Equity
€149,705 ▼ 41.5%
SYDRALON paid out €34,185 in dividends in a year with a loss of €71,808.
SYDRALON
Lifetime
12 annual accounts with figures on one time axispeak €357,023 (2022)
€283,350▼ 11.7%
lowest -€71,808 (2025)
-€71,808▼ €83,132
peak €255,698 (2024)
€149,705▼ 41.5%
€1.1m▲ 61.1%
peak 5.8 FTE (2018)
-not published
Board2 names since 2013
2 directorsJoke Michiel and 1 other
Documentsfilings and deeds
28-08-202628 days late
2025abbreviated format
Loss of €71,808Dividend €34,185Equity from €255,698 to €149,705Debts from €680,850 to €1.1m1 establishment registeredInvestments €494,947
Key points
from the 2025 annual accountsResult
-€71,808 -€71,808
From profit to loss in 2025, after a profit of €11,324 in 2024.
Debts
€1.1m 88% of the balance sheet
Financial debts 67%Suppliers 3%Taxes and wages 3%Other 28%
Of this, €366,624 falls due within a year.
Investments
€488,947 4.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 208.6% higher than in 2024.
Staff
3 employees on 31-12-2025
In 2025, 638 short contracts started and 639 ended, on average 16 hours worked per contract. Staff averaged 4.5 full-time equivalents.
Liquidity
0.18 was 0.68 in 2024
Short-term debts rose from €206,481 to €366,624.
2025 accounts filed 28 days after the deadline
Checked score
66
Healthy
Financially stronger than 28% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.2%▼ -0.1 percentage points vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%▼ -0.2 percentage points vs 07-2025lowest value
09-2025: 0.2%● unchanged vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.4 percentage points vs 07-2026
09-2026: 0.9%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 0.9%● unchanged vs 09-2026highest value
11-2026: 0.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Equity €149,705 (12.0% of total assets)
Loss of €71,808 (financial year 2025)
lowers risk
Size: total assets €1.2m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 35% of them on solvency, 34% on liquidity, 27% on profitability and 17% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,166 companies had the same profile as SYDRALON has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
3.0%
stopped another way
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SYDRALON itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,166 companies, not a prediction for SYDRALON. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.18 (0.68 in 2024), below 1. Short-term debt is 29.4% and cash 0.8% of total assets. 88% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
32 days early
2023
32 days early
2022
38 days early
2021
40 days early
2020
43 days early
2019
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0536727229
First establishment
Lubbi, Kliniekstraat 27B, Ghent
Changes of role: Vilhjálmur Sigurdarson (director) and Joke Michiel (director)
General meeting of 24-08-2022 · Gazette deed
Registered office moved from leper to Ghent
New registered office: Brabantdam 134 te 9000 Gent · Previous registered office: Surmont de Volsberghestraat 12 te 8900 leper · Board meeting of 01-02-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SYDRALON Ghent | €1.2m | €283,350 | 12.0% | - |
| MARED INDOOR Burg-Reuland | €1.1m | €279,170 | 37.7% | 6 |
| ROBUUST Wellen | €1.1m | €266,354 | 32.9% | - |
| LIZELL Koksijde | €1.2m | €327,364 | 37.0% | 0.8 |
| BPL MAINTENANCE Kinrooi | €1.4m | €326,859 | 75.2% | - |
| CRABCLUB Sint-Gillis (bij-Brussel) | €1.2m | €308,278 | 14.6% | - |
| Odevaere Bruges | €1.1m | €316,003 | 8.4% | - |
These companies have the same main activity as SYDRALON: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €1.1m and €1.4m, founded between 2013 and 2015.
Official details
Source: KBO- Status
- Active since 16-07-2013Normal situation
- Activity
- Full-service restaurantsNACE 56111and 1 other
- Establishment unit
- 2.370.246.0729050 Ghent, since 12-02-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €660,000estimated
- €1.2m▲ 33.1%
- Employeeson 31-12-2025
- 3▼ 25.0%
- Filing
- Filed on 28-08-2026
Insights on SYDRALON
SYDRALON files the abbreviated format. That format states no turnover. The gross margin fell from €283,399 in 2014 to €283,350 in 2025.
The balance sheet grew most from 2017 to 2018 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SYDRALON
- What is the company number of SYDRALON?
- The company number of SYDRALON is 0536.727.229. The VAT number is the same number with BE in front: BE 0536.727.229.
- Where is SYDRALON based?
- The registered office is at Brabantdam 134, 9000 Ghent.Company details
- What does SYDRALON do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of SYDRALON?
- SYDRALON is a private limited company (BV).
- When was SYDRALON founded?
- SYDRALON was founded on 16-07-2013.
- Is SYDRALON still active?
- Yes, SYDRALON is an active enterprise in the KBO register.
- How many employees does SYDRALON have?
- SYDRALON had an average of 4.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of SYDRALON?
- The turnover in financial year 2025 is ≈ €660,000. This figure is estimated from the gross margin of €283,350 and 41 comparable companies (NACE 56111). It probably lies between €630,000 and €930,000.
- Is SYDRALON profitable?
- In financial year 2025, SYDRALON made a loss of €71,808.
- Where can I find the annual accounts of SYDRALON?
- SYDRALON filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SYDRALON due?
- SYDRALON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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