Summary
SalixCo 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 €20.5m and a net result of €57,790. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 62% of 2413 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
32 d early
2024
22 d early
2023
41 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#1 company by equity in Pelt, Finance and insurance sector#4 company by total assets in Pelt, Finance and insurance sector
Equity
€20.5m▲ 0.3%
2024 · €20.5m
Net result
€57,790
2024 · -€16,917
Total assets
€27.6m▲ 0.8%
2024 · €27.3m
Solvency
74.6%▼ 0.4pp
2024 · 75.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line202320242025
Turnover€2.2m-€2.9m▲ 32.6%€3.9m▲ 33.1%
Operating result-€227,892-€258,187€335,284▲ 29.9%
Net result-€491,114below the sector's middle half--€16,917below the sector's middle half▲ 96.6%€57,790within the sector's middle half
Equity€20.0mabove the sector's middle half-€20.5mwithin the sector's middle half▲ 2.4%€20.5mwithin the sector's middle half▲ 0.3%
Total assets€26.5mwithin the sector's middle half-€27.3mwithin the sector's middle half▲ 3.1%€27.6mwithin the sector's middle half▲ 0.8%
Debt€6.5m-€6.8m▲ 5.4%€7.0m▲ 2.3%
Working capital€302,348-€1.2m▲ 286%€1.2m▲ 6.3%
Solvency75.5%within the sector's middle half-75.0%within the sector's middle half▼ 0.5pp74.6%within the sector's middle half▼ 0.4pp
Staff (FTE)1.5within the sector's middle half-2.4within the sector's middle half▲ 60.0%3within the sector's middle half▲ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27.6m
Fixed assets
€25.7m ▲ 0.2%
Current assets
€1.8m ▲ 9.6%
Equity and liabilities €27.6m
Equity
€20.5m ▲ 0.3%
Debt
€7.0m ▲ 2.3%
Debt's share of the balance-sheet total rises from 25.0% to 25.4%. Equity and debt are higher.
Key figures and ratios
ROE
0.3%▲
2024 · -0.1%
ROA
0.2%▲
2024 · -0.1%
Debt ≤ 1 year
€591,708▲
2024 · €505,940
Debt > 1 year
€6.4m▲
2024 · €6.3m
Income taxes
€350
Staff costs
€290,934▲
2024 · €212,831
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Operating income70/76A | €2.2m | €3.0m | €3.9m | ▲ 31.9% |
| Turnover70 | €2.2m | €2.9m | €3.9m | ▲ 33.1% |
| Other operating income74 | €2,202 | €73,145 | €61,780 | ▼ 15.5% |
| Operating charges60/66A | €2.4m | €2.7m | €3.6m | ▲ 32.1% |
| Services and other goods61 | €2.1m | €2.3m | €3.1m | ▲ 32.2% |
| Remuneration, social security and pensions62 | €99,836 | €212,831 | €290,934 | ▲ 36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,103 | €73,996 | €125,109 | ▲ 69.1% |
| Other operating charges640/8 | €168,231 | €74,273 | €49,910 | ▼ 32.8% |
| Non-recurring operating charges66A | - | €9,086 | €21,395 | ▲ 135% |
| Operating profit (loss)9901 | -€227,892 | €258,187 | €335,284 | ▲ 29.9% |
| Financial income75/76B | €36,908 | €60,065 | €58,503 | ▼ 2.6% |
| Recurring financial income75 | €36,908 | €60,065 | €58,503 | ▼ 2.6% |
| Income from financial fixed assets750 | €30,532 | €60,065 | €52,897 | ▼ 11.9% |
| Income from current assets751 | €6,376 | - | - | - |
| Other financial income752/9 | €1 | €0 | €5,606 | - |
| Financial charges65/66B | €300,130 | €335,168 | €335,647 | ▲ 0.1% |
| Recurring financial charges65 | €300,130 | €335,168 | €335,647 | ▲ 0.1% |
| Debt charges650 | €298,461 | €334,653 | €334,596 | = |
| Other financial charges652/9 | €1,670 | €515 | €1,051 | ▲ 104% |
| Profit (loss) for the period before taxes9903 | -€491,114 | -€16,917 | €58,140 | ▲ 444% |
| Income taxes67/77 | - | - | €350 | - |
| Taxes670/3 | - | - | €350 | - |
| Profit (loss) for the period9904 | -€491,114 | -€16,917 | €57,790 | ▲ 442% |
| Profit (loss) for the period to be appropriated9905 | -€491,114 | -€16,917 | €57,790 | ▲ 442% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €26.5m | €27.3m | €27.6m | ▲ 0.8% |
| Fixed assets21/28 | €25.4m | €25.7m | €25.7m | ▲ 0.2% |
| Intangible fixed assets21 | €141,407 | €254,019 | €264,344 | ▲ 4.1% |
| Tangible fixed assets22/27 | €48,126 | €88,450 | €118,441 | ▲ 33.9% |
| Plant, machinery and equipment23 | - | €28,232 | €44,081 | ▲ 56.1% |
| Furniture and vehicles24 | €48,126 | €48,035 | €40,610 | ▼ 15.5% |
| Assets under construction and advance payments27 | - | €12,183 | €33,750 | ▲ 177% |
| Financial fixed assets28 | €25.2m | €25.3m | €25.3m | ▲ 0.1% |
| Affiliated companies280/1 | €25.2m | €25.3m | €25.3m | = |
| Participating interests280 | €24.0m | €24.0m | €24.0m | = |
| Amounts receivable281 | €1.2m | €1.3m | €1.3m | = |
| Other financial fixed assets284/8 | - | - | €13,808 | - |
| Amounts receivable and cash guarantees285/8 | - | - | €13,808 | - |
| Current assets29/58 | €1.1m | €1.7m | €1.8m | ▲ 9.6% |
| Amounts receivable within one year40/41 | €980,257 | €1.4m | €1.5m | ▲ 12.5% |
| Trade receivables40 | €959,737 | €1.3m | €1.4m | ▲ 10.0% |
| Other amounts receivable41 | €20,521 | €56,421 | €96,022 | ▲ 70.2% |
| Cash at bank and in hand54/58 | €134,788 | €301,695 | €274,304 | ▼ 9.1% |
| Deferred charges and accrued income490/1 | €2,275 | €14,321 | €31,770 | ▲ 122% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €26.5m | €27.3m | €27.6m | ▲ 0.8% |
| Equity10/15 | €20.0m | €20.5m | €20.5m | ▲ 0.3% |
| Contributions10/11 | €20.5m | €21.0m | €21.0m | = |
| Profit (loss) carried forward14 | -€491,114 | -€508,031 | -€450,241 | ▲ 11.4% |
| Amounts payable17/49 | €6.5m | €6.8m | €7.0m | ▲ 2.3% |
| Amounts payable after more than one year17 | €5.7m | €6.3m | €6.4m | ▲ 1.1% |
| Financial debts170/4 | €5.7m | €6.3m | €6.4m | ▲ 1.1% |
| Subordinated loans170 | €2.7m | €2.8m | €3.0m | ▲ 6.0% |
| Credit institutions173 | €2.0m | €2.0m | €2.0m | = |
| Other loans174 | €1.0m | €1.5m | €1.4m | ▼ 6.6% |
| Amounts payable within one year42/48 | €814,973 | €505,940 | €591,708 | ▲ 17.0% |
| Trade debts44 | €269,138 | €379,498 | €402,100 | ▲ 6.0% |
| Suppliers440/4 | €269,138 | €379,498 | €402,100 | ▲ 6.0% |
| Taxes, remuneration and social security45 | €76,315 | €100,200 | €109,656 | ▲ 9.4% |
| Taxes450/3 | €67,423 | €55,043 | €83,788 | ▲ 52.2% |
| Remuneration and social security454/9 | €8,892 | €45,157 | €25,868 | ▼ 42.7% |
| Other amounts payable47/48 | €469,520 | €26,242 | €79,953 | ▲ 205% |
| Accrued charges and deferred income492/3 | €1,606 | €661 | €2,117 | ▲ 220% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€491,114 | -€16,917 | €57,790 | ▲ 442% |
| + Depreciation and write-downs630 | €20,103 | €73,996 | €125,109 | ▲ 69.1% |
| Operating cash flow (approximation) | -€471,011 | €57,079 | €182,899 | ▲ 220% |
| Investment in fixed assets (approximation) | - | -€351,931 | -€179,233 | ▲ 49.1% |
| Change in cash | - | €166,907 | -€27,392 | ▼ 116% |
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
Next filing, fiscal year 2026, expected by
2026
14-08
State Gazette act
Reappointment: Moore Audit BV (statutory auditor)2 facts ▸
State Gazette act
Reappointment: Moore Audit BV (statutory auditor)
2 facts ▸
- Director in office, Reinier Teunissen (director)
- Auditor reappointment, Moore Audit BV (statutory auditor)
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
2025
31-12
Financial
Back to profitnet €57,790
Net result €57,790 after 2 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity doublescurrent ratio 3.30
Current ratio from 1.37 to 3.30; short-term debt falls from €814,973 to €505,940.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
BV MOORE AUDIT
CurrentStatutory auditor · since 14-08-2026 · perm. rep.: Ingrid Vosch
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Pelt · 1 establishment unit since 2022
Ground area
6,036 m²
Building footprint
2,369 m²
Volume, LiDAR
16,099 m³
Parcel 72502E0102/00Y143, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
SalixCo
since 20222.339.856.566
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00Y143 | Flanders | 6,036 m² | 1 · 2,368 m² | 10.5 m · 2 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| BV MOORE AUDIT |
|
Structure & network
Heads the group
SalixCo
11 companies
Group, risk and exposure
Owners and holdings
2 owners · 1 holding · 14 subsidiaries in the treeOwners 2
-
25%
-
25%
Holdings 1
- Water Is Life GroupsubsidiaryEquity €18.1mResult -€18.7m100%
All subsidiaries, including indirect ones 14
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
Water Is Life Group 100%13 subsidiaries
- AQUAMASTER EUROPE 100%
- Geo Systems International 100%
- Leo Europe 100%
MOORIS PUMPS & IRRIGATION 100%4 subsidiaries
- EEB VALVES 100%
- Immo Hoge Mauw Arendonk 100%
- MPI Geo SystemsNL 100%
- OSNA-PumpenDE 100%
- MotixNL 100%
WATERTECHNIEK TEUNISSEN 100%1 subsidiary
- TRIPLE X 100%
WELL PUMPS 100%1 subsidiary
- RCL - WELL PUMPS PORTUGALPT 100%
According to the 2025 annual accounts of SalixCo and those 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 11,695 EUR awarded · 11,695 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 11,695 EUR | 11,695 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 4,228 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
Founded09-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0794593316
Registered
25-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.