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SILMACO

Active
Public limited companyfounded 198739 yrs activeIndustrieweg 90, 3620 Lanaken, BelgiumKBO/BCE: BE 0432.069.870
Summary

SILMACO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32.9m and a net result of €4.0m. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 94% of 319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
SILMACOActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of chemicals and chemical products
NACE 20130NACE 24130
#5 employer in Lanaken, Manufacturing sector1 site
Size
€27.5mturnover 2025
Staff
40.2 FTE
Equity
€32.9m
Profit
€4.0m
Financial health
97 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Parent
SMG Group · 100%
Board
1 member
Auditor: KPMG Bedrijfsrevisoren BV/SRLAccounts 58 d early1 of 22 deeds read
Why 97+ Founded in 1987+ Liquidity: current ratio 3.99, cash €6.2m+ Equity €32.9m (89.3% of total assets)+ Size: turnover €27.5m, 40.2 FTE, total assets €36.9mShow the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Better than 79% of its sector peers (NACE 20, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 89.3% of total assets
Liquidity 71+10
short-term debt 10.1% · cash 16.8%
Profitability 87-6
return on assets 10.9%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (148 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%▲ +2.6% vs 11-2024 01-2025: 0.1%▲ +65.0% vs 12-2024highest value 02-2025: 0.1%● 0.0% vs 01-2025highest value 03-2025: 0.1%● 0.0% vs 02-2025highest value 04-2025: 0.1%● 0.0% vs 03-2025highest value 05-2025: 0.1%● 0.0% vs 04-2025highest value 06-2025: 0.1%● 0.0% vs 05-2025highest value 07-2025: 0.1%▼ -3.0% vs 06-2025 08-2025: 0.1%▼ -4.7% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%▼ -3.3% vs 09-2025 11-2025: 0.1%▲ +3.4% vs 10-2025 12-2025: 0.1%▲ +1.6% vs 11-2025 01-2026: < 0.1%▼ -45.2% vs 12-2025 02-2026: < 0.1%● 0.0% vs 01-2026 03-2026: < 0.1%● 0.0% vs 02-2026 04-2026: < 0.1%● 0.0% vs 03-2026 05-2026: < 0.1%● 0.0% vs 04-2026 06-2026: < 0.1%● 0.0% vs 05-2026 07-2026: < 0.1%● 0.0% vs 06-2026 08-2026: < 0.1%▼ -2.9% vs 07-2026lowest value 09-2026: < 0.1%● 0.0% vs 08-2026lowest value 10-2026: < 0.1%● 0.0% vs 09-2026lowest value
  • Founded in 1987 lowers the probability for this profile
  • Liquidity: current ratio 3.99, cash €6.2m lowers the probability
  • Equity €32.9m (89.3% of total assets) lowers the probability
  • Size: turnover €27.5m, 40.2 FTE, total assets €36.9m lowers the probability for this profile
Credit up to €2,700,000 at 30 days acceptable
Liquidity ample (current ratio 3.99 against 3.7 in 2024; short-term debt: 10.1% and cash: 16.8% of total assets), and 10.7% of the assets are financed with debt.
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 (NACE 20, small). Better than this share of them on solvency 90%, liquidity 86%, profitability 88%, growth against the median 54%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. 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.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Founded in 1987
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Liquidity: current ratio 3.99, cash €6.2m
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Equity €32.9m (89.3% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Size: turnover €27.5m, 40.2 FTE, total assets €36.9m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
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 04-12-2025, 58 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
58 d early
2024
145 d late
2023
6 d early
2022
4 d early
2021
6 d early
2020
27 d early
2019
146 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.

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. Usually files around 25 January (4 of the last 5 filed years within 52 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close05-10-2026 today31-01-2027 deadline
neutral · 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
  1. Reappointment: SMG Group BV (director)Permanent representatives: Heidi Machiels and…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Positive: Among the best 6% on solvencysector median 50.1% · 319 companies 89.3% View
  • Controlled by SMG Group 100% View
  • Positive: 7 profitable years in a rowprofit 2025: €4.0m 7 years View
  • Flemish supportawarded 2022 - 2025 €344,875 View
  • New directorlatest change 29-11-2025 · 1 in office 1 joined View
  • Caution: Result fell in 2025from €5.4m to €4.0m ▼ 26.4% View

By topic

Financials

Fiscal year
2025
Turnover
€27.5m
Profit
€4.0m
Solvency
89.3%
Turnover▼ 0.1%
Net result
20192025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-01-2027
  1. 11-02-2026Reappointment: SMG Group BV (director)
  2. 04-12-2025Annual accounts filed
  3. 25-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of chemicals and chemical productsNACE 20130
Founded
25-09-1987
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

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