SALSAL
ActiveThe computed 12-month bankruptcy probability of SALSAL is 3.6% (moderate). The 2024 annual accounts show equity of €651 and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 6537 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability71▼-10
Solvency26▼-35
Growth55▼-30
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.35 against 1.46 in 2022; short-term debt: 85.6% and cash: 19.5% of total assets), and 99.4% 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.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
0.6%
Return on assets
1.7%
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 14% of 6537 sector peers (2024).
NBB · sector comparisonPosition among 6537 sector peers
Solvency
better than 14%
← 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 25-08-2025, 25 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
25 d late
2022
53 d late
2021
137 d late
2020
220 d late
2019
32 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€283k▲ 114%
2019 · €133k
2019: €133k
2019 → 2020
EBIT margin
0.1%▼ 1.7pp
2019 · 1.8%
2019: 1.8%
2019 → 2020
Net result
€2k▼ 59.3%
2022 · €4k
2019: €2k
2020: €-766
2021: €6k
2022: €4k
2019 → 2024
Working capital
€-56k
2022 · €13k
2019: €7k
2020: €3k
2021: €7k
2022: €13k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222024Trend
Turnover€133k-€283k▲ 114%
Equity€7k-€6k▼ 11.3%€12k▲ 94.4%€16k▲ 37.0%€651▼ 96.0%
Operating result€2k-€260▼ 89.1%€8k▲ 2,916%€7k▼ 13.1%€2k▼ 72.9%
Net result€2k-€-766€6k€4k▼ 23.7%€2k▼ 59.3%
Result per fiscal year
Operating resultNet result
The operating result is €2k in 2024, compared with €7k in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €102k
Fixed assets
€71k▲ 2,115%
Current assets
€31k▼ 25.2%
Equity and liabilities €102k
Equity
€651▼ 96.0%
Debt
€101k▲ 258%
The debt ratio rises from 63.7% to 99.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19k▲
2022 · €9k
Cash flow
€19k▲
2022 · €6k
Solvency
0.6%▼
2022 · 36.3%
Current ratio
0.35▼
2022 · 1.46
Quick ratio
0.35▲
2022 · 0.22
ROA
1.7%▼
2022 · 9.8%
Interest coverage
238.84▲
2022 · 24.67
Debt
€101k▲
2022 · €28k
Debt ≤ 1 year
€87k▲
2022 · €28k
Debt > 1 year
€14k
Equity ratios withheld: equity of €651 is too small for a meaningful ratio.
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 2022
Balance sheet
Code20222024
Assets
Total assets20/58€44k€102k▲
Fixed assets21/28€3k€71k▲
Intangible fixed assets21€3k€3k▼
Tangible fixed assets22/27-€68k
Furniture and vehicles24-€68k
Current assets29/58€41k€31k▼
Stocks and contracts in progress3€35k-
Stocks30/36€35k-
Amounts receivable within one year40/41€1k€11k▲
Trade receivables40€1k-
Other amounts receivable41-€11k
Cash at bank and in hand54/58€5k€20k▲
Equity and liabilities
Total equity and liabilities10/49€44k€102k▲
Equity10/15€16k€651▼
Contributions10/11€5k€5k=
Reserves13€10k€10k=
Non-distributable reserves130/1€726€726=
Reserves not available under the articles1311€726€726=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€2k€-14k▼
Amounts payable17/49€28k€101k▲
Amounts payable after more than one year17-€14k
Financial debts170/4-€14k
Amounts payable within one year42/48€28k€87k▲
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€16k€2k▼
Taxes450/3€16k€2k▼
Other amounts payable47/48€8k€81k▲
Income statement
Code20222024
Remuneration, social security and pensions62€29k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€17k▲
Other operating charges640/8€248€3k▲
Non-recurring operating charges66A€169-
Gross operating margin9900€38k€22k▼
Operating profit (loss)9901€7k€2k▼
Financial charges65/66B€346€79▼
Recurring financial charges65€346€79▼
Profit (loss) for the period before taxes9903€6k€2k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€4k€2k▼
Profit (loss) for the period to be appropriated9905€4k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-14k▼
Profit (loss) brought forward from the previous period14P€2k€-16k▼
Transfer to equity691/2€4k-
To the legal reserve6920€299-
To other reserves6921€4k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2023
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 53 days late
2022
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 137 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 220 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
2020
31-12
Financial
Weakest financial yearnet €-766 ▼142%
Net result drops to €-766, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Schaarbeek · 1 establishment unit since 2019
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.
Gustave Latinislaan 451030 SchaarbeekGround area
1,185 m²
Building footprint
720 m²
Volume, LiDAR
6,413 m³
2 parcels, Brussels, Flanders · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SALSAL
since 20192.291.503.353
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22001B0042/00Y000 | Flanders | 1,071 m² | 1 · 629 m² | 13.7 m · 4 fl. |
| 21903B0225/00Z002 | Brussels | 114 m² | 1 · 91 m² | 13.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 10,525 companies in sector 47110 we hold annual accounts for 5,860. 556 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-05-2019
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.