DAMAS & Co
ActiveSummary
DAMAS & Co has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€40,189) and a net result of -€1,344. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 542 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-11
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.16 against 0.2 in 2024; short-term debt: 616.6% and cash: 94.2% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-516.6%
Return on assets
-17.3%
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€40,189
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 10 filingsDeviation from the deadline
2025
6 d late
2024
29 d late
2023
30 d late
2022
30 d late
2021
1 d late
2020
31 d late
2019
24 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 22 days after the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% 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 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€40,189▼ 3.5%
2024 · -€38,845
Total assets
€7,780▼ 17.7%
2024 · €9,451
Net result
-€1,344▼ 36.5%
2024 · -€985
Working capital
-€40,189▼ 3.5%
2024 · -€38,845
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, 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
Line20212022202320242025
Operating result€2,736▲ 191%-€3,951-€3,316▲ 16.1%-€976▲ 70.6%-€1,325▼ 35.7%
Net result€2,701within the sector's middle half▲ 198%-€3,996below the sector's middle half-€3,342within the sector's middle half▲ 16.4%-€985within the sector's middle half▲ 70.5%-€1,344within the sector's middle half▼ 36.5%
Equity-€30,522below the sector's middle half▲ 8.1%-€34,518below the sector's middle half▼ 13.1%-€37,860below the sector's middle half▼ 9.7%-€38,845below the sector's middle half▼ 2.6%-€40,189below the sector's middle half▼ 3.5%
Total assets€18,195below the sector's middle half▲ 10.5%€13,400below the sector's middle half▼ 26.4%€10,420below the sector's middle half▼ 22.2%€9,451below the sector's middle half▼ 9.3%€7,780below the sector's middle half▼ 17.7%
Debt€48,717▼ 2.0%€47,918▼ 1.6%€48,280▲ 0.8%€48,296=€47,969▼ 0.7%
Working capital-€34,849below the sector's middle half▲ 12.2%-€36,682below the sector's middle half▼ 5.3%-€37,860below the sector's middle half▼ 3.2%-€38,845below the sector's middle half▼ 2.6%-€40,189below the sector's middle half▼ 3.5%
Solvency-167.7%below the sector's middle half▲ 34.0pp-257.6%below the sector's middle half▼ 89.9pp-363.3%below the sector's middle half▼ 105.7pp-411.0%below the sector's middle half▼ 47.7pp-516.6%below the sector's middle half▼ 105.6pp
Current ratio0.28below the sector's middle half▲ 0.080.23below the sector's middle half▼ 0.050.22below the sector's middle half▼ 0.020.20below the sector's middle half▼ 0.020.16below the sector's middle half▼ 0.03
Return on assets (ROA)14.8%within the sector's middle half▲ 9.3pp-29.8%below the sector's middle half▼ 44.7pp-32.1%below the sector's middle half▼ 2.2pp-10.4%below the sector's middle half▲ 21.6pp-17.3%below the sector's middle half▼ 6.9pp
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,325 in 2025 against €976 in 2024; the loss grows.
Key figures and ratios
Debt to equity
-1.19▲
2024 · -1.24
Debt ≤ 1 year
€47,969▼
2024 · €48,296
Income taxes
€13▼
2024 · €16
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,639 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,164 | €2,164 | €2,163 | - | - | - |
| Other operating charges640/8 | €392 | €392 | €384 | €441 | €444 | ▲ 0.6% |
| Gross operating margin9900 | €5,291 | -€1,396 | -€768 | -€535 | -€881 | ▼ 64.7% |
| Operating profit (loss)9901 | €2,736 | -€3,951 | -€3,316 | -€976 | -€1,325 | ▼ 35.7% |
| Financial income75/76B | - | - | - | €54 | €45 | ▼ 16.7% |
| Recurring financial income75 | - | - | - | €54 | €45 | ▼ 16.7% |
| Financial charges65/66B | €35 | €46 | €26 | €46 | €50 | ▲ 8.3% |
| Recurring financial charges65 | €35 | €46 | €26 | €46 | €50 | ▲ 8.3% |
| Profit (loss) for the period before taxes9903 | €2,701 | -€3,996 | -€3,342 | -€969 | -€1,331 | ▼ 37.3% |
| Income taxes67/77 | - | - | - | €16 | €13 | ▼ 16.7% |
| Profit (loss) for the period9904 | €2,701 | -€3,996 | -€3,342 | -€985 | -€1,344 | ▼ 36.5% |
| Profit (loss) for the period to be appropriated9905 | €2,701 | -€3,996 | -€3,342 | -€985 | -€1,344 | ▼ 36.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,195 | €13,400 | €10,420 | €9,451 | €7,780 | ▼ 17.7% |
| Fixed assets21/28 | €4,327 | €2,163 | - | - | - | - |
| Tangible fixed assets22/27 | €4,327 | €2,163 | - | - | - | - |
| Plant, machinery and equipment23 | €4,327 | €2,163 | - | - | - | - |
| Current assets29/58 | €13,868 | €11,236 | €10,420 | €9,451 | €7,780 | ▼ 17.7% |
| Amounts receivable within one year40/41 | €1,373 | €994 | €1,114 | €112 | €452 | ▲ 302% |
| Trade receivables40 | €702 | €123 | - | - | €154 | - |
| Other amounts receivable41 | €671 | €871 | €1,114 | €112 | €298 | ▲ 165% |
| Cash at bank and in hand54/58 | €12,496 | €10,242 | €9,306 | €9,338 | €7,328 | ▼ 21.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,195 | €13,400 | €10,420 | €9,451 | €7,780 | ▼ 17.7% |
| Equity10/15 | -€30,522 | -€34,518 | -€37,860 | -€38,845 | -€40,189 | ▼ 3.5% |
| Contributions10/11 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Capital10 | €24,789 | €24,789 | - | - | - | - |
| Issued capital100 | €24,789 | €24,789 | - | - | - | - |
| Outside capital11 | - | - | €24,789 | €24,789 | €24,789 | = |
| Other1109/19 | - | - | €24,789 | €24,789 | €24,789 | = |
| Profit (loss) carried forward14 | -€55,311 | -€59,308 | -€62,649 | -€63,634 | -€64,978 | ▼ 2.1% |
| Amounts payable17/49 | €48,717 | €47,918 | €48,280 | €48,296 | €47,969 | ▼ 0.7% |
| Amounts payable within one year42/48 | €48,717 | €47,918 | €48,280 | €48,296 | €47,969 | ▼ 0.7% |
| Trade debts44 | €242 | €416 | €445 | €461 | €133 | ▼ 71.0% |
| Suppliers440/4 | €242 | €416 | €445 | €461 | €133 | ▼ 71.0% |
| Other amounts payable47/48 | €48,475 | €47,502 | €47,835 | €47,835 | €47,835 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,701 | -€3,996 | -€3,342 | -€985 | -€1,344 | ▼ 36.5% |
| + Depreciation and write-downs630 | €2,164 | €2,164 | €2,163 | - | - | - |
| Operating cash flow (approximation) | €4,865 | -€1,833 | -€1,178 | -€985 | -€1,344 | ▼ 36.5% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | -€2,254 | -€936 | €32 | -€2,011 | ▼ 6,321% |
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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€3,996
Net result drops to -€3,996, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Highest result since 2018net €2,701 ▲198%
Operating result €2,736, net result €2,701, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €906
Net result €906 after 2 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
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, Braine-le-Comte · 1 establishment unit since 1992
Ground area
1,144 m²
Building footprint
248 m²
Parcel 55302C0142/00P003, Wallonia. Linked by address, not a title deed.
1 establishment unit
DATA MANAGEMENT SYSTEMS
since 19922.102.869.928
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55302C0142/00P003 | Wallonia | 1,144 m² | 1 · 248 m² | - |
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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,999 companies in sector 90120 we hold annual accounts for 213. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-08-1992
Fiscal year end31-12
Activities, NACEBEL 2025
90120Visual arts creation
62100Computer programming
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448058440
Registered
20-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.