SALENCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €15.13M and a net result of €3.66M. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 66% of 5511 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-09-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
37 d early
2023
43 d early
2022
12 d early
2021
3 d late
2020
4 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close19-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€15.13M▲ 31.9%
2024 · €11.47M
2019: €6.81M
2020: €7.12M
2021: €9.01M
2022: €10.62M
2023: €10.26M
2024: €11.47M
2019 → 2025
Net result
€3.66M▲ 204%
2024 · €1.21M
2019: €496k
2020: €307k
2021: €1.89M
2022: €1.61M
2023: €1.71M
2024: €1.21M
2019 → 2025
Total assets
€21.91M▲ 17.5%
2024 · €18.64M
2019: €8.68M
2020: €9.81M
2021: €11.09M
2022: €12.54M
2023: €14.72M
2024: €18.64M
2019 → 2025
Solvency
69.1%▲ 7.5pp
2024 · 61.5%
2019: 78.5%
2020: 72.6%
2021: 81.2%
2022: 84.7%
2023: 69.7%
2024: 61.5%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9.01M-€10.62M▲ 17.9%€10.26M▼ 3.4%€11.47M▲ 11.8%€15.13M▲ 31.9%
Operating result€1.07M-€2.01M▲ 86.9%€2.09M▲ 4.0%€1.70M▼ 18.5%€705k▼ 58.6%
Net result€1.89M-€1.61M▼ 14.9%€1.71M▲ 6.5%€1.21M▼ 29.6%€3.66M▲ 204%
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; 2025 is 59% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.91M
Fixed assets
€7.65M▲ 8.8%
Current assets
€14.26M▲ 22.8%
Equity and liabilities €21.91M
Equity
€15.13M▲ 31.9%
Provisions
€65k▼ 10.7%
Debt
€6.72M▼ 5.4%
The debt ratio falls from 38.1% to 30.7%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
69.1%▲
2024 · 61.5%
ROE
24.2%▲
2024 · 10.5%
ROA
16.7%▲
2024 · 6.5%
Debt
€6.72M▼
2024 · €7.10M
Debt ≤ 1 year
€4.46M▼
2024 · €5.53M
Debt > 1 year
€2.09M▲
2024 · €1.43M
Income taxes
€242k▼
2024 · €409k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€18.64M€21.91M▲
Fixed assets21/28€7.03M€7.65M▲
Tangible fixed assets22/27€3.81M€4.44M▲
Land and buildings22€3.66M€4.17M▲
Plant, machinery and equipment23€5k€138k▲
Furniture and vehicles24€137k€139k▲
Other tangible fixed assets26€0-
Financial fixed assets28€3.23M€3.21M▼
Current assets29/58€11.61M€14.26M▲
Amounts receivable after more than one year29-€125k
Other amounts receivable291-€125k
Amounts receivable within one year40/41€10.88M€13.33M▲
Trade receivables40€0€64k▲
Other amounts receivable41€10.88M€13.26M▲
Current investments50/53€10k€10k=
Cash at bank and in hand54/58€109k€326k▲
Deferred charges and accrued income490/1€613k€474k▼
Equity and liabilities
Total equity and liabilities10/49€18.64M€21.91M▲
Equity10/15€11.47M€15.13M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€453k€435k▼
Non-distributable reserves130/1€213k€213k=
Legal reserve130€213k€213k=
Tax-exempt reserves132€177k€159k▼
Distributable reserves133€63k€63k=
Profit (loss) carried forward14€10.95M€14.63M▲
Provisions and deferred taxes16€72k€65k▼
Deferred taxes168€72k€65k▼
Amounts payable17/49€7.10M€6.72M▼
Amounts payable after more than one year17€1.43M€2.09M▲
Financial debts170/4€1.43M€2.09M▲
Amounts payable within one year42/48€5.53M€4.46M▼
Current portion of amounts payable after more than one year42€94k€228k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€11k€12k▲
Suppliers440/4€11k€12k▲
Taxes, remuneration and social security45€111k€10k▼
Taxes450/3€111k€2k▼
Remuneration and social security454/9-€8k
Other amounts payable47/48€5.31M€4.21M▼
Accrued charges and deferred income492/3€142k€161k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€223k▲
Other operating charges640/8€26k€23k▼
Non-recurring operating charges66A-€31k
Gross operating margin9900€1.84M€982k▼
Operating profit (loss)9901€1.70M€705k▼
Financial income75/76B€373k€3.69M▲
Recurring financial income75€373k€3.45M▲
Non-recurring financial income76B-€233k
Financial charges65/66B€464k€492k▲
Recurring financial charges65€231k€242k▲
Non-recurring financial charges66B€233k€251k▲
Profit (loss) for the period before taxes9903€1.61M€3.90M▲
Transfer from deferred taxes780€5k€8k▲
Income taxes67/77€409k€242k▼
Profit (loss) for the period9904€1.21M€3.66M▲
Transfer from tax-exempt reserves789€12k€18k▲
Profit (loss) for the period to be appropriated9905€1.22M€3.68M▲
Appropriation of the result
Profit (loss) to be appropriated9906€10.95M€14.63M▲
Profit (loss) brought forward from the previous period14P€9.73M€10.95M▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
State Gazette act
RestructuringBoard meeting · Merger · Capital19 facts ▸
State Gazette act
Restructuring
Board meeting · Merger · Capital19 facts ▸
- Board meeting, 2026-07-02
- Merger, splitsing door oprichting
- Merger, splitsing door oprichting
- Capital, €62.000
- Board composition, gedelegeerd bestuurder, 2026-07-02
- Board composition, bestuurder, 2026-07-02
- Corporate purpose, De vennootschap heeft als voorwerp, zo in België als in het buitenland, hetzij rechtstreeks, hetzij als tussenpersoon, alle activiteiten als holding, patrimoniu…
- Capital, €433,15
- Permanent representative, Laura Saelens
- Corporate purpose, De vennootschap heeft als voorwerp, zo in België als in het buitenland, hetzij rechtstreeks, hetzij als tussenpersoon, alle activiteiten als holding, patrimoniu…
- Capital, €61.567,19
- Corporate purpose, De vennootschap heeft als voorwerp, zo in België als in het buitenland, hetzij rechtstreeks, hetzij als tussenpersoon, alle activiteiten als holding, patrimoniu…
- +7 further facts in this act
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €3.66M ▲204%
Net result €3.66M, the highest in the series.
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €10MEq €10.62M ▲17.9%
4 profitable years in a row build equity to €10.62M.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Weakest financial yearnet €307k ▼38%
Net result drops to €307k, the lowest in the series; recovery starts the following year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
16-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
26-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2014
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-03-2014
Christophe Saelens: Resigned as Director
01-03-2014
Olivia Saelens: Resigned as Director
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2000
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.
Kalkhoevestraat 308790 WaregemGround area
596 m²
Building footprint
528 m²
Volume, LiDAR
199 m³
Parcel 34452B0655/00B006, Flanders · tallest building 5.5 m. Linked by address, not a title deed.
1 establishment unit
SALENCO
since 20002.047.246.366
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0655/00B006 | Flanders | 596 m² | 1 · 528 m² | 5.5 m |
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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Acquisitions and mergers
2 transactionsTook over:PRO FIRE GROUP NV
Took over:SALENCO NV
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 59 EUR awarded · 59 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 59 EUR | 59 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
967600DNXBX2MAC8B768
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 4,910 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-02-1990
Fiscal year end31-03
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.