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SYCOS

Active
Private limited companyfounded 20206 yrs activeRoodebeeklaan 44, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0754.861.522
Summary

The computed 12-month bankruptcy probability of SYCOS is 3.4% (moderate). The 2024 annual accounts show equity of €32,309 and a net result of €21,101. Equity is growing by ~102.2% per year across the filed fiscal years. Its solvency ranks better than 92% of 759 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 6.27 against 5.66 in 2023; short-term debt: 15.9% and cash: 98.3% of total assets), and 15.9% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-06-2025, 33 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
33 d early
2023
19 d late
2022
16 d late
2021
17 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (1)
neutral · 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 24 September 2020, SYCOS was incorporated as a Private limited company.1 Total assets went from EUR 5,297 in 2021 to EUR 38,440 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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

Financials · fiscal year 2024, full schema

Turnover
€5,940▼ 88.0%
2021 · €49,449
EBIT margin
39.0%▲ 36.4pp
2021 · 2.6%
Net result
€21,101▲ 274%
2023 · €5,642
Working capital
€32,309▲ 188%
2023 · €11,208
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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
Line2021202220232024
Turnover€49,449-€5,940▼ 88.0%
Operating result€1,282-€2,314▲ 80.4%€7,677▲ 232%€27,146▲ 254%
Net result€866below the sector's middle half-€1,700below the sector's middle half▲ 96.4%€5,642below the sector's middle half▲ 232%€21,101within the sector's middle half▲ 274%
EBIT margin2.6%-39.0%▲ 36.4pp
Equity€3,866below the sector's middle half-€5,566below the sector's middle half▲ 44.0%€11,208below the sector's middle half▲ 101%€32,309below the sector's middle half▲ 188%
Total assets€5,297below the sector's middle half-€6,894below the sector's middle half▲ 30.2%€13,613below the sector's middle half▲ 97.5%€38,440below the sector's middle half▲ 182%
Debt€1,431-€1,328▼ 7.2%€2,405▲ 81.1%€6,131▲ 155%
Working capital€3,866-€5,566▲ 44.0%€11,208▲ 101%€32,309▲ 188%
Solvency73.0%above the sector's middle half-80.7%above the sector's middle half▲ 7.8pp82.3%above the sector's middle half▲ 1.6pp84.1%above the sector's middle half▲ 1.7pp
Staff (FTE)520above the sector's middle half-0below the sector's middle half
above within below the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2021: €1,282€1,282Net result 2021: €866€866Operating result 2022: €2,314€2,314Net result 2022: €1,700€1,700Operating result 2023: €7,677€7,677Net result 2023: €5,642€5,642Operating result 2024: €27,146€27,146Net result 2024: €21,101€21,1012021202220232024€0€10,000€20,000€30,000Operating result 2022: €2,314€2,310Net result 2022: €1,700€1,700Operating result 2023: €7,677€7,680Net result 2023: €5,642€5,640Operating result 2024: €27,146€27,100Net result 2024: €21,101€21,100202220232024
The operating result has risen three years in a row; 2024 is 254% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €38,440
Equity €32,309 ▲ 188%
Debt €6,131 ▲ 155%
Debt's share of the balance-sheet total falls from 17.7% to 15.9%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
6.27▲
2023 · 5.66
Debt to equity
0.19▼
2023 · 0.21
ROE
65.3%▲
2023 · 50.3%
ROA
54.9%▲
2023 · 41.4%
Debt ≤ 1 year
€6,131▲
2023 · €2,405
Income taxes
€5,882▲
2023 · €1,881
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,964 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 higher bankruptcy probability: 3.4% 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 497,058 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% 1.6%
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 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 26,964 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 29 lines
Balance sheet Code20232024
Assets
Total assets20/58€13,613€38,440▲
Current assets29/58€13,613€38,440▲
Amounts receivable within one year40/41€513€667▲
Trade receivables40-€281
Other amounts receivable41€513€386▼
Cash at bank and in hand54/58€13,100€37,773▲
Equity and liabilities
Total equity and liabilities10/49€13,613€38,440▲
Equity10/15€11,208€32,309▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€8,208€29,309▲
Amounts payable17/49€2,405€6,131▲
Amounts payable within one year42/48€2,405€6,131▲
Trade debts44€348€0▼
Suppliers440/4€348€0▼
Taxes, remuneration and social security45€1,881€5,882▲
Taxes450/3€1,881€5,882▲
Other amounts payable47/48€176€249▲
Income statement Code20232024
Other operating charges640/8€732€387▼
Gross operating margin9900€8,409€27,533▲
Operating profit (loss)9901€7,677€27,146▲
Financial charges65/66B€154€163▲
Recurring financial charges65€154€163▲
Profit (loss) for the period before taxes9903€7,523€26,983▲
Income taxes67/77€1,881€5,882▲
Profit (loss) for the period9904€5,642€21,101▲
Profit (loss) for the period to be appropriated9905€5,642€21,101▲
Appropriation of the result
Profit (loss) to be appropriated9906€8,208€29,309▲
Profit (loss) brought forward from the previous period14P€2,566€8,208▲
Social balance
Average headcount (FTE)9087-0.0

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Turnover70€49,449€5,940---
Goods, raw materials, services and sundry goods60/61€29,022€3,676---
Remuneration, social security and pensions62€12,920----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,340----
Other operating charges640/8€6,085-€732€387▼ 47.1%
Gross operating margin9900€21,627€2,314€8,409€27,533▲ 227%
Operating profit (loss)9901€1,282€2,314€7,677€27,146▲ 254%
Financial income75/76B€0----
Recurring financial income75€0----
Financial charges65/66B€65€141€154€163▲ 6.1%
Recurring financial charges65€65€141€154€163▲ 6.1%
Profit (loss) for the period before taxes9903€1,218€2,172€7,523€26,983▲ 259%
Income taxes67/77€352€472€1,881€5,882▲ 213%
Profit (loss) for the period9904€866€1,700€5,642€21,101▲ 274%
Profit (loss) for the period to be appropriated9905€866€1,700€5,642€21,101▲ 274%
Line2021202220232024Change
Assets
Total assets20/58€5,297€6,894€13,613€38,440▲ 182%
Current assets29/58€5,297€6,894€13,613€38,440▲ 182%
Amounts receivable within one year40/41-€616€513€667▲ 29.9%
Trade receivables40---€281-
Other amounts receivable41-€616€513€386▼ 24.8%
Cash at bank and in hand54/58€5,113€6,095€13,100€37,773▲ 188%
Deferred charges and accrued income490/1€183€183---
Equity and liabilities
Total equity and liabilities10/49€5,297€6,894€13,613€38,440▲ 182%
Equity10/15€3,866€5,566€11,208€32,309▲ 188%
Contributions10/11€3,000€3,000€3,000€3,000=
Profit (loss) carried forward14€866€2,566€8,208€29,309▲ 257%
Amounts payable17/49€1,431€1,328€2,405€6,131▲ 155%
Amounts payable within one year42/48€1,431€1,328€2,405€6,131▲ 155%
Trade debts44€289€328€348€0▼ 100%
Suppliers440/4€289€328€348€0▼ 100%
Taxes, remuneration and social security45€933€824€1,881€5,882▲ 213%
Taxes450/3€933€824€1,881€5,882▲ 213%
Other amounts payable47/48€209€176€176€249▲ 41.2%
Line2021202220232024Change
Profit (loss) for the period9904€866€1,700€5,642€21,101▲ 274%
+ Depreciation and write-downs630€1,340----
Operating cash flow (approximation)€2,206€1,700€5,642€21,101▲ 274%
Change in cash-€982€7,005€24,673▲ 252%

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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Timeline · acts, filings and financial milestones

2025
28-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2021net €21,101 ▲274%
Operating result €27,146, net result €21,101, both a record.
19-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 19 days late
2023
16-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 16 days late
2022
17-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Schaarbeek · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
1,194 m²
Building footprint
133 m²
Volume, LiDAR
2,592 m³
Parcel 21905C0149/00B013, Brussels · tallest building 23.8 m, ±6 floors. Linked by address, not a title deed.
8 companies at this address See who is registered here
1 establishment unit
Roodebeeklaan 44, 1030 Schaarbeek
General construction of residential buildings
since 20252.385.353.922
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21905C0149/00B013 Brussels 1,194 m² 1 · 133 m² 23.8 m · 6 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.

Similar companies · same sector, comparable size

Of 362 companies in sector 25210 we hold annual accounts for 282. 93 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded24-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
25210Manufacture of fabricated metal products, except machinery and equipment
41003General construction of other non-residential buildings
43240Other construction installation
43350Other building finishing work
43422Screed work
Contact
E-mail info@formaecolore.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0754861522
Also 9925:BE0754861522
Registered 24-11-2023

Register as of 27 September 2026 · Peppol Directory

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