Insaff
Open bankruptcyA bankruptcy procedure is open for Insaff according to publications in the Belgian State Gazette; curator: WERENFRIED SCHWAGTEN.
Summary
The 2021 annual accounts show equity of €19,630 and a net result of €930.
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 Antwerp, Antwerp division
- Declared bankrupt
- 27 July 2023
- Supervising judge
- Willy Roels
- Official Gazette
- 03-08-2023 (pdf) ↗search the document for 2023/131084
Deadlines
- Provisional date payments stopped
- 27 July 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 18 August 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 26 August 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 22 September 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 27 July 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Werenfried SchwagtenPrins Boudewijn- Laan 177-179, 2610 Wilrijk (Antwerpen)w.schwagten@ardent.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.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
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.Creditor guide for this company
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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 31-12-2021 was due by 31-07-2022 and was filed on 22-09-2022, 53 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
53 d late
2020
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 71 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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 address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Non-specialised retail sale with food, beverages or tobacco predominating sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Turnover
€118,742▼ 45.5%
2020 · €218,050
EBIT margin
-0.5%▼ 4.6pp
2020 · 4.1%
Net result
€930▼ 89.3%
2020 · €8,698
Working capital
€19,630▲ 126%
2020 · €8,698
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021
Turnover€218,050-€118,742▼ 45.5%
Operating result€8,906--€571
Net result€8,698within the sector's middle half-€930within the sector's middle half▼ 89.3%
EBIT margin4.1%--0.5%▼ 4.6pp
Equity€8,698within the sector's middle half-€19,630within the sector's middle half▲ 126%
Total assets€26,232below the sector's middle half-€29,675below the sector's middle half▲ 13.1%
Debt€17,534-€10,045▼ 42.7%
Working capital€8,698within the sector's middle half-€19,630within the sector's middle half▲ 126%
Solvency33.2%within the sector's middle half-66.1%above the sector's middle half▲ 33.0pp
Current ratio1.50within the sector's middle half-2.95above the sector's middle half▲ 1.46
Return on assets (ROA)33.2%above the sector's middle half-3.1%within the sector's middle half▼ 30.0pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €571 after €8,906 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €29,675
Equity
€19,630 ▲ 126%
Debt
€10,045 ▼ 42.7%
Debt's share of the balance-sheet total falls from 66.8% to 33.9%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.51▼
2020 · 2.02
ROE
4.7%▼
2020 · 100.0%
Debt ≤ 1 year
€10,045▼
2020 · €17,534
Income taxes
€491
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Turnover70 | €218,050 | €118,742 | ▼ 45.5% |
| Non-recurring operating income76A | €8,800 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €160,810 | €117,946 | ▼ 26.7% |
| Remuneration, social security and pensions62 | €55,400 | - | - |
| Other operating charges640/8 | €1,734 | €1,498 | ▼ 13.6% |
| Gross operating margin9900 | €66,040 | €927 | ▼ 98.6% |
| Operating profit (loss)9901 | €8,906 | -€571 | ▼ 106% |
| Financial income75/76B | - | €2,132 | - |
| Recurring financial income75 | - | €2,132 | - |
| Financial charges65/66B | €208 | €140 | ▼ 32.7% |
| Recurring financial charges65 | €208 | €140 | ▼ 32.7% |
| Profit (loss) for the period before taxes9903 | €8,698 | €1,421 | ▼ 83.7% |
| Income taxes67/77 | - | €491 | - |
| Profit (loss) for the period9904 | €8,698 | €930 | ▼ 89.3% |
| Profit (loss) for the period to be appropriated9905 | €8,698 | €930 | ▼ 89.3% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €26,232 | €29,675 | ▲ 13.1% |
| Current assets29/58 | €26,232 | €29,675 | ▲ 13.1% |
| Amounts receivable within one year40/41 | €26,118 | €29,670 | ▲ 13.6% |
| Other amounts receivable41 | €26,118 | €29,670 | ▲ 13.6% |
| Cash at bank and in hand54/58 | €114 | €5 | ▼ 95.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €26,232 | €29,675 | ▲ 13.1% |
| Equity10/15 | €8,698 | €19,630 | ▲ 126% |
| Contributions10/11 | - | €2 | - |
| Profit (loss) carried forward14 | €8,698 | €19,628 | ▲ 126% |
| Amounts payable17/49 | €17,534 | €10,045 | ▼ 42.7% |
| Amounts payable within one year42/48 | €17,534 | €10,045 | ▼ 42.7% |
| Trade debts44 | €13,810 | €6,708 | ▼ 51.4% |
| Suppliers440/4 | €13,810 | €6,708 | ▼ 51.4% |
| Taxes, remuneration and social security45 | €3,724 | €3,337 | ▼ 10.4% |
| Taxes450/3 | €3,724 | €3,337 | ▼ 10.4% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €8,698 | €930 | ▼ 89.3% |
| Operating cash flow (approximation) | €8,698 | €930 | ▼ 89.3% |
| Change in cash | - | -€109 | - |
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
2023
03-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 27-07-2023
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 53 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2019
Ground area
298 m²
Building footprint
298 m²
Volume, LiDAR
6,780 m³
Parcel 11808H0555/00C000, Flanders · tallest building 27.2 m, ±8 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Insaff
since 20192.290.207.315
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H0555/00C000 | Flanders | 298 m² | 1 · 298 m² | 27.2 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
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 | WERENFRIED SCHWAGTEN PRINS BOUDEWIJN-
LAAN 177-179, 2610 WILRIJK (ANTWERPEN)- |
27-07-2023 → present |
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,853. 4,135 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47252Retail sale of beverages, general range
47260Retail trade
47559Retail sale of other household articles
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.