DYNAMICS
InactiveOverview
Activity
Activity not known
Size
€2.7mtotal assets 2023
- Staff
- 17.6 FTE
- Equity
- €1.7m
- Profit
- €208,109
Turnover not published (abbreviated format)
Financial health
Inactive: no score
Structure
- Parent
- DYNAMICS · 100%
1 of 8 deeds read
Signalsraises riskTwo or more financial years not filedneutralLatest accounts filed on timeShow the evidence
Signals
Two signals.
raises riskneutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-09-2024 year end30-04-2025 deadline20-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 22-02-2024, 68 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
68 days early
2022
on the day
2021
74 days early
2020
88 days early
2019
91 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 64 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Restructuring · End & cessationResignations: INGENION (statutory director) and…
- Annual accounts filedfinancial year 2023 · abbreviated…
- Annual accounts filedfinancial year 2022 · abbreviated…
Financials · financial year 2023, abbreviated format
Equity
€1.7m▲ 12.0%
2022 · €1.5m
Total assets
€2.7m▲ 16.3%
2022 · €2.3m
Net result
€208,109▼ 4.5%
2022 · €217,876
Working capital
€1.6m▲ 10.6%
2022 · €1.5m
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result has fallen two years in a row; 2023 is 4% below 2022 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.3m
2023
Net result€0.2m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.7m
2023
Equity€1.7m
2023
Debt€1.0m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.6m
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)17.6
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€0.6m-€0.3m▼ 43.6%€0.7m▲ 108%€0.3m▼ 53.3%€0.3m▼ 4.0%
Net result€0.4m-€0.2m▼ 45.4%€0.5m▲ 129%€0.2m▼ 55.0%€0.2m▼ 4.5%
Equity€1.8m-€1.9m▲ 6.9%€2.4m▲ 25.8%€1.5m▼ 36.0%€1.7m▲ 12.0%
Total assets€2.7m-€2.5m▼ 7.5%€3.2m▲ 28.1%€2.3m▼ 27.5%€2.7m▲ 16.3%
Debt€0.9m-€0.6m▼ 34.7%€0.8m▲ 35.1%€0.8m▼ 3.0%€1.0m▲ 24.4%
Working capital€1.7m-€2.0m▲ 14.9%€2.4m▲ 21.9%€1.5m▼ 39.0%€1.6m▲ 10.6%
Staff (FTE)13.8-15▲ 8.7%15=19▲ 26.7%17.6▼ 7.4%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €2.7m
Fixed assets
€114,430 ▼ 0.6%
Current assets
€2.6m ▲ 17.2%
Equity and liabilities €2.7m
Equity
€1.7m ▲ 12.0%
Debt
€991,629 ▲ 24.4%
Debt's share of the balance-sheet total rises from 34.5% to 36.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€321,636▼
2022 · €333,286
Cash flow
€235,290▼
2022 · €244,289
Current ratio
2.74▼
2022 · 3.05
Quick ratio
2.18▼
2022 · 2.87
Debt to equity
0.59▲
2022 · 0.53
ROE
12.3%▼
2022 · 14.4%
ROA
7.7%▼
2022 · 9.4%
Interest coverage
over 100
2022 · over 100
Debt ≤ 1 year
€939,569▲
2022 · €718,668
Debt > 1 year
€49,247▼
2022 · €62,759
Income taxes
€86,189▼
2022 · €87,831
Staff costs
€1.2m▲
2022 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1.2m | €1.2m | ▲ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.04m | €0.03m | €0.03m | €0.03m | ▲ 2.9% |
| Other operating charges640/8 | - | - | - | €441 | €0.002m | ▲ 279% |
| Gross operating margin9900 | €1.4m | €1.2m | €1.6m | €1.5m | €1.5m | ▲ 0.7% |
| Operating profit (loss)9901 | €0.6m | €0.3m | €0.7m | €0.3m | €0.3m | ▼ 4.0% |
| Financial income75/76B | - | - | - | €0.002m | €0.002m | ▲ 47.8% |
| Recurring financial income75 | €0.004m | €0.003m | €0.003m | €0.002m | €0.002m | ▲ 47.8% |
| Financial charges65/66B | - | - | - | €0.003m | €0.003m | ▼ 8.3% |
| Recurring financial charges65 | €0.005m | €0.004m | €0.005m | €0.003m | €0.003m | ▼ 8.3% |
| Profit (loss) for the period before taxes9903 | €0.6m | €0.3m | €0.7m | €0.3m | €0.3m | ▼ 3.7% |
| Income taxes67/77 | €0.2m | €0.1m | €0.2m | €0.09m | €0.09m | ▼ 1.9% |
| Profit (loss) for the period9904 | €0.4m | €0.2m | €0.5m | €0.2m | €0.2m | ▼ 4.5% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.2m | €0.2m | ▼ 17.3% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.1m | €0.5m | €0.4m | €0.4m | ▼ 10.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €2.5m | €3.2m | €2.3m | €2.7m | ▲ 16.3% |
| Fixed assets21/28 | €0.06m | €0.05m | €0.1m | €0.1m | €0.1m | ▼ 0.6% |
| Intangible fixed assets21 | €0.003m | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €0.05m | €0.05m | €0.1m | €0.1m | €0.1m | ▼ 0.6% |
| Plant, machinery and equipment23 | - | - | - | €0.09m | €0.08m | ▼ 6.2% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.03m | ▲ 20.2% |
| Current assets29/58 | €2.6m | €2.4m | €3.1m | €2.2m | €2.6m | ▲ 17.2% |
| Stocks and contracts in progress3 | €0.05m | €0.06m | €0.05m | €0.1m | €0.5m | ▲ 287% |
| Stocks30/36 | - | - | - | €0.1m | €0.4m | ▲ 194% |
| Contracts in progress37 | - | - | - | - | €0.1m | - |
| Amounts receivable within one year40/41 | €0.9m | €0.3m | €0.8m | €1.0m | €1.4m | ▲ 42.1% |
| Trade receivables40 | - | - | - | €0.9m | €1.3m | ▲ 43.3% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.04m | ▲ 8.5% |
| Cash at bank and in hand54/58 | €1.7m | €2.1m | €2.2m | €1.1m | €0.7m | ▼ 36.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.01m | ▼ 57.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €2.5m | €3.2m | €2.3m | €2.7m | ▲ 16.3% |
| Equity10/15 | €1.8m | €1.9m | €2.4m | €1.5m | €1.7m | ▲ 12.0% |
| Contributions10/11 | €0.07m | - | - | €0.07m | €0.07m | = |
| Reserves13 | €1.6m | €1.6m | €1.7m | €0.7m | €0.5m | ▼ 23.7% |
| Non-distributable reserves130/1 | - | - | - | €0.007m | €0.007m | = |
| Reserves not available under the articles1311 | - | - | - | €0.007m | €0.007m | = |
| Tax-exempt reserves132 | - | - | - | €0.4m | €0.3m | ▼ 37.9% |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | €0.1m | €0.2m | €0.5m | €0.8m | €1.1m | ▲ 44.8% |
| Amounts payable17/49 | €0.9m | €0.6m | €0.8m | €0.8m | €1.0m | ▲ 24.4% |
| Amounts payable after more than one year17 | €0.03m | €0.02m | €0.08m | €0.06m | €0.05m | ▼ 21.5% |
| Financial debts170/4 | - | - | - | €0.06m | €0.05m | ▼ 21.5% |
| Amounts payable within one year42/48 | €0.9m | €0.5m | €0.6m | €0.7m | €0.9m | ▲ 30.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.01m | ▼ 33.3% |
| Trade debts44 | €0.6m | €0.2m | €0.3m | €0.4m | €0.4m | ▲ 8.4% |
| Suppliers440/4 | - | - | - | €0.4m | €0.4m | ▲ 8.4% |
| Advances received on contracts in progress46 | - | - | - | - | €0.2m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.3m | ▼ 8.9% |
| Taxes450/3 | - | - | - | €0.02m | €0.09m | ▲ 273% |
| Remuneration and social security454/9 | - | - | - | €0.3m | €0.2m | ▼ 33.7% |
| Other amounts payable47/48 | - | - | - | - | €0.03m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.003m | ▼ 82.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | €0.2m | €0.5m | €0.2m | €0.2m | ▼ 4.5% |
| + Depreciation and write-downs630 | €0.04m | €0.04m | €0.03m | €0.03m | €0.03m | ▲ 2.9% |
| Operating cash flow (approximation) | €0.4m | €0.3m | €0.5m | €0.2m | €0.2m | ▼ 3.7% |
| Investment in fixed assets (approximation) | - | -€0.03m | -€0.1m | -€0.02m | -€0.03m | ▼ 50.6% |
| Change in cash | - | €0.4m | €0.1m | -€1.1m | -€0.4m | ▲ 65.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2023 | abbreviated format | 22-02-2024 | 2024-00034340 |
| 30-09-2022 | abbreviated format | 30-04-2023 | 2023-00073311 |
| 30-09-2021 | abbreviated format | 15-02-2022 | 2022-05700191 |
| 30-09-2020 | abbreviated format | 01-02-2021 | 2021-03700577 |
| 30-09-2019 | abbreviated format | 30-01-2020 | 2020-03800057 |
| 30-09-2018 | abbreviated format | 01-03-2019 | 2019-06500289 |
| 30-09-2017 | abbreviated format | 07-03-2018 | 2018-06400411 |
| 30-09-2016 | abbreviated format | 09-03-2017 | 2017-06000255 |
| 30-09-2015 | abbreviated format | 29-02-2016 | 2016-05300072 |
| 30-09-2014 | abbreviated format | 02-03-2015 | 2015-05300220 |
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €2,658 awarded · €3,213 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €1,653 | €2,208 |
| 2022 | 1 | €1,005 | €1,005 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 1 of 8 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
1 ownerChain of control
Highest known parent: DELMAVAN. The sources do not say who stands above it.
Owners 1
- DYNAMICSparent100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Acts, filings and financial milestones
2024
20-03
Gazette deed
Restructuring · End & cessationResignations: INGENION (statutory director) and EBASON (director) · Permanent representative: Piet Dujardin · Capital decrease34 facts ▸
Gazette deed
Restructuring · End & cessation
Resignations: INGENION (statutory director) and EBASON (director) · Permanent representative: Piet Dujardin · Capital decrease34 facts ▸
- General meeting, 02-01-2024, “buitengewone algemene vergadering” (deed in Dutch)
- Director resignation, INGENION (statutory director)
- Director resignation, EBASON
- Other provision, “benoeming nieuwe bestuurders” (deed in Dutch)
- Other provision, “aanpassing datum jaarvergadering” (deed in Dutch)
- Other provision, “vermindering vermogen tot aanzuivering verliezen, beslissing” (deed in Dutch)
- Capital decrease, €0
- Other provision, “kennisname verslag bestuursorgaan” (deed in Dutch)
- Other provision, “opheffing 2 categorieën van aandelen” (deed in Dutch)
- Other provision, “kennisname verslaggeving inbreng in natura, voorzitter leest verslagen” (deed in Dutch)
- Auditor report, “Wevelgem, geen bevindingen van materieel belang” (deed in Dutch)
- Permanent representative, Piet Dujardin (company auditor)
- +22 further facts in this act
22-02
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format
2023
30-04
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format
2022
15-02
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format
2021
30-09
Financial
Highest result from 2019 to 2023net €484,498 ▲129%
Operating result €657,236, net result €484,498, both a record.
30-09
Financial
Equity above €2mequity €2.4m ▲25.8%
A profit in every financial year since 2019 builds equity to €2.4m.
01-02
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format
2020
30-01
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format
2019
01-03
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2018
07-03
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
2017
09-03
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
2016
29-02
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format
2015
02-03
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 21 annual accounts filed, the latest 10 are here; all 21 are under Financials.
1 of 8 deeds read
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Recognitions · licences · registrations
Dual-learning approval
2 endedElektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Other provision: “Verantwoordelijkheden inbreng in natura en uitgifte aandelen” (deed in Dutch)
Read from the deeds: 1 provision, deed of 20-03-2024