DYNAMIC SERVICES
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-07-2026 at the NBB all 49 filings
Turnover
≈ €1.2m
Estimated: probably between €750,000 and €1.5m
Total assets
€812,136▲ 11.1%
2024 · €731,278
Net result
€84,388▼ 33.5%
2024 · €126,974
Working capital
€279,740▲ 28.6%
2024 · €217,546
In the rankings
#3 oldest company in Wavre, Real estate sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€165,387
▼ 27.7%
2025
20182025
Net result
€84,388
▼ 33.5%
2025
highest quarter of the sector
20182025
Equity
€505,439
▲ 11.8%
2025
highest quarter of the sector
20182025
Total assets
€812,136
▲ 11.1%
2025
middle half of the sector
20182025
Debt
€306,697
▲ 9.8%
2025
20182025
Working capital
€279,740
▲ 28.6%
2025
highest quarter of the sector
20182025
Solvency
62.2%
▲ 0.4pp
2025
middle half of the sector
20182025
Current ratio
3.37
▲ 0.28
2025
highest quarter of the sector
20182025
Return on assets (ROA)
10.4%
▼ 7.0pp
2025
highest quarter of the sector
20182025
Staff (FTE)
5.3
▲ 6.0%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€71,784-€53,535▼ 25.4%-€2,872€52,334€17,868▼ 65.9%€231,099▲ 13×€228,674▼ 1.0%€165,387▼ 27.7%
Net result€55,285-€36,952▼ 33.2%-€6,989within the sector's middle half€32,825within the sector's middle half-€4,398within the sector's middle half€122,017above the sector's middle half€126,974above the sector's middle half▲ 4.1%€84,388above the sector's middle half▼ 33.5%
Equity€216,670-€243,622▲ 12.4%€226,633within the sector's middle half▼ 7.0%€259,458within the sector's middle half▲ 14.5%€223,060within the sector's middle half▼ 14.0%€345,077above the sector's middle half▲ 54.7%€452,051above the sector's middle half▲ 31.0%€505,439above the sector's middle half▲ 11.8%
Total assets€249,953-€340,747▲ 36.3%€315,659within the sector's middle half▼ 7.4%€351,440within the sector's middle half▲ 11.3%€624,666within the sector's middle half▲ 77.7%€723,494within the sector's middle half▲ 15.8%€731,278within the sector's middle half▲ 1.1%€812,136within the sector's middle half▲ 11.1%
Debt€33,283-€97,125▲ 192%€89,026▼ 8.3%€91,982▲ 3.3%€353,143▲ 284%€310,280▼ 12.1%€279,227▼ 10.0%€306,697▲ 9.8%
Working capital€159,283-€200,211▲ 25.7%€149,682above the sector's middle half▼ 25.2%€184,951above the sector's middle half▲ 23.6%€108,826within the sector's middle half▼ 41.2%€213,733above the sector's middle half▲ 96.4%€217,546above the sector's middle half▲ 1.8%€279,740above the sector's middle half▲ 28.6%
Solvency86.7%-71.5%▼ 15.2pp71.8%above the sector's middle half▲ 0.3pp73.8%above the sector's middle half▲ 2.0pp35.7%within the sector's middle half▼ 38.1pp47.7%within the sector's middle half▲ 12.0pp61.8%within the sector's middle half▲ 14.1pp62.2%within the sector's middle half▲ 0.4pp
Current ratio5.79-4.87▼ 0.923.69above the sector's middle half▼ 1.183.64above the sector's middle half▼ 0.051.73within the sector's middle half▼ 1.912.75within the sector's middle half▲ 1.023.10above the sector's middle half▲ 0.353.37above the sector's middle half▲ 0.28
Return on assets (ROA)22.1%-10.8%▼ 11.3pp-2.2%below the sector's middle half▼ 13.1pp9.3%above the sector's middle half▲ 11.6pp-0.7%within the sector's middle half▼ 10.0pp16.9%above the sector's middle half▲ 17.6pp17.4%above the sector's middle half▲ 0.5pp10.4%above the sector's middle half▼ 7.0pp
Staff (FTE)3.5-3.3▼ 5.7%3above the sector's middle half▼ 9.1%3.5▲ 16.7%4.8▲ 37.1%5▲ 4.2%5=5.3▲ 6.0%
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 28% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €812,136
Fixed assets
€414,599 ▲ 1.1%
Current assets
€397,537 ▲ 23.8%
Equity and liabilities €812,136
Equity
€505,439 ▲ 11.8%
Debt
€306,697 ▲ 9.8%
Debt's share of the balance-sheet total falls from 38.2% to 37.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€217,428▼
2024 · €277,010
Cash flow
€136,429▼
2024 · €175,310
Debt to equity
0.61▼
2024 · 0.62
ROE
16.7%▼
2024 · 28.1%
Interest coverage
3.56▲
2024 · 3.55
Debt ≤ 1 year
€117,796▲
2024 · €103,632
Debt > 1 year
€188,900▲
2024 · €174,454
Income taxes
€36,608▲
2024 · €25,517
Staff costs
€294,475▲
2024 · €253,484
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 4 | 5 | 5 | 5 |
| full-time | 4 | 4 | 5 | 5 | 5 |
| part-time | - | - | - | - | 0 |
| in full-time equivalents | 4 | 4 | 5 | 5 | 5 |
| Average over the year, in full-time equivalents | 3.5 | 4.8 | 5 | 5 | 5.3 |
| On a permanent contract | 4 | 4 | 5 | 5 | 4 |
| Joined | 1 | 1 | 2 | - | 2 |
| Left | 0 | 1 | 1 | - | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €12,828 | €348,262 | €66,339 | €73,827 | €56,540 |
| Intangible fixed assets | - | - | €11,604 | - | - |
| Depreciation and write-downs of the year | €26,687 | €64,945 | €57,413 | €48,336 | €52,041 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €151,509 | €211,402 | €252,674 | €253,484 | €294,475 | ▲ 16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,172 | €23,298 | €18,297 | €26,687 | €64,945 | €57,413 | €48,336 | €52,041 | ▲ 7.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €48,462 | €19,675 | -€68,137 | €0 | - |
| Other operating charges640/8 | - | - | - | €4,428 | €8,286 | €9,204 | €8,415 | €3,767 | ▼ 55.2% |
| Gross operating margin9900 | €226,316 | €194,455 | €155,950 | €234,958 | €350,963 | €570,065 | €470,773 | €515,670 | ▲ 9.5% |
| Operating profit (loss)9901 | €71,784 | €53,535 | -€2,872 | €52,334 | €17,868 | €231,099 | €228,674 | €165,387 | ▼ 27.7% |
| Financial income75/76B | - | - | - | €89 | €527 | €942 | €1,856 | €16,622 | ▲ 795% |
| Recurring financial income75 | €1,577 | €3 | €1 | €89 | €527 | €942 | €1,856 | €16,622 | ▲ 795% |
| Financial charges65/66B | - | - | - | €1,290 | €5,647 | €57,960 | €78,040 | €61,012 | ▼ 21.8% |
| Recurring financial charges65 | €498 | €1,071 | €1,451 | €1,290 | €5,647 | €57,960 | €78,040 | €61,012 | ▼ 21.8% |
| Profit (loss) for the period before taxes9903 | €72,864 | €52,467 | -€4,323 | €51,133 | €12,748 | €174,081 | €152,490 | €120,997 | ▼ 20.7% |
| Income taxes67/77 | €17,579 | €15,515 | €2,666 | €18,308 | €17,146 | €52,064 | €25,517 | €36,608 | ▲ 43.5% |
| Profit (loss) for the period9904 | €55,285 | €36,952 | -€6,989 | €32,825 | -€4,398 | €122,017 | €126,974 | €84,388 | ▼ 33.5% |
| Profit (loss) for the period to be appropriated9905 | €55,285 | €36,952 | -€6,989 | €32,825 | -€4,398 | €122,017 | €126,974 | €84,388 | ▼ 33.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €249,953 | €340,747 | €315,659 | €351,440 | €624,666 | €723,494 | €731,278 | €812,136 | ▲ 11.1% |
| Formation expenses20 | - | - | - | - | €447 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €57,388 | €88,745 | €110,318 | €96,459 | €366,823 | €387,800 | €410,100 | €414,599 | ▲ 1.1% |
| Intangible fixed assets21 | €350 | €0 | €0 | - | - | €9,626 | €7,306 | €4,985 | ▼ 31.8% |
| Tangible fixed assets22/27 | €57,038 | €88,745 | €110,318 | €96,459 | €366,823 | €378,173 | €402,794 | €409,614 | ▲ 1.7% |
| Land and buildings22 | - | - | - | €20,038 | €293,077 | €306,161 | €329,850 | €319,365 | ▼ 3.2% |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - | €2,062 | €1,648 | ▼ 20.1% |
| Furniture and vehicles24 | - | - | - | €40,997 | €55,728 | €53,944 | €55,278 | €39,195 | ▼ 29.1% |
| Leasing and similar rights25 | - | - | - | €24,247 | €5,283 | €0 | €0 | €36,267 | - |
| Other tangible fixed assets26 | - | - | - | €11,177 | €12,734 | €18,068 | €15,604 | €13,139 | ▼ 15.8% |
| Current assets29/58 | €192,565 | €252,002 | €205,342 | €254,981 | €257,396 | €335,694 | €321,178 | €397,537 | ▲ 23.8% |
| Amounts receivable within one year40/41 | €45,438 | €70,433 | €36,643 | €52,999 | €83,039 | €104,052 | €118,370 | €71,737 | ▼ 39.4% |
| Trade receivables40 | - | - | - | €38,235 | €58,444 | €97,367 | €73,174 | €37,013 | ▼ 49.4% |
| Other amounts receivable41 | - | - | - | €14,764 | €24,595 | €6,685 | €45,195 | €34,724 | ▼ 23.2% |
| Cash at bank and in hand54/58 | €141,740 | €171,809 | €157,037 | €187,570 | €144,482 | €217,296 | €192,239 | €312,492 | ▲ 62.6% |
| Deferred charges and accrued income490/1 | - | - | - | €14,412 | €29,875 | €14,345 | €10,569 | €13,308 | ▲ 25.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €249,953 | €340,747 | €315,659 | €351,440 | €624,666 | €723,494 | €731,278 | €812,136 | ▲ 11.1% |
| Equity10/15 | €216,670 | €243,622 | €226,633 | €259,458 | €223,060 | €345,077 | €452,051 | €505,439 | ▲ 11.8% |
| Contributions10/11 | €37,000 | €37,000 | - | €37,184 | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Reserves13 | €42,718 | €62,718 | €62,718 | €93,718 | €61,718 | €91,718 | €121,718 | €140,718 | ▲ 15.6% |
| Non-distributable reserves130/1 | - | - | - | €3,718 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €3,718 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Distributable reserves133 | - | - | - | €83,000 | €54,718 | €84,718 | €114,718 | €133,718 | ▲ 16.6% |
| Profit (loss) carried forward14 | €136,768 | €143,720 | €126,731 | €128,556 | €124,158 | €216,175 | €293,148 | €327,537 | ▲ 11.7% |
| Provisions and deferred taxes16 | - | - | - | - | €48,462 | €68,137 | €0 | - | - |
| Deferred taxes168 | - | - | - | - | €48,462 | €68,137 | €0 | - | - |
| Amounts payable17/49 | €33,283 | €97,125 | €89,026 | €91,982 | €353,143 | €310,280 | €279,227 | €306,697 | ▲ 9.8% |
| Amounts payable after more than one year17 | - | €45,334 | €33,306 | €21,146 | €203,967 | €187,571 | €174,454 | €188,900 | ▲ 8.3% |
| Financial debts170/4 | - | - | - | €21,146 | €203,967 | €187,571 | €174,454 | €188,900 | ▲ 8.3% |
| Amounts payable within one year42/48 | €33,283 | €51,791 | €55,660 | €70,030 | €148,570 | €121,961 | €103,632 | €117,796 | ▲ 13.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,159 | €17,859 | €16,396 | €13,117 | €21,598 | ▲ 64.7% |
| Financial debts43 | - | - | - | €188 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €188 | - | - | - | - | - |
| Trade debts44 | €5,854 | €11,339 | €10,202 | €30,896 | €61,357 | €24,008 | €26,378 | €27,590 | ▲ 4.6% |
| Suppliers440/4 | - | - | - | €30,896 | €61,357 | €24,008 | €26,378 | €27,590 | ▲ 4.6% |
| Taxes, remuneration and social security45 | - | - | - | €26,486 | €38,654 | €81,256 | €44,837 | €39,213 | ▼ 12.5% |
| Taxes450/3 | - | - | - | €873 | €3,714 | €33,210 | €9,987 | €8,484 | ▼ 15.1% |
| Remuneration and social security454/9 | - | - | - | €25,613 | €34,940 | €48,046 | €34,850 | €30,729 | ▼ 11.8% |
| Other amounts payable47/48 | - | - | - | €300 | €30,700 | €300 | €19,300 | €29,395 | ▲ 52.3% |
| Accrued charges and deferred income492/3 | - | - | - | €805 | €607 | €748 | €1,141 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,285 | €36,952 | -€6,989 | €32,825 | -€4,398 | €122,017 | €126,974 | €84,388 | ▼ 33.5% |
| + Depreciation and write-downs630 | €16,172 | €23,298 | €18,297 | €26,687 | €64,945 | €57,413 | €48,336 | €52,041 | ▲ 7.7% |
| Operating cash flow (approximation) | €71,457 | €60,250 | €11,308 | €59,512 | €60,547 | €179,430 | €175,310 | €136,429 | ▼ 22.2% |
| Investment in fixed assets (approximation) | - | -€54,656 | -€39,869 | -€12,828 | -€335,309 | -€78,391 | -€70,636 | -€56,540 | ▲ 20.0% |
| Change in cash | - | €30,069 | -€14,772 | €30,533 | -€43,089 | €72,814 | -€25,057 | €120,253 | - |
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, 31,368 companies had the same profile as DYNAMIC SERVICES has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DYNAMIC SERVICES itself: < 0.1% 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 31,368 companies, not a prediction for DYNAMIC SERVICES. 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 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-07-2026 | 2026-00325213 | |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00457977 | |
| 31-12-2023 | micro format | 09-09-2024 | 2024-00456392 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00406591 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20405475 | |
| 31-12-2020 | micro format | 04-08-2021 | 2021-45800476 | |
| 31-12-2019 | micro format | 28-07-2020 | 2020-36100161 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-42800113 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-60600516 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-48900593 |