SYDRALON
ActiveThe computed 12-month bankruptcy probability of SYDRALON is 1.7% (moderate). The 2025 annual accounts show equity of €150k and a net result of €-72k. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 32% of 3619 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▼-27
Solvency37▼-15
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity short (current ratio 0.18 against 0.68 in 2024; short-term debt: 29.4% and cash: 0.8% of total assets), and 88% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
32 d early
2023
32 d early
2022
38 d early
2021
40 d early
2020
43 d early
2019
42 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€150k▼ 41.5%
2024 · €256k
2018: €41k
2019: €78k
2020: €77k
2021: €164k
2022: €220k
2023: €244k
2024: €256k
2018 → 2025
Total assets
€1.25M▲ 33.1%
2024 · €937k
2018: €939k
2019: €926k
2020: €865k
2021: €963k
2022: €976k
2023: €1.02M
2024: €937k
2018 → 2025
Net result
€-72k
2024 · €11k
2018: €2k
2019: €37k
2020: €37k
2021: €87k
2022: €56k
2023: €24k
2024: €11k
2018 → 2025
Working capital
€-302k▼ 359%
2024 · €-66k
2018: €-136k
2019: €-82k
2020: €-74k
2021: €-25k
2022: €-49k
2023: €-64k
2024: €-66k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€164k-€220k▲ 34.3%€244k▲ 10.9%€256k▲ 4.6%€150k▼ 41.5%
Operating result€129k-€96k▼ 25.4%€51k▼ 46.9%€51k▲ 0.2%€-42k
Net result€87k-€56k▼ 35.0%€24k▼ 57.2%€11k▼ 53.0%€-72k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €42k after €51k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.25M
Fixed assets
€1.18M▲ 48.5%
Current assets
€64k▼ 54.2%
Equity and liabilities €1.25M
Equity
€150k▼ 41.5%
Debt
€1.10M▲ 61.1%
The debt ratio rises from 72.7% to 88.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€67k▼
2024 · €121k
Cash flow
€37k▼
2024 · €82k
Solvency
12.0%▼
2024 · 27.3%
Current ratio
0.18▼
2024 · 0.68
Quick ratio
0.14▼
2024 · 0.60
Debt / equity
7.33▲
2024 · 2.66
ROE
-48.0%▼
2024 · 4.4%
ROA
-5.8%▼
2024 · 1.2%
Interest coverage
2.24▼
2024 · 4.43
Debt
€1.10M▲
2024 · €681k
Debt ≤ 1 year
€367k▲
2024 · €206k
Debt > 1 year
€730k▲
2024 · €474k
Income taxes
€146▼
2024 · €12k
Staff costs
€211k▲
2024 · €195k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€937k€1.25M▲
Fixed assets21/28€796k€1.18M▲
Tangible fixed assets22/27€795k€1.18M▲
Land and buildings22€701k€667k▼
Plant, machinery and equipment23€50k€156k▲
Furniture and vehicles24€7k€11k▲
Leasing and similar rights25€32k€23k▼
Other tangible fixed assets26€4k€319k▲
Financial fixed assets28€1k€7k▲
Current assets29/58€141k€64k▼
Stocks and contracts in progress3€17k€15k▼
Stocks30/36€17k€15k▼
Amounts receivable within one year40/41€38k€33k▼
Trade receivables40€2k€2k▲
Other amounts receivable41€36k€31k▼
Cash at bank and in hand54/58€82k€10k▼
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€937k€1.25M▲
Equity10/15€256k€150k▼
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€249k€215k▼
Distributable reserves133€249k€215k▼
Profit (loss) carried forward14-€-72k
Amounts payable17/49€681k€1.10M▲
Amounts payable after more than one year17€474k€730k▲
Financial debts170/4€474k€730k▲
Amounts payable within one year42/48€206k€367k▲
Current portion of amounts payable after more than one year42€63k€111k▲
Trade debts44€7k€31k▲
Suppliers440/4€7k€31k▲
Advances received on contracts in progress46€820€2k▲
Taxes, remuneration and social security45€37k€29k▼
Taxes450/3€26k€12k▼
Remuneration and social security454/9€11k€17k▲
Other amounts payable47/48€98k€194k▲
Accrued charges and deferred income492/3€571-
Income statement
Code20242025
Non-recurring operating income76A€1k-
Remuneration, social security and pensions62€195k€211k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€109k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€321k€283k▼
Operating profit (loss)9901€51k€-42k▼
Financial income75/76B€59€37▼
Recurring financial income75€59€37▼
Financial charges65/66B€27k€30k▲
Recurring financial charges65€27k€30k▲
Profit (loss) for the period before taxes9903€24k€-72k▼
Income taxes67/77€12k€146▼
Profit (loss) for the period9904€11k€-72k▼
Profit (loss) for the period to be appropriated9905€11k€-72k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€-72k▼
Transfer from equity791/2-€34k
Transfer to equity691/2€11k-
To other reserves6921€11k-
Profit to be distributed694/7-€34k
Return on contributions (dividend)694-€34k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-72k ▼734%
Net result drops to €-72k, the lowest in the series.
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €220k ▲34.3%
5 profitable years in a row build equity to €220k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €87k ▲133%
Operating result €129k, net result €87k, both a record.
31-12
Financial
Equity above €150kEq €164k ▲112%
4 profitable years in a row build equity to €164k.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 2025
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brabantdam 1349000 GentGround area
4,648 m²
Building footprint
91 m²
Volume, LiDAR
856 m³
2 parcels, Flanders · tallest building 14.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Lubbi
since 20252.370.246.072
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44362B0315/00X002 | Flanders | 4,549 m² | - | - |
| 44804D1982/00F000 | Flanders | 99 m² | 1 · 91 m² | 14.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 4,534 EUR awarded · 4,534 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 2 | 2,534 EUR | 2,534 EUR |
Schemes
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.370.246.072
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ANCART
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Of 20,499 companies in sector 56111 we hold annual accounts for 11,455. 9,052 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2013
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.