SYVAN
ActiveSummary
SYVAN has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €429,982 and a net result of -€7,333. Equity is growing by ~6.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.32 against 2.14 in 2024; short-term debt: 16.4% and cash: 6% of total assets), and 20.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
3 d early
2023
2 d early
2022
3 d early
2021
16 d early
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 8 days after 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€429,982▼ 1.7%
2024 · €437,315
Total assets
€538,006▼ 4.7%
2024 · €564,372
Net result
-€7,333▼ 3.8%
2024 · -€7,062
Working capital
€116,764▼ 2.6%
2024 · €119,841
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,959▲ 71.9%€2,631€175,771▲ 6,581%-€2,769-€3,673▼ 32.6%
Net result-€6,814▲ 51.5%-€1,087▲ 84.1%€163,039-€7,062-€7,333▼ 3.8%
Equity€282,425▼ 0.9%€281,338▼ 0.4%€444,377▲ 58.0%€437,315▼ 1.6%€429,982▼ 1.7%
Total assets€410,610▼ 1.0%€406,460▼ 1.0%€577,376▲ 42.0%€564,372▼ 2.3%€538,006▼ 4.7%
Debt€117,321▲ 3.0%€114,846▼ 2.1%€123,313▲ 7.4%€117,960▼ 4.3%€99,517▼ 15.6%
Working capital-€92,008▲ 7.4%-€84,800▲ 7.8%€114,979€119,841▲ 4.2%€116,764▼ 2.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,673 in 2025 against €2,769 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €538,006
Fixed assets
€333,116 ▼ 1.7%
Current assets
€204,890 ▼ 9.1%
Equity and liabilities €538,006
Equity
€429,982 ▼ 1.7%
Provisions
€8,507 ▼ 6.5%
Debt
€99,517 ▼ 15.6%
Debt's share of the balance-sheet total falls from 20.9% to 18.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,186▼
2024 · €7,379
Cash flow
-€1,474▼
2024 · €3,085
Current ratio
2.32▲
2024 · 2.14
Debt to equity
0.23▼
2024 · 0.27
ROE
-1.7%▼
2024 · -1.6%
ROA
-1.4%▼
2024 · -1.3%
Interest coverage
0.29▼
2024 · 0.88
Debt ≤ 1 year
€88,126▼
2024 · €105,556
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,616 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €195,183 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,538 | €10,618 | €10,822 | €10,148 | €5,859 | ▼ 42.3% |
| Other operating charges640/8 | €7,855 | €7,810 | €8,574 | €8,605 | €7,737 | ▼ 10.1% |
| Gross operating margin9900 | €15,434 | €21,060 | €195,167 | €15,983 | €9,923 | ▼ 37.9% |
| Operating profit (loss)9901 | -€2,959 | €2,631 | €175,771 | -€2,769 | -€3,673 | ▼ 32.6% |
| Financial income75/76B | - | - | €4 | €3,539 | €3,166 | ▼ 10.5% |
| Recurring financial income75 | - | - | €4 | €3,539 | €3,166 | ▼ 10.5% |
| Financial charges65/66B | €4,444 | €4,307 | €6,043 | €8,421 | €7,416 | ▼ 11.9% |
| Recurring financial charges65 | €4,444 | €4,307 | €6,043 | €8,421 | €7,416 | ▼ 11.9% |
| Profit (loss) for the period before taxes9903 | -€7,403 | -€1,676 | €169,732 | -€7,651 | -€7,922 | ▼ 3.5% |
| Transfer from deferred taxes780 | €589 | €589 | €589 | €589 | €589 | = |
| Income taxes67/77 | - | - | €7,283 | €0 | - | - |
| Profit (loss) for the period9904 | -€6,814 | -€1,087 | €163,039 | -€7,062 | -€7,333 | ▼ 3.8% |
| Transfer from tax-exempt reserves789 | €1,768 | €1,768 | €1,768 | €1,768 | €1,768 | = |
| Profit (loss) for the period to be appropriated9905 | -€5,045 | €682 | €164,807 | -€5,294 | -€5,564 | ▼ 5.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €410,610 | €406,460 | €577,376 | €564,372 | €538,006 | ▼ 4.7% |
| Fixed assets21/28 | €394,529 | €384,761 | €349,123 | €338,975 | €333,116 | ▼ 1.7% |
| Tangible fixed assets22/27 | €394,529 | €384,761 | €349,123 | €338,975 | €333,116 | ▼ 1.7% |
| Land and buildings22 | €394,529 | €383,991 | €348,636 | €338,772 | €333,116 | ▼ 1.7% |
| Plant, machinery and equipment23 | - | €770 | €487 | €203 | €0 | ▼ 100% |
| Current assets29/58 | €16,081 | €21,699 | €228,253 | €225,397 | €204,890 | ▼ 9.1% |
| Amounts receivable within one year40/41 | - | - | - | €1,062 | €950 | ▼ 10.5% |
| Other amounts receivable41 | - | - | - | €1,062 | €950 | ▼ 10.5% |
| Current investments50/53 | - | - | - | €200,000 | €170,000 | ▼ 15.0% |
| Cash at bank and in hand54/58 | €14,102 | €20,140 | €226,538 | €22,577 | €32,125 | ▲ 42.3% |
| Deferred charges and accrued income490/1 | €1,979 | €1,559 | €1,715 | €1,758 | €1,815 | ▲ 3.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €410,610 | €406,460 | €577,376 | €564,372 | €538,006 | ▼ 4.7% |
| Equity10/15 | €282,425 | €281,338 | €444,377 | €437,315 | €429,982 | ▼ 1.7% |
| Contributions10/11 | €391,176 | €391,176 | €391,176 | €391,176 | €391,176 | = |
| Capital10 | €391,176 | €391,176 | €391,176 | €391,176 | €391,176 | = |
| Issued capital100 | €391,176 | €391,176 | €391,176 | €391,176 | €391,176 | = |
| Reserves13 | €32,595 | €30,827 | €30,266 | €28,498 | €26,729 | ▼ 6.2% |
| Non-distributable reserves130/1 | - | - | €1,207 | €1,207 | €1,207 | = |
| Legal reserve130 | - | - | €1,207 | €1,207 | €1,207 | = |
| Tax-exempt reserves132 | €32,595 | €30,827 | €29,059 | €27,290 | €25,522 | ▼ 6.5% |
| Profit (loss) carried forward14 | -€141,347 | -€140,665 | €22,935 | €17,641 | €12,077 | ▼ 31.5% |
| Provisions and deferred taxes16 | €10,865 | €10,276 | €9,686 | €9,097 | €8,507 | ▼ 6.5% |
| Deferred taxes168 | €10,865 | €10,276 | €9,686 | €9,097 | €8,507 | ▼ 6.5% |
| Amounts payable17/49 | €117,321 | €114,846 | €123,313 | €117,960 | €99,517 | ▼ 15.6% |
| Amounts payable within one year42/48 | €108,089 | €106,499 | €113,274 | €105,556 | €88,126 | ▼ 16.5% |
| Trade debts44 | €2,245 | €1,225 | €1,764 | €126 | €0 | ▼ 100% |
| Suppliers440/4 | €2,245 | €1,225 | €1,764 | €126 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €0 | - | €7,283 | €0 | - | - |
| Taxes450/3 | €0 | - | €7,283 | €0 | - | - |
| Other amounts payable47/48 | €105,844 | €105,274 | €104,227 | €105,430 | €88,126 | ▼ 16.4% |
| Accrued charges and deferred income492/3 | €9,232 | €8,347 | €10,039 | €12,405 | €11,391 | ▼ 8.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,814 | -€1,087 | €163,039 | -€7,062 | -€7,333 | ▼ 3.8% |
| + Depreciation and write-downs630 | €10,538 | €10,618 | €10,822 | €10,148 | €5,859 | ▼ 42.3% |
| Operating cash flow (approximation) | €3,725 | €9,532 | €173,861 | €3,085 | -€1,474 | ▼ 148% |
| Investment in fixed assets (approximation) | - | -€850 | €24,817 | €0 | €0 | - |
| Change in cash | - | €6,038 | €206,398 | -€203,961 | €9,548 | ▲ 105% |
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
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €163,039
Net result €163,039 after 5 loss-making years.
31-12
Financial
Liquidity times 10current ratio 2.02
Current ratio from 0.20 to 2.02.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€14,061
Net result drops to -€14,061, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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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Directors · office · real estate
Directors
7 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, Ieper · 1 establishment unit since 1991
Ground area
203 m²
Building footprint
203 m²
Volume, LiDAR
1,326 m³
Parcel 33304A0556/00E000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Veurnseweg 2, 8900 Ieper
since 19912.054.247.489
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33304A0556/00E000 | Flanders | 202 m² | 1 · 203 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded05-07-1991
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444674031
Also
9925:BE0444674031
Registered
18-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.