Latest accounts filed late: after the legal deadline.
Reorganisation running: about 1 in 4 bankrupt within the year
Checked score
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
0
Critical
Without a bankruptcy probability, the score rests on the figures alone.
Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open. There is then no bankruptcy probability from the figures. Of every Belgian company in an open or failed reorganisation, 25% to 26% went bankrupt within twelve months (measured in 2024 and 2025).
Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. Without a bankruptcy probability, the company's Checked score rests on these figures.
Weak
0-31equity -173.3% of total assets
1-26short-term debt 270.7% · cash 0.5%
0=return on assets -187.9%
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
No credit on open account during an ongoing judicial reorganisation
Liquidity is insufficient, with a current ratio of 0.36 (1.2 in 2024), below 1. Short-term debt is 270.7% and cash 0.5% of total assets. Equity is negative.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Three signals.
raises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
The court refused to extend the stay on 21-10-2026 (Belgian Official Gazette 29-10-2026). Of companies whose reorganisation failed in the past year, about 1 in 3 goes bankrupt within twelve months.
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-10-2026, 89 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 59 days after the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 October (4 of the last 5 accounts filed within 30 days either side of that date).
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
These companies have the same main activity as SYNTEC: repair and maintenance of computers and communication equipment (NACE 95100). They are comparable in size and age: total assets between €52,000 and €124,000, founded between 2013 and 2018.