INDRA
Open bankruptcySummary
A bankruptcy procedure is open for INDRA according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (-€181,473) and a net result of -€58,503.
Are 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 Liège, Liège division
- Declared bankrupt
- 15 September 2025
- Supervising judge
- Michel Beguin
- Official Gazette
- 19-09-2025 (pdf) ↗search the document for 2025/137540
Curators
- Nicolas BiessauxRue Louvrex 55, 4000 Liege 1n.biessaux@mosal.be
- Francois FrederickBoulevard De La Sauveniere 117, 4000 Liege 1francois.frederick@flhm-avocats.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- 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 under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 16-10-2024, 77 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
77 d late
2022
185 d late
2021
95 d late
2020
89 d late
2019
101 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox or domiciliation address?Address check Are there other customers at risk in your own list?Debtor check How is the Cafés and bars sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
-€181,473▼ 47.6%
2022 · -€122,969
Total assets
€180,775▲ 26.2%
2022 · €143,215
Net result
-€58,503▼ 12.8%
2022 · -€51,844
Working capital
-€212,857▼ 39.4%
2022 · -€152,647
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€35,441▼ 155%€23,499€5,536▼ 76.4%-€50,465-€51,899▼ 2.8%
Net result-€39,529▼ 132%€21,310€3,246▼ 84.8%-€51,844-€58,503▼ 12.8%
Equity-€95,681▼ 70.4%-€74,371▲ 22.3%-€71,125▲ 4.4%-€122,969▼ 72.9%-€181,473▼ 47.6%
Total assets€44,521▼ 13.4%€51,447▲ 15.6%€55,235▲ 7.4%€143,215▲ 159%€180,775▲ 26.2%
Debt€140,201▲ 30.3%€125,817▼ 10.3%€126,360▲ 0.4%€266,185▲ 111%€362,248▲ 36.1%
Working capital-€77,415▼ 85.2%-€59,357▲ 23.3%-€64,391▼ 8.5%-€152,647▼ 137%-€212,857▼ 39.4%
Staff (FTE)1.7▲ 54.5%1.2▼ 29.4%1.4▲ 16.7%3.8▲ 171%4.6▲ 21.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €51,899 in 2023 against €50,465 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €180,775
Fixed assets
€41,416 ▼ 6.7%
Current assets
€139,360 ▲ 41.0%
Key figures and ratios
EBITDA
-€44,328▲
2022 · -€46,738
Cash flow
-€50,932▼
2022 · -€48,118
Solvency
-100.4%▼
2022 · -85.9%
Current ratio
0.40▲
2022 · 0.39
Quick ratio
0.38▲
2022 · 0.37
Debt to equity
-2.00▲
2022 · -2.16
ROA
-32.4%▲
2022 · -36.2%
Interest coverage
-5.96▲
2022 · -24.47
Debt ≤ 1 year
€352,217▲
2022 · €251,481
Debt > 1 year
€9,581▼
2022 · €12,854
Staff costs
€185,637▲
2022 · €129,483
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €36,575 | €129,483 | €185,637 | ▲ 43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,873 | €2,861 | €2,664 | €3,727 | €7,572 | ▲ 103% |
| Other operating charges640/8 | - | - | €892 | €2,041 | €9,235 | ▲ 353% |
| Non-recurring operating charges66A | - | - | €895 | - | - | - |
| Gross operating margin9900 | €39,524 | €48,195 | €46,561 | €84,785 | €150,545 | ▲ 77.6% |
| Operating profit (loss)9901 | -€35,441 | €23,499 | €5,536 | -€50,465 | -€51,899 | ▼ 2.8% |
| Financial income75/76B | - | - | €1 | €531 | €840 | ▲ 58.1% |
| Recurring financial income75 | €4 | €0 | €1 | €531 | €670 | ▲ 26.2% |
| Non-recurring financial income76B | - | - | - | - | €170 | - |
| Financial charges65/66B | - | - | €2,291 | €1,910 | €7,443 | ▲ 290% |
| Recurring financial charges65 | €4,092 | €2,189 | €2,291 | €1,910 | €7,443 | ▲ 290% |
| Profit (loss) for the period before taxes9903 | -€39,529 | €21,310 | €3,246 | -€51,844 | -€58,503 | ▼ 12.8% |
| Profit (loss) for the period9904 | -€39,529 | €21,310 | €3,246 | -€51,844 | -€58,503 | ▼ 12.8% |
| Profit (loss) for the period to be appropriated9905 | -€39,529 | €21,310 | €3,246 | -€51,844 | -€58,503 | ▼ 12.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,521 | €51,447 | €55,235 | €143,215 | €180,775 | ▲ 26.2% |
| Fixed assets21/28 | €14,801 | €11,939 | €10,312 | €44,382 | €41,416 | ▼ 6.7% |
| Tangible fixed assets22/27 | €14,741 | €11,879 | €10,252 | €44,322 | €41,356 | ▼ 6.7% |
| Plant, machinery and equipment23 | - | - | €421 | €21,062 | €17,020 | ▼ 19.2% |
| Furniture and vehicles24 | - | - | €1,138 | €692 | €4,205 | ▲ 507% |
| Other tangible fixed assets26 | - | - | €8,693 | €9,628 | €7,190 | ▼ 25.3% |
| Assets under construction and advance payments27 | - | - | - | €12,940 | €12,940 | = |
| Financial fixed assets28 | €60 | €60 | €60 | €60 | €60 | = |
| Current assets29/58 | €29,720 | €39,507 | €44,922 | €98,834 | €139,360 | ▲ 41.0% |
| Stocks and contracts in progress3 | €4,364 | €2,364 | €2,814 | €5,814 | €6,296 | ▲ 8.3% |
| Stocks30/36 | - | - | €2,814 | €5,814 | €6,296 | ▲ 8.3% |
| Amounts receivable within one year40/41 | €21,765 | €28,567 | €24,583 | €69,291 | €105,360 | ▲ 52.1% |
| Trade receivables40 | - | - | €24,581 | €60,776 | €102,062 | ▲ 67.9% |
| Other amounts receivable41 | - | - | €2 | €8,515 | €3,298 | ▼ 61.3% |
| Cash at bank and in hand54/58 | €3,190 | €8,443 | €17,476 | €23,141 | €26,229 | ▲ 13.3% |
| Deferred charges and accrued income490/1 | - | - | €50 | €589 | €1,475 | ▲ 151% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,521 | €51,447 | €55,235 | €143,215 | €180,775 | ▲ 26.2% |
| Equity10/15 | -€95,681 | -€74,371 | -€71,125 | -€122,969 | -€181,473 | ▼ 47.6% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€114,281 | -€92,971 | -€89,725 | -€141,569 | -€200,073 | ▼ 41.3% |
| Amounts payable17/49 | €140,201 | €125,817 | €126,360 | €266,185 | €362,248 | ▲ 36.1% |
| Amounts payable after more than one year17 | €32,772 | €26,578 | €17,000 | €12,854 | €9,581 | ▼ 25.5% |
| Financial debts170/4 | - | - | €17,000 | €12,854 | €9,581 | ▼ 25.5% |
| Amounts payable within one year42/48 | €107,135 | €98,864 | €109,313 | €251,481 | €352,217 | ▲ 40.1% |
| Current portion of amounts payable after more than one year42 | - | - | €1,578 | €3,174 | €3,816 | ▲ 20.2% |
| Financial debts43 | - | - | €310 | €176 | €176 | = |
| Credit institutions430/8 | - | - | €310 | €176 | €176 | = |
| Trade debts44 | €53,180 | €55,067 | €69,052 | €186,514 | €134,870 | ▼ 27.7% |
| Suppliers440/4 | - | - | €69,052 | €186,514 | €134,870 | ▼ 27.7% |
| Taxes, remuneration and social security45 | - | - | €23,962 | €37,424 | €149,999 | ▲ 301% |
| Taxes450/3 | - | - | €13,219 | €11,823 | €68,541 | ▲ 480% |
| Remuneration and social security454/9 | - | - | €10,743 | €25,601 | €81,457 | ▲ 218% |
| Other amounts payable47/48 | - | - | €14,411 | €24,193 | €63,357 | ▲ 162% |
| Accrued charges and deferred income492/3 | - | - | €46 | €1,850 | €450 | ▼ 75.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€39,529 | €21,310 | €3,246 | -€51,844 | -€58,503 | ▼ 12.8% |
| + Depreciation and write-downs630 | €2,873 | €2,861 | €2,664 | €3,727 | €7,572 | ▲ 103% |
| Operating cash flow (approximation) | -€36,656 | €24,171 | €5,910 | -€48,118 | -€50,932 | ▼ 5.8% |
| Investment in fixed assets (approximation) | - | €0 | -€1,037 | -€37,796 | -€4,606 | ▲ 87.8% |
| Change in cash | - | €5,253 | €9,033 | €5,665 | €3,088 | ▼ 45.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-09
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 15-09-2025
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 77 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 185 days late
2023
31-12
Financial
Weakest financial yearnet -€58,503
Net result drops to -€58,503, the lowest in the series.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 95 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Back to profitnet €21,310
Net result €21,310 after 2 loss-making years.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ferrières · 2 establishment units since 2003
Ground area
2,861 m²
Building footprint
405 m²
Volume, LiDAR
1,684 m³
3 parcels, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Indra
since 20032.275.187.557
Brasserie Henri
since 20182.275.186.963
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61077A0427/02A000 | Wallonia | 1,301 m² | 1 · 84 m² | 9.0 m · 2 fl. |
| 61077A0442/00T000 | Wallonia | 1,190 m² | 1 · 193 m² | - |
| 61024A0136/00H000 | Wallonia | 370 m² | 1 · 129 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | NICOLAS BIESSAUX RUE LOUVREX 55, 4000 LIEGE 1- |
15-09-2025 → present |
| Curator | FRANCOIS FREDERICK BOULEVARD DE LA
SAUVENIERE 117, 4000 LIEGE 1 |
15-09-2025 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,006 companies in sector 56301 we hold annual accounts for 4,889. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-05-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46170Agents in the wholesale of food, beverages and tobacco
56301Cafés and bars
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.