SYNGULON
Open bankruptcyA bankruptcy procedure is open for SYNGULON according to publications in the Belgian State Gazette; curator: FRANCOIS MINON.
Summary
The 2023 annual accounts show equity of €2.52M and a net result of €-721k.
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 31-12-2023 was due by 31-07-2024 and was filed on 19-07-2024, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
12 d early
2022
17 d early
2021
27 d early
2020
16 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-721k▲ 27.7%
2022 · €-997k
2018: €-695k
2019: €809k
2020: €-869k
2021: €-718k
2022: €-997k
2018 → 2023
Working capital
€89k
2022 · €-146k
2018: €678k
2019: €559k
2020: €102k
2021: €853k
2022: €-146k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€4.23M-€3.36M▼ 20.5%€3.18M▼ 5.4%€2.45M▼ 23.2%€2.52M▲ 3.2%
Operating result€829k-€-841k€-675k▲ 19.7%€-945k▼ 40.0%€-676k▲ 28.5%
Net result€809k-€-869k€-718k▲ 17.4%€-997k▼ 38.8%€-721k▲ 27.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €676k in 2023 against €945k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €5.66M
Fixed assets
€4.30M ▼ 2.3%
Current assets
€1.36M ▲ 22.8%
Equity and liabilities €5.66M
Equity
€2.52M ▲ 3.2%
Debt
€3.13M ▲ 2.3%
Debt's share of the balance-sheet total falls from 55.6% to 55.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-576k▲
2022 · €-844k
Cash flow
€-620k▲
2022 · €-895k
Current ratio
1.07▲
2022 · 0.88
Debt to equity
1.24▼
2022 · 1.25
ROE
-28.5%▲
2022 · -40.8%
ROA
-12.7%▲
2022 · -18.1%
Interest coverage
-12.89▲
2022 · -16.46
Debt ≤ 1 year
€1.27M▲
2022 · €1.25M
Debt > 1 year
€628k▼
2022 · €723k
Staff costs
€711k▼
2022 · €822k
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 · 2023 against 2022 · 50 lines
Balance sheet
Code20222023
Assets
Total assets20/58€5.51M€5.66M▲
Fixed assets21/28€4.40M€4.30M▼
Intangible fixed assets21€4.40M€4.30M▼
Tangible fixed assets22/27€1k€621▼
Plant, machinery and equipment23€1k€621▼
Financial fixed assets28€50€50=
Current assets29/58€1.11M€1.36M▲
Amounts receivable within one year40/41€1.09M€1.29M▲
Trade receivables40€39k€23k▼
Other amounts receivable41€1.05M€1.27M▲
Cash at bank and in hand54/58€1k€11k▲
Deferred charges and accrued income490/1€15k€56k▲
Equity and liabilities
Total equity and liabilities10/49€5.51M€5.66M▲
Equity10/15€2.45M€2.52M▲
Contributions10/11€4.20M€3.25M▼
Capital10€4.20M€3.25M▼
Issued capital100€4.20M€3.25M▼
Profit (loss) carried forward14€-1.75M€-721k▲
Amounts payable17/49€3.06M€3.13M▲
Amounts payable after more than one year17€723k€628k▼
Financial debts170/4€593k€465k▼
Other amounts payable178/9€130k€163k▲
Amounts payable within one year42/48€1.25M€1.27M▲
Current portion of amounts payable after more than one year42€118k€127k▲
Financial debts43€538k€554k▲
Credit institutions430/8€538k€554k▲
Trade debts44€282k€428k▲
Suppliers440/4€282k€428k▲
Taxes, remuneration and social security45€214k€160k▼
Taxes450/3€19k€20k▲
Remuneration and social security454/9€195k€139k▼
Other amounts payable47/48€100k€0▼
Accrued charges and deferred income492/3€1.09M€1.24M▲
Income statement
Code20222023
Non-recurring operating income76A€34k€0▼
Remuneration, social security and pensions62€822k€711k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€101k€101k▼
Other operating charges640/8€15k€8k▼
Gross operating margin9900€-7k€143k▲
Operating profit (loss)9901€-945k€-676k▲
Financial income75/76B€1€1▲
Recurring financial income75€1€1▲
Financial charges65/66B€51k€45k▼
Recurring financial charges65€51k€45k▼
Profit (loss) for the period before taxes9903€-997k€-721k▲
Profit (loss) for the period9904€-997k€-721k▲
Profit (loss) for the period to be appropriated9905€-997k€-721k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.75M€-2.47M▼
Profit (loss) brought forward from the previous period14P€-754k€-1.75M▼
Transfer from equity791/2€0€1.75M▲
Social balance
Average headcount (FTE)908710.29.0▼
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-02
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · SYNGULON SA RUE DU BOIS ST-JEAN 15/1, 4102 OUGREE · event 24-02-2025
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-997k
Net result drops to €-997k, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €809k
Net result €809k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
05-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 5 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 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, Seraing · 1 establishment unit since 2013
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.
Rue du Bois St-Jean 15/14102 Seraing1 establishment unit
SYNGULON
since 20132.220.793.125
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCOIS MINON RUE DES AUGUSTINS 32,
4000 LIEGE 1 |
24-02-2025 → present |
Public money · subsidies and aid
European research
2 projectsProgrammes
Horizon 2020
Horizon Europe
Projects
Breaking the barrier - An integrated multidisciplinary approach to kill Gram-negative bacteria through existing antibiotics by making their outer membrane permeable
The Algal Microbiome: Friends and Foes
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Of 761 companies in sector 72101 we hold annual accounts for 481. 246 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
72101Research and development on biotechnology
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filings
Scores and ratios are computed by Checked and are not a credit decision.