DAMIEN BINET
ActiveSummary
DAMIEN BINET has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €130k and a net result of €3k. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 411 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability54▼-10
Solvency62▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 4.27 against 2.31 in 2023; short-term debt: 12.5% and cash: 0.2% of total assets), but 63.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 02
Relative position
BE, all sectors
reference
Forestry and logging (NACE 02)
about 55% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
36.5%
Return on assets
0.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
30 d late
2022
24 d late
2021
29 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€130k▲ 2.5%
2023 · €127k
2018: €43klowest in 7 years
2019: €46k▲ +8.6% vs 2018
2020: €60k▲ +29.3% vs 2019
2021: €76k▲ +27.1% vs 2020
2022: €139k▲ +82.2% vs 2021highest in 7 years
2023: €127k▼ -8.8% vs 2022
2024: €130k▲ +2.5% vs 2023
2018 → 2024
Total assets
€356k▼ 17.7%
2023 · €432k
2018: €375k
2019: €428k▲ +13.9% vs 2018
2020: €452k▲ +5.7% vs 2019
2021: €477k▲ +5.4% vs 2020highest in 7 years
2022: €447k▼ -6.2% vs 2021
2023: €432k▼ -3.4% vs 2022
2024: €356k▼ -17.7% vs 2023lowest in 7 years
2018 → 2024
Net result
€3k
2023 · €-12k
2018: €12k
2019: €4k▼ -70.1% vs 2018
2020: €14k▲ +269% vs 2019
2021: €16k▲ +19.5% vs 2020
2022: €63k▲ +285% vs 2021highest in 7 years
2023: €-12k▼ -119% vs 2022lowest in 7 years
2024: €3k▲ +126% vs 2023
2018 → 2024
Working capital
€145k▲ 8.0%
2023 · €134k
2018: €39k
2019: €14k▼ -64.7% vs 2018lowest in 7 years
2020: €70k▲ +399% vs 2019
2021: €72k▲ +3.9% vs 2020
2022: €142k▲ +96.8% vs 2021
2023: €134k▼ -5.6% vs 2022
2024: €145k▲ +8.0% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€60k-€76k▲ 27.1%€139k▲ 82.2%€127k▼ 8.8%€130k▲ 2.5%
2020: €60klowest in 5 years
2021: €76k▲ +27.1% vs 2020
2022: €139k▲ +82.2% vs 2021highest in 5 years
2023: €127k▼ -8.8% vs 2022
2024: €130k▲ +2.5% vs 2023
Operating result€21k-€27k▲ 26.4%€91k▲ 242%€-7k€783
2020: €21k
2021: €27k▲ +26.4% vs 2020
2022: €91k▲ +242% vs 2021highest in 5 years
2023: €-7k▼ -108% vs 2022lowest in 5 years
2024: €783▲ +111% vs 2023
Net result€14k-€16k▲ 19.5%€63k▲ 285%€-12k€3k
2020: €14k
2021: €16k▲ +19.5% vs 2020
2022: €63k▲ +285% vs 2021highest in 5 years
2023: €-12k▼ -119% vs 2022lowest in 5 years
2024: €3k▲ +126% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €783 after a loss of €7k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €356k
Fixed assets
€166k ▼ 14.8%
Current assets
€190k ▼ 20.0%
Equity and liabilities €356k
Equity
€130k ▲ 2.5%
Provisions
€15k =
Debt
€211k ▼ 27.3%
Debt's share of the balance-sheet total falls from 67.2% to 59.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▲
2023 · €33k
Cash flow
€37k▲
2023 · €27k
Current ratio
4.27▲
2023 · 2.31
Quick ratio
3.48▲
2023 · 1.96
Debt to equity
1.62▼
2023 · 2.29
ROE
2.4%▲
2023 · -9.6%
ROA
0.9%▲
2023 · -2.8%
Interest coverage
4.08▼
2023 · 5.86
Debt ≤ 1 year
€44k▼
2023 · €103k
Debt > 1 year
€166k▼
2023 · €188k
Income taxes
€3k▲
2023 · €931
Staff costs
€31k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€432k€356k▼
Fixed assets21/28€195k€166k▼
Tangible fixed assets22/27€194k€166k▼
Land and buildings22€157k€156k▼
Plant, machinery and equipment23€29k€10k▼
Furniture and vehicles24€9k-
Financial fixed assets28€200€200=
Current assets29/58€237k€190k▼
Stocks and contracts in progress3€36k€35k▼
Stocks30/36€36k€35k▼
Amounts receivable within one year40/41€115k€149k▲
Trade receivables40€65k€30k▼
Other amounts receivable41€50k€119k▲
Current investments50/53€72k€5k▼
Cash at bank and in hand54/58€15k€605▼
Equity and liabilities
Total equity and liabilities10/49€432k€356k▼
Equity10/15€127k€130k▲
Contributions10/11€19k€19k=
Reserves13€61k€61k=
Tax-exempt reserves132€59k€59k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€47k€50k▲
Provisions and deferred taxes16€15k€15k=
Deferred taxes168€15k€15k=
Amounts payable17/49€290k€211k▼
Amounts payable after more than one year17€188k€166k▼
Financial debts170/4€188k€166k▼
Amounts payable within one year42/48€103k€44k▼
Current portion of amounts payable after more than one year42€34k€24k▼
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€66k€12k▼
Suppliers440/4€66k€12k▼
Taxes, remuneration and social security45€3k€6k▲
Taxes450/3€2k€2k▼
Remuneration and social security454/9€629€5k▲
Income statement
Code20232024
Remuneration, social security and pensions62€2k€31k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€34k▼
Other operating charges640/8€3k€7k▲
Gross operating margin9900€38k€72k▲
Operating profit (loss)9901€-7k€783▲
Financial income75/76B€1k€14k▲
Recurring financial income75€1k€14k▲
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€-11k€7k▲
Income taxes67/77€931€3k▲
Profit (loss) for the period9904€-12k€3k▲
Profit (loss) for the period to be appropriated9905€-12k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€50k▲
Profit (loss) brought forward from the previous period14P€59k€47k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €9k | €5k | €2k | €31k | ▲ 1,652% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €32k | €38k | €40k | €34k | ▼ 14.8% |
| Other operating charges640/8 | - | €10k | €12k | €3k | €7k | ▲ 87.4% |
| Gross operating margin9900 | €82k | €78k | €147k | €38k | €72k | ▲ 89.9% |
| Operating profit (loss)9901 | €21k | €27k | €91k | €-7k | €783 | ▲ 111% |
| Financial income75/76B | - | €100 | €1 | €1k | €14k | ▲ 1,005% |
| Recurring financial income75 | €0 | €100 | €1 | €1k | €14k | ▲ 1,005% |
| Financial charges65/66B | - | €3k | €10k | €6k | €8k | ▲ 51.7% |
| Recurring financial charges65 | €8k | €3k | €10k | €6k | €8k | ▲ 51.7% |
| Profit (loss) for the period before taxes9903 | €14k | €23k | €81k | €-11k | €7k | ▲ 158% |
| Transfer to deferred taxes680 | - | - | €15k | - | - | - |
| Income taxes67/77 | - | €7k | €4k | €931 | €3k | ▲ 264% |
| Profit (loss) for the period9904 | €14k | €16k | €63k | €-12k | €3k | ▲ 126% |
| Transfer to tax-exempt reserves689 | - | - | €59k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €14k | €16k | €3k | €-12k | €3k | ▲ 126% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €452k | €477k | €447k | €432k | €356k | ▼ 17.7% |
| Fixed assets21/28 | €334k | €338k | €231k | €195k | €166k | ▼ 14.8% |
| Tangible fixed assets22/27 | €334k | €338k | €231k | €194k | €166k | ▼ 14.8% |
| Land and buildings22 | - | €244k | €163k | €157k | €156k | ▼ 0.6% |
| Plant, machinery and equipment23 | - | €57k | €45k | €29k | €10k | ▼ 65.5% |
| Furniture and vehicles24 | - | €37k | €23k | €9k | - | - |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €118k | €138k | €216k | €237k | €190k | ▼ 20.0% |
| Stocks and contracts in progress3 | €11k | - | €25k | €36k | €35k | ▼ 2.8% |
| Stocks30/36 | - | - | €25k | €36k | €35k | ▼ 2.8% |
| Amounts receivable within one year40/41 | €23k | €5k | €64k | €115k | €149k | ▲ 29.9% |
| Trade receivables40 | - | €5k | €64k | €65k | €30k | ▼ 53.2% |
| Other amounts receivable41 | - | - | €358 | €50k | €119k | ▲ 136% |
| Current investments50/53 | €60k | €64k | €68k | €72k | €5k | ▼ 93.5% |
| Cash at bank and in hand54/58 | €23k | €69k | €59k | €15k | €605 | ▼ 95.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €452k | €477k | €447k | €432k | €356k | ▼ 17.7% |
| Equity10/15 | €60k | €76k | €139k | €127k | €130k | ▲ 2.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €61k | €61k | €61k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | - | €59k | €59k | €59k | = |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €39k | €56k | €59k | €47k | €50k | ▲ 6.7% |
| Provisions and deferred taxes16 | - | - | €15k | €15k | €15k | = |
| Deferred taxes168 | - | - | €15k | €15k | €15k | = |
| Amounts payable17/49 | €392k | €400k | €293k | €290k | €211k | ▼ 27.3% |
| Amounts payable after more than one year17 | €344k | €335k | €220k | €188k | €166k | ▼ 11.2% |
| Financial debts170/4 | - | €335k | €220k | €188k | €166k | ▼ 11.2% |
| Amounts payable within one year42/48 | €48k | €66k | €73k | €103k | €44k | ▼ 56.7% |
| Current portion of amounts payable after more than one year42 | - | €28k | €35k | €34k | €24k | ▼ 30.9% |
| Financial debts43 | - | - | - | - | €2k | - |
| Credit institutions430/8 | - | - | - | - | €2k | - |
| Trade debts44 | €1k | €5k | €31k | €66k | €12k | ▼ 81.5% |
| Suppliers440/4 | - | €5k | €31k | €66k | €12k | ▼ 81.5% |
| Taxes, remuneration and social security45 | - | €19k | €4k | €3k | €6k | ▲ 133% |
| Taxes450/3 | - | €17k | €4k | €2k | €2k | ▼ 17.2% |
| Remuneration and social security454/9 | - | €2k | €439 | €629 | €5k | ▲ 619% |
| Other amounts payable47/48 | - | €14k | €3k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €16k | €63k | €-12k | €3k | ▲ 126% |
| + Depreciation and write-downs630 | €29k | €32k | €38k | €40k | €34k | ▼ 14.8% |
| Operating cash flow (approximation) | €42k | €48k | €101k | €27k | €37k | ▲ 34.3% |
| Investment in fixed assets (approximation) | - | €-36k | €69k | €-3k | €-5k | ▼ 65.7% |
| Change in cash | - | €46k | €-10k | €-44k | €-14k | ▲ 68.4% |
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
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Highest result since 2018net €63k ▲285%
Operating result €91k, net result €63k, both a record.
31-12
Financial
Equity above €100kEq €139k ▲82.2%
5 profitable years in a row build equity to €139k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 2.44
Current ratio from 1.19 to 2.44; short-term debt falls from €72k to €48k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Show earlier events
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 acts for this company are 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, Incourt · 1 establishment unit since 2009
Ground area
3,756 m²
Building footprint
57 m²
Parcel 25043A0322/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
DAMIEN BINET
since 20092.177.551.812
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25043A0322/00A000 | Wallonia | 3,756 m² | 1 · 57 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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Of 1,556 companies in sector 02200 we hold annual accounts for 449. 315 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
02200Logging
81300Landscape service activities
Contact
Phone
0477/37.94.95Incourt
Scores and ratios are computed by Checked and are not a credit decision.