DYNAMIC SEARCH
ActiveSummary
DYNAMIC SEARCH has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €361,855 and a net result of €77,458. Equity is growing by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 84% of 794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 6.09 against 5.94 in 2024; short-term debt: 16.3% and cash: 86.2% of total assets), and 16.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.7%
Return on assets
17.9%
Age of the figures
12 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-03-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
29 d early
2023
49 d early
2022
39 d early
2021
36 d early
2020
44 d early
2019
40 d early
← 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 41 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 22 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€77,458▲ 3.8%
2024 · €74,606
Working capital
€357,606▲ 18.1%
2024 · €302,820
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 78, Employment 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
Line20212022202320242025
Operating result€31,659▼ 1.9%€67,074▲ 112%€81,152▲ 21.0%€110,438▲ 36.1%€108,978▼ 1.3%
Net result€28,720within the sector's middle half▼ 3.2%€49,106within the sector's middle half▲ 71.0%€58,737above the sector's middle half▲ 19.6%€74,606above the sector's middle half▲ 27.0%€77,458above the sector's middle half▲ 3.8%
Equity€127,742within the sector's middle half▲ 28.0%€176,054within the sector's middle half▲ 37.8%€234,790above the sector's middle half▲ 33.4%€309,397above the sector's middle half▲ 31.8%€361,855above the sector's middle half▲ 17.0%
Total assets€149,715below the sector's middle half▲ 22.7%€202,505below the sector's middle half▲ 35.3%€297,985above the sector's middle half▲ 47.1%€370,705above the sector's middle half▲ 24.4%€432,128above the sector's middle half▲ 16.6%
Debt€21,973▼ 1.0%€26,451▲ 20.4%€63,194▲ 139%€61,308▼ 3.0%€70,273▲ 14.6%
Working capital€108,337within the sector's middle half▲ 44.6%€162,122within the sector's middle half▲ 49.6%€226,225above the sector's middle half▲ 39.5%€302,820above the sector's middle half▲ 33.9%€357,606above the sector's middle half▲ 18.1%
Solvency85.3%above the sector's middle half▲ 3.5pp86.9%above the sector's middle half▲ 1.6pp78.8%above the sector's middle half▼ 8.1pp83.5%above the sector's middle half▲ 4.7pp83.7%above the sector's middle half▲ 0.3pp
Current ratio5.93above the sector's middle half▲ 1.557.13above the sector's middle half▲ 1.204.58above the sector's middle half▼ 2.555.94above the sector's middle half▲ 1.366.09above the sector's middle half▲ 0.15
Return on assets (ROA)19.2%above the sector's middle half▼ 5.1pp24.2%above the sector's middle half▲ 5.1pp19.7%within the sector's middle half▼ 4.5pp20.1%within the sector's middle half▲ 0.4pp17.9%within the sector's middle half▼ 2.2pp
above
within
below
the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €432,128
Fixed assets
€4,248 ▼ 35.4%
Current assets
€427,880 ▲ 17.5%
Equity and liabilities €432,128
Equity
€361,855 ▲ 17.0%
Debt
€70,273 ▲ 14.6%
Debt's share of the balance-sheet total falls from 16.5% to 16.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€113,186▼
2024 · €115,081
Cash flow
€81,666▲
2024 · €79,249
Debt to equity
0.19▼
2024 · 0.20
ROE
21.4%▼
2024 · 24.1%
Interest coverage
1572.03▼
2024 · 1585.35
Debt ≤ 1 year
€70,273▲
2024 · €61,308
Income taxes
€37,048▲
2024 · €35,759
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
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 0.3% 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 31,349 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 | - | €66 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,473 | €5,473 | €5,367 | €4,643 | €4,208 | ▼ 9.4% |
| Other operating charges640/8 | - | - | €348 | €2,020 | €795 | ▼ 60.7% |
| Gross operating margin9900 | €37,546 | €72,614 | €86,867 | €117,101 | €113,981 | ▼ 2.7% |
| Operating profit (loss)9901 | €31,659 | €67,074 | €81,152 | €110,438 | €108,978 | ▼ 1.3% |
| Financial income75/76B | - | - | €0 | - | €5,600 | - |
| Recurring financial income75 | - | - | €0 | - | €5,600 | - |
| Non-recurring financial income76B | - | - | €0 | - | - | - |
| Financial charges65/66B | - | €72 | €72 | €73 | €72 | ▼ 0.8% |
| Recurring financial charges65 | €72 | €72 | €72 | €73 | €72 | ▼ 0.8% |
| Profit (loss) for the period before taxes9903 | €31,587 | €67,002 | €81,080 | €110,365 | €114,506 | ▲ 3.8% |
| Income taxes67/77 | €2,867 | €17,897 | €22,343 | €35,759 | €37,048 | ▲ 3.6% |
| Profit (loss) for the period9904 | €28,720 | €49,106 | €58,737 | €74,606 | €77,458 | ▲ 3.8% |
| Profit (loss) for the period to be appropriated9905 | €28,720 | €49,106 | €58,737 | €74,606 | €77,458 | ▲ 3.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €149,715 | €202,505 | €297,985 | €370,705 | €432,128 | ▲ 16.6% |
| Fixed assets21/28 | €19,405 | €13,932 | €8,565 | €6,577 | €4,248 | ▼ 35.4% |
| Tangible fixed assets22/27 | €19,155 | €13,682 | €8,315 | €6,577 | €4,248 | ▼ 35.4% |
| Furniture and vehicles24 | - | €13,682 | €8,315 | €3,745 | - | - |
| Other tangible fixed assets26 | - | - | - | €2,831 | €4,248 | ▲ 50.1% |
| Financial fixed assets28 | €250 | €250 | €250 | - | - | - |
| Current assets29/58 | €130,309 | €188,573 | €289,420 | €364,128 | €427,880 | ▲ 17.5% |
| Amounts receivable within one year40/41 | €9,529 | €15,730 | €47,465 | €67,440 | €55,266 | ▼ 18.1% |
| Trade receivables40 | - | €15,730 | €19,965 | €34,440 | €21,462 | ▼ 37.7% |
| Other amounts receivable41 | - | - | €27,500 | €33,000 | €33,803 | ▲ 2.4% |
| Current investments50/53 | €120,781 | €172,843 | €241,955 | €175,000 | - | - |
| Cash at bank and in hand54/58 | - | - | - | €121,688 | €372,614 | ▲ 206% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €149,715 | €202,505 | €297,985 | €370,705 | €432,128 | ▲ 16.6% |
| Equity10/15 | €127,742 | €176,054 | €234,790 | €309,397 | €361,855 | ▲ 17.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €58,700 | €106,950 | €165,687 | €240,293 | €292,751 | ▲ 21.8% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €100,750 | €159,487 | €234,093 | €286,551 | ▲ 22.4% |
| Profit (loss) carried forward14 | €7,042 | €7,104 | €7,104 | €7,104 | €7,104 | = |
| Amounts payable17/49 | €21,973 | €26,451 | €63,194 | €61,308 | €70,273 | ▲ 14.6% |
| Amounts payable within one year42/48 | €21,973 | €26,451 | €63,194 | €61,308 | €70,273 | ▲ 14.6% |
| Trade debts44 | €1,900 | €664 | €53 | €336 | €1,199 | ▲ 257% |
| Suppliers440/4 | - | €664 | €53 | €336 | €1,199 | ▲ 257% |
| Taxes, remuneration and social security45 | - | €14,108 | €46,154 | €43,538 | €44,074 | ▲ 1.2% |
| Taxes450/3 | - | €14,108 | €36,154 | €43,538 | €44,074 | ▲ 1.2% |
| Remuneration and social security454/9 | - | - | €10,000 | - | - | - |
| Other amounts payable47/48 | - | €11,680 | €16,987 | €17,434 | €25,000 | ▲ 43.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,720 | €49,106 | €58,737 | €74,606 | €77,458 | ▲ 3.8% |
| + Depreciation and write-downs630 | €5,473 | €5,473 | €5,367 | €4,643 | €4,208 | ▼ 9.4% |
| Operating cash flow (approximation) | €34,194 | €54,579 | €64,104 | €79,249 | €81,666 | ▲ 3.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,654 | -€1,880 | ▲ 29.2% |
| Change in cash | - | - | - | - | €250,926 | - |
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
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €77,458 ▲3.8%
Net result €77,458, the highest in the series.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €200,000Eq €234,790 ▲33.4%
6 profitable years in a row build equity to €234,790.
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Equity above €150,000Eq €176,054 ▲37.8%
5 profitable years in a row build equity to €176,054.
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Equity above €100,000Eq €127,742 ▲28%
4 profitable years in a row build equity to €127,742.
17-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
21-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Brussel · 1 establishment unit since 1988
Ground area
233 m²
Building footprint
117 m²
Volume, LiDAR
1,218 m³
Parcel 21822R0314/00E005, Brussels · tallest building 20.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DYNAMIC SEARCH
since 19882.039.566.342
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0314/00E005 | Brussels | 233 m² | 1 · 117 m² | 20.8 m · 3 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 2,360 companies in sector 78100 we hold annual accounts for 1,364. 957 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
Founded28-07-1988
Fiscal year end30-09
Activities, NACEBEL 2025
78100Employment placement agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434809725
Registered
20-11-2020
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.