DR SYNDIC

Active

Private limited companyfounded 20206 yrs activeRue des Brasseurs 1, 4500 Huy, BelgiumKBO/BCE: BE 0740.869.271

Summary

DR SYNDIC has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €357,904 and a net result of €89,228. Equity is growing by ~44.1% per year across the filed fiscal years. Its solvency ranks better than 88% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysis Watch Report Compare

DR SYNDICActiveChecked score 90/100

Risk analysis Report Compare

Checked score

Score 2025

90 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability95▲+5

Solvency100=

Growth78=

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €30,000 at 30 days acceptable

Liquidity ample (current ratio 6.57 against 4.25 in 2024; short-term debt: 15.2% and cash: 88.4% of total assets), and 15.3% 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

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Real estate activities (NACE 68)

about 43% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

84.7%

Return on assets

21.1%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 6 filings

Deviation from the deadline

2025

46 d late

2024

9 d early

2023

26 d late

2022

24 d late

2021

9 d early

2020

19 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)

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 24 August (5 of the last 5 filed years within 33 days of that day).

Companies Code · seven months

Position in the running window

28-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 7 January 2020, DR SYNDIC was incorporated as a Private limited company.¹ Total assets went from EUR 13,827 in 2020 to EUR 422,721 in 2025 and headcount from 1.5 to 7 full-time equivalents.²

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

In the rankings #10 company by equity in Huy, Real estate sector

Equity

€357,904▲ 33.2%

2024 · €268,676

Total assets

€422,721▲ 20.4%

2024 · €351,109

Net result

€89,228▲ 50.7%

2024 · €59,196

Working capital

€356,754▲ 34.1%

2024 · €265,975

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result€63,859▲ 25,944%€73,031▲ 14.4%€127,882▲ 75.1%€76,197▼ 40.4%€122,039▲ 60.2%

Net result€50,530▲ 34,160%€56,993▲ 12.8%€96,810▲ 69.9%€59,196▼ 38.9%€89,228▲ 50.7%

Equity€55,677▲ 982%€112,670▲ 102%€209,480▲ 85.9%€268,676▲ 28.3%€357,904▲ 33.2%

Total assets€104,089▲ 653%€193,855▲ 86.2%€291,660▲ 50.5%€351,109▲ 20.4%€422,721▲ 20.4%

Debt€48,412▲ 458%€81,186▲ 67.7%€82,181▲ 1.2%€82,434▲ 0.3%€64,817▼ 21.4%

Working capital€50,489€107,199▲ 112%€205,771▲ 92.0%€265,975▲ 29.3%€356,754▲ 34.1%

Solvency53.5%▲ 16.3pp58.1%▲ 4.6pp71.8%▲ 13.7pp76.5%▲ 4.7pp84.7%▲ 8.1pp

Current ratio2.04▲ 1.102.32▲ 0.283.50▲ 1.184.25▲ 0.756.57▲ 2.31

Return on assets (ROA)48.5%▲ 47.5pp29.4%▼ 19.1pp33.2%▲ 3.8pp16.9%▼ 16.3pp21.1%▲ 4.2pp

Staff (FTE)2.5▲ 66.7%4.5▲ 80.0%6.4▲ 42.2%6.5▲ 1.6%7▲ 7.7%

above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 60% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €422,721

99.6%

Fixed assets €1,863 ▼ 45.2%

Current assets €420,858 ▲ 21.0%

Equity and liabilities €422,721

84.7%

15.3%

Equity €357,904 ▲ 33.2%

Debt €64,817 ▼ 21.4%

Debt's share of the balance-sheet total falls from 23.5% to 15.3%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€123,577▲

2024 · €78,901

Cash flow

€90,766▲

2024 · €61,901

Debt to equity

0.18▼

2024 · 0.31

ROE

24.9%▲

2024 · 22.0%

Interest coverage

90.72▲

2024 · 71.94

Debt ≤ 1 year

€64,104▼

2024 · €81,734

Income taxes

€32,645▲

2024 · €21,983

Staff costs

€307,452▲

2024 · €294,750

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

Micro
5 to 10 years old
solvency 30% or more
a profit of 5% of the balance sheet or more

1.5% went bankrupt

3.4% stopped otherwise

95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.7%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines

Balance sheet Code20242025

Assets

Total assets20/58€351,109€422,721▲

Formation expenses20€4-

Fixed assets21/28€3,396€1,863▼

Intangible fixed assets21€488€192▼

Tangible fixed assets22/27€2,908€1,671▼

Furniture and vehicles24€2,908€1,671▼

Current assets29/58€347,709€420,858▲

Amounts receivable within one year40/41€64,175€44,356▼

Trade receivables40€52,670€30,642▼

Other amounts receivable41€11,505€13,714▲

Current investments50/53€151,237-

Cash at bank and in hand54/58€131,710€373,653▲

Deferred charges and accrued income490/1€587€2,850▲

Equity and liabilities

Total equity and liabilities10/49€351,109€422,721▲

Equity10/15€268,676€357,904▲

Contributions10/11€5,000€5,000=

Profit (loss) carried forward14€263,676€352,904▲

Amounts payable17/49€82,434€64,817▼

Amounts payable within one year42/48€81,734€64,104▼

Trade debts44€16,233€25,116▲

Suppliers440/4€16,233€25,116▲

Taxes, remuneration and social security45€47,358€20,986▼

Taxes450/3€16,983€367▼

Remuneration and social security454/9€30,375€20,619▼

Other amounts payable47/48€18,143€18,001▼

Accrued charges and deferred income492/3€700€713▲

Income statement Code20242025

Remuneration, social security and pensions62€294,750€307,452▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,705€1,538▼

Other operating charges640/8€7,337€2,613▼

Gross operating margin9900€380,988€433,642▲

Operating profit (loss)9901€76,197€122,039▲

Financial income75/76B€6,079€1,196▼

Recurring financial income75€6,079€1,196▼

Financial charges65/66B€1,097€1,362▲

Recurring financial charges65€1,097€1,362▲

Profit (loss) for the period before taxes9903€81,179€121,873▲

Income taxes67/77€21,983€32,645▲

Profit (loss) for the period9904€59,196€89,228▲

Profit (loss) for the period to be appropriated9905€59,196€89,228▲

Appropriation of the result

Profit (loss) to be appropriated9906€263,676€352,904▲

Profit (loss) brought forward from the previous period14P€204,480€263,676▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Remuneration, social security and pensions62	€107,441	€179,836	€307,042	€294,750	€307,452	▲ 4.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€1,969	€2,983	€2,704	€2,705	€1,538	▼ 43.1%
Other operating charges640/8	€348	€392	€9,660	€7,337	€2,613	▼ 64.4%
Gross operating margin9900	€173,617	€256,242	€447,287	€380,988	€433,642	▲ 13.8%
Operating profit (loss)9901	€63,859	€73,031	€127,882	€76,197	€122,039	▲ 60.2%
Financial income75/76B	€3	€14	€16	€6,079	€1,196	▼ 80.3%
Recurring financial income75	€3	€14	€16	€6,079	€1,196	▼ 80.3%
Financial charges65/66B	€46	€470	€1,361	€1,097	€1,362	▲ 24.2%
Recurring financial charges65	€46	€470	€1,361	€1,097	€1,362	▲ 24.2%
Profit (loss) for the period before taxes9903	€63,816	€72,575	€126,536	€81,179	€121,873	▲ 50.1%
Income taxes67/77	€13,287	€15,582	€29,727	€21,983	€32,645	▲ 48.5%
Profit (loss) for the period9904	€50,530	€56,993	€96,810	€59,196	€89,228	▲ 50.7%
Profit (loss) for the period to be appropriated9905	€50,530	€56,993	€96,810	€59,196	€89,228	▲ 50.7%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€104,089	€193,855	€291,660	€351,109	€422,721	▲ 20.4%
Formation expenses20	€604	€404	€204	€4	-	-
Fixed assets21/28	€4,584	€5,066	€3,504	€3,396	€1,863	▼ 45.2%
Intangible fixed assets21	€2,002	€2,121	€1,304	€488	€192	▼ 60.7%
Tangible fixed assets22/27	€2,582	€2,945	€2,200	€2,908	€1,671	▼ 42.5%
Furniture and vehicles24	€2,582	€2,945	€2,200	€2,908	€1,671	▼ 42.5%
Current assets29/58	€98,901	€188,385	€287,952	€347,709	€420,858	▲ 21.0%
Amounts receivable within one year40/41	€64,752	€70,111	€39,332	€64,175	€44,356	▼ 30.9%
Trade receivables40	€63,696	€66,499	€33,030	€52,670	€30,642	▼ 41.8%
Other amounts receivable41	€1,056	€3,612	€6,302	€11,505	€13,714	▲ 19.2%
Current investments50/53	-	-	€100,000	€151,237	-	-
Cash at bank and in hand54/58	€33,598	€117,803	€148,030	€131,710	€373,653	▲ 184%
Deferred charges and accrued income490/1	€551	€471	€591	€587	€2,850	▲ 385%
Equity and liabilities
Total equity and liabilities10/49	€104,089	€193,855	€291,660	€351,109	€422,721	▲ 20.4%
Equity10/15	€55,677	€112,670	€209,480	€268,676	€357,904	▲ 33.2%
Contributions10/11	€5,000	€5,000	€5,000	€5,000	€5,000	=
Profit (loss) carried forward14	€50,677	€107,670	€204,480	€263,676	€352,904	▲ 33.8%
Amounts payable17/49	€48,412	€81,186	€82,181	€82,434	€64,817	▼ 21.4%
Amounts payable within one year42/48	€48,412	€81,186	€82,181	€81,734	€64,104	▼ 21.6%
Trade debts44	€17,984	€21,346	€9,762	€16,233	€25,116	▲ 54.7%
Suppliers440/4	€17,984	€21,346	€9,762	€16,233	€25,116	▲ 54.7%
Taxes, remuneration and social security45	€26,560	€55,522	€68,592	€47,358	€20,986	▼ 55.7%
Taxes450/3	€19,022	€33,900	€32,128	€16,983	€367	▼ 97.8%
Remuneration and social security454/9	€7,538	€21,622	€36,463	€30,375	€20,619	▼ 32.1%
Other amounts payable47/48	€3,868	€4,318	€3,827	€18,143	€18,001	▼ 0.8%
Accrued charges and deferred income492/3	-	-	-	€700	€713	▲ 1.9%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€50,530	€56,993	€96,810	€59,196	€89,228	▲ 50.7%
+ Depreciation and write-downs630	€1,969	€2,983	€2,704	€2,705	€1,538	▼ 43.1%
Operating cash flow (approximation)	€52,499	€59,976	€99,513	€61,901	€90,766	▲ 46.6%
Investment in fixed assets (approximation)	-	-€3,465	-€1,142	-€2,597	-€4	▲ 99.8%
Change in cash	-	€84,205	€30,227	-€16,320	€241,943	▲ 1,582%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 11Financial 4Gazette 1Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

15-09

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 46 days late

23-03

State Gazette act Appointments: EMERIA BENELUX, BE TYCOON REAL ESTATE & FINANCE and RUYSEN CONSULT

Permanent representatives: Guillaume PINTE, Raphaël DE PLAEN and Kim RUYSEN7 facts ▸

General meeting, 02/03/2025
Director appointment, EMERIA BENELUX (director)
Permanent representative, Guillaume PINTE
Director appointment, BE TYCOON REAL ESTATE & FINANCE (director)
Permanent representative, Raphaël DE PLAEN
Director appointment, RUYSEN CONSULT (director)
Permanent representative, Kim RUYSEN

2025

22-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

26-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 26 days late

2023

31-12

Financial Highest result since 2020net €96,810 ▲69.9%

Operating result €127,882, net result €96,810, both a record.

31-12

Financial Equity above €200,000Eq €209,480 ▲85.9%

4 profitable years in a row build equity to €209,480.

24-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 24 days late

2022

31-12

Financial Equity above €100,000Eq €112,670 ▲102%

3 profitable years in a row build equity to €112,670.

22-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Liquidity doublescurrent ratio 2.04

Current ratio from 0.95 to 2.04.

12-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 7 acts read

About the unread acts

Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

under verification, last change in 2026

This board is reconstructed from a single act (26040728). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Board 3

BE TYCOON REAL ESTATE & FINANCE

Director · since 23-03-2026 · Private limited company · perm. rep.: Raphaël DE PLAEN

Current

Emeria Benelux

Director · since 23-03-2026 · Public limited company · perm. rep.: Guillaume PINTE

Current

Ruysen Consult

Director · since 23-03-2026 · Private limited company · perm. rep.: Kim RUYSEN

Current

Permanent representatives 3

Guillaume PINTE

Permanent representative · since 23-03-2026 · for Emeria Benelux

Current

Kim RUYSEN

Permanent representative · since 23-03-2026 · for Ruysen Consult

Current

Raphaël DE PLAEN

Permanent representative · since 23-03-2026 · for BE TYCOON REAL ESTATE & FINANCE

Current

Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →

Not every act has been read: a resignation may be missing here

6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Huy · 1 establishment unit since 2020

seat establishment The establishment unit on the map

Ground area

84 m²

Building footprint

46 m²

Volume, LiDAR

529 m³

Parcel 61031C0197/00B000, Wallonia · tallest building 13.5 m, ±4 floors. Linked by address, not a title deed.

12 companies at this address See who is registered here

1 establishment unit

DR SYNDIC

Rue des Brasseurs 1, 4500 HuyRenting and operating of own or leased residential real estate, excluding social housing

since 20202.309.145.574

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
61031C0197/00B000 ProtectedSite or landscape	Wallonia	84 m²	1 · 46 m²	13.5 m · 4 fl.

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.

1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Mandate history

3 people since 2026, 3 in office

All 3 In office 3

Board

Mandates per person, with start and end dates
Name	Functions and periods
BE TYCOON REAL ESTATE & FINANCE	Director, from 23-03-2026 to date
Emeria Benelux	Director, from 23-03-2026 to date
Ruysen Consult	Director, from 23-03-2026 to date

See the board, name and seat on a given date →

Structure & network

Owners and holdings

1 owner

Owners 1

HUYIMMO

Sourceaccounts HUYIMMO 2023

10%

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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

9 connected companies

Depth

Shared directors

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Linked via shared directors

DR Gestion

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EASY SYNDIC

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Shared corporate director

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Identification & contact

Identification

Legal formPrivate limited company

Founded07-01-2020

Fiscal year end31-12

Activities, NACEBEL 2025

68203Renting and operating of own or leased non-residential real estate, excluding land

68321Property management for co-owned buildings (syndics)

68201Renting and operating of own or leased residential real estate, excluding social housing

68202Real estate activities

Contact

E-mail syndic@trevirasquain.be

Phone 085253903

E-invoicing

Reachable via Peppol

Peppol ID 0208:0740869271

Registered 16-04-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.