Checked.be
Active
BE 0668.495.987Private limited company
SYNCTIV
C-Mine 12 ·3600 Genk, Belgium· 9 yrs active
Sector: Computer programming
(62100)
Conclusion
SYNCTIV has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €205k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 2591 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €74k |
| Net result | €205k |
| Staff (FTE) | 5.2 |
| Better than sector | 18% |
Financial profile
65
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
53
Profitability
100
Solvency
14
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2016, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
53
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€4k
estimate, not credit advice
Score history
93
2021
100
2022
93
2023
90
2024
53
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.95 (< 1.0)
-10
Leverage
Debt/equity 15.42 (> 3.0)
-10
Profitability
ROE 275% (≥ 10%)
+10
Interest coverage
Interest coverage 57.6× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-06-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Net result: declining trend of ~6.8%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 6.1% | 46.0% | |
| Net result | €205k | €24k | |
| Equity | €74k | €141k | |
| Gross operating margin | €516k | €90k | |
| Staff costs | €202k | €282k |
€309k
+44.5%
21-25
€205k
+41.6%
21-25
€225k
+35.4%
21-25
€1.22M
+3.9%
21-25
€74k
-89.5%
21-25
€-58k
-
21-25
5
0.0%
21-25
€202k
-18.0%
21-25
€86k
+59.8%
21-25
€837k
+306.5%
21-25
€1.15M
+144.5%
21-25
€1.13M
+178.7%
21-25
€19k
-53.7%
21-25
0.95
-55.2%
21-25
0.95
-55.2%
21-25
6.1%
-89.9%
21-25
15.42
+2221.3%
21-25
275.2%
+1244.7%
21-25
16.8%
+36.3%
21-25
57.58
+48.8%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €309k | €213k | €361k | €381k | €222k |
| Net profit | €205k | €145k | €244k | €266k | €170k |
| Cash flow | €225k | €166k | €274k | €280k | €173k |
| Staff costs | €202k | €247k | €437k | €149k | €63k |
| Income taxes | €86k | €54k | €90k | €98k | €62k |
| Dividends | €837k | €206k | €30k | - | €6k |
| Total assets | €1.22M | €1.18M | €1.40M | €957k | €542k |
| Equity | €74k | €707k | €768k | €542k | €275k |
| Debt | €1.15M | €469k | €634k | €415k | €267k |
| of which ≤ 1y | €1.13M | €405k | €494k | €308k | €255k |
| of which > 1y | €19k | €41k | €140k | €108k | - |
| Working capital | €-58k | €453k | €569k | €448k | €277k |
| Employees (FTE) | 5.2 | 5.2 | 7.3 | 3.8 | 1.9 |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.95 | 2.12 | 2.15 | 2.46 | 2.09 |
| Quick ratio | 0.95 | 2.12 | 2.15 | 2.46 | 2.09 |
| Working capital ratio | -4.8% | 38.5% | 40.6% | 46.9% | 51.1% |
| Solvency | 6.1% | 60.1% | 54.8% | 56.6% | 50.8% |
| Debt / equity | 15.42 | 0.66 | 0.83 | 0.77 | 0.97 |
| Long-term debt ratio | 0.26 | 0.06 | 0.18 | 0.20 | - |
| Interest coverage | 57.58 | 38.69 | 34.37 | 80.52 | 131.24 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 16.8% | 12.3% | 17.4% | 27.8% | 31.4% |
| ROE | 275.2% | 20.5% | 31.7% | 49.2% | 61.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.22M | €1.18M | €1.40M | €957k | €542k |
| Fixed assets | 21/28 | €152k | €318k | €338k | €201k | €10k |
| Intangible fixed assets | 21 | - | - | €2k | €4k | €5k |
| Tangible fixed assets | 22/27 | €152k | €318k | €337k | €197k | €5k |
| Current assets | 29/58 | €1.07M | €858k | €1.06M | €756k | €532k |
| Amounts receivable within one year | 40/41 | €795k | €499k | €514k | €312k | €226k |
| Investments | 50/53 | - | €38k | €33k | €12k | - |
| Cash & bank | 54/58 | €120k | €161k | €385k | €416k | €281k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.22M | €1.18M | €1.40M | €957k | €542k |
| Equity | 10/15 | €74k | €707k | €768k | €542k | €275k |
| Contributions / capital | 10/11 | €18k | €18k | €18k | €6k | €6k |
| Reserves | 13 | €57k | €689k | €750k | €536k | €269k |
| Amounts payable | 17/49 | €1.15M | €469k | €634k | €415k | €267k |
| Amounts payable after one year | 17 | €19k | €41k | €140k | €108k | - |
| Amounts payable within one year | 42/48 | €1.13M | €405k | €494k | €308k | €255k |
| Trade debts payable within one year | 44 | €299k | €234k | €264k | €168k | €135k |
| Income statement | ||||||
| Gross operating margin | 9900 | €516k | €463k | €811k | €531k | €287k |
| Operating result | 9901 | €288k | €192k | €331k | €368k | €219k |
| Financial income | 75 | €7k | €12k | €13k | €2k | €82 |
| Financial charges | 65 | €5k | €6k | €11k | €5k | €2k |
| Result before taxes | 9903 | €291k | €198k | €334k | €365k | €232k |
| Income taxes | 67/77 | €86k | €54k | €90k | €98k | €62k |
| Net result for the period | 9904 | €205k | €145k | €244k | €266k | €170k |
| Result to be appropriated | 9905 | €205k | €145k | €244k | €266k | €170k |
Legal Structure
| NACE primary | Computer programming(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 27-12-2016 |
| Status | Active |
| Postal code | 3600 |
Establishment units
SYNCTIV
since 20162.261.407.223
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71307H0052/00Y018 | Flanders | 21.2 ha | - | - |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €145k ▼40.6%
Net result drops to €145k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €266k ▲56.6%
Operating result €368k, net result €266k, both a record.
31-12
Financial
Equity above €500kEq €542k ▲96.7%
2 profitable years in a row build equity to €542k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Computer programming, consultancy and related activities62010Computer programming62100Other information technology and computer services62900Holdings64200Activities of holding companies64210Buying and selling of own real estate68110Renting and operating of own or leased residential real estate, excluding social housing68201Renting and operating of own or leased non-residential real estate, excluding land68203Activities of head offices70100Business and other management consultancy70200Business consulting70220Other business support services82990
Names & trade names
| Legal nameNL | SYNCTIV |
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