Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Busy address KBO
82 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
eTAIL Silk Road from Watermaal-Bosvoorde, company number BE0760351524, closed financial year 2025 with a result of € 123,042 after tax. For that financial year eTAIL Silk Road recorded a gross margin of € 154,843 and equity of € -1.1 million. Compared with financial year 2024, the result moved from € -342,457 to € 123,042. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ -1.1 million
▲ € 123,042 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 123,042
▲ still € 342,457 loss in 2024
Profit after tax over the fiscal year.
€ 9,708
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -1.2 million.
Debts at end 2025
€ 148,262
▲ € 145,286 vs 2024
Loans from banks and other lenders, long and short.
€ 827,944
▼ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,382
▼ 85% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -421,658 | € -87,925 | € -210,064 | € 154,843 | ▲ € 364,907 |
| Profit after taxes | € -436,482 | € -336,595 | € -342,457 | € 123,042 | ▲ € 465,499 |
| Equity | € -531,731 | € -868,326 | € -1,210,783 | € -1,087,741 | ▲ € 123,042 |
| Total debts | € 1,316,521 | € 1,909,812 | € 2,635,285 | € 2,616,834 | ▼ 1% |
| Cash | - | € 17,411 | - | € 9,708 | |
| Retained profit | € -631,731 | € -968,326 | € -1,310,783 | € -1,187,741 | ▲ € 123,042 |
| Bank debt | € 1,635 | € 6,746 | € 2,976 | € 148,262 | ▲ € 145,286 |
| Balance sheet total | € 784,790 | € 1,041,486 | € 1,424,502 | € 1,529,093 | ▲ 7% |
| Employees (FTE) | - | 2.4 | - | - |
Key figures of eTAIL Silk Road, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to eTAIL Silk Road?
What happened at eTAIL Silk Road in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 123,042. Source: NBB ↗
- New establishment in Watermaal-Bosvoorde. KBO
- Virtuology International SA became a director. NBB
- Moise Taheraly DENAGE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 436,482 loss in 2022 to € 123,042 profit in 2025.
Paid € 151 in corporate taxes since 2022.
Best year ever: 2025, with € 123,042 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of VIRTUOLOGY INTERNATIONAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
eTAIL Silk RoadBehind eTAIL Silk Road are Virtuology International SA and Moise Taheraly DENAGE. The shares are held by VIRTUOLOGY INTERNATIONAL (100%).
Directors
According to the 2025 annual accounts
Director · represented by Grégoire de NEVE de RODEN
Also active at: SMARTELIA, MKKM, MOBILOSOFT, BLUE 2 PURPLE
since 2020
Moise Taheraly DENAGE
Director
since 2020
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vorstlaan 25 box 5
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 82 companies are registered at this address.
All companies at this address →Unibra
€ 3.7 million revenue · 2025
Coopérative U.P.B.
SOCIÉTE DU GARNISTEAU
€ 51,409 gross margin · 2025
La Garantie Belge
LA MUTUELLE PATRONALE (A.A.M. CONTRE LES RISQUES DECOULANT DE LA LEGISLATION RELATIVE AU SALAIRE GARANTI)
+77 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0760.351.524
- VAT number
- BE 0760.351.524
- Registered office
- Vorstlaan 25 bus 5, 1170 Watermaal-Bosvoorde
- Names & denominations
- eTAIL Silk Road
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 2020
- Peppol
- Active · Active since 5 Jan 2021
- Activities · NACE
Activiteiten van reclamebureaus