SILAR
ActiveSummary
The computed 12-month bankruptcy probability of SILAR is 1.9% (moderate). The 2024 annual accounts show equity of €45k and a net result of €6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 1306 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability60▼-4
Solvency38▲+5
Growth84▼-1
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.91 against 0.87 in 2023; short-term debt: 72% and cash: 24.3% of total assets), and 87.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
12.8%
Return on assets
1.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1306 sector peers (2024).
NBB · sector comparisonPosition among 1306 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-03-2026, 229 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
229 d late
2023
132 d late
2022
144 d late
2021
107 d late
2020
93 d late
2019
49 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€1.18M▲ 14.5%
2023 · €1.03M
EBIT margin
1.3%▼ 1.7pp
2023 · 3.0%
Net result
€6k▼ 31.7%
2023 · €9k
Working capital
€-22k▲ 51.9%
2023 · €-47k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€790k▲ 40.7%€915k▲ 15.8%€778k▼ 14.9%€1.03M▲ 31.9%€1.18M▲ 14.5%
Operating result€53k▲ 95.7%€54k▲ 1.0%€23k▼ 57.7%€31k▲ 35.7%€15k▼ 51.8%
Net result€51k▲ 374%€34k▼ 34.4%€14k▼ 57.8%€9k▼ 39.1%€6k▼ 31.7%
EBIT margin6.7%▲ 1.9pp5.9%▼ 0.9pp2.9%▼ 2.9pp3.0%▲ 0.1pp1.3%▼ 1.7pp
Equity€96k▲ 126%€129k▲ 35.1%€144k▲ 11.0%€39k▼ 73.1%€45k▲ 15.3%
Total assets€436k▲ 32.9%€463k▲ 6.0%€424k▼ 8.3%€457k▲ 7.7%€349k▼ 23.7%
Debt€341k▲ 19.1%€333k▼ 2.1%€281k▼ 15.8%€419k▲ 49.1%€305k▼ 27.3%
Working capital€7k€2k▼ 67.6%€81k▲ 3,463%€-47k€-22k▲ 51.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 52% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €349k
Fixed assets
€120k ▼ 22.8%
Current assets
€229k ▼ 24.2%
Equity and liabilities €349k
Equity
€45k ▲ 15.3%
Debt
€305k ▼ 27.3%
Debt's share of the balance-sheet total falls from 91.6% to 87.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54k▼
2023 · €80k
Cash flow
€45k▼
2023 · €57k
Current ratio
0.91▲
2023 · 0.87
Debt to equity
6.84▼
2023 · 10.85
ROE
13.3%▼
2023 · 22.4%
ROA
1.7%▼
2023 · 1.9%
Interest coverage
17.87▲
2023 · 16.25
Debt ≤ 1 year
€251k▼
2023 · €348k
Debt > 1 year
€53k▼
2023 · €70k
Income taxes
€2k▼
2023 · €12k
Staff costs
€745k▲
2023 · €576k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €790k | €915k | €778k | €1.03M | €1.18M | ▲ 14.5% |
| Goods, raw materials, services and sundry goods60/61 | - | €372k | €364k | €356k | €370k | ▲ 3.9% |
| Remuneration, social security and pensions62 | - | €408k | €319k | €576k | €745k | ▲ 29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €98k | €80k | €72k | €49k | €39k | ▼ 19.2% |
| Other operating charges640/8 | - | €2k | €744 | €15k | €6k | ▼ 57.5% |
| Gross operating margin9900 | €376k | €543k | €415k | €671k | €806k | ▲ 20.1% |
| Operating profit (loss)9901 | €53k | €54k | €23k | €31k | €15k | ▼ 51.8% |
| Financial income75/76B | - | €51 | €3 | €127 | €503 | ▲ 296% |
| Recurring financial income75 | €4 | €51 | €3 | €127 | €503 | ▲ 296% |
| Non-recurring financial income76B | - | €51 | €3 | - | - | - |
| Financial charges65/66B | - | €15k | €8k | €11k | €8k | ▼ 25.9% |
| Recurring financial charges65 | €5k | €7k | €3k | €5k | €3k | ▼ 38.0% |
| Non-recurring financial charges66B | - | €8k | €6k | €6k | €5k | ▼ 15.5% |
| Profit (loss) for the period before taxes9903 | €51k | €39k | €14k | €20k | €7k | ▼ 63.2% |
| Income taxes67/77 | - | €5k | - | €12k | €2k | ▼ 86.6% |
| Profit (loss) for the period9904 | €51k | €34k | €14k | €9k | €6k | ▼ 31.7% |
| Profit (loss) for the period to be appropriated9905 | €51k | €34k | €14k | €9k | €6k | ▼ 31.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €436k | €463k | €424k | €457k | €349k | ▼ 23.7% |
| Fixed assets21/28 | €248k | €224k | €155k | €156k | €120k | ▼ 22.8% |
| Tangible fixed assets22/27 | €183k | €160k | €91k | €91k | €56k | ▼ 38.9% |
| Plant, machinery and equipment23 | - | - | - | - | €4k | - |
| Furniture and vehicles24 | - | €144k | €91k | €91k | €52k | ▼ 42.9% |
| Leasing and similar rights25 | - | €16k | - | - | - | - |
| Financial fixed assets28 | €64k | €64k | €64k | €64k | €64k | = |
| Current assets29/58 | €189k | €238k | €269k | €302k | €229k | ▼ 24.2% |
| Amounts receivable within one year40/41 | €68k | €131k | €232k | €187k | €144k | ▼ 22.8% |
| Trade receivables40 | - | €24k | €131k | €159k | €136k | ▼ 14.7% |
| Other amounts receivable41 | - | €107k | €100k | €27k | €8k | ▼ 69.6% |
| Cash at bank and in hand54/58 | €121k | €107k | €38k | €42k | €85k | ▲ 99.5% |
| Deferred charges and accrued income490/1 | - | - | - | €72k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €436k | €463k | €424k | €457k | €349k | ▼ 23.7% |
| Equity10/15 | €96k | €129k | €144k | €39k | €45k | ▲ 15.3% |
| Contributions10/11 | - | €16k | €16k | €16k | €16k | = |
| Outside capital11 | - | €16k | €16k | €16k | €16k | = |
| Share premium1100/10 | - | €16k | €16k | €16k | €16k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €78k | €112k | €126k | €21k | €27k | ▲ 27.9% |
| Amounts payable17/49 | €341k | €333k | €281k | €419k | €305k | ▼ 27.3% |
| Amounts payable after more than one year17 | €159k | €97k | €92k | €70k | €53k | ▼ 24.3% |
| Financial debts170/4 | - | €53k | €48k | €26k | €9k | ▼ 65.1% |
| Other amounts payable178/9 | - | €44k | €44k | €44k | €44k | = |
| Amounts payable within one year42/48 | €182k | €236k | €188k | €348k | €251k | ▼ 27.9% |
| Current portion of amounts payable after more than one year42 | - | €61k | €47k | €28k | €17k | ▼ 40.1% |
| Trade debts44 | €92k | €77k | €11k | €89k | €6k | ▼ 93.8% |
| Suppliers440/4 | - | €77k | €11k | €89k | €6k | ▼ 93.8% |
| Taxes, remuneration and social security45 | - | €98k | €127k | €231k | €220k | ▼ 5.0% |
| Taxes450/3 | - | €51k | €110k | €131k | €188k | ▲ 43.2% |
| Remuneration and social security454/9 | - | €47k | €17k | €100k | €31k | ▼ 68.6% |
| Other amounts payable47/48 | - | - | €3k | - | €9k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51k | €34k | €14k | €9k | €6k | ▼ 31.7% |
| + Depreciation and write-downs630 | €98k | €80k | €72k | €49k | €39k | ▼ 19.2% |
| Operating cash flow (approximation) | €150k | €113k | €87k | €57k | €45k | ▼ 21.1% |
| Investment in fixed assets (approximation) | - | €-57k | €-3k | €-49k | €-4k | ▲ 91.9% |
| Change in cash | - | €-13k | €-70k | €5k | €42k | ▲ 775% |
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
2026
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 229 days late
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 132 days late
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 144 days late
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 107 days late
2021
31-12
Financial
Equity above €100kEq €129k ▲35.1%
4 profitable years in a row build equity to €129k.
01-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 93 days late
2020
31-12
Financial
Highest result since 2018net €51k ▲374%
Net result €51k, the highest in the series.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 49 days late
2019
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 77 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 13 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Etterbeek · 1 establishment unit since 2015
Ground area
75 m²
Building footprint
63 m²
Volume, LiDAR
859 m³
Parcel 21364B0183/00H003, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
165
companies at this address
See who is registered here
1 establishment unit
SILAR
since 20152.243.455.095
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21364B0183/00H003 | Brussels | 75 m² | 1 · 63 m² | 17.8 m · 5 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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 3,186 companies in sector 52250 we hold annual accounts for 1,954. 1,112 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)
Founded27-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52250Logistics services
49420Removal services
52249Warehousing and support activities for transportation
53100Postal and courier activities
53200Other postal and courier activities
96230Day spas, saunas and steam baths
Scores and ratios are computed by Checked and are not a credit decision.