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ISTOG

Open bankruptcy
Private limited companyfounded 2019KBO/BCE: BE 0733.635.150

A bankruptcy procedure is open for ISTOG according to publications in the Belgian State Gazette; curator: CHRISTOPHE TAQUIN.

Summary

The 2022 annual accounts show equity of €542 and a net result of €1,321.

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 Hainaut, Mons division
Declared bankrupt
16 September 2024
Supervising judge
Dimitri Kalokyris
Official Gazette
26-09-2024 (pdf) ↗search the document for 2024/136102

Deadlines

Provisional date payments stopped
16 September 2024A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 11 October 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 16 October 2024art. XX.104 and XX.155 CEL
First verification report
passed on 15 November 2024Goods 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 16 September 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Christophe TaquinRue Des Fosses 6, 7000 Mons- . Date provisoire de cessation de paiement : 16/09/2024c.taquin@aquo.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 04-05-2023, 4 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 · 3 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
4 d late
2021
11 d early
2020
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 12 days after the deadline, and 56% of the sector filed late.

Checked, nothing found (1)
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

History

ISTOG was incorporated on 3 September 2019 as a Private limited company.1 Total assets rose from EUR 4,129 in 2020 to EUR 34,812 in 2022.2 On 16 September 2024 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2022
  3. 3Belgian State Gazette, 26-09-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2022, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1,321▼ 75.8%
2021 · €5,450
Working capital
-€4,129▲ 25.0%
2021 · -€5,508
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 53, Postal and courier activities, 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
Line202020212022
Operating result-€8,474-€5,531€1,589▼ 71.3%
Net result-€8,529below the sector's middle half-€5,450within the sector's middle half€1,321within the sector's middle half▼ 75.8%
Equity-€6,229below the sector's middle half--€779below the sector's middle half▲ 87.5%€542below the sector's middle half
Total assets€4,129below the sector's middle half-€11,596below the sector's middle half▲ 181%€34,812below the sector's middle half▲ 200%
Debt€10,358-€12,375▲ 19.5%€34,270▲ 177%
Working capital-€6,229--€5,508▲ 11.6%-€4,129▲ 25.0%
Solvency-6.7%below the sector's middle half1.6%below the sector's middle half▲ 8.3pp
above within below the middle half (P25 to P75) of NACE 53, Postal and courier activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000Operating result 2020: -€8,474-€8,474Net result 2020: -€8,529-€8,529Operating result 2021: €5,531€5,531Net result 2021: €5,450€5,450Operating result 2022: €1,589€1,589Net result 2022: €1,321€1,321202020212022-€10,000-€5,000€0€5,000Operating result 2020: -€8,474-€8,470Net result 2020: -€8,529-€8,530Operating result 2021: €5,531€5,530Net result 2021: €5,450€5,450Operating result 2022: €1,589€1,590Net result 2022: €1,321€1,320202020212022
The operating result falls in 2022; 2022 is 71% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €34,812
Fixed assets €4,671 ▼ 1.2%
Current assets €30,141 ▲ 339%
Equity and liabilities €34,812
Equity €542
Debt €34,270
Debt finances 98.4% of the balance-sheet total.
Key figures and ratios
2022 value · change against 2021
EBITDA
€2,798▼
2021 · €5,838
Cash flow
€2,530▼
2021 · €5,757
Current ratio
0.88▲
2021 · 0.55
ROA
3.8%▼
2021 · 47.0%
Interest coverage
10.39▼
2021 · 72.34
Debt ≤ 1 year
€34,270▲
2021 · €12,375
Staff costs
€321=
2021 · €321
Equity ratios withheld: equity of €542 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 37 lines
Balance sheet Code20212022
Assets
Total assets20/58€11,596€34,812▲
Fixed assets21/28€4,730€4,671▼
Tangible fixed assets22/27€4,730€4,671▼
Plant, machinery and equipment23€4,730€4,671▼
Current assets29/58€6,867€30,141▲
Amounts receivable within one year40/41€2,146€11,975▲
Trade receivables40€413€9,568▲
Other amounts receivable41€1,732€2,406▲
Cash at bank and in hand54/58€4,197€17,507▲
Deferred charges and accrued income490/1€524€659▲
Equity and liabilities
Total equity and liabilities10/49€11,596€34,812▲
Equity10/15-€779€542▲
Contributions10/11€2,300€2,300=
Outside capital11€2,300-
Share premium1100/10€2,300-
Profit (loss) carried forward14-€3,079-€1,758▲
Amounts payable17/49€12,375€34,270▲
Amounts payable within one year42/48€12,375€34,270▲
Trade debts44€1,162€21,606▲
Suppliers440/4€1,162€21,606▲
Taxes, remuneration and social security45-€5,128
Taxes450/3-€5,128
Other amounts payable47/48€11,212€7,536▼
Income statement Code20212022
Remuneration, social security and pensions62€321€321=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€307€1,209▲
Other operating charges640/8€571€1,420▲
Gross operating margin9900€6,729€4,539▼
Operating profit (loss)9901€5,531€1,589▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€81€269▲
Recurring financial charges65€81€269▲
Profit (loss) for the period before taxes9903€5,450€1,321▼
Profit (loss) for the period9904€5,450€1,321▼
Profit (loss) for the period to be appropriated9905€5,450€1,321▼
Appropriation of the result
Profit (loss) to be appropriated9906-€3,079-€1,758▲
Profit (loss) brought forward from the previous period14P-€8,529-€3,079▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202020212022Change
Remuneration, social security and pensions62-€321€321=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€307€1,209▲ 294%
Other operating charges640/8-€571€1,420▲ 149%
Gross operating margin9900-€6,563€6,729€4,539▼ 32.5%
Operating profit (loss)9901-€8,474€5,531€1,589▼ 71.3%
Financial income75/76B--€1-
Recurring financial income75€0-€1-
Financial charges65/66B-€81€269▲ 234%
Recurring financial charges65€130€81€269▲ 234%
Profit (loss) for the period before taxes9903-€8,529€5,450€1,321▼ 75.8%
Profit (loss) for the period9904-€8,529€5,450€1,321▼ 75.8%
Profit (loss) for the period to be appropriated9905-€8,529€5,450€1,321▼ 75.8%
Line202020212022Change
Assets
Total assets20/58€4,129€11,596€34,812▲ 200%
Fixed assets21/28-€4,730€4,671▼ 1.2%
Tangible fixed assets22/27-€4,730€4,671▼ 1.2%
Plant, machinery and equipment23-€4,730€4,671▼ 1.2%
Current assets29/58€4,129€6,867€30,141▲ 339%
Amounts receivable within one year40/41€1,635€2,146€11,975▲ 458%
Trade receivables40-€413€9,568▲ 2,215%
Other amounts receivable41-€1,732€2,406▲ 38.9%
Cash at bank and in hand54/58€1,998€4,197€17,507▲ 317%
Deferred charges and accrued income490/1-€524€659▲ 25.9%
Equity and liabilities
Total equity and liabilities10/49€4,129€11,596€34,812▲ 200%
Equity10/15-€6,229-€779€542▲ 170%
Contributions10/11€2,300€2,300€2,300=
Outside capital11-€2,300--
Share premium1100/10-€2,300--
Profit (loss) carried forward14-€8,529-€3,079-€1,758▲ 42.9%
Amounts payable17/49€10,358€12,375€34,270▲ 177%
Amounts payable within one year42/48€10,358€12,375€34,270▲ 177%
Trade debts44€1,970€1,162€21,606▲ 1,759%
Suppliers440/4-€1,162€21,606▲ 1,759%
Taxes, remuneration and social security45--€5,128-
Taxes450/3--€5,128-
Other amounts payable47/48-€11,212€7,536▼ 32.8%
Line202020212022Change
Profit (loss) for the period9904-€8,529€5,450€1,321▼ 75.8%
+ Depreciation and write-downs630-€307€1,209▲ 294%
Operating cash flow (approximation)-€8,529€5,757€2,530▼ 56.1%
Investment in fixed assets (approximation)---€1,150-
Change in cash-€2,200€13,310▲ 505%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2024
26-09
Bankruptcy Opening
Tribunal de l’entreprise du Hainaut, division Mons · event 16-09-2024
2023
04-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
19-04
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial Back to profitnet €5,450
Net result €5,450 after one loss-making year.
28-04
NBB filing Annual accounts filed
fiscal year 2020 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 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, Braine-le-Comte · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
463 m²
Building footprint
187 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Pizzeria Istog
Rue des Combattants(M) 2, 7070 Le RoeulxOther postal and courier activities
since 20192.293.352.687
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
55302C0170/00D006 Wallonia 393 m² 1 · 69 m² -
55027A0414/00H000 Wallonia 70 m² 1 · 118 m² -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 CHRISTOPHE TAQUIN
RUE DES FOSSES 6, 7000 MONS- . Date provisoire de cessation de paiement : 16/09/2024
16-09-2024 → present

Similar companies · same sector, comparable size

Of 4,920 companies in sector 53200 we hold annual accounts for 1,323. 147 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
Founded03-09-2019
Fiscal year end30-09
Activities, NACEBEL 2025
53200Other postal and courier activities
56301Cafés and bars
Contact
Phone +32000000
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 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.