SAL International Ground Handling Belgium

Active

Public limited companyfounded 1992active for 33 yearsRue Saint-Exupéry 22, 4460 Grâce-Hollogne, BelgiumKBO/BCE: BE 0449.093.172

Summary

SAL International Ground Handling Belgium has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.6m and a net result of -€98,107. Equity is growing by about 50% per year across the filed financial years. Its solvency ranks better than 63% of 860 sector peers (NACE 52, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisFollow Report Compare

SAL International Ground Handling BelgiumActiveChecked score 68/100

Risk analysis Report Compare

Activity

Warehousing and support activities for transportation

NACE 52230

4th fastest staff growth in Grâce-Hollogne, Transport and storage sector1 site

Size

€24.3mturnover 2025

Staff: 207.2 FTE
Equity: €9.6m
Loss: -€98,107

Financial health

68 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.7%

Structure

Parent: Aviapartner Holding · 93.9%
Board: 7 members

Omar Jamal HaririChair

Auditor: RSM INTERAUDIT2025 accounts 9 days early5 of 33 deeds summarised

Why 68raises risk2 of the last 3 lateLiquidity: current ratio 2.00, cash €3,373Sector: Warehousing and support activities for transportation (NACE 52)lowers riskFounded in 1992Show the evidence

Checked score

Score 2025

68 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 34% of its sector peers (NACE 52, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 75+3

equity 49.9% of total assets

Liquidity 26=

short-term debt 48.1% · cash 0.0%

Profitability 18-63

return on assets -0.5%

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (176 companies, NACE 52, medium-sized)

Last 24 months 11-2024: 1.8% 12-2024: 2.0%▲ +0.2 percentage points vs 11-2024highest value 01-2025: 0.6%▼ -1.4 percentage points vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 1.0%▲ +0.4 percentage points vs 07-2025 09-2025: 1.1%▲ +0.1 percentage points vs 08-2025 10-2025: 1.5%▲ +0.4 percentage points vs 09-2025 11-2025: 1.6%▲ +0.1 percentage points vs 10-2025 12-2025: 1.8%▲ +0.2 percentage points vs 11-2025 01-2026: 0.5%▼ -1.3 percentage points vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026lowest value 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.2 percentage points vs 07-2026 09-2026: 0.7%● unchanged vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026

Credit of up to €650,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.0, compared with 1.96 in 2024, above the usual 1.5; short-term debt: 48.1% and cash: 0% of total assets), but 50.1% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 52, medium-sized): better than 73% on solvency, 30% on liquidity, 13% on profitability and 19% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

2 of the last 3 late

NBB · filings

Liquidity: current ratio 2.00, cash €3,373

NBB · annual accounts

Founded in 1992

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Sector: Warehousing and support activities for transportation (NACE 52)

KBO

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

9 days early

2024

131 days late

2023

138 days late

2022

3 days late

2021

31 days early

2020

100 days late

2019

311 days 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 92 days after the deadline; the sector median (NACE 52) for financial year 2024 is 8 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 August (4 of the last 5 filed years within 128 days of that day).

Companies Code · seven months

Where today falls in the filing period

26-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

21-10-2026 Appointments: Omar Jamal Hariri, Ahmed Yehya…Registered-office move · Power of…
24-08-2026 Resignation: Richard Prince (director)Appointments: BIJAOUI Olivier Philippe Auguste…
22-07-2026 Annual accounts filedfinancial year 2025 · full…

Key points

Caution: From profit to loss in 2025after €3.0m in 2024 -€98,107 View
Caution: Among the weakest 16% on net resultsector median €109,721 · 853 companies -€98,107 View
Board changedlatest change 18-09-2026 · 7 in office 6 joined · 2 left View
Controlled by Aviapartner Holdingknown shareholders 100% 93.9% View

By topic

Financials

Financial year: 2025
Turnover: €24.3m
Loss: -€98,107
Solvency: 49.9%

Turnover▼ 15.2%

Net result

20182025

Go to Financials

Board & ownership

Board: 7 members
Parent: Aviapartner Holding · 93.9%
Known shareholders: 100%
Auditor: RSM INTERAUDIT

Omar Jamal HaririChair
Maurits BeerepootDirector
ABU-OBEID Amer Nimer TaherDirector
BIJAOUI Olivier Philippe AugusteDirector
JAMAL HARIRI Omar Talal SDirector

and 2 other directors

Go to Board & ownership

Timeline

Events: 44
Since: 1994
Next accounts: by 31-07-2027

04-02-2026Resignation: Patrick Minsart (director)
09-12-2025Annual accounts filed
09-07-2025Appointments: Maurits Beerepoot, Richard Prince and RSM…

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Warehousing and support activities for transportationNACE 52230
Founded: 14-12-1992
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 15

Annual meeting: Third Monday of May at 14:30
Purpose: “L'entreprise, tant en Belgique qu'à l'étranger, pour compte propre, pour compte de tiers…” (deed in French)

Go to Articles of association

Key facts about SAL International Ground Handling Belgium

What is the company number of SAL International Ground Handling Belgium?: 0449.093.172. In Belgium the VAT number is the company number with BE in front: BE 0449.093.172.
Where is SAL International Ground Handling Belgium based?: The registered office is at Rue Saint-Exupéry 22, 4460 Grâce-Hollogne.Company details
What does SAL International Ground Handling Belgium do?: According to the KBO register, the main activity is warehousing and support activities for transportation (NACE 52230).
What is the legal form of SAL International Ground Handling Belgium?: Public limited company (NV).
When was SAL International Ground Handling Belgium founded?: On 14-12-1992.
Is SAL International Ground Handling Belgium still active?: Yes, SAL International Ground Handling Belgium is an active enterprise in the KBO register.
How many employees does SAL International Ground Handling Belgium have?: On average 207.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SAL International Ground Handling Belgium?: €24.3m in financial year 2025, according to the filed annual accounts.
Is SAL International Ground Handling Belgium profitable?: In financial year 2025, SAL International Ground Handling Belgium made a loss of €98,107.
Where can I find the annual accounts of SAL International Ground Handling Belgium?: SAL International Ground Handling Belgium filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SAL International Ground Handling Belgium due?: By 31-07-2027, for financial year 2026.Timeline

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Overview