IMMO - SALMON
ActiveIMMO - SALMON has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €-17k. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 36% of 13898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
10
/ 100
Critical▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency9▼-3
Growth32=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.35 in 2024), and 85.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2025Solvency, return and age of the figures
Solvency
14.2%
Return on assets
-4.1%
Age of the figures
14 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€17k
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-02-2026, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
on the day
2023
1 d early
2022
4 d early
2021
on the day
2020
121 d late
2019
83 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€57k▼ 22.6%
2024 · €74k
2019: €98k
2020: €88k
2021: €93k
2022: €103k
2023: €101k
2024: €74k
2019 → 2025
Total assets
€404k▲ 0.1%
2024 · €403k
2019: €448k
2020: €435k
2021: €421k
2022: €410k
2023: €408k
2024: €403k
2019 → 2025
Net result
€-17k▲ 38.2%
2024 · €-27k
2019: €-14k
2020: €-11k
2021: €5k
2022: €10k
2023: €-2k
2024: €-27k
2019 → 2025
Working capital
€-108k▲ 1.2%
2024 · €-109k
2019: €-64k
2020: €-72k
2021: €-74k
2022: €-69k
2023: €-76k
2024: €-109k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€93k-€103k▲ 10.5%€101k▼ 1.9%€74k▼ 26.8%€57k▼ 22.6%
Operating result€11k-€7k▼ 30.1%€3k▼ 52.6%€-20k€-13k▲ 33.1%
Net result€5k-€10k▲ 83.3%€-2k€-27k▼ 1,289%€-17k▲ 38.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2025 against €20k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €404k
Fixed assets
€327k▼ 5.2%
Current assets
€77k▲ 31.5%
Equity and liabilities €404k
Equity
€57k▼ 22.6%
Debt
€346k▲ 5.2%
The debt ratio rises from 81.7% to 85.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€5k▲
2024 · €-2k
Cash flow
€1k▲
2024 · €-9k
Solvency
14.2%▼
2024 · 18.3%
Current ratio
0.42▲
2024 · 0.35
Quick ratio
0.42▲
2024 · 0.35
Debt / equity
6.06▲
2024 · 4.46
ROE
-29.2%▲
2024 · -36.6%
ROA
-4.1%▲
2024 · -6.7%
Interest coverage
1.38▲
2024 · -0.26
Debt
€346k▲
2024 · €329k
Debt ≤ 1 year
€185k▲
2024 · €168k
Debt > 1 year
€161k=
2024 · €161k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€403k€404k▲
Fixed assets21/28€345k€327k▼
Tangible fixed assets22/27€345k€327k▼
Land and buildings22€345k€327k▼
Current assets29/58€58k€77k▲
Amounts receivable within one year40/41€58k€75k▲
Trade receivables40€51k€56k▲
Other amounts receivable41€7k€19k▲
Cash at bank and in hand54/58€15€1k▲
Deferred charges and accrued income490/1€344€344=
Equity and liabilities
Total equity and liabilities10/49€403k€404k▲
Equity10/15€74k€57k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€26k€26k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€16k€16k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-14k€-31k▼
Amounts payable17/49€329k€346k▲
Amounts payable after more than one year17€161k€161k=
Financial debts170/4€161k€161k=
Amounts payable within one year42/48€168k€185k▲
Current portion of amounts payable after more than one year42€25k€11k▼
Trade debts44€20k€17k▼
Suppliers440/4€20k€17k▼
Other amounts payable47/48€122k€157k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k-
Other operating charges640/8€11k€6k▼
Gross operating margin9900€17k€10k▼
Operating profit (loss)9901€-20k€-13k▲
Financial income75/76B€371-
Recurring financial income75€371-
Financial charges65/66B€7k€3k▼
Recurring financial charges65€7k€3k▼
Profit (loss) for the period before taxes9903€-27k€-17k▲
Profit (loss) for the period9904€-27k€-17k▲
Profit (loss) for the period to be appropriated9905€-27k€-17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-31k▼
Profit (loss) brought forward from the previous period14P€13k€-14k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €10k ▲83.3%
Net result €10k, the highest in the series.
30-06
Financial
Equity above €100kEq €103k ▲10.5%
2 profitable years in a row build equity to €103k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
2020
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 139 days late
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
17-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Torhout · 1 establishment unit since 1999
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.
Roeselaarseweg 758820 TorhoutGround area
1.2 ha
Building footprint
2,085 m²
Volume, LiDAR
15,068 m³
2 parcels, Brussels, Flanders · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Nieuwelaan 86, 1040 Etterbeek
since 19992.051.545.347
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523F0615/00F000 | Flanders | 1.1 ha | 1 · 1,881 m² | 11.3 m · 2 fl. |
| 21363B0491/00K004 | Brussels | 274 m² | 1 · 204 m² | 17.0 m · 5 fl. |
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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Of 11,700 companies in sector 68310 we hold annual accounts for 6,875. 4,943 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-01-1991
Fiscal year end30-06
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 31 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.