Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ZILVERPIJL from Waregem, company number BE0846686274, closed financial year 2025 with a result of € -7.5 million after tax. For that financial year ZILVERPIJL recorded revenue of € 6.4 million and equity of € 23.5 million. Compared with financial year 2024, the result moved from € 69,404 to € -7.5 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 11, 2026.
€ 23.5 million
▼ 35% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7.5 million
▼ still € 69,404 profit in 2024
Profit after tax over the fiscal year.
€ 58,716
▼ 87% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 17 million.
People and assets in 2025
2
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 160,400
▼ 13% vs 2024
€ 80,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 43 million
▲ 32% vs 2024
€ 4.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 2.3 million
▲ € 2 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 262 days on average.
€ 117,273
▲ 199% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,183,500 | € 2,946,185 | € 4,268,581 | € 6,385,005 | ▲ 50% |
| Profit after taxes | € 1,841,855 | € 30,855,579 | € 69,404 | € -7,489,963 | ▼ € 7.6 million |
| Equity | € 9,377,093 | € 38,132,672 | € 36,202,076 | € 23,522,114 | ▼ 35% |
| Total debts | € 23,852,028 | € 60,369,045 | € 52,252,613 | € 79,880,915 | ▲ 53% |
| Cash | € 53,475 | € 6,284,483 | € 447,630 | € 58,716 | ▼ 87% |
| Land & buildings | € 4,226,266 | € 4,226,266 | € 5,805,948 | € 8,289,658 | ▲ 43% |
| Retained profit | € 2,827,093 | € 31,582,672 | € 29,652,076 | € 16,972,114 | ▼ 43% |
| Dividend | € 0 | € 2,100,000 | € 2,000,000 | € 5,190,000 | ▲ 160% |
| Bank debt | € 8,000,000 | € 27,142,863 | € 32,629,726 | € 43,016,589 | ▲ 32% |
| Balance sheet total | € 33,229,121 | € 98,622,227 | € 88,575,200 | € 103,523,538 | ▲ 17% |
| Employees (FTE) | 1 | 2.5 | 2.5 | 2 | ▼ 0.5 |
Key figures of ZILVERPIJL, 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 ZILVERPIJL?
What happened at ZILVERPIJL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- DE HUYSPLAETSE BV stepped down as director. NBB
- HERMIN CONSULTING BV stepped down as director. NBB
- F. DE COCK MANAGEMENT BV stepped down as director. NBB
- GULLWING NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 7.5 million (▼ € 7.6 million vs 2024). filed late Source: NBB ↗
- DE HUYSPLAETSE BV became a director. NBB
- HERMIN CONSULTING BV became a director. NBB
- F. DE COCK MANAGEMENT BV became a director. NBB
In short
From € 1.8 million profit in 2022 to € 7.5 million loss in 2025.
Paid € 2,492 in corporate taxes since 2022.
Best year ever: 2023, with € 30.9 million profit.
Paid out € 9.3 million in dividends to the owners in total.
A new publication or filing at ZILVERPIJL? We notify you, reason included.
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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 GULLWING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ZILVERPIJLThe shares are held by GULLWING (100%). It owns 100% of ATK CAR PARTS, 100% of TOP RENT FLEET SERVICES, 100% of FLECHE D'ARGENT, 100% of MIG MOTORS, 100% of CARROSSERIE EECKHOUT and 100% of GHISTELINCK AUTOBEDRIJVEN itself.
Directors
According to the 2025 annual accounts
since 2018 · until 2030
Chairman of the board · represented by Marc Van Herreweghe
Also active at: ATK Carparts, VANDEPUTTE HOLDING
since 2018 · until 2030
Director · represented by Frans De Cock
Also active at: SCREEN SERVICE, VLASTGOED, Agri Alliance, CEI, Damcap, PDC MANAGEMENT, SCREEN BELGIUM
since 2018 · until 2030
Managing director · represented by Vincent Yserbyt
Also active at: LUXAUTO, ATK Carparts, Van Gogh Capital, CARROSSERIE VERHOYE
since 2018 · until 2030
Shareholders
100%
Participations
100%
FLECHE D'ARGENT
100%
100%
100%
100%
100%
Establishments
Establishment units
Physical locations of this company
Franklin Rooseveltlaan 165
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0846.686.274
- VAT number
- BE 0846.686.274
- Registered office
- Franklin Rooseveltlaan 165, 8790 Waregem
- Names & denominations
- ZILVERPIJL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 June 2012
- Peppol
- Active · Active since 29 Nov 2025
- Activities · NACE
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Holdings
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Activiteiten van syndici van onroerend goed
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Overige dienstverlenende activiteiten op het gebied van informatie
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
+3