DYNAPHAR
ActiveSummary
DYNAPHAR has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €515,548 and a net result of -€255,663. Equity is shrinking by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 396 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-7
Solvency100=
Growth28=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.59 against 18.45 in 2024; short-term debt: 22.8% and cash: 23.8% of total assets), and 22.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Activities of membership organisations (NACE 94)
about 92% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€255,663
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
17 d early
2023
104 d late
2022
62 d early
2021
193 d late
2020
287 d late
2019
92 d late
← 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 81 days after the deadline; the sector median for financial year 2024 is 29 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 14 July (4 of the last 5 filed years within 122 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#10 company by equity in Ukkel, Other services sector
Turnover
€282,276▼ 5.0%
2020 · €297,180
EBIT margin
-15.0%▲ 5.4pp
2020 · -20.4%
Net result
-€255,663▼ 252%
2024 · -€72,717
Working capital
€395,416▼ 21.0%
2024 · €500,563
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 94, Activities of membership organisations, 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
Turnover€282,276▼ 5.0%
Operating result-€42,478▲ 30.0%-€44,949▼ 5.8%-€60,082▼ 33.7%-€66,652▼ 10.9%-€96,523▼ 44.8%
Net result-€36,065below the sector's middle half▲ 38.3%-€44,871below the sector's middle half▼ 24.4%-€36,604below the sector's middle half▲ 18.4%-€72,717below the sector's middle half▼ 98.7%-€255,663below the sector's middle half▼ 252%
EBIT margin-15.0%▲ 5.4pp
Equity€925,402within the sector's middle half▼ 3.8%€880,532within the sector's middle half▼ 4.8%€843,928above the sector's middle half▼ 4.2%€771,211above the sector's middle half▼ 8.6%€515,548above the sector's middle half▼ 33.2%
Total assets€973,467within the sector's middle half▼ 2.9%€910,525within the sector's middle half▼ 6.5%€855,767above the sector's middle half▼ 6.0%€799,899above the sector's middle half▼ 6.5%€668,512above the sector's middle half▼ 16.4%
Debt€48,065▲ 16.7%€29,993▼ 37.6%€11,839▼ 60.5%€28,688▲ 142%€152,964▲ 433%
Working capital€674,589within the sector's middle half▼ 27.2%€601,143within the sector's middle half▼ 10.9%€567,679above the sector's middle half▼ 5.6%€500,563above the sector's middle half▼ 11.8%€395,416within the sector's middle half▼ 21.0%
Solvency95.1%above the sector's middle half▼ 0.8pp96.7%above the sector's middle half▲ 1.6pp98.6%above the sector's middle half▲ 1.9pp96.4%above the sector's middle half▼ 2.2pp77.1%within the sector's middle half▼ 19.3pp
Current ratio30.32above the sector's middle half▲ 1.1122.83above the sector's middle half▼ 7.4948.95above the sector's middle half▲ 26.1218.45above the sector's middle half▼ 30.503.59within the sector's middle half▼ 14.85
Return on assets (ROA)-3.7%below the sector's middle half▲ 2.1pp-4.9%below the sector's middle half▼ 1.2pp-4.3%below the sector's middle half▲ 0.7pp-9.1%below the sector's middle half▼ 4.8pp-38.2%below the sector's middle half▼ 29.2pp
Staff (FTE)11.3▲ 30.0%
above
within
below
the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €96,523 in 2025 against €66,652 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €668,512
Fixed assets
€120,692 ▼ 55.4%
Current assets
€547,820 ▲ 3.5%
Equity and liabilities €668,512
Equity
€515,548 ▼ 33.2%
Debt
€152,964 ▲ 433%
Debt's share of the balance-sheet total rises from 3.6% to 22.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€94,163▼
2024 · -€61,051
Cash flow
-€253,303▼
2024 · -€67,116
Quick ratio
3.05▼
2024 · 18.45
Debt to equity
0.30▲
2024 · 0.04
ROE
-49.6%▼
2024 · -9.4%
Interest coverage
-134.33▼
2024 · -10.07
Debt ≤ 1 year
€152,404▲
2024 · €28,688
Staff costs
€145,672▲
2024 · €73,217
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 5,836 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €282,276 | - | - | - | - | - |
| Non-recurring operating income76A | €6,400 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €276,951 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €29,424 | €63,893 | €73,559 | €73,217 | €145,672 | ▲ 99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,464 | €10,826 | €5,601 | €5,601 | €2,360 | ▼ 57.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€795 | - |
| Other operating charges640/8 | €1,745 | €520 | €1,234 | €1,572 | €560 | ▼ 64.4% |
| Non-recurring operating charges66A | - | - | - | €18,157 | - | - |
| Gross operating margin9900 | €6,155 | €30,290 | €20,312 | €31,895 | €51,274 | ▲ 60.8% |
| Operating profit (loss)9901 | -€42,478 | -€44,949 | -€60,082 | -€66,652 | -€96,523 | ▼ 44.8% |
| Financial income75/76B | €7,444 | €774 | €26,550 | - | €17 | - |
| Recurring financial income75 | €6,400 | €504 | €26,550 | - | €17 | - |
| Non-recurring financial income76B | €1,044 | €270 | €26,550 | - | - | - |
| Financial charges65/66B | €1,031 | €696 | €3,072 | €6,065 | €159,157 | ▲ 2,524% |
| Recurring financial charges65 | €1,031 | €696 | €1,234 | €6,065 | €701 | ▼ 88.4% |
| Non-recurring financial charges66B | - | - | €1,838 | - | €158,456 | - |
| Profit (loss) for the period before taxes9903 | -€36,065 | -€44,871 | -€36,604 | -€72,717 | -€255,663 | ▼ 252% |
| Profit (loss) for the period9904 | -€36,065 | -€44,871 | -€36,604 | -€72,717 | -€255,663 | ▼ 252% |
| Profit (loss) for the period to be appropriated9905 | -€36,065 | -€44,871 | -€36,604 | -€72,717 | -€255,663 | ▼ 252% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €973,467 | €910,525 | €855,767 | €799,899 | €668,512 | ▼ 16.4% |
| Fixed assets21/28 | €275,873 | €281,850 | €276,249 | €270,648 | €120,692 | ▼ 55.4% |
| Intangible fixed assets21 | - | - | - | - | €8,500 | - |
| Tangible fixed assets22/27 | €5,225 | €11,202 | €5,601 | - | - | - |
| Furniture and vehicles24 | €5,225 | €11,202 | €5,601 | - | - | - |
| Financial fixed assets28 | €270,648 | €270,648 | €270,648 | €270,648 | €112,192 | ▼ 58.5% |
| Current assets29/58 | €697,594 | €628,675 | €579,518 | €529,251 | €547,820 | ▲ 3.5% |
| Stocks and contracts in progress3 | - | - | - | - | €83,541 | - |
| Stocks30/36 | - | - | - | - | €83,541 | - |
| Amounts receivable within one year40/41 | €155,855 | €156,705 | €131,709 | €148,388 | €304,422 | ▲ 105% |
| Trade receivables40 | €55,477 | €56,705 | €30,808 | €23,288 | €266,090 | ▲ 1,043% |
| Other amounts receivable41 | €100,378 | €100,000 | €100,901 | €125,100 | €38,332 | ▼ 69.4% |
| Cash at bank and in hand54/58 | €489,537 | €471,970 | €447,809 | €378,794 | €159,118 | ▼ 58.0% |
| Deferred charges and accrued income490/1 | €52,202 | - | - | €2,069 | €739 | ▼ 64.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €973,467 | €910,525 | €855,767 | €799,899 | €668,512 | ▼ 16.4% |
| Equity10/15 | €925,402 | €880,532 | €843,928 | €771,211 | €515,548 | ▼ 33.2% |
| Profit (loss) carried forward14 | €925,402 | €880,532 | €843,928 | €771,211 | €515,548 | ▼ 33.2% |
| Amounts payable17/49 | €48,065 | €29,993 | €11,839 | €28,688 | €152,964 | ▲ 433% |
| Amounts payable after more than one year17 | €2,460 | €2,461 | - | - | - | - |
| Financial debts170/4 | €2,460 | €2,461 | - | - | - | - |
| Amounts payable within one year42/48 | €23,005 | €27,532 | €11,839 | €28,688 | €152,404 | ▲ 431% |
| Current portion of amounts payable after more than one year42 | €5,850 | - | - | - | - | - |
| Trade debts44 | €13,111 | €18,715 | - | €19,241 | €145,207 | ▲ 655% |
| Suppliers440/4 | €13,111 | €18,715 | - | €19,241 | €145,207 | ▲ 655% |
| Taxes, remuneration and social security45 | €3,136 | €8,817 | €11,839 | €9,447 | €7,197 | ▼ 23.8% |
| Taxes450/3 | €3,136 | €2,122 | €11,839 | €1,269 | - | - |
| Remuneration and social security454/9 | - | €6,695 | - | €8,178 | €7,197 | ▼ 12.0% |
| Accrued charges and deferred income492/3 | €22,600 | - | - | - | €560 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€36,065 | -€44,871 | -€36,604 | -€72,717 | -€255,663 | ▼ 252% |
| + Depreciation and write-downs630 | €17,464 | €10,826 | €5,601 | €5,601 | €2,360 | ▼ 57.9% |
| Operating cash flow (approximation) | -€18,601 | -€34,045 | -€31,003 | -€67,116 | -€253,303 | ▼ 277% |
| Investment in fixed assets (approximation) | - | -€16,803 | €0 | €0 | €147,596 | - |
| Change in cash | - | -€17,567 | -€24,161 | -€69,015 | -€219,676 | ▼ 218% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€255,663
Net result drops to -€255,663, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 104 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 48.95
Current ratio from 22.83 to 48.95; short-term debt falls from €27,532 to €11,839.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 193 days late
2022
14-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 287 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 92 days late
2019
05-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 127 days late
2018
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 151 days late
2017
01-07
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 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has 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.
Directors · office · real estate
Directors
11 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, Ukkel · 1 establishment unit since 2003
Ground area
2.7 ha
Building footprint
712 m²
Volume, LiDAR
15,872 m³
Parcel 21612C0286/00W014, Brussels · tallest building 25.6 m, ±8 floors. Linked by address, not a title deed.
18
companies at this address
See who is registered here
1 establishment unit
DYNAPHAR
since 20032.183.142.475
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0286/00W014 | Brussels | 2.7 ha | 1 · 712 m² | 25.6 m · 8 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteUkkel2.183.142.475
Similar companies · same sector, comparable size
Belgische Keurslagers
BE 0424.779.628
Merelbeke-Melle · Eq €509,962
EUROPECHE
BE 1009.811.570
Etterbeek · Eq €525,934
European Association for Quality Assurance in Higher Education AISBL
BE 0838.272.317
Brussel · Eq €527,555
GLOBAL WIND ENERGY COUNCIL
BE 0878.020.640
Brussel · Eq €498,269
FEDERATION EUROPEENNE DES COMPTABLES ET AUDITEURS POUR LES PETITES ET MOYENNES ENTREPRISES
BE 0524.824.834
Brussel · Eq €496,602
Of 1,008 companies in sector 94120 we hold annual accounts for 352. 270 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded07-05-1996
Fiscal year end31-12
Activities, NACEBEL 2025
94120Activities of professional membership organisations
Contact
E-mail
antoin1984@hotmail.com
E-mail
fredgoffin@gmail.com
E-mail
info@dynaphar.beUkkel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457962041
Also
9925:BE0457962041
Registered
23-10-2025
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.