DAMAC
ActiveSummary
DAMAC has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€122,626) and a net result of €16,894. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 17% of 391 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability53
Solvency18
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.22; short-term debt: 107.2% and cash: 0.4% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 2025Solvency, return and age of the figures
Solvency
-7.2%
Return on assets
1%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 391 sector peers (2025).
NBB · sector comparisonPosition among 391 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-12-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2023
209 d early
2022
28 d late
2021
29 d late
2020
30 d late
2019
8 d early
2018
28 d late
← 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 19 days before the deadline; the sector median for financial year 2023 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 employer in the province of Namur, Accommodation sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€16,894
2023 · -€694
Working capital
-€1.4m▼ 922%
2019 · -€138,583
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, 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
Line20202021202220232025
Operating result-€97▲ 78.5%-€65▲ 32.6%-€82▼ 26.2%-€694▼ 746%€38,498-
Net result-€97within the sector's middle half▲ 84.4%-€65within the sector's middle half▲ 32.6%-€82within the sector's middle half▼ 26.2%-€694within the sector's middle half▼ 746%€16,894within the sector's middle half-
Equity-€138,680below the sector's middle half▼ 0.1%-€138,745below the sector's middle half=-€138,827below the sector's middle half▼ 0.1%-€139,520below the sector's middle half▼ 0.5%-€122,626below the sector's middle half-
Total assets€1.7mwithin the sector's middle half-
Debt€138,680▼ 0.5%€138,745=€138,827▲ 0.1%€139,520▲ 0.5%€1.8m-
Working capital-€1.4mbelow the sector's middle half-
Solvency-7.2%below the sector's middle half-
Current ratio0.22below the sector's middle half-
Return on assets (ROA)1.0%within the sector's middle half-
Staff (FTE)54.1above the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result is €38,498 in 2025, compared with -€694 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
Assets €1.7m
Fixed assets
€1.3m
Current assets
€408,562
Key figures and ratios
EBITDA
€126,923
Cash flow
€105,319
Quick ratio
0.21
Debt to equity
-14.88▼
2023 · -1.00
Interest coverage
3.91
Debt ≤ 1 year
€1.8m▲
2023 · €139,520
Income taxes
€6,630
Staff costs
€2.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 133 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 95% are still going.
- Medium-sized
- negative equity
- a profit under 5% of the balance sheet
- without age
0%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 133 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €2.2m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €88,424 | - |
| Other operating charges640/8 | - | - | - | €50 | €13,286 | - |
| Gross operating margin9900 | -€97 | -€65 | -€82 | -€644 | €2.3m | - |
| Operating profit (loss)9901 | -€97 | -€65 | -€82 | -€694 | €38,498 | - |
| Financial income75/76B | - | - | - | - | €17,517 | - |
| Recurring financial income75 | - | - | - | - | €17,517 | - |
| Financial charges65/66B | - | - | - | - | €32,491 | - |
| Recurring financial charges65 | - | - | - | - | €32,491 | - |
| Profit (loss) for the period before taxes9903 | -€97 | -€65 | -€82 | -€694 | €23,524 | - |
| Income taxes67/77 | - | - | - | - | €6,630 | - |
| Profit (loss) for the period9904 | -€97 | -€65 | -€82 | -€694 | €16,894 | - |
| Profit (loss) for the period to be appropriated9905 | -€97 | -€65 | -€82 | -€694 | €16,894 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | - | - | - | - | €1.7m | - |
| Fixed assets21/28 | - | - | - | - | €1.3m | - |
| Tangible fixed assets22/27 | - | - | - | - | €787,750 | - |
| Land and buildings22 | - | - | - | - | €691,086 | - |
| Plant, machinery and equipment23 | - | - | - | - | €842 | - |
| Furniture and vehicles24 | - | - | - | - | €95,822 | - |
| Financial fixed assets28 | - | - | - | - | €506,197 | - |
| Current assets29/58 | - | - | - | - | €408,562 | - |
| Stocks and contracts in progress3 | - | - | - | - | €29,455 | - |
| Stocks30/36 | - | - | - | - | €29,455 | - |
| Amounts receivable within one year40/41 | - | - | - | - | €367,144 | - |
| Trade receivables40 | - | - | - | - | €65,348 | - |
| Other amounts receivable41 | - | - | - | - | €301,796 | - |
| Cash at bank and in hand54/58 | - | - | - | - | €7,414 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €4,549 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | - | - | - | - | €1.7m | - |
| Equity10/15 | -€138,680 | -€138,745 | -€138,827 | -€139,520 | -€122,626 | - |
| Contributions10/11 | - | €30,987 | €30,987 | €30,987 | €30,987 | - |
| Capital10 | - | - | - | €30,987 | €30,987 | - |
| Issued capital100 | - | - | - | €30,987 | €30,987 | - |
| Reserves13 | €45,747 | €45,747 | €45,747 | €45,747 | €45,747 | - |
| Distributable reserves133 | - | €45,747 | €45,747 | €45,747 | €45,747 | - |
| Profit (loss) carried forward14 | -€215,413 | -€215,478 | -€215,560 | -€216,254 | -€199,360 | - |
| Amounts payable17/49 | €138,680 | €138,745 | €138,827 | €139,520 | €1.8m | - |
| Amounts payable within one year42/48 | €138,680 | €138,745 | €138,827 | €139,520 | €1.8m | - |
| Financial debts43 | - | €159 | €159 | - | - | - |
| Credit institutions430/8 | - | €159 | €159 | - | - | - |
| Trade debts44 | €1,425 | €1,425 | €1,425 | - | €1.5m | - |
| Suppliers440/4 | - | - | - | - | €1.5m | - |
| Bills of exchange payable441 | - | €1,425 | €1,425 | - | - | - |
| Advances received on contracts in progress46 | - | €1,788 | €1,788 | - | €24,982 | - |
| Taxes, remuneration and social security45 | - | €473 | €473 | - | €305,321 | - |
| Taxes450/3 | - | €473 | €473 | - | €6,630 | - |
| Remuneration and social security454/9 | - | - | - | - | €298,691 | - |
| Other amounts payable47/48 | - | €134,900 | €134,982 | €139,520 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€97 | -€65 | -€82 | -€694 | €16,894 | - |
| + Depreciation and write-downs630 | - | - | - | - | €88,424 | - |
| Operating cash flow (approximation) | -€97 | -€65 | -€82 | -€694 | €105,319 | - |
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
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Back to profitnet €16,894
Net result €16,894 after 5 loss-making years.
2024
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€694
Net result drops to -€694, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 16 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Namur · 1 establishment unit since 1992
Ground area
417 m²
Building footprint
162 m²
Volume, LiDAR
2,822 m³
Parcel 92094C0537/00E000, Wallonia · tallest building 20.7 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Tanneries 13, 5000 Namur
since 19922.057.479.569
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C0537/00E000 | Wallonia | 417 m² | 1 · 162 m² | 20.7 m · 6 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 siteNamur2.057.479.569
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Of 2,393 companies in sector 55100 we hold annual accounts for 1,517. 517 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-04-1992
Fiscal year end30-06
Activities, NACEBEL 2025
55100Hotels and similar accommodation
56112Limited-service restaurants, excluding mobile food services
56111Full-service restaurants
56210Event catering
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447043207
Also
9925:BE0447043207
Registered
31-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.