Ma.Dam
ActiveMa.Dam has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33k and a net result of €23k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
66
/ 100
Healthy▲ +49 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency27▲+2
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.1 in 2024), and 80.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2025Solvency, return and age of the figures
Solvency
19.2%
Return on assets
13.4%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
23 d early
2023
22 d early
2022
on the day
2021
19 d early
2020
11 d early
2019
3 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€23k
2024 · €-24k
2018: €-2k
2019: €4k
2020: €5k
2021: €18k
2022: €11k
2023: €8k
2024: €-24k
2018 → 2025
Working capital
€20k▲ 32.5%
2024 · €15k
2018: €3k
2019: €8k
2020: €36k
2021: €49k
2022: €42k
2023: €46k
2024: €15k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€46k▼ 6.9%€54k▲ 16.3%€30k▼ 44.1%€33k▲ 10.7%
Operating result€27k-€20k▼ 26.2%€18k▼ 10.0%€-21k€34k
Net result€18k-€11k▼ 41.7%€8k▼ 28.2%€-24k€23k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €34k after a loss of €21k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €174k
Fixed assets
€13k▼ 11.3%
Current assets
€160k▼ 0.1%
Equity and liabilities €174k
Equity
€33k▲ 10.7%
Debt
€140k▼ 3.5%
The debt ratio falls from 82.8% to 80.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€37k▲
2024 · €-18k
Cash flow
€26k▲
2024 · €-21k
Solvency
19.2%▲
2024 · 17.2%
Current ratio
1.14▲
2024 · 1.10
Quick ratio
0.16▲
2024 · 0.14
Debt / equity
4.20▼
2024 · 4.82
ROE
69.5%▲
2024 · -78.9%
ROA
13.4%▲
2024 · -13.6%
Interest coverage
9.12▲
2024 · -4.82
Debt
€140k▼
2024 · €145k
Debt ≤ 1 year
€140k▼
2024 · €145k
Income taxes
€8k▲
2024 · €321
Staff costs
€57k▼
2024 · €57k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€176k€174k▼
Fixed assets21/28€15k€13k▼
Tangible fixed assets22/27€15k€13k▼
Plant, machinery and equipment23€1k€910▼
Furniture and vehicles24€9k€8k▼
Other tangible fixed assets26€5k€5k▼
Current assets29/58€161k€160k▼
Amounts receivable after more than one year29€3k€3k=
Other amounts receivable291€3k€3k=
Stocks and contracts in progress3€140k€138k▼
Stocks30/36€140k€138k▼
Amounts receivable within one year40/41€3k€13k▲
Trade receivables40€3k€8k▲
Other amounts receivable41€748€5k▲
Cash at bank and in hand54/58€10k€7k▼
Deferred charges and accrued income490/1€4k-
Equity and liabilities
Total equity and liabilities10/49€176k€174k▼
Equity10/15€30k€33k▲
Contributions10/11€20k€20k=
Reserves13€406€406=
Distributable reserves133€406€406=
Profit (loss) carried forward14€10k€13k▲
Amounts payable17/49€145k€140k▼
Amounts payable within one year42/48€145k€140k▼
Current portion of amounts payable after more than one year42€4k-
Financial debts43€27k€32k▲
Credit institutions430/8€27k€32k▲
Trade debts44€70k€47k▼
Suppliers440/4€70k€47k▼
Taxes, remuneration and social security45€19k€9k▼
Taxes450/3€10k€835▼
Remuneration and social security454/9€9k€8k▼
Other amounts payable47/48€26k€52k▲
Income statement
Code20242025
Remuneration, social security and pensions62€57k€57k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€41k€95k▲
Operating profit (loss)9901€-21k€34k▲
Financial income75/76B€937€687▼
Recurring financial income75€937€687▼
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€-24k€31k▲
Income taxes67/77€321€8k▲
Profit (loss) for the period9904€-24k€23k▲
Profit (loss) for the period to be appropriated9905€-24k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€33k▲
Profit (loss) brought forward from the previous period14P€34k€10k▼
Profit to be distributed694/7-€20k
Return on contributions (dividend)694-€20k
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-24k ▼414%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Herve · 1 establishment unit since 2016
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.
Outre-Cour 1224651 Herve1 establishment unit
Ma.Dam
since 20162.249.968.151
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Of 2,200 companies in sector 47711 we hold annual accounts for 889. 673 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-02-2016
Fiscal year end31-12
Activities, NACEBEL
47711Retail sale of women's outerwear
47750Retail sale of cosmetics and toilet articles
47722Retail trade
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
47784Retail sale of souvenirs and religious articles
47786Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filings
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.