SYTKO-construct
ActiveSummary
SYTKO-construct has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €35k and a net result of €12k. Equity is growing by ~46.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability49▲+7
Solvency39▲+9
Growth78=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 3.06 against 1.05 in 2023; short-term debt: 32.7% and cash: 69.7% of total assets), but 86.5% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
13.5%
Return on assets
4.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-08-2025, 8 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
8 d late
2023
23 d early
2022
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€35k▲ 53.8%
2023 · €23k
2022: €14k
2023: €23k
2022 → 2024
Total assets
€259k▼ 43.1%
2023 · €454k
2022: €38k
2023: €454k
2022 → 2024
Net result
€12k▲ 35.6%
2023 · €9k
2022: €-6k
2023: €9k
2022 → 2024
Working capital
€174k▲ 665%
2023 · €23k
2022: €14k
2023: €23k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€14k-€23k▲ 65.6%€35k▲ 53.8%
Operating result€-6k-€13k€14k▲ 10.4%
Net result€-6k-€9k€12k▲ 35.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 10% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €259k
Equity
€35k ▲ 53.8%
Debt
€224k ▼ 48.2%
Debt's share of the balance-sheet total falls from 95.0% to 86.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.06▲
2023 · 1.05
Debt to equity
6.39▼
2023 · 18.95
ROE
35.0%▼
2023 · 39.6%
ROA
4.7%▲
2023 · 2.0%
Debt ≤ 1 year
€84k▼
2023 · €432k
Income taxes
€4k▲
2023 · €694
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 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€454k€259k▼
Current assets29/58€454k€259k▼
Stocks and contracts in progress3€105k-
Stocks30/36€105k-
Amounts receivable within one year40/41€16k€78k▲
Trade receivables40-€18k
Other amounts receivable41€16k€60k▲
Current investments50/53€325k-
Cash at bank and in hand54/58€8k€180k▲
Equity and liabilities
Total equity and liabilities10/49€454k€259k▼
Equity10/15€23k€35k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€3k€15k▲
Amounts payable17/49€432k€224k▼
Amounts payable within one year42/48€432k€84k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€820€48k▲
Taxes450/3€820€48k▲
Other amounts payable47/48€429k€35k▼
Accrued charges and deferred income492/3-€139k
Income statement
Code20232024
Other operating charges640/8€2k€1k▼
Gross operating margin9900€14k€15k▲
Operating profit (loss)9901€13k€14k▲
Financial income75/76B€906€16k▲
Recurring financial income75€906€15k▲
Non-recurring financial income76B-€1k
Financial charges65/66B€4k€14k▲
Recurring financial charges65€4k€13k▲
Non-recurring financial charges66B-€818
Profit (loss) for the period before taxes9903€10k€16k▲
Income taxes67/77€694€4k▲
Profit (loss) for the period9904€9k€12k▲
Profit (loss) for the period to be appropriated9905€9k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€15k▲
Profit (loss) brought forward from the previous period14P€-6k€3k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial
Highest result since 2022net €12k ▲35.6%
Operating result €14k, net result €12k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.06
Current ratio from 1.05 to 3.06; short-term debt falls from €432k to €84k.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Oostende · 1 establishment unit since 2021
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.
Stuiverstraat 5298400 OostendeGround area
1,192 m²
Building footprint
280 m²
Volume, LiDAR
1,788 m³
Parcel 35020B0595/00M000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SYTKO-construct
since 20212.318.705.618
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0595/00M000 | Flanders | 1,192 m² | 1 · 280 m² | 7.3 m · 2 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.
Similar companies · same sector, comparable size
IMMO CONSTRUCT CONSULT
BE 0875.381.349
Liège · Eq €35,078
AVS BUILDING
BE 0799.200.717
Bastogne · Eq €35,081
PARANGO INVEST
BE 0799.340.574
Waterloo · Eq €35,159
MR. La Clairière
BE 0802.270.667
Evergem · Eq €35,160
ABIFA IMMO
BE 0665.960.626
Beersel · Eq €34,869
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 4,686 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
Founded22-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.