SYLMAR
ActiveSYLMAR has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.21M and a net result of €153k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 93% of 18937 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
93
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability63▼-23
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 11.2 against 19.83 in 2023), and 16.7% 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.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
83.3%
Return on assets
10.5%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
51 d late
2022
87 d late
2021
92 d late
2020
161 d late
2019
119 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€1.21M▲ 14.4%
2023 · €1.06M
2018: €614k
2019: €705k
2020: €708k
2021: €776k
2022: €878k
2023: €1.06M
2018 → 2024
Total assets
€1.46M▲ 30.4%
2023 · €1.12M
2018: €746k
2019: €853k
2020: €850k
2021: €942k
2022: €971k
2023: €1.12M
2018 → 2024
Net result
€153k▼ 16.5%
2023 · €183k
2018: €117k
2019: €91k
2020: €3k
2021: €67k
2022: €102k
2023: €183k
2018 → 2024
Working capital
€569k▼ 19.3%
2023 · €705k
2018: €232k
2019: €285k
2020: €294k
2021: €380k
2022: €526k
2023: €705k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€708k-€776k▲ 9.5%€878k▲ 13.2%€1.06M▲ 20.9%€1.21M▲ 14.4%
Operating result€10k-€92k▲ 793%€147k▲ 59.7%€262k▲ 78.9%€221k▼ 15.8%
Net result€3k-€67k▲ 1,859%€102k▲ 52.4%€183k▲ 79.1%€153k▼ 16.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 16% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.46M
Fixed assets
€833k▲ 122%
Current assets
€625k▼ 15.9%
Equity and liabilities €1.46M
Equity
€1.21M▲ 14.4%
Provisions
€7k▲ 38.7%
Debt
€237k▲ 360%
The debt ratio rises from 4.6% to 16.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€270k▼
2023 · €328k
Cash flow
€203k▼
2023 · €249k
Solvency
83.3%▼
2023 · 94.9%
Current ratio
11.20▼
2023 · 19.83
Quick ratio
10.86▼
2023 · 19.37
Debt / equity
0.19▲
2023 · 0.05
ROE
12.6%▼
2023 · 17.3%
ROA
10.5%▼
2023 · 16.4%
Interest coverage
25.40▼
2023 · 33.62
Debt
€237k▲
2023 · €51k
Debt ≤ 1 year
€56k▲
2023 · €37k
Debt > 1 year
€179k▲
2023 · €12k
Income taxes
€69k▼
2023 · €77k
Staff costs
€226k▲
2023 · €185k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.12M€1.46M▲
Fixed assets21/28€375k€833k▲
Tangible fixed assets22/27€375k€833k▲
Land and buildings22€284k€758k▲
Plant, machinery and equipment23€63k€55k▼
Furniture and vehicles24€1k€310▼
Leasing and similar rights25€27k€20k▼
Current assets29/58€743k€625k▼
Stocks and contracts in progress3€17k€19k▲
Stocks30/36€17k€19k▲
Amounts receivable within one year40/41€113k€130k▲
Trade receivables40€687€650▼
Other amounts receivable41€112k€130k▲
Current investments50/53€559k€424k▼
Cash at bank and in hand54/58€50k€48k▼
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.12M€1.46M▲
Equity10/15€1.06M€1.21M▲
Contributions10/11€20k€20k=
Reserves13€462k€614k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€460k€614k▲
Profit (loss) carried forward14€579k€580k▲
Provisions and deferred taxes16€5k€7k▲
Provisions for liabilities and charges160/5€5k€7k▲
Other liabilities and charges164/5€5k€7k▲
Amounts payable17/49€51k€237k▲
Amounts payable after more than one year17€12k€179k▲
Financial debts170/4€12k€179k▲
Amounts payable within one year42/48€37k€56k▲
Current portion of amounts payable after more than one year42€21k€29k▲
Trade debts44€8k€17k▲
Suppliers440/4€8k€17k▲
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€8k€7k▼
Remuneration and social security454/9€300€2k▲
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20232024
Remuneration, social security and pensions62€185k€226k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€50k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-3k€2k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€512k€501k▼
Operating profit (loss)9901€262k€221k▼
Financial income75/76B€8k€12k▲
Recurring financial income75€8k€12k▲
Financial charges65/66B€10k€11k▲
Recurring financial charges65€10k€11k▲
Profit (loss) for the period before taxes9903€261k€222k▼
Income taxes67/77€77k€69k▼
Profit (loss) for the period9904€183k€153k▼
Profit (loss) for the period to be appropriated9905€183k€153k▼
Appropriation of the result
Profit (loss) to be appropriated9906€728k€732k▲
Profit (loss) brought forward from the previous period14P€545k€579k▲
Transfer to equity691/2€149k€153k▲
To other reserves6921€149k€153k▲
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
31-12
Financial
Highest result since 2018net €183k ▲79.1%
Operating result €262k, net result €183k, both a record.
31-12
Financial
Equity above €1MEq €1.06M ▲20.9%
6 profitable years in a row build equity to €1.06M.
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 87 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 11.75
Current ratio from 4.80 to 11.75; short-term debt falls from €100k to €49k.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 161 days late
2020
31-12
Financial
Weakest financial yearnet €3k ▼96.3%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
30-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
MANDERS Martinus Hubertus Antonius
CurrentDirector · since 03-03-2025
PAIC Jerosima
CurrentDirector · since 03-03-2025
03-03-2025
MANDERS Martinus Hubertus Antonius: Appointed as Director
03-03-2025
PAIC Jerosima: Appointed as Director
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 1995
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.
Geldmuntstraat 348000 BruggeGround area
96 m²
Building footprint
84 m²
Volume, LiDAR
867 m³
Parcel 31804D0699/00_000, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GELATO FRESCO DA VINCI
since 19952.071.405.504
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31804D0699/00_000 | Flanders | 96 m² | 1 · 84 m² | 13.1 m · 3 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.071.405.504
Similar companies · same sector, comparable size
TERNIER
BE 0415.752.985
Nieuwpoort · Eq €1.21M
BUYSSE MOBIELE SNACKS
BE 0859.748.612
Wetteren · Eq €1.21M
Hawaiian Ops BE
BE 0801.790.617
Antwerpen · Eq €1.20M
NIMA
BE 0451.936.361
Lanaken · Eq €1.23M
Aid - Habilux
BE 0454.687.005
Bastogne · Eq €1.24M
Of 21,633 companies in sector 56112 we hold annual accounts for 9,658. 2,150 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-04-1995
Fiscal year end31-12
Activities, NACEBEL
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
47241Retail sale of bread and pastry (bakery outlets)
52240
Sources
Crossroads Bank for EnterprisesNational Bank · 28 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.