EURODYNAMICS
ActiveEURODYNAMICS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €135k and a net result of €473k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 11% of 3549 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency33▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 1.0 against 1.17 in 2023; short-term debt: 83.2% and cash: 6.7% of total assets), and 92% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 3549 sector peers (2024).
NBB · sector comparisonPosition among 3549 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
42 d late
2022
24 d late
2021
31 d late
2020
25 d late
2019
29 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€473k▲ 21.6%
2023 · €389k
2018: €214k
2019: €268k
2020: €382k
2021: €334k
2022: €120k
2023: €389k
2018 → 2024
Working capital
€-4k
2023 · €194k
2018: €169k
2019: €421k
2020: €391k
2021: €436k
2022: €473k
2023: €194k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€441k-€474k▲ 7.4%€474k▲ 0.1%€163k▼ 65.7%€135k▼ 16.7%
Operating result€556k-€453k▼ 18.5%€137k▼ 69.8%€521k▲ 280%€642k▲ 23.3%
Net result€382k-€334k▼ 12.6%€120k▼ 63.9%€389k▲ 223%€473k▲ 21.6%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 23% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.70M
Fixed assets
€289k▲ 33.5%
Current assets
€1.41M▲ 5.3%
Equity and liabilities €1.70M
Equity
€135k▼ 16.7%
Debt
€1.57M▲ 12.2%
The debt ratio rises from 89.6% to 92.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€719k▲
2023 · €600k
Cash flow
€550k▲
2023 · €468k
Solvency
8.0%▼
2023 · 10.4%
Current ratio
1.00▼
2023 · 1.17
Quick ratio
0.65▼
2023 · 0.80
Debt / equity
11.56▲
2023 · 8.58
ROE
349.2%▲
2023 · 239.1%
ROA
27.8%▲
2023 · 25.0%
Interest coverage
31.91▼
2023 · 35.73
Debt
€1.57M▲
2023 · €1.39M
Debt ≤ 1 year
€1.42M▲
2023 · €1.15M
Debt > 1 year
€149k▼
2023 · €238k
Income taxes
€155k▲
2023 · €137k
Staff costs
€697k▼
2023 · €724k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.56M€1.70M▲
Fixed assets21/28€217k€289k▲
Intangible fixed assets21€48k€38k▼
Tangible fixed assets22/27€168k€251k▲
Plant, machinery and equipment23€12k€18k▲
Furniture and vehicles24€104k€193k▲
Leasing and similar rights25€18k€11k▼
Other tangible fixed assets26€34k€30k▼
Current assets29/58€1.34M€1.41M▲
Stocks and contracts in progress3€424k€490k▲
Stocks30/36€424k€490k▲
Amounts receivable within one year40/41€765k€759k▼
Trade receivables40€753k€759k▲
Other amounts receivable41€12k€176▼
Cash at bank and in hand54/58€109k€114k▲
Deferred charges and accrued income490/1€43k€48k▲
Equity and liabilities
Total equity and liabilities10/49€1.56M€1.70M▲
Equity10/15€163k€135k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€95k€68k▼
Amounts payable17/49€1.39M€1.57M▲
Amounts payable after more than one year17€238k€149k▼
Financial debts170/4€238k€149k▼
Amounts payable within one year42/48€1.15M€1.42M▲
Current portion of amounts payable after more than one year42€65k€92k▲
Financial debts43€20€2k▲
Credit institutions430/8€20€2k▲
Trade debts44€259k€181k▼
Suppliers440/4€259k€181k▼
Taxes, remuneration and social security45€123k€139k▲
Taxes450/3€47k€42k▼
Remuneration and social security454/9€75k€97k▲
Other amounts payable47/48€700k€1.00M▲
Accrued charges and deferred income492/3€10k€59▼
Income statement
Code20232024
Remuneration, social security and pensions62€724k€697k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80k€77k▼
Other operating charges640/8€13k€17k▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€1.34M€1.43M▲
Operating profit (loss)9901€521k€642k▲
Financial income75/76B€22k€9k▼
Recurring financial income75€22k€9k▼
Financial charges65/66B€17k€23k▲
Recurring financial charges65€17k€23k▲
Profit (loss) for the period before taxes9903€526k€628k▲
Income taxes67/77€137k€155k▲
Profit (loss) for the period9904€389k€473k▲
Profit (loss) for the period to be appropriated9905€389k€473k▲
Appropriation of the result
Profit (loss) to be appropriated9906€795k€568k▼
Profit (loss) brought forward from the previous period14P€406k€95k▼
Profit to be distributed694/7€700k€500k▼
Return on contributions (dividend)694€700k€500k▼
Social balance
Average headcount (FTE)908713.212.8▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €473k ▲21.6%
Operating result €642k, net result €473k, both a record.
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 42 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
31-12
Financial
Weakest financial yearnet €120k ▼63.9%
Net result drops to €120k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Equity above €200kEq €460k ▲138%
2 profitable years in a row build equity to €460k.
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Nivelles · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Thomas Edison 1311402 NivellesGround area
2,093 m²
Building footprint
935 m²
Parcel 25099D0012/00A002, Wallonia. Linked by address, not a title deed.
1 establishment unit
EURODYNAMICS SA
since 20002.039.379.072
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25099D0012/00A002 | Wallonia | 2,093 m² | 1 · 935 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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MARISSENS
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DS VENTILATION
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EECKHOUT
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Of 7,033 companies in sector 43221 we hold annual accounts for 3,468. 3,026 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-07-1988
Fiscal year end31-12
Activities, NACEBEL
28295Manufacture of machinery and equipment not elsewhere classified
41000
43221Plumbing work
36000Water collection, treatment and supply
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.