SALA
ActiveSummary
SALA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€20,433) and a net result of €35,914. Equity is shrinking by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 17% of 3762 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+97
Solvency7▲+7
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.74 against 0.4 in 2024; short-term debt: 117.6% and cash: 13.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
-17.6%
Return on assets
30.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 3762 sector peers (2025).
NBB · sector comparisonPosition among 3762 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
41 d late
2023
30 d late
2022
29 d late
2021
60 d early
2020
24 d late
2019
12 d 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 15 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€20,433▲ 63.7%
2024 · -€56,347
Total assets
€116,060▲ 67.7%
2024 · €69,207
Net result
€35,914
2024 · -€8,900
Working capital
-€34,821▲ 53.7%
2024 · -€75,183
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€17,467-€1,698▲ 90.3%-€4,258▼ 151%-€8,808▼ 107%€36,280
Net result-€18,622below the sector's middle half▼ 1,452%-€3,144within the sector's middle half▲ 83.1%-€4,335within the sector's middle half▼ 37.9%-€8,900below the sector's middle half▼ 105%€35,914within the sector's middle half
Equity-€39,968below the sector's middle half▼ 87.2%-€43,112below the sector's middle half▼ 7.9%-€47,447below the sector's middle half▼ 10.1%-€56,347below the sector's middle half▼ 18.8%-€20,433below the sector's middle half▲ 63.7%
Total assets€18,133below the sector's middle half▼ 18.8%€40,897below the sector's middle half▲ 126%€36,547below the sector's middle half▼ 10.6%€69,207within the sector's middle half▲ 89.4%€116,060below the sector's middle half▲ 67.7%
Debt€58,101▲ 33.0%€84,009▲ 44.6%€83,994=€125,554▲ 49.5%€136,494▲ 8.7%
Working capital-€45,087below the sector's middle half▼ 70.4%-€61,474below the sector's middle half▼ 36.3%-€65,848below the sector's middle half▼ 7.1%-€75,183below the sector's middle half▼ 14.2%-€34,821within the sector's middle half▲ 53.7%
Solvency-220.4%below the sector's middle half▼ 124.9pp-105.4%below the sector's middle half▲ 115.0pp-129.8%below the sector's middle half▼ 24.4pp-81.4%below the sector's middle half▲ 48.4pp-17.6%below the sector's middle half▲ 63.8pp
Current ratio0.22below the sector's middle half▼ 0.170.27below the sector's middle half▲ 0.040.22below the sector's middle half▼ 0.050.40below the sector's middle half▲ 0.190.74within the sector's middle half▲ 0.34
Return on assets (ROA)-102.7%below the sector's middle half▼ 97.3pp-7.7%within the sector's middle half▲ 95.0pp-11.9%below the sector's middle half▼ 4.2pp-12.9%below the sector's middle half▼ 1.0pp30.9%above the sector's middle half▲ 43.8pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €36,280 after a loss of €8,808 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116,060
Fixed assets
€14,388 ▼ 23.6%
Current assets
€101,673 ▲ 102%
Key figures and ratios
EBITDA
€40,728▲
2024 · -€4,359
Cash flow
€40,362▲
2024 · -€4,451
Quick ratio
0.74▲
2024 · 0.32
Debt to equity
-6.68▼
2024 · -2.23
Interest coverage
111.33▲
2024 · -47.35
Debt ≤ 1 year
€136,494▲
2024 · €125,554
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,798 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,311 | €3,813 | €4,449 | €4,449 | = |
| Other operating charges640/8 | €3,422 | €1,511 | €5,319 | €6,483 | €8,540 | ▲ 31.7% |
| Gross operating margin9900 | -€14,046 | €3,124 | €4,874 | €2,124 | €49,268 | ▲ 2,220% |
| Operating profit (loss)9901 | -€17,467 | -€1,698 | -€4,258 | -€8,808 | €36,280 | ▲ 512% |
| Financial income75/76B | - | €55 | - | - | €0 | - |
| Recurring financial income75 | - | €55 | - | - | €0 | - |
| Financial charges65/66B | €1,155 | €1,501 | €77 | €92 | €366 | ▲ 297% |
| Recurring financial charges65 | €1,155 | €1,501 | €77 | €92 | €366 | ▲ 297% |
| Profit (loss) for the period before taxes9903 | -€18,622 | -€3,144 | -€4,335 | -€8,900 | €35,914 | ▲ 504% |
| Profit (loss) for the period9904 | -€18,622 | -€3,144 | -€4,335 | -€8,900 | €35,914 | ▲ 504% |
| Profit (loss) for the period to be appropriated9905 | -€18,622 | -€3,144 | -€4,335 | -€8,900 | €35,914 | ▲ 504% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,133 | €40,897 | €36,547 | €69,207 | €116,060 | ▲ 67.7% |
| Fixed assets21/28 | €5,119 | €18,362 | €18,401 | €18,836 | €14,388 | ▼ 23.6% |
| Tangible fixed assets22/27 | - | €13,243 | €13,283 | €13,718 | €9,269 | ▼ 32.4% |
| Plant, machinery and equipment23 | - | €8,427 | €9,670 | €11,310 | €8,065 | ▼ 28.7% |
| Furniture and vehicles24 | - | €4,816 | €3,612 | €2,408 | €1,204 | ▼ 50.0% |
| Financial fixed assets28 | €5,119 | €5,119 | €5,119 | €5,119 | €5,119 | = |
| Current assets29/58 | €13,015 | €22,535 | €18,146 | €50,371 | €101,673 | ▲ 102% |
| Stocks and contracts in progress3 | €5,619 | €5,619 | €8,833 | €10,036 | €386 | ▼ 96.2% |
| Stocks30/36 | €5,619 | €5,619 | €8,833 | €10,036 | €386 | ▼ 96.2% |
| Amounts receivable within one year40/41 | €4,917 | €16,079 | €6,252 | €25,274 | €85,766 | ▲ 239% |
| Trade receivables40 | - | €11,656 | €3,803 | €14,680 | €71,483 | ▲ 387% |
| Other amounts receivable41 | €4,917 | €4,424 | €2,449 | €10,594 | €14,283 | ▲ 34.8% |
| Cash at bank and in hand54/58 | €2,478 | €836 | €3,061 | €15,061 | €15,520 | ▲ 3.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,133 | €40,897 | €36,547 | €69,207 | €116,060 | ▲ 67.7% |
| Equity10/15 | -€39,968 | -€43,112 | -€47,447 | -€56,347 | -€20,433 | ▲ 63.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €274 | €274 | €274 | €274 | €274 | = |
| Non-distributable reserves130/1 | €274 | €274 | €274 | €274 | €274 | = |
| Legal reserve130 | €274 | €274 | €274 | €274 | €274 | = |
| Profit (loss) carried forward14 | -€58,842 | -€61,986 | -€66,321 | -€75,221 | -€39,307 | ▲ 47.7% |
| Amounts payable17/49 | €58,101 | €84,009 | €83,994 | €125,554 | €136,494 | ▲ 8.7% |
| Amounts payable within one year42/48 | €58,101 | €84,009 | €83,994 | €125,554 | €136,494 | ▲ 8.7% |
| Financial debts43 | €12,810 | €2,167 | - | - | - | - |
| Credit institutions430/8 | €12,810 | €2,167 | - | - | - | - |
| Trade debts44 | €3,607 | €13,293 | €23,836 | €65,685 | €75,210 | ▲ 14.5% |
| Suppliers440/4 | €3,607 | €13,293 | €23,836 | €65,685 | €75,210 | ▲ 14.5% |
| Taxes, remuneration and social security45 | - | €4,391 | - | - | - | - |
| Taxes450/3 | - | €4,391 | - | - | - | - |
| Other amounts payable47/48 | €41,685 | €64,158 | €60,158 | €59,869 | €61,284 | ▲ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,622 | -€3,144 | -€4,335 | -€8,900 | €35,914 | ▲ 504% |
| + Depreciation and write-downs630 | - | €3,311 | €3,813 | €4,449 | €4,449 | = |
| Operating cash flow (approximation) | -€18,622 | €167 | -€522 | -€4,451 | €40,362 | ▲ 1,007% |
| Investment in fixed assets (approximation) | - | -€16,554 | -€3,852 | -€4,884 | €0 | ▲ 100% |
| Change in cash | - | -€1,642 | €2,225 | €12,000 | €459 | ▼ 96.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €35,914
Net result €35,914 after 5 loss-making years.
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€18,622
Net result drops to -€18,622, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-12
Financial
Back to profitnet €1,380
Net result €1,380 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 25 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Zedelgem · 1 establishment unit since 2004
Ground area
795 m²
Building footprint
154 m²
Volume, LiDAR
1,191 m³
2 parcels, Flanders · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SALA
since 20042.137.116.866
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31001B1723/00E003 | Flanders | 435 m² | 1 · 78 m² | 7.3 m · 2 fl. |
| 44805E0604/00C000 | Flanders | 359 m² | 1 · 76 m² | 14.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.137.116.866
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Kortemark
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Contact
Phone
09/2228293Gent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0863089865
Also
9925:BE0863089865
Registered
24-03-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.