SILO
ActiveSummary
SILO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€6,280) and a net result of -€17,258. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 9521 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency15▼-24
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.76 against 0.97 in 2023; short-term debt: 110.2% and cash: 15.4% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-10.2%
Return on assets
-28%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€6,280
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 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
32 d early
2022
35 d early
2021
46 d early
2020
27 d late
2019
34 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€17,258▼ 15.6%
2023 · -€14,934
Working capital
-€16,123▼ 637%
2023 · -€2,186
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€15,208▲ 224%€2,237▼ 85.3%€20,737▲ 827%-€14,426-€16,617▼ 15.2%
Net result€14,726▲ 286%€1,766▼ 88.0%€20,215▲ 1,045%-€14,934-€17,258▼ 15.6%
Equity€3,930€5,696▲ 44.9%€25,911▲ 355%€10,978▼ 57.6%-€6,280
Total assets€114,397▲ 10.0%€112,638▼ 1.5%€79,888▼ 29.1%€78,652▼ 1.5%€61,550▼ 21.7%
Debt€110,467▼ 3.7%€106,942▼ 3.2%€53,977▼ 49.5%€67,674▲ 25.4%€67,831▲ 0.2%
Working capital-€2,147▲ 87.9%-€14,651▼ 583%€9,061-€2,186-€16,123▼ 637%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,617 in 2024 against €14,426 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €61,550
Fixed assets
€9,842 ▼ 25.2%
Current assets
€51,708 ▼ 21.0%
Key figures and ratios
EBITDA
-€13,024▼
2023 · -€10,740
Cash flow
-€13,665▼
2023 · -€11,247
Solvency
-10.2%▼
2023 · 14.0%
Current ratio
0.76▼
2023 · 0.97
Quick ratio
0.59▼
2023 · 0.61
Debt to equity
-10.80▼
2023 · 6.16
ROA
-28.0%▼
2023 · -19.0%
Interest coverage
-20.10▼
2023 · -19.27
Debt ≤ 1 year
€67,831▲
2023 · €67,674
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% 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 497,058 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 6,943 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €849 | €2,806 | €4,008 | €3,687 | €3,593 | ▼ 2.5% |
| Other operating charges640/8 | - | €1,279 | €767 | €855 | €797 | ▼ 6.7% |
| Gross operating margin9900 | €16,945 | €6,321 | €25,512 | -€9,885 | -€12,226 | ▼ 23.7% |
| Operating profit (loss)9901 | €15,208 | €2,237 | €20,737 | -€14,426 | -€16,617 | ▼ 15.2% |
| Financial income75/76B | - | - | €15 | €52 | €7 | ▼ 86.0% |
| Recurring financial income75 | €2 | - | €15 | €52 | €7 | ▼ 86.0% |
| Financial charges65/66B | - | €470 | €537 | €557 | €648 | ▲ 16.3% |
| Recurring financial charges65 | €492 | €470 | €537 | €557 | €648 | ▲ 16.3% |
| Profit (loss) for the period before taxes9903 | €14,719 | €1,766 | €20,215 | -€14,932 | -€17,258 | ▼ 15.6% |
| Income taxes67/77 | -€8 | - | - | €2 | - | - |
| Profit (loss) for the period9904 | €14,726 | €1,766 | €20,215 | -€14,934 | -€17,258 | ▼ 15.6% |
| Profit (loss) for the period to be appropriated9905 | €14,726 | €1,766 | €20,215 | -€14,934 | -€17,258 | ▼ 15.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114,397 | €112,638 | €79,888 | €78,652 | €61,550 | ▼ 21.7% |
| Fixed assets21/28 | €6,077 | €20,348 | €16,850 | €13,164 | €9,842 | ▼ 25.2% |
| Tangible fixed assets22/27 | €1,127 | €15,398 | €11,900 | €8,214 | €4,892 | ▼ 40.4% |
| Land and buildings22 | - | €169 | - | - | - | - |
| Plant, machinery and equipment23 | - | €446 | €599 | €393 | €547 | ▲ 39.3% |
| Furniture and vehicles24 | - | €14,783 | €11,302 | €7,821 | €4,345 | ▼ 44.4% |
| Financial fixed assets28 | €4,950 | €4,950 | €4,950 | €4,950 | €4,950 | = |
| Current assets29/58 | €108,320 | €92,290 | €63,038 | €65,488 | €51,708 | ▼ 21.0% |
| Stocks and contracts in progress3 | €8,145 | €23,470 | €32,867 | €24,210 | €11,996 | ▼ 50.5% |
| Stocks30/36 | - | €23,470 | €32,867 | €24,210 | €11,996 | ▼ 50.5% |
| Amounts receivable within one year40/41 | €9,420 | €40,680 | €9,548 | €34,324 | €28,682 | ▼ 16.4% |
| Trade receivables40 | - | €39,392 | €7,950 | €33,718 | €28,677 | ▼ 15.0% |
| Other amounts receivable41 | - | €1,287 | €1,598 | €606 | €5 | ▼ 99.1% |
| Cash at bank and in hand54/58 | €89,225 | €26,611 | €18,402 | €5,424 | €9,500 | ▲ 75.1% |
| Deferred charges and accrued income490/1 | - | €1,530 | €2,219 | €1,530 | €1,530 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114,397 | €112,638 | €79,888 | €78,652 | €61,550 | ▼ 21.7% |
| Equity10/15 | €3,930 | €5,696 | €25,911 | €10,978 | -€6,280 | ▼ 157% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€10,330 | -€8,564 | €11,651 | -€3,282 | -€20,540 | ▼ 526% |
| Amounts payable17/49 | €110,467 | €106,942 | €53,977 | €67,674 | €67,831 | ▲ 0.2% |
| Amounts payable within one year42/48 | €110,467 | €106,942 | €53,977 | €67,674 | €67,831 | ▲ 0.2% |
| Trade debts44 | €277 | €1,147 | €3,540 | €87 | €2,808 | ▲ 3,113% |
| Suppliers440/4 | - | €1,147 | €3,540 | €87 | €2,808 | ▲ 3,113% |
| Other amounts payable47/48 | - | €105,795 | €50,437 | €67,587 | €65,022 | ▼ 3.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,726 | €1,766 | €20,215 | -€14,934 | -€17,258 | ▼ 15.6% |
| + Depreciation and write-downs630 | €849 | €2,806 | €4,008 | €3,687 | €3,593 | ▼ 2.5% |
| Operating cash flow (approximation) | €15,576 | €4,572 | €24,223 | -€11,247 | -€13,665 | ▼ 21.5% |
| Investment in fixed assets (approximation) | - | -€17,076 | -€510 | €0 | -€272 | - |
| Change in cash | - | -€62,614 | -€8,208 | -€12,978 | €4,076 | ▲ 131% |
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
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €20,215 ▲1,045%
Operating result €20,737, net result €20,215, both a record.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 34 days late
2019
31-12
Financial
Back to profitnet €3,820
Net result €3,820 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
27-05
NBB filing
Annual accounts filed
fiscal year 2015 · full 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, Ath · 1 establishment unit since 2012
Ground area
1,372 m²
Building footprint
332 m²
Volume, LiDAR
440 m³
2 parcels, Wallonia · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SILO
since 20122.214.099.333
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55031B0479/00K000 | Wallonia | 1,007 m² | 1 · 246 m² | - |
| 51024A0240/00E000 | Wallonia | 364 m² | 1 · 86 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,579 companies in sector 82300 we hold annual accounts for 1,673. 921 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
Founded03-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808147085
Also
9925:BE0808147085
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.