DRYTEC
ActiveSummary
DRYTEC has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.94M and a net result of €182k. Equity is growing by ~32.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 316 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-15
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days acceptable
Liquidity ample (current ratio 11.18 against 4.21 in 2023; short-term debt: 8.8% and cash: 4.1% of total assets), and 8.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
91.1%
Return on assets
5.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-06-2025, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
on the day
2022
24 d late
2021
44 d early
2020
47 d early
2019
41 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€182k▼ 72.2%
2023 · €653k
2018: €-3k
2019: €-73k▼ -2566% vs 2018lowest in 7 years
2020: €427k▲ +687% vs 2019
2021: €478k▲ +11.9% vs 2020
2022: €646k▲ +35.3% vs 2021
2023: €653k▲ +1.1% vs 2022highest in 7 years
2024: €182k▼ -72.2% vs 2023
2018 → 2024
Working capital
€2.88M▲ 6.5%
2023 · €2.71M
2018: €591k
2019: €508k▼ -14.0% vs 2018lowest in 7 years
2020: €983k▲ +93.5% vs 2019
2021: €1.46M▲ +48.2% vs 2020
2022: €2.07M▲ +41.9% vs 2021
2023: €2.71M▲ +31.0% vs 2022
2024: €2.88M▲ +6.5% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€983k-€1.46M▲ 48.6%€2.11M▲ 44.2%€2.76M▲ 31.0%€2.94M▲ 6.6%
2020: €983klowest in 5 years
2021: €1.46M▲ +48.6% vs 2020
2022: €2.11M▲ +44.2% vs 2021
2023: €2.76M▲ +31.0% vs 2022
2024: €2.94M▲ +6.6% vs 2023highest in 5 years
Operating result€572k-€655k▲ 14.5%€890k▲ 35.8%€893k▲ 0.3%€263k▼ 70.5%
2020: €572k
2021: €655k▲ +14.5% vs 2020
2022: €890k▲ +35.8% vs 2021
2023: €893k▲ +0.3% vs 2022highest in 5 years
2024: €263k▼ -70.5% vs 2023lowest in 5 years
Net result€427k-€478k▲ 11.9%€646k▲ 35.3%€653k▲ 1.1%€182k▼ 72.2%
2020: €427k
2021: €478k▲ +11.9% vs 2020
2022: €646k▲ +35.3% vs 2021
2023: €653k▲ +1.1% vs 2022highest in 5 years
2024: €182k▼ -72.2% vs 2023lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 71% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.23M
Fixed assets
€61k ▲ 16.5%
Current assets
€3.17M ▼ 10.9%
Equity and liabilities €3.23M
Equity
€2.94M ▲ 6.6%
Debt
€286k ▼ 66.2%
Debt's share of the balance-sheet total falls from 23.4% to 8.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€269k▼
2023 · €900k
Cash flow
€187k▼
2023 · €661k
Current ratio
11.18▲
2023 · 4.21
Quick ratio
3.72▲
2023 · 1.44
Debt to equity
0.10▼
2023 · 0.31
ROE
6.2%▼
2023 · 23.7%
ROA
5.6%▼
2023 · 18.1%
Interest coverage
18.94▼
2023 · 64.08
Debt ≤ 1 year
€283k▼
2023 · €845k
Income taxes
€72k▼
2023 · €228k
Staff costs
€842k▲
2023 · €750k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.61M€3.23M▼
Fixed assets21/28€52k€61k▲
Tangible fixed assets22/27€51k€59k▲
Land and buildings22€1k€980▼
Plant, machinery and equipment23€31k€27k▼
Furniture and vehicles24€0€9k▲
Assets under construction and advance payments27€19k€23k▲
Financial fixed assets28€845€1k▲
Current assets29/58€3.55M€3.17M▼
Stocks and contracts in progress3€2.33M€2.11M▼
Stocks30/36€2.33M€2.11M▼
Amounts receivable within one year40/41€1.06M€921k▼
Trade receivables40€1.04M€913k▼
Other amounts receivable41€13k€8k▼
Cash at bank and in hand54/58€164k€133k▼
Deferred charges and accrued income490/1€450€668▲
Equity and liabilities
Total equity and liabilities10/49€3.61M€3.23M▼
Equity10/15€2.76M€2.94M▲
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€392k€392k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€182k€182k=
Distributable reserves133€197k€197k=
Profit (loss) carried forward14€2.24M€2.43M▲
Amounts payable17/49€846k€286k▼
Amounts payable within one year42/48€845k€283k▼
Trade debts44€716k€171k▼
Suppliers440/4€716k€171k▼
Taxes, remuneration and social security45€129k€112k▼
Taxes450/3€6k€12k▲
Remuneration and social security454/9€123k€101k▼
Accrued charges and deferred income492/3€411€3k▲
Income statement
Code20232024
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€750k€842k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€5k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€36k€0▼
Other operating charges640/8€4k€6k▲
Non-recurring operating charges66A-€24k
Gross operating margin9900€1.69M€1.14M▼
Operating profit (loss)9901€893k€263k▼
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€14k€14k▲
Recurring financial charges65€14k€14k▲
Profit (loss) for the period before taxes9903€881k€254k▼
Income taxes67/77€228k€72k▼
Profit (loss) for the period9904€653k€182k▼
Profit (loss) for the period to be appropriated9905€653k€182k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.24M€2.43M▲
Profit (loss) brought forward from the previous period14P€1.59M€2.24M▲
Social balance
Average headcount (FTE)908713.413.6▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €4k | - |
| Remuneration, social security and pensions62 | - | €532k | €586k | €750k | €842k | ▲ 12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €3k | €6k | €8k | €5k | ▼ 33.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-36k | €-9k | €36k | €0 | ▼ 100% |
| Other operating charges640/8 | - | €39k | €8k | €4k | €6k | ▲ 37.7% |
| Non-recurring operating charges66A | - | - | - | - | €24k | - |
| Gross operating margin9900 | €1.06M | €1.19M | €1.48M | €1.69M | €1.14M | ▼ 32.6% |
| Operating profit (loss)9901 | €572k | €655k | €890k | €893k | €263k | ▼ 70.5% |
| Financial income75/76B | - | €4k | €7k | €3k | €5k | ▲ 80.4% |
| Recurring financial income75 | €950 | €4k | €7k | €3k | €5k | ▲ 80.4% |
| Financial charges65/66B | - | €16k | €27k | €14k | €14k | ▲ 0.9% |
| Recurring financial charges65 | €15k | €16k | €27k | €14k | €14k | ▲ 0.9% |
| Profit (loss) for the period before taxes9903 | €558k | €643k | €870k | €881k | €254k | ▼ 71.2% |
| Income taxes67/77 | €131k | €165k | €224k | €228k | €72k | ▼ 68.3% |
| Profit (loss) for the period9904 | €427k | €478k | €646k | €653k | €182k | ▼ 72.2% |
| Profit (loss) for the period to be appropriated9905 | €427k | €478k | €646k | €653k | €182k | ▼ 72.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.15M | €2.96M | €4.38M | €3.61M | €3.23M | ▼ 10.5% |
| Fixed assets21/28 | €11k | €7k | €40k | €52k | €61k | ▲ 16.5% |
| Tangible fixed assets22/27 | €10k | €7k | €40k | €51k | €59k | ▲ 16.4% |
| Land and buildings22 | - | €5k | €3k | €1k | €980 | ▼ 15.0% |
| Plant, machinery and equipment23 | - | €893 | €37k | €31k | €27k | ▼ 15.4% |
| Furniture and vehicles24 | - | €1k | €669 | €0 | €9k | - |
| Assets under construction and advance payments27 | - | - | - | €19k | €23k | ▲ 22.0% |
| Financial fixed assets28 | €466 | - | - | €845 | €1k | ▲ 22.5% |
| Current assets29/58 | €3.14M | €2.96M | €4.33M | €3.55M | €3.17M | ▼ 10.9% |
| Stocks and contracts in progress3 | €1.30M | €1.42M | €3.04M | €2.33M | €2.11M | ▼ 9.5% |
| Stocks30/36 | - | €1.42M | €3.04M | €2.33M | €2.11M | ▼ 9.5% |
| Amounts receivable within one year40/41 | €1.02M | €1.42M | €1.10M | €1.06M | €921k | ▼ 12.7% |
| Trade receivables40 | - | €1.21M | €1.07M | €1.04M | €913k | ▼ 12.4% |
| Other amounts receivable41 | - | €210k | €29k | €13k | €8k | ▼ 36.3% |
| Cash at bank and in hand54/58 | €421k | €113k | €187k | €164k | €133k | ▼ 19.1% |
| Deferred charges and accrued income490/1 | - | €2k | €9k | €450 | €668 | ▲ 48.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.15M | €2.96M | €4.38M | €3.61M | €3.23M | ▼ 10.5% |
| Equity10/15 | €983k | €1.46M | €2.11M | €2.76M | €2.94M | ▲ 6.6% |
| Contributions10/11 | €124k | €124k | €124k | €124k | €124k | = |
| Capital10 | - | €124k | €124k | €124k | €124k | = |
| Issued capital100 | - | €124k | €124k | €124k | €124k | = |
| Reserves13 | €392k | €392k | €392k | €392k | €392k | = |
| Non-distributable reserves130/1 | - | €12k | €12k | €12k | €12k | = |
| Legal reserve130 | - | €12k | €12k | €12k | €12k | = |
| Tax-exempt reserves132 | - | €182k | €182k | €182k | €182k | = |
| Distributable reserves133 | - | €197k | €197k | €197k | €197k | = |
| Profit (loss) carried forward14 | €467k | €945k | €1.59M | €2.24M | €2.43M | ▲ 8.1% |
| Amounts payable17/49 | €2.17M | €1.50M | €2.27M | €846k | €286k | ▼ 66.2% |
| Amounts payable within one year42/48 | €2.16M | €1.50M | €2.27M | €845k | €283k | ▼ 66.5% |
| Trade debts44 | €2.10M | €1.42M | €2.15M | €716k | €171k | ▼ 76.1% |
| Suppliers440/4 | - | €1.42M | €2.15M | €716k | €171k | ▼ 76.1% |
| Taxes, remuneration and social security45 | - | €76k | €114k | €129k | €112k | ▼ 12.9% |
| Taxes450/3 | - | €687 | €11k | €6k | €12k | ▲ 87.0% |
| Remuneration and social security454/9 | - | €75k | €103k | €123k | €101k | ▼ 17.9% |
| Accrued charges and deferred income492/3 | - | €3k | €509 | €411 | €3k | ▲ 513% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €427k | €478k | €646k | €653k | €182k | ▼ 72.2% |
| + Depreciation and write-downs630 | €4k | €3k | €6k | €8k | €5k | ▼ 33.0% |
| Operating cash flow (approximation) | €431k | €481k | €652k | €661k | €187k | ▼ 71.7% |
| Investment in fixed assets (approximation) | - | €466 | €-39k | €-19k | €-14k | ▲ 28.5% |
| Change in cash | - | €-308k | €74k | €-22k | €-31k | ▼ 40.3% |
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
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity triplescurrent ratio 11.18
Current ratio from 4.21 to 11.18; short-term debt falls from €845k to €283k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €653k ▲1.1%
Operating result €893k, net result €653k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.21
Current ratio from 1.91 to 4.21; short-term debt falls from €2.27M to €845k.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
31-12
Financial
Equity above €2MEq €2.11M ▲44.2%
3 profitable years in a row build equity to €2.11M.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €1MEq €1.46M ▲48.6%
2 profitable years in a row build equity to €1.46M.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €427k
Net result €427k after 2 loss-making years.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 41 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-73k
Net result drops to €-73k, the lowest in the series; recovery starts the following year.
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 43 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
14-07
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.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 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, Sprimont · 1 establishment unit since 1983
Ground area
4,140 m²
Building footprint
550 m²
Parcel 62067D0001/00Y007, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de la Légende 36, 4141 Sprimont
since 19832.023.635.675
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62067D0001/00Y007 | Wallonia | 4,140 m² | 1 · 550 m² | - |
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.
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Of 462 companies in sector 28250 we hold annual accounts for 286. 141 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
27110Manufacture of electrical equipment
28250Manufacture of machinery and equipment not elsewhere classified
43211General electrical installation work
Contact
E-mail
info@drytec.be
Phone
04 367 52 43
Fax
04 367 08 05
Scores and ratios are computed by Checked and are not a credit decision.