DYNAMIC PHARMA
ActiveSummary
DYNAMIC PHARMA has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€43,571) and a net result of €45,384. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 4231 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+20
Solvency22▲+2
Growth63=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.25 against 1.1 in 2024; short-term debt: 28.5% and cash: 2.1% 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○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 10% of 4231 sector peers (2025).
NBB · sector comparisonPosition among 4231 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
72 d early
2023
19 d late
2022
6 d early
2021
17 d late
2020
30 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€3.0m▲ 0.6%
2018 · €3.0m
EBIT margin
4.7%▲ 10.8pp
2018 · -6.1%
Net result
€45,384
2024 · -€5,134
Working capital
€100,403▲ 67.7%
2024 · €59,882
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
Line20212022202320242025
Turnover
Operating result€230,849▲ 289%€75,492▼ 67.3%-€156,874€20,356€69,094▲ 239%
Net result€167,434above the sector's middle half▲ 529%€31,563within the sector's middle half▼ 81.1%-€185,233below the sector's middle half-€5,134below the sector's middle half▲ 97.2%€45,384within the sector's middle half
EBIT margin
Equity€69,849within the sector's middle half€101,412within the sector's middle half▲ 45.2%-€83,821below the sector's middle half-€88,955below the sector's middle half▼ 6.1%-€43,571below the sector's middle half▲ 51.0%
Total assets€2.4mabove the sector's middle half▼ 1.1%€2.1mwithin the sector's middle half▼ 12.6%€1.9mwithin the sector's middle half▼ 10.4%€1.6mwithin the sector's middle half▼ 12.9%€1.4mwithin the sector's middle half▼ 12.7%
Debt€2.3m▼ 6.8%€2.0m▼ 14.3%€2.0m▼ 1.6%€1.7m▼ 12.1%€1.5m▼ 14.7%
Working capital€509,880above the sector's middle half▲ 70.7%€398,180within the sector's middle half▼ 21.9%€138,228within the sector's middle half▼ 65.3%€59,882within the sector's middle half▼ 56.7%€100,403within the sector's middle half▲ 67.7%
Solvency2.9%below the sector's middle half▲ 5.9pp4.8%below the sector's middle half▲ 1.9pp-4.5%below the sector's middle half▼ 9.3pp-5.4%below the sector's middle half▼ 1.0pp-3.1%below the sector's middle half▲ 2.4pp
Current ratio1.67within the sector's middle half▲ 0.361.70within the sector's middle half▲ 0.031.20within the sector's middle half▼ 0.491.10within the sector's middle half▼ 0.101.25within the sector's middle half▲ 0.15
Return on assets (ROA)7.0%within the sector's middle half▲ 5.9pp1.5%within the sector's middle half▼ 5.5pp-9.9%below the sector's middle half▼ 11.4pp-0.3%within the sector's middle half▲ 9.6pp3.2%within the sector's middle half▲ 3.5pp
Staff (FTE)10within the sector's middle half=10.7within the sector's middle half▲ 7.0%10.7within the sector's middle half=9.7within the sector's middle half▼ 9.3%8.5within the sector's middle half▼ 12.4%
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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 239% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€918,899 ▼ 6.5%
Current assets
€506,180 ▼ 22.1%
Key figures and ratios
EBITDA
€150,192▲
2024 · €104,192
Cash flow
€126,482▲
2024 · €78,702
Quick ratio
0.55▼
2024 · 0.65
Debt to equity
-33.71▼
2024 · -19.36
Interest coverage
6.41▲
2024 · 4.14
Debt ≤ 1 year
€405,777▼
2024 · €590,212
Debt > 1 year
€1.0m▼
2024 · €1.1m
Income taxes
€270▼
2024 · €733
Staff costs
€600,087▼
2024 · €695,746
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.4%
went bankrupt
3.2%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 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 1,379 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €571,957 | €619,310 | €703,054 | €695,746 | €600,087 | ▼ 13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73,281 | €76,156 | €82,561 | €83,836 | €81,098 | ▼ 3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €270 | €0 | - | - | - | - |
| Other operating charges640/8 | €10,828 | €10,789 | €11,102 | €11,628 | €10,642 | ▼ 8.5% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €887,183 | €781,748 | €639,843 | €811,566 | €760,921 | ▼ 6.2% |
| Operating profit (loss)9901 | €230,849 | €75,492 | -€156,874 | €20,356 | €69,094 | ▲ 239% |
| Financial income75/76B | €256 | €36 | €99 | €412 | €0 | ▼ 100% |
| Recurring financial income75 | €256 | €36 | €99 | €412 | €0 | ▼ 100% |
| Financial charges65/66B | €34,763 | €26,846 | €27,984 | €25,169 | €23,441 | ▼ 6.9% |
| Recurring financial charges65 | €34,763 | €26,846 | €27,984 | €25,169 | €23,441 | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | €196,342 | €48,683 | -€184,759 | -€4,401 | €45,654 | ▲ 1,137% |
| Income taxes67/77 | €28,908 | €17,121 | €473 | €733 | €270 | ▼ 63.2% |
| Profit (loss) for the period9904 | €167,434 | €31,563 | -€185,233 | -€5,134 | €45,384 | ▲ 984% |
| Profit (loss) for the period to be appropriated9905 | €167,434 | €31,563 | -€185,233 | -€5,134 | €45,384 | ▲ 984% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.1m | €1.9m | €1.6m | €1.4m | ▼ 12.7% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €983,061 | €918,899 | ▼ 6.5% |
| Intangible fixed assets21 | - | €659 | €343 | €26 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1.1m | €1.1m | €1.1m | €979,263 | €915,058 | ▼ 6.6% |
| Land and buildings22 | €1.1m | €1.1m | €1.0m | €931,777 | €871,252 | ▼ 6.5% |
| Plant, machinery and equipment23 | €61,174 | €55,477 | €49,839 | €44,202 | €38,565 | ▼ 12.8% |
| Furniture and vehicles24 | €1,468 | €7,363 | €5,205 | €3,284 | €5,242 | ▲ 59.6% |
| Financial fixed assets28 | €3,772 | €3,772 | €3,772 | €3,772 | €3,841 | ▲ 1.8% |
| Current assets29/58 | €1.3m | €968,254 | €812,790 | €650,095 | €506,180 | ▼ 22.1% |
| Stocks and contracts in progress3 | €276,839 | €304,363 | €266,082 | €264,787 | €281,923 | ▲ 6.5% |
| Stocks30/36 | €276,839 | €304,363 | €266,082 | €264,787 | €281,923 | ▲ 6.5% |
| Amounts receivable within one year40/41 | €956,977 | €621,382 | €500,245 | €335,338 | €179,836 | ▼ 46.4% |
| Trade receivables40 | €125,200 | €120,643 | €138,220 | €150,269 | €137,023 | ▼ 8.8% |
| Other amounts receivable41 | €831,777 | €500,740 | €362,025 | €185,068 | €42,812 | ▼ 76.9% |
| Cash at bank and in hand54/58 | €29,623 | €37,234 | €29,391 | €35,031 | €29,994 | ▼ 14.4% |
| Deferred charges and accrued income490/1 | €10,527 | €5,275 | €17,072 | €14,939 | €14,427 | ▼ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.1m | €1.9m | €1.6m | €1.4m | ▼ 12.7% |
| Equity10/15 | €69,849 | €101,412 | -€83,821 | -€88,955 | -€43,571 | ▲ 51.0% |
| Contributions10/11 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Capital10 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Issued capital100 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Reserves13 | - | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Non-distributable reserves130/1 | - | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Legal reserve130 | - | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Profit (loss) carried forward14 | €4,849 | €29,912 | -€155,321 | -€160,455 | -€115,071 | ▲ 28.3% |
| Amounts payable17/49 | €2.3m | €2.0m | €2.0m | €1.7m | €1.5m | ▼ 14.7% |
| Amounts payable after more than one year17 | €1.5m | €1.3m | €1.2m | €1.1m | €1.0m | ▼ 6.6% |
| Financial debts170/4 | €540,145 | €394,270 | €276,755 | €155,219 | €87,066 | ▼ 43.9% |
| Other amounts payable178/9 | €950,234 | €950,234 | €950,234 | €950,234 | €945,234 | ▼ 0.5% |
| Amounts payable within one year42/48 | €764,086 | €570,074 | €674,562 | €590,212 | €405,777 | ▼ 31.2% |
| Current portion of amounts payable after more than one year42 | €142,738 | €145,875 | €144,900 | €121,536 | €68,152 | ▼ 43.9% |
| Financial debts43 | €15,000 | €22,161 | €18,508 | €15,490 | €15,692 | ▲ 1.3% |
| Credit institutions430/8 | €15,000 | €22,161 | €18,508 | €15,490 | €15,692 | ▲ 1.3% |
| Trade debts44 | €295,712 | €302,212 | €303,186 | €263,991 | €191,509 | ▼ 27.5% |
| Suppliers440/4 | €295,712 | €302,212 | €303,186 | €263,991 | €191,509 | ▼ 27.5% |
| Taxes, remuneration and social security45 | €71,890 | €75,405 | €90,427 | €85,007 | €74,278 | ▼ 12.6% |
| Taxes450/3 | €9,468 | €8,855 | €11,446 | €11,965 | €8,754 | ▼ 26.8% |
| Remuneration and social security454/9 | €62,422 | €66,550 | €78,981 | €73,042 | €65,523 | ▼ 10.3% |
| Other amounts payable47/48 | €238,747 | €24,423 | €117,542 | €104,188 | €56,146 | ▼ 46.1% |
| Accrued charges and deferred income492/3 | €71,126 | €77,594 | €57,782 | €26,445 | €30,573 | ▲ 15.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €167,434 | €31,563 | -€185,233 | -€5,134 | €45,384 | ▲ 984% |
| + Depreciation and write-downs630 | €73,281 | €76,156 | €82,561 | €83,836 | €81,098 | ▼ 3.3% |
| Operating cash flow (approximation) | €240,714 | €107,719 | -€102,672 | €78,702 | €126,482 | ▲ 60.7% |
| Investment in fixed assets (approximation) | - | -€80,012 | -€19,953 | -€4,175 | -€16,936 | ▼ 306% |
| Change in cash | - | €7,611 | -€7,844 | €5,640 | -€5,036 | ▼ 189% |
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
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 20 days late
2025
31-12
Financial
Back to profitnet €45,384
Net result €45,384 after 2 loss-making years.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 19 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €100,000Eq €101,412 ▲45.2%
4 profitable years in a row build equity to €101,412.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
31-12
Financial
Highest result since 2018net €167,434 ▲529%
Operating result €230,849, net result €167,434, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
31-12
Financial
Back to profitnet €107,037
Net result €107,037 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 11 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, Arlon · 1 establishment unit since 2011
Ground area
1,944 m²
Building footprint
449 m²
Parcel 81001A1339/00Y000, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Rue de l'Abattoir 1, 6700 Arlon
since 20112.193.966.487
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81001A1339/00Y000 | Wallonia | 1,944 m² | 1 · 449 m² | - |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- ExpansionPharma
- DYNAMIC PHARMA
Highest known parent: ExpansionPharma. The sources do not say who stands above it.
Owners 1
- ExpansionPharmaparent99%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 5,220 companies in sector 47730 we hold annual accounts for 3,862. 3,422 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
Founded24-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831334045
Also
9925:BE0831334045
Registered
26-01-2026
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.