DR SYNDIC

Active

Private limited companyfounded 20206 yrs activeRue des Brasseurs 1, 4500 Huy, BelgiumKBO/BCE: BE 0740.869.271

Summary

DR SYNDIC has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €358k and a net result of €89k. Equity is growing by ~44.1% per year across the filed fiscal years. Its solvency ranks better than 88% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysis Watch Report Compare

DR SYNDICActiveChecked score 90/100

Risk analysis Report Compare

Checked score

Score 2025

90 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability95▲+5

Solvency100=

Growth78=

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €30k at 30 days acceptable

Liquidity ample (current ratio 6.57 against 4.25 in 2024; short-term debt: 15.2% and cash: 88.4% of total assets), and 15.3% of the assets are financed with debt.

Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Real estate activities (NACE 68)

about 43% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

84.7%

Return on assets

21.1%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 6 filings

Deviation from the deadline

2025

46 d late

2024

9 d early

2023

26 d late

2022

24 d late

2021

9 d early

2020

19 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€358k▲ 33.2%

2024 · €269k

2020: €5klowest in 6 years 2021: €56k▲ +982% vs 2020 2022: €113k▲ +102% vs 2021 2023: €209k▲ +85.9% vs 2022 2024: €269k▲ +28.3% vs 2023 2025: €358k▲ +33.2% vs 2024highest in 6 years

2020 → 2025

Total assets

€423k▲ 20.4%

2024 · €351k

2020: €14klowest in 6 years 2021: €104k▲ +653% vs 2020 2022: €194k▲ +86.2% vs 2021 2023: €292k▲ +50.5% vs 2022 2024: €351k▲ +20.4% vs 2023 2025: €423k▲ +20.4% vs 2024highest in 6 years

2020 → 2025

Net result

€89k▲ 50.7%

2024 · €59k

2020: €147lowest in 6 years 2021: €51k▲ +34160% vs 2020 2022: €57k▲ +12.8% vs 2021 2023: €97k▲ +69.9% vs 2022highest in 6 years 2024: €59k▼ -38.9% vs 2023 2025: €89k▲ +50.7% vs 2024

2020 → 2025

Working capital

€357k▲ 34.1%

2024 · €266k

2020: €-468lowest in 6 years 2021: €50k▲ +10881% vs 2020 2022: €107k▲ +112% vs 2021 2023: €206k▲ +92.0% vs 2022 2024: €266k▲ +29.3% vs 2023 2025: €357k▲ +34.1% 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€56k-€113k▲ 102%€209k▲ 85.9%€269k▲ 28.3%€358k▲ 33.2% 2021: €56klowest in 5 years 2022: €113k▲ +102% vs 2021 2023: €209k▲ +85.9% vs 2022 2024: €269k▲ +28.3% vs 2023 2025: €358k▲ +33.2% vs 2024highest in 5 years

Operating result€64k-€73k▲ 14.4%€128k▲ 75.1%€76k▼ 40.4%€122k▲ 60.2% 2021: €64klowest in 5 years 2022: €73k▲ +14.4% vs 2021 2023: €128k▲ +75.1% vs 2022highest in 5 years 2024: €76k▼ -40.4% vs 2023 2025: €122k▲ +60.2% vs 2024

Net result€51k-€57k▲ 12.8%€97k▲ 69.9%€59k▼ 38.9%€89k▲ 50.7% 2021: €51klowest in 5 years 2022: €57k▲ +12.8% vs 2021 2023: €97k▲ +69.9% vs 2022highest in 5 years 2024: €59k▼ -38.9% vs 2023 2025: €89k▲ +50.7% vs 2024

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 60% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €423k

99.6%

Fixed assets €2k ▼ 45.2%

Current assets €421k ▲ 21.0%

Equity and liabilities €423k

84.7%

15.3%

Equity €358k ▲ 33.2%

Debt €65k ▼ 21.4%

Debt's share of the balance-sheet total falls from 23.5% to 15.3%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€124k▲

2024 · €79k

Cash flow

€91k▲

2024 · €62k

Current ratio

6.57▲

2024 · 4.25

Debt to equity

0.18▼

2024 · 0.31

ROE

24.9%▲

2024 · 22.0%

ROA

21.1%▲

2024 · 16.9%

Interest coverage

90.72▲

2024 · 71.94

Debt ≤ 1 year

€64k▼

2024 · €82k

Income taxes

€33k▲

2024 · €22k

Staff costs

€307k▲

2024 · €295k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines

Balance sheet Code20242025

Assets

Total assets20/58€351k€423k▲

Formation expenses20€4-

Fixed assets21/28€3k€2k▼

Intangible fixed assets21€488€192▼

Tangible fixed assets22/27€3k€2k▼

Furniture and vehicles24€3k€2k▼

Current assets29/58€348k€421k▲

Amounts receivable within one year40/41€64k€44k▼

Trade receivables40€53k€31k▼

Other amounts receivable41€12k€14k▲

Current investments50/53€151k-

Cash at bank and in hand54/58€132k€374k▲

Deferred charges and accrued income490/1€587€3k▲

Equity and liabilities

Total equity and liabilities10/49€351k€423k▲

Equity10/15€269k€358k▲

Contributions10/11€5k€5k=

Profit (loss) carried forward14€264k€353k▲

Amounts payable17/49€82k€65k▼

Amounts payable within one year42/48€82k€64k▼

Trade debts44€16k€25k▲

Suppliers440/4€16k€25k▲

Taxes, remuneration and social security45€47k€21k▼

Taxes450/3€17k€367▼

Remuneration and social security454/9€30k€21k▼

Other amounts payable47/48€18k€18k▼

Accrued charges and deferred income492/3€700€713▲

Income statement Code20242025

Remuneration, social security and pensions62€295k€307k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼

Other operating charges640/8€7k€3k▼

Gross operating margin9900€381k€434k▲

Operating profit (loss)9901€76k€122k▲

Financial income75/76B€6k€1k▼

Recurring financial income75€6k€1k▼

Financial charges65/66B€1k€1k▲

Recurring financial charges65€1k€1k▲

Profit (loss) for the period before taxes9903€81k€122k▲

Income taxes67/77€22k€33k▲

Profit (loss) for the period9904€59k€89k▲

Profit (loss) for the period to be appropriated9905€59k€89k▲

Appropriation of the result

Profit (loss) to be appropriated9906€264k€353k▲

Profit (loss) brought forward from the previous period14P€204k€264k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2021	2022	2023	2024	2025	Change
Remuneration, social security and pensions62	€107k	€180k	€307k	€295k	€307k	▲ 4.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€2k	€3k	€3k	€3k	€2k	▼ 43.1%
Other operating charges640/8	€348	€392	€10k	€7k	€3k	▼ 64.4%
Gross operating margin9900	€174k	€256k	€447k	€381k	€434k	▲ 13.8%
Operating profit (loss)9901	€64k	€73k	€128k	€76k	€122k	▲ 60.2%
Financial income75/76B	€3	€14	€16	€6k	€1k	▼ 80.3%
Recurring financial income75	€3	€14	€16	€6k	€1k	▼ 80.3%
Financial charges65/66B	€46	€470	€1k	€1k	€1k	▲ 24.2%
Recurring financial charges65	€46	€470	€1k	€1k	€1k	▲ 24.2%
Profit (loss) for the period before taxes9903	€64k	€73k	€127k	€81k	€122k	▲ 50.1%
Income taxes67/77	€13k	€16k	€30k	€22k	€33k	▲ 48.5%
Profit (loss) for the period9904	€51k	€57k	€97k	€59k	€89k	▲ 50.7%
Profit (loss) for the period to be appropriated9905	€51k	€57k	€97k	€59k	€89k	▲ 50.7%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€104k	€194k	€292k	€351k	€423k	▲ 20.4%
Formation expenses20	€604	€404	€204	€4	-	-
Fixed assets21/28	€5k	€5k	€4k	€3k	€2k	▼ 45.2%
Intangible fixed assets21	€2k	€2k	€1k	€488	€192	▼ 60.7%
Tangible fixed assets22/27	€3k	€3k	€2k	€3k	€2k	▼ 42.5%
Furniture and vehicles24	€3k	€3k	€2k	€3k	€2k	▼ 42.5%
Current assets29/58	€99k	€188k	€288k	€348k	€421k	▲ 21.0%
Amounts receivable within one year40/41	€65k	€70k	€39k	€64k	€44k	▼ 30.9%
Trade receivables40	€64k	€66k	€33k	€53k	€31k	▼ 41.8%
Other amounts receivable41	€1k	€4k	€6k	€12k	€14k	▲ 19.2%
Current investments50/53	-	-	€100k	€151k	-	-
Cash at bank and in hand54/58	€34k	€118k	€148k	€132k	€374k	▲ 184%
Deferred charges and accrued income490/1	€551	€471	€591	€587	€3k	▲ 385%
Equity and liabilities
Total equity and liabilities10/49	€104k	€194k	€292k	€351k	€423k	▲ 20.4%
Equity10/15	€56k	€113k	€209k	€269k	€358k	▲ 33.2%
Contributions10/11	€5k	€5k	€5k	€5k	€5k	=
Profit (loss) carried forward14	€51k	€108k	€204k	€264k	€353k	▲ 33.8%
Amounts payable17/49	€48k	€81k	€82k	€82k	€65k	▼ 21.4%
Amounts payable within one year42/48	€48k	€81k	€82k	€82k	€64k	▼ 21.6%
Trade debts44	€18k	€21k	€10k	€16k	€25k	▲ 54.7%
Suppliers440/4	€18k	€21k	€10k	€16k	€25k	▲ 54.7%
Taxes, remuneration and social security45	€27k	€56k	€69k	€47k	€21k	▼ 55.7%
Taxes450/3	€19k	€34k	€32k	€17k	€367	▼ 97.8%
Remuneration and social security454/9	€8k	€22k	€36k	€30k	€21k	▼ 32.1%
Other amounts payable47/48	€4k	€4k	€4k	€18k	€18k	▼ 0.8%
Accrued charges and deferred income492/3	-	-	-	€700	€713	▲ 1.9%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€51k	€57k	€97k	€59k	€89k	▲ 50.7%
+ Depreciation and write-downs630	€2k	€3k	€3k	€3k	€2k	▼ 43.1%
Operating cash flow (approximation)	€52k	€60k	€100k	€62k	€91k	▲ 46.6%
Investment in fixed assets (approximation)	-	€-3k	€-1k	€-3k	€-4	▲ 99.8%
Change in cash	-	€84k	€30k	€-16k	€242k	▲ 1,582%

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

All 11Financial 4Gazette 1Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

15-09

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 46 days late

23-03

State Gazette act Appointments: EMERIA BENELUX, BE TYCOON REAL ESTATE & FINANCE and RUYSEN CONSULT

Permanent representatives: Guillaume PINTE, Raphaël DE PLAEN and Kim RUYSEN7 facts ▸

General meeting, 02/03/2025
Director appointment, EMERIA BENELUX (director)
Permanent representative, Guillaume PINTE
Director appointment, BE TYCOON REAL ESTATE & FINANCE (director)
Permanent representative, Raphaël DE PLAEN
Director appointment, RUYSEN CONSULT (director)
Permanent representative, Kim RUYSEN

2025

22-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

26-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 26 days late

2023

31-12

Financial Highest result since 2020net €97k ▲69.9%

Operating result €128k, net result €97k, both a record.

31-12

Financial Equity above €200kEq €209k ▲85.9%

4 profitable years in a row build equity to €209k.

24-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 24 days late

2022

31-12

Financial Equity above €100kEq €113k ▲102%

3 profitable years in a row build equity to €113k.

22-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Liquidity doublescurrent ratio 2.04

Current ratio from 0.95 to 2.04.

12-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 7 acts read

About the unread acts

Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

under verification, last change in 2026

This board is reconstructed from a single act (26040728). 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.

BE TYCOON REAL ESTATE & FINANCE

Director · since 23-03-2026 · Private limited company · perm. rep.: Raphaël DE PLAEN

Current

Emeria Benelux

Director · since 23-03-2026 · Public limited company · perm. rep.: Guillaume PINTE

Current

Ruysen Consult

Director · since 23-03-2026 · Private limited company · perm. rep.: Kim RUYSEN

Current

23-03-2026 BE TYCOON REAL ESTATE & FINANCE: Appointed as Director

23-03-2026 Emeria Benelux: Appointed as Director

23-03-2026 Ruysen Consult: Appointed as Director

Not every act has been read: a resignation may be missing here

6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Huy · 1 establishment unit since 2020

seat establishment The establishment unit on the map

Ground area

84 m²

Building footprint

46 m²

Volume, LiDAR

529 m³

Parcel 61031C0197/00B000, Wallonia · tallest building 13.5 m, ±4 floors. Linked by address, not a title deed.

12 companies at this address See who is registered here

1 establishment unit

DR SYNDIC

Rue des Brasseurs 1, 4500 HuyRenting and operating of own or leased residential real estate, excluding social housing

since 20202.309.145.574

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
61031C0197/00B000 ProtectedSite or landscape	Wallonia	84 m²	1 · 46 m²	13.5 m · 4 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.

1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Structure & network

Connections & network

9 connected companies

Depth

Shared directors

This company Company Director Shareholding Click a node to look further, drag to arrange, scroll to zoom.

Linked via shared directors

DR Gestion

Shared corporate director

→

EASY SYNDIC

Shared corporate director

→

ESSET BELUX

Shared corporate director

→

INSURES BELGIUM

Shared corporate director

→

Show 5 more companies with a shared director

Syncura Services

Shared corporate director

→

TREVI BRUXELLES

Shared corporate director

→

TREVI WALLONIE

Shared corporate director

→

VM RENTMEESTERSCHAP

Shared corporate director

→

VM Vastgoedbeheer

Shared corporate director

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Similar companies · same sector, comparable size

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De Panne · Eq €358,676

Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,427 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

Founded07-01-2020

Fiscal year end31-12

Activities, NACEBEL 2025

68203Renting and operating of own or leased non-residential real estate, excluding land

68321Property management for co-owned buildings (syndics)

68201Renting and operating of own or leased residential real estate, excluding social housing

68202Real estate activities

Contact

E-mail syndic@trevirasquain.be

Phone 085253903

Scores and ratios are computed by Checked and are not a credit decision.