SYUS
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 14-05-2024, 78 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
78 d early
2022
60 d early
2021
106 d early
2020
24 d late
2019
65 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 57 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€290,361▲ 55.9%
2022 · €186,286
Total assets
€7.6m▼ 12.6%
2022 · €8.7m
Net result
€104,075▲ 112%
2022 · €49,206
Working capital
€496,373▲ 166%
2022 · €186,286
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€13,203▼ 64.4%€2,174▼ 83.5%€15,384▲ 608%€69,013▲ 349%€204,478▲ 196%
Net result€869▼ 22.3%€405▼ 53.4%€10,236▲ 2,427%€49,206▲ 381%€104,075▲ 112%
Equity€945,239▲ 0.1%€945,644=€130,881▼ 86.2%€186,286▲ 42.3%€290,361▲ 55.9%
Total assets€976,710▼ 48.2%€946,746▼ 3.1%€4.6m▲ 387%€8.7m▲ 88.8%€7.6m▼ 12.6%
Debt€31,470▼ 96.7%€1,102▼ 96.5%€4.5m▲ 406,147%€8.5m▲ 90.1%€7.3m▼ 14.1%
Working capital€944,185▲ 0.2%€945,245▲ 0.1%€130,681▼ 86.2%€186,286▲ 42.6%€496,373▲ 166%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 196% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €7.6m
Equity
€290,361 ▲ 55.9%
Debt
€7.3m ▼ 14.1%
Debt's share of the balance-sheet total falls from 97.9% to 96.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.07▲
2022 · 1.02
Quick ratio
0.04▼
2022 · 0.07
Debt to equity
25.18▼
2022 · 45.70
ROE
35.8%▲
2022 · 26.4%
ROA
1.4%▲
2022 · 0.6%
Debt ≤ 1 year
€7.1m▼
2022 · €8.5m
Debt > 1 year
€150,000
Income taxes
€37,971▲
2022 · €17,912
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €654 | €654 | €200 | €200 | - | - |
| Other operating charges640/8 | - | - | €941 | €976 | €1,045 | ▲ 7.1% |
| Gross operating margin9900 | €14,797 | €4,083 | €16,525 | €70,189 | €205,523 | ▲ 193% |
| Operating profit (loss)9901 | €13,203 | €2,174 | €15,384 | €69,013 | €204,478 | ▲ 196% |
| Recurring financial income75 | €837 | €530 | - | - | - | - |
| Financial charges65/66B | - | - | €1,439 | €1,895 | €62,432 | ▲ 3,194% |
| Recurring financial charges65 | €12,459 | €2,134 | €1,439 | €1,895 | €62,432 | ▲ 3,194% |
| Profit (loss) for the period before taxes9903 | €1,582 | €570 | €13,945 | €67,118 | €142,046 | ▲ 112% |
| Income taxes67/77 | €712 | €165 | €3,708 | €17,912 | €37,971 | ▲ 112% |
| Profit (loss) for the period9904 | €869 | €405 | €10,236 | €49,206 | €104,075 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | €869 | €405 | €10,236 | €49,206 | €104,075 | ▲ 112% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €976,710 | €946,746 | €4.6m | €8.7m | €7.6m | ▼ 12.6% |
| Fixed assets21/28 | €1,054 | €400 | €200 | - | - | - |
| Tangible fixed assets22/27 | €1,054 | €400 | €200 | - | - | - |
| Furniture and vehicles24 | - | - | €200 | - | - | - |
| Current assets29/58 | €975,656 | €946,347 | €4.6m | €8.7m | €7.6m | ▼ 12.6% |
| Stocks and contracts in progress3 | - | - | €4.4m | €8.1m | €7.3m | ▼ 10.5% |
| Stocks30/36 | - | - | €4.4m | €8.1m | €7.3m | ▼ 10.5% |
| Amounts receivable within one year40/41 | €612,133 | €796,683 | €24,537 | €536,250 | €236,800 | ▼ 55.8% |
| Trade receivables40 | - | - | €12,856 | €331,250 | €31,800 | ▼ 90.4% |
| Other amounts receivable41 | - | - | €11,681 | €205,000 | €205,000 | = |
| Cash at bank and in hand54/58 | €118,966 | €76,290 | €72,456 | €16,006 | €76,302 | ▲ 377% |
| Deferred charges and accrued income490/1 | - | - | €73,373 | €5,000 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €976,710 | €946,746 | €4.6m | €8.7m | €7.6m | ▼ 12.6% |
| Equity10/15 | €945,239 | €945,644 | €130,881 | €186,286 | €290,361 | ▲ 55.9% |
| Contributions10/11 | €12,400 | - | €12,400 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €930,979 | €931,384 | €116,621 | €165,826 | €269,901 | ▲ 62.8% |
| Amounts payable17/49 | €31,470 | €1,102 | €4.5m | €8.5m | €7.3m | ▼ 14.1% |
| Amounts payable after more than one year17 | - | - | - | - | €150,000 | - |
| Financial debts170/4 | - | - | - | - | €150,000 | - |
| Amounts payable within one year42/48 | €31,470 | €1,102 | €4.5m | €8.5m | €7.1m | ▼ 16.5% |
| Financial debts43 | - | - | €3.0m | €5.8m | €4.9m | ▼ 16.8% |
| Credit institutions430/8 | - | - | €3.0m | €5.8m | €4.9m | ▼ 16.8% |
| Trade debts44 | - | - | €575 | €474,645 | €86,935 | ▼ 81.7% |
| Suppliers440/4 | - | - | €575 | €474,645 | €86,935 | ▼ 81.7% |
| Taxes, remuneration and social security45 | - | - | €3,880 | €49,994 | €55,883 | ▲ 11.8% |
| Taxes450/3 | - | - | €3,880 | €49,994 | €55,883 | ▲ 11.8% |
| Other amounts payable47/48 | - | - | €1.5m | €2.1m | €2.1m | ▼ 1.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €56,011 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €869 | €405 | €10,236 | €49,206 | €104,075 | ▲ 112% |
| + Depreciation and write-downs630 | €654 | €654 | €200 | €200 | - | - |
| Operating cash flow (approximation) | €1,524 | €1,059 | €10,436 | €49,405 | €104,075 | ▲ 111% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€42,676 | -€3,834 | -€56,450 | €60,295 | ▲ 207% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €104,075 ▲112%
Operating result €204,478, net result €104,075, both a record.
31-12
Financial
Equity above €200,000Eq €290,361 ▲55.9%
6 profitable years in a row build equity to €290,361.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150,000Eq €186,286 ▲42.3%
5 profitable years in a row build equity to €186,286.
16-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet €405 ▼53.4%
Net result drops to €405, the lowest in the series.
31-12
Financial
Liquidity times 28current ratio 858.56
Current ratio from 31.00 to 858.56; short-term debt falls from €31,470 to €1,102.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 15current ratio 31.00
Current ratio from 2.00 to 31.00; short-term debt falls from €942,131 to €31,470.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- ALTRO MODO
- SYUS INVEST
- SYUS
Highest known parent: ALTRO MODO. The sources do not say who stands above it.
Owners 1
- SYUS INVESTparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.