Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Sylphar International from Sint-Martens-Latem, company number BE0675556203, closed financial year 2025 with a result of € -407,833 after tax. For that financial year Sylphar International recorded revenue of € 108,751 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € -53.6 million to € -407,833. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 3, 2026.
€ 1.6 million
▼ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -407,833
▲ 99 % less loss than in 2024
Profit after tax over the fiscal year.
€ 129,517
▲ 161% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -65.3 million.
Debts at end 2025
€ 32.3 million
▲ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 40,799
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 106 days on average.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 601,916 | € 403,704 | € 108,751 | ▼ 73% |
| Profit after taxes | € -32,461,214 | € -53,586,943 | € -407,833 | ▲ € 53.2 million |
| Equity | € 55,608,026 | € 2,021,084 | € 1,613,251 | ▼ 20% |
| Total debts | € 30,237,173 | € 31,779,290 | € 32,697,894 | ▲ 3% |
| Cash | € 17,830 | € 49,691 | € 129,517 | ▲ 161% |
| Retained profit | € -11,289,532 | € -64,876,474 | € -65,284,307 | ▼ € 407,833 |
| Bank debt | € 23,439,877 | € 31,277,929 | € 32,256,406 | ▲ 3% |
| Balance sheet total | € 85,845,199 | € 33,800,373 | € 34,311,145 | ▲ 2% |
Key figures of Sylphar International, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Sylphar International?
What happened at Sylphar International in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Egil MADSEN stepped down as director. NBB
- Christoffer LORENZEN stepped down as director. NBB
- Magnus BRUHN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 407,833. Source: NBB ↗
- Egil MADSEN became a director. NBB
- Christoffer LORENZEN became a director. NBB
- Magnus BRUHN became a director. NBB
- New establishment in Sint-Martens-Latem. KBO
In short
From € 32.5 million loss in 2023 to € 407,833 loss in 2025.
Paid € 999 in corporate taxes since 2023.
Pays suppliers within 106 days on average.
A new publication or filing at Sylphar International? 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 shares are held by Karo Healthcare AB (100%). It owns 100% of Sylphar NV itself.
Directors
According to the 2025 annual accounts
since 2024 · until 2030
since 2023 · until 2030
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Xavier De Cocklaan 24
9831 Sint-Martens-Latem
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
- 0675.556.203
- VAT number
- BE 0675.556.203
- Registered office
- Xavier De Cocklaan 24, 9831 Sint-Martens-Latem
- Names & denominations
- Sylphar International
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 May 2017
- Peppol
- Not registered