DINALEX
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 29 September 2025
- Supervising judge
- Kim Lauwers
- Official Gazette
- 07-10-2025 (pdf) ↗search the document for 2025/140350
Deadlines
- Appeal or third-party opposition until
- passed on 22 October 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 29 October 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 5 November 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 29 September 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Christophe BaudouxRue De Clairvaux, 40/202, 1348 Louvain-La-Neuvechristophe.baudoux@walk.law
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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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 31-12-2022 was due by 31-07-2023 and was filed on 26-07-2023, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
not filed
2023
not filed
2022
5 d early
2021
30 d late
2020
23 d late
2019
112 d late
2018
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 37 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Public relations and communication consultancy sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€163,221▲ 20.9%
2021 · €135,040
Total assets
€218,943▲ 15.2%
2021 · €190,017
Net result
€28,462▲ 189%
2021 · €9,861
Working capital
€182,100▲ 15.2%
2021 · €158,119
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€32,299-€30,610▼ 5.2%-€8,113€8,306€38,991▲ 369%
Net result€32,329-€28,614▼ 11.5%-€1,274within the sector's middle half€9,861within the sector's middle half€28,462within the sector's middle half▲ 189%
Equity€112,839-€126,453▲ 12.1%€125,179within the sector's middle half▼ 1.0%€135,040within the sector's middle half▲ 7.9%€163,221within the sector's middle half▲ 20.9%
Total assets€215,127-€222,588▲ 3.5%€196,259within the sector's middle half▼ 11.8%€190,017within the sector's middle half▼ 3.2%€218,943within the sector's middle half▲ 15.2%
Debt€102,288-€96,135▼ 6.0%€71,080▼ 26.1%€54,977▼ 22.7%€55,722▲ 1.4%
Working capital€146,332-€155,593▲ 6.3%€149,904above the sector's middle half▼ 3.7%€158,119above the sector's middle half▲ 5.5%€182,100above the sector's middle half▲ 15.2%
Solvency52.5%-56.8%▲ 4.4pp63.8%within the sector's middle half▲ 7.0pp71.1%within the sector's middle half▲ 7.3pp74.5%within the sector's middle half▲ 3.5pp
Current ratio3.54-3.61▲ 0.074.50above the sector's middle half▲ 0.895.96above the sector's middle half▲ 1.455.94above the sector's middle half▼ 0.01
Return on assets (ROA)15.0%-12.9%▼ 2.2pp-0.6%within the sector's middle half▼ 13.5pp5.2%within the sector's middle half▲ 5.8pp13.0%within the sector's middle half▲ 7.8pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 369% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €218,943
Equity
€163,221 ▲ 20.9%
Debt
€55,722 ▲ 1.4%
Debt's share of the balance-sheet total falls from 28.9% to 25.5%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.34▼
2021 · 0.41
ROE
17.4%▲
2021 · 7.3%
Debt ≤ 1 year
€36,843▲
2021 · €31,898
Debt > 1 year
€18,879▼
2021 · €23,079
Income taxes
€15,741▲
2021 · €6,037
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,807 | €3,807 | €3,807 | €3,573 | - | - |
| Other operating charges640/8 | - | - | - | €719 | €306 | ▼ 57.4% |
| Gross operating margin9900 | €37,829 | €35,225 | -€3,614 | €12,598 | €39,297 | ▲ 212% |
| Operating profit (loss)9901 | €32,299 | €30,610 | -€8,113 | €8,306 | €38,991 | ▲ 369% |
| Financial income75/76B | - | - | - | €8,270 | €7,268 | ▼ 12.1% |
| Recurring financial income75 | €8,613 | €5,907 | €7,807 | €8,270 | €7,268 | ▼ 12.1% |
| Financial charges65/66B | - | - | - | €678 | €2,057 | ▲ 203% |
| Recurring financial charges65 | €1,778 | €1,893 | €682 | €678 | €2,057 | ▲ 203% |
| Profit (loss) for the period before taxes9903 | €39,135 | €34,625 | -€988 | €15,898 | €44,203 | ▲ 178% |
| Income taxes67/77 | €6,805 | €6,011 | €286 | €6,037 | €15,741 | ▲ 161% |
| Profit (loss) for the period9904 | €32,329 | €28,614 | -€1,274 | €9,861 | €28,462 | ▲ 189% |
| Profit (loss) for the period to be appropriated9905 | €32,329 | €28,614 | -€1,274 | €9,861 | €28,462 | ▲ 189% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €215,127 | €222,588 | €196,259 | €190,017 | €218,943 | ▲ 15.2% |
| Fixed assets21/28 | €11,186 | €7,379 | €3,573 | - | - | - |
| Tangible fixed assets22/27 | €11,186 | €7,379 | €3,573 | - | - | - |
| Current assets29/58 | €203,942 | €215,208 | €192,686 | €190,017 | €218,943 | ▲ 15.2% |
| Amounts receivable after more than one year29 | - | - | - | €128,000 | €120,000 | ▼ 6.3% |
| Other amounts receivable291 | - | - | - | €128,000 | €120,000 | ▼ 6.3% |
| Amounts receivable within one year40/41 | €22,301 | €43,462 | €36,615 | €45,239 | €79,420 | ▲ 75.6% |
| Trade receivables40 | - | - | - | €15,681 | €21,910 | ▲ 39.7% |
| Other amounts receivable41 | - | - | - | €29,558 | €57,510 | ▲ 94.6% |
| Current investments50/53 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Cash at bank and in hand54/58 | €15,408 | €13,989 | €6,214 | €4,384 | €7,029 | ▲ 60.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €99 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €215,127 | €222,588 | €196,259 | €190,017 | €218,943 | ▲ 15.2% |
| Equity10/15 | €112,839 | €126,453 | €125,179 | €135,040 | €163,221 | ▲ 20.9% |
| Contributions10/11 | €29,729 | €29,729 | - | €29,729 | €29,729 | = |
| Reserves13 | €13,099 | €13,099 | €13,099 | €22,099 | €50,561 | ▲ 129% |
| Non-distributable reserves130/1 | - | - | - | €3,099 | €3,099 | = |
| Reserves not available under the articles1311 | - | - | - | €3,099 | €3,099 | = |
| Distributable reserves133 | - | - | - | €19,000 | €47,462 | ▲ 150% |
| Profit (loss) carried forward14 | €70,012 | €83,626 | €82,352 | €83,213 | €82,932 | ▼ 0.3% |
| Amounts payable17/49 | €102,288 | €96,135 | €71,080 | €54,977 | €55,722 | ▲ 1.4% |
| Amounts payable after more than one year17 | €44,678 | €36,519 | €28,298 | €23,079 | €18,879 | ▼ 18.2% |
| Financial debts170/4 | - | - | - | €23,079 | €18,879 | ▼ 18.2% |
| Amounts payable within one year42/48 | €57,610 | €59,615 | €42,782 | €31,898 | €36,843 | ▲ 15.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,019 | - | - |
| Trade debts44 | €6,522 | €4,178 | €2,840 | €1,649 | €106 | ▼ 93.6% |
| Suppliers440/4 | - | - | - | €1,649 | €106 | ▼ 93.6% |
| Taxes, remuneration and social security45 | - | - | - | €24,230 | €31,737 | ▲ 31.0% |
| Taxes450/3 | - | - | - | €24,230 | €31,737 | ▲ 31.0% |
| Other amounts payable47/48 | - | - | - | €5,000 | €5,000 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,329 | €28,614 | -€1,274 | €9,861 | €28,462 | ▲ 189% |
| + Depreciation and write-downs630 | €3,807 | €3,807 | €3,807 | €3,573 | - | - |
| Operating cash flow (approximation) | €36,136 | €32,420 | €2,532 | €13,434 | €28,462 | ▲ 112% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€1,419 | -€7,775 | -€1,830 | €2,645 | ▲ 245% |
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
07-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 29-09-2025
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €163,221 ▲20.9%
2 profitable years in a row build equity to €163,221.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €9,861
Net result €9,861 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Weakest financial yearnet -€1,274
Net result drops to -€1,274, the lowest in the series.
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 112 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 26 days late
2014
14-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
16-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 1992
Ground area
110 m²
Building footprint
208 m²
Volume, LiDAR
2,568 m³
Parcel 21007A0017/00C008, Brussels · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Establishment
since 19922.059.507.760
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0017/00C008 | Brussels | 110 m² | 1 · 208 m² | 16.0 m · 4 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 | CHRISTOPHE BAUDOUX Rue De Clairvaux, 40/202, 1348 Louvain-La-Neuve |
29-09-2025 → present |
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Of 13,405 companies in this sector we hold annual accounts for 6,906. 5,407 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded15-10-1992
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
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 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.