SYBTECH
Open bankruptcyA bankruptcy procedure is open for SYBTECH according to publications in the Belgian State Gazette; curator: Stijn VANSCHOUBROEK.
Summary
The 2020 annual accounts show equity of €8k and a net result of €-5k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-06-2021, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d early
2019
4 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-5k
2019 · €581
2018: €6khighest in 3 years
2019: €581▼ -91.0% vs 2018
2020: €-5k▼ -1030% vs 2019lowest in 3 years
2018 → 2020
Working capital
€8k
2019 · €-3k
2018: €-2k
2019: €-3k▼ -104% vs 2018lowest in 3 years
2020: €8k▲ +354% vs 2019highest in 3 years
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€13k-€14k▲ 4.5%€8k▼ 39.7%
2018: €13k
2019: €14k▲ +4.5% vs 2018highest in 3 years
2020: €8k▼ -39.7% vs 2019lowest in 3 years
Operating result€9k-€2k▼ 74.2%€-5k
2018: €9khighest in 3 years
2019: €2k▼ -74.2% vs 2018
2020: €-5k▼ -326% vs 2019lowest in 3 years
Net result€6k-€581▼ 91.0%€-5k
2018: €6khighest in 3 years
2019: €581▼ -91.0% vs 2018
2020: €-5k▼ -1030% vs 2019lowest in 3 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €5k after €2k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €17k
Equity
€8k ▼ 39.7%
Debt
€9k ▼ 83.0%
Debt's share of the balance-sheet total falls from 79.5% to 52.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12k▲
2019 · €5k
Cash flow
€11k▲
2019 · €3k
Current ratio
1.91▲
2019 · 0.94
ROE
-65.8%▼
2019 · 4.3%
ROA
-31.4%▼
2019 · 0.9%
Debt ≤ 1 year
€9k▼
2019 · €53k
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 · 2020 against 2019 · 22 lines
Balance sheet
Code20192020
Assets
Total assets20/58€67k€17k▼
Fixed assets21/28€17k-
Tangible fixed assets22/27€17k-
Current assets29/58€50k€17k▼
Amounts receivable within one year40/41€27k€8k▼
Cash at bank and in hand54/58€22k€10k▼
Equity and liabilities
Total equity and liabilities10/49€67k€17k▼
Equity10/15€14k€8k▼
Contributions10/11€6k€6k=
Reserves13€762€762=
Profit (loss) carried forward14€7k€1k▼
Amounts payable17/49€53k€9k▼
Amounts payable within one year42/48€53k€9k▼
Trade debts44€588-
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€17k▲
Gross operating margin9900€20k€12k▼
Operating profit (loss)9901€2k€-5k▼
Recurring financial charges65€173€181▲
Profit (loss) for the period before taxes9903€2k€-5k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€581€-5k▼
Profit (loss) for the period to be appropriated9905€581€-5k▼
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €3k | €17k | ▲ 557% |
| Gross operating margin9900 | €21k | €20k | €12k | ▼ 39.6% |
| Operating profit (loss)9901 | €9k | €2k | €-5k | ▼ 326% |
| Recurring financial charges65 | €154 | €173 | €181 | ▲ 4.6% |
| Profit (loss) for the period before taxes9903 | €9k | €2k | €-5k | ▼ 352% |
| Income taxes67/77 | €2k | €2k | - | - |
| Profit (loss) for the period9904 | €6k | €581 | €-5k | ▼ 1,030% |
| Profit (loss) for the period to be appropriated9905 | €6k | €581 | €-5k | ▼ 1,030% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €127k | €67k | €17k | ▼ 74.1% |
| Fixed assets21/28 | €15k | €17k | - | - |
| Tangible fixed assets22/27 | €15k | €17k | - | - |
| Current assets29/58 | €112k | €50k | €17k | ▼ 65.4% |
| Amounts receivable within one year40/41 | €59k | €27k | €8k | ▼ 71.9% |
| Cash at bank and in hand54/58 | €53k | €22k | €10k | ▼ 57.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €127k | €67k | €17k | ▼ 74.1% |
| Equity10/15 | €13k | €14k | €8k | ▼ 39.7% |
| Contributions10/11 | €6k | €6k | €6k | = |
| Reserves13 | €733 | €762 | €762 | = |
| Profit (loss) carried forward14 | €6k | €7k | €1k | ▼ 81.2% |
| Amounts payable17/49 | €114k | €53k | €9k | ▼ 83.0% |
| Amounts payable within one year42/48 | €114k | €53k | €9k | ▼ 83.0% |
| Trade debts44 | €31k | €588 | - | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €581 | €-5k | ▼ 1,030% |
| + Depreciation and write-downs630 | €8k | €3k | €17k | ▲ 557% |
| Operating cash flow (approximation) | €15k | €3k | €11k | ▲ 264% |
| Investment in fixed assets (approximation) | - | €-5k | - | - |
| Change in cash | - | €-31k | €-13k | ▲ 58.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
09-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 03-09-2024
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.91
Current ratio from 0.94 to 1.91; short-term debt falls from €53k to €9k.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2015
Ground area
670 m²
Building footprint
488 m²
Volume, LiDAR
11,099 m³
Parcel 21808H1778/00D000, Brussels · tallest building 27.7 m, ±8 floors. Linked by address, not a title deed.
466
companies at this address
See who is registered here
1 establishment unit
SYBTECH
since 20152.249.915.691
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1778/00D000 | Brussels | 670 m² | 1 · 488 m² | 27.7 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Stijn VANSCHOUBROEK KEIZER KARELLAAN 586
BUS 9, 1082 SINT-AGATHA-BERCHEM |
03-09-2024 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded22-12-2015
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.