DAMAS CORP
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Brussels
- Declared bankrupt
- 1 July 2025
- Supervising judge
- Xavier Mertens
- Official Gazette
- 11-07-2025 (pdf) ↗search the document for 2025/130909
Deadlines
- Provisional date payments stopped
- 1 July 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 26 July 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 31 July 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 6 August 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 1 July 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Winny TirmarcheA. De Cockplein 9, 1831 Diegemwinny.tirmarche@dewaelpartners.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the On-demand passenger transport by chauffeured vehicle sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€36,162▲ 119%
2021 · €16,509
Total assets
€86,381▲ 51.6%
2021 · €56,967
Net result
€19,653▲ 647%
2021 · €2,630
Working capital
€45,117▲ 153%
2021 · €17,861
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 49, Land transport and transport via pipelines, 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result€14,654--€2,310€7,374€24,717▲ 235%
Net result€12,652--€6,272below the sector's middle half€2,630within the sector's middle half€19,653within the sector's middle half▲ 647%
Equity€20,152-€13,880within the sector's middle half▼ 31.1%€16,509within the sector's middle half▲ 18.9%€36,162within the sector's middle half▲ 119%
Total assets€66,334-€60,405within the sector's middle half▼ 8.9%€56,967within the sector's middle half▼ 5.7%€86,381within the sector's middle half▲ 51.6%
Debt€46,183-€46,525▲ 0.7%€40,458▼ 13.0%€50,219▲ 24.1%
Working capital€6,295-€7,627within the sector's middle half▲ 21.2%€17,861within the sector's middle half▲ 134%€45,117within the sector's middle half▲ 153%
Solvency30.4%-23.0%within the sector's middle half▼ 7.4pp29.0%within the sector's middle half▲ 6.0pp41.9%within the sector's middle half▲ 12.9pp
Current ratio1.72-1.53within the sector's middle half▼ 0.192.33within the sector's middle half▲ 0.802.59within the sector's middle half▲ 0.26
Return on assets (ROA)19.1%--10.4%below the sector's middle half▼ 29.5pp4.6%within the sector's middle half▲ 15.0pp22.8%above the sector's middle half▲ 18.1pp
Staff (FTE)0.4-0.2below the sector's middle half▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 235% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €86,381
Fixed assets
€12,920 ▼ 49.8%
Current assets
€73,461 ▲ 135%
Equity and liabilities €86,381
Equity
€36,162 ▲ 119%
Debt
€50,219 ▲ 24.1%
Debt's share of the balance-sheet total falls from 71.0% to 58.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37,517▲
2021 · €20,174
Cash flow
€32,453▲
2021 · €15,430
Debt to equity
1.39▼
2021 · 2.45
ROE
54.3%▲
2021 · 15.9%
Interest coverage
248.41▲
2021 · 10.56
Debt ≤ 1 year
€28,344▲
2021 · €13,386
Debt > 1 year
€21,875▼
2021 · €27,071
Income taxes
€4,913▲
2021 · €2,875
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €77,860 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,800 | €12,800 | €12,800 | €12,800 | = |
| Other operating charges640/8 | - | - | €899 | €2,294 | ▲ 155% |
| Non-recurring operating charges66A | - | - | €125 | - | - |
| Gross operating margin9900 | €48,835 | €17,748 | €21,197 | €39,811 | ▲ 87.8% |
| Operating profit (loss)9901 | €14,654 | -€2,310 | €7,374 | €24,717 | ▲ 235% |
| Financial income75/76B | - | - | €41 | - | - |
| Recurring financial income75 | €58 | €346 | €41 | - | - |
| Financial charges65/66B | - | - | €1,911 | €151 | ▼ 92.1% |
| Recurring financial charges65 | €2,060 | €4,308 | €1,911 | €151 | ▼ 92.1% |
| Profit (loss) for the period before taxes9903 | €12,652 | -€6,272 | €5,504 | €24,566 | ▲ 346% |
| Income taxes67/77 | - | - | €2,875 | €4,913 | ▲ 70.9% |
| Profit (loss) for the period9904 | €12,652 | -€6,272 | €2,630 | €19,653 | ▲ 647% |
| Profit (loss) for the period to be appropriated9905 | €12,652 | -€6,272 | €2,630 | €19,653 | ▲ 647% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €66,334 | €60,405 | €56,967 | €86,381 | ▲ 51.6% |
| Fixed assets21/28 | €51,320 | €38,520 | €25,720 | €12,920 | ▼ 49.8% |
| Tangible fixed assets22/27 | €51,200 | €38,400 | €25,600 | €12,800 | ▼ 50.0% |
| Furniture and vehicles24 | - | - | €4,000 | €2,000 | ▼ 50.0% |
| Leasing and similar rights25 | - | - | €21,600 | €10,800 | ▼ 50.0% |
| Financial fixed assets28 | €120 | €120 | €120 | €120 | = |
| Current assets29/58 | €15,014 | €21,885 | €31,247 | €73,461 | ▲ 135% |
| Amounts receivable within one year40/41 | €10,705 | €13,370 | €27,368 | €61,102 | ▲ 123% |
| Trade receivables40 | - | - | €10,790 | €20,874 | ▲ 93.5% |
| Other amounts receivable41 | - | - | €16,577 | €40,228 | ▲ 143% |
| Cash at bank and in hand54/58 | €2,984 | €8,181 | €3,283 | €11,763 | ▲ 258% |
| Deferred charges and accrued income490/1 | - | - | €596 | €596 | = |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €66,334 | €60,405 | €56,967 | €86,381 | ▲ 51.6% |
| Equity10/15 | €20,152 | €13,880 | €16,509 | €36,162 | ▲ 119% |
| Contributions10/11 | €7,500 | - | €7,500 | €7,500 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €10,792 | €4,520 | €7,149 | €26,802 | ▲ 275% |
| Amounts payable17/49 | €46,183 | €46,525 | €40,458 | €50,219 | ▲ 24.1% |
| Amounts payable after more than one year17 | €37,464 | €32,268 | €27,071 | €21,875 | ▼ 19.2% |
| Financial debts170/4 | - | - | €27,071 | €21,875 | ▼ 19.2% |
| Amounts payable within one year42/48 | €8,719 | €14,257 | €13,386 | €28,344 | ▲ 112% |
| Current portion of amounts payable after more than one year42 | - | - | €4,822 | €4,822 | = |
| Financial debts43 | - | - | - | €4 | - |
| Credit institutions430/8 | - | - | - | €4 | - |
| Trade debts44 | €4,031 | €8,999 | €8,417 | €18,338 | ▲ 118% |
| Suppliers440/4 | - | - | €8,417 | €18,338 | ▲ 118% |
| Taxes, remuneration and social security45 | - | - | €147 | €5,179 | ▲ 3,413% |
| Taxes450/3 | - | - | €147 | €5,179 | ▲ 3,413% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,652 | -€6,272 | €2,630 | €19,653 | ▲ 647% |
| + Depreciation and write-downs630 | €12,800 | €12,800 | €12,800 | €12,800 | = |
| Operating cash flow (approximation) | €25,452 | €6,528 | €15,430 | €32,453 | ▲ 110% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €5,198 | -€4,898 | €8,479 | ▲ 273% |
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
2026
20-04
KBO administration
Address struck
event 03-02-2026
2025
11-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 01-07-2025
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 423 days late
2022
31-12
Financial
Highest result since 2019net €19,653 ▲647%
Operating result €24,717, net result €19,653, both a record.
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 51 days late
2021
31-12
Financial
Back to profitnet €2,630
Net result €2,630 after one loss-making year.
24-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 85 days late
02-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 186 days late
2020
31-12
Financial
Weakest financial yearnet -€6,272
Net result drops to -€6,272, the lowest in the series.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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 10 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kraainem · 5 establishment units since 2018
Ground area
2.0 ha
Building footprint
2,459 m²
Volume, LiDAR
65,268 m³
6 parcels, Brussels, Flanders · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
963
companies at this address
See who is registered here
5 establishment units
HERAT 111
since 20182.271.179.972
herat114
since 20192.317.747.692
herat113
since 20192.317.747.001
herat111
since 20202.317.747.395
herat112
since 20202.317.748.088
6 parcels
Flanders
1
(16.7%)
Brussels
5
(83.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 21018A0021/00H000 | Brussels | 4,787 m² | 1 · 741 m² | 29.7 m · 9 fl. |
| 21017D0367/00Z002 | Brussels | 2,834 m² | 1 · 523 m² | 20.8 m · 5 fl. |
| 21612C0096/00L000 | Brussels | 609 m² | 1 · 112 m² | 13.4 m · 4 fl. |
| 21816C0010/00V014 | Brussels | 165 m² | 1 · 77 m² | 19.5 m · 5 fl. |
| 21816C0017/00C004 | Brussels | 141 m² | 1 · 141 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WINNY TIRMARCHE A. De Cockplein 9, 1831 Diegem |
01-07-2025 → present |
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Of 6,680 companies in this sector we hold annual accounts for 2,305. 1,950 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded03-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.