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SILVER SQUARE

Active
Private limited companyfounded 198640 yrs activeQuatre Brasstraat 6, 1000 Brussel, BelgiumKBO/BCE: BE 0428.645.671
Summary

SILVER SQUARE has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.2m and a net result of -€59,628. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 64% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability26▼-36
Solvency74▼-19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200,000 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 8.41 in 2024; short-term debt: 39.7% of total assets), and 51.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 40 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
48.7%
Return on assets
-0.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 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 · 10 filings
Deviation from the deadline
2025
47 d late
2024
70 d late
2023
61 d late
2022
31 d late
2021
29 d late
2020
31 d late
2019
26 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 42 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
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

SILVER SQUARE was incorporated on 14 March 1986.1 Total assets rose from EUR 1.6 million in 2018 to EUR 6.5 million in 2025 and headcount from 20.2 to 1 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€59,628
2024 · €192,934
Working capital
€409,016▼ 80.8%
2024 · €2.1m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€73,056▲ 30.5%-€214,365▼ 193%-€239,560▼ 11.8%€258,562€67,881▼ 73.7%
Net result-€73,841below the sector's middle half▲ 30.3%-€226,306below the sector's middle half▼ 206%-€277,183below the sector's middle half▼ 22.5%€192,934above the sector's middle half-€59,628below the sector's middle half
Equity€6.2mabove the sector's middle half▼ 1.2%€6.0mabove the sector's middle half▼ 3.6%€5.7mabove the sector's middle half▼ 4.6%€5.9mabove the sector's middle half▲ 3.4%€3.2mabove the sector's middle half▼ 46.6%
Total assets€6.8mabove the sector's middle half▼ 0.1%€8.4mabove the sector's middle half▲ 24.2%€8.4mabove the sector's middle half▼ 0.1%€8.7mabove the sector's middle half▲ 3.5%€6.5mabove the sector's middle half▼ 25.3%
Debt€527,551▲ 14.0%€2.3m▲ 336%€2.4m▲ 3.9%€2.5m▲ 4.1%€2.8m▲ 13.1%
Working capital€26,091▼ 72.3%€1.9m▲ 7,201%€1.9m▼ 1.7%€2.1m▲ 13.7%€409,016▼ 80.8%
Solvency92.2%above the sector's middle half▼ 1.0pp71.5%above the sector's middle half▼ 20.7pp68.3%above the sector's middle half▼ 3.2pp68.2%above the sector's middle half▼ 0.1pp48.7%within the sector's middle half▼ 19.5pp
Staff (FTE)0.71▲ 42.9%
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€400,000-€200,000€0€200,000Operating result 2021: -€73,056-€73,056Net result 2021: -€73,841-€73,841Operating result 2022: -€214,365-€214,365Net result 2022: -€226,306-€226,306Operating result 2023: -€239,560-€239,560Net result 2023: -€277,183-€277,183Operating result 2024: €258,562€258,562Net result 2024: €192,934€192,934Operating result 2025: €67,881€67,881Net result 2025: -€59,628-€59,62820212022202320242025-€400,000-€200,000€0€200,000Operating result 2023: -€239,560-€240,000Net result 2023: -€277,183-€277,000Operating result 2024: €258,562€259,000Net result 2024: €192,934€193,000Operating result 2025: €67,881€67,900Net result 2025: -€59,628-€59,600202320242025
The operating result falls in 2025; 2025 is 74% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.5m
Fixed assets €3.5m ▼ 44.1%
Current assets €3.0m ▲ 23.4%
Equity and liabilities €6.5m
Equity €3.2m ▼ 46.6%
Provisions €510,924 ▲ 89.7%
Debt €2.8m ▲ 13.1%
Debt's share of the balance-sheet total rises from 28.7% to 43.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€127,614▼
2024 · €322,526
Cash flow
€105▼
2024 · €256,898
Current ratio
1.16▼
2024 · 8.41
Debt to equity
0.89▲
2024 · 0.42
ROE
-1.9%▼
2024 · 3.3%
ROA
-0.9%▼
2024 · 2.2%
Interest coverage
0.98▼
2024 · 4.91
Debt ≤ 1 year
€2.6m▲
2024 · €287,378
Debt > 1 year
€200,000▼
2024 · €2.2m
Staff costs
€21,737▲
2024 · €13,029
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

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 12,304 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 · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€8.7m€6.5m▼
Fixed assets21/28€6.3m€3.5m▼
Tangible fixed assets22/27€6.3m€3.5m▼
Land and buildings22€6.3m€3.5m▼
Current assets29/58€2.4m€3.0m▲
Amounts receivable after more than one year29€1.7m€1.7m=
Other amounts receivable291€1.7m€1.7m=
Amounts receivable within one year40/41€734,674€1.3m▲
Trade receivables40€29,226-
Other amounts receivable41€705,448€1.3m▲
Equity and liabilities
Total equity and liabilities10/49€8.7m€6.5m▼
Equity10/15€5.9m€3.2m▼
Contributions10/11€24,789€24,789=
Revaluation surpluses12€5.5m€2.8m▼
Reserves13€282,705€282,705=
Non-distributable reserves130/1€2,479€2,479=
Reserves not available under the articles1311€2,479€2,479=
Distributable reserves133€280,227€280,227=
Profit (loss) carried forward14€110,954€51,326▼
Provisions and deferred taxes16€269,395€510,924▲
Provisions for liabilities and charges160/5€269,395€510,924▲
Environmental obligations163€269,395€510,924▲
Amounts payable17/49€2.5m€2.8m▲
Amounts payable after more than one year17€2.2m€200,000▼
Financial debts170/4€2.0m-
Other amounts payable178/9€200,000€200,000=
Amounts payable within one year42/48€287,378€2.6m▲
Current portion of amounts payable after more than one year42-€2.1m
Trade debts44€276,773€446,569▲
Suppliers440/4€276,773€446,569▲
Taxes, remuneration and social security45€9,645€18,763▲
Taxes450/3€143€374▲
Remuneration and social security454/9€9,502€18,389▲
Other amounts payable47/48€960€960=
Accrued charges and deferred income492/3-€37,500
Income statement Code20242025
Remuneration, social security and pensions62€13,029€21,737▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63,964€59,733▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€241,529
Other operating charges640/8€80,038€165,531▲
Gross operating margin9900€415,592€556,411▲
Operating profit (loss)9901€258,562€67,881▼
Financial income75/76B-€2,440
Recurring financial income75-€2,440
Financial charges65/66B€65,628€129,949▲
Recurring financial charges65€65,628€129,949▲
Profit (loss) for the period before taxes9903€192,934-€59,628▼
Profit (loss) for the period9904€192,934-€59,628▼
Profit (loss) for the period to be appropriated9905€192,934-€59,628▼
Appropriation of the result
Profit (loss) to be appropriated9906€110,954€51,326▼
Profit (loss) brought forward from the previous period14P-€81,980€110,954▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62---€13,029€21,737▲ 66.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61,845€70,537€64,064€63,964€59,733▼ 6.6%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€92,093€177,302-€241,529-
Other operating charges640/8€71,033€72,550€91,443€80,038€165,531▲ 107%
Non-recurring operating charges66A€363-€42,810---
Gross operating margin9900€60,185€20,814€136,059€415,592€556,411▲ 33.9%
Operating profit (loss)9901-€73,056-€214,365-€239,560€258,562€67,881▼ 73.7%
Financial income75/76B-€1,411--€2,440-
Recurring financial income75-€1,411--€2,440-
Financial charges65/66B€784€830€37,623€65,628€129,949▲ 98.0%
Recurring financial charges65€784€830€37,623€65,628€129,949▲ 98.0%
Profit (loss) for the period before taxes9903-€73,841-€213,785-€277,183€192,934-€59,628▼ 131%
Income taxes67/77-€12,521----
Profit (loss) for the period9904-€73,841-€226,306-€277,183€192,934-€59,628▼ 131%
Profit (loss) for the period to be appropriated9905-€73,841-€226,306-€277,183€192,934-€59,628▼ 131%
Line20212022202320242025Change
Assets
Total assets20/58€6.8m€8.4m€8.4m€8.7m€6.5m▼ 25.3%
Fixed assets21/28€6.4m€6.4m€6.3m€6.3m€3.5m▼ 44.1%
Tangible fixed assets22/27€6.4m€6.4m€6.3m€6.3m€3.5m▼ 44.1%
Land and buildings22€6.4m€6.4m€6.3m€6.3m€3.5m▼ 44.1%
Current assets29/58€353,642€2.0m€2.1m€2.4m€3.0m▲ 23.4%
Amounts receivable after more than one year29-€1.7m€1.7m€1.7m€1.7m=
Other amounts receivable291-€1.7m€1.7m€1.7m€1.7m=
Amounts receivable within one year40/41€351,376€320,130€378,981€734,674€1.3m▲ 77.1%
Trade receivables40€30,215€42,810€378,981€29,226--
Other amounts receivable41€321,161€277,320-€705,448€1.3m▲ 84.4%
Cash at bank and in hand54/58€2,266-----
Equity and liabilities
Total equity and liabilities10/49€6.8m€8.4m€8.4m€8.7m€6.5m▼ 25.3%
Equity10/15€6.2m€6.0m€5.7m€5.9m€3.2m▼ 46.6%
Contributions10/11€24,789€24,789€24,789€24,789€24,789=
Revaluation surpluses12€5.5m€5.5m€5.5m€5.5m€2.8m▼ 49.1%
Reserves13€282,705€282,705€282,705€282,705€282,705=
Non-distributable reserves130/1€2,479€2,479€2,479€2,479€2,479=
Reserves not available under the articles1311€2,479€2,479€2,479€2,479€2,479=
Distributable reserves133€280,227€280,227€280,227€280,227€280,227=
Profit (loss) carried forward14€421,509€195,203-€81,980€110,954€51,326▼ 53.7%
Provisions and deferred taxes16-€92,093€269,395€269,395€510,924▲ 89.7%
Provisions for liabilities and charges160/5-€92,093€269,395€269,395€510,924▲ 89.7%
Environmental obligations163-€92,093€269,395€269,395€510,924▲ 89.7%
Amounts payable17/49€527,551€2.3m€2.4m€2.5m€2.8m▲ 13.1%
Amounts payable after more than one year17€200,000€2.2m€2.2m€2.2m€200,000▼ 90.9%
Financial debts170/4-€2.0m€2.0m€2.0m--
Other amounts payable178/9€200,000€200,000€200,000€200,000€200,000=
Amounts payable within one year42/48€327,551€97,935€188,584€287,378€2.6m▲ 796%
Current portion of amounts payable after more than one year42----€2.1m-
Trade debts44€189,809€96,975€187,624€276,773€446,569▲ 61.3%
Suppliers440/4€189,809€96,975€187,624€276,773€446,569▲ 61.3%
Taxes, remuneration and social security45€136,782--€9,645€18,763▲ 94.5%
Taxes450/3€136,782--€143€374▲ 163%
Remuneration and social security454/9---€9,502€18,389▲ 93.5%
Other amounts payable47/48€960€960€960€960€960=
Accrued charges and deferred income492/3----€37,500-
Line20212022202320242025Change
Profit (loss) for the period9904-€73,841-€226,306-€277,183€192,934-€59,628▼ 131%
+ Depreciation and write-downs630€61,845€70,537€64,064€63,964€59,733▼ 6.6%
Operating cash flow (approximation)-€11,995-€155,770-€213,119€256,898€105▼ 100.0%
Investment in fixed assets (approximation)--€57,633€4,020€0€2.7m-

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
16-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 47 days late
2025
09-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
31-12
Financial Back to profitnet €192,934
Net result €192,934 after 4 loss-making years.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial Liquidity times 19current ratio 20.45
Current ratio from 1.08 to 20.45; short-term debt falls from €327,551 to €97,935.
29-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial Equity above €5mEq €6.3m ▲33.9%
Equity rises from €4.7m to €6.3m.
26-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
31-12
Financial Back to profitnet €566,011
Net result €566,011 after one loss-making year.
31-12
Financial Equity above €2mEq €4.7m ▲1,273%
Equity rises from €342,841 to €4.7m.
Show earlier events
08-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
30-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
256 m²
Building footprint
256 m²
Volume, LiDAR
5,790 m³
Parcel 21808H0972/00K000, Brussels · tallest building 26.3 m, ±8 floors. Linked by address, not a title deed.
20 companies at this address See who is registered here
1 establishment unit
SILVER SQUARE
Quatre Brasstraat 6, 1000 BrusselReal estate activities
since 20192.357.869.268
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21808H0972/00K000 Brussels 256 m² 1 · 256 m² 26.2 m · 8 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. biblimmo 100%
  2. SILVER SQUARE

Highest known parent: biblimmo. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. 3,773 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
Founded14-03-1986
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
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.

What can you do?

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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.