Active BE 0840.109.179Private limited company (pre-2019)Open bankruptcy

sil & co

Ettelgemsestraat 9 ·8460 Oudenburg, Belgium· 14 yrs active

Sector: NACE 33120 (33120)

Conclusion Checked

A bankruptcy procedure is open for sil & co according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €100k and a net result of €11k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€100k
Net result	€11k
Staff (FTE)	9.1
Active	14 yrs

Snowflake analysis 5 axes · computed by Checked

49 / 100

Mixed profile: strong on solvency, weaker on stability.

Health 25

Profitability 56

Solvency 86

Growth 78

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2020 · computed

25 / 100 Weak

050100

Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.

See plans →

Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview9 NBB filings

Annual accounts filed on 28-12-2021 with the NBB · fiscal year 2020 · verkort

Operating resultNet result

EBITDA

€44k

-46.1% 18–20

Net profit

€11k

-60.0% 18–20

Cash flow

€25k

-45.6% 18–20

Total assets

€252k

+6.1% 18–20

Equity

€100k

+12.6% 18–20

Working capital

€92k

-14.7% 18–20

Employees (FTE)

9

+65.5% 18–20

Income taxes

€11k

-27.7% 18–20

Debt

€152k

+2.1% 18–20

Debt ≤ 1y

€139k

+44.9% 18–20

Debt > 1y

€13k

-15.5% 18–20

Current ratio

1.66

-21.8% 18–20

Quick ratio

1.43

-21.1% 18–20

Solvency

39.8%

+6.2% 18–20

Debt / equity

0.12

-24.9% 18–20

ROE

11.2%

-64.5% 18–20

ROA

4.5%

-62.3% 18–20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Revenue	—
EBITDA	€44k
Net profit	€11k
Cash flow	€25k
Staff costs	—
Income taxes	€11k
Dividends	—
Total assets	€252k
Equity	€100k
Debt	€152k
of which ≤ 1y	€139k
of which > 1y	€13k
Working capital	€92k
Employees (FTE)	9.1

Ratios (computed)

	2020
Current ratio	1.66
Quick ratio	1.43
Working capital ratio	36.5%
Solvency	39.8%
Debt / equity	0.12
Long-term debt ratio	0.12
Interest coverage	—
Gross margin	—
Net margin	—
ROA	4.5%
ROE	11.2%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2020

Assets

Fixed assets €21k · 8.2% Current assets €231k · 91.8%

Equity & liabilities

Equity €100k · 39.8% Debt €152k · 60.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2020
Balance sheet — Assets
TOTAL ASSETS	20/58	€252k
Fixed assets	21/28	€21k
Tangible fixed assets	22/27	€21k
Current assets	29/58	€231k
Stocks & contracts in progress	3	€32k
Amounts receivable within one year	40/41	€198k
Cash & bank	54/58	€511
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€252k
Equity	10/15	€100k
Contributions / capital	10/11	€19k
Reserves	13	€82k
Accumulated profits (losses)	14	€-14k
Amounts payable	17/49	€152k
Amounts payable after one year	17	€13k
Amounts payable within one year	42/48	€139k
Trade debts payable within one year	44	€24k
Income statement
Gross operating margin	9900	€317k
Operating result	9901	€31k
Financial income	75	€13
Financial charges	65	€8k
Result before taxes	9903	€23k
Income taxes	67/77	€11k
Net result for the period	9904	€11k
Result to be appropriated	9905	€11k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	FRANCIS VOLCKAERT ELISABETHLAAN 25 BUS 1, 8400 OOSTENDE ↔ Also on 46 other cases	29-09-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	33120
Legal form	Private limited company (pre-2019)(015)
Incorporation	07-10-2011
Status	Active
Postal code	8460
First BS signal	05-10-2022
Latest BS signal	05-10-2022

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

sil & co

Ettelgemsestraat 9, 8460 OudenburgOnderhouds- en herstellingswerken van mechanische aard voor rekening van derden

since 20112.203.877.414

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35014B0403/00W000	Flanders	538 m²	1 · 118 m²	11.4 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022

05-10-2022

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Oostende · SIL & CO BV ETTELGEMSE- STRAAT 9, 8460 OUDENBURG · event 29-09-2022

2021

28-12-2021