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Salar Group

Active Risk: not assessed
Public limited companyfounded 198838 yrs activeTurnhoutsebaan 190, 2460 Kasterlee, BelgiumKBO/BCE: BE 0433.280.588
Summary

Salar Group is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €2.1m and a net result of €209,413. Equity is growing by ~16% per year across the filed fiscal years. The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
32 d early
2024
34 d early
2023
8 d early
2022
7 d late
2021
45 d early
2020
54 d early
2019
23 d early
← 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 27 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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. Usually files around 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Salar Group was incorporated on 29 January 1988.1 Total assets rose from EUR 674,336 in 2018 to EUR 2.8 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€2.1m▲ 7.9%
2023 · €1.9m
Net result
€209,413▼ 37.2%
2023 · €333,639
Total assets
€2.8m▲ 7.2%
2023 · €2.6m
Solvency
73.4%▲ 0.5pp
2023 · 72.9%
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20202021202220232024
Operating result€132,911▲ 3.9%€137,708▲ 3.6%€175,463▲ 27.4%€514,262▲ 193%€331,024▼ 35.6%
Net result€93,175above the sector's middle half▲ 0.1%€93,472above the sector's middle half▲ 0.3%€128,789within the sector's middle half▲ 37.8%€333,639above the sector's middle half▲ 159%€209,413above the sector's middle half▼ 37.2%
Equity€769,721above the sector's middle half▲ 13.8%€717,107above the sector's middle half▼ 6.8%€775,692within the sector's middle half▲ 8.2%€1.9mwithin the sector's middle half▲ 146%€2.1mwithin the sector's middle half▲ 7.9%
Total assets€984,285above the sector's middle half▲ 20.5%€1.3mabove the sector's middle half▲ 34.0%€1.5mwithin the sector's middle half▲ 12.9%€2.6mwithin the sector's middle half▲ 75.7%€2.8mwithin the sector's middle half▲ 7.2%
Debt€214,563▲ 53.1%€601,641▲ 180%€712,943▲ 18.5%€709,750▼ 0.4%€747,466▲ 5.3%
Working capital€613,282above the sector's middle half▼ 3.5%€198,292above the sector's middle half▼ 67.7%€330,963above the sector's middle half▲ 66.9%€297,941within the sector's middle half▼ 10.0%€350,763above the sector's middle half▲ 17.7%
Solvency78.2%above the sector's middle half▼ 4.6pp54.4%within the sector's middle half▼ 23.8pp52.1%within the sector's middle half▼ 2.3pp72.9%within the sector's middle half▲ 20.8pp73.4%within the sector's middle half▲ 0.5pp
Current ratio3.86above the sector's middle half▼ 1.681.33within the sector's middle half▼ 2.531.46within the sector's middle half▲ 0.131.42within the sector's middle half▼ 0.041.47within the sector's middle half▲ 0.05
Return on assets (ROA)9.5%within the sector's middle half▼ 1.9pp7.1%within the sector's middle half▼ 2.4pp8.7%within the sector's middle half▲ 1.6pp12.8%above the sector's middle half▲ 4.1pp7.5%within the sector's middle half▼ 5.3pp
above within below the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
€0€200,000€400,000€600,000Operating result 2020: €132,911€132,911Net result 2020: €93,175€93,175Operating result 2021: €137,708€137,708Net result 2021: €93,472€93,472Operating result 2022: €175,463€175,463Net result 2022: €128,789€128,789Operating result 2023: €514,262€514,262Net result 2023: €333,639€333,639Operating result 2024: €331,024€331,024Net result 2024: €209,413€209,41320202021202220232024€0€200,000€400,000€600,000Operating result 2022: €175,463€175,000Net result 2022: €128,789€129,000Operating result 2023: €514,262€514,000Net result 2023: €333,639€334,000Operating result 2024: €331,024€331,000Net result 2024: €209,413€209,000202220232024
The operating result falls in 2024; 2024 is 36% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.8m
Fixed assets €1.7m ▲ 6.1%
Current assets €1.1m ▲ 9.0%
Equity and liabilities €2.8m
Equity €2.1m ▲ 7.9%
Debt €747,466 ▲ 5.3%
Debt's share of the balance-sheet total falls from 27.1% to 26.6%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
ROE
10.2%▼
2023 · 17.5%
Debt ≤ 1 year
€747,466▲
2023 · €709,750
Income taxes
€102,599▼
2023 · €164,158
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet Code20232024
Assets
Total assets20/58€2.6m€2.8m▲
Fixed assets21/28€1.6m€1.7m▲
Tangible fixed assets22/27€368,102€466,668▲
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€368,102€466,668▲
Financial fixed assets28€1.2m€1.2m=
Current assets29/58€1.0m€1.1m▲
Amounts receivable within one year40/41€277,768€312,110▲
Trade receivables40€202,768€105,000▼
Other amounts receivable41€75,000€207,110▲
Current investments50/53€531,936€531,936=
Cash at bank and in hand54/58€197,987€254,183▲
Equity and liabilities
Total equity and liabilities10/49€2.6m€2.8m▲
Equity10/15€1.9m€2.1m▲
Contributions10/11€927,000€927,000=
Capital10€927,000€927,000=
Issued capital100€927,000€927,000=
Reserves13€979,043€1.1m▲
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Distributable reserves133€972,843€1.1m▲
Amounts payable17/49€709,750€747,466▲
Amounts payable within one year42/48€709,750€747,466▲
Financial debts43€400,000€400,000=
Credit institutions430/8€400,000€400,000=
Trade debts44€0€1,950▲
Suppliers440/4€0€1,950▲
Taxes, remuneration and social security45€301,345€345,454▲
Taxes450/3€301,345€345,454▲
Other amounts payable47/48€8,406€63▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57,087€101,224▲
Other operating charges640/8€4,843€23,562▲
Gross operating margin9900€576,192€455,810▼
Operating profit (loss)9901€514,262€331,024▼
Financial income75/76B€399€1,684▲
Recurring financial income75€399€1,684▲
Financial charges65/66B€16,863€20,695▲
Recurring financial charges65€16,863€20,695▲
Profit (loss) for the period before taxes9903€497,797€312,012▼
Income taxes67/77€164,158€102,599▼
Profit (loss) for the period9904€333,639€209,413▼
Profit (loss) for the period to be appropriated9905€333,639€209,413▼
Appropriation of the result
Profit (loss) to be appropriated9906€333,639€209,413▼
Transfer from equity791/2€68,289€58,024▼
Transfer to equity691/2€333,639€209,413▼
To other reserves6921€333,639€209,413▼
Profit to be distributed694/7€68,289€58,024▼
Return on contributions (dividend)694€68,289€58,024▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,425€12,760€24,086€57,087€101,224▲ 77.3%
Other operating charges640/8-€8,650€2,581€4,843€23,562▲ 387%
Gross operating margin9900€144,080€159,118€202,131€576,192€455,810▼ 20.9%
Operating profit (loss)9901€132,911€137,708€175,463€514,262€331,024▼ 35.6%
Financial income75/76B-€750€21,217€399€1,684▲ 322%
Recurring financial income75€750€750€21,217€399€1,684▲ 322%
Financial charges65/66B-€826€8,759€16,863€20,695▲ 22.7%
Recurring financial charges65€1,136€826€8,759€16,863€20,695▲ 22.7%
Profit (loss) for the period before taxes9903€132,526€137,631€187,921€497,797€312,012▼ 37.3%
Income taxes67/77€39,351€44,159€59,132€164,158€102,599▼ 37.5%
Profit (loss) for the period9904€93,175€93,472€128,789€333,639€209,413▼ 37.2%
Profit (loss) for the period to be appropriated9905€93,175€93,472€128,789€333,639€209,413▼ 37.2%
Line20202021202220232024Change
Assets
Total assets20/58€984,285€1.3m€1.5m€2.6m€2.8m▲ 7.2%
Fixed assets21/28€156,439€518,815€444,729€1.6m€1.7m▲ 6.1%
Tangible fixed assets22/27€31,439€93,815€69,729€368,102€466,668▲ 26.8%
Plant, machinery and equipment23-€0€0€0€0-
Furniture and vehicles24-€93,815€69,729€368,102€466,668▲ 26.8%
Financial fixed assets28€125,000€425,000€375,000€1.2m€1.2m=
Current assets29/58€827,846€799,932€1.0m€1.0m€1.1m▲ 9.0%
Amounts receivable within one year40/41€200,191€256,000€487,272€277,768€312,110▲ 12.4%
Trade receivables40--€195,772€202,768€105,000▼ 48.2%
Other amounts receivable41-€256,000€291,500€75,000€207,110▲ 176%
Current investments50/53€584,935€534,935€531,936€531,936€531,936=
Cash at bank and in hand54/58€42,719€8,998€24,698€197,987€254,183▲ 28.4%
Equity and liabilities
Total equity and liabilities10/49€984,285€1.3m€1.5m€2.6m€2.8m▲ 7.2%
Equity10/15€769,721€717,107€775,692€1.9m€2.1m▲ 7.9%
Contributions10/11€62,000€62,000€62,000€927,000€927,000=
Capital10-€62,000€62,000€927,000€927,000=
Issued capital100-€62,000€62,000€927,000€927,000=
Reserves13€707,721€655,107€713,692€979,043€1.1m▲ 15.5%
Non-distributable reserves130/1-€6,200€6,200€6,200€6,200=
Legal reserve130-€6,200€6,200€6,200€6,200=
Distributable reserves133-€648,907€707,492€972,843€1.1m▲ 15.6%
Amounts payable17/49€214,563€601,641€712,943€709,750€747,466▲ 5.3%
Amounts payable within one year42/48€214,563€601,641€712,943€709,750€747,466▲ 5.3%
Financial debts43-€400,000€400,000€400,000€400,000=
Credit institutions430/8-€400,000€400,000€400,000€400,000=
Trade debts44€295€4,716€0€0€1,950-
Suppliers440/4-€4,716€0€0€1,950-
Taxes, remuneration and social security45-€102,137€241,490€301,345€345,454▲ 14.6%
Taxes450/3-€102,137€241,490€301,345€345,454▲ 14.6%
Other amounts payable47/48-€94,788€71,452€8,406€63▼ 99.3%
Line20202021202220232024Change
Profit (loss) for the period9904€93,175€93,472€128,789€333,639€209,413▼ 37.2%
+ Depreciation and write-downs630€9,425€12,760€24,086€57,087€101,224▲ 77.3%
Operating cash flow (approximation)€102,600€106,232€152,875€390,727€310,637▼ 20.5%
Investment in fixed assets (approximation)--€375,136€50,000-€1.2m-€199,791▲ 83.6%
Change in cash--€33,722€15,700€173,289€56,196▼ 67.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
27-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Equity above €2mEq €2.1m ▲7.9%
7 profitable years in a row build equity to €2.1m.
23-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Highest result since 2018net €333,639 ▲159%
Operating result €514,262, net result €333,639, both a record.
31-12
Financial Equity above €1mEq €1.9m ▲146%
6 profitable years in a row build equity to €1.9m.
07-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
16-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
08-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
15-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
01-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
21-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 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
8 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 1988
seat establishment The establishment unit on the map
Ground 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.
4 companies at this address See who is registered here
1 establishment unit
VERLEYE
Turnhoutsebaan 190, 2460 KasterleeNACE 7230001
since 19882.034.840.165
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
Good to know
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

875500TF3K4OCGCAXX07
live in the LEI register

Similar companies · same sector, comparable size

Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 10,857 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded29-01-1988
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0433280588
Registered 02-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.