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SILVER PACK

Active
Private limited companyfounded 20233 yrs activePriester Cuypersstraat 3, 1040 Etterbeek, BelgiumKBO/BCE: BE 0804.118.518
Summary

The computed 12-month bankruptcy probability of SILVER PACK is 3.6% (moderate). The 2024 annual accounts show equity of €26,383 and a net result of €1,383. Its solvency ranks better than 24% of 15862 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability38
Solvency30
Growth-
Track record79
Bankruptcy probability, 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.3; short-term debt: 94.8% and cash: 2% of total assets), and 94.8% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2024
Solvency, return and age of the figures
Solvency
5.2%
Return on assets
0.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 15862 sector peers (2024).
NBB · sector comparison
Position among 15862 sector peers
Solvency
better than 24%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-10-2025, 77 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2024
77 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 77 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 19 July 2023, SILVER PACK was incorporated as a Private limited company.1 HÜLYA ŞİMŞEK has served as non-statutory director of the company since 2026.2 The company has filed annual accounts once, for fiscal year 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 24-08-2026
  3. 3National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€26,383
Total assets
€509,713
Net result
€1,383
Working capital
-€337,259

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €509,713
Fixed assets €363,642
Current assets €146,071
Equity and liabilities €509,713
Equity €26,383
Debt €483,330
Debt finances 94.8% of the balance-sheet total.
Key figures and ratios
2024 value
Current ratio
0.30
Debt to equity
18.32
ROE
5.2%
ROA
0.3%
Debt ≤ 1 year
€483,330

Peer companies

Historical observation

Of the 1,513 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.1% went bankrupt
1.3% stopped otherwise
96% still going

A further 0.9% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.6% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,513 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
Filed annual accounts As filed with the NBB · 2024 · 31 lines
Balance sheet Code2024
Assets
Total assets20/58€509,713
Fixed assets21/28€363,642
Tangible fixed assets22/27€363,642
Land and buildings22€363,642
Current assets29/58€146,071
Amounts receivable within one year40/41€136,101
Trade receivables40€17,344
Other amounts receivable41€118,757
Cash at bank and in hand54/58€9,970
Equity and liabilities
Total equity and liabilities10/49€509,713
Equity10/15€26,383
Contributions10/11€25,000
Capital10€25,000
Issued capital100€25,000
Profit (loss) carried forward14€1,383
Amounts payable17/49€483,330
Amounts payable within one year42/48€483,330
Trade debts44€51,156
Suppliers440/4€51,156
Other amounts payable47/48€432,174
Income statement Code2024
Other operating charges640/8€200
Gross operating margin9900€1,791
Operating profit (loss)9901€1,591
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€210
Recurring financial charges65€210
Profit (loss) for the period before taxes9903€1,383
Profit (loss) for the period9904€1,383
Profit (loss) for the period to be appropriated9905€1,383
Appropriation of the result
Profit (loss) to be appropriated9906€1,383

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Other operating charges640/8€200
Gross operating margin9900€1,791
Operating profit (loss)9901€1,591
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€210
Recurring financial charges65€210
Profit (loss) for the period before taxes9903€1,383
Profit (loss) for the period9904€1,383
Profit (loss) for the period to be appropriated9905€1,383
Line2024
Assets
Total assets20/58€509,713
Fixed assets21/28€363,642
Tangible fixed assets22/27€363,642
Land and buildings22€363,642
Current assets29/58€146,071
Amounts receivable within one year40/41€136,101
Trade receivables40€17,344
Other amounts receivable41€118,757
Cash at bank and in hand54/58€9,970
Equity and liabilities
Total equity and liabilities10/49€509,713
Equity10/15€26,383
Contributions10/11€25,000
Capital10€25,000
Issued capital100€25,000
Profit (loss) carried forward14€1,383
Amounts payable17/49€483,330
Amounts payable within one year42/48€483,330
Trade debts44€51,156
Suppliers440/4€51,156
Other amounts payable47/48€432,174
Line2024
Profit (loss) for the period9904€1,383
Operating cash flow (approximation)€1,383

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
24-08
State Gazette act Resignation: SADIK Biçel (director)
Appointment: HÜLYA ŞİMŞEK (non-statutory director) · Power of attorney8 facts ▸
  • General meeting, 15-06-2026
  • Board composition, SADIK Biçel (director)
  • Board composition, KENAN ATEŞ (director)
  • Board composition, BARIN ERDOĞAN (director)
  • Director resignation, SADIK Biçel (director)
  • Director appointment, HÜLYA ŞİMŞEK (non-statutory director)
  • Board composition, HÜLYA ŞİMŞEK (director)
  • Power of attorney, HÜLYA ŞİMŞEK
2025
16-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 77 days late
State Gazette actNBB filing
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 director, last change in 2026
HÜLYA ŞİMŞEK
Non-statutory director · since 24-08-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Etterbeek
exact location from the address register On OpenStreetMap
Ground area
325 m²
Building footprint
129 m²
Volume, LiDAR
1,912 m³
Parcel 21005A0542/00B006, Brussels · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
334 companies at this address See who is registered here
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21005A0542/00B006 Brussels 325 m² 1 · 129 m² 17.0 m · 5 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

2 people since 2026, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
HÜLYA ŞİMŞEK
  • Non-statutory director, from 24-08-2026 to date
SADIK Biçel
  • Director, until 24-08-2026
See the board, name and seat on a given date →

Articles of association

Who signs

Structure & network

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
D CARE BELGIUM
via HÜLYA ŞİMŞEK · Non-statutory director
→

Similar companies · same sector, comparable size

Of 4,414 companies in sector 46180 we hold annual accounts for 1,887. 1,232 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
Founded19-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.