SYFA
Judicial reorganisationFinancials · financial year 2025, full format
2025 annual accounts filed 4 days after the deadline Filed on 4 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00031740.
Annual accounts 2025 filed on 04-02-2026 PDF all 33 filings
Turnover
≈ €700,000
Estimated: probably between €580,000 and €770,000
EBIT margin
Not included in this filing
Net result
-€36,853▼ 147%
2024 · -€14,949
Working capital
€371,056▼ 8.9%
2024 · €407,171
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€29,769
▼ 304%
2025
20192025
Net result
-€36,853
▼ 147%
2025
lowest quarter of the sector
20192025
Equity
€1.1m
▼ 3.4%
2025
highest quarter of the sector
20192025
Total assets
€1.7m
▲ 4.9%
2025
highest quarter of the sector
20192025
Debt
€371,126
▲ 45.8%
2025
20192025
Working capital
€371,056
▼ 8.9%
2025
highest quarter of the sector
20192025
Solvency
62.2%
▼ 5.4pp
2025
highest quarter of the sector
20192025
Current ratio
2.60
▼ 1.96
2025
highest quarter of the sector
20192025
Return on assets (ROA)
-2.2%
▼ 1.3pp
2025
middle half of the sector
20192025
Staff (FTE)
10.6
▲ 1.9%
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.07m-€0.02m▼ 69.5%-€0.02m€0.03m€0.02m▼ 23.7%-€0.007m-€0.03m▼ 304%
Net result€0.03m--€0.01mwithin the sector's middle half-€0.03mbelow the sector's middle half▼ 116%-€0.01mwithin the sector's middle half▲ 48.8%€0.01mwithin the sector's middle half-€0.01mbelow the sector's middle half-€0.04mbelow the sector's middle half▼ 147%
Equity€1.1m-€1.1mabove the sector's middle half▼ 1.1%€1.1mabove the sector's middle half▼ 2.4%€1.1mabove the sector's middle half▼ 1.3%€1.1mabove the sector's middle half▲ 1.3%€1.1mabove the sector's middle half▼ 1.4%€1.1mabove the sector's middle half▼ 3.4%
Total assets€1.8m-€1.5mabove the sector's middle half▼ 14.7%€1.6mabove the sector's middle half▲ 2.8%€1.5mabove the sector's middle half▼ 2.3%€1.5mabove the sector's middle half▲ 0.7%€1.6mabove the sector's middle half▲ 4.4%€1.7mabove the sector's middle half▲ 4.9%
Debt€0.1m-€0.1m▲ 16.4%€0.2m▲ 55.5%€0.2m▼ 11.0%€0.2m▼ 2.1%€0.3m▲ 48.7%€0.4m▲ 45.8%
Working capital€0.6m-€0.3mabove the sector's middle half▼ 42.1%€0.3mabove the sector's middle half▲ 4.3%€0.3mabove the sector's middle half▼ 10.6%€0.3mabove the sector's middle half▼ 5.4%€0.4mabove the sector's middle half▲ 39.5%€0.4mabove the sector's middle half▼ 8.9%
Solvency64.0%-74.2%above the sector's middle half▲ 10.2pp70.4%above the sector's middle half▼ 3.8pp71.1%above the sector's middle half▲ 0.7pp71.5%above the sector's middle half▲ 0.4pp67.6%above the sector's middle half▼ 4.0pp62.2%above the sector's middle half▼ 5.4pp
Current ratio6.27-4.47above the sector's middle half▼ 1.803.74above the sector's middle half▼ 0.733.37above the sector's middle half▼ 0.382.85above the sector's middle half▼ 0.524.56above the sector's middle half▲ 1.712.60above the sector's middle half▼ 1.96
Return on assets (ROA)1.6%--0.8%within the sector's middle half▼ 2.4pp-1.8%below the sector's middle half▼ 0.9pp-0.9%within the sector's middle half▲ 0.8pp0.9%within the sector's middle half▲ 1.9pp-0.9%within the sector's middle half▼ 1.9pp-2.2%within the sector's middle half▼ 1.3pp
Staff (FTE)9.4-10within the sector's middle half▲ 6.4%8.6within the sector's middle half▼ 14.0%8.5within the sector's middle half▼ 1.2%8.5within the sector's middle half=10.4within the sector's middle half▲ 22.4%10.6within the sector's middle half▲ 1.9%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €29,769, larger than the loss of €7,366 in 2024. It is the lowest result since 2019.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.1m ▼ 0.2%
Current assets
€603,578 ▲ 15.7%
Equity and liabilities €1.7m
Equity
€1.1m ▼ 3.4%
Provisions
€267,919 =
Debt
€371,126 ▲ 45.8%
Debt's share of the balance-sheet total rises from 15.8% to 21.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€27,397▼
2024 · -€3,705
Cash flow
-€34,481▼
2024 · -€11,288
Quick ratio
2.54▼
2024 · 4.44
Debt to equity
0.35▲
2024 · 0.23
ROE
-3.5%▼
2024 · -1.4%
Interest coverage
-0.91▼
2024 · -0.42
Debt ≤ 1 year
€232,522▲
2024 · €114,485
Debt > 1 year
€138,604▼
2024 · €140,000
Income taxes
€27▼
2024 · €224
Staff costs
€253,708▲
2024 · €202,056
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 10 | 10 | 10 | 12 |
| full-time | 7 | 7 | 8 | 9 |
| part-time | 3 | 3 | 2 | 3 |
| in full-time equivalents | 8.1 | 8.1 | 8.8 | 10.6 |
| Average over the year, in full-time equivalents | 8.5 | 8.5 | 10.4 | 10.6 |
| On a permanent contract | 8 | 8 | 8 | 9 |
| Joined | 4 | 4 | 9 | 12 |
| Left | 3 | 3 | 10 | 7 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €3,330 | - | - |
| Financial fixed assets | - | - | - | €193 |
| Depreciation and write-downs of the year | €3,890 | €3,099 | €3,661 | €2,372 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,645 | €12,562 | €74 | ▼ 99.4% |
| Remuneration, social security and pensions62 | - | - | - | €152,250 | €150,986 | €202,056 | €253,708 | ▲ 25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,139 | €10,685 | €6,820 | €3,890 | €3,099 | €3,661 | €2,372 | ▼ 35.2% |
| Other operating charges640/8 | - | - | - | €551 | €1,391 | €6,680 | €4,168 | ▼ 37.6% |
| Non-recurring operating charges66A | - | - | - | - | €8,787 | - | - | - |
| Gross operating margin9900 | €422,466 | €292,251 | €97,162 | €189,255 | €189,108 | €205,031 | €230,479 | ▲ 12.4% |
| Operating profit (loss)9901 | €67,706 | €20,631 | -€19,232 | €32,564 | €24,845 | -€7,366 | -€29,769 | ▼ 304% |
| Financial income75/76B | - | - | - | €2 | €319 | €1,526 | €23,038 | ▲ 15× |
| Recurring financial income75 | €84 | €9 | €19 | €2 | €319 | €1,526 | €23,038 | ▲ 15× |
| Financial charges65/66B | - | - | - | €45,032 | €2,962 | €8,885 | €30,095 | ▲ 239% |
| Recurring financial charges65 | €10,908 | €6,702 | €5,252 | €45,032 | €2,962 | €8,885 | €30,095 | ▲ 239% |
| Profit (loss) for the period before taxes9903 | €56,883 | €13,937 | -€24,466 | -€12,467 | €22,202 | -€14,725 | -€36,826 | ▼ 150% |
| Income taxes67/77 | €28,886 | €26,754 | €3,190 | €1,705 | €7,748 | €224 | €27 | ▼ 87.9% |
| Profit (loss) for the period9904 | €27,997 | -€12,817 | -€27,656 | -€14,171 | €14,454 | -€14,949 | -€36,853 | ▼ 147% |
| Profit (loss) for the period to be appropriated9905 | €27,997 | -€12,817 | -€27,656 | -€14,171 | €14,454 | -€14,949 | -€36,853 | ▼ 147% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.8m | €1.5m | €1.6m | €1.5m | €1.5m | €1.6m | €1.7m | ▲ 4.9% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 0.2% |
| Tangible fixed assets22/27 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 0.2% |
| Land and buildings22 | - | - | - | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 0.1% |
| Furniture and vehicles24 | - | - | - | €0.004m | €0.006m | €0.004m | €0.003m | ▼ 37.6% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.002m | ▲ 13.0% |
| Current assets29/58 | €0.7m | €0.4m | €0.5m | €0.4m | €0.4m | €0.5m | €0.6m | ▲ 15.7% |
| Stocks and contracts in progress3 | €0.01m | €0.02m | €0.02m | €0.03m | €0.01m | €0.01m | €0.01m | ▼ 12.1% |
| Stocks30/36 | - | - | - | €0.03m | €0.01m | €0.01m | €0.01m | ▼ 12.1% |
| Amounts receivable within one year40/41 | €0.5m | €0.3m | €0.4m | €0.3m | €0.4m | €0.5m | €0.5m | ▲ 12.3% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.4m | €0.5m | €0.5m | ▲ 12.3% |
| Cash at bank and in hand54/58 | €0.2m | €0.08m | €0.09m | €0.08m | €0.02m | €0.03m | €0.03m | ▲ 2.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.004m | €0.001m | €0.03m | ▲ 21× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.8m | €1.5m | €1.6m | €1.5m | €1.5m | €1.6m | €1.7m | ▲ 4.9% |
| Equity10/15 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 3.4% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Revaluation surpluses12 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Profit (loss) carried forward14 | €268 | -€0.01m | -€0.04m | -€0.05m | -€0.04m | -€0.05m | -€0.09m | ▼ 67.2% |
| Provisions and deferred taxes16 | €0.5m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Pensions and similar obligations160 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Amounts payable17/49 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 45.8% |
| Amounts payable after more than one year17 | - | €0.03m | €0.07m | €0.04m | €0.01m | €0.1m | €0.1m | ▼ 1.0% |
| Financial debts170/4 | - | - | - | €0.04m | €0.01m | €0.1m | €0.1m | ▼ 1.0% |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | ▲ 103% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.03m | €0.004m | €0.02m | ▲ 422% |
| Trade debts44 | €0.04m | €0.04m | €0.02m | €0.05m | €0.08m | €0.03m | €0.2m | ▲ 441% |
| Suppliers440/4 | - | - | - | €0.05m | €0.08m | €0.03m | €0.2m | ▲ 441% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.04m | €0.08m | €0.06m | ▼ 29.1% |
| Taxes450/3 | - | - | - | €0.008m | €0.02m | €0.07m | €0.04m | ▼ 40.5% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.02m | €0.01m | €0.02m | ▲ 50.1% |
| Other amounts payable47/48 | - | - | - | - | €0.008m | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €45 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,997 | -€12,817 | -€27,656 | -€14,171 | €14,454 | -€14,949 | -€36,853 | ▼ 147% |
| + Depreciation and write-downs630 | €16,139 | €10,685 | €6,820 | €3,890 | €3,099 | €3,661 | €2,372 | ▼ 35.2% |
| Operating cash flow (approximation) | €44,137 | -€2,132 | -€20,836 | -€10,281 | €17,553 | -€11,288 | -€34,481 | ▼ 205% |
| Investment in fixed assets (approximation) | - | -€1,376 | -€4,680 | €0 | -€3,330 | €1 | -€193 | - |
| Change in cash | - | -€78,525 | €8,173 | -€10,188 | -€56,139 | €9,485 | €725 | ▼ 92.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 04-02-2026 | 2026-00031740 | |
| 30-06-2024 | full format | 03-03-2025 | 2025-00042134 | |
| 30-06-2023 | full format | 03-01-2024 | 2024-00546852 | |
| 30-06-2022 | full format | 16-02-2023 | 2023-00030434 | |
| 30-06-2021 | full format | 04-03-2022 | 2022-07200321 | |
| 30-06-2020 | full format | 23-02-2021 | 2021-06000174 | |
| 30-06-2019 | full format | 25-02-2020 | 2020-05700322 | |
| 30-06-2018 | full format | 27-02-2019 | 2019-05800550 | |
| 30-06-2017 | full format | 01-02-2018 | 2018-04100420 | |
| 30-06-2016 | full format | 16-02-2017 | 2017-04500583 |