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SYNAPTEK

Active
Private limited companyfounded 2025active for 1 yearTentoonstellingslaan 410, 1090 Jette, BelgiumKBO/BCE: BE 1020.517.796

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 30-06-2026 at the NBB

Turnover
≈ €180,000
Estimated: probably between €150,000 and €210,000
Total assets
€129,892
Net result
€80,812
Working capital
€83,812

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Equity and liabilities €129,892
Equity €83,812
Debt €46,080
Debt's share of the balance-sheet total is 35.5%.
Key figures and ratios
2025 value
Current ratio
2.82
Debt to equity
0.55
ROE
96.4%
ROA
62.2%
Debt ≤ 1 year
€46,080
Income taxes
€21,276
Staff costs
€1,100
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 26 lines
Balance sheet Code2025
Assets
Total assets20/58€129,892
Current assets29/58€129,892
Amounts receivable within one year40/41€37,601
Trade receivables40€37,601
Cash at bank and in hand54/58€92,292
Equity and liabilities
Total equity and liabilities10/49€129,892
Equity10/15€83,812
Contributions10/11€3,000
Profit (loss) carried forward14€80,812
Amounts payable17/49€46,080
Amounts payable within one year42/48€46,080
Taxes, remuneration and social security45€44,373
Taxes450/3€37,023
Remuneration and social security454/9€7,350
Other amounts payable47/48€1,707
Income statement Code2025
Remuneration, social security and pensions62€1,100
Other operating charges640/8€947
Gross operating margin9900€104,238
Operating profit (loss)9901€102,191
Financial charges65/66B€103
Recurring financial charges65€103
Profit (loss) for the period before taxes9903€102,088
Income taxes67/77€21,276
Profit (loss) for the period9904€80,812
Profit (loss) for the period to be appropriated9905€80,812
Appropriation of the result
Profit (loss) to be appropriated9906€80,812

The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.

Line2025
Remuneration, social security and pensions62€1,100
Other operating charges640/8€947
Gross operating margin9900€104,238
Operating profit (loss)9901€102,191
Financial charges65/66B€103
Recurring financial charges65€103
Profit (loss) for the period before taxes9903€102,088
Income taxes67/77€21,276
Profit (loss) for the period9904€80,812
Profit (loss) for the period to be appropriated9905€80,812
Line2025
Assets
Total assets20/58€129,892
Current assets29/58€129,892
Amounts receivable within one year40/41€37,601
Trade receivables40€37,601
Cash at bank and in hand54/58€92,292
Equity and liabilities
Total equity and liabilities10/49€129,892
Equity10/15€83,812
Contributions10/11€3,000
Profit (loss) carried forward14€80,812
Amounts payable17/49€46,080
Amounts payable within one year42/48€46,080
Taxes, remuneration and social security45€44,373
Taxes450/3€37,023
Remuneration and social security454/9€7,350
Other amounts payable47/48€1,707
Line2025
Profit (loss) for the period9904€80,812
Operating cash flow (approximation)€80,812

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 11,279 companies had the same profile as SYNAPTEK has now. Two years later, 96.6% were still going and 0.7% had gone bankrupt.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
96.6% was still going
2.6% stopped otherwise
0.7% went bankrupt

That fits the bankruptcy probability of SYNAPTEK itself: < 0.1% within 12 months.

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.

The companies in ten equal groups, from the lowest to the 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%

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 11,279 companies, not a prediction for SYNAPTEK. 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 (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 30-06-2026 2026-00221393 PDF

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