CEM'S
ActiveSummary
The computed 12-month bankruptcy probability of CEM'S is 2.4% (moderate). The 2024 annual accounts show negative equity (-€11,146) and a net result of €619. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 18930 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability40▼-19
Solvency4▲+4
Growth72=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 0.63 in 2023; short-term debt: 120.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-20.8%
Return on assets
1.2%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 18930 sector peers (2024).
NBB · sector comparisonPosition among 18930 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 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
40 d late
2023
405 d late
2022
34 d early
2021
26 d late
2020
36 d early
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 70 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€82,217▲ 43.3%
2018 · €57,364
EBIT margin
2.3%▲ 30.8pp
2018 · -28.5%
Net result
€619▼ 63.8%
2023 · €1,712
Working capital
-€11,146▲ 5.3%
2023 · -€11,765
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20202021202220232024
Turnover
Operating result€9,404▲ 408%-€19,271-€21,538▼ 11.8%€1,712€1,047▼ 38.8%
Net result€8,854within the sector's middle half▲ 819%-€3,259below the sector's middle half-€22,838below the sector's middle half▼ 601%€1,712within the sector's middle half€619within the sector's middle half▼ 63.8%
EBIT margin
Equity€12,621within the sector's middle half▲ 235%€9,361within the sector's middle half▼ 25.8%-€13,477below the sector's middle half-€11,765below the sector's middle half▲ 12.7%-€11,146below the sector's middle half▲ 5.3%
Total assets€36,641below the sector's middle half▼ 9.4%€27,860below the sector's middle half▼ 24.0%€8,329below the sector's middle half▼ 70.1%€19,937below the sector's middle half▲ 139%€53,671within the sector's middle half▲ 169%
Debt€24,020▼ 34.5%€18,499▼ 23.0%€21,806▲ 17.9%€31,702▲ 45.4%€64,817▲ 104%
Working capital€12,107▲ 52.8%€8,848▼ 26.9%-€13,667-€11,765▲ 13.9%-€11,146▲ 5.3%
Solvency34.4%within the sector's middle half▲ 25.1pp33.6%within the sector's middle half▼ 0.8pp-161.8%below the sector's middle half▼ 195.4pp-59.0%below the sector's middle half▲ 102.8pp-20.8%below the sector's middle half▲ 38.2pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
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 falls in 2024; 2024 is 39% below 2023.
Key figures and ratios
Current ratio
0.83▲
2023 · 0.63
Debt to equity
-5.82▼
2023 · -2.69
ROA
1.2%▼
2023 · 8.6%
Debt ≤ 1 year
€64,817▲
2023 · €31,702
Income taxes
€428
Staff costs
€15,713
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,381 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.1%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,381 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €13,660 | €8,988 | - | €15,713 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €323 | - | €323 | - | - | - |
| Other operating charges640/8 | - | €2,797 | €6,280 | - | €3,470 | - |
| Gross operating margin9900 | €21,974 | -€2,814 | -€5,947 | €1,712 | €20,230 | ▲ 1,082% |
| Operating profit (loss)9901 | €9,404 | -€19,271 | -€21,538 | €1,712 | €1,047 | ▼ 38.8% |
| Financial income75/76B | - | €16,469 | €0 | - | - | - |
| Recurring financial income75 | - | €379 | €0 | - | - | - |
| Non-recurring financial income76B | - | €16,090 | - | - | - | - |
| Financial charges65/66B | - | €457 | €700 | - | - | - |
| Recurring financial charges65 | €551 | €457 | €700 | - | - | - |
| Profit (loss) for the period before taxes9903 | €8,854 | -€3,259 | -€22,238 | €1,712 | €1,047 | ▼ 38.8% |
| Income taxes67/77 | - | - | €600 | - | €428 | - |
| Profit (loss) for the period9904 | €8,854 | -€3,259 | -€22,838 | €1,712 | €619 | ▼ 63.8% |
| Profit (loss) for the period to be appropriated9905 | €8,854 | -€3,259 | -€22,838 | €1,712 | €619 | ▼ 63.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36,641 | €27,860 | €8,329 | €19,937 | €53,671 | ▲ 169% |
| Fixed assets21/28 | €513 | €513 | €190 | - | - | - |
| Tangible fixed assets22/27 | €323 | €323 | - | - | - | - |
| Plant, machinery and equipment23 | - | €323 | - | - | - | - |
| Financial fixed assets28 | €190 | €190 | €190 | - | - | - |
| Current assets29/58 | €36,127 | €27,347 | €8,139 | €19,937 | €53,671 | ▲ 169% |
| Stocks and contracts in progress3 | €410 | €6,154 | €6,154 | - | - | - |
| Stocks30/36 | - | €6,154 | €6,154 | - | - | - |
| Amounts receivable within one year40/41 | €5,999 | €6,338 | - | €19,937 | €53,671 | ▲ 169% |
| Trade receivables40 | - | - | - | €19,937 | €52,131 | ▲ 161% |
| Other amounts receivable41 | - | €6,338 | - | - | €1,540 | - |
| Cash at bank and in hand54/58 | €29,718 | €14,854 | €1,985 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36,641 | €27,860 | €8,329 | €19,937 | €53,671 | ▲ 169% |
| Equity10/15 | €12,621 | €9,361 | -€13,477 | -€11,765 | -€11,146 | ▲ 5.3% |
| Contributions10/11 | - | €18,599 | €18,599 | €18,599 | €18,599 | = |
| Reserves13 | €314 | €314 | €314 | €314 | €314 | = |
| Non-distributable reserves130/1 | - | €314 | €314 | €314 | €314 | = |
| Reserves not available under the articles1311 | - | €314 | €314 | €314 | €314 | = |
| Profit (loss) carried forward14 | -€6,292 | -€9,551 | -€32,390 | -€30,678 | -€30,059 | ▲ 2.0% |
| Amounts payable17/49 | €24,020 | €18,499 | €21,806 | €31,702 | €64,817 | ▲ 104% |
| Amounts payable within one year42/48 | €24,020 | €18,499 | €21,806 | €31,702 | €64,817 | ▲ 104% |
| Trade debts44 | €12,375 | €18,044 | €773 | €6,537 | €14,414 | ▲ 120% |
| Suppliers440/4 | - | €18,044 | €773 | €6,537 | €14,414 | ▲ 120% |
| Taxes, remuneration and social security45 | - | €455 | €11,658 | €11,688 | €50,403 | ▲ 331% |
| Taxes450/3 | - | €455 | €11,115 | €11,688 | €34,686 | ▲ 197% |
| Remuneration and social security454/9 | - | - | €544 | - | €15,717 | - |
| Other amounts payable47/48 | - | - | €9,374 | €13,477 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,854 | -€3,259 | -€22,838 | €1,712 | €619 | ▼ 63.8% |
| + Depreciation and write-downs630 | €323 | - | €323 | - | - | - |
| Operating cash flow (approximation) | €9,177 | -€3,259 | -€22,515 | €1,712 | €619 | ▼ 63.8% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | - | - | - |
| Change in cash | - | -€14,863 | -€12,870 | - | - | - |
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
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 405 days late
2023
31-12
Financial
Back to profitnet €1,712
Net result €1,712 after 2 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€22,838
Net result drops to -€22,838, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €8,854 ▲819%
Operating result €9,404, net result €8,854, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-12
Financial
Back to profitnet €963
Net result €963 after one loss-making year.
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
07-03
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 219 days late
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 64 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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 2016
Ground area
127 m²
Building footprint
126 m²
Volume, LiDAR
1,681 m³
Parcel 11811L3672/00N003, Flanders · tallest building 14.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Kasbar Royale
since 20162.259.428.027
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3672/00N003 | Flanders | 127 m² | 1 · 126 m² | 14.9 m · 5 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 3,449 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)
Founded18-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0540973156
Also
9925:BE0540973156
Registered
25-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.