DERMAK
ActiveThe file of DERMAK contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 1.4% (low). The 2024 annual accounts show equity of €55,755 and a net result of €131,482. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 15872 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▲+64
Solvency32▲+19
Growth68▲+5
Track record85
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.06 against 0.85 in 2023; short-term debt: 92.7% and cash: 2% of total assets), and 92.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
127 d late
2022
109 d late
2021
393 d late
2020
111 d late
2019
174 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 164 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€2.0m▲ 10.5%
2020 · €1.8m
EBIT margin
6.8%▲ 6.5pp
2020 · 0.3%
Net result
€131,482
2023 · -€31,848
Working capital
€40,689
2023 · -€109,311
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Turnover€1.8m▲ 11.9%€2.0m
Operating result€4,866€44,444▲ 813%-€14,931-€31,740▼ 113%€132,081
Net result€4,586within the sector's middle half€43,873above the sector's middle half▲ 857%€7,082within the sector's middle half▼ 83.9%-€31,848below the sector's middle half€131,482above the sector's middle half
EBIT margin0.3%▲ 4.4pp6.8%
Equity-€94,834below the sector's middle half▲ 4.6%-€50,961below the sector's middle half▲ 46.3%-€43,878below the sector's middle half▲ 13.9%-€75,727below the sector's middle half▼ 72.6%€55,755within the sector's middle half
Total assets€370,304within the sector's middle half▲ 38.4%€205,472within the sector's middle half▼ 44.5%€561,240above the sector's middle half▲ 173%€644,127above the sector's middle half▲ 14.8%€764,755above the sector's middle half▲ 18.7%
Debt€465,138▲ 26.8%€256,433▼ 44.9%€605,119▲ 136%€719,854▲ 19.0%€709,000▼ 1.5%
Working capital-€127,998below the sector's middle half▼ 1.9%-€82,564below the sector's middle half▲ 35.5%-€95,672below the sector's middle half▼ 15.9%-€109,311below the sector's middle half▼ 14.3%€40,689within the sector's middle half
Solvency-25.6%below the sector's middle half▲ 11.6pp-24.8%below the sector's middle half▲ 0.8pp-7.8%below the sector's middle half▲ 17.0pp-11.8%below the sector's middle half▼ 3.9pp7.3%within the sector's middle half▲ 19.0pp
Current ratio0.72below the sector's middle half▲ 0.070.68below the sector's middle half▼ 0.050.84below the sector's middle half▲ 0.160.85below the sector's middle half▲ 0.011.06within the sector's middle half▲ 0.21
Return on assets (ROA)1.2%within the sector's middle half▲ 25.8pp21.4%above the sector's middle half▲ 20.1pp1.3%within the sector's middle half▼ 20.1pp-4.9%below the sector's middle half▼ 6.2pp17.2%above the sector's middle half▲ 22.1pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 returns to profit in 2024: €132,081 after a loss of €31,740 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €764,755
Fixed assets
€15,067 ▼ 55.1%
Current assets
€749,689 ▲ 22.8%
Equity and liabilities €764,755
Equity
€55,755
Debt
€709,000
Debt finances 92.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€146,581▲
2023 · -€13,531
Cash flow
€145,982▲
2023 · -€13,639
Quick ratio
0.74▲
2023 · 0.44
Debt to equity
12.72▲
2023 · -9.51
ROE
235.8%
Interest coverage
244.75▲
2023 · -125.72
Debt ≤ 1 year
€709,000▼
2023 · €719,854
Staff costs
€40,939▲
2023 · €40,554
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.1%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,662 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 875 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 | €1.8m | - | - | - | €2.0m | - |
| Non-recurring operating income76A | - | - | - | €700 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €1.8m | - |
| Remuneration, social security and pensions62 | - | €16,239 | €30,066 | €40,554 | €40,939 | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,081 | €9,907 | €11,809 | €18,209 | €14,500 | ▼ 20.4% |
| Other operating charges640/8 | - | €6,023 | €2,535 | €3,383 | €4,997 | ▲ 47.7% |
| Non-recurring operating charges66A | - | €7,200 | - | - | €8,718 | - |
| Gross operating margin9900 | €22,569 | €83,813 | €29,479 | €30,406 | €201,235 | ▲ 562% |
| Operating profit (loss)9901 | €4,866 | €44,444 | -€14,931 | -€31,740 | €132,081 | ▲ 516% |
| Financial income75/76B | - | €3 | - | - | - | - |
| Recurring financial income75 | €1 | €3 | - | - | - | - |
| Financial charges65/66B | - | €575 | -€22,013 | €108 | €599 | ▲ 456% |
| Recurring financial charges65 | €281 | €575 | -€22,013 | €108 | €599 | ▲ 456% |
| Profit (loss) for the period before taxes9903 | €4,586 | €43,873 | €7,082 | -€31,848 | €131,482 | ▲ 513% |
| Profit (loss) for the period9904 | €4,586 | €43,873 | €7,082 | -€31,848 | €131,482 | ▲ 513% |
| Profit (loss) for the period to be appropriated9905 | €4,586 | €43,873 | €7,082 | -€31,848 | €131,482 | ▲ 513% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €370,304 | €205,472 | €561,240 | €644,127 | €764,755 | ▲ 18.7% |
| Fixed assets21/28 | €33,164 | €31,603 | €51,794 | €33,585 | €15,067 | ▼ 55.1% |
| Tangible fixed assets22/27 | €28,764 | €27,203 | €47,394 | €29,185 | €10,667 | ▼ 63.5% |
| Plant, machinery and equipment23 | - | €5,500 | €3,300 | €1,100 | - | - |
| Furniture and vehicles24 | - | €21,703 | €44,094 | €28,085 | €10,667 | ▼ 62.0% |
| Financial fixed assets28 | €4,400 | €4,400 | €4,400 | €4,400 | €4,400 | = |
| Current assets29/58 | €337,140 | €173,869 | €509,446 | €610,543 | €749,689 | ▲ 22.8% |
| Stocks and contracts in progress3 | €210,194 | €156,072 | €246,613 | €292,815 | €227,311 | ▼ 22.4% |
| Stocks30/36 | - | €156,072 | €246,613 | €292,815 | €227,311 | ▼ 22.4% |
| Amounts receivable within one year40/41 | €100,786 | €15,985 | €110,494 | €142,693 | €507,104 | ▲ 255% |
| Trade receivables40 | - | €1,636 | - | €42,441 | €424,044 | ▲ 899% |
| Other amounts receivable41 | - | €14,350 | €110,494 | €100,252 | €83,060 | ▼ 17.1% |
| Cash at bank and in hand54/58 | €26,160 | €1,812 | €152,340 | €175,035 | €15,274 | ▼ 91.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €370,304 | €205,472 | €561,240 | €644,127 | €764,755 | ▲ 18.7% |
| Equity10/15 | -€94,834 | -€50,961 | -€43,878 | -€75,727 | €55,755 | ▲ 174% |
| Contributions10/11 | - | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Profit (loss) carried forward14 | -€113,834 | -€69,961 | -€62,878 | -€94,727 | €36,755 | ▲ 139% |
| Amounts payable17/49 | €465,138 | €256,433 | €605,119 | €719,854 | €709,000 | ▼ 1.5% |
| Amounts payable within one year42/48 | €465,138 | €256,433 | €605,119 | €719,854 | €709,000 | ▼ 1.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €1,884 | - |
| Trade debts44 | €445,479 | €220,630 | €572,725 | €675,715 | €672,773 | ▼ 0.4% |
| Suppliers440/4 | - | €220,630 | €572,725 | €675,715 | €672,773 | ▼ 0.4% |
| Taxes, remuneration and social security45 | - | €30,254 | €32,393 | €44,139 | €34,343 | ▼ 22.2% |
| Taxes450/3 | - | €30,254 | €32,393 | €41,349 | €34,343 | ▼ 16.9% |
| Remuneration and social security454/9 | - | - | - | €2,791 | - | - |
| Other amounts payable47/48 | - | €5,550 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,586 | €43,873 | €7,082 | -€31,848 | €131,482 | ▲ 513% |
| + Depreciation and write-downs630 | €10,081 | €9,907 | €11,809 | €18,209 | €14,500 | ▼ 20.4% |
| Operating cash flow (approximation) | €14,667 | €53,780 | €18,891 | -€13,639 | €145,982 | ▲ 1,170% |
| Investment in fixed assets (approximation) | - | -€8,345 | -€32,000 | €0 | €4,018 | - |
| Change in cash | - | -€24,348 | €150,527 | €22,695 | -€159,761 | ▼ 804% |
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
17-11
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · event 07-11-2025
10-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 30-09-2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
31-12
Financial
Back to profitnet €131,482
Net result €131,482 after one loss-making year.
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 127 days late
2023
17-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 109 days late
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 393 days late
2021
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 111 days late
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 174 days late
2020
31-12
Financial
Back to profitnet €4,586
Net result €4,586 after 2 loss-making years.
2019
31-12
Financial
Weakest financial yearnet -€65,610
Net result drops to -€65,610, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Jans-Molenbeek · 1 establishment unit since 2017
Ground area
4,580 m²
Building footprint
5,650 m²
Volume, LiDAR
30,389 m³
Parcel 21523B0805/00B006, Brussels · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
.
since 20172.261.598.847
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0805/00B006 | Brussels | 4,580 m² | 1 · 5,650 m² | 12.1 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JOAN DUBAERE KEIZER KARELLAAN 586 BUS 9,
1082 SINT-AGATHA-BERCHEM |
30-09-2025 → 07-11-2025 |
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Jans-Molenbeek2.261.598.847
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Of 697 companies in sector 46392 we hold annual accounts for 485. 275 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
Founded02-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
46392Non-specialised wholesale
E-invoicing
Reachable via Peppol
Peppol ID
0208:0670662354
Also
9925:BE0670662354
Registered
14-07-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.