DAMI
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 19 filings
Turnover
≈ €1.1m
Estimated: probably between €680,000 and €1.9m
Total assets
€581,810▼ 8.1%
2024 · €633,202
Net result
€75,015▼ 30.1%
2024 · €107,360
Working capital
€229,632▲ 69.1%
2024 · €135,763
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€107,593
▼ 31.5%
2025
20182025
Net result
€75,015
▼ 30.1%
2025
middle half of the sector
20182025
Equity
€516,340
▲ 9.8%
2025
middle half of the sector
20182025
Total assets
€581,810
▼ 8.1%
2025
middle half of the sector
20182025
Debt
€65,470
▼ 59.8%
2025
20182025
Working capital
€229,632
▲ 69.1%
2025
middle half of the sector
20182025
Solvency
88.7%
▲ 14.5pp
2025
highest quarter of the sector
20182025
Current ratio
4.51
▲ 2.58
2025
highest quarter of the sector
20182025
Return on assets (ROA)
12.9%
▼ 4.1pp
2025
highest quarter of the sector
20182025
Staff (FTE)
6.7
▼ 13.0%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.05m-€0.05m▲ 5.5%€0.06m▲ 7.6%€0.06m▲ 6.1%€0.09m▲ 43.7%€0.1m▲ 39.8%€0.2m▲ 31.7%€0.1m▼ 31.5%
Net result€0.02m-€0.03m▲ 32.4%€0.04mwithin the sector's middle half▲ 36.2%€0.01mwithin the sector's middle half▼ 71.9%€0.06mwithin the sector's middle half▲ 445%€0.08mwithin the sector's middle half▲ 29.0%€0.1mwithin the sector's middle half▲ 37.8%€0.08mwithin the sector's middle half▼ 30.1%
Equity€0.4m-€0.4m▲ 6.9%€0.4mwithin the sector's middle half▲ 0.2%€0.3mwithin the sector's middle half▼ 33.2%€0.3mwithin the sector's middle half▲ 20.8%€0.4mwithin the sector's middle half▲ 12.7%€0.5mwithin the sector's middle half▲ 22.2%€0.5mwithin the sector's middle half▲ 9.8%
Total assets€0.9m-€1.0m▲ 8.2%€0.8mwithin the sector's middle half▼ 24.5%€0.7mwithin the sector's middle half▼ 13.7%€0.6mwithin the sector's middle half▼ 3.1%€0.5mwithin the sector's middle half▼ 14.2%€0.6mwithin the sector's middle half▲ 15.4%€0.6mwithin the sector's middle half▼ 8.1%
Debt€0.5m-€0.6m▲ 9.1%€0.3m▼ 43.5%€0.4m▲ 11.5%€0.3m▼ 20.8%€0.2m▼ 45.1%€0.2m▲ 0.7%€0.07m▼ 59.8%
Working capital€0.2m-€0.2m▲ 0.9%€0.2mwithin the sector's middle half▲ 9.7%€0.04mwithin the sector's middle half▼ 76.6%€0.1mwithin the sector's middle half▲ 196%€0.2mwithin the sector's middle half▲ 24.1%€0.1mwithin the sector's middle half▼ 16.0%€0.2mwithin the sector's middle half▲ 69.1%
Solvency42.2%-41.7%▼ 0.5pp55.4%within the sector's middle half▲ 13.7pp42.8%within the sector's middle half▼ 12.6pp53.4%within the sector's middle half▲ 10.6pp70.2%above the sector's middle half▲ 16.8pp74.3%above the sector's middle half▲ 4.1pp88.7%above the sector's middle half▲ 14.5pp
Current ratio1.44-1.41▼ 0.032.10within the sector's middle half▲ 0.691.17within the sector's middle half▼ 0.921.62within the sector's middle half▲ 0.452.46above the sector's middle half▲ 0.831.93within the sector's middle half▼ 0.534.51above the sector's middle half▲ 2.58
Return on assets (ROA)2.3%-2.9%▲ 0.5pp5.2%within the sector's middle half▲ 2.3pp1.7%within the sector's middle half▼ 3.5pp9.4%within the sector's middle half▲ 7.8pp14.2%above the sector's middle half▲ 4.8pp17.0%above the sector's middle half▲ 2.8pp12.9%above the sector's middle half▼ 4.1pp
Staff (FTE)8.9-8.3▼ 6.7%9.5within the sector's middle half▲ 14.5%9.2within the sector's middle half▼ 3.2%8.3within the sector's middle half▼ 9.8%7.3within the sector's middle half▼ 12.0%7.7within the sector's middle half▲ 5.5%6.7within the sector's middle half▼ 13.0%
above
within
below
The sector band is the middle half of the companies in Manufacture of food products (NACE 10). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 32% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €581,810
Fixed assets
€286,708 ▼ 18.3%
Current assets
€295,102 ▲ 4.5%
Equity and liabilities €581,810
Equity
€516,340 ▲ 9.8%
Debt
€65,470 ▼ 59.8%
Debt's share of the balance-sheet total falls from 25.7% to 11.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€186,643▼
2024 · €223,650
Cash flow
€154,065▼
2024 · €173,938
Quick ratio
3.70▲
2024 · 1.67
Debt to equity
0.13▼
2024 · 0.35
ROE
14.5%▼
2024 · 22.8%
Interest coverage
67.67▲
2024 · 59.79
Debt ≤ 1 year
€65,470▼
2024 · €146,530
Income taxes
€29,841▼
2024 · €47,884
Staff costs
€284,977▼
2024 · €295,361
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 13 | 14 | 11 | 10 | 8 |
| full-time | 1 | 1 | 2 | 3 | 2 |
| part-time | 12 | 13 | 9 | 7 | 6 |
| in full-time equivalents | 7.5 | 8.5 | 6.8 | 7.6 | 6.1 |
| Average over the year, in full-time equivalents | 9.2 | 8.3 | 7.3 | 7.7 | 6.7 |
| On a permanent contract | 6 | 8 | 6 | 7 | 7 |
| Joined | 3 | 5 | 10 | 9 | 6 |
| Left | 5 | 4 | 8 | 7 | 8 |
| Training hours | - | - | - | - | 6 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €161,588 | €115,958 | €82,595 | €48,150 | €16,275 |
| Mortgages, amount registered | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 |
| Carrying value of the mortgaged assets | €165,413 | €114,387 | €146,134 | €140,967 | €137,198 |
| Pledge on the business | €300,000 | €300,000 | €300,000 | €300,000 | - |
| Carrying value of the other pledged assets | €221,859 | €208,352 | €148,980 | €248,296 | €202,107 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €79,666 | €23,809 | €36,245 | €146,517 | €15,612 |
| Depreciation and write-downs of the year | €102,351 | €83,305 | €61,063 | €66,578 | €79,050 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €823 awarded · €823 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €500 | €1,250 | - | €5,502 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €258,372 | €275,515 | €281,207 | €295,361 | €284,977 | ▼ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €158,562 | €164,802 | €105,916 | €102,351 | €83,305 | €61,063 | €66,578 | €79,050 | ▲ 18.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €1,069 | -€1,069 | - | - |
| Other operating charges640/8 | - | - | - | €3,956 | €4,130 | €3,849 | €4,218 | €4,057 | ▼ 3.8% |
| Non-recurring operating charges66A | - | - | - | €1,003 | €2,875 | - | €43 | €113 | ▲ 162% |
| Gross operating margin9900 | €480,680 | €518,600 | €483,769 | €425,050 | €451,143 | €466,466 | €522,203 | €475,790 | ▼ 8.9% |
| Operating profit (loss)9901 | €49,273 | €51,970 | €55,931 | €59,368 | €85,318 | €119,279 | €157,072 | €107,593 | ▼ 31.5% |
| Financial income75/76B | - | - | - | €4 | €454 | €13 | €21 | €22 | ▲ 2.3% |
| Recurring financial income75 | €1 | €2 | €112 | €4 | €454 | €13 | €21 | €22 | ▲ 2.3% |
| Financial charges65/66B | - | - | - | €10,041 | €9,465 | €7,628 | €3,741 | €2,758 | ▼ 26.3% |
| Recurring financial charges65 | €20,589 | €19,918 | €7,744 | €10,041 | €9,465 | €7,628 | €3,741 | €2,758 | ▼ 26.3% |
| Profit (loss) for the period before taxes9903 | €28,685 | €32,054 | €48,299 | €49,332 | €76,307 | €111,665 | €153,352 | €104,856 | ▼ 31.6% |
| Transfer from deferred taxes780 | - | - | - | €1,892 | €1,892 | €1,892 | €1,892 | - | - |
| Income taxes67/77 | €6,780 | €3,047 | €1,228 | €40,142 | €17,793 | €35,644 | €47,884 | €29,841 | ▼ 37.7% |
| Profit (loss) for the period9904 | €21,905 | €29,007 | €39,505 | €11,082 | €60,406 | €77,913 | €107,360 | €75,015 | ▼ 30.1% |
| Transfer from tax-exempt reserves789 | - | - | - | €138,816 | €7,566 | €7,566 | €7,566 | - | - |
| Profit (loss) for the period to be appropriated9905 | €21,905 | €29,007 | €9,239 | €149,898 | €67,972 | €85,479 | €114,926 | €75,015 | ▼ 34.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €1.0m | €0.8m | €0.7m | €0.6m | €0.5m | €0.6m | €0.6m | ▼ 8.1% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.4m | €0.3m | ▼ 18.3% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.4m | €0.3m | ▼ 18.3% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 2.7% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.1m | €0.09m | €0.08m | €0.06m | ▼ 32.7% |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.04m | €0.04m | €0.1m | €0.09m | ▼ 26.3% |
| Current assets29/58 | €0.6m | €0.6m | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 4.5% |
| Stocks and contracts in progress3 | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.04m | €0.05m | ▲ 40.2% |
| Stocks30/36 | - | - | - | €0.02m | €0.02m | €0.02m | €0.04m | €0.05m | ▲ 40.2% |
| Amounts receivable within one year40/41 | €0.04m | €0.06m | €0.04m | €0.02m | €0.03m | €0.03m | €0.02m | €0.03m | ▲ 27.5% |
| Trade receivables40 | - | - | - | €0.007m | €0.01m | €0.02m | €0.006m | €0.01m | ▲ 71.8% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.01m | €0.01m | €0.02m | €0.02m | ▲ 11.9% |
| Cash at bank and in hand54/58 | €0.5m | €0.5m | €0.3m | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 14.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.006m | €0.03m | ▲ 346% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €1.0m | €0.8m | €0.7m | €0.6m | €0.5m | €0.6m | €0.6m | ▼ 8.1% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.4m | €0.5m | €0.5m | ▲ 9.8% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.4m | €0.5m | €0.5m | ▲ 10.2% |
| Non-distributable reserves130/1 | - | - | - | €0.004m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.004m | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.008m | - | - | - |
| Distributable reserves133 | - | - | - | €0.2m | €0.3m | €0.4m | €0.5m | €0.5m | ▲ 10.2% |
| Provisions and deferred taxes16 | - | - | €0.008m | €0.006m | €0.004m | €0.002m | - | - | - |
| Deferred taxes168 | - | - | - | €0.006m | €0.004m | €0.002m | - | - | - |
| Amounts payable17/49 | €0.5m | €0.6m | €0.3m | €0.4m | €0.3m | €0.2m | €0.2m | €0.07m | ▼ 59.8% |
| Amounts payable after more than one year17 | €0.1m | €0.2m | €0.2m | €0.1m | €0.08m | €0.05m | €0.02m | - | - |
| Financial debts170/4 | - | - | - | €0.1m | €0.08m | €0.05m | €0.02m | - | - |
| Amounts payable within one year42/48 | €0.4m | €0.4m | €0.2m | €0.3m | €0.2m | €0.1m | €0.1m | €0.07m | ▼ 55.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 48.9% |
| Trade debts44 | €0.05m | €0.04m | €0.05m | €0.009m | €0.02m | €0.01m | €0.03m | €0.006m | ▼ 80.1% |
| Suppliers440/4 | - | - | - | €0.009m | €0.02m | €0.01m | €0.03m | €0.006m | ▼ 80.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.06m | €0.06m | €0.08m | €0.04m | ▼ 50.2% |
| Taxes450/3 | - | - | - | €0.02m | €0.01m | €0.006m | €0.02m | €0.004m | ▼ 78.1% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.05m | €0.05m | €0.06m | €0.03m | ▼ 40.6% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.09m | €0.004m | €0.007m | €0.004m | ▼ 39.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0.003m | €0.003m | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,905 | €29,007 | €39,505 | €11,082 | €60,406 | €77,913 | €107,360 | €75,015 | ▼ 30.1% |
| + Depreciation and write-downs630 | €158,562 | €164,802 | €105,916 | €102,351 | €83,305 | €61,063 | €66,578 | €79,050 | ▲ 18.7% |
| Operating cash flow (approximation) | €180,468 | €193,809 | €145,421 | €113,432 | €143,711 | €138,975 | €173,938 | €154,065 | ▼ 11.4% |
| Investment in fixed assets (approximation) | - | -€205,026 | -€92,880 | -€61,516 | -€20,934 | -€36,245 | -€141,274 | -€14,849 | ▲ 89.5% |
| Change in cash | - | €2,804 | -€226,739 | -€48,185 | €35,431 | -€65,116 | €19,874 | -€30,410 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as DAMI has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DAMI itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for DAMI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-06-2026 | 2026-00185828 | |
| 31-12-2024 | abbreviated format | 19-06-2025 | 2025-00153588 | |
| 31-12-2023 | abbreviated format | 21-06-2024 | 2024-00147342 | |
| 31-12-2022 | abbreviated format | 28-06-2023 | 2023-00166161 | |
| 31-12-2021 | abbreviated format | 16-06-2022 | 2022-20066989 | |
| 31-12-2020 | abbreviated format | 08-07-2021 | 2021-33200424 | |
| 31-12-2019 | abbreviated format | 22-06-2020 | 2020-18900550 | |
| 31-12-2018 | abbreviated format | 16-07-2019 | 2019-33200185 | |
| 31-12-2017 | abbreviated format | 11-07-2018 | 2018-31500079 | |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-24400573 |