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INSUMAT

Active
Public limited companyfounded 198937 yrs activeMoutstraat 61, 9000 Gent, BelgiumKBO/BCE: BE 0437.119.216
Summary

INSUMAT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of -€6,465. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 34% of 5653 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
INSUMATActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Buying and selling of own real estate
NACE 68110NACE 68100Renting and operating of own or leased residential real estate, excluding social housing NACE 68201
1 site
Size
€9.7mtotal assets 2025
Staff
1 FTE
Equity
€2.1m
Loss
-€6,465
Financial health
90 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Board
4 members
Accounts 31 d early1 of 11 deeds read
Why 90- Liquidity: current ratio 0.02, cash €50,278, halved- Equity €2.1m (21.3% of total assets)+ Size: 1 FTE, total assets €9.7m+ Founded in 1989Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Better than 34% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 46+1
equity 21.3% of total assets
Liquidity 25=
short-term debt 50.8% · cash 0.5%
Profitability 38+8
return on assets -0.1%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,417 companies)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● 0.0% vs 11-2024 01-2025: 0.4%● 0.0% vs 12-2024 02-2025: 0.4%● 0.0% vs 01-2025 03-2025: 0.4%▲ +1.1% vs 02-2025 04-2025: 0.4%▼ -2.5% vs 03-2025 05-2025: 0.4%▲ +0.2% vs 04-2025 06-2025: 0.4%▲ +2.3% vs 05-2025 07-2025: 0.6%▲ +30.0% vs 06-2025highest value 08-2025: 0.2%▼ -62.6% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%▼ -0.5% vs 12-2025 02-2026: 0.2%● 0.0% vs 01-2026 03-2026: 0.2%▲ +3.8% vs 02-2026 04-2026: 0.2%▲ +4.1% vs 03-2026 05-2026: 0.2%▲ +0.4% vs 04-2026 06-2026: 0.3%▲ +9.1% vs 05-2026 07-2026: 0.1%▼ -47.2% vs 06-2026lowest value 08-2026: 0.1%● 0.0% vs 07-2026lowest value 09-2026: 0.1%● 0.0% vs 08-2026lowest value 10-2026: 0.1%● 0.0% vs 09-2026lowest value
  • Size: 1 FTE, total assets €9.7m lowers the probability for this profile
  • Liquidity: current ratio 0.02, cash €50,278, halved raises the probability
  • Founded in 1989 lowers the probability for this profile
  • Equity €2.1m (21.3% of total assets) raises the probability
Credit up to €180,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.04 in 2024; short-term debt: 50.8% and cash: 0.5% of total assets), and 78.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 41%, liquidity 19%, profitability 34%, growth against the median 43%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: 1 FTE, total assets €9.7m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.02, cash €50,278, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1989
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Equity €2.1m (21.3% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
14 d early
2023
9 d early
2022
70 d late
2021
31 d late
2020
17 d early
2019
106 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 July (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Appointments: Patrick Huyghe (managing director) and…Reappointments: Patrick Huyghe, Sophie Maes…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Positive: Result rose in 2025from -€73,040 to -€6,465 ▲ 91.1% View
  • New directorslatest change 01-06-2026 · 4 in office 4 joined View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€6,465 View

By topic

Financials

Fiscal year
2025
Total assets
€9.7m
Loss
-€6,465
Solvency
21.3%
Total assets▼ 4.4%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 22-07-2026Appointments: Patrick Huyghe (managing director) and Sophie…
  2. 30-06-2026Annual accounts filed
  3. 17-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
24-03-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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