Financials
- Fiscal year
- 2025
- Turnover
- €20.4m
- Profit
- €913,716
- Solvency
- 28.3%
Turnover▲ 144%
Net result
20232025
SILCO
ActiveSummary
SILCO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of €913,716. Equity is growing by ~57.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 5451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Wholesale trade
NACE 46370
1 site
Size
€20.4mturnover 2025
- Staff
- 1 FTE
- Equity
- €2.7m
- Profit
- €913,716
Turnover +144%: other schema
Structure
- Parent
- EFICO · 60%
Accounts filed 56 d late0 of 1 deed read
Why 84- Latest accounts 56 days late; 1 of the last 3 late- Founded in 2018+ Size: turnover €20.4m, 1 FTE, total assets €9.5m+ Figures for FY 2025 (filed 25-09-2026)Show the evidence
Checked score
Score 2025
84
/ 100
Excellent
Probability in this band: under 0.55%
Better than 51% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
53+6
equity 28.3% of total assets
Liquidity
24+9
short-term debt 70.2% · cash 9.5%
Profitability
67-12
return on assets 9.6%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 13 months
10-2025: 0.3%
11-2025: 0.4%▲ +1.4% vs 10-2025
12-2025: 0.4%● 0.0% vs 11-2025
01-2026: 0.4%● 0.0% vs 12-2025
02-2026: 0.3%▼ -3.7% vs 01-2026lowest value
03-2026: 0.3%▲ +1.8% vs 02-2026
04-2026: 0.4%▲ +13.4% vs 03-2026
05-2026: 0.4%▲ +2.3% vs 04-2026
06-2026: 0.5%▲ +15.1% vs 05-2026
07-2026: 0.5%▲ +18.6% vs 06-2026
08-2026: 0.9%▲ +70.2% vs 07-2026
09-2026: 1.1%▲ +14.4% vs 08-2026highest value
10-2026: 0.4%▼ -62.8% vs 09-2026
- Size: turnover €20.4m, 1 FTE, total assets €9.5m lowers the probability for this profile
- Latest accounts 56 days late; 1 of the last 3 late raises the probability
- Founded in 2018 raises the probability for this profile
- Figures for FY 2025 (filed 25-09-2026) lowers the probability
Credit up to €220,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.35 in 2024; short-term debt: 70.2% and cash: 9.5% of total assets), and 71.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 38%, liquidity 22%, profitability 49%, growth against the median 92%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
56 d late
2024
58 d early
2023
49 d early
2022
19 d early
2021
61 d late
2020
31 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 12 July (4 of the last 5 filed years within 75 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Highest result since 2019net €913,716 ▲24%
- Equity above €2mEq €2.7m ▲51.6%
Key points
By topic
Board & ownership
- Parent
- EFICO · 60%
Network & group
- Group
- NOORD NATIE
Timeline
- Events
- 13
- Since
- 2020
- Next accounts
- by 31-07-2027
- 25-09-2026Annual accounts filed
- 31-12-2025Highest result since 2019
- 31-12-2025Equity above €2m
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Wholesale tradeNACE 46370
- Founded
- 13-12-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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