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DAMASE-DIFFUSION

Active
Non-profit associationfounded 2013active for 12 yearsKraanstraat 48, 1761 Roosdaal, BelgiumKBO/BCE: BE 0542.593.056
Summary

DAMASE-DIFFUSION has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21,091 and a net result of -€3,947. Its solvency ranks better than 57% of 464 sector peers (NACE 94, financial year 2024). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2024, micro format

2024 annual accounts filed late (61 days) Filed on 30 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00524663.

Equity
€21,091
Total assets
€29,606
Net result
-€3,947
Working capital
€21,091

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Equity and liabilities €29,606
Equity €21,091
Debt €8,515
Debt finances 28.8% of the balance-sheet total.
Key figures and ratios
2024 value
Current ratio
3.48
Quick ratio
0.14
Debt to equity
0.40
ROE
-18.7%
ROA
-13.3%
Debt ≤ 1 year
€8,515

Peer companies

Historical observation

Of the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88.1% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.0% went bankrupt
9.8% stopped otherwise
88.1% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: < 0.1% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 4,805 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
Filed annual accounts As filed with the NBB · 2024 · 26 lines
Balance sheet Code2024
Assets
Total assets20/58€29,606
Current assets29/58€29,606
Stocks and contracts in progress3€28,374
Stocks30/36€28,374
Amounts receivable within one year40/41€290
Other amounts receivable41€290
Cash at bank and in hand54/58€942
Equity and liabilities
Total equity and liabilities10/49€29,606
Equity10/15€21,091
Profit (loss) carried forward14€21,091
Amounts payable17/49€8,515
Amounts payable within one year42/48€8,515
Trade debts44€6,456
Suppliers440/4€6,456
Other amounts payable47/48€2,059
Income statement Code2024
Gross operating margin9900-€3,386
Operating profit (loss)9901-€3,386
Financial income75/76B€230
Recurring financial income75€230
Financial charges65/66B€791
Recurring financial charges65€791
Profit (loss) for the period before taxes9903-€3,947
Profit (loss) for the period9904-€3,947
Profit (loss) for the period to be appropriated9905-€3,947
Appropriation of the result
Profit (loss) to be appropriated9906€21,091
Profit (loss) brought forward from the previous period14P€25,038
Line2024
Gross operating margin9900-€3,386
Operating profit (loss)9901-€3,386
Financial income75/76B€230
Recurring financial income75€230
Financial charges65/66B€791
Recurring financial charges65€791
Profit (loss) for the period before taxes9903-€3,947
Profit (loss) for the period9904-€3,947
Profit (loss) for the period to be appropriated9905-€3,947
Line2024
Assets
Total assets20/58€29,606
Current assets29/58€29,606
Stocks and contracts in progress3€28,374
Stocks30/36€28,374
Amounts receivable within one year40/41€290
Other amounts receivable41€290
Cash at bank and in hand54/58€942
Equity and liabilities
Total equity and liabilities10/49€29,606
Equity10/15€21,091
Profit (loss) carried forward14€21,091
Amounts payable17/49€8,515
Amounts payable within one year42/48€8,515
Trade debts44€6,456
Suppliers440/4€6,456
Other amounts payable47/48€2,059
Line2024
Profit (loss) for the period9904-€3,947
Operating cash flow (approximation)-€3,947

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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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2024 micro format 30-09-2025 2025-00524663

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.