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Synicum

Active
Private limited companyfounded 1995active for 31 yearsStaatsbaan 2, 9991 Maldegem, BelgiumKBO/BCE: BE 0454.767.474
Summary

The computed 12-month bankruptcy probability of Synicum is 3.1% (moderate). The 2024 annual accounts show equity of €80,362 and a net result of €66,092. Equity is shrinking by about 12% per year across the filed financial years. The company has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activity not known1 site
Size
€135,182total assets 2024
Equity
€80,362
Profit
€66,092
Turnover not published (abbreviated or micro format)
Financial health
52 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.1%
Structure
Accounts 71 days overdue0 of 6 deeds read
Why 52raises risk1 financial year not filed after the legal deadline; latest accounts 263 days late; 2 of the last 3 lateFigures for financial year 2024 (filed 20-04-2026)lowers riskFounded in 1995Size: total assets €135,182Show the evidence

Checked score

Score 2024
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 64% of its sector peers (no NACE code, micro)
Financial strength · tick = 2023
Strong
Solvency 84+37
equity 59.4% of total assets
Liquidity 34+20
short-term debt 40.6% · cash 2.3%
Profitability 100=
return on assets 48.9%
Bankruptcy probability, 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 8.9% 12-2024: 8.9%● unchanged vs 11-2024 01-2025: 8.8%▼ -0.1 percentage points vs 12-2024 02-2025: 8.8%● unchanged vs 01-2025 03-2025: 8.8%● unchanged vs 02-2025 04-2025: 9.0%▲ +0.2 percentage points vs 03-2025 05-2025: 9.0%● unchanged vs 04-2025 06-2025: 9.5%▲ +0.5 percentage points vs 05-2025 07-2025: 9.8%▲ +0.3 percentage points vs 06-2025 08-2025: 11.6%▲ +1.8 percentage points vs 07-2025 09-2025: 13.7%▲ +2.1 percentage points vs 08-2025 10-2025: 18.4%▲ +4.7 percentage points vs 09-2025 11-2025: 18.4%● unchanged vs 10-2025 12-2025: 19.8%▲ +1.4 percentage points vs 11-2025 01-2026: 22.8%▲ +3.0 percentage points vs 12-2025 02-2026: 22.8%● unchanged vs 01-2026 03-2026: 23.2%▲ +0.4 percentage points vs 02-2026highest value 04-2026: 22.7%▼ -0.5 percentage points vs 03-2026 05-2026: 1.2%▼ -21.5 percentage points vs 04-2026lowest value 06-2026: 1.3%▲ +0.1 percentage points vs 05-2026 07-2026: 1.4%▲ +0.1 percentage points vs 06-2026 08-2026: 1.9%▲ +0.5 percentage points vs 07-2026 09-2026: 2.2%▲ +0.3 percentage points vs 08-2026 10-2026: 3.1%▲ +0.9 percentage points vs 09-2026
Credit of up to €4,000 on 30-day terms, only on tighter conditions
Liquidity ample (current ratio 2.47, compared with 1.28 in 2023; short-term debt: 40.6% and cash: 2.3% of total assets), and 40.6% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 50% on solvency, 19% on liquidity, 90% on profitability and 98% on growth.

The bankruptcy probability was computed on 10-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 263 days late; 2 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 20-04-2026)
NBB · annual accounts
lowers risk · Founded in 1995
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: total assets €135,182
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-04-2026, 263 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
263 days late
2023
31 days late
2022
67 days early
2021
30 days early
2020
1 day early
2019
4 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 32 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Highest result from 2018 to 2024net €66,092 ▲129%
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Positive: Equity rose in 2024from €14,270 to €80,362 ▲ 463% View
  • Caution: Accounts not fileddeadline was 31-07-2026 71 days late View
  • Positive: 7 profitable years in a rowprofit 2024: €66,092 7 years View

By topic

Financials

Financial year
2024
Total assets
€135,182
Profit
€66,092
Solvency
59.4%
Total assets▲ 109%
Net result
20182024
Go to Financials

Timeline

Events
33
Since
1996
  1. 25-05-2023Annual accounts filed
  2. 01-07-2022Annual accounts filed
  3. 31-12-2021Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Founded
09-03-1995
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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