SILFRA
ActiveSummary
SILFRA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105,414 and a net result of €25,489. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 95% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▼-3
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 16.96 against 5.1 in 2024; short-term debt: 4.9% and cash: 43.3% of total assets), and 4.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.1%
Return on assets
23%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €105,414
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-12-2025, 142 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
142 d early
2024
76 d early
2023
33 d early
2022
32 d early
2021
52 d early
2020
43 d early
2019
30 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 58 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€105,414▲ 11.3%
2024 · €94,679
Total assets
€110,831▼ 1.4%
2024 · €112,433
Net result
€25,489▼ 13.9%
2024 · €29,614
Working capital
€86,433▲ 28.2%
2024 · €67,438
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Line20212022202320242025
Operating result€12,551€3,521▼ 71.9%€28,449▲ 708%€42,442▲ 49.2%€28,901▼ 31.9%
Net result€2,690below the sector's middle half▼ 81.8%-€758below the sector's middle half€20,142within the sector's middle half€29,614within the sector's middle half▲ 47.0%€25,489within the sector's middle half▼ 13.9%
Equity€91,313within the sector's middle half▼ 18.2%€57,036within the sector's middle half▼ 37.5%€67,107within the sector's middle half▲ 17.7%€94,679within the sector's middle half▲ 41.1%€105,414within the sector's middle half▲ 11.3%
Total assets€107,751within the sector's middle half▼ 29.5%€82,741within the sector's middle half▼ 23.2%€115,080within the sector's middle half▲ 39.1%€112,433within the sector's middle half▼ 2.3%€110,831within the sector's middle half▼ 1.4%
Debt€16,439▼ 60.0%€25,705▲ 56.4%€47,973▲ 86.6%€17,754▼ 63.0%€5,417▼ 69.5%
Working capital€83,629▼ 13.5%€54,642▼ 34.7%€39,088▼ 28.5%€67,438▲ 72.5%€86,433▲ 28.2%
Solvency84.7%above the sector's middle half▲ 11.6pp68.9%within the sector's middle half▼ 15.8pp58.3%within the sector's middle half▼ 10.6pp84.2%above the sector's middle half▲ 25.9pp95.1%above the sector's middle half▲ 10.9pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
The operating result falls in 2025; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €110,831
Fixed assets
€18,981 ▼ 33.6%
Current assets
€91,850 ▲ 9.5%
Equity and liabilities €110,831
Equity
€105,414 ▲ 11.3%
Debt
€5,417 ▼ 69.5%
Debt's share of the balance-sheet total falls from 15.8% to 4.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38,486▼
2024 · €51,895
Cash flow
€35,074▼
2024 · €39,066
Current ratio
16.96▲
2024 · 5.10
Debt to equity
0.05▼
2024 · 0.19
ROE
24.2%▼
2024 · 31.3%
ROA
23.0%▼
2024 · 26.3%
Interest coverage
93.59▲
2024 · 71.05
Debt ≤ 1 year
€5,417▼
2024 · €16,429
Debt > 1 year
€0▼
2024 · €1,188
Income taxes
€11,090▼
2024 · €12,147
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 34,672 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,522 | €7,705 | €8,035 | €9,453 | €9,585 | ▲ 1.4% |
| Other operating charges640/8 | - | €3,945 | €18,180 | €767 | €777 | ▲ 1.3% |
| Non-recurring operating charges66A | - | €8,227 | €0 | - | €1,171 | - |
| Gross operating margin9900 | €34,146 | €23,398 | €54,665 | €52,662 | €40,434 | ▼ 23.2% |
| Operating profit (loss)9901 | €12,551 | €3,521 | €28,449 | €42,442 | €28,901 | ▼ 31.9% |
| Financial income75/76B | - | €10 | €15 | €49 | €8,089 | ▲ 16,489% |
| Recurring financial income75 | €172 | €10 | €15 | €49 | €20 | ▼ 58.3% |
| Non-recurring financial income76B | - | €0 | - | - | €8,069 | - |
| Financial charges65/66B | - | €140 | €920 | €730 | €411 | ▼ 43.7% |
| Recurring financial charges65 | €4,357 | €140 | €920 | €730 | €411 | ▼ 43.7% |
| Profit (loss) for the period before taxes9903 | €13,123 | €3,390 | €27,544 | €41,760 | €36,579 | ▼ 12.4% |
| Income taxes67/77 | €10,433 | €4,148 | €7,402 | €12,147 | €11,090 | ▼ 8.7% |
| Profit (loss) for the period9904 | €2,690 | -€758 | €20,142 | €29,614 | €25,489 | ▼ 13.9% |
| Profit (loss) for the period to be appropriated9905 | €2,690 | -€758 | €20,142 | €29,614 | €25,489 | ▼ 13.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107,751 | €82,741 | €115,080 | €112,433 | €110,831 | ▼ 1.4% |
| Fixed assets21/28 | €7,745 | €2,395 | €36,139 | €28,566 | €18,981 | ▼ 33.6% |
| Tangible fixed assets22/27 | €7,745 | €2,395 | €36,139 | €28,566 | €18,981 | ▼ 33.6% |
| Furniture and vehicles24 | - | €2,395 | €36,139 | €28,566 | €18,981 | ▼ 33.6% |
| Current assets29/58 | €100,007 | €80,347 | €78,941 | €83,867 | €91,850 | ▲ 9.5% |
| Amounts receivable within one year40/41 | €16,705 | €17,380 | €30,923 | €18,150 | €16,354 | ▼ 9.9% |
| Trade receivables40 | - | €10,052 | €30,923 | €18,150 | €16,354 | ▼ 9.9% |
| Other amounts receivable41 | - | €7,329 | €0 | - | - | - |
| Current investments50/53 | €35,918 | €16,194 | €16,194 | €20,300 | €27,555 | ▲ 35.7% |
| Cash at bank and in hand54/58 | €47,384 | €46,772 | €31,824 | €45,087 | €47,941 | ▲ 6.3% |
| Deferred charges and accrued income490/1 | - | - | - | €330 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107,751 | €82,741 | €115,080 | €112,433 | €110,831 | ▼ 1.4% |
| Equity10/15 | €91,313 | €57,036 | €67,107 | €94,679 | €105,414 | ▲ 11.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €85,113 | €50,836 | €60,907 | €88,479 | €99,214 | ▲ 12.1% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €50,836 | €60,907 | €88,479 | €99,214 | ▲ 12.1% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €16,439 | €25,705 | €47,973 | €17,754 | €5,417 | ▼ 69.5% |
| Amounts payable after more than one year17 | - | - | €8,120 | €1,188 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €8,120 | €1,188 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €16,378 | €25,705 | €39,853 | €16,429 | €5,417 | ▼ 67.0% |
| Current portion of amounts payable after more than one year42 | - | €0 | €6,608 | €6,932 | €1,188 | ▼ 82.9% |
| Trade debts44 | €1,197 | €114 | €716 | €947 | €803 | ▼ 15.3% |
| Suppliers440/4 | - | €114 | €716 | €947 | €803 | ▼ 15.3% |
| Taxes, remuneration and social security45 | - | €254 | €6,544 | €6,228 | €3,426 | ▼ 45.0% |
| Taxes450/3 | - | €254 | €6,544 | €6,228 | €3,426 | ▼ 45.0% |
| Other amounts payable47/48 | - | €25,337 | €25,985 | €2,321 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €0 | - | €137 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,690 | -€758 | €20,142 | €29,614 | €25,489 | ▼ 13.9% |
| + Depreciation and write-downs630 | €7,522 | €7,705 | €8,035 | €9,453 | €9,585 | ▲ 1.4% |
| Operating cash flow (approximation) | €10,212 | €6,948 | €28,177 | €39,066 | €35,074 | ▼ 10.2% |
| Investment in fixed assets (approximation) | - | -€2,355 | -€41,780 | -€1,879 | €0 | ▲ 100% |
| Change in cash | - | -€611 | -€14,948 | €13,263 | €2,855 | ▼ 78.5% |
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
2025
09-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Liquidity triplescurrent ratio 16.96
Current ratio from 5.10 to 16.96; short-term debt falls from €16,429 to €5,417.
30-09
Financial
Equity above €100,000Eq €105,414 ▲11.3%
3 profitable years in a row build equity to €105,414.
13-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €29,614 ▲47%
Operating result €42,442, net result €29,614, both a record.
30-09
Financial
Liquidity triplescurrent ratio 5.10
Current ratio from 1.98 to 5.10; short-term debt falls from €39,853 to €16,429.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €20,142
Net result €20,142 after one loss-making year.
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet -€758
Net result drops to -€758, the lowest in the series; recovery starts the following year.
09-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
30-09
Financial
Equity above €100,000Eq €111,647 ▲15.2%
3 profitable years in a row build equity to €111,647.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Halen · 1 establishment unit since 2011
Ground area
708 m²
Building footprint
113 m²
Volume, LiDAR
563 m³
Parcel 71422B0426/00A002, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SILFRA
since 20112.203.993.418
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71422B0426/00A002 | Flanders | 708 m² | 1 · 113 m² | 7.5 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600RX0MUSQOJ2F364
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Of 16,911 companies in sector 62100 we hold annual accounts for 8,778. 6,951 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
Founded04-11-2011
Fiscal year end30-09
Activities, NACEBEL 2025
62100Computer programming
47711Retail sale of women's outerwear
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840827969
Registered
08-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.