Active BE 0833.871.188Private limited company (pre-2019)Open bankruptcy

SYNCWARE

Van de Wervestraat 10 ·2060 Antwerpen, Belgium· 15 yrs active

Sector: Computer programming & consultancy (62200)

Conclusion Checked

A bankruptcy procedure is open for SYNCWARE according to publications in the Belgian State Gazette. The 2020 annual accounts show negative equity (€-34k) and a net result of €-99k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€-34k
Net result	€-99k
Staff (FTE)	0.5
Better than sector	8%

Snowflake analysis 5 axes · computed by Checked

36 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 100

Solvency 50

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2020 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview9 NBB filings

Annual accounts filed on 09-10-2020 with the NBB · fiscal year 2020 · micro

Operating resultNet result

Sector comparison

Fiscal year 2020 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-34.8%	57.3%	better than 8% of 608 sector peers
Net result	€-213k	€17k	better than 5% of 605 sector peers
Equity	€-34k	€59k	better than 5% of 609 sector peers
Gross operating margin	€24k	€40k	better than 35% of 605 sector peers
Employees (FTE)	0.5	1.0	better than 15% of 83 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-90k

- 19-20

Net profit

€-99k

- 19-20

Cash flow

€-98k

- 19-20

Total assets

€99k

-59.0% 19-20

Equity

€-34k

- 19-20

Working capital

€18k

-89.2% 19-20

Employees (FTE)

1

- 19-20

Income taxes

€113k

+1625.6% 19-20

Debt

€133k

+112.1% 19-20

Debt ≤ 1y

€71k

+13.2% 19-20

Debt > 1y

€62k

- 19-20

Current ratio

1.25

-65.7% 19-20

Quick ratio

1.23

-66.2% 19-20

Solvency

-34.8%

- 19-20

Debt / equity

-1.81

- 19-20

ROE

288.5%

+353.7% 19-20

ROA

-100.4%

- 19-20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Revenue	-
EBITDA	€-90k
Net profit	€-99k
Cash flow	€-98k
Staff costs	-
Income taxes	€113k
Dividends	-
Total assets	€99k
Equity	€-34k
Debt	€133k
of which ≤ 1y	€71k
of which > 1y	€62k
Working capital	€18k
Employees (FTE)	0.5

Ratios (computed)

	2020
Current ratio	1.25
Quick ratio	1.23
Working capital ratio	18.3%
Solvency	-34.8%
Debt / equity	-1.81
Long-term debt ratio	-1.81
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-100.4%
ROE	288.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2020

Assets

Fixed assets €10k · 9.8% Current assets €89k · 90.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2020
Balance sheet, Assets
TOTAL ASSETS	20/58	€99k
Fixed assets	21/28	€10k
Tangible fixed assets	22/27	€724
Financial fixed assets	28	€9k
Current assets	29/58	€89k
Stocks & contracts in progress	3	€2k
Amounts receivable within one year	40/41	€79k
Cash & bank	54/58	€8k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€99k
Equity	10/15	€-34k
Contributions / capital	10/11	€19k
Reserves	13	€46k
Accumulated profits (losses)	14	€-99k
Amounts payable	17/49	€133k
Amounts payable after one year	17	€62k
Amounts payable within one year	42/48	€71k
Trade debts payable within one year	44	€3k
Income statement
Gross operating margin	9900	€24k
Operating result	9901	€-91k
Financial income	75	€472
Financial charges	65	€9k
Result before taxes	9903	€-100k
Income taxes	67/77	€113k
Net result for the period	9904	€-213k
Result to be appropriated	9905	€-213k

You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	DIRK DEVROE KROMVENDREEF 15, 2900 SCHOTEN-	22-12-2020 → present	Belgian State Gazette

Legal Structure

NACE primary	Computer programming & consultancy(62200)
Legal form	Private limited company (pre-2019)(015)
Incorporation	17-02-2011
Status	Active
Postal code	2060
First BS signal	29-12-2020
Latest BS signal	29-12-2020

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

SYNCWARE

Van de Wervestraat 10, 2060 AntwerpenInstallatie van de bedrading voor telefooninstallaties en computersystemen

since 20112.196.758.604

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11807G1307/00M004	Flanders	82 m²	1 · 66 m²	22.5 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2020

29-12-2020

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SYNCWARE BVBA VAN DE WERVESTRAAT 10/3, 2060 ANTWERPEN 6 · event 22-12-2020

09-10-2020