SALMO DEVELOPMENT
ActiveSummary
SALMO DEVELOPMENT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€49,167) and a net result of €982. Equity is shrinking by ~31.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 37951 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+72
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07; short-term debt: 239% and cash: 6% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
-139%
Return on assets
2.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 37951 sector peers (2024).
NBB · sector comparisonPosition among 37951 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
7 d early
2021
65 d late
2020
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 35 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€49,167▲ 2.0%
2023 · -€50,149
Total assets
€35,367▲ 797%
2023 · €3,942
Net result
€982
2023 · -€3,402
Working capital
-€78,288▼ 50.8%
2023 · -€51,917
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
Line20202021202220232024
Operating result€12,578--€46,695-€19,906▲ 57.4%-€3,222▲ 83.8%€1,163
Net result€10,172--€46,801-€20,119▲ 57.0%-€3,402▲ 83.1%€982
Equity€20,172--€26,628-€46,747▼ 75.6%-€50,149▼ 7.3%-€49,167▲ 2.0%
Total assets€29,319-€16,678▼ 43.1%€9,779▼ 41.4%€3,942▼ 59.7%€35,367▲ 797%
Debt€9,146-€43,306▲ 373%€56,526▲ 30.5%€54,091▼ 4.3%€84,534▲ 56.3%
Working capital€18,205--€37,782-€54,538▼ 44.3%-€51,917▲ 4.8%-€78,288▼ 50.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1,163 after a loss of €3,222 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35,367
Fixed assets
€29,121 ▲ 1,548%
Current assets
€6,246 ▲ 187%
Key figures and ratios
EBITDA
€7,286▲
2023 · -€2,825
Cash flow
€7,105▲
2023 · -€3,005
Solvency
-139.0%
Current ratio
0.07
Debt to equity
-1.72
ROA
2.8%
Interest coverage
40.41▲
2023 · -15.67
Debt ≤ 1 year
€84,534▲
2023 · €54,091
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3 | €1,877 | €4,063 | €397 | €6,123 | ▲ 1,442% |
| Other operating charges640/8 | - | €1,955 | €1,808 | €1,458 | €56 | ▼ 96.2% |
| Gross operating margin9900 | €13,297 | -€42,863 | -€14,035 | -€1,366 | €7,341 | ▲ 637% |
| Operating profit (loss)9901 | €12,578 | -€46,695 | -€19,906 | -€3,222 | €1,163 | ▲ 136% |
| Financial income75/76B | - | €8 | - | - | - | - |
| Recurring financial income75 | - | €8 | - | - | - | - |
| Financial charges65/66B | - | €33 | €177 | €180 | €180 | = |
| Recurring financial charges65 | €0 | €33 | €177 | €180 | €180 | = |
| Profit (loss) for the period before taxes9903 | €12,578 | -€46,720 | -€20,083 | -€3,402 | €982 | ▲ 129% |
| Income taxes67/77 | €2,405 | €81 | €36 | €0 | - | - |
| Profit (loss) for the period9904 | €10,172 | -€46,801 | -€20,119 | -€3,402 | €982 | ▲ 129% |
| Profit (loss) for the period to be appropriated9905 | €10,172 | -€46,801 | -€20,119 | -€3,402 | €982 | ▲ 129% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29,319 | €16,678 | €9,779 | €3,942 | €35,367 | ▲ 797% |
| Fixed assets21/28 | €2,668 | €11,854 | €7,791 | €1,767 | €29,121 | ▲ 1,548% |
| Tangible fixed assets22/27 | €2,668 | €11,854 | €7,791 | €1,767 | €29,121 | ▲ 1,548% |
| Furniture and vehicles24 | - | €10,029 | €6,157 | €324 | €27,868 | ▲ 8,506% |
| Other tangible fixed assets26 | - | €1,825 | €1,634 | €1,444 | €1,253 | ▼ 13.2% |
| Current assets29/58 | €26,651 | €4,824 | €1,988 | €2,175 | €6,246 | ▲ 187% |
| Amounts receivable after more than one year29 | - | €3,046 | - | - | - | - |
| Trade receivables290 | - | €1,111 | - | - | - | - |
| Other amounts receivable291 | - | €1,935 | - | - | - | - |
| Amounts receivable within one year40/41 | €19,421 | - | €188 | €1,168 | €4,060 | ▲ 248% |
| Trade receivables40 | - | - | - | €687 | €3,455 | ▲ 403% |
| Other amounts receivable41 | - | - | €188 | €480 | €605 | ▲ 25.8% |
| Cash at bank and in hand54/58 | €7,230 | €1,444 | €1,800 | €981 | €2,107 | ▲ 115% |
| Deferred charges and accrued income490/1 | - | €334 | - | €26 | €79 | ▲ 202% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29,319 | €16,678 | €9,779 | €3,942 | €35,367 | ▲ 797% |
| Equity10/15 | €20,172 | -€26,628 | -€46,747 | -€50,149 | -€49,167 | ▲ 2.0% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €10,172 | -€36,628 | -€56,747 | -€60,149 | -€59,167 | ▲ 1.6% |
| Amounts payable17/49 | €9,146 | €43,306 | €56,526 | €54,091 | €84,534 | ▲ 56.3% |
| Amounts payable within one year42/48 | €8,446 | €42,606 | €56,526 | €54,091 | €84,534 | ▲ 56.3% |
| Trade debts44 | €895 | €1,013 | €5,884 | €5,383 | €314 | ▼ 94.2% |
| Suppliers440/4 | - | €1,013 | €5,884 | €5,383 | €314 | ▼ 94.2% |
| Taxes, remuneration and social security45 | - | €1,239 | €975 | €858 | €0 | ▼ 100% |
| Taxes450/3 | - | €1,239 | €975 | €858 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €40,354 | €49,667 | €47,850 | €84,220 | ▲ 76.0% |
| Accrued charges and deferred income492/3 | - | €700 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,172 | -€46,801 | -€20,119 | -€3,402 | €982 | ▲ 129% |
| + Depreciation and write-downs630 | €3 | €1,877 | €4,063 | €397 | €6,123 | ▲ 1,442% |
| Operating cash flow (approximation) | €10,175 | -€44,923 | -€16,055 | -€3,005 | €7,105 | ▲ 336% |
| Investment in fixed assets (approximation) | - | -€11,064 | €0 | €5,626 | -€33,476 | ▼ 695% |
| Change in cash | - | -€5,786 | €356 | -€820 | €1,127 | ▲ 237% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €982
Net result €982 after 3 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 65 days late
2021
31-12
Financial
Weakest financial yearnet -€46,801
Net result drops to -€46,801, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Zaventem · 1 establishment unit since 2020
Ground area
5,610 m²
Building footprint
237 m²
Volume, LiDAR
5,231 m³
2 parcels, Flanders, Wallonia · tallest building 24.3 m, ±7 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
SALMO DEVELOPMENT
since 20202.299.495.856
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078C0183/00Y000 | Flanders | 4,945 m² | 1 · 237 m² | 24.3 m · 7 fl. |
| 25016A0449/00A007 | Wallonia | 664 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 siteOttignies-Louvain-la-Neuve2.299.495.856
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 30,611 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
Founded06-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
70100Activities of head offices
73110Advertising agencies
82300Organisation of conventions and trade shows
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.