Age31 yrs
Real estate1 parcel · 1,010 m²
Summary
Conclusion
the dossier summarised in one paragraphSynbat has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.68M and a net result of €34k. Its solvency ranks better than 59% of 208 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 1 annual account.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 29-06-2026 | 32 d early | 2026-00227537 |
Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 1995, 31 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.1%
Very low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form
−Higher-failure-rate region
+Lower-failure-rate sector
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Timeline
What happened to this company, by date
State Gazette, CBE and NBB in one seriesA single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2026
29-06-2026 NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
06-06-2025 State Gazette act Capital & shares
Julien Vandenbulcke
22-04-2025 State Gazette act Statutes amendment
L'objet de la société a été modifié pour s'aligner sur les conditions d'agrément d'entreprise sociale, en définissant des finalités coopératives et des buts axés sur la protection des droits des trava… · Julien Vandenbulcke
24-03-2025 State Gazette act Miscellaneous
proposal
29-01-2025 State Gazette act Capital & shares
Julien Vandenbulcke
Financials
Turnover€1.09M
EBIT margin17.6%
Net result€34k
Working capital€287k
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 29-06-2026 with the NBB · fiscal year 2025 · full schema
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 42.7% | 32.2% | |
| Net result | €34k | €8k | |
| Equity | €2.68M | €503k | |
| Gross operating margin | €921k | €78k | |
| Staff costs | €190k | €187k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2025 |
|---|---|
| Deposit | full schema |
| Revenue | €1.09M |
| EBITDA | €606k |
| Net profit | €34k |
| Cash flow | €448k |
| Staff costs | €190k |
| Income taxes | €30k |
| Dividends | - |
| Total assets | €6.27M |
| Equity | €2.68M |
| Debt | €3.56M |
| of which ≤ 1y | €251k |
| of which > 1y | €3.31M |
| Working capital | €287k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 2.15 |
| Quick ratio | 2.15 |
| Working capital ratio | 4.6% |
| Solvency | 42.7% |
| Debt / equity | 1.33 |
| Long-term debt ratio | 1.24 |
| Interest coverage | 4.75 |
| Gross margin | 84.3% |
| Net margin | 3.1% |
| ROA | 0.5% |
| ROE | 1.3% |
| EBITDA margin | 55.6% |
| Days sales outstanding | 4d |
| Days payable outstanding | 24d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €6.27M |
| Fixed assets | 21/28 | €5.73M |
| Intangible fixed assets | 21 | €10k |
| Tangible fixed assets | 22/27 | €5.72M |
| Current assets | 29/58 | €538k |
| Amounts receivable within one year | 40/41 | €270k |
| Cash & bank | 54/58 | €252k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.27M |
| Equity | 10/15 | €2.68M |
| Contributions / capital | 10/11 | €1.60M |
| Reserves | 13 | €2.80M |
| Accumulated profits (losses) | 14 | €-1.72M |
| Provisions & deferred taxes | 16 | €31k |
| Amounts payable | 17/49 | €3.56M |
| Amounts payable after one year | 17 | €3.31M |
| Amounts payable within one year | 42/48 | €251k |
| Trade debts payable within one year | 44 | €11k |
| Income statement | ||
| Turnover | 70 | €1.09M |
| Gross operating margin | 9900 | €921k |
| Operating result | 9901 | €191k |
| Financial charges | 65 | €128k |
| Result before taxes | 9903 | €64k |
| Income taxes | 67/77 | €30k |
| Net result for the period | 9904 | €34k |
| Result to be appropriated | 9905 | €34k |
Ratios computed by Checked.
Health barometer
FY 2025 · computed87
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
no sitting director12 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Former directors (8)
-
CAPPOEN Jean-MichelDirectorState Gazette act 25014649 (29-01-2025)Former- → 29-01-2025
-
CROKAERT EricDirectorState Gazette act 25014649 (29-01-2025)Former- → 29-01-2025
-
DENAYS BenedicteDirectorState Gazette act 25014649 (29-01-2025)Former- → 29-01-2025
-
ENGELAAR BertDirectorState Gazette act 25014649 (29-01-2025)Former- → 29-01-2025
-
GEOFFREY RuelleDirectorState Gazette act 25014649 (29-01-2025)Former- → 29-01-2025
3 further former directors in the mandate history. Available in Kantoor S.
See plans →
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten van syndici van onroerend goed(68321) |
| Legal form | Cooperative company(706) |
| Incorporation | 15-01-1995 |
| Status | Active |
| Postal code | 1060 |
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationSynbat
since 20252.379.688.132
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,010 m²
Buildings1
Building footprint973 m²
Volume (LiDAR)12,794 m³
Tallest building20.5 m · ±4 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0346/00R005 | Brussels | 1,010 m² | 1 · 973 m² | 20.5 m · 4 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
4 acts Capital history · 2
06-06-2025
Capital change
29-01-2025
Capital change
All acts · 4
updated 1 year ago
2025
06-06-2025 Restructuring of share classes
Notary:
Julien Vandenbulcke · Bruxelles
22-04-2025 Articles of association amended, translation of the articles, coordination of the articles and full restatement of the articles
Summary:
L'objet de la société a été modifié pour s'aligner sur les conditions d'agrément d'entreprise sociale, en définissant des finalités coopératives et des buts axés sur la protection des droits des trava…Notary:
Julien Vandenbulcke · Bruxelles
24-03-2025 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
proposal
29-01-2025 Transaction in capital or shares
Notary:
Julien Vandenbulcke · Bruxelles
Analysis
Financial profile
4 of 5 axes measured77
/ 100
Strong profile, led by health.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
87
Profitability
49
Solvency
87
Growth
-
Stability
85
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 311 of the 3,759 companies in this sector. 68 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Activiteiten van syndici van onroerend goed68321
Primary activity highlighted.
Names & trade names
| Legal name | Synbat |
Registered office
Zwedenstraat 45
1060 Sint-Gillis (bij-Brussel), Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.