INTERSPINNING
Open bankruptcyA bankruptcy procedure is open for INTERSPINNING according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-6.85M) and a net result of €-508k.
Signals
Four 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 31-12-2022 was due by 31-07-2023 and was filed on 19-10-2023, 80 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
not filed
2022
80 d late
2021
26 d late
2020
31 d late
2019
69 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, abbreviated schema
Equity
€-6.85M▼ 8.0%
2021 · €-6.34M
2018: €-6.21M
2019: €-6.39M
2020: €-6.29M
2021: €-6.34M
2018 → 2022
Total assets
€4.77M▼ 1.6%
2021 · €4.85M
2018: €859k
2019: €3.52M
2020: €4.32M
2021: €4.85M
2018 → 2022
Net result
€-508k▼ 836%
2021 · €-54k
2018: €-164k
2019: €-183k
2020: €104k
2021: €-54k
2018 → 2022
Working capital
€-6.85M▼ 8.0%
2021 · €-6.34M
2018: €-6.21M
2019: €-6.39M
2020: €-6.29M
2021: €-6.34M
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-6.21M-€-6.39M▼ 2.9%€-6.29M▲ 1.6%€-6.34M▼ 0.9%€-6.85M▼ 8.0%
Operating result€-146k-€-173k▼ 18.8%€104k€-60k€-500k▼ 733%
Net result€-164k-€-183k▼ 11.6%€104k€-54k€-508k▼ 836%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €500k in 2022 against €60k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €4.77M
Fixed assets
€832▼ 20.3%
Current assets
€4.77M▼ 1.6%
Key figures and ratios
EBITDA
€-499k▼
2021 · €-60k
Cash flow
€-508k▼
2021 · €-54k
Solvency
-143.6%▼
2021 · -130.8%
Current ratio
0.41▼
2021 · 0.43
Quick ratio
0.27▲
2021 · 0.26
Debt / equity
-1.70▲
2021 · -1.76
ROA
-10.7%▼
2021 · -1.1%
Interest coverage
-29.54▼
2021 · -6.75
Debt
€11.62M▲
2021 · €11.19M
Debt ≤ 1 year
€11.62M▲
2021 · €11.19M
Staff costs
€1k▼
2021 · €18k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€4.85M€4.77M▼
Fixed assets21/28€1k€832▼
Tangible fixed assets22/27€1k€832▼
Plant, machinery and equipment23€1k€832▼
Current assets29/58€4.85M€4.77M▼
Stocks and contracts in progress3€1.98M€1.66M▼
Stocks30/36€1.98M€1.66M▼
Amounts receivable within one year40/41€2.86M€3.10M▲
Trade receivables40€2.83M€3.10M▲
Other amounts receivable41€22k€3k▼
Cash at bank and in hand54/58€13k€5k▼
Equity and liabilities
Total equity and liabilities10/49€4.85M€4.77M▼
Equity10/15€-6.34M€-6.85M▼
Contributions10/11€750k€750k=
Capital10€750k€750k=
Issued capital100€750k€750k=
Reserves13€8k€8k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Profit (loss) carried forward14€-7.10M€-7.61M▼
Amounts payable17/49€11.19M€11.62M▲
Amounts payable within one year42/48€11.19M€11.62M▲
Current portion of amounts payable after more than one year42€8.72M€8.72M=
Trade debts44€2.02M€2.30M▲
Suppliers440/4€2.02M€2.30M▲
Taxes, remuneration and social security45€0€14k▲
Taxes450/3€0€14k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€450k€579k▲
Income statement
Code20212022
Non-recurring operating income76A€194k-
Remuneration, social security and pensions62€18k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39€213▲
Other operating charges640/8€2k€122▼
Gross operating margin9900€-40k€-498k▼
Operating profit (loss)9901€-60k€-500k▼
Financial income75/76B€15k€8k▼
Recurring financial income75€15k€8k▼
Financial charges65/66B€9k€17k▲
Recurring financial charges65€9k€17k▲
Profit (loss) for the period before taxes9903€-54k€-508k▼
Profit (loss) for the period9904€-54k€-508k▼
Profit (loss) for the period to be appropriated9905€-54k€-508k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7.10M€-7.61M▼
Profit (loss) brought forward from the previous period14P€-7.04M€-7.10M▼
Social balance
Average headcount (FTE)90870.5-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
01-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · INTERSPINNING NV INDUS- TRIEWEG 176, 9030 MARIAKERKE (GENT) · event 25-06-2024
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 80 days late
2022
31-12
Financial
Weakest financial yearnet €-508k
Net result drops to €-508k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €104k
Net result €104k after 2 loss-making years.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
15-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
22-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gent · 1 establishment unit since 2000
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.
Industrieweg 1769030 GentGround area
2.4 ha
Building footprint
1.5 ha
Volume, LiDAR
106,813 m³
Parcel 44038A0037/00G000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Industrieweg 176, 9030 Gent
since 20002.101.022.869
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0037/00G000 | Flanders | 2.4 ha | 1 · 1.5 ha | 8.5 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | SOFIE DE NIJS GROOT-BRITTANNIELAAN 10,
9000 GENT |
25-06-2024 → present |
| Curator | PIETER HUYGHE SAVAAN-
STRAAT 72, 9000 GENT |
25-06-2024 → present |
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Of 210 companies in sector 13100 we hold annual accounts for 139. 28 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-10-2000
Fiscal year end31-12
Activities, NACEBEL
13100Manufacture of textiles
17120
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.