Silver Garden
ActiveSilver Garden has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €402k and a net result of €28k. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 53% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-7
Solvency65▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.33 in 2024; short-term debt: 27.4% and cash: 5.4% of total assets), and 59.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
40.2%
Return on assets
2.8%
Age of the figures
9 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
42 d late
2023
30 d early
2022
40 d early
2021
9 d early
2020
4 d early
2019
53 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€402k▲ 3.8%
2024 · €387k
2018: €112k
2019: €134k
2020: €145k
2021: €222k
2022: €284k
2023: €337k
2024: €387k
2018 → 2025
Total assets
€999k▲ 11.7%
2024 · €894k
2018: €363k
2019: €403k
2020: €379k
2021: €587k
2022: €796k
2023: €909k
2024: €894k
2018 → 2025
Net result
€28k▼ 63.4%
2024 · €75k
2018: €28k
2019: €23k
2020: €12k
2021: €97k
2022: €88k
2023: €81k
2024: €75k
2018 → 2025
Working capital
€76k▼ 13.0%
2024 · €88k
2018: €32k
2019: €48k
2020: €19k
2021: €41k
2022: €48k
2023: €60k
2024: €88k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€222k-€284k▲ 28.0%€337k▲ 18.7%€387k▲ 14.9%€402k▲ 3.8%
Operating result€136k-€114k▼ 15.9%€127k▲ 10.9%€122k▼ 3.5%€52k▼ 57.1%
Net result€97k-€88k▼ 9.4%€81k▼ 8.3%€75k▼ 6.9%€28k▼ 63.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 57% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €999k
Fixed assets
€649k▲ 19.6%
Current assets
€350k▼ 0.4%
Equity and liabilities €999k
Equity
€402k▲ 3.8%
Debt
€597k▲ 17.8%
The debt ratio rises from 56.7% to 59.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€159k▼
2024 · €215k
Cash flow
€134k▼
2024 · €168k
Solvency
40.2%▼
2024 · 43.3%
Current ratio
1.28▼
2024 · 1.33
Quick ratio
1.28▼
2024 · 1.33
Debt / equity
1.49▲
2024 · 1.31
ROE
6.9%▼
2024 · 19.4%
ROA
2.8%▼
2024 · 8.4%
Interest coverage
8.64▼
2024 · 12.06
Debt
€597k▲
2024 · €507k
Debt ≤ 1 year
€274k▲
2024 · €264k
Debt > 1 year
€319k▲
2024 · €240k
Income taxes
€7k▼
2024 · €30k
Staff costs
€103k▲
2024 · €80k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€894k€999k▲
Fixed assets21/28€542k€649k▲
Tangible fixed assets22/27€542k€648k▲
Land and buildings22€188k€184k▼
Plant, machinery and equipment23€148k€175k▲
Furniture and vehicles24€39k€35k▼
Leasing and similar rights25€154k€245k▲
Other tangible fixed assets26€13k€10k▼
Financial fixed assets28€135€135=
Current assets29/58€352k€350k▼
Amounts receivable within one year40/41€250k€273k▲
Trade receivables40€236k€261k▲
Other amounts receivable41€14k€11k▼
Cash at bank and in hand54/58€91k€54k▼
Deferred charges and accrued income490/1€10k€24k▲
Equity and liabilities
Total equity and liabilities10/49€894k€999k▲
Equity10/15€387k€402k▲
Contributions10/11€6k€6k=
Reserves13€381k€395k▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€362k€376k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€507k€597k▲
Amounts payable after more than one year17€240k€319k▲
Financial debts170/4€240k€319k▲
Amounts payable within one year42/48€264k€274k▲
Current portion of amounts payable after more than one year42€73k€116k▲
Financial debts43€4k€7k▲
Credit institutions430/8€4k€7k▲
Trade debts44€59k€51k▼
Suppliers440/4€59k€51k▼
Taxes, remuneration and social security45€51k€23k▼
Taxes450/3€44k€14k▼
Remuneration and social security454/9€7k€9k▲
Other amounts payable47/48€77k€77k▲
Accrued charges and deferred income492/3€3k€4k▲
Income statement
Code20242025
Remuneration, social security and pensions62€80k€103k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93k€107k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€300k€268k▼
Operating profit (loss)9901€122k€52k▼
Financial income75/76B€326€39▼
Recurring financial income75€326€39▼
Financial charges65/66B€18k€18k▲
Recurring financial charges65€18k€18k▲
Profit (loss) for the period before taxes9903€105k€34k▼
Income taxes67/77€30k€7k▼
Profit (loss) for the period9904€75k€28k▼
Profit (loss) for the period to be appropriated9905€75k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€75k€28k▼
Transfer from equity791/2€25k€13k▼
Transfer to equity691/2€75k€28k▼
To other reserves6921€75k€28k▼
Profit to be distributed694/7€25k€13k▼
Return on contributions (dividend)694€25k€13k▼
Social balance
Average headcount (FTE)90872.12.7▲
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 42 days late
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €97k ▲740%
Operating result €136k, net result €97k, both a record.
31-12
Financial
Equity above €200kEq €222k ▲53.3%
4 profitable years in a row build equity to €222k.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €12k ▼50.8%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Zwalm · 1 establishment unit since 2012
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.
Latemdreef(Paul) 159630 ZwalmGround area
1,438 m²
Building footprint
269 m²
Volume, LiDAR
1,257 m³
Parcel 45038A0201/00L000, Flanders · tallest building 10.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SILVER GARDEN
since 20122.206.960.133
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45038A0201/00L000 | Flanders | 1,438 m² | 1 · 269 m² | 10.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Food safety, FASFC
1 siteZwalm2.206.960.133
Dual-learning approval
5 live approvals · 7 endedGroenaanleg en –beheer duaal (so)
Medewerker groen- en tuinaanleg (vwo)
Medewerker groen- en tuinaanleg duaal (so)
Medewerker groen- en tuinbeheer (vwo)
Medewerker groen- en tuinbeheer duaal (so)
Similar companies · same sector, comparable size
ECOSEM
BE 0474.980.591
Chaumont-Gistoux · Eq €401k
COLMAN en VAN DAMME
BE 0462.271.613
Zele · Eq €401k
Aveve Mannekensvere
BE 0807.964.072
Middelkerke · Eq €400k
BLOEMEN HENRIOULLE
BE 0846.849.590
Hasselt · Eq €399k
TEERLINCK - DEPREITERE
BE 0889.425.266
Torhout · Eq €398k
Of 3,387 companies in sector 47761 we hold annual accounts for 1,156. 850 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-02-2012
Fiscal year end31-12
Activities, NACEBEL
47761Retail sale of flowers, plants, seeds and fertilisers
81300Landscape service activities
01301Crop and animal production, hunting and related service activities
43120Site preparation
46220Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.