Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SYNPET from Elsene, company number BE0783916386, closed financial year 2025 with a result of € -2.9 million after tax. For that financial year SYNPET recorded revenue of € 6,488 and equity of € 15.8 million. Compared with financial year 2024, the result moved from € -1.6 million to € -2.9 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 15.8 million
▼ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.9 million
▼ 80 % more loss than in 2024
Profit after tax over the fiscal year.
€ 35,218
▼ 97% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.2 million.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 784,479
▲ 153% vs 2024
€ 392,200 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.
Debts at end 2025
€ 6.2 million
Loans from banks and other lenders, long and short.
€ 219,054
▲ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 109,570
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | - | - | € 6,488 | |
| Gross margin | - | - | € -1,943,668 | |
| Profit after taxes | € -629,314 | € -1,640,855 | € -2,947,421 | ▼ € 1.3 million |
| Equity | € 20,432,186 | € 18,791,331 | € 15,843,910 | ▼ 16% |
| Total debts | € 570,264 | € 316,671 | € 6,492,272 | ▲ € 6.2 million |
| Cash | € 11,877,319 | € 1,363,621 | € 35,218 | ▼ 97% |
| Retained profit | € -629,314 | € -2,270,169 | € -5,217,590 | ▼ € 2.9 million |
| Bank debt | € 0 | € 0 | € 6,163,648 | |
| Balance sheet total | € 21,002,450 | € 19,108,002 | € 22,336,182 | ▲ 17% |
| Employees (FTE) | - | 2 | 2 |
Key figures of SYNPET, 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 SYNPET?
What happened at SYNPET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ilyas Cem Özsüer stepped down as director. NBB
- James Owen Glynn Price stepped down as director. NBB
- Jacques De Hillerin stepped down as director. NBB
- Ahmet Ihsan Eren stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.9 million. Source: NBB ↗
- Ilyas Cem Özsüer became a director. NBB
- James Owen Glynn Price became a director. NBB
- Jacques De Hillerin became a director. NBB
In short
From € 629,314 loss in 2023 to € 2.9 million loss in 2025.
A new publication or filing at SYNPET? We notify you, reason included.
Follow SYNPETDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
It owns 100% of SynPet TR Teknoloji AS, 100% of Sarge R&D and 100% of SynPet Circularity Plant Antwerp itself.
Directors
According to the 2025 annual accounts
Ilyas Cem Özsüer
Managing director
since 2023 · until 2029
James Owen Glynn Price
Director
since 2023 · until 2029
Jacques De Hillerin
Director
since 2023 · until 2029
Ahmet Ihsan Eren
Director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Louizalaan 54
1050 Elsene
Louizalaan 523
1050 Brussel
Active since 28 March 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0783.916.386
- VAT number
- BE 0783.916.386
- Registered office
- Louizalaan 54, 1050 Elsene
- Names & denominations
- SYNPET
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 March 2022
- Peppol
- Active · Active since 19 Aug 2026
- Activities · NACE
Andere afvalverwijdering
Terugwinning van materialen uit afval
Overige verwerking en verwijdering van ongevaarlijk afval
Fysicochemische verwerking van slib en vloeibare afvalstoffen
Sanering en ander afvalbeheer