Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SYNCO from Kortrijk, company number BE0445631955, closed financial year 2025 with a result of € 687,765 after tax. For that financial year SYNCO recorded a gross margin of € 2 million and equity of € 3.9 million. Compared with financial year 2024, the result moved from € 956,982 to € 687,765. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 7, 2025.
€ 3.9 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 687,765
▼ 28% vs 2024
Profit after tax over the fiscal year.
€ 199,476
▼ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 500,000 paid out
73 % of the profit went to the shareholders, mostly to GRANVIE (100 % of the shares). That is where the money ends up.
People and assets in 2025
10.6
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 601,995
▲ 6% vs 2024
€ 56,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 5.7 million
▲ 27% vs 2024
€ 518,625 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 738,460
▼ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 170,517
▼ 28% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,963,797 | € 2,437,739 | € 2,228,633 | € 2,022,197 | ▼ 9% |
| Profit after taxes | € 966,952 | € 1,153,230 | € 956,982 | € 687,765 | ▼ 28% |
| Equity | € 2,191,814 | € 2,835,044 | € 3,742,026 | € 3,929,791 | ▲ 5% |
| Total debts | € 4,693,459 | € 5,142,078 | € 5,648,573 | € 7,163,461 | ▲ 27% |
| Cash | € 161,371 | € 120,468 | € 271,164 | € 199,476 | ▼ 26% |
| Land & buildings | € 3,005,588 | € 3,918,494 | € 4,634,520 | € 6,165,428 | ▲ 33% |
| Retained profit | € 2,073,314 | € 2,716,544 | € 3,623,526 | € 3,811,291 | ▲ 5% |
| Dividend | € 500,000 | € 510,000 | € 50,000 | € 500,000 | ▲ € 450,000 |
| Bank debt | € 3,615,959 | € 3,973,617 | € 4,513,825 | € 5,724,566 | ▲ 27% |
| Balance sheet total | € 6,885,273 | € 7,977,122 | € 9,390,598 | € 11,093,252 | ▲ 18% |
| Employees (FTE) | 10.3 | 10.1 | 10.3 | 10.6 | ▲ 0.3 |
Key figures of SYNCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to SYNCO?
What happened at SYNCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 687,765 (▼ 28% vs 2024). Source: NBB ↗
- New establishment in Kortrijk. KBO
- New establishment in Kortrijk. KBO
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 966,952 profit in 2022 to € 687,765 profit in 2025.
Paid € 920,779 in corporate taxes since 2022.
Best year ever: 2023, with € 1.2 million profit.
On average € 190,800 of value added per employee in 2025.
A new publication or filing at SYNCO? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of GRANVIE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SYNCOBehind SYNCO are Vietracom BV and Granexito BV. The shares are held by GRANVIE (100%).
Directors
According to the 2025 annual accounts
Bestuurder · represented by Sylvie Nys
Bestuurder · represented by Kristof Nys
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Korte Steenstraat(Kor) 9
8500 Kortrijk
Lange Steenstraat(Kor) 18
8500 Kortrijk
Active since 15 February 1999
Lange Steenstraat(Kor) 40
8500 Kortrijk
Active since 1 October 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0445.631.955
- VAT number
- BE 0445.631.955
- Registered office
- Korte Steenstraat(Kor) 9, 8500 Kortrijk
- Names & denominations
- SYNCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 November 1991
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Detailhandel in uurwerken en sieraden
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Vervaardiging van juwelen en sieraden
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Vervaardiging van sieraden
Reparatie en onderhoud van uurwerken en sieraden
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering