SILVERSTONE
ActiveFinancials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 31-08-2025 PDF all 30 filings
Turnover
€6.8m
EBIT margin
63.5%
Net result
-€1.2m
2023 · €38,892
Working capital
€29,583▼ 97.6%
2023 · €1.3m
Multi-year overview
2018 to 2024, 7 financial yearsTurnover
no figure
2024
20182024
Operating result
-€1,465
▲ 24.2%
2024
20182024
Net result
-€1.2m
2024
lowest quarter of the sector
20182024
EBIT margin
no figure
2024
20182024
Equity
€28,753
▼ 97.7%
2024
lowest quarter of the sector
20182024
Total assets
€153,941
▼ 88.8%
2024
lowest quarter of the sector
20182024
Debt
€125,188
▲ 2.1%
2024
20182024
Working capital
€29,583
▼ 97.6%
2024
middle half of the sector
20182024
Solvency
18.7%
▼ 72.4pp
2024
middle half of the sector
20182024
Current ratio
1.24
▼ 10.38
2024
middle half of the sector
20182024
Return on assets (ROA)
-790.7%
▼ 793.5pp
2024
lowest quarter of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€6.8m-
Operating result€4.3m--€0.01m-€0.03m▼ 196%€0.004m-€0.004m-€0.002m▲ 53.6%-€0.001m▲ 24.2%
Net result-€0.8m--€0.008m▲ 99.0%€0.03mwithin the sector's middle half-€0.5mbelow the sector's middle half€0.04mwithin the sector's middle half€0.04mwithin the sector's middle half▲ 9.2%-€1.2mbelow the sector's middle half
EBIT margin63.5%-
Equity€1.7m-€1.7m▼ 0.5%€1.7mabove the sector's middle half▲ 1.5%€1.2mwithin the sector's middle half▼ 31.0%€1.2mwithin the sector's middle half▲ 3.0%€1.2mwithin the sector's middle half▲ 3.2%€0.03mbelow the sector's middle half▼ 97.7%
Total assets€3.0m-€3.1m▲ 1.9%€3.2mwithin the sector's middle half▲ 3.4%€2.7mwithin the sector's middle half▼ 15.0%€2.8mwithin the sector's middle half▲ 3.4%€1.4mwithin the sector's middle half▼ 51.2%€0.2mbelow the sector's middle half▼ 88.8%
Debt€1.3m-€1.4m▲ 4.9%€1.5m▲ 5.5%€1.5m▲ 3.2%€1.6m▲ 3.6%€0.1m▼ 92.3%€0.1m▲ 2.1%
Working capital€1.8m-€3.0m▲ 69.2%€3.0mabove the sector's middle half▲ 2.2%€2.6mabove the sector's middle half▼ 15.6%€2.7mwithin the sector's middle half▲ 3.2%€1.3mabove the sector's middle half▼ 52.9%€0.03mwithin the sector's middle half▼ 97.6%
Solvency55.5%-54.2%▼ 1.3pp53.2%within the sector's middle half▼ 1.0pp43.2%within the sector's middle half▼ 10.0pp43.1%within the sector's middle half▼ 0.1pp91.0%above the sector's middle half▲ 48.0pp18.7%within the sector's middle half▼ 72.4pp
Current ratio2.39-29.72▲ 27.3322.23above the sector's middle half▼ 7.4919.11above the sector's middle half▼ 3.1318.61above the sector's middle half▼ 0.5011.62above the sector's middle half▼ 6.991.24within the sector's middle half▼ 10.38
Return on assets (ROA)-27.5%--0.3%▲ 27.2pp0.8%within the sector's middle half▲ 1.1pp-19.4%below the sector's middle half▼ 20.2pp1.3%within the sector's middle half▲ 20.7pp2.8%within the sector's middle half▲ 1.6pp-790.7%below the sector's middle half▼ 793.5pp
above
within
below
The sector band is the middle half of the companies in Residential care activities (NACE 87). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a loss of €1,465, smaller than the loss of €1,932 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €153,941
Equity
€28,753 ▼ 97.7%
Debt
€125,188 ▲ 2.1%
Debt's share of the balance-sheet total rises from 9.0% to 81.3%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
4.35▲
2023 · 0.10
Debt ≤ 1 year
€124,358▲
2023 · €117,802
A ratio outside any meaningful range has been withheld (balance sheet total €153,941, equity €28,753).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | €6.9m | - | - | - | - | - | - | - |
| Turnover70 | €6.8m | - | - | - | - | - | - | - |
| Non-recurring operating income76A | €0.1m | - | - | - | - | - | - | - |
| Operating charges60/66A | €2.6m | - | - | - | - | - | - | - |
| Services and other goods61 | €0.02m | - | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.6m | - | - | - | - | - | - | - |
| Other operating charges640/8 | €0.002m | €0.001m | €0.001m | €0.002m | €348 | €348 | - | - |
| Gross operating margin9900 | - | -€0.01m | -€0.03m | €0.006m | -€0.004m | -€0.002m | -€0.001m | ▲ 7.6% |
| Operating profit (loss)9901 | €4.3m | -€0.01m | -€0.03m | €0.004m | -€0.004m | -€0.002m | -€0.001m | ▲ 24.2% |
| Financial income75/76B | €0.3m | €0.1m | €0.1m | €0.09m | €0.09m | €0.09m | €0.005m | ▼ 94.7% |
| Recurring financial income75 | €0.3m | €0.09m | €0.1m | €0.09m | €0.09m | €0.09m | €0.005m | ▼ 94.7% |
| Income from current assets751 | €0.3m | - | - | - | - | - | - | - |
| Non-recurring financial income76B | - | €0.003m | - | - | - | - | - | - |
| Financial charges65/66B | €5.5m | €0.1m | €0.05m | €0.6m | €0.05m | €0.05m | €1.2m | ▲ 23× |
| Recurring financial charges65 | €5.5m | €0.09m | €0.05m | €0.6m | €0.05m | €0.05m | €1.2m | ▲ 23× |
| Debt charges650 | €5.5m | - | - | - | - | - | - | - |
| Other financial charges652/9 | €0.004m | - | - | - | - | - | - | - |
| Non-recurring financial charges66B | - | €0.008m | - | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€0.8m | -€0.008m | €0.03m | -€0.5m | €0.04m | €0.04m | -€1.2m | - |
| Income taxes67/77 | - | -€30 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€0.8m | -€0.008m | €0.03m | -€0.5m | €0.04m | €0.04m | -€1.2m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.8m | -€0.008m | €0.03m | -€0.5m | €0.04m | €0.04m | -€1.2m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.0m | €3.1m | €3.2m | €2.7m | €2.8m | €1.4m | €0.2m | ▼ 88.8% |
| Current assets29/58 | €3.0m | €3.1m | €3.2m | €2.7m | €2.8m | €1.4m | €0.2m | ▼ 88.8% |
| Amounts receivable within one year40/41 | €2.6m | €3.0m | €3.1m | €2.6m | €2.7m | €1.3m | €0.1m | ▼ 88.3% |
| Trade receivables40 | €0.005m | - | - | - | - | - | - | - |
| Other amounts receivable41 | €2.6m | €3.0m | €3.1m | €2.6m | €2.7m | €1.3m | €0.1m | ▼ 88.3% |
| Cash at bank and in hand54/58 | €0.004m | - | - | - | - | - | - | - |
| Deferred charges and accrued income490/1 | €0.5m | €0.1m | €0.1m | €0.09m | €0.09m | €0.09m | €0.005m | ▼ 94.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.0m | €3.1m | €3.2m | €2.7m | €2.8m | €1.4m | €0.2m | ▼ 88.8% |
| Equity10/15 | €1.7m | €1.7m | €1.7m | €1.2m | €1.2m | €1.2m | €0.03m | ▼ 97.7% |
| Contributions10/11 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Capital10 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Issued capital100 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Reserves13 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Non-distributable reserves130/1 | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Legal reserve130 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.3m | -€0.3m | -€0.2m | -€0.2m | -€1.4m | ▼ 647% |
| Amounts payable17/49 | €1.3m | €1.4m | €1.5m | €1.5m | €1.6m | €0.1m | €0.1m | ▲ 2.1% |
| Amounts payable after more than one year17 | - | €1.2m | €1.3m | €1.3m | €1.4m | - | - | - |
| Financial debts170/4 | - | €1.2m | €1.3m | €1.3m | €1.4m | - | - | - |
| Amounts payable within one year42/48 | €1.3m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | ▲ 5.6% |
| Trade debts44 | €0.03m | €0.04m | €0.02m | €0.004m | €348 | €0.001m | - | - |
| Suppliers440/4 | €0.03m | €0.04m | €0.02m | €0.004m | €348 | €0.001m | - | - |
| Taxes, remuneration and social security45 | €30 | - | - | - | - | - | - | - |
| Taxes450/3 | €30 | - | - | - | - | - | - | - |
| Other amounts payable47/48 | €1.2m | €0.06m | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | ▲ 6.2% |
| Accrued charges and deferred income492/3 | €0.08m | €0.09m | €0.003m | €0.05m | €0.05m | €0.005m | €0.001m | ▼ 82.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.8m | -€0.008m | €0.03m | -€0.5m | €0.04m | €0.04m | -€1.2m | - |
| + Depreciation and write-downs630 | €2.6m | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €1.7m | -€0.008m | €0.03m | -€0.5m | €0.04m | €0.04m | -€1.2m | - |
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, 1,221 companies had the same profile as SILVERSTONE has now. Two years later, 88.6% were still going and 3.8% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
88.6%
was still going
7.4%
stopped otherwise
3.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SILVERSTONE itself: 2.1% 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 1,221 companies, not a prediction for SILVERSTONE. 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 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 31-08-2025 | 2025-00486343 | |
| 31-12-2023 | full format | 31-08-2024 | 2024-00434067 | |
| 31-12-2022 | abbreviated format | 30-09-2023 | 2023-00463836 | |
| 31-12-2021 | full format | 20-11-2022 | 2022-20523069 | |
| 31-12-2020 | full format | 20-11-2022 | 2022-20522994 | |
| 31-12-2019 | full format | 20-11-2022 | 2022-20523020 | |
| 31-12-2018 | full format | 26-07-2019 | 2019-39900452 | |
| 31-12-2017 | full format | 30-07-2018 | 2018-39100222 | |
| 31-12-2016 | full format | 11-08-2017 | 2017-43500433 | |
| 30-12-2015 | unclassified schema | 24-10-2016 | 2016-66300315 |