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Complete company report
Generated 16-08-2026
Active BE 0686.984.583Private limited companyOpen bankruptcy

DAMAS CORP

· 8 yrs active
Sector: Diensten voor personenvervoer op aanvraag per voertuig met chauffeur (49330)
Conclusion Checked

A bankruptcy procedure is open for DAMAS CORP according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €14k and a net result of €5k.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €14k
Net result €5k
Staff (FTE) 0.2
Active 8 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health12Profitability100Solvency54Growth32Stability0
40 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 12
Profitability 100
Solvency 54
Growth 32
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2020 · computed
12 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview4 NBB filings
Annual accounts filed on 26-09-2024 with the NBB · fiscal year 2022 · micro
€-5k€0€5k€10k€15kOperating result 2019: €15k€15kNet result 2019: €13k€13kOperating result 2020: €-2k€-2kNet result 2020: €5k€5k20192020
Operating resultNet result
EBITDA
€10k
-61.8% 19-20
Net profit
€5k
-64.3% 19-20
Cash flow
€17k
-32.0% 19-20
Total assets
€60k
-8.9% 19-20
Equity
€14k
-31.1% 19-20
Working capital
€8k
+21.2% 19-20
Employees (FTE)
0
-50.0% 19-20
Debt
€47k
+0.7% 19-20
Show 8 other metrics
Debt ≤ 1y
€14k
+63.5% 19-20
Debt > 1y
€32k
-13.9% 19-20
Current ratio
1.53
-10.9% 19-20
Quick ratio
1.53
-10.9% 19-20
Solvency
23.0%
-24.4% 19-20
Debt / equity
2.32
+25.0% 19-20
ROE
32.6%
-48.1% 19-20
ROA
7.5%
-60.8% 19-20
Figures by fiscal year
Fiscal year2020
Depositmicro
Revenue-
EBITDA€10k
Net profit€5k
Cash flow€17k
Staff costs-
Income taxes-
Dividends-
Total assets€60k
Equity€14k
Debt€47k
of which ≤ 1y€14k
of which > 1y€32k
Working capital€8k
Employees (FTE)0.2
Ratios (computed)
2020
Current ratio1.53
Quick ratio1.53
Working capital ratio12.6%
Solvency23.0%
Debt / equity2.32
Long-term debt ratio2.32
Interest coverage-
Gross margin-
Net margin-
ROA7.5%
ROE32.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€60k
Fixed assets 21/28€39k
Tangible fixed assets 22/27€38k
Financial fixed assets 28€120
Current assets 29/58€22k
Amounts receivable within one year 40/41€13k
Cash & bank 54/58€8k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€60k
Equity 10/15€14k
Reserves 13€2k
Accumulated profits (losses) 14€5k
Amounts payable 17/49€47k
Amounts payable after one year 17€32k
Amounts payable within one year 42/48€14k
Trade debts payable within one year 44€9k
Income statement
Gross operating margin 9900€18k
Operating result 9901€-2k
Financial income 75€346
Financial charges 65€4k
Result before taxes 9903€-6k
Net result for the period 9904€-6k
Result to be appropriated 9905€-6k
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Former directors (2)
  • RAMADAN Rehab
    Director
    State Gazette act 24111801 (24-07-2024)
    Former
    24-07-2024 → 30-09-2024
    2 events
    • 30-09-2024 Resigned· Director
    • 24-07-2024 Appointed· Director
  • AL RAMADAN Wled
    Director
    State Gazette act 24111801 (24-07-2024)
    Former
    - → 24-07-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates1 person
Role Name Tenure Source
Curator WINNY TIRMARCHE
A. DE COCKPLEIN 9, 1831 DIEGEM
 01-07-2025 → present Belgian State Gazette
Legal Structure
NACE primary Diensten voor personenvervoer op aanvraag per voertuig met chauffeur(49330)
Legal form Private limited company(610)
Incorporation03-01-2018
StatusActive
Postal code-
First BS signal 11-07-2025
Latest BS signal 11-07-2025
Establishment units 5 locations
HERAT 111
Personenvervoer over de weg zonder dienstregeling
since 20182.271.179.972
herat114
Léopold Wienerlaan 87, 1170 Watermaal-BosvoordePersonenvervoer over de weg volgens dienstregeling
since 20192.317.747.692
herat113
Waterloosesteenweg 834, 1180 UkkelPersonenvervoer over de weg volgens dienstregeling
since 20192.317.747.001
herat111
Heizelstraat 76B, 1020 BrusselPersonenvervoer over de weg zonder dienstregeling
since 20202.317.747.395
herat112
Emile Wautersstraat 30, 1020 BrusselPersonenvervoer over de weg volgens dienstregeling
since 20202.317.748.088
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (16.7%) Brussels 5 (83.3%)
Parcel (capakey) Region Area Buildings Height / fl.
22002C0073/00N009 Flanders 1.1 ha 1 · 865 m² 42.8 m · 14 fl.
21018A0021/00H000 Brussels 4,787 m² 1 · 741 m² 29.7 m · 9 fl.
21017D0367/00Z002 Brussels 2,834 m² 1 · 523 m² 20.8 m · 5 fl.
21612C0096/00L000
ProtectedMonumentTraditionneel huis en voormalige herbergSource ↗
 Brussels 609 m² 1 · 112 m² 13.4 m · 4 fl.
21816C0010/00V014 Brussels 165 m² 1 · 77 m² 19.5 m · 5 fl.
21816C0017/00C004 Brussels 141 m² 1 · 141 m² 14.0 m · 4 fl.
Methodology
via registered seat: 1 · via establishment units: 5
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
11-07-2025
Bankruptcy Opening
Ondernemingsrechtbank Brussel · DAMAS CORP BV STEENWEG OP MECHELEN 455, 1950 KRAAINEM · event 01-07-2025
2024
06-11-2024
State Gazette act Capital & shares
26-09-2024
NBB filing Annual accounts filed
fiscal year 2022 · micro
24-07-2024
State Gazette act Capital & shares
2022
20-09-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
24-10-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
02-02-2021
NBB filing Annual accounts filed
fiscal year 2019 · micro
Lifecycle & Insolvency Signals1 events
11-07-2025
Bankruptcy Opening
Date: 01-07-2025 · Ondernemingsrechtbank Brussel · DAMAS CORP BV STEENWEG OP MECHELEN 455, 1950 KRAAINEM · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-07-11 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 10 acts read

We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts
Capital history · 2
06-11-2024
Capital change
24-07-2024
Capital change
All acts · 2 updated 1 year ago
2024
06-11-2024 Transaction in capital or shares Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "AL RAMADAN Wled",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 100,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-11-06",
    "filing_date": null,
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2024-10-28",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-09-30"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0686.984.583",
    "name_full": "DAMAS CORP",
    "legal_form": "Besloten vennootschap",
    "_kbo_filled_from_list": true,
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "AL RAMADAN Wled",
      "role": "Bestuurder",
      "n_shares": 100,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
24-07-2024 Transaction in capital or shares Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "AL RAMADAN Wled",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": null,
          "contribution_amount_eur": null
        },
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "RAMADAN Rehab",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 5,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Srussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-07-24",
    "filing_date": null,
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2024-07-11",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-07-12"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0686.984.583",
    "name_full": "DAMAS CORP",
    "legal_form": "B.V.",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "Uittreksel uit het verslag van de buitengewone algemene vergadering"
  ],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "AL RAMADAN Wled",
      "role": "bestuurder",
      "n_shares": 95,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "RAMADAN Rehab",
      "role": "aandeelhouder",
      "n_shares": 5,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Exploitatie van taxi's49320Diensten voor personenvervoer op aanvraag per voertuig met chauffeur49330Personenvervoer over de weg zonder dienstregeling49320Overig personenvervoer te land, n.e.g.49390
Primary activity highlighted.
Names & trade names
Legal nameNL DAMAS CORP
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative