Synquest
ActiveSummary
The annual accounts of Synquest for fiscal year 2024 show a net loss of 63% of total assets. The 2024 annual accounts show equity of €97,612 and a net result of -€72,206. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 81% of 2277 sector peers (fiscal year 2024). 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 0.9% (low).
Checked score
Score 2024
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-100
Solvency100▲+2
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 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 ample (current ratio 3.88 against 4.64 in 2023; short-term debt: 15.3% and cash: 54.9% of total assets), and 15.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
84.7%
Return on assets
-62.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
23 d early
2022
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€97,612▼ 42.5%
2023 · €169,818
Total assets
€115,264▼ 50.3%
2023 · €231,994
Net result
-€72,206
2023 · €103,386
Working capital
€50,895▼ 62.4%
2023 · €135,402
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
Line202220232024
Operating result-€13,539-€118,249-€71,160
Net result-€13,569-€103,386-€72,206
Equity€46,431-€169,818▲ 266%€97,612▼ 42.5%
Total assets€61,788-€231,994▲ 275%€115,264▼ 50.3%
Debt€15,357-€62,177▲ 305%€17,652▼ 71.6%
Working capital€23,997-€135,402▲ 464%€50,895▼ 62.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Total assets -50% on 2023. Cause not known from the registers.
- 2023 Equity +266%, Total assets +275% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €71,160 after €118,249 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €115,264
Fixed assets
€46,717 ▼ 21.4%
Current assets
€68,547 ▼ 60.3%
Equity and liabilities €115,264
Equity
€97,612 ▼ 42.5%
Debt
€17,652 ▼ 71.6%
Debt's share of the balance-sheet total falls from 26.8% to 15.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€56,479▼
2023 · €127,334
Cash flow
-€57,525▼
2023 · €112,471
Current ratio
3.88▼
2023 · 4.64
Debt to equity
0.18▼
2023 · 0.37
ROE
-74.0%▼
2023 · 60.9%
ROA
-62.6%▼
2023 · 44.6%
Interest coverage
-57.99▼
2023 · 892.51
Debt ≤ 1 year
€17,652▼
2023 · €37,177
Income taxes
€72▼
2023 · €14,759
Staff costs
€0▼
2023 · €1,222
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,225 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.9%
went bankrupt
8.6%
stopped otherwise
87%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 3,225 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1,222 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,386 | €9,085 | €14,681 | ▲ 61.6% |
| Gross operating margin9900 | -€11,153 | €128,556 | -€56,479 | ▼ 144% |
| Operating profit (loss)9901 | -€13,539 | €118,249 | -€71,160 | ▼ 160% |
| Financial income75/76B | €34 | €39 | €0 | ▼ 100% |
| Recurring financial income75 | €34 | €39 | €0 | ▼ 100% |
| Financial charges65/66B | €52 | €143 | €974 | ▲ 583% |
| Recurring financial charges65 | €52 | €143 | €974 | ▲ 583% |
| Profit (loss) for the period before taxes9903 | -€13,556 | €118,145 | -€72,134 | ▼ 161% |
| Income taxes67/77 | €12 | €14,759 | €72 | ▼ 99.5% |
| Profit (loss) for the period9904 | -€13,569 | €103,386 | -€72,206 | ▼ 170% |
| Profit (loss) for the period to be appropriated9905 | -€13,569 | €103,386 | -€72,206 | ▼ 170% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €61,788 | €231,994 | €115,264 | ▼ 50.3% |
| Fixed assets21/28 | €22,434 | €59,416 | €46,717 | ▼ 21.4% |
| Intangible fixed assets21 | €22,434 | €58,057 | €44,362 | ▼ 23.6% |
| Tangible fixed assets22/27 | - | €1,359 | €2,355 | ▲ 73.4% |
| Plant, machinery and equipment23 | - | €1,359 | €2,355 | ▲ 73.4% |
| Current assets29/58 | €39,354 | €172,578 | €68,547 | ▼ 60.3% |
| Amounts receivable within one year40/41 | €18,263 | €62,183 | €3,454 | ▼ 94.4% |
| Trade receivables40 | €13,552 | €37,183 | €0 | ▼ 100% |
| Other amounts receivable41 | €4,711 | €25,000 | €3,454 | ▼ 86.2% |
| Cash at bank and in hand54/58 | €10,566 | €106,441 | €63,233 | ▼ 40.6% |
| Deferred charges and accrued income490/1 | €10,525 | €3,954 | €1,860 | ▼ 53.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €61,788 | €231,994 | €115,264 | ▼ 50.3% |
| Equity10/15 | €46,431 | €169,818 | €97,612 | ▼ 42.5% |
| Contributions10/11 | €60,000 | €80,000 | €80,000 | = |
| Profit (loss) carried forward14 | -€13,569 | €89,818 | €17,612 | ▼ 80.4% |
| Amounts payable17/49 | €15,357 | €62,177 | €17,652 | ▼ 71.6% |
| Amounts payable within one year42/48 | €15,357 | €37,177 | €17,652 | ▼ 52.5% |
| Trade debts44 | €15,344 | €9,926 | €482 | ▼ 95.1% |
| Suppliers440/4 | €15,344 | €9,926 | €482 | ▼ 95.1% |
| Taxes, remuneration and social security45 | €12 | €27,250 | €17,169 | ▼ 37.0% |
| Taxes450/3 | €12 | €24,439 | €15,005 | ▼ 38.6% |
| Remuneration and social security454/9 | - | €2,811 | €2,164 | ▼ 23.0% |
| Other amounts payable47/48 | - | - | €1 | - |
| Accrued charges and deferred income492/3 | - | €25,000 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,569 | €103,386 | -€72,206 | ▼ 170% |
| + Depreciation and write-downs630 | €2,386 | €9,085 | €14,681 | ▲ 61.6% |
| Operating cash flow (approximation) | -€11,183 | €112,471 | -€57,525 | ▼ 151% |
| Investment in fixed assets (approximation) | - | -€46,067 | -€1,983 | ▲ 95.7% |
| Change in cash | - | €95,875 | -€43,208 | ▼ 145% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€72,206
Net result drops to -€72,206, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €103,386
Net result €103,386 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €169,818 ▲266%
Equity rises from €46,431 to €169,818.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · 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, Zaventem · 1 establishment unit since 2022
Ground area
461 m²
Building footprint
192 m²
Volume, LiDAR
1,492 m³
Parcel 23078A0472/00L000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
666
companies at this address
See who is registered here
1 establishment unit
Leuvensesteenweg 246, 1932 Zaventem
since 20222.327.468.973
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0472/00L000 | Flanders | 461 m² | 1 · 192 m² | 10.8 m · 3 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 5 entries · 60,050 EUR awarded · 60,050 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 25,000 EUR |
| 2023 | 3 | 59,000 EUR | 35,050 EUR |
| 2022 | 1 | 1,050 EUR | 0 EUR |
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Of 2,727 companies in sector 63100 we hold annual accounts for 1,271. 981 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0781364692
Also
9925:BE0781364692
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.