SALGO
ActiveThe computed 12-month bankruptcy probability of SALGO is 3.8% (moderate). The annual accounts of SALGO for fiscal year 2025 show a net loss of 73% of the equity at the start of that year. The 2025 annual accounts show equity of €1k and a net result of €-4k. Equity is shrinking by ~35.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
27
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-6
Solvency38▼-21
Growth58=
Track record94
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.12 against 1.49 in 2024; short-term debt: 87.1% and cash: 25.7% of total assets), and 87.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
12.9%
Return on assets
-34.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
19 d late
2024
27 d late
2023
12 d early
2022
13 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1k▼ 72.6%
2024 · €5k
2022: €8k
2023: €7k
2024: €5k
2022 → 2025
Total assets
€10k▼ 28.1%
2024 · €14k
2022: €10k
2023: €8k
2024: €14k
2022 → 2025
Net result
€-4k▼ 97.7%
2024 · €-2k
2022: €-4k
2023: €-2k
2024: €-2k
2022 → 2025
Working capital
€1k▼ 76.1%
2024 · €5k
2022: €8k
2023: €6k
2024: €5k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€8k-€7k▼ 20.2%€5k▼ 26.9%€1k▼ 72.6%
Operating result€-4k-€-2k▲ 60.3%€-2k▼ 6.6%€-3k▼ 100%
Net result€-4k-€-2k▲ 59.2%€-2k▼ 6.5%€-4k▼ 97.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €2k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10k
Fixed assets
€225=
Current assets
€10k▼ 28.6%
Equity and liabilities €10k
Equity
€1k▼ 72.6%
Debt
€9k▼ 5.4%
The debt ratio rises from 66.2% to 87.1%. Equity and debt are lower.
Key figures and ratios
Solvency
12.9%▼
2024 · 33.8%
Current ratio
1.12▼
2024 · 1.49
Quick ratio
1.12▼
2024 · 1.49
Debt / equity
6.77▲
2024 · 1.96
ROE
-265.3%▼
2024 · -36.7%
ROA
-34.2%▼
2024 · -12.4%
Debt
€9k▼
2024 · €10k
Debt ≤ 1 year
€9k▼
2024 · €10k
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€14k€10k▼
Fixed assets21/28€225€225=
Financial fixed assets28€225€225=
Current assets29/58€14k€10k▼
Amounts receivable after more than one year29€8k€8k=
Other amounts receivable291€8k€8k=
Amounts receivable within one year40/41€1k€0▼
Other amounts receivable41€1k€0▼
Cash at bank and in hand54/58€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€14k€10k▼
Equity10/15€5k€1k▼
Contributions10/11€13k€13k=
Profit (loss) carried forward14€-8k€-11k▼
Amounts payable17/49€10k€9k▼
Amounts payable within one year42/48€10k€9k▼
Trade debts44€517€0▼
Suppliers440/4€517€0▼
Other amounts payable47/48€9k€9k=
Income statement
Code20242025
Other operating charges640/8€703€2k▲
Gross operating margin9900€-1k€-1k▼
Operating profit (loss)9901€-2k€-3k▼
Financial charges65/66B€46€50▲
Recurring financial charges65€46€50▲
Profit (loss) for the period before taxes9903€-2k€-4k▼
Profit (loss) for the period9904€-2k€-4k▼
Profit (loss) for the period to be appropriated9905€-2k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-11k▼
Profit (loss) brought forward from the previous period14P€-6k€-8k▼
The notes to these accounts (4 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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
NBB filing
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, Oosterzele · 1 establishment unit since 2021
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.
Rooberg 27A9860 OosterzeleGround area
1,001 m²
Building footprint
109 m²
Volume, LiDAR
698 m³
Parcel 44031A0410/00L000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Salgo
since 20212.325.080.595
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44031A0410/00L000 | Flanders | 1,001 m² | 1 · 109 m² | 8.7 m · 2 fl. |
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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2021
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 4 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.