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DAEMS GROUP

Active
Private limited companyfounded 200323 yrs activeFortstraat(Kessel) 9C, 2560 Nijlen, BelgiumKBO/BCE: BE 0479.473.770
Summary

DAEMS GROUP has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7.40M and a net result of €388k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 161 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability57=
Solvency53▲+3
Growth63▲+11
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 3.96 against 2.24 in 2023; short-term debt: 18.5% and cash: 10.3% of total assets), but 72.2% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 23 years 0 30 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
27.8%
Return on assets
1.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
43 d early
2023
68 d early
2022
39 d early
2021
76 d late
2020
3 d early
2019
1 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover
€21.16M▲ 523%
2020 · €3.40M
2018: €9.20M 2019: €6.90M▼ -25.0% vs 2018 2020: €3.40M▼ -50.7% vs 2019lowest value 2024: €21.16Mhighest value
2018 → 2024
EBIT margin
6.9%▲ 86.4pp
2020 · -79.5%
2018: 9.5%highest value 2019: -17.3%▼ -282% vs 2018 2020: -79.5%▼ -359% vs 2019lowest value 2024: 6.9%
2018 → 2024
Net result
€388k▼ 77.7%
2023 · €1.74M
2018: €772k 2019: €-1.41M▼ -283% vs 2018 2020: €-3.00M▼ -113% vs 2019 2021: €-3.66M▼ -22.1% vs 2020lowest in 7 years 2022: €-957k▲ +73.9% vs 2021 2023: €1.74M▲ +282% vs 2022highest in 7 years 2024: €388k▼ -77.7% vs 2023
2018 → 2024
Working capital
€14.57M▲ 26.7%
2023 · €11.51M
2018: €1.52M 2019: €133k▼ -91.3% vs 2018 2020: €-156k▼ -217% vs 2019lowest in 7 years 2021: €5.29M▲ +3485% vs 2020 2022: €4.70M▼ -11.1% vs 2021 2023: €11.51M▲ +145% vs 2022 2024: €14.57M▲ +26.7% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€3.40M-€21.16M 2020: €3.40M 2024: €21.16M
Equity€-560k-€-4.22M▼ 654%€-5.18M▼ 22.7%€7.33M€7.40M▲ 0.9% 2020: €-560k 2021: €-4.22M▼ -654% vs 2020 2022: €-5.18M▼ -22.7% vs 2021lowest in 5 years 2023: €7.33M▲ +242% vs 2022 2024: €7.40M▲ +0.9% vs 2023highest in 5 years
Operating result€-2.70M-€-3.15M▼ 16.6%€-293k▲ 90.7%€2.78M€1.47M▼ 47.1% 2020: €-2.70M 2021: €-3.15M▼ -16.6% vs 2020lowest in 5 years 2022: €-293k▲ +90.7% vs 2021 2023: €2.78M▲ +1047% vs 2022highest in 5 years 2024: €1.47M▼ -47.1% vs 2023
Net result€-3.00M-€-3.66M▼ 22.1%€-957k▲ 73.9%€1.74M€388k▼ 77.7% 2020: €-3.00M 2021: €-3.66M▼ -22.1% vs 2020lowest in 5 years 2022: €-957k▲ +73.9% vs 2021 2023: €1.74M▲ +282% vs 2022highest in 5 years 2024: €388k▼ -77.7% vs 2023
Result per fiscal year
Operating resultNet result
€-4.00M€-2.00M€0€2.00MOperating result 2020: €-2.70M€-2.70MNet result 2020: €-3.00M€-3.00MOperating result 2021: €-3.15M€-3.15MNet result 2021: €-3.66M€-3.66MOperating result 2022: €-293k€-293kNet result 2022: €-957k€-957kOperating result 2023: €2.78M€2.78MNet result 2023: €1.74M€1.74MOperating result 2024: €1.47M€1.47MNet result 2024: €388k€388k20202021202220232024€-1M€0€1M€2M€3MOperating result 2022: €-293k€-293kNet result 2022: €-957k€-957kOperating result 2023: €2.78M€2.8MNet result 2023: €1.74M€1.7MOperating result 2024: €1.47M€1.5MNet result 2024: €388k€388k202220232024
The operating result falls in 2024; 2024 is 47% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €26.65M
Fixed assets €7.15M ▼ 11.0%
Current assets €19.50M ▼ 6.3%
Equity and liabilities €26.65M
Equity €7.40M ▲ 0.9%
Provisions €227k
Debt €19.02M ▼ 11.6%
Debt's share of the balance-sheet total falls from 74.6% to 71.4%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€3.29M▼
2023 · €3.92M
Cash flow
€2.21M▼
2023 · €2.88M
Current ratio
3.96▲
2023 · 2.24
Quick ratio
1.28▲
2023 · 0.79
Debt to equity
2.57▼
2023 · 2.93
ROE
5.2%▼
2023 · 23.7%
ROA
1.5%▼
2023 · 6.0%
Interest coverage
2.87▼
2023 · 3.73
Debt ≤ 1 year
€4.92M▼
2023 · €9.30M
Debt > 1 year
€13.71M▲
2023 · €11.70M
Income taxes
€5k▲
2023 · €5k
Staff costs
€3.74M▼
2023 · €4.08M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 91 lines
Balance sheet Code20232024
Assets
Total assets20/58€28.84M€26.65M▼
Fixed assets21/28€8.04M€7.15M▼
Intangible fixed assets21€201k€588k▲
Tangible fixed assets22/27€7.81M€6.47M▼
Land and buildings22€467k€467k=
Plant, machinery and equipment23€6.68M€5.44M▼
Furniture and vehicles24€40k€40k▼
Leasing and similar rights25€617k€477k▼
Other tangible fixed assets26-€43k
Financial fixed assets28€30k€90k▲
Affiliated companies280/1-€89k
Participating interests280-€89k
Other financial fixed assets284/8-€1k
Amounts receivable and cash guarantees285/8-€1k
Current assets29/58€20.81M€19.50M▼
Stocks and contracts in progress3€13.45M€13.19M▼
Stocks30/36€11.88M€11.30M▼
Raw materials and consumables30/31-€1.53M
Goods purchased for resale34-€9.77M
Contracts in progress37€1.56M€1.89M▲
Amounts receivable within one year40/41€4.23M€2.97M▼
Trade receivables40€4.08M€2.03M▼
Other amounts receivable41€155k€938k▲
Cash at bank and in hand54/58€447k€2.76M▲
Deferred charges and accrued income490/1€2.68M€585k▼
Equity and liabilities
Total equity and liabilities10/49€28.84M€26.65M▼
Equity10/15€7.33M€7.40M▲
Contributions10/11€16.22M€16.22M=
Reserves13€2.13M€1.54M▼
Non-distributable reserves130/1€59k€59k=
Reserves not available under the articles1311€59k€59k=
Tax-exempt reserves132€1.31M€717k▼
Distributable reserves133€760k€760k=
Profit (loss) carried forward14€-11.03M€-10.37M▲
Investment grants15€15k€12k▼
Provisions and deferred taxes16-€227k
Deferred taxes168-€227k
Amounts payable17/49€21.51M€19.02M▼
Amounts payable after more than one year17€11.70M€13.71M▲
Financial debts170/4€11.62M€13.12M▲
Leasing and similar obligations172-€225k
Credit institutions173-€12.89M
Other amounts payable178/9€79k€593k▲
Amounts payable within one year42/48€9.30M€4.92M▼
Current portion of amounts payable after more than one year42€1.05M€1.35M▲
Financial debts43€1.60M-
Credit institutions430/8€1.60M-
Trade debts44€2.17M€602k▼
Suppliers440/4€2.17M€602k▼
Advances received on contracts in progress46€3.37M€1.85M▼
Taxes, remuneration and social security45€1.03M€1.12M▲
Taxes450/3€234k€669k▲
Remuneration and social security454/9€791k€449k▼
Other amounts payable47/48€88k-
Accrued charges and deferred income492/3€512k€385k▼
Income statement Code20232024
Operating income70/76A-€23.56M
Turnover70-€21.16M
Change in stocks of work in progress, finished goods and contracts in progress71-€1.36M
Own construction capitalised72-€756k
Other operating income74-€203k
Non-recurring operating income76A€1.36M€77k▼
Operating charges60/66A-€22.09M
Goods for resale, raw materials and consumables60-€13.78M
Purchases600/8-€13.19M
Change in stocks: decrease (increase)609-€584k
Services and other goods61-€2.74M
Remuneration, social security and pensions62€4.08M€3.74M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.14M€1.82M▲
Other operating charges640/8€76k€19k▼
Non-recurring operating charges66A€124k-
Gross operating margin9900€8.20M-
Operating profit (loss)9901€2.78M€1.47M▼
Financial income75/76B€16k€7k▼
Recurring financial income75€16k€7k▼
Income from current assets751-€1
Other financial income752/9-€7k
Financial charges65/66B€1.05M€1.17M▲
Recurring financial charges65€1.05M€1.17M▲
Debt charges650-€1.15M
Other financial charges652/9-€27k
Profit (loss) for the period before taxes9903€1.74M€301k▼
Transfer from deferred taxes780-€92k
Income taxes67/77€5k€5k▲
Taxes670/3-€5k
Profit (loss) for the period9904€1.74M€388k▼
Transfer from tax-exempt reserves789-€276k
Transfer to tax-exempt reserves689€1.27M-
Profit (loss) for the period to be appropriated9905€464k€663k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11.03M€-10.37M▲
Profit (loss) brought forward from the previous period14P€-11.49M€-11.03M▲
Social balance
Average headcount (FTE)908750.049.6▼

The notes to these accounts (93 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20202021202220232024Change
Operating income70/76A----€23.56M-
Turnover70€3.40M---€21.16M-
Change in stocks of work in progress, finished goods and contracts in progress71----€1.36M-
Own construction capitalised72----€756k-
Other operating income74----€203k-
Non-recurring operating income76A-€43k€32k€1.36M€77k▼ 94.3%
Operating charges60/66A----€22.09M-
Goods for resale, raw materials and consumables60----€13.78M-
Purchases600/8----€13.19M-
Change in stocks: decrease (increase)609----€584k-
Services and other goods61----€2.74M-
Remuneration, social security and pensions62-€2.34M€3.02M€4.08M€3.74M▼ 8.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€484k€490k€503k€1.14M€1.82M▲ 59.7%
Other operating charges640/8-€19k€22k€76k€19k▼ 75.3%
Non-recurring operating charges66A--€16k€124k--
Gross operating margin9900-€-301k€3.26M€8.20M--
Operating profit (loss)9901€-2.70M€-3.15M€-293k€2.78M€1.47M▼ 47.1%
Financial income75/76B-€3k€27k€16k€7k▼ 57.7%
Recurring financial income75€16k€3k€27k€16k€7k▼ 57.7%
Income from current assets751----€1-
Other financial income752/9----€7k-
Financial charges65/66B-€513k€687k€1.05M€1.17M▲ 11.9%
Recurring financial charges65€310k€513k€687k€1.05M€1.17M▲ 11.9%
Debt charges650€271k---€1.15M-
Other financial charges652/9----€27k-
Profit (loss) for the period before taxes9903€-3.00M€-3.66M€-953k€1.74M€301k▼ 82.7%
Transfer from deferred taxes780----€92k-
Income taxes67/77€5k€4k€4k€5k€5k▲ 14.2%
Taxes670/3----€5k-
Profit (loss) for the period9904€-3.00M€-3.66M€-957k€1.74M€388k▼ 77.7%
Transfer from tax-exempt reserves789----€276k-
Transfer to tax-exempt reserves689---€1.27M--
Profit (loss) for the period to be appropriated9905€-3.00M€-3.66M€-957k€464k€663k▲ 43.0%
Line20202021202220232024Change
Assets
Total assets20/58€9.34M€14.73M€17.43M€28.84M€26.65M▼ 7.6%
Fixed assets21/28€4.27M€4.18M€4.15M€8.04M€7.15M▼ 11.0%
Intangible fixed assets21€56k€73k€131k€201k€588k▲ 192%
Tangible fixed assets22/27€4.00M€3.81M€3.72M€7.81M€6.47M▼ 17.1%
Land and buildings22-€2.75M€2.55M€467k€467k=
Plant, machinery and equipment23-€380k€562k€6.68M€5.44M▼ 18.5%
Furniture and vehicles24-€31k€36k€40k€40k▼ 0.7%
Leasing and similar rights25-€653k€574k€617k€477k▼ 22.7%
Other tangible fixed assets26----€43k-
Financial fixed assets28€222k€291k€302k€30k€90k▲ 203%
Affiliated companies280/1----€89k-
Participating interests280----€89k-
Other financial fixed assets284/8----€1k-
Amounts receivable and cash guarantees285/8----€1k-
Current assets29/58€5.07M€10.55M€13.28M€20.81M€19.50M▼ 6.3%
Stocks and contracts in progress3€3.41M€8.59M€10.19M€13.45M€13.19M▼ 1.9%
Stocks30/36-€7.38M€9.12M€11.88M€11.30M▼ 4.9%
Raw materials and consumables30/31----€1.53M-
Goods purchased for resale34----€9.77M-
Contracts in progress37-€1.21M€1.08M€1.56M€1.89M▲ 20.8%
Amounts receivable within one year40/41€332k€1.24M€2.91M€4.23M€2.97M▼ 29.9%
Trade receivables40-€1.05M€2.57M€4.08M€2.03M▼ 50.3%
Other amounts receivable41-€193k€341k€155k€938k▲ 507%
Cash at bank and in hand54/58€459k€631k€96k€447k€2.76M▲ 517%
Deferred charges and accrued income490/1-€96k€75k€2.68M€585k▼ 78.2%
Equity and liabilities
Total equity and liabilities10/49€9.34M€14.73M€17.43M€28.84M€26.65M▼ 7.6%
Equity10/15€-560k€-4.22M€-5.18M€7.33M€7.40M▲ 0.9%
Contributions10/11-€4.16M€4.16M€16.22M€16.22M=
Revaluation surpluses12-€1.36M€1.28M---
Reserves13€706k€781k€857k€2.13M€1.54M▼ 27.9%
Non-distributable reserves130/1-€59k€59k€59k€59k=
Reserves not available under the articles1311-€59k€59k€59k€59k=
Tax-exempt reserves132-€38k€38k€1.31M€717k▼ 45.3%
Distributable reserves133-€685k€760k€760k€760k=
Profit (loss) carried forward14€-6.87M€-10.54M€-11.49M€-11.03M€-10.37M▲ 6.0%
Investment grants15-€15k€15k€15k€12k▼ 16.7%
Provisions and deferred taxes16----€227k-
Deferred taxes168----€227k-
Amounts payable17/49€9.90M€18.95M€22.61M€21.51M€19.02M▼ 11.6%
Amounts payable after more than one year17€4.58M€13.18M€13.10M€11.70M€13.71M▲ 17.2%
Financial debts170/4-€13.18M€13.10M€11.62M€13.12M▲ 12.9%
Leasing and similar obligations172----€225k-
Credit institutions173----€12.89M-
Other amounts payable178/9---€79k€593k▲ 648%
Amounts payable within one year42/48€5.23M€5.27M€8.57M€9.30M€4.92M▼ 47.1%
Current portion of amounts payable after more than one year42-€329k€308k€1.05M€1.35M▲ 29.1%
Financial debts43-€1.64M€1.73M€1.60M--
Credit institutions430/8-€1.64M€1.73M€1.60M--
Trade debts44€206k€846k€2.36M€2.17M€602k▼ 72.3%
Suppliers440/4-€846k€2.36M€2.17M€602k▼ 72.3%
Advances received on contracts in progress46-€1.30M€2.90M€3.37M€1.85M▼ 45.0%
Taxes, remuneration and social security45-€1.15M€1.27M€1.03M€1.12M▲ 9.0%
Taxes450/3-€128k€174k€234k€669k▲ 186%
Remuneration and social security454/9-€1.02M€1.10M€791k€449k▼ 43.3%
Other amounts payable47/48-€2k€5k€88k--
Accrued charges and deferred income492/3-€508k€934k€512k€385k▼ 24.8%
Line20202021202220232024Change
Profit (loss) for the period9904€-3.00M€-3.66M€-957k€1.74M€388k▼ 77.7%
+ Depreciation and write-downs630€484k€490k€503k€1.14M€1.82M▲ 59.7%
Operating cash flow (approximation)€-2.52M€-3.17M€-454k€2.88M€2.21M▼ 23.2%
Investment in fixed assets (approximation)-€-391k€-479k€-5.03M€-936k▲ 81.4%
Change in cash-€172k€-535k€351k€2.31M▲ 558%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
18-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
24-05
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Back to profitnet €1.74M
Net result €1.74M after 4 loss-making years.
31-12
Financial Equity above €5MEq €7.33M
Equity rises from €-5.18M to €7.33M.
22-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-10
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 76 days late
2021
31-12
Financial Weakest financial yearnet €-3.66M
Net result drops to €-3.66M, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity doublescurrent ratio 2.00
Current ratio from 0.97 to 2.00.
28-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
30-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
20-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
28-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
27-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts

We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
16 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, Nijlen · 1 establishment unit since 2003
seat establishment The establishment unit on the map
Ground area
4,748 m²
Building footprint
1,783 m²
Volume, LiDAR
14,110 m³
Parcel 12018A0253/00P004, Flanders · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Fortstraat(Kessel) 9C, 2560 Nijlen
NACE 2741007
since 20032.126.429.050
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12018A0253/00P004 Flanders 4,748 m² 1 · 1,783 m² 9.3 m · 3 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.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 3 entries · 5,522 EUR awarded · 5,424 EUR paid
Year Entries awardedpaid
2025 1 265 EUR167 EUR
2024 1 233 EUR5,257 EUR
2023 1 5,024 EUR0 EUR
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
3 entries · 5,522 EUR · 5,424 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Legal Entity Identifier

699400I3EZ4JAY6ASJ53
live in the LEI register

Similar companies · same sector, comparable size

Of 1,529 companies in sector 32123 we hold annual accounts for 225. 19 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
Founded04-02-2003
Fiscal year end31-12
Activities, NACEBEL 2025
32123Manufacture of jewellery

Scores and ratios are computed by Checked and are not a credit decision.