DMSA
ActiveSummary
The computed 12-month bankruptcy probability of DMSA is 8.7% (elevated). The 2026 annual accounts show negative equity (-€36,344) and a net result of -€62,688. Its solvency ranks better than 10% of 100 sector peers (NACE 56, financial year 2026). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 2.7 FTE
- Equity
- -€36,344
- Loss
- -€62,688
Why 31raises riskSector: Food and beverage service activities (NACE 56)Last filed accounts filed 51 days late; 1 of the last 3 lateNegative equity -€36,344Loss of €62,688, the second in a row (financial year 2026)Show the evidence
Checked score
About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 21% on solvency, 38% on liquidity, 8% on profitability and 4% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (2)
- Annual accounts filedfinancial year 2026 · abbreviated…
- Annual accounts filedfinancial year 2025 · abbreviated…
- IncorporationAppointment: MUHTAR Derya (director) ·…
Financials · financial year 2026, abbreviated format
2026 annual accounts filed late (51 days) Filed on 21 October 2026, deadline 31 August 2026 (7 months after the close on 31 January 2026, Companies Code art. 3:10). Source: NBB, 2026-00565097.
2025 to 2026, 2 financial years
The operating result stays negative: a loss of €51,358 in 2026 against €19,585 in 2025; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.9% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 8.7% 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 497,445 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% | 0.9% |
| 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 74.5% 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 7,639 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.
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €13,465 | €106,929 | ▲ 694% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,877 | €35,107 | ▲ 173% |
| Other operating charges640/8 | - | €180 | - |
| Gross operating margin9900 | €6,757 | €90,858 | ▲ 13× |
| Operating profit (loss)9901 | -€19,585 | -€51,358 | ▼ 162% |
| Financial income75/76B | - | €312 | - |
| Recurring financial income75 | - | €312 | - |
| Financial charges65/66B | €4,071 | €11,642 | ▲ 186% |
| Recurring financial charges65 | €4,071 | €11,642 | ▲ 186% |
| Profit (loss) for the period before taxes9903 | -€23,655 | -€62,688 | ▼ 165% |
| Profit (loss) for the period9904 | -€23,655 | -€62,688 | ▼ 165% |
| Profit (loss) for the period to be appropriated9905 | -€23,655 | -€62,688 | ▼ 165% |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €400,600 | €317,532 | ▼ 20.7% |
| Formation expenses20 | €2,359 | - | - |
| Fixed assets21/28 | €305,688 | €277,064 | ▼ 9.4% |
| Tangible fixed assets22/27 | €305,688 | €277,064 | ▼ 9.4% |
| Plant, machinery and equipment23 | €39,519 | €36,510 | ▼ 7.6% |
| Furniture and vehicles24 | €1,729 | €2,076 | ▲ 20.1% |
| Other tangible fixed assets26 | €264,439 | €238,478 | ▼ 9.8% |
| Current assets29/58 | €92,553 | €40,468 | ▼ 56.3% |
| Stocks and contracts in progress3 | €4,500 | €4,500 | = |
| Stocks30/36 | €4,500 | €4,500 | = |
| Amounts receivable within one year40/41 | €43,528 | €15,274 | ▼ 64.9% |
| Trade receivables40 | €37,776 | €15,274 | ▼ 59.6% |
| Other amounts receivable41 | €5,752 | - | - |
| Cash at bank and in hand54/58 | €43,651 | €20,137 | ▼ 53.9% |
| Deferred charges and accrued income490/1 | €875 | €557 | ▼ 36.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €400,600 | €317,532 | ▼ 20.7% |
| Equity10/15 | €26,345 | -€36,344 | - |
| Contributions10/11 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€23,655 | -€86,344 | ▼ 265% |
| Amounts payable17/49 | €374,255 | €353,876 | ▼ 5.4% |
| Amounts payable after more than one year17 | €281,121 | €243,179 | ▼ 13.5% |
| Financial debts170/4 | €281,121 | €243,179 | ▼ 13.5% |
| Amounts payable within one year42/48 | €86,106 | €109,995 | ▲ 27.7% |
| Current portion of amounts payable after more than one year42 | €13,879 | €37,942 | ▲ 173% |
| Trade debts44 | €60,981 | €39,359 | ▼ 35.5% |
| Suppliers440/4 | €60,981 | €39,359 | ▼ 35.5% |
| Taxes, remuneration and social security45 | €3,675 | €20,829 | ▲ 467% |
| Taxes450/3 | €148 | €493 | ▲ 232% |
| Remuneration and social security454/9 | €3,527 | €20,336 | ▲ 477% |
| Other amounts payable47/48 | €7,571 | €11,866 | ▲ 56.7% |
| Accrued charges and deferred income492/3 | €7,028 | €702 | ▼ 90.0% |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€23,655 | -€62,688 | ▼ 165% |
| + Depreciation and write-downs630 | €12,877 | €35,107 | ▲ 173% |
| Operating cash flow (approximation) | -€10,778 | -€27,581 | ▼ 156% |
| Investment in fixed assets (approximation) | - | -€6,483 | - |
| Change in cash | - | -€23,513 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-01-2026 | abbreviated format | 21-10-2026 | 2026-00565097 |
| 31-01-2025 | abbreviated format | 26-09-2025 | 2025-00512428 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MUHTAR Derya |
|
Owners and capital
Capital and shareholders
- AGGÖN Selim 50 shares (50%) · €25,000 in cash
- MUHTAR Derya 50 shares (50%) · €25,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 17-07-2024 Incorporation · €50,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
17-07
Gazette deed
IncorporationAppointment: MUHTAR Derya (director) · Founder · Founding capital8 facts ▸
- Incorporation, 10-07-2024
- Founder, AGGÖN Selim
- Founder, MUHTAR Derya
- Founding capital, €50,000
- Capital
- Registered office clause, “1850 Grimbergen, Stationstraat 49” (deed in Dutch)
- Director appointment, MUHTAR Derya (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen, verplichtingen en activiteiten in naam en voor rekening van de vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23642D0708/00F000 | Flanders | 681 m² | 1 · 914 m² | - |
| 23402E0190/00Y021 | Flanders | 295 m² | 1 · 72 m² | 10.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De aankoop en verkoop en handel in het algemeen, in producten die verband houden met de bakkerij, banketbakkerij, beschuiten, koekjes…” (deed in Dutch)
3 activities (deed in Dutch)
- De aankoop en verkoop en handel in het algemeen, in producten die verband houden met de bakkerij, banketbakkerij, beschuiten, koekjes, snoepgoed, versnaperingen en andere voedingswaren in de ruimste zin van het woord
- Het uitbaten van verbruikssalons, restaurants en snackbars en alle activiteiten die ermee verband houden
- De vennootschap zal in het algemeen alle commerciële, industriële, financiële, roerende of onroerende handelingen mogen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of welke van aard zouden zijn het bereiken ervan geheel of ten dele te vergemakkelijken
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DMSA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, door eenvoudige beslissing van het bestuursorgaan naar om het even welke plaats in het Nederlands taalgebied of in het…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Daily managementWho may handle the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur, één of meer bestuurders, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder” (deed in Dutch)“Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan hem toegekend, met de mogelijkheid een deel van…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Thursday of July at 18:00
- Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
- One provision in the deed
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Iedere persoon kan verzaken aan de oproeping en zal in ieder geval als regelmatig opgeroepen worden beschouwd als hij aanwezig of…” (deed in Dutch)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, beslissing algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar benoemd, bestuurder(s) in functie” (deed in Dutch)