SYNAL
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-06-2024, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
33 d early
2022
146 d early
2021
122 d early
2020
53 d early
2019
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 59 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€217,019▲ 5.0%
2022 · €206,707
Total assets
€217,518▼ 21.5%
2022 · €277,255
Net result
€10,312▼ 74.6%
2022 · €40,584
Working capital
€147,516▼ 18.4%
2022 · €180,861
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€18,077▼ 18.6%€32,668▲ 80.7%€61,759▲ 89.0%€16,567▼ 73.2%-€34,508
Net result€9,702▼ 21.1%€25,790▲ 166%€79,454▲ 208%€40,584▼ 48.9%€10,312▼ 74.6%
Equity€81,782▲ 12.2%€93,673▲ 14.5%€157,190▲ 67.8%€206,707▲ 31.5%€217,019▲ 5.0%
Total assets€87,427▲ 3.7%€113,341▲ 29.6%€190,507▲ 68.1%€277,255▲ 45.5%€217,518▼ 21.5%
Debt€5,645▼ 50.7%€19,668▲ 248%€33,317▲ 69.4%€70,548▲ 112%€498▼ 99.3%
Working capital€25,884▲ 66.6%€39,235▲ 51.6%€91,131▲ 132%€180,861▲ 98.5%€147,516▼ 18.4%
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 2023: a loss of €34,508 after €16,567 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €217,518
Fixed assets
€69,564 ▼ 10.0%
Current assets
€147,954 ▼ 26.0%
Equity and liabilities €217,518
Equity
€217,019 ▲ 5.0%
Debt
€498 ▼ 99.3%
Debt's share of the balance-sheet total falls from 25.4% to 0.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€26,737▼
2022 · €24,338
Cash flow
€18,083▼
2022 · €48,355
Debt to equity
0.00▼
2022 · 0.34
ROE
4.8%▼
2022 · 19.6%
ROA
4.7%▼
2022 · 14.6%
Interest coverage
-203.61
Debt ≤ 1 year
€437▼
2022 · €19,059
Debt > 1 year
€0▼
2022 · €10,256
Income taxes
€118▼
2022 · €9,562
A ratio outside any meaningful range has been withheld (balance sheet total €217,518, equity €217,019).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,461 | €1,461 | €8,187 | €7,771 | €7,771 | = |
| Other operating charges640/8 | - | - | - | €782 | €802 | ▲ 2.6% |
| Gross operating margin9900 | €19,945 | €34,827 | €73,204 | €25,120 | -€25,934 | ▼ 203% |
| Operating profit (loss)9901 | €18,077 | €32,668 | €61,759 | €16,567 | -€34,508 | ▼ 308% |
| Financial income75/76B | - | - | - | €33,579 | €45,069 | ▲ 34.2% |
| Recurring financial income75 | €161 | €5,079 | €32,196 | €33,579 | €45,069 | ▲ 34.2% |
| Financial charges65/66B | - | - | - | - | €131 | - |
| Recurring financial charges65 | €52 | €17 | €75 | - | €131 | - |
| Profit (loss) for the period before taxes9903 | €18,185 | €37,730 | €93,880 | €50,146 | €10,430 | ▼ 79.2% |
| Income taxes67/77 | €8,483 | €11,940 | €14,425 | €9,562 | €118 | ▼ 98.8% |
| Profit (loss) for the period9904 | €9,702 | €25,790 | €79,454 | €40,584 | €10,312 | ▼ 74.6% |
| Profit (loss) for the period to be appropriated9905 | €9,702 | €25,790 | €79,454 | €40,584 | €10,312 | ▼ 74.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87,427 | €113,341 | €190,507 | €277,255 | €217,518 | ▼ 21.5% |
| Fixed assets21/28 | €55,898 | €54,438 | €85,106 | €77,335 | €69,564 | ▼ 10.0% |
| Tangible fixed assets22/27 | €2,898 | €1,438 | €32,106 | €24,335 | €16,564 | ▼ 31.9% |
| Furniture and vehicles24 | - | - | - | €24,335 | €16,564 | ▼ 31.9% |
| Financial fixed assets28 | €53,000 | €53,000 | €53,000 | €53,000 | €53,000 | = |
| Current assets29/58 | €31,529 | €58,903 | €105,401 | €199,920 | €147,954 | ▼ 26.0% |
| Amounts receivable within one year40/41 | €482 | €12,635 | €22,241 | €42,904 | €11,859 | ▼ 72.4% |
| Trade receivables40 | - | - | - | €13,413 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €29,491 | €11,859 | ▼ 59.8% |
| Cash at bank and in hand54/58 | €26,619 | €39,201 | €81,826 | €155,426 | €135,671 | ▼ 12.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1,590 | €423 | ▼ 73.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87,427 | €113,341 | €190,507 | €277,255 | €217,518 | ▼ 21.5% |
| Equity10/15 | €81,782 | €93,673 | €157,190 | €206,707 | €217,019 | ▲ 5.0% |
| Contributions10/11 | €12,400 | - | - | €16,740 | €16,740 | = |
| Reserves13 | €51,147 | €70,147 | €54,210 | €94,794 | €94,794 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €92,934 | €92,934 | = |
| Profit (loss) carried forward14 | €18,236 | €18,526 | €97,980 | €95,173 | €105,485 | ▲ 10.8% |
| Amounts payable17/49 | €5,645 | €19,668 | €33,317 | €70,548 | €498 | ▼ 99.3% |
| Amounts payable after more than one year17 | - | - | €19,046 | €10,256 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €10,256 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €5,645 | €19,668 | €14,270 | €19,059 | €437 | ▼ 97.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,791 | €0 | ▼ 100% |
| Trade debts44 | €2,267 | €470 | €31 | €5,035 | €437 | ▼ 91.3% |
| Suppliers440/4 | - | - | - | €5,035 | €437 | ▼ 91.3% |
| Taxes, remuneration and social security45 | - | - | - | €5,233 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €5,233 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €41,233 | €61 | ▼ 99.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,702 | €25,790 | €79,454 | €40,584 | €10,312 | ▼ 74.6% |
| + Depreciation and write-downs630 | €1,461 | €1,461 | €8,187 | €7,771 | €7,771 | = |
| Operating cash flow (approximation) | €11,163 | €27,251 | €87,641 | €48,355 | €18,083 | ▼ 62.6% |
| Investment in fixed assets (approximation) | - | €0 | -€38,855 | €0 | €0 | - |
| Change in cash | - | €12,582 | €42,625 | €73,600 | -€19,755 | ▼ 127% |
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
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 32current ratio 338.40
Current ratio from 10.49 to 338.40; short-term debt falls from €19,059 to €437.
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €206,707 ▲31.5%
5 profitable years in a row build equity to €206,707.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €79,454 ▲208%
Operating result €61,759, net result €79,454, both a record.
31-12
Financial
Liquidity doublescurrent ratio 7.39
Current ratio from 2.99 to 7.39; short-term debt falls from €19,668 to €14,270.
31-12
Financial
Equity above €150,000Eq €157,190 ▲67.8%
4 profitable years in a row build equity to €157,190.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
31-12
Financial
Weakest financial yearnet €9,702 ▼21.1%
Net result drops to €9,702, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 5.59
Current ratio from 2.36 to 5.59; short-term debt falls from €11,452 to €5,645.
Show earlier events
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
29.44%
According to the 2023 annual accounts of SYNAL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.