SYRUS BELGIUM
ActiveSummary
SYRUS BELGIUM has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.61M and a net result of €580k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 53% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▲+3
Solvency73▲+2
Growth62▲+18
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €430k at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.84 in 2024; short-term debt: 51.2% and cash: 5.1% of total assets), but 52.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.7%
Return on assets
4.2%
Age of the figures
9 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
114 d early
2023
68 d early
2022
98 d early
2021
871 d late
2020
113 d early
2019
98 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
€36.18M▲ 8.3%
2024 · €33.40M
2018: €37.92M
2019: €43.57M
2020: €36.71M
2021: €56.47M
2022: €44.01M
2023: €38.60M
2024: €33.40M
2018 → 2025
EBIT margin
2.2%▲ 1.2pp
2024 · 1.0%
2018: 1.6%
2019: 2.8%
2020: 5.5%
2021: 3.8%
2022: 1.9%
2023: 2.6%
2024: 1.0%
2018 → 2025
Net result
€580k▲ 122%
2024 · €261k
2018: €516k
2019: €803k
2020: €1.49M
2021: €1.50M
2022: €614k
2023: €722k
2024: €261k
2018 → 2025
Working capital
€6.71M▲ 10.3%
2024 · €6.08M
2018: €2.10M
2019: €2.88M
2020: €4.35M
2021: €5.61M
2022: €6.30M
2023: €6.88M
2024: €6.08M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€56.47M-€44.01M▼ 22.1%€38.60M▼ 12.3%€33.40M▼ 13.5%€36.18M▲ 8.3%
Equity€5.60M-€6.12M▲ 9.4%€6.74M▲ 10.1%€6.13M▼ 9.1%€6.61M▲ 7.9%
Operating result€2.14M-€832k▼ 61.0%€1.01M▲ 22.0%€335k▼ 67.0%€783k▲ 134%
Net result€1.50M-€614k▼ 59.1%€722k▲ 17.6%€261k▼ 63.8%€580k▲ 122%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 134% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.86M
Fixed assets
€61k ▼ 15.6%
Current assets
€13.80M ▲ 3.7%
Equity and liabilities €13.86M
Equity
€6.61M ▲ 7.9%
Debt
€7.25M =
Debt's share of the balance-sheet total falls from 54.2% to 52.3%. Equity is higher.
Key figures and ratios
EBITDA
€803k▲
2024 · €350k
Cash flow
€599k▲
2024 · €277k
Current ratio
1.95▲
2024 · 1.84
Quick ratio
1.94▲
2024 · 1.82
Debt to equity
1.10▼
2024 · 1.18
ROE
8.8%▲
2024 · 4.3%
ROA
4.2%▲
2024 · 2.0%
Interest coverage
71.16▲
2024 · 22.79
Debt ≤ 1 year
€7.09M▼
2024 · €7.23M
Income taxes
€205k▲
2024 · €102k
Staff costs
€423k▲
2024 · €412k
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 · 80 lines
Balance sheet
Code20242025
Assets
Total assets20/58€13.38M€13.86M▲
Fixed assets21/28€72k€61k▼
Tangible fixed assets22/27€72k€61k▼
Plant, machinery and equipment23€16k€10k▼
Furniture and vehicles24€56k€51k▼
Financial fixed assets28€40€40=
Other financial fixed assets284/8€40€40=
Amounts receivable and cash guarantees285/8€40€40=
Current assets29/58€13.31M€13.80M▲
Stocks and contracts in progress3€171k€30k▼
Stocks30/36€171k€30k▼
Goods purchased for resale34€0-
Advance payments36€171k€30k▼
Amounts receivable within one year40/41€11.23M€9.70M▼
Trade receivables40€11.16M€9.62M▼
Other amounts receivable41€65k€83k▲
Current investments50/53-€3.35M
Other investments51/53-€3.35M
Cash at bank and in hand54/58€1.90M€709k▼
Deferred charges and accrued income490/1€13k€13k▲
Equity and liabilities
Total equity and liabilities10/49€13.38M€13.86M▲
Equity10/15€6.13M€6.61M▲
Contributions10/11€500k€5.57M▲
Capital10€500k€5.57M▲
Issued capital100€500k€5.57M▲
Reserves13€5.63M€1.04M▼
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Tax-exempt reserves132€379k€526k▲
Distributable reserves133€5.20M€467k▼
Amounts payable17/49€7.25M€7.25M=
Amounts payable within one year42/48€7.23M€7.09M▼
Financial debts43-€939k
Credit institutions430/8-€939k
Trade debts44€7.03M€5.41M▼
Suppliers440/4€7.03M€5.41M▼
Advances received on contracts in progress46-€508k
Taxes, remuneration and social security45€65k€68k▲
Taxes450/3€17k€18k▲
Remuneration and social security454/9€48k€50k▲
Other amounts payable47/48€131k€168k▲
Accrued charges and deferred income492/3€22k€154k▲
Income statement
Code20242025
Operating income70/76A€33.41M€36.18M▲
Turnover70€33.40M€36.18M▲
Other operating income74€411€724▲
Non-recurring operating income76A€8k€0▼
Operating charges60/66A€33.07M€35.40M▲
Goods for resale, raw materials and consumables60€31.52M€33.80M▲
Purchases600/8€31.10M€33.66M▲
Change in stocks: decrease (increase)609€421k€141k▼
Services and other goods61€1.01M€1.16M▲
Remuneration, social security and pensions62€412k€423k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€20k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€108k€-43k▼
Other operating charges640/8€6k€6k▼
Non-recurring operating charges66A€0€26k▲
Operating profit (loss)9901€335k€783k▲
Financial income75/76B€50k€22k▼
Recurring financial income75€50k€22k▼
Income from current assets751€50k€16k▼
Other financial income752/9€91€5k▲
Financial charges65/66B€21k€20k▼
Recurring financial charges65€21k€20k▼
Debt charges650€15k€11k▼
Other financial charges652/9€6k€9k▲
Profit (loss) for the period before taxes9903€364k€785k▲
Income taxes67/77€102k€205k▲
Taxes670/3€102k€205k▲
Profit (loss) for the period9904€261k€580k▲
Transfer to tax-exempt reserves689€0€147k▲
Profit (loss) for the period to be appropriated9905€261k€432k▲
Appropriation of the result
Profit (loss) to be appropriated9906€261k€432k▲
Transfer from equity791/2€741k€0▼
From reserves792€741k€0▼
Transfer to equity691/2€131k€337k▲
To other reserves6921€131k€337k▲
Profit to be distributed694/7€872k€96k▼
Return on contributions (dividend)694€779k€0▼
Employees696€93k€96k▲
Social balance
Average headcount (FTE)90873.23.2=
The notes to these accounts (56 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
04-08
State Gazette act
Resignation: Guilherme ESTEVES MARQUES (director)Appointment: Felipe Correia Da Costa (director) · Mandate compensation4 facts ▸
State Gazette act
Resignation: Guilherme ESTEVES MARQUES (director)
Appointment: Felipe Correia Da Costa (director) · Mandate compensation4 facts ▸
- General meeting, 24/06/2026
- Director resignation, Guilherme ESTEVES MARQUES (director)
- Director appointment, Felipe Correia Da Costa (director)
- Mandate compensation, Felipe Correia Da Costa
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €261k ▼63.8%
Net result drops to €261k, the lowest in the series; recovery starts the following year.
18-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 871 days late
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
31-12
Financial
Highest result since 2018net €1.50M ▲0.4%
Operating result €2.14M, net result €1.50M, both a record.
31-12
Financial
Equity above €5MEq €5.60M ▲34%
4 profitable years in a row build equity to €5.60M.
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-04
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
1 director, no change since 2026
Felipe Correia Da Costa
CurrentDirector · since 04-05-2026
04-05-2026
Felipe Correia Da Costa: Appointed as Director
04-05-2026
Guilherme ESTEVES MARQUES: Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2006
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.
Tavernierkaai 22000 AntwerpenGround area
592 m²
Building footprint
559 m²
Volume, LiDAR
16,584 m³
Parcel 11002A0058/00B000, Flanders · tallest building 41.9 m, ±12 floors. Linked by address, not a title deed.
1 establishment unit
SYRUS BELGIUM
since 20062.156.007.716
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A0058/00B000 | Flanders | 592 m² | 1 · 559 m² | 41.9 m · 12 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.
Recognitions · licences · registrations
Legal Entity Identifier
529900QHBLN2TERT9460
Similar companies · same sector, comparable size
Adfil
BE 0726.870.587
Zele · Eq €6.66M
Willems
BE 0404.219.586
Vorselaar · Eq €6.34M
Nefab Packaging Belgium
BE 0866.855.643
Gent · Eq €6.33M
AVERY DENNISON BENELUX
BE 0455.645.820
Turnhout · Eq €6.98M
Manuchar Pulp & Paper
BE 0799.443.316
Antwerpen · Eq €6.20M
Of 432 companies in sector 46869 we hold annual accounts for 244. 120 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
Founded30-08-2006
Fiscal year end31-12
Activities, NACEBEL 2025
46120Wholesale trade
46869Wholesale trade
46810Wholesale of solid, liquid and gaseous fuels and related products
46851Wholesale of industrial chemicals
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.