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SALPAO

Active
Private limited companyfounded 200422 yrs activeGrand'Place 32, 7370 Dour, BelgiumKBO/BCE: BE 0867.373.208
Summary

The computed 12-month bankruptcy probability of SALPAO is 5.2% (elevated). The 2024 annual accounts show equity of €52,534 and a net result of €28,582. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 18932 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
SALPAOActiveChecked score 38/100
Risk analysis ReportCompare

Overview

Activity
Cafés and bars
NACE 56301NACE 55401
#5 company by total assets in Dour, Accommodation and food service sector1 site
Size
€609,993total assets 2024
Equity
€52,534
Profit
€28,582
Financial health
38 Weak Checked score 2024
Bankruptcy chance 12 m
5.2%
Structure
Accounts 65 d overdue0 of 4 deeds read
Why 38- Liquidity: current ratio 0.65, cash €100- 1 financial year not filed after the legal deadline; latest accounts 158 days late; 3 of the last 3 late- Figures for FY 2024 (filed 13-01-2026)+ Founded in 2004Show the evidence

Checked score

Score 2024
38 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 52% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Average
Solvency 34+5
equity 8.6% of total assets
Liquidity 33-34
short-term debt 37.7% · cash 0.0%
Profitability 75+2
return on assets 4.7%
Bankruptcy probability, 12 months
5.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,529 companies)
Last 24 months 11-2024: 3.3%lowest value 12-2024: 3.8%▲ +14.9% vs 11-2024 01-2025: 6.4%▲ +69.4% vs 12-2024 02-2025: 3.7%▼ -42.3% vs 01-2025 03-2025: 3.7%● 0.0% vs 02-2025 04-2025: 3.7%● 0.0% vs 03-2025 05-2025: 3.6%▼ -1.8% vs 04-2025 06-2025: 3.4%▼ -5.1% vs 05-2025 07-2025: 3.5%▲ +2.6% vs 06-2025 08-2025: 4.1%▲ +17.6% vs 07-2025 09-2025: 4.7%▲ +12.8% vs 08-2025 10-2025: 5.2%▲ +12.2% vs 09-2025 11-2025: 5.4%▲ +3.6% vs 10-2025 12-2025: 6.0%▲ +10.5% vs 11-2025 01-2026: 9.2%▲ +54.2% vs 12-2025highest value 02-2026: 3.8%▼ -58.8% vs 01-2026 03-2026: 3.8%● 0.0% vs 02-2026 04-2026: 3.8%● 0.0% vs 03-2026 05-2026: 3.7%▼ -1.8% vs 04-2026 06-2026: 3.5%▼ -5.1% vs 05-2026 07-2026: 3.4%▼ -4.5% vs 06-2026 08-2026: 4.2%▲ +23.0% vs 07-2026 09-2026: 4.7%▲ +12.5% vs 08-2026 10-2026: 5.2%▲ +11.6% vs 09-2026
  • Liquidity: current ratio 0.65, cash €100 raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 158 days late; 3 of the last 3 late raises the probability
  • Figures for FY 2024 (filed 13-01-2026) raises the probability
  • Founded in 2004 lowers the probability for this profile
Credit up to €1,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.65 against 0.58 in 2023; short-term debt: 37.7% and cash: 0% of total assets), and 91.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, micro). Better than this share of them on solvency 32%, liquidity 27%, profitability 57%, growth against the median 91%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Liquidity: current ratio 0.65, cash €100
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 158 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Figures for FY 2024 (filed 13-01-2026)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 2004
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €52,534
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-01-2026, 158 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
158 d late
2023
153 d late
2022
51 d late
2021
30 d late
2020
11 d early
2019
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 58 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
neutral · 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
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · full…
  3. Annual accounts filedfiscal year 2022 · full…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 65 d late View
  • Positive: Company by total assets in Dour, Accommodation and…in the Checked rankings #5 View
  • Total assets 20246 fiscal years filed €609,993 View

By topic

Financials

Fiscal year
2024
Total assets
€609,993
Profit
€28,582
Solvency
8.6%
Total assets▲ 2.4%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2016
  1. 05-01-2026Annual accounts filed
  2. 31-12-2024Annual accounts filed
  3. 20-09-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Cafés and barsNACE 56301
Founded
22-09-2004
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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