DEULHA
ActiveSummary
The computed 12-month bankruptcy probability of DEULHA is 5.2% (elevated). The 2024 annual accounts show equity of €131,808 and a net result of €35,325. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 58% of 18940 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability82▼-18
Solvency63▲+19
Growth78=
Track record100
Bankruptcy probability, 12 months
5.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.02 against 0.69 in 2023; short-term debt: 60.4% and cash: 24.9% of total assets), and 61.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-05-2026, 294 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
294 d late
2023
68 d late
2022
60 d late
2021
144 d late
2020
170 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 147 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€0
Total assets
€343,369▲ 25.4%
2023 · €273,783
Net result
€35,325▼ 49.3%
2023 · €69,679
Working capital
€4,747
2023 · -€67,966
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
Line20202021202220232024
Turnover€0
Operating result-€85,069--€6,850▲ 91.9%€1,707€72,052▲ 4,120%€40,227▼ 44.2%
Net result-€85,518below the sector's middle half--€7,739below the sector's middle half▲ 91.0%€320within the sector's middle half€69,679above the sector's middle half▲ 21,666%€35,325above the sector's middle half▼ 49.3%
Equity-€10,518below the sector's middle half--€18,257below the sector's middle half▼ 73.6%-€17,936below the sector's middle half▲ 1.8%€51,743within the sector's middle half€131,808above the sector's middle half▲ 155%
Total assets€19,822below the sector's middle half-€99,470within the sector's middle half▲ 402%€127,650within the sector's middle half▲ 28.3%€273,783above the sector's middle half▲ 114%€343,369above the sector's middle half▲ 25.4%
Debt€30,340-€117,727▲ 288%€145,587▲ 23.7%€222,040▲ 52.5%€211,561▼ 4.7%
Working capital-€11,358within the sector's middle half--€20,066within the sector's middle half▼ 76.7%-€19,436within the sector's middle half▲ 3.1%-€67,966below the sector's middle half▼ 250%€4,747within the sector's middle half
Solvency-53.1%below the sector's middle half--18.4%below the sector's middle half▲ 34.7pp-14.1%below the sector's middle half▲ 4.3pp18.9%within the sector's middle half▲ 33.0pp38.4%within the sector's middle half▲ 19.5pp
Current ratio0.63within the sector's middle half-0.83within the sector's middle half▲ 0.200.87within the sector's middle half▲ 0.040.69within the sector's middle half▼ 0.171.02within the sector's middle half▲ 0.33
Return on assets (ROA)-431.4%below the sector's middle half--7.8%below the sector's middle half▲ 423.7pp0.3%within the sector's middle half▲ 8.0pp25.5%above the sector's middle half▲ 25.2pp10.3%within the sector's middle half▼ 15.2pp
Staff (FTE)4.7above the sector's middle half-5.1▲ 8.5%4.9▼ 3.9%4.3▼ 12.2%6.2▲ 44.2%
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 2024; 2024 is 44% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €343,369
Fixed assets
€131,101 ▲ 9.5%
Current assets
€212,268 ▲ 37.8%
Equity and liabilities €343,369
Equity
€131,808 ▲ 155%
Debt
€211,561 ▼ 4.7%
Debt's share of the balance-sheet total falls from 81.1% to 61.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48,200▼
2023 · €76,950
Cash flow
€43,298▼
2023 · €74,578
Quick ratio
0.95▲
2023 · 0.62
Debt to equity
1.61▼
2023 · 4.29
ROE
26.8%▼
2023 · 134.7%
Interest coverage
7.02▼
2023 · 29.01
Debt ≤ 1 year
€207,521▼
2023 · €222,040
Income taxes
€4,109▲
2023 · €50
Staff costs
€235,299▲
2023 · €108,040
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.2% 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 26,970 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 | - | €0 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €346 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €63,464 | €96,990 | €108,040 | €235,299 | ▲ 118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €751 | €530 | €309 | €4,898 | €7,974 | ▲ 62.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €4,624 | - |
| Other operating charges640/8 | - | €5,377 | €167 | €81 | €3,163 | ▲ 3,814% |
| Gross operating margin9900 | -€34,844 | €62,522 | €99,174 | €185,071 | €291,286 | ▲ 57.4% |
| Operating profit (loss)9901 | -€85,069 | -€6,850 | €1,707 | €72,052 | €40,227 | ▼ 44.2% |
| Financial income75/76B | - | €93 | €390 | €330 | €6,077 | ▲ 1,742% |
| Recurring financial income75 | €101 | €93 | €390 | €330 | €6,077 | ▲ 1,742% |
| Financial charges65/66B | - | €982 | €1,777 | €2,653 | €6,870 | ▲ 159% |
| Recurring financial charges65 | €549 | €982 | €1,777 | €2,653 | €6,870 | ▲ 159% |
| Profit (loss) for the period before taxes9903 | -€85,518 | -€7,739 | €320 | €69,729 | €39,433 | ▼ 43.4% |
| Income taxes67/77 | - | - | - | €50 | €4,109 | ▲ 8,117% |
| Profit (loss) for the period9904 | -€85,518 | -€7,739 | €320 | €69,679 | €35,325 | ▼ 49.3% |
| Profit (loss) for the period to be appropriated9905 | -€85,518 | -€7,739 | €320 | €69,679 | €35,325 | ▼ 49.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19,822 | €99,470 | €127,650 | €273,783 | €343,369 | ▲ 25.4% |
| Fixed assets21/28 | €840 | €1,809 | €1,500 | €119,709 | €131,101 | ▲ 9.5% |
| Tangible fixed assets22/27 | €840 | €309 | €0 | €118,209 | €129,551 | ▲ 9.6% |
| Plant, machinery and equipment23 | - | €309 | €0 | €118,209 | - | - |
| Other tangible fixed assets26 | - | - | - | - | €129,551 | - |
| Financial fixed assets28 | - | €1,500 | €1,500 | €1,500 | €1,550 | ▲ 3.3% |
| Current assets29/58 | €18,982 | €97,661 | €126,150 | €154,074 | €212,268 | ▲ 37.8% |
| Stocks and contracts in progress3 | - | €4,835 | €14,901 | €16,600 | €15,207 | ▼ 8.4% |
| Stocks30/36 | - | €4,835 | €14,901 | €16,600 | €15,207 | ▼ 8.4% |
| Amounts receivable within one year40/41 | €5,290 | €56,699 | €41,306 | €80,900 | €110,270 | ▲ 36.3% |
| Trade receivables40 | - | €51,501 | €12,446 | €69,048 | €70,964 | ▲ 2.8% |
| Other amounts receivable41 | - | €5,198 | €28,860 | €11,852 | €39,306 | ▲ 232% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €13,692 | €36,127 | €69,943 | €56,574 | €85,659 | ▲ 51.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,132 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19,822 | €99,470 | €127,650 | €273,783 | €343,369 | ▲ 25.4% |
| Equity10/15 | -€10,518 | -€18,257 | -€17,936 | €51,743 | €131,808 | ▲ 155% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | - | - | - | - | €12,067 | - |
| Non-distributable reserves130/1 | - | - | - | - | €660 | - |
| Legal reserve130 | - | - | - | - | €660 | - |
| Distributable reserves133 | - | - | - | - | €11,407 | - |
| Profit (loss) carried forward14 | -€85,518 | -€93,257 | -€92,936 | -€23,257 | - | - |
| Investment grants15 | - | - | - | - | €44,741 | - |
| Amounts payable17/49 | €30,340 | €117,727 | €145,587 | €222,040 | €211,561 | ▼ 4.7% |
| Amounts payable within one year42/48 | €30,340 | €117,727 | €145,587 | €222,040 | €207,521 | ▼ 6.5% |
| Trade debts44 | €14,892 | €64,364 | €102,985 | €152,259 | €149,228 | ▼ 2.0% |
| Suppliers440/4 | - | €64,364 | €102,985 | €152,259 | €149,228 | ▼ 2.0% |
| Advances received on contracts in progress46 | - | €1,600 | €2,455 | €8,333 | - | - |
| Taxes, remuneration and social security45 | - | €21,746 | €13,235 | €29,900 | €22,302 | ▼ 25.4% |
| Taxes450/3 | - | €12,843 | €814 | €9,727 | €3,813 | ▼ 60.8% |
| Remuneration and social security454/9 | - | €8,903 | €12,422 | €20,172 | €18,490 | ▼ 8.3% |
| Other amounts payable47/48 | - | €30,016 | €26,911 | €31,548 | €35,991 | ▲ 14.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €4,040 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€85,518 | -€7,739 | €320 | €69,679 | €35,325 | ▼ 49.3% |
| + Depreciation and write-downs630 | €751 | €530 | €309 | €4,898 | €7,974 | ▲ 62.8% |
| Operating cash flow (approximation) | -€84,767 | -€7,208 | €630 | €74,578 | €43,298 | ▼ 41.9% |
| Investment in fixed assets (approximation) | - | -€1,500 | €0 | -€123,107 | -€19,366 | ▲ 84.3% |
| Change in cash | - | €22,435 | €33,816 | -€13,369 | €29,085 | ▲ 318% |
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
2026
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 294 days late
2024
31-12
Financial
Equity above €100,000Eq €131,808 ▲155%
3 profitable years in a row build equity to €131,808.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Highest result since 2020net €69,679 ▲21,666%
Operating result €72,052, net result €69,679, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Back to profitnet €320
Net result €320 after 2 loss-making years.
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 144 days late
17-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 170 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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-Joost-ten-Node · 1 establishment unit since 2019
Ground area
385 m²
Building footprint
191 m²
Volume, LiDAR
2,793 m³
Parcel 21014A0249/00M002, Brussels · tallest building 20.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
De Ultieme Hallucinatie
since 20192.292.990.720
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0249/00M002 | Brussels | 385 m² | 1 · 191 m² | 20.4 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Joost-ten-Node2.292.990.720
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 9,241 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
56301Cafés and bars
56302Nightclubs
Contact
Website
www.deulha.be
E-mail
info@deulha.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0732538456
Also
9925:BE0732538456
Registered
16-11-2025
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.