals 2Financial 3Filings 10

2026

03-07

Bankruptcy Bankruptcy closure (by liquidation)

Ondernemingsrechtbank Gent, afdeling Kortrijk · INDIVOEG BV JAN VAN RENESSESTRAAT 7, 8501 KORTRIJK-BISSEGEM · event 30-06-2026

2025

24-02

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · INDIVOEG BV JAN VAN RENESSESTRAAT 7, 8501 KORTRIJK-BISSEGEM · event 18-02-2025

2022

25-03

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-09

Financial Liquidity triplescurrent ratio 10.28

Current ratio from 3.97 to 10.28; short-term debt falls from €74k to €26k.

22-03

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

30-09

Financial Highest result since 2018net €42k ▲32.1%

Operating result €58k, net result €42k, both a record.

30-09

Financial Equity above €200kEq €229k ▲22.2%

3 profitable years in a row build equity to €229k.

18-03

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

28-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 120 days late

2018

19-03

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

11-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 72 days late

2016

29-03

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

2015

13-03

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema

2014

24-03

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema

2013

18-03

NBB filing Annual accounts filed

fiscal year 2012 · abbreviated schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Registered office, Kortrijk

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Jan van Renessestraat(Bis) 78501 Kortrijk

Ground area

626 m²

Building footprint

212 m²

Volume, LiDAR

1,257 m³

Parcel 34007A0225/00L000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34007A0225/00L000	Flanders	626 m²	1 · 212 m²	8.6 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	SOFIE DEBUSSCHERE PRES. ROOSEVELTPLEIN 1, 8500 KORTRIJK	18-02-2025 → present

Recognitions · licences · registrations

Dual-learning approval

2 ended

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded09-11-1992

Fiscal year end30-09

Sources

Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.