Syo
ActiveSummary
Syo has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €368k and a net result of €37k. Equity is growing by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 22% of 15367 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-2
Solvency53▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.84 in 2023; short-term debt: 28.5% and cash: 0% of total assets), and 72.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 15367 sector peers (2024).
NBB · sector comparisonPosition among 15367 sector peers
Solvency
better than 22%
← 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 08-09-2025, 39 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
39 d late
2023
48 d late
2022
70 d late
2021
31 d late
2020
17 d early
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€368k▲ 11.2%
2023 · €331k
2018: €128k
2019: €131k
2020: €152k
2021: €219k
2022: €302k
2023: €331k
2018 → 2024
Total assets
€1.32M▲ 5.3%
2023 · €1.25M
2018: €643k
2019: €678k
2020: €1.11M
2021: €1.35M
2022: €1.36M
2023: €1.25M
2018 → 2024
Net result
€37k▼ 24.5%
2023 · €49k
2018: €2k
2019: €3k
2020: €21k
2021: €82k
2022: €97k
2023: €49k
2018 → 2024
Working capital
€-22k▲ 56.3%
2023 · €-50k
2018: €65k
2019: €45k
2020: €160k
2021: €172k
2022: €12k
2023: €-50k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€152k-€219k▲ 44.0%€302k▲ 37.8%€331k▲ 9.7%€368k▲ 11.2%
Operating result€41k-€123k▲ 197%€126k▲ 2.4%€80k▼ 36.3%€74k▼ 7.5%
Net result€21k-€82k▲ 287%€97k▲ 18.1%€49k▼ 49.1%€37k▼ 24.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 8% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.32M
Fixed assets
€966k ▼ 2.9%
Current assets
€354k ▲ 36.9%
Equity and liabilities €1.32M
Equity
€368k ▲ 11.2%
Debt
€951k ▲ 3.2%
Debt's share of the balance-sheet total falls from 73.6% to 72.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€111k▼
2023 · €116k
Cash flow
€74k▼
2023 · €85k
Current ratio
0.94▲
2023 · 0.84
Debt to equity
2.59▼
2023 · 2.79
ROE
10.1%▼
2023 · 14.9%
ROA
2.8%▼
2023 · 3.9%
Interest coverage
7.98▲
2023 · 6.97
Debt ≤ 1 year
€375k▲
2023 · €309k
Debt > 1 year
€576k▼
2023 · €614k
Income taxes
€23k▲
2023 · €14k
Staff costs
€29k▲
2023 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.25M€1.32M▲
Fixed assets21/28€995k€966k▼
Tangible fixed assets22/27€995k€966k▼
Land and buildings22€995k€966k▼
Plant, machinery and equipment23€125-
Current assets29/58€258k€354k▲
Amounts receivable within one year40/41€258k€354k▲
Trade receivables40€11k€21k▲
Other amounts receivable41€247k€332k▲
Cash at bank and in hand54/58€24€24=
Equity and liabilities
Total equity and liabilities10/49€1.25M€1.32M▲
Equity10/15€331k€368k▲
Contributions10/11€20k€20k=
Reserves13€311k€348k▲
Distributable reserves133€311k€348k▲
Amounts payable17/49€922k€951k▲
Amounts payable after more than one year17€614k€576k▼
Financial debts170/4€614k€576k▼
Amounts payable within one year42/48€309k€375k▲
Current portion of amounts payable after more than one year42€122k€109k▼
Financial debts43€37k€40k▲
Credit institutions430/8€37k€40k▲
Trade debts44€7k€10k▲
Suppliers440/4€7k€10k▲
Taxes, remuneration and social security45€82k€122k▲
Taxes450/3€82k€115k▲
Remuneration and social security454/9-€6k
Other amounts payable47/48€60k€95k▲
Income statement
Code20232024
Remuneration, social security and pensions62€6k€29k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€37k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€127k€147k▲
Operating profit (loss)9901€80k€74k▼
Financial charges65/66B€17k€14k▼
Recurring financial charges65€17k€14k▼
Profit (loss) for the period before taxes9903€64k€60k▼
Income taxes67/77€14k€23k▲
Profit (loss) for the period9904€49k€37k▼
Profit (loss) for the period to be appropriated9905€49k€37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€37k▼
Transfer to equity691/2€29k€37k▲
To other reserves6921€29k€37k▲
Profit to be distributed694/7€20k-
Directors or managers695€20k-
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
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2024
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Highest result since 2018net €97k ▲18.1%
Operating result €126k, net result €97k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €200kEq €219k ▲44%
4 profitable years in a row build equity to €219k.
13-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €150kEq €152k ▲16.1%
3 profitable years in a row build equity to €152k.
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Herselt · 1 establishment unit since 2015
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.
Aarschotsesteenweg 742230 HerseltGround area
1,116 m²
Building footprint
208 m²
Volume, LiDAR
1 m³
Parcel 13392M1164/00D000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Siongers Johan
since 20152.243.121.931
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13392M1164/00D000 | Flanders | 1,116 m² | 1 · 208 m² | 0.1 m |
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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 800 EUR awarded · 800 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 180 EUR | 120 EUR |
| 2024 | 1 | 440 EUR | 500 EUR |
| 2023 | 1 | 180 EUR | 180 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
PRICE & QUALITY FIDUCIAIRE
BE 0416.635.586
Zwevegem · Eq €368,049
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BE 0458.682.514
Aarschot · Eq €368,191
Kris Diels Accountancy & Tax
BE 0821.773.805
Lille · Eq €368,239
ROSLAR BOEKHOUDKANTOOR
BE 0899.056.772
Roeselare · Eq €368,279
DESMET ACCOUNTANCY
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 5,856 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-06-1993
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.