ARCTIC SILVER PROJECT MANAGEMENT
ActiveSummary
ARCTIC SILVER PROJECT MANAGEMENT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-4k) and a net result of €-9k. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 12% of 7750 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▼-62
Solvency22▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 3.0 against 5.51 in 2024; short-term debt: 29.6% and cash: 2.6% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-2.9%
Return on assets
-7.1%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-4k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
10 d early
2023
41 d early
2022
1 d early
2021
on the day
2020
2 d late
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-4k
2024 · €5k
2019: €-1.11M
2020: €-1.26M
2021: €-1.47M
2022: €-981k
2023: €2k
2024: €5k
2019 → 2025
Total assets
€123k▲ 7.9%
2024 · €114k
2019: €1.88M
2020: €1.84M
2021: €1.83M
2022: €1.88M
2023: €150k
2024: €114k
2019 → 2025
Net result
€-9k
2024 · €3k
2019: €-40k
2020: €-142k
2021: €-219k
2022: €493k
2023: €984k
2024: €3k
2019 → 2025
Working capital
€73k▼ 10.9%
2024 · €82k
2019: €-965k
2020: €-1.11M
2021: €-1.52M
2022: €-916k
2023: €75k
2024: €82k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-1.47M-€-981k▲ 33.4%€2k€5k▲ 136%€-4k
Operating result€-43k-€636k€912k▲ 43.5%€5k▼ 99.5%€-8k
Net result€-219k-€493k€984k▲ 99.5%€3k▼ 99.7%€-9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8k after €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123k
Fixed assets
€14k ▼ 2.9%
Current assets
€110k ▲ 9.3%
Key figures and ratios
EBITDA
€-4k▼
2024 · €9k
Cash flow
€-5k▼
2024 · €7k
Solvency
-2.9%▼
2024 · 4.5%
Current ratio
3.00▼
2024 · 5.51
Quick ratio
2.73▼
2024 · 4.96
Debt to equity
-10.32▼
2024 · 3.70
ROA
-7.1%▼
2024 · 2.6%
Interest coverage
-1.26▼
2024 · 6.49
Debt
€37k▲
2024 · €19k
Debt ≤ 1 year
€36k▲
2024 · €18k
Income taxes
€182▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€114k€123k▲
Fixed assets21/28€14k€14k▼
Tangible fixed assets22/27€7k€7k▼
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€61€3k▲
Other tangible fixed assets26€1k€543▼
Financial fixed assets28€7k€7k=
Current assets29/58€100k€110k▲
Amounts receivable after more than one year29€67k€73k▲
Other amounts receivable291€67k€73k▲
Stocks and contracts in progress3€10k€10k=
Stocks30/36€10k€10k=
Amounts receivable within one year40/41€23k€4k▼
Trade receivables40€6k€0▼
Other amounts receivable41€17k€4k▼
Cash at bank and in hand54/58€289€3k▲
Deferred charges and accrued income490/1-€20k
Equity and liabilities
Total equity and liabilities10/49€114k€123k▲
Equity10/15€5k€-4k▼
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-9k€-18k▼
Provisions and deferred taxes16€90k€90k=
Provisions for liabilities and charges160/5€90k€90k=
Pensions and similar obligations160€90k€90k=
Amounts payable17/49€19k€37k▲
Amounts payable within one year42/48€18k€36k▲
Trade debts44€12k€34k▲
Suppliers440/4€12k€34k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€3k€3k▲
Remuneration and social security454/9€4k€0▼
Accrued charges and deferred income492/3€831€200▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€2k€684▼
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€12k€-3k▼
Operating profit (loss)9901€5k€-8k▼
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€5k€-9k▼
Income taxes67/77€2k€182▼
Profit (loss) for the period9904€3k€-9k▼
Profit (loss) for the period to be appropriated9905€3k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-18k▼
Profit (loss) brought forward from the previous period14P€-12k€-9k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity doublescurrent ratio 5.51
Current ratio from 2.30 to 5.51; short-term debt falls from €58k to €18k.
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €984k ▲99.5%
Operating result €912k, net result €984k, both a record.
30-06
Financial
Liquidity triplescurrent ratio 2.30
Current ratio from 0.67 to 2.30; short-term debt falls from €2.77M to €58k.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €493k
Net result €493k after 3 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €-219k
Net result drops to €-219k, the lowest in the series; recovery starts the following year.
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zaventem · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kerkhoflaan 451930 ZaventemGround area
3,922 m²
Building footprint
259 m²
Volume, LiDAR
998 m³
2 parcels, Flanders · tallest building 20.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Verlatstraat 1 3, 2000 Antwerpen
since 19982.086.944.409
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094A0240/00P003 | Flanders | 3,849 m² | 1 · 187 m² | - |
| 11811L3655/00W000 | Flanders | 72 m² | 1 · 72 m² | 20.7 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
Concentric
BE 0635.831.040
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ARCHITECT RIK MAURISSEN
BE 0885.617.423
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Mistico
BE 0794.670.619
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CVK Management
BE 1004.011.663
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CX Talents
BE 0735.725.006
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Of 24,500 companies in sector 82990 we hold annual accounts for 9,404. 3,189 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-04-1998
Fiscal year end30-06
Activities, NACEBEL 2025
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.