Summary
YSAPSYN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €8.10M and a net result of €1.47M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 86% of 5547 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €8.10M
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
31 d late
2024
43 d early
2023
7 d early
2022
19 d early
2021
5 d early
2020
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€8.10M▲ 22.2%
2024 · €6.62M
2020: €556klowest in 6 years
2021: €600k▲ +7.9% vs 2020
2022: €711k▲ +18.5% vs 2021
2023: €697k▼ -1.9% vs 2022
2024: €6.62M▲ +850% vs 2023
2025: €8.10M▲ +22.2% vs 2024highest in 6 years
2020 → 2025
Net result
€1.47M▼ 75.1%
2024 · €5.93M
2020: €156k
2021: €44k▼ -72.0% vs 2020
2022: €111k▲ +154% vs 2021
2023: €-14k▼ -112% vs 2022lowest in 6 years
2024: €5.93M▲ +43973% vs 2023highest in 6 years
2025: €1.47M▼ -75.1% vs 2024
2020 → 2025
Total assets
€8.90M▲ 1.3%
2024 · €8.78M
2020: €2.55M
2021: €2.20M▼ -13.8% vs 2020lowest in 6 years
2022: €2.32M▲ +5.2% vs 2021
2023: €2.30M▼ -0.8% vs 2022
2024: €8.78M▲ +282% vs 2023
2025: €8.90M▲ +1.3% vs 2024highest in 6 years
2020 → 2025
Solvency
91.0%▲ 15.6pp
2024 · 75.4%
2020: 21.8%lowest in 6 years
2021: 27.2%▲ +25.1% vs 2020
2022: 30.7%▲ +12.6% vs 2021
2023: 30.3%▼ -1.1% vs 2022
2024: 75.4%▲ +148% vs 2023
2025: 91.0%▲ +20.6% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€600k-€711k▲ 18.5%€697k▼ 1.9%€6.62M▲ 850%€8.10M▲ 22.2%
2021: €600klowest in 5 years
2022: €711k▲ +18.5% vs 2021
2023: €697k▼ -1.9% vs 2022
2024: €6.62M▲ +850% vs 2023
2025: €8.10M▲ +22.2% vs 2024highest in 5 years
Operating result€-10k-€-6k▲ 43.3%€-6k▼ 5.3%€-69k▼ 1,010%€27k
2021: €-10k
2022: €-6k▲ +43.3% vs 2021
2023: €-6k▼ -5.3% vs 2022
2024: €-69k▼ -1010% vs 2023lowest in 5 years
2025: €27k▲ +140% vs 2024highest in 5 years
Net result€44k-€111k▲ 154%€-14k€5.93M€1.47M▼ 75.1%
2021: €44k
2022: €111k▲ +154% vs 2021
2023: €-14k▼ -112% vs 2022lowest in 5 years
2024: €5.93M▲ +43973% vs 2023highest in 5 years
2025: €1.47M▼ -75.1% vs 2024
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €27k after a loss of €69k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.90M
Fixed assets
€2.03M ▼ 0.3%
Current assets
€6.87M ▲ 2.2%
Equity and liabilities €8.90M
Equity
€8.10M ▲ 22.2%
Debt
€804k ▼ 62.8%
Debt's share of the balance-sheet total falls from 24.6% to 9.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
18.2%▼
2024 · 89.5%
ROA
16.6%▼
2024 · 67.5%
Debt ≤ 1 year
€802k▼
2024 · €2.13M
Debt > 1 year
€2k▼
2024 · €31k
Income taxes
€187k▼
2024 · €591k
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 · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.78M€8.90M▲
Formation expenses20€25k-
Fixed assets21/28€2.04M€2.03M▼
Financial fixed assets28€2.04M€2.03M▼
Current assets29/58€6.72M€6.87M▲
Amounts receivable within one year40/41€1.43M€544k▼
Trade receivables40€995k€43k▼
Other amounts receivable41€433k€501k▲
Current investments50/53€5.03M€6.15M▲
Cash at bank and in hand54/58€262k€176k▼
Equity and liabilities
Total equity and liabilities10/49€8.78M€8.90M▲
Equity10/15€6.62M€8.10M▲
Contributions10/11€400k€400k=
Reserves13€6.22M€7.70M▲
Distributable reserves133€6.22M€7.70M▲
Profit (loss) carried forward14€0-
Amounts payable17/49€2.16M€804k▼
Amounts payable after more than one year17€31k€2k▼
Financial debts170/4€31k€2k▼
Amounts payable within one year42/48€2.13M€802k▼
Current portion of amounts payable after more than one year42€28k€29k▲
Trade debts44€6k-
Suppliers440/4€6k-
Taxes, remuneration and social security45€591k€773k▲
Taxes450/3€591k€773k▲
Other amounts payable47/48€1.50M-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€25k
Other operating charges640/8€968€998▲
Gross operating margin9900€-68k€53k▲
Operating profit (loss)9901€-69k€27k▲
Financial income75/76B€6.59M€1.68M▼
Recurring financial income75€6.59M€1.68M▼
Financial charges65/66B€3k€43k▲
Recurring financial charges65€3k€43k▲
Profit (loss) for the period before taxes9903€6.52M€1.66M▼
Income taxes67/77€591k€187k▼
Profit (loss) for the period9904€5.93M€1.47M▼
Profit (loss) for the period to be appropriated9905€5.93M€1.47M▼
Appropriation of the result
Profit (loss) to be appropriated9906€5.91M€1.47M▼
Profit (loss) brought forward from the previous period14P€-14k-
Transfer to equity691/2€5.91M€1.47M▼
To other reserves6921€5.91M€1.47M▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | - | - | - | €25k | - |
| Other operating charges640/8 | €493 | €1k | €960 | €968 | €998 | ▲ 3.2% |
| Gross operating margin9900 | €-7k | €-5k | €-5k | €-68k | €53k | ▲ 179% |
| Operating profit (loss)9901 | €-10k | €-6k | €-6k | €-69k | €27k | ▲ 140% |
| Financial income75/76B | €60k | €128k | - | €6.59M | €1.68M | ▼ 74.6% |
| Recurring financial income75 | €60k | €128k | - | €6.59M | €1.68M | ▼ 74.6% |
| Financial charges65/66B | €1k | €3k | €3k | €3k | €43k | ▲ 1,571% |
| Recurring financial charges65 | €1k | €3k | €3k | €3k | €43k | ▲ 1,571% |
| Profit (loss) for the period before taxes9903 | €48k | €119k | €-9k | €6.52M | €1.66M | ▼ 74.5% |
| Income taxes67/77 | €4k | €8k | €4k | €591k | €187k | ▼ 68.4% |
| Profit (loss) for the period9904 | €44k | €111k | €-14k | €5.93M | €1.47M | ▼ 75.1% |
| Profit (loss) for the period to be appropriated9905 | €44k | €111k | €-14k | €5.93M | €1.47M | ▼ 75.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.20M | €2.32M | €2.30M | €8.78M | €8.90M | ▲ 1.3% |
| Formation expenses20 | €3k | €3k | €25k | €25k | - | - |
| Fixed assets21/28 | €2.13M | €2.26M | €2.26M | €2.04M | €2.03M | ▼ 0.3% |
| Tangible fixed assets22/27 | - | €0 | €0 | - | - | - |
| Plant, machinery and equipment23 | - | €0 | €0 | - | - | - |
| Furniture and vehicles24 | - | €0 | €0 | - | - | - |
| Financial fixed assets28 | €2.13M | €2.26M | €2.26M | €2.04M | €2.03M | ▼ 0.3% |
| Current assets29/58 | €74k | €53k | €12k | €6.72M | €6.87M | ▲ 2.2% |
| Amounts receivable within one year40/41 | €25k | €25k | - | €1.43M | €544k | ▼ 61.9% |
| Trade receivables40 | - | - | - | €995k | €43k | ▼ 95.7% |
| Other amounts receivable41 | €25k | €25k | - | €433k | €501k | ▲ 15.7% |
| Current investments50/53 | - | - | - | €5.03M | €6.15M | ▲ 22.2% |
| Cash at bank and in hand54/58 | €49k | €28k | €12k | €262k | €176k | ▼ 33.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.20M | €2.32M | €2.30M | €8.78M | €8.90M | ▲ 1.3% |
| Equity10/15 | €600k | €711k | €697k | €6.62M | €8.10M | ▲ 22.2% |
| Contributions10/11 | €400k | €400k | €400k | €400k | €400k | = |
| Reserves13 | €200k | €311k | €311k | €6.22M | €7.70M | ▲ 23.7% |
| Distributable reserves133 | €200k | €311k | €311k | €6.22M | €7.70M | ▲ 23.7% |
| Profit (loss) carried forward14 | - | - | €-14k | €0 | - | - |
| Amounts payable17/49 | €1.60M | €1.61M | €1.60M | €2.16M | €804k | ▼ 62.8% |
| Amounts payable after more than one year17 | €6k | €88k | €60k | €31k | €2k | ▼ 92.2% |
| Financial debts170/4 | - | €88k | €60k | €31k | €2k | ▼ 92.2% |
| Other amounts payable178/9 | €6k | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.59M | €1.52M | €1.54M | €2.13M | €802k | ▼ 62.4% |
| Current portion of amounts payable after more than one year42 | - | €27k | €28k | €28k | €29k | ▲ 1.8% |
| Trade debts44 | €6k | €6k | €17k | €6k | - | - |
| Suppliers440/4 | €6k | €6k | €17k | €6k | - | - |
| Taxes, remuneration and social security45 | €105k | €11k | - | €591k | €773k | ▲ 30.7% |
| Taxes450/3 | €105k | €11k | - | €591k | €773k | ▲ 30.7% |
| Other amounts payable47/48 | €1.48M | €1.47M | €1.49M | €1.50M | - | - |
| Accrued charges and deferred income492/3 | €4k | - | €1k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44k | €111k | €-14k | €5.93M | €1.47M | ▼ 75.1% |
| + Depreciation and write-downs630 | €3k | - | - | - | €25k | - |
| Operating cash flow (approximation) | €47k | €111k | €-14k | €5.93M | €1.50M | ▼ 74.7% |
| Investment in fixed assets (approximation) | - | €-136k | €0 | €224k | €-19k | ▼ 108% |
| Change in cash | - | €-21k | €-16k | €251k | €-87k | ▼ 135% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 8.57
Current ratio from 3.16 to 8.57; short-term debt falls from €2.13M to €802k.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €5.93M
Net result €5.93M after one loss-making year.
31-12
Financial
Liquidity times 421current ratio 3.16
Current ratio from 0.01 to 3.16.
31-12
Financial
Equity above €5MEq €6.62M ▲850%
Equity rises from €697k to €6.62M.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sprimont · 1 establishment unit since 2019
Ground area
1,406 m²
Parcel 62100L1691/00A000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
YSAPSYN
since 20192.292.873.924
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62100L1691/00A000 | Wallonia | 1,406 m² | - | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
98450000VB37FUD77C95
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 6,650 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Contact
E-mail
pascale.azzam@synaco.com
Phone
04/2527041
Scores and ratios are computed by Checked and are not a credit decision.