SYCODA
ActiveSummary
The computed 12-month bankruptcy probability of SYCODA is 2.0% (moderate). The 2025 annual accounts show equity of €414,296 and a net result of €68,554. Equity is growing by ~23.5% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-10
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.05 in 2024; short-term debt: 12.8% and cash: 0.7% of total assets), and 12.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.2%
Return on assets
14.4%
Age of the figures
9 mo
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 29-04-2026, 93 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
93 d early
2024
125 d early
2023
8 d early
2022
18 d early
2021
69 d early
2020
144 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 66 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 23 May (4 of the last 5 filed years within 56 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€68,554▼ 22.2%
2024 · €88,108
Working capital
-€56,906▲ 13.1%
2024 · -€65,460
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€452▼ 10.9%-€3,691▼ 717%€358-€1,467-€1,391▲ 5.2%
Net result-€4,731-€6,313▼ 33.4%€149,398€88,108▼ 41.0%€68,554▼ 22.2%
Equity€204,549▼ 2.3%€198,236▼ 3.1%€347,634▲ 75.4%€405,742▲ 16.7%€414,296▲ 2.1%
Total assets€471,202=€471,666▲ 0.1%€473,584▲ 0.4%€474,730▲ 0.2%€475,199▲ 0.1%
Debt€266,653▲ 1.8%€273,431▲ 2.5%€125,950▼ 53.9%€68,988▼ 45.2%€60,903▼ 11.7%
Working capital-€242,047-€123,568▲ 48.9%-€65,460▲ 47.0%-€56,906▲ 13.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,391 in 2025 against €1,467 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €475,199
Fixed assets
€471,202 =
Current assets
€3,997 ▲ 13.3%
Equity and liabilities €475,199
Equity
€414,296 ▲ 2.1%
Debt
€60,903 ▼ 11.7%
Debt's share of the balance-sheet total falls from 14.5% to 12.8%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.07▲
2024 · 0.05
Debt to equity
0.15▼
2024 · 0.17
ROE
16.5%▼
2024 · 21.7%
ROA
14.4%▼
2024 · 18.6%
Debt ≤ 1 year
€60,903▼
2024 · €68,988
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,103 | - | - | - |
| Gross operating margin9900 | -€452 | -€3,691 | €358 | -€1,467 | -€1,391 | ▲ 5.2% |
| Operating profit (loss)9901 | -€452 | -€3,691 | €358 | -€1,467 | -€1,391 | ▲ 5.2% |
| Financial income75/76B | - | - | €150,000 | €90,000 | €70,000 | ▼ 22.2% |
| Recurring financial income75 | - | - | €150,000 | €90,000 | €70,000 | ▼ 22.2% |
| Non-recurring financial income76B | - | - | €0 | - | - | - |
| Financial charges65/66B | €4,279 | €2,622 | €960 | €425 | €56 | ▼ 86.9% |
| Recurring financial charges65 | €4,279 | €2,622 | €960 | €425 | €56 | ▼ 86.9% |
| Profit (loss) for the period before taxes9903 | -€4,731 | -€6,313 | €149,398 | €88,108 | €68,554 | ▼ 22.2% |
| Profit (loss) for the period9904 | -€4,731 | -€6,313 | €149,398 | €88,108 | €68,554 | ▼ 22.2% |
| Profit (loss) for the period to be appropriated9905 | -€4,731 | -€6,313 | €149,398 | €88,108 | €68,554 | ▼ 22.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €471,202 | €471,666 | €473,584 | €474,730 | €475,199 | ▲ 0.1% |
| Fixed assets21/28 | €471,202 | €471,202 | €471,202 | €471,202 | €471,202 | = |
| Financial fixed assets28 | €471,202 | €471,202 | €471,202 | €471,202 | €471,202 | = |
| Current assets29/58 | - | €465 | €2,383 | €3,528 | €3,997 | ▲ 13.3% |
| Amounts receivable within one year40/41 | - | - | - | - | €612 | - |
| Other amounts receivable41 | - | - | - | - | €612 | - |
| Cash at bank and in hand54/58 | - | €465 | €2,383 | €3,528 | €3,385 | ▼ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €471,202 | €471,666 | €473,584 | €474,730 | €475,199 | ▲ 0.1% |
| Equity10/15 | €204,549 | €198,236 | €347,634 | €405,742 | €414,296 | ▲ 2.1% |
| Contributions10/11 | €36,000 | €36,000 | €36,000 | €36,000 | €36,000 | = |
| Reserves13 | €3,600 | €3,600 | €3,600 | €3,600 | €3,600 | = |
| Non-distributable reserves130/1 | €3,600 | €3,600 | €3,600 | €3,600 | €3,600 | = |
| Reserves not available under the articles1311 | €3,600 | €3,600 | €3,600 | €3,600 | €3,600 | = |
| Profit (loss) carried forward14 | €164,949 | €158,636 | €308,034 | €366,142 | €374,696 | ▲ 2.3% |
| Amounts payable17/49 | €266,653 | €273,431 | €125,950 | €68,988 | €60,903 | ▼ 11.7% |
| Amounts payable after more than one year17 | €61,373 | €30,919 | - | - | - | - |
| Financial debts170/4 | €61,373 | €30,919 | - | - | - | - |
| Amounts payable within one year42/48 | €205,280 | €242,512 | €125,950 | €68,988 | €60,903 | ▼ 11.7% |
| Current portion of amounts payable after more than one year42 | €29,994 | €30,454 | €30,919 | - | - | - |
| Financial debts43 | €89,606 | - | - | - | - | - |
| Credit institutions430/8 | €89,606 | - | - | - | - | - |
| Trade debts44 | €238 | €1,569 | €852 | €995 | €903 | ▼ 9.2% |
| Suppliers440/4 | €238 | €1,569 | €852 | €995 | €903 | ▼ 9.2% |
| Taxes, remuneration and social security45 | - | - | - | €4,500 | €9,000 | ▲ 100% |
| Taxes450/3 | - | - | - | €4,500 | €9,000 | ▲ 100% |
| Other amounts payable47/48 | €85,442 | €210,489 | €94,179 | €63,494 | €51,000 | ▼ 19.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,731 | -€6,313 | €149,398 | €88,108 | €68,554 | ▼ 22.2% |
| Operating cash flow (approximation) | -€4,731 | -€6,313 | €149,398 | €88,108 | €68,554 | ▼ 22.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | €1,918 | €1,146 | -€143 | ▼ 112% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €149,398
Net result €149,398 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €347,634 ▲75.4%
Equity rises from €198,236 to €347,634.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€6,313
Net result drops to -€6,313, the lowest in the series; recovery starts the following year.
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €200,000Eq €209,280 ▲75.4%
2 profitable years in a row build equity to €209,280.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2018
Ground area
169 m²
Building footprint
46 m²
Volume, LiDAR
235 m³
Parcel 57081E0449/00H000, Wallonia · tallest building 11.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SYCODA
since 20182.282.866.591
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57081E0449/00H000indicative | Wallonia | 169 m² | 1 · 46 m² | 11.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded13-12-2018
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.