From the official registers: KBO 20 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
SYLVA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.7m and a net result of €1.1m, of which €2.0m non-recurring income. Equity remains stable across the filed financial years (±2.4% per year). Its solvency ranks better than 17% of 608 sector peers (NACE 66, financial year 2025). The association has been active since 1936 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
In the rankings
#1 oldest company in East Flanders, Auxiliary financial services sector#9 company by total assets in East Flanders, Auxiliary financial services sector
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 13-07-2026
- Format
- full format
- Reference
- 2026-00296362
Equity
€3.7m▲ 41.7%
2024 · €2.6m
Net result
€1.1m
2024 · -€843,629
Total assets
€39.8m▲ 3.8%
2024 · €38.4m
Solvency
9.2%▲ 2.5pp
2024 · 6.8%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €1.1m after a loss of €794,400 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€1.1m
2025
Net result€1.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€39.8m
2025
Equity€3.7m
2025
Debt€36.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€10.4m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)2.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency9.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.11
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.3m-€0.05m-€0.3m-€0.2m▲ 41.2%€0.5m€0.2m▼ 53.0%-€0.8m€1.1m
Net result€0.3m-€0.5m▲ 80.7%-€0.4mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 34.7%€0.4mabove the sector's middle half€0.2mwithin the sector's middle half▼ 59.6%-€0.8mbelow the sector's middle half€1.1mabove the sector's middle half
Equity€3.0m-€3.5m▲ 17.6%€3.1mabove the sector's middle half▼ 10.9%€2.9mabove the sector's middle half▼ 8.0%€3.3mabove the sector's middle half▲ 13.9%€3.4mabove the sector's middle half▲ 4.9%€2.6mabove the sector's middle half▼ 24.5%€3.7mabove the sector's middle half▲ 41.7%
Total assets€34.0m-€32.0m▼ 6.0%€32.5mabove the sector's middle half▲ 1.5%€34.0mabove the sector's middle half▲ 4.6%€37.3mabove the sector's middle half▲ 9.6%€37.9mabove the sector's middle half▲ 1.6%€38.4mabove the sector's middle half▲ 1.4%€39.8mabove the sector's middle half▲ 3.8%
Debt€31.1m-€28.5m▼ 8.2%€29.4m▲ 3.1%€31.1m▲ 5.9%€34.0m▲ 9.2%€34.4m▲ 1.3%€35.8m▲ 4.0%€36.2m▲ 1.0%
Working capital-€1.3m-€0.3m-€1.0mbelow the sector's middle half-€2.8mbelow the sector's middle half▼ 175%-€6.4mbelow the sector's middle half▼ 130%-€7.2mbelow the sector's middle half▼ 11.8%-€9.7mbelow the sector's middle half▼ 34.8%-€10.4mbelow the sector's middle half▼ 7.4%
Solvency8.8%-10.9%▲ 2.2pp9.6%below the sector's middle half▼ 1.3pp8.5%below the sector's middle half▼ 1.2pp8.8%below the sector's middle half▲ 0.3pp9.1%below the sector's middle half▲ 0.3pp6.8%below the sector's middle half▼ 2.3pp9.2%below the sector's middle half▲ 2.5pp
Current ratio0.46-1.38▲ 0.920.41below the sector's middle half▼ 0.970.32below the sector's middle half▼ 0.090.16below the sector's middle half▼ 0.160.18below the sector's middle half▲ 0.020.10below the sector's middle half▼ 0.080.11below the sector's middle half▲ 0.02
Return on assets (ROA)0.9%-1.6%▲ 0.8pp-1.2%below the sector's middle half▼ 2.8pp-0.7%below the sector's middle half▲ 0.4pp1.1%below the sector's middle half▲ 1.8pp0.4%below the sector's middle half▼ 0.6pp-2.2%below the sector's middle half▼ 2.6pp2.7%within the sector's middle half▲ 4.9pp
Staff (FTE)1-1=1below the sector's middle half=1below the sector's middle half=0.9below the sector's middle half▼ 10.0%0.8below the sector's middle half▼ 11.1%0.9below the sector's middle half▲ 12.5%1below the sector's middle half▲ 11.1%
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39.8m
Fixed assets
€38.5m ▲ 3.1%
Current assets
€1.3m ▲ 28.3%
Equity and liabilities €39.8m
Equity
€3.7m ▲ 41.7%
Debt
€36.2m ▲ 1.0%
Debt's share of the balance-sheet total falls from 93.2% to 90.8%. Equity and debt are higher.
Key figures and ratios
ROE
29.4%▲
2024 · -32.5%
Debt ≤ 1 year
€11.7m▲
2024 · €10.7m
Debt > 1 year
€24.4m▼
2024 · €25.1m
Staff costs
€90,558▲
2024 · €79,538
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 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.2m | €0.8m | €0.8m | €0.02m | €2.0m | ▲ 128× |
| Remuneration, social security and pensions62 | - | - | - | €0.02m | €0.07m | €0.07m | €0.08m | €0.09m | ▲ 13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.7m | €1.5m | €1.7m | €1.7m | €1.8m | €2.2m | €2.4m | €2.6m | ▲ 8.6% |
| Other operating charges640/8 | - | - | - | €0.4m | €0.4m | €0.5m | €0.6m | €0.6m | ▼ 4.6% |
| Non-recurring operating charges66A | - | - | - | €0.2m | €0.009m | €0.009m | €290 | €0.1m | ▲ 353× |
| Gross operating margin9900 | €1.9m | €1.9m | €2.0m | €2.1m | €2.8m | €2.9m | €2.3m | €4.5m | ▲ 97.5% |
| Operating profit (loss)9901 | -€0.3m | €0.05m | -€0.3m | -€0.2m | €0.5m | €0.2m | -€0.8m | €1.1m | - |
| Financial income75/76B | - | - | - | - | - | €18 | €5 | €18 | ▲ 236% |
| Recurring financial income75 | €0 | €5 | - | - | - | €18 | €5 | €18 | ▲ 236% |
| Financial charges65/66B | - | - | - | €0.07m | €0.07m | €0.06m | €0.05m | €0.04m | ▼ 18.6% |
| Recurring financial charges65 | €0.2m | €0.1m | €0.08m | €0.07m | €0.07m | €0.06m | €0.05m | €0.04m | ▼ 18.6% |
| Profit (loss) for the period before taxes9903 | -€0.6m | -€0.06m | -€0.4m | -€0.2m | €0.4m | €0.2m | -€0.8m | €1.1m | - |
| Profit (loss) for the period9904 | €0.3m | €0.5m | -€0.4m | -€0.2m | €0.4m | €0.2m | -€0.8m | €1.1m | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.5m | -€0.4m | -€0.2m | €0.4m | €0.2m | -€0.8m | €1.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €34.0m | €32.0m | €32.5m | €34.0m | €37.3m | €37.9m | €38.4m | €39.8m | ▲ 3.8% |
| Fixed assets21/28 | €33.0m | €31.0m | €31.8m | €32.7m | €36.1m | €36.3m | €37.3m | €38.5m | ▲ 3.1% |
| Tangible fixed assets22/27 | €32.8m | €30.8m | €31.7m | €32.5m | €35.9m | €36.2m | €37.1m | €38.2m | ▲ 2.9% |
| Land and buildings22 | - | - | - | €28.0m | €27.8m | €32.5m | €31.8m | €34.0m | ▲ 7.0% |
| Plant, machinery and equipment23 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 55.9% |
| Furniture and vehicles24 | - | - | - | €2.0m | €2.1m | €2.9m | €3.6m | €3.7m | ▲ 1.8% |
| Assets under construction and advance payments27 | - | - | - | €2.3m | €5.8m | €0.6m | €1.6m | €0.3m | ▼ 80.6% |
| Financial fixed assets28 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 28.6% |
| Current assets29/58 | €1.1m | €1.0m | €0.7m | €1.3m | €1.2m | €1.5m | €1.0m | €1.3m | ▲ 28.3% |
| Stocks and contracts in progress3 | - | - | - | €0.006m | €0.005m | - | €0.003m | €0.003m | = |
| Stocks30/36 | - | - | - | €0.006m | €0.005m | - | €0.003m | €0.003m | = |
| Amounts receivable within one year40/41 | €0.7m | €0.8m | €0.6m | €0.9m | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 7.9% |
| Trade receivables40 | - | - | - | - | €0.05m | - | - | €0.02m | - |
| Other amounts receivable41 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 6.3% |
| Current investments50/53 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Cash at bank and in hand54/58 | €0.4m | €0.2m | €0.07m | €0.4m | €0.2m | €0.6m | €0.01m | €0.2m | ▲ 18× |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.01m | €0.003m | €0.05m | €0.1m | ▲ 121% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €34.0m | €32.0m | €32.5m | €34.0m | €37.3m | €37.9m | €38.4m | €39.8m | ▲ 3.8% |
| Equity10/15 | €3.0m | €3.5m | €3.1m | €2.9m | €3.3m | €3.4m | €2.6m | €3.7m | ▲ 41.7% |
| Contributions10/11 | - | - | - | - | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Capital10 | - | - | - | - | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Profit (loss) carried forward14 | €1.5m | €2.0m | €1.6m | €1.4m | €1.8m | €1.9m | €1.1m | €2.2m | ▲ 97.7% |
| Amounts payable17/49 | €31.1m | €28.5m | €29.4m | €31.1m | €34.0m | €34.4m | €35.8m | €36.2m | ▲ 1.0% |
| Amounts payable after more than one year17 | €28.7m | €27.8m | €27.7m | €27.0m | €26.4m | €25.7m | €25.1m | €24.4m | ▼ 2.6% |
| Financial debts170/4 | - | - | - | €4.4m | €3.7m | €3.1m | €2.5m | €1.8m | ▼ 26.2% |
| Other amounts payable178/9 | - | - | - | €22.6m | €22.6m | €22.6m | €22.6m | €22.6m | = |
| Amounts payable within one year42/48 | €2.4m | €0.8m | €1.7m | €4.1m | €7.6m | €8.7m | €10.7m | €11.7m | ▲ 9.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.6m | €0.6m | €0.8m | €0.6m | €0.6m | = |
| Trade debts44 | €0.1m | €0.09m | €1.1m | €0.09m | €0.1m | €0.03m | €0.04m | €0.09m | ▲ 106% |
| Suppliers440/4 | - | - | - | €0.09m | €0.1m | €0.03m | €0.04m | €0.09m | ▲ 106% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.2m | €0.009m | €0.008m | €0.02m | ▲ 156% |
| Taxes450/3 | - | - | - | €0.1m | €0.2m | €0.003m | €0.001m | €0.01m | ▲ 586% |
| Remuneration and social security454/9 | - | - | - | €0.002m | €0.007m | €0.006m | €0.007m | €0.01m | ▲ 69.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.01m | €0.001m | €0.001m | ▲ 3.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.5m | -€0.4m | -€0.2m | €0.4m | €0.2m | -€0.8m | €1.1m | - |
| + Depreciation and write-downs630 | €1.7m | €1.5m | €1.7m | €1.7m | €1.8m | €2.2m | €2.4m | €2.6m | ▲ 8.6% |
| Operating cash flow (approximation) | €2.0m | €2.0m | €1.3m | €1.5m | €2.2m | €2.3m | €1.5m | €3.6m | ▲ 140% |
| Investment in fixed assets (approximation) | - | €0.5m | -€2.5m | -€2.6m | -€5.2m | -€2.5m | -€3.4m | -€3.7m | ▼ 10.7% |
| Change in cash | - | -€0.2m | -€0.1m | €0.3m | -€0.1m | €0.4m | -€0.6m | €0.2m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 13-07-2026 | 2026-00296362 | NBB |
| 31-12-2024 | abbreviated format | 17-07-2025 | 2025-00290498 | |
| 31-12-2023 | abbreviated format | 26-06-2024 | 2024-00204942 | |
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00210672 | |
| 31-12-2021 | abbreviated format | 04-07-2022 | 2022-20151567 | |
| 31-12-2020 | abbreviated format | 25-06-2021 | 2021-27100214 | |
| 31-12-2019 | abbreviated format | 19-06-2020 | 2020-19700421 | |
| 31-12-2018 | abbreviated format | 06-06-2019 | 2019-16700221 | |
| 31-12-2017 | abbreviated format | 25-05-2018 | 2018-14500336 | |
| 31-12-2016 | abbreviated format | 30-05-2017 | 2017-14000199 |
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Of the 1,467 active companies whose main activity is other activities auxiliary to financial services, excluding insurance and pension funding (NACE 66199), figures are known for 932. 330 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · €11,917 awarded · €11,917 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,917 | €1,917 |
| 2023 | 1 | €10,000 | €10,000 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.