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Silk Road Development

Active
Private limited companyfounded 2024active for 1 yearCoqjanstraat(P.E.) 81, 7850 Enghien, BelgiumKBO/BCE: BE 1017.673.124

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 28-07-2026 at the NBB

Turnover
≈ €130,000
Estimated: probably between €100,000 and €170,000
Total assets
€68,405
Net result
€44,797
Working capital
€49,797

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Equity and liabilities €68,405
Equity €49,797
Debt €18,608
Debt's share of the balance-sheet total is 27.2%.
Key figures and ratios
2025 value
Current ratio
3.68
Debt to equity
0.37
ROE
90.0%
ROA
65.5%
Debt ≤ 1 year
€18,608
Income taxes
€16,799

Comparable companies

These companies have the same main activity as Silk Road Development: other business support services (NACE 82990). They are comparable in size and age: total assets between €64,800 and €89,900, founded between 2024 and 2025.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFinancial year
Silk Road Development Enghien2024€68,405€49,797€61,635-€44,7972025
JDR Management Farciennes2024€70,398€62,358€61,514€126,688€47,5332025
Dali Health Solutions Dour2024€89,942€55,042€62,907-€49,0422025
STUDIEBUREAU WILL Ardooie2024€68,601€47,016€60,629-€45,8162025
FuRe Bilzen-Hoeselt2024€68,907€49,699€61,193-€44,6992025
LAMIAPHARM Namur2024€68,645€47,878€58,913-€44,9922025
MB ASSIST Kortrijk2025€64,795€50,503€60,354-€48,3362025

They were chosen from the 9,746 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 11,279 companies had the same profile as Silk Road Development has now. Two years later, 0.7% had gone bankrupt and 96.6% were still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% was still going

That fits the bankruptcy probability of Silk Road Development itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 11,279 companies, not a prediction for Silk Road Development. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 28 lines

Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.

Balance sheet Code2025
Assets
Total assets20/58€68,405
Current assets29/58€68,405
Amounts receivable within one year40/41€624
Other amounts receivable41€624
Cash at bank and in hand54/58€67,781
Equity and liabilities
Total equity and liabilities10/49€68,405
Equity10/15€49,797
Contributions10/11€5,000
Reserves13€44,797
Distributable reserves133€44,797
Amounts payable17/49€18,608
Amounts payable within one year42/48€18,608
Trade debts44€360
Suppliers440/4€360
Taxes, remuneration and social security45€16,799
Taxes450/3€16,799
Other amounts payable47/48€1,449
Income statement Code2025
Gross operating margin9900€61,635
Operating profit (loss)9901€61,635
Financial charges65/66B€39
Recurring financial charges65€39
Profit (loss) for the period before taxes9903€61,596
Income taxes67/77€16,799
Profit (loss) for the period9904€44,797
Profit (loss) for the period to be appropriated9905€44,797
Appropriation of the result
Profit (loss) to be appropriated9906€44,797
Transfer to equity691/2€44,797
To other reserves6921€44,797

The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.

Line2025
Gross operating margin9900€61,635
Operating profit (loss)9901€61,635
Financial charges65/66B€39
Recurring financial charges65€39
Profit (loss) for the period before taxes9903€61,596
Income taxes67/77€16,799
Profit (loss) for the period9904€44,797
Profit (loss) for the period to be appropriated9905€44,797
Line2025
Assets
Total assets20/58€68,405
Current assets29/58€68,405
Amounts receivable within one year40/41€624
Other amounts receivable41€624
Cash at bank and in hand54/58€67,781
Equity and liabilities
Total equity and liabilities10/49€68,405
Equity10/15€49,797
Contributions10/11€5,000
Reserves13€44,797
Distributable reserves133€44,797
Amounts payable17/49€18,608
Amounts payable within one year42/48€18,608
Trade debts44€360
Suppliers440/4€360
Taxes, remuneration and social security45€16,799
Taxes450/3€16,799
Other amounts payable47/48€1,449
Line2025
Profit (loss) for the period9904€44,797
Operating cash flow (approximation)€44,797

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 28-07-2026 2026-00340654 NBB

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