SALMANCO
ActiveSALMANCO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.38M and a net result of €533k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 78% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 5.26 against 7.05 in 2024; short-term debt: 17.8% and cash: 6.4% of total assets), and 17.8% 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.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.2%
Return on assets
31.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.38M
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
37 d early
2023
37 d early
2022
41 d early
2021
39 d early
2020
37 d early
2019
39 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.38M▲ 56.4%
2024 · €880k
2018: €66k
2019: €63k
2020: €73k
2021: €83k
2022: €150k
2023: €471k
2024: €880k
2018 → 2025
Total assets
€1.67M▲ 66.4%
2024 · €1.01M
2018: €144k
2019: €155k
2020: €152k
2021: €152k
2022: €209k
2023: €555k
2024: €1.01M
2018 → 2025
Net result
€533k▲ 21.4%
2024 · €439k
2018: €-13k
2019: €-4k
2020: €10k
2021: €10k
2022: €67k
2023: €322k
2024: €439k
2018 → 2025
Working capital
€1.27M▲ 66.4%
2024 · €765k
2018: €-41k
2019: €-53k
2020: €-43k
2021: €-34k
2022: €48k
2023: €349k
2024: €765k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€83k-€150k▲ 80.5%€471k▲ 215%€880k▲ 86.7%€1.38M▲ 56.4%
Operating result€12k-€92k▲ 697%€466k▲ 407%€654k▲ 40.3%€678k▲ 3.7%
Net result€10k-€67k▲ 570%€322k▲ 382%€439k▲ 36.3%€533k▲ 21.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.67M
Fixed assets
€103k▼ 10.2%
Current assets
€1.57M▲ 76.3%
Equity and liabilities €1.67M
Equity
€1.38M▲ 56.4%
Debt
€299k▲ 136%
The debt ratio rises from 12.6% to 17.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€694k▲
2024 · €671k
Cash flow
€549k▲
2024 · €456k
Solvency
82.2%▼
2024 · 87.4%
Current ratio
5.26▼
2024 · 7.05
Quick ratio
5.26▼
2024 · 7.05
Debt / equity
0.22▲
2024 · 0.14
ROE
38.7%▼
2024 · 49.9%
ROA
31.8%▼
2024 · 43.7%
Interest coverage
410.71▼
2024 · 2045.43
Debt
€299k▲
2024 · €127k
Debt ≤ 1 year
€299k▲
2024 · €127k
Income taxes
€228k▲
2024 · €220k
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€1.01M€1.67M▲
Fixed assets21/28€114k€103k▼
Tangible fixed assets22/27€113k€101k▼
Land and buildings22€74k€66k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€36k€32k▼
Financial fixed assets28€2k€2k=
Current assets29/58€892k€1.57M▲
Amounts receivable after more than one year29€100k€20k▼
Other amounts receivable291€100k€20k▼
Amounts receivable within one year40/41€186k€1.29M▲
Trade receivables40€1k€0▼
Other amounts receivable41€185k€1.29M▲
Current investments50/53€596k€139k▼
Cash at bank and in hand54/58€7k€107k▲
Deferred charges and accrued income490/1€2k€16k▲
Equity and liabilities
Total equity and liabilities10/49€1.01M€1.67M▲
Equity10/15€880k€1.38M▲
Contributions10/11€6k€6k=
Reserves13€873k€1.37M▲
Tax-exempt reserves132€168€168=
Distributable reserves133€873k€1.37M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€127k€299k▲
Amounts payable within one year42/48€127k€299k▲
Financial debts43-€44k
Other loans439-€44k
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€117k€216k▲
Taxes450/3€114k€214k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€4k€37k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€16k▼
Other operating charges640/8€628€528▼
Gross operating margin9900€672k€695k▲
Operating profit (loss)9901€654k€678k▲
Financial income75/76B€5k€84k▲
Recurring financial income75€5k€84k▲
Financial charges65/66B€328€2k▲
Recurring financial charges65€328€2k▲
Profit (loss) for the period before taxes9903€660k€761k▲
Income taxes67/77€220k€228k▲
Profit (loss) for the period9904€439k€533k▲
Profit (loss) for the period to be appropriated9905€439k€533k▲
Appropriation of the result
Profit (loss) to be appropriated9906€439k€533k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€30k€37k▲
Transfer to equity691/2€439k€533k▲
To other reserves6921€439k€533k▲
Profit to be distributed694/7€31k€37k▲
Return on contributions (dividend)694€31k€37k▲
The notes to these accounts (8 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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €533k ▲21.4%
Operating result €678k, net result €533k, both a record.
31-12
Financial
Equity above €1MEq €1.38M ▲56.4%
6 profitable years in a row build equity to €1.38M.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €880k ▲86.7%
5 profitable years in a row build equity to €880k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 5.18
Current ratio from 2.57 to 5.18.
31-12
Financial
Equity above €200kEq €471k ▲215%
4 profitable years in a row build equity to €471k.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 19current ratio 2.57
Current ratio from 0.14 to 2.57; short-term debt falls from €40k to €31k.
31-12
Financial
Equity above €100kEq €150k ▲80.5%
3 profitable years in a row build equity to €150k.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kortrijk · 1 establishment unit since 2002
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.
Leuzestraat(Bel) 68510 KortrijkGround area
1,097 m²
Building footprint
230 m²
Volume, LiDAR
1,081 m³
Parcel 34005C0868/00D000, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SALMANCO
since 20022.101.859.247
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34005C0868/00D000 | Flanders | 1,097 m² | 1 · 230 m² | 8.2 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.
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 24,323 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-2002
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.