DENHEE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of DENHEE is 7.8% (elevated). The 2023 annual accounts show equity of €59k and a net result of €8k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 4885 sector peers (fiscal year 2023). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

7.8% Elevated

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Young company +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 4885 peers (2023). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2022 and 2023).

View the result trend

Growing equity

Equity grew over 2021-2023. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 380 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 07-10-2024, 68 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.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	07-10-2024	68 d late	2024-00496950
31-12-2022	31-07-2023	11-02-2024	195 d late	2024-00029039
31-12-2021	31-07-2022	28-11-2022	120 d late	2022-20526376
31-12-2020	31-07-2021	25-02-2022	209 d late	2022-07000173
31-12-2019	31-07-2020	26-11-2020	118 d late	2020-72100311

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2019, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Turnover€176k+32.3%

EBIT margin4.1%-5.1pp

Net result€8k+21.6%

Working capital€40k+29.6%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 07-10-2024 with the NBB · fiscal year 2023 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~14.7%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	89.6%	16.6%	better than 95% of 4885 sector peers
Net result	€8k	€2k	better than 63% of 4875 sector peers
Equity	€59k	€11k	better than 81% of 4900 sector peers
Gross operating margin	€74k	€41k	better than 63% of 4858 sector peers
Staff costs	€57k	€47k	higher than 55% of 3470 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P95

Stable position over 2020-2023 · n=1435-4885

Net result P63

Stable position over 2020-2023 · n=1427-4875

Equity P81

Stable position over 2020-2023 · n=1439-4900

Gross operating margin P63

Improving position over 2020-2023 · n=1421-4858

Describes the position versus peers, not a forecast.

Revenue

€176k

+32.3% 19-23

EBITDA

€16k

+12.3% 19-23

Net profit

€8k

+21.6% 19-23

Cash flow

€13k

+10.7% 19-23

Total assets

€66k

+7.1% 19-23

Equity

€59k

+15.0% 19-23

Working capital

€40k

+29.6% 19-23

Staff costs

€57k

+35.2% 19-23

Income taxes

€3k

+21.6% 19-23

Debt

€7k

-32.4% 19-23

Debt ≤ 1y

€3k

+21.6% 19-23

Debt > 1y

€4k

-46.5% 19-23

Current ratio

16.70

+6.1% 19-23

Quick ratio

16.70

+6.1% 19-23

Solvency

89.6%

+7.3% 19-23

Debt / equity

0.12

-41.2% 19-23

ROE

13.0%

+5.8% 19-23

ROA

11.7%

+13.5% 19-23

Net margin

2.3%

-86.2% 19-23

EBITDA margin

7.1%

-57.0% 19-23

Interest coverage

119.82

+8.7% 19-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€16k
Net profit	€8k
Cash flow	€13k
Staff costs	€57k
Income taxes	€3k
Dividends	-
Total assets	€66k
Equity	€59k
Debt	€7k
of which ≤ 1y	€3k
of which > 1y	€4k
Working capital	€40k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	16.70
Quick ratio	16.70
Working capital ratio	61.0%
Solvency	89.6%
Debt / equity	0.12
Long-term debt ratio	0.07
Interest coverage	119.82
Gross margin	-
Net margin	-
ROA	11.7%
ROE	13.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €23k · 35.1% Current assets €43k · 64.9%

Equity & liabilities

Equity €59k · 89.6% Debt €7k · 10.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€66k
Fixed assets	21/28	€23k
Tangible fixed assets	22/27	€23k
Current assets	29/58	€43k
Amounts receivable within one year	40/41	€43k
Cash & bank	54/58	€48
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€66k
Equity	10/15	€59k
Contributions / capital	10/11	€19k
Reserves	13	€2k
Accumulated profits (losses)	14	€38k
Amounts payable	17/49	€7k
Amounts payable after one year	17	€4k
Amounts payable within one year	42/48	€3k
Income statement
Gross operating margin	9900	€74k
Operating result	9901	€10k
Financial charges	65	€130
Result before taxes	9903	€10k
Income taxes	67/77	€3k
Net result for the period	9904	€8k
Result to be appropriated	9905	€8k

You are seeing the latest fiscal year only. 4 prior years (figures + ratios) are in a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Nestor De Tièrestraat 681030 Schaarbeek

Establishment units

1 location

Snack des frères

Nestor De Tièrestraat 68, 1030 SchaarbeekEetgelegenheden met beperkte bediening

since 20192.283.617.847

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area171 m²

Buildings1

Building footprint121 m²

Volume (LiDAR)1,739 m³

Tallest building18.6 m · ±6 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21902A0438/00F003	Brussels	171 m²	1 · 121 m²	18.6 m · 6 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

All acts · 1 updated 2 years ago

2024

29-03-2024 Publication in the Belgian Official Gazette, Miscellaneous Miscellaneous·Charles HUYLEBROUCK

Summary: completedNotary: Charles HUYLEBROUCK · Bruxelles

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

87 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 65

Solvency 100

Growth 68

Stability 100

Credit advice

verdict per customer and amount

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We hold annual accounts for 2,986 of the 21,771 companies in this sector. 2,418 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112

Primary activity highlighted.

Names & trade names

Legal nameFR

DENHEE

Registered office

Nestor De Tièrestraat 68

1030 Schaarbeek, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.