Dynamict
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 26 days after the deadline Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00440837.
Annual accounts 2025 filed on 26-08-2026 at the NBB all 5 filings
Turnover
≈ €630,000
Estimated: probably between €360,000 and €1.1m
Total assets
€793,453▼ 0.3%
2024 · €795,860
Net result
€15,413▼ 44.0%
2024 · €27,529
Working capital
€262,077▲ 13.0%
2024 · €231,869
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€39,896
▼ 35.8%
2025
20212025
Net result
€15,413
▼ 44.0%
2025
middle half of the sector
20212025
Equity
€248,353
▲ 6.6%
2025
highest quarter of the sector
20212025
Total assets
€793,453
▼ 0.3%
2025
highest quarter of the sector
20212025
Debt
€545,100
▼ 3.2%
2025
20212025
Working capital
€262,077
▲ 13.0%
2025
highest quarter of the sector
20212025
Solvency
31.3%
▲ 2.0pp
2025
middle half of the sector
20212025
Current ratio
7.29
▼ 0.82
2025
highest quarter of the sector
20212025
Return on assets (ROA)
1.9%
▼ 1.5pp
2025
middle half of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€55,524-€61,948▲ 11.6%€46,470▼ 25.0%€62,165▲ 33.8%€39,896▼ 35.8%
Net result€39,685above the sector's middle half-€35,869above the sector's middle half▼ 9.6%€13,632within the sector's middle half▼ 62.0%€27,529above the sector's middle half▲ 102%€15,413within the sector's middle half▼ 44.0%
Equity€284,834above the sector's middle half-€191,779above the sector's middle half▼ 32.7%€205,411above the sector's middle half▲ 7.1%€232,940above the sector's middle half▲ 13.4%€248,353above the sector's middle half▲ 6.6%
Total assets€408,198above the sector's middle half-€941,154above the sector's middle half▲ 131%€791,086above the sector's middle half▼ 15.9%€795,860above the sector's middle half▲ 0.6%€793,453above the sector's middle half▼ 0.3%
Debt€123,364-€749,375▲ 507%€585,674▼ 21.8%€562,920▼ 3.9%€545,100▼ 3.2%
Working capital€285,006above the sector's middle half-€167,104above the sector's middle half▼ 41.4%€183,461above the sector's middle half▲ 9.8%€231,869above the sector's middle half▲ 26.4%€262,077above the sector's middle half▲ 13.0%
Solvency69.8%above the sector's middle half-20.4%within the sector's middle half▼ 49.4pp26.0%within the sector's middle half▲ 5.6pp29.3%within the sector's middle half▲ 3.3pp31.3%within the sector's middle half▲ 2.0pp
Current ratio6.89above the sector's middle half-1.88within the sector's middle half▼ 5.015.59above the sector's middle half▲ 3.718.11above the sector's middle half▲ 2.527.29above the sector's middle half▼ 0.82
Return on assets (ROA)9.7%within the sector's middle half-3.8%within the sector's middle half▼ 5.9pp1.7%within the sector's middle half▼ 2.1pp3.5%within the sector's middle half▲ 1.7pp1.9%within the sector's middle half▼ 1.5pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 36% lower than in 2024 and the lowest since 2021.
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 €793,453
Fixed assets
€489,702 ▼ 7.8%
Current assets
€303,751 ▲ 14.8%
Equity and liabilities €793,453
Equity
€248,353 ▲ 6.6%
Debt
€545,100 ▼ 3.2%
Debt's share of the balance-sheet total falls from 70.7% to 68.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83,633▼
2024 · €106,798
Cash flow
€59,151▼
2024 · €72,162
Debt to equity
2.19▼
2024 · 2.42
ROE
6.2%▼
2024 · 11.8%
Interest coverage
4.42▼
2024 · 7.05
Debt ≤ 1 year
€41,674▲
2024 · €32,609
Debt > 1 year
€503,425▼
2024 · €530,311
Income taxes
€10,861▼
2024 · €22,414
Staff costs
€938
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €92,129 | €538,785 | €26,972 | €8,368 | €2,056 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €14,388 | €29,646 | €43,292 | €44,633 | €43,737 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €938 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,388 | €29,646 | €43,292 | €44,633 | €43,737 | ▼ 2.0% |
| Other operating charges640/8 | €101 | €4,276 | €189 | €32 | €450 | ▲ 14× |
| Gross operating margin9900 | €70,013 | €95,870 | €89,951 | €106,831 | €85,022 | ▼ 20.4% |
| Operating profit (loss)9901 | €55,524 | €61,948 | €46,470 | €62,165 | €39,896 | ▼ 35.8% |
| Financial income75/76B | - | €140 | €2,500 | €2,934 | €5,318 | ▲ 81.3% |
| Recurring financial income75 | - | €140 | €2,500 | €2,934 | €5,318 | ▲ 81.3% |
| Financial charges65/66B | €254 | €9,639 | €21,412 | €15,157 | €18,940 | ▲ 25.0% |
| Recurring financial charges65 | €254 | €9,639 | €21,412 | €15,157 | €18,940 | ▲ 25.0% |
| Profit (loss) for the period before taxes9903 | €55,270 | €52,449 | €27,558 | €49,942 | €26,274 | ▼ 47.4% |
| Income taxes67/77 | €15,586 | €16,580 | €13,926 | €22,414 | €10,861 | ▼ 51.5% |
| Profit (loss) for the period9904 | €39,685 | €35,869 | €13,632 | €27,529 | €15,413 | ▼ 44.0% |
| Profit (loss) for the period to be appropriated9905 | €39,685 | €35,869 | €13,632 | €27,529 | €15,413 | ▼ 44.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €408,198 | €941,154 | €791,086 | €795,860 | €793,453 | ▼ 0.3% |
| Formation expenses20 | - | - | - | €0 | - | - |
| Fixed assets21/28 | €74,828 | €583,967 | €567,647 | €531,383 | €489,702 | ▼ 7.8% |
| Tangible fixed assets22/27 | €74,828 | €583,967 | €567,647 | €531,383 | €489,702 | ▼ 7.8% |
| Plant, machinery and equipment23 | €3,587 | €3,343 | €2,626 | €867 | €260 | ▼ 70.0% |
| Furniture and vehicles24 | €71,241 | €75,701 | €69,896 | €49,718 | €30,220 | ▼ 39.2% |
| Leasing and similar rights25 | - | €493,665 | €473,512 | €453,359 | €433,206 | ▼ 4.4% |
| Other tangible fixed assets26 | - | €11,258 | €21,613 | €27,438 | €26,015 | ▼ 5.2% |
| Current assets29/58 | €333,370 | €357,187 | €223,438 | €264,478 | €303,751 | ▲ 14.8% |
| Stocks and contracts in progress3 | - | - | €14,158 | - | - | - |
| Stocks30/36 | - | - | €14,158 | - | - | - |
| Amounts receivable within one year40/41 | €60,697 | €41,063 | €53,197 | €53,329 | €50,265 | ▼ 5.7% |
| Trade receivables40 | €46,283 | €41,063 | €38,197 | €53,329 | €41,126 | ▼ 22.9% |
| Other amounts receivable41 | €14,414 | - | €15,000 | - | €9,139 | - |
| Current investments50/53 | - | €50,000 | €50,000 | €89,158 | €139,158 | ▲ 56.1% |
| Cash at bank and in hand54/58 | €271,908 | €265,029 | €102,533 | €121,708 | €114,328 | ▼ 6.1% |
| Deferred charges and accrued income490/1 | €765 | €1,095 | €3,551 | €283 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €408,198 | €941,154 | €791,086 | €795,860 | €793,453 | ▼ 0.3% |
| Equity10/15 | €284,834 | €191,779 | €205,411 | €232,940 | €248,353 | ▲ 6.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €39,685 | €75,554 | €89,187 | €116,715 | €132,129 | ▲ 13.2% |
| Distributable reserves133 | €39,685 | €75,554 | €89,187 | €116,715 | €132,129 | ▲ 13.2% |
| Profit (loss) carried forward14 | €226,549 | €97,625 | €97,625 | €97,625 | €97,625 | = |
| Amounts payable17/49 | €123,364 | €749,375 | €585,674 | €562,920 | €545,100 | ▼ 3.2% |
| Amounts payable after more than one year17 | €75,000 | €559,292 | €545,697 | €530,311 | €503,425 | ▼ 5.1% |
| Financial debts170/4 | €75,000 | €559,292 | €545,697 | €530,311 | €503,425 | ▼ 5.1% |
| Amounts payable within one year42/48 | €48,364 | €190,083 | €39,977 | €32,609 | €41,674 | ▲ 27.8% |
| Current portion of amounts payable after more than one year42 | - | €13,134 | €11,362 | €12,919 | €14,610 | ▲ 13.1% |
| Trade debts44 | €17,719 | €5,129 | €1,224 | €1,990 | €4,620 | ▲ 132% |
| Suppliers440/4 | €17,719 | €5,129 | €1,224 | €1,990 | €4,620 | ▲ 132% |
| Taxes, remuneration and social security45 | €15,816 | €40,378 | €5,849 | €9,279 | €14,123 | ▲ 52.2% |
| Taxes450/3 | €15,816 | €40,378 | €5,032 | €9,279 | €13,663 | ▲ 47.2% |
| Remuneration and social security454/9 | - | - | €817 | - | €461 | - |
| Other amounts payable47/48 | €14,829 | €131,443 | €21,542 | €8,421 | €8,321 | ▼ 1.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,685 | €35,869 | €13,632 | €27,529 | €15,413 | ▼ 44.0% |
| + Depreciation and write-downs630 | €14,388 | €29,646 | €43,292 | €44,633 | €43,737 | ▼ 2.0% |
| Operating cash flow (approximation) | €54,072 | €65,515 | €56,924 | €72,162 | €59,151 | ▼ 18.0% |
| Investment in fixed assets (approximation) | - | -€538,785 | -€26,972 | -€8,368 | -€2,056 | ▲ 75.4% |
| Change in cash | - | -€6,879 | -€162,496 | €19,175 | -€7,380 | - |
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, 1,639 companies had the same profile as Dynamict has now. Two years later, 95.5% were still going and 0.5% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.5%
was still going
3.7%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Dynamict itself: 0.2% 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 1,639 companies, not a prediction for Dynamict. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00440837 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00215699 | |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00163629 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00181945 | |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20103126 |