SYNC
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 ~31.5% 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.
| Equity | €2.55M |
| Net result | €655k |
| Better than sector | 77% |
| Active | 12 yrs |
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.
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.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 81.1% | 52.2% | |
| Net result | €655k | €54k | |
| Equity | €2.55M | €677k | |
| Gross operating margin | €143k | €93k | |
| Total assets | €3.14M | €1.70M |
Figures by fiscal year and ratios
| Fiscal year | 2024 Δ | 2023 Δ | 2022 Δ |
|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | n/a | n/a | n/a |
| EBITDA | n/a | n/a | n/a |
| Net profit | -24.4% | +153.1% | - |
| Cash flow | n/a | n/a | n/a |
| Staff costs | - | - | - |
| Income taxes | -83.9% | +1298.7% | - |
| Dividends | - | +44.1% | - |
| Total assets | +61.7% | -7.5% | - |
| Equity | +34.6% | +39.6% | - |
| Debt | +1064.0% | -93.1% | - |
| of which ≤ 1y | +136.6% | -8.8% | - |
| of which > 1y | +10040.9% | -99.3% | - |
| Working capital | n/a | n/a | n/a |
| Employees (FTE) | - | - | - |
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | n/a | n/a | n/a |
| Quick ratio | n/a | n/a | n/a |
| Working capital ratio | n/a | n/a | n/a |
| Solvency | 81.1% | 97.4% | 64.5% |
| Debt / equity | n/a | n/a | n/a |
| Long-term debt ratio | n/a | n/a | n/a |
| Interest coverage | n/a | n/a | n/a |
| Gross margin | n/a | n/a | n/a |
| Net margin | n/a | n/a | n/a |
| ROA | 20.9% | 44.7% | 16.3% |
| ROE | 25.7% | 45.9% | 25.3% |
| EBITDA margin | n/a | n/a | n/a |
| Days sales outstanding | n/a | n/a | n/a |
| Days payable outstanding | n/a | n/a | n/a |
| Inventory turnover | n/a | n/a | n/a |
| Days inventory (DSI) | n/a | n/a | n/a |
Full annual accounts (23 line items)
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €3.14M | €1.94M | €2.10M |
| Fixed assets | 21/28 | €3.01M | €1.89M | €1.89M |
| Tangible fixed assets | 22/27 | €81k | €91k | €86k |
| Financial fixed assets | 28 | €2.93M | €1.80M | €1.80M |
| Current assets | 29/58 | €125k | €51k | €215k |
| Amounts receivable within one year | 40/41 | €7k | €5k | €143k |
| Cash & bank | 54/58 | €114k | €42k | €45k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.14M | €1.94M | €2.10M |
| Equity | 10/15 | €2.55M | €1.89M | €1.35M |
| Contributions / capital | 10/11 | €19k | €19k | €19k |
| Reserves | 13 | €2.53M | €1.87M | €1.34M |
| Amounts payable | 17/49 | €595k | €51k | €745k |
| Amounts payable after one year | 17 | €485k | €5k | €657k |
| Amounts payable within one year | 42/48 | €110k | €46k | €51k |
| Trade debts payable within one year | 44 | €3k | €1k | €4k |
| Income statement | ||||
| Gross operating margin | 9900 | €143k | €669k | €97k |
| Operating result | 9901 | €115k | €636k | €74k |
| Financial income | 75 | €594k | €396k | €138k |
| Financial charges | 65 | €3k | €4k | €27k |
| Result before taxes | 9903 | €681k | €1.03M | €354k |
| Income taxes | 67/77 | €26k | €161k | €12k |
| Net result for the period | 9904 | €655k | €867k | €342k |
| Result to be appropriated | 9905 | €655k | €867k | €342k |
| NACE primary | Activities of holding companies(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 27-09-2013 |
| Status | Active |
| Postal code | 9290 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42017C0590/00W000 | Flanders | 783 m² | 1 · 132 m² | 10.2 m · 2 fl. |
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.
| Legal nameNL | SYNC |