Active BE 0476.461.624Public limited company

SILCO

Rue Station(EMT) 10 ·7120 Estinnes, Belgium· 24 yrs active

Sector: Computer programming (62100)

Conclusion Checked

SILCO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €2k. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 93 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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

Key figures

Equity	€46k
Net result	€2k
Better than sector	30%
Active	24 yrs

Financial profile 5 of 5 axes measured · computed by Checked

47 / 100

Mixed profile: strong on stability, weaker on solvency.

All 5 axes are computed from data Checked has read.

Health 44

Profitability 26

Solvency 5

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.1% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2001, 24 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

44 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€2k

estimate, not credit advice

Score history

23 2023

20 2024

44 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.09 (< 1.0) -10

Quick ratio Quick ratio 0.09 (< 0.6) -5

Leverage Debt/equity 12.50 (> 3.0) -10

Profitability ROE 5% +3

Interest coverage Interest coverage 42.4× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview23 NBB filings

Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · full schema

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~5.2%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	7.4%	48.3%	better than 30% of 93 sector peers
Net result	€2k	€42k	better than 27% of 93 sector peers
Equity	€46k	€93k	better than 40% of 93 sector peers
Gross operating margin	€49k	€74k	better than 31% of 77 sector peers
Staff costs	€0	€266k	higher than 5% of 45 sector peers

Revenue

€0

- 23-25

EBITDA

€40k

+13.2% 23-25

Net profit

€2k

- 23-25

Cash flow

€39k

+15.8% 23-25

Total assets

€614k

-4.0% 23-25

Equity

€46k

+5.6% 23-25

Working capital

€-515k

+2.3% 23-25

Staff costs

€0

- 23-25

Income taxes

€-20

- 23-25

Debt

€569k

-4.7% 23-25

Debt ≤ 1y

€569k

-0.4% 23-25

Debt > 1y

€0

-100.0% 23-25

Current ratio

0.09

+23.4% 23-25

Quick ratio

0.09

+23.4% 23-25

Solvency

7.4%

+10.0% 23-25

Debt / equity

12.50

-9.7% 23-25

ROE

5.3%

- 23-25

ROA

0.4%

- 23-25

Interest coverage

42.37

+77.7% 23-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023
Deposit	full schema	full schema	full schema
Revenue	€0	€0	-
EBITDA	€40k	€36k	€46k
Net profit	€2k	€-7k	€-2k
Cash flow	€39k	€34k	€43k
Staff costs	€0	-	-
Income taxes	€-20	€20	€1
Dividends	-	-	-
Total assets	€614k	€640k	€682k
Equity	€46k	€43k	€50k
Debt	€569k	€597k	€631k
of which ≤ 1y	€569k	€571k	€575k
of which > 1y	€0	€26k	€51k
Working capital	€-515k	€-527k	€-531k
Employees (FTE)	-	-	-

Ratios (computed)

	2025	2024	2023
Current ratio	0.09	0.08	0.08
Quick ratio	0.09	0.08	0.08
Working capital ratio	-83.9%	-82.4%	-78.0%
Solvency	7.4%	6.7%	7.4%
Debt / equity	12.50	13.85	12.57
Long-term debt ratio	0.00	0.60	1.02
Interest coverage	42.37	23.85	15.78
Gross margin	-	-	-
Net margin	-	-	-
ROA	0.4%	-1.1%	-0.3%
ROE	5.3%	-16.5%	-3.9%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €561k · 91.3% Current assets €54k · 8.7%

Equity & liabilities

Equity €46k · 7.4% Debt €569k · 92.6%

Full annual accounts (27 line items)

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

Line item	Code	2025	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€614k	€640k	€682k
Fixed assets	21/28	€561k	€596k	€638k
Formation expenses	20	€0	€0	€0
Tangible fixed assets	22/27	€560k	€596k	€637k
Financial fixed assets	28	€650	€650	€650
Current assets	29/58	€54k	€44k	€44k
Amounts receivable within one year	40/41	€26k	€27k	€27k
Investments	50/53	€20k	€11k	€4k
Cash & bank	54/58	€7k	€4k	€11k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€614k	€640k	€682k
Equity	10/15	€46k	€43k	€50k
Contributions / capital	10/11	€62k	€62k	€62k
Reserves	13	€4k	€4k	€4k
Accumulated profits (losses)	14	€-19k	€-22k	€-15k
Amounts payable	17/49	€569k	€597k	€631k
Amounts payable after one year	17	€0	€26k	€51k
Amounts payable within one year	42/48	€569k	€571k	€575k
Trade debts payable within one year	44	€889	€2k	€3k
Income statement
Turnover	70	€0	€0	-
Gross operating margin	9900	€49k	€44k	€54k
Operating result	9901	€3k	€-6k	€980
Financial income	75	€160	€68	€5
Financial charges	65	€950	€1k	€3k
Result before taxes	9903	€2k	€-7k	€-2k
Income taxes	67/77	€-20	€20	€1
Net result for the period	9904	€2k	€-7k	€-2k
Result to be appropriated	9905	€2k	€-7k	€-2k

Directors & mandates 2 directors

Current directors & mandates

LARCIN France Paule Henriette Ghislaine
Director
State Gazette act 23472784 (22-12-2023)

Current
22-12-2023 → present
LUYCX Michel Georges
Director
State Gazette act 23472784 (22-12-2023)

Current
22-12-2023 → present

Legal Structure

NACE primary	Computer programming(62100)
Legal form	Public limited company(014)
Incorporation	27-12-2001
Status	Active
Postal code	7120

Establishment units 1 location

Rue Station(EMT) 10, 7120 Estinnes

Manufacture of basic metals

since 20022.098.849.673

Updates 12 events

All 14Financial 2Gazette 2Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

30-01

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

30-06

Financial Back to profitnet €2k

Net result €2k after 2 loss-making years.

25-02

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 25 days late

2024

30-06

Financial Weakest financial yearnet €-7k

Net result drops to €-7k, the lowest in the series; recovery starts the following year.

23-02

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 23 days late

2023

22-12

State Gazette act Director changes

Jean-Charles DASSELEER

26-04

State Gazette act Director changes

23-02

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 23 days late

2022

16-02

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 16 days late

2021

29-01

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

17-02

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 17 days late

2019

26-02

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 26 days late

2018

14-02

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 14 days late

2017

31-01

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.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 2 years ago

2023

22-12-2023 4 directors appointed Director changes·Jean-Charles DASSELEER

LUYCX Michel Georges, Bestuurder
LARCIN France Paule Henriette Ghislaine, Bestuurder
LUYCX Michel Georges, Gedelegeerd bestuurder
LUYCX Michel Georges, Voorzitter

Notary: Jean-Charles DASSELEER · BoussuFirm: Jean-Charles DASSELEER, Notaire

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "board_snapshot",
      "role": "bestuurder",
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": "statutair",
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "LUYCX Michel Georges",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "6"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "LARCIN France Paule Henriette Ghislaine",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "6"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "delegation_dagelijks_bestuur_in",
      "role": "administrateur_d\u00E9l\u00E9gu\u00E9",
      "person": {
        "rrn": null,
        "name": "LUYCX Michel Georges",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "additional",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "delegation_dagelijks_bestuur_in",
      "role": "voorzitter",
      "person": {
        "rrn": null,
        "name": "LUYCX Michel Georges",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "additional",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "correction",
      "role": null,
      "person": null,
      "reason": null,
      "subkind": "rectification",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": "Jean-Charles DASSELEER",
    "firm_city": null,
    "firm_name": "Jean-Charles DASSELEER, Notaire",
    "office_city": "Boussu",
    "is_associated": true
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2023-12-22",
    "filing_date": "2023-12-20",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-12-19",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-19",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-19",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-19",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-19",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0476.461.624",
    "name_full": "SILCO",
    "legal_form": "SA"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "JEAN-CHARLES DASSELEER",
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}

26-04-2023 1 director appointed, 2 reappointed Director changes

LUYCX Michel, Dagelijks bestuur
LUYCX Michel, Bestuurder
LARCIN France, Bestuurder

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "LUYCX Michel",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2021-05-18",
      "evidence_quote": "De renouveler le mandat d\u0027administrateur de Monsieur LUYCX Michel et ce, pour une dur\u00E9e de 6 ans avec effet au 18/05/2021. Il est investi des m\u00EAmes pouvoirs que pr\u00E9c\u00E9demment.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "6"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "LARCIN France",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2021-05-18",
      "evidence_quote": "De renouveler le mandat d\u0027administrateur de Madame LARCIN France et ce, pour une dur\u00E9e de 6 ans avec effet au 18/05/2021. Elle est investie des m\u00EAmes pouvoirs que pr\u00E9c\u00E9demment.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "6"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "delegation_dagelijks_bestuur_in",
      "role": "dagelijks_bestuur",
      "person": {
        "rrn": null,
        "name": "LUYCX Michel",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2021-05-18",
      "evidence_quote": "Apr\u00E8s d\u00E9lib\u00E9ration de l\u0027Assembl\u00E9e G\u00E9n\u00E9rale, les adm\u00EDnistrateurs se sont r\u00E9unis en conseil et ont d\u00E9cid\u00E9 unanimement de renouveler le mandat Monsieur LUYCX Michel en qualit\u00E9 d\u0027administrateur d\u00E9l\u00E9gu\u00E9 et Pr\u00E9sident et ce, pour une dur\u00E9e de 6 ans avec effet au 18/05/2021. Ces derniers d\u00E9clarent accepter.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "6"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": null,
    "filing_date": null,
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-04-07",
      "unanimous": true
    },
    {
      "body": "raad_van_bestuur",
      "date": "2023-04-07",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0476.461.624",
    "name_full": "SILCO",
    "legal_form": "SA"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "LUYCX Michel",
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Computer programming, consultancy and related activities62010Computer programming6210072220Agents in non-specialised wholesale trade46190Real estate agency activities68310Real estate activities6831170311Engineering and related technical consultancy, excluding land surveyors7112174203

Names & trade names

Legal nameFR

SILCO

Similar companies Comparable size · 8,564 of 16,864 companies in this sector with filed accounts

AUTO-M8-IT BE 0722.547.951 · Zemst

Lixolea BE 0749.656.283 · Elsene

Timothée Simon BE 0787.258.928 · Soignies

MEDIASANTE BE 0778.497.947 · Ganshoren

I SEE MY WAY BE 0764.752.453 · Liège