SYNCTEC
ActiveSummary
SYNCTEC has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€289,689) and a net result of €133,799. Equity has been shrinking by about 12% per year since 2018. Its solvency ranks better than 6% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-08-2011 Normal situation
- Activity
- Property management for co-owned buildings (syndics) NACE 68321
- Establishment unit
- 2.204.720.324 1180 Ukkel, since 29-07-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 25-03-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
Annual accounts 2025
- Gross margin
- €126,700
- Turnover
- ≈ €220,000
- estimated
- Profit
- €133,799
- Equity
- -€289,689
- ▲ 31.6%
- Total assets
- €461,012
- ▲ 8.8%
- Negative equity on 31-12-2025
- 2025 accounts filed 10 days after the deadline
Score breakdownraises riskCapped at 59: negative equityLast filed accounts filed 10 days late; 2 of the last 3 accounts lateNegative equity -€289,689Liquidity: current ratio 0.10, cash €4,448lowers riskSize: total assets €461,012Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 46% of micro companies in real estate (NACE 68)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
0=
equity -62.8% of total assets
Liquidity
1=
short-term debt 162.8% · cash 1.0%
Profitability
100+72
return on assets 29.0%
Bankruptcy probability within 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.9%highest value
01-2025: 2.8%▼ -0.1 percentage points vs 12-2024
02-2025: 2.8%● unchanged vs 01-2025
03-2025: 2.8%● unchanged vs 02-2025
04-2025: 2.8%● unchanged vs 03-2025
05-2025: 2.7%▼ -0.1 percentage points vs 04-2025
06-2025: 2.6%▼ -0.1 percentage points vs 05-2025
07-2025: 2.7%▲ +0.1 percentage points vs 06-2025
08-2025: 2.8%▲ +0.1 percentage points vs 07-2025
09-2025: 2.8%● unchanged vs 08-2025
10-2025: 2.8%● unchanged vs 09-2025
11-2025: 1.2%▼ -1.6 percentage points vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.3%▲ +0.1 percentage points vs 01-2026
03-2026: 1.2%▼ -0.1 percentage points vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.3%▲ +0.1 percentage points vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026
07-2026: 1.3%● unchanged vs 06-2026
08-2026: 1.6%▲ +0.3 percentage points vs 07-2026
09-2026: 0.9%▼ -0.7 percentage points vs 08-2026
10-2026: 0.8%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: 0.8%● unchanged vs 10-2026lowest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.1 (0.06 in 2024), below 1. Short-term debt is 162.8% and cash 1% of total assets. Equity is negative.
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 68, micro). It does better than 5% of them on solvency, 5% on liquidity, 95% on profitability and 81% on growth.
The bankruptcy probability was computed on 03-11-2026 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
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 17149 sector peers (2025).
NBB · sector comparisonPosition among 17149 sector peers
Solvency
better than 6%
← weakest
strongest →
raises risk · 2025 accounts filed 10 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
10 days late
2024
60 days late
2023
61 days late
2022
56 days late
2021
99 days late
2020
136 days late
2019
90 days late
← 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 73 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 September (4 of the last 5 accounts filed within 39 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 10 days after the deadline Filed on 10 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00390482.
Annual accounts 2025 filed on 10-08-2026 at the NBB all 14 filings
Turnover
≈ €220,000
Estimated: probably between €180,000 and €330,000
Total assets
€461,012▲ 8.8%
2024 · €423,806
Net result
€133,799
2024 · -€16,529
Working capital
-€677,129▲ 14.8%
2024 · -€794,957
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€125,695
2025
20182025
Net result
€133,799
2025
highest quarter of the sector
20182025
Equity
-€289,689
▲ 31.6%
2025
lowest quarter of the sector
20182025
Total assets
€461,012
▲ 8.8%
2025
middle half of the sector
20182025
Debt
€750,701
▼ 11.4%
2025
20182025
Working capital
-€677,129
▲ 14.8%
2025
lowest quarter of the sector
20182025
Solvency
-62.8%
▲ 37.1pp
2025
lowest quarter of the sector
20182025
Current ratio
0.10
▲ 0.04
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
29.0%
▲ 32.9pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€19,693--€16,566▲ 15.9%-€99,030▼ 498%-€20,601▲ 79.2%-€15,234▲ 26.1%-€110,133▼ 623%-€24,685▲ 77.6%€125,695
Net result-€12,359--€3,168▲ 74.4%-€94,708below the sector's middle half▼ 2,890%-€12,446below the sector's middle half▲ 86.9%-€7,066within the sector's middle half▲ 43.2%-€101,972below the sector's middle half▼ 1,343%-€16,529below the sector's middle half▲ 83.8%€133,799above the sector's middle half
Equity-€187,598--€190,766▼ 1.7%-€285,474below the sector's middle half▼ 49.6%-€297,920below the sector's middle half▼ 4.4%-€304,986below the sector's middle half▼ 2.4%-€406,959below the sector's middle half▼ 33.4%-€423,488below the sector's middle half▼ 4.1%-€289,689below the sector's middle half▲ 31.6%
Total assets€368,828-€491,674▲ 33.3%€477,650within the sector's middle half▼ 2.9%€494,451within the sector's middle half▲ 3.5%€517,650within the sector's middle half▲ 4.7%€431,943within the sector's middle half▼ 16.6%€423,806within the sector's middle half▼ 1.9%€461,012within the sector's middle half▲ 8.8%
Debt€556,427-€682,440▲ 22.6%€763,124▲ 11.8%€792,371▲ 3.8%€822,636▲ 3.8%€838,901▲ 2.0%€847,294▲ 1.0%€750,701▼ 11.4%
Working capital-€477,310--€616,015▼ 29.1%-€710,937below the sector's middle half▼ 15.4%-€736,205below the sector's middle half▼ 3.6%-€751,994below the sector's middle half▼ 2.1%-€760,678below the sector's middle half▼ 1.2%-€794,957below the sector's middle half▼ 4.5%-€677,129below the sector's middle half▲ 14.8%
Solvency-50.9%--38.8%▲ 12.1pp-59.8%below the sector's middle half▼ 21.0pp-60.3%below the sector's middle half▼ 0.5pp-58.9%below the sector's middle half▲ 1.3pp-94.2%below the sector's middle half▼ 35.3pp-99.9%below the sector's middle half▼ 5.7pp-62.8%below the sector's middle half▲ 37.1pp
Current ratio0.14-0.10▼ 0.040.07below the sector's middle half▼ 0.030.07below the sector's middle half=0.09below the sector's middle half▲ 0.010.09below the sector's middle half▲ 0.010.06below the sector's middle half▼ 0.030.10below the sector's middle half▲ 0.04
Return on assets (ROA)-3.4%--0.6%▲ 2.7pp-19.8%below the sector's middle half▼ 19.2pp-2.5%below the sector's middle half▲ 17.3pp-1.4%within the sector's middle half▲ 1.2pp-23.6%below the sector's middle half▼ 22.2pp-3.9%below the sector's middle half▲ 19.7pp29.0%above the sector's middle half▲ 32.9pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 2025 is a profit of €125,695, after a loss of €24,685 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €461,012
Fixed assets
€387,440 ▲ 4.3%
Current assets
€73,572 ▲ 40.6%
Equity and liabilities
Equity-€289,689
Debt€750,701
Equity is negative. Debt (€750,701) exceeds the balance-sheet total (€461,012).
Key figures and ratios
EBITDA
€126,300
Cash flow
€134,404
Interest coverage
over 100
Debt ≤ 1 year
€750,701▼
2024 · €847,294
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €11,939 |
| Financial fixed assets | €12,822 | €8,723 | €32,192 | €17,750 | €4,637 |
| Depreciation and write-downs of the year | - | - | - | - | €605 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | - | €605 | - |
| Other operating charges640/8 | - | - | - | €348 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Non-recurring operating charges66A | - | - | - | - | - | €93,233 | €2,350 | €0 | ▼ 100% |
| Gross operating margin9900 | -€19,209 | -€16,218 | -€18,455 | -€20,254 | -€14,886 | -€16,515 | -€21,948 | €126,700 | - |
| Operating profit (loss)9901 | -€19,693 | -€16,566 | -€99,030 | -€20,601 | -€15,234 | -€110,133 | -€24,685 | €125,695 | - |
| Financial income75/76B | - | - | - | €8,209 | €8,209 | €8,209 | €8,209 | €8,209 | = |
| Recurring financial income75 | €7,358 | €13,434 | €4,360 | €8,209 | €8,209 | €8,209 | €8,209 | €8,209 | = |
| Financial charges65/66B | - | - | - | €54 | €42 | €49 | €54 | €105 | ▲ 96.9% |
| Recurring financial charges65 | €25 | €36 | €38 | €54 | €42 | €49 | €54 | €105 | ▲ 96.9% |
| Profit (loss) for the period before taxes9903 | -€12,359 | -€3,168 | -€94,708 | -€12,446 | -€7,066 | -€101,972 | -€16,529 | €133,799 | - |
| Profit (loss) for the period9904 | -€12,359 | -€3,168 | -€94,708 | -€12,446 | -€7,066 | -€101,972 | -€16,529 | €133,799 | - |
| Profit (loss) for the period to be appropriated9905 | -€12,359 | -€3,168 | -€94,708 | -€12,446 | -€7,066 | -€101,972 | -€16,529 | €133,799 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €368,828 | €491,674 | €477,650 | €494,451 | €517,650 | €431,943 | €423,806 | €461,012 | ▲ 8.8% |
| Fixed assets21/28 | €289,712 | €425,249 | €425,463 | €438,285 | €447,008 | €353,719 | €371,469 | €387,440 | ▲ 4.3% |
| Tangible fixed assets22/27 | - | - | - | - | - | - | - | €11,334 | - |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €11,334 | - |
| Financial fixed assets28 | €289,712 | €425,249 | €425,463 | €438,285 | €447,008 | €353,719 | €371,469 | €376,106 | ▲ 1.2% |
| Current assets29/58 | €79,116 | €66,425 | €52,187 | €56,166 | €70,642 | €78,224 | €52,337 | €73,572 | ▲ 40.6% |
| Amounts receivable within one year40/41 | €50,763 | €61,536 | €46,024 | €54,220 | €62,429 | €70,638 | €50,250 | €69,125 | ▲ 37.6% |
| Trade receivables40 | - | - | - | - | - | - | - | €2,383 | - |
| Other amounts receivable41 | - | - | - | €54,220 | €62,429 | €70,638 | €50,250 | €66,742 | ▲ 32.8% |
| Cash at bank and in hand54/58 | €27,797 | €4,889 | €6,163 | €1,946 | €8,213 | €7,586 | €2,087 | €4,448 | ▲ 113% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €368,828 | €491,674 | €477,650 | €494,451 | €517,650 | €431,943 | €423,806 | €461,012 | ▲ 8.8% |
| Equity10/15 | -€187,598 | -€190,766 | -€285,474 | -€297,920 | -€304,986 | -€406,959 | -€423,488 | -€289,689 | ▲ 31.6% |
| Contributions10/11 | €6,300 | €6,300 | - | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Profit (loss) carried forward14 | -€193,898 | -€197,066 | -€291,774 | -€304,220 | -€311,286 | -€413,259 | -€429,788 | -€295,989 | ▲ 31.1% |
| Amounts payable17/49 | €556,427 | €682,440 | €763,124 | €792,371 | €822,636 | €838,901 | €847,294 | €750,701 | ▼ 11.4% |
| Amounts payable within one year42/48 | €556,427 | €682,440 | €763,124 | €792,371 | €822,636 | €838,901 | €847,294 | €750,701 | ▼ 11.4% |
| Trade debts44 | €12,141 | €7,962 | €6,988 | €4,235 | €0 | €384 | €384 | €9,488 | ▲ 25× |
| Suppliers440/4 | - | - | - | €4,235 | €0 | €384 | €384 | €9,488 | ▲ 25× |
| Other amounts payable47/48 | - | - | - | €788,136 | €822,636 | €838,517 | €846,910 | €741,213 | ▼ 12.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,359 | -€3,168 | -€94,708 | -€12,446 | -€7,066 | -€101,972 | -€16,529 | €133,799 | - |
| + Depreciation and write-downs630 | - | - | - | - | - | - | - | €605 | - |
| Operating cash flow (approximation) | -€12,359 | -€3,168 | -€94,708 | -€12,446 | -€7,066 | -€101,972 | -€16,529 | €134,404 | - |
| Investment in fixed assets (approximation) | - | -€135,537 | -€214 | -€12,822 | -€8,723 | €93,288 | -€17,750 | -€16,576 | ▲ 6.6% |
| Change in cash | - | -€22,907 | €1,273 | -€4,216 | €6,267 | -€628 | -€5,498 | €2,360 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-08-2026 | 2026-00390482 | |
| 31-12-2024 | micro format | 29-09-2025 | 2025-00522880 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00485404 | |
| 31-12-2022 | micro format | 25-09-2023 | 2023-00463413 | |
| 31-12-2021 | micro format | 07-11-2022 | 2022-20517259 | |
| 31-12-2020 | micro format | 14-12-2021 | 2021-80100580 | |
| 31-12-2019 | micro format | 29-10-2020 | 2020-64700432 | |
| 31-12-2018 | micro format | 24-10-2019 | 2019-71400191 | |
| 31-12-2017 | micro format | 26-09-2018 | 2018-65100479 | |
| 31-12-2016 | micro format | 18-09-2017 | 2017-61600113 |
Board & ownership
Directors
Directors
1 director
GAILLARD Philip
Current
Owners and capital
Owners
Network & group
SYNCTEC shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of SYNCTEC. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
10-08
micro format · 10 days late
2025
31-12
Financial
Back to profitnet €133,799
The net result is €133,799, after 7 loss-making years.
29-09
micro format · 60 days late
2024
30-09
micro format · 61 days late
2023
31-12
Financial
Weakest financial yearnet -€101,972
The net result drops to -€101,972, the lowest from 2018 to 2025. It recovers the following year.
25-09
micro format · 56 days late
2022
07-11
micro format · 99 days late
2021
14-12
micro format · 136 days late
2020
29-10
micro format · 90 days late
2019
24-10
micro format · 85 days late
2018
26-09
micro format · 57 days late
2017
18-09
micro format · 49 days late
2011
16-08
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
SYNCTEC in French
Enterprise number
0838.301.714
Legal form
Private limited company (pre-2019)
Status
Active, normale toestand
Founded
03-08-2011
Entity type
Legal entity
Registered office and establishments
Registered office
Mariannestraat 28, 1180 Ukkel, Belgium
Establishment unit
SYNCTEC, Mariannestraat 28, 1180 Ukkel since 29-07-2011 · unit number 2.204.720.3247010001 Activities of head offices
Activities
NACEBEL 202568321
Property management for co-owned buildings (syndics) main activity
Invoicing and payment
VAT number
BE 0838.301.714
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
218 m²
Building footprint
128 m²
Building volume
1,602 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21618B0276/00C052 | Brussels | 218 m² | 1 · 128 m² | 17.0 m · 4 |