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Synergy Plastics

Active
Dorp West 100 ·2070 Beveren-Kruibeke-Zwijndrecht, Belgium
Open bankruptcy
KBO/BCE: BE 0763.397.918
Watch Print / PDF
Age5 yrs
Real estate1 parcel · 1,088 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for Synergy Plastics according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €336k and a net result of €277k.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Insolvency timeline

1 events
16-09-2024
Bankruptcy Opening
Date: 10-09-2024 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SYNERGY PLASTICS BV DORP WEST 100, 2070 BURCHT-ZWIJNDRECHT · Publications in State Gazette ↗

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 14 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-09-2025, 39 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 08-09-2025 39 d late 2025-00487571
31-12-2023 31-07-2024 22-04-2024 100 d early 2024-00068652
31-12-2022 31-07-2023 27-06-2023 34 d early 2023-00161433
31-12-2021 31-07-2022 25-07-2022 6 d early 2022-20220589

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

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.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€277k+650.8%
Working capital€336k+468.6%
Directors1

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 08-09-2025 with the NBB · fiscal year 2024 · verkort
€0€200k€400k€600kOperating result 2021: €3k€3kNet result 2021: €2k€2kOperating result 2022: €57k€57kNet result 2022: €37k€37kOperating result 2023: €523k€523kNet result 2023: €277k€277k202120222023
Operating resultNet result
Net profit
€277k
+650.8% 21-23
Total assets
€8.64M
+546.1% 21-23
Equity
€336k
+468.6% 21-23
Working capital
€336k
+468.6% 21-23
Income taxes
€101k
+647.2% 21-23
Debt
€8.30M
+549.7% 21-23
Debt ≤ 1y
€8.30M
+549.7% 21-23
Current ratio
1.04
-0.6% 21-23
Quick ratio
1.04
-0.6% 21-23
Solvency
3.9%
-12.0% 21-23
Debt / equity
24.68
+14.3% 21-23
ROE
82.4%
+32.0% 21-23
ROA
3.2%
+16.2% 21-23
Figures by fiscal year
Fiscal year2023
Depositverkort
Revenue-
EBITDA-
Net profit€277k
Cash flow-
Staff costs-
Income taxes€101k
Dividends-
Total assets€8.64M
Equity€336k
Debt€8.30M
of which ≤ 1y€8.30M
of which > 1y-
Working capital€336k
Employees (FTE)-
Ratios (computed)
2023
Current ratio1.04
Quick ratio1.04
Working capital ratio3.9%
Solvency3.9%
Debt / equity24.68
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA3.2%
ROE82.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€8.64M
Current assets 29/58€8.64M
Amounts receivable within one year 40/41€8.17M
Cash & bank 54/58€469k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€8.64M
Equity 10/15€336k
Contributions / capital 10/11€20k
Accumulated profits (losses) 14€316k
Amounts payable 17/49€8.30M
Amounts payable within one year 42/48€8.30M
Trade debts payable within one year 44€179k
Income statement
Gross operating margin 9900€524k
Operating result 9901€523k
Financial income 75€179k
Financial charges 65€324k
Result before taxes 9903€378k
Income taxes 67/77€101k
Net result for the period 9904€277k
Result to be appropriated 9905€277k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
8 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

1 director
Former directors (1)
  • Deepak Rathi
    Director
    State Gazette act 24151283 (22-10-2024)
    Former
    - → 01-08-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator INGE VANHOUTTE
HEIDEBAAN 130 E, 9100 SINT- NIKLAAS
 10-09-2024 → present Belgian State Gazette

Legal Structure

NACE primary Groothandel in ijzer- en staalschroot en in oude non-ferrometalen(46872)
Legal form Private limited company(610)
Incorporation09-02-2021
StatusActive
Postal code2070
First BS signal 16-09-2024
Latest BS signal 16-09-2024

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Dorp West 1002070 Beveren-Kruibeke-Zwijndrecht

Establishment units

1 location
Synergy Plastics
Dorp West 100, 2070 Beveren-Kruibeke-ZwijndrechtGroothandel in ijzer- en staalschroot en in oude non-ferrometalen
since 20212.315.002.691
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,088 m²
Buildings1
Building footprint315 m²
Volume (LiDAR)1,744 m³
Tallest building10.0 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.
11056A0360/00V002 Flanders 1,087 m² 1 · 314 m² 10.0 m · 1 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.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
16-09-2024
Bankruptcy Opening
Date: 10-09-2024 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SYNERGY PLASTICS BV DORP WEST 100, 2070 BURCHT-ZWIJNDRECHT · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-09-16 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

2 acts
All acts · 2 updated 1 year ago
2024
22-10-2024 Deepak Rathi resigns as director Director changes
  • Deepak Rathi, Bestuurder
04-07-2024 Steven Vyvey appointed as statutory auditor Director changes
  • Steven Vyvey, Commissaris

Analysis

Snowflake analysis

financial profile on 5 axes
Health8Profitability100Solvency15Growth78Stability0
40 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 8
Profitability 100
Solvency 15
Growth 78
Stability 0

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 34 of the 412 companies in this sector. 26 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Groothandel in ijzer- en staalschroot en in oude non-ferrometalen46772Groothandel in ijzer- en staalschroot en in oude non-ferrometalen46872Groothandel in afval en schroot, n.e.g.46779Groothandel in afval en schroot, neg46879
Primary activity highlighted.
Names & trade names
Legal nameNL Synergy Plastics
Registered office
Dorp West 100
2070 Beveren-Kruibeke-Zwijndrecht, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.