SYNCO
ActiveSummary
SYNCO has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €4.4m and a net result of €926,138. Equity has been growing by about 19% per year since 2019. Its solvency ranks better than 57% of 633 sector peers (NACE 47, financial year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-11-1991 Normal situation
- Activity
- Retail sale of watches and jewellery NACE 47770and 3 others
- Establishment units
- 2.055.959.243 8500 Kortrijk, since 29-01-1992
- 2.055.959.342 8500 Kortrijk, since 15-02-1999and 1 other
- Financial year end
- 31 March
- Peppol
- Reachable since 27-03-2026
Board and ownership
Board
Shareholders
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts to 31-03-2026
- Gross margin
- €2.5m
- ▲ 24.3%
- Turnover
- ≈ €6.4m
- estimated
- Profit
- €926,138
- ▲ 34.7%
- Equity
- €4.4m
- ▲ 10.8%
- Total assets
- €11.3m
- ▲ 1.7%
- Employees on 31-03-2026
- 11
- =
Score breakdownraises riskLiquidity: current ratio 2.40, cash €143,795Sector: Retail trade (NACE 47)lowers riskFounded in 1991Profit of €926,138 (financial year 2026)Show the evidence
Checked score
Score 2026
90
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 65% of small companies in retail trade (NACE 47)
Financial strength · tick: 2025
Strong
Solvency
64+4
equity 38.6% of total assets
Liquidity
47+1
short-term debt 17.8% · cash 1.3%
Profitability
79+3
return on assets 8.2%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025lowest value
05-2025: 0.2%● unchanged vs 04-2025lowest value
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.3%▲ +0.1 percentage points vs 09-2025
11-2025: 0.2%▼ -0.1 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026highest value
10-2026: 0.2%▼ -0.1 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €390,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.4 (2.21 in 2025), above the usual 1.5. Short-term debt is 17.8% and cash 1.3% of total assets. However, 61.4% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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 47, small). It does better than 60% of them on solvency, 56% on liquidity, 76% on profitability and 66% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 09-10-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
22 days early
2025
24 days early
2024
2 days early
2023
34 days early
2022
55 days early
2021
40 days early
2020
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 7 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-03-2027 year end31-10-2027 deadline
Financials
Financials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 09-10-2026 at the NBB all 34 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €6.4m
Estimated: probably between €4.9m and €9.3m
Total assets
€11.3m▲ 1.7%
2025 · €11.1m
Net result
€926,138▲ 34.7%
2025 · €687,765
Working capital
€2.8m▲ 5.5%
2025 · €2.7m
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€1.4m
▲ 39.4%
2026
20192026
Net result
€926,138
▲ 34.7%
2026
20192026
Equity
€4.4m
▲ 10.8%
2026
20192026
Total assets
€11.3m
▲ 1.7%
2026
20192026
Debt
€6.9m
▼ 3.4%
2026
20192026
Working capital
€2.8m
▲ 5.5%
2026
20192026
Solvency
38.6%
▲ 3.2pp
2026
20192026
Current ratio
2.40
▲ 0.18
2026
20192026
Return on assets (ROA)
8.2%
▲ 2.0pp
2026
20192026
Staff (FTE)
10
▼ 5.7%
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€0.2m-€0.3m▲ 35.7%€0.6m▲ 89.0%€1.2m▲ 94.9%€1.5m▲ 24.9%€1.3m▼ 12.4%€1.0m▼ 25.8%€1.4m▲ 39.4%
Net result€0.2m-€0.2m▲ 22.3%€0.5mabove the sector's middle half▲ 149%€1.0mabove the sector's middle half▲ 90.6%€1.2mabove the sector's middle half▲ 19.3%€1.0mabove the sector's middle half▼ 17.0%€0.7mabove the sector's middle half▼ 28.1%€0.9m▲ 34.7%
Equity€1.5m-€1.6m▲ 4.3%€1.7mabove the sector's middle half▲ 10.0%€2.2mabove the sector's middle half▲ 27.1%€2.8mabove the sector's middle half▲ 29.3%€3.7mabove the sector's middle half▲ 32.0%€3.9mabove the sector's middle half▲ 5.0%€4.4m▲ 10.8%
Total assets€6.5m-€6.3m▼ 3.6%€7.1mabove the sector's middle half▲ 13.0%€6.9mabove the sector's middle half▼ 2.7%€8.0mabove the sector's middle half▲ 15.9%€9.4mabove the sector's middle half▲ 17.7%€11.1mabove the sector's middle half▲ 18.1%€11.3m▲ 1.7%
Debt€5.0m-€4.7m▼ 5.9%€5.3m▲ 14.0%€4.7m▼ 12.2%€5.1m▲ 9.6%€5.6m▲ 9.8%€7.2m▲ 26.8%€6.9m▼ 3.4%
Working capital€2.5m-€2.4m▼ 4.8%€2.6mabove the sector's middle half▲ 6.6%€2.5mabove the sector's middle half▼ 2.3%€2.5mabove the sector's middle half▲ 1.2%€3.2mabove the sector's middle half▲ 24.7%€2.7mabove the sector's middle half▼ 15.8%€2.8m▲ 5.5%
Solvency23.2%-25.0%▲ 1.9pp24.4%within the sector's middle half▼ 0.7pp31.8%within the sector's middle half▲ 7.4pp35.5%within the sector's middle half▲ 3.7pp39.8%within the sector's middle half▲ 4.3pp35.4%within the sector's middle half▼ 4.4pp38.6%▲ 3.2pp
Current ratio2.43-3.03▲ 0.613.12above the sector's middle half▲ 0.082.91above the sector's middle half▼ 0.202.72within the sector's middle half▼ 0.193.05above the sector's middle half▲ 0.332.21within the sector's middle half▼ 0.842.40▲ 0.18
Return on assets (ROA)2.6%-3.3%▲ 0.7pp7.2%within the sector's middle half▲ 3.9pp14.0%above the sector's middle half▲ 6.9pp14.5%above the sector's middle half▲ 0.4pp10.2%within the sector's middle half▼ 4.3pp6.2%within the sector's middle half▼ 4.0pp8.2%▲ 2.0pp
Staff (FTE)10.5-12▲ 14.3%11.4above the sector's middle half▼ 5.0%10.3above the sector's middle half▼ 9.6%10.1above the sector's middle half▼ 1.9%10.3above the sector's middle half▲ 2.0%10.6above the sector's middle half▲ 2.9%10▼ 5.7%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is 39% higher than in 2025. It is a recovery after the fall in 2025.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €11.3m
Fixed assets
€6.5m ▲ 3.5%
Current assets
€4.8m ▼ 0.8%
Equity and liabilities €11.3m
Equity
€4.4m ▲ 10.8%
Debt
€6.9m ▼ 3.4%
Debt's share of the balance-sheet total falls from 64.6% to 61.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.9m▲
2025 · €1.3m
Cash flow
€1.4m▲
2025 · €1.0m
Quick ratio
0.12▼
2025 · 0.17
Debt to equity
1.59▼
2025 · 1.82
ROE
21.3%▲
2025 · 17.5%
Interest coverage
11.41▲
2025 · 10.72
Debt ≤ 1 year
€2.0m▼
2025 · €2.2m
Debt > 1 year
€4.9m▼
2025 · €5.0m
Income taxes
€300,378▲
2025 · €186,903
Staff costs
€581,758▼
2025 · €601,995
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 10 | 11 | 11 | 11 | 11 |
| full-time | 8 | 9 | 9 | 9 | 7 |
| part-time | 2 | 2 | 2 | 2 | 4 |
| in full-time equivalents | 9.4 | 10.4 | 10.4 | 10.4 | 10 |
| Average over the year, in full-time equivalents | 10.3 | 10.1 | 10.3 | 10.6 | 10 |
| On a permanent contract | 10 | 11 | 11 | 11 | 11 |
| Joined | 6 | 12 | 13 | - | 22 |
| Left | 7 | 11 | 13 | - | 22 |
Source: social balance sheet in the 2022 to 2026 annual accounts
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €2.9m | €3.0m | €4.0m | €5.2m | €5.3m |
| Mortgages, amount registered | €275,000 | €300,000 | €300,000 | €300,000 | €300,000 |
| Mortgage mandates | €3.5m | €6.1m | €6.1m | €7.2m | €7.2m |
| Carrying value of the mortgaged assets | €3.0m | €3.9m | €4.6m | €6.2m | €6.4m |
| Pledge on the business | €795,366 | €671,419 | €671,419 | €671,419 | €100,000 |
| Pledge on other assets, amount secured | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,990 | €1.2m | €960,515 | €1.9m | €685,001 |
| Financial fixed assets | - | €12,900 | - | - | - |
| Depreciation and write-downs of the year | €234,740 | €360,336 | €236,951 | €348,583 | €463,410 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.5m | €0.5m | €0.6m | €0.6m | €0.6m | ▼ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.3m | €0.3m | €0.2m | €0.4m | €0.2m | €0.3m | €0.5m | ▲ 32.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.007m | -€0.02m | €0.05m | €0.05m | €0.05m | ▲ 9.7% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.02m | €0.03m | €0.03m | €0.03m | ▲ 1.9% |
| Gross operating margin9900 | €1.0m | €1.1m | €1.3m | €2.0m | €2.4m | €2.2m | €2.0m | €2.5m | ▲ 24.3% |
| Operating profit (loss)9901 | €0.2m | €0.3m | €0.6m | €1.2m | €1.5m | €1.3m | €1.0m | €1.4m | ▲ 39.4% |
| Financial income75/76B | - | - | - | €0.006m | €0.005m | €0.004m | €0.005m | €0.002m | ▼ 65.3% |
| Recurring financial income75 | €0.008m | €0.007m | €0.003m | €0.006m | €0.005m | €0.004m | €0.005m | €0.002m | ▼ 65.3% |
| Financial charges65/66B | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 29.3% |
| Recurring financial charges65 | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 29.3% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.2m | €0.5m | €1.1m | €1.4m | €1.2m | €0.9m | €1.2m | ▲ 40.2% |
| Income taxes67/77 | €0.001m | €0.04m | €0.03m | €0.2m | €0.3m | €0.3m | €0.2m | €0.3m | ▲ 60.7% |
| Profit (loss) for the period9904 | €0.2m | €0.2m | €0.5m | €1.0m | €1.2m | €1.0m | €0.7m | €0.9m | ▲ 34.7% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.2m | €0.5m | €1.0m | €1.2m | €1.0m | €0.7m | €0.9m | ▲ 34.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.5m | €6.3m | €7.1m | €6.9m | €8.0m | €9.4m | €11.1m | €11.3m | ▲ 1.7% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €2.2m | €2.7m | €3.3m | €3.1m | €4.0m | €4.7m | €6.2m | €6.5m | ▲ 3.5% |
| Intangible fixed assets21 | €0.004m | €0.002m | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €2.2m | €2.7m | €3.3m | €3.1m | €4.0m | €4.7m | €6.2m | €6.5m | ▲ 3.6% |
| Land and buildings22 | - | - | - | €3.0m | €3.9m | €4.6m | €6.2m | €6.4m | ▲ 3.8% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.006m | €0.02m | €0.05m | €0.04m | ▼ 15.1% |
| Furniture and vehicles24 | - | - | - | €0.007m | €0.002m | - | - | €0.002m | - |
| Other tangible fixed assets26 | - | - | - | €0.05m | €0.04m | €0.03m | €0.02m | €0.01m | ▼ 26.6% |
| Financial fixed assets28 | €0.004m | €0.004m | €0.004m | €0.004m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Current assets29/58 | €4.3m | €3.6m | €3.8m | €3.8m | €4.0m | €4.7m | €4.8m | €4.8m | ▼ 0.8% |
| Stocks and contracts in progress3 | €3.5m | €3.3m | €3.4m | €3.6m | €3.8m | €4.3m | €4.5m | €4.6m | ▲ 1.9% |
| Stocks30/36 | - | - | - | €3.6m | €3.8m | €4.3m | €4.5m | €4.6m | ▲ 1.9% |
| Amounts receivable within one year40/41 | €0.06m | €0.04m | €0.02m | €0.03m | €0.06m | €0.1m | €0.1m | €0.08m | ▼ 46.6% |
| Trade receivables40 | - | - | - | €0.03m | €0.06m | €0.1m | €0.1m | €0.03m | ▼ 77.4% |
| Other amounts receivable41 | - | - | - | €0.001m | - | - | €0.03m | €0.05m | ▲ 68.2% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.6m | €0.2m | €0.3m | €0.2m | €0.1m | €0.3m | €0.2m | €0.1m | ▼ 27.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.03m | €0.02m | €0.03m | €0.03m | ▲ 2.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.5m | €6.3m | €7.1m | €6.9m | €8.0m | €9.4m | €11.1m | €11.3m | ▲ 1.7% |
| Equity10/15 | €1.5m | €1.6m | €1.7m | €2.2m | €2.8m | €3.7m | €3.9m | €4.4m | ▲ 10.8% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | - | - | - | - | - |
| Issued capital100 | - | - | - | €0.1m | - | - | - | - | - |
| Reserves13 | €1.4m | €1.4m | €1.6m | €2.1m | €2.7m | €3.6m | €3.8m | €4.2m | ▲ 11.2% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | - | - | - | - | - |
| Legal reserve130 | - | - | - | €0.01m | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Distributable reserves133 | - | - | - | €2.0m | €2.7m | €3.6m | €3.8m | €4.2m | ▲ 11.3% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - | - | - | - |
| Amounts payable17/49 | €5.0m | €4.7m | €5.3m | €4.7m | €5.1m | €5.6m | €7.2m | €6.9m | ▼ 3.4% |
| Amounts payable after more than one year17 | €3.2m | €3.5m | €4.1m | €3.4m | €3.6m | €4.1m | €5.0m | €4.9m | ▼ 1.2% |
| Financial debts170/4 | - | - | - | €3.4m | €3.6m | €4.1m | €5.0m | €4.9m | ▼ 1.2% |
| Amounts payable within one year42/48 | €1.8m | €1.2m | €1.2m | €1.3m | €1.5m | €1.5m | €2.2m | €2.0m | ▼ 8.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | ▲ 9.8% |
| Financial debts43 | - | - | - | - | - | €0.01m | €0.3m | €0.1m | ▼ 49.9% |
| Credit institutions430/8 | - | - | - | - | - | - | €0.2m | - | - |
| Other loans439 | - | - | - | - | - | €0.01m | €0.05m | €0.1m | ▲ 148% |
| Trade debts44 | €0.8m | €0.5m | €0.5m | €0.4m | €0.4m | €0.8m | €0.7m | €0.6m | ▼ 20.3% |
| Suppliers440/4 | - | - | - | €0.4m | €0.4m | €0.8m | €0.7m | €0.6m | ▼ 20.3% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €0.01m | €0.03m | ▲ 163% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 13.6% |
| Taxes450/3 | - | - | - | €0.02m | €0.1m | €0.1m | €0.06m | €0.09m | ▲ 48.1% |
| Remuneration and social security454/9 | - | - | - | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 4.5% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.5m | €0.05m | €0.5m | €0.5m | = |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 7.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.2m | €0.5m | €1.0m | €1.2m | €1.0m | €0.7m | €0.9m | ▲ 34.7% |
| + Depreciation and write-downs630 | €0.2m | €0.3m | €0.3m | €0.2m | €0.4m | €0.2m | €0.3m | €0.5m | ▲ 32.9% |
| Operating cash flow (approximation) | €0.4m | €0.5m | €0.8m | €1.2m | €1.5m | €1.2m | €1.0m | €1.4m | ▲ 34.1% |
| Investment in fixed assets (approximation) | - | -€0.7m | -€0.9m | -€0.01m | -€1.3m | -€1.0m | -€1.9m | -€0.7m | ▲ 63.9% |
| Change in cash | - | -€0.5m | €0.2m | -€0.2m | -€0.04m | €0.2m | -€0.07m | -€0.06m | ▲ 22.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as SYNCO has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of SYNCO itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for SYNCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 09-10-2026 | 2026-00559414 | |
| 31-03-2025 | abbreviated format | 07-10-2025 | 2025-00536447 | |
| 31-03-2024 | abbreviated format | 29-10-2024 | 2024-00524751 | |
| 31-03-2023 | abbreviated format | 27-09-2023 | 2023-00462029 | |
| 31-03-2022 | abbreviated format | 06-09-2022 | 2022-20423515 | |
| 31-03-2021 | abbreviated format | 21-09-2021 | 2021-67800308 | |
| 31-03-2020 | abbreviated format | 14-10-2020 | 2020-61700401 | |
| 31-03-2019 | abbreviated format | 17-09-2019 | 2019-64900100 | |
| 31-03-2018 | abbreviated format | 17-09-2018 | 2018-63900141 | |
| 31-03-2017 | abbreviated format | 26-10-2017 | 2017-68000468 |
Board & ownership
Directors
Directors
2 directors, last change in 2022
Board 2
GRANEXITO
Current
Director · appointed in the act of 01-07-2022 · term for the life of the company · Private limited company · permanent representative: NYS Kristof Marc Gaston Jenny · listed in the 2026 annual accounts, filed on 09-10-2026
VIETRACOM
Current
Director · appointed in the act of 01-07-2022 · term for the life of the company · Private limited company · permanent representative: NYS Sylvie Charlotte Gilberte Albert · listed in the 2026 annual accounts, filed on 09-10-2026
Permanent representatives 2
NYS Kristof Marc Gaston Jenny
Current
Permanent representative · appointed in the act of 01-07-2022 · for GRANEXITO
NYS Sylvie Charlotte Gilberte Albert
Current
Permanent representative · appointed in the act of 01-07-2022 · for VIETRACOM
Owners and capital
Shareholders
3 ownersChain of control
- GRANVIE
- SYNCO
Owners 3
- GRANVIEparentSourceaccounts GRANVIE 2025Equity €3.3m Profit of €400,830 in 2025 (loss of €13,204 in 2024) Checked score 65100%
-
share not stated
-
share not stated
Capital transactions
Shareholders according to the deeds
Stated in the act
act of 01-07-2022 ↗
Capital over time
- 01-07-2022 Converted to unavailable equity · €118,500
- 01-07-2022 Converted to unavailable equity
Mandate history
3 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GRANEXITO |
|
| VIETRACOM |
|
| AMEYE Dries Elias |
|
Network & group
Connections & network
2 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2027 accounts:
2026
09-10
abbreviated format · 22 days before the deadline
2025
07-10
abbreviated format · 24 days before the deadline
2024
29-10
abbreviated format · 2 days before the deadline
2023
18-10
Gazette deed
Miscellaneous1 point ▸
Gazette deed
Miscellaneous
1 point ▸
- Other provision, “verklaring eenhoofdigheid van de vennootschap, artikel 2:8 § 4 van het Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
27-09
abbreviated format · 34 days before the deadline
31-03
Financial
Highest result from 2019 to 2026net €1.2m ▲19.3%
The operating result of €1.5m and the net result of €1.2m are both a record.
2022
06-09
abbreviated format · 55 days before the deadline
01-07
Gazette deed
Resignations: GRANEXITO, VIETRACOM and AMEYE Dries EliasAppointments: VIETRACOM (director) and GRANEXITO (director) · Permanent representatives: NYS Sylvie Charlotte Gilberte Albert and NYS Kristof Marc Gaston Jenny · Legal-form conversion36 points ▸
Gazette deed
Resignations: GRANEXITO, VIETRACOM and AMEYE Dries Elias
Appointments: VIETRACOM (director) and GRANEXITO (director) · Permanent representatives: NYS Sylvie Charlotte Gilberte Albert and NYS Kristof Marc Gaston Jenny · Legal-form conversion36 points ▸
- Legal-form conversion, “Besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch), mentioned 2 times in the deed
- Accounting effect, 31-03-2022
- Other provision, “behoud inschrijvingsnummers, rechtspersonenregister Gent afdeling Kortrijk” (deed in Dutch)
- Other provision, “gelijke aandelen zonder vermelding van waarde, 1 aandeel Besloten Vennootschap voor 1 aandeel Naamloze Vennootschap” (deed in Dutch)
- GRANEXITO holds 438 shares
- VIETRACOM holds 438 shares
- NYS Kristof Marc Gaston Jenny holds 343 shares
- NYS Sylvie Charlotte Gilberte Albert holds 343 shares
- NYS Marc Sylvère Albert Marie holds 1 share
- Reserve release, “middelen beschikbaar maken voor uitkering, vormen en meerderheden van statutenwijziging” (deed in Dutch)
- Amendment of the articles
- The act holds 24 more points.
31-03
Financial
Equity above €2mequity €2.2m ▲27.1%
With a profit in every financial year since 2019, equity grows to €2.2m.
2021
21-09
abbreviated format · 40 days before the deadline
2020
14-10
abbreviated format · 17 days before the deadline
2019
17-09
abbreviated format · 44 days before the deadline
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
SYNCO in Dutch
Enterprise number
0445.631.955
Legal form
Private limited company
Status
Active, normale toestand
Founded
04-11-1991
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 01-07-2022 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Precies adres van zetel buiten statuten, eenparigheid”
“Voor zover geen wijziging van toepasselijk taalregime, Vlaams Gewest”
deed of 01-07-2022 (in Dutch)Registered office and establishments
Registered office
Korte Steenstraat(Kor) 9, 8500 Kortrijk, Belgium
Establishment units
NYS JUWELIERS, Korte Steenstraat(Kor) 9, 8500 Kortrijk since 29-01-1992 · unit number 2.055.959.243
NYS JUWELIERS, Lange Steenstraat(Kor) 18, 8500 Kortrijk since 15-02-1999 · unit number 2.055.959.342
Twist by Nys, Lange Steenstraat(Kor) 40, 8500 Kortrijk since 01-10-2020 · unit number 2.309.516.451
Activities
NACEBEL 2025VAT activities
47770
Retail sale of watches and jewellery main activity
32123
Manufacture of jewellery
70200
Business and other management consultancy
95250
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Social security (RSZ) activities
47770
Retail sale of watches and jewellery main activity
Codes under NACEBEL 2008
VAT activities
47770
Retail trade main activity
32123
Manufacture of jewellery
70220
Business consulting
95250
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Social security (RSZ) activities
47770
Retail trade main activity
Codes under NACEBEL 2003
VAT activities
36223
main activity
Social security (RSZ) activities
52484
main activity
Invoicing and payment
VAT number
BE 0445.631.955
Financial year and general meeting
Accounts at the NBBFinancial year end
31-03
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of September at 19:00
deed of 01-07-2022 (in Dutch)Environmental permits
2 applications in Flanders since 2019 · 2 granted
Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning); Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the addresses
Ground area
324 m²
Building footprint
182 m²
Building volume
2,108 m³
Tallest building: 15.5 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34353H0343/00B000 | Flanders | 182 m² | 1 · 39 m² | 13.1 m · 4 |
| 34353H1503/00_000 | Flanders | 76 m² | 1 · 76 m² | 15.4 m · 4 |
| 34353H1493/00A000 | Flanders | 67 m² | 1 · 67 m² | 15.2 m · 5 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.