Equity
€724,668 from €1.5m in 2011
Equity fell by 52% in 14 years.
Silver Lake
Lifetime
20 annual accounts with figures on one time axis, 31 filings since 1995peak €1.0m (2010)
€716,050▲ 4.9%
lowest -€219,613 (2019)
-€1,359▲ €17,496
peak €1.5m (2011)
€724,668▼ 0.2%
€1.6m▲ 4.5%
peak 9.8 FTE (2024)
9.5 FTE▼ 3.1%
Board3 names since 2021
2 directorsNV VGR GROUP and 1 other
Owners
Documentsfilings and deeds
17-06-202644 days before the deadline
2025financial year
Loss of €1,359Investments €39,971Cash from €246,429 to €85,746
Key points
from the 2025 annual accountsLosses
-€20,214 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Investments
€39,971 2.4 × depreciation
Green is investment, beige is depreciation. Machinery stands 17.1% higher than in 2024.
Checked score
80
Excellent
Financially stronger than 33% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,276 companies (NACE 47, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.5%▲ +0.1 percentage points vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.3%▼ -0.2 percentage points vs 06-2025lowest value
08-2025: 0.3%● unchanged vs 07-2025lowest value
09-2025: 0.3%● unchanged vs 08-2025lowest value
10-2025: 0.3%● unchanged vs 09-2025lowest value
11-2025: 0.3%● unchanged vs 10-2025lowest value
12-2025: 0.3%● unchanged vs 11-2025lowest value
01-2026: 0.3%● unchanged vs 12-2025lowest value
02-2026: 0.3%● unchanged vs 01-2026lowest value
03-2026: 0.3%● unchanged vs 02-2026lowest value
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.4%▲ +0.1 percentage points vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026
09-2026: 0.9%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 0.5%▼ -0.4 percentage points vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Retail trade (NACE 47)
Loss of €1,359, the second in a row (financial year 2025)
Liquidity: current ratio 1.64, cash €85,746, halved
lowers risk
Founded in 1994
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 47% of them on solvency, 21% on liquidity, 25% on profitability and 38% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as Silver Lake has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Silver Lake itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 12,322 companies, not a prediction for Silver Lake. 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.
Credit verdict
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.64 (1.67 in 2024), above the usual 1.5. Short-term debt is 59.5% and cash 3.8% of total assets. However, 68.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 days early
2024
37 days early
2023
44 days early
2022
46 days early
2021
40 days early
2020
43 days early
2019
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
1 director resigning, 1 reappointment
Resignation: BV CHAPO (director) · Permanent representatives: Beatrijs Van Rymenam and Bart Van Gastel · Reappointment: NV VGR GROUP (sole director) · General meeting of 29-03-2023 · Gazette deed
First establishment
Silver Lake Harley-Davidson, Winkelom 85, Geel
Incorporation
published on 23-02-1994 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Silver Lake Geel | €2.3m | €0.7m | 31.7% | 9.5 |
| FIETSEN SAMAN Wuustwezel | €1.7m | €0.7m | 74.6% | 8 |
| MOTO'S MAES Ledegem | €2.4m | €0.7m | 47.8% | 8 |
| DEXTERS SPORT As | €3.0m | €0.8m | 59.7% | 8.2 |
| Hot Motorbike Theux | €2.3m | €0.9m | 26.1% | 7.3 |
| Black and Bike Mons Mons | €1.6m | €0.6m | 21.6% | 7.4 |
| LEJEUNE MOTOSPORT Bastogne | €3.1m | €1.2m | 26.5% | 10.9 |
These companies have the same main activity as Silver Lake: retail sale of motorcycles and motorcycle parts and accessories (NACE 47830). They are comparable in size and age: total assets between €1.6m and €3.1m, founded between 1993 and 2000.
Official details
Source: KBO- Status
- Active since 31-01-1994Normal situation
- Activity
- Retail sale of motorcycles and motorcycle parts and accessoriesNACE 47830
- Joint committees
- 112Garages
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.066.375.1622440 Geel, since 11-04-1994
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €5.9mestimated
- €2.3m▲ 2.9%
- Employeeson 31-12-2025
- 9▼ 10.0%
- Filing
- Filed on 17-06-2026, 44 days before the end of the filing period
Insights on Silver Lake
Silver Lake has existed since 1994. The gross margin fell from €728,805 in 2018 to €309,158 in 2019.
VGR Group holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Silver Lake
- What is the company number of Silver Lake?
- The company number of Silver Lake is 0451.861.236. The VAT number is the same number with BE in front: BE 0451.861.236.
- Where is Silver Lake based?
- The registered office is at Winkelom 85, 2440 Geel.Company details
- What does Silver Lake do?
- According to the KBO register, the main activity is retail sale of motorcycles and motorcycle parts and accessories (NACE 47830).
- What is the legal form of Silver Lake?
- Silver Lake is a public limited company (NV).
- When was Silver Lake founded?
- Silver Lake was founded on 31-01-1994.
- Is Silver Lake still active?
- Yes, Silver Lake is an active enterprise in the KBO register.
- How many employees does Silver Lake have?
- Silver Lake had an average of 9.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Silver Lake fall under?
- In its 2025 annual accounts, Silver Lake states joint committees 112 (Garages) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Silver Lake?
- The turnover in financial year 2025 is ≈ €5.9m. This figure is estimated from the gross margin of €716,050 and 40 comparable companies (NACE 478). It probably lies between €3.4m and €7.5m.
- Is Silver Lake profitable?
- In financial year 2025, Silver Lake made a loss of €1,359.
- Where can I find the annual accounts of Silver Lake?
- Silver Lake filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Silver Lake due?
- Silver Lake must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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