SYNAPPAR
ActiveSummary
The annual accounts of SYNAPPAR for financial 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 has been growing by about 28% per year since 2018. Its solvency ranks better than 68% of 4,342 sector peers (NACE 74, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-01-2018 Normal situation
- Activity
- Other professional, scientific and technical activities NACE 74999
- Establishment unit
- 2.272.281.220 2491 Balen, since 15-01-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 14-08-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- -€40,521
- Loss
- €40,989
- Equity
- €41,093
- ▼ 49.9%
- Total assets
- €60,827
- ▼ 30.9%
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €40,989 (financial year 2025)lowers riskLiquidity: current ratio 3.08, cash €41,479Sector: Other professional, scientific and technical activities (NACE 74)Size: total assets €60,827Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 74, micro). It does better than 69% of them on solvency, 78% on liquidity, 7% on profitability and 14% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 17-07-2026 at the NBB all 8 filings
Every figure per financial year
The operating result for 2025 is a loss of €41,272, after a profit of €28,862 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,842 | - | - | - |
| Depreciation and write-downs of the year | €2,067 | €1,614 | €1,659 | €614 | €45 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €2,254 awarded · €2,106 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €531 | €383 |
| 2024 | 1 | €162 | €162 |
| 2023 | 1 | €1,410 | €1,410 |
| 2022 | 1 | €151 | €151 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €803 | €2,871 | €2,871 | €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 | -€413 | €14,991 | €6,851 | €15,832 | €33,328 | €9,350 | €30,413 | -€40,521 | - |
| Operating profit (loss)9901 | -€1,216 | €12,023 | €3,881 | €13,316 | €30,217 | €7,129 | €28,862 | -€41,272 | - |
| Financial income75/76B | - | - | - | €0 | - | - | €169 | €293 | ▲ 73.8% |
| Recurring financial income75 | €9 | - | €0 | €0 | - | - | €169 | €293 | ▲ 73.8% |
| Financial charges65/66B | - | - | - | €64 | €64 | €75 | €77 | €10 | ▼ 86.7% |
| Recurring financial charges65 | €32 | €40 | €51 | €64 | €64 | €75 | €77 | €10 | ▼ 86.7% |
| Profit (loss) for the period before taxes9903 | -€1,240 | €11,983 | €3,829 | €13,251 | €30,152 | €7,055 | €28,953 | -€40,989 | - |
| Income taxes67/77 | - | €2,942 | €1,370 | €3,732 | €10,133 | €2,943 | €9,383 | - | - |
| Profit (loss) for the period9904 | -€1,240 | €9,041 | €2,459 | €9,519 | €20,019 | €4,112 | €19,570 | -€40,989 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,240 | €9,041 | €2,459 | €9,519 | €20,019 | €4,112 | €19,570 | -€40,989 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €9,900 | €29,540 | €36,830 | €40,973 | €65,828 | €77,254 | €88,009 | €60,827 | ▼ 30.9% |
| Fixed assets21/28 | €1,607 | €7,029 | €4,158 | €2,091 | €2,319 | €659 | €45 | - | - |
| Tangible fixed assets22/27 | €1,607 | €7,029 | €4,158 | €2,091 | €2,319 | €659 | €45 | - | - |
| Plant, machinery and equipment23 | - | - | - | €2,091 | €1,045 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €1,273 | €659 | €45 | - | - |
| Current assets29/58 | €8,293 | €22,511 | €32,672 | €38,883 | €63,509 | €76,595 | €87,963 | €60,827 | ▼ 30.8% |
| Amounts receivable within one year40/41 | - | €877 | €778 | €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 | €8,293 | €21,634 | €29,954 | €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 | €9,900 | €29,540 | €36,830 | €40,973 | €65,828 | €77,254 | €88,009 | €60,827 | ▼ 30.9% |
| Equity10/15 | €9,610 | €26,402 | €28,861 | €38,380 | €58,399 | €62,511 | €82,081 | €41,093 | ▼ 49.9% |
| Contributions10/11 | €10,850 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | €7,802 | €10,261 | €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 | -€1,240 | - | - | - | - | - | - | -€40,989 | - |
| Amounts payable17/49 | €290 | €3,139 | €7,970 | €2,594 | €7,429 | €14,744 | €5,928 | €19,735 | ▲ 233% |
| Amounts payable within one year42/48 | €290 | €3,139 | €7,970 | €2,594 | €7,429 | €14,744 | €5,928 | €19,735 | ▲ 233% |
| Trade debts44 | €63 | - | €1,786 | €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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,240 | €9,041 | €2,459 | €9,519 | €20,019 | €4,112 | €19,570 | -€40,989 | - |
| + Depreciation and write-downs630 | €803 | €2,871 | €2,871 | €2,067 | €1,614 | €1,659 | €614 | €45 | ▼ 92.6% |
| Operating cash flow (approximation) | -€436 | €11,912 | €5,330 | €11,586 | €21,633 | €5,771 | €20,185 | -€40,943 | - |
| Investment in fixed assets (approximation) | - | -€8,293 | €0 | €0 | -€1,842 | €0 | €0 | - | - |
| Change in cash | - | €13,341 | €8,320 | €4,535 | €18,046 | €15,926 | €665 | -€27,648 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,591 companies had the same profile as SYNAPPAR has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SYNAPPAR itself is lower: 0.1% within 12 months. It rests on far more data about SYNAPPAR than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,591 companies, not a prediction for SYNAPPAR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 17-07-2026 | 2026-00308950 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00230812 | |
| 31-12-2023 | micro format | 10-07-2024 | 2024-00246795 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00299563 | |
| 31-12-2021 | micro format | 30-07-2022 | 2022-20252039 | |
| 31-12-2020 | micro format | 08-07-2021 | 2021-33800010 | |
| 31-12-2019 | micro format | 01-07-2020 | 2020-26100113 | |
| 31-12-2018 | micro format | 01-07-2019 | 2019-26500383 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 16-11-2023 Converted to unavailable equity · €18,991
Network & group
SYNAPPAR shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of SYNAPPAR. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
12-09
Gazette deed
Registered office moved within BalenNew seat: Oosthamsesteenweg 118, 2491 Balen · Previous seat: Oosthamsesteenweg 70, 2491 Balen2 points ▸
- General meeting, 01-02-2024
- Registered-office move, Oosthamsesteenweg 118,2491 Balen
16-11
Gazette deed
Resignation: WOUTERS Dirk Vincent Regina (director)Appointment: WOUTERS Dirk Vincent Regina (director) · Purpose change · Amendment of the articles14 points ▸
- General meeting, 08-11-2023
- Other provision, “kennisname verslag voorwerpwijziging, exemplaar neer te leggen in vennootschapsdossier” (deed in Dutch)
- Purpose change
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “opheffing statutair onbeschikbare eigen vermogensrekening, middelen beschikbaar voor uitkering” (deed in Dutch)
- Other provision, “ongewijzigde elementen en nieuwe statuten, doel naar voorwerp” (deed in Dutch)
- Capital
- Power of attorney, Philip Wouters
- Director resignation, WOUTERS Dirk Vincent Regina
- Director appointment, WOUTERS Dirk Vincent Regina (director (not named in the articles))
- Director discharge, WOUTERS Dirk Vincent Regina
- The act holds 2 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
17 activities
- Aankoop en verkoop,verkaveling,ruiling,huren en verhuren van gebouwde en ongebouwde onroerende goederen,bouwen,restaureren en omvormen,expertise en het beheer van alle onroerende goederen,syndicusschap van gemeenschappelijke delen van appartementsgebouwen en alle andere vormen van mede-eigendom,alsmede alle tussenkomsten in verband met dusdanige verrichtingen en in het algemeen alle verrichtingen betrekking hebbende op onroerende goederen;
- Adviserende en coördinerende taken uitvoeren wat betreft onderhoud en herstellen van roerende en onroerende goederen en dit in de ruimste zin;
- Het aanbieden van ontzorgende diensten met betrekking tot onroerende goederen;
- Het opstellen,laten aanvaarden en registreren van plaatsbeschrijvingen;
- Overige rechtskundige dienstverlening;
- De vennootschap kan functies of mandaten van bestuurder,beheerder,directeur,jurylid,commissaris of vereffenaar in andere vennootschappen,verenigingen of instellingen waarnemen;
- De vennootschap mag,in België en in het buitenland,alle industriële,handels,financiële,roerende en onroerende verrichtingen verwezenlijken die rechtstreeks of onrechtstreeks haar onderneming kunnen uitbreiden of bevorderen.Zij mag alle roerende en onroerende goederen verwerven,zelfs als deze noch rechtstreeks,noch onrechtstreeks verband houden met het voorwerp van de vennootschap;
- De vennootschap kan,op welke wijze ook,belangen nemen in alle verenigingen,zaken,ondernemingen of vennootschappen die eenzelfde,gelijkaardig of verwant voorwerp nastreven of die haar onderneming kunnen bevorderen of de afzet van haar producten of diensten kunnen vergemakkelijken,en ze kan ermee samenwerken of fusioneren;
- Het verlenen van administratieve diensten aan derden,fysieke personen of rechtspersonen;
- Alle verrichtingen als bouwpromotor,onder meer het zelf oprichten of laten oprichten en/of het verbouwen van gebouwen,dit alles voor eigen rekening als voor rekening van derden;
- Het geven van adviezen en het uitvoeren van studieopdrachten als afkoppelingsdeskundige rioleringen;
- Al wat daarmede rechtstreeks of onrechtstreeks verband houdt.
- Alle commerciële en financiële,roerende en onroerende verrichtingen doen,zowel in België als in het buitenland,die bijdragen tot verwezenlijking en uitbreiding van voorwerp of maatschappelijke bedrijvigheid kunnen vergemakkelijken.
- Rechtstreeks of onrechtstreeks belangen nemen in alle ondernemingen waarvan voorwerp gelijkaardig of verwant is,en aldus door inbreng,fusie,onderschrijving,of op elke andere wijze deelnemen in bestaande of te creëren vennootschappen en ondernemingen met gelijkaardig of verwant voorwerp.
- Zich borg stellen en onroerende goederen in pand geven of hypothekeren voor verbintenissen door derde personen aangegaan.
- Al haar andere goederen,met inbegrip van het handelsfonds,in pand geven en aval verlenen in voordeel van derden.
- Functies van bestuurder,commissaris of vereffenaar van andere vennootschappen uitoefenen.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13030D0121/00A000 | Flanders | 4,221 m² | 1 · 431 m² | 7.5 m · 1 |
| 13030D0087/02F000 | Flanders | 1,907 m² | 1 · 191 m² | 9.4 m · 1 |