DEMAGO
ActiveSummary
The computed 12-month bankruptcy probability of DEMAGO is 2.0% (moderate). The 2025 annual accounts show negative equity (-€685,271) and a net result of -€122,532. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 13604 sector peers (fiscal year 2025). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26 against 0.21 in 2024; short-term debt: 61.1% and cash: 11.3% of total assets), and equity is negative.
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Signals
Six 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 2025Solvency, return and age of the figures
Solvency
-219.3%
Return on assets
-39.2%
Age of the figures
9 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€685,271
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
13 d early
2023
30 d late
2022
29 d late
2021
31 d late
2020
27 d late
2019
68 d late
← 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 23 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 (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 29 August (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0
2019 · €0
EBIT margin
Not included in this filing
Net result
-€122,532▲ 58.3%
2024 · -€294,145
Working capital
-€140,534▲ 4.7%
2024 · -€147,494
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
Line20212022202320242025
Turnover
Operating result€9,924▼ 84.1%-€41,764-€257,396▼ 516%-€288,844▼ 12.2%-€114,755▲ 60.3%
Net result€21,043within the sector's middle half▼ 68.5%-€36,512below the sector's middle half-€261,070below the sector's middle half▼ 615%-€294,145below the sector's middle half▼ 12.7%-€122,532below the sector's middle half▲ 58.3%
Equity€28,987within the sector's middle half▲ 265%-€7,524below the sector's middle half-€268,594below the sector's middle half▼ 3,470%-€562,740below the sector's middle half▼ 110%-€685,271below the sector's middle half▼ 21.8%
Total assets€313,746within the sector's middle half▼ 12.1%€200,585within the sector's middle half▼ 36.1%€142,674within the sector's middle half▼ 28.9%€329,264above the sector's middle half▲ 131%€312,420above the sector's middle half▼ 5.1%
Debt€284,758▼ 18.4%€208,109▼ 26.9%€411,269▲ 97.6%€892,004▲ 117%€997,691▲ 11.8%
Working capital€14,863within the sector's middle half-€3,381within the sector's middle half-€94,267below the sector's middle half▼ 2,688%-€147,494below the sector's middle half▼ 56.5%-€140,534below the sector's middle half▲ 4.7%
Solvency9.2%within the sector's middle half▲ 7.0pp-3.8%within the sector's middle half▼ 13.0pp-188.3%below the sector's middle half▼ 184.5pp-170.9%below the sector's middle half▲ 17.3pp-219.3%below the sector's middle half▼ 48.4pp
Current ratio1.08within the sector's middle half▲ 0.220.97within the sector's middle half▼ 0.110.23below the sector's middle half▼ 0.740.21below the sector's middle half▼ 0.010.26below the sector's middle half▲ 0.05
Return on assets (ROA)6.7%within the sector's middle half▼ 12.0pp-18.2%below the sector's middle half▼ 24.9pp-183.0%below the sector's middle half▼ 164.8pp-89.3%below the sector's middle half▲ 93.6pp-39.2%below the sector's middle half▲ 50.1pp
Staff (FTE)10.2within the sector's middle half▼ 8.9%10.2within the sector's middle half=16.9▲ 65.7%11.1▼ 34.3%11.3▲ 1.8%
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.
Why a figure moved sharply
- 2023 Net result -615%, Staff (FTE) +66% on 2022. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €114,755 in 2025 against €288,844 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €312,420
Fixed assets
€262,110 ▼ 9.4%
Current assets
€50,310 ▲ 26.2%
Key figures and ratios
EBITDA
-€64,118▲
2024 · -€244,782
Cash flow
-€71,895▲
2024 · -€250,083
Quick ratio
0.21▲
2024 · 0.15
Debt to equity
-1.46▲
2024 · -1.59
Interest coverage
-8.60▲
2024 · -46.82
Debt ≤ 1 year
€190,844▲
2024 · €187,359
Debt > 1 year
€787,559▲
2024 · €704,646
Income taxes
€329▲
2024 · €129
Staff costs
€598,288▲
2024 · €526,043
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 678 companies that looked in July 2024 the way this one looks now, 6.8% went bankrupt within 24 months and 85% are still going.
- Small
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
6.8%
went bankrupt
6.2%
stopped otherwise
85%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 678 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €332,667 | €329,651 | €400,407 | €526,043 | €598,288 | ▲ 13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,293 | €27,844 | €29,969 | €44,062 | €50,636 | ▲ 14.9% |
| Other operating charges640/8 | €56 | €7,319 | €324 | €4,140 | €5,359 | ▲ 29.4% |
| Non-recurring operating charges66A | €250 | €4,940 | €50 | - | - | - |
| Gross operating margin9900 | €380,190 | €327,990 | €173,354 | €285,401 | €539,529 | ▲ 89.0% |
| Operating profit (loss)9901 | €9,924 | -€41,764 | -€257,396 | -€288,844 | -€114,755 | ▲ 60.3% |
| Financial income75/76B | €19,028 | €9,754 | €2 | €56 | €7 | ▼ 88.3% |
| Recurring financial income75 | €28 | €9,754 | €2 | €56 | €7 | ▼ 88.3% |
| Non-recurring financial income76B | €19,000 | €9,754 | - | - | - | - |
| Financial charges65/66B | €4,880 | €4,501 | €3,676 | €5,228 | €7,454 | ▲ 42.6% |
| Recurring financial charges65 | €4,880 | €4,501 | €3,676 | €5,228 | €7,454 | ▲ 42.6% |
| Profit (loss) for the period before taxes9903 | €24,072 | -€36,512 | -€261,070 | -€294,016 | -€122,202 | ▲ 58.4% |
| Income taxes67/77 | €3,029 | - | - | €129 | €329 | ▲ 155% |
| Profit (loss) for the period9904 | €21,043 | -€36,512 | -€261,070 | -€294,145 | -€122,532 | ▲ 58.3% |
| Profit (loss) for the period to be appropriated9905 | €21,043 | -€36,512 | -€261,070 | -€294,145 | -€122,532 | ▲ 58.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €313,746 | €200,585 | €142,674 | €329,264 | €312,420 | ▼ 5.1% |
| Fixed assets21/28 | €118,088 | €84,075 | €114,886 | €289,400 | €262,110 | ▼ 9.4% |
| Intangible fixed assets21 | €0 | €0 | €4,179 | €59,054 | €48,928 | ▼ 17.1% |
| Tangible fixed assets22/27 | €116,812 | €82,699 | €109,542 | €228,777 | €211,612 | ▼ 7.5% |
| Plant, machinery and equipment23 | €7,978 | €7,537 | €5,183 | €29,267 | €23,586 | ▼ 19.4% |
| Furniture and vehicles24 | €65,297 | €42,073 | €26,473 | €12,863 | €5,910 | ▼ 54.1% |
| Other tangible fixed assets26 | €43,537 | €33,089 | €77,886 | €186,646 | €182,117 | ▼ 2.4% |
| Financial fixed assets28 | €1,276 | €1,376 | €1,165 | €1,570 | €1,570 | = |
| Current assets29/58 | €195,658 | €116,509 | €27,788 | €39,864 | €50,310 | ▲ 26.2% |
| Stocks and contracts in progress3 | €8,424 | €8,254 | €4,121 | €12,257 | €10,943 | ▼ 10.7% |
| Stocks30/36 | €8,424 | €8,254 | €4,121 | €12,257 | €10,943 | ▼ 10.7% |
| Amounts receivable within one year40/41 | €21,668 | €30,935 | €8,163 | €1,044 | €1,587 | ▲ 52.1% |
| Trade receivables40 | €16,103 | €21,235 | €1,398 | €0 | €500 | - |
| Other amounts receivable41 | €5,565 | €9,700 | €6,765 | €1,044 | €1,087 | ▲ 4.2% |
| Cash at bank and in hand54/58 | €163,172 | €75,249 | €12,579 | €19,154 | €35,334 | ▲ 84.5% |
| Deferred charges and accrued income490/1 | €2,394 | €2,071 | €2,925 | €7,409 | €2,445 | ▼ 67.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €313,746 | €200,585 | €142,674 | €329,264 | €312,420 | ▼ 5.1% |
| Equity10/15 | €28,987 | -€7,524 | -€268,594 | -€562,740 | -€685,271 | ▼ 21.8% |
| Contributions10/11 | €18,600 | €18,600 | €20,329 | €20,329 | €20,329 | = |
| Reserves13 | €1,729 | €1,729 | - | - | - | - |
| Non-distributable reserves130/1 | €1,729 | €1,729 | - | - | - | - |
| Reserves not available under the articles1311 | €1,729 | €1,729 | - | - | - | - |
| Profit (loss) carried forward14 | €8,659 | -€27,853 | -€288,923 | -€583,068 | -€705,600 | ▼ 21.0% |
| Amounts payable17/49 | €284,758 | €208,109 | €411,269 | €892,004 | €997,691 | ▲ 11.8% |
| Amounts payable after more than one year17 | €100,895 | €78,208 | €286,875 | €704,646 | €787,559 | ▲ 11.8% |
| Financial debts170/4 | €100,895 | €78,208 | €286,875 | €0 | - | - |
| Other amounts payable178/9 | - | - | - | €704,646 | €787,559 | ▲ 11.8% |
| Amounts payable within one year42/48 | €180,795 | €119,890 | €122,056 | €187,359 | €190,844 | ▲ 1.9% |
| Current portion of amounts payable after more than one year42 | €43,392 | €27,201 | €15,455 | €6,943 | €0 | ▼ 100% |
| Trade debts44 | €30,220 | €24,645 | €59,857 | €74,907 | €88,411 | ▲ 18.0% |
| Suppliers440/4 | €30,220 | €24,645 | €59,857 | €74,907 | €88,411 | ▲ 18.0% |
| Advances received on contracts in progress46 | - | €21,097 | - | - | - | - |
| Taxes, remuneration and social security45 | €39,009 | €46,947 | €46,743 | €105,508 | €92,682 | ▼ 12.2% |
| Taxes450/3 | €6,724 | €20,901 | €5,408 | €27,649 | €30,158 | ▲ 9.1% |
| Remuneration and social security454/9 | €32,285 | €26,047 | €41,335 | €77,859 | €62,524 | ▼ 19.7% |
| Other amounts payable47/48 | €68,174 | - | - | - | €9,751 | - |
| Accrued charges and deferred income492/3 | €3,068 | €10,011 | €2,338 | €0 | €19,288 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,043 | -€36,512 | -€261,070 | -€294,145 | -€122,532 | ▲ 58.3% |
| + Depreciation and write-downs630 | €37,293 | €27,844 | €29,969 | €44,062 | €50,636 | ▲ 14.9% |
| Operating cash flow (approximation) | €58,336 | -€8,667 | -€231,101 | -€250,083 | -€71,895 | ▲ 71.3% |
| Investment in fixed assets (approximation) | - | €6,169 | -€60,780 | -€218,576 | -€23,347 | ▲ 89.3% |
| Change in cash | - | -€87,923 | -€62,671 | €6,575 | €16,180 | ▲ 146% |
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
Next filing, fiscal year 2026, expected by
2026
23-09
State Gazette act
Appointments: Florian DUMONT (director) and Ines BARBE (director)Resignations: Dominique BERNARD (director and managing director) and Catherine CULOT (director and managing director) · Director discharge7 facts ▸
State Gazette act
Appointments: Florian DUMONT (director) and Ines BARBE (director)
Resignations: Dominique BERNARD (director and managing director) and Catherine CULOT (director and managing director) · Director discharge7 facts ▸
- General meeting, 09-09-2026
- Director appointment, Florian DUMONT (director)
- Director appointment, Ines BARBE (director)
- Director resignation, Dominique BERNARD (director and managing director)
- Director discharge, Dominique BERNARD
- Director resignation, Catherine CULOT (director and managing director)
- Director discharge, Catherine CULOT
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€294,145
Net result drops to -€294,145, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Highest result since 2018net €66,698 ▲522%
Operating result €62,378, net result €66,698, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 68 days late
2019
31-12
Financial
Back to profitnet €10,718
Net result €10,718 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Florian DUMONT
CurrentDirector · since 20-06-2026
Ines BARBE
CurrentDirector · since 20-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Rixensart · 1 establishment unit since 2024
Ground area
1,630 m²
Building footprint
350 m²
Volume, LiDAR
3,392 m³
Parcel 25033B0525/00M002, Wallonia · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
LE QUAI BRASSERIE
since 20242.357.968.149
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033B0525/00M002 | Wallonia | 1,630 m² | 1 · 350 m² | 13.6 m · 3 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.
Mandate history
4 people since 2026, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Florian DUMONT |
|
| Ines BARBE |
|
| Catherine CULOT |
|
| Dominique BERNARD |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Recognitions · licences · registrations
Food safety, FASFC
1 siteRixensart2.357.968.149
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Identification & contact
Identification
Legal formPrivate limited company
Founded07-10-1993
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451199260
Also
9925:BE0451199260
Registered
24-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.