ACTIVE

SYNCO

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Financial year 2025 · closed on 31/03/2025
Net result
687,8 k €
-28.1% YoY
Gross margin
2 M €
-9.3% YoY
Equity
3,9 M €
+5.0% YoY
Workforce
10,6 ETP
+2.9% YoY

What does SYNCO do?

SYNCO is a Private limited company incorporated in 1991. Its main activity is: Water collection, treatment and supply. Its registered office is in Kortrijk. It employs on average 10,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0445.631.955
Incorporation
04/11/1991
Legal form
Private limited company
Registered office
Korte Steenstraat(Kor) 9
8500 Kortrijk · FlandreSee on map
Contributed capital
118 500,00 €
Latest accounts
31/03/2025
Average workforce
10,6 ETP
Activities (NACE)
36223Water collection, treatment and supply· main47770Retail sale of watches and jewellery in specialised stores47770Retail sale of watches and jewellery in specialised stores52484Warehousing and support activities for transportation32123Manufacture of jewellery and related articles32123Manufacture of jewellery and related articles+4
Joint committees (2)
  • 14903
  • 201
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222016201520142013201220112010200920082007
Income statement
Gross margin2 M €2,2 M €2,4 M €2 M €795,3 k €666,7 k €718,2 k €601,3 k €576,5 k €589,9 k €453,8 k €478,4 k €558,7 k €497,9 k €
EBITDA1,4 M €1,6 M €1,9 M €1,5 M €308 k €255,7 k €359,7 k €242,4 k €261,7 k €261,8 k €160,8 k €215,6 k €343 k €293,7 k €
Operating result994,8 k €1,3 M €1,5 M €1,2 M €198,2 k €161,5 k €227,1 k €128 k €148,1 k €141,2 k €63,6 k €115,1 k €223,9 k €158,6 k €
Net result687,8 k €957 k €1,2 M €967 k €115,5 k €99,7 k €127,2 k €66 k €68,6 k €74,2 k €21,8 k €54 k €99,2 k €54,4 k €
Balance sheet
Equity3,9 M €3,7 M €2,8 M €2,2 M €1,4 M €1,3 M €1,2 M €1,1 M €1 M €948 k €873,8 k €852 k €798 k €699,7 k €
Total assets11,1 M €9,4 M €8 M €6,9 M €4,1 M €3,8 M €3,5 M €3,7 M €3,5 M €3,5 M €3,2 M €2,6 M €2,7 M €2,6 M €
Cash199,5 k €271,2 k €120,5 k €161,4 k €275,9 k €259,2 k €153,7 k €78,4 k €93,9 k €152,8 k €207,9 k €33,3 k €92,6 k €109,8 k €
Debts7,1 M €5,6 M €5,1 M €4,7 M €2,6 M €2,5 M €2,3 M €2,6 M €2,4 M €2,5 M €2,3 M €1,7 M €1,8 M €1,9 M €
Other
Workforce10,6 ETP10,3 ETP10,1 ETP10,3 ETP11,2 ETP9,7 ETP8,5 ETP9,2 ETP9,3 ETP9,2 ETP7,8 ETP7,1 ETP6,3 ETP6,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 30 ended

Active mandates

GRANEXITO

Bestuurder · 0835.690.533

Represented by Kristof Nys

Active
VIETRACOM

Bestuurder · 0835.840.882

Represented by Sylvie Nys

Active

Ended mandates

Dries Ameye

Bestuurder · since 31 décembre 2019 · until 23 juin 2022

Ended
Dries Ameye

Director · since 31 décembre 2019

Ended
GRANEXITO

Managing director · since 01 septembre 2017 · until 04 septembre 2023 · 0835.690.533

Represented by Kristof Nys

Ended
Granexito Comm.V

Bestuurder · since 01 septembre 2017

Represented by Kristof Nys

Ended
At this address

Other companies at this address

CompanyCBE no.
GRANVIE● Active
0800.038.083
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/10/202529/10/202427/09/202306/09/202221/09/202114/10/2020
General meeting01/09/202502/09/202404/09/202305/09/202206/09/202128/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202501/09/202507/10/2025DutchPDF
Abridged model31/03/202402/09/202429/10/2024DutchPDF
Abridged model31/03/202304/09/202327/09/2023DutchPDF
Abridged model31/03/202205/09/202206/09/2022DutchPDF
Abridged model31/03/202106/09/202121/09/2021DutchPDF
Abridged model31/03/202028/09/202014/10/2020DutchPDF
Abridged model31/03/201902/09/201917/09/2019DutchPDF
Abridged model31/03/201803/09/201817/09/2018DutchPDF
Abridged model31/03/201704/09/201726/10/2017DutchPDF
Abridged model31/03/201605/09/201627/10/2016DutchPDF
Abridged model31/03/201507/09/201530/09/2015DutchPDF
Abridged model31/03/201401/09/201430/09/2014DutchPDF
Abridged model31/03/201328/10/201330/10/2013DutchPDF
Abridged model31/03/201215/11/201229/11/2012DutchPDF
Abridged model31/03/201125/11/201130/11/2011DutchPDF
Abridged model31/03/201013/12/201014/12/2010DutchPDF
Abridged model31/03/200908/10/200918/12/2009DutchPDF
Abridged model31/03/200831/10/200821/11/2008DutchPDF
Abridged model31/03/200703/09/200727/09/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 30 ended

Active mandates

GRANEXITO

Bestuurder · 0835.690.533

Represented by Kristof Nys

Active
VIETRACOM

Bestuurder · 0835.840.882

Represented by Sylvie Nys

Active

Ended mandates

Dries Ameye

Bestuurder · since 31 décembre 2019 · until 23 juin 2022

Ended
Dries Ameye

Director · since 31 décembre 2019

Ended
GRANEXITO

Managing director · since 01 septembre 2017 · until 04 septembre 2023 · 0835.690.533

Represented by Kristof Nys

Ended
Granexito Comm.V

Bestuurder · since 01 septembre 2017

Represented by Kristof Nys

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other18/10/2023
    DIVERSEN
    PDF
  • Mandates01/07/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/02/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/10/2017
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/10/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/01/2012
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates27/12/2006
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring28/11/2005
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - KAPITAAL - AANDELEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025687,8 k €↓
  2. 2024
    Annual accounts 2024957 k €↓
  3. 2023
    Annual accounts 20231,2 M €↑
  4. 2022
    Annual accounts 2022967 k €↑
  5. 2016
    Annual accounts 2016115,5 k €↑
  6. 2015
    Annual accounts 201599,7 k €↓
  7. 2014
    Annual accounts 2014127,2 k €↑
  8. 2013
    Annual accounts 201366 k €↓
  9. 2012
    Annual accounts 201268,6 k €↓
  10. 2011
    Annual accounts 201174,2 k €↑
  11. 2010
    Annual accounts 201021,8 k €↓
  12. 2009
    Annual accounts 200954 k €↓
  13. 2008
    Annual accounts 200899,2 k €↑
  14. 2007
    Annual accounts 200754,4 k €
  15. 04/11/1991
    IncorporationPrivate limited company