SyndicBureau
ActiveSyndicBureau has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2k) and a net result of €4k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 15% of 9095 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
16
/ 100
Critical▼ -9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency33=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.16 against 0.11 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-1.1%
Return on assets
1.8%
Age of the figures
11 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9095 sector peers (2025).
NBB · sector comparisonPosition among 9095 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
7 d early
2023
90 d early
2022
30 d early
2021
64 d early
2020
182 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-2k▲ 11.7%
2024 · €-2k
2020: €-4k
2021: €-4k
2022: €2k
2023: €2k
2024: €-2k
2020 → 2025
Total assets
€206k▼ 10.9%
2024 · €231k
2020: €4k
2021: €5k
2022: €20k
2023: €211k
2024: €231k
2020 → 2025
Net result
€4k
2024 · €-5k
2020: €-6k
2021: €572
2022: €10k
2023: €13k
2024: €-5k
2020 → 2025
Working capital
€-98k▲ 14.3%
2024 · €-115k
2020: €-8k
2021: €-7k
2022: €-566
2023: €-80k
2024: €-115k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-4k-€2k€2k▲ 15.5%€-2k€-2k▲ 11.7%
Operating result€621-€12k▲ 1,796%€19k▲ 62.9%€5k▼ 71.9%€14k▲ 163%
Net result€572-€10k▲ 1,607%€13k▲ 34.3%€-5k€4k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 163% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €206k
Fixed assets
€187k▼ 13.8%
Current assets
€19k▲ 33.7%
Key figures and ratios
EBITDA
€44k▲
2024 · €33k
Cash flow
€34k▲
2024 · €22k
Solvency
-1.1%▲
2024 · -1.1%
Current ratio
0.16▲
2024 · 0.11
Quick ratio
0.16▲
2024 · 0.11
Debt / equity
-94.67▼
2024 · -93.87
ROE
-172.2%▼
2024 · 197.1%
ROA
1.8%▲
2024 · -2.1%
Interest coverage
8.93▲
2024 · 5.72
Debt
€208k▼
2024 · €234k
Debt ≤ 1 year
€117k▼
2024 · €129k
Debt > 1 year
€91k▼
2024 · €105k
Income taxes
€5k▲
2024 · €5k
Staff costs
€19k▲
2024 · €300
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€231k€206k▼
Formation expenses20€16-
Fixed assets21/28€217k€187k▼
Intangible fixed assets21€162k€135k▼
Tangible fixed assets22/27€55k€52k▼
Land and buildings22€55k€52k▼
Furniture and vehicles24€50-
Current assets29/58€14k€19k▲
Amounts receivable within one year40/41€3k€6k▲
Trade receivables40€3k€6k▲
Cash at bank and in hand54/58€12k€12k▲
Deferred charges and accrued income490/1€104€919▲
Equity and liabilities
Total equity and liabilities10/49€231k€206k▼
Equity10/15€-2k€-2k▲
Contributions10/11€2k€2k=
Reserves13€419€419=
Distributable reserves133€419€419=
Profit (loss) carried forward14€-5k€-5k▲
Amounts payable17/49€234k€208k▼
Amounts payable after more than one year17€105k€91k▼
Financial debts170/4€105k€91k▼
Amounts payable within one year42/48€129k€117k▼
Current portion of amounts payable after more than one year42€14k€14k=
Trade debts44€12k€9k▼
Suppliers440/4€12k€9k▼
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€5k€8k▲
Taxes450/3€5k€6k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€98k€84k▼
Income statement
Code20242025
Remuneration, social security and pensions62€300€19k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€30k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€36k€65k▲
Operating profit (loss)9901€5k€14k▲
Financial income75/76B€6€38▲
Recurring financial income75€6€38▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€-328€9k▲
Income taxes67/77€5k€5k▲
Profit (loss) for the period9904€-5k€4k▲
Profit (loss) for the period to be appropriated9905€-5k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-1k▲
Profit (loss) brought forward from the previous period14P-€-5k
Profit to be distributed694/7-€4k
Directors or managers695-€4k
Social balance
Average headcount (FTE)9087-0.6
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2020net €13k ▲34.3%
Operating result €19k, net result €13k, both a record.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €572
Net result €572 after one loss-making year.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Middelkerke · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leopoldlaan 38430 MiddelkerkeGround area
1,264 m²
Building footprint
992 m²
Volume, LiDAR
14,386 m³
Parcel 35011B0180/00L097, Flanders · tallest building 32.5 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
SyndicBureau
since 20192.296.585.361
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35011B0180/00L097 | Flanders | 1,264 m² | 1 · 992 m² | 32.5 m · 7 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
INEO CARRE IMMOBILIER
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Immo C Gest
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Laurent Brasseur Management
BE 0751.501.560
Wavre · Eq €3k
Ceneos
BE 0761.664.487
Elsene · Eq €3k
P2ER
BE 0761.818.796
Beersel · Eq €3k
Of 3,753 companies in sector 68321 we hold annual accounts for 1,381. 238 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-11-2019
Fiscal year end30-09
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.