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SYFA

Judicial reorganisation
Public limited companyfounded 1992active for 34 yearsBaksteenkaai 60, 1000 Brussel, BelgiumKBO/BCE: BE 0447.180.886

From the official registers: KBO 33 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The file of SYFA contains 4 judicial reorganisation notices, as published in the Belgian Official Gazette. The KBO register currently lists the legal status of SYFA as special situation, with 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 €1.1m and a net result of -€36,853. Equity remains stable across the filed financial years (±1.2% per year). Its solvency ranks better than 79% of 952 sector peers (NACE 56, financial year 2025).

Are you a creditor?

Judicial reorganisation Source: Belgian Official Gazette

Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.

The procedure

Court
French-language Enterprise Court of Brussels
Opened
5 November 2025
Track
Reorganisation by collective agreement
Docket number
20250149
Moratorium until
4 November 2026
Creditors' vote
21 October 2026
Delegated judge
Raphael Pieters
Official Gazette
13-11-2025 (pdf) ↗search the document for 2025/146405

What to do now

  1. Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
  2. Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
  3. The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
  4. What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
  5. The file is in RegSol, where you can read the documents of the procedure.

Deadlines: the moratorium runs until 4 November 2026, unless the court extends or ends it earlier. The date of the vote on the plan is in the judgment and in RegSol.

View the file in RegSol ↗ Follow Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.

General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Official details

KBO
Status
Active since 16-04-1992 Judicial reorganisation
Legal form
Public limited company
Registered office
Baksteenkaai 60, 1000 Brussel
Activity
Full-service restaurants NACE 56111
Establishment unit
2.058.708.501 1000 Brussel, since 03-09-1992
Financial year end
30 June
Peppol
Reachable since 06-02-2026

Who decides

Board

How it is doing

24 Critical Checked score 2025
Reorganisation running: about 1 in 4 bankrupt within the year
Annual accounts to 30-06-2025
Gross margin
€230,479
▲ 12.4%
Turnover
≈ €700,000
estimated
Loss
€36,853
▲ 147%
Equity
€1.1m
▼ 3.4%
Total assets
€1.7m
▲ 4.9%
Staff
10.6 FTE
▲ 1.9%
2025 accounts filed 4 days late
Filed on 04-02-2026PDF
Signalsraises riskIn judicial reorganisation2025 accounts filed 4 days lateShow the evidence

Checked score

Score 2025
24 / 100
Critical
Without a bankruptcy probability: score from the figures alone
An ongoing judicial reorganisation from the Belgian Official Gazette caps the score at 24. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 87-6
equity 62.2% of total assets
Liquidity 50-2
short-term debt 13.7% · cash 1.8%
Profitability 16-2
return on assets -2.2%
Bankruptcy probability, 12 months

Judicial reorganisation

About 1 in 4 comparable companies went bankrupt within the year

A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).

No credit on open account during an ongoing judicial reorganisation
Liquidity ample (current ratio 2.6, compared with 4.56 in 2024, above the usual 1.5; short-term debt: 13.7% and cash: 1.8% of total assets), and 37.8% of the assets are financed with debt and provisions.

Signals

Two signals.
raises risk
raises risk · In judicial reorganisation
Ongoing procedure under court protection (Book XX of the Code of Economic Law). The company is restructuring. The KBO register also records: special situation.
Belgian Official Gazette
raises risk · 2025 accounts filed 4 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
4 days late
2024
31 days late
2023
28 days early
2022
16 days late
2021
32 days late
2020
23 days late
2019
25 days 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 15 days after the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 16 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end01-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

Key points

  • Caution: Among the weakest 18% on net resultsector median €9,807 · 953 companies -€36,853 View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€36,853 View

Documents

Annual accounts at the NBB

All 33 annual accounts

Articles and registers

Key facts about SYFA

What is the company number of SYFA?
0447.180.886. In Belgium the VAT number is the company number with BE in front: BE 0447.180.886.
Where is SYFA based?
The registered office is at Baksteenkaai 60, 1000 Brussel.Company details
What does SYFA do?
According to the KBO register, the main activity is full-service restaurants (NACE 56111).
What is the legal form of SYFA?
Public limited company (NV).
When was SYFA founded?
On 16-04-1992.
Is SYFA still active?
Yes, SYFA is in the KBO register. A judicial reorganisation is running.
How many employees does SYFA have?
On average 10.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SYFA?
≈ €700,000 in financial year 2025. Estimated from the gross margin of €230,479: probably between €580,000 and €770,000, based on 31 comparable companies, NACE 56111.
Is SYFA profitable?
In financial year 2025, SYFA made a loss of €36,853.
Where can I find the annual accounts of SYFA?
SYFA filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of SYFA due?
By 31-01-2027, for financial year 2026.Timeline

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