Maison des Syndicats
ActiveMaison des Syndicats has been active since 1946 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-5.88M) and a net result of €-236k. Equity is shrinking by ~6.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-27
Solvency67=
Growth53▲+1
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.57 against 5.74 in 2024), but equity is negative.
Credit advice for your own amount and term
Signals
Nine 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
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 2025Solvency, return and age of the figures
Solvency
-115.2%
Return on assets
-4.6%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€5.9M
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
31 d early
2023
33 d early
2022
46 d early
2021
62 d early
2020
33 d early
2019
43 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€871k▲ 6.6%
2024 · €817k
2020: €744k
2021: €698k
2022: €869k
2023: €821k
2024: €817k
2020 → 2025
EBIT margin
-26.3%▼ 17.9pp
2024 · -8.4%
2020: -56.3%
2021: -58.9%
2022: -47.5%
2023: -25.3%
2024: -8.4%
2020 → 2025
Net result
€-236k▼ 179%
2024 · €-84k
2018: €-437k
2019: €-437k
2020: €-437k
2021: €-435k
2022: €-434k
2023: €-224k
2024: €-84k
2018 → 2025
Working capital
€398k▲ 1.1%
2024 · €394k
2018: €-23k
2019: €-123k
2020: €326k
2021: €314k
2022: €277k
2023: €272k
2024: €394k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€698k-€869k▲ 24.5%€821k▼ 5.5%€817k▼ 0.4%€871k▲ 6.6%
Equity€-4.90M-€-5.33M▼ 8.9%€-5.56M▼ 4.2%€-5.64M▼ 1.5%€-5.88M▼ 4.2%
Operating result€-411k-€-413k▼ 0.3%€-208k▲ 49.7%€-68k▲ 67.0%€-229k▼ 234%
Net result€-435k-€-434k▲ 0.2%€-224k▲ 48.3%€-84k▲ 62.4%€-236k▼ 179%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €229k in 2025 against €68k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.10M
Fixed assets
€4.59M▼ 5.0%
Current assets
€510k▲ 6.8%
Key figures and ratios
EBITDA
€12k▼
2024 · €385k
Cash flow
€5k▼
2024 · €369k
Solvency
-115.2%▼
2024 · -106.2%
Current ratio
4.57▼
2024 · 5.74
Quick ratio
4.57▼
2024 · 5.74
Debt / equity
-1.87▲
2024 · -1.94
ROE
4.0%▲
2024 · 1.5%
ROA
-4.6%▼
2024 · -1.6%
Interest coverage
1.25▼
2024 · 20.30
Debt
€10.98M▲
2024 · €10.95M
Debt ≤ 1 year
€112k▲
2024 · €83k
Debt > 1 year
€10.87M=
2024 · €10.87M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.31M€5.10M▼
Fixed assets21/28€4.83M€4.59M▼
Tangible fixed assets22/27€4.60M€4.36M▼
Land and buildings22€4.60M€4.36M▼
Leasing and similar rights25€3k-
Financial fixed assets28€231k€231k=
Current assets29/58€477k€510k▲
Amounts receivable after more than one year29€70k€82k▲
Trade receivables290€19k€32k▲
Other amounts receivable291€51k€50k▼
Amounts receivable within one year40/41€295k€322k▲
Trade receivables40€269k€304k▲
Other amounts receivable41€27k€19k▼
Cash at bank and in hand54/58€92k€73k▼
Deferred charges and accrued income490/1€20k€32k▲
Equity and liabilities
Total equity and liabilities10/49€5.31M€5.10M▼
Equity10/15€-5.64M€-5.88M▼
Profit (loss) carried forward14€-5.64M€-5.88M▼
Amounts payable17/49€10.95M€10.98M▲
Amounts payable after more than one year17€10.87M€10.87M=
Financial debts170/4€500k€500k=
Other amounts payable178/9€10.37M€10.37M=
Amounts payable within one year42/48€83k€112k▲
Current portion of amounts payable after more than one year42€3k-
Trade debts44€81k€112k▲
Suppliers440/4€81k€112k▲
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Turnover70€817k€871k▲
Non-recurring operating income76A€497k-
Goods, raw materials, services and sundry goods60/61€520k€579k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€453k€241k▼
Other operating charges640/8€243k€280k▲
Non-recurring operating charges66A€166k-
Gross operating margin9900€793k€292k▼
Operating profit (loss)9901€-68k€-229k▼
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€19k€10k▼
Recurring financial charges65€19k€10k▼
Profit (loss) for the period before taxes9903€-84k€-236k▼
Profit (loss) for the period9904€-84k€-236k▼
Profit (loss) for the period to be appropriated9905€-84k€-236k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5.64M€-5.88M▼
Profit (loss) brought forward from the previous period14P€-5.56M€-5.64M▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Approval14 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Approval14 facts ▸
- General meeting, 26/06/2026
- Director appointment, Battista SCHIFANO (Administrateur-Président)
- Director appointment, Minervina BAYON REYERO (Administratrice-Secrétaire)
- Director appointment, Minervina BAYON REYERO (en charge de la gestion journalière)
- Director appointment, Johnny COIN (Administrateur-Trésorier)
- Director appointment, Françoise BERNARD (Administrateur)
- Director appointment, Stéphane BREDA (Administrateur)
- Director appointment, Eric DUCHESNE (Administrateur)
- Director appointment, Alain RORIVE (Administrateur)
- Director appointment, Joël THÔNE (Administrateur)
- Approval, bilan et les comptes 2025
- Approval, budget 2026
- +2 further facts in this act
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity triplescurrent ratio 5.74
Current ratio from 1.86 to 5.74; short-term debt falls from €317k to €83k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-437k
Net result drops to €-437k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 1.90
Current ratio from 0.63 to 1.90.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26096972). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Alain RORIVE
CurrentDirector · since 26-06-2026
Battista SCHIFANO
CurrentAdministrateur président · since 26-06-2026
Eric Duchesne
CurrentDirector · since 26-06-2026
Françoise Bernard
CurrentDirector · since 26-06-2026
Johnny COIN
CurrentAdministrateur trésorier · since 26-06-2026
Joël Thone
CurrentDirector · since 26-06-2026
+ 2 not shown in this overview
26-06-2026
Alain RORIVE: Appointed as Director
26-06-2026
Battista SCHIFANO: Appointed as Administrateur président
26-06-2026
Eric Duchesne: Appointed as Director
26-06-2026
Françoise Bernard: Appointed as Director
26-06-2026
Johnny COIN: Appointed as Administrateur trésorier
26-06-2026
Joël Thone: Appointed as Director
26-06-2026
Minervina BAYON REYERO: Appointed as Administratrice secrétaire
26-06-2026
Minervina BAYON REYERO: Appointed as En charge de la gestion journalière
26-06-2026
Stéphane Breda: Appointed as Director
Location & real-estate footprint
Registered office, Liège
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.
Place Saint-Paul 9-114000 LiègeGround area
914 m²
Building footprint
472 m²
Volume, LiDAR
12,944 m³
Parcel 62803A1525/00R000, Wallonia · tallest building 30.8 m, ±9 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803A1525/00R000 ProtectedSite or landscape |
Wallonia | 914 m² | 1 · 472 m² | 30.8 m · 9 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
25 connected companiesLinked via shared directors
viaJoël Thone · Administrateur de classe a
→
viaEric Duchesne · Administrateur de classe a
→
viaJoël Thone · Director
→
viaEric Duchesne · Director
→
Show 21 more companies with a shared director
viaStéphane Breda · Vice président
→
viaFrançoise Bernard · Director
→
viaJoël Thone · Director
→
viaJoël Thone · Director
→
viaFrançoise Bernard · Director
→
viaEric Duchesne · Director
→
viaFrançoise Bernard · Director
→
viaJoël Thone · Director
→
viaStéphane Breda · Director
→
viaEric Duchesne · Director
→
viaStéphane Breda · Président de l'organe d'administration
→
viaFrançoise Bernard · Director
→
viaJoël Thone · Director
→
viaStéphane Breda · Director
→
viaEric Duchesne · Director
→
viaFrançoise Bernard · Director
former→
viaFrançoise Bernard · Director
former→
viaEric Duchesne · Director
former→
viaStéphane Breda · Director
former→
viaStéphane Breda · Director
former→
viaEric Duchesne · Director
former→
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded01-01-1946
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.