DE SYNDICUS
ActiveSummary
The computed 12-month bankruptcy probability of DE SYNDICUS is 1.8% (moderate). The 2025 annual accounts show equity of €587,569 and a net result of -€279,473. Equity is shrinking by ~4.6% per year across the filed fiscal years. The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Combined facilities support activities
NACE 81100Property management for co-owned buildings (syndics) NACE 68321NACE 70321
#2 company by staff growth in Limburg, Building services and landscaping sector5 sites
How big
€2.8mtotal assets 2025
- Staff
- 46.4 FTE
- Equity
- €587,569
- Loss
- -€279,473
Turnover not published (abridged schema)
Who decides
- Parent
- KONRAD INVEST · 89.78%
- Holdings
- 1
Accounts 32 d early0 of 9 deeds read
Why 39- Multiple establishment units- Higher-failure-rate sector+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-58
Solvency46▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.4 against 0.62 in 2024; short-term debt: 63.6% and cash: 3.3% of total assets), and 78.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
30 d early
2023
33 d early
2022
4 d early
2021
37 d early
2020
2 d early
2019
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Weakest financial yearnet -€279,473
- Annual accounts filedfiscal year 2024 · abbreviated…
Financials
Fiscal year 2025Total assets €2.8mLoss -€279,473Solvency 21.2%Liquidity 0.40
Turnover
€1.4m
2018
Net result
-€279,473
2018 - 2025
Equity
€587,569▼ 32.2%
2018 - 2025
Staff (FTE)
46.4▲ 4.3%
2018 - 2025
Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 company by staff growth in Limburg, Building services and landscaping sector#10 employer in Hasselt, Administrative and support services sector
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€0.05m▼ 80.8%-€0.05m€0.09m€0.3m▲ 279%-€0.2m
Net result€0.01mwithin the sector's middle half▼ 93.9%-€0.1mbelow the sector's middle half-€0.005mbelow the sector's middle half▲ 96.0%€0.1mabove the sector's middle half-€0.3m
EBIT margin
Equity€0.9mabove the sector's middle half▼ 15.9%€0.7mwithin the sector's middle half▼ 14.8%€0.7mwithin the sector's middle half▼ 0.7%€0.9mabove the sector's middle half▲ 19.9%€0.6m▼ 32.2%
Total assets€2.2mabove the sector's middle half▲ 72.4%€2.3mabove the sector's middle half▲ 5.0%€2.7mabove the sector's middle half▲ 13.7%€2.8mabove the sector's middle half▲ 5.5%€2.8m▼ 1.6%
Debt€1.4m▲ 395%€1.6m▲ 17.2%€1.9m▲ 20.2%€1.9m▲ 0.2%€2.2m▲ 12.1%
Working capital€0.08mwithin the sector's middle half▼ 91.7%-€0.2mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 114%-€0.5mbelow the sector's middle half▼ 52.6%-€1.1m▼ 103%
Solvency38.3%within the sector's middle half▼ 40.2pp31.1%within the sector's middle half▼ 7.2pp27.1%within the sector's middle half▼ 3.9pp30.8%within the sector's middle half▲ 3.7pp21.2%▼ 9.6pp
Current ratio1.17within the sector's middle half▼ 4.620.79below the sector's middle half▼ 0.380.72below the sector's middle half▼ 0.070.62below the sector's middle half▼ 0.100.40▼ 0.22
Return on assets (ROA)0.5%below the sector's middle half▼ 14.1pp-5.4%below the sector's middle half▼ 5.9pp-0.2%below the sector's middle half▲ 5.2pp5.1%within the sector's middle half▲ 5.3pp-10.1%▼ 15.2pp
Staff (FTE)21.4above the sector's middle half▲ 18.2%35.1above the sector's middle half▲ 64.0%40.2above the sector's middle half▲ 14.5%44.5above the sector's middle half▲ 10.7%46.4▲ 4.3%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Net result +96% on 2022. Merger absorbing Syndicusassociatie, according to the KBO register on 22-12-2022, in the previous fiscal year; now counts for a full year for the first time.
- 2022 Staff (FTE) +64% on 2021. Merger absorbing Syndicusassociatie, according to the KBO register on 22-12-2022.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €227,687 after €325,334 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.8m
Fixed assets
€2.1m ▲ 5.6%
Current assets
€696,254 ▼ 17.8%
Equity and liabilities €2.8m
Equity
€587,569 ▼ 32.2%
Debt
€2.2m ▲ 12.1%
Debt's share of the balance-sheet total rises from 69.2% to 78.8%. Equity is lower and debt is higher.
Key figures and ratios
Key figures and ratios
EBITDA
€67,367▼
2024 · €619,707
Cash flow
€15,581▼
2024 · €438,360
Debt to equity
3.71▲
2024 · 2.24
ROE
-47.6%▼
2024 · 16.6%
Interest coverage
1.34▼
2024 · 13.31
Debt ≤ 1 year
€1.8m▲
2024 · €1.4m
Debt > 1 year
€410,615▼
2024 · €563,166
Income taxes
€4,492▼
2024 · €144,082
Staff costs
€3.0m▲
2024 · €2.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 307 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 89% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.9%
went bankrupt
5.2%
stopped otherwise
89%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 307 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €447 | €0.2m | ▲ 39,054% |
| Remuneration, social security and pensions62 | €1.0m | €1.5m | €2.3m | €2.6m | €3.0m | ▲ 14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0.02m | €0.003m | €0.06m | ▲ 1,592% |
| Other operating charges640/8 | €0.007m | €0.02m | €0.02m | €0.3m | €0.4m | ▲ 59.9% |
| Non-recurring operating charges66A | - | €0.03m | - | - | €0.007m | - |
| Gross operating margin9900 | €1.1m | €1.6m | €2.5m | €3.5m | €3.5m | ▲ 1.1% |
| Operating profit (loss)9901 | €0.05m | -€0.05m | €0.09m | €0.3m | -€0.2m | ▼ 170% |
| Financial income75/76B | €0.003m | €0.002m | €0.01m | €0.009m | €0.003m | ▼ 67.7% |
| Recurring financial income75 | €0.003m | €0.002m | €0.01m | €0.009m | €0.003m | ▼ 67.7% |
| Financial charges65/66B | €0.02m | €0.06m | €0.04m | €0.05m | €0.05m | ▲ 8.0% |
| Recurring financial charges65 | €0.02m | €0.06m | €0.04m | €0.05m | €0.05m | ▲ 8.0% |
| Profit (loss) for the period before taxes9903 | €0.03m | -€0.1m | €0.06m | €0.3m | -€0.3m | ▼ 195% |
| Income taxes67/77 | €0.02m | €0.02m | €0.06m | €0.1m | €0.004m | ▼ 96.9% |
| Profit (loss) for the period9904 | €0.01m | -€0.1m | -€0.005m | €0.1m | -€0.3m | ▼ 294% |
| Profit (loss) for the period to be appropriated9905 | €0.01m | -€0.1m | -€0.005m | €0.1m | -€0.3m | ▼ 294% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.3m | €2.7m | €2.8m | €2.8m | ▼ 1.6% |
| Formation expenses20 | - | €0.001m | €0.01m | €0.01m | €0.009m | ▼ 26.7% |
| Fixed assets21/28 | €1.7m | €1.8m | €1.8m | €2.0m | €2.1m | ▲ 5.6% |
| Intangible fixed assets21 | - | €0.6m | €0.6m | €1.2m | €1.1m | ▼ 12.5% |
| Tangible fixed assets22/27 | €0.1m | €0.2m | €0.2m | €0.7m | €0.9m | ▲ 39.0% |
| Land and buildings22 | €0.04m | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 17.2% |
| Plant, machinery and equipment23 | - | €0.002m | €0.004m | €0.04m | €0.04m | ▲ 0.6% |
| Furniture and vehicles24 | €0.09m | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 28.1% |
| Leasing and similar rights25 | - | €0.06m | €0.08m | €0.2m | €0.3m | ▲ 43.8% |
| Other tangible fixed assets26 | - | €0.01m | €0.007m | €0.02m | €0.01m | ▼ 33.0% |
| Assets under construction and advance payments27 | - | - | - | €0.2m | €0.4m | ▲ 81.9% |
| Financial fixed assets28 | €1.5m | €0.9m | €0.9m | €0.04m | €0.04m | = |
| Current assets29/58 | €0.6m | €0.6m | €0.9m | €0.8m | €0.7m | ▼ 17.8% |
| Amounts receivable within one year40/41 | €0.4m | €0.4m | €0.8m | €0.7m | €0.6m | ▼ 17.8% |
| Trade receivables40 | €0.1m | €0.3m | €0.7m | €0.5m | €0.4m | ▼ 30.5% |
| Other amounts receivable41 | €0.2m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 23.4% |
| Current investments50/53 | €0.05m | €0.05m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.07m | €0.1m | €0.09m | ▼ 19.8% |
| Deferred charges and accrued income490/1 | €0.01m | €0.009m | - | €0.04m | €0.04m | ▼ 11.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.3m | €2.7m | €2.8m | €2.8m | ▼ 1.6% |
| Equity10/15 | €0.9m | €0.7m | €0.7m | €0.9m | €0.6m | ▼ 32.2% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.8m | €0.7m | €0.7m | €0.8m | €0.6m | ▼ 32.9% |
| Non-distributable reserves130/1 | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | €0.002m | €0.002m | - | - | - | - |
| Tax-exempt reserves132 | €244 | €244 | €244 | €244 | €244 | = |
| Distributable reserves133 | €0.8m | €0.7m | €0.7m | €0.8m | €0.6m | ▼ 32.9% |
| Amounts payable17/49 | €1.4m | €1.6m | €1.9m | €1.9m | €2.2m | ▲ 12.1% |
| Amounts payable after more than one year17 | €0.9m | €0.8m | €0.7m | €0.6m | €0.4m | ▼ 27.1% |
| Financial debts170/4 | €0.9m | €0.8m | €0.7m | €0.6m | €0.4m | ▼ 27.1% |
| Amounts payable within one year42/48 | €0.5m | €0.8m | €1.2m | €1.4m | €1.8m | ▲ 28.3% |
| Current portion of amounts payable after more than one year42 | €0.1m | €0.2m | €0.2m | €0.3m | €0.5m | ▲ 33.6% |
| Financial debts43 | €0.1m | €0.04m | €0.2m | €0.2m | €0.2m | ▲ 3.8% |
| Credit institutions430/8 | €0.1m | €0.04m | €0.2m | €0.2m | €0.2m | ▲ 3.8% |
| Trade debts44 | €0.05m | €0.2m | €0.3m | €0.4m | €0.7m | ▲ 79.4% |
| Suppliers440/4 | €0.05m | €0.2m | €0.3m | €0.4m | €0.7m | ▲ 79.4% |
| Taxes, remuneration and social security45 | €0.2m | €0.3m | €0.4m | €0.4m | €0.3m | ▼ 10.1% |
| Taxes450/3 | €0.05m | €0.02m | €0.09m | €0.1m | €0.1m | ▼ 33.8% |
| Remuneration and social security454/9 | €0.1m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 5.2% |
| Other amounts payable47/48 | - | €0.09m | €0.2m | €0.02m | €0.008m | ▼ 67.1% |
| Accrued charges and deferred income492/3 | €0.005m | €0.02m | €0.01m | €0.01m | €0.009m | ▼ 9.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,545 | -€126,213 | -€5,077 | €143,987 | -€279,473 | ▼ 294% |
| + Depreciation and write-downs630 | €43,378 | €119,755 | €172,887 | €294,373 | €295,054 | ▲ 0.2% |
| Operating cash flow (approximation) | €54,923 | -€6,458 | €167,810 | €438,360 | €15,581 | ▼ 96.4% |
| Investment in fixed assets (approximation) | - | -€209,538 | -€188,654 | -€478,891 | -€403,972 | ▲ 15.6% |
| Change in cash | - | -€48,716 | -€36,544 | €48,571 | -€22,843 | ▼ 147% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 1,277 companies in this sector we hold annual accounts for 678. 441 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
Parent KONRAD INVEST · 89.78%1 holding2 mergers and contributions
Directors
Directors
No directors read yet: 0 of 9 Gazette acts processed. See the function holders in the CBE →
Structure & network
Part of the group
KONRAD INVEST
30 companies
Group, risk and exposure
Owners and holdings
2 owners · 1 holdingChain of control
- KONRAD INVEST
- DE SYNDICUS
Highest known parent: KONRAD INVEST. The sources do not say who stands above it.
Owners 2
- KONRAD INVESTparent89.78%
-
10.22%
Holdings 1
-
12.5%
According to the 2024 annual accounts of DE SYNDICUS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 9 Gazette acts processed.
Acquisitions and mergers
2 transactionsTook over:BVM BEHEER
Took over:Syndicusassociatie
Timeline
13 eventsLatest 29-06-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€279,473
Net result drops to -€279,473, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €143,987
Net result €143,987 after 2 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €1mEq €1.0m ▲23%
3 profitable years in a row build equity to €1.0m.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 59 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 182 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Support & recognitions
1 funding sourceFlanders €54,514
Flemish government
€54,514
awarded · 2022 - 2025
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €54,514 awarded · €17,539 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | €0 | €0 |
| 2024 | 1 | €2,991 | €2,991 |
| 2023 | 2 | €51,194 | €14,219 |
| 2022 | 1 | €329 | €329 |
Company details
Private limited company · founded 08-05-2006Year ends 31-12Peppol reachable5 sites
Register details
Identification
Legal formPrivate limited company
Founded08-05-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
81100Combined facilities support activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0881168883
Also
9925:BE0881168883
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Hasselt · 5 establishment units since 2006
Ground area
1,570 m²
Building footprint
1,010 m²
Volume, LiDAR
8,812 m³
5 parcels, Flanders · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
5 establishment units
Sint-Truidersteenweg 206, 3500 Hasselt
since 2006unit no. 2.192.603.440
Eduard Robeynslaan 4, 3290 Diest
since 2011unit no. 2.199.796.781
Kolonel Begaultlaan 75, 3012 Leuven
since 2013unit no. 2.220.926.747
Geel
since 2023unit no. 2.340.997.505
Lier
since 2023unit no. 2.340.997.604
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13376G0570/00S012 | Flanders | 428 m² | 1 · 301 m² | 12.5 m · 2 fl. |
| 71325F0510/00A002 | Flanders | 420 m² | 1 · 229 m² | 16.3 m · 5 fl. |
| 24126D0254/00X002 | Flanders | 318 m² | 1 · 219 m² | 10.6 m · 3 fl. |
| 12021I0283/00B000 | Flanders | 238 m² | 1 · 137 m² | 16.5 m · 3 fl. |
| 24020B0013/00Z021 | Flanders | 166 m² | 1 · 124 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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