SYNERCHANGE
ActiveSummary
SYNERCHANGE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,078 and a net result of €7,388. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 2067 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+10
Solvency41▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 0.87 in 2024; short-term debt: 79.3% and cash: 73.4% of total assets), and 83.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 28-02-2026, 61 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
61 d early
2024
55 d early
2023
60 d early
2022
30 d early
2021
36 d early
2020
169 d early
2019
179 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 84 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€9,078▲ 437%
2024 · €1,690
Total assets
€56,164▲ 27.2%
2024 · €44,147
Net result
€7,388▲ 235%
2024 · €2,204
Working capital
€5,449
2024 · -€4,740
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€7,084€16,587-€1,010€3,476€8,565▲ 146%
Net result-€7,310below the sector's middle half€16,046within the sector's middle half-€1,839within the sector's middle half€2,204within the sector's middle half€7,388within the sector's middle half▲ 235%
Equity-€14,721below the sector's middle half▼ 98.6%€1,325below the sector's middle half-€514below the sector's middle half€1,690below the sector's middle half€9,078within the sector's middle half▲ 437%
Total assets€7,529below the sector's middle half▼ 13.1%€32,082below the sector's middle half▲ 326%€43,554within the sector's middle half▲ 35.8%€44,147within the sector's middle half▲ 1.4%€56,164within the sector's middle half▲ 27.2%
Debt€22,250▲ 38.4%€30,757▲ 38.2%€44,068▲ 43.3%€42,457▼ 3.7%€47,085▲ 10.9%
Working capital-€14,879▼ 92.6%-€5,274▲ 64.6%-€10,000▼ 89.6%-€4,740▲ 52.6%€5,449
Solvency-195.5%below the sector's middle half▼ 110.0pp4.1%below the sector's middle half▲ 199.7pp-1.2%below the sector's middle half▼ 5.3pp3.8%below the sector's middle half▲ 5.0pp16.2%within the sector's middle half▲ 12.3pp
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 146% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56,164
Fixed assets
€6,155 ▼ 50.8%
Current assets
€50,009 ▲ 58.1%
Equity and liabilities €56,164
Equity
€9,078 ▲ 437%
Debt
€47,085 ▲ 10.9%
Debt's share of the balance-sheet total falls from 96.2% to 83.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,926▲
2024 · €9,837
Cash flow
€13,750▲
2024 · €8,566
Current ratio
1.12▲
2024 · 0.87
Debt to equity
5.19▼
2024 · 25.12
ROE
81.4%▼
2024 · 130.4%
ROA
13.2%▲
2024 · 5.0%
Interest coverage
14.36▲
2024 · 10.04
Debt ≤ 1 year
€44,560▲
2024 · €36,371
Debt > 1 year
€2,525▼
2024 · €6,086
Income taxes
€137▼
2024 · €291
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,049 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €157 | €1,039 | €2,988 | €6,361 | €6,361 | = |
| Other operating charges640/8 | - | €791 | €388 | €430 | €433 | ▲ 0.7% |
| Gross operating margin9900 | -€5,852 | €18,417 | €2,366 | €10,267 | €15,359 | ▲ 49.6% |
| Operating profit (loss)9901 | -€7,084 | €16,587 | -€1,010 | €3,476 | €8,565 | ▲ 146% |
| Financial income75/76B | - | €1 | - | €0 | - | - |
| Recurring financial income75 | - | €1 | - | €0 | - | - |
| Financial charges65/66B | - | €426 | €830 | €980 | €1,039 | ▲ 6.1% |
| Recurring financial charges65 | €109 | €426 | €830 | €980 | €1,039 | ▲ 6.1% |
| Profit (loss) for the period before taxes9903 | -€7,193 | €16,162 | -€1,839 | €2,496 | €7,525 | ▲ 202% |
| Income taxes67/77 | €117 | €116 | - | €291 | €137 | ▼ 53.1% |
| Profit (loss) for the period9904 | -€7,310 | €16,046 | -€1,839 | €2,204 | €7,388 | ▲ 235% |
| Profit (loss) for the period to be appropriated9905 | -€7,310 | €16,046 | -€1,839 | €2,204 | €7,388 | ▲ 235% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7,529 | €32,082 | €43,554 | €44,147 | €56,164 | ▲ 27.2% |
| Fixed assets21/28 | €157 | €6,599 | €18,878 | €12,516 | €6,155 | ▼ 50.8% |
| Tangible fixed assets22/27 | €157 | €6,599 | €18,878 | €12,516 | €6,155 | ▼ 50.8% |
| Plant, machinery and equipment23 | - | €2,698 | €2,325 | €1,952 | €1,579 | ▼ 19.1% |
| Furniture and vehicles24 | - | €3,901 | €16,552 | €10,564 | €4,576 | ▼ 56.7% |
| Current assets29/58 | €7,371 | €25,483 | €24,676 | €31,631 | €50,009 | ▲ 58.1% |
| Amounts receivable within one year40/41 | €1,824 | €8,671 | €5,708 | €1,938 | €8,788 | ▲ 354% |
| Trade receivables40 | - | €8,671 | €5,708 | €1,037 | €7,888 | ▲ 661% |
| Other amounts receivable41 | - | - | - | €901 | €901 | = |
| Cash at bank and in hand54/58 | €5,144 | €16,180 | €18,968 | €29,374 | €41,220 | ▲ 40.3% |
| Deferred charges and accrued income490/1 | - | €632 | - | €320 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7,529 | €32,082 | €43,554 | €44,147 | €56,164 | ▲ 27.2% |
| Equity10/15 | -€14,721 | €1,325 | -€514 | €1,690 | €9,078 | ▲ 437% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €20,150 | €20,150 | = |
| Outside capital11 | - | €18,600 | €18,600 | €20,150 | €20,150 | = |
| Other1109/19 | - | €18,600 | €18,600 | €20,150 | €20,150 | = |
| Reserves13 | €1,550 | €1,550 | €1,550 | - | - | - |
| Non-distributable reserves130/1 | - | €1,550 | €1,550 | - | - | - |
| Reserves not available under the articles1311 | - | €1,550 | €1,550 | - | - | - |
| Profit (loss) carried forward14 | -€34,871 | -€18,825 | -€20,664 | -€18,460 | -€11,072 | ▲ 40.0% |
| Amounts payable17/49 | €22,250 | €30,757 | €44,068 | €42,457 | €47,085 | ▲ 10.9% |
| Amounts payable after more than one year17 | - | - | €9,392 | €6,086 | €2,525 | ▼ 58.5% |
| Financial debts170/4 | - | - | €9,392 | €6,086 | €2,525 | ▼ 58.5% |
| Amounts payable within one year42/48 | €22,250 | €30,757 | €34,676 | €36,371 | €44,560 | ▲ 22.5% |
| Current portion of amounts payable after more than one year42 | - | - | €3,393 | €3,305 | €3,561 | ▲ 7.7% |
| Trade debts44 | €581 | €922 | - | €1,011 | - | - |
| Suppliers440/4 | - | €922 | - | €1,011 | - | - |
| Taxes, remuneration and social security45 | - | €1,386 | €1,195 | €1,235 | €1,673 | ▲ 35.5% |
| Taxes450/3 | - | €1,386 | €1,195 | €1,235 | €1,673 | ▲ 35.5% |
| Other amounts payable47/48 | - | €28,448 | €30,089 | €30,820 | €39,326 | ▲ 27.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,310 | €16,046 | -€1,839 | €2,204 | €7,388 | ▲ 235% |
| + Depreciation and write-downs630 | €157 | €1,039 | €2,988 | €6,361 | €6,361 | = |
| Operating cash flow (approximation) | -€7,153 | €17,085 | €1,148 | €8,566 | €13,750 | ▲ 60.5% |
| Investment in fixed assets (approximation) | - | -€7,480 | -€15,266 | €0 | €0 | - |
| Change in cash | - | €11,035 | €2,788 | €10,406 | €11,846 | ▲ 13.8% |
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
28-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €2,204
Net result €2,204 after one loss-making year.
01-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €16,046
Net result €16,046 after one loss-making year.
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-09
Financial
Back to profitnet €6,455
Net result €6,455 after 2 loss-making years.
2019
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
15-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2011
Ground area
98 m²
Building footprint
68 m²
Volume, LiDAR
519 m³
Parcel 21018B0190/00Y000, Brussels · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SYNERCHANGE
since 20112.203.817.729
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018B0190/00Y000 | Brussels | 98 m² | 1 · 68 m² | 11.0 m · 3 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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Of 3,020 companies in sector 85592 we hold annual accounts for 989. 444 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-07-2011
Fiscal year end30-09
Activities, NACEBEL 2025
85592Vocational training
70200Business and other management consultancy
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837503344
Also
9925:BE0837503344
Registered
27-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.