SRL DEMSA
ActiveSummary
The computed 12-month bankruptcy probability of SRL DEMSA is 9.4% (elevated). The 2024 annual accounts show equity of €1,693 and a net result of -€1,307. The figures fluctuate too strongly year-on-year for a reliable trend projection. 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
Profitability25▼-73
Solvency38▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
9.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.55 against 0.71 in 2023; short-term debt: 87.3% and cash: 38.5% of total assets), and 87.3% of the assets are financed with debt.
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Signals
Five 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 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
12.7%
Return on assets
-9.8%
Age of the figures
21 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 27-06-2026, 34 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
34 d early
2024
36 d early
2023
51 d early
2022
57 d early
2021
56 d early
2020
51 d early
2019
64 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 50 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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 11 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€1,693▼ 43.6%
2023 · €3,000
Total assets
€13,309▼ 54.7%
2023 · €29,378
Net result
-€1,307
2023 · €6,935
Working capital
-€5,211▲ 32.8%
2023 · -€7,751
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
Operating result€19,959€8,912▼ 55.3%-€225€9,831€729▼ 92.6%
Net result€19,451above the sector's middle half€7,445within the sector's middle half▼ 61.7%-€1,864within the sector's middle half€6,935within the sector's middle half-€1,307within the sector's middle half
Equity€414within the sector's middle half€7,859within the sector's middle half▲ 1,799%€5,995within the sector's middle half▼ 23.7%€3,000within the sector's middle half▼ 50.0%€1,693within the sector's middle half▼ 43.6%
Total assets€14,144below the sector's middle half▲ 3.6%€12,500below the sector's middle half▼ 11.6%€23,413below the sector's middle half▲ 87.3%€29,378below the sector's middle half▲ 25.5%€13,309below the sector's middle half▼ 54.7%
Debt€13,730▼ 58.0%€4,641▼ 66.2%€17,418▲ 275%€26,378▲ 51.4%€11,616▼ 56.0%
Working capital-€6,900within the sector's middle half▲ 75.3%-€823within the sector's middle half▲ 88.1%-€8,762within the sector's middle half▼ 965%-€7,751within the sector's middle half▲ 11.5%-€5,211within the sector's middle half▲ 32.8%
Solvency2.9%within the sector's middle half▲ 142.3pp62.9%above the sector's middle half▲ 59.9pp25.6%within the sector's middle half▼ 37.3pp10.2%within the sector's middle half▼ 15.4pp12.7%within the sector's middle half▲ 2.5pp
Current ratio0.50within the sector's middle half▲ 0.350.82within the sector's middle half▲ 0.330.50below the sector's middle half▼ 0.330.71within the sector's middle half▲ 0.210.55within the sector's middle half▼ 0.15
Return on assets (ROA)137.5%above the sector's middle half▲ 298.9pp59.6%above the sector's middle half▼ 78.0pp-8.0%within the sector's middle half▼ 67.5pp23.6%above the sector's middle half▲ 31.6pp-9.8%below the sector's middle half▼ 33.4pp
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 93% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13,309
Fixed assets
€6,904 ▼ 35.8%
Current assets
€6,405 ▼ 65.6%
Equity and liabilities €13,309
Equity
€1,693 ▼ 43.6%
Debt
€11,616 ▼ 56.0%
Debt's share of the balance-sheet total falls from 89.8% to 87.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4,576▼
2023 · €14,707
Cash flow
€2,540▼
2023 · €11,811
Debt to equity
6.86▼
2023 · 8.79
ROE
-77.2%▼
2023 · 231.2%
Interest coverage
2.25▼
2023 · 10.01
Debt ≤ 1 year
€11,616▼
2023 · €26,378
Staff costs
€36,234▲
2023 · €10,086
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,548 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
4.3%
went bankrupt
3.9%
stopped otherwise
91%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 9.4% 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 497,340 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% | 1.0% |
| 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% 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 1,548 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6,094 | €3,763 | €10,086 | €36,234 | ▲ 259% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,585 | €1,822 | €3,710 | €4,876 | €3,847 | ▼ 21.1% |
| Other operating charges640/8 | - | €1,622 | €1,269 | €1,245 | €1,105 | ▼ 11.3% |
| Gross operating margin9900 | €23,663 | €18,450 | €8,518 | €26,037 | €41,915 | ▲ 61.0% |
| Operating profit (loss)9901 | €19,959 | €8,912 | -€225 | €9,831 | €729 | ▼ 92.6% |
| Financial income75/76B | - | - | €68 | - | €2 | - |
| Recurring financial income75 | €0 | - | €68 | - | €2 | - |
| Financial charges65/66B | - | €737 | €1,706 | €1,469 | €2,038 | ▲ 38.7% |
| Recurring financial charges65 | €508 | €737 | €1,706 | €1,469 | €2,038 | ▲ 38.7% |
| Profit (loss) for the period before taxes9903 | €19,451 | €8,175 | -€1,864 | €8,362 | -€1,307 | ▼ 116% |
| Income taxes67/77 | - | €730 | - | €1,426 | - | - |
| Profit (loss) for the period9904 | €19,451 | €7,445 | -€1,864 | €6,935 | -€1,307 | ▼ 119% |
| Profit (loss) for the period to be appropriated9905 | €19,451 | €7,445 | -€1,864 | €6,935 | -€1,307 | ▼ 119% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,144 | €12,500 | €23,413 | €29,378 | €13,309 | ▼ 54.7% |
| Fixed assets21/28 | €7,314 | €8,682 | €14,757 | €10,751 | €6,904 | ▼ 35.8% |
| Tangible fixed assets22/27 | €4,314 | €5,682 | €11,757 | €7,751 | €3,904 | ▼ 49.6% |
| Furniture and vehicles24 | - | €5,682 | €8,437 | €5,305 | €2,334 | ▼ 56.0% |
| Other tangible fixed assets26 | - | - | €3,320 | €2,445 | €1,570 | ▼ 35.8% |
| Financial fixed assets28 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Current assets29/58 | €6,831 | €3,818 | €8,655 | €18,627 | €6,405 | ▼ 65.6% |
| Amounts receivable within one year40/41 | €1,247 | €1,293 | €2,399 | €8,552 | €1,277 | ▼ 85.1% |
| Trade receivables40 | - | €259 | €84 | €8,552 | - | - |
| Other amounts receivable41 | - | €1,033 | €2,314 | - | €1,277 | - |
| Cash at bank and in hand54/58 | €4,083 | €1,026 | €4,235 | €9,562 | €5,128 | ▼ 46.4% |
| Deferred charges and accrued income490/1 | - | €1,500 | €2,021 | €513 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,144 | €12,500 | €23,413 | €29,378 | €13,309 | ▼ 54.7% |
| Equity10/15 | €414 | €7,859 | €5,995 | €3,000 | €1,693 | ▼ 43.6% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€2,586 | €4,859 | €2,995 | €0 | -€1,307 | - |
| Amounts payable17/49 | €13,730 | €4,641 | €17,418 | €26,378 | €11,616 | ▼ 56.0% |
| Amounts payable within one year42/48 | €13,730 | €4,641 | €17,418 | €26,378 | €11,616 | ▼ 56.0% |
| Trade debts44 | €578 | €636 | €11,646 | €2,285 | €1,418 | ▼ 37.9% |
| Suppliers440/4 | - | €636 | €11,646 | €2,285 | €1,418 | ▼ 37.9% |
| Advances received on contracts in progress46 | - | - | - | €6,201 | - | - |
| Taxes, remuneration and social security45 | - | €3,742 | €5,772 | €6,330 | €10,197 | ▲ 61.1% |
| Taxes450/3 | - | €785 | €786 | €5,769 | €3,651 | ▼ 36.7% |
| Remuneration and social security454/9 | - | €2,956 | €4,986 | €561 | €6,547 | ▲ 1,066% |
| Other amounts payable47/48 | - | €263 | - | €11,563 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,451 | €7,445 | -€1,864 | €6,935 | -€1,307 | ▼ 119% |
| + Depreciation and write-downs630 | €1,585 | €1,822 | €3,710 | €4,876 | €3,847 | ▼ 21.1% |
| Operating cash flow (approximation) | €21,036 | €9,267 | €1,846 | €11,811 | €2,540 | ▼ 78.5% |
| Investment in fixed assets (approximation) | - | -€3,190 | -€9,786 | -€869 | €0 | ▲ 100% |
| Change in cash | - | -€3,057 | €3,210 | €5,327 | -€4,434 | ▼ 183% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €6,935
Net result €6,935 after one loss-making year.
04-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €19,451
Net result €19,451 after one loss-making year.
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Anderlecht · 1 establishment unit since 2019
Ground area
190 m²
Building footprint
190 m²
Volume, LiDAR
2,445 m³
Parcel 21308H0656/00X002, Brussels · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DEMSA SRL
since 20192.289.861.974
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0656/00X002 | Brussels | 190 m² | 1 · 190 m² | 15.1 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.289.861.974
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,781. 2,632 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
Founded29-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0727647280
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.