SYNC SOLUTIONS

Open bankruptcy

Public limited companyfounded 1989Avenue du Marquis(FL) 9, 6220 Fleurus, BelgiumKBO/BCE: BE 0438.067.737

A bankruptcy procedure is open for SYNC SOLUTIONS according to publications in the Belgian State Gazette; curator: BERNARD POPYN. The file additionally contains 2 judicial reorganisations. The 2019 annual accounts show equity of €807k and a net result of €-46k.

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Signals

Three signals.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2019, full schema

Turnover

€16.39M

EBIT margin

4.8%

Net result

€-46k

2018 · €236k

2018: €236k

2018 → 2019

Working capital

€127k

2018 · €-79k

2018: €-79k

2018 → 2019

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20182019Trend

Turnover€16.39M-

Equity€853k-€807k▼ 5.4%

Operating result€783k-€131k▼ 83.2%

Net result€236k-€-46k

Result per fiscal year

Operating resultNet result

The operating result falls in 2019; 2019 is 83% below 2018.

Balance-sheet composition

2019 in colour, 2018 as the grey bar beneath

Assets €6.26M

16.2%

83.8%

Fixed assets €1.01M▼ 13.0%

Current assets €5.24M▲ 52.3%

Equity and liabilities €6.26M

12.9%

87.1%

Equity €807k▼ 5.4%

Debt €5.45M▲ 45.2%

The debt ratio rises from 81.5% to 87.1%. Equity is lower and debt is higher.

Key figures and ratios

2019 value · change against 2018

EBITDA

€295k▼

2018 · €944k

Cash flow

€118k▼

2018 · €396k

Solvency

12.9%▼

2018 · 18.5%

Current ratio

1.02▲

2018 · 0.98

Quick ratio

0.91▼

2018 · 0.98

Debt / equity

0.20

ROE

-5.7%▼

2018 · 27.6%

ROA

-0.7%▼

2018 · 5.1%

Debt

€5.45M▲

2018 · €3.75M

Debt ≤ 1 year

€5.11M▲

2018 · €3.52M

Debt > 1 year

€159k

Income taxes

€66k▼

2018 · €299k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2019 against 2018

Balance sheet Code20182019

Assets

Total assets20/58€4.61M€6.26M▲

Fixed assets21/28€1.17M€1.01M▼

Intangible fixed assets21€487k€417k▼

Tangible fixed assets22/27€326k€247k▼

Financial fixed assets28€352k€350k▼

Current assets29/58€3.44M€5.24M▲

Stocks and contracts in progress3-€567k

Amounts receivable within one year40/41€2.27M€4.21M▲

Cash at bank and in hand54/58€1.10M€394k▼

Equity and liabilities

Total equity and liabilities10/49€4.61M€6.26M▲

Equity10/15€853k€807k▼

Contributions10/11€100k€100k=

Reserves13€10k€10k=

Profit (loss) carried forward14€743k€697k▼

Amounts payable17/49€3.75M€5.45M▲

Amounts payable after more than one year17-€159k

Amounts payable within one year42/48€3.52M€5.11M▲

Trade debts44€1.75M€2.68M▲

Income statement Code20182019

Turnover70€16.39M-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€160k€164k▲

Gross operating margin9900€5.10M€4.72M▼

Operating profit (loss)9901€783k€131k▼

Recurring financial income75€36k€69k▲

Recurring financial charges65€284k€180k▼

Profit (loss) for the period before taxes9903€535k€20k▼

Income taxes67/77€299k€66k▼

Profit (loss) for the period9904€236k€-46k▼

Profit (loss) for the period to be appropriated9905€236k€-46k▼

Download as CSV

Timeline · acts, filings and financial milestones

All 13Signals 3Filings 10

2022

04-03

Bankruptcy Opening

Tribunal de l’entreprise du Hainaut, division Mons · SYNC SOLUTIONS SA AVENUE DU MARQUIS 9, 6220 FLEURUS · event 28-02-2022

2021

07-07

Judicial reorganisation Extension

Tribunal de l’entreprise du Hainaut · amiable · event 28-06-2021

2020

07-12

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 129 days late

18-08

Judicial reorganisation Opening

Tribunal de l’entreprise du Hainaut · amiable · event 11-08-2020

2019

29-03

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

29-03

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

17-03

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

23-03

NBB filing Annual accounts filed

fiscal year 2015 · full schema

2015

31-03

NBB filing Annual accounts filed

fiscal year 2014 · full schema

2014

09-04

NBB filing Annual accounts filed

fiscal year 2013 · full schema

2013

21-08

NBB filing Annual accounts filed

fiscal year 2012 · full schema · 21 days late

2012

03-08

NBB filing Annual accounts filed

fiscal year 2011 · full schema · 3 days late

2011

26-08

NBB filing Annual accounts filed

fiscal year 2010 · full schema · 26 days late

SignalNBB filing

Directors · office · real estate

Directors

18 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Fleurus · 5 establishment units since 1989

establishment approximate All 5 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Avenue du Marquis(FL) 96220 Fleurus

Ground area

1.3 ha

Building footprint

3,071 m²

Volume, LiDAR

36,411 m³

5 parcels, Brussels, Flanders, Wallonia · tallest building 32.2 m, ±9 floors. Linked by address, not a title deed.

5 establishment units

SYNC SOLUTIONS

NACE 5244201

since 19892.044.401.296

SYNC SOLUTIONS

Rue de Rotterdam 23, 4000 LiègeRepair and maintenance of fabricated metal products

since 20142.236.052.215

SYNC SOLUTIONS

Avenue du Marquis(FL) /, 6220 FleurusRepair and maintenance of fabricated metal products

since 20182.271.656.559

Business Call

Repair and maintenance of fabricated metal products

since 20182.273.167.779

Sync Solutions

Ninovesteenweg 196, 9320 AalstWired, wireless and satellite telecommunications

since 20192.288.082.124

5 parcels

Flanders 1 (20%) Wallonia 3 (60%) Brussels 1 (20%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52332B0459/00G003	Wallonia	7,436 m²	1 · 1,541 m²	12.0 m · 2 fl.
53073A0690/00E000	Wallonia	2,190 m²	1 · 175 m²	8.1 m · 2 fl.
41342B0950/00H002	Flanders	1,485 m²	1 · 473 m²	14.0 m · 4 fl.
62805B0315/00N009	Wallonia	1,384 m²	1 · 183 m²	20.7 m · 6 fl.
21807G0120/00L005	Brussels	700 m²	1 · 700 m²	32.2 m · 9 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 4

5 of 5 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	BERNARD POPYN RUE DE LA GRANDE TRIPERIE, 15, 7000 MONS- . Date provisoire de cessation de paiement : 28/02/2022 ↔ Also on 59 other cases	28-02-2022 → present