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SYNAPSE

Active
Private limited companyfounded 2024active for 2 yearsAchilles Musschestraat 137, 9000 Gent, BelgiumKBO/BCE: BE 1009.112.081
Summary

SYNAPSE has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127,632 and a net result of €95,885. The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · financial year 2025, micro format

Equity
€127,632▲ 302%
2024 · €31,747
Total assets
€141,333▲ 215%
2024 · €44,922
Net result
€95,885▲ 258%
2024 · €26,747
Working capital
€125,177▲ 335%
2024 · €28,800
Trend over the years

2024 to 2025, 2 financial years

The operating result rises in 2025; 2025 is over 3.6 times 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€124,003 2025 Net result€95,885 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€34,128-€124,003▲ 263%
Net result€26,747-€95,885▲ 258%
Equity€31,747-€127,632▲ 302%
Total assets€44,922-€141,333▲ 215%
Debt€13,176-€13,701▲ 4.0%
Working capital€28,800-€125,177▲ 335%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €141,333
Fixed assets €3,159 ▲ 7.2%
Current assets €138,174 ▲ 229%
Equity and liabilities €141,333
Equity €127,632 ▲ 302%
Debt €13,701 ▲ 4.0%
Debt's share of the balance-sheet total falls from 29.3% to 9.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€125,117▲
2024 · €34,396
Cash flow
€97,000▲
2024 · €27,014
Current ratio
10.63▲
2024 · 3.19
Debt to equity
0.11▼
2024 · 0.42
ROE
75.1%▼
2024 · 84.3%
ROA
67.8%▲
2024 · 59.5%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€12,996▼
2024 · €13,176
Income taxes
€27,358▲
2024 · €7,351
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.8% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€44,922€141,333▲
Fixed assets21/28€2,946€3,159▲
Tangible fixed assets22/27€2,946€3,159▲
Furniture and vehicles24€2,946€3,159▲
Current assets29/58€41,976€138,174▲
Amounts receivable within one year40/41€125€942▲
Trade receivables40€125-
Other amounts receivable41-€942
Cash at bank and in hand54/58€27,483€117,164▲
Deferred charges and accrued income490/1€14,368€20,068▲
Equity and liabilities
Total equity and liabilities10/49€44,922€141,333▲
Equity10/15€31,747€127,632▲
Contributions10/11€5,000€5,000=
Reserves13€26,747€122,632▲
Distributable reserves133€26,747€122,632▲
Amounts payable17/49€13,176€13,701▲
Amounts payable within one year42/48€13,176€12,996▼
Trade debts44€1,447€713▼
Suppliers440/4€1,447€713▼
Taxes, remuneration and social security45€2,626€1,375▼
Taxes450/3€2,626€1,375▼
Other amounts payable47/48€9,103€10,909▲
Accrued charges and deferred income492/3-€705
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€268€1,115▲
Other operating charges640/8€562€209▼
Gross operating margin9900€34,957€125,326▲
Operating profit (loss)9901€34,128€124,003▲
Financial charges65/66B€31€759▲
Recurring financial charges65€31€759▲
Profit (loss) for the period before taxes9903€34,097€123,243▲
Income taxes67/77€7,351€27,358▲
Profit (loss) for the period9904€26,747€95,885▲
Profit (loss) for the period to be appropriated9905€26,747€95,885▲
Appropriation of the result
Profit (loss) to be appropriated9906€26,747€95,885▲
Transfer to equity691/2€26,747€95,885▲
To other reserves6921€26,747€95,885▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€268€1,115▲ 316%
Other operating charges640/8€562€209▼ 62.9%
Gross operating margin9900€34,957€125,326▲ 259%
Operating profit (loss)9901€34,128€124,003▲ 263%
Financial charges65/66B€31€759▲ 25×
Recurring financial charges65€31€759▲ 25×
Profit (loss) for the period before taxes9903€34,097€123,243▲ 261%
Income taxes67/77€7,351€27,358▲ 272%
Profit (loss) for the period9904€26,747€95,885▲ 258%
Profit (loss) for the period to be appropriated9905€26,747€95,885▲ 258%
Line20242025Change
Assets
Total assets20/58€44,922€141,333▲ 215%
Fixed assets21/28€2,946€3,159▲ 7.2%
Tangible fixed assets22/27€2,946€3,159▲ 7.2%
Furniture and vehicles24€2,946€3,159▲ 7.2%
Current assets29/58€41,976€138,174▲ 229%
Amounts receivable within one year40/41€125€942▲ 654%
Trade receivables40€125--
Other amounts receivable41-€942-
Cash at bank and in hand54/58€27,483€117,164▲ 326%
Deferred charges and accrued income490/1€14,368€20,068▲ 39.7%
Equity and liabilities
Total equity and liabilities10/49€44,922€141,333▲ 215%
Equity10/15€31,747€127,632▲ 302%
Contributions10/11€5,000€5,000=
Reserves13€26,747€122,632▲ 358%
Distributable reserves133€26,747€122,632▲ 358%
Amounts payable17/49€13,176€13,701▲ 4.0%
Amounts payable within one year42/48€13,176€12,996▼ 1.4%
Trade debts44€1,447€713▼ 50.8%
Suppliers440/4€1,447€713▼ 50.8%
Taxes, remuneration and social security45€2,626€1,375▼ 47.6%
Taxes450/3€2,626€1,375▼ 47.6%
Other amounts payable47/48€9,103€10,909▲ 19.8%
Accrued charges and deferred income492/3-€705-
Line20242025Change
Profit (loss) for the period9904€26,747€95,885▲ 258%
+ Depreciation and write-downs630€268€1,115▲ 316%
Operating cash flow (approximation)€27,014€97,000▲ 259%
Investment in fixed assets (approximation)--€1,328-
Change in cash-€89,681-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2025 micro format 27-07-2026 2026-00377826
31-12-2024 micro format 22-09-2025 2025-00511242

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.