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DAWAG

Active
Private limited company (pre-2019)·Cafés en bars· 14 yrs active
Priester Cuypersstraat 3 ·1040 Etterbeek, Belgium
Open bankruptcy
KBO/BCE: BE 0842.898.326
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Age14 yrs

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for DAWAG according to publications in the Belgian State Gazette. The 2019 annual accounts show equity of €38k and a net result of €19k.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

1 events
24-01-2024
Bankruptcy Opening
Date: 15-01-2024 · Tribunal de l’entreprise francophone de Bruxelles · DAWAG SRL RUE ABBE CUYPERS 3, 1040 ETTERBEEK · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2019) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
The year end is derived from 6 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2019, that is 31-07-2020.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 nothing on record not filed -
31-12-2021 31-07-2022 nothing on record not filed -
31-12-2020 31-07-2021 nothing on record not filed -
31-12-2019 31-07-2020 30-12-2020 152 d late 2020-77600397
31-12-2017 31-07-2018 30-09-2018 61 d late 2018-67200082
31-12-2016 31-07-2017 30-08-2017 30 d late 2017-57600456
31-12-2015 31-07-2016 30-08-2016 30 d late 2016-57000447
31-12-2014 31-07-2015 28-08-2015 28 d late 2015-51800044
31-12-2012 31-07-2013 30-08-2013 30 d late 2013-56700571

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€19k
Working capital€28k
Directors1

Annual accounts & ratios

Source: NBB · 2019
Annual accounts filed on 30-12-2020 with the NBB · fiscal year 2019 · volledig
Fiscal year2019
Depositvolledig
Revenue-
EBITDA€12k
Net profit€19k
Cash flow€20k
Staff costs-
Income taxes-
Dividends-
Total assets€97k
Equity€38k
Debt€59k
of which ≤ 1y€59k
of which > 1y-
Working capital€28k
Employees (FTE)-
Ratios (computed)
2019
Current ratio1.48
Quick ratio1.30
Working capital ratio29.1%
Solvency39.1%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA19.5%
ROE50.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2019
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2019
Balance sheet, Assets
TOTAL ASSETS 20/58€97k
Fixed assets 21/28€10k
Tangible fixed assets 22/27€3k
Financial fixed assets 28€6k
Current assets 29/58€88k
Stocks & contracts in progress 3€10k
Amounts receivable within one year 40/41€61k
Cash & bank 54/58€16k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€97k
Equity 10/15€38k
Contributions / capital 10/11€19k
Reserves 13€2k
Accumulated profits (losses) 14€17k
Amounts payable 17/49€59k
Amounts payable within one year 42/48€59k
Trade debts payable within one year 44€26k
Income statement
Gross operating margin 9900€99k
Operating result 9901€12k
Financial charges 65€217
Result before taxes 9903€11k
Net result for the period 9904€11k
Result to be appropriated 9905€11k
Ratios computed by Checked.

Health barometer

FY 2019 · computed
10 / 100 Critical
050100
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2019 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

7 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator POL MASSART
CHAUSSEE DE LA HULPE, 110/5, 1000 FR BRUXELLES-VILLE
15-01-2024 → present Belgian State Gazette

Legal Structure

NACE primary Cafés en bars(56301)
Legal form Private limited company (pre-2019)(015)
Incorporation18-01-2012
StatusActive
Postal code1040
First BS signal 24-01-2024
Latest BS signal 24-01-2024

Structure & network

Company structure: linked entities

1 linked entity
DAWAGBE 0842.898.326POL MASSARTReceiver
Mandates

Locations & real estate

Establishment units

1 location
DAWAG RESTO
Priester Cuypersstraat 3, 1040 EtterbeekEetgelegenheden met beperkte bediening
since 20122.207.010.811
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area325 m²
Buildings1
Building footprint129 m²
Volume (LiDAR)1,912 m³
Tallest building17.0 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21005A0542/00B006 Brussels 325 m² 1 · 129 m² 17.0 m · 5 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
24-01-2024
Bankruptcy Opening
Date: 15-01-2024 · Tribunal de l’entreprise francophone de Bruxelles · DAWAG SRL RUE ABBE CUYPERS 3, 1040 ETTERBEEK · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-01-24 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

2 acts
Capital history · 1
29-06-2023
Capital change
Address history · 1
21-02-2023
Registered-office move
All acts · 2 updated 3 years ago
2023
29-06-2023 All shares are now held by a single shareholder Capital & shares
21-02-2023 Registered office moved to BRUXELLES Registered-office change
  • RUE DE L'AGRAFE 135 A 1070 BRUXELLES

Analysis

Snowflake analysis

financial profile on 5 axes
Health10Profitability100Solvency72Growth-Stability0
46 / 100

Mixed profile: strong on profitability, weaker on stability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 10
Profitability 100
Solvency 72
Growth -
Stability 0

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Cafés en bars56301Cafés en bars56301
Primary activity highlighted.
Names & trade names
Legal nameFR DAWAG
Registered office
Priester Cuypersstraat 3
1040 Etterbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.