SY Construct
ActiveSummary
SY Construct has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €296,655 and a net result of €102,593. Equity is growing by about 58% per year across the filed financial years. Its solvency ranks better than 95% of 17,046 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €296,655
- Profit
- €102,593
Why 99raises riskFounded in 2023lowers riskLiquidity: current ratio 63.56, cash €250,929Sector: Real estate activities (NACE 68)Equity €296,655 (98.5% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 68, micro): better than 91% on solvency, 98% on liquidity, 95% on profitability and 86% on growth.
The bankruptcy probability was computed on 27-10-2026 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
This company filed its last 3 accounts on average 9 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Liquidity more than 7 timescurrent ratio 63.56
- Equity above €200,000equity €296,655 ▲52.9%
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result falls in 2025; 2025 is 16% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 0.9% |
| 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 74.5% 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 39,278 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,344 | €2,081 | €6,296 | ▲ 202% |
| Other operating charges640/8 | €465 | €1,058 | €635 | ▼ 40.0% |
| Non-recurring operating charges66A | - | €8,356 | €0 | ▼ 100% |
| Gross operating margin9900 | €100,237 | €182,893 | €151,569 | ▼ 17.1% |
| Operating profit (loss)9901 | €98,427 | €171,397 | €144,638 | ▼ 15.6% |
| Financial income75/76B | - | €24 | €800 | ▲ 33× |
| Recurring financial income75 | - | €24 | €800 | ▲ 33× |
| Financial charges65/66B | €50 | €1,255 | €251 | ▼ 80.0% |
| Recurring financial charges65 | €50 | €1,255 | €251 | ▼ 80.0% |
| Profit (loss) for the period before taxes9903 | €98,377 | €170,166 | €145,187 | ▼ 14.7% |
| Income taxes67/77 | €26,957 | €49,525 | €42,594 | ▼ 14.0% |
| Profit (loss) for the period9904 | €71,421 | €120,641 | €102,593 | ▼ 15.0% |
| Profit (loss) for the period to be appropriated9905 | €71,421 | €120,641 | €102,593 | ▼ 15.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €87,776 | €217,075 | €301,027 | ▲ 38.7% |
| Fixed assets21/28 | €14,656 | €29,398 | €23,102 | ▼ 21.4% |
| Tangible fixed assets22/27 | €14,656 | €29,398 | €23,102 | ▼ 21.4% |
| Furniture and vehicles24 | €14,656 | €29,398 | €23,102 | ▼ 21.4% |
| Current assets29/58 | €73,120 | €187,677 | €277,925 | ▲ 48.1% |
| Amounts receivable within one year40/41 | €8,043 | €44,882 | €26,996 | ▼ 39.9% |
| Trade receivables40 | - | €30,013 | €13,590 | ▼ 54.7% |
| Other amounts receivable41 | €8,043 | €14,870 | €13,406 | ▼ 9.8% |
| Cash at bank and in hand54/58 | €65,077 | €142,795 | €250,929 | ▲ 75.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €87,776 | €217,075 | €301,027 | ▲ 38.7% |
| Equity10/15 | €73,421 | €194,061 | €296,655 | ▲ 52.9% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €71,421 | €192,061 | €294,655 | ▲ 53.4% |
| Distributable reserves133 | €71,421 | €192,061 | €294,655 | ▲ 53.4% |
| Amounts payable17/49 | €14,355 | €23,014 | €4,372 | ▼ 81.0% |
| Amounts payable within one year42/48 | €14,355 | €21,614 | €4,372 | ▼ 79.8% |
| Trade debts44 | €145 | €2,078 | €253 | ▼ 87.8% |
| Suppliers440/4 | €145 | €2,078 | €253 | ▼ 87.8% |
| Advances received on contracts in progress46 | - | €18,211 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €11,972 | €0 | €1,672 | - |
| Taxes450/3 | €11,972 | €0 | €1,672 | - |
| Other amounts payable47/48 | €2,239 | €1,326 | €2,448 | ▲ 84.7% |
| Accrued charges and deferred income492/3 | - | €1,400 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €71,421 | €120,641 | €102,593 | ▼ 15.0% |
| + Depreciation and write-downs630 | €1,344 | €2,081 | €6,296 | ▲ 202% |
| Operating cash flow (approximation) | €72,765 | €122,722 | €108,889 | ▼ 11.3% |
| Investment in fixed assets (approximation) | - | -€16,824 | €0 | - |
| Change in cash | - | €77,718 | €108,134 | ▲ 39.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00353093 |
| 31-12-2024 | micro format | 24-07-2025 | 2025-00301408 |
| 31-12-2023 | micro format | 11-07-2024 | 2024-00233676 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| VERLINDEN Franciscus |
|
Owners and capital
Capital and shareholders
- VERLINDEN Franciscus 100 shares (100%) · €2,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 10-08-2023 Incorporation · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
10-08
Gazette deed
IncorporationAppointment: VERLINDEN Franciscus (director) · Founder · Founding capital6 facts ▸
- Incorporation, 07-08-2023
- Founder, VERLINDEN Franciscus
- Founding capital
- Other provision, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director appointment, VERLINDEN Franciscus (director)
- Pre-incorporation commitments, “takeover, verbintenissen aangegaan door comparant voor rekening en ten name van vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0804.648.751
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12001B0058/00X002 | Flanders | 798 m² | 1 · 163 m² | 8.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “1. Projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken,toezien op de bouwwerkzaamheden…” (deed in Dutch)
26 activities (deed in Dutch)
- 1. Projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken,toezien op de bouwwerkzaamheden (ruwbouw,installatie,afwerking,enzovoort)
- 2. Alle werkzaamheden van burgerlijke en openbare bouwkunde,in het bijzonder graafwerken en grondwerken,waterbouw en wegenwerken,metsel- en betonwerken,dakwerken,invoegen en reinigen van gevels,schrijnwerk (binnen en buiten),vloeren en betegelen van muren,ramen en deuren,chapes,plafonneren en pleisterwerken,elektriciteit en verwarming,klimaatregeling en ventilatie,sanitaire installaties
- 3. De installatie van tussenwanden,bekleding van wanden,plafonds,enzovoort,de installatie van garagepoorten,luiken,traliewerk,hekken,enzovoort,de installatie van deuren
- 4. Laswerken
- 5. Schilderwerken
- 6. Het oprichten/optrekken van allerlei gebouwen in de ruimste zin van het woord
- 7. Het aanleggen van speelpleinen,sportvelden,parken en tuinen
- 8. Het plaatsen van afsluitingen,opritten,terrassen en stellingen
- 9. Binneninrichting van bedrijfsgebouwen,woningen en appartementen
- 10. De aan- en verkoop van alle materieel en voorwerpen die voorgaand voorwerp dienstig kunnen zijn,evenals het huren en verhuren ervan
- 11. Alle mogelijke advies- en/of dienstenfuncties
- 12. Alle mogelijke activiteiten die verband houden met het verlenen van consultancy,opleiding,technische expertise en bijstand
- 13. Het uitoefenen van managementfuncties in diverse ondernemingen,het sluiten van consultingsovereenkomsten en het uitoefenen van consultingsfuncties op onafhankelijke wijze
- 14. Het verstrekken van managementadviezen,opleiding en het uitoefenen van consultancy-activiteiten in de meest ruime zin van het woord
- 15. Het uitvoeren van administratieve werkzaamheden in de ruime zin van het woord
- 16. Het geven van advies en verstekken van diensten met betrekking tot de organisatie en het beheer van bedrijven en ondernemingen,de vertegenwoordiging en het optreden als commercieel tussenpersoon
- 17. Het verlenen van bijstand,advies en leiding aan bedrijven,privépersonen en instellingen,voornamelijk doch niet uitsluitend op het vlak van management,procesverbetering,marketing,productie en ontwikkeling,processing en het besturen van vennootschappen,dit alles in de meest ruime betekenis
- 18. Het beheer voor eigen rekening van al haar onroerende goederen of onroerende rechten,en meer bepaald de verhuur,de bevordering,de inrichting,de exploitatie,de omvorming,het onderhoud,de verkaveling,en/of de valorisatie van deze onroerende goederen of onroerende rechten. Ze mag eveneens een hypotheek vestigen op deze goederen. Ze mag in het algemeen elke handeling stellen die rechtstreeks of onrechtstreeks kadert in de omschrijving van dit voorwerp
- 19. Projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken,toezien op de bouwwerkzaamheden (ruwbouw,installatie,afwerking,enzovoort)
- 20. Het huren,verhuren,aan- en verkopen van onroerende goederen,het renoveren van onroerende goederen,het opbouwen van een onroerend patrimonium met inbegrip van onroerende zakelijke rechten
- 21. Het verlenen van diensten en adviezen aan derden,dit zowel van organisatorische,financiële,commerciële,technische en administratieve aard
- 22. Het uitoefenen van elke vorm van zakelijke dienstverlening en dit in de meest ruime zin van het woord
- 23. Het deelnemen in of de directie voeren over andere vennootschappen en ondernemingen;het management en het bestuur van om het even welke vennootschappen en ondernemingen
- 24. Het nemen van participaties onder welke vorm dan ook,in alle vennootschappen en verenigingen,bestaande of nog op te richten,met industriële,financiële,onroerende,commerciële of andere doeleinden;het beheer en de valorisatie van deze participaties
- 25. De aankoop,verkoop,cessie en ruil van alle roerende waarden,aandelen,deelbewijzen,obligaties,overheidsfondsen,opties en alle andere roerende rechten
- 26. Bestuurder,zaakvoerder of andere mandaten of functies in vennootschappen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SY Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, 2580 Putte (Beerzel),Bogaardenstraat 27” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, 1” (deed in Dutch)“Niet bezoldigd tenzij algemene vergadering anders beslist, algemene vergadering of enige aandeelhouder” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Thursday of June at 15:00