DAMKAS
ActiveSummary
DAMKAS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €311k and a net result of €44k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 90% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-1
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.67 against 11.05 in 2024; short-term debt: 12.4% and cash: 33.1% of total assets), and 12.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.5%
Return on assets
12.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
17 d early
2023
23 d early
2022
35 d early
2021
32 d early
2020
18 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€311k▲ 4.5%
2024 · €297k
Total assets
€356k▲ 17.3%
2024 · €303k
Net result
€44k▲ 9.8%
2024 · €40k
Working capital
€74k▲ 42.1%
2024 · €52k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€68k▲ 0.4%€49k▼ 28.8%€55k▲ 12.8%€59k▲ 7.8%€65k▲ 10.9%
Net result€50k▲ 4.1%€31k▼ 38.5%€37k▲ 22.0%€40k▲ 7.5%€44k▲ 9.8%
Equity€246k▲ 25.4%€220k▼ 10.7%€257k▲ 17.0%€297k▲ 15.6%€311k▲ 4.5%
Total assets€301k▼ 15.3%€305k▲ 1.4%€282k▼ 7.4%€303k▲ 7.4%€356k▲ 17.3%
Debt€54k▼ 65.7%€85k▲ 56.2%€25k▼ 70.6%€6k▼ 77.5%€45k▲ 692%
Working capital€-18k▲ 76.7%€-34k▼ 85.1%€6k€52k▲ 730%€74k▲ 42.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €356k
Fixed assets
€238k ▼ 3.4%
Current assets
€118k ▲ 106%
Equity and liabilities €356k
Equity
€311k ▲ 4.5%
Debt
€45k ▲ 692%
Debt's share of the balance-sheet total rises from 1.9% to 12.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€79k▼
2024 · €82k
Cash flow
€58k▼
2024 · €63k
Current ratio
2.67▼
2024 · 11.05
Debt to equity
0.14▲
2024 · 0.02
ROE
14.2%▲
2024 · 13.5%
ROA
12.4%▼
2024 · 13.3%
Interest coverage
598.77▲
2024 · 488.34
Debt ≤ 1 year
€44k▲
2024 · €5k
Income taxes
€21k▲
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €22k | €23k | €22k | €14k | ▼ 39.9% |
| Other operating charges640/8 | €9k | €9k | €10k | €10k | €10k | ▲ 3.1% |
| Gross operating margin9900 | €99k | €79k | €88k | €91k | €89k | ▼ 2.4% |
| Operating profit (loss)9901 | €68k | €49k | €55k | €59k | €65k | ▲ 10.9% |
| Financial income75/76B | - | €0 | €0 | - | - | - |
| Recurring financial income75 | - | €0 | €0 | - | - | - |
| Financial charges65/66B | €2k | €3k | €243 | €167 | €132 | ▼ 21.0% |
| Recurring financial charges65 | €2k | €3k | €243 | €167 | €132 | ▼ 21.0% |
| Profit (loss) for the period before taxes9903 | €66k | €46k | €54k | €59k | €65k | ▲ 11.0% |
| Income taxes67/77 | €17k | €15k | €17k | €19k | €21k | ▲ 13.5% |
| Profit (loss) for the period9904 | €50k | €31k | €37k | €40k | €44k | ▲ 9.8% |
| Profit (loss) for the period to be appropriated9905 | €50k | €31k | €37k | €40k | €44k | ▲ 9.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €301k | €305k | €282k | €303k | €356k | ▲ 17.3% |
| Fixed assets21/28 | €275k | €254k | €251k | €246k | €238k | ▼ 3.4% |
| Tangible fixed assets22/27 | €275k | €254k | €251k | €246k | €238k | ▼ 3.4% |
| Land and buildings22 | €275k | €253k | €250k | €235k | €224k | ▼ 4.6% |
| Plant, machinery and equipment23 | - | - | - | €10k | €13k | ▲ 28.3% |
| Furniture and vehicles24 | - | €1k | €988 | €740 | €491 | ▼ 33.6% |
| Current assets29/58 | €26k | €51k | €31k | €57k | €118k | ▲ 106% |
| Amounts receivable within one year40/41 | €0 | €413 | €0 | €218 | €137 | ▼ 37.1% |
| Trade receivables40 | - | - | - | €90 | €0 | ▼ 100% |
| Other amounts receivable41 | €0 | €413 | €0 | €128 | €137 | ▲ 7.2% |
| Cash at bank and in hand54/58 | €26k | €50k | €31k | €57k | €118k | ▲ 107% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €301k | €305k | €282k | €303k | €356k | ▲ 17.3% |
| Equity10/15 | €246k | €220k | €257k | €297k | €311k | ▲ 4.5% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Capital10 | €100k | €100k | €100k | €100k | €100k | = |
| Issued capital100 | €100k | €100k | €100k | €100k | €100k | = |
| Revaluation surpluses12 | €15k | €15k | €15k | €15k | €15k | = |
| Reserves13 | €23k | €54k | €91k | €131k | €145k | ▲ 10.3% |
| Non-distributable reserves130/1 | €10k | €10k | €10k | €10k | €10k | = |
| Legal reserve130 | €10k | €10k | €10k | €10k | €10k | = |
| Distributable reserves133 | €13k | €44k | €81k | €121k | €135k | ▲ 11.1% |
| Profit (loss) carried forward14 | €109k | €52k | €52k | €52k | €52k | = |
| Amounts payable17/49 | €54k | €85k | €25k | €6k | €45k | ▲ 692% |
| Amounts payable after more than one year17 | €9k | €0 | - | - | - | - |
| Financial debts170/4 | €9k | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €44k | €85k | €25k | €5k | €44k | ▲ 753% |
| Current portion of amounts payable after more than one year42 | €10k | €9k | €0 | - | - | - |
| Trade debts44 | €240 | €0 | €1k | €0 | €687 | - |
| Suppliers440/4 | €240 | €0 | €1k | €0 | €687 | - |
| Taxes, remuneration and social security45 | €2k | €34k | €23k | €4k | €11k | ▲ 205% |
| Taxes450/3 | €2k | €34k | €23k | €4k | €11k | ▲ 205% |
| Other amounts payable47/48 | €32k | €41k | €1k | €2k | €32k | ▲ 2,040% |
| Accrued charges and deferred income492/3 | €832 | €410 | €162 | €458 | €465 | ▲ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50k | €31k | €37k | €40k | €44k | ▲ 9.8% |
| + Depreciation and write-downs630 | €22k | €22k | €23k | €22k | €14k | ▼ 39.9% |
| Operating cash flow (approximation) | €72k | €53k | €61k | €63k | €58k | ▼ 8.0% |
| Investment in fixed assets (approximation) | - | €-1k | €-21k | €-17k | €-5k | ▲ 70.1% |
| Change in cash | - | €25k | €-19k | €26k | €61k | ▲ 136% |
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
Next filing, fiscal year 2026, expected by
2026
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 9current ratio 11.05
Current ratio from 1.25 to 11.05; short-term debt falls from €25k to €5k.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 1.25
Current ratio from 0.60 to 1.25; short-term debt falls from €85k to €25k.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €31k ▼38.5%
Net result drops to €31k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €50k ▲4.1%
Operating result €68k, net result €50k, both a record.
31-12
Financial
Equity above €200kEq €246k ▲25.4%
4 profitable years in a row build equity to €246k.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kortrijk
Ground area
921 m²
Building footprint
353 m²
Volume, LiDAR
4,960 m³
Parcel 34353H0634/00S000, Flanders · tallest building 20.4 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353H0634/00S000 | Flanders | 921 m² | 1 · 353 m² | 20.4 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 4,422 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-04-1989
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.