SILVERSTONE II

Active

Public limited companyfounded 200224 yrs activeAmsterdamstraat 9/11, 2000 Antwerpen, BelgiumKBO/BCE: BE 0476.567.037

Summary

The computed 12-month bankruptcy probability of SILVERSTONE II is 3.5% (moderate). The 2024 annual accounts show negative equity (-€7.9m) and a net result of -€3.6m. Equity is shrinking by ~24.4% per year across the filed fiscal years. The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

SILVERSTONE IIActiveChecked score 48/100

Risk analysis Report Compare

Activity

Activity not known1 site

Size

€18.3mtotal assets 2024

Equity: -€7.9m
Loss: -€3.6m

Turnover not published (abridged schema)

Financial health

48 Fair Checked score 2024

Bankruptcy chance 12 m: 3.5%

Structure

Parent: Holsilv · 100%
Board: 1 member

Accounts 63 d overdue1 of 15 deeds read

Why 48- 1 change of registered office in 24 months- Loss of €3.6m, the second in a row (FY 2024)- Figures for FY 2024 (filed 28-08-2025)+ Size: total assets €18.3mShow the evidence

Checked score

Score 2024

48 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 21% of its sector peers (no NACE code, medium-sized)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2023

Weak

Solvency 0-5

equity -43.2% of total assets

Liquidity 54+1

short-term debt 4.9% · cash 3.2%

Profitability 0-25

return on assets -19.4%

Bankruptcy probability, 12 months

3.5% Moderate

0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 10 months 01-2026: 0.8%lowest value 02-2026: 0.8%● 0.0% vs 01-2026lowest value 03-2026: 0.8%▲ +3.7% vs 02-2026 04-2026: 0.8%▼ -3.1% vs 03-2026 05-2026: 0.8%▲ +1.5% vs 04-2026 06-2026: 0.8%▲ +2.2% vs 05-2026 07-2026: 2.2%▲ +162% vs 06-2026 08-2026: 2.5%▲ +13.0% vs 07-2026 09-2026: 2.8%▲ +13.9% vs 08-2026 10-2026: 3.5%▲ +24.8% vs 09-2026highest value

Size: total assets €18.3m lowers the probability for this profile
1 change of registered office in 24 months raises the probability
Loss of €3.6m, the second in a row (FY 2024) raises the probability
Figures for FY 2024 (filed 28-08-2025) raises the probability

No credit on open account

Liquidity short (current ratio 0.68 against 0.49 in 2023; short-term debt: 4.9% and cash: 3.2% of total assets), and equity is negative.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, medium-sized). Better than this share of them on solvency 1%, liquidity 79%, profitability 2%, growth against the median 3%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Size: total assets €18.3m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

1 change of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

Loss of €3.6m, the second in a row (FY 2024)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Figures for FY 2024 (filed 28-08-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

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 -€7.9m

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

27 d late

2023

110 d late

2022

32 d early

2021

32 d early

2020

4 d early

2019

2 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 6 accounts on average 11 days after 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 (1)

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

15-06-26 Appointment: Papavero (director)Permanent representative: Jean-Lou van de…
27-08-25 Annual accounts filedfiscal year 2024 · abbreviated…
31-12-24 Weakest financial yearnet -€3.6m

Key points

Risk: Negative equityfiscal year 2024: debts exceed assets -€7.9m View
Risk: 7 loss-making years in a rowloss fiscal year 2024 -€3.6m View
Caution: Result fell in 2024from -€607,652 to -€3.6m ▼ 487% View
Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
Caution: Board changedlatest change 11-04-2026 · 1 in office 1 joined · 1 left View
Controlled by Holsilv 100% View