SYFCO
ActiveSummary
The annual accounts of SYFCO for fiscal year 2024 show a net loss of 61% of the equity at the start of that year. The 2024 annual accounts show equity of €10k and a net result of €-16k. Equity is growing by ~58% per year across the filed fiscal years. Its solvency ranks better than 13% of 37953 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability3▼-97
Solvency33▼-45
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.39 against 2.12 in 2023; short-term debt: 71.2% and cash: 39.1% of total assets), and 91.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
8.2%
Return on assets
-12.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 37953 sector peers (2024).
NBB · sector comparisonPosition among 37953 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
30 d early
2022
49 d early
2021
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€10k▼ 60.5%
2023 · €26k
2021: €2k
2022: €1k▼ -28.8% vs 2021lowest in 4 years
2023: €26k▲ +1683% vs 2022highest in 4 years
2024: €10k▼ -60.5% vs 2023
2021 → 2024
Total assets
€127k▲ 157%
2023 · €49k
2021: €3klowest in 4 years
2022: €4k▲ +37.1% vs 2021
2023: €49k▲ +1218% vs 2022
2024: €127k▲ +157% vs 2023highest in 4 years
2021 → 2024
Net result
€-16k
2023 · €25k
2021: €-4k
2022: €-597▲ +84.8% vs 2021
2023: €25k▲ +4257% vs 2022highest in 4 years
2024: €-16k▼ -164% vs 2023lowest in 4 years
2021 → 2024
Working capital
€35k▲ 37.5%
2023 · €26k
2021: €2k
2022: €732▼ -64.7% vs 2021lowest in 4 years
2023: €26k▲ +3426% vs 2022
2024: €35k▲ +37.5% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€2k-€1k▼ 28.8%€26k▲ 1,683%€10k▼ 60.5%
2021: €2k
2022: €1k▼ -28.8% vs 2021lowest in 4 years
2023: €26k▲ +1683% vs 2022highest in 4 years
2024: €10k▼ -60.5% vs 2023
Operating result€-4k-€-505▲ 86.7%€36k€-15k
2021: €-4k
2022: €-505▲ +86.7% vs 2021
2023: €36k▲ +7285% vs 2022highest in 4 years
2024: €-15k▼ -141% vs 2023lowest in 4 years
Net result€-4k-€-597▲ 84.8%€25k€-16k
2021: €-4k
2022: €-597▲ +84.8% vs 2021
2023: €25k▲ +4257% vs 2022highest in 4 years
2024: €-16k▼ -164% vs 2023lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €15k after €36k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €127k
Fixed assets
€1k ▲ 125%
Current assets
€126k ▲ 157%
Equity and liabilities €127k
Equity
€10k ▼ 60.5%
Debt
€116k ▲ 406%
Debt's share of the balance-sheet total rises from 46.7% to 91.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-15k▼
2023 · €37k
Cash flow
€-15k▼
2023 · €25k
Current ratio
1.39▼
2023 · 2.12
Debt to equity
11.21▲
2023 · 0.88
ROE
-153.2%▼
2023 · 94.4%
ROA
-12.5%▼
2023 · 50.3%
Interest coverage
-21.04▼
2023 · 176.25
Debt ≤ 1 year
€90k▲
2023 · €23k
Debt > 1 year
€25k
Income taxes
€210▼
2023 · €11k
Staff costs
€39k▲
2023 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€49k€127k▲
Formation expenses20€0€0=
Fixed assets21/28€490€1k▲
Tangible fixed assets22/27€490€1k▲
Plant, machinery and equipment23€490€236▼
Furniture and vehicles24-€865
Current assets29/58€49k€126k▲
Amounts receivable within one year40/41€15k€76k▲
Trade receivables40€15k€70k▲
Other amounts receivable41-€5k
Cash at bank and in hand54/58€34k€50k▲
Deferred charges and accrued income490/1€225€439▲
Equity and liabilities
Total equity and liabilities10/49€49k€127k▲
Equity10/15€26k€10k▼
Contributions10/11€6k€6k=
Reserves13€25k€25k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€-5k€-20k▼
Amounts payable17/49€23k€116k▲
Amounts payable after more than one year17-€25k
Financial debts170/4-€25k
Amounts payable within one year42/48€23k€90k▲
Trade debts44€4k€69k▲
Suppliers440/4€4k€69k▲
Taxes, remuneration and social security45€16k€6k▼
Taxes450/3€16k€6k▼
Remuneration and social security454/9-€95
Other amounts payable47/48€3k€15k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20232024
Remuneration, social security and pensions62€6k€39k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€253€433▲
Other operating charges640/8€892€1k▲
Gross operating margin9900€43k€25k▼
Operating profit (loss)9901€36k€-15k▼
Financial income75/76B€5€50▲
Recurring financial income75€5€50▲
Financial charges65/66B€207€695▲
Recurring financial charges65€207€695▲
Profit (loss) for the period before taxes9903€36k€-16k▼
Income taxes67/77€11k€210▼
Profit (loss) for the period9904€25k€-16k▼
Profit (loss) for the period to be appropriated9905€25k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€-20k▼
Profit (loss) brought forward from the previous period14P€-5k€-5k=
Transfer to equity691/2€25k-
To other reserves6921€25k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €824 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €6k | €39k | ▲ 579% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €17 | €253 | €433 | ▲ 70.9% |
| Other operating charges640/8 | €695 | €348 | €892 | €1k | ▲ 30.6% |
| Gross operating margin9900 | €-824 | €-140 | €43k | €25k | ▼ 41.6% |
| Operating profit (loss)9901 | €-4k | €-505 | €36k | €-15k | ▼ 141% |
| Financial income75/76B | €3 | - | €5 | €50 | ▲ 894% |
| Recurring financial income75 | €3 | - | €5 | €50 | ▲ 894% |
| Financial charges65/66B | €137 | €92 | €207 | €695 | ▲ 235% |
| Recurring financial charges65 | €137 | €92 | €207 | €695 | ▲ 235% |
| Profit (loss) for the period before taxes9903 | €-4k | €-597 | €36k | €-16k | ▼ 144% |
| Income taxes67/77 | - | - | €11k | €210 | ▼ 98.1% |
| Profit (loss) for the period9904 | €-4k | €-597 | €25k | €-16k | ▼ 164% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €-597 | €25k | €-16k | ▼ 164% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3k | €4k | €49k | €127k | ▲ 157% |
| Formation expenses20 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | - | €743 | €490 | €1k | ▲ 125% |
| Tangible fixed assets22/27 | - | €743 | €490 | €1k | ▲ 125% |
| Plant, machinery and equipment23 | - | €743 | €490 | €236 | ▼ 51.8% |
| Furniture and vehicles24 | - | - | - | €865 | - |
| Current assets29/58 | €3k | €3k | €49k | €126k | ▲ 157% |
| Amounts receivable within one year40/41 | €945 | €1k | €15k | €76k | ▲ 409% |
| Trade receivables40 | €545 | €920 | €15k | €70k | ▲ 373% |
| Other amounts receivable41 | €400 | €446 | - | €5k | - |
| Cash at bank and in hand54/58 | €2k | €2k | €34k | €50k | ▲ 47.0% |
| Deferred charges and accrued income490/1 | - | - | €225 | €439 | ▲ 95.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3k | €4k | €49k | €127k | ▲ 157% |
| Equity10/15 | €2k | €1k | €26k | €10k | ▼ 60.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | = |
| Reserves13 | - | - | €25k | €25k | = |
| Distributable reserves133 | - | - | €25k | €25k | = |
| Profit (loss) carried forward14 | €-4k | €-5k | €-5k | €-20k | ▼ 352% |
| Amounts payable17/49 | €658 | €2k | €23k | €116k | ▲ 406% |
| Amounts payable after more than one year17 | - | - | - | €25k | - |
| Financial debts170/4 | - | - | - | €25k | - |
| Amounts payable within one year42/48 | €658 | €2k | €23k | €90k | ▲ 292% |
| Trade debts44 | €450 | €1k | €4k | €69k | ▲ 1,604% |
| Suppliers440/4 | €450 | €1k | €4k | €69k | ▲ 1,604% |
| Taxes, remuneration and social security45 | - | - | €16k | €6k | ▼ 61.6% |
| Taxes450/3 | - | - | €16k | €6k | ▼ 62.2% |
| Remuneration and social security454/9 | - | - | - | €95 | - |
| Other amounts payable47/48 | €208 | €1k | €3k | €15k | ▲ 376% |
| Accrued charges and deferred income492/3 | - | - | - | €1k | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €-597 | €25k | €-16k | ▼ 164% |
| + Depreciation and write-downs630 | €2k | €17 | €253 | €433 | ▲ 70.9% |
| Operating cash flow (approximation) | €-2k | €-580 | €25k | €-15k | ▼ 162% |
| Investment in fixed assets (approximation) | - | - | €0 | €-1k | - |
| Change in cash | - | €-152 | €32k | €16k | ▼ 50.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Opwijk · 1 establishment unit since 2020
Ground area
284 m²
Building footprint
283 m²
Volume, LiDAR
2,204 m³
Parcel 23060B0399/00E000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
SYFCO
since 20202.303.101.880
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23060B0399/00E000 | Flanders | 284 m² | 1 · 283 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2023 · 1 entry · 1,210 EUR awarded · 1,210 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,210 EUR | 1,210 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 23,344 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
78200Temporary employment agencies and other provision of personnel
Scores and ratios are computed by Checked and are not a credit decision.