New Silk Road
ActiveSummary
New Silk Road has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €114k and a net result of €72k. Equity is growing by ~40.9% per year across the filed fiscal years. Its solvency ranks better than 23% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▼-3
Solvency28▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 0.92 in 2023; short-term debt: 8.4% and cash: 11.9% of total assets), but 96.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 19357 sector peers (2024).
NBB · sector comparisonPosition among 19357 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
54 d early
2022
52 d early
2021
51 d early
2020
29 d late
2019
66 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€114k▲ 174%
2023 · €41k
2019: €-112k
2020: €-26k
2021: €-201k
2022: €-109k
2023: €41k
2019 → 2024
Total assets
€3.68M▲ 8.6%
2023 · €3.39M
2019: €1.67M
2020: €1.73M
2021: €3.51M
2022: €3.42M
2023: €3.39M
2019 → 2024
Net result
€72k▼ 51.9%
2023 · €150k
2019: €-131k
2020: €86k
2021: €-175k
2022: €93k
2023: €150k
2019 → 2024
Working capital
€171k
2023 · €-22k
2019: €-62k
2020: €-117k
2021: €998
2022: €19k
2023: €-22k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-26k-€-201k▼ 673%€-109k▲ 46.0%€41k€114k▲ 174%
Operating result€119k-€-111k€164k€220k▲ 33.7%€165k▼ 24.9%
Net result€86k-€-175k€93k€150k▲ 62.0%€72k▼ 51.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 25% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.68M
Fixed assets
€3.20M ▲ 1.4%
Current assets
€481k ▲ 105%
Equity and liabilities €3.68M
Equity
€114k ▲ 174%
Debt
€3.57M ▲ 6.5%
Debt's share of the balance-sheet total falls from 98.8% to 96.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€473k▼
2023 · €509k
Cash flow
€380k▼
2023 · €440k
Current ratio
1.55▲
2023 · 0.92
Debt to equity
31.38▼
2023 · 80.77
ROE
63.5%▼
2023 · 362.2%
ROA
2.0%▼
2023 · 4.4%
Interest coverage
6.64▼
2023 · 7.40
Debt ≤ 1 year
€310k▲
2023 · €257k
Debt > 1 year
€3.26M▲
2023 · €3.09M
Income taxes
€24k▲
2023 · €3k
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 · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.39M€3.68M▲
Fixed assets21/28€3.16M€3.20M▲
Tangible fixed assets22/27€3.16M€3.20M▲
Land and buildings22€1.55M€1.73M▲
Plant, machinery and equipment23€7k€3k▼
Leasing and similar rights25€1.59M€1.47M▼
Other tangible fixed assets26€4k€4k▼
Current assets29/58€235k€481k▲
Amounts receivable within one year40/41€194k€44k▼
Other amounts receivable41€194k€44k▼
Cash at bank and in hand54/58€41k€436k▲
Equity and liabilities
Total equity and liabilities10/49€3.39M€3.68M▲
Equity10/15€41k€114k▲
Contributions10/11€19k€19k=
Reserves13-€95k
Distributable reserves133-€95k
Profit (loss) carried forward14€23k€0▼
Amounts payable17/49€3.35M€3.57M▲
Amounts payable after more than one year17€3.09M€3.26M▲
Financial debts170/4€2.86M€3.02M▲
Other amounts payable178/9€235k€235k=
Amounts payable within one year42/48€257k€310k▲
Current portion of amounts payable after more than one year42€216k€260k▲
Trade debts44€28k€33k▲
Suppliers440/4€28k€33k▲
Taxes, remuneration and social security45€12k€16k▲
Taxes450/3€12k€16k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€289k€308k▲
Other operating charges640/8€59k€110k▲
Gross operating margin9900€569k€583k▲
Operating profit (loss)9901€220k€165k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€69k€71k▲
Recurring financial charges65€69k€71k▲
Profit (loss) for the period before taxes9903€153k€96k▼
Income taxes67/77€3k€24k▲
Profit (loss) for the period9904€150k€72k▼
Profit (loss) for the period to be appropriated9905€150k€72k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€95k▲
Profit (loss) brought forward from the previous period14P€-127k€23k▲
Transfer to equity691/2-€95k
To other reserves6921-€95k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
08-09
State Gazette act
General meeting · Name change
Director resignation · Director appointment
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €114k ▲174%
3 profitable years in a row build equity to €114k.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €150k ▲62%
Operating result €220k, net result €150k, both a record.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €93k
Net result €93k after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-175k ▼303%
Net result drops to €-175k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-12
Financial
Back to profitnet €86k
Net result €86k after one loss-making year.
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Antwerpen · 1 establishment unit since 2018
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.
Ouland 232030 AntwerpenGround area
3,399 m²
Building footprint
3,256 m²
Parcel 11807G1333/00D035, Flanders. Linked by address, not a title deed.
1 establishment unit
New Silk Road
since 20182.281.263.420
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1333/00D035 | Flanders | 3,399 m² | 1 · 3,256 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
3 connected companiesLinked via shared directors
Shared director
→
Shared director
→
Shared director
→
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,755 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
Founded24-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.