SALUBRIS
ActiveSummary
SALUBRIS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.2m and a net result of -€402,231. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 31% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-33
Solvency53▼-7
Growth57▼-18
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.65 in 2024; short-term debt: 50.1% and cash: 2.7% of total assets), and 71.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.1%
Return on assets
-2.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
34 d early
2023
33 d early
2022
34 d early
2021
33 d early
2020
47 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#3 fastest grower in Aalter, Wholesale and retail trade sector#4 employer in Aalter, Wholesale and retail trade sector#8 company by total assets in Aalter, Wholesale and retail trade sector
Turnover
€30.0m▲ 5.7%
2024 · €28.4m
EBIT margin
-1.2%▼ 3.9pp
2024 · 2.7%
Net result
-€402,231
2024 · €564,675
Working capital
€3.2m▼ 19.4%
2024 · €3.9m
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
Line20212022202320242025
Turnover€17.2m▼ 8.9%€16.9m▼ 1.6%€28.2m▲ 66.5%€28.4m▲ 0.8%€30.0m▲ 5.7%
Operating result€975,012▼ 63.7%€923,516▼ 5.3%€707,166▼ 23.4%€779,457▲ 10.2%-€348,567
Net result€679,680▼ 65.4%€690,545▲ 1.6%€511,391▼ 25.9%€564,675▲ 10.4%-€402,231
EBIT margin5.7%▼ 8.6pp5.5%▼ 0.2pp2.5%▼ 2.9pp2.7%▲ 0.2pp-1.2%▼ 3.9pp
Equity€4.3m▲ 18.8%€5.0m▲ 16.1%€4.0m▼ 19.8%€4.6m▲ 14.1%€4.2m▼ 8.8%
Total assets€9.3m▼ 0.8%€10.6m▲ 13.3%€10.8m▲ 2.6%€12.9m▲ 19.0%€14.8m▲ 14.8%
Debt€4.8m▼ 13.3%€5.6m▲ 15.9%€6.8m▲ 22.7%€8.3m▲ 21.9%€10.6m▲ 27.8%
Working capital€2.9m▲ 12.3%€5.0m▲ 71.6%€4.2m▼ 15.9%€3.9m▼ 5.8%€3.2m▼ 19.4%
Staff (FTE)35▲ 0.6%35.1▲ 0.3%45.7▲ 30.2%50.7▲ 10.9%51.9▲ 2.4%
Why a figure moved sharply
- 2023 Turnover +67% on 2022. Cause not known from the registers.
- 2021 Net result -65% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €348,567 after €779,457 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.8m
Fixed assets
€4.2m ▲ 46.6%
Current assets
€10.6m ▲ 5.7%
Equity and liabilities €14.8m
Equity
€4.2m ▼ 8.8%
Provisions
€0 ▼ 100%
Debt
€10.6m ▲ 27.8%
Debt's share of the balance-sheet total rises from 64.6% to 71.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€372,687▼
2024 · €1.2m
Cash flow
€319,023▼
2024 · €1.0m
Current ratio
1.43▼
2024 · 1.65
Quick ratio
0.84▼
2024 · 1.00
Debt to equity
2.56▲
2024 · 1.83
ROE
-9.7%▼
2024 · 12.4%
ROA
-2.7%▼
2024 · 4.4%
Interest coverage
1.96▼
2024 · 8.92
Debt ≤ 1 year
€7.4m▲
2024 · €6.1m
Debt > 1 year
€3.0m▲
2024 · €2.1m
Income taxes
€2,132▼
2024 · €219,082
Staff costs
€4.2m▲
2024 · €4.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 367 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a small loss
0.5%
went bankrupt
2.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 367 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €17.7m | €17.1m | €28.4m | €28.7m | €30.2m | ▲ 5.2% |
| Turnover70 | €17.2m | €16.9m | €28.2m | €28.4m | €30.0m | ▲ 5.7% |
| Own construction capitalised72 | - | - | - | €118,400 | €0 | ▼ 100% |
| Other operating income74 | €516,813 | €122,578 | €169,948 | €136,048 | €140,095 | ▲ 3.0% |
| Non-recurring operating income76A | €21,415 | €28,219 | €16,090 | €72,776 | €73,431 | ▲ 0.9% |
| Operating charges60/66A | €16.8m | €16.1m | €27.6m | €28.0m | €30.6m | ▲ 9.4% |
| Goods for resale, raw materials and consumables60 | €12.4m | €11.6m | €20.0m | €19.9m | €21.4m | ▲ 7.7% |
| Purchases600/8 | €12.5m | €12.6m | €18.9m | €19.8m | €21.9m | ▲ 10.3% |
| Change in stocks: decrease (increase)609 | -€117,519 | -€1.0m | €1.1m | €49,801 | -€457,340 | ▼ 1,018% |
| Services and other goods61 | €1.4m | €1.6m | €3.4m | €3.7m | €4.1m | ▲ 10.4% |
| Remuneration, social security and pensions62 | €2.4m | €2.5m | €3.6m | €4.0m | €4.2m | ▲ 5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €414,104 | €218,759 | €361,114 | €460,585 | €721,254 | ▲ 56.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €181,140 | €87,677 | €163,751 | -€159,794 | €31,504 | ▲ 120% |
| Other operating charges640/8 | €20,650 | €36,082 | €34,713 | €37,745 | €58,913 | ▲ 56.1% |
| Non-recurring operating charges66A | €1,246 | €75,425 | €16,492 | €25,864 | €72,843 | ▲ 182% |
| Operating profit (loss)9901 | €975,012 | €923,516 | €707,166 | €779,457 | -€348,567 | ▼ 145% |
| Financial income75/76B | €141,689 | €172,278 | €235,640 | €203,741 | €187,828 | ▼ 7.8% |
| Recurring financial income75 | €141,689 | €172,162 | €235,640 | €203,741 | €187,828 | ▼ 7.8% |
| Income from current assets751 | - | - | €20,046 | €3,649 | €0 | ▼ 100% |
| Other financial income752/9 | €141,689 | €172,162 | €215,594 | €200,092 | €187,828 | ▼ 6.1% |
| Non-recurring financial income76B | - | €116 | - | - | - | - |
| Financial charges65/66B | €185,219 | €116,729 | €168,722 | €199,441 | €243,110 | ▲ 21.9% |
| Recurring financial charges65 | €185,219 | €116,729 | €168,722 | €199,441 | €243,110 | ▲ 21.9% |
| Debt charges650 | €18,019 | €23,379 | €15,832 | €139,046 | €190,510 | ▲ 37.0% |
| Other financial charges652/9 | €167,201 | €93,350 | €152,890 | €60,395 | €52,600 | ▼ 12.9% |
| Profit (loss) for the period before taxes9903 | €931,482 | €979,065 | €774,084 | €783,757 | -€403,849 | ▼ 152% |
| Transfer from deferred taxes780 | €12,084 | €217,516 | - | - | €3,750 | - |
| Transfer to deferred taxes680 | - | €3,750 | - | - | - | - |
| Income taxes67/77 | €263,886 | €502,287 | €262,693 | €219,082 | €2,132 | ▼ 99.0% |
| Taxes670/3 | €263,886 | €502,287 | €262,693 | €219,082 | €2,132 | ▼ 99.0% |
| Profit (loss) for the period9904 | €679,680 | €690,545 | €511,391 | €564,675 | -€402,231 | ▼ 171% |
| Transfer from tax-exempt reserves789 | €36,253 | €652,549 | - | - | €11,250 | - |
| Transfer to tax-exempt reserves689 | €12,000 | €11,250 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €703,933 | €1.3m | €511,391 | €564,675 | -€390,981 | ▼ 169% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.3m | €10.6m | €10.8m | €12.9m | €14.8m | ▲ 14.8% |
| Fixed assets21/28 | €4.1m | €2.3m | €1.6m | €2.9m | €4.2m | ▲ 46.6% |
| Intangible fixed assets21 | €90,107 | €127,303 | €831,967 | €1.9m | €1.5m | ▼ 20.1% |
| Tangible fixed assets22/27 | €4.0m | €530,115 | €783,866 | €926,060 | €976,545 | ▲ 5.5% |
| Plant, machinery and equipment23 | €260,185 | €68,740 | €344,327 | €361,831 | €388,950 | ▲ 7.5% |
| Furniture and vehicles24 | €40,988 | €59,121 | €184,302 | €177,097 | €316,046 | ▲ 78.5% |
| Leasing and similar rights25 | €3.6m | €311,428 | €169,265 | €308,297 | €192,973 | ▼ 37.4% |
| Other tangible fixed assets26 | €28,988 | €90,827 | €85,972 | €78,835 | €72,839 | ▼ 7.6% |
| Assets under construction and advance payments27 | - | - | - | - | €5,737 | - |
| Financial fixed assets28 | €810 | €1.6m | €675 | €1,395 | €1.7m | ▲ 119,857% |
| Affiliated companies280/1 | - | €1.6m | - | - | €1.7m | - |
| Participating interests280 | - | €1.6m | - | - | €1.7m | - |
| Other financial fixed assets284/8 | €810 | €810 | €675 | €1,395 | €1,395 | = |
| Amounts receivable and cash guarantees285/8 | €810 | €810 | €675 | €1,395 | €1,395 | = |
| Current assets29/58 | €5.3m | €8.3m | €9.2m | €10.0m | €10.6m | ▲ 5.7% |
| Stocks and contracts in progress3 | €2.7m | €3.6m | €3.8m | €4.0m | €4.4m | ▲ 11.0% |
| Stocks30/36 | €2.7m | €3.6m | €3.8m | €4.0m | €4.4m | ▲ 11.0% |
| Raw materials and consumables30/31 | €2.7m | €3.6m | €3.8m | €4.0m | €4.4m | ▲ 11.0% |
| Amounts receivable within one year40/41 | €1.7m | €3.4m | €4.5m | €4.9m | €5.6m | ▲ 14.0% |
| Trade receivables40 | €1.6m | €2.4m | €4.4m | €4.8m | €4.9m | ▲ 2.3% |
| Other amounts receivable41 | €135,000 | €1.0m | €127,700 | €110,798 | €691,965 | ▲ 525% |
| Cash at bank and in hand54/58 | €804,476 | €1.2m | €830,589 | €987,970 | €401,400 | ▼ 59.4% |
| Deferred charges and accrued income490/1 | €28,903 | €49,679 | €54,012 | €147,032 | €183,495 | ▲ 24.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.3m | €10.6m | €10.8m | €12.9m | €14.8m | ▲ 14.8% |
| Equity10/15 | €4.3m | €5.0m | €4.0m | €4.6m | €4.2m | ▼ 8.8% |
| Contributions10/11 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | = |
| Reserves13 | €4.3m | €5.0m | €4.0m | €4.5m | €4.1m | ▼ 8.9% |
| Non-distributable reserves130/1 | €3,100 | - | - | - | - | - |
| Reserves not available under the articles1311 | €3,100 | - | - | - | - | - |
| Tax-exempt reserves132 | €753,685 | €112,387 | €112,387 | €112,387 | €101,137 | ▼ 10.0% |
| Distributable reserves133 | €3.5m | €4.8m | €3.9m | €4.4m | €4.0m | ▼ 8.8% |
| Profit (loss) carried forward14 | €9,825 | €1,669 | €1,669 | - | - | - |
| Provisions and deferred taxes16 | €217,516 | €3,750 | €3,750 | €3,750 | €0 | ▼ 100% |
| Deferred taxes168 | €217,516 | €3,750 | €3,750 | €3,750 | €0 | ▼ 100% |
| Amounts payable17/49 | €4.8m | €5.6m | €6.8m | €8.3m | €10.6m | ▲ 27.8% |
| Amounts payable after more than one year17 | €2.4m | €2.3m | €1.7m | €2.1m | €3.0m | ▲ 42.3% |
| Financial debts170/4 | €2.4m | €2.3m | €1.7m | €2.1m | €2.9m | ▲ 35.2% |
| Leasing and similar obligations172 | €2.4m | €175,906 | €74,577 | €201,466 | €133,190 | ▼ 33.9% |
| Credit institutions173 | €47,469 | €2.1m | €1.7m | €1.9m | €0 | ▼ 100% |
| Other loans174 | - | - | - | - | €2.7m | - |
| Other amounts payable178/9 | - | - | - | - | €150,000 | - |
| Amounts payable within one year42/48 | €2.4m | €3.3m | €5.0m | €6.1m | €7.4m | ▲ 22.0% |
| Current portion of amounts payable after more than one year42 | €331,488 | €539,470 | €492,309 | €708,782 | €61,198 | ▼ 91.4% |
| Financial debts43 | €229,360 | €215,228 | €184,351 | €167,544 | €71,360 | ▼ 57.4% |
| Credit institutions430/8 | €229,360 | €215,228 | €184,351 | €167,544 | €71,360 | ▼ 57.4% |
| Trade debts44 | €1.4m | €1.7m | €3.2m | €3.8m | €5.1m | ▲ 33.9% |
| Suppliers440/4 | €1.4m | €1.7m | €3.2m | €3.8m | €5.1m | ▲ 33.9% |
| Taxes, remuneration and social security45 | €427,929 | €814,021 | €819,280 | €1.1m | €797,674 | ▼ 25.2% |
| Taxes450/3 | €240,681 | €442,603 | €153,560 | €413,561 | €290,272 | ▼ 29.8% |
| Remuneration and social security454/9 | €187,249 | €371,419 | €665,720 | €652,847 | €507,403 | ▼ 22.3% |
| Other amounts payable47/48 | - | - | €300,000 | €300,000 | €1.4m | ▲ 350% |
| Accrued charges and deferred income492/3 | €887 | - | €64,558 | €127,282 | €206,525 | ▲ 62.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €679,680 | €690,545 | €511,391 | €564,675 | -€402,231 | ▼ 171% |
| + Depreciation and write-downs630 | €414,104 | €218,759 | €361,114 | €460,585 | €721,254 | ▲ 56.6% |
| Operating cash flow (approximation) | €1.1m | €909,304 | €872,505 | €1.0m | €319,023 | ▼ 68.9% |
| Investment in fixed assets (approximation) | - | €1.6m | €289,606 | -€1.7m | -€2.1m | ▼ 20.3% |
| Change in cash | - | €399,483 | -€373,370 | €157,381 | -€586,570 | ▼ 473% |
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
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€402,231
Net result drops to -€402,231, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €2.0m ▲502%
Operating result €2.7m, net result €2.0m, both a record.
31-12
Financial
Equity above €2mEq €3.6m ▲119%
2 profitable years in a row build equity to €3.6m.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €325,884
Net result €325,884 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Aalter · 3 establishment units since 1990
Ground area
1.9 ha
Building footprint
6,999 m²
Volume, LiDAR
12,552 m³
3 parcels, Flanders · tallest building 17.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
Salubris
since 19902.046.621.014
Veedijk 39, 2300 Turnhout
since 20232.347.706.737
Salubris
since 20262.393.137.181
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001B0846/00M000 | Flanders | 8,638 m² | 1 · 4,881 m² | 17.4 m |
| 44001B0566/00T000 | Flanders | 6,272 m² | 1 · 246 m² | 6.6 m · 2 fl. |
| 13452M0623/00R000 | Flanders | 3,710 m² | 1 · 1,872 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- Essaho
- Etablissements Sintobin frères
- SALUBRIS
Highest known parent: Essaho. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 1
-
100%
According to the 2025 annual accounts of SALUBRIS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 10,662 EUR awarded · 10,365 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,975 EUR | 3,293 EUR |
| 2024 | 1 | 5,560 EUR | 5,560 EUR |
| 2023 | 1 | 250 EUR | 635 EUR |
| 2022 | 1 | 877 EUR | 877 EUR |
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Of 472 companies in sector 46442 we hold annual accounts for 334. 133 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
Founded01-01-1990
Fiscal year end31-12
Activities, NACEBEL 2025
46442Wholesale trade
46450Wholesale of perfume and cosmetics
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439419995
Registered
22-05-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.