SILVER MOVING
Open bankruptcyA bankruptcy procedure is open for SILVER MOVING according to publications in the Belgian State Gazette; curator: YSABELLE ENSCH.
Summary
The 2023 annual accounts show equity of €98k and a net result of €-10k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€98k▼ 10.5%
2022 · €109k
2019: €41k
2020: €77k
2021: €101k
2022: €109k
2019 → 2023
Total assets
€272k▲ 40.9%
2022 · €193k
2019: €74k
2020: €110k
2021: €144k
2022: €193k
2019 → 2023
Net result
€-10k
2022 · €8k
2019: €22k
2020: €36k
2021: €25k
2022: €8k
2019 → 2023
Working capital
€-28k
2022 · €24k
2019: €9k
2020: €50k
2021: €70k
2022: €24k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€41k-€77k▲ 88.7%€101k▲ 32.0%€109k▲ 7.7%€98k▼ 10.5%
Operating result€22k-€36k▲ 63.9%€36k▼ 1.8%€10k▼ 71.2%€-5k
Net result€22k-€36k▲ 63.3%€25k▼ 31.9%€8k▼ 68.3%€-10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €5k after €10k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €272k
Fixed assets
€195k ▲ 127%
Current assets
€77k ▼ 28.0%
Equity and liabilities €272k
Equity
€98k ▼ 10.5%
Debt
€174k ▲ 108%
Debt's share of the balance-sheet total rises from 43.4% to 64.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€28k▲
2022 · €23k
Cash flow
€23k▲
2022 · €20k
Current ratio
0.73▼
2022 · 1.28
Quick ratio
0.68▼
2022 · 1.21
Debt to equity
1.78▲
2022 · 0.77
ROE
-9.8%▼
2022 · 7.1%
ROA
-3.5%▼
2022 · 4.0%
Interest coverage
10.52▼
2022 · 11.19
Debt ≤ 1 year
€106k▲
2022 · €84k
Debt > 1 year
€69k
Staff costs
€148k▲
2022 · €72k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 55 lines
Balance sheet
Code20222023
Assets
Total assets20/58€193k€272k▲
Fixed assets21/28€86k€195k▲
Tangible fixed assets22/27€51k€161k▲
Land and buildings22€40k€76k▲
Plant, machinery and equipment23€2k€19k▲
Furniture and vehicles24€9k€66k▲
Financial fixed assets28€34k€34k=
Current assets29/58€107k€77k▼
Stocks and contracts in progress3€6k€6k=
Stocks30/36€6k€6k=
Amounts receivable within one year40/41€74k€64k▼
Trade receivables40€23k€12k▼
Other amounts receivable41€51k€52k▲
Cash at bank and in hand54/58€28k€5k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€193k€272k▲
Equity10/15€109k€98k▼
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Reserves13€39k€37k▼
Non-distributable reserves130/1€2k-
Legal reserve130€2k-
Distributable reserves133€37k€37k=
Profit (loss) carried forward14€51k€42k▼
Amounts payable17/49€84k€174k▲
Amounts payable after more than one year17-€69k
Financial debts170/4-€69k
Amounts payable within one year42/48€84k€106k▲
Current portion of amounts payable after more than one year42-€24k
Trade debts44€24k€35k▲
Suppliers440/4€24k€35k▲
Taxes, remuneration and social security45€46k€29k▼
Taxes450/3€26k€22k▼
Remuneration and social security454/9€20k€7k▼
Other amounts payable47/48€14k€18k▲
Income statement
Code20222023
Remuneration, social security and pensions62€72k€148k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€33k▲
Other operating charges640/8€3k€7k▲
Non-recurring operating charges66A-€4k
Gross operating margin9900€98k€186k▲
Operating profit (loss)9901€10k€-5k▼
Financial income75/76B-€932
Recurring financial income75-€932
Non-recurring financial income76B-€932
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€3k▲
Non-recurring financial charges66B€433€3k▲
Profit (loss) for the period before taxes9903€8k€-10k▼
Profit (loss) for the period9904€8k€-10k▼
Profit (loss) for the period to be appropriated9905€8k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€42k▼
Profit (loss) brought forward from the previous period14P€51k€51k=
Transfer to equity691/2€8k-
To other reserves6921€8k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL SILVER MOVING PLACE DE LA DUCHESSE DE BRABANT 1, 1080 MOLENBEEK-SAINT-JEAN · event 07-04-2025
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 96 days late
2023
31-12
Financial
Weakest financial yearnet €-10k ▼223%
Net result drops to €-10k, the lowest in the series.
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 218 days late
2021
31-12
Financial
Equity above €100kEq €101k ▲32%
3 profitable years in a row build equity to €101k.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Highest result since 2019net €36k ▲63.3%
Operating result €36k, net result €36k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.51
Current ratio from 1.26 to 2.51; short-term debt falls from €33k to €33k.
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 152 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
2 establishment units since 2019
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.
Ground area
680 m²
Building footprint
260 m²
Volume, LiDAR
2,486 m³
2 parcels, Brussels, Wallonia · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Silver moving
since 20192.299.256.821
OLIVIANA
since 20232.345.394.672
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52063C0220/00X002 | Wallonia | 394 m² | 1 · 65 m² | - |
| 21523B0939/00B098 | Brussels | 285 m² | 1 · 195 m² | 17.4 m · 5 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YSABELLE ENSCH AVENUE LOUISE 349 B 17,
1050 IXELLES |
07-04-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-03-2019
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:lachhab.abdel@gmail.com
Phone:+32489686861