Silicon ICT Services
ActiveThe annual accounts of Silicon ICT Services for fiscal year 2024 show a net loss of 98% of the equity at the start of that year. The 2024 annual accounts show equity of €4k and a net result of €-175k. Equity is shrinking by ~120.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 15% of 2832 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability61▲+22
Solvency25▼-5
Growth32=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.3 against 0.35 in 2023; short-term debt: 28.5% and cash: 0.4% of total assets), and 99.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
0.1%
Return on assets
-5.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-175k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 2832 sector peers (2024).
NBB · sector comparisonPosition among 2832 sector peers
Solvency
better than 15%
← weakest
strongest →
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 26-06-2025, 35 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
22 d late
2022
27 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€4k▼ 97.5%
2023 · €179k
2022: €437k
2023: €179k
2022 → 2024
Total assets
€3.40M▼ 11.1%
2023 · €3.82M
2022: €4.17M
2023: €3.82M
2022 → 2024
Net result
€-175k▲ 32.3%
2023 · €-258k
2022: €-63k
2023: €-258k
2022 → 2024
Working capital
€-681k▼ 6.5%
2023 · €-640k
2022: €-897k
2023: €-640k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€437k-€179k▼ 59.0%€4k▼ 97.5%
Operating result€9k-€-197k€-125k▲ 36.6%
Net result€-63k-€-258k▼ 308%€-175k▲ 32.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €125k in 2024 against €197k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.40M
Fixed assets
€3.11M▼ 10.6%
Current assets
€289k▼ 15.6%
Equity and liabilities €3.40M
Equity
€4k▼ 97.5%
Debt
€3.39M▼ 6.8%
The debt ratio rises from 95.3% to 99.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€285k▲
2023 · €205k
Cash flow
€235k▲
2023 · €144k
Solvency
0.1%▼
2023 · 4.7%
Current ratio
0.30▼
2023 · 0.35
Quick ratio
0.26▼
2023 · 0.32
ROA
-5.1%▲
2023 · -6.7%
Interest coverage
5.84▲
2023 · 3.44
Debt
€3.39M▼
2023 · €3.64M
Debt ≤ 1 year
€970k▼
2023 · €982k
Debt > 1 year
€2.42M▼
2023 · €2.66M
Income taxes
€1k▼
2023 · €2k
Staff costs
€539k▲
2023 · €490k
A ratio outside any meaningful range has been withheld (balance sheet total €3.40M, equity €4k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.82M€3.40M▼
Fixed assets21/28€3.48M€3.11M▼
Intangible fixed assets21€3.44M€3.10M▼
Tangible fixed assets22/27€40k€10k▼
Plant, machinery and equipment23€30k€924▼
Other tangible fixed assets26€10k€9k▼
Current assets29/58€342k€289k▼
Stocks and contracts in progress3€27k€39k▲
Stocks30/36€27k€39k▲
Amounts receivable within one year40/41€235k€217k▼
Trade receivables40€235k€217k▼
Other amounts receivable41€524€356▼
Cash at bank and in hand54/58€52k€12k▼
Deferred charges and accrued income490/1€28k€20k▼
Equity and liabilities
Total equity and liabilities10/49€3.82M€3.40M▼
Equity10/15€179k€4k▼
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Profit (loss) carried forward14€-321k€-496k▼
Amounts payable17/49€3.64M€3.39M▼
Amounts payable after more than one year17€2.66M€2.42M▼
Financial debts170/4€2.09M€1.67M▼
Trade debts175-€286k
Other amounts payable178/9€570k€470k▼
Amounts payable within one year42/48€982k€970k▼
Current portion of amounts payable after more than one year42€643k€651k▲
Trade debts44€234k€186k▼
Suppliers440/4€234k€186k▼
Taxes, remuneration and social security45€105k€133k▲
Taxes450/3€28k€66k▲
Remuneration and social security454/9€77k€66k▼
Other amounts payable47/48€0-
Income statement
Code20232024
Remuneration, social security and pensions62€490k€539k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€402k€409k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€395€0▼
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A€43k€0▼
Gross operating margin9900€741k€828k▲
Operating profit (loss)9901€-197k€-125k▲
Financial income75/76B€216€51▼
Recurring financial income75€216€51▼
Financial charges65/66B€59k€49k▼
Recurring financial charges65€59k€49k▼
Profit (loss) for the period before taxes9903€-256k€-173k▲
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€-258k€-175k▲
Profit (loss) for the period to be appropriated9905€-258k€-175k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-321k€-496k▼
Profit (loss) brought forward from the previous period14P€-63k€-321k▼
Social balance
Average headcount (FTE)90877.98.0▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
31-12
Financial
Weakest financial yearnet €-258k
Net result drops to €-258k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zedelgem · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Autobaan 228210 ZedelgemGround area
1,994 m²
Building footprint
772 m²
Volume, LiDAR
7,094 m³
2 parcels, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Nijverheidsstraat 7, 8310 Brugge
since 20212.320.468.642
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31002A0049/00X007 | Flanders | 1,416 m² | 1 · 772 m² | 11.2 m · 3 fl. |
| 31017B0048/00W002 | Flanders | 577 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
98450080076F068BCE81
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Of 29,995 companies in sector 62200 we hold annual accounts for 18,391. 5,563 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-07-2021
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.