DAMARE
ActiveSummary
DAMARE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €336k and a net result of €6k. Equity is shrinking by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 13% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▼-32
Solvency32=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity short (current ratio 0.69 against 0.85 in 2024; short-term debt: 2.4% and cash: 0.6% of total assets), and 92.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
7.1%
Return on assets
0.1%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 8692 sector peers (2025).
NBB · sector comparisonPosition among 8692 sector peers
Solvency
better than 13%
← 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 24-12-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
10 d early
2023
15 d early
2022
20 d early
2021
3 d early
2020
3 d early
2019
39 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€336k▲ 1.7%
2024 · €331k
2019: €516k
2020: €527k▲ +2.1% vs 2019
2021: €529k▲ +0.4% vs 2020
2022: €550k▲ +3.9% vs 2021highest in 7 years
2023: €388k▼ -29.5% vs 2022
2024: €331k▼ -14.7% vs 2023lowest in 7 years
2025: €336k▲ +1.7% vs 2024
2019 → 2025
Total assets
€4.73M▼ 4.5%
2024 · €4.95M
2019: €3.52M
2020: €3.53M▲ +0.4% vs 2019
2021: €3.49M▼ -1.3% vs 2020lowest in 7 years
2022: €3.50M▲ +0.3% vs 2021
2023: €3.69M▲ +5.4% vs 2022
2024: €4.95M▲ +34.2% vs 2023highest in 7 years
2025: €4.73M▼ -4.5% vs 2024
2019 → 2025
Net result
€6k▼ 97.2%
2024 · €203k
2019: €400k
2020: €11k▼ -97.2% vs 2019
2021: €2k▼ -79.0% vs 2020lowest in 7 years
2022: €20k▲ +775% vs 2021
2023: €1.10M▲ +5304% vs 2022highest in 7 years
2024: €203k▼ -81.6% vs 2023
2025: €6k▼ -97.2% vs 2024
2019 → 2025
Working capital
€-36k▲ 7.4%
2024 · €-39k
2019: €-24k
2020: €-47k▼ -95.4% vs 2019
2021: €2k▲ +104% vs 2020
2022: €-85k▼ -4266% vs 2021lowest in 7 years
2023: €1.88M▲ +2310% vs 2022highest in 7 years
2024: €-39k▼ -102% vs 2023
2025: €-36k▲ +7.4% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€529k-€550k▲ 3.9%€388k▼ 29.5%€331k▼ 14.7%€336k▲ 1.7%
2021: €529k
2022: €550k▲ +3.9% vs 2021highest in 5 years
2023: €388k▼ -29.5% vs 2022
2024: €331k▼ -14.7% vs 2023lowest in 5 years
2025: €336k▲ +1.7% vs 2024
Operating result€78k-€27k▼ 65.2%€1.47M▲ 5,338%€280k▼ 81.0%€49k▼ 82.5%
2021: €78k
2022: €27k▼ -65.2% vs 2021lowest in 5 years
2023: €1.47M▲ +5338% vs 2022highest in 5 years
2024: €280k▼ -81.0% vs 2023
2025: €49k▼ -82.5% vs 2024
Net result€2k-€20k▲ 775%€1.10M▲ 5,304%€203k▼ 81.6%€6k▼ 97.2%
2021: €2klowest in 5 years
2022: €20k▲ +775% vs 2021
2023: €1.10M▲ +5304% vs 2022highest in 5 years
2024: €203k▼ -81.6% vs 2023
2025: €6k▼ -97.2% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 82% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.73M
Fixed assets
€4.65M ▼ 1.9%
Current assets
€80k ▼ 62.8%
Equity and liabilities €4.73M
Equity
€336k ▲ 1.7%
Provisions
€400k ▼ 4.4%
Debt
€3.99M ▼ 5.1%
Debt's share of the balance-sheet total falls from 84.9% to 84.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€156k▼
2024 · €437k
Cash flow
€113k▼
2024 · €359k
Current ratio
0.69▼
2024 · 0.85
Debt to equity
11.87▼
2024 · 12.72
ROE
1.7%▼
2024 · 61.4%
ROA
0.1%▼
2024 · 4.1%
Interest coverage
2.83▼
2024 · 14.37
Debt ≤ 1 year
€116k▼
2024 · €253k
Debt > 1 year
€3.88M▼
2024 · €3.95M
Income taxes
€7k▲
2024 · €157
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.95M€4.73M▼
Fixed assets21/28€4.74M€4.65M▼
Tangible fixed assets22/27€3.37M€3.28M▼
Land and buildings22€3.37M€3.28M▼
Furniture and vehicles24€2k-
Financial fixed assets28€1.37M€1.37M=
Current assets29/58€214k€80k▼
Amounts receivable within one year40/41€20k€49k▲
Trade receivables40€11k€34k▲
Other amounts receivable41€9k€15k▲
Cash at bank and in hand54/58€191k€29k▼
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€4.95M€4.73M▼
Equity10/15€331k€336k▲
Contributions10/11€19k€19k=
Reserves13€1.26M€1.20M▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€1.26M€1.20M▼
Profit (loss) carried forward14€-947k€-885k▲
Provisions and deferred taxes16€419k€400k▼
Deferred taxes168€419k€400k▼
Amounts payable17/49€4.21M€3.99M▼
Amounts payable after more than one year17€3.95M€3.88M▼
Financial debts170/4€3.95M€3.88M▼
Amounts payable within one year42/48€253k€116k▼
Current portion of amounts payable after more than one year42€48k€59k▲
Trade debts44€144k€17k▼
Suppliers440/4€144k€17k▼
Taxes, remuneration and social security45€2k€8k▲
Taxes450/3€2k€8k▲
Other amounts payable47/48€59k€31k▼
Income statement
Code20242025
Non-recurring operating income76A€304k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€156k€107k▼
Other operating charges640/8€10k€19k▲
Gross operating margin9900€447k€175k▼
Operating profit (loss)9901€280k€49k▼
Financial income75/76B€29k-
Recurring financial income75€29k-
Financial charges65/66B€30k€55k▲
Recurring financial charges65€30k€55k▲
Profit (loss) for the period before taxes9903€279k€-6k▼
Transfer from deferred taxes780-€19k
Transfer to deferred taxes680€76k-
Income taxes67/77€157€7k▲
Profit (loss) for the period9904€203k€6k▼
Transfer from tax-exempt reserves789-€56k
Transfer to tax-exempt reserves689€228k-
Profit (loss) for the period to be appropriated9905€-25k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-947k€-885k▲
Profit (loss) brought forward from the previous period14P€-922k€-947k▼
The notes to these accounts (13 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1.37M | €304k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2k | €4k | €156k | €107k | ▼ 31.4% |
| Other operating charges640/8 | - | €27k | €3k | €10k | €19k | ▲ 80.2% |
| Gross operating margin9900 | €92k | €56k | €1.48M | €447k | €175k | ▼ 60.8% |
| Operating profit (loss)9901 | €78k | €27k | €1.47M | €280k | €49k | ▼ 82.5% |
| Financial income75/76B | - | €0 | €498 | €29k | - | - |
| Recurring financial income75 | - | €0 | €498 | €29k | - | - |
| Financial charges65/66B | - | €39 | €24 | €30k | €55k | ▲ 81.9% |
| Recurring financial charges65 | €74k | €39 | €24 | €30k | €55k | ▲ 81.9% |
| Profit (loss) for the period before taxes9903 | €4k | €27k | €1.47M | €279k | €-6k | ▼ 102% |
| Transfer from deferred taxes780 | - | - | - | - | €19k | - |
| Transfer to deferred taxes680 | - | - | €343k | €76k | - | - |
| Income taxes67/77 | €2k | €7k | €27k | €157 | €7k | ▲ 4,190% |
| Profit (loss) for the period9904 | €2k | €20k | €1.10M | €203k | €6k | ▼ 97.2% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €56k | - |
| Transfer to tax-exempt reserves689 | - | - | €1.03M | €228k | - | - |
| Profit (loss) for the period to be appropriated9905 | €2k | €20k | €74k | €-25k | €62k | ▲ 345% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.49M | €3.50M | €3.69M | €4.95M | €4.73M | ▼ 4.5% |
| Fixed assets21/28 | €3.48M | €3.49M | €1.68M | €4.74M | €4.65M | ▼ 1.9% |
| Tangible fixed assets22/27 | €2.10M | €2.11M | €308k | €3.37M | €3.28M | ▼ 2.7% |
| Land and buildings22 | - | €2.10M | €302k | €3.37M | €3.28M | ▼ 2.7% |
| Furniture and vehicles24 | - | €9k | €6k | €2k | - | - |
| Financial fixed assets28 | €1.37M | €1.37M | €1.37M | €1.37M | €1.37M | = |
| Current assets29/58 | €12k | €14k | €2.01M | €214k | €80k | ▼ 62.8% |
| Amounts receivable within one year40/41 | €6k | - | €393k | €20k | €49k | ▲ 153% |
| Trade receivables40 | - | - | €10k | €11k | €34k | ▲ 212% |
| Other amounts receivable41 | - | - | €383k | €9k | €15k | ▲ 79.1% |
| Current investments50/53 | - | - | €1.60M | - | - | - |
| Cash at bank and in hand54/58 | €5k | €13k | €15k | €191k | €29k | ▼ 84.8% |
| Deferred charges and accrued income490/1 | - | €979 | €1k | €3k | €1k | ▼ 66.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.49M | €3.50M | €3.69M | €4.95M | €4.73M | ▼ 4.5% |
| Equity10/15 | €529k | €550k | €388k | €331k | €336k | ▲ 1.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Revaluation surpluses12 | - | €1.53M | €260k | - | - | - |
| Reserves13 | €2k | €2k | €1.03M | €1.26M | €1.20M | ▼ 4.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €87 | €1.03M | €1.26M | €1.20M | ▼ 4.4% |
| Profit (loss) carried forward14 | €-1.02M | €-996k | €-922k | €-947k | €-885k | ▲ 6.5% |
| Provisions and deferred taxes16 | - | - | €343k | €419k | €400k | ▼ 4.4% |
| Deferred taxes168 | - | - | €343k | €419k | €400k | ▼ 4.4% |
| Amounts payable17/49 | €2.96M | €2.95M | €2.96M | €4.21M | €3.99M | ▼ 5.1% |
| Amounts payable after more than one year17 | €2.95M | €2.85M | €2.84M | €3.95M | €3.88M | ▼ 1.9% |
| Financial debts170/4 | - | €2.85M | €2.84M | €3.95M | €3.88M | ▼ 1.9% |
| Other amounts payable178/9 | - | €750 | €750 | - | - | - |
| Amounts payable within one year42/48 | €10k | €99k | €125k | €253k | €116k | ▼ 54.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €48k | €59k | ▲ 22.2% |
| Trade debts44 | - | €12k | €3k | €144k | €17k | ▼ 87.9% |
| Suppliers440/4 | - | €12k | €3k | €144k | €17k | ▼ 87.9% |
| Taxes, remuneration and social security45 | - | €13k | €17k | €2k | €8k | ▲ 366% |
| Taxes450/3 | - | €13k | €17k | €2k | €8k | ▲ 366% |
| Other amounts payable47/48 | - | €74k | €104k | €59k | €31k | ▼ 46.7% |
| Accrued charges and deferred income492/3 | - | €700 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €20k | €1.10M | €203k | €6k | ▼ 97.2% |
| + Depreciation and write-downs630 | - | €2k | €4k | €156k | €107k | ▼ 31.4% |
| Operating cash flow (approximation) | €2k | €22k | €1.11M | €359k | €113k | ▼ 68.5% |
| Investment in fixed assets (approximation) | - | €-11k | €1.80M | €-3.22M | €-16k | ▲ 99.5% |
| Change in cash | - | €8k | €2k | €176k | €-162k | ▼ 192% |
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
10-07
State Gazette act
Legal-form change · RestructuringMerger · Share cancellation · Accounting effect11 facts ▸
State Gazette act
Legal-form change · Restructuring
Merger · Share cancellation · Accounting effect11 facts ▸
- General meeting, 15-06-2026
- Merger, absorption, 15-06-2026
- Share cancellation, holding of all shares
- Accounting effect, 01-01-2026
- Dissolution, 15-06-2026
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Power of attorney, Steven Vereycken
2025
24-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
21-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €1.10M ▲5,304%
Operating result €1.47M, net result €1.10M, both a record.
30-06
Financial
Liquidity times 114current ratio 16.13
Current ratio from 0.14 to 16.13.
11-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €2k ▼79%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity doublescurrent ratio 1.20
Current ratio from 0.55 to 1.20; short-term debt falls from €104k to €10k.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ranst · 1 establishment unit since 2009
Ground area
5,907 m²
Building footprint
2,194 m²
Volume, LiDAR
11,292 m³
Parcel 11031C0327/00K000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
DAMARE
since 20092.178.009.294
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11031C0327/00K000 | Flanders | 5,907 m² | 1 · 2,194 m² | 9.2 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.
Structure & network
Acquisitions and mergers
1 transactionTook over:ETS PLÉIN ET CIE
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 2,307 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 (pre-2019)
Founded26-03-2009
Fiscal year end30-06
Activities, NACEBEL 2025
70100Activities of head offices
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.