DYBEX
ActiveSummary
DYBEX has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€296,609) and a net result of €488,658. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 18% of 877 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+25
Solvency8▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.99 against 0.98 in 2023; short-term debt: 101.1% and cash: 0.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer 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 2024Solvency, return and age of the figures
Solvency
-16.6%
Return on assets
27.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 877 sector peers (2024).
NBB · sector comparisonPosition among 877 sector peers
Solvency
better than 18%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-11-2025, 111 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
111 d late
2023
82 d late
2022
136 d late
2021
100 d late
2020
90 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 102 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€296,609▲ 62.2%
2023 · -€785,267
Total assets
€1.8m▲ 4.7%
2023 · €1.7m
Net result
€488,658▲ 439%
2023 · €90,723
Working capital
-€23,003▲ 30.8%
2023 · -€33,256
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 58, Publishing activities, 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
Line20202021202220232024
Operating result€13,833€204,914▲ 1,381%€84,039▼ 59.0%€90,958▲ 8.2%€488,722▲ 437%
Net result€14,191within the sector's middle half€209,532above the sector's middle half▲ 1,377%€84,367above the sector's middle half▼ 59.7%€90,723above the sector's middle half▲ 7.5%€488,658above the sector's middle half▲ 439%
Equity-€1.2mbelow the sector's middle half▲ 1.2%-€960,357below the sector's middle half▲ 17.9%-€875,990below the sector's middle half▲ 8.8%-€785,267below the sector's middle half▲ 10.4%-€296,609below the sector's middle half▲ 62.2%
Total assets€422,168above the sector's middle half▼ 2.7%€1.2mabove the sector's middle half▲ 175%€1.2mabove the sector's middle half▲ 5.1%€1.7mabove the sector's middle half▲ 39.8%€1.8mabove the sector's middle half▲ 4.7%
Debt€1.6m▼ 1.6%€2.1m▲ 33.2%€2.1m▼ 1.2%€2.5m▲ 18.9%€2.1m▼ 16.4%
Working capital-€913,778below the sector's middle half▲ 1.5%-€83,338below the sector's middle half▲ 90.9%-€99,951below the sector's middle half▼ 19.9%-€33,256below the sector's middle half▲ 66.7%-€23,003below the sector's middle half▲ 30.8%
Solvency-277.1%below the sector's middle half▼ 4.3pp-82.8%below the sector's middle half▲ 194.3pp-71.8%below the sector's middle half▲ 11.0pp-46.0%below the sector's middle half▲ 25.8pp-16.6%below the sector's middle half▲ 29.4pp
Current ratio0.31below the sector's middle half=0.93within the sector's middle half▲ 0.620.92within the sector's middle half▼ 0.010.98within the sector's middle half▲ 0.060.99within the sector's middle half▲ 0.01
Return on assets (ROA)3.4%within the sector's middle half▲ 8.1pp18.1%above the sector's middle half▲ 14.7pp6.9%within the sector's middle half▼ 11.1pp5.3%within the sector's middle half▼ 1.6pp27.4%above the sector's middle half▲ 22.0pp
Staff (FTE)0.1below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 58, Publishing 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 2022 the operating result has climbed two years in a row; 2024 is 437% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.8m
Fixed assets
€3,510 ▲ 5.4%
Current assets
€1.8m ▲ 4.7%
Key figures and ratios
EBITDA
€488,842▲
2023 · €91,078
Cash flow
€488,778▲
2023 · €90,843
Quick ratio
0.66▼
2023 · 0.72
Debt to equity
-7.02▼
2023 · -3.17
Interest coverage
2764.48▲
2023 · 267.07
Debt ≤ 1 year
€1.8m▲
2023 · €1.7m
Debt > 1 year
€277,116▼
2023 · €725,348
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 317 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 92% are still going.
- Small
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
4.1%
stopped otherwise
92%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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%.
| 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 317 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,522 | €18,614 | €489,131 | ▲ 2,528% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €300 | €120 | €120 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €22,905 | - | - |
| Other operating charges640/8 | - | €181 | €209 | - | - | - |
| Non-recurring operating charges66A | - | - | €6,042 | €1,100 | - | - |
| Gross operating margin9900 | €27,101 | €205,095 | €90,590 | €115,083 | €488,842 | ▲ 325% |
| Operating profit (loss)9901 | €13,833 | €204,914 | €84,039 | €90,958 | €488,722 | ▲ 437% |
| Financial income75/76B | - | €5,057 | €500 | €106 | €113 | ▲ 6.7% |
| Recurring financial income75 | €3,412 | €5,057 | €500 | €106 | €113 | ▲ 6.7% |
| Financial charges65/66B | - | €438 | €171 | €341 | €177 | ▼ 48.1% |
| Recurring financial charges65 | €3,054 | €438 | €171 | €341 | €177 | ▼ 48.1% |
| Profit (loss) for the period before taxes9903 | €14,191 | €209,532 | €84,367 | €90,723 | €488,658 | ▲ 439% |
| Profit (loss) for the period9904 | €14,191 | €209,532 | €84,367 | €90,723 | €488,658 | ▲ 439% |
| Profit (loss) for the period to be appropriated9905 | €14,191 | €209,532 | €84,367 | €90,723 | €488,658 | ▲ 439% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €422,168 | €1.2m | €1.2m | €1.7m | €1.8m | ▲ 4.7% |
| Fixed assets21/28 | €3,090 | €3,090 | €3,090 | €3,330 | €3,510 | ▲ 5.4% |
| Tangible fixed assets22/27 | - | - | - | €240 | €420 | ▲ 75.0% |
| Plant, machinery and equipment23 | - | - | - | €240 | €420 | ▲ 75.0% |
| Financial fixed assets28 | €3,090 | €3,090 | €3,090 | €3,090 | €3,090 | = |
| Current assets29/58 | €419,078 | €1.2m | €1.2m | €1.7m | €1.8m | ▲ 4.7% |
| Amounts receivable after more than one year29 | - | - | - | €76,704 | €66,080 | ▼ 13.9% |
| Other amounts receivable291 | - | - | - | €76,704 | €66,080 | ▼ 13.9% |
| Stocks and contracts in progress3 | €230,249 | €306,827 | €349,535 | €455,718 | €587,246 | ▲ 28.9% |
| Stocks30/36 | - | €306,827 | €349,535 | €455,718 | €587,246 | ▲ 28.9% |
| Amounts receivable within one year40/41 | €166,866 | €782,344 | €864,194 | €1.1m | €1.1m | ▲ 0.8% |
| Trade receivables40 | - | €679,234 | €741,854 | €1.0m | €1.1m | ▲ 9.9% |
| Other amounts receivable41 | - | €103,110 | €122,340 | €112,237 | €22,073 | ▼ 80.3% |
| Cash at bank and in hand54/58 | €21,964 | €67,726 | €2,647 | €52,338 | €2,618 | ▼ 95.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €422,168 | €1.2m | €1.2m | €1.7m | €1.8m | ▲ 4.7% |
| Equity10/15 | -€1.2m | -€960,357 | -€875,990 | -€785,267 | -€296,609 | ▲ 62.2% |
| Contributions10/11 | €440,000 | €440,000 | €440,000 | €440,000 | €440,000 | = |
| Reserves13 | €2,808 | €2,808 | €44,000 | €44,000 | €44,000 | = |
| Non-distributable reserves130/1 | - | €2,808 | €44,000 | €44,000 | €44,000 | = |
| Reserves not available under the articles1311 | - | €2,808 | €44,000 | €44,000 | €44,000 | = |
| Profit (loss) carried forward14 | -€1.6m | -€1.4m | -€1.4m | -€1.3m | -€780,609 | ▲ 38.5% |
| Amounts payable17/49 | €1.6m | €2.1m | €2.1m | €2.5m | €2.1m | ▼ 16.4% |
| Amounts payable after more than one year17 | €230,000 | €849,777 | €749,137 | €725,348 | €277,116 | ▼ 61.8% |
| Other amounts payable178/9 | - | €849,777 | €749,137 | €725,348 | €277,116 | ▼ 61.8% |
| Amounts payable within one year42/48 | €1.3m | €1.2m | €1.3m | €1.7m | €1.8m | ▲ 4.0% |
| Financial debts43 | - | €35,206 | €35,138 | €35,000 | €36,800 | ▲ 5.1% |
| Credit institutions430/8 | - | €35,206 | €35,138 | €35,000 | €36,800 | ▲ 5.1% |
| Trade debts44 | €587,153 | €1.1m | €1.2m | €1.6m | €1.8m | ▲ 8.8% |
| Suppliers440/4 | - | €1.1m | €1.2m | €1.6m | €1.8m | ▲ 8.8% |
| Advances received on contracts in progress46 | - | €81,500 | €81,500 | €81,500 | €6,500 | ▼ 92.0% |
| Accrued charges and deferred income492/3 | - | €30,332 | €29,992 | €29,992 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,191 | €209,532 | €84,367 | €90,723 | €488,658 | ▲ 439% |
| + Depreciation and write-downs630 | - | - | €300 | €120 | €120 | = |
| Operating cash flow (approximation) | €14,191 | €209,532 | €84,667 | €90,843 | €488,778 | ▲ 438% |
| Investment in fixed assets (approximation) | - | €0 | -€300 | -€360 | -€300 | ▲ 16.7% |
| Change in cash | - | €45,763 | -€65,080 | €49,691 | -€49,720 | ▼ 200% |
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
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 111 days late
2024
31-12
Financial
Highest result since 2018net €488,658 ▲439%
Operating result €488,722, net result €488,658, both a record.
21-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 82 days late
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 136 days late
2022
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 100 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Back to profitnet €14,191
Net result €14,191 after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 86 days late
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 211 days late
2018
12-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 255 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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-Genesius-Rode · 1 establishment unit since 1996
Ground area
961 m²
Building footprint
219 m²
Volume, LiDAR
941 m³
Parcel 22004A0005/00S002, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DYBEX
since 19962.077.339.726
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22004A0005/00S002 | Flanders | 961 m² | 1 · 219 m² | 7.2 m · 2 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 718 companies in sector 58190 we hold annual accounts for 214. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-03-1996
Fiscal year end31-12
Abbreviation FR
DYNAMICr - DYNAMICr VISIONS (BENELUX)
Trade name FR
New Way Multi Media Store
Activities, NACEBEL 2025
58110Book publishing
58190Other publishing activities, excluding software publishing
59113Video and film production, excluding cinema and television films
59130Motion picture, video and television programme production, sound recording and music publishing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457561470
Registered
31-12-2025
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.