DYMAX
ActiveSummary
DYMAX has been active since 2004 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show equity of €92,903 and a net result of €9,725. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 18% of 6550 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▲+1
Solvency31▼-2
Growth52=
Track record92
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.92 in 2023; short-term debt: 75.5% and cash: 3.9% of total assets), and 93.6% of the assets are financed with debt.
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Signals
Seven 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 6550 sector peers (2024).
NBB · sector comparisonPosition among 6550 sector peers
Solvency
better than 18%
← weakest
strongest →
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 20-05-2025, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
72 d early
2023
41 d early
2022
80 d early
2021
80 d early
2020
25 d late
2019
111 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 23 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawal
History
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Financials · fiscal year 2024, full schema
Turnover
€320,409
EBIT margin
12.9%
Net result
€9,725▲ 166%
2023 · €3,651
Working capital
€354,718▼ 30.0%
2023 · €506,849
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail 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
Line20202021202220232024
Turnover
Operating result€2,375▼ 94.2%-€17,324€13,913€8,588▼ 38.3%€12,633▲ 47.1%
Net result€167within the sector's middle half▼ 99.6%-€20,492below the sector's middle half€10,410within the sector's middle half€3,651within the sector's middle half▼ 64.9%€9,725within the sector's middle half▲ 166%
EBIT margin
Equity€89,609within the sector's middle half▲ 0.2%€69,117within the sector's middle half▼ 22.9%€79,527within the sector's middle half▲ 15.1%€83,178within the sector's middle half▲ 4.6%€92,903within the sector's middle half▲ 11.7%
Total assets€330,456above the sector's middle half▼ 26.9%€764,922above the sector's middle half▲ 131%€541,012within the sector's middle half▼ 29.3%€1.1mwithin the sector's middle half▲ 95.6%€1.5mwithin the sector's middle half▲ 37.6%
Debt€240,847▼ 33.5%€695,805▲ 189%€457,360▼ 34.3%€975,197▲ 113%€1.4m▲ 39.8%
Working capital€63,562within the sector's middle half▼ 37.1%€55,542within the sector's middle half▼ 12.6%€299,296within the sector's middle half▲ 439%€506,849within the sector's middle half▲ 69.3%€354,718within the sector's middle half▼ 30.0%
Solvency27.1%within the sector's middle half▲ 7.3pp9.0%within the sector's middle half▼ 18.1pp14.7%within the sector's middle half▲ 5.7pp7.9%below the sector's middle half▼ 6.8pp6.4%below the sector's middle half▼ 1.5pp
Current ratio1.26within the sector's middle half▼ 0.031.08within the sector's middle half▼ 0.182.28within the sector's middle half▲ 1.201.92within the sector's middle half▼ 0.361.32within the sector's middle half▼ 0.60
Return on assets (ROA)0.1%within the sector's middle half▼ 8.2pp-2.7%below the sector's middle half▼ 2.7pp1.9%within the sector's middle half▲ 4.6pp0.3%within the sector's middle half▼ 1.6pp0.7%within the sector's middle half▲ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 47% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€2,401 ▲ 131%
Current assets
€1.5m ▲ 37.5%
Equity and liabilities €1.5m
Equity
€92,903 ▲ 11.7%
Debt
€1.4m ▲ 39.8%
Debt's share of the balance-sheet total rises from 92.1% to 93.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,583▼
2023 · €16,980
Cash flow
€10,675▼
2023 · €12,044
Quick ratio
0.22▼
2023 · 0.79
Debt to equity
14.68▲
2023 · 11.72
ROE
10.5%▲
2023 · 4.4%
Interest coverage
64.76▲
2023 · 19.23
Debt ≤ 1 year
€1.1m▲
2023 · €550,487
Debt > 1 year
€264,215▼
2023 · €424,711
Income taxes
€2,698▼
2023 · €4,053
Staff costs
€40,082▲
2023 · €28,181
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,214 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,214 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €21,847 | €31,182 | €28,181 | €40,082 | ▲ 42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,303 | €12,472 | €7,893 | €8,393 | €950 | ▼ 88.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€826 | - | - | - | - |
| Other operating charges640/8 | - | €30,532 | €1,113 | €1,156 | €569 | ▼ 50.7% |
| Gross operating margin9900 | €52,777 | €46,702 | €54,100 | €46,317 | €54,234 | ▲ 17.1% |
| Operating profit (loss)9901 | €2,375 | -€17,324 | €13,913 | €8,588 | €12,633 | ▲ 47.1% |
| Financial income75/76B | - | €56 | - | - | - | - |
| Recurring financial income75 | €11 | €56 | - | - | - | - |
| Financial charges65/66B | - | -€11 | €294 | €883 | €210 | ▼ 76.2% |
| Recurring financial charges65 | €527 | -€11 | €294 | €883 | €210 | ▼ 76.2% |
| Profit (loss) for the period before taxes9903 | €1,860 | -€17,257 | €13,619 | €7,705 | €12,423 | ▲ 61.2% |
| Income taxes67/77 | €1,693 | €3,235 | €3,209 | €4,053 | €2,698 | ▼ 33.4% |
| Profit (loss) for the period9904 | €167 | -€20,492 | €10,410 | €3,651 | €9,725 | ▲ 166% |
| Profit (loss) for the period to be appropriated9905 | €167 | -€20,492 | €10,410 | €3,651 | €9,725 | ▲ 166% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €330,456 | €764,922 | €541,012 | €1.1m | €1.5m | ▲ 37.6% |
| Fixed assets21/28 | €26,047 | €13,575 | €7,932 | €1,039 | €2,401 | ▲ 131% |
| Tangible fixed assets22/27 | €25,046 | €12,574 | €6,931 | €39 | €1,400 | ▲ 3,531% |
| Plant, machinery and equipment23 | - | - | €1,800 | €39 | €1,400 | ▲ 3,531% |
| Furniture and vehicles24 | - | €12,574 | €5,131 | - | - | - |
| Financial fixed assets28 | €1,001 | €1,001 | €1,001 | €1,001 | €1,001 | = |
| Current assets29/58 | €304,409 | €751,347 | €533,080 | €1.1m | €1.5m | ▲ 37.5% |
| Stocks and contracts in progress3 | €128,474 | €476,081 | €258,753 | €621,484 | €1.2m | ▲ 94.6% |
| Stocks30/36 | - | €476,081 | €258,753 | €621,484 | €1.2m | ▲ 94.6% |
| Amounts receivable within one year40/41 | €131,343 | €260,223 | €242,742 | €407,154 | €186,925 | ▼ 54.1% |
| Trade receivables40 | - | €253,398 | €242,742 | €407,154 | €186,925 | ▼ 54.1% |
| Other amounts receivable41 | - | €6,825 | - | - | - | - |
| Cash at bank and in hand54/58 | €42,760 | €13,258 | €31,586 | €28,699 | €57,361 | ▲ 99.9% |
| Deferred charges and accrued income490/1 | - | €1,784 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €330,456 | €764,922 | €541,012 | €1.1m | €1.5m | ▲ 37.6% |
| Equity10/15 | €89,609 | €69,117 | €79,527 | €83,178 | €92,903 | ▲ 11.7% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | - | - |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | - | - |
| Outside capital11 | - | - | - | - | €61,500 | - |
| Share premium1100/10 | - | - | - | - | €61,500 | - |
| Reserves13 | €1,238 | €1,238 | €1,238 | €1,238 | €1,238 | = |
| Non-distributable reserves130/1 | - | €1,238 | €1,238 | €1,238 | €1,238 | = |
| Legal reserve130 | - | €1,238 | €1,238 | €1,238 | €1,238 | = |
| Profit (loss) carried forward14 | €26,871 | €6,379 | €16,788 | €20,440 | €30,165 | ▲ 47.6% |
| Provisions and deferred taxes16 | - | - | €4,125 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €4,125 | - | - | - |
| Pensions and similar obligations160 | - | - | €4,125 | - | - | - |
| Amounts payable17/49 | €240,847 | €695,805 | €457,360 | €975,197 | €1.4m | ▲ 39.8% |
| Amounts payable after more than one year17 | - | - | €223,576 | €424,711 | €264,215 | ▼ 37.8% |
| Financial debts170/4 | - | - | €223,576 | €424,711 | €264,215 | ▼ 37.8% |
| Amounts payable within one year42/48 | €240,847 | €695,805 | €233,784 | €550,487 | €1.1m | ▲ 99.7% |
| Trade debts44 | €146,577 | €578,088 | €228,961 | €543,945 | €1.1m | ▲ 98.2% |
| Suppliers440/4 | - | €578,088 | €228,961 | €543,945 | €1.1m | ▲ 98.2% |
| Taxes, remuneration and social security45 | - | €9,713 | €4,823 | €6,542 | €21,113 | ▲ 223% |
| Taxes450/3 | - | €5,102 | €4,823 | €6,542 | €21,113 | ▲ 223% |
| Remuneration and social security454/9 | - | €4,610 | - | - | - | - |
| Other amounts payable47/48 | - | €108,004 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €167 | -€20,492 | €10,410 | €3,651 | €9,725 | ▲ 166% |
| + Depreciation and write-downs630 | €12,303 | €12,472 | €7,893 | €8,393 | €950 | ▼ 88.7% |
| Operating cash flow (approximation) | €12,470 | -€8,020 | €18,303 | €12,044 | €10,675 | ▼ 11.4% |
| Investment in fixed assets (approximation) | - | €0 | -€2,250 | -€1,500 | -€2,311 | ▼ 54.1% |
| Change in cash | - | -€29,502 | €18,328 | -€2,888 | €28,662 | ▲ 1,093% |
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
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €10,410
Net result €10,410 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.28
Current ratio from 1.08 to 2.28; short-term debt falls from €695,805 to €233,784.
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€20,492
Net result drops to -€20,492, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
2019
09-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 40 days late
21-01
KBO administration
Strikeout withdrawal
event 28-12-2018
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 880 days late
04-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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-Pieters-Woluwe · 1 establishment unit since 2004
Ground area
2,119 m²
Building footprint
600 m²
Volume, LiDAR
6,823 m³
Parcel 21683D0283/00N000, Brussels · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
DYMAX
since 20042.139.379.144
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0283/00N000 | Brussels | 2,119 m² | 1 · 600 m² | 14.8 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.
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Of 2,016 companies in sector 47770 we hold annual accounts for 899. 705 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-08-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46480Wholesale trade
47770Retail sale of watches and jewellery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866717368
Also
9925:BE0866717368
Registered
21-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.