ACTIVE

Synicum

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Financial year 2024 · closed on 31/12/2024

Net result

66,1 k €

+129.4% YoY

Gross margin

98,4 k €

-58.0% YoY

Equity

80,4 k €

+463.2% YoY

What does Synicum do?

Synicum is a Private limited company incorporated in 1995. Its registered office is in Maldegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.767.474

Incorporation

09/03/1995

Legal form

Private limited company

Registered office

Staatsbaan 2 box B
9991 Maldegem · FlandreSee on map

Contributed capital

12 402,66 €

Latest accounts

31/12/2024

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	98,4 k €	-58.0%	234,1 k €	+6.7%	219,4 k €	+1.8%	215,4 k €	+11.3%	193,5 k €	+45.8%	132,7 k €	-13.6%	153,6 k €	-19.8%	191,5 k €	+8.4%	176,7 k €	-14.5%	206,7 k €	+52.0%	135,9 k €	-18.3%	166,4 k €	+27.4%	130,6 k €	+30.5%	100,1 k €	+18.9%	84,2 k €	-12.4%	96,1 k €	+4.2%	92,2 k €	+19.5%	77,2 k €	-8.0%	83,9 k €
EBITDA	98,2 k €	+113%	46,1 k €	+2.5%	45 k €	+382%	9,3 k €	-76.5%	39,7 k €	+104%	19,4 k €	-72.0%	69,5 k €	+132%	29,9 k €	+31.1%	22,8 k €	-20.3%	28,6 k €	+122%	-130,9 k €	-498%	32,9 k €	-42.9%	57,5 k €	+116%	26,6 k €	+30.7%	20,4 k €	-25.4%	27,3 k €	-24.3%	36,1 k €	+52.3%	23,7 k €	-0.9%	23,9 k €
Operating result	98,2 k €	+137%	41,5 k €	+2.8%	40,3 k €	+87.6%	21,5 k €	-57.4%	50,5 k €	+66.7%	30,3 k €	+16.1%	26,1 k €	-46.0%	48,3 k €	+112%	22,8 k €	-21.8%	29,2 k €	+667%	3,8 k €	-36.1%	5,9 k €	+27.9%	4,7 k €	-63.7%	12,8 k €	+40.9%	9,1 k €	-48.2%	17,6 k €	+145%	7,2 k €	-62.1%	19 k €	+140%	7,9 k €
Net result	66,1 k €	+129%	28,8 k €	+1.3%	28,4 k €	+106%	13,8 k €	-62.6%	36,9 k €	+103%	18,2 k €	-22.7%	23,5 k €	-43.0%	41,3 k €	+147%	16,7 k €	+23.3%	13,5 k €	+422%	2,6 k €	-4.5%	2,7 k €	+11.2%	2,4 k €	-65.5%	7,1 k €	+154%	2,8 k €	-78.5%	13 k €	+364%	2,8 k €	-75.5%	11,4 k €	+239%	3,4 k €
Balance sheet
Equity	80,4 k €	+463%	14,3 k €	-91.3%	164,2 k €	-27.3%	225,8 k €	+6.5%	211,9 k €	+21.1%	175 k €	+11.6%	156,8 k €	+2.3%	153,3 k €	+36.8%	112 k €	+17.5%	95,3 k €	+16.6%	81,8 k €	+3.3%	79,2 k €	+3.6%	76,5 k €	+3.3%	74 k €	+10.6%	67 k €	+4.3%	64,2 k €	+25.3%	51,2 k €	+5.8%	48,4 k €	+30.8%	37 k €
Total assets	135,2 k €	+109%	64,6 k €	-78.7%	303,3 k €	-18.2%	370,7 k €	+22.4%	302,8 k €	-2.8%	311,5 k €	-6.5%	333,1 k €	+49.8%	222,4 k €	+5.4%	211 k €	-32.8%	314 k €	-2.1%	320,8 k €	-12.6%	366,8 k €	+1.3%	362,1 k €	+14.1%	317,4 k €	+32.7%	239,1 k €	+29.0%	185,4 k €	-39.5%	306,3 k €	+26.2%	242,8 k €	+51.7%	160,1 k €
Cash	3,1 k €	-1.5%	3,2 k €	-92.7%	44 k €	+101%	21,8 k €	+52.5%	14,3 k €	-68.7%	45,8 k €	+1420%	3 k €	+29.7%	2,3 k €	-59.7%	5,8 k €	+172%	2,1 k €	-12.9%	2,4 k €	-48.4%	4,7 k €	-49.1%	9,2 k €	+39.0%	6,6 k €	+116%	3,1 k €	+54.4%	2 k €	+283%	521,5 €	-79.2%	2,5 k €	-85.5%	17,3 k €
Debts	54,8 k €	+8.8%	50,4 k €	-61.4%	130,3 k €	-10.1%	144,9 k €	+60.2%	90,5 k €	-33.7%	136,5 k €	-22.6%	176,3 k €	+155%	69 k €	-30.2%	99 k €	-54.7%	218,7 k €	+2.9%	212,5 k €	-20.6%	267,6 k €	+3.1%	259,6 k €	+25.2%	207,3 k €	+52.3%	136,1 k €	+31.9%	103,2 k €	-56.5%	237,1 k €	+22.0%	194,3 k €	+57.9%	123,1 k €
Other
Workforce	–		2,9 ETP	-3.3%	3,0 ETP	-40.0%	5,0 ETP	+28.2%	3,9 ETP	+85.7%	2,1 ETP	+23.5%	1,7 ETP	-34.6%	2,6 ETP	-13.3%	3,0 ETP	-3.2%	3,1 ETP	+6.9%	2,9 ETP	+26.1%	2,3 ETP	0.0%	2,3 ETP	0.0%	2,3 ETP	+21.1%	1,9 ETP	0.0%	1,9 ETP	+5.6%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 12 ended

Active mandates

Adam Ruth

Director

Active

Ended mandates

Ruth Adam

Director · since 01 janvier 2024

Ended

BERT DE VOS

Director · since 01 septembre 2019 · until 31 décembre 2019

Ended

REINO

Manager · since 01 janvier 2011 · 0458.568.092

Represented by BERT DE VOS

Ended

REINO

Director · since 01 janvier 2011 · 0458.568.092

Represented by BERT DE VOS

Ended

At this address

Other companies at this address

Company	CBE no.
HESTIA● Liquidation	0838.835.610
PIZZA MALDEGEM● Active	1020.572.137
Reyniers-De Waele Rapid Cars● Active	0401.043.233
VESTA● Active	0836.465.939

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/04/2026	31/08/2024	25/05/2023	01/07/2022	30/07/2021	27/07/2020
General meeting	24/04/2025	22/06/2024	18/05/2023	15/06/2022	30/06/2021	30/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	24/04/2025	20/04/2026	Dutch	PDF
Abridged model	31/12/2023	22/06/2024	31/08/2024	Dutch	PDF
Abridged model	31/12/2022	18/05/2023	25/05/2023	Dutch	PDF
Abridged model	31/12/2021	15/06/2022	01/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	30/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	27/07/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	12/09/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	27/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	24/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	27/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	23/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	30/09/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	30/08/2007	Dutch	PDF
Abridged model	31/12/2005	30/06/2006	28/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 31/12/2024 · 1 active · 12 ended

Active mandates

Adam Ruth

Director

Active

Ended mandates

Ruth Adam

Director · since 01 janvier 2024

Ended

BERT DE VOS

Director · since 01 septembre 2019 · until 31 décembre 2019

Ended

REINO

Manager · since 01 janvier 2011 · 0458.568.092

Represented by BERT DE VOS

Ended

REINO

Director · since 01 janvier 2011 · 0458.568.092

Represented by BERT DE VOS

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/04/2024
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - MAATSCHAPPELIJKE ZETEL
PDF
Mandates23/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares25/02/2016
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/03/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/09/2009
ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 202466,1 k €↑
2023
Annual accounts 202328,8 k €↑
2023
Name changeSYNICUM
2022
Annual accounts 202228,4 k €↑
2021
Annual accounts 202113,8 k €↓
2020
Annual accounts 202036,9 k €↑
2019
Annual accounts 201918,2 k €↓
2018
Annual accounts 201823,5 k €↓
2017
Annual accounts 201741,3 k €↑
2016
Annual accounts 201616,7 k €↑
2015
Annual accounts 201513,5 k €↑
2014
Annual accounts 20142,6 k €↓
2013
Annual accounts 20132,7 k €↑
2012
Annual accounts 20122,4 k €↓
2011
Annual accounts 20117,1 k €↑
2010
Annual accounts 20102,8 k €↓
2009
Annual accounts 200913 k €↑
2008
Annual accounts 20082,8 k €↓
2007
Annual accounts 200711,4 k €↑
2006
Annual accounts 20063,4 k €
2006
Name changeDe Vos Beheer
09/03/1995
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Synicum

Overview

What does Synicum do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline