SILVERTIME
ActiveSummary
SILVERTIME has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,025 and a net result of €14,191. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 1323 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 75.65 against 0.84 in 2024; short-term debt: 0.7% and cash: 8.9% of total assets), and 0.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.3%
Return on assets
40.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 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 · 6 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
30 d late
2022
29 d late
2021
31 d late
2020
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed 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 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Turnover
€63,491
EBIT margin
8.0%
Net result
€14,191▲ 189%
2024 · €4,918
Working capital
€17,984
2024 · -€963
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€63,491
Operating result-€10,331▲ 45.5%€3,054€2,841▼ 7.0%€5,051▲ 77.8%€13,961▲ 176%
Net result-€10,391within the sector's middle half▲ 46.8%€2,989within the sector's middle half€2,833within the sector's middle half▼ 5.2%€4,918within the sector's middle half▲ 73.6%€14,191within the sector's middle half▲ 189%
EBIT margin8.0%
Equity€10,095within the sector's middle half▼ 50.7%€13,084within the sector's middle half▲ 29.6%€15,917within the sector's middle half▲ 21.6%€20,834within the sector's middle half▲ 30.9%€35,025within the sector's middle half▲ 68.1%
Total assets€36,325below the sector's middle half▼ 15.9%€34,387below the sector's middle half▼ 5.3%€30,680below the sector's middle half▼ 10.8%€26,961below the sector's middle half▼ 12.1%€35,266below the sector's middle half▲ 30.8%
Debt€26,231▲ 15.4%€21,303▼ 18.8%€14,763▼ 30.7%€6,127▼ 58.5%€241▼ 96.1%
Working capital-€25,589within the sector's middle half▼ 14.8%-€18,461within the sector's middle half▲ 27.9%-€14,706within the sector's middle half▲ 20.3%-€963within the sector's middle half▲ 93.5%€17,984within the sector's middle half
Solvency27.8%within the sector's middle half▼ 19.6pp38.0%within the sector's middle half▲ 10.3pp51.9%within the sector's middle half▲ 13.8pp77.3%above the sector's middle half▲ 25.4pp99.3%above the sector's middle half▲ 22.0pp
Current ratio0.02below the sector's middle half▲ 0.010.13below the sector's middle half▲ 0.110.00below the sector's middle half▼ 0.130.84within the sector's middle half▲ 0.8475.65above the sector's middle half▲ 74.80
Return on assets (ROA)-28.6%below the sector's middle half▲ 16.6pp8.7%above the sector's middle half▲ 37.3pp9.2%above the sector's middle half▲ 0.5pp18.2%above the sector's middle half▲ 9.0pp40.2%above the sector's middle half▲ 22.0pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 176% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35,266
Fixed assets
€17,042 ▼ 21.8%
Current assets
€18,225 ▲ 253%
Equity and liabilities €35,266
Equity
€35,025 ▲ 68.1%
Debt
€241 ▼ 96.1%
Debt's share of the balance-sheet total falls from 22.7% to 0.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18,717▲
2024 · €15,029
Cash flow
€18,947▲
2024 · €14,896
Debt to equity
0.01▼
2024 · 0.29
ROE
40.5%▲
2024 · 23.6%
Interest coverage
169.51▲
2024 · 112.71
Debt ≤ 1 year
€241▼
2024 · €6,127
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €63,491 | - | - |
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €45,151 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,593 | €8,938 | €9,087 | €9,978 | €4,756 | ▼ 52.3% |
| Other operating charges640/8 | €660 | €2,274 | €2,721 | €3,365 | €2,387 | ▼ 29.1% |
| Gross operating margin9900 | -€1,079 | €14,266 | €14,649 | €18,394 | €21,104 | ▲ 14.7% |
| Operating profit (loss)9901 | -€10,331 | €3,054 | €2,841 | €5,051 | €13,961 | ▲ 176% |
| Financial income75/76B | €0 | - | - | €0 | €340 | ▲ 130,758% |
| Recurring financial income75 | €0 | - | - | €0 | €340 | ▲ 130,758% |
| Financial charges65/66B | €60 | €64 | €8 | €133 | €110 | ▼ 17.2% |
| Recurring financial charges65 | €60 | €64 | €8 | €133 | €110 | ▼ 17.2% |
| Profit (loss) for the period before taxes9903 | -€10,391 | €2,989 | €2,833 | €4,918 | €14,191 | ▲ 189% |
| Profit (loss) for the period9904 | -€10,391 | €2,989 | €2,833 | €4,918 | €14,191 | ▲ 189% |
| Profit (loss) for the period to be appropriated9905 | -€10,391 | €2,989 | €2,833 | €4,918 | €14,191 | ▲ 189% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36,325 | €34,387 | €30,680 | €26,961 | €35,266 | ▲ 30.8% |
| Formation expenses20 | €1,815 | €1,210 | €605 | €0 | - | - |
| Fixed assets21/28 | €33,868 | €30,335 | €30,017 | €21,797 | €17,042 | ▼ 21.8% |
| Tangible fixed assets22/27 | €33,868 | €30,335 | €30,017 | €21,797 | €17,042 | ▼ 21.8% |
| Land and buildings22 | - | - | €7,903 | €7,086 | €6,270 | ▼ 11.5% |
| Plant, machinery and equipment23 | €6,866 | €4,086 | €2,116 | €962 | €433 | ▼ 55.0% |
| Furniture and vehicles24 | €9,802 | €11,199 | €7,099 | €2,999 | €1,739 | ▼ 42.0% |
| Other tangible fixed assets26 | €17,200 | €15,050 | €12,900 | €10,750 | €8,600 | ▼ 20.0% |
| Current assets29/58 | €642 | €2,842 | €57 | €5,164 | €18,225 | ▲ 253% |
| Amounts receivable within one year40/41 | €347 | €1,225 | €50 | €2,035 | €15,103 | ▲ 642% |
| Trade receivables40 | - | €1,074 | €0 | €948 | €0 | ▼ 100% |
| Other amounts receivable41 | €347 | €151 | €50 | €1,087 | €15,103 | ▲ 1,289% |
| Cash at bank and in hand54/58 | €295 | €868 | €7 | €1,532 | €3,122 | ▲ 104% |
| Deferred charges and accrued income490/1 | - | €749 | €0 | €1,596 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36,325 | €34,387 | €30,680 | €26,961 | €35,266 | ▲ 30.8% |
| Equity10/15 | €10,095 | €13,084 | €15,917 | €20,834 | €35,025 | ▲ 68.1% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Profit (loss) carried forward14 | -€29,906 | -€26,916 | -€24,083 | -€19,166 | -€4,975 | ▲ 74.0% |
| Amounts payable17/49 | €26,231 | €21,303 | €14,763 | €6,127 | €241 | ▼ 96.1% |
| Amounts payable within one year42/48 | €26,231 | €21,303 | €14,763 | €6,127 | €241 | ▼ 96.1% |
| Trade debts44 | €714 | €1,614 | €1,281 | €1,459 | €212 | ▼ 85.5% |
| Suppliers440/4 | €714 | €1,614 | €1,281 | €1,459 | €212 | ▼ 85.5% |
| Taxes, remuneration and social security45 | €30 | €211 | €225 | €1,217 | €29 | ▼ 97.6% |
| Taxes450/3 | €30 | €211 | €225 | €1,217 | €29 | ▼ 97.6% |
| Other amounts payable47/48 | €25,487 | €19,478 | €13,256 | €3,451 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,391 | €2,989 | €2,833 | €4,918 | €14,191 | ▲ 189% |
| + Depreciation and write-downs630 | €8,593 | €8,938 | €9,087 | €9,978 | €4,756 | ▼ 52.3% |
| Operating cash flow (approximation) | -€1,798 | €11,927 | €11,920 | €14,896 | €18,947 | ▲ 27.2% |
| Investment in fixed assets (approximation) | - | -€5,405 | -€8,770 | -€1,759 | €0 | ▲ 100% |
| Change in cash | - | €574 | -€861 | €1,525 | €1,589 | ▲ 4.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2020net €14,191 ▲189%
Operating result €13,961, net result €14,191, both a record.
31-12
Financial
Liquidity times 90current ratio 75.65
Current ratio from 0.84 to 75.65; short-term debt falls from €6,127 to €241.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €2,989
Net result €2,989 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brugge · 1 establishment unit since 2019
Ground area
419 m²
Building footprint
281 m²
Volume, LiDAR
3,043 m³
Parcel 31804D0240/00S000, Flanders · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SILVERTIME
since 20192.298.270.686
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31804D0240/00S000 | Flanders | 419 m² | 1 · 281 m² | 14.1 m · 4 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.
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Of 1,854 companies in sector 55204 we hold annual accounts for 451. 333 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
55204Guest rooms (bed and breakfast)
55209Other holiday and short-stay accommodation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0734829735
Also
9925:BE0734829735
Registered
27-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.