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J DAMAS

Active
Private limited companyfounded 20233 yrs activeGraaf van Vlaanderenstraat 14, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0802.426.857
Summary

The computed 12-month bankruptcy probability of J DAMAS is 3.5% (moderate). The 2024 annual accounts show equity of €20,356 and a net result of €21,565. Its solvency ranks better than 65% of 15869 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency83▲+83
Growth78
Track record94
Bankruptcy probability, 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 2.76; short-term debt: 36.2% and cash: 12.7% of total assets), and 41.8% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
58.2%
Return on assets
61.7%
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 26-06-2025, 35 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
35 d early
2023
267 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 116 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 6 June 2023, J DAMAS was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€20,356
2023 · -€1,208
Total assets
€34,972▲ 2,487%
2023 · €1,352
Net result
€21,565
2023 · -€1,208
Working capital
€22,318
2023 · -€1,208
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result-€1,208-€26,764
Net result-€1,208within the sector's middle half-€21,565within the sector's middle half
Equity-€1,208below the sector's middle half-€20,356within the sector's middle half
Total assets€1,352below the sector's middle half-€34,972below the sector's middle half▲ 2,487%
Debt€2,560-€14,616▲ 471%
Working capital-€1,208within the sector's middle half-€22,318within the sector's middle half
Solvency58.2%within the sector's middle half
Current ratio2.76within the sector's middle half
Return on assets (ROA)61.7%above the sector's middle half
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000€30,000Operating result 2023: -€1,208-€1,208Net result 2023: -€1,208-€1,208Operating result 2024: €26,764€26,764Net result 2024: €21,565€21,56520232024-€10,000€0€10,000€20,000€30,000Operating result 2023: -€1,208-€1,210Net result 2023: -€1,208-€1,210Operating result 2024: €26,764€26,800Net result 2024: €21,565€21,60020232024
The operating result returns to profit in 2024: €26,764 after a loss of €1,208 in 2023.
Balance-sheet composition
Equity and liabilities €34,972
Equity €20,356
Debt €14,616
Debt finances 41.8% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
Quick ratio
2.66
Debt to equity
0.72
ROE
105.9%
Debt ≤ 1 year
€12,655▲
2023 · €2,560
Income taxes
€5,200
Staff costs
€9,035
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet Code20232024
Assets
Total assets20/58€1,352€34,972▲
Formation expenses20€0-
Fixed assets21/28€0-
Intangible fixed assets21€0-
Current assets29/58€1,352€34,972▲
Stocks and contracts in progress3-€1,255
Stocks30/36-€1,255
Amounts receivable within one year40/41€1,352€29,279▲
Trade receivables40€1,352€28,901▲
Other amounts receivable41-€378
Cash at bank and in hand54/58-€4,438
Equity and liabilities
Total equity and liabilities10/49€1,352€34,972▲
Equity10/15-€1,208€20,356▲
Profit (loss) carried forward14-€1,208€20,356▲
Amounts payable17/49€2,560€14,616▲
Amounts payable within one year42/48€2,560€12,655▲
Trade debts44€1,208€2,991▲
Suppliers440/4€1,208€2,991▲
Taxes, remuneration and social security45-€8,311
Taxes450/3-€8,079
Remuneration and social security454/9-€232
Other amounts payable47/48€1,352€1,352=
Accrued charges and deferred income492/3-€1,961
Income statement Code20232024
Remuneration, social security and pensions62-€9,035
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,006-
Other operating charges640/8-€481
Gross operating margin9900-€202€36,280▲
Operating profit (loss)9901-€1,208€26,764▲
Profit (loss) for the period before taxes9903-€1,208€26,764▲
Income taxes67/77-€5,200
Profit (loss) for the period9904-€1,208€21,565▲
Profit (loss) for the period to be appropriated9905-€1,208€21,565▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1,208€20,356▲
Profit (loss) brought forward from the previous period14P--€1,208

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62-€9,035-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,006--
Other operating charges640/8-€481-
Gross operating margin9900-€202€36,280▲ 18,061%
Operating profit (loss)9901-€1,208€26,764▲ 2,315%
Profit (loss) for the period before taxes9903-€1,208€26,764▲ 2,315%
Income taxes67/77-€5,200-
Profit (loss) for the period9904-€1,208€21,565▲ 1,885%
Profit (loss) for the period to be appropriated9905-€1,208€21,565▲ 1,885%
Line20232024Change
Assets
Total assets20/58€1,352€34,972▲ 2,487%
Formation expenses20€0--
Fixed assets21/28€0--
Intangible fixed assets21€0--
Current assets29/58€1,352€34,972▲ 2,487%
Stocks and contracts in progress3-€1,255-
Stocks30/36-€1,255-
Amounts receivable within one year40/41€1,352€29,279▲ 2,066%
Trade receivables40€1,352€28,901▲ 2,038%
Other amounts receivable41-€378-
Cash at bank and in hand54/58-€4,438-
Equity and liabilities
Total equity and liabilities10/49€1,352€34,972▲ 2,487%
Equity10/15-€1,208€20,356▲ 1,785%
Profit (loss) carried forward14-€1,208€20,356▲ 1,785%
Amounts payable17/49€2,560€14,616▲ 471%
Amounts payable within one year42/48€2,560€12,655▲ 394%
Trade debts44€1,208€2,991▲ 148%
Suppliers440/4€1,208€2,991▲ 148%
Taxes, remuneration and social security45-€8,311-
Taxes450/3-€8,079-
Remuneration and social security454/9-€232-
Other amounts payable47/48€1,352€1,352=
Accrued charges and deferred income492/3-€1,961-
Line20232024Change
Profit (loss) for the period9904-€1,208€21,565▲ 1,885%
+ Depreciation and write-downs630€1,006--
Operating cash flow (approximation)-€202€21,565▲ 10,776%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
26-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
24-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 267 days late
2024
31-12
Financial Back to profitnet €21,565
Net result €21,565 after one loss-making year.
31-12
Financial Liquidity times 5current ratio 2.76
Current ratio from 0.53 to 2.76.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Sint-Jans-Molenbeek · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
63 m²
Building footprint
63 m²
Volume, LiDAR
755 m³
Parcel 21522B0336/00D003, Brussels · tallest building 16.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MY ARTISANAT
Graaf van Vlaanderenstraat 14, 1080 Sint-Jans-MolenbeekWholesale of other household goods
since 20232.346.095.646
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21522B0336/00D003 Brussels 63 m² 1 · 63 m² 16.9 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.

Similar companies · same sector, comparable size

Of 1,173 companies in sector 46499 we hold annual accounts for 743. 295 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
Founded06-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
47784Retail sale of souvenirs and religious articles
46419Wholesale trade
47512Retail sale of household textiles and bedding
47711Retail sale of women's outerwear
47792Retail sale of second-hand clothing
E-invoicing
Reachable via Peppol
Peppol ID 0208:0802426857
Also 9925:BE0802426857
Registered 23-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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