Result
€878,533 €878,533
Back in profit in 2025, after a loss of €372,736 in 2024.
SALT
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992peak €2.7m (2021)
€774,605▲ €843,298
lowest -€435,957 (2023)
€878,533▲ €1.3m
peak €5.0m (2025)
€5.0m▲ 21.3%
€3.6m▼ 39.5%
peak 7.1 FTE (2014)
1.9 FTE▲ 217%
Board5 names since 2021
2 directors and 1 other
Owners
100%
Documentsfilings and deeds
13-07-202618 days before the deadline
2025financial year
Gross margin from -€68,693 to €774,605Back to profit: €878,533Staff from 0.6 FTE to 1.9 FTE1 director appointed, 3 resignations 14-01Equity from €4.1m to €5.0mDebts from €5.9m to €3.6m
Key points
from the 2025 annual accountsInvestments
€33,989 0.2 × depreciation
Green is investment, beige is depreciation.
Staff
1.9 FTE from 7.1 in 2014
Between 2014 and 2025, 73% of the full-time equivalents disappeared.
Liquidity
17.89 was 3.31 in 2024
Short-term debts fell from €2.4m to €374,048.
Filings
34 annual accounts since 1992
Five of the last ten came late. The 2021 accounts came latest: 81 days after the end of the period.
Position in the sector
€878,533
Higher net result than 90% of companies in real estate. Sector median €20,538 · 5,819 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as SALT has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for SALT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Managing director
Managing director,
- 100%equity €3.5m (2025) · 2025 annual accounts of
Recent changes
Environmental permit granted
Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) · Knokke-Heist
Environmental permit granted
Bouwen of herbouwen · Knokke-Heist
1 director appointed, 3 resignations
Resignations: , and · Appointment: (managing director) · Board meeting of 24-10-2024 · Gazette deed
Registered office moved within Knokke-Heist
New registered office: Elizabetlaan 414, 8300 Knokke-Heist · Previous registered office: Kursaalstraat 6, 8301 Knokke-Heist · Resignations: , and · General meeting of 23-10-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SALT Knokke-Heist | €8.6m | €0.8m | 58.2% | 1.9 |
| IMMO POTTELBERG Kortrijk | €9.3m | €1.0m | 15.1% | 2.4 |
| VINCERE Roeselare | €12.5m | €0.9m | 53.5% | 1.4 |
| DV3 Oostkamp | €8.3m | €0.8m | 38.1% | 3 |
| JOYE CONSTRUCT De Haan | €9.3m | €1.0m | 31.3% | 1.6 |
| BREBO Alken | €14.1m | €1.2m | 14.8% | 2 |
| GROUP MOUREAU Leuven | €13.7m | €0.8m | 17.4% | 2.6 |
These companies have the same main activity as SALT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €8.3m and €14m, founded between 1988 and 2000.
Official details
Source: KBO- Status
- Active since 13-02-1991Normal situation
- Activity
- Development of residential building projectsNACE 68121and 7 others
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.152.417.0338300 Knokke-Heist, since 01-02-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 25-11-2023
Annual accounts 2025
- ≈ €1.4mestimated
- €8.6m▼ 14.6%
- Employeeson 31-12-2025
- 2▲ 100%
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on SALT
SALT has existed since 1991. The gross margin fell from €2.7m in 2021 to €510,475 in 2022 and staff from 1.1 to 0.1 full-time equivalents.
Solvency rose in 2025 from 41.0% to 58.2% because of the retained profit and lower debts.
holds all the shares. In November 2024, three directors stepped down. In January 2025, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SALT
- What is the company number of SALT?
- The company number of SALT is 0442.738.484. The VAT number is the same number with BE in front: BE 0442.738.484.
- Where is SALT based?
- The registered office is at Elizabetlaan 414, 8300 Knokke-Heist.Company details
- What does SALT do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of SALT?
- SALT is a public limited company (NV).
- When was SALT founded?
- SALT was founded on 13-02-1991.
- Is SALT still active?
- Yes, SALT is an active enterprise in the KBO register.
- How many employees does SALT have?
- SALT had an average of 1.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SALT fall under?
- In its 2025 annual accounts, SALT states joint committees 100 (Auxiliary committee for blue-collar workers) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of SALT?
- The turnover in financial year 2025 is ≈ €1.4m. This figure is estimated from the gross margin of €774,605 and 40 comparable companies (NACE 681). It probably lies between €1.0m and €2.3m.
- Is SALT profitable?
- In financial year 2025, SALT made a profit of €878,533.
- Where can I find the annual accounts of SALT?
- SALT filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SALT due?
- SALT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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