form asks if our company has ever gone bankrupt what do I answer
Bankruptcy history is objective information in the business register
This answer is a fact, not an assessment: has the enterprise ever been in a state of bankruptcy, yes or no. There is no room for interpretation as there would be with a risk assessment or a policy question — the answer follows from the registration history of the enterprise at the Chamber of Commerce. A suspension of payments, a debt restructuring, or an ongoing bankruptcy is recorded in the business register; the termination of these is also registered.
In case of a "yes", the requesting party usually expects a brief explanation: when the bankruptcy was declared, whether the business was continued following an agreement or fresh start, and under what name and number this occurred if the legal form changed. The latter relates to the registration number under which the enterprise is registeredentity continuity: after a bankruptcy fresh start, a new legal entity with a new number is often established, and the requesting party usually wants to know whether the answer refers to the current entity or to a legal predecessor. If the answer is "no", this is a matter of consulting the register, not of making an assessment.
Why this follows from the business register
The Trade Register Act 2007 requires registration of the legal form and status of an enterprise, and bankruptcy is a recorded fact within it, not a fact open to interpretation. This makes this question different from questions about size or activity: with the sector in which the enterprise operates there is room for your own description, but with a bankruptcy question there is one correct registration status that can be obtained from the Chamber of Commerce. Doubt about the precise period or about which legal entity was involved at the time can therefore be resolved by consulting the business register, not by providing an educated guess.
What this is based on
- Trade Register Act 2007 — the data recorded for each company
- EFRAG VSME — the voluntary standard for non-listed SMEs, basic module
- Directive (EU) 2022/2464 (CSRD)
- ISO/IEC 27001 — Annex A, the control measures
- Directive (EU) 2022/2555 (NIS2), Article 21(2) — the ten measures
The regulation itself is on EUR-Lex. We refer for each claim; you do not have to take our word for it.
What you concretely need to do
The implementation of each obligation, with the deadlines involved and the templates for recording it, is included in the subscription.
View the subscription First the free quick-scanThis is not legal advice. This page provides general information on the regulations this platform covers. We do not know your situation. If in doubt about your own case, consult a lawyer or the competent supervisory authority.
Written with AI based on the sources above, checked by a human on 2026-09-05. Is something incorrect? Let us know — corrections receive priority.