Summary
SILESAM is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €36.6m and a net result of €6.0m. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 5593 sector peers (fiscal year 2025). The company has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
25 d early
2023
29 d early
2022
33 d early
2021
17 d late
2019
65 d early
2018
72 d early
← 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 30 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 6 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 oldest company in Roeselare, Finance and insurance sector
Equity
€36.6m▲ 8.4%
2024 · €33.8m
Net result
€6.0m▲ 1,598%
2024 · €355,002
Total assets
€42.5m▲ 14.1%
2024 · €37.2m
Solvency
86.2%▼ 4.6pp
2024 · 90.8%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result€616,867-€242,688▼ 60.7%€322,114▲ 32.7%€376,882▲ 17.0%€98,219▼ 73.9%
Net result€7.1mabove the sector's middle half-€393,517above the sector's middle half▼ 94.5%€464,945above the sector's middle half▲ 18.2%€355,002above the sector's middle half▼ 23.6%€6.0mabove the sector's middle half▲ 1,598%
Equity€32.9mabove the sector's middle half-€33.3mabove the sector's middle half▲ 1.2%€33.4mabove the sector's middle half▲ 0.5%€33.8mabove the sector's middle half▲ 1.1%€36.6mabove the sector's middle half▲ 8.4%
Total assets€37.9mabove the sector's middle half-€37.7mabove the sector's middle half▼ 0.6%€37.7mabove the sector's middle half▼ 0.1%€37.2mabove the sector's middle half▼ 1.1%€42.5mabove the sector's middle half▲ 14.1%
Debt€4.9m-€4.3m▼ 12.5%€4.1m▼ 4.6%€3.3m▼ 18.7%€5.8m▲ 73.1%
Working capital€10.3mabove the sector's middle half-€9.6mabove the sector's middle half▼ 6.8%€9.2mabove the sector's middle half▼ 3.7%€9.4mabove the sector's middle half▲ 1.7%€4.3mabove the sector's middle half▼ 53.5%
Solvency86.7%above the sector's middle half-88.3%above the sector's middle half▲ 1.6pp88.8%above the sector's middle half▲ 0.5pp90.8%above the sector's middle half▲ 1.9pp86.2%above the sector's middle half▼ 4.6pp
Current ratio81.88above the sector's middle half-84.43above the sector's middle half▲ 2.5521.87above the sector's middle half▼ 62.5685.01above the sector's middle half▲ 63.141.75within the sector's middle half▼ 83.25
Return on assets (ROA)18.7%above the sector's middle half-1.0%within the sector's middle half▼ 17.7pp1.2%within the sector's middle half▲ 0.2pp1.0%within the sector's middle half▼ 0.3pp14.2%above the sector's middle half▲ 13.2pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2022 Net result -94% on 2021. The previous fiscal year ran 18 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 74% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42.5m
Fixed assets
€32.4m ▲ 16.6%
Current assets
€10.1m ▲ 6.7%
Equity and liabilities €42.5m
Equity
€36.6m ▲ 8.4%
Provisions
€113,818 ▼ 3.9%
Debt
€5.8m ▲ 73.1%
Debt's share of the balance-sheet total rises from 8.9% to 13.5%. Equity and debt are higher.
Key figures and ratios
ROE
16.5%▲
2024 · 1.1%
Debt ≤ 1 year
€5.8m▲
2024 · €111,381
Income taxes
€1,208▼
2024 · €29,458
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €8,530 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €252,074 | €246,347 | €294,048 | €326,796 | €330,394 | ▲ 1.1% |
| Other operating charges640/8 | - | €21,797 | €16,007 | €17,507 | €19,933 | ▲ 13.9% |
| Non-recurring operating charges66A | - | €84,854 | - | - | - | - |
| Gross operating margin9900 | €887,150 | €595,685 | €632,169 | €721,186 | €448,546 | ▼ 37.8% |
| Operating profit (loss)9901 | €616,867 | €242,688 | €322,114 | €376,882 | €98,219 | ▼ 73.9% |
| Financial income75/76B | - | €298,931 | €262,592 | €188,201 | €6.5m | ▲ 3,353% |
| Recurring financial income75 | €1.1m | €298,931 | €262,592 | €188,201 | €511,834 | ▲ 172% |
| Non-recurring financial income76B | - | - | - | - | €6.0m | - |
| Financial charges65/66B | - | €97,326 | €133,429 | €185,300 | €571,657 | ▲ 209% |
| Recurring financial charges65 | €178,484 | €97,326 | €133,429 | €185,300 | €171,657 | ▼ 7.4% |
| Non-recurring financial charges66B | - | - | - | - | €400,000 | - |
| Profit (loss) for the period before taxes9903 | €7.2m | €444,293 | €451,276 | €379,783 | €6.0m | ▲ 1,486% |
| Transfer from deferred taxes780 | - | €4,677 | €4,677 | €4,677 | €4,677 | = |
| Income taxes67/77 | €99,921 | €55,453 | -€8,991 | €29,458 | €1,208 | ▼ 95.9% |
| Profit (loss) for the period9904 | €7.1m | €393,517 | €464,945 | €355,002 | €6.0m | ▲ 1,598% |
| Transfer from tax-exempt reserves789 | - | €10,914 | €10,914 | €10,914 | €10,914 | = |
| Profit (loss) for the period to be appropriated9905 | €7.1m | €404,431 | €475,859 | €365,916 | €6.0m | ▲ 1,550% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37.9m | €37.7m | €37.7m | €37.2m | €42.5m | ▲ 14.1% |
| Fixed assets21/28 | €27.5m | €28.0m | €28.0m | €27.8m | €32.4m | ▲ 16.6% |
| Tangible fixed assets22/27 | €10.8m | €11.2m | €11.2m | €11.0m | €10.7m | ▼ 2.4% |
| Land and buildings22 | - | €10.4m | €10.2m | €10.0m | €9.8m | ▼ 2.3% |
| Furniture and vehicles24 | - | €848,499 | €995,373 | €963,382 | €931,391 | ▼ 3.3% |
| Financial fixed assets28 | €16.8m | €16.8m | €16.8m | €16.8m | €21.7m | ▲ 29.0% |
| Current assets29/58 | €10.4m | €9.7m | €9.6m | €9.5m | €10.1m | ▲ 6.7% |
| Amounts receivable within one year40/41 | €7.1m | €7.3m | €7.6m | €7.4m | €8.2m | ▲ 10.6% |
| Trade receivables40 | - | €87,663 | €73,404 | €85,467 | €81,082 | ▼ 5.1% |
| Other amounts receivable41 | - | €7.3m | €7.5m | €7.4m | €8.2m | ▲ 10.8% |
| Current investments50/53 | €1.9m | €2.0m | €1.8m | €1.7m | €1.7m | = |
| Cash at bank and in hand54/58 | €1.4m | €343,246 | €299,973 | €302,795 | €151,175 | ▼ 50.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37.9m | €37.7m | €37.7m | €37.2m | €42.5m | ▲ 14.1% |
| Equity10/15 | €32.9m | €33.3m | €33.4m | €33.8m | €36.6m | ▲ 8.4% |
| Contributions10/11 | €14.4m | €14.4m | €14.4m | €14.4m | €14.4m | = |
| Capital10 | - | €14.4m | €14.4m | €14.4m | €14.4m | = |
| Issued capital100 | - | €14.4m | €14.4m | €14.4m | €14.4m | = |
| Reserves13 | €18.5m | €18.9m | €19.0m | €19.4m | €22.2m | ▲ 14.6% |
| Non-distributable reserves130/1 | - | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Legal reserve130 | - | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Tax-exempt reserves132 | - | €298,318 | €287,404 | €276,490 | €265,576 | ▼ 3.9% |
| Distributable reserves133 | - | €17.1m | €17.3m | €17.7m | €20.5m | ▲ 16.1% |
| Provisions and deferred taxes16 | €132,528 | €127,851 | €123,173 | €118,496 | €113,818 | ▼ 3.9% |
| Deferred taxes168 | - | €127,851 | €123,173 | €118,496 | €113,818 | ▼ 3.9% |
| Amounts payable17/49 | €4.9m | €4.3m | €4.1m | €3.3m | €5.8m | ▲ 73.1% |
| Amounts payable after more than one year17 | €4.8m | €4.2m | €3.6m | €3.2m | - | - |
| Financial debts170/4 | - | €3.7m | €3.0m | €2.6m | - | - |
| Other amounts payable178/9 | - | €491,629 | €642,254 | €567,874 | - | - |
| Amounts payable within one year42/48 | €126,862 | €114,608 | €441,015 | €111,381 | €5.8m | ▲ 5,070% |
| Current portion of amounts payable after more than one year42 | - | €75,000 | €75,000 | €75,000 | €18,750 | ▼ 75.0% |
| Financial debts43 | - | - | - | - | €5.2m | - |
| Credit institutions430/8 | - | - | - | - | €5.2m | - |
| Trade debts44 | €161 | €7,840 | €27,916 | €3,586 | €24,738 | ▲ 590% |
| Suppliers440/4 | - | €7,840 | €27,916 | €3,586 | €24,738 | ▲ 590% |
| Taxes, remuneration and social security45 | - | €31,768 | €38,099 | €32,795 | €48,160 | ▲ 46.8% |
| Taxes450/3 | - | €31,768 | €38,099 | €32,795 | €48,160 | ▲ 46.8% |
| Other amounts payable47/48 | - | - | €300,000 | - | €517,000 | - |
| Accrued charges and deferred income492/3 | - | €12,171 | €12,669 | €28,013 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7.1m | €393,517 | €464,945 | €355,002 | €6.0m | ▲ 1,598% |
| + Depreciation and write-downs630 | €252,074 | €246,347 | €294,048 | €326,796 | €330,394 | ▲ 1.1% |
| Operating cash flow (approximation) | €7.4m | €639,863 | €758,993 | €681,798 | €6.4m | ▲ 833% |
| Investment in fixed assets (approximation) | - | -€733,846 | -€288,370 | -€89,726 | -€4.9m | ▼ 5,415% |
| Change in cash | - | -€1.0m | -€43,274 | €2,822 | -€151,620 | ▼ 5,473% |
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
Next filing, fiscal year 2026, expected by
2026
12-06
State Gazette act
Resignations: Maselis Patrick, Lecluyse Siska and 2 othersReappointments: Maselis Patrick, Lecluyse Siska and Maselis Matthieu · Appointment: Art To Travel (director) · Permanent representative: Maselis Valerie11 facts ▸
State Gazette act
Resignations: Maselis Patrick, Lecluyse Siska and 2 others
Reappointments: Maselis Patrick, Lecluyse Siska and Maselis Matthieu · Appointment: Art To Travel (director) · Permanent representative: Maselis Valerie11 facts ▸
- General meeting, 28-02-2026
- Board meeting, 28-02-2026
- Director resignation, Maselis Patrick (director and managing director)
- Director resignation, Lecluyse Siska (director and managing director)
- Director resignation, Maselis Matthieu (director)
- Director resignation, Art To Travel (director)
- Director reappointment, Maselis Patrick (director and managing director)
- Director reappointment, Lecluyse Siska (director and managing director)
- Director reappointment, Maselis Matthieu (director)
- Director appointment, Art To Travel (director)
- Permanent representative, Maselis Valerie (permanent representative)
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Liquidity quadruplescurrent ratio 85.01
Current ratio from 21.87 to 85.01; short-term debt falls from €441,015 to €111,381.
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
17-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
2021
30-06
Financial
Highest result since 2018net €7.1m ▲2,050%
Net result €7.1m, the highest in the series.
30-06
Financial
Liquidity times 13current ratio 81.88
Current ratio from 6.11 to 81.88; short-term debt falls from €1.2m to €126,862.
2020
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €330,481 ▼32.1%
Net result drops to €330,481, the lowest in the series; recovery starts the following year.
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26075406). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 4
Art To Travel
CurrentDirector · since 12-06-2026 · Legal entity · perm. rep.: Maselis Valerie
LECLUYSE Siska
CurrentDirector and managing director
Maselis Matthieu
CurrentDirector
MASELIS Patrick
CurrentDirector and managing director
Day-to-day management 2
LECLUYSE Siska
CurrentDirector and managing director
MASELIS Patrick
CurrentDirector and managing director
Permanent representatives 1
Maselis Valerie
CurrentPermanent representative · since 12-06-2026 · for Art To Travel
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2003
Ground area
6,923 m²
Building footprint
409 m²
Volume, LiDAR
2,839 m³
Parcel 36302B0909/00F000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
DE MANDEL
since 20032.120.087.725
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B0909/00F000 | Flanders | 6,923 m² | 1 · 409 m² | 11.7 m · 2 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.
Mandate history
4 people since 2026, 4 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Art To Travel |
|
| LECLUYSE Siska |
|
| Maselis Matthieu |
|
| MASELIS Patrick |
|
Structure & network
Connections & network
4 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Recognitions · licences · registrations
Legal Entity Identifier
967600DUFMFDS0FAQ467
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Identification & contact
Identification
Legal formPublic limited company
Founded27-03-1981
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0421482519
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.