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SYDES

Active
Public limited companyfounded 199036 yrs activeBodegemstraat 147, 1700 Dilbeek, BelgiumKBO/BCE: BE 0440.718.609
Summary

SYDES has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €960,406 and a net result of €21,178. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 46% of 19955 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
SYDESActiveChecked score 84/100
Risk analysis ReportCompare

Overview

Activity
Computer programming
NACE 62100NACE 62010NACE 72220
#2 oldest company in Dilbeek, Telecoms and IT sector1 site
Size
€1.7mtotal assets 2025
Equity
€960,406
Profit
€21,178
Turnover not published (abridged schema)
Financial health
84 Excellent Checked score 2025
Bankruptcy chance 12 m
0.3%
Structure
Accounts filed 30 d late0 of 2 deeds read
Why 84- Liquidity: current ratio 2.27, cash €874- Latest accounts 31 days late; 1 of the last 3 late+ Founded in 1990+ Size: total assets €1.7mShow the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Better than 31% of its sector peers (NACE 62, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 81-3
equity 56.1% of total assets
Liquidity 29-2
short-term debt 43.9% · cash 0.1%
Profitability 41+4
return on assets 1.2%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,559 companies)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%▲ +2.1% vs 11-2024 01-2025: 0.1%▲ +59.2% vs 12-2024 02-2025: 0.2%▲ +96.2% vs 01-2025 03-2025: 0.2%● 0.0% vs 02-2025 04-2025: 0.2%● 0.0% vs 03-2025 05-2025: 0.2%● 0.0% vs 04-2025 06-2025: 0.2%● 0.0% vs 05-2025 07-2025: 0.2%● 0.0% vs 06-2025 08-2025: 0.2%● 0.0% vs 07-2025 09-2025: 0.2%▲ +0.7% vs 08-2025 10-2025: 0.2%▲ +7.1% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%▲ +15.2% vs 11-2025 01-2026: 0.3%▲ +38.4% vs 12-2025 02-2026: 0.5%▲ +72.6% vs 01-2026 03-2026: 0.6%▲ +28.0% vs 02-2026highest value 04-2026: 0.3%▼ -49.1% vs 03-2026 05-2026: 0.3%● 0.0% vs 04-2026 06-2026: 0.3%● 0.0% vs 05-2026 07-2026: 0.3%● 0.0% vs 06-2026 08-2026: 0.3%● 0.0% vs 07-2026 09-2026: 0.3%▲ +0.7% vs 08-2026 10-2026: 0.3%▼ -2.7% vs 09-2026
  • Liquidity: current ratio 2.27, cash €874 raises the probability
  • Latest accounts 31 days late; 1 of the last 3 late raises the probability
  • Founded in 1990 lowers the probability for this profile
  • Size: total assets €1.7m lowers the probability for this profile
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 2.27 against 2.43 in 2024; short-term debt: 43.9% and cash: 0.1% of total assets), and 43.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, micro). Better than this share of them on solvency 48%, liquidity 11%, profitability 19%, growth against the median 47%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 2.27, cash €874
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Latest accounts 31 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 1990
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: total assets €1.7m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-03-2026, 30 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 · 10 filings
Deviation from the deadline
2025
30 d late
2024
2 d early
2023
6 d late
2022
20 d late
2021
on the day
2020
3 d early
2019
17 d early
← 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 5 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 6 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close03-10-2026 today31-01-2027 deadline
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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Back to profitnet €21,178
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Positive: Among the best 5% on equitysector median €69,692 · 19,961 companies €960,406 View
  • Active since 1990founded 18-06-1990 36 years View
  • Total assets 20256 fiscal years filed €1.7m View

By topic

Financials

Fiscal year
2025
Total assets
€1.7m
Profit
€21,178
Solvency
56.1%
Total assets▲ 7.5%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-01-2027
  1. 02-03-2026Annual accounts filed
  2. 30-06-2025Back to profit
  3. 29-01-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Computer programmingNACE 62100
Founded
18-06-1990
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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