Salelec
ActiveSummary
Salelec has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €64k and a net result of €3k. Equity is shrinking by ~9% per year across the filed fiscal years. Its solvency ranks better than 22% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
47
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability40▲+2
Solvency45▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity tight (current ratio 1.43 against 1.43 in 2023; short-term debt: 69.8% and cash: 6.1% of total assets), and 80.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
19.8%
Return on assets
0.9%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 22%
← weakest
strongest →
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 31-12-2025, 153 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
153 d late
2022
153 d late
2021
153 d late
2020
153 d late
2019
150 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€64k▲ 4.7%
2023 · €62k
2018: €113k
2019: €92k
2020: €66k
2021: €56k
2022: €60k
2023: €62k
2018 → 2024
Total assets
€325k▲ 2.8%
2023 · €316k
2018: €417k
2019: €474k
2020: €400k
2021: €324k
2022: €300k
2023: €316k
2018 → 2024
Net result
€3k▲ 133%
2023 · €1k
2018: €69k
2019: €-22k
2020: €-25k
2021: €-10k
2022: €4k
2023: €1k
2018 → 2024
Working capital
€98k▲ 3.0%
2023 · €95k
2018: €127k
2019: €106k
2020: €83k
2021: €73k
2022: €61k
2023: €95k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€66k-€56k▼ 15.0%€60k▲ 7.1%€62k▲ 2.0%€64k▲ 4.7%
Operating result€-25k-€-9k▲ 62.5%€5k€2k▼ 65.8%€3k▲ 106%
Net result€-25k-€-10k▲ 60.8%€4k€1k▼ 69.1%€3k▲ 133%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 106% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €325k
Equity
€64k ▲ 4.7%
Debt
€261k ▲ 2.4%
Debt's share of the balance-sheet total falls from 80.5% to 80.2%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.43▲
2023 · 1.43
Quick ratio
1.35▲
2023 · 1.35
Debt to equity
4.05▼
2023 · 4.14
ROE
4.4%▲
2023 · 2.0%
ROA
0.9%▲
2023 · 0.4%
Debt ≤ 1 year
€227k▲
2023 · €221k
Income taxes
€100=
2023 · €100
Staff costs
€81k▲
2023 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€316k€325k▲
Current assets29/58€316k€325k▲
Stocks and contracts in progress3€18k€18k=
Contracts in progress37€18k€18k=
Amounts receivable within one year40/41€288k€288k▼
Trade receivables40€259k€259k=
Other amounts receivable41€28k€28k▼
Cash at bank and in hand54/58€11k€20k▲
Equity and liabilities
Total equity and liabilities10/49€316k€325k▲
Equity10/15€62k€64k▲
Contributions10/11€6k€6k=
Reserves13€54k€58k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€52k€56k▲
Profit (loss) carried forward14€1k-
Amounts payable17/49€255k€261k▲
Amounts payable within one year42/48€221k€227k▲
Trade debts44€209k€208k▼
Suppliers440/4€209k€208k▼
Taxes, remuneration and social security45€9k€16k▲
Taxes450/3€9k€16k▲
Other amounts payable47/48€3k€3k=
Accrued charges and deferred income492/3€34k€34k=
Income statement
Code20232024
Remuneration, social security and pensions62€58k€81k▲
Other operating charges640/8€446€449▲
Gross operating margin9900€60k€85k▲
Operating profit (loss)9901€2k€3k▲
Financial charges65/66B€246€281▲
Recurring financial charges65€246€281▲
Profit (loss) for the period before taxes9903€1k€3k▲
Income taxes67/77€100€100=
Profit (loss) for the period9904€1k€3k▲
Profit (loss) for the period to be appropriated9905€1k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€4k▲
Profit (loss) brought forward from the previous period14P€90€1k▲
Transfer to equity691/2-€4k
To other reserves6921-€4k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 153 days late
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
28-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 150 days late
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 89 days late
2018
07-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 68 days late
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Heusden-Zolder · 1 establishment unit since 2015
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.
Sint-Jansblok 303550 Heusden-ZolderGround area
927 m²
Building footprint
223 m²
Volume, LiDAR
2,161 m³
2 parcels, Flanders · tallest building 18.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SALELEC
since 20152.241.839.452
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71025A1944/00P006 | Flanders | 479 m² | 1 · 108 m² | 18.9 m · 4 fl. |
| 71025A1037/00G002 | Flanders | 448 m² | 1 · 116 m² | 9.9 m · 3 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.
Similar companies · same sector, comparable size
PVA Energy
BE 0897.715.895
Antwerpen · Eq €64,423
MI-TECHNICS
BE 0798.211.020
Oostende · Eq €64,413
ELEKTRICITEITSWERKEN VAN LANDEGHEM
BE 0766.272.779
Beveren-Kruibeke-Zwijndrecht · Eq €64,381
K-A Electrics
BE 1006.047.178
Lochristi · Eq €64,374
MEETEC
BE 0799.986.813
Mechelen · Eq €64,359
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,737 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
42220Construction of utility projects for electricity and telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.