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DAMASCO

Bankruptcy
Private limited company (pre-2019)founded 2016Zuidstraat 49, 1000 Brussel, BelgiumKBO/BCE: BE 0656.695.938
Summary

The KBO register records for DAMASCO the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show negative equity (-€10,831) and a net result of €11,373.

DAMASCOBankruptcy

Are you a creditor?

Open bankruptcy Source: KBO register

The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.

The procedure

The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

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

1 signal.
+raises risk
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

DAMASCO was incorporated on 16 June 2016.1 Revenue grew from EUR 43,549 in 2018 to EUR 50,101 in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Turnover
€50,101▲ 15.0%
2018 · €43,549
EBIT margin
22.7%▲ 18.7pp
2018 · 4.0%
Net result
€11,373
2019 · -€11,124
Working capital
-€13,381▼ 40.6%
2019 · -€9,520
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line201820192021
Turnover€43,549-€50,101-
Operating result€1,760--€10,540€11,383-
Net result€197--€11,124€11,373-
EBIT margin4.0%-22.7%-
Equity€4,154--€6,970-€10,831-
Total assets€14,827-€11,308▼ 23.7%€23,234-
Debt€10,673-€18,278▲ 71.2%€34,064-
Working capital€1,604--€9,520-€13,381-
Staff (FTE)1.5
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2018: €1,760€1,760Net result 2018: €197€197Operating result 2019: -€10,540-€10,540Net result 2019: -€11,124-€11,124Operating result 2021: €11,383€11,383Net result 2021: €11,373€11,373201820192021-€20,000-€10,000€0€10,000Operating result 2018: €1,760€1,760Net result 2018: €197€197Operating result 2019: -€10,540-€10,500Net result 2019: -€11,124-€11,100Operating result 2021: €11,383€11,400Net result 2021: €11,373€11,400201820192021
The operating result is €11,383 in 2021, compared with -€10,540 in 2019. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2021 in colour, 2019 as the grey bar beneath
Assets €23,234
Fixed assets €2,550 =
Current assets €20,684 ▲ 136%
Equity and liabilities
Equity-€10,831
Debt€34,064
Equity is negative: debt (€34,064) exceeds the balance-sheet total (€23,234).
Key figures and ratios
2021 value · change against 2019
Solvency
-46.6%▲
2019 · -61.6%
Current ratio
0.61▲
2019 · 0.48
Quick ratio
0.58▲
2019 · 0.33
ROA
48.9%▲
2019 · -98.4%
Debt ≤ 1 year
€34,064▲
2019 · €18,278
Staff costs
€18,301
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2019 · 41 lines
Balance sheet Code20192021
Assets
Total assets20/58€11,308€23,234▲
Fixed assets21/28€2,550€2,550=
Financial fixed assets28€2,550€2,550=
Current assets29/58€8,758€20,684▲
Stocks and contracts in progress3€2,810€1,040▼
Stocks30/36-€1,040
Amounts receivable within one year40/41€3,197€4,065▲
Trade receivables40-€1,350
Other amounts receivable41-€2,715
Cash at bank and in hand54/58€2,750€15,579▲
Equity and liabilities
Total equity and liabilities10/49€11,308€23,234▲
Equity10/15-€6,970-€10,831▼
Contributions10/11€1,100€1,100=
Capital10-€1,100
Issued capital100-€1,100
Reserves13€143€143=
Non-distributable reserves130/1-€143
Legal reserve130-€143
Profit (loss) carried forward14-€8,213-€12,074▼
Amounts payable17/49€18,278€34,064▲
Amounts payable within one year42/48€18,278€34,064▲
Trade debts44€3,188€2,035▼
Suppliers440/4-€2,035
Taxes, remuneration and social security45-€14,045
Taxes450/3-€14,045
Other amounts payable47/48-€17,985
Income statement Code20192021
Turnover70-€50,101
Non-recurring operating income76A-€5,168
Goods, raw materials, services and sundry goods60/61-€23,398
Remuneration, social security and pensions62-€18,301
Other operating charges640/8-€2,187
Gross operating margin9900€20,587€31,871▲
Operating profit (loss)9901-€10,540€11,383▲
Recurring financial income75€56-
Financial charges65/66B-€10
Recurring financial charges65€641€10▼
Profit (loss) for the period before taxes9903-€11,124€11,373▲
Profit (loss) for the period9904-€11,124€11,373▲
Profit (loss) for the period to be appropriated9905-€11,124€11,373▲
Appropriation of the result
Profit (loss) to be appropriated9906--€12,074
Profit (loss) brought forward from the previous period14P--€23,446

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201820192021Change
Turnover70€43,549-€50,101-
Non-recurring operating income76A--€5,168-
Goods, raw materials, services and sundry goods60/61--€23,398-
Remuneration, social security and pensions62--€18,301-
Other operating charges640/8--€2,187-
Gross operating margin9900€18,802€20,587€31,871-
Operating profit (loss)9901€1,760-€10,540€11,383-
Recurring financial income75€145€56--
Financial charges65/66B--€10-
Recurring financial charges65€1,394€641€10-
Profit (loss) for the period before taxes9903€510-€11,124€11,373-
Income taxes67/77€313---
Profit (loss) for the period9904€197-€11,124€11,373-
Profit (loss) for the period to be appropriated9905€197-€11,124€11,373-
Line201820192021Change
Assets
Total assets20/58€14,827€11,308€23,234-
Fixed assets21/28€2,550€2,550€2,550-
Financial fixed assets28€2,550€2,550€2,550-
Current assets29/58€12,277€8,758€20,684-
Stocks and contracts in progress3€5,175€2,810€1,040-
Stocks30/36--€1,040-
Amounts receivable within one year40/41€4,153€3,197€4,065-
Trade receivables40--€1,350-
Other amounts receivable41--€2,715-
Current investments50/53€2,950---
Cash at bank and in hand54/58-€2,750€15,579-
Equity and liabilities
Total equity and liabilities10/49€14,827€11,308€23,234-
Equity10/15€4,154-€6,970-€10,831-
Contributions10/11€1,100€1,100€1,100-
Capital10--€1,100-
Issued capital100--€1,100-
Reserves13€143€143€143-
Non-distributable reserves130/1--€143-
Legal reserve130--€143-
Profit (loss) carried forward14€2,911-€8,213-€12,074-
Amounts payable17/49€10,673€18,278€34,064-
Amounts payable within one year42/48€10,673€18,278€34,064-
Trade debts44€1,402€3,188€2,035-
Suppliers440/4--€2,035-
Taxes, remuneration and social security45--€14,045-
Taxes450/3--€14,045-
Other amounts payable47/48--€17,985-
Line201820192021Change
Profit (loss) for the period9904€197-€11,124€11,373-
Operating cash flow (approximation)€197-€11,124€11,373-
Investment in fixed assets (approximation)-€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.

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Timeline · acts, filings and financial milestones

2023
03-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 368 days late
2021
31-12
Financial Back to profitnet €11,373
Net result €11,373 after one loss-making year.
29-03
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 241 days late
2019
31-12
Financial Weakest financial yearnet -€11,124
Net result drops to -€11,124, the lowest in the series.
25-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
29 m²
Building footprint
29 m²
Volume, LiDAR
470 m³
Parcel 21004A0569/00C000, Brussels · tallest building 18.3 m, ±6 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
DAMASCO
Zuidstraat 49, 1000 BrusselRetail sale of bread and pastry (bakery outlets)
since 20162.273.381.773
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21004A0569/00C000 Brussels 29 m² 1 · 29 m² 18.3 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.

Company details

Identification
Legal formPrivate limited company (pre-2019)
Founded16-06-2016
Fiscal year end31-12
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 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.