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SYNICO

Active
Private limited company (pre-2019)founded 20187 yrs activeKBO/BCE: BE 0707.731.893
Summary

The computed 12-month bankruptcy probability of SYNICO is 7.4% (elevated). For SYNICO, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show negative equity (-€24,664) and a net result of €9,169. Equity is shrinking by ~33.5% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare
SYNICOActive
Risk analysis Report Compare

Checked score

No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
7.4% Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2021
Solvency, return and age of the figures
Solvency
-359.6%
Return on assets
133.7%
Age of the figures
57 mo
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filings
Position against the passed deadline
31-12-2022 close31-07-2023 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-06-2022, 31 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d early
2020
38 d early
2019
17 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 29 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SYNICO was incorporated on 3 October 2018.1 Total assets fell from EUR 16,126 in 2019 to EUR 6,860 in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2021

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Financials · fiscal year 2021, micro schema

Equity
-€24,664▲ 27.1%
2020 · -€33,833
Total assets
€6,860▼ 6.0%
2020 · €7,300
Net result
€9,169
2020 · -€25,690
Working capital
-€24,664▲ 31.4%
2020 · -€35,960
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
Line201920202021
Operating result-€21,996--€25,180▼ 14.5%€9,390
Net result-€22,343--€25,690▼ 15.0%€9,169
Equity-€8,143--€33,833▼ 315%-€24,664▲ 27.1%
Total assets€16,126-€7,300▼ 54.7%€6,860▼ 6.0%
Debt€24,269-€41,134▲ 69.5%€31,524▼ 23.4%
Working capital-€13,103--€35,960▼ 174%-€24,664▲ 31.4%
Staff (FTE)0.5-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0€10,000Operating result 2019: -€21,996-€21,996Net result 2019: -€22,343-€22,343Operating result 2020: -€25,180-€25,180Net result 2020: -€25,690-€25,690Operating result 2021: €9,390€9,390Net result 2021: €9,169€9,169201920202021-€30,000-€20,000-€10,000€0€10,000Operating result 2019: -€21,996-€22,000Net result 2019: -€22,343-€22,300Operating result 2020: -€25,180-€25,200Net result 2020: -€25,690-€25,700Operating result 2021: €9,390€9,390Net result 2021: €9,169€9,170201920202021
The operating result returns to profit in 2021: €9,390 after a loss of €25,180 in 2020, the highest result in the available series.
Key figures and ratios
2021 value · change against 2020
EBITDA
€11,517▲
2020 · -€22,346
Cash flow
€11,296▲
2020 · -€22,857
Solvency
-359.6%▲
2020 · -463.5%
Current ratio
0.22▲
2020 · 0.13
Debt to equity
-1.28
ROA
133.7%▲
2020 · -351.9%
Interest coverage
103.18
Debt ≤ 1 year
€31,524▼
2020 · €41,134
Income taxes
€110▼
2020 · €111
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 32 lines
Balance sheet Code20202021
Assets
Total assets20/58€7,300€6,860▼
Fixed assets21/28€2,127-
Tangible fixed assets22/27€2,127-
Current assets29/58€5,173€6,860▲
Amounts receivable within one year40/41€76€6,163▲
Trade receivables40-€6,163
Cash at bank and in hand54/58€4,581€159▼
Deferred charges and accrued income490/1-€537
Equity and liabilities
Total equity and liabilities10/49€7,300€6,860▼
Equity10/15-€33,833-€24,664▲
Contributions10/11-€14,200
Profit (loss) carried forward14-€48,033-€38,864▲
Amounts payable17/49€41,134€31,524▼
Amounts payable within one year42/48€41,134€31,524▼
Trade debts44€7,898€1,066▼
Suppliers440/4-€1,066
Taxes, remuneration and social security45-€1,200
Taxes450/3-€1,200
Other amounts payable47/48-€29,258
Income statement Code20202021
Non-recurring operating income76A-€4,285
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,833€2,127▼
Other operating charges640/8-€297
Gross operating margin9900-€18,260€11,814▲
Operating profit (loss)9901-€25,180€9,390▲
Financial charges65/66B-€112
Recurring financial charges65€399€112▼
Profit (loss) for the period before taxes9903-€25,579€9,278▲
Income taxes67/77€111€110▼
Profit (loss) for the period9904-€25,690€9,169▲
Profit (loss) for the period to be appropriated9905-€25,690€9,169▲
Appropriation of the result
Profit (loss) to be appropriated9906--€38,864
Profit (loss) brought forward from the previous period14P--€48,033

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201920202021Change
Non-recurring operating income76A--€4,285-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,540€2,833€2,127▼ 24.9%
Other operating charges640/8--€297-
Gross operating margin9900-€578-€18,260€11,814▲ 165%
Operating profit (loss)9901-€21,996-€25,180€9,390▲ 137%
Recurring financial income75€9---
Financial charges65/66B--€112-
Recurring financial charges65€244€399€112▼ 72.0%
Profit (loss) for the period before taxes9903-€22,231-€25,579€9,278▲ 136%
Income taxes67/77€112€111€110▼ 1.7%
Profit (loss) for the period9904-€22,343-€25,690€9,169▲ 136%
Profit (loss) for the period to be appropriated9905-€22,343-€25,690€9,169▲ 136%
Line201920202021Change
Assets
Total assets20/58€16,126€7,300€6,860▼ 6.0%
Fixed assets21/28€4,960€2,127--
Tangible fixed assets22/27€4,960€2,127--
Current assets29/58€11,166€5,173€6,860▲ 32.6%
Amounts receivable within one year40/41€10,649€76€6,163▲ 8,036%
Trade receivables40--€6,163-
Cash at bank and in hand54/58-€4,581€159▼ 96.5%
Deferred charges and accrued income490/1--€537-
Equity and liabilities
Total equity and liabilities10/49€16,126€7,300€6,860▼ 6.0%
Equity10/15-€8,143-€33,833-€24,664▲ 27.1%
Contributions10/11€14,200-€14,200-
Profit (loss) carried forward14-€22,343-€48,033-€38,864▲ 19.1%
Amounts payable17/49€24,269€41,134€31,524▼ 23.4%
Amounts payable within one year42/48€24,269€41,134€31,524▼ 23.4%
Trade debts44€7,494€7,898€1,066▼ 86.5%
Suppliers440/4--€1,066-
Taxes, remuneration and social security45--€1,200-
Taxes450/3--€1,200-
Other amounts payable47/48--€29,258-
Line201920202021Change
Profit (loss) for the period9904-€22,343-€25,690€9,169▲ 136%
+ Depreciation and write-downs630€3,540€2,833€2,127▼ 24.9%
Operating cash flow (approximation)-€18,803-€22,857€11,296▲ 149%
Investment in fixed assets (approximation)-€0--
Change in cash---€4,422-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2022
30-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €9,169
Net result €9,169 after 2 loss-making years.
23-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Weakest financial yearnet -€25,690
Net result drops to -€25,690, the lowest in the series; recovery starts the following year.
14-07
NBB filing Annual accounts filed
fiscal year 2019 · micro 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, Antwerpen
exact location from the address register On OpenStreetMap
Ground area
6,316 m²
Building footprint
199 m²
Volume, LiDAR
35 m³
Parcel 11345B0407/00L003, Flanders · tallest building 6.9 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11345B0407/00L003 Flanders 6,316 m² 1 · 199 m² 6.9 m
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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded03-10-2018
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

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