SALIM
ActiveSummary
The computed 12-month bankruptcy probability of SALIM is 1.8% (moderate). The 2024 annual accounts show equity of €59,746 and a net result of €18,411. Equity is growing by ~38.4% per year across the filed fiscal years. Its solvency ranks better than 84% of 26049 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability97▲+20
Solvency100▲+22
Growth70=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 3.4 against 1.76 in 2023; short-term debt: 25.4% and cash: 23.4% of total assets), and 25.4% of the assets are financed with debt.
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Signals
Three 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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
not confirmed
2024
56 d late
2023
91 d late
2022
203 d late
2021
142 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 123 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€416,797▲ 43.5%
2022 · €290,424
EBIT margin
5.1%▲ 4.7pp
2022 · 0.3%
Net result
€18,411▲ 17.5%
2023 · €15,664
Working capital
€48,872▲ 76.0%
2023 · €27,761
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail 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
Line2021202220232024
Turnover€368,536-€290,424▼ 21.2%€416,797▲ 43.5%
Operating result-€73-€1,002€21,085▲ 2,004%€27,857▲ 32.1%
Net result-€2,328below the sector's middle half--€1within the sector's middle half▲ 100.0%€15,664within the sector's middle half€18,411within the sector's middle half▲ 17.5%
EBIT margin0.0%-0.3%▲ 0.4pp5.1%▲ 4.7pp
Equity€25,672within the sector's middle half-€25,671within the sector's middle half=€41,335within the sector's middle half▲ 61.0%€59,746within the sector's middle half▲ 44.5%
Total assets€59,654below the sector's middle half-€62,018within the sector's middle half▲ 4.0%€77,830within the sector's middle half▲ 25.5%€80,102within the sector's middle half▲ 2.9%
Debt€33,982-€36,347▲ 7.0%€36,495▲ 0.4%€20,356▼ 44.2%
Working capital€6,700within the sector's middle half-€9,398within the sector's middle half▲ 40.3%€27,761within the sector's middle half▲ 195%€48,872within the sector's middle half▲ 76.0%
Solvency43.0%within the sector's middle half-41.4%within the sector's middle half▼ 1.6pp53.1%within the sector's middle half▲ 11.7pp74.6%above the sector's middle half▲ 21.5pp
Current ratio1.20within the sector's middle half-1.26within the sector's middle half▲ 0.061.76within the sector's middle half▲ 0.503.40above the sector's middle half▲ 1.64
Return on assets (ROA)-3.9%below the sector's middle half-0.0%within the sector's middle half▲ 3.9pp20.1%above the sector's middle half▲ 20.1pp23.0%above the sector's middle half▲ 2.9pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail 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
The operating result has risen three years in a row; 2024 is 32% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €80,102
Fixed assets
€10,874 ▼ 19.9%
Current assets
€69,228 ▲ 7.7%
Equity and liabilities €80,102
Equity
€59,746 ▲ 44.5%
Debt
€20,356 ▼ 44.2%
Debt's share of the balance-sheet total falls from 46.9% to 25.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,556▲
2023 · €23,784
Cash flow
€21,110▲
2023 · €18,363
Quick ratio
1.07▲
2023 · 0.72
Debt to equity
0.34▼
2023 · 0.88
ROE
30.8%▼
2023 · 37.9%
Interest coverage
12.31▼
2023 · 13.99
Debt ≤ 1 year
€20,356▼
2023 · €36,495
Income taxes
€7,010▲
2023 · €3,782
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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%.
| 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 26,970 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
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €368,536 | €290,424 | €416,797 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €346,711 | €283,472 | €392,416 | - | - |
| Remuneration, social security and pensions62 | €17,880 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,019 | €2,699 | €2,699 | €2,699 | = |
| Other operating charges640/8 | - | €3,250 | €597 | €4,430 | ▲ 642% |
| Gross operating margin9900 | €21,825 | €6,952 | €24,381 | €34,986 | ▲ 43.5% |
| Operating profit (loss)9901 | -€73 | €1,002 | €21,085 | €27,857 | ▲ 32.1% |
| Financial income75/76B | - | - | €61 | €45 | ▼ 25.5% |
| Recurring financial income75 | - | - | €61 | €45 | ▼ 25.5% |
| Financial charges65/66B | €863 | €1,003 | €1,700 | €2,481 | ▲ 46.0% |
| Recurring financial charges65 | €863 | €1,003 | €1,700 | €2,481 | ▲ 46.0% |
| Profit (loss) for the period before taxes9903 | -€936 | -€1 | €19,445 | €25,421 | ▲ 30.7% |
| Income taxes67/77 | €1,393 | - | €3,782 | €7,010 | ▲ 85.3% |
| Profit (loss) for the period9904 | -€2,328 | -€1 | €15,664 | €18,411 | ▲ 17.5% |
| Profit (loss) for the period to be appropriated9905 | -€2,328 | -€1 | €15,664 | €18,411 | ▲ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €59,654 | €62,018 | €77,830 | €80,102 | ▲ 2.9% |
| Fixed assets21/28 | €18,972 | €16,273 | €13,573 | €10,874 | ▼ 19.9% |
| Tangible fixed assets22/27 | €18,972 | €16,273 | €13,573 | €10,874 | ▼ 19.9% |
| Plant, machinery and equipment23 | €4,437 | €3,937 | €3,437 | €2,937 | ▼ 14.5% |
| Other tangible fixed assets26 | €14,535 | €12,336 | €10,136 | €7,937 | ▼ 21.7% |
| Current assets29/58 | €40,682 | €45,745 | €64,256 | €69,228 | ▲ 7.7% |
| Stocks and contracts in progress3 | €25,145 | €30,700 | €38,162 | €47,477 | ▲ 24.4% |
| Stocks30/36 | €25,145 | €30,700 | €38,162 | €47,477 | ▲ 24.4% |
| Amounts receivable within one year40/41 | €3,290 | €1,816 | €1,775 | €2,822 | ▲ 59.0% |
| Trade receivables40 | €0 | - | - | - | - |
| Other amounts receivable41 | €3,290 | €1,816 | €1,775 | €2,822 | ▲ 59.0% |
| Cash at bank and in hand54/58 | €12,247 | €13,229 | €24,319 | €18,729 | ▼ 23.0% |
| Deferred charges and accrued income490/1 | - | - | - | €199 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €59,654 | €62,018 | €77,830 | €80,102 | ▲ 2.9% |
| Equity10/15 | €25,672 | €25,671 | €41,335 | €59,746 | ▲ 44.5% |
| Contributions10/11 | €28,000 | €28,000 | €28,000 | €28,000 | = |
| Capital10 | €28,000 | - | - | - | - |
| Issued capital100 | €28,000 | - | - | - | - |
| Profit (loss) carried forward14 | -€2,328 | -€2,329 | €13,335 | €31,746 | ▲ 138% |
| Amounts payable17/49 | €33,982 | €36,347 | €36,495 | €20,356 | ▼ 44.2% |
| Amounts payable within one year42/48 | €33,982 | €36,347 | €36,495 | €20,356 | ▼ 44.2% |
| Financial debts43 | €24 | €24 | - | - | - |
| Credit institutions430/8 | €24 | €24 | - | - | - |
| Trade debts44 | €31,626 | €36,323 | €31,259 | €6,696 | ▼ 78.6% |
| Suppliers440/4 | €31,626 | €36,323 | €31,259 | €6,696 | ▼ 78.6% |
| Taxes, remuneration and social security45 | €2,332 | €0 | €5,236 | €13,660 | ▲ 161% |
| Taxes450/3 | €0 | €0 | €5,236 | €12,160 | ▲ 132% |
| Remuneration and social security454/9 | €2,332 | €0 | - | €1,500 | - |
| Other amounts payable47/48 | €0 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,328 | -€1 | €15,664 | €18,411 | ▲ 17.5% |
| + Depreciation and write-downs630 | €4,019 | €2,699 | €2,699 | €2,699 | = |
| Operating cash flow (approximation) | €1,690 | €2,699 | €18,363 | €21,110 | ▲ 15.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €982 | €11,089 | -€5,590 | ▼ 150% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Highest result since 2021net €18,411 ▲17.5%
Operating result €27,857, net result €18,411, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
19-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 203 days late
2023
31-12
Financial
Back to profitnet €15,664
Net result €15,664 after 2 loss-making years.
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 142 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Truiden · 1 establishment unit since 2020
Ground area
183 m²
Building footprint
177 m²
Volume, LiDAR
1,317 m³
Parcel 71053H1018/00P000, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SALIM
since 20202.304.223.518
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71053H1018/00P000 | Flanders | 183 m² | 1 · 177 m² | 12.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 siteSint-Truiden2.304.223.518
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,854. 4,661 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
Founded29-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47210Retail sale of fruit and vegetables
47241Retail sale of bread and pastry (bakery outlets)
47750Retail sale of cosmetics and toilet articles
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749521077
Also
9925:BE0749521077
Registered
15-12-2025
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.