DENSAF
ActiveSummary
DENSAF has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €236,064 and a net result of €43,203. Equity is growing by ~33.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 13604 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-10
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 7.64 against 3.78 in 2024; short-term debt: 10.6% and cash: 77.6% of total assets), and 11% of the assets are financed with debt.
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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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89%
Return on assets
16.3%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
58 d early
2023
2 d early
2022
13 d early
2021
9 d early
2021
9 d early
2020
1 d early
← 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 17 days before 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 18 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€236,064▲ 22.4%
2024 · €192,861
Total assets
€265,224▲ 8.4%
2024 · €244,617
Net result
€43,203▼ 27.6%
2024 · €59,662
Working capital
€187,037▲ 32.1%
2024 · €141,557
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
Operating result€24,815-€53,055▲ 114%€61,772▲ 16.4%€85,248▲ 38.0%€62,396▼ 26.8%
Net result€16,963within the sector's middle half-€36,882above the sector's middle half▲ 117%€43,016above the sector's middle half▲ 16.6%€59,662above the sector's middle half▲ 38.7%€43,203above the sector's middle half▼ 27.6%
Equity€100,471above the sector's middle half-€137,354above the sector's middle half▲ 36.7%€156,569above the sector's middle half▲ 14.0%€192,861above the sector's middle half▲ 23.2%€236,064above the sector's middle half▲ 22.4%
Total assets€141,466within the sector's middle half-€171,436within the sector's middle half▲ 21.2%€210,036within the sector's middle half▲ 22.5%€244,617above the sector's middle half▲ 16.5%€265,224above the sector's middle half▲ 8.4%
Debt€40,994-€34,083▼ 16.9%€53,467▲ 56.9%€51,756▼ 3.2%€29,160▼ 43.7%
Working capital€46,495above the sector's middle half-€80,441above the sector's middle half▲ 73.0%€102,559above the sector's middle half▲ 27.5%€141,557above the sector's middle half▲ 38.0%€187,037above the sector's middle half▲ 32.1%
Solvency71.0%above the sector's middle half-80.1%above the sector's middle half▲ 9.1pp74.5%above the sector's middle half▼ 5.6pp78.8%above the sector's middle half▲ 4.3pp89.0%above the sector's middle half▲ 10.2pp
Current ratio2.27within the sector's middle half-3.40above the sector's middle half▲ 1.132.94above the sector's middle half▼ 0.463.78above the sector's middle half▲ 0.847.64above the sector's middle half▲ 3.86
Return on assets (ROA)12.0%within the sector's middle half-21.5%above the sector's middle half▲ 9.5pp20.5%above the sector's middle half▼ 1.0pp24.4%above the sector's middle half▲ 3.9pp16.3%within the sector's middle half▼ 8.1pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €265,224
Fixed assets
€50,003 ▼ 4.1%
Current assets
€215,221 ▲ 11.8%
Equity and liabilities €265,224
Equity
€236,064 ▲ 22.4%
Debt
€29,160 ▼ 43.7%
Debt's share of the balance-sheet total falls from 21.2% to 11.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67,877▼
2024 · €90,152
Cash flow
€48,684▼
2024 · €64,566
Debt to equity
0.12▼
2024 · 0.27
ROE
18.3%▼
2024 · 30.9%
Interest coverage
25.04▼
2024 · 28.10
Debt ≤ 1 year
€28,185▼
2024 · €50,908
Income taxes
€17,031▼
2024 · €23,121
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% 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
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% 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 497,662 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% | 1.7% |
| 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 75% 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 34,679 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7,438 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,112 | €7,104 | €5,738 | €4,904 | €5,481 | ▲ 11.8% |
| Other operating charges640/8 | €820 | €2,110 | €1,989 | €1,833 | €1,884 | ▲ 2.8% |
| Non-recurring operating charges66A | - | - | - | - | €13 | - |
| Gross operating margin9900 | €31,748 | €62,269 | €69,499 | €91,985 | €69,774 | ▼ 24.1% |
| Operating profit (loss)9901 | €24,815 | €53,055 | €61,772 | €85,248 | €62,396 | ▼ 26.8% |
| Financial income75/76B | €1 | - | €42 | €744 | €549 | ▼ 26.2% |
| Recurring financial income75 | €1 | - | €42 | €744 | €549 | ▼ 26.2% |
| Financial charges65/66B | €779 | €818 | €2,053 | €3,209 | €2,710 | ▼ 15.5% |
| Recurring financial charges65 | €779 | €818 | €2,053 | €3,209 | €2,710 | ▼ 15.5% |
| Profit (loss) for the period before taxes9903 | €24,037 | €52,238 | €59,761 | €82,784 | €60,235 | ▼ 27.2% |
| Income taxes67/77 | €7,074 | €15,355 | €16,745 | €23,121 | €17,031 | ▼ 26.3% |
| Profit (loss) for the period9904 | €16,963 | €36,882 | €43,016 | €59,662 | €43,203 | ▼ 27.6% |
| Profit (loss) for the period to be appropriated9905 | €16,963 | €36,882 | €43,016 | €59,662 | €43,203 | ▼ 27.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €141,466 | €171,436 | €210,036 | €244,617 | €265,224 | ▲ 8.4% |
| Fixed assets21/28 | €58,363 | €57,432 | €54,639 | €52,153 | €50,003 | ▼ 4.1% |
| Tangible fixed assets22/27 | €58,363 | €57,432 | €54,639 | €52,153 | €50,003 | ▼ 4.1% |
| Land and buildings22 | €56,795 | €51,042 | €47,136 | €43,668 | €40,201 | ▼ 7.9% |
| Plant, machinery and equipment23 | €513 | €4,948 | €4,257 | €5,929 | €5,084 | ▼ 14.3% |
| Furniture and vehicles24 | €1,055 | €449 | €2,355 | €1,767 | €1,178 | ▼ 33.3% |
| Other tangible fixed assets26 | - | €992 | €891 | €789 | €3,540 | ▲ 349% |
| Current assets29/58 | €83,103 | €114,004 | €155,397 | €192,464 | €215,221 | ▲ 11.8% |
| Stocks and contracts in progress3 | €249 | €249 | €186 | - | - | - |
| Stocks30/36 | €249 | €249 | €186 | - | - | - |
| Amounts receivable within one year40/41 | €14,575 | €16,194 | €14,388 | €15,850 | €7,465 | ▼ 52.9% |
| Trade receivables40 | €14,575 | €16,194 | €14,388 | €15,850 | €351 | ▼ 97.8% |
| Other amounts receivable41 | - | - | - | - | €7,114 | - |
| Cash at bank and in hand54/58 | €67,380 | €96,606 | €139,120 | €174,827 | €205,812 | ▲ 17.7% |
| Deferred charges and accrued income490/1 | €898 | €956 | €1,702 | €1,787 | €1,944 | ▲ 8.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €141,466 | €171,436 | €210,036 | €244,617 | €265,224 | ▲ 8.4% |
| Equity10/15 | €100,471 | €137,354 | €156,569 | €192,861 | €236,064 | ▲ 22.4% |
| Contributions10/11 | €8,060 | €8,060 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €49,041 | €85,923 | €126,999 | €186,661 | €229,864 | ▲ 23.1% |
| Distributable reserves133 | €49,041 | €85,923 | €126,999 | €186,661 | €229,864 | ▲ 23.1% |
| Profit (loss) carried forward14 | €43,370 | €43,370 | €23,370 | - | - | - |
| Amounts payable17/49 | €40,994 | €34,083 | €53,467 | €51,756 | €29,160 | ▼ 43.7% |
| Amounts payable after more than one year17 | €3,974 | - | - | - | - | - |
| Financial debts170/4 | €3,974 | - | - | - | - | - |
| Amounts payable within one year42/48 | €36,608 | €33,563 | €52,838 | €50,908 | €28,185 | ▼ 44.6% |
| Current portion of amounts payable after more than one year42 | €7,787 | €3,974 | - | - | - | - |
| Trade debts44 | €1,965 | €3,584 | €3,037 | €363 | €1,912 | ▲ 426% |
| Suppliers440/4 | €1,965 | €3,584 | €3,037 | €363 | €1,912 | ▲ 426% |
| Taxes, remuneration and social security45 | €21,219 | €16,965 | €17,156 | €14,853 | €11,752 | ▼ 20.9% |
| Taxes450/3 | €18,998 | €16,965 | €17,156 | €14,853 | €11,752 | ▼ 20.9% |
| Remuneration and social security454/9 | €2,222 | - | - | - | - | - |
| Other amounts payable47/48 | €5,638 | €9,040 | €32,646 | €35,691 | €14,521 | ▼ 59.3% |
| Accrued charges and deferred income492/3 | €412 | €520 | €628 | €849 | €975 | ▲ 14.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,963 | €36,882 | €43,016 | €59,662 | €43,203 | ▼ 27.6% |
| + Depreciation and write-downs630 | €6,112 | €7,104 | €5,738 | €4,904 | €5,481 | ▲ 11.8% |
| Operating cash flow (approximation) | €23,076 | €43,987 | €48,754 | €64,566 | €48,684 | ▼ 24.6% |
| Investment in fixed assets (approximation) | - | -€6,174 | -€2,944 | -€2,418 | -€3,330 | ▼ 37.7% |
| Change in cash | - | €29,226 | €42,514 | €35,707 | €30,985 | ▼ 13.2% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 7.64
Current ratio from 3.78 to 7.64; short-term debt falls from €50,908 to €28,185.
31-12
Financial
Equity above €200,000Eq €236,064 ▲22.4%
7 profitable years in a row build equity to €236,064.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €59,662 ▲38.7%
Operating result €85,248, net result €59,662, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €156,569 ▲14%
5 profitable years in a row build equity to €156,569.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €100,471 ▲20.3%
3 profitable years in a row build equity to €100,471.
22-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
31-03
Financial
Back to profitnet €9,221
Net result €9,221 after one loss-making year.
2019
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
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.
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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, Hamme (Vl.) · 1 establishment unit since 2007
Ground area
950 m²
Building footprint
164 m²
Volume, LiDAR
1,289 m³
Parcel 42452B0646/00K000, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DENSAF
since 20072.159.293.145
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452B0646/00K000 | Flanders | 950 m² | 1 · 164 m² | 10.6 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,245 EUR awarded · 1,245 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,245 EUR | 1,245 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteHamme (O.-Vl.)2.159.293.145
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DE BACKER
BE 0475.518.744
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Of 7,501 companies in sector 56210 we hold annual accounts for 2,451. 1,676 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
Founded29-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
10850Manufacture of food products
56309Food and beverage service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0886789440
Also
9925:BE0886789440
Registered
28-01-2024
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.