SYNFLOW
ActiveSummary
SYNFLOW has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €170,189 and a net result of €38,970. Its solvency ranks better than 38% of 5,669 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Staff
- 1.8 FTE
- Equity
- €170,189
- Profit
- €38,970
- Largest shareholder
- ASCOT DEVELOPMENT · 50%
Why 71raises risk1 change of registered office in 24 monthsFounded in 2023lowers riskSector: Real estate activities (NACE 68)Figures for financial year 2025 (filed 09-07-2026)Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 45% on solvency, 32% on liquidity, 71% on profitability and 80% on growth.
The bankruptcy probability was computed on 11-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 44 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Registered officeRegistered-office move · Power of…
- Annual accounts filedfinancial year 2025 · full…
- Equity above €150,000equity €170,189 ▲29.7%
Financials · financial year 2025, full format
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is 4% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% 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 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 7,976 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €39,622 | €126,126 | ▲ 218% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €31,352 | - |
| Other operating charges640/8 | €772 | €144 | ▼ 81.3% |
| Non-recurring operating charges66A | - | €684 | - |
| Gross operating margin9900 | €80,686 | €200,322 | ▲ 148% |
| Operating profit (loss)9901 | €40,293 | €42,015 | ▲ 4.3% |
| Financial income75/76B | €486 | €10,561 | ▲ 2,071% |
| Recurring financial income75 | €486 | €10,561 | ▲ 2,071% |
| Financial charges65/66B | €2,955 | €315 | ▼ 89.3% |
| Recurring financial charges65 | €2,955 | €315 | ▼ 89.3% |
| Profit (loss) for the period before taxes9903 | €37,824 | €52,260 | ▲ 38.2% |
| Income taxes67/77 | €6,605 | €13,290 | ▲ 101% |
| Profit (loss) for the period9904 | €31,219 | €38,970 | ▲ 24.8% |
| Profit (loss) for the period to be appropriated9905 | €31,219 | €38,970 | ▲ 24.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €384,466 | €668,217 | ▲ 73.8% |
| Formation expenses20 | €3,282 | €2,188 | ▼ 33.3% |
| Fixed assets21/28 | €151,247 | €125,991 | ▼ 16.7% |
| Intangible fixed assets21 | €6,350 | €5,080 | ▼ 20.0% |
| Tangible fixed assets22/27 | €144,672 | €120,686 | ▼ 16.6% |
| Plant, machinery and equipment23 | €144,672 | €120,686 | ▼ 16.6% |
| Financial fixed assets28 | €225 | €225 | = |
| Current assets29/58 | €229,938 | €540,038 | ▲ 135% |
| Stocks and contracts in progress3 | €140,295 | €147,880 | ▲ 5.4% |
| Stocks30/36 | €8,404 | €78,685 | ▲ 836% |
| Contracts in progress37 | €131,891 | €69,195 | ▼ 47.5% |
| Amounts receivable within one year40/41 | €75,788 | €323,597 | ▲ 327% |
| Trade receivables40 | €55,303 | €203,013 | ▲ 267% |
| Other amounts receivable41 | €20,485 | €120,584 | ▲ 489% |
| Cash at bank and in hand54/58 | €677 | €61,300 | ▲ 8,953% |
| Deferred charges and accrued income490/1 | €13,178 | €7,261 | ▼ 44.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €384,466 | €668,217 | ▲ 73.8% |
| Equity10/15 | €131,219 | €170,189 | ▲ 29.7% |
| Contributions10/11 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | = |
| Reserves13 | €31,219 | €70,189 | ▲ 125% |
| Distributable reserves133 | €31,219 | €70,189 | ▲ 125% |
| Amounts payable17/49 | €253,247 | €498,027 | ▲ 96.7% |
| Amounts payable after more than one year17 | €173,000 | €199,280 | ▲ 15.2% |
| Financial debts170/4 | €173,000 | €199,280 | ▲ 15.2% |
| Amounts payable within one year42/48 | €80,247 | €298,747 | ▲ 272% |
| Trade debts44 | €61,661 | €268,253 | ▲ 335% |
| Suppliers440/4 | €61,661 | €268,253 | ▲ 335% |
| Taxes, remuneration and social security45 | €18,586 | €30,494 | ▲ 64.1% |
| Taxes450/3 | €7,791 | €19,895 | ▲ 155% |
| Remuneration and social security454/9 | €10,795 | €10,599 | ▼ 1.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €31,219 | €38,970 | ▲ 24.8% |
| + Depreciation and write-downs630 | - | €31,352 | - |
| Operating cash flow (approximation) | €31,219 | €70,322 | ▲ 125% |
| Investment in fixed assets (approximation) | - | -€6,097 | - |
| Change in cash | - | €60,623 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €2,530 awarded · €2,530 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €654 | €654 |
| 2024 | 1 | €1,051 | €1,051 |
| 2023 | 1 | €825 | €825 |
Public contracts: not fully processed yet. The notices from August 2025 to September 2026 are still being read.
Directors
Owners and capital
Owners
2 ownersOwners 2
-
50%
- Sourceaccounts VTCO 202550%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
No directors read yet: 1 of 2 Gazette acts processed.
History
Acts, filings and financial milestones
21-09
Gazette deed
Registered officeRegistered-office move · Power of attorney4 facts ▸
- Board meeting, 07-09-2026
- Registered-office move, Nijverheidsstraat 13, 2260 Westerlo
- Power of attorney, NV TITECA
- Other provision, “Naam en hoedanigheid van de instrumenterende notaris, hetzij van de perso(o)n(en) bevoegd de vereniging, stichting of het organisme ten aanzien van derden te ve…” (deed in Dutch)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 11 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0802.856.825
Recognitions · licences · registrations
Recognised contractor
4 categories- D16 Sanitary installations and gas heating with individual appliancesclass 2, up to €330,000
- D17 Central heating, thermal installationsclass 2, up to €330,000
- D18 Ventilation, warm-air heating and air conditioningclass 2, up to €330,000
- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 2, up to €330,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13028B0138/00V000 | Flanders | 2.4 ha | 1 · 1,680 m² | 30.0 m · 8 |