SYNAPPAR
ActiveSummary
The annual accounts of SYNAPPAR for fiscal year 2025 show a net loss of 67% of total assets. The 2025 annual accounts show equity of €41,093 and a net result of -€40,989. Equity is growing by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 67% of 3494 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-97
Solvency93▼-7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days 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 ample (current ratio 3.08 against 14.84 in 2024; short-term debt: 32.4% and cash: 68.2% of total assets), and 32.4% of the assets are financed with debt.
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Signals
Four 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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer 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
67.6%
Return on assets
-67.4%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
14 d early
2024
29 d early
2023
21 d early
2022
3 d early
2021
1 d early
2020
23 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€41,093▼ 49.9%
2024 · €82,081
Total assets
€60,827▼ 30.9%
2024 · €88,009
Net result
-€40,989
2024 · €19,570
Working capital
€41,093▼ 49.9%
2024 · €82,036
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
Line20212022202320242025
Operating result€13,316▲ 243%€30,217▲ 127%€7,129▼ 76.4%€28,862▲ 305%-€41,272
Net result€9,519▲ 287%€20,019▲ 110%€4,112▼ 79.5%€19,570▲ 376%-€40,989
Equity€38,380▲ 33.0%€58,399▲ 52.2%€62,511▲ 7.0%€82,081▲ 31.3%€41,093▼ 49.9%
Total assets€40,973▲ 11.2%€65,828▲ 60.7%€77,254▲ 17.4%€88,009▲ 13.9%€60,827▼ 30.9%
Debt€2,594▼ 67.5%€7,429▲ 186%€14,744▲ 98.5%€5,928▼ 59.8%€19,735▲ 233%
Working capital€36,289▲ 46.9%€56,080▲ 54.5%€61,851▲ 10.3%€82,036▲ 32.6%€41,093▼ 49.9%
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 2025: a loss of €41,272 after €28,862 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €60,827
Equity
€41,093 ▼ 49.9%
Debt
€19,735 ▲ 233%
Debt's share of the balance-sheet total rises from 6.7% to 32.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€41,226▼
2024 · €29,476
Cash flow
-€40,943▼
2024 · €20,185
Current ratio
3.08▼
2024 · 14.84
Debt to equity
0.48▲
2024 · 0.07
ROE
-99.7%▼
2024 · 23.8%
ROA
-67.4%▼
2024 · 22.2%
Interest coverage
-3994.79▼
2024 · 381.17
Debt ≤ 1 year
€19,735▲
2024 · €5,928
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,067 | €1,614 | €1,659 | €614 | €45 | ▼ 92.6% |
| Other operating charges640/8 | €449 | €1,497 | €561 | €938 | €705 | ▼ 24.8% |
| Gross operating margin9900 | €15,832 | €33,328 | €9,350 | €30,413 | -€40,521 | ▼ 233% |
| Operating profit (loss)9901 | €13,316 | €30,217 | €7,129 | €28,862 | -€41,272 | ▼ 243% |
| Financial income75/76B | €0 | - | - | €169 | €293 | ▲ 73.8% |
| Recurring financial income75 | €0 | - | - | €169 | €293 | ▲ 73.8% |
| Financial charges65/66B | €64 | €64 | €75 | €77 | €10 | ▼ 86.7% |
| Recurring financial charges65 | €64 | €64 | €75 | €77 | €10 | ▼ 86.7% |
| Profit (loss) for the period before taxes9903 | €13,251 | €30,152 | €7,055 | €28,953 | -€40,989 | ▼ 242% |
| Income taxes67/77 | €3,732 | €10,133 | €2,943 | €9,383 | - | - |
| Profit (loss) for the period9904 | €9,519 | €20,019 | €4,112 | €19,570 | -€40,989 | ▼ 309% |
| Profit (loss) for the period to be appropriated9905 | €9,519 | €20,019 | €4,112 | €19,570 | -€40,989 | ▼ 309% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40,973 | €65,828 | €77,254 | €88,009 | €60,827 | ▼ 30.9% |
| Fixed assets21/28 | €2,091 | €2,319 | €659 | €45 | - | - |
| Tangible fixed assets22/27 | €2,091 | €2,319 | €659 | €45 | - | - |
| Plant, machinery and equipment23 | €2,091 | €1,045 | - | - | - | - |
| Furniture and vehicles24 | - | €1,273 | €659 | €45 | - | - |
| Current assets29/58 | €38,883 | €63,509 | €76,595 | €87,963 | €60,827 | ▼ 30.8% |
| Amounts receivable within one year40/41 | €4,311 | €10,968 | €7,824 | €18,837 | €18,631 | ▼ 1.1% |
| Trade receivables40 | €1,043 | €7,363 | €3,265 | €7,841 | €9,665 | ▲ 23.3% |
| Other amounts receivable41 | €3,268 | €3,605 | €4,559 | €10,996 | €8,966 | ▼ 18.5% |
| Cash at bank and in hand54/58 | €34,489 | €52,535 | €68,461 | €69,126 | €41,479 | ▼ 40.0% |
| Deferred charges and accrued income490/1 | €83 | €7 | €310 | - | €717 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40,973 | €65,828 | €77,254 | €88,009 | €60,827 | ▼ 30.9% |
| Equity10/15 | €38,380 | €58,399 | €62,511 | €82,081 | €41,093 | ▼ 49.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €19,780 | €39,799 | €43,911 | €63,481 | €63,481 | = |
| Non-distributable reserves130/1 | €391 | €391 | - | - | - | - |
| Reserves not available under the articles1311 | €391 | €391 | - | - | - | - |
| Distributable reserves133 | €19,389 | €39,408 | €43,911 | €63,481 | €63,481 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€40,989 | - |
| Amounts payable17/49 | €2,594 | €7,429 | €14,744 | €5,928 | €19,735 | ▲ 233% |
| Amounts payable within one year42/48 | €2,594 | €7,429 | €14,744 | €5,928 | €19,735 | ▲ 233% |
| Trade debts44 | €614 | €1,375 | €1,497 | €4,250 | €15,639 | ▲ 268% |
| Suppliers440/4 | €614 | €1,375 | €1,497 | €4,250 | €15,639 | ▲ 268% |
| Taxes, remuneration and social security45 | €1,370 | €5,185 | €641 | €545 | €3,485 | ▲ 540% |
| Taxes450/3 | €1,370 | €5,185 | €641 | €545 | €3,485 | ▲ 540% |
| Other amounts payable47/48 | €609 | €869 | €12,606 | €1,133 | €610 | ▼ 46.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,519 | €20,019 | €4,112 | €19,570 | -€40,989 | ▼ 309% |
| + Depreciation and write-downs630 | €2,067 | €1,614 | €1,659 | €614 | €45 | ▼ 92.6% |
| Operating cash flow (approximation) | €11,586 | €21,633 | €5,771 | €20,185 | -€40,943 | ▼ 303% |
| Investment in fixed assets (approximation) | - | -€1,842 | €0 | €0 | - | - |
| Change in cash | - | €18,046 | €15,926 | €665 | -€27,648 | ▼ 4,257% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€40,989
Net result drops to -€40,989, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 14.84
Current ratio from 5.20 to 14.84; short-term debt falls from €14,744 to €5,928.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €20,019 ▲110%
Operating result €30,217, net result €20,019, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 14.99
Current ratio from 4.10 to 14.99; short-term debt falls from €7,970 to €2,594.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €9,041
Net result €9,041 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · 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, Balen · 1 establishment unit since 2018
Ground area
6,128 m²
Building footprint
622 m²
Volume, LiDAR
3,124 m³
2 parcels, Flanders · tallest building 9.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SYNAPPAR
since 20182.272.281.220
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13030D0121/00A000 | Flanders | 4,221 m² | 1 · 431 m² | 7.5 m · 1 fl. |
| 13030D0087/02F000 | Flanders | 1,907 m² | 1 · 191 m² | 9.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2022 to 2025 · 4 entries · 2,254 EUR awarded · 2,106 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 531 EUR | 383 EUR |
| 2024 | 1 | 162 EUR | 162 EUR |
| 2023 | 1 | 1,410 EUR | 1,410 EUR |
| 2022 | 1 | 151 EUR | 151 EUR |
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Of 4,563 companies in sector 74999 we hold annual accounts for 1,935. 1,492 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
Founded15-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
Scores and ratios are computed by Checked and are not a credit decision.