SALAR
ActiveSALAR has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.13M and a net result of €421k. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 28% of 2276 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability51▼-49
Solvency30▲+6
Growth70=
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.06 in 2023), and 78.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 82
Relative position
BE, all sectors
reference
Sector 82
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.2%
Return on assets
2.2%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-11-2025, 98 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
98 d late
2023
57 d late
2022
70 d late
2021
123 d late
2020
129 d late
2019
125 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€5.27M▲ 2.9%
2019 · €5.12M
2018: €4.63M
2019: €5.12M
2018 → 2020
EBIT margin
4.2%▲ 0.8pp
2019 · 3.3%
2018: 3.7%
2019: 3.3%
2018 → 2020
Net result
€421k▼ 55.7%
2023 · €950k
2018: €208k
2019: €270k
2020: €242k
2022: €120k
2023: €950k
2018 → 2024
Working capital
€1.63M▲ 64.9%
2023 · €990k
2018: €208k
2019: €-221k
2020: €1.12M
2022: €661k
2023: €990k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202220232024Trend
Turnover€5.12M-€5.27M▲ 2.9%
Equity€2.33M-€2.58M▲ 10.3%€2.76M▲ 7.2%€3.71M▲ 34.4%€4.13M▲ 11.3%
Operating result€170k-€219k▲ 29.0%€805k▲ 268%€657k▼ 18.4%€273k▼ 58.5%
Net result€270k-€242k▼ 10.3%€120k▼ 50.3%€950k▲ 691%€421k▼ 55.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 58% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19.50M
Fixed assets
€2.53M▼ 7.9%
Current assets
€16.97M▼ 4.1%
Equity and liabilities €19.50M
Equity
€4.13M▲ 11.3%
Provisions
€28k▲ 19.1%
Debt
€15.34M▼ 8.2%
The debt ratio falls from 81.7% to 78.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€824k▼
2023 · €1.19M
Cash flow
€972k▼
2023 · €1.49M
Solvency
21.2%▲
2023 · 18.2%
Current ratio
1.11▲
2023 · 1.06
Quick ratio
1.11▲
2023 · 1.06
Debt / equity
3.71▼
2023 · 4.50
ROE
10.2%▼
2023 · 25.6%
ROA
2.2%▼
2023 · 4.6%
Interest coverage
-34.01▼
2023 · -5.72
Debt
€15.34M▼
2023 · €16.71M
Debt ≤ 1 year
€15.34M▼
2023 · €16.71M
Income taxes
€4k▲
2023 · €4k
Staff costs
€1.80M▼
2023 · €1.81M
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€20.44M€19.50M▼
Formation expenses20€0€0=
Fixed assets21/28€2.75M€2.53M▼
Intangible fixed assets21€139k€77k▼
Tangible fixed assets22/27€2.41M€2.25M▼
Land and buildings22€838k€763k▼
Plant, machinery and equipment23€136k€136k▲
Furniture and vehicles24€1.43M€1.35M▼
Financial fixed assets28€200k€200k=
Current assets29/58€17.70M€16.97M▼
Amounts receivable within one year40/41€976k€1.20M▲
Trade receivables40€640k€752k▲
Other amounts receivable41€336k€450k▲
Current investments50/53€6.79M€6.94M▲
Cash at bank and in hand54/58€9.90M€8.77M▼
Deferred charges and accrued income490/1€32k€60k▲
Equity and liabilities
Total equity and liabilities10/49€20.44M€19.50M▼
Equity10/15€3.71M€4.13M▲
Reserves13€462k€462k=
Profit (loss) carried forward14€3.25M€3.67M▲
Provisions and deferred taxes16€23k€28k▲
Provisions for liabilities and charges160/5€23k€28k▲
Pensions and similar obligations160€23k€28k▲
Amounts payable17/49€16.71M€15.34M▼
Amounts payable within one year42/48€16.71M€15.34M▼
Current portion of amounts payable after more than one year42€2k-
Trade debts44€291k€157k▼
Suppliers440/4€291k€157k▼
Advances received on contracts in progress46€15.82M€14.46M▼
Taxes, remuneration and social security45€260k€201k▼
Taxes450/3€75k€4k▼
Remuneration and social security454/9€186k€196k▲
Income statement
Code20232024
Non-recurring operating income76A€34k€10k▼
Remuneration, social security and pensions62€1.81M€1.80M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€538k€551k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-19k
Other operating charges640/8€101k€122k▲
Non-recurring operating charges66A€7k€7k▼
Gross operating margin9900€3.16M€2.74M▼
Operating profit (loss)9901€657k€273k▼
Financial income75/76B€89k€128k▲
Recurring financial income75€89k€128k▲
Financial charges65/66B€-209k€-24k▲
Recurring financial charges65€-209k€-24k▲
Profit (loss) for the period before taxes9903€955k€425k▼
Income taxes67/77€4k€4k▲
Profit (loss) for the period9904€950k€421k▼
Profit (loss) for the period to be appropriated9905€950k€421k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.71M€3.67M▼
Profit (loss) brought forward from the previous period14P€2.76M€3.25M▲
To contributions691€462k-
Social balance
Average headcount (FTE)908728.828.6▼
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 98 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 57 days late
2023
31-12
Financial
Highest result since 2018net €950k ▲691%
Net result €950k, the highest in the series.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
31-12
Financial
Weakest financial yearnet €120k ▼50.3%
Net result drops to €120k, the lowest in the series; recovery starts the following year.
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 123 days late
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 129 days late
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 125 days late
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 138 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
06-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 98 days late
2016
10-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 71 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Kasterlee · 1 establishment unit since 2003
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.
Turnhoutsebaan 1902460 KasterleeGround area
1,525 m²
Building footprint
364 m²
Volume, LiDAR
3,015 m³
Parcel 13017H0874/00A015, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SALAR vzw
since 20032.146.282.574
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017H0874/00A015 | Flanders | 1,524 m² | 1 · 364 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600GYPZLTQF0QRC55
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Of 11,177 companies in sector 82100 we hold annual accounts for 3,489. 725 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded28-04-1999
Fiscal year end31-12
Activities, NACEBEL
74854
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:014 282300