SYPHAX
Open bankruptcyA bankruptcy procedure is open for SYPHAX according to publications in the Belgian State Gazette; curator: ROMAIN OGER. The 2022 annual accounts show equity of €22k and a net result of €-22k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2022, micro schema
Turnover
€219k
EBIT margin
1.6%
Net result
€-22k
2021 · €24k
2018: €2k
2019: €5k
2020: €7k
2021: €24k
2018 → 2022
Working capital
€14k▼ 71.4%
2021 · €49k
2018: €-2k
2019: €4k
2020: €13k
2021: €49k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€219k-
Equity€8k-€13k▲ 69.1%€20k▲ 51.2%€44k▲ 116%€22k▼ 50.3%
Operating result€3k-€7k▲ 114%€9k▲ 21.7%€30k▲ 236%€-18k
Net result€2k-€5k▲ 192%€7k▲ 25.2%€24k▲ 244%€-22k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €18k after €30k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €49k
Fixed assets
€11k▲ 116%
Current assets
€39k▼ 55.8%
Equity and liabilities €49k
Equity
€22k▼ 50.3%
Debt
€27k▼ 43.5%
The debt ratio rises from 52.4% to 55.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-17k▼
2021 · €33k
Cash flow
€-20k▼
2021 · €26k
Solvency
44.4%▼
2021 · 47.6%
Current ratio
1.58▼
2021 · 2.30
Quick ratio
1.58▼
2021 · 2.30
Debt / equity
1.25▲
2021 · 1.10
ROE
-101.1%▼
2021 · 53.8%
ROA
-44.9%▼
2021 · 25.6%
Interest coverage
-6.63▼
2021 · 10.54
Debt
€27k▼
2021 · €48k
Debt ≤ 1 year
€24k▼
2021 · €38k
Debt > 1 year
€3k▼
2021 · €6k
Income taxes
€1k▼
2021 · €4k
Staff costs
€20k▲
2021 · €12k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€92k€49k▼
Fixed assets21/28€5k€11k▲
Tangible fixed assets22/27€5k€11k▲
Plant, machinery and equipment23€512€342▼
Furniture and vehicles24-€7k
Other tangible fixed assets26€4k€3k▼
Current assets29/58€87k€39k▼
Amounts receivable within one year40/41€424€5k▲
Trade receivables40€381-
Other amounts receivable41€43€5k▲
Cash at bank and in hand54/58€87k€34k▼
Equity and liabilities
Total equity and liabilities10/49€92k€49k▼
Equity10/15€44k€22k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€23k€1k▼
Amounts payable17/49€48k€27k▼
Amounts payable after more than one year17€6k€3k▼
Financial debts170/4€6k€3k▼
Amounts payable within one year42/48€38k€24k▼
Current portion of amounts payable after more than one year42€5k€5k▼
Trade debts44€11k€11k▼
Suppliers440/4€11k€11k▼
Taxes, remuneration and social security45€6k€9k▲
Taxes450/3€4k€8k▲
Remuneration and social security454/9€1k€1k▼
Other amounts payable47/48€16k-
Accrued charges and deferred income492/3€4k-
Income statement
Code20212022
Remuneration, social security and pensions62€12k€20k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€47k€5k▼
Operating profit (loss)9901€30k€-18k▼
Financial income75/76B€521-
Recurring financial income75€521-
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€28k€-21k▼
Income taxes67/77€4k€1k▼
Profit (loss) for the period9904€24k€-22k▼
Profit (loss) for the period to be appropriated9905€24k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€1k▼
Profit (loss) brought forward from the previous period14P€-138€23k▲
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
04-11
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · SYPHAX SRL CRAPAURUE 2, 4800 VERVIERS · event 27-10-2025
2023
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 152 days late
2022
31-12
Financial
Weakest financial yearnet €-22k ▼193%
Net result drops to €-22k, the lowest in the series.
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-12
Financial
Highest result since 2018net €24k ▲244%
Operating result €30k, net result €24k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 26 days late
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Verviers · 1 establishment unit since 2005
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.
Crapaurue 24800 VerviersGround area
127 m²
Building footprint
134 m²
Volume, LiDAR
1,673 m³
Parcel 63079A0459/00C000, Wallonia · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SYPHAX
since 20052.148.552.374
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63079A0459/00C000 | Wallonia | 127 m² | 1 · 134 m² | 13.6 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ROMAIN OGER RUE DES DéPORTéS 82,
4800 VERVIERS |
27-10-2025 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteVerviers2.148.552.374
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Of 14,025 companies in sector 56301 we hold annual accounts for 4,894. 4,020 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-08-2005
Fiscal year end31-12
Activities, NACEBEL
55401
56301Cafés and bars
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47512Retail sale of household textiles and bedding
47551Retail sale of household furniture
47591Retail trade
47721Retail sale of footwear
47722Retail trade
52112
52410
52441
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.