SYNTEC
Special situationThe KBO register records for SYNTEC the legal situation: special situation (code 091); this is today's state according to the register itself, which carries no start date. The annual accounts of SYNTEC for fiscal year 2024 show a net loss of 86% of the equity at the start of that year. The computed 12-month bankruptcy probability is 1.3% (low). The 2024 annual accounts show equity of €14k and a net result of €-88k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 23% of 3539 sector peers (fiscal year 2024).
Checked score
Score 2024
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-63
Solvency31▼-56
Growth32▼-46
Track record70
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 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 1.2 against 2.63 in 2023; short-term debt: 81.8% and cash: 17.8% of total assets), and 93.8% 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
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
6.2%
Return on assets
-38.1%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 3539 sector peers (2024).
NBB · sector comparisonPosition among 3539 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2023
11 d late
2022
69 d late
2021
61 d late
2020
61 d late
2019
55 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-88k
2023 · €2k
2018: €2k
2019: €9k
2020: €32k
2021: €3k
2022: €14k
2023: €2k
2018 → 2024
Working capital
€39k▼ 61.5%
2023 · €101k
2018: €25k
2019: €29k
2020: €51k
2021: €62k
2022: €97k
2023: €101k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€83k-€86k▲ 3.7%€101k▲ 16.3%€103k▲ 2.2%€14k▼ 86.1%
Operating result€47k-€6k▼ 87.8%€41k▲ 623%€11k▼ 73.6%€-81k
Net result€32k-€3k▼ 90.4%€14k▲ 354%€2k▼ 84.6%€-88k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €81k after €11k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €232k
Fixed assets
€4k▲ 63.2%
Current assets
€229k▲ 40.9%
Equity and liabilities €232k
Equity
€14k▼ 86.1%
Debt
€218k▲ 253%
The debt ratio rises from 37.5% to 93.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-81k▼
2023 · €20k
Cash flow
€-88k▼
2023 · €11k
Solvency
6.2%▼
2023 · 62.5%
Current ratio
1.20▼
2023 · 2.63
Quick ratio
0.97▼
2023 · 1.60
Debt / equity
15.23▲
2023 · 0.60
ROE
-618.2%▼
2023 · 2.1%
ROA
-38.1%▼
2023 · 1.3%
Interest coverage
-21.30▼
2023 · 5.08
Debt
€218k▲
2023 · €62k
Debt ≤ 1 year
€190k▲
2023 · €62k
Debt > 1 year
€28k
Income taxes
€3k▼
2023 · €5k
Staff costs
€80k▲
2023 · €54k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€164k€232k▲
Fixed assets21/28€2k€4k▲
Tangible fixed assets22/27€127€2k▲
Furniture and vehicles24€0€1k▲
Other tangible fixed assets26€127€33▼
Financial fixed assets28€2k€2k=
Current assets29/58€162k€229k▲
Amounts receivable after more than one year29€7k-
Trade receivables290€7k-
Stocks and contracts in progress3€64k€44k▼
Stocks30/36€64k€44k▼
Amounts receivable within one year40/41€12k€142k▲
Trade receivables40€3k€111k▲
Other amounts receivable41€9k€30k▲
Cash at bank and in hand54/58€3k€41k▲
Deferred charges and accrued income490/1€77k€1k▼
Equity and liabilities
Total equity and liabilities10/49€164k€232k▲
Equity10/15€103k€14k▼
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€82k€-6k▼
Amounts payable17/49€62k€218k▲
Amounts payable after more than one year17-€28k
Other amounts payable178/9-€28k
Amounts payable within one year42/48€62k€190k▲
Financial debts43€15k€30k▲
Credit institutions430/8€15k€30k▲
Trade debts44€31k€129k▲
Suppliers440/4€31k€129k▲
Taxes, remuneration and social security45€16k€31k▲
Taxes450/3€9k€3k▼
Remuneration and social security454/9€7k€28k▲
Income statement
Code20232024
Remuneration, social security and pensions62€54k€80k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€210▼
Other operating charges640/8€518€3k▲
Gross operating margin9900€74k€1k▼
Operating profit (loss)9901€11k€-81k▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€7k€-85k▼
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€2k€-88k▼
Profit (loss) for the period to be appropriated9905€2k€-88k▼
Appropriation of the result
Profit (loss) to be appropriated9906€82k€-6k▼
Profit (loss) brought forward from the previous period14P€80k€82k▲
Social balance
Average headcount (FTE)90871.9-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
31-12
Financial
Weakest financial yearnet €-88k ▼4171%
Net result drops to €-88k, the lowest in the series.
11-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 11 days late
2023
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 69 days late
2022
31-12
Financial
Equity above €100kEq €101k ▲16.3%
5 profitable years in a row build equity to €101k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €32k ▲264%
Operating result €47k, net result €32k, both a record.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 55 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 5 days late
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2016
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.
de Wautierstraat 1151020 BrusselGround area
257 m²
Building footprint
258 m²
Volume, LiDAR
1,813 m³
Parcel 21815D0214/00B006, Brussels · tallest building 15.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SYNTEC
since 20162.270.028.840
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0214/00B006 | Brussels | 257 m² | 1 · 258 m² | 15.0 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.
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Of 863 companies in sector 95100 we hold annual accounts for 265. 165 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-04-2016
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.