SILVERCORE
ActiveSummary
SILVERCORE has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €267,626 and a net result of €44,680. Equity has been growing by about 12% per year since 2018. Its solvency ranks better than 95% of 21,149 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-07-2008 Normal situation
- Activity
- Computer programming NACE 62100and 2 others
- Establishment unit
- 2.172.506.822 2440 Geel, since 28-07-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €65,783
- ▲ 13.2%
- Turnover
- ≈ €150,000
- estimated
- Profit
- €44,680
- ▲ 14.8%
- Equity
- €267,626
- ▲ 11.5%
- Total assets
- €281,749
- ▲ 10.7%
Score breakdownlowers riskLiquidity: current ratio 19.56, cash €258,987Equity €267,626 (95.0% of total assets)Sector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €281,749Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 62, micro). It does better than 85% of them on solvency, 96% on liquidity, 52% on profitability and 58% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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
The company filed its last 7 accounts on average 57 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 02-06-2026 PDF all 17 filings
Every figure per financial year
The operating result for 2025 is 15% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,132 | €8,306 | €3,110 | €1,100 | €989 |
| Depreciation and write-downs of the year | €4,242 | €1,927 | €2,087 | €2,623 | €1,980 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €8,895 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,367 | €1,612 | €1,629 | €4,242 | €1,927 | €2,087 | €2,623 | €1,980 | ▼ 24.5% |
| Other operating charges640/8 | - | - | - | €858 | €761 | €493 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | €15,371 | €24,467 | €50,931 | €63,743 | €43,253 | €57,575 | €58,094 | €65,783 | ▲ 13.2% |
| Operating profit (loss)9901 | €10,616 | €20,873 | €47,310 | €58,644 | €40,565 | €54,995 | €54,966 | €63,283 | ▲ 15.1% |
| Financial income75/76B | - | - | - | €961 | €2,460 | €3,132 | €1,075 | €1,297 | ▲ 20.7% |
| Recurring financial income75 | €555 | €201 | €505 | €379 | €619 | €1,155 | €1,075 | €1,297 | ▲ 20.7% |
| Non-recurring financial income76B | - | - | - | €582 | €1,841 | €1,977 | - | - | - |
| Financial charges65/66B | - | - | - | €364 | €2,531 | €1,977 | €619 | €473 | ▼ 23.6% |
| Recurring financial charges65 | €993 | €676 | €829 | €364 | €1,271 | €1,372 | €619 | €473 | ▼ 23.6% |
| Non-recurring financial charges66B | - | - | - | - | €1,260 | €605 | - | - | - |
| Profit (loss) for the period before taxes9903 | €10,178 | €20,397 | €46,986 | €59,242 | €40,494 | €56,149 | €55,422 | €64,107 | ▲ 15.7% |
| Income taxes67/77 | €4,840 | €7,144 | €14,717 | €17,661 | €11,607 | €16,837 | €16,502 | €19,427 | ▲ 17.7% |
| Profit (loss) for the period9904 | €5,338 | €13,254 | €32,269 | €41,581 | €28,888 | €39,312 | €38,919 | €44,680 | ▲ 14.8% |
| Profit (loss) for the period to be appropriated9905 | €5,338 | €13,254 | €32,269 | €41,581 | €28,888 | €39,312 | €38,919 | €44,680 | ▲ 14.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €130,255 | €139,534 | €181,421 | €184,735 | €214,919 | €213,393 | €254,424 | €281,749 | ▲ 10.7% |
| Fixed assets21/28 | €2,460 | €2,125 | €2,238 | €7,129 | €7,403 | €8,426 | €6,903 | €5,912 | ▼ 14.4% |
| Tangible fixed assets22/27 | €2,460 | €2,125 | €2,238 | €7,129 | €7,403 | €8,426 | €6,903 | €5,912 | ▼ 14.4% |
| Land and buildings22 | - | - | - | €55 | €4,548 | €4,073 | €3,597 | €3,122 | ▼ 13.2% |
| Furniture and vehicles24 | - | - | - | €7,073 | €2,854 | €4,353 | €3,306 | €2,790 | ▼ 15.6% |
| Current assets29/58 | €127,795 | €137,409 | €179,183 | €177,606 | €207,517 | €204,967 | €247,521 | €275,837 | ▲ 11.4% |
| Amounts receivable within one year40/41 | €23,320 | €20,732 | €32,328 | €15,754 | €12,337 | €13,460 | €13,823 | €15,201 | ▲ 10.0% |
| Trade receivables40 | - | - | - | €14,287 | €8,785 | €13,460 | €13,823 | €15,201 | ▲ 10.0% |
| Other amounts receivable41 | - | - | - | €1,467 | €3,552 | - | - | - | - |
| Current investments50/53 | €7,102 | €10,409 | €13,402 | €19,915 | €11,112 | - | - | - | - |
| Cash at bank and in hand54/58 | €95,700 | €106,099 | €133,117 | €141,450 | €182,343 | €189,932 | €232,190 | €258,987 | ▲ 11.5% |
| Deferred charges and accrued income490/1 | - | - | - | €487 | €1,725 | €1,575 | €1,508 | €1,648 | ▲ 9.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €130,255 | €139,534 | €181,421 | €184,735 | €214,919 | €213,393 | €254,424 | €281,749 | ▲ 10.7% |
| Equity10/15 | €122,247 | €134,689 | €131,644 | €173,225 | €202,113 | €201,006 | €239,925 | €267,626 | ▲ 11.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €116,047 | €128,489 | €125,444 | €167,025 | €195,913 | €194,806 | €233,725 | €261,426 | ▲ 11.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €165,165 | €194,053 | €194,806 | €233,725 | €261,426 | ▲ 11.9% |
| Amounts payable17/49 | €8,008 | €4,845 | €49,776 | €11,509 | €12,806 | €12,387 | €14,499 | €14,123 | ▼ 2.6% |
| Amounts payable within one year42/48 | €8,008 | €4,827 | €49,757 | €11,465 | €12,707 | €12,366 | €14,481 | €14,102 | ▼ 2.6% |
| Trade debts44 | €335 | €445 | €6,784 | €886 | €7,987 | €2,866 | €2,842 | €2,252 | ▼ 20.8% |
| Suppliers440/4 | - | - | - | €886 | €7,987 | €2,866 | €2,842 | €2,252 | ▼ 20.8% |
| Taxes, remuneration and social security45 | - | - | - | €9,140 | €1,567 | €4,623 | €4,854 | €5,594 | ▲ 15.2% |
| Taxes450/3 | - | - | - | €9,140 | €1,567 | €4,623 | €4,854 | €5,594 | ▲ 15.2% |
| Other amounts payable47/48 | - | - | - | €1,439 | €3,152 | €4,877 | €6,785 | €6,257 | ▼ 7.8% |
| Accrued charges and deferred income492/3 | - | - | - | €44 | €100 | €21 | €18 | €21 | ▲ 16.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,338 | €13,254 | €32,269 | €41,581 | €28,888 | €39,312 | €38,919 | €44,680 | ▲ 14.8% |
| + Depreciation and write-downs630 | €1,367 | €1,612 | €1,629 | €4,242 | €1,927 | €2,087 | €2,623 | €1,980 | ▼ 24.5% |
| Operating cash flow (approximation) | €6,705 | €14,866 | €33,898 | €45,823 | €30,815 | €41,398 | €41,542 | €46,660 | ▲ 12.3% |
| Investment in fixed assets (approximation) | - | -€1,277 | -€1,743 | -€9,132 | -€2,201 | -€3,110 | -€1,100 | -€989 | ▲ 10.1% |
| Change in cash | - | €10,399 | €27,018 | €8,333 | €40,893 | €7,589 | €42,258 | €26,797 | ▼ 36.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as SILVERCORE has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of SILVERCORE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 34,693 companies, not a prediction for SILVERCORE. 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.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-06-2026 | 2026-00130990 | |
| 31-12-2024 | micro format | 02-06-2025 | 2025-00112803 | |
| 31-12-2023 | micro format | 03-06-2024 | 2024-00105130 | |
| 31-12-2022 | micro format | 30-05-2023 | 2023-00097364 | |
| 31-12-2021 | micro format | 09-06-2022 | 2022-20052957 | |
| 31-12-2020 | micro format | 07-06-2021 | 2021-17700440 | |
| 31-12-2019 | micro format | 08-06-2020 | 2020-15400505 | |
| 31-12-2018 | micro format | 05-06-2019 | 2019-16100011 | |
| 31-12-2017 | micro format | 13-07-2018 | 2018-33000518 | |
| 31-12-2016 | micro format | 04-08-2017 | 2017-41000532 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 24-07-2023 Converted to unavailable equity
Network & group
SILVERCORE shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of SILVERCORE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-07
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousLegal form clause · Capital conversion · Net-asset statement12 points ▸
- General meeting, 18-07-2023
- Legal form clause, “overgangsbepalingen bij het Wetboek van vennootschappen en verenigingen, Besloten Vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Net-asset statement, EUR, “bestuursorgaan” (deed in Dutch)
- Other provision, “vrijstelling volstortingsplicht”, 12400 (deed in Dutch)
- Reserve release, “statutair onbeschikbare eigen vermogensrekening, middelen beschikbaar voor uitkering” (deed in Dutch)
- Amendment of the articles
- Capital
- Other provision, “gecoördineerde tekst statuten, gecoördineerde tekst” (deed in Dutch)
- Registered office clause, “2440 Geel,Technische Schoolstraat 20C” (deed in Dutch)
- Board composition, Jimmy Welkenhuysen (director (not named in the articles))
- Other provision, “eenhoofdigheid, eenhoofdig” (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
8 activities
- 1) het ontwikkelen,de programmatie,uitbreiding,aanpassing,implementatie en commercialisatie van software in de meest uitgebreide betekenis.
- 2) Groot en kleinhandel,import en export,handelsbemiddeling,van soft- en hardware,computers,printers,netwerken,electrische en electronische toestellen en van alle andere goederen beschikbaar op de markt.
- 3) Opleiding en training omtrent IT,programmatie,installatie en implementatie van soft—en hardware,netwerken,automatisaties en robotica.
- 4) Het uitvoeren van electriciteitswerken in gebouwen,robotica,electronica,leggen van kabels en aansluitingen,dit alles in haar meest ruime betekenis.
- 5) het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse bestaande of nog op te richten vennootschappen;
- 6) het beheer van een onroerend vermogen en de huurfinanciering van onroerende goederen aan derden,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit doel in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen,zoals het onderhoud,de ontwikkeling,de verfraaiing en de verhuring van deze goederen,alsmede zich borgstellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen.
- 7) Studie- en raadgever bureel inzake alle studies met betrekking tot projectontwikkeling en verkavelingen,en alle werken in de bouw in de meest ruimste zin van het woord; het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend en onroerend vermogen,alle studiën en operaties met betrekking tot alle onroerende goederen en rechten,welke daaruit voortvloeien zoals de aankoop,de bouw,de verbouwing,de aanpassing,de huur en onderhuur,de rechtstreekse uitbating of in regie,de ruiling,de verkoop,de verkaveling,de projectontwikkeling en,in het algemeen,alle operaties die rechtstreeks of onrechtstreeks betrekking bebben op het beheer of op het productief maken,voor zichzelf of voor anderen van alle bebouwde en onbebouwde onroerende eigendommen;
- 8) de aan- en verkoop,in- en uitvoer zowel in groot- als in kleinhandel,als tussenpersoon,commissionair,consignataris of vertegenwoordiger,evenals de huur en verhuur van om het even welke goederen,waren en producten in de handel.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13376G0853/00P005 | Flanders | 1,220 m² | 1 · 392 m² | 13.8 m · 3 |