DYNACAD
ActiveSummary
DYNACAD has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€96,831) and a net result of -€15,439. Equity has been shrinking by about 5% per year since 2018. Its solvency ranks better than 5% of 9,848 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-01-1992 Normal situation
- Activity
- Wholesale of electrical equipment, including installation materials NACE 46643
- Establishment unit
- 2.055.939.843 1170 Watermaal-Bosvoorde, since 31-01-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 21-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.1%
- Gross margin
- -€11,995
- ▼ 952%
- Loss
- €15,439
- ▲ 319%
- Equity
- -€96,831
- ▼ 19.0%
- Total assets
- €50,504
- ▼ 23.0%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityLoss of €15,439, the second in a row (financial year 2025)Negative equity -€96,831lowers riskSize: total assets €50,504Founded in 1992Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 6% of them on solvency, 10% on liquidity, 6% on profitability and 20% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 34 filings
Every figure per financial year
The operating result for 2025 is a loss of €15,247, larger than the loss of €3,396 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €869 | €4,052 | - | €7,406 | - |
| Financial fixed assets | - | €288 | - | - | - |
| Depreciation and write-downs of the year | €678 | €621 | €1,080 | €1,869 | €2,852 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,779 | €1,779 | €1,479 | €678 | €621 | €1,080 | €1,869 | €2,852 | ▲ 52.6% |
| Other operating charges640/8 | - | - | - | €1,189 | €1,199 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€6,907 | -€8,894 | €20,952 | -€25,353 | €8,973 | €429 | -€1,140 | -€11,995 | ▼ 952% |
| Operating profit (loss)9901 | -€9,640 | -€11,840 | €18,291 | -€27,220 | €7,152 | -€1,036 | -€3,396 | -€15,247 | ▼ 349% |
| Financial income75/76B | - | - | - | €421 | - | - | €37 | - | - |
| Recurring financial income75 | €897 | €56 | - | €421 | - | - | €37 | - | - |
| Financial charges65/66B | - | - | - | €193 | €243 | €286 | €326 | €192 | ▼ 41.1% |
| Recurring financial charges65 | €530 | €165 | €163 | €193 | €243 | €286 | €326 | €192 | ▼ 41.1% |
| Profit (loss) for the period before taxes9903 | -€8,676 | -€11,949 | €18,128 | -€26,992 | €6,909 | -€1,321 | -€3,685 | -€15,439 | ▼ 319% |
| Income taxes67/77 | €482 | €996 | €481 | €727 | €503 | €47 | - | - | - |
| Profit (loss) for the period9904 | -€9,158 | -€12,945 | €17,647 | -€27,719 | €6,406 | -€1,368 | -€3,685 | -€15,439 | ▼ 319% |
| Profit (loss) for the period to be appropriated9905 | -€9,158 | -€12,945 | €17,647 | -€27,719 | €6,406 | -€1,368 | -€3,685 | -€15,439 | ▼ 319% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €166,710 | €121,136 | €117,109 | €68,855 | €72,437 | €61,453 | €65,610 | €50,504 | ▼ 23.0% |
| Fixed assets21/28 | €3,887 | €2,108 | €630 | €821 | €4,539 | €3,314 | €8,708 | €5,856 | ▼ 32.7% |
| Tangible fixed assets22/27 | €3,887 | €2,108 | €630 | €821 | €4,251 | €3,171 | €8,708 | €5,856 | ▼ 32.7% |
| Furniture and vehicles24 | - | - | - | €821 | €2,091 | €1,251 | €7,028 | €4,416 | ▼ 37.2% |
| Other tangible fixed assets26 | - | - | - | €0 | €2,160 | €1,920 | €1,680 | €1,440 | ▼ 14.3% |
| Financial fixed assets28 | - | - | - | - | €288 | €143 | - | - | - |
| Current assets29/58 | €162,823 | €119,028 | €116,479 | €68,035 | €67,898 | €58,140 | €56,902 | €44,647 | ▼ 21.5% |
| Stocks and contracts in progress3 | €119,507 | €100,747 | €94,771 | €50,287 | €48,970 | €43,127 | €51,924 | €41,587 | ▼ 19.9% |
| Stocks30/36 | - | - | - | €50,287 | €48,970 | €43,127 | €51,924 | €41,587 | ▼ 19.9% |
| Amounts receivable within one year40/41 | €38,031 | €12,961 | €15,514 | €6,909 | €15,520 | €5,963 | €2,317 | - | - |
| Trade receivables40 | - | - | - | €6,413 | €10,573 | €5,958 | €2,317 | - | - |
| Other amounts receivable41 | - | - | - | €497 | €4,947 | €5 | - | - | - |
| Cash at bank and in hand54/58 | €3,722 | €3,557 | €4,472 | €9,390 | €1,860 | €8,313 | €2,660 | €3,060 | ▲ 15.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,449 | €1,548 | €736 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €166,710 | €121,136 | €117,109 | €68,855 | €72,437 | €61,453 | €65,610 | €50,504 | ▼ 23.0% |
| Equity10/15 | -€59,728 | -€72,673 | -€55,026 | -€82,745 | -€76,339 | -€77,707 | -€81,392 | -€96,831 | ▼ 19.0% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Capital10 | - | - | - | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Issued capital100 | - | - | - | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Profit (loss) carried forward14 | -€134,096 | -€147,041 | -€129,394 | -€157,113 | -€150,707 | -€152,075 | -€155,760 | -€171,200 | ▼ 9.9% |
| Amounts payable17/49 | €226,438 | €193,809 | €172,135 | €151,601 | €148,776 | €139,160 | €147,002 | €147,335 | ▲ 0.2% |
| Amounts payable within one year42/48 | €226,438 | €193,809 | €172,135 | €151,601 | €148,776 | €139,160 | €146,622 | €147,335 | ▲ 0.5% |
| Financial debts43 | - | - | - | - | €36 | - | - | - | - |
| Credit institutions430/8 | - | - | - | - | €36 | - | - | - | - |
| Trade debts44 | €11,255 | €2,959 | €3,476 | €2,668 | €2,138 | €3,383 | €1,403 | €1,222 | ▼ 12.9% |
| Suppliers440/4 | - | - | - | €2,668 | €2,081 | €3,383 | €1,403 | €1,222 | ▼ 12.9% |
| Bills of exchange payable441 | - | - | - | - | €57 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €2,203 | €1,962 | €1,168 | €495 | €714 | ▲ 44.4% |
| Taxes450/3 | - | - | - | €2,203 | €1,962 | €1,168 | €495 | €714 | ▲ 44.4% |
| Other amounts payable47/48 | - | - | - | €146,729 | €144,640 | €134,609 | €144,725 | €145,399 | ▲ 0.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €380 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,158 | -€12,945 | €17,647 | -€27,719 | €6,406 | -€1,368 | -€3,685 | -€15,439 | ▼ 319% |
| + Depreciation and write-downs630 | €1,779 | €1,779 | €1,479 | €678 | €621 | €1,080 | €1,869 | €2,852 | ▲ 52.6% |
| Operating cash flow (approximation) | -€7,379 | -€11,166 | €19,126 | -€27,041 | €7,028 | -€288 | -€1,816 | -€12,587 | ▼ 593% |
| Investment in fixed assets (approximation) | - | €0 | -€0 | -€869 | -€4,340 | €145 | -€7,264 | €0 | - |
| Change in cash | - | -€165 | €915 | €4,918 | -€7,530 | €6,453 | -€5,653 | €400 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as DYNACAD has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DYNACAD itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for DYNACAD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-07-2026 | 2026-00383830 | |
| 31-12-2024 | micro format | 20-08-2025 | 2025-00399901 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00446856 | |
| 31-12-2022 | micro format | 26-05-2023 | 2023-00104891 | |
| 31-12-2021 | micro format | 12-08-2022 | 2022-20289710 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-56900241 | |
| 31-12-2019 | micro format | 03-09-2020 | 2020-50500039 | |
| 31-12-2018 | micro format | 26-11-2019 | 2019-74400333 | |
| 31-12-2017 | micro format | 14-12-2018 | 2018-75100431 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-57700060 |
Board & ownership
Directors
Owners and capital
Shareholders
- WASLET Albert all shares · 100%
Capital transactions
- 22-02-2024 Capital stated in the deed · €74,368.06 · 3,000 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| WASLET Albert |
|
| Alice Bottelier |
|
| Tambuyser Laurence |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Consentement administrateur unique, sa révocation”“Rémunération administrateur, à l'occasion de chaque nomination, l'assemblée générale décide, si et dans quelle mesure le mandat…”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Nominatives, tout actionnaire peut prendre connaissance”
- Records ruleThis rule says which registers the company keeps, such as the share register, and how.
- “Sauf quand les décisions de l'assemblée générale doivent être constatées par acte authentique, les expéditions et extraits des…”
- Profit allocationThe articles set how profit is distributed. A BV may only pay out after a balance-sheet and liquidity test.
- “L'assemblée annuelle peut, sur proposition du conseil d'administration, décider qu'une partie ou que la totalité du solde des bénéfices soit…”
Audit, dissolution and liquidation
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Si plusieurs liquidateurs sont nommés, l'assemblée générale décide s'ils représentent la société seuls, conjointement ou collégialement, à…”“Les liquidateurs sont compétents pour accomplir toutes les opérations prévues par la loi sauf l'assemblée générale en décide autrement, à la…”
Articles of association, deed of 22-02-2024 (in French)
Network & group
DYNACAD shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of DYNACAD. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
22-02
Gazette deed
Amendment of the articles · Resignations & appointmentsResignations: WASLET Albert, Tambuyser Laurence and Alice Bottelier · Reappointment: WASLET Albert (sole director) · Shareholding15 points ▸
- General meeting, 26-12-2023
- WASLET Albert holds all the shares
- Incorporation, 07-01-1992
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €74,368.06
- Director resignation, WASLET Albert (director)
- Director resignation, Tambuyser Laurence (director)
- Director resignation, Alice Bottelier (director)
- Director discharge, WASLET Albert
- Director discharge, Tambuyser Laurence
- Director discharge, Alice Bottelier
- Board rule, 1
- The act holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
5 activities
- La distribution, l'importation, l'exportation et la fabrication de matériel informatique, électrotechnique, de programmes de traitement de données, prestation de tous services y afférents et toute autre activité destinée à favoriser l'objet social de la société
- Toutes opérations commerciales, industrielles et financières, immobilières et mobilières, se rapportant directement ou indirectement à son objet social ou susceptibles de favoriser son développement
- Prendre la direction et le contrôle, en sa qualité d'administrateur, liquidateur ou autrement, de sociétés affiliées ou filiales, et leur prodiguer des avis
- Prendre des participations dans d'autres sociétés ou entreprises existantes ou à créer, que ce soit en Belgique ou à l'étranger, dont l'objet social serait semblable ou analogue au sien ou de nature à favoriser son objet social, par voie d'apport en espèces ou en nature, de fusion, de souscription, de participation, d'intervention financière ou autrement
- Consentir tous prêts ou garantir tous prêts consentis par des tiers à des sociétés affiliées
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21017D0065/00X009 | Brussels | 689 m² | 1 · 188 m² | 11.1 m · 3 |