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Synbat

Active
Cooperative companyfounded 1995active for 31 yearsZwedenstraat 45, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0455.032.641
Summary

Synbat has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of €33,672. Its solvency ranks better than 54% of 5,756 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, full format

Turnover
€1.1m
EBIT margin
17.6%
Net result
€33,672
Working capital
€287,277
Balance-sheet composition
Assets €6.3m
Fixed assets €5.7m
Current assets €538,090
Equity and liabilities €6.3m
Equity €2.7m
Provisions €31,125
Debt €3.6m
Debt finances 56.8% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€605,830
Cash flow
€448,044
Current ratio
2.15
Debt to equity
1.33
ROE
1.3%
ROA
0.5%
Interest coverage
4.75
Debt ≤ 1 year
€250,813
Debt > 1 year
€3.3m
Income taxes
€30,198
Staff costs
€189,977

Peer companies

Historical observation

Of the 1,887 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97.9% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.1% went bankrupt
2.0% stopped otherwise
97.9% still going

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 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% 1.0%
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 1,887 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 · 53 lines
Balance sheet Code2025
Assets
Total assets20/58€6.3m
Fixed assets21/28€5.7m
Intangible fixed assets21€0.01m
Tangible fixed assets22/27€5.7m
Land and buildings22€4.8m
Plant, machinery and equipment23€0.009m
Other tangible fixed assets26€0.9m
Current assets29/58€0.5m
Amounts receivable within one year40/41€0.3m
Trade receivables40€0.01m
Other amounts receivable41€0.3m
Cash at bank and in hand54/58€0.3m
Deferred charges and accrued income490/1€0.02m
Equity and liabilities
Total equity and liabilities10/49€6.3m
Equity10/15€2.7m
Contributions10/11€1.6m
Contributions outside capital11€1.6m
Share premium1100/10€1.6m
Reserves13€2.8m
Non-distributable reserves130/1€2.8m
Legal reserve130€2.8m
Profit (loss) carried forward14-€1.7m
Provisions and deferred taxes16€0.03m
Deferred taxes168€0.03m
Amounts payable17/49€3.6m
Amounts payable after more than one year17€3.3m
Financial debts170/4€3.3m
Amounts payable within one year42/48€0.3m
Current portion of amounts payable after more than one year42€0.2m
Trade debts44€0.01m
Suppliers440/4€0.01m
Taxes, remuneration and social security45€0.04m
Taxes450/3€0.005m
Remuneration and social security454/9€0.03m
Accrued charges and deferred income492/3€49
Income statement Code2025
Turnover70€1.1m
Non-recurring operating income76A€0.003m
Goods, raw materials, services and sundry goods60/61€0.2m
Remuneration, social security and pensions62€0.2m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m
Provisions for liabilities and charges: additions (uses and reversals)635/8€0.005m
Other operating charges640/8€0.1m
Non-recurring operating charges66A€158
Gross operating margin9900€0.9m
Operating profit (loss)9901€0.2m
Financial charges65/66B€0.1m
Recurring financial charges65€0.1m
Profit (loss) for the period before taxes9903€0.06m
Income taxes67/77€0.03m
Profit (loss) for the period9904€0.03m
Profit (loss) for the period to be appropriated9905€0.03m
Appropriation of the result
Profit (loss) to be appropriated9906-€1.7m
Profit (loss) brought forward from the previous period14P-€1.8m

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Turnover70€1.1m
Non-recurring operating income76A€0.003m
Goods, raw materials, services and sundry goods60/61€0.2m
Remuneration, social security and pensions62€0.2m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m
Provisions for liabilities and charges: additions (uses and reversals)635/8€0.005m
Other operating charges640/8€0.1m
Non-recurring operating charges66A€158
Gross operating margin9900€0.9m
Operating profit (loss)9901€0.2m
Financial charges65/66B€0.1m
Recurring financial charges65€0.1m
Profit (loss) for the period before taxes9903€0.06m
Income taxes67/77€0.03m
Profit (loss) for the period9904€0.03m
Profit (loss) for the period to be appropriated9905€0.03m
Line2025
Assets
Total assets20/58€6.3m
Fixed assets21/28€5.7m
Intangible fixed assets21€0.01m
Tangible fixed assets22/27€5.7m
Land and buildings22€4.8m
Plant, machinery and equipment23€0.009m
Other tangible fixed assets26€0.9m
Current assets29/58€0.5m
Amounts receivable within one year40/41€0.3m
Trade receivables40€0.01m
Other amounts receivable41€0.3m
Cash at bank and in hand54/58€0.3m
Deferred charges and accrued income490/1€0.02m
Equity and liabilities
Total equity and liabilities10/49€6.3m
Equity10/15€2.7m
Contributions10/11€1.6m
Contributions outside capital11€1.6m
Share premium1100/10€1.6m
Reserves13€2.8m
Non-distributable reserves130/1€2.8m
Legal reserve130€2.8m
Profit (loss) carried forward14-€1.7m
Provisions and deferred taxes16€0.03m
Deferred taxes168€0.03m
Amounts payable17/49€3.6m
Amounts payable after more than one year17€3.3m
Financial debts170/4€3.3m
Amounts payable within one year42/48€0.3m
Current portion of amounts payable after more than one year42€0.2m
Trade debts44€0.01m
Suppliers440/4€0.01m
Taxes, remuneration and social security45€0.04m
Taxes450/3€0.005m
Remuneration and social security454/9€0.03m
Accrued charges and deferred income492/3€49
Line2025
Profit (loss) for the period9904€33,672
+ Depreciation and write-downs630€414,372
Operating cash flow (approximation)€448,044

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 (1)
Financial year Type Filed Reference
31-12-2025 full format 29-06-2026 2026-00227537

Similar companies · same sector, comparable size

Of the 3,676 active companies whose main activity is property management for co-owned buildings (syndics) (NACE 68321), figures are known for 1,380. 563 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

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