DYNASET
DYNASET has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-163k) and a net result of €44k. Equity is shrinking by ~39.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 7505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
| Equity | €-163k |
| Net result | €44k |
| Staff (FTE) | 7.7 |
| Better than sector | 5% |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -11.4% | 44.0% | |
| Net result | €44k | €29k | |
| Equity | €-163k | €274k | |
| Gross operating margin | €894k | €272k | |
| Staff costs | €581k | €243k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €209k | €-536k | €326k | €257k | €320k |
| Net profit | €44k | €-716k | €98k | €36k | €61k |
| Cash flow | €129k | €-604k | €223k | €189k | €240k |
| Staff costs | €581k | €896k | €782k | €672k | €691k |
| Income taxes | €818 | €2k | €54k | €27k | €36k |
| Dividends | - | €0 | €110k | €54k | - |
| Total assets | €1.43M | €1.80M | €2.88M | €2.28M | €2.67M |
| Equity | €-163k | €-207k | €509k | €521k | €539k |
| Debt | €1.59M | €2.01M | €2.37M | €1.76M | €2.13M |
| of which ≤ 1y | €1.54M | €1.96M | €2.28M | €1.58M | €1.92M |
| of which > 1y | €33k | €48k | €66k | €183k | €214k |
| Working capital | €-325k | €-421k | €352k | €345k | €244k |
| Employees (FTE) | 7.7 | 10.9 | 11.2 | 10.4 | 10.6 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.79 | 0.79 | 1.15 | 1.22 | 1.13 |
| Quick ratio | 0.53 | 0.62 | 0.98 | 0.85 | 0.83 |
| Working capital ratio | -22.8% | -23.3% | 12.2% | 15.1% | 9.2% |
| Solvency | -11.4% | -11.5% | 17.7% | 22.8% | 20.2% |
| Debt / equity | -9.77 | -9.70 | 4.65 | 3.38 | 3.95 |
| Long-term debt ratio | -0.20 | -0.23 | 0.13 | 0.35 | 0.40 |
| Interest coverage | 2.49 | -7.35 | 6.55 | 6.17 | 7.13 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 3.1% | -39.7% | 3.4% | 1.6% | 2.3% |
| ROE | -27.3% | 345.8% | 19.2% | 7.0% | 11.3% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.43M | €1.80M | €2.88M | €2.28M | €2.67M |
| Fixed assets | 21/28 | €217k | €262k | €247k | €359k | €508k |
| Tangible fixed assets | 22/27 | €217k | €262k | €247k | €358k | €508k |
| Financial fixed assets | 28 | €140 | €367 | €367 | €367 | €367 |
| Current assets | 29/58 | €1.21M | €1.54M | €2.63M | €1.93M | €2.16M |
| Stocks & contracts in progress | 3 | €397k | €322k | €388k | €577k | €567k |
| Amounts receivable within one year | 40/41 | €732k | €1.13M | €2.15M | €998k | €1.30M |
| Investments | 50/53 | €37k | €39k | €39k | €39k | €39k |
| Cash & bank | 54/58 | €22k | €38k | €50k | €270k | €208k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.43M | €1.80M | €2.88M | €2.28M | €2.67M |
| Equity | 10/15 | €-163k | €-207k | €509k | €521k | €539k |
| Contributions / capital | 10/11 | €387k | €387k | €387k | €387k | €387k |
| Reserves | 13 | €39k | €39k | €122k | €134k | €152k |
| Accumulated profits (losses) | 14 | €-589k | €-633k | €0 | - | - |
| Amounts payable | 17/49 | €1.59M | €2.01M | €2.37M | €1.76M | €2.13M |
| Amounts payable after one year | 17 | €33k | €48k | €66k | €183k | €214k |
| Amounts payable within one year | 42/48 | €1.54M | €1.96M | €2.28M | €1.58M | €1.92M |
| Trade debts payable within one year | 44 | €540k | €986k | €1.32M | €778k | €816k |
| Income statement | ||||||
| Gross operating margin | 9900 | €894k | €383k | €1.13M | €942k | €1.03M |
| Operating result | 9901 | €124k | €-648k | €201k | €105k | €141k |
| Financial income | 75 | €5k | €6k | €556 | €335 | €372 |
| Financial charges | 65 | €84k | €73k | €50k | €42k | €45k |
| Result before taxes | 9903 | €45k | €-715k | €151k | €63k | €97k |
| Income taxes | 67/77 | €818 | €2k | €54k | €27k | €36k |
| Net result for the period | 9904 | €44k | €-716k | €98k | €36k | €61k |
| Result to be appropriated | 9905 | €44k | €-716k | €98k | €36k | €61k |
| NACE primary | Other specialised construction activities(43990) |
| Legal form | Public limited company(014) |
| Incorporation | 30-08-1996 |
| Status | Active |
| Postal code | 1620 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22001A0031/00T000 | Flanders | 1,633 m² | 1 · 978 m² | 8.8 m · 2 fl. |
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
29-04-2025 Registered office moved from Dilbeek to Drogenbos
- Brusselstraat 163 - 1702 Dilbeek (Groot-Bijgaarden) → Humaniteitslaan 435 - 1620 Drogenbos
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Humaniteitslaan 435 - 1620 Drogenbos",
"city": "Drogenbos",
"region": "vlaams_gewest",
"street": "Humaniteitslaan",
"country": "BE",
"postcode": "1620",
"box_number": null,
"street_number": "435",
"locality_suffix": null
},
"old_address": {
"raw": "Brusselstraat 163 - 1702 Dilbeek (Groot-Bijgaarden)",
"city": "Dilbeek",
"region": "vlaams_gewest",
"street": "Brusselstraat",
"country": "BE",
"postcode": "1702",
"box_number": null,
"street_number": "163",
"locality_suffix": "(Groot-Bijgaarden)"
},
"effective_date": "2025-04-22",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Brussel",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "2025-04-22",
"act_kind_objet": "ZETELWIJZIGING"
},
"decision": {
"body": "enige_bestuurder",
"date": "2025-03-11",
"unanimous": null
},
"subject_company": {
"kbo": "0458.706.466",
"name_full": "DYNASET",
"legal_form": "NAAMLOZE VENNOOTSCHA\u0420"
},
"publication_proxy": {
"kind": "org",
"org_kbo": "0420.048.305",
"org_name": "A. SCHETS \u0026 PARTNERS - BELASTINGCONSULENTEN - ACCOUNTANTS",
"person_name": null,
"org_rep_person_name": "Pieter De Doncker",
"person_role_at_subject": null
},
"co_filed_documents": [
"kopie na neerlegging van de akte ter griffie"
]
}| Legal nameNL | DYNASET |