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SYNCHRO

Open bankruptcy
Private limited company (pre-2019)founded 2012KBO/BCE: BE 0847.223.041

A bankruptcy procedure is open for SYNCHRO according to publications in the Belgian State Gazette; curator: KJELL SWARTELE.

Summary

The 2021 annual accounts show negative equity (-€20,795) and a net result of -€1,808.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Antwerp, Antwerp division
Declared bankrupt
12 December 2024
Supervising judge
Koen Van Caesbroeck
Official Gazette
18-12-2024 (pdf) ↗search the document for 2024/149606

Curator

  • Kjell SwarteleAnselmostraat 2, 2018 Antwerpen 1kjell.swartele@vanhoucke-law.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
235 d late
2019
7 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 86 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

SYNCHRO was incorporated on 6 July 2012.1 Total assets fell from EUR 231,526 in 2018 to EUR 32,258 in 2021.2 On 12 December 2024 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021
  3. 3Belgian State Gazette, 18-12-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Equity
-€20,795▼ 9.5%
2020 · -€18,986
Total assets
€32,258▲ 232%
2020 · €9,726
Net result
-€1,808▲ 89.3%
2020 · -€16,871
Working capital
€7,090▼ 22.3%
2020 · €9,120
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2018201920202021
Operating result€41,473--€77,419-€15,952▲ 79.4%-€1,877▲ 88.2%
Net result€24,274--€96,942-€16,871▲ 82.6%-€1,808▲ 89.3%
Equity€94,826--€2,115-€18,986▼ 798%-€20,795▼ 9.5%
Total assets€231,526-€95,904▼ 58.6%€9,726▼ 89.9%€32,258▲ 232%
Debt€136,700-€98,019▼ 28.3%€28,712▼ 70.7%€53,052▲ 84.8%
Working capital€91,989-€1,952▼ 97.9%€9,120▲ 367%€7,090▼ 22.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000Operating result 2018: €41,473€41,473Net result 2018: €24,274€24,274Operating result 2019: -€77,419-€77,419Net result 2019: -€96,942-€96,942Operating result 2020: -€15,952-€15,952Net result 2020: -€16,871-€16,871Operating result 2021: -€1,877-€1,877Net result 2021: -€1,808-€1,8082018201920202021-€100,000-€75,000-€50,000-€25,000€0Operating result 2019: -€77,419-€77,400Net result 2019: -€96,942-€96,900Operating result 2020: -€15,952-€16,000Net result 2020: -€16,871-€16,900Operating result 2021: -€1,877-€1,880Net result 2021: -€1,808-€1,810201920202021
The operating result stays negative: a loss of €1,877 in 2021 against €15,952 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €32,258
Fixed assets €269 ▲ 461%
Current assets €31,989 ▲ 231%
Key figures and ratios
2021 value · change against 2020
Solvency
-64.5%▲
2020 · -195.2%
Current ratio
1.28▼
2020 · 17.33
Debt to equity
-2.55▼
2020 · -1.48
ROA
-5.6%▲
2020 · -173.5%
Debt ≤ 1 year
€24,898▲
2020 · €558
Debt > 1 year
€28,154=
2020 · €28,154
Staff costs
€10,316
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 40 lines
Balance sheet Code20202021
Assets
Total assets20/58€9,726€32,258▲
Fixed assets21/28€48€269▲
Financial fixed assets28€48€269▲
Current assets29/58€9,678€31,989▲
Amounts receivable within one year40/41€2,600€28,697▲
Trade receivables40-€22,187
Other amounts receivable41-€6,510
Current investments50/53€7,059-
Cash at bank and in hand54/58-€71
Deferred charges and accrued income490/1-€3,220
Equity and liabilities
Total equity and liabilities10/49€9,726€32,258▲
Equity10/15-€18,986-€20,795▼
Contributions10/11-€29,000
Reserves13€2,900€2,900=
Non-distributable reserves130/1-€2,900
Reserves not available under the articles1311-€2,900
Profit (loss) carried forward14-€50,886-€52,695▼
Amounts payable17/49€28,712€53,052▲
Amounts payable after more than one year17€28,154€28,154=
Financial debts170/4-€28,154
Amounts payable within one year42/48€558€24,898▲
Trade debts44-€6,867
Suppliers440/4-€6,867
Advances received on contracts in progress46-€13,984
Taxes, remuneration and social security45-€4,047
Taxes450/3-€76
Remuneration and social security454/9-€3,971
Income statement Code20202021
Remuneration, social security and pensions62-€10,316
Other operating charges640/8-€114
Gross operating margin9900-€7,734€8,553▲
Operating profit (loss)9901-€15,952-€1,877▲
Financial income75/76B-€100
Recurring financial income75€147€100▼
Financial charges65/66B-€32
Recurring financial charges65€1,066€32▼
Profit (loss) for the period before taxes9903-€16,871-€1,808▲
Profit (loss) for the period9904-€16,871-€1,808▲
Profit (loss) for the period to be appropriated9905-€16,871-€1,808▲
Appropriation of the result
Profit (loss) to be appropriated9906--€52,695
Profit (loss) brought forward from the previous period14P--€50,886

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Remuneration, social security and pensions62---€10,316-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,108€22,379---
Other operating charges640/8---€114-
Gross operating margin9900€67,631-€45,202-€7,734€8,553▲ 211%
Operating profit (loss)9901€41,473-€77,419-€15,952-€1,877▲ 88.2%
Financial income75/76B---€100-
Recurring financial income75€23€8€147€100▼ 31.6%
Financial charges65/66B---€32-
Recurring financial charges65€1,628€2,445€1,066€32▼ 97.0%
Profit (loss) for the period before taxes9903€39,868-€79,856-€16,871-€1,808▲ 89.3%
Income taxes67/77€15,594€17,086---
Profit (loss) for the period9904€24,274-€96,942-€16,871-€1,808▲ 89.3%
Profit (loss) for the period to be appropriated9905€24,274-€96,942-€16,871-€1,808▲ 89.3%
Line2018201920202021Change
Assets
Total assets20/58€231,526€95,904€9,726€32,258▲ 232%
Fixed assets21/28€48,820€26,441€48€269▲ 461%
Intangible fixed assets21€10,130€7,225---
Tangible fixed assets22/27€38,642€19,168---
Financial fixed assets28€48€48€48€269▲ 461%
Current assets29/58€182,706€69,463€9,678€31,989▲ 231%
Amounts receivable within one year40/41€145,451€58,502€2,600€28,697▲ 1,004%
Trade receivables40---€22,187-
Other amounts receivable41---€6,510-
Current investments50/53--€7,059--
Cash at bank and in hand54/58€34,427€8,117-€71-
Deferred charges and accrued income490/1---€3,220-
Equity and liabilities
Total equity and liabilities10/49€231,526€95,904€9,726€32,258▲ 232%
Equity10/15€94,826-€2,115-€18,986-€20,795▼ 9.5%
Contributions10/11€29,000€29,000-€29,000-
Reserves13€2,900€2,900€2,900€2,900=
Non-distributable reserves130/1---€2,900-
Reserves not available under the articles1311---€2,900-
Profit (loss) carried forward14€62,926-€34,015-€50,886-€52,695▼ 3.6%
Amounts payable17/49€136,700€98,019€28,712€53,052▲ 84.8%
Amounts payable after more than one year17€45,706€29,491€28,154€28,154=
Financial debts170/4---€28,154-
Amounts payable within one year42/48€90,717€67,511€558€24,898▲ 4,359%
Trade debts44€20,026€14,817-€6,867-
Suppliers440/4---€6,867-
Advances received on contracts in progress46---€13,984-
Taxes, remuneration and social security45---€4,047-
Taxes450/3---€76-
Remuneration and social security454/9---€3,971-
Line2018201920202021Change
Profit (loss) for the period9904€24,274-€96,942-€16,871-€1,808▲ 89.3%
+ Depreciation and write-downs630€24,108€22,379---
Operating cash flow (approximation)€48,382-€74,562-€16,871-€1,808▲ 89.3%
Investment in fixed assets (approximation)-€0€26,393-€221▼ 101%
Change in cash--€26,309---

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
18-12
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 12-12-2024
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
23-03
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 235 days late
2020
31-12
Financial Liquidity times 17current ratio 17.33
Current ratio from 1.03 to 17.33; short-term debt falls from €67,511 to €558.
24-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Weakest financial yearnet -€96,942
Net result drops to -€96,942, the lowest in the series.
26-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
18-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 18 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
27-07
NBB filing Annual accounts filed
fiscal year 2014 · full schema
2014
28-08
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 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, Antwerpen · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
2,946 m²
Building footprint
789 m²
Volume, LiDAR
7,440 m³
2 parcels, Flanders · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
237 companies at this address See who is registered here
1 establishment unit
SYNCHRO SPRL ISO-STONE
Logging
since 20122.223.428.852
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12403E0856/00E000 Flanders 2,685 m² 1 · 528 m² 7.1 m · 2 fl.
11811L3838/00N000 Flanders 261 m² 1 · 261 m² 22.5 m · 6 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 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 KJELL SWARTELE
ANSELMOSTRAAT 2, 2018 ANTWERPEN 1
12-12-2024 → present

Similar companies · same sector, comparable size

Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 6,243 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded06-07-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities

Scores and ratios are computed by Checked and are not a credit decision.