DAMODE-MG

Active

Private limited companyfounded 20224 yrs activeSteenbeekpad 6, 8880 Ledegem, BelgiumKBO/BCE: BE 0783.794.939

Summary

The computed 12-month bankruptcy probability of DAMODE-MG is 2.8% (moderate). The 2024 annual accounts show equity of €6.99M and a net result of €-303k. Equity is shrinking by ~4.4% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

53 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability13=

Solvency100=

Growth32=

Track record94

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €370k at 30 days acceptable

short-term debt: 0.4% and cash: 1.4% of total assets, and 0.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

222324

2022 to 2024 · latest year €-303k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

22 d early

2023

5 d early

2022

3 d early

2022

181 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, abbreviated schema

Equity

€6.99M▼ 4.2%

2023 · €7.29M

2022: €7.63M 2023: €7.29M

2022 → 2024

Total assets

€7.02M▼ 4.1%

2023 · €7.32M

2022: €7.66M 2023: €7.32M

2022 → 2024

Net result

€-303k▲ 12.0%

2023 · €-344k

2022: €11.10M 2023: €-344k

2022 → 2024

Working capital

€5.48M▼ 4.5%

2023 · €5.74M

2022: €6.03M 2023: €5.74M

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€7.63M-€7.29M▼ 4.5%€6.99M▼ 4.2%

Operating result€-395k-€-344k▲ 12.8%€-322k▲ 6.4%

Net result€11.10M-€-344k€-303k▲ 12.0%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €322k in 2024 against €344k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €7.02M

21.5%

78.5%

Fixed assets €1.51M ▼ 3.0%

Current assets €5.51M ▼ 4.4%

Equity and liabilities €7.02M

99.6%

Equity €6.99M ▼ 4.2%

Debt €27k ▲ 6.0%

Debt's share of the balance-sheet total stays at 0.4%.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-268k▲

2023 · €-290k

Cash flow

€-248k▲

2023 · €-290k

Debt to equity

0.00▲

2023 · 0.00

ROE

-4.3%▲

2023 · -4.7%

ROA

-4.3%▲

2023 · -4.7%

Interest coverage

-8925.82▼

2023 · -796.05

Debt ≤ 1 year

€27k▲

2023 · €25k

A ratio outside any meaningful range has been withheld (balance sheet total €7.02M, equity €6.99M).

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 · 36 lines

Balance sheet Code20232024

Assets

Total assets20/58€7.32M€7.02M▼

Fixed assets21/28€1.55M€1.51M▼

Tangible fixed assets22/27€775k€728k▼

Land and buildings22€763k€719k▼

Furniture and vehicles24€12k€9k▼

Financial fixed assets28€778k€778k=

Current assets29/58€5.76M€5.51M▼

Amounts receivable within one year40/41€1.62M€1.62M=

Other amounts receivable41€1.62M€1.62M=

Current investments50/53€4.08M€3.79M▼

Cash at bank and in hand54/58€66k€98k▲

Equity and liabilities

Total equity and liabilities10/49€7.32M€7.02M▼

Equity10/15€7.29M€6.99M▼

Contributions10/11€3.38M€3.38M=

Reserves13€276k€276k=

Distributable reserves133€276k€276k=

Profit (loss) carried forward14€3.64M€3.33M▼

Amounts payable17/49€25k€27k▲

Amounts payable within one year42/48€25k€27k▲

Trade debts44€23k€19k▼

Suppliers440/4€23k€19k▼

Other amounts payable47/48€3k€8k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€54k▲

Other operating charges640/8€204€6k▲

Gross operating margin9900€-290k€-262k▲

Operating profit (loss)9901€-344k€-322k▲

Financial income75/76B€5k€20k▲

Recurring financial income75€5k€20k▲

Financial charges65/66B€364€30▼

Recurring financial charges65€364€30▼

Profit (loss) for the period before taxes9903€-340k€-303k▲

Income taxes67/77€4k-

Profit (loss) for the period9904€-344k€-303k▲

Profit (loss) for the period to be appropriated9905€-344k€-303k▲

Appropriation of the result

Profit (loss) to be appropriated9906€3.64M€3.33M▼

Profit (loss) brought forward from the previous period14P€3.98M€3.64M▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

2025

09-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

26-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Weakest financial yearnet €-344k ▼103%

Net result drops to €-344k, the lowest in the series; recovery starts the following year.

28-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

03-05

NBB filing Annual accounts filed

fiscal year 2022 · unclassified schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Ledegem · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Steenbeekpad 68880 Ledegem

Ground area

1.6 ha

Building footprint

585 m²

Volume, LiDAR

2,519 m³

Parcel 36018A0891/00E000, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Steenbeekpad 6, 8880 Ledegem

Holdings

since 20222.345.455.941

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36018A0891/00E000	Flanders	1.6 ha	1 · 585 m²	8.5 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded24-03-2022

Fiscal year end31-12

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

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