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SYNCRO

Active
Private limited companyfounded 2024active for 2 yearsGeraardsbergsestraat 131, 9400 Ninove, BelgiumKBO/BCE: BE 1015.165.079

Financials · financial year 2025, full format

2025 annual accounts filed 21 days after the deadline Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00413433.

Annual accounts 2025 filed on 21-08-2026 at the NBB

Turnover
≈ €170,000
Estimated: probably between €130,000 and €220,000
EBIT margin
Not included in this filing
Net result
€21,087
Working capital
€9,162

The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €28,071
Fixed assets €12,925
Current assets €15,146
Equity and liabilities €28,071
Equity €22,087
Debt €5,984
Debt's share of the balance-sheet total is 21.3%.
Key figures and ratios
2025 value
EBITDA
€30,959
Cash flow
€24,843
Current ratio
2.53
Debt to equity
0.27
ROE
95.5%
ROA
75.1%
Interest coverage
32.92
Debt ≤ 1 year
€5,984
Income taxes
€5,175

Investments

fixed assets acquired
Item2025
Tangible fixed assets€15,844
Depreciation and write-downs of the year€3,756

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€28,071
Fixed assets21/28€12,925
Tangible fixed assets22/27€12,925
Plant, machinery and equipment23€4,863
Furniture and vehicles24€1,240
Other tangible fixed assets26€6,822
Current assets29/58€15,146
Amounts receivable within one year40/41€2,999
Other amounts receivable41€2,999
Cash at bank and in hand54/58€10,363
Deferred charges and accrued income490/1€1,784
Equity and liabilities
Total equity and liabilities10/49€28,071
Equity10/15€22,087
Contributions10/11€1,000
Contributions outside capital11€1,000
Other1109/19€1,000
Reserves13€21,087
Distributable reserves133€21,087
Amounts payable17/49€5,984
Amounts payable within one year42/48€5,984
Trade debts44€809
Suppliers440/4€809
Taxes, remuneration and social security45€5,175
Taxes450/3€5,175
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,756
Other operating charges640/8€2,821
Gross operating margin9900€33,780
Operating profit (loss)9901€27,203
Financial charges65/66B€940
Recurring financial charges65€940
Profit (loss) for the period before taxes9903€26,262
Income taxes67/77€5,175
Profit (loss) for the period9904€21,087
Profit (loss) for the period to be appropriated9905€21,087
Appropriation of the result
Profit (loss) to be appropriated9906€21,087
Transfer to equity691/2€21,087
To other reserves6921€21,087

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 21-08-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,756
Other operating charges640/8€2,821
Gross operating margin9900€33,780
Operating profit (loss)9901€27,203
Financial charges65/66B€940
Recurring financial charges65€940
Profit (loss) for the period before taxes9903€26,262
Income taxes67/77€5,175
Profit (loss) for the period9904€21,087
Profit (loss) for the period to be appropriated9905€21,087
Line2025
Assets
Total assets20/58€28,071
Fixed assets21/28€12,925
Tangible fixed assets22/27€12,925
Plant, machinery and equipment23€4,863
Furniture and vehicles24€1,240
Other tangible fixed assets26€6,822
Current assets29/58€15,146
Amounts receivable within one year40/41€2,999
Other amounts receivable41€2,999
Cash at bank and in hand54/58€10,363
Deferred charges and accrued income490/1€1,784
Equity and liabilities
Total equity and liabilities10/49€28,071
Equity10/15€22,087
Contributions10/11€1,000
Contributions outside capital11€1,000
Other1109/19€1,000
Reserves13€21,087
Distributable reserves133€21,087
Amounts payable17/49€5,984
Amounts payable within one year42/48€5,984
Trade debts44€809
Suppliers440/4€809
Taxes, remuneration and social security45€5,175
Taxes450/3€5,175
Line2025
Profit (loss) for the period9904€21,087
+ Depreciation and write-downs630€3,756
Operating cash flow (approximation)€24,843

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 39,278 companies had the same profile as SYNCRO has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.8% was still going
2.3% stopped otherwise
1.8% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of SYNCRO itself: 1.5% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 39,278 companies, not a prediction for SYNCRO. 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.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 full format 21-08-2026 2026-00413433 PDF

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