SYN-TECH
ActiveSummary
The computed 12-month bankruptcy probability of SYN-TECH is 2.7% (moderate). The annual accounts of SYN-TECH for fiscal year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €1,295 and a net result of -€1,877. Equity is shrinking by ~27.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 27% of 1917 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency49▼-31
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
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 1.31 against 2.17 in 2024; short-term debt: 76.4% and cash: 2.4% of total assets), and 76.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
23.6%
Return on assets
-34.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 6 filingsDeviation from the deadline
2025
18 d late
2024
6 d late
2023
40 d late
2022
21 d late
2021
17 d late
2020
26 d late
← 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 21 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1,295▼ 59.2%
2024 · €3,172
Total assets
€5,487▼ 4.3%
2024 · €5,735
Net result
-€1,877▲ 14.9%
2024 · -€2,206
Working capital
€1,286▼ 57.2%
2024 · €3,004
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,894€156▼ 97.4%-€1,267-€2,187▼ 72.6%-€1,874▲ 14.3%
Net result€5,412within the sector's middle half-€18below the sector's middle half-€1,360below the sector's middle half▼ 7,456%-€2,206below the sector's middle half▼ 62.2%-€1,877below the sector's middle half▲ 14.9%
Equity€6,756below the sector's middle half▲ 403%€6,738below the sector's middle half▼ 0.3%€5,378below the sector's middle half▼ 20.2%€3,172below the sector's middle half▼ 41.0%€1,295below the sector's middle half▼ 59.2%
Total assets€9,903below the sector's middle half▲ 183%€9,562below the sector's middle half▼ 3.4%€7,624below the sector's middle half▼ 20.3%€5,735below the sector's middle half▼ 24.8%€5,487below the sector's middle half▼ 4.3%
Debt€3,147▲ 45.6%€2,824▼ 10.3%€2,246▼ 20.5%€2,563▲ 14.1%€4,192▲ 63.6%
Working capital€6,075within the sector's middle half▲ 446%€6,228within the sector's middle half▲ 2.5%€5,039within the sector's middle half▼ 19.1%€3,004within the sector's middle half▼ 40.4%€1,286within the sector's middle half▼ 57.2%
Solvency68.2%above the sector's middle half70.5%above the sector's middle half▲ 2.2pp70.5%above the sector's middle half▲ 0.1pp55.3%within the sector's middle half▼ 15.2pp23.6%within the sector's middle half▼ 31.7pp
Current ratio2.93within the sector's middle half3.21above the sector's middle half▲ 0.273.24above the sector's middle half▲ 0.042.17within the sector's middle half▼ 1.071.31within the sector's middle half▼ 0.87
Return on assets (ROA)54.7%above the sector's middle half-0.2%below the sector's middle half▼ 54.8pp-17.8%below the sector's middle half▼ 17.7pp-38.5%below the sector's middle half▼ 20.6pp-34.2%below the sector's middle half▲ 4.3pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,874 in 2025 against €2,187 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5,487
Fixed assets
€9 ▼ 94.6%
Current assets
€5,478 ▼ 1.6%
Equity and liabilities €5,487
Equity
€1,295 ▼ 59.2%
Debt
€4,192 ▲ 63.6%
Debt's share of the balance-sheet total rises from 44.7% to 76.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1,715▲
2024 · -€2,016
Cash flow
-€1,718▲
2024 · -€2,035
Quick ratio
0.07▼
2024 · 0.11
Debt to equity
3.24▲
2024 · 0.81
ROE
-144.9%▼
2024 · -69.5%
Interest coverage
-571.67▼
2024 · -106.11
Debt ≤ 1 year
€4,192▲
2024 · €2,563
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,135 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
5.9%
went bankrupt
6.5%
stopped otherwise
86%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,135 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,250 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €163 | €171 | €171 | €171 | €159 | ▼ 7.0% |
| Other operating charges640/8 | €347 | €347 | €384 | €120 | €435 | ▲ 263% |
| Gross operating margin9900 | €6,404 | €674 | -€712 | -€1,896 | -€1,280 | ▲ 32.5% |
| Operating profit (loss)9901 | €5,894 | €156 | -€1,267 | -€2,187 | -€1,874 | ▲ 14.3% |
| Financial income75/76B | - | - | €1 | - | - | - |
| Recurring financial income75 | - | - | €1 | - | - | - |
| Financial charges65/66B | €381 | €174 | €94 | €19 | €3 | ▼ 84.2% |
| Recurring financial charges65 | €381 | €174 | €94 | €19 | €3 | ▼ 84.2% |
| Profit (loss) for the period before taxes9903 | €5,513 | -€18 | -€1,360 | -€2,206 | -€1,877 | ▲ 14.9% |
| Income taxes67/77 | €101 | - | - | - | - | - |
| Profit (loss) for the period9904 | €5,412 | -€18 | -€1,360 | -€2,206 | -€1,877 | ▲ 14.9% |
| Profit (loss) for the period to be appropriated9905 | €5,412 | -€18 | -€1,360 | -€2,206 | -€1,877 | ▲ 14.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9,903 | €9,562 | €7,624 | €5,735 | €5,487 | ▼ 4.3% |
| Fixed assets21/28 | €681 | €510 | €339 | €168 | €9 | ▼ 94.6% |
| Intangible fixed assets21 | €183 | €134 | €86 | €37 | - | - |
| Tangible fixed assets22/27 | €498 | €376 | €253 | €131 | €9 | ▼ 93.1% |
| Plant, machinery and equipment23 | €498 | €376 | €253 | €131 | €9 | ▼ 93.1% |
| Current assets29/58 | €9,222 | €9,052 | €7,285 | €5,567 | €5,478 | ▼ 1.6% |
| Stocks and contracts in progress3 | €4,616 | €4,671 | €6,620 | €5,287 | €5,171 | ▼ 2.2% |
| Stocks30/36 | €4,616 | €4,671 | €6,620 | €5,287 | €5,171 | ▼ 2.2% |
| Amounts receivable within one year40/41 | €926 | €1,425 | €449 | €91 | €177 | ▲ 94.5% |
| Trade receivables40 | €635 | €1,147 | - | - | - | - |
| Other amounts receivable41 | €291 | €278 | €449 | €91 | €177 | ▲ 94.5% |
| Cash at bank and in hand54/58 | €3,680 | €2,956 | €206 | €189 | €130 | ▼ 31.2% |
| Deferred charges and accrued income490/1 | - | - | €10 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9,903 | €9,562 | €7,624 | €5,735 | €5,487 | ▼ 4.3% |
| Equity10/15 | €6,756 | €6,738 | €5,378 | €3,172 | €1,295 | ▼ 59.2% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €2,756 | €2,738 | €1,378 | -€828 | -€2,705 | ▼ 227% |
| Amounts payable17/49 | €3,147 | €2,824 | €2,246 | €2,563 | €4,192 | ▲ 63.6% |
| Amounts payable within one year42/48 | €3,147 | €2,824 | €2,246 | €2,563 | €4,192 | ▲ 63.6% |
| Trade debts44 | €1,079 | €348 | €22 | €770 | €915 | ▲ 18.8% |
| Suppliers440/4 | €1,079 | €348 | €22 | €770 | €915 | ▲ 18.8% |
| Advances received on contracts in progress46 | - | €403 | €404 | - | - | - |
| Taxes, remuneration and social security45 | €101 | €123 | - | - | - | - |
| Taxes450/3 | €101 | €123 | - | - | - | - |
| Other amounts payable47/48 | €1,967 | €1,950 | €1,820 | €1,793 | €3,277 | ▲ 82.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,412 | -€18 | -€1,360 | -€2,206 | -€1,877 | ▲ 14.9% |
| + Depreciation and write-downs630 | €163 | €171 | €171 | €171 | €159 | ▼ 7.0% |
| Operating cash flow (approximation) | €5,575 | €153 | -€1,189 | -€2,035 | -€1,718 | ▲ 15.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€724 | -€2,750 | -€17 | -€59 | ▼ 247% |
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
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
31-12
Financial
Back to profitnet €5,412
Net result €5,412 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Engis · 1 establishment unit since 2020
Ground area
1,205 m²
Building footprint
159 m²
Volume, LiDAR
1,022 m³
Parcel 61027A0110/00P000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SYN-TECH
since 20202.304.069.110
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61027A0110/00P000 | Wallonia | 1,205 m² | 1 · 159 m² | 8.6 m · 2 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.
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Of 108 companies in sector 25639 we hold annual accounts for 81. 2 are within a factor 10 of this equity. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
25639Manufacture of fabricated metal products, except machinery and equipment
25999Manufacture of fabricated metal products, except machinery and equipment
46620Wholesale of machine tools
47120Other non-specialised retail sale
47521Retail sale of hardware, building materials, paint and glass (general range)
74140Other specialised design activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747654818
Also
9925:BE0747654818
Registered
30-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.