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SYDES

Active
Public limited companyfounded 201213 yrs activeChaussée de Louvain 498, 1380 Lasne, BelgiumKBO/BCE: BE 0508.738.175
Summary

SYDES has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.2m and a net result of €1.1m. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability36▲+9
Solvency90▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €370,000 at 30 days acceptable
Liquidity ample (current ratio 3.9; short-term debt: 5% and cash: 0.9% of total assets), and 35.1% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · 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
64.9%
Return on assets
14%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 13 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €5.2m
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
2 d early
2023
9 d late
2022
13 d late
2021
62 d early
2020
3 d late
2019
77 d late
← 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 9 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 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

History

On 27 December 2012, SYDES was incorporated.1 Total assets went from EUR 9.5 million in 2018 to EUR 8.1 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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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
€1.1m▲ 151%
2024 · €449,661
Working capital
€1.2m▼ 51.4%
2023 · €2.4m
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-€48,473▼ 43.6%-€49,163▼ 1.4%€48,694-€39,799-€68,118▼ 71.2%
Net result-€203,613▲ 95.0%-€763,461▼ 275%€956,442€449,661▼ 53.0%€1.1m▲ 151%
Equity€3.5m▼ 5.5%€2.7m▼ 22.0%€3.7m▲ 35.3%€4.1m▲ 12.3%€5.2m▲ 27.4%
Total assets€5.9m▼ 3.2%€5.2m▼ 12.9%€6.2m▲ 20.1%€6.5m▲ 5.3%€8.1m▲ 23.8%
Debt€2.5m▲ 0.2%€2.5m▼ 0.1%€2.5m▲ 3.3%€2.4m▼ 4.7%€2.8m▲ 17.7%
Working capital€2.5m▼ 1.6%€2.4m▼ 3.0%€2.4m▲ 0.1%€1.2m
Result per fiscal year
Operating resultNet result
-€1.0m-€500,000€0€500,000€1.0mOperating result 2021: -€48,473-€48,473Net result 2021: -€203,613-€203,613Operating result 2022: -€49,163-€49,163Net result 2022: -€763,461-€763,461Operating result 2023: €48,694€48,694Net result 2023: €956,442€956,442Operating result 2024: -€39,799-€39,799Net result 2024: €449,661€449,661Operating result 2025: -€68,118-€68,118Net result 2025: €1.1m€1.1m20212022202320242025-€500,000€0€500,000€1mOperating result 2023: €48,694€48,700Net result 2023: €956,442€956,000Operating result 2024: -€39,799-€39,800Net result 2024: €449,661€450,000Operating result 2025: -€68,118-€68,100Net result 2025: €1.1m€1.1m202320242025
The operating result stays negative: a loss of €68,118 in 2025 against €39,799 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.1m
Fixed assets €6.5m ▲ 55.3%
Current assets €1.6m ▼ 32.6%
Equity and liabilities €8.1m
Equity €5.2m ▲ 27.4%
Debt €2.8m ▲ 17.7%
Debt's share of the balance-sheet total falls from 37.0% to 35.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€38,981▼
2024 · -€17,678
Cash flow
€1.2m▲
2024 · €471,781
Current ratio
3.90
Debt to equity
0.54▼
2024 · 0.59
ROE
21.5%▲
2024 · 10.9%
ROA
14.0%▲
2024 · 6.9%
Interest coverage
-0.26▼
2024 · -0.21
Debt ≤ 1 year
€404,740
Debt > 1 year
€2.4m=
2024 · €2.4m
Income taxes
€524▲
2024 · €430
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€6.5m€8.1m▲
Fixed assets21/28€4.2m€6.5m▲
Tangible fixed assets22/27€167,792€140,115▼
Furniture and vehicles24€167,792€140,115▼
Financial fixed assets28€4.0m€6.4m▲
Current assets29/58€2.3m€1.6m▼
Amounts receivable within one year40/41€54,813€9,079▼
Trade receivables40€26,380€1,778▼
Other amounts receivable41€28,432€7,301▼
Current investments50/53€2.1m€1.5m▼
Cash at bank and in hand54/58€206,806€76,706▼
Deferred charges and accrued income490/1€1,588€164▼
Equity and liabilities
Total equity and liabilities10/49€6.5m€8.1m▲
Equity10/15€4.1m€5.2m▲
Contributions10/11€7.5m€7.5m=
Capital10€7.5m€7.5m=
Issued capital100€7.5m€7.5m=
Reserves13€1.5m€1.5m=
Non-distributable reserves130/1€78,883€54,183▼
Legal reserve130€78,883€54,183▼
Distributable reserves133€1.4m€1.5m▲
Profit (loss) carried forward14-€4.9m-€3.8m▲
Amounts payable17/49€2.4m€2.8m▲
Amounts payable after more than one year17€2.4m€2.4m=
Financial debts170/4€2.4m€2.4m=
Amounts payable within one year42/48-€404,740
Financial debts43-€403,181
Credit institutions430/8-€403,181
Trade debts44-€1,559
Suppliers440/4-€1,559
Accrued charges and deferred income492/3€15,296€38,318▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,121€29,137▲
Other operating charges640/8€7,022€9,569▲
Gross operating margin9900-€10,656-€29,412▼
Operating profit (loss)9901-€39,799-€68,118▼
Financial income75/76B€573,192€1.3m▲
Recurring financial income75€116,692€52,456▼
Non-recurring financial income76B€456,500€1.3m▲
Financial charges65/66B€83,304€149,520▲
Recurring financial charges65€83,304€149,520▲
Profit (loss) for the period before taxes9903€450,090€1.1m▲
Income taxes67/77€430€524▲
Profit (loss) for the period9904€449,661€1.1m▲
Profit (loss) for the period to be appropriated9905€449,661€1.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€4.9m-€3.8m▲
Profit (loss) brought forward from the previous period14P-€5.4m-€4.9m▲

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€555€631€22,121€29,137▲ 31.7%
Other operating charges640/8€6,954€8,007€4,939€7,022€9,569▲ 36.3%
Gross operating margin9900-€41,519-€40,601€54,264-€10,656-€29,412▼ 176%
Operating profit (loss)9901-€48,473-€49,163€48,694-€39,799-€68,118▼ 71.2%
Financial income75/76B€6.3m€185,678€1.0m€573,192€1.3m▲ 135%
Recurring financial income75€35,661€185,678€29,945€116,692€52,456▼ 55.0%
Non-recurring financial income76B€6.3m-€1.0m€456,500€1.3m▲ 184%
Financial charges65/66B€6.5m€899,976€128,147€83,304€149,520▲ 79.5%
Recurring financial charges65€28,001€185,526€128,147€83,304€149,520▲ 79.5%
Non-recurring financial charges66B€6.5m€714,450----
Profit (loss) for the period before taxes9903-€203,613-€763,461€956,442€450,090€1.1m▲ 151%
Income taxes67/77---€430€524▲ 22.0%
Profit (loss) for the period9904-€203,613-€763,461€956,442€449,661€1.1m▲ 151%
Profit (loss) for the period to be appropriated9905-€203,613-€763,461€956,442€449,661€1.1m▲ 151%
Line20212022202320242025Change
Assets
Total assets20/58€5.9m€5.2m€6.2m€6.5m€8.1m▲ 23.8%
Fixed assets21/28€3.4m€2.7m€3.8m€4.2m€6.5m▲ 55.3%
Tangible fixed assets22/27€44,090€45,428€44,797€167,792€140,115▼ 16.5%
Furniture and vehicles24€44,090€45,428€44,797€167,792€140,115▼ 16.5%
Financial fixed assets28€3.4m€2.7m€3.7m€4.0m€6.4m▲ 58.3%
Current assets29/58€2.5m€2.4m€2.5m€2.3m€1.6m▼ 32.6%
Amounts receivable within one year40/41€368€517€16,966€54,813€9,079▼ 83.4%
Trade receivables40--€9,393€26,380€1,778▼ 93.3%
Other amounts receivable41€368€517€7,573€28,432€7,301▼ 74.3%
Current investments50/53€733,973€921,315€2.3m€2.1m€1.5m▼ 28.2%
Cash at bank and in hand54/58€1.8m€1.5m€110,346€206,806€76,706▼ 62.9%
Deferred charges and accrued income490/1---€1,588€164▼ 89.7%
Equity and liabilities
Total equity and liabilities10/49€5.9m€5.2m€6.2m€6.5m€8.1m▲ 23.8%
Equity10/15€3.5m€2.7m€3.7m€4.1m€5.2m▲ 27.4%
Contributions10/11€7.5m€7.5m€7.5m€7.5m€7.5m=
Capital10€7.5m€7.5m€7.5m€7.5m€7.5m=
Issued capital100€7.5m€7.5m€7.5m€7.5m€7.5m=
Reserves13€1.5m€1.5m€1.5m€1.5m€1.5m=
Non-distributable reserves130/1€78,883€78,883€78,883€78,883€54,183▼ 31.3%
Legal reserve130€78,883€78,883€78,883€78,883€54,183▼ 31.3%
Distributable reserves133€1.4m€1.4m€1.4m€1.4m€1.5m▲ 1.7%
Profit (loss) carried forward14-€5.6m-€6.3m-€5.4m-€4.9m-€3.8m▲ 22.9%
Amounts payable17/49€2.5m€2.5m€2.5m€2.4m€2.8m▲ 17.7%
Amounts payable after more than one year17€2.4m€2.4m€2.4m€2.4m€2.4m=
Financial debts170/4€2.4m€2.4m€2.4m€2.4m€2.4m=
Amounts payable within one year42/48€14,454€12,589€40,467-€404,740-
Financial debts43----€403,181-
Credit institutions430/8----€403,181-
Trade debts44€758€2,331€18,278-€1,559-
Suppliers440/4€758€2,331€18,278-€1,559-
Taxes, remuneration and social security45--€20,393---
Taxes450/3--€20,393---
Other amounts payable47/48€13,696€10,258€1,796---
Accrued charges and deferred income492/3€42,575€42,575€94,568€15,296€38,318▲ 151%
Line20212022202320242025Change
Profit (loss) for the period9904-€203,613-€763,461€956,442€449,661€1.1m▲ 151%
+ Depreciation and write-downs630-€555€631€22,121€29,137▲ 31.7%
Operating cash flow (approximation)-€203,613-€762,906€957,073€471,781€1.2m▲ 145%
Investment in fixed assets (approximation)-€687,557-€1.0m-€464,115-€2.3m▼ 406%
Change in cash--€264,706-€1.4m€96,460-€130,100▼ 235%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 27 days late
31-03
State Gazette act Statutes amendment · Miscellaneous
Purpose change · Capital · Registered office5 facts ▸
  • Purpose change, La société a pour objet tant en Belgique qu’à l’étranger : - toutes opérations immobilières au sens le plus large du terme et notamment assurer la gestion de to…
  • Statutes amendment
  • Capital, €7.454.963,08
  • Registered office, 1380 Lasne, Chaussée de Louvain 498/C6
  • Power of attorney, Pablo De Doncker
2025
31-12
Financial Highest result since 2018net €1.1m ▲151%
Net result €1.1m, the highest in the series.
31-12
Financial Equity above €5mEq €5.2m ▲27.4%
3 profitable years in a row build equity to €5.2m.
29-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
09-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 9 days late
2023
31-12
Financial Back to profitnet €956,442
Net result €956,442 after 3 loss-making years.
13-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 13 days late
2022
30-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
03-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 3 days late
2020
31-12
Financial Weakest financial yearnet -€4.1m
Net result drops to -€4.1m, the lowest in the series; recovery starts the following year.
16-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 77 days late
Show earlier events
2019
31-12
Financial Back to profitnet €674,305
Net result €674,305 after one loss-making year.
19-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2018
08-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
28-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts

Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lasne · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
1.0 ha
Building footprint
242 m²
Volume, LiDAR
1,843 m³
Parcel 25076G0621/00A000, Wallonia · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
42 companies at this address See who is registered here
1 establishment unit
Chaussée de Louvain 498, 1380 Lasne
Holdings
since 20122.215.586.502
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25076G0621/00A000 Wallonia 1.0 ha 1 · 242 m² 9.5 m · 2 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.

Articles of association

Purpose
La société a pour objet tant en Belgique qu’à l’étranger : - toutes opérations immobilières au sens le plus large du terme et notamment assurer la gestion de tous biens…
Full purpose

La société a pour objet tant en Belgique qu’à l’étranger : - toutes opérations immobilières au sens le plus large du terme et notamment assurer la gestion de tous biens immobiliers, intervenir en matière de conseils en réalisation immobilière, assurer ou coordonner la réalisation de projets immobiliers, acheter et vendre tout immeuble, droit, obligation, et titre immobilier, ériger des immeubles, les aménager, les décorer, les prendre ou les donner en location, prendre ou donner des droits d’emphytéose ou de superficie, faire tous travaux en vue de rendre les immeubles rentables, lotir les terrains, conclure tout contrat de leasing, etc. La société pourra opter pour le régime de marchand de biens et/ou de constructeur professionnel. - toutes activités et opérations d’une société d’investissement et de holding, l’acquisition, la cession et la détention de toutes actions, obligations, tous autres titres ou valeurs mobilières. - l’émission de tous titres de créance au profit de tiers ou de ses associés dans le respect de l’intérêt social. Dans le cas d’émissions d’obligations convertibles quelque en soit la nature, la société conservera seule l’option de convertibilité ou de remboursement. La société peut prendre des participations, en Belgique ou à l’étranger, dans toutes sociétés, entreprises et opérations mobilières ou immobilières, commerciales, civiles ou financières. La société peut également pourvoir à l’administration, à la supervision et au contrôle de toutes sociétés liées ou non. La société peut exercer des mandats d’administrateurs dans toutes sociétés. Elle peut également consentir tous prêts à celles-ci ou accorder des sûretés ou garanties, sous quelque forme et pour quelque durée que ce soit. Elle peut également consentir des prêts à taux de marché, y compris à ses actionnaires, et consentir en leur faveur toutes garanties ou sûretés au profit de tiers, dans le respect de l’intérêt social. La société peut également fournir des conseils en gestion administratives, financière et informatique. Elle peut agir en tant qu’intermédiaire dans la réalisation d’opérations mobilières ou immobilières, commerciales, civiles ou financières. La société pourra faire toutes opérations mobilières, immobilières, financières, industrielles et commerciales se rattachant, identique, analogue, utile ou connexe à son objet ; elle pourra également participer d’une façon directe ou indirecte dans toutes entreprises et sociétés, par achat, souscription, apport, fusion, financement ou par quelques formes commerciales ou financières, de participation avec le but de développer, de favoriser ou de faciliter la réalisation de l’objet. L'énumération ci-dessus est exemplative et non limitative. Le conseil d’administration est apte à interpréter la portée et la nature de l’objet de la société anonyme

Structure & network

Connections & network

Depth

The group is listed under Ownership & control below; here you explore it as a network.

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Ownership & control

1 board mandate
Board mandates of this companythis company sits on their board1

Capital and shareholders

Capital over the years
  1. 31-03-2026 Capital stated in the act · 7,454,963.08 EUR · 75,620 shares

Recognitions · licences · registrations

Legal Entity Identifier

222100LMXIL81W1VKR35
live in the LEI register

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 10,890 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded27-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0508738175
Also 9925:BE0508738175
Registered 19-02-2026

Register as of 27 September 2026 · Peppol Directory

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