Dam 122
ActiveSummary
Dam 122 has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.6m and a net result of €819,451. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 60% of 4616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▼-4
Solvency76▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800,000 at 30 days acceptable
Liquidity ample (current ratio 6.68 against 3.25 in 2024; short-term debt: 4.5% and cash: 3.6% of total assets), and 49.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 2025Solvency, return and age of the figures
Solvency
50.7%
Return on assets
3.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
29 d late
2024
15 d late
2023
1 d early
2022
30 d late
2021
1 d late
2020
4 d early
2019
1 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 10 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 15 August (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
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#10 company by equity in Bruges, Real estate sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€819,451▼ 7.0%
2024 · €880,954
Working capital
€6.3m▲ 212%
2024 · €2.0m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€176,912▲ 8.4%€923,024▲ 422%€202,014▼ 78.1%€294,497▲ 45.8%€235,328▼ 20.1%
Net result€249,628above the sector's middle half▲ 14.7%€3.4mabove the sector's middle half▲ 1,260%€374,734above the sector's middle half▼ 89.0%€880,954above the sector's middle half▲ 135%€819,451above the sector's middle half▼ 7.0%
Equity€8.3mabove the sector's middle half▲ 22.1%€11.7mabove the sector's middle half▲ 40.7%€11.8mabove the sector's middle half▲ 0.2%€12.3mabove the sector's middle half▲ 4.1%€12.6mabove the sector's middle half▲ 2.6%
Total assets€12.5mabove the sector's middle half▲ 7.5%€20.7mabove the sector's middle half▲ 65.1%€20.3mabove the sector's middle half▼ 1.5%€20.7mabove the sector's middle half▲ 1.5%€24.8mabove the sector's middle half▲ 20.0%
Debt€3.9m▼ 13.8%€8.6m▲ 119%€8.3m▼ 3.7%€8.2m▼ 1.9%€12.0m▲ 46.8%
Working capital€202,566within the sector's middle half▼ 61.9%€1.1mabove the sector's middle half▲ 464%€1.1mabove the sector's middle half▼ 4.1%€2.0mabove the sector's middle half▲ 83.5%€6.3mabove the sector's middle half▲ 212%
Solvency66.7%above the sector's middle half▲ 8.0pp56.9%within the sector's middle half▼ 9.9pp57.8%within the sector's middle half▲ 1.0pp59.3%within the sector's middle half▲ 1.5pp50.7%within the sector's middle half▼ 8.6pp
Current ratio1.18within the sector's middle half▼ 0.162.29within the sector's middle half▲ 1.122.10within the sector's middle half▼ 0.203.25above the sector's middle half▲ 1.156.68above the sector's middle half▲ 3.43
Return on assets (ROA)2.0%within the sector's middle half▲ 0.1pp16.4%above the sector's middle half▲ 14.4pp1.8%within the sector's middle half▼ 14.6pp4.3%within the sector's middle half▲ 2.4pp3.3%within the sector's middle half▼ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24.8m
Fixed assets
€17.4m ▼ 1.9%
Current assets
€7.4m ▲ 154%
Equity and liabilities €24.8m
Equity
€12.6m ▲ 2.6%
Provisions
€224,166 ▼ 5.1%
Debt
€12.0m ▲ 46.8%
Debt's share of the balance-sheet total rises from 39.6% to 48.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€364,333▼
2024 · €423,501
Cash flow
€948,456▼
2024 · €1.0m
Debt to equity
0.95▲
2024 · 0.67
ROE
6.5%▼
2024 · 7.2%
Interest coverage
0.86▼
2024 · 1.18
Debt ≤ 1 year
€1.1m▲
2024 · €895,327
Debt > 1 year
€10.7m▲
2024 · €7.2m
Income taxes
€50,586▼
2024 · €67,257
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €367,294 | €1.6m | €927,373 | €1.1m | €1.2m | ▲ 8.3% |
| Other operating income74 | €367,294 | €986,312 | €927,373 | €1.1m | €1.2m | ▲ 8.3% |
| Non-recurring operating income76A | - | €589,495 | - | - | - | - |
| Operating charges60/66A | €190,382 | €652,782 | €725,359 | €852,317 | €1.0m | ▲ 18.2% |
| Services and other goods61 | €19,679 | €488,654 | €558,226 | €684,203 | €837,877 | ▲ 22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €139,495 | €130,360 | €130,149 | €129,004 | €129,005 | = |
| Other operating charges640/8 | €31,208 | €33,769 | €36,984 | €39,111 | €40,274 | ▲ 3.0% |
| Operating profit (loss)9901 | €176,912 | €923,024 | €202,014 | €294,497 | €235,328 | ▼ 20.1% |
| Financial income75/76B | €242,164 | €3.2m | €592,085 | €1.0m | €1.1m | ▲ 7.0% |
| Recurring financial income75 | €242,164 | €1.1m | €592,085 | €1.0m | €1.1m | ▲ 7.0% |
| Income from financial fixed assets750 | €177,574 | €808,570 | €300,000 | €725,000 | €710,557 | ▼ 2.0% |
| Income from current assets751 | €62,282 | €251,173 | €272,538 | €268,268 | €291,657 | ▲ 8.7% |
| Other financial income752/9 | €2,307 | €4,204 | €19,547 | €9,031 | €70,068 | ▲ 676% |
| Non-recurring financial income76B | - | €2.2m | - | - | - | - |
| Financial charges65/66B | €164,265 | €629,656 | €381,942 | €360,614 | €449,638 | ▲ 24.7% |
| Recurring financial charges65 | €164,265 | €629,656 | €381,942 | €360,614 | €449,638 | ▲ 24.7% |
| Debt charges650 | €156,451 | €326,144 | €375,869 | €360,286 | €425,179 | ▲ 18.0% |
| Other financial charges652/9 | €7,814 | €303,512 | €6,073 | €329 | €24,459 | ▲ 7,342% |
| Profit (loss) for the period before taxes9903 | €254,810 | €3.5m | €412,158 | €936,182 | €857,973 | ▼ 8.4% |
| Transfer from deferred taxes780 | €13,595 | €51,895 | €12,289 | €12,029 | €12,064 | ▲ 0.3% |
| Transfer to deferred taxes680 | - | €96,868 | - | - | - | - |
| Income taxes67/77 | €18,777 | €67,857 | €49,713 | €67,257 | €50,586 | ▼ 24.8% |
| Taxes670/3 | €31,884 | €81,877 | €49,713 | €67,257 | €50,586 | ▼ 24.8% |
| Tax adjustments and reversals of tax provisions77 | €13,107 | €14,019 | - | - | - | - |
| Profit (loss) for the period9904 | €249,628 | €3.4m | €374,734 | €880,954 | €819,451 | ▼ 7.0% |
| Transfer from tax-exempt reserves789 | €32,365 | €123,544 | €29,257 | €28,637 | €28,721 | ▲ 0.3% |
| Transfer to tax-exempt reserves689 | - | €290,604 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €281,993 | €3.2m | €403,991 | €909,591 | €848,172 | ▼ 6.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.5m | €20.7m | €20.3m | €20.7m | €24.8m | ▲ 20.0% |
| Fixed assets21/28 | €11.2m | €18.6m | €18.3m | €17.8m | €17.4m | ▼ 1.9% |
| Tangible fixed assets22/27 | €4.1m | €2.9m | €2.7m | €2.6m | €2.7m | ▲ 3.2% |
| Land and buildings22 | €3.9m | €2.8m | €2.7m | €2.5m | €2.4m | ▼ 4.5% |
| Plant, machinery and equipment23 | €100,080 | €85,428 | €70,777 | €56,126 | €41,475 | ▼ 26.1% |
| Furniture and vehicles24 | €2,500 | €1,145 | €0 | €0 | €0 | - |
| Assets under construction and advance payments27 | - | - | - | €27,350 | €239,387 | ▲ 775% |
| Financial fixed assets28 | €7.1m | €15.8m | €15.5m | €15.1m | €14.7m | ▼ 2.8% |
| Affiliated companies280/1 | €7.1m | €15.8m | €15.5m | €15.1m | €14.7m | ▼ 2.8% |
| Participating interests280 | €7.0m | €10.8m | €11.2m | €11.2m | €11.2m | = |
| Amounts receivable281 | €150,000 | €5.0m | €4.4m | €3.9m | €3.5m | ▼ 10.7% |
| Current assets29/58 | €1.4m | €2.0m | €2.1m | €2.9m | €7.4m | ▲ 154% |
| Amounts receivable within one year40/41 | €1.3m | €1.8m | €1.7m | €1.9m | €4.8m | ▲ 161% |
| Trade receivables40 | €31,162 | €84,720 | €37,704 | €191,787 | €214,505 | ▲ 11.8% |
| Other amounts receivable41 | €1.2m | €1.7m | €1.7m | €1.7m | €4.6m | ▲ 178% |
| Current investments50/53 | - | - | - | - | €1.5m | - |
| Other investments51/53 | - | - | - | - | €1.5m | - |
| Cash at bank and in hand54/58 | €76,352 | €47,500 | €120,999 | €705,688 | €902,854 | ▲ 27.9% |
| Deferred charges and accrued income490/1 | €4,027 | €203,389 | €234,094 | €342,172 | €135,759 | ▼ 60.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.5m | €20.7m | €20.3m | €20.7m | €24.8m | ▲ 20.0% |
| Equity10/15 | €8.3m | €11.7m | €11.8m | €12.3m | €12.6m | ▲ 2.6% |
| Contributions10/11 | €4.9m | €4.9m | €4.9m | €4.9m | €4.9m | = |
| Capital10 | €4.9m | €4.9m | €4.9m | €4.9m | €4.9m | = |
| Issued capital100 | €4.9m | €4.9m | €4.9m | €4.9m | €4.9m | = |
| Revaluation surpluses12 | €1.3m | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 1.2% |
| Reserves13 | €2.2m | €5.6m | €5.7m | €6.2m | €6.5m | ▲ 5.4% |
| Non-distributable reserves130/1 | €86,072 | €247,444 | €267,643 | €313,123 | €355,531 | ▲ 13.5% |
| Legal reserve130 | €86,072 | €247,444 | €267,643 | €313,123 | €355,531 | ▲ 13.5% |
| Tax-exempt reserves132 | €513,213 | €680,273 | €651,016 | €622,379 | €593,659 | ▼ 4.6% |
| Distributable reserves133 | €1.6m | €4.7m | €4.8m | €5.2m | €5.6m | ▲ 6.1% |
| Provisions and deferred taxes16 | €215,576 | €260,549 | €248,260 | €236,231 | €224,166 | ▼ 5.1% |
| Deferred taxes168 | €215,576 | €260,549 | €248,260 | €236,231 | €224,166 | ▼ 5.1% |
| Amounts payable17/49 | €3.9m | €8.6m | €8.3m | €8.2m | €12.0m | ▲ 46.8% |
| Amounts payable after more than one year17 | €2.7m | €7.7m | €7.2m | €7.2m | €10.7m | ▲ 49.5% |
| Financial debts170/4 | €2.7m | €7.7m | €7.2m | €7.2m | €10.7m | ▲ 49.6% |
| Subordinated loans170 | €617,000 | €2.5m | €1.5m | €1.5m | €1.5m | = |
| Unsubordinated bonds171 | €1.2m | €2.2m | €3.2m | €3.4m | €8.2m | ▲ 138% |
| Credit institutions173 | €855,407 | €3.0m | €2.5m | €2.2m | €1.0m | ▼ 54.1% |
| Other amounts payable178/9 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Amounts payable within one year42/48 | €1.2m | €883,990 | €999,091 | €895,327 | €1.1m | ▲ 23.4% |
| Current portion of amounts payable after more than one year42 | €183,327 | €383,300 | €325,678 | €314,286 | €314,286 | = |
| Financial debts43 | €520,166 | - | - | - | - | - |
| Credit institutions430/8 | €520,166 | - | - | - | - | - |
| Trade debts44 | €7,440 | €54,902 | €91,575 | €173,879 | €226,073 | ▲ 30.0% |
| Suppliers440/4 | €7,440 | €54,902 | €91,575 | €173,879 | €226,073 | ▲ 30.0% |
| Taxes, remuneration and social security45 | €47,060 | €33,937 | €55,984 | €4,603 | €64,690 | ▲ 1,305% |
| Taxes450/3 | €47,060 | €33,937 | €55,984 | €4,603 | €64,690 | ▲ 1,305% |
| Other amounts payable47/48 | €397,791 | €411,850 | €525,854 | €402,559 | €500,120 | ▲ 24.2% |
| Accrued charges and deferred income492/3 | €98,953 | €93,801 | €101,186 | €103,928 | €169,066 | ▲ 62.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €249,628 | €3.4m | €374,734 | €880,954 | €819,451 | ▼ 7.0% |
| + Depreciation and write-downs630 | €139,495 | €130,360 | €130,149 | €129,004 | €129,005 | = |
| Operating cash flow (approximation) | €389,123 | €3.5m | €504,884 | €1.0m | €948,456 | ▼ 6.1% |
| Investment in fixed assets (approximation) | - | -€7.6m | €243,805 | €371,073 | €211,387 | ▼ 43.0% |
| Change in cash | - | -€28,852 | €73,499 | €584,689 | €197,165 | ▼ 66.3% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 29 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 6.68
Current ratio from 3.25 to 6.68.
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated · 15 days late
15-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 15 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €3.4m ▲1,260%
Net result €3.4m, the highest in the series.
31-12
Financial
Equity above €10mEq €11.7m ▲40.7%
5 profitable years in a row build equity to €11.7m.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €206,850 ▼72.1%
Net result drops to €206,850, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2011
Ground area
5,498 m²
Building footprint
17 m²
Volume, LiDAR
69 m³
Parcel 31807I0459/00C010, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Dam 122
since 20112.200.528.241
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0459/00C010 | Flanders | 5,498 m² | 1 · 17 m² | 6.9 m · 1 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.
Structure & network
Owners and holdings
1 owner · 5 holdingsOwners 1
-
50%
Holdings 5
-
100%
- GLUECOM DEUTSCHLAND GMBHDEsubsidiarySourceown accounts 2025100%
-
100%
-
99.99%
-
99.99%
According to the 2025 annual accounts of Dam 122 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
69940037CB69304SHR36
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Company details
Identification
Legal formPublic limited company
Founded02-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0834188914
Registered
27-03-2026
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.