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SaLes

Active
Private limited companyfounded 20233 yrs activeQuai Godefroid-Kurth 13, 4020 Liège, BelgiumKBO/BCE: BE 0803.942.037
Summary

The computed 12-month bankruptcy probability of SaLes is 4.0% (moderate). The 2024 annual accounts show equity of €10,073 and a net result of -€6,089. Its solvency ranks better than 34% of 15872 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability7▼-93
Solvency43▼-46
Growth32
Track record94
Bankruptcy probability, 12 months
4.0% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.38 against 2.64 in 2023; short-term debt: 81.4% and cash: 4.1% of total assets), and 81.7% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
18.3%
Return on assets
-11.1%
Age of the figures
21 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 30-06-2025, 31 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
31 d early
2023
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
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

On 13 July 2023, SaLes was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

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

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Financials · fiscal year 2024, micro schema

Equity
€10,073▼ 37.7%
2023 · €16,162
Total assets
€55,008▲ 117%
2023 · €25,389
Net result
-€6,089
2023 · €13,162
Working capital
-€27,661
2023 · €15,088
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20232024
Operating result€19,229--€2,919
Net result€13,162within the sector's middle half--€6,089below the sector's middle half
Equity€16,162within the sector's middle half-€10,073within the sector's middle half▼ 37.7%
Total assets€25,389below the sector's middle half-€55,008below the sector's middle half▲ 117%
Debt€9,227-€44,935▲ 387%
Working capital€15,088within the sector's middle half--€27,661below the sector's middle half
Solvency63.7%within the sector's middle half-18.3%within the sector's middle half▼ 45.3pp
Current ratio2.64within the sector's middle half-0.38below the sector's middle half▼ 2.25
Return on assets (ROA)51.8%above the sector's middle half--11.1%below the sector's middle half▼ 62.9pp
Staff (FTE)0.2
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2023: €19,229€19,229Net result 2023: €13,162€13,162Operating result 2024: -€2,919-€2,919Net result 2024: -€6,089-€6,08920232024-€10,000€0€10,000€20,000Operating result 2023: €19,229€19,200Net result 2023: €13,162€13,200Operating result 2024: -€2,919-€2,920Net result 2024: -€6,089-€6,09020232024
The operating result turns negative in 2024: a loss of €2,919 after €19,229 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €55,008
Fixed assets €37,900 ▲ 3,428%
Current assets €17,109 ▼ 29.6%
Equity and liabilities €55,008
Equity €10,073 ▼ 37.7%
Debt €44,935 ▲ 387%
Debt's share of the balance-sheet total rises from 36.3% to 81.7%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€480▼
2023 · €19,273
Cash flow
-€2,689▼
2023 · €13,206
Quick ratio
0.31▼
2023 · 2.64
Debt to equity
4.46▲
2023 · 0.57
ROE
-60.4%▼
2023 · 81.4%
Interest coverage
0.19▼
2023 · 29.55
Debt ≤ 1 year
€44,769▲
2023 · €9,227
Income taxes
€694▼
2023 · €5,415
Staff costs
€4,231
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,206 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
4.1% stopped otherwise
90% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,206 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€25,389€55,008▲
Fixed assets21/28€1,074€37,900▲
Intangible fixed assets21-€29,191
Tangible fixed assets22/27€1,074€8,709▲
Plant, machinery and equipment23-€2,406
Furniture and vehicles24€1,074€6,303▲
Current assets29/58€24,314€17,109▼
Stocks and contracts in progress3-€3,097
Stocks30/36-€3,097
Amounts receivable within one year40/41€15,016€6,706▼
Trade receivables40€10,016€2,400▼
Other amounts receivable41€5,000€4,306▼
Cash at bank and in hand54/58€6,243€2,239▼
Deferred charges and accrued income490/1€3,055€5,066▲
Equity and liabilities
Total equity and liabilities10/49€25,389€55,008▲
Equity10/15€16,162€10,073▼
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€13,162€7,073▼
Amounts payable17/49€9,227€44,935▲
Amounts payable within one year42/48€9,227€44,769▲
Trade debts44€486€3,846▲
Suppliers440/4€486€3,846▲
Taxes, remuneration and social security45€8,741€6,677▼
Taxes450/3€8,741€4,510▼
Remuneration and social security454/9-€2,166
Other amounts payable47/48-€34,247
Accrued charges and deferred income492/3-€166
Income statement Code20232024
Remuneration, social security and pensions62-€4,231
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44€3,399▲
Other operating charges640/8€1,036€343▼
Gross operating margin9900€20,309€5,054▼
Operating profit (loss)9901€19,229-€2,919▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€652€2,476▲
Recurring financial charges65€652€2,476▲
Profit (loss) for the period before taxes9903€18,577-€5,395▼
Income taxes67/77€5,415€694▼
Profit (loss) for the period9904€13,162-€6,089▼
Profit (loss) for the period to be appropriated9905€13,162-€6,089▼
Appropriation of the result
Profit (loss) to be appropriated9906€13,162€7,073▼
Profit (loss) brought forward from the previous period14P-€13,162

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62-€4,231-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44€3,399▲ 7,663%
Other operating charges640/8€1,036€343▼ 66.9%
Gross operating margin9900€20,309€5,054▼ 75.1%
Operating profit (loss)9901€19,229-€2,919▼ 115%
Financial income75/76B€0€0▲ 300%
Recurring financial income75€0€0▲ 300%
Financial charges65/66B€652€2,476▲ 280%
Recurring financial charges65€652€2,476▲ 280%
Profit (loss) for the period before taxes9903€18,577-€5,395▼ 129%
Income taxes67/77€5,415€694▼ 87.2%
Profit (loss) for the period9904€13,162-€6,089▼ 146%
Profit (loss) for the period to be appropriated9905€13,162-€6,089▼ 146%
Line20232024Change
Assets
Total assets20/58€25,389€55,008▲ 117%
Fixed assets21/28€1,074€37,900▲ 3,428%
Intangible fixed assets21-€29,191-
Tangible fixed assets22/27€1,074€8,709▲ 711%
Plant, machinery and equipment23-€2,406-
Furniture and vehicles24€1,074€6,303▲ 487%
Current assets29/58€24,314€17,109▼ 29.6%
Stocks and contracts in progress3-€3,097-
Stocks30/36-€3,097-
Amounts receivable within one year40/41€15,016€6,706▼ 55.3%
Trade receivables40€10,016€2,400▼ 76.0%
Other amounts receivable41€5,000€4,306▼ 13.9%
Cash at bank and in hand54/58€6,243€2,239▼ 64.1%
Deferred charges and accrued income490/1€3,055€5,066▲ 65.8%
Equity and liabilities
Total equity and liabilities10/49€25,389€55,008▲ 117%
Equity10/15€16,162€10,073▼ 37.7%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€13,162€7,073▼ 46.3%
Amounts payable17/49€9,227€44,935▲ 387%
Amounts payable within one year42/48€9,227€44,769▲ 385%
Trade debts44€486€3,846▲ 691%
Suppliers440/4€486€3,846▲ 691%
Taxes, remuneration and social security45€8,741€6,677▼ 23.6%
Taxes450/3€8,741€4,510▼ 48.4%
Remuneration and social security454/9-€2,166-
Other amounts payable47/48-€34,247-
Accrued charges and deferred income492/3-€166-
Line20232024Change
Profit (loss) for the period9904€13,162-€6,089▼ 146%
+ Depreciation and write-downs630€44€3,399▲ 7,663%
Operating cash flow (approximation)€13,206-€2,689▼ 120%
Investment in fixed assets (approximation)--€40,225-
Change in cash--€4,004-

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

2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Liège · 2 establishment units since 2023
seat establishment All 2 establishment units on the map
Ground area
874 m²
Building footprint
655 m²
Volume, LiDAR
19,130 m³
2 parcels, Wallonia · tallest building 33.6 m, ±10 floors. Linked by address, not a title deed.
10 companies at this address See who is registered here
2 establishment units
SaLes
Quai Godefroid-Kurth 13, 4020 LiègeNACE 45112
since 20232.348.281.512
Fritrerie Du Longdoz
Place Sylvain-Dupuis 7, 4020 LiègeFull-service restaurants
since 20242.366.371.715
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62808A0004/02L000 Wallonia 518 m² 1 · 488 m² 32.2 m · 10 fl.
62816D0611/00M003 Wallonia 356 m² 1 · 167 m² 33.6 m · 10 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Liège2.366.371.715
1 permission
Toelating · Eetgelegenheid · since 13-05-2025

Similar companies · same sector, comparable size

Of 4,414 companies in sector 46180 we hold annual accounts for 1,892. 904 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded13-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
56112Limited-service restaurants, excluding mobile food services
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID 0208:0803942037
Also 9925:BE0803942037
Registered 24-11-2025

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

Register as of 28 September 2026 · Peppol Directory

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