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SilcoFlip

Active
Private limited companyfounded 20215 yrs activeHernerweg 61, 3730 Bilzen-Hoeselt, BelgiumKBO/BCE: BE 0768.252.272
Summary

The computed 12-month bankruptcy probability of SilcoFlip is 2.5% (moderate). The 2024 annual accounts show equity of €60,539 and a net result of €14,224. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 71% of 36386 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability88▲+9
Solvency91▲+15
Growth52=
Track record94
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 2.43 against 2.06 in 2023; short-term debt: 26.9% and cash: 25.8% of total assets), and 34.4% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2024
Solvency, return and age of the figures
Solvency
65.6%
Return on assets
15.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
44 d early
2023
44 d early
2022
10 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SilcoFlip was incorporated on 10 May 2021 as a Private limited company.1 Total assets rose from EUR 67,688 in 2022 to EUR 92,248 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€60,539▲ 30.7%
2023 · €46,315
Total assets
€92,248▲ 0.9%
2023 · €91,467
Net result
€14,224▲ 88.0%
2023 · €7,567
Working capital
€35,407▲ 9.1%
2023 · €32,439
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line202220232024
Operating result€39,668-€12,240▼ 69.1%€23,113▲ 88.8%
Net result€28,748above the sector's middle half-€7,567within the sector's middle half▼ 73.7%€14,224within the sector's middle half▲ 88.0%
Equity€38,748within the sector's middle half-€46,315within the sector's middle half▲ 19.5%€60,539within the sector's middle half▲ 30.7%
Total assets€67,688below the sector's middle half-€91,467within the sector's middle half▲ 35.1%€92,248within the sector's middle half▲ 0.9%
Debt€28,941-€45,152▲ 56.0%€31,708▼ 29.8%
Working capital€38,007within the sector's middle half-€32,439within the sector's middle half▼ 14.7%€35,407within the sector's middle half▲ 9.1%
Solvency57.2%within the sector's middle half-50.6%within the sector's middle half▼ 6.6pp65.6%within the sector's middle half▲ 15.0pp
Current ratio2.31within the sector's middle half-2.06within the sector's middle half▼ 0.252.43within the sector's middle half▲ 0.37
Return on assets (ROA)42.5%above the sector's middle half-8.3%within the sector's middle half▼ 34.2pp15.4%within the sector's middle half▲ 7.1pp
Staff (FTE)1
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000€40,000Operating result 2022: €39,668€39,668Net result 2022: €28,748€28,748Operating result 2023: €12,240€12,240Net result 2023: €7,567€7,567Operating result 2024: €23,113€23,113Net result 2024: €14,224€14,224202220232024€0€10,000€20,000€30,000€40,000Operating result 2022: €39,668€39,700Net result 2022: €28,748€28,700Operating result 2023: €12,240€12,200Net result 2023: €7,567€7,570Operating result 2024: €23,113€23,100Net result 2024: €14,224€14,200202220232024
The operating result recovers in 2024; 2024 is 89% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €92,248
Fixed assets €32,012 ▲ 12.7%
Current assets €60,235 ▼ 4.5%
Equity and liabilities €92,248
Equity €60,539 ▲ 30.7%
Debt €31,708 ▼ 29.8%
Debt's share of the balance-sheet total falls from 49.4% to 34.4%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€30,548▲
2023 · €14,329
Cash flow
€21,660▲
2023 · €9,657
Debt to equity
0.52▼
2023 · 0.97
ROE
23.5%▲
2023 · 16.3%
Interest coverage
7.47▼
2023 · 11.34
Debt ≤ 1 year
€24,829▼
2023 · €30,628
Debt > 1 year
€6,744▼
2023 · €14,420
Income taxes
€6,186▲
2023 · €3,468
Staff costs
€44,579▲
2023 · €7,925
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet Code20232024
Assets
Total assets20/58€91,467€92,248▲
Fixed assets21/28€28,401€32,012▲
Tangible fixed assets22/27€28,401€32,012▲
Plant, machinery and equipment23€2,907€3,122▲
Furniture and vehicles24€25,494€22,000▼
Other tangible fixed assets26-€6,890
Current assets29/58€63,066€60,235▼
Amounts receivable within one year40/41€34,528€26,746▼
Trade receivables40€23,718€22,761▼
Other amounts receivable41€10,810€3,985▼
Cash at bank and in hand54/58€16,947€23,830▲
Deferred charges and accrued income490/1€11,591€9,659▼
Equity and liabilities
Total equity and liabilities10/49€91,467€92,248▲
Equity10/15€46,315€60,539▲
Contributions10/11€10,000€10,000=
Reserves13€36,315€50,539▲
Distributable reserves133€36,315€50,539▲
Amounts payable17/49€45,152€31,708▼
Amounts payable after more than one year17€14,420€6,744▼
Financial debts170/4€14,420€6,744▼
Amounts payable within one year42/48€30,628€24,829▼
Current portion of amounts payable after more than one year42€7,244€7,677▲
Trade debts44€10,643€12,039▲
Suppliers440/4€10,643€12,039▲
Taxes, remuneration and social security45€8,875€3,653▼
Taxes450/3€1,475€3,653▲
Remuneration and social security454/9€7,400-
Other amounts payable47/48€3,866€1,460▼
Accrued charges and deferred income492/3€104€136▲
Income statement Code20232024
Remuneration, social security and pensions62€7,925€44,579▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,089€7,435▲
Other operating charges640/8€327€809▲
Gross operating margin9900€22,580€75,936▲
Operating profit (loss)9901€12,240€23,113▲
Financial income75/76B€59€1,384▲
Recurring financial income75€59€1,384▲
Financial charges65/66B€1,264€4,087▲
Recurring financial charges65€1,264€4,087▲
Profit (loss) for the period before taxes9903€11,035€20,410▲
Income taxes67/77€3,468€6,186▲
Profit (loss) for the period9904€7,567€14,224▲
Profit (loss) for the period to be appropriated9905€7,567€14,224▲
Appropriation of the result
Profit (loss) to be appropriated9906€7,567€14,224▲
Transfer to equity691/2€7,567€14,224▲
To other reserves6921€7,567€14,224▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Remuneration, social security and pensions62-€7,925€44,579▲ 463%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€267€2,089€7,435▲ 256%
Other operating charges640/8€549€327€809▲ 148%
Gross operating margin9900€40,484€22,580€75,936▲ 236%
Operating profit (loss)9901€39,668€12,240€23,113▲ 88.8%
Financial income75/76B€291€59€1,384▲ 2,235%
Recurring financial income75€291€59€1,384▲ 2,235%
Financial charges65/66B€204€1,264€4,087▲ 223%
Recurring financial charges65€204€1,264€4,087▲ 223%
Profit (loss) for the period before taxes9903€39,755€11,035€20,410▲ 85.0%
Income taxes67/77€11,007€3,468€6,186▲ 78.4%
Profit (loss) for the period9904€28,748€7,567€14,224▲ 88.0%
Profit (loss) for the period to be appropriated9905€28,748€7,567€14,224▲ 88.0%
Line202220232024Change
Assets
Total assets20/58€67,688€91,467€92,248▲ 0.9%
Fixed assets21/28€741€28,401€32,012▲ 12.7%
Tangible fixed assets22/27€741€28,401€32,012▲ 12.7%
Plant, machinery and equipment23-€2,907€3,122▲ 7.4%
Furniture and vehicles24€741€25,494€22,000▼ 13.7%
Other tangible fixed assets26--€6,890-
Current assets29/58€66,948€63,066€60,235▼ 4.5%
Amounts receivable within one year40/41€19,623€34,528€26,746▼ 22.5%
Trade receivables40€13,603€23,718€22,761▼ 4.0%
Other amounts receivable41€6,020€10,810€3,985▼ 63.1%
Cash at bank and in hand54/58€46,343€16,947€23,830▲ 40.6%
Deferred charges and accrued income490/1€982€11,591€9,659▼ 16.7%
Equity and liabilities
Total equity and liabilities10/49€67,688€91,467€92,248▲ 0.9%
Equity10/15€38,748€46,315€60,539▲ 30.7%
Contributions10/11€10,000€10,000€10,000=
Reserves13€28,748€36,315€50,539▲ 39.2%
Distributable reserves133€28,748€36,315€50,539▲ 39.2%
Amounts payable17/49€28,941€45,152€31,708▼ 29.8%
Amounts payable after more than one year17-€14,420€6,744▼ 53.2%
Financial debts170/4-€14,420€6,744▼ 53.2%
Amounts payable within one year42/48€28,941€30,628€24,829▼ 18.9%
Current portion of amounts payable after more than one year42-€7,244€7,677▲ 6.0%
Trade debts44€24,354€10,643€12,039▲ 13.1%
Suppliers440/4€24,354€10,643€12,039▲ 13.1%
Taxes, remuneration and social security45€2,648€8,875€3,653▼ 58.8%
Taxes450/3€1,007€1,475€3,653▲ 148%
Remuneration and social security454/9€1,641€7,400--
Other amounts payable47/48€1,938€3,866€1,460▼ 62.2%
Accrued charges and deferred income492/3-€104€136▲ 30.8%
Line202220232024Change
Profit (loss) for the period9904€28,748€7,567€14,224▲ 88.0%
+ Depreciation and write-downs630€267€2,089€7,435▲ 256%
Operating cash flow (approximation)€29,015€9,657€21,660▲ 124%
Investment in fixed assets (approximation)--€29,749-€11,047▲ 62.9%
Change in cash--€29,396€6,883▲ 123%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
17-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet €7,567 ▼73.7%
Net result drops to €7,567, the lowest in the series; recovery starts the following year.
10-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
Financial 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, Bilzen-Hoeselt · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1,132 m²
Building footprint
251 m²
Volume, LiDAR
1,098 m³
Parcel 73077C0293/00P000, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SilcoFlip
Hernerweg 61, 3730 Bilzen-HoeseltSpecialised construction activities
since 20212.316.959.519
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73077C0293/00P000 Flanders 1,132 m² 1 · 251 m² 8.6 m · 1 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.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 4 entries · 19,084 EUR awarded · 20,254 EUR paid
Year Entries awardedpaid
2025 1 4,101 EUR4,101 EUR
2024 1 12,005 EUR12,005 EUR
2023 2 2,978 EUR4,148 EUR
Schemes
3 entries · 16,744 EUR · 16,744 EUR paid · Departement Werk en Sociale Economie
1 entry · 2,340 EUR · 3,510 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 11,141 companies in sector 43910 we hold annual accounts for 5,493. 4,764 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
Founded10-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0768252272
Also 9925:BE0768252272
Registered 31-10-2023

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.