SALLEMEYN

Active

Private limited companyfounded 200818 yrs activeRijksweg 12, 9870 Zulte, BelgiumKBO/BCE: BE 0897.045.706

Summary

SALLEMEYN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11k and a net result of €-10k. Equity is shrinking by ~23.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 30% of 2024 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2024

47 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability26▼-31

Solvency36▼-15

Growth32=

Track record100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity ample (current ratio 2.07 against 3.27 in 2023; short-term debt: 23.8% and cash: 12.4% of total assets), but 88.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

11.4%

Return on assets

-10.2%

Age of the figures

21 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 77

Relative position

BE, all sectors

reference

Sector 77

higher

← fewer bankruptcies more bankruptcies →

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

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-10k

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

25 d late

2023

14 d early

2022

46 d early

2021

61 d early

2020

31 d late

2019

35 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, micro schema

Equity

€11k▼ 47.1%

2023 · €22k

2018: €43k 2019: €50k 2020: €48k 2021: €29k 2022: €30k 2023: €22k

2018 → 2024

Total assets

€100k▲ 18.5%

2023 · €84k

2018: €121k 2019: €153k 2020: €136k 2021: €108k 2022: €100k 2023: €84k

2018 → 2024

Net result

€-10k▼ 27.9%

2023 · €-8k

2018: €19k 2019: €10k 2020: €-3k 2021: €-19k 2022: €685 2023: €-8k

2018 → 2024

Working capital

€26k▼ 36.5%

2023 · €40k

2018: €-1k 2019: €46k 2020: €46k 2021: €23k 2022: €37k 2023: €40k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€48k-€29k▼ 39.6%€30k▲ 2.4%€22k▼ 26.9%€11k▼ 47.1%

Operating result€-914-€-18k▼ 1,850%€2k€-7k€-9k▼ 17.6%

Net result€-3k-€-19k▼ 631%€685€-8k€-10k▼ 27.9%

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 €9k in 2024 against €7k in 2023; the loss grows.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €100k

50.6%

49.4%

Fixed assets €50k ▲ 92.2%

Current assets €49k ▼ 14.9%

Equity and liabilities €100k

11%

88.6%

Equity €11k ▼ 47.1%

Debt €88k ▲ 41.1%

Debt's share of the balance-sheet total rises from 74.3% to 88.6%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€5k▼

2023 · €11k

Cash flow

€3k▼

2023 · €10k

Current ratio

2.07▼

2023 · 3.27

Quick ratio

1.89▼

2023 · 2.98

Debt to equity

7.74▲

2023 · 2.90

ROE

-89.2%▼

2023 · -36.8%

ROA

-10.2%▼

2023 · -9.5%

Interest coverage

2.44▼

2023 · 11.57

Debt ≤ 1 year

€24k▲

2023 · €18k

Debt > 1 year

€64k▲

2023 · €45k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines

Balance sheet Code20232024

Assets

Total assets20/58€84k€100k▲

Fixed assets21/28€26k€50k▲

Intangible fixed assets21€6k€5k▼

Tangible fixed assets22/27€20k€45k▲

Plant, machinery and equipment23€0-

Furniture and vehicles24€20k€17k▼

Leasing and similar rights25-€28k

Current assets29/58€58k€49k▼

Stocks and contracts in progress3€5k€4k▼

Stocks30/36€5k€4k▼

Amounts receivable within one year40/41€24k€27k▲

Trade receivables40€18k€24k▲

Other amounts receivable41€6k€3k▼

Cash at bank and in hand54/58€24k€12k▼

Deferred charges and accrued income490/1€5k€5k▼

Equity and liabilities

Total equity and liabilities10/49€84k€100k▲

Equity10/15€22k€11k▼

Contributions10/11€52k€52k=

Reserves13€15k€15k=

Tax-exempt reserves132€250€250=

Distributable reserves133€15k€15k=

Profit (loss) carried forward14€-46k€-56k▼

Amounts payable17/49€63k€88k▲

Amounts payable after more than one year17€45k€64k▲

Financial debts170/4-€20k

Other amounts payable178/9€45k€44k▼

Amounts payable within one year42/48€18k€24k▲

Current portion of amounts payable after more than one year42€0€6k▲

Trade debts44€2k€1k▼

Suppliers440/4€2k€1k▼

Advances received on contracts in progress46€11k€11k▲

Taxes, remuneration and social security45€6k€6k▲

Taxes450/3€6k€6k▲

Accrued charges and deferred income492/3-€34

Income statement Code20232024

Non-recurring operating income76A€0€8k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€13k▼

Other operating charges640/8€2k€2k▼

Gross operating margin9900€13k€6k▼

Operating profit (loss)9901€-7k€-9k▼

Financial income75/76B€286€342▲

Recurring financial income75€286€342▲

Financial charges65/66B€951€2k▲

Recurring financial charges65€951€2k▲

Profit (loss) for the period before taxes9903€-8k€-10k▼

Profit (loss) for the period9904€-8k€-10k▼

Profit (loss) for the period to be appropriated9905€-8k€-10k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-46k€-56k▼

Profit (loss) brought forward from the previous period14P€-38k€-46k▼

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

25-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 25 days late

2024

17-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

15-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €685

Net result €685 after 2 loss-making years.

31-05

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Weakest financial yearnet €-19k

Net result drops to €-19k, the lowest in the series; recovery starts the following year.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

26-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Liquidity doublescurrent ratio 2.38

Current ratio from 0.98 to 2.38; short-term debt falls from €61k to €33k.

21-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

30-05

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

25-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 25 days late

2016

04-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 4 acts read

About the unread acts

We know of 4 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

4 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, Zulte · 1 establishment unit since 2008

seat establishment The establishment unit on the map

Ground area

645 m²

Building footprint

108 m²

Volume, LiDAR

495 m³

Parcel 44037A0794/00A002, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.

4 companies at this address See who is registered here

1 establishment unit

SALLEMEYN

Rijksweg 12, 9870 ZulteNACE 45203

since 20082.170.586.717

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44037A0794/00A002	Flanders	645 m²	1 · 108 m²	7.7 m · 1 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.

Public money · subsidies and aid

Flemish government

2022 to 2023 · 2 entries · 236 EUR awarded · 651 EUR paid

Year	Entries	awarded	paid
2023	1	0 EUR	415 EUR
2022	1	236 EUR	236 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 236 EUR · 651 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Refrigerated Trailer Rentals Belgium

BE 0421.631.680

Antwerpen · Eq €10,314

Drogenbos · Eq €9,815

Of 361 companies in sector 77120 we hold annual accounts for 233. 71 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded28-03-2008

Fiscal year end31-12

Activities, NACEBEL 2025

77120Rental and leasing activities

47811Retail sale of cars and light vans (up to 3.5 tonnes)

95313Repair and fitting of specific motor vehicle parts

70200Business and other management consultancy

77110Renting and leasing of cars and light motor vehicles

85591Education

Sources

Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers

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