Démax
ActiveSummary
The computed 12-month bankruptcy probability of Démax is 1.7% (moderate). The 2024 annual accounts show equity of €128,829 and a net result of €31,224. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 51% of 2941 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability79▲+18
Solvency58▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.56 in 2023; short-term debt: 39.3% and cash: 5.4% of total assets), and 66.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 →
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 · 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
33.4%
Return on assets
8.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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
69 d late
2023
64 d late
2022
29 d late
2021
30 d late
2020
30 d late
2019
91 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 52 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Turnover
€683,950
EBIT margin
-9.8%
Net result
€31,224▲ 4,704%
2023 · €650
Working capital
-€25,048▲ 70.1%
2023 · -€83,842
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 56, Food and beverage service activities, 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
Line20202021202220232024
Turnover€683,950
Operating result-€48,514€38,849-€67,247€17,898€71,910▲ 302%
Net result-€51,156below the sector's middle half€75,622within the sector's middle half€31,472above the sector's middle half▼ 58.4%€650within the sector's middle half▼ 97.9%€31,224within the sector's middle half▲ 4,704%
EBIT margin-9.8%
Equity€7,422within the sector's middle half▼ 87.3%€83,044within the sector's middle half▲ 1,019%€114,516above the sector's middle half▲ 37.9%€97,606within the sector's middle half▼ 14.8%€128,829within the sector's middle half▲ 32.0%
Total assets€261,735above the sector's middle half▲ 4.6%€327,759within the sector's middle half▲ 25.2%€414,694above the sector's middle half▲ 26.5%€437,927within the sector's middle half▲ 5.6%€385,632within the sector's middle half▼ 11.9%
Debt€254,313▲ 32.6%€244,715▼ 3.8%€300,178▲ 22.7%€340,321▲ 13.4%€256,802▼ 24.5%
Working capital-€142,259below the sector's middle half▼ 234%-€100,764below the sector's middle half▲ 29.2%-€121,276below the sector's middle half▼ 20.4%-€83,842below the sector's middle half▲ 30.9%-€25,048within the sector's middle half▲ 70.1%
Solvency2.8%within the sector's middle half▼ 20.6pp25.3%within the sector's middle half▲ 22.5pp27.6%within the sector's middle half▲ 2.3pp22.3%within the sector's middle half▼ 5.3pp33.4%within the sector's middle half▲ 11.1pp
Current ratio0.13below the sector's middle half▼ 0.400.39below the sector's middle half▲ 0.260.45below the sector's middle half▲ 0.060.56below the sector's middle half▲ 0.110.83within the sector's middle half▲ 0.28
Return on assets (ROA)-19.5%below the sector's middle half▼ 19.9pp23.1%above the sector's middle half▲ 42.6pp7.6%within the sector's middle half▼ 15.5pp0.1%within the sector's middle half▼ 7.4pp8.1%within the sector's middle half▲ 7.9pp
Staff (FTE)3.1within the sector's middle half▲ 3.3%3.6within the sector's middle half▲ 16.1%4.1within the sector's middle half6.6within the sector's middle half▲ 61.0%
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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 302% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €385,632
Fixed assets
€259,209 ▼ 22.2%
Current assets
€126,423 ▲ 20.6%
Equity and liabilities €385,632
Equity
€128,829 ▲ 32.0%
Debt
€256,802 ▼ 24.5%
Debt's share of the balance-sheet total falls from 77.7% to 66.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€101,136▲
2023 · €44,065
Cash flow
€60,450▲
2023 · €26,817
Quick ratio
0.79▲
2023 · 0.52
Debt to equity
1.99▼
2023 · 3.49
ROE
24.2%▲
2023 · 0.7%
Interest coverage
9.64▲
2023 · 5.07
Debt ≤ 1 year
€151,471▼
2023 · €188,713
Debt > 1 year
€105,331▼
2023 · €151,608
Income taxes
€34,117▲
2023 · €13,809
Staff costs
€183,513▲
2023 · €130,465
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.8% |
| 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 34,696 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €683,950 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €586,107 | - | - | - |
| Remuneration, social security and pensions62 | - | €36,760 | €94,378 | €130,465 | €183,513 | ▲ 40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,655 | €26,082 | €51,787 | €26,167 | €29,227 | ▲ 11.7% |
| Other operating charges640/8 | - | €6,973 | €18,425 | €60,259 | €16,450 | ▼ 72.7% |
| Non-recurring operating charges66A | - | - | €500 | - | - | - |
| Gross operating margin9900 | €23,360 | €108,664 | €97,843 | €234,789 | €301,100 | ▲ 28.2% |
| Operating profit (loss)9901 | -€48,514 | €38,849 | -€67,247 | €17,898 | €71,910 | ▲ 302% |
| Financial income75/76B | - | €56,257 | €121,750 | €5,256 | €3,927 | ▼ 25.3% |
| Recurring financial income75 | €17,995 | €56,257 | €121,750 | €5,256 | €3,927 | ▼ 25.3% |
| Non-recurring financial income76B | - | €56,257 | €121,750 | - | - | - |
| Financial charges65/66B | - | €3,339 | €4,332 | €8,695 | €10,497 | ▲ 20.7% |
| Recurring financial charges65 | €13,873 | €3,339 | €4,332 | €8,695 | €10,497 | ▲ 20.7% |
| Profit (loss) for the period before taxes9903 | -€44,392 | €91,767 | €50,171 | €14,459 | €65,341 | ▲ 352% |
| Income taxes67/77 | €6,764 | €16,145 | €18,699 | €13,809 | €34,117 | ▲ 147% |
| Profit (loss) for the period9904 | -€51,156 | €75,622 | €31,472 | €650 | €31,224 | ▲ 4,704% |
| Profit (loss) for the period to be appropriated9905 | -€51,156 | €75,622 | €31,472 | €650 | €31,224 | ▲ 4,704% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €261,735 | €327,759 | €414,694 | €437,927 | €385,632 | ▼ 11.9% |
| Fixed assets21/28 | €240,370 | €262,891 | €315,828 | €333,056 | €259,209 | ▼ 22.2% |
| Intangible fixed assets21 | €6,321 | €4,214 | €2,107 | - | - | - |
| Tangible fixed assets22/27 | €72,649 | €97,277 | €151,771 | €171,106 | €97,259 | ▼ 43.2% |
| Land and buildings22 | - | €6,215 | €14,877 | €15,626 | €16,400 | ▲ 5.0% |
| Plant, machinery and equipment23 | - | €55,847 | €66,330 | €76,867 | €68,669 | ▼ 10.7% |
| Furniture and vehicles24 | - | €30,165 | €67,485 | €77,505 | €12,190 | ▼ 84.3% |
| Other tangible fixed assets26 | - | €5,050 | €3,079 | €1,108 | - | - |
| Financial fixed assets28 | €161,400 | €161,400 | €161,950 | €161,950 | €161,950 | = |
| Current assets29/58 | €21,365 | €64,868 | €98,866 | €104,871 | €126,423 | ▲ 20.6% |
| Stocks and contracts in progress3 | €1,000 | €1,750 | €5,803 | €6,250 | €6,650 | ▲ 6.4% |
| Stocks30/36 | - | €1,750 | €5,803 | €6,250 | €6,650 | ▲ 6.4% |
| Amounts receivable within one year40/41 | €19,559 | €15,428 | €51,357 | €71,664 | €99,055 | ▲ 38.2% |
| Trade receivables40 | - | - | €1,936 | €22,628 | €18,628 | ▼ 17.7% |
| Other amounts receivable41 | - | €15,428 | €49,421 | €49,036 | €80,427 | ▲ 64.0% |
| Cash at bank and in hand54/58 | €806 | €47,690 | €41,706 | €26,957 | €20,717 | ▼ 23.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €261,735 | €327,759 | €414,694 | €437,927 | €385,632 | ▼ 11.9% |
| Equity10/15 | €7,422 | €83,044 | €114,516 | €97,606 | €128,829 | ▲ 32.0% |
| Contributions10/11 | - | €15,700 | €15,700 | - | - | - |
| Outside capital11 | - | - | €15,700 | - | - | - |
| Other1109/19 | - | - | €15,700 | - | - | - |
| Reserves13 | €1,860 | €77,360 | €108,810 | €106,950 | €128,650 | ▲ 20.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | - | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €75,500 | €106,950 | €106,950 | €128,650 | ▲ 20.3% |
| Profit (loss) carried forward14 | -€10,138 | -€10,016 | -€9,994 | -€9,344 | €179 | ▲ 102% |
| Amounts payable17/49 | €254,313 | €244,715 | €300,178 | €340,321 | €256,802 | ▼ 24.5% |
| Amounts payable after more than one year17 | €90,689 | €79,083 | €80,036 | €151,608 | €105,331 | ▼ 30.5% |
| Financial debts170/4 | - | €79,083 | €80,036 | €151,608 | €105,331 | ▼ 30.5% |
| Amounts payable within one year42/48 | €163,624 | €165,632 | €220,142 | €188,713 | €151,471 | ▼ 19.7% |
| Current portion of amounts payable after more than one year42 | - | €11,606 | €20,169 | €40,528 | €32,039 | ▼ 20.9% |
| Trade debts44 | €52,178 | €55,151 | €96,195 | €82,348 | €57,758 | ▼ 29.9% |
| Suppliers440/4 | - | €55,151 | €96,195 | €82,348 | €57,758 | ▼ 29.9% |
| Taxes, remuneration and social security45 | - | €16,557 | €30,233 | €41,179 | €54,503 | ▲ 32.4% |
| Taxes450/3 | - | €14,555 | €18,584 | €31,321 | €46,662 | ▲ 49.0% |
| Remuneration and social security454/9 | - | €2,002 | €11,649 | €9,858 | €7,842 | ▼ 20.5% |
| Other amounts payable47/48 | - | €82,318 | €73,545 | €24,658 | €7,171 | ▼ 70.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€51,156 | €75,622 | €31,472 | €650 | €31,224 | ▲ 4,704% |
| + Depreciation and write-downs630 | €16,655 | €26,082 | €51,787 | €26,167 | €29,227 | ▲ 11.7% |
| Operating cash flow (approximation) | -€34,501 | €101,704 | €83,259 | €26,817 | €60,450 | ▲ 125% |
| Investment in fixed assets (approximation) | - | -€48,603 | -€104,724 | -€43,395 | €44,620 | ▲ 203% |
| Change in cash | - | €46,884 | -€5,984 | -€14,749 | -€6,240 | ▲ 57.7% |
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
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 69 days late
2024
31-12
Financial
Equity above €100,000Eq €128,829 ▲32%
4 profitable years in a row build equity to €128,829.
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 64 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Equity above €100,000Eq €114,516 ▲37.9%
2 profitable years in a row build equity to €114,516.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Back to profitnet €75,622
Net result €75,622 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€51,156
Net result drops to -€51,156, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
23-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 84 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial 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.
Directors · office · real estate
Directors
2 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 2014
Ground area
103 m²
Building footprint
99 m²
Volume, LiDAR
1,792 m³
Parcel 11808H1269/00B000, Flanders · tallest building 26.7 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Café Jozef
since 20142.232.297.028
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1269/00B000 | Flanders | 103 m² | 1 · 99 m² | 26.7 m · 6 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
8%
According to the 2024 annual accounts of Démax and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.232.297.028
Similar companies · same sector, comparable size
Shooters Tremelo
BE 0507.906.846
Tremelo · Eq €128,812
DE BONTEN OS
BE 0865.824.770
Baarle-Hertog · Eq €128,807
EDO 2
BE 0671.818.634
Schaarbeek · Eq €129,096
GREEN MANGO
BE 0536.851.547
Sint-Gillis (bij-Brussel) · Eq €128,340
De Lelie
BE 0443.116.883
Lede · Eq €128,314
Of 13,991 companies in sector 56301 we hold annual accounts for 4,896. 3,485 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
Founded13-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0553818134
Also
9925:BE0553818134
Registered
21-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.