DAMAKO
ActiveSummary
DAMAKO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €113k and a net result of €9k. Equity is growing by ~29.2% per year across the filed fiscal years. Its solvency ranks better than 31% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▼-6
Solvency55▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 2.15 in 2024; short-term debt: 27.4% and cash: 19.2% of total assets), and 70% 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+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
30%
Return on assets
2.4%
Age of the figures
9 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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
14 d early
2023
5 d early
2022
19 d early
2021
11 d early
2020
9 d early
2019
24 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€113k▼ 25.1%
2024 · €152k
2018: €1klowest in 8 years
2019: €13k▲ +1121% vs 2018
2020: €20k▲ +50.1% vs 2019
2021: €62k▲ +209% vs 2020
2022: €107k▲ +74.2% vs 2021
2023: €135k▲ +25.7% vs 2022
2024: €152k▲ +12.5% vs 2023highest in 8 years
2025: €113k▼ -25.1% vs 2024
2018 → 2025
Total assets
€379k▼ 7.2%
2024 · €408k
2018: €111klowest in 8 years
2019: €112k▲ +0.9% vs 2018
2020: €130k▲ +16.6% vs 2019
2021: €159k▲ +22.2% vs 2020
2022: €201k▲ +26.6% vs 2021
2023: €449k▲ +123% vs 2022highest in 8 years
2024: €408k▼ -9.0% vs 2023
2025: €379k▼ -7.2% vs 2024
2018 → 2025
Net result
€9k▼ 50.3%
2024 · €19k
2018: €2klowest in 8 years
2019: €12k▲ +583% vs 2018
2020: €8k▼ -32.3% vs 2019
2021: €43k▲ +425% vs 2020
2022: €47k▲ +9.3% vs 2021highest in 8 years
2023: €29k▼ -38.2% vs 2022
2024: €19k▼ -36.5% vs 2023
2025: €9k▼ -50.3% vs 2024
2018 → 2025
Working capital
€8k▼ 88.9%
2024 · €71k
2018: €-6k
2019: €-6k▼ -0.1% vs 2018lowest in 8 years
2020: €-4k▲ +31.3% vs 2019
2021: €30k▲ +852% vs 2020
2022: €69k▲ +130% vs 2021
2023: €74k▲ +7.2% vs 2022highest in 8 years
2024: €71k▼ -4.2% vs 2023
2025: €8k▼ -88.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€107k▲ 74.2%€135k▲ 25.7%€152k▲ 12.5%€113k▼ 25.1%
2021: €62klowest in 5 years
2022: €107k▲ +74.2% vs 2021
2023: €135k▲ +25.7% vs 2022
2024: €152k▲ +12.5% vs 2023highest in 5 years
2025: €113k▼ -25.1% vs 2024
Operating result€61k-€70k▲ 14.8%€44k▼ 36.9%€39k▼ 12.6%€24k▼ 37.9%
2021: €61k
2022: €70k▲ +14.8% vs 2021highest in 5 years
2023: €44k▼ -36.9% vs 2022
2024: €39k▼ -12.6% vs 2023
2025: €24k▼ -37.9% vs 2024lowest in 5 years
Net result€43k-€47k▲ 9.3%€29k▼ 38.2%€19k▼ 36.5%€9k▼ 50.3%
2021: €43k
2022: €47k▲ +9.3% vs 2021highest in 5 years
2023: €29k▼ -38.2% vs 2022
2024: €19k▼ -36.5% vs 2023
2025: €9k▼ -50.3% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 38% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €379k
Fixed assets
€267k ▼ 3.2%
Current assets
€112k ▼ 15.7%
Equity and liabilities €379k
Equity
€113k ▼ 25.1%
Debt
€265k ▲ 3.3%
Debt's share of the balance-sheet total rises from 62.9% to 70.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€49k▼
2024 · €62k
Cash flow
€34k▼
2024 · €42k
Current ratio
1.08▼
2024 · 2.15
Debt to equity
2.34▲
2024 · 1.69
ROE
8.1%▼
2024 · 12.2%
ROA
2.4%▼
2024 · 4.5%
Interest coverage
4.97▼
2024 · 5.38
Debt ≤ 1 year
€104k▲
2024 · €62k
Debt > 1 year
€162k▼
2024 · €195k
Income taxes
€5k▼
2024 · €8k
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€408k€379k▼
Fixed assets21/28€276k€267k▼
Tangible fixed assets22/27€273k€264k▼
Land and buildings22€263k€242k▼
Plant, machinery and equipment23-€15k
Furniture and vehicles24€10k€8k▼
Financial fixed assets28€3k€3k=
Current assets29/58€132k€112k▼
Amounts receivable within one year40/41€37k€34k▼
Trade receivables40€33k€28k▼
Other amounts receivable41€5k€5k▲
Cash at bank and in hand54/58€91k€73k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€408k€379k▼
Equity10/15€152k€113k▼
Contributions10/11€11k€11k=
Reserves13€141k€103k▼
Distributable reserves133€141k€103k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€257k€265k▲
Amounts payable after more than one year17€195k€162k▼
Financial debts170/4€195k€162k▼
Amounts payable within one year42/48€62k€104k▲
Current portion of amounts payable after more than one year42€33k€34k▲
Trade debts44€0€2k▲
Suppliers440/4€0€2k▲
Taxes, remuneration and social security45€27k€24k▼
Taxes450/3€24k€24k▲
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€1k€44k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€25k▲
Other operating charges640/8€7k€7k▲
Gross operating margin9900€69k€56k▼
Operating profit (loss)9901€39k€24k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€12k€10k▼
Recurring financial charges65€12k€10k▼
Profit (loss) for the period before taxes9903€27k€14k▼
Income taxes67/77€8k€5k▼
Profit (loss) for the period9904€19k€9k▼
Profit (loss) for the period to be appropriated9905€19k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€9k▼
Transfer from equity791/2€194€46k▲
Transfer to equity691/2€17k€8k▼
To other reserves6921€17k€8k▼
Profit to be distributed694/7€2k€47k▲
Return on contributions (dividend)694€2k€47k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €8k | €35k | €24k | €25k | ▲ 6.4% |
| Other operating charges640/8 | €2k | €2k | €3k | €7k | €7k | ▲ 1.0% |
| Gross operating margin9900 | €70k | €79k | €83k | €69k | €56k | ▼ 18.8% |
| Operating profit (loss)9901 | €61k | €70k | €44k | €39k | €24k | ▼ 37.9% |
| Financial income75/76B | - | - | €0 | €0 | - | - |
| Recurring financial income75 | - | - | €0 | €0 | - | - |
| Financial charges65/66B | €4k | €4k | €3k | €12k | €10k | ▼ 14.5% |
| Recurring financial charges65 | €4k | €4k | €3k | €12k | €10k | ▼ 14.5% |
| Profit (loss) for the period before taxes9903 | €57k | €66k | €41k | €27k | €14k | ▼ 48.0% |
| Income taxes67/77 | €13k | €19k | €12k | €8k | €5k | ▼ 42.8% |
| Profit (loss) for the period9904 | €43k | €47k | €29k | €19k | €9k | ▼ 50.3% |
| Transfer from tax-exempt reserves789 | €2k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €45k | €47k | €29k | €19k | €9k | ▼ 50.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159k | €201k | €449k | €408k | €379k | ▼ 7.2% |
| Fixed assets21/28 | €88k | €81k | €289k | €276k | €267k | ▼ 3.2% |
| Tangible fixed assets22/27 | €85k | €78k | €286k | €273k | €264k | ▼ 3.2% |
| Land and buildings22 | €83k | €76k | €284k | €263k | €242k | ▼ 8.2% |
| Plant, machinery and equipment23 | - | - | - | - | €15k | - |
| Furniture and vehicles24 | €2k | €2k | €1k | €10k | €8k | ▼ 19.7% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €71k | €120k | €159k | €132k | €112k | ▼ 15.7% |
| Amounts receivable within one year40/41 | €54k | €109k | €43k | €37k | €34k | ▼ 9.6% |
| Trade receivables40 | €51k | €109k | €40k | €33k | €28k | ▼ 12.7% |
| Other amounts receivable41 | €3k | €512 | €3k | €5k | €5k | ▲ 12.6% |
| Cash at bank and in hand54/58 | €17k | €9k | €111k | €91k | €73k | ▼ 20.0% |
| Deferred charges and accrued income490/1 | - | €1k | €6k | €4k | €5k | ▲ 21.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159k | €201k | €449k | €408k | €379k | ▼ 7.2% |
| Equity10/15 | €62k | €107k | €135k | €152k | €113k | ▼ 25.1% |
| Contributions10/11 | €11k | €11k | €11k | €11k | €11k | = |
| Reserves13 | €51k | €96k | €124k | €141k | €103k | ▼ 27.0% |
| Distributable reserves133 | €51k | €96k | €124k | €141k | €103k | ▼ 27.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €97k | €94k | €314k | €257k | €265k | ▲ 3.3% |
| Amounts payable after more than one year17 | €57k | €43k | €229k | €195k | €162k | ▼ 17.2% |
| Financial debts170/4 | €57k | €43k | €229k | €195k | €162k | ▼ 17.2% |
| Amounts payable within one year42/48 | €41k | €51k | €85k | €62k | €104k | ▲ 68.7% |
| Current portion of amounts payable after more than one year42 | €13k | €13k | €32k | €33k | €34k | ▲ 1.1% |
| Financial debts43 | - | €3k | €0 | - | - | - |
| Other loans439 | - | €3k | €0 | - | - | - |
| Trade debts44 | €2k | €2k | €2k | €0 | €2k | - |
| Suppliers440/4 | €2k | €2k | €2k | €0 | €2k | - |
| Taxes, remuneration and social security45 | €25k | €32k | €20k | €27k | €24k | ▼ 9.4% |
| Taxes450/3 | €23k | €27k | €20k | €24k | €24k | ▲ 0.9% |
| Remuneration and social security454/9 | €3k | €5k | €0 | €3k | €0 | ▼ 100% |
| Other amounts payable47/48 | €1k | €1k | €31k | €1k | €44k | ▲ 3,134% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43k | €47k | €29k | €19k | €9k | ▼ 50.3% |
| + Depreciation and write-downs630 | €7k | €8k | €35k | €24k | €25k | ▲ 6.4% |
| Operating cash flow (approximation) | €51k | €55k | €64k | €42k | €34k | ▼ 18.5% |
| Investment in fixed assets (approximation) | - | €-886 | €-243k | €-10k | €-17k | ▼ 59.2% |
| Change in cash | - | €-8k | €102k | €-20k | €-18k | ▲ 9.0% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €152k ▲12.5%
7 profitable years in a row build equity to €152k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €47k ▲9.3%
Operating result €70k, net result €47k, both a record.
31-12
Financial
Equity above €100kEq €107k ▲74.2%
5 profitable years in a row build equity to €107k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Rijkevorsel · 1 establishment unit since 2002
Ground area
799 m²
Building footprint
128 m²
Volume, LiDAR
923 m³
Parcel 13037H0641/00E000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Banmolenweg 49, 2310 Rijkevorsel
since 20022.100.614.677
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13037H0641/00E000 | Flanders | 799 m² | 1 · 128 m² | 10.9 m · 2 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
Legal Entity Identifier
984500A86LN364F3OE32
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 8,761 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
Founded18-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
68121Development of residential building projects
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
46431Wholesale of electrical household appliances and audio-video equipment
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.