SYNCO is a jeweller in Kortrijk. Private Limited, started on 4 November 1991, 3 establishments.

What is the address of SYNCO?

The registered office of SYNCO is located at Korte Steenstraat(Kor) 9, 8500 Kortrijk.

Is SYNCO still active?

Yes. According to the CBE (31 October 2026) SYNCO is active, legal situation “Normale toestand”, started on 4 November 1991.

Is SYNCO registered on Peppol?

Yes, SYNCO is registered on the Peppol network with ID 0208:0445631955.

What is the enterprise number of SYNCO?

The enterprise number of SYNCO is BE0445631955.

When was SYNCO founded?

SYNCO was founded on 4 November 1991.

Who are the directors of SYNCO?

According to the 2026 annual accounts, the directors of SYNCO are: Vietracom BV, Granexito BV.

Is SYNCO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 4 November 1991; 5 annual accounts filed, latest fiscal year 2026; 2 directors known from the annual account; 3 establishments in the CBE.

How much profit did SYNCO make in 2026?

SYNCO posted a profit after taxes of € 926,138 in financial year 2026.

What is the revenue of SYNCO?

As a small company, SYNCO is not required to publish revenue in its annual accounts. In financial year 2026, its added value was € 2,513,904.

How much does an employee at SYNCO earn?

The average wage cost per full-time employee at SYNCO was € 58,200 in 2026: staff costs of € 581,758 for 10 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does SYNCO have?

According to the 2026 annual accounts, SYNCO has 10 full-time equivalents (FTE).

SYNCO (Private Limited) - Kortrijk - BE0445631955

Dossier SYNCO, printed on 1 November 2026 from databakkes.be/en/0445631955/synco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 11 % of short-term debt in 2026; threshold 65 %.

Financials

Financial year 2026

SYNCO from Kortrijk, company number BE0445631955, closed financial year 2026 with a result of € 926,138 after tax. For that financial year SYNCO recorded a gross margin of € 2.5 million and equity of € 4.4 million. Compared with financial year 2025, the result moved from € 687,765 to € 926,138. Profitable, and profit is growing. 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 9, 2026.

What it is worth Growing

€ 4.4 million

▲ 11% vs 2025

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 926,138

▲ 35% vs 2025

Profit after tax over the fiscal year.

Cash in the bank

€ 143,795

▼ 28% vs 2025

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 500,000 paid out

54 % 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 2026

Full-time equivalents

▼ 0.6 vs 2025

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 581,758

▼ 3% vs 2025

€ 58,200 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.

Vehicles and equipment

€ 2,062

Book value of vehicles, furniture and equipment.

Debts at end 2026

Bank debt ≈ 10 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 5.6 million

▼ 2% vs 2025

€ 569,276 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.

Owed to suppliers

€ 588,576

▼ 20% vs 2025

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 193,706

▲ 14% vs 2025

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2023	2024	2025	2026	Change 2025 → 2026
Gross margin	€ 2,437,739 Gross margin 2023: € 2,437,739 First fiscal year in the series	€ 2,228,633 Gross margin 2024: € 2,228,633 ▼ 9% vs 2023 (€ 2,437,739) Unfavourable step	€ 2,022,197 Gross margin 2025: € 2,022,197 ▼ 9% vs 2024 (€ 2,228,633) Unfavourable step	€ 2,513,904 Gross margin 2026: € 2,513,904 ▲ 24% vs 2025 (€ 2,022,197) Favourable step	▲ 24%
Profit after taxes	€ 1,153,230 Profit after taxes 2023: € 1,153,230 First fiscal year in the series	€ 956,982 Profit after taxes 2024: € 956,982 ▼ 17% vs 2023 (€ 1,153,230) Unfavourable step	€ 687,765 Profit after taxes 2025: € 687,765 ▼ 28% vs 2024 (€ 956,982) Unfavourable step	€ 926,138 Profit after taxes 2026: € 926,138 ▲ 35% vs 2025 (€ 687,765) Favourable step	▲ 35%
Equity	€ 2,835,044 Equity 2023: € 2,835,044 First fiscal year in the series	€ 3,742,026 Equity 2024: € 3,742,026 ▲ 32% vs 2023 (€ 2,835,044) Favourable step	€ 3,929,791 Equity 2025: € 3,929,791 ▲ 5% vs 2024 (€ 3,742,026) Favourable step	€ 4,355,929 Equity 2026: € 4,355,929 ▲ 11% vs 2025 (€ 3,929,791) Favourable step	▲ 11%
Total debts	€ 5,142,078 Total debts 2023: € 5,142,078 First fiscal year in the series	€ 5,648,573 Total debts 2024: € 5,648,573 ▲ 10% vs 2023 (€ 5,142,078) Unfavourable step	€ 7,163,461 Total debts 2025: € 7,163,461 ▲ 27% vs 2024 (€ 5,648,573) Unfavourable step	€ 6,921,501 Total debts 2026: € 6,921,501 ▼ 3% vs 2025 (€ 7,163,461) Favourable step	▼ 3%
Cash	€ 120,468 Cash 2023: € 120,468 First fiscal year in the series	€ 271,164 Cash 2024: € 271,164 ▲ 125% vs 2023 (€ 120,468) Favourable step	€ 199,476 Cash 2025: € 199,476 ▼ 26% vs 2024 (€ 271,164) Unfavourable step	€ 143,795 Cash 2026: € 143,795 ▼ 28% vs 2025 (€ 199,476) Unfavourable step	▼ 28%
Land & buildings	€ 3,918,494 Land & buildings 2023: € 3,918,494 First fiscal year in the series	€ 4,634,520 Land & buildings 2024: € 4,634,520 ▲ 18% vs 2023 (€ 3,918,494) Unchanged	€ 6,165,428 Land & buildings 2025: € 6,165,428 ▲ 33% vs 2024 (€ 4,634,520) Unchanged	€ 6,397,377 Land & buildings 2026: € 6,397,377 ▲ 4% vs 2025 (€ 6,165,428) Unchanged	▲ 4%
Retained profit	€ 2,716,544 Retained profit 2023: € 2,716,544 First fiscal year in the series	€ 3,623,526 Retained profit 2024: € 3,623,526 ▲ 33% vs 2023 (€ 2,716,544) Favourable step	€ 3,811,291 Retained profit 2025: € 3,811,291 ▲ 5% vs 2024 (€ 3,623,526) Favourable step	€ 4,237,429 Retained profit 2026: € 4,237,429 ▲ 11% vs 2025 (€ 3,811,291) Favourable step	▲ 11%
Dividend	€ 510,000 Dividend 2023: € 510,000 First fiscal year in the series	€ 50,000 Dividend 2024: € 50,000 ▼ 90% vs 2023 (€ 510,000) Unchanged	€ 500,000 Dividend 2025: € 500,000 ▲ € 450,000 vs 2024 (€ 50,000) Unchanged	€ 500,000 Dividend 2026: € 500,000 Unchanged (€ 500,000) Unchanged
Bank debt	€ 3,973,617 Bank debt 2023: € 3,973,617 First fiscal year in the series	€ 4,513,825 Bank debt 2024: € 4,513,825 ▲ 14% vs 2023 (€ 3,973,617) Unfavourable step	€ 5,724,566 Bank debt 2025: € 5,724,566 ▲ 27% vs 2024 (€ 4,513,825) Unfavourable step	€ 5,590,531 Bank debt 2026: € 5,590,531 ▼ 2% vs 2025 (€ 5,724,566) Favourable step	▼ 2%
Balance sheet total	€ 7,977,122 Balance sheet total 2023: € 7,977,122 First fiscal year in the series	€ 9,390,598 Balance sheet total 2024: € 9,390,598 ▲ 18% vs 2023 (€ 7,977,122) Unchanged	€ 11,093,252 Balance sheet total 2025: € 11,093,252 ▲ 18% vs 2024 (€ 9,390,598) Unchanged	€ 11,277,430 Balance sheet total 2026: € 11,277,430 ▲ 2% vs 2025 (€ 11,093,252) Unchanged	▲ 2%
Employees (FTE)	10.1 Employees (FTE) 2023: 10.1 First fiscal year in the series	10.3 Employees (FTE) 2024: 10.3 ▲ 0.2 vs 2023 (10.1) Unchanged	10.6 Employees (FTE) 2025: 10.6 ▲ 0.3 vs 2024 (10.3) Unchanged	10 Employees (FTE) 2026: 10 ▼ 0.6 vs 2025 (10.6) Unchanged	▼ 0.6

Key figures of SYNCO, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.

What happened to SYNCO?

What happened at SYNCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Oct 9, 2026 New annual accounts for financial year 2026: profit of € 926,138 (▲ 35% vs 2025). Source: NBB ↗
Oct 1, 2020 New establishment in Kortrijk. KBO
Feb 15, 1999 New establishment in Kortrijk. KBO
Jan 29, 1992 New establishment in Kortrijk. KBO
Nov 4, 1991 Start of the company according to the CBE. KBO

In short

From € 1.2 million profit in 2023 to € 926,138 profit in 2026.

Paid € 1.1 million in corporate taxes since 2023.

Best year ever: 2023, with € 1.2 million profit.

On average € 251,400 of value added per employee in 2026.

Original PDFs at the National Bank ↗

Management

GRANVIE 100%

The stake of GRANVIE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

SYNCO

Behind SYNCO are Vietracom BV and Granexito BV. The shares are held by GRANVIE (100%).

Directors

According to the 2026 annual accounts

Vietracom BV

Bestuurder · represented by Sylvie Nys

Granexito BV

Bestuurder · represented by Kristof Nys

Shareholders

GRANVIE

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Korte Steenstraat(Kor) 9

8500 Kortrijk

2.055.959.342

Lange Steenstraat(Kor) 18

8500 Kortrijk

Active since 15 February 1999

2.309.516.451

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 →

GRANVIE same network

€ 498,003 gross margin · 2025

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

View on CBE Public ↗ Annual accounts (NBB) ↗

SYNCO

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Financials

What happened to SYNCO?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions