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DEMANA

Open bankruptcy
Private limited company (pre-2019)founded 1993Rue Marie-Henriette 68, 4800 Verviers, BelgiumKBO/BCE: BE 0451.326.944

A bankruptcy procedure is open for DEMANA according to publications in the Belgian State Gazette; curator: PIERRE SCHMITS.

Summary

The 2020 annual accounts show equity of €65,792 and a net result of €10,597.

DEMANAOpen bankruptcy

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 Liège, Liège division
Declared bankrupt
29 July 2022
Supervising judge
Christine Radermecker
Official Gazette
04-08-2022 (pdf) ↗search the document for 2022/129184

Deadlines

Appeal or third-party opposition until
passed on 19 August 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 28 August 2022art. XX.104 and XX.155 CEL
First verification report
passed on 8 September 2022Goods 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 29 July 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

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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What stands out

  1. Declared bankrupt 29-07-2022trustee: Pierre Schmits founded 1993 judgment 2022
  2. Accounts not filed 1523 d latedeadline was 31-07-2022
  3. Total assets 2020 €452,2163 fiscal years filed20182020

Overview

What they do
Artisanal bread and fresh pastry making
NACE 10712 · 2 sites
How big
€452,216total assets 2020
Staff 4.1 FTE · Equity €65,792
Financially healthy?
No score
Who decides
Not known
Open bankruptcy: no scoreAccounts 1523 d overdue0 of 2 deeds read
Signals- Open bankruptcyFiled after the deadlineShow the evidence

Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator. The KBO register also records: open bankruptcy.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 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 filings
Deviation from the deadline
2021
not filed
2020
31 d late
2019
122 d late
2018
89 d late
2017
126 d late
2016
106 d late
2015
106 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 97 days after the deadline; the sector median for financial year 2021 is 3 days before the deadline, and 44% 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
  1. OpeningTribunal de l’entreprise de Liège…
  2. Annual accounts filedfiscal year 2020 · micro…
  3. Highest result since 2018net €10,597 ▲17.5%

Financials

Fiscal year 2020Total assets €452,216Profit €10,597Solvency 14.5%Liquidity 1.34
Total assets
€452,216▲ 8.6%
2018 - 2020
Net result
€10,597▲ 17.5%
2018 - 2020
Equity
€65,792▲ 19.2%
2018 - 2020
Staff (FTE)
4.1=
2018 - 2020

Financials · fiscal year 2020, micro schema

Trend over the years3 fiscal years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line201820192020
Operating result€5,355-€20,278▲ 279%€21,031▲ 3.7%
Net result€823-€9,021▲ 996%€10,597within the sector's middle half▲ 17.5%
Equity€46,174-€55,195▲ 19.5%€65,792within the sector's middle half▲ 19.2%
Total assets€377,920-€416,285▲ 10.2%€452,216above the sector's middle half▲ 8.6%
Debt€331,746-€361,090▲ 8.8%€386,424▲ 7.0%
Working capital€12,972-€54,607▲ 321%€94,763above the sector's middle half▲ 73.5%
Solvency12.2%-13.3%▲ 1.0pp14.5%within the sector's middle half▲ 1.3pp
Current ratio1.05-1.19▲ 0.151.34within the sector's middle half▲ 0.15
Return on assets (ROA)0.2%-2.2%▲ 1.9pp2.3%within the sector's middle half▲ 0.2pp
Staff (FTE)4.9-4.1▼ 16.3%4.1within the sector's middle half=
above within below the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Result and balance sheet2020
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2018: €5,355€5,355Net result 2018: €823€823Operating result 2019: €20,278€20,278Net result 2019: €9,021€9,021Operating result 2020: €21,031€21,031Net result 2020: €10,597€10,597201820192020€0€10,000€20,000Operating result 2018: €5,355€5,360Net result 2018: €823€823Operating result 2019: €20,278€20,300Net result 2019: €9,021€9,020Operating result 2020: €21,031€21,000Net result 2020: €10,597€10,600201820192020
The operating result has risen two years in a row; 2020 is 4% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €452,216
Fixed assets €78,579 ▼ 1.1%
Current assets €373,637 ▲ 10.9%
Equity and liabilities €452,216
Equity €65,792 ▲ 19.2%
Debt €386,424 ▲ 7.0%
Debt's share of the balance-sheet total falls from 86.7% to 85.5%. Equity and debt are higher.
Key figures and ratios2020
Key figures and ratios
2020 value · change against 2019
EBITDA
€21,901▲
2019 · €21,231
Cash flow
€11,467▲
2019 · €9,974
Quick ratio
1.33▲
2019 · 1.18
ROE
16.1%▼
2019 · 16.3%
Debt ≤ 1 year
€278,874▼
2019 · €282,229
Income taxes
€4,382▲
2019 · €2,482
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accountsfiscal year 2020
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 23 lines
Balance sheet Code20192020
Assets
Total assets20/58€416,285€452,216▲
Fixed assets21/28€79,449€78,579▼
Tangible fixed assets22/27€79,449€78,579▼
Current assets29/58€336,836€373,637▲
Stocks and contracts in progress3€4,735€3,975▼
Amounts receivable within one year40/41€310,353€337,860▲
Cash at bank and in hand54/58€21,594€28,796▲
Equity and liabilities
Total equity and liabilities10/49€416,285€452,216▲
Equity10/15€55,195€65,792▲
Contributions10/11€21,071-
Profit (loss) carried forward14-€38,749-€28,151▲
Amounts payable17/49€361,090€386,424▲
Amounts payable within one year42/48€282,229€278,874▼
Trade debts44€170,291€162,539▼
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€953€870▼
Gross operating margin9900€132,965€137,963▲
Operating profit (loss)9901€20,278€21,031▲
Recurring financial income75€1,435€7▼
Recurring financial charges65€10,210€6,058▼
Profit (loss) for the period before taxes9903€11,503€14,980▲
Income taxes67/77€2,482€4,382▲
Profit (loss) for the period9904€9,021€10,597▲
Profit (loss) for the period to be appropriated9905€9,021€10,597▲
Line201820192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,197€953€870▼ 8.7%
Gross operating margin9900€199,739€132,965€137,963▲ 3.8%
Operating profit (loss)9901€5,355€20,278€21,031▲ 3.7%
Recurring financial income75€774€1,435€7▼ 99.5%
Recurring financial charges65€5,306€10,210€6,058▼ 40.7%
Profit (loss) for the period before taxes9903€823€11,503€14,980▲ 30.2%
Income taxes67/77-€2,482€4,382▲ 76.6%
Profit (loss) for the period9904€823€9,021€10,597▲ 17.5%
Profit (loss) for the period to be appropriated9905€823€9,021€10,597▲ 17.5%
Line201820192020Change
Assets
Total assets20/58€377,920€416,285€452,216▲ 8.6%
Fixed assets21/28€80,402€79,449€78,579▼ 1.1%
Tangible fixed assets22/27€80,402€79,449€78,579▼ 1.1%
Current assets29/58€297,518€336,836€373,637▲ 10.9%
Stocks and contracts in progress3€2,500€4,735€3,975▼ 16.1%
Amounts receivable within one year40/41€279,313€310,353€337,860▲ 8.9%
Cash at bank and in hand54/58€15,705€21,594€28,796▲ 33.4%
Equity and liabilities
Total equity and liabilities10/49€377,920€416,285€452,216▲ 8.6%
Equity10/15€46,174€55,195€65,792▲ 19.2%
Contributions10/11€21,071€21,071--
Profit (loss) carried forward14-€47,770-€38,749-€28,151▲ 27.3%
Amounts payable17/49€331,746€361,090€386,424▲ 7.0%
Amounts payable within one year42/48€284,546€282,229€278,874▼ 1.2%
Trade debts44€181,933€170,291€162,539▼ 4.6%
Line201820192020Change
Profit (loss) for the period9904€823€9,021€10,597▲ 17.5%
+ Depreciation and write-downs630€1,197€953€870▼ 8.7%
Operating cash flow (approximation)€2,020€9,974€11,467▲ 15.0%
Investment in fixed assets (approximation)--€0€0▲ 100%
Change in cash-€5,890€7,202▲ 22.3%

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

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Comparable companies5

Similar companies · same sector, comparable size

Of 4,226 companies in this sector we hold annual accounts for 1,878. 1,585 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Board & ownership

Directors

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →

Insolvency mandates

1 mandate
Role Name Tenure
Curator PIERRE SCHMITS
Rue Laoureux 42, 4800 Verviers
29-07-2022 → present

Timeline

12 eventsLatest 04-08-2022

History

On 8 November 1993, DEMANA was incorporated.1 Total assets went from €377,920 in 2018 to €452,216 in 2020 and headcount from 4.9 to 4.1 full-time equivalents.2 The company was declared bankrupt on 29 July 2022.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2020
  3. 3Belgian State Gazette, 04-08-2022

Acts, filings and financial milestones

2022
04-08
Bankruptcy Opening
Tribunal de l’entreprise de Liège, division Liège · event 29-07-2022
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial Highest result since 2018net €10,597 ▲17.5%
Operating result €21,031, net result €10,597, both a record.
30-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
28-10
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 89 days late
2018
04-12
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 126 days late
2017
14-11
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 106 days late
2016
14-11
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 106 days late
2015
13-10
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 74 days late
2014
31-10
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 92 days late
2013
04-11
NBB filing Annual accounts filed
fiscal year 2012 · full schema · 96 days late
2012
30-11
NBB filing Annual accounts filed
fiscal year 2011 · full schema · 122 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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.

Company details

Private limited company (pre-2019) · founded 08-11-1993Year ends 31-12Peppol not found2 sites

Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded08-11-1993
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
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 1 October 2026 · Peppol Directory

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

Sites & property

Location & real-estate footprint
Registered office, Verviers · 2 establishment units since 2004
seat establishment All 2 establishment units on the map
Ground area
529 m²
Building footprint
163 m²
Volume, LiDAR
1,682 m³
2 parcels, Wallonia · tallest building 12.2 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
DETHIOUX FRERES
Rue Marie-Henriette 68, 4800 VerviersNACE 15812
since 2004unit no. 2.159.301.261
DETHIOUX FRERES
Rue Thiniheid 1, 4801 VerviersNACE 52240
since 2006unit no. 2.177.204.689
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63074B0864/00S011 Wallonia 317 m² 1 · 94 m² 12.2 m · 3 fl.
63572B0034/00B009 Wallonia 212 m² 1 · 69 m² 11.6 m · 4 fl.
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.

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