Active BE 0539.725.321Private limited company

SYNC

Molenveld(O) 2 ·9290 Berlare, Belgium· 12 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

SYNC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €2.55M and a net result of €655k. Equity is growing by ~30.8% per year across the filed fiscal years. Its solvency ranks better than 77% of 6148 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€2.55M
Net result	€655k
Better than sector	77%
Active	12 yrs

Financial profile 4 of 5 axes measured · computed by Checked

90 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 100

Solvency 81

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2013, 12 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 Flags0 events

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.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview11 NBB filings

Annual accounts filed on 19-06-2025 with the NBB · fiscal year 2024 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Net result: growth of ~18.5%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	81.1%	52.2%	better than 77% of 6148 sector peers
Net result	€655k	€54k	better than 90% of 6146 sector peers
Equity	€2.55M	€677k	better than 77% of 6149 sector peers
Gross operating margin	€143k	€93k	better than 61% of 6140 sector peers
Total assets	€3.14M	€1.70M	better than 67% of 6148 sector peers

Net profit

€655k

-24.4% 21-24

Total assets

€3.14M

+61.7% 21-24

Equity

€2.55M

+34.6% 21-24

Income taxes

€26k

-83.9% 21-24

Dividends

€331k

+44.1% 21-24

Debt

€595k

+1064.0% 21-24

Debt ≤ 1y

€110k

+136.6% 21-24

Debt > 1y

€485k

+10040.9% 21-24

Solvency

81.1%

-16.7% 21-24

ROE

25.7%

-43.9% 21-24

ROA

20.9%

-53.3% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a
Net profit	€655k	€867k	€342k	€489k
Cash flow	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-
Income taxes	€26k	€161k	€12k	€17k
Dividends	-	€331k	€230k	€118k
Total assets	€3.14M	€1.94M	€2.10M	€1.97M
Equity	€2.55M	€1.89M	€1.35M	€1.24M
Debt	€595k	€51k	€745k	€725k
of which ≤ 1y	€110k	€46k	€51k	€84k
of which > 1y	€485k	€5k	€657k	€624k
Working capital	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a
Solvency	81.1%	97.4%	64.5%	63.1%
Debt / equity	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a
ROA	20.9%	44.7%	16.3%	24.8%
ROE	25.7%	45.9%	25.3%	39.4%
EBITDA margin	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a

Balance-sheet composition 2024

Assets

Fixed assets €3.01M · 96.0% Current assets €125k · 4.0%

Equity & liabilities

Equity €2.55M · 81.1% Debt €595k · 18.9%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€3.14M	€1.94M	€2.10M	€1.97M
Fixed assets	21/28	€3.01M	€1.89M	€1.89M	€1.85M
Tangible fixed assets	22/27	€81k	€91k	€86k	€52k
Financial fixed assets	28	€2.93M	€1.80M	€1.80M	€1.80M
Current assets	29/58	€125k	€51k	€215k	€116k
Amounts receivable within one year	40/41	€7k	€5k	€143k	€111k
Cash & bank	54/58	€114k	€42k	€45k	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.14M	€1.94M	€2.10M	€1.97M
Equity	10/15	€2.55M	€1.89M	€1.35M	€1.24M
Contributions / capital	10/11	€19k	€19k	€19k	€19k
Reserves	13	€2.53M	€1.87M	€1.34M	€1.22M
Amounts payable	17/49	€595k	€51k	€745k	€725k
Amounts payable after one year	17	€485k	€5k	€657k	€624k
Amounts payable within one year	42/48	€110k	€46k	€51k	€84k
Trade debts payable within one year	44	€3k	€1k	€4k	€3k
Income statement
Gross operating margin	9900	€143k	€669k	€97k	€86k
Operating result	9901	€115k	€636k	€74k	€42k
Financial income	75	€594k	€396k	€138k	€480k
Financial charges	65	€3k	€4k	€27k	€16k
Result before taxes	9903	€681k	€1.03M	€354k	€506k
Income taxes	67/77	€26k	€161k	€12k	€17k
Net result for the period	9904	€655k	€867k	€342k	€489k
Result to be appropriated	9905	€655k	€867k	€342k	€489k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	27-09-2013
Status	Active
Postal code	9290

Establishment units 1 location

SYNC

Molenveld(O) 2, 9290 BerlareFinancial service activities, except insurance and pension funding

since 20132.222.910.002

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42017C0590/00W000	Flanders	783 m²	1 · 132 m²	10.2 m · 2 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.

Updates 10 events

All 14Financial 4Filings 10

2025

19-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Equity above €2MEq €2.55M ▲34.6%

4 profitable years in a row build equity to €2.55M.

05-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Highest result since 2021net €867k ▲153%

Operating result €636k, net result €867k, both a record.

25-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Weakest financial yearnet €342k ▼29.9%

Net result drops to €342k, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity triplescurrent ratio 4.23

Current ratio from 1.38 to 4.23; short-term debt falls from €84k to €51k.

29-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

08-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

14-04

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

24-04

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

08-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

11-05

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

28-06

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210Media representation73120Office administrative and support services82100Office administrative, office support and other business support activities82110

Names & trade names

Legal nameNL

SYNC

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