DAMS
ActiveSummary
The computed 12-month bankruptcy probability of DAMS is 2.0% (moderate). The 2024 annual accounts show equity of €908k and a net result of €122k. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 94% of 7445 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability84▼-11
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 8.57 against 8.19 in 2023; short-term debt: 11.2% and cash: 29.5% of total assets), and 11.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
88.8%
Return on assets
11.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
13 d late
2022
32 d early
2021
27 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€908k▲ 15.5%
2023 · €786k
2021: €444klowest in 4 years
2022: €600k▲ +35.0% vs 2021
2023: €786k▲ +31.1% vs 2022
2024: €908k▲ +15.5% vs 2023highest in 4 years
2021 → 2024
Total assets
€1.02M▲ 15.6%
2023 · €885k
2021: €651klowest in 4 years
2022: €687k▲ +5.6% vs 2021
2023: €885k▲ +28.7% vs 2022
2024: €1.02M▲ +15.6% vs 2023highest in 4 years
2021 → 2024
Net result
€122k▼ 34.8%
2023 · €187k
2021: €424khighest in 4 years
2022: €155k▼ -63.3% vs 2021
2023: €187k▲ +20.1% vs 2022
2024: €122k▼ -34.8% vs 2023lowest in 4 years
2021 → 2024
Working capital
€866k▲ 22.7%
2023 · €706k
2021: €248klowest in 4 years
2022: €466k▲ +88.3% vs 2021
2023: €706k▲ +51.5% vs 2022
2024: €866k▲ +22.7% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€444k-€600k▲ 35.0%€786k▲ 31.1%€908k▲ 15.5%
2021: €444klowest in 4 years
2022: €600k▲ +35.0% vs 2021
2023: €786k▲ +31.1% vs 2022
2024: €908k▲ +15.5% vs 2023highest in 4 years
Operating result€593k-€217k▼ 63.4%€262k▲ 20.7%€158k▼ 39.9%
2021: €593khighest in 4 years
2022: €217k▼ -63.4% vs 2021
2023: €262k▲ +20.7% vs 2022
2024: €158k▼ -39.9% vs 2023lowest in 4 years
Net result€424k-€155k▼ 63.3%€187k▲ 20.1%€122k▼ 34.8%
2021: €424khighest in 4 years
2022: €155k▼ -63.3% vs 2021
2023: €187k▲ +20.1% vs 2022
2024: €122k▼ -34.8% vs 2023lowest in 4 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 40% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.02M
Fixed assets
€42k ▼ 47.7%
Current assets
€981k ▲ 21.9%
Equity and liabilities €1.02M
Equity
€908k ▲ 15.5%
Debt
€114k ▲ 16.5%
Debt's share of the balance-sheet total rises from 11.1% to 11.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€218k▼
2023 · €328k
Cash flow
€182k▼
2023 · €252k
Current ratio
8.57▲
2023 · 8.19
Quick ratio
8.33▲
2023 · 7.82
Debt to equity
0.13▲
2023 · 0.12
ROE
13.4%▼
2023 · 23.7%
ROA
11.9%▼
2023 · 21.1%
Interest coverage
925.43▼
2023 · 2350.06
Debt ≤ 1 year
€114k▲
2023 · €98k
Income taxes
€50k▼
2023 · €80k
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 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€885k€1.02M▲
Fixed assets21/28€80k€42k▼
Tangible fixed assets22/27€80k€42k▼
Plant, machinery and equipment23€7k€23k▲
Furniture and vehicles24€73k€19k▼
Financial fixed assets28€135€135=
Current assets29/58€804k€981k▲
Stocks and contracts in progress3€36k€27k▼
Stocks30/36€36k€27k▼
Amounts receivable within one year40/41€168k€110k▼
Trade receivables40€168k€82k▼
Other amounts receivable41-€28k
Current investments50/53€406k€539k▲
Cash at bank and in hand54/58€192k€302k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€885k€1.02M▲
Equity10/15€786k€908k▲
Contributions10/11€20k€20k=
Reserves13€766k€888k▲
Distributable reserves133€766k€888k▲
Amounts payable17/49€98k€114k▲
Amounts payable within one year42/48€98k€114k▲
Trade debts44€11k€27k▲
Suppliers440/4€11k€27k▲
Taxes, remuneration and social security45€85k€85k▲
Taxes450/3€85k€83k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€3k€3k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€61k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€333k€223k▼
Operating profit (loss)9901€262k€158k▼
Financial income75/76B€5k€15k▲
Recurring financial income75€5k€15k▲
Financial charges65/66B€140€236▲
Recurring financial charges65€140€236▲
Profit (loss) for the period before taxes9903€267k€172k▼
Income taxes67/77€80k€50k▼
Profit (loss) for the period9904€187k€122k▼
Profit (loss) for the period to be appropriated9905€187k€122k▼
Appropriation of the result
Profit (loss) to be appropriated9906€187k€122k▼
Transfer to equity691/2€187k€122k▼
To other reserves6921€187k€122k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51k | €71k | €66k | €61k | ▼ 7.7% |
| Other operating charges640/8 | €4k | €4k | €4k | €5k | ▲ 15.1% |
| Gross operating margin9900 | €647k | €293k | €333k | €223k | ▼ 32.8% |
| Operating profit (loss)9901 | €593k | €217k | €262k | €158k | ▼ 39.9% |
| Financial income75/76B | €5k | €4k | €5k | €15k | ▲ 215% |
| Recurring financial income75 | €5k | €4k | €5k | €15k | ▲ 215% |
| Financial charges65/66B | €348 | €90 | €140 | €236 | ▲ 68.9% |
| Recurring financial charges65 | €348 | €90 | €140 | €236 | ▲ 68.9% |
| Profit (loss) for the period before taxes9903 | €597k | €221k | €267k | €172k | ▼ 35.5% |
| Income taxes67/77 | €173k | €65k | €80k | €50k | ▼ 37.2% |
| Profit (loss) for the period9904 | €424k | €155k | €187k | €122k | ▼ 34.8% |
| Profit (loss) for the period to be appropriated9905 | €424k | €155k | €187k | €122k | ▼ 34.8% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €651k | €687k | €885k | €1.02M | ▲ 15.6% |
| Fixed assets21/28 | €197k | €134k | €80k | €42k | ▼ 47.7% |
| Tangible fixed assets22/27 | €197k | €133k | €80k | €42k | ▼ 47.8% |
| Plant, machinery and equipment23 | €11k | €11k | €7k | €23k | ▲ 218% |
| Furniture and vehicles24 | €186k | €123k | €73k | €19k | ▼ 73.7% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €454k | €554k | €804k | €981k | ▲ 21.9% |
| Stocks and contracts in progress3 | €27k | €30k | €36k | €27k | ▼ 23.5% |
| Stocks30/36 | €27k | €30k | €36k | €27k | ▼ 23.5% |
| Amounts receivable within one year40/41 | €32k | €89k | €168k | €110k | ▼ 34.6% |
| Trade receivables40 | €32k | €89k | €168k | €82k | ▼ 51.5% |
| Other amounts receivable41 | - | - | - | €28k | - |
| Current investments50/53 | - | - | €406k | €539k | ▲ 32.8% |
| Cash at bank and in hand54/58 | €395k | €433k | €192k | €302k | ▲ 56.8% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €3k | ▲ 29.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €651k | €687k | €885k | €1.02M | ▲ 15.6% |
| Equity10/15 | €444k | €600k | €786k | €908k | ▲ 15.5% |
| Contributions10/11 | €20k | €20k | €20k | €20k | = |
| Reserves13 | €424k | €580k | €766k | €888k | ▲ 15.9% |
| Distributable reserves133 | €424k | €580k | €766k | €888k | ▲ 15.9% |
| Amounts payable17/49 | €207k | €88k | €98k | €114k | ▲ 16.5% |
| Amounts payable within one year42/48 | €207k | €88k | €98k | €114k | ▲ 16.5% |
| Trade debts44 | €19k | €12k | €11k | €27k | ▲ 143% |
| Suppliers440/4 | €19k | €12k | €11k | €27k | ▲ 143% |
| Taxes, remuneration and social security45 | €186k | €73k | €85k | €85k | ▲ 0.7% |
| Taxes450/3 | €186k | €73k | €85k | €83k | ▼ 1.8% |
| Remuneration and social security454/9 | - | - | - | €2k | - |
| Other amounts payable47/48 | €2k | €3k | €3k | €3k | = |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €424k | €155k | €187k | €122k | ▼ 34.8% |
| + Depreciation and write-downs630 | €51k | €71k | €66k | €61k | ▼ 7.7% |
| Operating cash flow (approximation) | €475k | €227k | €252k | €182k | ▼ 27.8% |
| Investment in fixed assets (approximation) | - | €-8k | €-12k | €-22k | ▼ 79.6% |
| Change in cash | - | €37k | €-240k | €109k | ▲ 146% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €122k ▼34.8%
Net result drops to €122k, the lowest in the series.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 13 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 6.32
Current ratio from 2.20 to 6.32; short-term debt falls from €207k to €88k.
31-12
Financial
Equity above €500kEq €600k ▲35%
2 profitable years in a row build equity to €600k.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Ninove · 1 establishment unit since 2020
Ground area
3,391 m²
Building footprint
917 m²
Volume, LiDAR
6,618 m³
Parcel 41003A0319/00M000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DAMS
since 20202.302.105.354
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41003A0319/00M000 | Flanders | 3,391 m² | 1 · 917 m² | 8.7 m · 2 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.
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Of 913 companies in sector 43333 we hold annual accounts for 400. 199 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
Founded08-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43333Wallpapering and laying of floor and wall coverings in other materials
43230Insulation installation
43422Screed work
Scores and ratios are computed by Checked and are not a credit decision.