This pictures sheds some light on this mystery break. I was able to find some information about Dyna-Süd, its connections to Veritas and this little break.
Veritas was founded in 1946 by Ernst Dietrich, Schorsch Meier and Ernst Loof. In November 1950, the three partners split and Veritas went bankrupt. Already in October 1950 Dietrich had founded the Dyna Automobil Import und Export GmbH. This company was established on the one hand to import Panhard Dyna and supply the meanwhile 50 Panhard dealers in Germany. Two distibuting companies were set up: Dyna-West in Essen and Dyna-Süd in Munich. In January 1951, 15 Panhard Dyna 120 arrived from France, and it is believed that one of those cars was converted into our puzzle car. On the other hand Dietrich tried to start the Dyna-Veritas production again which he managed to do in March 1951. In 1954, Dyna Automobil GmbH went bankrupt and the Dyna-Veritas production terminated for good.
The pictured dealer "Autozentrale Brienner-Straße" was a Gutbrod, Panhard and Veritas dealer in Munich and still exists as a Renault and Dacia dealer. [attachimg=1]
It seems it shared its address with Dyna-Süd. [attachimg=2]
To conclude this, I would say that this car is a Panhard Dyna 120 Break with bodywork by an unknown German coachbuilder, probably built for the Dyna Automobil GmbH, but it is not a Veritas or Dyna-Veritas.
A very interesting piece of German postwar car history anyway.