SALAR SERVICES
ActiveSummary
SALAR SERVICES has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €828k and a net result of €177k. Equity is growing by ~64% per year across the filed fiscal years. Its solvency ranks better than 43% of 2283 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▼-13
Solvency62▲+2
Growth78=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.17 in 2023; short-term debt: 37.6% and cash: 0.7% of total assets), and 62.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
37.2%
Return on assets
7.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
8 d early
2022
7 d late
2021
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€828k▲ 27.1%
2023 · €651k
Total assets
€2.22M▲ 18.6%
2023 · €1.87M
Net result
€177k▼ 49.1%
2023 · €347k
Working capital
€-816k▼ 64.3%
2023 · €-497k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€122k-€185k▲ 51.4%€499k▲ 170%€426k▼ 14.7%
Net result€67k-€112k▲ 68.6%€347k▲ 209%€177k▼ 49.1%
Equity€192k-€304k▲ 58.6%€651k▲ 114%€828k▲ 27.1%
Total assets€1.69M-€1.71M▲ 1.4%€1.87M▲ 9.4%€2.22M▲ 18.6%
Debt€1.50M-€1.41M▼ 5.9%€1.22M▼ 13.2%€1.40M▲ 14.0%
Working capital€-727k-€-708k▲ 2.7%€-497k▲ 29.8%€-816k▼ 64.3%
Staff (FTE)20.3-25.1▲ 23.6%24.9▼ 0.8%28.2▲ 13.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 15% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.22M
Fixed assets
€2.20M ▲ 24.4%
Current assets
€19k ▼ 81.5%
Equity and liabilities €2.22M
Equity
€828k ▲ 27.1%
Debt
€1.40M ▲ 14.0%
Debt's share of the balance-sheet total falls from 65.3% to 62.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€631k▼
2023 · €658k
Cash flow
€382k▼
2023 · €507k
Current ratio
0.02▼
2023 · 0.17
Debt to equity
1.68▼
2023 · 1.88
ROE
21.3%▼
2023 · 53.3%
ROA
7.9%▼
2023 · 18.5%
Interest coverage
56.75▲
2023 · 54.07
Debt ≤ 1 year
€835k▲
2023 · €599k
Debt > 1 year
€560k▼
2023 · €625k
Income taxes
€238k▲
2023 · €139k
Staff costs
€1.49M▲
2023 · €1.30M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1.17M | €1.22M | €1.30M | €1.49M | ▲ 14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €96k | €112k | €159k | €205k | ▲ 28.9% |
| Other operating charges640/8 | €11k | €11k | €13k | €14k | ▲ 2.4% |
| Non-recurring operating charges66A | - | - | - | €7k | - |
| Gross operating margin9900 | €1.40M | €1.53M | €1.97M | €2.14M | ▲ 8.7% |
| Operating profit (loss)9901 | €122k | €185k | €499k | €426k | ▼ 14.7% |
| Financial income75/76B | - | - | €0 | - | - |
| Recurring financial income75 | - | - | €0 | - | - |
| Financial charges65/66B | €14k | €13k | €12k | €11k | ▼ 8.7% |
| Recurring financial charges65 | €14k | €13k | €12k | €11k | ▼ 8.7% |
| Profit (loss) for the period before taxes9903 | €108k | €171k | €487k | €415k | ▼ 14.8% |
| Income taxes67/77 | €41k | €59k | €139k | €238k | ▲ 70.7% |
| Profit (loss) for the period9904 | €67k | €112k | €347k | €177k | ▼ 49.1% |
| Profit (loss) for the period to be appropriated9905 | €67k | €112k | €347k | €177k | ▼ 49.1% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.69M | €1.71M | €1.87M | €2.22M | ▲ 18.6% |
| Formation expenses20 | €2k | €1k | €806 | €403 | ▼ 50.0% |
| Fixed assets21/28 | €1.67M | €1.70M | €1.77M | €2.20M | ▲ 24.4% |
| Intangible fixed assets21 | - | - | €187k | €324k | ▲ 73.2% |
| Tangible fixed assets22/27 | €1.67M | €1.70M | €1.58M | €1.88M | ▲ 18.6% |
| Land and buildings22 | €1.57M | €1.49M | €1.40M | €1.32M | ▼ 5.9% |
| Plant, machinery and equipment23 | - | - | - | €14k | - |
| Furniture and vehicles24 | €102k | €214k | €182k | €545k | ▲ 199% |
| Current assets29/58 | €19k | €13k | €102k | €19k | ▼ 81.5% |
| Amounts receivable within one year40/41 | €11k | €5k | - | €4k | - |
| Other amounts receivable41 | €11k | €5k | - | €4k | - |
| Cash at bank and in hand54/58 | €8k | €8k | €102k | €15k | ▼ 85.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.69M | €1.71M | €1.87M | €2.22M | ▲ 18.6% |
| Equity10/15 | €192k | €304k | €651k | €828k | ▲ 27.1% |
| Contributions10/11 | €125k | €125k | €125k | €125k | = |
| Capital10 | €125k | €125k | €125k | €125k | = |
| Issued capital100 | €125k | €125k | €125k | €125k | = |
| Reserves13 | €13k | €13k | €13k | €13k | = |
| Non-distributable reserves130/1 | €13k | €13k | €13k | €13k | = |
| Legal reserve130 | €13k | €13k | €13k | €13k | = |
| Profit (loss) carried forward14 | €54k | €166k | €514k | €691k | ▲ 34.4% |
| Amounts payable17/49 | €1.50M | €1.41M | €1.22M | €1.40M | ▲ 14.0% |
| Amounts payable after more than one year17 | €752k | €689k | €625k | €560k | ▼ 10.4% |
| Financial debts170/4 | €752k | €689k | €625k | €560k | ▼ 10.4% |
| Amounts payable within one year42/48 | €747k | €721k | €599k | €835k | ▲ 39.5% |
| Current portion of amounts payable after more than one year42 | €62k | €63k | €64k | €65k | ▲ 1.7% |
| Trade debts44 | €4k | €7k | €31k | €50k | ▲ 63.5% |
| Suppliers440/4 | €4k | €7k | €31k | €50k | ▲ 63.5% |
| Taxes, remuneration and social security45 | €143k | €233k | €276k | €272k | ▼ 1.5% |
| Taxes450/3 | €27k | €66k | €140k | €98k | ▼ 29.6% |
| Remuneration and social security454/9 | €116k | €168k | €136k | €173k | ▲ 27.3% |
| Other amounts payable47/48 | €538k | €418k | €228k | €449k | ▲ 96.3% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67k | €112k | €347k | €177k | ▼ 49.1% |
| + Depreciation and write-downs630 | €96k | €112k | €159k | €205k | ▲ 28.9% |
| Operating cash flow (approximation) | €162k | €224k | €507k | €382k | ▼ 24.6% |
| Investment in fixed assets (approximation) | - | €-143k | €-232k | €-637k | ▼ 175% |
| Change in cash | - | €233 | €94k | €-87k | ▼ 192% |
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2021net €347k ▲209%
Operating result €499k, net result €347k, both a record.
31-12
Financial
Equity above €500kEq €651k ▲114%
3 profitable years in a row build equity to €651k.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
31-12
Financial
Equity above €200kEq €304k ▲58.6%
2 profitable years in a row build equity to €304k.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 · 2 establishment units since 2020
Ground area
2,946 m²
Building footprint
696 m²
Volume, LiDAR
8,277 m³
2 parcels, Flanders · tallest building 20.7 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
SALAR SERVICES
since 20202.309.252.967
SALAR SERVICES
since 20202.309.253.066
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017H0874/00A015 | Flanders | 1,524 m² | 1 · 364 m² | 12.4 m · 3 fl. |
| 13017H0874/00D015 | Flanders | 1,421 m² | 1 · 332 m² | 20.7 m · 6 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 to 2025 · 4 entries · 9,276 EUR awarded · 9,276 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 440 EUR | 440 EUR |
| 2024 | 1 | 4,331 EUR | 4,928 EUR |
| 2023 | 1 | 3,344 EUR | 2,747 EUR |
| 2022 | 1 | 1,161 EUR | 1,161 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,220 companies in sector 82100 we hold annual accounts for 3,511. 1,662 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
Founded04-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
Contact
E-mail
info@salar.be
Phone
014282300
Fax
014282400
Scores and ratios are computed by Checked and are not a credit decision.