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SYGIBEL

Active
Public limited companyfounded 2011active for 15 yearsAbdijstraat 67, 1050 Elsene, BelgiumKBO/BCE: BE 0838.660.020
Summary

SYGIBEL has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €457,553 and a net result of -€269,799. Equity is shrinking by about 19% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 86% of 310 sector peers (NACE 20, financial year 2024). The computed 12-month bankruptcy probability is 1.3% (low).

Overview

Activity
Manufacture of chemicals and chemical products
NACE 20420
1 site
Size
€573,750total assets 2024
Staff
1.8 FTE
Equity
€457,553
Loss
-€269,799
Financial health
55 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.3%
Structure
Largest shareholder
SYNGULARITY · 49.18%
Holdings
1
Accounts 81 days overdue1 of 6 deeds read
Why 55raises riskCapped at 59: a confirmed filing findingLoss of €269,799, the second in a row (financial year 2024)lowers riskFounded in 2011Equity €457,553 (79.7% of total assets)Liquidity: current ratio 4.24, cash €87,179, halvedShow the evidence

Checked score

Score 2024
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 47% of its sector peers (NACE 20, micro)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 100=
equity 79.7% of total assets
Liquidity 63-21
short-term debt 19.8% · cash 15.2%
Profitability 0=
return on assets -47.0%
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (356 companies, NACE 20, micro)
Last 24 months 11-2024: 0.7%lowest value 12-2024: 1.1%▲ +0.4 percentage points vs 11-2024 01-2025: 1.7%▲ +0.6 percentage points vs 12-2024highest value 02-2025: 1.3%▼ -0.4 percentage points vs 01-2025 03-2025: 1.3%● unchanged vs 02-2025 04-2025: 1.3%● unchanged vs 03-2025 05-2025: 1.2%▼ -0.1 percentage points vs 04-2025 06-2025: 1.3%▲ +0.1 percentage points vs 05-2025 07-2025: 1.3%● unchanged vs 06-2025 08-2025: 1.4%▲ +0.1 percentage points vs 07-2025 09-2025: 1.5%▲ +0.1 percentage points vs 08-2025 10-2025: 0.9%▼ -0.6 percentage points vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.8%▼ -0.1 percentage points vs 04-2026 06-2026: 0.9%▲ +0.1 percentage points vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 1.0%▲ +0.1 percentage points vs 07-2026 09-2026: 1.0%● unchanged vs 08-2026 10-2026: 1.3%▲ +0.3 percentage points vs 09-2026
Credit of up to €25,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 4.24, compared with 6.37 in 2023, above the usual 1.5; short-term debt: 19.8% and cash: 15.2% of total assets), and 20.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 20, micro): better than 90% on solvency, 68% on liquidity, 11% on profitability and 18% on growth.

The bankruptcy probability was computed on 19-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Loss of €269,799, the second in a row (financial year 2024)
NBB · annual accounts
lowers risk · Founded in 2011
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €457,553 (79.7% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 4.24, cash €87,179, halved
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€269,799
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 81 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline20-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
not filed
2024
31 days late
2023
173 days late
2022
31 days late
2021
30 days late
2020
18 days late
2019
46 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 40 days after the deadline; the sector median (NACE 20) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · full…
  2. Appointment: de Marchant et d'Ansembourg,Werner Alexandre…Gazette deed
  3. Annual accounts filedfinancial year 2023 · full…

Key points

  • Risk: 7 loss-making years in a rowloss financial year 2024 -€269,799 View
  • Caution: Among the weakest 16% on equitysector median €7.7m · 310 companies €457,553 View
  • Caution: Accounts not fileddeadline was 31-07-2026 81 days late View
  • Caution: Result fell in 2024from -€175,995 to -€269,799 ▼ 53.3% View

By topic

Financials

Financial year
2024
Total assets
€573,750
Loss
-€269,799
Solvency
79.7%
Total assets▼ 31.4%
Net result
20182024
Go to Financials

Timeline

Events
15
Since
2013
  1. 31-08-2023Annual accounts filed
  2. 31-12-2022Weakest financial year
  3. 30-08-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of chemicals and chemical productsNACE 20420
Founded
22-08-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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