SYNGUARD
ActiveThe annual accounts of SYNGUARD for fiscal year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €345k and a net result of €-494k. Equity is shrinking by ~61.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 19% of 2672 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability3▼-35
Solvency34▼-13
Growth32=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.3 against 2.08 in 2024; short-term debt: 45.4% and cash: 3.9% of total assets), and 91.4% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 2672 sector peers (2025).
NBB · sector comparisonPosition among 2672 sector peers
Solvency
better than 19%
← weakest
strongest →
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 01-06-2026, 60 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
60 d early
2024
44 d early
2023
58 d early
2022
52 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€345k▼ 58.9%
2024 · €839k
2022: €1.92M
2023: €823k
2024: €839k
2022 → 2025
Total assets
€4.03M▲ 6.3%
2024 · €3.79M
2022: €3.08M
2023: €2.06M
2024: €3.79M
2022 → 2025
Net result
€-494k
2024 · €16k
2022: €291k
2023: €332k
2024: €16k
2022 → 2025
Working capital
€550k▼ 58.1%
2024 · €1.31M
2022: €2.22M
2023: €1.26M
2024: €1.31M
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€1.92M-€823k▼ 57.2%€839k▲ 1.9%€345k▼ 58.9%
Operating result€358k-€480k▲ 34.1%€92k▼ 80.9%€-397k
Net result€291k-€332k▲ 13.9%€16k▼ 95.2%€-494k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €397k after €92k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.03M
Fixed assets
€1.65M▲ 30.8%
Current assets
€2.38M▼ 5.9%
Equity and liabilities €4.03M
Equity
€345k▼ 58.9%
Provisions
€501=
Debt
€3.69M▲ 24.9%
The debt ratio rises from 77.9% to 91.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-226k▼
2024 · €116k
Cash flow
€-323k▼
2024 · €40k
Solvency
8.6%▼
2024 · 22.1%
Current ratio
1.30▼
2024 · 2.08
Quick ratio
0.93▼
2024 · 1.40
Debt / equity
10.69▲
2024 · 3.52
ROE
-143.3%▼
2024 · 1.9%
ROA
-12.3%▼
2024 · 0.4%
Interest coverage
-2.53▼
2024 · 2.25
Debt
€3.69M▲
2024 · €2.95M
Debt ≤ 1 year
€1.83M▲
2024 · €1.22M
Debt > 1 year
€1.07M▼
2024 · €1.11M
Income taxes
€8k▼
2024 · €25k
Staff costs
€2.02M▲
2024 · €1.26M
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€3.79M€4.03M▲
Fixed assets21/28€1.26M€1.65M▲
Intangible fixed assets21€22k€389k▲
Tangible fixed assets22/27€1.24M€1.26M▲
Land and buildings22€1.17M€1.14M▼
Plant, machinery and equipment23-€4k
Furniture and vehicles24€57k€109k▲
Leasing and similar rights25€10k-
Financial fixed assets28€5k€5k▲
Current assets29/58€2.53M€2.38M▼
Stocks and contracts in progress3€831k€681k▼
Stocks30/36€793k€640k▼
Contracts in progress37€38k€41k▲
Amounts receivable within one year40/41€1.37M€1.44M▲
Trade receivables40€1.12M€929k▼
Other amounts receivable41€253k€512k▲
Cash at bank and in hand54/58€217k€156k▼
Deferred charges and accrued income490/1€112k€103k▼
Equity and liabilities
Total equity and liabilities10/49€3.79M€4.03M▲
Equity10/15€839k€345k▼
Contributions10/11€256k€256k=
Capital10€256k€256k=
Issued capital100€256k€256k=
Reserves13€111k€111k=
Non-distributable reserves130/1€26k€26k=
Legal reserve130€26k€26k=
Distributable reserves133€85k€85k=
Profit (loss) carried forward14€472k€-22k▼
Provisions and deferred taxes16€501€501=
Provisions for liabilities and charges160/5€501€501=
Pensions and similar obligations160€501€501=
Amounts payable17/49€2.95M€3.69M▲
Amounts payable after more than one year17€1.11M€1.07M▼
Financial debts170/4€749k€706k▼
Other amounts payable178/9€360k€360k=
Amounts payable within one year42/48€1.22M€1.83M▲
Current portion of amounts payable after more than one year42€87k€683k▲
Financial debts43€444k€416k▼
Credit institutions430/8€444k€416k▼
Trade debts44€435k€426k▼
Suppliers440/4€435k€426k▼
Taxes, remuneration and social security45€251k€307k▲
Taxes450/3€90k€64k▼
Remuneration and social security454/9€161k€243k▲
Accrued charges and deferred income492/3€627k€788k▲
Income statement
Code20242025
Non-recurring operating income76A€13k€9k▼
Remuneration, social security and pensions62€1.26M€2.02M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€171k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€16k€41k▲
Non-recurring operating charges66A€840€3k▲
Gross operating margin9900€1.39M€1.84M▲
Operating profit (loss)9901€92k€-397k▼
Financial income75/76B€208€48▼
Recurring financial income75€208€48▼
Financial charges65/66B€51k€90k▲
Recurring financial charges65€51k€90k▲
Profit (loss) for the period before taxes9903€41k€-487k▼
Income taxes67/77€25k€8k▼
Profit (loss) for the period9904€16k€-494k▼
Profit (loss) for the period to be appropriated9905€16k€-494k▼
Appropriation of the result
Profit (loss) to be appropriated9906€472k€-22k▼
Profit (loss) brought forward from the previous period14P€456k€472k▲
Social balance
Average headcount (FTE)908714.820.6▲
The notes to these accounts (24 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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-494k ▼3216%
Net result drops to €-494k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2022net €332k ▲13.9%
Operating result €480k, net result €332k, both a record.
09-06
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.
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, Beringen · 1 establishment unit since 2022
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.
Genebroekstraat 973581 BeringenGround area
2,746 m²
Building footprint
1,043 m²
Volume, LiDAR
7,135 m³
Parcel 71005B1350/00N000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Genebroekstraat 97, 3581 Beringen
since 20222.331.673.330
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71005B1350/00N000 | Flanders | 2,746 m² | 1 · 1,043 m² | 8.3 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 8 entries · 85,492 EUR awarded · 37,259 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 7,363 EUR | 4,421 EUR |
| 2024 | 3 | 60,345 EUR | 15,054 EUR |
| 2023 | 2 | 17,784 EUR | 17,784 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Werkbaarheidscheque (stopgezet)
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Of 16,868 companies in sector 62100 we hold annual accounts for 8,779. 6,018 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-05-2022
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.