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SALI

Active
Public limited companyfounded 199828 yrs activePr. Thuysbaertlaan 12, 9160 Lokeren, BelgiumKBO/BCE: BE 0464.198.448
Summary

SALI has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of -€80,108. Equity is growing by ~5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability17▼-18
Solvency69▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.76 in 2024; short-term debt: 50.4% and cash: 0.1% of total assets), but 56% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 28 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2025
Solvency, return and age of the figures
Solvency
44%
Return on assets
-2.5%
Age of the figures
18 mo
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 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 d early
2024
1 d early
2023
on the day
2022
30 d late
2021
3 d late
2020
27 d late
2019
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 8 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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 months
Position in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
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 23 September 1998, SALI was incorporated.1 Total assets went from EUR 4.5 million in 2019 to EUR 3.2 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€1.4m▼ 5.3%
2024 · €1.5m
Total assets
€3.2m▼ 3.1%
2024 · €3.3m
Net result
-€80,108
2024 · €31,061
Working capital
€1.1m▼ 7.1%
2024 · €1.2m
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
Line20212022202320242025
Operating result€60,280▼ 82.8%€346,729▲ 475%€318,457▼ 8.2%€101,536▼ 68.1%-€1,850
Net result-€513€217,148€200,765▼ 7.5%€31,061▼ 84.5%-€80,108
Equity€1.2m▼ 4.7%€1.4m▲ 11.7%€1.5m▲ 9.2%€1.5m▲ 0.9%€1.4m▼ 5.3%
Total assets€4.1m▼ 8.7%€3.3m▼ 18.2%€3.0m▼ 9.6%€3.3m▲ 10.9%€3.2m▼ 3.1%
Debt€2.8m▼ 10.3%€2.0m▼ 31.0%€1.5m▼ 22.6%€1.8m▲ 20.6%€1.8m▼ 1.3%
Working capital€1.1m▼ 17.6%€1.2m▲ 9.1%€1.2m▲ 3.5%€1.2m▼ 0.7%€1.1m▼ 7.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000Operating result 2021: €60,280€60,280Net result 2021: -€513-€513Operating result 2022: €346,729€346,729Net result 2022: €217,148€217,148Operating result 2023: €318,457€318,457Net result 2023: €200,765€200,765Operating result 2024: €101,536€101,536Net result 2024: €31,061€31,061Operating result 2025: -€1,850-€1,850Net result 2025: -€80,108-€80,10820212022202320242025-€100,000€0€100,000€200,000€300,000Operating result 2023: €318,457€318,000Net result 2023: €200,765€201,000Operating result 2024: €101,536€102,000Net result 2024: €31,061€31,100Operating result 2025: -€1,850-€1,850Net result 2025: -€80,108-€80,100202320242025
The operating result turns negative in 2025: a loss of €1,850 after €101,536 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets €450,677 ▼ 3.5%
Current assets €2.8m ▼ 3.0%
Equity and liabilities €3.2m
Equity €1.4m ▼ 5.3%
Debt €1.8m ▼ 1.3%
Debt's share of the balance-sheet total rises from 55.0% to 56.0%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€14,711▼
2024 · €118,097
Cash flow
-€63,547▼
2024 · €47,622
Current ratio
1.71▼
2024 · 1.76
Quick ratio
0.10▼
2024 · 0.16
Debt to equity
1.27▲
2024 · 1.22
ROE
-5.6%▼
2024 · 2.1%
ROA
-2.5%▼
2024 · 0.9%
Interest coverage
0.18▼
2024 · 1.76
Debt ≤ 1 year
€1.6m=
2024 · €1.6m
Debt > 1 year
€180,049▼
2024 · €203,926
Income taxes
-€591▼
2024 · €6,934
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% 1.6%
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 74% 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 8,594 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 · 2025 against 2024 · 49 lines
Balance sheet Code20242025
Assets
Total assets20/58€3.3m€3.2m▼
Fixed assets21/28€467,238€450,677▼
Tangible fixed assets22/27€467,238€450,677▼
Land and buildings22€467,238€450,677▼
Current assets29/58€2.9m€2.8m▼
Stocks and contracts in progress3€2.6m€2.6m▲
Stocks30/36€2.6m€2.6m▲
Amounts receivable within one year40/41€242,667€154,619▼
Other amounts receivable41€242,667€154,619▼
Cash at bank and in hand54/58€21,746€3,608▼
Equity and liabilities
Total equity and liabilities10/49€3.3m€3.2m▼
Equity10/15€1.5m€1.4m▼
Contributions10/11€61,973€61,973=
Capital10€61,973€61,973=
Issued capital100€61,973€61,973=
Reserves13€1.4m€1.4m▼
Non-distributable reserves130/1€6,197€6,197=
Legal reserve130€6,197€6,197=
Distributable reserves133€1.4m€1.4m▼
Amounts payable17/49€1.8m€1.8m▼
Amounts payable after more than one year17€203,926€180,049▼
Financial debts170/4€203,926€180,049▼
Amounts payable within one year42/48€1.6m€1.6m=
Current portion of amounts payable after more than one year42€37,621€23,877▼
Financial debts43€1.1m€1.1m=
Credit institutions430/8€1.1m€1.1m=
Trade debts44€2,205€2,313▲
Suppliers440/4€2,205€2,313▲
Taxes, remuneration and social security45€10,140-
Taxes450/3€10,140-
Other amounts payable47/48€487,010€511,477▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,561€16,561=
Other operating charges640/8€3,377€4,237▲
Gross operating margin9900€121,473€18,948▼
Operating profit (loss)9901€101,536-€1,850▼
Financial income75/76B€3,517€3,896▲
Recurring financial income75€3,517€3,896▲
Financial charges65/66B€67,057€82,745▲
Recurring financial charges65€67,057€82,745▲
Profit (loss) for the period before taxes9903€37,995-€80,698▼
Income taxes67/77€6,934-€591▼
Profit (loss) for the period9904€31,061-€80,108▼
Profit (loss) for the period to be appropriated9905€31,061-€80,108▼
Appropriation of the result
Profit (loss) to be appropriated9906€31,061-€80,108▼
Transfer from equity791/2-€80,108
Transfer to equity691/2€13,561-
To other reserves6921€13,561-
Profit to be distributed694/7€17,500-
Return on contributions (dividend)694€17,500-

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42,018€16,214€18,494€16,561€16,561=
Other operating charges640/8-€1,568€3,096€3,377€4,237▲ 25.5%
Gross operating margin9900€107,661€364,511€340,047€121,473€18,948▼ 84.4%
Operating profit (loss)9901€60,280€346,729€318,457€101,536-€1,850▼ 102%
Financial income75/76B-€4,191€4,022€3,517€3,896▲ 10.8%
Recurring financial income75€4,749€4,191€4,022€3,517€3,896▲ 10.8%
Financial charges65/66B-€62,560€48,631€67,057€82,745▲ 23.4%
Recurring financial charges65€65,541€62,560€48,631€67,057€82,745▲ 23.4%
Profit (loss) for the period before taxes9903-€513€288,360€273,849€37,995-€80,698▼ 312%
Income taxes67/77-€71,212€73,083€6,934-€591▼ 109%
Profit (loss) for the period9904-€513€217,148€200,765€31,061-€80,108▼ 358%
Profit (loss) for the period to be appropriated9905-€513€217,148€200,765€31,061-€80,108▼ 358%
Line20212022202320242025Change
Assets
Total assets20/58€4.1m€3.3m€3.0m€3.3m€3.2m▼ 3.1%
Fixed assets21/28€390,774€433,872€480,764€467,238€450,677▼ 3.5%
Tangible fixed assets22/27€390,774€433,872€480,764€467,238€450,677▼ 3.5%
Land and buildings22-€433,872€480,764€467,238€450,677▼ 3.5%
Current assets29/58€3.7m€2.9m€2.5m€2.9m€2.8m▼ 3.0%
Stocks and contracts in progress3€3.4m€2.2m€2.0m€2.6m€2.6m▲ 0.7%
Stocks30/36-€2.2m€2.0m€2.6m€2.6m▲ 0.7%
Amounts receivable within one year40/41€242,384€348,622€399,858€242,667€154,619▼ 36.3%
Trade receivables40--€180,000---
Other amounts receivable41-€348,622€219,858€242,667€154,619▼ 36.3%
Cash at bank and in hand54/58€1,541€337,022€111,625€21,746€3,608▼ 83.4%
Deferred charges and accrued income490/1-€1,280----
Equity and liabilities
Total equity and liabilities10/49€4.1m€3.3m€3.0m€3.3m€3.2m▼ 3.1%
Equity10/15€1.2m€1.4m€1.5m€1.5m€1.4m▼ 5.3%
Contributions10/11€61,973€61,973€61,973€61,973€61,973=
Capital10-€61,973€61,973€61,973€61,973=
Issued capital100-€61,973€61,973€61,973€61,973=
Reserves13€1.2m€1.3m€1.4m€1.4m€1.4m▼ 5.6%
Non-distributable reserves130/1-€6,197€6,197€6,197€6,197=
Legal reserve130-€6,197€6,197€6,197€6,197=
Distributable reserves133-€1.3m€1.4m€1.4m€1.4m▼ 5.6%
Amounts payable17/49€2.8m€2.0m€1.5m€1.8m€1.8m▼ 1.3%
Amounts payable after more than one year17€275,289€276,503€239,236€203,926€180,049▼ 11.7%
Financial debts170/4-€276,503€239,236€203,926€180,049▼ 11.7%
Amounts payable within one year42/48€2.6m€1.7m€1.3m€1.6m€1.6m=
Current portion of amounts payable after more than one year42-€31,299€34,796€37,621€23,877▼ 36.5%
Financial debts43-€739,987€590,000€1.1m€1.1m=
Credit institutions430/8-€739,987€590,000€1.1m€1.1m=
Trade debts44€27,869€22,753-€2,205€2,313▲ 4.9%
Suppliers440/4-€22,753-€2,205€2,313▲ 4.9%
Taxes, remuneration and social security45--€10,583€10,140--
Taxes450/3--€10,583€10,140--
Other amounts payable47/48-€890,234€643,013€487,010€511,477▲ 5.0%
Line20212022202320242025Change
Profit (loss) for the period9904-€513€217,148€200,765€31,061-€80,108▼ 358%
+ Depreciation and write-downs630€42,018€16,214€18,494€16,561€16,561=
Operating cash flow (approximation)€41,505€233,362€219,259€47,622-€63,547▼ 233%
Investment in fixed assets (approximation)--€59,312-€65,386-€3,035€0▲ 100%
Change in cash-€335,480-€225,397-€89,879-€18,137▲ 79.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
30-10
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial Weakest financial yearnet -€80,108
Net result drops to -€80,108, the lowest in the series.
2024
30-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
31-10
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
30-11
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
31-03
Financial Back to profitnet €217,148
Net result €217,148 after one loss-making year.
2021
03-11
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2020
27-11
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2019
30-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-10
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-10
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
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.
0 of 10 acts read
About the unread acts

We know of 10 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
10 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, Lokeren · 1 establishment unit since 1998
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.

Pr. Thuysbaertlaan 129160 Lokeren
1 establishment unit
Pr. Thuysbaertlaan 12, 9160 Lokeren
NACE 65236
since 19982.089.209.556

Structure & network

Owners and holdings

1 owner

Chain of control

  1. B&J Invest 100%
  2. SALI

Highest known parent: B&J Invest. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded23-09-1998
Fiscal year end31-03
E-invoicing
Reachable via Peppol
Peppol ID 0208:0464198448
Registered 27-03-2026

Register as of 27 September 2026 · Peppol Directory

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