Maison des Syndicats
ActiveSummary
Maison des Syndicats has been active since 1946 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-5.88M) and a net result of €-236k. Equity is shrinking by ~6.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability24▼-54
Solvency0=
Growth53▲+1
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.57 against 5.74 in 2024; short-term debt: 2.2% and cash: 1.4% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-115.2%
Return on assets
-4.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-5.88M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
31 d early
2023
33 d early
2022
46 d early
2021
62 d early
2020
33 d early
2019
43 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€871k▲ 6.6%
2024 · €817k
2020: €744k
2021: €698k
2022: €869k
2023: €821k
2024: €817k
2020 → 2025
EBIT margin
-26.3%▼ 17.9pp
2024 · -8.4%
2020: -56.3%
2021: -58.9%
2022: -47.5%
2023: -25.3%
2024: -8.4%
2020 → 2025
Net result
€-236k▼ 179%
2024 · €-84k
2018: €-437k
2019: €-437k
2020: €-437k
2021: €-435k
2022: €-434k
2023: €-224k
2024: €-84k
2018 → 2025
Working capital
€398k▲ 1.1%
2024 · €394k
2018: €-23k
2019: €-123k
2020: €326k
2021: €314k
2022: €277k
2023: €272k
2024: €394k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€698k-€869k▲ 24.5%€821k▼ 5.5%€817k▼ 0.4%€871k▲ 6.6%
Equity€-4.90M-€-5.33M▼ 8.9%€-5.56M▼ 4.2%€-5.64M▼ 1.5%€-5.88M▼ 4.2%
Operating result€-411k-€-413k▼ 0.3%€-208k▲ 49.7%€-68k▲ 67.0%€-229k▼ 234%
Net result€-435k-€-434k▲ 0.2%€-224k▲ 48.3%€-84k▲ 62.4%€-236k▼ 179%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €229k in 2025 against €68k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.10M
Fixed assets
€4.59M ▼ 5.0%
Current assets
€510k ▲ 6.8%
Key figures and ratios
EBITDA
€12k▼
2024 · €385k
Cash flow
€5k▼
2024 · €369k
Solvency
-115.2%▼
2024 · -106.2%
Current ratio
4.57▼
2024 · 5.74
Debt to equity
-1.87▲
2024 · -1.94
ROA
-4.6%▼
2024 · -1.6%
Interest coverage
1.25▼
2024 · 20.30
Debt
€10.98M▲
2024 · €10.95M
Debt ≤ 1 year
€112k▲
2024 · €83k
Debt > 1 year
€10.87M=
2024 · €10.87M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.31M€5.10M▼
Fixed assets21/28€4.83M€4.59M▼
Tangible fixed assets22/27€4.60M€4.36M▼
Land and buildings22€4.60M€4.36M▼
Leasing and similar rights25€3k-
Financial fixed assets28€231k€231k=
Current assets29/58€477k€510k▲
Amounts receivable after more than one year29€70k€82k▲
Trade receivables290€19k€32k▲
Other amounts receivable291€51k€50k▼
Amounts receivable within one year40/41€295k€322k▲
Trade receivables40€269k€304k▲
Other amounts receivable41€27k€19k▼
Cash at bank and in hand54/58€92k€73k▼
Deferred charges and accrued income490/1€20k€32k▲
Equity and liabilities
Total equity and liabilities10/49€5.31M€5.10M▼
Equity10/15€-5.64M€-5.88M▼
Profit (loss) carried forward14€-5.64M€-5.88M▼
Amounts payable17/49€10.95M€10.98M▲
Amounts payable after more than one year17€10.87M€10.87M=
Financial debts170/4€500k€500k=
Other amounts payable178/9€10.37M€10.37M=
Amounts payable within one year42/48€83k€112k▲
Current portion of amounts payable after more than one year42€3k-
Trade debts44€81k€112k▲
Suppliers440/4€81k€112k▲
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Turnover70€817k€871k▲
Non-recurring operating income76A€497k-
Goods, raw materials, services and sundry goods60/61€520k€579k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€453k€241k▼
Other operating charges640/8€243k€280k▲
Non-recurring operating charges66A€166k-
Gross operating margin9900€793k€292k▼
Operating profit (loss)9901€-68k€-229k▼
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€19k€10k▼
Recurring financial charges65€19k€10k▼
Profit (loss) for the period before taxes9903€-84k€-236k▼
Profit (loss) for the period9904€-84k€-236k▼
Profit (loss) for the period to be appropriated9905€-84k€-236k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5.64M€-5.88M▼
Profit (loss) brought forward from the previous period14P€-5.56M€-5.64M▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
State Gazette act
Appointments: Battista SCHIFANO, Minervina BAYON REYERO and 6 othersReappointment: MAISON DES SYNDICATS (director) · Approval · Director discharge14 facts ▸
State Gazette act
Appointments: Battista SCHIFANO, Minervina BAYON REYERO and 6 others
Reappointment: MAISON DES SYNDICATS (director) · Approval · Director discharge14 facts ▸
- General meeting, 26/06/2026
- Director appointment, Battista SCHIFANO (administrateur président)
- Director appointment, Minervina BAYON REYERO (administratrice secrétaire)
- Director appointment, Minervina BAYON REYERO (en charge de la gestion journalière)
- Director appointment, Johnny COIN (administrateur trésorier)
- Director appointment, Françoise BERNARD (director)
- Director appointment, Stéphane BREDA (director)
- Director appointment, Eric DUCHESNE (director)
- Director appointment, Alain RORIVE (director)
- Director appointment, Joël THÔNE (director)
- Approval, bilan et les comptes 2025
- Approval, budget 2026
- +2 further facts in this act
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity triplescurrent ratio 5.74
Current ratio from 1.86 to 5.74; short-term debt falls from €317k to €83k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-437k
Net result drops to €-437k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 1.90
Current ratio from 0.63 to 1.90.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26096972). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Alain RORIVE
CurrentDirector · since 26-06-2026
Battista SCHIFANO
CurrentAdministrateur président · since 26-06-2026
Françoise Bernard
CurrentDirector · since 26-06-2026
Johnny Coin
CurrentAdministrateur trésorier · since 26-06-2026
Joël Thone
CurrentDirector · since 26-06-2026
Minervina BAYON REYERO
CurrentAdministratrice secrétaire · since 26-06-2026
2 other directors
Stéphane Bréda
CurrentDirector · since 26-06-2026
Éric Duchesne
CurrentDirector · since 26-06-2026
26-06-2026
Alain RORIVE: Appointed as Director
26-06-2026
Battista SCHIFANO: Appointed as Administrateur président
26-06-2026
Françoise Bernard: Appointed as Director
26-06-2026
Johnny Coin: Appointed as Administrateur trésorier
26-06-2026
Joël Thone: Appointed as Director
Location & real-estate footprint
Registered office, Liège
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place Saint-Paul 9-114000 LiègeGround area
914 m²
Building footprint
472 m²
Volume, LiDAR
12,944 m³
Parcel 62803A1525/00R000, Wallonia · tallest building 30.8 m, ±9 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803A1525/00R000 ProtectedSite or landscape |
Wallonia | 914 m² | 1 · 472 m² | 30.8 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
15 connected companiesLinked via shared directors
via Joël Thone, Stéphane Bréda and 2 others
→
via Éric Duchesne · Director
→
→
via Éric Duchesne, Johnny Coin and 3 others · Director
→
Show 11 more companies with a shared director
via Stéphane Bréda · Vice-chair
→
via Françoise Bernard and Joël Thone · Director
→
via Joël Thone · Director
→
→
via Françoise Bernard, Joël Thone and 2 others · Director
→
via Stéphane Bréda · Director
→
via Françoise Bernard and Éric Duchesne · Director
→
via Françoise Bernard and Éric Duchesne · Director
→
via Stéphane Bréda · Président de l'organe d'administration
→
via Françoise Bernard, Joël Thone and 3 others · Director
→
via Françoise Bernard · Director
→
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded01-01-1946
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.