Synbat
ActiveSummary
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 5,766 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €2.7m
- Profit
- €33,672
- Board
- 16 members
- Holdings
- 1
Why 97raises riskLiquidity: current ratio 2.15, cash €252,487Legal form: cooperative companylowers riskSize: turnover €1.1m, total assets €6.3mFigures for financial year 2025 (filed 01-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, small): better than 61% on solvency, 79% on liquidity and 79% on profitability.
The bankruptcy probability was computed on 25-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · full…
- Withdrawal: Bert Engelaar (membre de l'assemblée…Resignation: Bert Engelaar (director) ·…
- Capital & shares · RestructuringMerger · Auditor report ·…
Financials · financial year 2025, full format
Peer companies
Historical observationOf 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
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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 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.
| Line | 2025 |
|---|---|
| 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 |
| Line | 2025 | |
|---|---|---|
| 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 | |
| Line | 2025 |
|---|---|
| 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.
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
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 16
Show all 16 directors
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Eric Crockaertfrom an act |
|
| Violaine Deneys |
|
| ALGEMENE CENTRALE BRUSSEL-VLAAMS BRABANT |
|
| BELGISCHE TRANSPORTBOND |
|
| C.G.S.P. - CENTRALE GENERALE DES SERVICES PUBLICS - Régionale de Bruxelles |
|
| Centrale de l'Industrie du Métal de Belgique,Fédération provinciale du Brabantfrom an act |
|
| Centrale Générale FGTB Section Régionale de Bruxelles-Vlaams Brabantfrom an act |
|
| CENTRE METALLURGIQUE BELGE FED. SYNDICALE METALLURGIQUE DU BRABANT |
|
| CGSP ACOD Bruxellesfrom an act |
|
| F.G.T.B. - Centrale des travailleurs de l'alimentation et de l'hotellerie - section Bruxelles |
|
| FGTB Alimentations-Horeca-Servicesfrom an act |
|
| FGTB BRUXELLES SERVICE SYNDICAL |
|
| Régionale FGTB de Bruxellesfrom an act |
|
| Syndicat des Employés, Technicien et Cadres de Bruxelles » |
|
| Union Belge du Transportfrom an act |
|
| COLLYNS Kim |
|
| C2 Réviseurs & Associés |
|
| Bert Engelaar |
|
| CAPPOEN Jean-Michel |
|
| Crokaert Eric |
|
| DENAYS Benedicte |
|
| GEOFFREY Ruelle |
|
| LAHOUARI Najar |
|
| LANGENUS Sandra |
|
| LEPOIVRE Florence |
|
| Christian Bouchat |
|
| Estelle Ceulemans |
|
| Rudy Janssens |
|
Owners and capital
Capital and shareholders
- ENGELAAR Bert 14 shares
- LEPOIVRE Florence 14 shares
- CAPPOEN Jean-Michel 14 shares
- CROKAERT Eric 14 shares
- LANGENUS Sandra 14 shares
- LAHOUARI Najar 14 shares
- DENAYS Benedicte 14 shares
- GEOFFREY Ruelle 14 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 24-03-2025 Capital stated in the deed · 112 shares
- 29-01-2025 Converted to unavailable equity · €2,123,834.76
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
share not stated
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
12 connected companiesShow 8 more companies with a shared director
Acquisitions and mergers
2 transactionsHistory
Acts, filings and financial milestones
17-06
Gazette deed
Withdrawal: Bert Engelaar (membre de l'assemblée générale)Resignation: Bert Engelaar (director) · Admission: Kim Collyns (membre de l'assemblée générale) · Appointment: Kim Collyns (director)6 facts ▸
- General meeting, 07-04-2025
- Member resignation, Bert Engelaar (membre de l'assemblée générale)
- Director resignation, Bert Engelaar (director)
- Director discharge, Bert Engelaar
- Member admission, Kim Collyns (membre de l'assemblée générale)
- Director appointment, Kim Collyns (director)
06-06
Gazette deed
Capital & shares · RestructuringMerger · Auditor report · Real estate20 facts ▸
- General meeting, 14-05-2025
- Merger, “adhésion au projet de fusion”, 10-02-2025 (deed in French)
- Other provision, “rapport d'apport de l'organe d'administration et dispense, organe d'administration” (deed in French)
- Auditor report, “rapport écrit concernant l'apport en nature à l'occasion de l'augmentation du patrimoine suite à la fusion, rapport du réviseur d'entreprises sur le projet de f…” (deed in French)
- Auditor report, EUR, “aucune constatation significative” (deed in French)
- Other provision, “acceptation des rapports, approbation des résolutions qu'ils contiennent” (deed in French)
- Other provision, “signature ne varietur des rapports, notaire soussigné et actionnaires représentés” (deed in French)
- Other provision, “absence de modification importante du patrimoine actif et passif, aucune modification importante” (deed in French)
- Other provision, “dispense de chiffres intermédiaires sur l'actif et le passif de la Société Absorbée, il n'y a pas lieu d'établir des chiffres intermédiaires” (deed in French)
- Merger, “universel, rémunération-attribution-échange” (deed in French)
- Real estate, “fusion, pleine propriété” (deed in French)
- Other provision, “droits spéciaux, actionnaires Société Absorbée” (deed in French)
- +8 further facts in this act
22-04
Gazette deed
Purpose · Amendment of the articles · Resignations & appointmentsGeneral meeting4 facts ▸
- General meeting, 02-04-2025
- Other provision, “première résolution:modification des statuts pour agrément comme entreprise sociale, satisfaire aux conditions pour obtenir l'agrément comme entreprise sociale” (deed in French)
- Other provision, “dispense de lecture du rapport sur modification finalité,but et objet, rapport de l'organe d'administration concernant la justification de la modification de la…” (deed in French)
- Other provision, “confirmation autres articles inchangés, Sixième résolution” (deed in French)
24-03
Gazette deed
RestructuringAppointment: C² Réviseurs & Associés (statutory auditor) · Merger · Accounting effect16 facts ▸
- Merger, 30-01-2025, “articles 12:2 et 12:24 à 12:35 du Code des Sociétés et Associations” (deed in French)
- Accounting effect, 01-01-2025
- Other provision, “modalités de remise des actions de la société absorbante, jour de la fusion” (deed in French)
- Other provision, “droit de participer aux bénéfices des nouvelles actions, opérations de la SC IMMOSYNBAT censées accomplies pour le compte de la SCES SYNBAT depuis le 1ier janvi…” (deed in French)
- Other provision, “droits spéciaux des associés” (deed in French)
- Other provision, “dispense de rapport article 12:26 sur le projet de fusion, tous les associés ou actionnaires et titulaires d'autres titres conférant le droit de vote de chacune…” (deed in French)
- Auditor appointment, C² Réviseurs & Associés
- Other provision, “avantages particuliers aux membres des organes d'administration, SCES SYNBAT et SC IMMOSYNBAT” (deed in French)
- Other provision, “tribunal de l'Entreprise de Bruxelles, dépôt du projet de fusion au greffe et publication” (deed in French)
- Other provision, 10-02-2025
- Capital (2 times)
- Director in office, Florence LEPOIVRE (administratrice déléguée)
- +4 further facts in this act
29-01
Gazette deed
Resignations: ENGELAAR Bert, LEPOIVRE Florence and 6 othersAppointments: Régionale FGTB de Bruxelles, CGSP ACOD Bruxelles and 5 others · Auditor report · Legal-form conversion26 facts ▸
- General meeting, 18-12-2024 (3 times)
- Auditor report, “évaluation de l'état résumant la situation active et passive”, EUR (deed in French)
- Legal-form conversion, “société coopérative agréée comme entreprise sociale” (deed in French)
- Capital conversion, “compte de réserve statutairement indisponible” (deed in French)
- Other provision, “membres désignés actionnaires de plein droit, attribution des actions” (deed in French)
- Shareholding, 14 (8 times)
- Other provision, “situation annexée au rapport de l'organe d'administration, numéro d'entreprise et base et effet de la transformation” (deed in French)
- Director resignation, ENGELAAR Bert (director)
- Director resignation, LEPOIVRE Florence (director)
- Director resignation, CAPPOEN Jean-Michel (director)
- Director resignation, CROKAERT Eric (director)
- Director resignation, LANGENUS Sandra (director)
- +14 further facts in this act
07-05
Gazette deed
Resignations: Estelle Ceulemans, Christian Bouchat and Rudy JanssensWithdrawals: Estelle Ceulemans, Christian Bouchat and Rudy Janssens · Appointments: Florence Lepoivre, Eric Crockaert and Violaine Deneys · Admissions: Florence Lepoivre, Eric Crockaert and Violaine Deneys21 facts ▸
- General meeting, 09-04-2024
- Director resignation, Estelle Ceulemans (director)
- Member resignation, Estelle Ceulemans (membre de l'assemblée générale)
- Director discharge, Estelle Ceulemans
- Director resignation, Christian Bouchat (director)
- Member resignation, Christian Bouchat (membre de l'assemblée générale)
- Director discharge, Christian Bouchat
- Director resignation, Rudy Janssens (director)
- Member resignation, Rudy Janssens (membre de l'assemblée générale)
- Director discharge, Rudy Janssens
- Director appointment, Florence Lepoivre (director)
- Member admission, Florence Lepoivre (membre de l'assemblée générale)
- +9 further facts in this act
About the unread acts
Of the 12 Belgian Official Gazette deeds we know for this company, 6 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Licences in the Official Gazette
1 publicationEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21562A0346/00R005 | Brussels | 1,010 m² | 1 · 973 m² | 20.5 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'achat, la vente, la revente, la location, la construction, la transformation, l'aménagement, la rénovation et la gestion, de tous biens…” (deed in French)deed of 24-03-2025
9 activities (deed in French)
- L'achat, la vente, la revente, la location, la construction, la transformation, l'aménagement, la rénovation et la gestion, de tous biens immeubles;
- La mise en valeur de tous biens immobiliers, et notamment la création de lotissement et le développement de celui-ci.
- Elle pourra en vue de ces opérations, acquérir, créer, louer, mettre en location ou leasing, exploiter et vendre tous immeubles, usines, carrières, magasins, établissements, matériels, moteurs et machines qu'elle jugera nécessaires ou utiles à la réalisation de son but.
- Elle a également vocation à offrir tous services aux occupants desdits immeubles et aux tiers.
- Elle dispose, d'une manière générale, d'une pleine capacité juridique pour accomplir tous les actes et opérations ayant un rapport direct ou indirect avec son objet ou qui seraient de nature à faciliter directement ou indirectement, entièrement ou partiellement, la réalisation de cet objet.
- Elle peut s'intéresser par voie d'association, d'apport, de fusion, d'intervention financière ou autrement dans toutes sociétés, associations ou entreprises dont l'objet est identique, analogue ou connexe au sien ou susceptible de favoriser les activités économiques et/ou sociales décrites ci-avant.
- Elle peut exercer les fonctions d'administrateur ou liquidateur dans d'autres sociétés.
- La société peut se porter garant ou fournir des sûretés réelles pour des sociétés ou des personnes privées, au sens le plus large.
- Au cas où la prestation de certains actes serait soumise à des conditions préalables d'accès à la profession, la société subordonnera son action, en ce qui concerne la prestation de ces actes, à la réalisation de ces conditions.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimiteddeed of 29-01-2025
- Name clauseThe name the company operates under according to its articles.
- SYNBATdeed of 29-01-2025
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Sans changement en matière de régime linguistique, Région de Bruxelles-Capitale” (deed in French)deed of 29-01-2025
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 20. Représentation, acte et actions judiciaires La société est représentée dans les actes, y compris ceux où interviennent un…”deed of 29-01-2025
- Board ruleHow the board is made up, meets and takes decisions.
- “Administrateur, gratuit” (deed in French)deed of 22-04-2025
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Même classe que actions existantes, Article 7” (deed in French)
- Membership ruleWho can become a member or partner, and on what terms.
- “Souscrire ou acquérir, Article 11” (deed in French)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Wednesday of June at 11:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Assemblée générale, administrateurs en fonction si aucun autre désigné” (deed in French)