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SILVERSQUARE BELGIUM

Active
Public limited companyfounded 2008active for 18 yearsKantersteen 47, 1000 Brussel, Belgium264 active companies are registered at this addressKBO/BCE: BE 0806.423.356

From the official registers: KBO 19 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of SILVERSQUARE BELGIUM is 2.9% (moderate). The 2025 annual accounts show negative equity (-€11.3m) and a net result of -€7.1m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1,164 sector peers (NACE 82, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.

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SILVERSQUARE BELGIUMActiveChecked score 49/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 18-09-2008 Normal situation
Legal form
Public limited company
Registered office
Kantersteen 47, 1000 Brussel
Activity
Other business support services NACE 82990and 1 other
Establishment units
11 establishment units
Financial year end
31 December
Peppol
Reachable since 17-10-2025
Company details

Who decides

Board
  • PHIREMAChair · permanent representative Philippe Berlamont
  • GAR CONSULTManaging director · permanent representative Jean-Philip Vroninks
Auditor
Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises
Shareholders
Holdings
Shares in 2 companies SILVERSQUARE LUXEMBOURG and NotABikeShop
Board & ownership

How it is doing

49 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.9%
Annual accounts 2025
Turnover
€23.7m
▲ 3.5%
Loss
€7.1m
▲ 6.9%
Equity
-€11.3m
▼ 173%
Total assets
€19.6m
▼ 12.5%
Staff
43.8 FTE
▼ 2.9%
2025 accounts 31 days early
Filed on 30-06-2026at the National Bank
Financials
Why 49raises riskLoss of €7.1m, the second in a row (financial year 2025)Negative equity -€11.3m1 change of registered office in 24 monthslowers riskSize: turnover €23.7m, 43.8 FTE, total assets €19.6mShow the evidence

Checked score

Score 2025
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 10% of its sector peers (NACE 82, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 0-7
equity -57.5% of total assets
Liquidity 15-20
short-term debt 80.5% · cash 7.3%
Profitability 0=
return on assets -36.4%
Bankruptcy probability, 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (1,120 companies, NACE 82, small)
Last 24 months 11-2024: 1.9% 12-2024: 1.9%● unchanged vs 11-2024 01-2025: 1.9%● unchanged vs 12-2024 02-2025: 1.9%● unchanged vs 01-2025 03-2025: 1.9%● unchanged vs 02-2025 04-2025: 1.9%● unchanged vs 03-2025 05-2025: 1.9%● unchanged vs 04-2025 06-2025: 2.0%▲ +0.1 percentage points vs 05-2025 07-2025: 2.1%▲ +0.1 percentage points vs 06-2025 08-2025: 1.8%▼ -0.3 percentage points vs 07-2025 09-2025: 1.8%● unchanged vs 08-2025 10-2025: 1.8%● unchanged vs 09-2025 11-2025: 1.8%● unchanged vs 10-2025 12-2025: 1.8%● unchanged vs 11-2025 01-2026: 1.8%● unchanged vs 12-2025 02-2026: 1.8%● unchanged vs 01-2026 03-2026: 1.8%● unchanged vs 02-2026 04-2026: 1.8%● unchanged vs 03-2026 05-2026: 1.7%▼ -0.1 percentage points vs 04-2026lowest value 06-2026: 2.3%▲ +0.6 percentage points vs 05-2026 07-2026: 2.9%▲ +0.6 percentage points vs 06-2026highest value 08-2026: 2.9%● unchanged vs 07-2026highest value 09-2026: 2.9%● unchanged vs 08-2026highest value 10-2026: 2.9%● unchanged vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.44, compared with 0.62 in 2024, below 1; short-term debt: 80.5% and cash: 7.3% 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 82, small): better than 1% on solvency, 9% on liquidity, 1% on profitability and 30% on growth.

The bankruptcy probability was computed on 31-10-2026 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 riskraises riskneutral
raises risk · Loss of €7.1m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€11.3m
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: turnover €23.7m, 43.8 FTE, total assets €19.6m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
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 -€11.3m
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 days early
2024
24 days early
2023
28 days early
2022
53 days early
2021
81 days early
2020
100 days early
2019
27 days 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 41 days before the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€11.3m View
  • Risk: 8 loss-making years in a rowloss financial year 2025 -€7.1m View
  • Caution: Equity fell in 2025from -€4.1m to -€11.3m ▼ 173% View
  • Caution: Among the weakest 5% on solvencysector median 44.8% · 1,164 companies -57.5% View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View
  • A director leftlatest change 31-12-2025 · 2 in office 1 left View

Documents

Annual accounts at the NBB

All 19 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about SILVERSQUARE BELGIUM

What is the company number of SILVERSQUARE BELGIUM?
0806.423.356. In Belgium the VAT number is the company number with BE in front: BE 0806.423.356.
Where is SILVERSQUARE BELGIUM based?
The registered office is at Kantersteen 47, 1000 Brussel.Company details
What does SILVERSQUARE BELGIUM do?
According to the KBO register, the main activity is other business support services (NACE 82990).
What is the legal form of SILVERSQUARE BELGIUM?
Public limited company (NV).
When was SILVERSQUARE BELGIUM founded?
On 18-09-2008.
Is SILVERSQUARE BELGIUM still active?
Yes, SILVERSQUARE BELGIUM is an active enterprise in the KBO register.
How many employees does SILVERSQUARE BELGIUM have?
On average 43.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SILVERSQUARE BELGIUM?
€23.7m in financial year 2025, according to the filed annual accounts.
Is SILVERSQUARE BELGIUM profitable?
In financial year 2025, SILVERSQUARE BELGIUM made a loss of €7.1m.
Where can I find the annual accounts of SILVERSQUARE BELGIUM?
SILVERSQUARE BELGIUM filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of SILVERSQUARE BELGIUM due?
By 31-07-2027, for financial year 2026.Timeline

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