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SILVER VICTORY

Active
Public limited companyfounded 1990active for 36 yearsAlfons Servaislei 52, 2900 Schoten, BelgiumKBO/BCE: BE 0440.355.551
Summary

The computed 12-month bankruptcy probability of SILVER VICTORY is 2.6% (moderate). The 2024 annual accounts show negative equity (-€4.2m) and a net result of -€1.3m. Equity is shrinking by about 26% per year across the filed financial years. Its solvency ranks better than 5% of 115 sector peers (NACE 50, financial year 2024). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Water transport
NACE 50100Water transport NACE 50200
#8 company by total assets in Schoten, Transport and storage sector1 site
Size
€513,484turnover 2024
Staff
4 FTE
Equity
-€4.2m
Loss
-€1.3m
Financial health
51 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.6%
Structure
Accounts 70 days overdue1 of 13 deeds read
Why 51raises riskLiquidity: current ratio 0.98, cash €53,022, halvedNegative equity -€4.2mLoss of €1.3m, the second in a row (financial year 2024)lowers riskSector: Water transport (NACE 50)Show the evidence

Checked score

Score 2024
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 38% of its sector peers (NACE 50, micro)
Financial strength · tick = 2023
Weak
Solvency 0=
equity -104.6% of total assets
Liquidity 52+44
short-term debt 3.5% · cash 1.3%
Profitability 0=
return on assets -31.8%
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (261 companies, NACE 50, micro)
Last 24 months 11-2024: 3.5% 12-2024: 3.5%● unchanged vs 11-2024 01-2025: 3.5%● unchanged vs 12-2024 02-2025: 3.6%▲ +0.1 percentage points vs 01-2025 03-2025: 3.8%▲ +0.2 percentage points vs 02-2025highest value 04-2025: 3.8%● unchanged vs 03-2025highest value 05-2025: 3.5%▼ -0.3 percentage points vs 04-2025 06-2025: 3.7%▲ +0.2 percentage points vs 05-2025 07-2025: 3.3%▼ -0.4 percentage points vs 06-2025 08-2025: 3.3%● unchanged vs 07-2025 09-2025: 3.3%● unchanged vs 08-2025 10-2025: 3.3%● unchanged vs 09-2025 11-2025: 2.4%▼ -0.9 percentage points vs 10-2025lowest value 12-2025: 2.4%● unchanged vs 11-2025lowest value 01-2026: 2.4%● unchanged vs 12-2025 02-2026: 2.5%▲ +0.1 percentage points vs 01-2026 03-2026: 2.7%▲ +0.2 percentage points vs 02-2026 04-2026: 2.7%● unchanged vs 03-2026 05-2026: 2.7%● unchanged vs 04-2026 06-2026: 2.7%● unchanged vs 05-2026 07-2026: 2.7%● unchanged vs 06-2026 08-2026: 2.7%● unchanged vs 07-2026 09-2026: 2.8%▲ +0.1 percentage points vs 08-2026 10-2026: 2.6%▼ -0.2 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.98, compared with 0.06 in 2023; short-term debt: 3.5% and cash: 1.3% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 50, micro): better than 6% on solvency, 51% on liquidity, 7% on profitability and 88% on growth.

The bankruptcy probability was computed on 09-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.98, cash €53,022, halved
NBB · annual accounts
lowers risk · Sector: Water transport (NACE 50)
KBO
raises risk · Negative equity -€4.2m
NBB · annual accounts
raises risk · Loss of €1.3m, the second in a row (financial year 2024)
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€4.2m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
35 days early
2023
26 days early
2022
5 days early
2021
40 days early
2020
32 days late
2019
48 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 4 days before the deadline; the sector median (NACE 50) for financial year 2024 is 3 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: Elisabeth Bos (director) and Charlotte…Gazette deed
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€4.2m View
  • Risk: 7 loss-making years in a rowloss financial year 2024 -€1.3m View
  • Caution: Among the weakest 5% on solvencysector median 37.3% · 115 companies -104.6% View
  • Positive: Turnover rose in 2024from €314,355 to €513,484 ▲ 63.3% View
  • Caution: Accounts not fileddeadline was 31-07-2026 70 days late View

By topic

Financials

Financial year
2024
Turnover
€513,484
Loss
-€1.3m
Solvency
-104.6%
Turnover▲ 63.3%
Net result
20182024
Go to Financials

Timeline

Events
36
Since
1992
  1. 31-12-2023Weakest financial year
  2. 26-07-2023Annual accounts filed
  3. 21-06-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Water transportNACE 50100
Founded
14-03-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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