Summary
Syndicate One is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €528,374 and a net result of €976,876. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 5651 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-03-2026, 143 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
143 d early
2024
37 d early
2023
44 d early
2022
55 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 70 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 12 June (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€528,374▲ 10.2%
2024 · €479,499
Net result
€976,876▲ 1,081%
2024 · €82,727
Total assets
€1.5m▲ 176%
2024 · €529,967
Solvency
36.1%▼ 54.4pp
2024 · 90.5%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€19,884--€18,174▲ 8.6%-€13,946▲ 23.3%-€11,535▲ 17.3%
Net result-€19,644below the sector's middle half--€14,785below the sector's middle half▲ 24.7%€82,727above the sector's middle half€976,876above the sector's middle half▲ 1,081%
Equity€280,356within the sector's middle half-€417,571within the sector's middle half▲ 48.9%€479,499above the sector's middle half▲ 14.8%€528,374within the sector's middle half▲ 10.2%
Total assets€287,792below the sector's middle half-€423,511below the sector's middle half▲ 47.2%€529,967within the sector's middle half▲ 25.1%€1.5mwithin the sector's middle half▲ 176%
Debt€7,436-€5,940▼ 20.1%€50,468▲ 750%€936,157▲ 1,755%
Working capital€20,320within the sector's middle half-€46,714within the sector's middle half▲ 130%€108,218within the sector's middle half▲ 132%€190,321within the sector's middle half▲ 75.9%
Solvency97.4%above the sector's middle half-98.6%above the sector's middle half▲ 1.2pp90.5%above the sector's middle half▼ 8.1pp36.1%within the sector's middle half▼ 54.4pp
Current ratio3.73above the sector's middle half-8.86above the sector's middle half▲ 5.133.15within the sector's middle half▼ 5.721.20within the sector's middle half▼ 1.94
Return on assets (ROA)-6.8%below the sector's middle half--3.5%below the sector's middle half▲ 3.3pp15.6%within the sector's middle half▲ 19.1pp66.7%above the sector's middle half▲ 51.1pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +1,081% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,535 in 2025 against €13,946 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€338,251 ▼ 8.9%
Current assets
€1.1m ▲ 610%
Equity and liabilities €1.5m
Equity
€528,374 ▲ 10.2%
Debt
€936,157 ▲ 1,755%
Debt's share of the balance-sheet total rises from 9.5% to 63.9%. Equity and debt are higher.
Key figures and ratios
ROE
184.9%▲
2024 · 17.3%
Debt ≤ 1 year
€935,959▲
2024 · €50,400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,906 | €32 | €0 | - | - |
| Other operating charges640/8 | - | €732 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€15,977 | -€17,410 | -€13,559 | -€11,136 | ▲ 17.9% |
| Operating profit (loss)9901 | -€19,884 | -€18,174 | -€13,946 | -€11,535 | ▲ 17.3% |
| Financial income75/76B | €468 | €3,700 | €96,883 | €988,667 | ▲ 920% |
| Recurring financial income75 | €468 | €3,700 | €96,883 | €2,805 | ▼ 97.1% |
| Non-recurring financial income76B | - | - | - | €985,862 | - |
| Financial charges65/66B | €229 | €311 | €210 | €256 | ▲ 21.9% |
| Recurring financial charges65 | €229 | €311 | €210 | €256 | ▲ 21.9% |
| Profit (loss) for the period before taxes9903 | -€19,644 | -€14,785 | €82,727 | €976,876 | ▲ 1,081% |
| Profit (loss) for the period9904 | -€19,644 | -€14,785 | €82,727 | €976,876 | ▲ 1,081% |
| Profit (loss) for the period to be appropriated9905 | -€19,644 | -€14,785 | €82,727 | €976,876 | ▲ 1,081% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €287,792 | €423,511 | €529,967 | €1.5m | ▲ 176% |
| Formation expenses20 | €32 | €0 | - | - | - |
| Fixed assets21/28 | €260,004 | €370,857 | €371,349 | €338,251 | ▼ 8.9% |
| Financial fixed assets28 | €260,004 | €370,857 | €371,349 | €338,251 | ▼ 8.9% |
| Current assets29/58 | €27,756 | €52,654 | €158,618 | €1.1m | ▲ 610% |
| Amounts receivable within one year40/41 | - | - | €401 | €842 | ▲ 110% |
| Other amounts receivable41 | - | - | €401 | €842 | ▲ 110% |
| Current investments50/53 | - | - | €150,049 | €995,000 | ▲ 563% |
| Cash at bank and in hand54/58 | €23,907 | €50,694 | €7,941 | €129,781 | ▲ 1,534% |
| Deferred charges and accrued income490/1 | €3,849 | €1,960 | €226 | €658 | ▲ 191% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €287,792 | €423,511 | €529,967 | €1.5m | ▲ 176% |
| Equity10/15 | €280,356 | €417,571 | €479,499 | €528,374 | ▲ 10.2% |
| Contributions10/11 | €300,000 | €452,000 | €476,000 | €476,000 | = |
| Capital10 | €300,000 | €452,000 | €476,000 | €476,000 | = |
| Issued capital100 | €800,000 | €800,000 | €800,000 | €800,000 | = |
| Uncalled capital101 | €500,000 | €348,000 | €324,000 | €324,000 | = |
| Reserves13 | - | - | €3,499 | €52,374 | ▲ 1,397% |
| Non-distributable reserves130/1 | - | - | - | €48,876 | - |
| Legal reserve130 | - | - | - | €48,876 | - |
| Distributable reserves133 | - | - | €3,499 | €3,499 | = |
| Profit (loss) carried forward14 | -€19,644 | -€34,429 | €0 | €0 | - |
| Amounts payable17/49 | €7,436 | €5,940 | €50,468 | €936,157 | ▲ 1,755% |
| Amounts payable within one year42/48 | €7,436 | €5,940 | €50,400 | €935,959 | ▲ 1,757% |
| Financial debts43 | €255 | €0 | - | - | - |
| Credit institutions430/8 | €255 | €0 | - | - | - |
| Trade debts44 | €7,181 | €5,940 | €5,600 | €7,959 | ▲ 42.1% |
| Suppliers440/4 | €7,181 | €5,940 | €5,600 | €7,959 | ▲ 42.1% |
| Other amounts payable47/48 | - | - | €44,800 | €928,000 | ▲ 1,971% |
| Accrued charges and deferred income492/3 | - | - | €68 | €197 | ▲ 191% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,644 | -€14,785 | €82,727 | €976,876 | ▲ 1,081% |
| + Depreciation and write-downs630 | €3,906 | €32 | €0 | - | - |
| Operating cash flow (approximation) | -€15,738 | -€14,752 | €82,727 | €976,876 | ▲ 1,081% |
| Investment in fixed assets (approximation) | - | -€110,886 | -€492 | €33,098 | ▲ 6,828% |
| Change in cash | - | €26,786 | -€42,753 | €121,840 | ▲ 385% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2022net €976,876 ▲1,081%
Operating result -€11,535, net result €976,876, both a record.
31-12
Financial
Equity above €500,000Eq €528,374 ▲10.2%
2 profitable years in a row build equity to €528,374.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €82,727
Net result €82,727 after 2 loss-making years.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 8.86
Current ratio from 3.73 to 8.86; short-term debt falls from €7,436 to €5,940.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2022
Ground area
78 m²
Building footprint
78 m²
Volume, LiDAR
1,195 m³
Parcel 21806F0233/00K000, Brussels · tallest building 19.6 m, ±6 floors. Linked by address, not a title deed.
64
companies at this address
See who is registered here
1 establishment unit
Syndicate One
since 20222.333.095.171
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21806F0233/00K000 | Brussels | 78 m² | 1 · 78 m² | 19.6 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Company details
Identification
Legal formPublic limited company
Founded05-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64310Financial service activities, except insurance and pension funding
63920Other information service activities
64999Other financial services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0779736280
Also
9925:BE0779736280
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.