DHARMA
Bankruptcy closedSummary
DHARMA was declared bankrupt on 10-08-2021 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 25-11-2025, published in the Belgian State Gazette on 04-12-2025. The 2020 annual accounts show negative equity (-€102,441) and a net result of -€167,680.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 12-07-2021, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
19 d early
2019
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average on the deadline day; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2020, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€167,680
2019 · €26,673
Working capital
€50,949▼ 73.8%
2019 · €194,214
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
Line201820192020
Operating result€63,947-€108,263▲ 69.3%-€129,503
Net result-€10,702-€26,673-€167,680
Equity€38,565-€65,239▲ 69.2%-€102,441
Total assets€784,797-€792,534▲ 1.0%€631,232▼ 20.4%
Debt€746,232-€727,295▼ 2.5%€733,673▲ 0.9%
Working capital€160,457-€194,214▲ 21.0%€50,949▼ 73.8%
Staff (FTE)1-1.5▲ 50.0%1.2▼ 20.0%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €129,503 after €108,263 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €631,232
Fixed assets
€128,688 ▼ 26.0%
Current assets
€502,545 ▼ 18.8%
Key figures and ratios
EBITDA
-€99,763▼
2019 · €158,259
Cash flow
-€137,940▼
2019 · €76,669
Solvency
-16.2%▼
2019 · 8.2%
Current ratio
1.11▼
2019 · 1.46
Debt to equity
-2.75▼
2019 · 4.47
ROA
-26.6%▼
2019 · 3.4%
Debt ≤ 1 year
€451,595▲
2019 · €424,413
Debt > 1 year
€282,078▼
2019 · €291,684
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,869 | €49,995 | €29,740 | ▼ 40.5% |
| Gross operating margin9900 | €140,759 | €209,938 | -€71,774 | ▼ 134% |
| Operating profit (loss)9901 | €63,947 | €108,263 | -€129,503 | ▼ 220% |
| Recurring financial charges65 | €64,079 | €56,013 | €38,177 | ▼ 31.8% |
| Profit (loss) for the period before taxes9903 | -€132 | €52,251 | -€167,680 | ▼ 421% |
| Income taxes67/77 | €10,570 | €25,577 | - | - |
| Profit (loss) for the period9904 | -€10,702 | €26,673 | -€167,680 | ▼ 729% |
| Profit (loss) for the period to be appropriated9905 | -€10,702 | €26,673 | -€167,680 | ▼ 729% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €784,797 | €792,534 | €631,232 | ▼ 20.4% |
| Fixed assets21/28 | €201,464 | €173,907 | €128,688 | ▼ 26.0% |
| Tangible fixed assets22/27 | €190,323 | €162,641 | €121,778 | ▼ 25.1% |
| Financial fixed assets28 | €11,141 | €11,266 | €6,910 | ▼ 38.7% |
| Current assets29/58 | €583,333 | €618,627 | €502,545 | ▼ 18.8% |
| Amounts receivable within one year40/41 | €547,241 | €597,383 | €500,056 | ▼ 16.3% |
| Cash at bank and in hand54/58 | €35,362 | €20,290 | €673 | ▼ 96.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €784,797 | €792,534 | €631,232 | ▼ 20.4% |
| Equity10/15 | €38,565 | €65,239 | -€102,441 | ▼ 257% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €18,105 | €44,779 | -€122,901 | ▼ 374% |
| Amounts payable17/49 | €746,232 | €727,295 | €733,673 | ▲ 0.9% |
| Amounts payable after more than one year17 | €302,408 | €291,684 | €282,078 | ▼ 3.3% |
| Amounts payable within one year42/48 | €422,875 | €424,413 | €451,595 | ▲ 6.4% |
| Trade debts44 | €226,541 | €256,052 | €334,802 | ▲ 30.8% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,702 | €26,673 | -€167,680 | ▼ 729% |
| + Depreciation and write-downs630 | €46,869 | €49,995 | €29,740 | ▼ 40.5% |
| Operating cash flow (approximation) | €36,167 | €76,669 | -€137,940 | ▼ 280% |
| Investment in fixed assets (approximation) | - | -€22,438 | €15,479 | ▲ 169% |
| Change in cash | - | -€15,072 | -€19,617 | ▼ 30.1% |
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
04-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · event 25-11-2025
2021
16-08
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 10-08-2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€167,680
Net result drops to -€167,680, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
31-12
Financial
Back to profitnet €26,673
Net result €26,673 after one loss-making year.
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 68 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
08-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 130 days late
2014
17-12
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 139 days late
2013
29-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 29 days late
2012
28-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ganshoren · 1 establishment unit since 2005
Ground area
688 m²
Building footprint
465 m²
Volume, LiDAR
6,362 m³
Parcel 21392B0093/00G009, Brussels · tallest building 18.7 m, ±5 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
DHARMA
since 20052.150.587.196
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21392B0093/00G009 | Brussels | 688 m² | 1 · 465 m² | 18.6 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BRANDAAN MOMBAERS LAKENSESTRAAT 154/11,
1000 BRUSSEL 1 |
10-08-2021 → 25-11-2025 |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded09-08-2005
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.