ACTIVE

Dynaco Europe

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Financial year 2025 · Closed on 31/12/2025

Net result5,6 M €-12,0 %over 1 year
Revenue71,8 M €+5,3 %over 1 year
Equity4,8 M €+15,7 %over 1 year
Workforce138,4 ETP-3,3 %over 1 year

Identity

Source · BCE/KBO

Dynaco Europe is a Public limited company incorporated in 1990. Its main activity is: Manufacture of paints, varnishes and similar coatings, printing ink and mastics. Its registered office is in Aalst. It employs on average 138,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0439.752.567
Incorporation
11/01/1990
Legal form
Public limited company
Registered office
Waverstraat 21
9310 Aalst · FlandreSee on map
Contributed capital
1 046 550,00 €
Latest accounts
31/12/2025
Average workforce
138,4 ETP
Joint committees (2)
  • 111
  • 209
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue71,8 M €68,2 M €67,9 M €76,5 M €67,9 M €
EBITDA10,9 M €11 M €15,2 M €15,2 M €18,3 M €
Operating result9 M €9,1 M €13,2 M €13,6 M €16,3 M €
Net result5,6 M €6,4 M €9 M €9,1 M €11,7 M €
Balance sheet
Equity4,8 M €4,1 M €3,7 M €9,7 M €8,7 M €
Total assets24,5 M €22,2 M €31 M €34,2 M €37,6 M €
Cash1,7 k €1,6 k €985,5 €538 €5,2 k €
Debts19,2 M €16,7 M €25,8 M €22,6 M €27 M €
Other
Workforce138,4 ETP143,1 ETP145,1 ETP141,9 ETP148,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 45 ended

Active mandates

Jonas Erik Ask

Director · since 31 mars 2025 · until 28 mai 2028

Active
Marina Lindholm

Director · since 28 juin 2023 · until 30 juin 2025

Active
Mark Driscart

Managing director · since 29 juin 2022 · until 29 mai 2027

Active

Ended mandates

Ernst et Young Reviseurs d'Entreprises

Auditor · since 28 juin 2023 · until 24 juin 2026 · 0446.334.711

Represented by Francis Boelens

Ended
Mikko Justus Viitala

Director · since 31 janvier 2023 · until 28 juin 2023

Ended
Mark Driscart

Managing director · since 29 juin 2022 · until 28 mai 2022

Ended
Marina Lindholm

Director · since 24 septembre 2020 · until 28 juin 2023

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/07/202603/07/202523/08/202429/06/202330/06/202214/06/2021
General meeting03/07/202627/06/202512/08/202428/06/202329/06/202211/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202503/07/202623/07/2026DutchPDF
Full model31/12/202427/06/202503/07/2025DutchPDF
Full model31/12/202312/08/202423/08/2024DutchPDF
Full model31/12/202228/06/202329/06/2023DutchPDF
Full model31/12/202129/06/202230/06/2022DutchPDF
Full model31/12/202011/06/202114/06/2021DutchPDF
Full model31/12/201929/05/202015/06/2020DutchPDF
Full model31/12/201814/06/201924/06/2019DutchPDF
Full model31/12/201715/06/201819/06/2018DutchPDF
Full model31/12/201616/06/201729/06/2017DutchPDF
Full model31/12/201527/05/201614/06/2016DutchPDF
Full model31/12/201429/05/201509/06/2015DutchPDF
Full model31/12/201330/05/201418/06/2014DutchPDF
Full model31/12/201231/05/201304/06/2013DutchPDF
Full model31/12/201125/05/201213/06/2012DutchPDF
Full model31/12/201027/05/201120/06/2011DutchPDF
Full model31/12/200903/05/201027/05/2010DutchPDF
Full model31/12/200812/06/200908/07/2009DutchPDF
Full model31/12/200730/05/200829/07/2008DutchPDF
Full model31/12/200625/05/200727/07/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 45 ended

Active mandates

Jonas Erik Ask

Director · since 31 mars 2025 · until 28 mai 2028

Active
Marina Lindholm

Director · since 28 juin 2023 · until 30 juin 2025

Active
Mark Driscart

Managing director · since 29 juin 2022 · until 29 mai 2027

Active

Ended mandates

Ernst et Young Reviseurs d'Entreprises

Auditor · since 28 juin 2023 · until 24 juin 2026 · 0446.334.711

Represented by Francis Boelens

Ended
Mikko Justus Viitala

Director · since 31 janvier 2023 · until 28 juin 2023

Ended
Mark Driscart

Managing director · since 29 juin 2022 · until 28 mai 2022

Ended
Marina Lindholm

Director · since 24 septembre 2020 · until 28 juin 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates10/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other27/09/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING
    PDF
  • Mandates28/01/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/10/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/10/2019
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20255,6 M €↓
  2. 31/03/2025
    nominationJonas Ask — bestuurder
  3. 2024
    Annual accounts 20246,4 M €↓
  4. 2023
    Annual accounts 20239 M €↓
  5. 28/06/2023
    demissionMikko Justus Viitala — bestuurder
  6. 28/06/2023
    reconductionMarina Lindholm — bestuurder
  7. 28/06/2023
    demissionLars Ynner — bestuurder
  8. 28/06/2023
    nominationMikko Justus Viitala — bestuurder
  9. 28/06/2023
    reconductionEY Bedrijfsrevisoren BV — commissaris
  10. 2022
    Annual accounts 20229,1 M €↓
  11. 29/06/2022
    reconductionMark Driscart — bestuurder
  12. 29/06/2022
    reconductionMark Driscart — gedelegeerd bestuurder
  13. 2021
    Annual accounts 202111,7 M €↓
  14. 2020
    Annual accounts 202011,9 M €↑
  15. 2019
    Annual accounts 201911 M €↑
  16. 2018
    Annual accounts 201810,8 M €↓
  17. 2017
    Annual accounts 201713,5 M €↑
  18. 2016
    Annual accounts 201611,1 M €↑
  19. 2015
    Annual accounts 201510,7 M €↓
  20. 2015
    Name changeENTREMATIC BELGIUM
  21. 2014
    Annual accounts 201440,5 M €↑
  22. 2013
    Annual accounts 20138,7 M €↑
  23. 2012
    Annual accounts 20128 M €↑
  24. 2011
    Annual accounts 20117 M €↑
  25. 2010
    Annual accounts 20103,1 M €↑
  26. 2009
    Annual accounts 2009982 k €↓
  27. 2008
    Annual accounts 20082,2 M €↑
  28. 2007
    Annual accounts 2007830,6 k €↓
  29. 2006
    Annual accounts 20061,3 M €
  30. 2006
    Name changeDynaco Europe
  31. 11/01/1990
    IncorporationPublic limited company