ACTIVE

Silverfin

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

13,2 M €

+103.2% YoY

Revenue

47,2 M €

-25.3% YoY

Equity

40,7 M €

+48.2% YoY

Workforce

98,5 ETP

+4.0% YoY

What does Silverfin do?

Silverfin is a Public limited company incorporated in 2013. Its main activity is: Management consultancy activities. Its registered office is in Gent. It employs on average 98,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0524.802.662

Incorporation

18/03/2013

Legal form

Public limited company

Registered office

Gaston Crommenlaan 12
9050 Gent · FlandreSee on map

Contributed capital

16 008 569,18 €

Latest accounts

31/12/2025

Average workforce

98,5 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 62010Computer programming activities 62100Computer programming, consultancy and related activities

Joint committees (2)

200
20000

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2019		2017		2016		2015		2014
Income statement
Revenue	47,2 M €	-25.3%	63,3 M €	+155%	24,8 M €	+25.2%	19,8 M €		–		–		–		–		–
EBITDA	23,3 M €	+4.2%	22,3 M €	+274%	6 M €	+94.7%	3,1 M €	+344%	690,2 k €	+339%	-289 k €	-279%	-76,2 k €	-2873%	2,7 k €	-94.1%	46,4 k €
Operating result	12,9 M €	+102%	6,4 M €	+1720%	-393,3 k €	+70.7%	-1,3 M €	-1266%	-98,3 k €	+71.0%	-338,4 k €	-238%	-100 k €	-190493%	-52,5 €	-100%	44,7 k €
Net result	13,2 M €	+103%	6,5 M €	+2057%	-333,2 k €	+71.9%	-1,2 M €	-2222%	-51 k €	+86.1%	-367,7 k €	-240%	-108 k €	-1242%	-8,1 k €	-118%	44,3 k €
Balance sheet
Equity	40,7 M €	+48.2%	27,5 M €	+82.4%	15,1 M €	-2.2%	15,4 M €	+281%	4 M €	-1.2%	4,1 M €	+1980%	196,8 k €	+259%	54,8 k €	-12.8%	62,9 k €
Total assets	67,1 M €	+32.3%	50,7 M €	-0.0%	50,7 M €	+76.0%	28,8 M €	+212%	9,2 M €	+40.4%	6,6 M €	+370%	1,4 M €	+589%	203,6 k €	+127%	89,6 k €
Cash	36,5 M €	+71.2%	21,3 M €	+88.0%	11,3 M €	-4.9%	11,9 M €	+244%	3,5 M €	-12.2%	3,9 M €	+375%	831,4 k €	+1172%	65,4 k €	+249%	18,7 k €
Debts	25,6 M €	+14.8%	22,3 M €	-36.7%	35,3 M €	+170%	13,1 M €	+160%	5 M €	+102%	2,5 M €	+163%	948,3 k €	+547%	146,6 k €	+450%	26,7 k €
Other
Workforce	98,5 ETP	+4.0%	94,7 ETP	+23.8%	76,5 ETP	+16.3%	65,8 ETP	+106%	32,0 ETP	+57.6%	20,3 ETP	+145%	8,3 ETP	+261%	2,3 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 43 ended

Active mandates

Figure-of-Eight

Director · since 01 mars 2026 · 0784.609.046

Represented by An Maes

Active

Digital Strategy

Director · since 11 décembre 2025 · until 01 mars 2026 · 0682.764.786

Represented by Joris Dresselaers

Active

Lisa Miles-Heal

Director · since 02 novembre 2023 · until 11 décembre 2025

Active

Ended mandates

Lisa Miles-Heal

Director · since 02 novembre 2023 · until 01 novembre 2029

Ended

BLACKFIN VENTURES

Director · since 17 juin 2022 · until 02 novembre 2023 · 0669.583.278

Represented by Vandecasteele TIM

Ended

BLACKFIN VENTURES

Director · since 17 juin 2022 · until 18 juillet 2022 · 0669.583.278

Represented by Vandecasteele TIM

Ended

BLACKFIN VENTURES

Director · since 17 juin 2022 · until 01 septembre 2028 · 0669.583.278

Represented by Vandecasteele TIM

Ended

At this address

Other companies at this address

Company	CBE no.
Dedalus Healthcare● Active	0784.244.010
DOBCO MEDICAL SYSTEMS● Active	0833.277.213

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/12/2025	31/12/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	21 months	12 months	12 months	12 months	12 months
Filing date	18/06/2026	31/07/2025	16/08/2023	11/08/2022	24/11/2021	06/10/2020
General meeting	21/05/2026	30/07/2025	18/07/2023	18/07/2022	03/11/2021	04/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	21/05/2026	18/06/2026	Dutch	PDF
Full model	31/12/2024	30/07/2025	31/07/2025	Dutch	PDF
Full model	31/03/2023	18/07/2023	16/08/2023	Dutch	PDF
Full model	31/03/2022	18/07/2022	11/08/2022	Dutch	PDF
Abridged model	31/03/2021	03/11/2021	24/11/2021	Dutch	PDF
Abridged model	31/03/2020	04/09/2020	06/10/2020	Dutch	PDF
Abridged model	31/03/2019	30/09/2019	24/10/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	10/08/2016	Dutch	PDF
Abridged model	31/12/2014	05/08/2015	31/08/2015	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 43 ended

Active mandates

Figure-of-Eight

Director · since 01 mars 2026 · 0784.609.046

Represented by An Maes

Active

Digital Strategy

Director · since 11 décembre 2025 · until 01 mars 2026 · 0682.764.786

Represented by Joris Dresselaers

Active

Lisa Miles-Heal

Director · since 02 novembre 2023 · until 11 décembre 2025

Active

Ended mandates

Lisa Miles-Heal

Director · since 02 novembre 2023 · until 01 novembre 2029

Ended

BLACKFIN VENTURES

Director · since 17 juin 2022 · until 02 novembre 2023 · 0669.583.278

Represented by Vandecasteele TIM

Ended

BLACKFIN VENTURES

Director · since 17 juin 2022 · until 18 juillet 2022 · 0669.583.278

Represented by Vandecasteele TIM

Ended

BLACKFIN VENTURES

Director · since 17 juin 2022 · until 01 septembre 2028 · 0669.583.278

Represented by Vandecasteele TIM

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/01/2026
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring26/08/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Restructuring05/07/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates12/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares14/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

01/03/2026
nominationFigure-of-Eight BV — bestuurder
2025
Annual accounts 202513,2 M €↑
11/12/2025
nominationDigital Strategy BV — bestuurder
2024
Annual accounts 20246,5 M €↑
30/09/2024
nominationEY Bedrijfsrevisoren BV — commissaris
01/09/2024
autre
02/11/2023
nominationLisa Miles-Heal — enige bestuurder
19/07/2023
reconductionYellowfin Ventures BV — bestuurder
19/07/2023
reconductionGeorg Niklas Christoffer Savander — onafhankelijk bestuurder
19/07/2023
nominationFinvision Bedrijfsrevisoren Waregem — commissaris
31/03/2023
augmentation_capital
2023
Annual accounts 2023-333,2 k €↑
18/07/2022
reconductionBlackfin Ventures BV — bestuurder
17/06/2022
nominationLisa Miles-Heal — algemeen directeur belast met het dagelijks bestuur
2022
Annual accounts 2022-1,2 M €↓
2019
Annual accounts 2019-51 k €↑
2017
Annual accounts 2017-367,7 k €↓
2016
Annual accounts 2016-108 k €↓
2015
Annual accounts 2015-8,1 k €↓
2014
Annual accounts 201444,3 k €
18/03/2013
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Silverfin

Overview

What does Silverfin do?

Trend over 9 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline