Summary
SYENSQO SPECIALTY POLYMERS BELGIUM has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €39.83M and a net result of €13.81M. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Axes, FY 2023 · tick = 2022
Profitability83▼-6
Solvency87▲+5
Growth53▲+2
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Sector 20
lower
← fewer bankruptcies
more bankruptcies →
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
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
74 d late
2023
35 d early
2022
7 d early
2021
46 d early
2020
40 d early
2019
35 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 2023, full schema
Turnover
€219.28M▲ 9.1%
2022 · €201.02M
2018: €187.32M
2019: €159.09M
2020: €169.57M
2021: €177.08M
2022: €201.02M
2018 → 2023
EBIT margin
8.2%▼ 2.0pp
2022 · 10.2%
2018: -0.4%
2019: 12.0%
2020: 13.2%
2021: 9.7%
2022: 10.2%
2018 → 2023
Net result
€13.81M▼ 0.9%
2022 · €13.94M
2018: €-3.65M
2019: €14.24M
2020: €16.76M
2021: €12.89M
2022: €13.94M
2018 → 2023
Working capital
€27.66M▲ 126%
2022 · €12.27M
2018: €176.22M
2019: €21.27M
2020: €6.16M
2021: €2.32M
2022: €12.27M
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€159.09M-€169.57M▲ 6.6%€177.08M▲ 4.4%€201.02M▲ 13.5%€219.28M▲ 9.1%
Equity€25.43M-€11.19M▼ 56.0%€12.08M▲ 8.0%€26.02M▲ 115%€39.83M▲ 53.1%
Operating result€19.02M-€22.44M▲ 18.0%€17.25M▼ 23.1%€20.52M▲ 18.9%€18.01M▼ 12.2%
Net result€14.24M-€16.76M▲ 17.8%€12.89M▼ 23.1%€13.94M▲ 8.1%€13.81M▼ 0.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 12% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €63.82M
Fixed assets
€14.66M ▼ 6.5%
Current assets
€49.15M ▲ 65.2%
Equity and liabilities €63.82M
Equity
€39.83M ▲ 53.1%
Provisions
€2.48M ▲ 28.1%
Debt
€21.51M ▲ 23.0%
Debt's share of the balance-sheet total falls from 38.5% to 33.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20.59M▼
2022 · €22.87M
Cash flow
€16.39M▲
2022 · €16.29M
Current ratio
2.29▲
2022 · 1.70
Quick ratio
1.40▲
2022 · 0.04
Debt to equity
0.54▼
2022 · 0.67
ROE
34.7%▼
2022 · 53.6%
ROA
21.6%▼
2022 · 30.7%
Interest coverage
3057.03▼
2022 · 3891.49
Debt ≤ 1 year
€21.49M▲
2022 · €17.48M
Income taxes
€5.40M▲
2022 · €4.19M
Staff costs
€17.60M▲
2022 · €17.11M
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 · 82 lines
Balance sheet
Code20222023
Assets
Total assets20/58€45.44M€63.82M▲
Fixed assets21/28€15.69M€14.66M▼
Intangible fixed assets21€423k€474k▲
Tangible fixed assets22/27€15.27M€14.19M▼
Land and buildings22€125k€105k▼
Plant, machinery and equipment23€13.33M€11.28M▼
Furniture and vehicles24€40k€20k▼
Assets under construction and advance payments27€1.77M€2.79M▲
Current assets29/58€29.75M€49.15M▲
Amounts receivable after more than one year29-€1
Other amounts receivable291-€1
Stocks and contracts in progress3€29.06M€19.08M▼
Stocks30/36€29.06M€19.08M▼
Raw materials and consumables30/31€13.11M€7.75M▼
Finished goods33€3.97M€3.26M▼
Goods purchased for resale34€11.98M€8.06M▼
Amounts receivable within one year40/41€536k€4.06M▲
Trade receivables40€196k€3.99M▲
Other amounts receivable41€341k€66k▼
Current investments50/53-€25.99M
Other investments51/53-€25.99M
Cash at bank and in hand54/58€9-
Deferred charges and accrued income490/1€158k€32k▼
Equity and liabilities
Total equity and liabilities10/49€45.44M€63.82M▲
Equity10/15€26.02M€39.83M▲
Contributions10/11€10.17M€10.17M=
Capital10€10.17M€10.17M=
Issued capital100€10.17M€10.17M=
Reserves13€1.02M€1.02M=
Non-distributable reserves130/1€1.02M€1.02M=
Legal reserve130€1.02M€1.02M=
Profit (loss) carried forward14€14.83M€28.64M▲
Provisions and deferred taxes16€1.93M€2.48M▲
Provisions for liabilities and charges160/5€1.93M€2.48M▲
Pensions and similar obligations160€1.93M€2.48M▲
Amounts payable17/49€17.48M€21.51M▲
Amounts payable within one year42/48€17.48M€21.49M▲
Financial debts43€3.26M€7k▼
Credit institutions430/8-€7k
Other loans439€3.26M-
Trade debts44€7.28M€12.03M▲
Suppliers440/4€7.28M€12.03M▲
Taxes, remuneration and social security45€6.93M€9.12M▲
Taxes450/3€1.68M€4.57M▲
Remuneration and social security454/9€5.25M€4.55M▼
Other amounts payable47/48€11k€325k▲
Accrued charges and deferred income492/3-€21k
Income statement
Code20222023
Operating income70/76A€191.50M€220.16M▲
Turnover70€201.02M€219.28M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-12.07M€-6.21M▲
Own construction capitalised72€498k€142k▼
Other operating income74€2.06M€6.93M▲
Non-recurring operating income76A€675€20k▲
Operating charges60/66A€170.99M€202.15M▲
Goods for resale, raw materials and consumables60€120.36M€147.43M▲
Purchases600/8€140.06M€143.81M▲
Change in stocks: decrease (increase)609€-19.70M€3.62M▲
Services and other goods61€33.56M€31.29M▼
Remuneration, social security and pensions62€17.11M€17.60M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.36M€2.58M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-763k€152k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-2.84M€836k▲
Other operating charges640/8€1.05M€1.44M▲
Non-recurring operating charges66A€158k€836k▲
Operating profit (loss)9901€20.52M€18.01M▼
Financial income75/76B€298k€1.87M▲
Recurring financial income75€298k€1.87M▲
Income from current assets751€29k€369k▲
Other financial income752/9€269k€1.50M▲
Financial charges65/66B€2.68M€672k▼
Recurring financial charges65€2.68M€672k▼
Debt charges650€6k€7k▲
Other financial charges652/9€2.68M€665k▼
Profit (loss) for the period before taxes9903€18.13M€19.21M▲
Income taxes67/77€4.19M€5.40M▲
Taxes670/3€4.64M€5.40M▲
Tax adjustments and reversals of tax provisions77€445k-
Profit (loss) for the period9904€13.94M€13.81M▼
Profit (loss) for the period to be appropriated9905€13.94M€13.81M▼
Appropriation of the result
Profit (loss) to be appropriated9906€14.83M€28.64M▲
Profit (loss) brought forward from the previous period14P€893k€14.83M▲
Social balance
Average headcount (FTE)9087123.7128.2▲
The notes to these accounts (62 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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 74 days late
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €25MEq €26.02M ▲115%
4 profitable years in a row build equity to €26.02M.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €16.76M ▲17.8%
Operating result €22.44M, net result €16.76M, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €14.24M
Net result €14.24M after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
54 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 · 3 establishment units 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.
Raketstraat 981130 BrusselGround area
12.0 ha
Building footprint
3.9 ha
Volume, LiDAR
206,230 m³
3 parcels, Brussels, Flanders · tallest building 25.8 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
SYENSQO SPECIALTY POLYMERS BELGIUM - Oudenaarde
since 20062.187.991.287
SYENSQO SPECIALTY POLYMERS BELGIUM - Kallo
since 20152.239.389.906
SYENSQO SPECIALTY POLYMERS BELGIUM
since 20232.345.704.577
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46010D0409/00F002 | Flanders | 9.5 ha | 1 · 1.9 ha | - |
| 45508A0120/00A012 | Flanders | 1.6 ha | 1 · 1.6 ha | 25.8 m · 3 fl. |
| 21821C0238/00C000 | Brussels | 9,849 m² | 1 · 3,799 m² | 19.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
Brussels
controls
SYENSQO SPECIALTY POLYMERS BELGIUMBE 0880.405.949
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,151 EUR awarded · 2,151 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,151 EUR | 2,151 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
European research
1 project · 95,000 EUR EU contributionProgrammes
Horizon 2020
Projects
CAbin LIning auTOmation
Recognitions · licences · registrations
Legal Entity Identifier
5493004A4T8J8ENRT006
Similar companies · same sector, comparable size
DOW BELGIUM
BE 0403.060.140
Antwerpen · Eq €39.36M
TotalEnergies Polymers Antwerp
BE 0433.182.895
Antwerpen · Eq €40.35M
Carpenter Engineered Foams Belgium
BE 0780.876.031
Machelen (Brab.) · Eq €39.27M
Domo Engineered Materials
BE 0875.100.841
Gent · Eq €42.84M
OXYPLAST BELGIUM
BE 0441.604.871
Gent · Eq €36.96M
Of 139 companies in sector 20160 we hold annual accounts for 95. 42 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
Founded31-03-2006
Fiscal year end31-12
Activities, NACEBEL 2025
20160Manufacture of chemicals and chemical products
22210Manufacture of rubber and plastic products
19200Manufacture of coke and refined petroleum products
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.