sil & co
Open bankruptcyA bankruptcy procedure is open for sil & co according to publications in the Belgian State Gazette; curator: FRANCIS VOLCKAERT.
Summary
The 2020 annual accounts show equity of €100,312 and a net result of €11,256.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ostend division
- Declared bankrupt
- 29 September 2022
- Supervising judge
- Peter Simons
- Official Gazette
- 05-10-2022 (pdf) ↗search the document for 2022/135125
Deadlines
- Provisional date payments stopped
- 29 September 2022A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 20 October 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 29 October 2022art. XX.104 and XX.155 CEL
- First verification report
- passed on 28 November 2022Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 29 September 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Francis VolckaertElisabethlaan 25 Bus 1, 8400 Oostendeinfo@volckaert-advocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Repair and maintenance of machinery sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, abbreviated schema
Equity
€100,312▲ 12.6%
2019 · €89,056
Total assets
€252,020▲ 6.1%
2019 · €237,576
Net result
€11,256▼ 73.0%
2019 · €41,654
Working capital
€92,063▼ 14.7%
2019 · €107,975
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result-€6,666-€64,872€30,891▼ 52.4%
Net result-€13,535-€41,654€11,256within the sector's middle half▼ 73.0%
Equity€47,402-€89,056▲ 87.9%€100,312within the sector's middle half▲ 12.6%
Total assets€377,799-€237,576▼ 37.1%€252,020below the sector's middle half▲ 6.1%
Debt€330,397-€148,520▼ 55.0%€151,708▲ 2.1%
Working capital€155,668-€107,975▼ 30.6%€92,063within the sector's middle half▼ 14.7%
Solvency12.5%-37.5%▲ 24.9pp39.8%within the sector's middle half▲ 2.3pp
Current ratio1.86-2.12▲ 0.261.66within the sector's middle half▼ 0.46
Return on assets (ROA)-3.6%-17.5%▲ 21.1pp4.5%within the sector's middle half▼ 13.1pp
Staff (FTE)3.9-5.5▲ 41.0%9.1within the sector's middle half▲ 65.5%
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 52% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €252,020
Fixed assets
€20,777 ▼ 38.1%
Current assets
€231,243 ▲ 13.3%
Equity and liabilities €252,020
Equity
€100,312 ▲ 12.6%
Debt
€151,708 ▲ 2.1%
Debt's share of the balance-sheet total falls from 62.5% to 60.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44,172▼
2019 · €81,891
Cash flow
€24,536▼
2019 · €58,673
Quick ratio
1.43▼
2019 · 1.81
Debt to equity
0.12▼
2019 · 0.17
ROE
11.2%▼
2019 · 46.8%
Debt ≤ 1 year
€139,180▲
2019 · €96,043
Debt > 1 year
€12,529▼
2019 · €14,820
Income taxes
€11,255▼
2019 · €15,562
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,580 | €17,019 | €13,281 | ▼ 22.0% |
| Gross operating margin9900 | €133,528 | €262,471 | €316,925 | ▲ 20.7% |
| Operating profit (loss)9901 | -€6,666 | €64,872 | €30,891 | ▼ 52.4% |
| Recurring financial income75 | €3 | €747 | €13 | ▼ 98.3% |
| Recurring financial charges65 | €4,210 | €8,403 | €8,393 | ▼ 0.1% |
| Profit (loss) for the period before taxes9903 | -€13,535 | €57,217 | €22,511 | ▼ 60.7% |
| Income taxes67/77 | - | €15,562 | €11,255 | ▼ 27.7% |
| Profit (loss) for the period9904 | -€13,535 | €41,654 | €11,256 | ▼ 73.0% |
| Profit (loss) for the period to be appropriated9905 | -€13,535 | €41,654 | €11,256 | ▼ 73.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €377,799 | €237,576 | €252,020 | ▲ 6.1% |
| Fixed assets21/28 | €41,391 | €33,558 | €20,777 | ▼ 38.1% |
| Tangible fixed assets22/27 | €41,391 | €33,558 | €20,777 | ▼ 38.1% |
| Current assets29/58 | €336,408 | €204,018 | €231,243 | ▲ 13.3% |
| Stocks and contracts in progress3 | €190,332 | €30,100 | €32,410 | ▲ 7.7% |
| Amounts receivable within one year40/41 | €125,404 | €157,402 | €198,322 | ▲ 26.0% |
| Cash at bank and in hand54/58 | €20,672 | €6,444 | €511 | ▼ 92.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €377,799 | €237,576 | €252,020 | ▲ 6.1% |
| Equity10/15 | €47,402 | €89,056 | €100,312 | ▲ 12.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €42,337 | €70,456 | €81,712 | ▲ 16.0% |
| Profit (loss) carried forward14 | -€13,535 | €0 | -€13,535 | - |
| Amounts payable17/49 | €330,397 | €148,520 | €151,708 | ▲ 2.1% |
| Amounts payable after more than one year17 | €143,494 | €14,820 | €12,529 | ▼ 15.5% |
| Amounts payable within one year42/48 | €180,740 | €96,043 | €139,180 | ▲ 44.9% |
| Trade debts44 | €66,861 | €46,162 | €23,696 | ▼ 48.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,535 | €41,654 | €11,256 | ▼ 73.0% |
| + Depreciation and write-downs630 | €16,580 | €17,019 | €13,281 | ▼ 22.0% |
| Operating cash flow (approximation) | €3,045 | €58,673 | €24,536 | ▼ 58.2% |
| Investment in fixed assets (approximation) | - | -€9,186 | -€500 | ▲ 94.6% |
| Change in cash | - | -€14,227 | -€5,934 | ▲ 58.3% |
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
2022
05-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 29-09-2022
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 150 days late
2020
31-12
Financial
Equity above €100,000Eq €100,312 ▲12.6%
2 profitable years in a row build equity to €100,312.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
27-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 271 days late
2019
31-12
Financial
Back to profitnet €41,654
Net result €41,654 after one loss-making year.
2018
11-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 133 days late
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 316 days late
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 165 days late
2015
29-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
02-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 186 days late
2013
30-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Oudenburg · 1 establishment unit since 2011
Ground area
538 m²
Building footprint
118 m²
Volume, LiDAR
916 m³
Parcel 35014B0403/00W000, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
sil & co
since 20112.203.877.414
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35014B0403/00W000 | Flanders | 538 m² | 1 · 118 m² | 11.4 m · 3 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 | FRANCIS VOLCKAERT ELISABETHLAAN 25 BUS 1,
8400 OOSTENDE |
29-09-2022 → present |
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Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 1,127 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded07-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
43230Insulation installation
43350Other building finishing work
81220Other building cleaning and industrial cleaning
81230Other cleaning activities
81300Landscape service activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.