SYVAN
ActiveSummary
SYVAN has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €429,982 and a net result of -€7,333. Equity has been growing by about 6.7% per year since 2018. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 05-07-1991 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.054.247.489 8900 Ieper, since 23-09-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 18-01-2026
Board and ownership
- V. D. C. VASTGOEDManaging director · permanent representative Filip VAN DE CASTEELE
- VAN DE CASTEELE AnnManaging director
- SYSSAUW FridaDirector · since 24-11-2021
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €9,923
- ▼ 37.9%
- Turnover
- ≈ €67,000
- estimated
- Loss
- €7,333
- ▲ 3.8%
- Equity
- €429,982
- ▼ 1.7%
- Total assets
- €538,006
- ▼ 4.7%
Score breakdownlowers riskSize: total assets €538,006Equity €429,982 (79.9% of total assets)Founded in 1991Legal form: public limited companyShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 81% of them on solvency, 48% on liquidity, 17% on profitability and 39% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 8 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 16-07-2026 at the NBB all 34 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €3,673, larger than the loss of €2,769 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €850 | - | - | - |
| Depreciation and write-downs of the year | €10,538 | €10,618 | €10,822 | €10,148 | €5,859 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Companies with the same profile, two years later
Historical observationIn July 2024, 8,617 companies had the same profile as SYVAN has now. Two years later, 0.4% had gone bankrupt and 94.1% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SYVAN itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for SYVAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 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 | €10,641 | €10,704 | €10,705 | €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 | €18,615 | €20,632 | €7,792 | €15,434 | €21,060 | €195,167 | €15,983 | €9,923 | ▼ 37.9% |
| Operating profit (loss)9901 | €1,809 | €2,728 | -€10,543 | -€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 | €0 | €0 | - | - | - | €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 | €5,303 | €5,311 | €4,319 | €4,444 | €4,307 | €6,043 | €8,421 | €7,416 | ▼ 11.9% |
| Profit (loss) for the period before taxes9903 | -€3,494 | -€2,584 | -€14,862 | -€7,403 | -€1,676 | €169,732 | -€7,651 | -€7,922 | ▼ 3.5% |
| Transfer from deferred taxes780 | - | - | - | €589 | €589 | €589 | €589 | €589 | = |
| Income taxes67/77 | €0 | €0 | - | - | - | €7,283 | €0 | - | - |
| Profit (loss) for the period9904 | -€2,692 | -€1,782 | -€14,061 | -€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 | -€1,136 | -€226 | -€12,504 | -€5,045 | €682 | €164,807 | -€5,294 | -€5,564 | ▼ 5.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €430,302 | €433,761 | €414,613 | €410,610 | €406,460 | €577,376 | €564,372 | €538,006 | ▼ 4.7% |
| Fixed assets21/28 | €420,627 | €415,773 | €405,068 | €394,529 | €384,761 | €349,123 | €338,975 | €333,116 | ▼ 1.7% |
| Tangible fixed assets22/27 | €420,627 | €415,773 | €405,068 | €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 | €9,675 | €17,988 | €9,545 | €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 | €322 | - | - | - | - | - | €200,000 | €170,000 | ▼ 15.0% |
| Cash at bank and in hand54/58 | €9,353 | €16,140 | €7,636 | €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 | €430,302 | €433,761 | €414,613 | €410,610 | €406,460 | €577,376 | €564,372 | €538,006 | ▼ 4.7% |
| Equity10/15 | €300,962 | €299,180 | €285,119 | €282,425 | €281,338 | €444,377 | €437,315 | €429,982 | ▼ 1.7% |
| Contributions10/11 | €391,176 | €391,176 | €391,176 | €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 | €33,357 | €31,801 | €30,244 | €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 | -€123,571 | -€123,797 | -€136,301 | -€141,347 | -€140,665 | €22,935 | €17,641 | €12,077 | ▼ 31.5% |
| Provisions and deferred taxes16 | €17,176 | €16,375 | €15,574 | €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 | €112,163 | €118,206 | €113,920 | €117,321 | €114,846 | €123,313 | €117,960 | €99,517 | ▼ 15.6% |
| Amounts payable within one year42/48 | €106,138 | €112,161 | €108,860 | €108,089 | €106,499 | €113,274 | €105,556 | €88,126 | ▼ 16.5% |
| Trade debts44 | - | €5,850 | €829 | €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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,692 | -€1,782 | -€14,061 | -€6,814 | -€1,087 | €163,039 | -€7,062 | -€7,333 | ▼ 3.8% |
| + Depreciation and write-downs630 | €10,641 | €10,704 | €10,705 | €10,538 | €10,618 | €10,822 | €10,148 | €5,859 | ▼ 42.3% |
| Operating cash flow (approximation) | €7,949 | €8,922 | -€3,356 | €3,725 | €9,532 | €173,861 | €3,085 | -€1,474 | - |
| Investment in fixed assets (approximation) | - | -€5,850 | €0 | €0 | -€850 | €24,817 | €0 | €0 | - |
| Change in cash | - | €6,787 | -€8,505 | €6,467 | €6,038 | €206,398 | -€203,961 | €9,548 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-07-2026 | 2026-00306730 | NBB |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00324699 | |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00307616 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00299998 | |
| 31-12-2021 | micro format | 15-07-2022 | 2022-20197270 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62200039 | |
| 31-12-2019 | micro format | 30-09-2020 | 2020-57500398 | |
| 31-12-2018 | micro format | 25-07-2019 | 2019-39000579 | |
| 31-12-2017 | micro format | 26-07-2018 | 2018-39400588 | |
| 31-12-2016 | micro format | 17-07-2017 | 2017-33300202 |
Board & ownership
Directors
Board 3
Day-to-day management 2
Permanent representatives 1
Owners and capital
Capital transactions
- 24-01-2024 Capital stated in the deed · 15,780 shares
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| SYSSAUW Frida |
|
| V. D. C. VASTGOED |
|
| VAN DE CASTEELE Ann |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Mandaat uittredende niet-herbenoemde bestuurders houdt onmiddellijk op na algemene vergadering over herverkiezing, 6 jaar”“Raad kan vergoedingen toekennen aan personen belast met dagelijks bestuur en bijzondere gevolmachtigden, andersluidende beslissing algemene…”
Articles of association, deed of 24-01-2024 (in Dutch)
Network & group
SYVAN shares no director with another company.
Connections & network
3 current directorsThe network starts from the directors of SYVAN. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-01
Gazette deed
Resignations: SYSSAUW Frida, VAN DE CASTEELE Ann and V. D. C. VASTGOEDAppointments: SYSSAUW Frida, VAN DE CASTEELE Ann and V. D. C. VASTGOED · Permanent representative: Filip VAN DE CASTEELE · Amendment of the articles21 points ▸
- Amendment of the articles, mentioned 2 times in the deed
- Capital
- Capital, €391,175.98
- Power of attorney, Ellen VANSLAMBROUCK
- Director resignation, SYSSAUW Frida (director)
- Director resignation, VAN DE CASTEELE Ann (director)
- Director resignation, V. D. C. VASTGOED (director)
- Director discharge, SYSSAUW Frida
- Director discharge, VAN DE CASTEELE Ann
- Director discharge, V. D. C. VASTGOED
- Board rule, 3
- Director appointment, SYSSAUW Frida (director (not named in the articles))
- The act holds 9 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 33304A0556/00E000 | Flanders | 202 m² | 1 · 203 m² | 10.3 m · 2 |