DYNAMIC VECTORS
Dissolved and wound up on 26-06-2026Financials · financial year 2025, full format, 2026 accounts filed
Annual accounts 2026 filed on 03-11-2026 at the NBB all 27 filings
The figures for financial year 2026 will follow.
Turnover
≈ €590,000
Estimated: probably between €360,000 and €1.0m
EBIT margin
Not included in this filing
Net result
€70,009▼ 66.0%
2024 · €205,628
Working capital
€1.6m▲ 5.8%
2024 · €1.5m
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€11,003
▼ 96.0%
2025
20182025
Net result
€70,009
▼ 66.0%
2025
20182025
Equity
€1.6m
▲ 4.6%
2025
20182025
Total assets
€1.7m
▼ 5.9%
2025
20182025
Debt
€69,377
▼ 71.5%
2025
20182025
Working capital
€1.6m
▲ 5.8%
2025
20182025
Staff (FTE)
2
▼ 47.4%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.1m-€0.2m▲ 47.3%€0.4m▲ 153%€0.4m▼ 14.2%€0.3m▼ 11.0%€0.3m▲ 3.4%€0.3m▼ 14.8%€0.01m▼ 96.0%
Net result€0.07m-€0.1m▲ 50.1%€0.3m▲ 171%€0.3m▼ 13.4%€0.2m▼ 14.2%€0.2m▲ 3.1%€0.2m▼ 11.2%€0.07m▼ 66.0%
Equity€0.3m-€0.3m▲ 4.9%€0.6m▲ 99.9%€0.9m▲ 43.3%€1.1m▲ 25.9%€1.3m▲ 21.2%€1.5m▲ 15.5%€1.6m▲ 4.6%
Total assets€0.4m-€0.5m▲ 12.9%€0.9m▲ 78.7%€1.2m▲ 35.6%€1.4m▲ 20.9%€1.7m▲ 19.3%€1.8m▲ 6.3%€1.7m▼ 5.9%
Debt€0.1m-€0.2m▲ 30.1%€0.2m▲ 41.8%€0.3m▲ 16.8%€0.3m▲ 5.7%€0.3m▲ 12.7%€0.2m▼ 29.2%€0.07m▼ 71.5%
Working capital€0.4m-€0.3m▼ 2.1%€0.6m▲ 79.2%€0.9m▲ 43.7%€1.0m▲ 15.8%€1.3m▲ 24.2%€1.5m▲ 17.1%€1.6m▲ 5.8%
Staff (FTE)3-3=3=4▲ 33.3%3.7▼ 7.5%4▲ 8.1%3.8▼ 5.0%2▼ 47.4%
The operating result for 2025 is 96% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€13,228 ▼ 46.3%
Current assets
€1.7m ▼ 5.3%
Equity and liabilities €1.7m
Equity
€1.6m ▲ 4.6%
Debt
€69,377 ▼ 71.5%
Debt's share of the balance-sheet total falls from 13.7% to 4.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,388▼
2024 · €290,512
Cash flow
€81,394▼
2024 · €217,640
Current ratio
26.24▲
2024 · 7.19
Debt to equity
0.04▼
2024 · 0.16
ROE
4.4%▼
2024 · 13.5%
ROA
4.2%▼
2024 · 11.6%
Interest coverage
11.32▼
2024 · over 100
Debt ≤ 1 year
€63,061▼
2024 · €243,130
Income taxes
€32,040▼
2024 · €77,374
Staff costs
€207,021▼
2024 · €333,569
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 | 4 | 3 | - |
| full-time | 4 | 4 | 4 | 3 | - |
| in full-time equivalents | 4 | 4 | 4 | 3 | - |
| Average over the year, in full-time equivalents | 4 | 3.7 | 4 | 3.8 | 2 |
| On a permanent contract | 3 | 3 | 3 | 2 | - |
| Joined | 1 | 1 | - | 0 | 0 |
| Left | 0 | 1 | - | 1 | 3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,562 | €43,169 | €2,809 | €5,782 | - |
| Depreciation and write-downs of the year | €17,131 | €23,657 | €26,514 | €12,013 | €11,386 |
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 | - | - | - | €311,087 | €314,740 | €353,845 | €333,569 | €207,021 | ▼ 37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,790 | €16,838 | €15,895 | €17,131 | €23,657 | €26,514 | €12,013 | €11,386 | ▼ 5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €97,000 | - | - | €21,502 | - |
| Other operating charges640/8 | - | - | - | €222,628 | €124,448 | €126,849 | €131,383 | €1,078 | ▼ 99.2% |
| Gross operating margin9900 | €460,703 | €477,994 | €742,349 | €905,701 | €875,806 | €834,024 | €755,464 | €251,990 | ▼ 66.6% |
| Operating profit (loss)9901 | €111,105 | €163,652 | €413,362 | €354,855 | €315,960 | €326,816 | €278,499 | €11,003 | ▼ 96.0% |
| Financial income75/76B | - | - | - | €24 | €0 | €2,068 | €6,017 | €93,024 | ▲ 15× |
| Recurring financial income75 | €459 | €208 | €47 | €24 | €0 | €2,068 | €6,017 | €93,024 | ▲ 15× |
| Financial charges65/66B | - | - | - | €842 | €10,219 | €2,279 | €1,514 | €1,978 | ▲ 30.6% |
| Recurring financial charges65 | €827 | €887 | €821 | €842 | €782 | €2,279 | €1,514 | €1,978 | ▲ 30.6% |
| Non-recurring financial charges66B | - | - | - | - | €9,437 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €110,736 | €162,974 | €412,589 | €354,037 | €305,741 | €326,605 | €283,001 | €102,049 | ▼ 63.9% |
| Income taxes67/77 | €36,286 | €51,207 | €110,096 | €92,215 | €81,225 | €95,140 | €77,374 | €32,040 | ▼ 58.6% |
| Profit (loss) for the period9904 | €74,450 | €111,766 | €302,493 | €261,822 | €224,516 | €231,466 | €205,628 | €70,009 | ▼ 66.0% |
| Profit (loss) for the period to be appropriated9905 | €74,450 | €111,766 | €302,493 | €261,822 | €224,516 | €231,466 | €205,628 | €70,009 | ▼ 66.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.4m | €0.5m | €0.9m | €1.2m | €1.4m | €1.7m | €1.8m | €1.7m | ▼ 5.9% |
| Fixed assets21/28 | €0.01m | €0.05m | €0.06m | €0.04m | €0.06m | €0.04m | €0.02m | €0.01m | ▼ 46.3% |
| Intangible fixed assets21 | - | €0.02m | €0.02m | €0.01m | €0.006m | - | - | - | - |
| Tangible fixed assets22/27 | €0.01m | €0.03m | €0.04m | €0.03m | €0.06m | €0.04m | €0.02m | €0.01m | ▼ 46.3% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.06m | €0.04m | €0.02m | €0.01m | ▼ 45.6% |
| Other tangible fixed assets26 | - | - | - | €0.001m | €0.001m | €0.001m | €289 | - | - |
| Current assets29/58 | €0.4m | €0.4m | €0.8m | €1.1m | €1.3m | €1.6m | €1.7m | €1.7m | ▼ 5.3% |
| Amounts receivable within one year40/41 | €0.06m | €0.1m | €0.2m | €0.4m | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 51.5% |
| Trade receivables40 | - | - | - | €0.3m | €0.4m | €0.2m | €0.2m | €0.05m | ▼ 68.5% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 35.0% |
| Current investments50/53 | €0.1m | - | - | - | €0.3m | €0.4m | €0.4m | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.6m | €0.7m | €0.5m | €0.8m | €1.1m | €1.5m | ▲ 40.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.007m | €0.2m | €0.007m | €0.004m | ▼ 49.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.4m | €0.5m | €0.9m | €1.2m | €1.4m | €1.7m | €1.8m | €1.7m | ▼ 5.9% |
| Equity10/15 | €0.3m | €0.3m | €0.6m | €0.9m | €1.1m | €1.3m | €1.5m | €1.6m | ▲ 4.6% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.1m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €0.07m | €0.2m | €0.5m | €0.8m | €1.0m | €1.2m | €1.4m | €1.5m | ▲ 5.0% |
| Amounts payable17/49 | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | €0.07m | ▼ 71.5% |
| Amounts payable after more than one year17 | €0.008m | €0.02m | €0.02m | €0.01m | €0.005m | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.01m | €0.005m | - | - | - | - |
| Amounts payable within one year42/48 | €0.06m | €0.08m | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | €0.06m | ▼ 74.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.006m | €0.006m | €0.005m | - | - | - |
| Trade debts44 | €0.02m | €0.02m | €0.07m | €0.2m | €0.2m | €0.2m | €0.2m | €0.03m | ▼ 84.0% |
| Suppliers440/4 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.03m | ▼ 84.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.08m | €0.1m | €0.04m | €0.03m | ▼ 18.2% |
| Taxes450/3 | - | - | - | - | - | €0.09m | - | €0.03m | - |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.08m | €0.05m | €0.04m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.06m | - | - | - | €0.006m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,450 | €111,766 | €302,493 | €261,822 | €224,516 | €231,466 | €205,628 | €70,009 | ▼ 66.0% |
| + Depreciation and write-downs630 | €46,790 | €16,838 | €15,895 | €17,131 | €23,657 | €26,514 | €12,013 | €11,386 | ▼ 5.2% |
| Operating cash flow (approximation) | €121,240 | €128,605 | €318,388 | €278,953 | €248,173 | €257,980 | €217,640 | €81,394 | ▼ 62.6% |
| Investment in fixed assets (approximation) | - | -€56,241 | -€24,276 | -€1,562 | -€43,169 | -€2,809 | €2,148 | €0 | ▼ 100% |
| Change in cash | - | €70,558 | €240,191 | €112,752 | -€184,020 | €270,643 | €307,557 | €427,486 | ▲ 39.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 11 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 26-06-2026 | full format | 03-11-2026 | 2026-00600246 | |
| 31-12-2025 | full format | 19-06-2026 | 2026-00176243 | |
| 31-12-2024 | full format | 05-09-2025 | 2025-00482040 | |
| 31-12-2023 | full format | 08-07-2024 | 2024-00218641 | |
| 31-12-2022 | full format | 10-07-2023 | 2023-00231181 | |
| 31-12-2021 | full format | 22-06-2022 | 2022-20091582 | |
| 31-12-2020 | full format | 26-07-2021 | 2021-40300265 | |
| 31-12-2019 | full format | 17-07-2020 | 2020-31600101 | |
| 31-12-2018 | full format | 23-07-2019 | 2019-37000151 | |
| 31-12-2017 | full format | 21-06-2018 | 2018-21300395 | |
| 31-12-2016 | full format | 09-06-2017 | 2017-16300088 |