Den Dam
ActiveDen Dam has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.38M and a net result of €87k. Equity is shrinking by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 85% of 326 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▲+2
Solvency100▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity ample (current ratio 3.88 against 3.11 in 2023; short-term debt: 20.9% and cash: 9.2% of total assets), and 21.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← 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
78.9%
Return on assets
2%
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 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
37 d early
2022
26 d early
2021
37 d early
2020
33 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€3.38M▼ 5.7%
2023 · €3.58M
2018: €4.22M
2019: €4.27M
2020: €4.28M
2021: €3.53M
2022: €3.57M
2023: €3.58M
2018 → 2024
Total assets
€4.28M▼ 11.7%
2023 · €4.85M
2018: €4.62M
2019: €4.77M
2020: €4.84M
2021: €3.97M
2022: €4.84M
2023: €4.85M
2018 → 2024
Net result
€87k▲ 539%
2023 · €14k
2018: €107k
2019: €52k
2020: €7k
2021: €20k
2022: €33k
2023: €14k
2018 → 2024
Working capital
€2.58M▼ 3.8%
2023 · €2.68M
2018: €3.43M
2019: €3.49M
2020: €3.62M
2021: €2.92M
2022: €2.57M
2023: €2.68M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4.28M-€3.53M▼ 17.5%€3.57M▲ 0.9%€3.58M▲ 0.4%€3.38M▼ 5.7%
Operating result€-44k-€-18k▲ 58.8%€17k€14k▼ 18.1%€58k▲ 303%
Net result€7k-€20k▲ 208%€33k▲ 61.1%€14k▼ 58.9%€87k▲ 539%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 303% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.28M
Fixed assets
€808k▼ 10.4%
Current assets
€3.47M▼ 12.0%
Equity and liabilities €4.28M
Equity
€3.38M▼ 5.7%
Provisions
€6k
Debt
€897k▼ 29.2%
The debt ratio falls from 26.2% to 21.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€270k▲
2023 · €214k
Cash flow
€299k▲
2023 · €213k
Solvency
78.9%▲
2023 · 73.8%
Current ratio
3.88▲
2023 · 3.11
Quick ratio
3.08▲
2023 · 2.46
Debt / equity
0.27▼
2023 · 0.35
ROE
2.6%▲
2023 · 0.4%
ROA
2.0%▲
2023 · 0.3%
Interest coverage
38.11▲
2023 · 10.92
Debt
€897k▼
2023 · €1.27M
Debt ≤ 1 year
€896k▼
2023 · €1.27M
Income taxes
€34k▲
2023 · €13k
Staff costs
€1.97M▲
2023 · €1.87M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4.85M€4.28M▼
Fixed assets21/28€901k€808k▼
Tangible fixed assets22/27€901k€808k▼
Land and buildings22€28k€24k▼
Plant, machinery and equipment23€699k€593k▼
Furniture and vehicles24€174k€191k▲
Current assets29/58€3.95M€3.47M▼
Stocks and contracts in progress3€834k€713k▼
Stocks30/36€834k€713k▼
Amounts receivable within one year40/41€1.31M€2.35M▲
Trade receivables40€675k€458k▼
Other amounts receivable41€635k€1.90M▲
Cash at bank and in hand54/58€1.80M€394k▼
Deferred charges and accrued income490/1€4k€11k▲
Equity and liabilities
Total equity and liabilities10/49€4.85M€4.28M▼
Equity10/15€3.58M€3.38M▼
Contributions10/11€3.23M€3.23M=
Capital10€3.22M€3.22M=
Issued capital100€3.22M€3.22M=
Outside capital11€11k€11k=
Share premium1100/10€11k€11k=
Reserves13€345k€141k▼
Non-distributable reserves130/1€119k€122k▲
Legal reserve130€119k€122k▲
Tax-exempt reserves132-€19k
Distributable reserves133€226k€434▼
Profit (loss) carried forward14-€0
Provisions and deferred taxes16-€6k
Deferred taxes168-€6k
Amounts payable17/49€1.27M€897k▼
Amounts payable within one year42/48€1.27M€896k▼
Trade debts44€1.02M€361k▼
Suppliers440/4€1.02M€361k▼
Taxes, remuneration and social security45€244k€245k▲
Taxes450/3€47k€20k▼
Remuneration and social security454/9€197k€224k▲
Other amounts payable47/48€0€290k▲
Accrued charges and deferred income492/3€443€1k▲
Income statement
Code20232024
Non-recurring operating income76A€8k€28k▲
Remuneration, social security and pensions62€1.87M€1.97M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€200k€212k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€4k▲
Other operating charges640/8€18k€21k▲
Non-recurring operating charges66A€983€0▼
Gross operating margin9900€2.10M€2.26M▲
Operating profit (loss)9901€14k€58k▲
Financial income75/76B€32k€77k▲
Recurring financial income75€32k€77k▲
Financial charges65/66B€20k€7k▼
Recurring financial charges65€20k€7k▼
Profit (loss) for the period before taxes9903€27k€127k▲
Transfer to deferred taxes680-€6k
Income taxes67/77€13k€34k▲
Profit (loss) for the period9904€14k€87k▲
Transfer to tax-exempt reserves689-€19k
Profit (loss) for the period to be appropriated9905€14k€68k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€68k▲
Transfer from equity791/2-€226k
Transfer to equity691/2€14k€3k▼
To the legal reserve6920€678€3k▲
To other reserves6921€13k€0▼
Profit to be distributed694/7-€290k
Return on contributions (dividend)694-€290k
Social balance
Average headcount (FTE)908730.029.5▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €7k ▼87.1%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
08-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Beerse · 2 establishment units since 1989
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.
Polendam 12340 BeerseGround area
6,086 m²
Building footprint
4,006 m²
Volume, LiDAR
21,848 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Polendam 1, 2340 Beerse
since 19892.044.034.082
Den Dam
since 20082.276.799.044
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004A0453/00R002 | Flanders | 5,792 m² | 1 · 3,711 m² | 8.3 m · 2 fl. |
| 13004B0418/00E002 | Flanders | 295 m² | 1 · 295 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,408 EUR awarded · 1,338 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 222 EUR | 152 EUR |
| 2024 | 1 | 679 EUR | 791 EUR |
| 2023 | 1 | 282 EUR | 170 EUR |
| 2022 | 1 | 225 EUR | 225 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
ARTIMAR
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CROMARBO
BE 0406.054.866
La Bruyère · Eq €2.90M
MARIS NATUURSTEEN
BE 0875.030.070
Heist-op-den-Berg · Eq €2.90M
VAN AELST STONE PRODUCTS
BE 0869.807.215
Malle · Eq €3.95M
Of 738 companies in sector 23700 we hold annual accounts for 491. 191 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-05-1989
Fiscal year end31-12
Activities, NACEBEL
23700Cutting, shaping and finishing of stone
26700
08111Other mining and quarrying
46831Wholesale of construction materials, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.