SALMON ENTEC
ActiveSALMON ENTEC has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €83k and a net result of €12k. Equity is growing by ~36.3% per year across the filed fiscal years. Its solvency ranks better than 35% of 9980 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
73
/ 100
Healthy▲ +2 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-28
Solvency46▲+15
Growth78=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.08 in 2023), and 72.3% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
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
27.7%
Return on assets
4%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-10-2025, 85 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
85 d late
2023
47 d early
2022
34 d early
2021
117 d late
2020
95 d late
2019
60 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€83k▲ 16.8%
2023 · €71k
2018: €13k
2019: €20k
2020: €31k
2021: €41k
2022: €52k
2023: €71k
2018 → 2024
Total assets
€298k▼ 9.2%
2023 · €328k
2018: €316k
2019: €246k
2020: €234k
2021: €241k
2022: €246k
2023: €328k
2018 → 2024
Net result
€12k▼ 37.0%
2023 · €19k
2018: €-26k
2019: €7k
2020: €12k
2021: €10k
2022: €11k
2023: €19k
2018 → 2024
Working capital
€30k▲ 73.9%
2023 · €17k
2018: €-49k
2019: €-22k
2020: €-8k
2021: €-15k
2022: €7k
2023: €17k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€31k-€41k▲ 30.9%€52k▲ 25.9%€71k▲ 36.3%€83k▲ 16.8%
Operating result€25k-€21k▼ 19.3%€18k▼ 11.1%€49k▲ 171%€42k▼ 15.5%
Net result€12k-€10k▼ 16.1%€11k▲ 9.8%€19k▲ 76.3%€12k▼ 37.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 16% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €298k
Fixed assets
€84k▼ 15.0%
Current assets
€214k▼ 6.6%
Equity and liabilities €298k
Equity
€83k▲ 16.8%
Debt
€215k▼ 16.3%
The debt ratio falls from 78.4% to 72.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€65k▼
2023 · €81k
Cash flow
€35k▼
2023 · €51k
Solvency
27.7%▲
2023 · 21.6%
Current ratio
1.16▲
2023 · 1.08
Quick ratio
0.82▲
2023 · 0.69
Debt / equity
2.61▼
2023 · 3.64
ROE
14.4%▼
2023 · 26.6%
ROA
4.0%▼
2023 · 5.7%
Interest coverage
3.20▼
2023 · 3.32
Debt
€215k▼
2023 · €257k
Debt ≤ 1 year
€184k▼
2023 · €212k
Debt > 1 year
€28k▼
2023 · €42k
Income taxes
€11k▲
2023 · €8k
Staff costs
€121k▼
2023 · €136k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€328k€298k▼
Fixed assets21/28€99k€84k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€99k€84k▼
Land and buildings22€23k€20k▼
Plant, machinery and equipment23€2k€6k▲
Furniture and vehicles24€3k€6k▲
Leasing and similar rights25€70k€53k▼
Financial fixed assets28€280€175▼
Current assets29/58€229k€214k▼
Stocks and contracts in progress3€83k€63k▼
Stocks30/36€73k€55k▼
Contracts in progress37€10k€8k▼
Amounts receivable within one year40/41€97k€127k▲
Trade receivables40€68k€86k▲
Other amounts receivable41€29k€41k▲
Cash at bank and in hand54/58€42k€14k▼
Deferred charges and accrued income490/1€7k€10k▲
Equity and liabilities
Total equity and liabilities10/49€328k€298k▼
Equity10/15€71k€83k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€9k€21k▲
Non-distributable reserves130/1€2k€2k▲
Legal reserve130€386€979▲
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€7k€19k▲
Amounts payable17/49€257k€215k▼
Amounts payable after more than one year17€42k€28k▼
Financial debts170/4€42k€28k▼
Amounts payable within one year42/48€212k€184k▼
Current portion of amounts payable after more than one year42€17k€18k▲
Financial debts43€125k€125k=
Credit institutions430/8€125k€125k=
Trade debts44€56k€26k▼
Suppliers440/4€56k€26k▼
Taxes, remuneration and social security45€14k€16k▲
Taxes450/3€8k€8k▼
Remuneration and social security454/9€6k€8k▲
Accrued charges and deferred income492/3€3k€3k▼
Income statement
Code20232024
Non-recurring operating income76A€13k-
Remuneration, social security and pensions62€136k€121k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€23k▼
Other operating charges640/8€7k€7k▼
Gross operating margin9900€225k€193k▼
Operating profit (loss)9901€49k€42k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€25k€20k▼
Recurring financial charges65€25k€20k▼
Profit (loss) for the period before taxes9903€26k€23k▼
Income taxes67/77€8k€11k▲
Profit (loss) for the period9904€19k€12k▼
Profit (loss) for the period to be appropriated9905€19k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€12k▲
Profit (loss) brought forward from the previous period14P€-11k-
Transfer to equity691/2€8k€12k▲
To the legal reserve6920€386€593▲
To other reserves6921€7k€11k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 85 days late
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €19k ▲76.3%
Operating result €49k, net result €19k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 117 days late
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 95 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gingelom · 3 establishment units since 1990
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.
Brugstraat 103890 GingelomGround area
2,330 m²
Building footprint
706 m²
Volume, LiDAR
3,908 m³
3 parcels, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
SALMON ENTEC
since 19902.050.347.594
Salmon Entec
since 20062.211.431.140
Salmon Entec
since 20112.211.430.744
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71026A0206/00V000 | Flanders | 885 m² | 1 · 175 m² | 9.5 m · 2 fl. |
| 71059A0333/00E000 | Flanders | 826 m² | 1 · 93 m² | 5.9 m · 1 fl. |
| 71040C0122/00S000 | Flanders | 619 m² | 1 · 438 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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 2024 · 3 entries · 804 EUR awarded · 804 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 351 EUR | 390 EUR |
| 2023 | 1 | 78 EUR | 39 EUR |
| 2022 | 1 | 375 EUR | 375 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 13,048 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-10-1990
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
45211
43221Plumbing work
45332
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.