SYFA
Judicial reorganisationThe file of SYFA contains 4 judicial reorganisations, as published in the Belgian State Gazette. The KBO register records for SYFA the legal situation: special situation (code 091); this is today's state according to the register itself, which carries no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €1.05M and a net result of €-37k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 80% of 799 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Stability30
Credit verdict
Credit up to €35k at 30 days only on tighter terms
Liquidity ample (current ratio 2.6 against 4.56 in 2024), and 37.8% 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.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-02-2026, 4 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 filingsDeviation from the deadline
2025
4 d late
2024
31 d late
2023
28 d early
2022
16 d late
2021
32 d late
2020
23 d late
2019
25 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-37k▼ 147%
2024 · €-15k
2019: €28k
2020: €-13k
2021: €-28k
2022: €-14k
2023: €14k
2024: €-15k
2019 → 2025
Working capital
€371k▼ 8.9%
2024 · €407k
2019: €571k
2020: €331k
2021: €345k
2022: €309k
2023: €292k
2024: €407k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.10M-€1.09M▼ 1.3%€1.10M▲ 1.3%€1.09M▼ 1.4%€1.05M▼ 3.4%
Operating result€-19k-€33k€25k▼ 23.7%€-7k€-30k▼ 304%
Net result€-28k-€-14k▲ 48.8%€14k€-15k€-37k▼ 147%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30k in 2025 against €7k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.69M
Fixed assets
€1.09M▼ 0.2%
Current assets
€604k▲ 15.7%
Equity and liabilities €1.69M
Equity
€1.05M▼ 3.4%
Provisions
€268k=
Debt
€371k▲ 45.8%
The debt ratio rises from 15.8% to 21.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-27k▼
2024 · €-4k
Cash flow
€-34k▼
2024 · €-11k
Solvency
62.2%▼
2024 · 67.6%
Current ratio
2.60▼
2024 · 4.56
Quick ratio
2.54▼
2024 · 4.44
Debt / equity
0.35▲
2024 · 0.23
ROE
-3.5%▼
2024 · -1.4%
ROA
-2.2%▼
2024 · -0.9%
Interest coverage
-0.91▼
2024 · -0.42
Debt
€371k▲
2024 · €255k
Debt ≤ 1 year
€233k▲
2024 · €114k
Debt > 1 year
€139k▼
2024 · €140k
Income taxes
€27▼
2024 · €224
Staff costs
€254k▲
2024 · €202k
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€1.61M€1.69M▲
Fixed assets21/28€1.09M€1.09M▼
Tangible fixed assets22/27€1.09M€1.09M▼
Land and buildings22€1.08M€1.08M▼
Furniture and vehicles24€4k€3k▼
Financial fixed assets28€1k€2k▲
Current assets29/58€522k€604k▲
Stocks and contracts in progress3€14k€12k▼
Stocks30/36€14k€12k▼
Amounts receivable within one year40/41€477k€535k▲
Other amounts receivable41€477k€535k▲
Cash at bank and in hand54/58€30k€31k▲
Deferred charges and accrued income490/1€1k€25k▲
Equity and liabilities
Total equity and liabilities10/49€1.61M€1.69M▲
Equity10/15€1.09M€1.05M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€983k€983k=
Reserves13€99k€99k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€93k€93k=
Profit (loss) carried forward14€-55k€-92k▼
Provisions and deferred taxes16€268k€268k=
Provisions for liabilities and charges160/5€268k€268k=
Pensions and similar obligations160€268k€268k=
Amounts payable17/49€255k€371k▲
Amounts payable after more than one year17€140k€139k▼
Financial debts170/4€140k€139k▼
Amounts payable within one year42/48€114k€233k▲
Current portion of amounts payable after more than one year42€4k€19k▲
Trade debts44€29k€155k▲
Suppliers440/4€29k€155k▲
Taxes, remuneration and social security45€82k€58k▼
Taxes450/3€72k€43k▼
Remuneration and social security454/9€10k€15k▲
Accrued charges and deferred income492/3€45-
Income statement
Code20242025
Non-recurring operating income76A€13k€74▼
Remuneration, social security and pensions62€202k€254k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼
Other operating charges640/8€7k€4k▼
Gross operating margin9900€205k€230k▲
Operating profit (loss)9901€-7k€-30k▼
Financial income75/76B€2k€23k▲
Recurring financial income75€2k€23k▲
Financial charges65/66B€9k€30k▲
Recurring financial charges65€9k€30k▲
Profit (loss) for the period before taxes9903€-15k€-37k▼
Income taxes67/77€224€27▼
Profit (loss) for the period9904€-15k€-37k▼
Profit (loss) for the period to be appropriated9905€-15k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€-92k▼
Profit (loss) brought forward from the previous period14P€-40k€-55k▼
Social balance
Average headcount (FTE)908710.410.6▲
The notes to these accounts (13 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
03-08
Judicial reorganisation
Extension
Tribunal de l’entreprise francophone de Bruxelles · collectif · event 22-07-2026
11-03
Judicial reorganisation
Extension
Tribunal de l’entreprise francophone de Bruxelles · collectif · event 04-03-2026
20-02
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collectif_pme · event 16-02-2026
04-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 4 days late
2025
13-11
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collectif_pme · event 05-11-2025
30-06
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series.
03-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Back to profitnet €14k
Net result €14k after 3 loss-making years.
16-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 16 days late
2022
04-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 32 days late
2021
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 1 day late
2017
16-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brussel · 1 establishment unit since 1992
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.
Baksteenkaai 601000 BrusselGround area
268 m²
Building footprint
265 m²
Volume, LiDAR
2,177 m³
Parcel 21812N0404/00E000, Brussels · tallest building 16.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SYFA NV
since 19922.058.708.501
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N0404/00E000 | Brussels | 268 m² | 1 · 265 m² | 16.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.058.708.501
Similar companies · same sector, comparable size
Union des Anciens Etudiants de l'Universite Libre de Bruxelles
BE 0409.447.985
Elsene · Eq €1.05M
JONO
BE 0476.965.628
Leuven · Eq €1.05M
MAISON D
BE 0846.021.528
Ronse · Eq €1.06M
VISMAN MANAGEMENT
BE 0549.881.122
Oostende · Eq €1.05M
Lassaut
BE 0893.107.209
Holsbeek · Eq €1.05M
Of 20,231 companies in sector 56111 we hold annual accounts for 11,313. 4,011 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-04-1992
Fiscal year end30-06
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.