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SILVERLINING

Active
Public limited companyfounded 200224 yrs activeAvenue Jean XXIII 3, 1330 Rixensart, BelgiumKBO/BCE: BE 0477.412.224
Summary

SILVERLINING has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€122,093) and a net result of -€10,437. Equity is shrinking by ~7.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability59▼-2
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 190.9% and cash: 0% of total assets), and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2025
Solvency, return and age of the figures
Solvency
-90.9%
Return on assets
-7.8%
Age of the figures
9 mo
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 24 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€122,093
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-05-2026, 69 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
69 d early
2024
15 d early
2023
29 d early
2022
on the day
2021
29 d late
2020
13 d late
2019
11 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 9 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 16 July (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 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

SILVERLINING was incorporated on 24 April 2002.1 Total assets went from EUR 142,647 in 2018 to EUR 134,363 in 2025.2

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

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Financials · fiscal year 2025, micro schema

Equity
-€122,093▼ 9.3%
2024 · -€111,656
Total assets
€134,363▼ 7.7%
2024 · €145,546
Net result
-€10,437▼ 21.7%
2024 · -€8,577
Working capital
-€256,434▲ 0.1%
2024 · -€256,762
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€6,145▼ 33.5%-€6,436▼ 4.7%-€8,731▼ 35.7%-€8,526▲ 2.3%-€10,383▼ 21.8%
Net result-€6,145▼ 30.8%-€6,532▼ 6.3%-€8,731▼ 33.7%-€8,577▲ 1.8%-€10,437▼ 21.7%
Equity-€87,817▼ 7.5%-€94,349▼ 7.4%-€103,079▼ 9.3%-€111,656▼ 8.3%-€122,093▼ 9.3%
Total assets€130,277▼ 5.4%€135,348▲ 3.9%€144,399▲ 6.7%€145,546▲ 0.8%€134,363▼ 7.7%
Debt€218,094▼ 0.6%€229,697▲ 5.3%€247,479▲ 7.7%€257,202▲ 3.9%€256,457▼ 0.3%
Working capital-€217,716▲ 0.7%-€229,576▼ 5.4%-€247,252▼ 7.7%-€256,762▼ 3.8%-€256,434▲ 0.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2021: -€6,145-€6,145Net result 2021: -€6,145-€6,145Operating result 2022: -€6,436-€6,436Net result 2022: -€6,532-€6,532Operating result 2023: -€8,731-€8,731Net result 2023: -€8,731-€8,731Operating result 2024: -€8,526-€8,526Net result 2024: -€8,577-€8,577Operating result 2025: -€10,383-€10,383Net result 2025: -€10,437-€10,43720212022202320242025-€15,000-€10,000-€5,000€0Operating result 2023: -€8,731-€8,730Net result 2023: -€8,731-€8,730Operating result 2024: -€8,526-€8,530Net result 2024: -€8,577-€8,580Operating result 2025: -€10,383-€10,400Net result 2025: -€10,437-€10,400202320242025
The operating result stays negative: a loss of €10,383 in 2025 against €8,526 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134,363
Fixed assets €134,341 ▼ 7.4%
Current assets €22 ▼ 95.0%
Key figures and ratios
2025 value · change against 2024
EBITDA
€1,882▼
2024 · €2,596
Cash flow
€1,828▼
2024 · €2,545
Solvency
-90.9%▼
2024 · -76.7%
Current ratio
0.00▼
2024 · 0.00
Debt to equity
-2.10▲
2024 · -2.30
ROA
-7.8%▼
2024 · -5.9%
Interest coverage
34.84▼
2024 · 50.90
Debt ≤ 1 year
€256,457▼
2024 · €257,202
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a small loss
2.1% went bankrupt
6.0% stopped otherwise
90% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 2,795 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 · 30 lines
Balance sheet Code20242025
Assets
Total assets20/58€145,546€134,363▼
Fixed assets21/28€145,106€134,341▼
Tangible fixed assets22/27€145,106€134,341▼
Land and buildings22€101,479€95,221▼
Other tangible fixed assets26€43,627€39,120▼
Current assets29/58€441€22▼
Amounts receivable within one year40/41€1€1=
Other amounts receivable41€1€1=
Cash at bank and in hand54/58€440€21▼
Equity and liabilities
Total equity and liabilities10/49€145,546€134,363▼
Equity10/15-€111,656-€122,093▼
Contributions10/11€62,500€62,500=
Capital10€62,500€62,500=
Issued capital100€62,500€62,500=
Profit (loss) carried forward14-€174,156-€184,593▼
Amounts payable17/49€257,202€256,457▼
Amounts payable within one year42/48€257,202€256,457▼
Trade debts44-€400
Suppliers440/4-€400
Other amounts payable47/48€257,202€256,057▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,122€12,265▲
Gross operating margin9900€2,596€1,882▼
Operating profit (loss)9901-€8,526-€10,383▼
Financial charges65/66B€51€54▲
Recurring financial charges65€51€54▲
Profit (loss) for the period before taxes9903-€8,577-€10,437▼
Profit (loss) for the period9904-€8,577-€10,437▼
Profit (loss) for the period to be appropriated9905-€8,577-€10,437▼
Appropriation of the result
Profit (loss) to be appropriated9906-€174,156-€184,593▼
Profit (loss) brought forward from the previous period14P-€165,579-€174,156▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,675€9,120€10,066€11,122€12,265▲ 10.3%
Gross operating margin9900€1,530€2,684€1,335€2,596€1,882▼ 27.5%
Operating profit (loss)9901-€6,145-€6,436-€8,731-€8,526-€10,383▼ 21.8%
Financial charges65/66B-€96-€51€54▲ 5.9%
Recurring financial charges65-€96-€51€54▲ 5.9%
Profit (loss) for the period before taxes9903-€6,145-€6,532-€8,731-€8,577-€10,437▼ 21.7%
Profit (loss) for the period9904-€6,145-€6,532-€8,731-€8,577-€10,437▼ 21.7%
Profit (loss) for the period to be appropriated9905-€6,145-€6,532-€8,731-€8,577-€10,437▼ 21.7%
Line20212022202320242025Change
Assets
Total assets20/58€130,277€135,348€144,399€145,546€134,363▼ 7.7%
Fixed assets21/28€129,899€135,227€144,173€145,106€134,341▼ 7.4%
Tangible fixed assets22/27€129,899€135,227€144,173€145,106€134,341▼ 7.4%
Land and buildings22€120,253€113,995€107,737€101,479€95,221▼ 6.2%
Other tangible fixed assets26€9,646€21,232€36,436€43,627€39,120▼ 10.3%
Current assets29/58€378€121€226€441€22▼ 95.0%
Amounts receivable within one year40/41€1€1€1€1€1=
Other amounts receivable41€1€1€1€1€1=
Cash at bank and in hand54/58€377€120€226€440€21▼ 95.1%
Equity and liabilities
Total equity and liabilities10/49€130,277€135,348€144,399€145,546€134,363▼ 7.7%
Equity10/15-€87,817-€94,349-€103,079-€111,656-€122,093▼ 9.3%
Contributions10/11€62,500€62,500€62,500€62,500€62,500=
Capital10€62,500€62,500€62,500€62,500€62,500=
Issued capital100€62,500€62,500€62,500€62,500€62,500=
Profit (loss) carried forward14-€150,317-€156,849-€165,579-€174,156-€184,593▼ 6.0%
Amounts payable17/49€218,094€229,697€247,479€257,202€256,457▼ 0.3%
Amounts payable within one year42/48€218,094€229,697€247,479€257,202€256,457▼ 0.3%
Trade debts44----€400-
Suppliers440/4----€400-
Other amounts payable47/48€218,094€229,697€247,479€257,202€256,057▼ 0.4%
Line20212022202320242025Change
Profit (loss) for the period9904-€6,145-€6,532-€8,731-€8,577-€10,437▼ 21.7%
+ Depreciation and write-downs630€7,675€9,120€10,066€11,122€12,265▲ 10.3%
Operating cash flow (approximation)€1,530€2,588€1,335€2,545€1,828▼ 28.2%
Investment in fixed assets (approximation)--€14,448-€19,012-€12,054-€1,500▲ 87.6%
Change in cash--€257€105€214-€418▼ 295%

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
23-05
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€10,437
Net result drops to -€10,437, the lowest in the series.
16-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
13-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
11-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
22-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
07-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
26-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 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
Registered office, Rixensart
exact location from the address register On OpenStreetMap
Ground area
952 m²
Building footprint
138 m²
Volume, LiDAR
764 m³
Parcel 25091C0003/00X000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25091C0003/00X000 Wallonia 952 m² 1 · 138 m² 7.9 m · 2 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.

Identification & contact

Identification
Legal formPublic limited company
Founded24-04-2002
Fiscal year end31-12
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?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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