SynHERA
ActiveSummary
SynHERA has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €970,202 and a net result of -€43,920. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 50% of 471 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability15▼-72
Solvency89▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 3.64 against 7.26 in 2023; short-term debt: 27.4% and cash: 54.3% of total assets), and 36.3% of the assets are financed with debt.
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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 94
Relative position
BE, all sectors
reference
Activities of membership organisations (NACE 94)
about 92% 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
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 2024Solvency, return and age of the figures
Solvency
63.7%
Return on assets
-2.9%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
14 d early
2022
61 d early
2021
27 d early
2020
327 d late
2019
692 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 162 days after the deadline; the sector median for financial year 2024 is 29 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€74,240
EBIT margin
770.9%
Net result
-€43,920
2023 · €214,734
Working capital
€1.1m▼ 11.0%
2023 · €1.2m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result-€326,446▲ 43.0%€634,447€130,451▼ 79.4%€218,511▲ 67.5%-€42,636
Net result-€328,274▲ 42.8%€631,067€126,414▼ 80.0%€214,734▲ 69.9%-€43,920
EBIT margin
Equity€41,905▼ 88.7%€672,973▲ 1,506%€799,387▲ 18.8%€1.0m▲ 26.9%€970,202▼ 4.3%
Total assets€245,134▼ 51.2%€1.0m▲ 311%€1.2m▲ 19.8%€1.4m▲ 19.6%€1.5m▲ 5.4%
Debt€203,229▲ 53.8%€313,744▲ 54.4%€381,033▲ 21.4%€297,032▼ 22.0%€421,042▲ 41.7%
Working capital€32,770▼ 90.7%€690,883▲ 2,008%€812,301▲ 17.6%€1.2m▲ 52.3%€1.1m▼ 11.0%
Staff (FTE)13.1▲ 4.8%11.6▼ 11.5%10.8▼ 6.9%12.3▲ 13.9%13.8▲ 12.2%
Why a figure moved sharply
- 2022 Net result -80% on 2021. Cause not known from the registers.
- 2021 Equity +1,506%, Total assets +311% on 2020. Cause not known from the registers.
- 2020 Equity -89%, Total assets -51% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €42,636 after €218,511 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€4,949 ▼ 48.8%
Current assets
€1.5m ▲ 5.8%
Equity and liabilities €1.5m
Equity
€970,202 ▼ 4.3%
Provisions
€131,920 ▼ 1.0%
Debt
€421,042 ▲ 41.7%
Debt's share of the balance-sheet total rises from 20.6% to 27.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€36,385▼
2023 · €225,088
Cash flow
-€37,669▼
2023 · €221,311
Current ratio
3.64▼
2023 · 7.26
Debt to equity
0.43▲
2023 · 0.29
ROE
-4.5%▼
2023 · 21.2%
ROA
-2.9%▼
2023 · 14.9%
Interest coverage
-10.04▼
2023 · 44.95
Debt ≤ 1 year
€417,335▲
2023 · €197,601
Staff costs
€1.2m▲
2023 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
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 8,594 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €50 | €23,004 | - | €1.6m | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €391,115 | - |
| Remuneration, social security and pensions62 | €996,006 | €1.1m | €908,721 | €1.1m | €1.2m | ▲ 10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,552 | €6,563 | €6,068 | €6,577 | €6,251 | ▼ 5.0% |
| Other operating charges640/8 | €16 | €1 | - | - | - | - |
| Non-recurring operating charges66A | - | €137,129 | - | - | - | - |
| Gross operating margin9900 | €679,128 | €1.9m | €1.1m | €1.4m | €1.2m | ▼ 18.1% |
| Operating profit (loss)9901 | -€326,446 | €634,447 | €130,451 | €218,511 | -€42,636 | ▼ 120% |
| Financial income75/76B | €105 | €4 | €1 | €1,231 | €2,341 | ▲ 90.1% |
| Recurring financial income75 | €105 | €4 | €1 | €1,231 | €2,341 | ▲ 90.1% |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | €1,934 | €3,384 | €4,037 | €5,008 | €3,625 | ▼ 27.6% |
| Recurring financial charges65 | €1,934 | €3,383 | €4,037 | €5,008 | €3,625 | ▼ 27.6% |
| Non-recurring financial charges66B | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€328,274 | €631,067 | €126,414 | €214,734 | -€43,920 | ▼ 120% |
| Profit (loss) for the period9904 | -€328,274 | €631,067 | €126,414 | €214,734 | -€43,920 | ▼ 120% |
| Profit (loss) for the period to be appropriated9905 | -€328,274 | €631,067 | €126,414 | €214,734 | -€43,920 | ▼ 120% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €245,134 | €1.0m | €1.2m | €1.4m | €1.5m | ▲ 5.4% |
| Fixed assets21/28 | €9,135 | €3,871 | €14,709 | €9,658 | €4,949 | ▼ 48.8% |
| Tangible fixed assets22/27 | €6,130 | €866 | €11,704 | €6,653 | €1,944 | ▼ 70.8% |
| Plant, machinery and equipment23 | €6,130 | €866 | €11,704 | €6,653 | - | - |
| Furniture and vehicles24 | - | - | - | - | €1,944 | - |
| Financial fixed assets28 | €3,005 | €3,005 | €3,005 | €3,005 | €3,005 | = |
| Current assets29/58 | €235,999 | €1.0m | €1.2m | €1.4m | €1.5m | ▲ 5.8% |
| Amounts receivable within one year40/41 | €24,618 | €509,414 | €859,993 | €754,897 | €536,313 | ▼ 29.0% |
| Trade receivables40 | €105 | €155 | €5,764 | €4,921 | €26,876 | ▲ 446% |
| Other amounts receivable41 | €24,512 | €509,259 | €854,229 | €749,976 | €509,437 | ▼ 32.1% |
| Cash at bank and in hand54/58 | €211,381 | €396,012 | €224,121 | €556,709 | €827,345 | ▲ 48.6% |
| Deferred charges and accrued income490/1 | - | €99,201 | €109,220 | €123,196 | €154,556 | ▲ 25.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €245,134 | €1.0m | €1.2m | €1.4m | €1.5m | ▲ 5.4% |
| Equity10/15 | €41,905 | €672,973 | €799,387 | €1.0m | €970,202 | ▼ 4.3% |
| Reserves13 | - | €100,000 | €200,000 | €300,000 | €300,000 | = |
| Profit (loss) carried forward14 | €41,905 | €572,973 | €599,387 | €714,121 | €670,202 | ▼ 6.2% |
| Provisions and deferred taxes16 | - | €21,780 | €27,623 | €133,306 | €131,920 | ▼ 1.0% |
| Provisions for liabilities and charges160/5 | - | €21,780 | €27,623 | €133,306 | €131,920 | ▼ 1.0% |
| Other liabilities and charges164/5 | - | €21,780 | €27,623 | €133,306 | €131,920 | ▼ 1.0% |
| Amounts payable17/49 | €203,229 | €313,744 | €381,033 | €297,032 | €421,042 | ▲ 41.7% |
| Amounts payable after more than one year17 | - | - | - | €98,742 | - | - |
| Other amounts payable178/9 | - | - | - | €98,742 | - | - |
| Amounts payable within one year42/48 | €203,229 | €313,744 | €381,033 | €197,601 | €417,335 | ▲ 111% |
| Trade debts44 | €203,213 | €71,988 | €97,407 | €41,115 | €25,114 | ▼ 38.9% |
| Suppliers440/4 | €203,213 | €71,988 | €97,407 | €41,115 | €25,114 | ▼ 38.9% |
| Advances received on contracts in progress46 | - | €2,009 | - | - | - | - |
| Taxes, remuneration and social security45 | €16 | €99,201 | €112,535 | €125,580 | €196,751 | ▲ 56.7% |
| Taxes450/3 | €16 | - | - | €491 | €43,874 | ▲ 8,841% |
| Remuneration and social security454/9 | - | €99,201 | €112,535 | €125,089 | €152,877 | ▲ 22.2% |
| Accrued charges and deferred income492/3 | - | - | - | €690 | €3,707 | ▲ 437% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€328,274 | €631,067 | €126,414 | €214,734 | -€43,920 | ▼ 120% |
| + Depreciation and write-downs630 | €9,552 | €6,563 | €6,068 | €6,577 | €6,251 | ▼ 5.0% |
| Operating cash flow (approximation) | -€318,722 | €637,630 | €132,483 | €221,311 | -€37,669 | ▼ 117% |
| Investment in fixed assets (approximation) | - | -€1,298 | -€16,907 | -€1,525 | -€1,542 | ▼ 1.1% |
| Change in cash | - | €184,631 | -€171,891 | €332,588 | €270,636 | ▼ 18.6% |
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
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 7.26
Current ratio from 3.13 to 7.26; short-term debt falls from €381,033 to €197,601.
31-12
Financial
Equity above €1mEq €1.0m ▲26.9%
3 profitable years in a row build equity to €1.0m.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 327 days late
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 692 days late
2021
31-12
Financial
Back to profitnet €631,067
Net result €631,067 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 3.20
Current ratio from 1.16 to 3.20.
31-12
Financial
Equity above €500,000Eq €672,973 ▲1,506%
Equity rises from €41,905 to €672,973.
2019
31-12
Financial
Weakest financial yearnet -€573,557
Net result drops to -€573,557, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Namur · 2 establishment units since 2008
Ground area
3.4 ha
Building footprint
1.5 ha
Volume, LiDAR
133,054 m³
2 parcels, Brussels, Wallonia · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
SynHERA
since 20082.197.450.272
SynHERA
since 20192.377.408.632
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92095B0011/00M003 | Wallonia | 3.1 ha | 1 · 1.3 ha | 13.2 m · 3 fl. |
| 21363B0348/00A002 | Brussels | 3,170 m² | 1 · 2,221 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Wallonia-Brussels Federation
2023 to 2025 · 14 entries · 788,424 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 3 | 291,722 EUR |
| 2024 | 7 | 306,612 EUR |
| 2023 | 4 | 190,090 EUR |
Budget allocations
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Of 1,008 companies in sector 94120 we hold annual accounts for 351. 281 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded27-01-1999
Fiscal year end31-12
Activities, NACEBEL 2025
94120Activities of professional membership organisations
Contact
E-invoicing
Not found in the Peppol register
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Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.