DYNAPHAR
ActiveSummary
DYNAPHAR has been active since 1996 and the Belgian Official 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 about 5.7% per year across the filed financial years. Its solvency ranks better than 63% of 496 sector peers (NACE 94, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 1.3 FTE
- Equity
- €515,548
- Deficit
- -€255,663
Why 92raises riskLoss of €255,663, the second in a row (financial year 2025)lowers riskLegal form: non-profit associationSector: Activities of membership organisations (NACE 94)Liquidity: current ratio 3.59, cash €159,118, halvedShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 94, micro): better than 79% on solvency, 40% on liquidity, 5% on profitability and 8% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 81 days after the deadline; the sector median (NACE 94) for financial year 2024 is 29 days before the deadline, and 25% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€255,663
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
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.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 94, Activities of membership organisations: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2019 Filed: 125,513; shown: 1.6 (source: average staff, item 9087). The filed figure means under EUR 100 of staff costs per FTE.
Peer companies
Historical observationOf the 5,831 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84.6% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.3% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 5,831 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €319,012 | €332,933 | €297,180 | €282,276 | - | - | - | - | - |
| Membership fees, donations, legacies and grants73 | - | - | €1,410 | €830 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €6,400 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €287,465 | €276,951 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €51,964 | €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 | €5,225 | €16,669 | €18,469 | €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 | - | - | €1,367 | €1,745 | €520 | €1,234 | €1,572 | €560 | ▼ 64.4% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €18,157 | - | - |
| Gross operating margin9900 | €106,355 | €83,521 | €11,125 | €6,155 | €30,290 | €20,312 | €31,895 | €51,274 | ▲ 60.8% |
| Operating profit (loss)9901 | -€13,591 | -€61,056 | -€60,675 | -€42,478 | -€44,949 | -€60,082 | -€66,652 | -€96,523 | ▼ 44.8% |
| Financial income75/76B | - | - | €3,921 | €7,444 | €774 | €26,550 | - | €17 | - |
| Recurring financial income75 | €217 | €472 | €3,921 | €6,400 | €504 | €26,550 | - | €17 | - |
| Non-recurring financial income76B | - | - | €3,921 | €1,044 | €270 | €26,550 | - | - | - |
| Financial charges65/66B | - | - | €1,728 | €1,031 | €696 | €3,072 | €6,065 | €159,157 | ▲ 26× |
| Recurring financial charges65 | €964 | €1,077 | €728 | €1,031 | €696 | €1,234 | €6,065 | €701 | ▼ 88.4% |
| Non-recurring financial charges66B | - | - | €1,000 | - | - | €1,838 | - | €158,456 | - |
| Profit (loss) for the period before taxes9903 | -€14,338 | -€61,661 | -€58,482 | -€36,065 | -€44,871 | -€36,604 | -€72,717 | -€255,663 | ▼ 252% |
| Profit (loss) for the period9904 | - | - | -€58,482 | -€36,065 | -€44,871 | -€36,604 | -€72,717 | -€255,663 | ▼ 252% |
| Profit (loss) for the period to be appropriated9905 | - | - | -€58,482 | -€36,065 | -€44,871 | -€36,604 | -€72,717 | -€255,663 | ▼ 252% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.1m | €1.0m | €1.0m | €0.9m | €0.9m | €0.8m | €0.7m | ▼ 16.4% |
| Fixed assets21/28 | €0.04m | €0.06m | €0.04m | €0.3m | €0.3m | €0.3m | €0.3m | €0.1m | ▼ 55.4% |
| Intangible fixed assets21 | - | - | - | - | - | - | - | €0.009m | - |
| Tangible fixed assets22/27 | €0.02m | €0.04m | €0.02m | €0.005m | €0.01m | €0.006m | - | - | - |
| Furniture and vehicles24 | - | - | €0.02m | €0.005m | €0.01m | €0.006m | - | - | - |
| Financial fixed assets28 | €0.02m | €0.02m | €0.02m | €0.3m | €0.3m | €0.3m | €0.3m | €0.1m | ▼ 58.5% |
| Current assets29/58 | €1.1m | €1.0m | €1.0m | €0.7m | €0.6m | €0.6m | €0.5m | €0.5m | ▲ 3.5% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | - | €0.08m | - |
| Stocks30/36 | - | - | - | - | - | - | - | €0.08m | - |
| Amounts receivable within one year40/41 | €0.5m | €0.4m | €0.4m | €0.2m | €0.2m | €0.1m | €0.1m | €0.3m | ▲ 105% |
| Trade receivables40 | - | - | €0.04m | €0.06m | €0.06m | €0.03m | €0.02m | €0.3m | ▲ 11× |
| Other amounts receivable41 | - | - | €0.4m | €0.1m | €0.1m | €0.1m | €0.1m | €0.04m | ▼ 69.4% |
| Cash at bank and in hand54/58 | €0.6m | €0.6m | €0.5m | €0.5m | €0.5m | €0.4m | €0.4m | €0.2m | ▼ 58.0% |
| Deferred charges and accrued income490/1 | - | - | €0.01m | €0.05m | - | - | €0.002m | €0.001m | ▼ 64.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.0m | €1.0m | €0.9m | €0.9m | €0.8m | €0.7m | ▼ 16.4% |
| Equity10/15 | €1.1m | €1.0m | €1.0m | €0.9m | €0.9m | €0.8m | €0.8m | €0.5m | ▼ 33.2% |
| Profit (loss) carried forward14 | €1.1m | €1.0m | €1.0m | €0.9m | €0.9m | €0.8m | €0.8m | €0.5m | ▼ 33.2% |
| Amounts payable17/49 | €0.04m | €0.04m | €0.04m | €0.05m | €0.03m | €0.01m | €0.03m | €0.2m | ▲ 433% |
| Amounts payable after more than one year17 | €0.02m | €0.01m | €0.008m | €0.002m | €0.002m | - | - | - | - |
| Financial debts170/4 | - | - | €0.008m | €0.002m | €0.002m | - | - | - | - |
| Amounts payable within one year42/48 | €0.02m | €0.03m | €0.03m | €0.02m | €0.03m | €0.01m | €0.03m | €0.2m | ▲ 431% |
| Current portion of amounts payable after more than one year42 | - | - | €0.006m | €0.006m | - | - | - | - | - |
| Trade debts44 | €0.002m | - | €0.02m | €0.01m | €0.02m | - | €0.02m | €0.1m | ▲ 655% |
| Suppliers440/4 | - | - | €0.02m | €0.01m | €0.02m | - | €0.02m | €0.1m | ▲ 655% |
| Taxes, remuneration and social security45 | - | - | €0.006m | €0.003m | €0.009m | €0.01m | €0.009m | €0.007m | ▼ 23.8% |
| Taxes450/3 | - | - | - | €0.003m | €0.002m | €0.01m | €0.001m | - | - |
| Remuneration and social security454/9 | - | - | €0.006m | - | €0.007m | - | €0.008m | €0.007m | ▼ 12.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | - | - | - | €0.001m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | - | -€58,482 | -€36,065 | -€44,871 | -€36,604 | -€72,717 | -€255,663 | ▼ 252% |
| + Depreciation and write-downs630 | €5,225 | €16,669 | €18,469 | €17,464 | €10,826 | €5,601 | €5,601 | €2,360 | ▼ 57.9% |
| Operating cash flow (approximation) | €5,225 | €16,669 | -€40,013 | -€18,601 | -€34,045 | -€31,003 | -€67,116 | -€253,303 | ▼ 277% |
| Investment in fixed assets (approximation) | - | -€34,332 | -€1,800 | -€250,795 | -€16,803 | €0 | €0 | €147,596 | - |
| Change in cash | - | €29,393 | -€66,684 | -€58,824 | -€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.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00239968 |
| 31-12-2024 | micro format | 14-07-2025 | 2025-00265650 |
| 31-12-2023 | micro format | 12-11-2024 | 2024-00532616 |
| 31-12-2022 | full format | 30-05-2023 | 2023-00104719 |
| 31-12-2021 | full format | 09-02-2023 | 2023-00025773 |
| 31-12-2020 | micro format | 14-05-2022 | 2022-20026689 |
| 31-12-2019 | full format | 31-10-2020 | 2020-69100277 |
| 31-12-2018 | full format | 05-12-2019 | 2019-75400578 |
| 31-12-2017 | full format | 29-12-2018 | 2018-76300318 |
| 31-12-2016 | full format | 01-07-2017 | 2017-27100478 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Antoin Abdlki |
|
| Carl Vuylsteke |
|
| Frédéric Goffin |
|
| Thomas Van Cutsem |
|
| Bart Maudens |
|
| Marc Lefébure |
|
| Decaigny |
|
| Matthias Luyckx |
|
| Anne Françoise Vanhoe |
|
| Luc Defrance |
|
Owners and capital
Owners
This non-profit association has no shareholders or capital.
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
19-12
Gazette deed
Resignations: Patrick Decaigny (administrateur du ca) and Matthias Luyckx (administrateur du ca)Appointments: Marc Lefébure (director) and Bart Maudens (director)9 facts ▸
- General meeting, 22-05-2024
- Director resignation, Patrick Decaigny (administrateur du ca)
- Director resignation, Matthias Luyckx (administrateur du ca)
- Director appointment, Marc Lefébure (director)
- Director appointment, Bart Maudens (director)
- Board composition, Antoin Abdlki (director)
- Board composition, Frédéric Goffin (director)
- Board composition, Thomas Van Cutsem (director)
- Board composition, Carl Vuylsteke (director)
12-12
Gazette deed
Admission: Naegels Marc (full member)Resignations: Anne Françoise Vanhoe (director) and Luc Defrance (director) · Reappointments: Patrick Decaigny, Thomas Van Cutsem and 4 others · Appointments: Antoin Abdlki, Frédéric Goffin and Thomas Van Cutsem24 facts ▸
- Other provision, “approbation de la liste des participants”, 19 (deed in French)
- Other provision, “oui unanime, secrétaire de l'assemblée générale” (deed in French)
- Other provision, “oui unanime, scrutateur de l'assemblée générale” (deed in French) (2 times)
- Member admission, Naegels Marc (full member)
- Other provision, “oui unanime, exclusion de membre” (deed in French)
- Director resignation, Anne Françoise Vanhoe (director)
- Director resignation, Luc Defrance (director)
- Other provision, “nomination de nouveaux administrateurs, néant” (deed in French)
- Director reappointment, Patrick Decaigny (director)
- Director reappointment, Thomas Van Cutsem (director)
- Director reappointment, Carl Vuylsteke (director)
- Director reappointment, Frédéric Goffin (director)
- +12 further facts in this act
About the unread acts
Of the 11 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21612C0286/00W014 | Brussels | 2.7 ha | 1 · 712 m² | 25.6 m · 8 |