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Public limited companyfounded 2018active for 8 yearsHerkenrodesingel 16, 3500 Hasselt, BelgiumKBO/BCE: BE 0698.779.882

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 26-05-2026 PDF all 7 filings

Equity
€9.5m▼ 1.8%
2024 · €9.7m
Net result
-€174,125▲ 23.6%
2024 · -€227,961
Total assets
€12.8m▼ 0.1%
2024 · €12.8m
Solvency
74.1%▼ 1.3pp
2024 · 75.4%
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is a loss of €7,805, smaller than the loss of €8,653 in 2024.

Operating result-€0.008m 2025 Net result-€0.2m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€0.02m-€0.02m▼ 10.7%€0.1m▲ 459%€0.1m▼ 16.4%€0.1m▲ 21.3%-€0.009m-€0.008m▲ 9.8%
Net result-€0.1m-€0.05mwithin the sector's middle half€0.02mwithin the sector's middle half▼ 61.7%€0.003mbelow the sector's middle half▼ 85.9%€1.5mabove the sector's middle half▲ 536×-€0.2mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 23.6%
Equity€8.4m-€8.4mabove the sector's middle half▲ 0.6%€8.4mabove the sector's middle half▲ 0.2%€8.4mabove the sector's middle half=€9.9mabove the sector's middle half▲ 17.3%€9.7mabove the sector's middle half▼ 2.3%€9.5mabove the sector's middle half▼ 1.8%
Total assets€17.0m-€17.1mabove the sector's middle half▲ 0.8%€17.0mabove the sector's middle half▼ 0.8%€17.2mabove the sector's middle half▲ 1.3%€17.1mabove the sector's middle half▼ 0.8%€12.8mabove the sector's middle half▼ 24.9%€12.8mabove the sector's middle half▼ 0.1%
Debt€8.6m-€8.7m▲ 0.9%€8.6m▼ 1.8%€8.8m▲ 2.6%€7.2m▼ 18.2%€3.2m▼ 56.1%€3.3m▲ 5.3%
Working capital-€4.1m--€4.3mbelow the sector's middle half▼ 4.8%-€5.2mbelow the sector's middle half▼ 22.9%-€6.2mbelow the sector's middle half▼ 19.2%-€4.8mbelow the sector's middle half▲ 23.5%-€2.9mbelow the sector's middle half▲ 40.2%-€3.2mbelow the sector's middle half▼ 13.5%
Solvency49.2%-49.1%within the sector's middle half▼ 0.1pp49.6%within the sector's middle half▲ 0.5pp49.0%within the sector's middle half▼ 0.6pp57.9%within the sector's middle half▲ 8.9pp75.4%within the sector's middle half▲ 17.5pp74.1%within the sector's middle half▼ 1.3pp
Current ratio0.00-0.03below the sector's middle half▲ 0.030.00below the sector's middle half▼ 0.030.04below the sector's middle half▲ 0.040.02below the sector's middle half▼ 0.020.03below the sector's middle half▲ 0.010.03below the sector's middle half▼ 0.01
Return on assets (ROA)-0.8%-0.3%within the sector's middle half▲ 1.0pp0.1%below the sector's middle half▼ 0.2pp0.0%below the sector's middle half▼ 0.1pp8.6%within the sector's middle half▲ 8.6pp-1.8%below the sector's middle half▼ 10.3pp-1.4%below the sector's middle half▲ 0.4pp
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.8m
Fixed assets €12.7m =
Current assets €85,709 ▼ 8.7%
Equity and liabilities €12.8m
Equity €9.5m ▼ 1.8%
Debt €3.3m ▲ 5.3%
Debt's share of the balance-sheet total rises from 24.6% to 25.9%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
ROE
-1.8%▲
2024 · -2.4%
Debt ≤ 1 year
€3.3m▲
2024 · €2.9m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as SynUp: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €11m and €15m, founded between 2018 and 2019.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
SynUp Hasselt2018€12.8m€9.5m-€0.006m-€0.2m-2025
RED PANDA Sint-Truiden2019€11.0m-€0.04m-€0.001m-€0.003m02025
Lina Invest Nazareth-De Pinte2018€13.9m€13.9m-€0.002m-€0.01m-2025
VITAFOR Invest Sint-Niklaas2018€11.4m€3.9m-€0.04m-€0.1m02026
Iris La Hulpe La Hulpe2018€10.9m€7.0m-€0.01m-€0.04m-2025
Driessen Shipmanagement Schilde2018€10.9m€1.0m-€0.2m€1.0m02025
So Easy Holding Lokeren2018€15.4m€14.1m-€0.06m-€0.3m-2024

They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines

Source: Annual accounts 2025 (PDF), filed on 26-05-2026.

Balance sheet Code20242025
Assets
Total assets20/58€12.8m€12.8m▼
Fixed assets21/28€12.7m€12.7m=
Financial fixed assets28€12.7m€12.7m=
Current assets29/58€0.09m€0.09m▼
Amounts receivable within one year40/41€0.001m€0.001m▲
Other amounts receivable41€0.001m€0.001m▲
Cash at bank and in hand54/58€0.09m€0.08m▼
Equity and liabilities
Total equity and liabilities10/49€12.8m€12.8m▼
Equity10/15€9.7m€9.5m▼
Contributions10/11€8.5m€8.5m=
Capital10€8.5m€8.5m=
Issued capital100€8.5m€8.5m=
Reserves13€0.07m€0.07m=
Non-distributable reserves130/1€0.07m€0.07m=
Legal reserve130€0.07m€0.07m=
Profit (loss) carried forward14€1.1m€0.9m▼
Amounts payable17/49€3.2m€3.3m▲
Amounts payable within one year42/48€2.9m€3.3m▲
Financial debts43€2.9m€2.9m=
Other loans439€2.9m€2.9m=
Trade debts44€0.002m€0.002m▼
Suppliers440/4€0.002m€0.002m▼
Other amounts payable47/48-€0.4m
Accrued charges and deferred income492/3€0.2m-
Income statement Code20242025
Other operating charges640/8€148€0.002m▲
Gross operating margin9900-€0.009m-€0.006m▲
Operating profit (loss)9901-€0.009m-€0.008m▲
Financial charges65/66B€0.2m€0.2m▼
Recurring financial charges65€0.2m€0.2m▼
Profit (loss) for the period before taxes9903-€0.2m-€0.2m▲
Profit (loss) for the period9904-€0.2m-€0.2m▲
Profit (loss) for the period to be appropriated9905-€0.2m-€0.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.1m€0.9m▼
Profit (loss) brought forward from the previous period14P€1.3m€1.1m▼

The notes to these accounts have 1 item. You find them in the filed accounts (PDF).

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.002m€0.001m€0.001m€0.001m€0.001m---
Other operating charges640/8--€0.001m€0.001m€0.001m€148€0.002m▲ 15×
Non-recurring operating charges66A---€0.02m----
Gross operating margin9900€0.03m€0.02m€0.1m€0.1m€0.1m-€0.009m-€0.006m▲ 33.9%
Operating profit (loss)9901€0.02m€0.02m€0.1m€0.1m€0.1m-€0.009m-€0.008m▲ 9.8%
Financial income75/76B----€1.4m---
Recurring financial income75-€0.1m--€1.4m---
Financial charges65/66B--€0.1m€0.1m€0.08m€0.2m€0.2m▼ 24.2%
Recurring financial charges65€0.2m€0.1m€0.1m€0.1m€0.08m€0.2m€0.2m▼ 24.2%
Profit (loss) for the period before taxes9903-€0.1m€0.05m€0.02m€0.003m€1.5m-€0.2m-€0.2m▲ 23.6%
Profit (loss) for the period9904-€0.1m€0.05m€0.02m€0.003m€1.5m-€0.2m-€0.2m▲ 23.6%
Profit (loss) for the period to be appropriated9905-€0.1m€0.05m€0.02m€0.003m€1.5m-€0.2m-€0.2m▲ 23.6%
Line2019202020212022202320242025Change
Assets
Total assets20/58€17.0m€17.1m€17.0m€17.2m€17.1m€12.8m€12.8m▼ 0.1%
Formation expenses20€0.004m€0.003m€0.002m€0.001m----
Fixed assets21/28€17.0m€17.0m€17.0m€17.0m€17.0m€12.7m€12.7m=
Financial fixed assets28€17.0m€17.0m€17.0m€17.0m€17.0m€12.7m€12.7m=
Current assets29/58€0.01m€0.1m€0.005m€0.2m€0.1m€0.09m€0.09m▼ 8.7%
Amounts receivable within one year40/41€0.006m€0.1m-€0.2m-€0.001m€0.001m▲ 4.8%
Trade receivables40---€0.2m----
Other amounts receivable41---€0.008m-€0.001m€0.001m▲ 4.8%
Cash at bank and in hand54/58€0.004m€0.009m€0.005m€0.007m€0.1m€0.09m€0.08m▼ 8.9%
Equity and liabilities
Total equity and liabilities10/49€17.0m€17.1m€17.0m€17.2m€17.1m€12.8m€12.8m▼ 0.1%
Equity10/15€8.4m€8.4m€8.4m€8.4m€9.9m€9.7m€9.5m▼ 1.8%
Contributions10/11€8.5m€8.5m€8.5m€8.5m€8.5m€8.5m€8.5m=
Capital10--€8.5m€8.5m€8.5m€8.5m€8.5m=
Issued capital100--€8.5m€8.5m€8.5m€8.5m€8.5m=
Reserves13----€0.07m€0.07m€0.07m=
Non-distributable reserves130/1----€0.07m€0.07m€0.07m=
Legal reserve130----€0.07m€0.07m€0.07m=
Profit (loss) carried forward14-€0.1m-€0.08m-€0.06m-€0.06m€1.3m€1.1m€0.9m▼ 15.7%
Amounts payable17/49€8.6m€8.7m€8.6m€8.8m€7.2m€3.2m€3.3m▲ 5.3%
Amounts payable after more than one year17€4.6m€4.3m€3.3m€2.3m€2.3m---
Financial debts170/4--€3.3m€2.3m€2.3m---
Amounts payable within one year42/48€4.1m€4.4m€5.2m€6.5m€4.9m€2.9m€3.3m▲ 12.8%
Current portion of amounts payable after more than one year42--€1.0m€1.0m€0.3m---
Financial debts43--€4.2m€5.4m€4.6m€2.9m€2.9m=
Other loans439--€4.2m€5.4m€4.6m€2.9m€2.9m=
Trade debts44--€0.004m€0.03m-€0.002m€0.002m▼ 1.7%
Suppliers440/4--€0.004m€0.03m-€0.002m€0.002m▼ 1.7%
Taxes, remuneration and social security45--€357-€0.001m---
Taxes450/3--€357-€0.001m---
Other amounts payable47/48----€0.07m-€0.4m-
Accrued charges and deferred income492/3-----€0.2m--
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€0.1m€0.05m€0.02m€0.003m€1.5m-€0.2m-€0.2m▲ 23.6%
+ Depreciation and write-downs630€0.002m€0.001m€0.001m€0.001m€0.001m---
Operating cash flow (approximation)-€0.1m€0.05m€0.02m€0.004m€1.5m-€0.2m-€0.2m▲ 23.6%
Investment in fixed assets (approximation)--€0.001m-€0.001m-€0.001m-€0.001m€4.3m€0▼ 100%
Change in cash-€0.006m-€0.004m€0.001m€0.1m-€0.009m-€0.008m▲ 8.7%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (7)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 26-05-2026 2026-00119752 PDF
31-12-2024 abbreviated format 23-06-2025 2025-00162469 PDF
31-12-2023 abbreviated format 11-07-2024 2024-00233468 PDF
31-12-2022 abbreviated format 29-06-2023 2023-00184436 PDF
31-12-2021 abbreviated format 15-06-2022 2022-20071526 PDF
31-12-2020 abbreviated format 25-06-2021 2021-25200600 PDF
31-12-2019 abbreviated format 03-07-2020 2020-26700526 PDF

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