Flor de Sal
ActiveThe computed 12-month bankruptcy probability of Flor de Sal is 7.5% (elevated). The 2024 annual accounts show negative equity (€-5k) and a net result of €-10k. Equity is shrinking by ~99.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 18938 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+88
Solvency50▲+33
Growth32▼-20
Stability94
Bankruptcy probability, 12 months
7.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.26 against 0.72 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-12.6%
Return on assets
-25.8%
Age of the figures
20 mo
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year -€5k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
39 d early
2022
8 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-5k
2023 · €5k
2022: €5k
2023: €5k
2022 → 2024
Total assets
€39k▲ 43.0%
2023 · €27k
2022: €49k
2023: €27k
2022 → 2024
Net result
€-10k
2023 · €118
2022: €5k
2023: €118
2022 → 2024
Working capital
€6k
2023 · €-6k
2022: €-14k
2023: €-6k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€5k-€5k▲ 2.4%€-5k
Operating result€7k-€3k▼ 56.9%€-15k
Net result€5k-€118▼ 97.5%€-10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €15k after €3k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39k
Fixed assets
€9k▼ 21.5%
Current assets
€30k▲ 89.4%
Key figures and ratios
EBITDA
€-12k▼
2023 · €6k
Cash flow
€-7k▼
2023 · €3k
Solvency
-12.6%▼
2023 · 18.9%
Current ratio
1.26▲
2023 · 0.72
Quick ratio
1.26▲
2023 · 0.72
Debt / equity
-8.91▼
2023 · 4.30
ROE
204.3%▲
2023 · 2.3%
ROA
-25.8%▼
2023 · 0.4%
Interest coverage
-19.45▼
2023 · 18.56
Debt
€44k▲
2023 · €22k
Debt ≤ 1 year
€24k▲
2023 · €22k
Debt > 1 year
€20k
Income taxes
€255▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€27k€39k▲
Fixed assets21/28€11k€9k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€9k€7k▼
Plant, machinery and equipment23€3k€3k▲
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€3k€3k▼
Current assets29/58€16k€30k▲
Amounts receivable within one year40/41€13k€23k▲
Trade receivables40€13k€18k▲
Other amounts receivable41€712€5k▲
Cash at bank and in hand54/58€2k€5k▲
Deferred charges and accrued income490/1€491€1k▲
Equity and liabilities
Total equity and liabilities10/49€27k€39k▲
Equity10/15€5k€-5k▼
Contributions10/11€1k€1k=
Reserves13€4k€4k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€118€-10k▼
Amounts payable17/49€22k€44k▲
Amounts payable after more than one year17-€20k
Financial debts170/4-€20k
Amounts payable within one year42/48€22k€24k▲
Trade debts44€10k€13k▲
Suppliers440/4€10k€13k▲
Taxes, remuneration and social security45€7k€11k▲
Taxes450/3€7k€11k▲
Other amounts payable47/48€5k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€12k
Other operating charges640/8€764€678▼
Gross operating margin9900€6k€912▼
Operating profit (loss)9901€3k€-15k▼
Financial income75/76B€6€6k▲
Recurring financial income75€6€6k▲
Financial charges65/66B€1k€622▼
Recurring financial charges65€303€622▲
Non-recurring financial charges66B€719-
Profit (loss) for the period before taxes9903€2k€-10k▼
Income taxes67/77€2k€255▼
Profit (loss) for the period9904€118€-10k▼
Profit (loss) for the period to be appropriated9905€118€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€118€-10k▼
Profit (loss) brought forward from the previous period14P-€118
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-10k ▼8570%
Net result drops to €-10k, the lowest in the series.
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kruisem · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oudenaardsesteenweg(KRU) 7E9770 KruisemGround area
1,212 m²
Building footprint
224 m²
Volume, LiDAR
782 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Flor de Sal
since 20222.337.774.531
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45053A0347/00S002 | Flanders | 639 m² | 1 · 117 m² | 9.8 m · 2 fl. |
| 44048F0829/00E000 | Flanders | 573 m² | 1 · 107 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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EVR INVEST
BE 0874.179.440
Tournai · Eq €5k
'T PAUWKE
BE 0424.209.605
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Balen · Eq €5k
INAN
BE 1016.221.587
Antwerpen · Eq €5k
Of 20,231 companies in sector 56111 we hold annual accounts for 11,311. 5,023 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-09-2022
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.