DAMPKIN
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 24 days after the deadline Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00425049.
Annual accounts 2025 filed on 24-08-2026 at the NBB all 9 filings
Turnover
€601,256▲ 18.4%
2024 · €507,909
EBIT margin
0.7%▼ 0.2pp
2024 · 1.0%
Net result
€3,000▼ 30.9%
2024 · €4,344
Working capital
€32,540▲ 25.5%
2024 · €25,936
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€601,256
▲ 18.4%
2025
20182025
Operating result
€4,272
▼ 12.0%
2025
20182025
Net result
€3,000
▼ 30.9%
2025
middle half of the sector
20182025
EBIT margin
0.7%
▼ 0.2pp
2025
20182025
Equity
€32,545
▲ 10.2%
2025
middle half of the sector
20182025
Total assets
€107,343
▼ 1.4%
2025
middle half of the sector
20182025
Debt
€74,798
▼ 5.7%
2025
20182025
Working capital
€32,540
▲ 25.5%
2025
middle half of the sector
20182025
Solvency
30.3%
▲ 3.2pp
2025
middle half of the sector
20182025
Current ratio
1.44
▲ 0.11
2025
middle half of the sector
20182025
Return on assets (ROA)
2.8%
▼ 1.2pp
2025
middle half of the sector
20182025
Staff (FTE)
0.7
▼ 66.7%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€729,927€765,013▲ 4.8%€507,909▼ 33.6%€601,256▲ 18.4%
Operating result€3,384-€7,257▲ 114%-€11,892€15,570€8,466▼ 45.6%€6,702▼ 20.8%€4,852▼ 27.6%€4,272▼ 12.0%
Net result€1,671-€3,519▲ 111%-€15,518below the sector's middle half€13,454within the sector's middle half€6,901within the sector's middle half▼ 48.7%€4,874within the sector's middle half▼ 29.4%€4,344within the sector's middle half▼ 10.9%€3,000within the sector's middle half▼ 30.9%
EBIT margin1.2%0.9%▼ 0.3pp1.0%▲ 0.1pp0.7%▼ 0.2pp
Equity€7,971-€11,490▲ 44.2%-€4,027below the sector's middle half€11,427within the sector's middle half€20,328within the sector's middle half▲ 77.9%€25,201below the sector's middle half▲ 24.0%€29,545within the sector's middle half▲ 17.2%€32,545within the sector's middle half▲ 10.2%
Total assets€27,623-€66,922▲ 142%€51,264below the sector's middle half▼ 23.4%€84,568within the sector's middle half▲ 65.0%€54,491below the sector's middle half▼ 35.6%€112,965below the sector's middle half▲ 107%€108,829within the sector's middle half▼ 3.7%€107,343within the sector's middle half▼ 1.4%
Debt€19,652-€55,432▲ 182%€55,292▼ 0.3%€73,142▲ 32.3%€34,163▼ 53.3%€87,764▲ 157%€79,284▼ 9.7%€74,798▼ 5.7%
Working capital€7,971-€4,105▼ 48.5%-€12,122below the sector's middle half€285within the sector's middle half€12,596within the sector's middle half▲ 44×€17,432within the sector's middle half▲ 38.4%€25,936within the sector's middle half▲ 48.8%€32,540within the sector's middle half▲ 25.5%
Solvency28.9%-17.2%▼ 11.7pp-7.9%below the sector's middle half▼ 25.0pp13.5%within the sector's middle half▲ 21.4pp37.3%within the sector's middle half▲ 23.8pp22.3%within the sector's middle half▼ 15.0pp27.1%within the sector's middle half▲ 4.8pp30.3%within the sector's middle half▲ 3.2pp
Current ratio1.41-1.10▼ 0.310.73below the sector's middle half▼ 0.371.00within the sector's middle half▲ 0.271.42within the sector's middle half▲ 0.421.20within the sector's middle half▼ 0.221.33within the sector's middle half▲ 0.131.44within the sector's middle half▲ 0.11
Return on assets (ROA)6.0%-5.3%▼ 0.8pp-30.3%below the sector's middle half▼ 35.5pp15.9%above the sector's middle half▲ 46.2pp12.7%above the sector's middle half▼ 3.2pp4.3%within the sector's middle half▼ 8.3pp4.0%within the sector's middle half▼ 0.3pp2.8%within the sector's middle half▼ 1.2pp
Staff (FTE)0.322.6within the sector's middle half2.1▼ 19.2%0.7▼ 66.7%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 12% lower than in 2024 and the lowest since 2021. It is the fourth fall in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107,343
Fixed assets
€5 ▼ 99.9%
Current assets
€107,338 ▲ 2.0%
Equity and liabilities €107,343
Equity
€32,545 ▲ 10.2%
Debt
€74,798 ▼ 5.7%
Debt's share of the balance-sheet total falls from 72.9% to 69.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7,876▼
2024 · €9,012
Cash flow
€6,604▼
2024 · €8,504
Quick ratio
0.17▼
2024 · 0.21
Debt to equity
2.30▼
2024 · 2.68
ROE
9.2%▼
2024 · 14.7%
Interest coverage
28.96▲
2024 · 17.74
Debt ≤ 1 year
€74,798▼
2024 · €79,284
Income taxes
€1,000
Customer credit
4 days▼
2024 · 4 days
Supplier credit
20 days▼
2024 · 43 days
Staff costs
€42,153▼
2024 · €75,324
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 3 | - | - |
| full-time | 2 | 3 | - | - |
| in full-time equivalents | 2 | 3 | - | - |
| Average over the year, in full-time equivalents | 2 | 2.6 | 2.1 | 0.7 |
| On a permanent contract | 2 | - | 2 | - |
| Joined | 1 | 1 | 1 | 1 |
| Left | 0 | 0 | 1 | 3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €11,929 | €7,769 | €3,609 | €5 |
| Depreciation and write-downs of the year | €2,299 | €4,161 | €4,160 | €4,160 | €3,604 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €2,000 awarded · €2,000 paidSchemes
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €729,927 | €765,013 | €507,909 | €601,256 | ▲ 18.4% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €643,069 | €660,353 | €435,714 | €550,801 | ▲ 26.4% |
| Remuneration, social security and pensions62 | - | - | - | €29,377 | €75,398 | €97,571 | €75,324 | €42,153 | ▼ 44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,299 | €2,299 | €2,299 | €4,161 | €4,160 | €4,160 | €3,604 | ▼ 13.4% |
| Other operating charges640/8 | - | - | - | €1,646 | €2,297 | €586 | €922 | €667 | ▼ 27.7% |
| Gross operating margin9900 | €4,449 | €16,630 | €6,228 | €48,892 | €90,322 | €109,019 | €85,258 | €50,696 | ▼ 40.5% |
| Operating profit (loss)9901 | €3,384 | €7,257 | -€11,892 | €15,570 | €8,466 | €6,702 | €4,852 | €4,272 | ▼ 12.0% |
| Financial income75/76B | - | - | - | €818 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | €3 | €818 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €2,788 | €430 | €685 | €508 | €272 | ▼ 46.5% |
| Recurring financial charges65 | €1,138 | €2,143 | €3,513 | €2,788 | €430 | €685 | €508 | €272 | ▼ 46.5% |
| Profit (loss) for the period before taxes9903 | €2,246 | €5,114 | -€15,401 | €13,600 | €8,036 | €6,017 | €4,344 | €4,000 | ▼ 7.9% |
| Income taxes67/77 | €575 | €1,594 | €116 | €146 | €1,135 | €1,143 | - | €1,000 | - |
| Profit (loss) for the period9904 | €1,671 | €3,519 | -€15,518 | €13,454 | €6,901 | €4,874 | €4,344 | €3,000 | ▼ 30.9% |
| Profit (loss) for the period to be appropriated9905 | €1,671 | €3,519 | -€15,518 | €13,454 | €6,901 | €4,874 | €4,344 | €3,000 | ▼ 30.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €27,623 | €66,922 | €51,264 | €84,568 | €54,491 | €112,965 | €108,829 | €107,343 | ▼ 1.4% |
| Fixed assets21/28 | - | €20,687 | €18,389 | €16,090 | €11,929 | €7,769 | €3,609 | €5 | ▼ 99.9% |
| Tangible fixed assets22/27 | - | €20,687 | €18,389 | €16,090 | €11,929 | €7,769 | €3,609 | €5 | ▼ 99.9% |
| Furniture and vehicles24 | - | - | - | €16,090 | €11,929 | €7,769 | €3,609 | €5 | ▼ 99.9% |
| Current assets29/58 | €27,623 | €46,235 | €32,876 | €68,478 | €42,562 | €105,196 | €105,220 | €107,338 | ▲ 2.0% |
| Stocks and contracts in progress3 | - | €29,950 | €26,205 | €31,008 | €24,562 | €59,482 | €88,813 | €94,691 | ▲ 6.6% |
| Stocks30/36 | - | - | - | €31,008 | €24,562 | €59,482 | €88,813 | €94,691 | ▲ 6.6% |
| Amounts receivable within one year40/41 | €17,357 | €5,968 | €2,213 | €26,383 | €760 | €7,600 | €7,871 | €7,117 | ▼ 9.6% |
| Trade receivables40 | - | - | - | €25,372 | €760 | €6,374 | €5,652 | €5,892 | ▲ 4.2% |
| Other amounts receivable41 | - | - | - | €1,011 | - | €1,226 | €2,219 | €1,225 | ▼ 44.8% |
| Cash at bank and in hand54/58 | €6,366 | €9,286 | €3,416 | €9,908 | €17,240 | €38,114 | €8,536 | €5,530 | ▼ 35.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1,179 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €27,623 | €66,922 | €51,264 | €84,568 | €54,491 | €112,965 | €108,829 | €107,343 | ▼ 1.4% |
| Equity10/15 | €7,971 | €11,490 | -€4,027 | €11,427 | €20,328 | €25,201 | €29,545 | €32,545 | ▲ 10.2% |
| Contributions10/11 | €6,300 | €6,300 | - | €8,300 | €10,300 | €10,300 | €10,300 | €10,300 | = |
| Capital10 | - | - | - | - | €10,300 | €10,300 | - | - | - |
| Issued capital100 | - | - | - | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | - | - | - | €8,300 | €8,300 | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | - | €10,300 | - | - |
| Other1109/19 | - | - | - | - | - | - | €10,300 | - | - |
| Reserves13 | €100 | €5,190 | €5,190 | €5,190 | €5,489 | €5,789 | €5,789 | €5,789 | = |
| Non-distributable reserves130/1 | - | - | - | €300 | €599 | €899 | €899 | €899 | = |
| Legal reserve130 | - | - | - | - | €599 | €899 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €300 | - | - | €899 | €899 | = |
| Distributable reserves133 | - | - | - | €4,890 | €4,890 | €4,890 | €4,890 | €4,890 | = |
| Profit (loss) carried forward14 | €1,571 | - | -€15,518 | -€2,063 | €4,539 | €9,112 | €13,456 | €16,456 | ▲ 22.3% |
| Amounts payable17/49 | €19,652 | €55,432 | €55,292 | €73,142 | €34,163 | €87,764 | €79,284 | €74,798 | ▼ 5.7% |
| Amounts payable after more than one year17 | - | €12,947 | €8,789 | €4,593 | €4,197 | - | - | - | - |
| Financial debts170/4 | - | - | - | €4,593 | €4,197 | - | - | - | - |
| Amounts payable within one year42/48 | €19,652 | €42,130 | €44,997 | €68,194 | €29,966 | €87,764 | €79,284 | €74,798 | ▼ 5.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,197 | - | - | - | - | - |
| Trade debts44 | €19,077 | €17,969 | €19,464 | €38,485 | €10,310 | €28,874 | €51,222 | €29,451 | ▼ 42.5% |
| Suppliers440/4 | - | - | - | €38,485 | €10,310 | €28,874 | €51,222 | €29,451 | ▼ 42.5% |
| Taxes, remuneration and social security45 | - | - | - | €7,459 | €19,422 | €58,890 | €28,062 | €41,847 | ▲ 49.1% |
| Taxes450/3 | - | - | - | €712 | €5,345 | €4,491 | €2,755 | €6,568 | ▲ 138% |
| Remuneration and social security454/9 | - | - | - | €6,747 | €14,077 | €54,399 | €25,307 | €35,279 | ▲ 39.4% |
| Other amounts payable47/48 | - | - | - | €18,054 | €234 | - | - | €3,500 | - |
| Accrued charges and deferred income492/3 | - | - | - | €355 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,671 | €3,519 | -€15,518 | €13,454 | €6,901 | €4,874 | €4,344 | €3,000 | ▼ 30.9% |
| + Depreciation and write-downs630 | - | €2,299 | €2,299 | €2,299 | €4,161 | €4,160 | €4,160 | €3,604 | ▼ 13.4% |
| Operating cash flow (approximation) | €1,671 | €5,818 | -€13,219 | €15,753 | €11,062 | €9,034 | €8,504 | €6,604 | ▼ 22.3% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,920 | -€5,870 | €6,492 | €7,332 | €20,874 | -€29,578 | -€3,006 | ▲ 89.8% |
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, 5,047 companies had the same profile as DAMPKIN has now. Two years later, 93.9% were still going and 2.2% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
93.9%
was still going
3.8%
stopped otherwise
2.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DAMPKIN itself: 1.4% 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 5,047 companies, not a prediction for DAMPKIN. 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.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-08-2026 | 2026-00425049 | |
| 31-12-2024 | micro format | 21-08-2025 | 2025-00390383 | |
| 31-12-2023 | abbreviated format | 09-10-2024 | 2024-00503197 | |
| 31-12-2023 | micro format | 25-09-2024 | 2024-00471829 | |
| 31-12-2022 | micro format | 19-09-2023 | 2023-00453452 | |
| 31-12-2021 | micro format | 29-11-2022 | 2022-20531642 | |
| 31-12-2020 | micro format | 01-09-2021 | 2021-66300374 | |
| 31-12-2019 | micro format | 24-07-2020 | 2020-34500214 | |
| 31-12-2018 | micro format | 12-09-2019 | 2019-64300165 |