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SYROS

Active
Public limited companyfounded 1989active for 37 yearsGravestraat 9G, 8750 Wingene, BelgiumKBO/BCE: BE 0436.906.014
Summary

The computed 12-month bankruptcy probability of SYROS is 4.4% (elevated). The 2024 annual accounts show equity of €2.1m and a net result of €931,283. Equity is growing by about 8.3% per year across the filed financial years. Its solvency ranks better than 21% of 6,069 sector peers (NACE 46, financial year 2024). The company has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Non-specialised wholesale
NACE 46392
3rd largest employer in Wingene, Wholesale and retail trade sector3 sites
Size
€24.8mturnover 2024
Staff
35.7 FTE
Equity
€2.1m
Profit
€931,283
Financial health
39 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
4.4%
Structure
Largest shareholder
BOHEMA · 30%
Accounts 77 days overdue5 of 15 deeds read
Why 39raises riskFigures for financial year 2024 (filed 26-08-2025)1 change of registered office in 24 monthsLiquidity: current ratio 1.10, cash €559,375Equity €2.1m (17.6% of total assets)Show the evidence

Checked score

Score 2024
39 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 43% of its sector peers (NACE 46, small)
Financial strength · tick = 2023
Average
Solvency 43+7
equity 17.6% of total assets
Liquidity 12-5
short-term debt 80.3% · cash 4.7%
Profitability 68+18
return on assets 7.8%
Bankruptcy probability, 12 months
4.4% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,379 companies, NACE 46, small)
Last 24 months 11-2024: 1.0% 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.1%▲ +0.1 percentage points vs 12-2024 02-2025: 1.0%▼ -0.1 percentage points vs 01-2025lowest value 03-2025: 1.7%▲ +0.7 percentage points vs 02-2025 04-2025: 1.7%● unchanged vs 03-2025 05-2025: 2.0%▲ +0.3 percentage points vs 04-2025 06-2025: 2.1%▲ +0.1 percentage points vs 05-2025 07-2025: 2.2%▲ +0.1 percentage points vs 06-2025 08-2025: 2.8%▲ +0.6 percentage points vs 07-2025 09-2025: 1.2%▼ -1.6 percentage points vs 08-2025 10-2025: 1.2%● unchanged vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.2%● unchanged vs 03-2026 05-2026: 1.4%▲ +0.2 percentage points vs 04-2026 06-2026: 1.5%▲ +0.1 percentage points vs 05-2026 07-2026: 1.5%● unchanged vs 06-2026 08-2026: 2.0%▲ +0.5 percentage points vs 07-2026 09-2026: 2.6%▲ +0.6 percentage points vs 08-2026 10-2026: 4.4%▲ +1.8 percentage points vs 09-2026highest value
Credit of up to €80,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity tight (current ratio 1.1, compared with 1.16 in 2023, below the usual 1.5; short-term debt: 80.3% and cash: 4.7% of total assets), and 82.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small): better than 19% on solvency, 10% on liquidity, 57% on profitability and 85% on growth.

The bankruptcy probability was computed on 15-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
raises riskneutral
raises risk · Figures for financial year 2024 (filed 26-08-2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 1.10, cash €559,375
NBB · annual accounts
raises risk · Equity €2.1m (17.6% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 6069 sector peers (2024).
NBB · sector comparison
Position among 6069 sector peers
Solvency
better than 21%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 77 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline16-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
22 days late
2023
20 days early
2022
31 days late
2021
13 days early
2020
143 days late
2019
24 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 23 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Wim Destoop (director)Appointment: Rian Johannes Du Toit…
  2. Amendment of the articlesPower of attorney
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: Result rose in 2024from €30,200 to €931,283 ▲ 2,984% View
  • Positive: 3rd largest employer in Wingene, Wholesale and retail trade sectorin the Checked rankings No. 3 View
  • Caution: Accounts not fileddeadline was 31-07-2026 77 days late View
  • Caution: Board changedlatest change 29-05-2026 · 1 in office 1 joined · 1 left View
  • Positive: 4 years of growth in a rowturnover 2024: €24.8m 4 years View
  • Known shareholdersincl. 12% own shares · at 31-12-2021 100% View

By topic

Financials

Financial year
2024
Turnover
€24.8m
Profit
€931,283
Solvency
17.6%
Turnover▲ 8.5%
Net result
20202024
Go to Financials

Board & ownership

Board
1 member
Largest shareholder
BOHEMA · 30%
Known shareholders
100%
  • Rian Johannes Du ToitDirector
Go to Board & ownership

Timeline

Events
47
Since
1990
  1. 07-02-2025Registered office
  2. 23-01-2025Resignations: Bohema BV, Maveste BV and 2…
  3. 21-01-2025Resignation: Jean-Marie Boels (day-to-day manager)
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Non-specialised wholesaleNACE 46392
Founded
07-03-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
14
Financial year
From 1 April to 31 March
Annual meeting
Last Wednesday of September at 11:00
Go to Articles of association

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