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SALUC

Active
Public limited companyfounded 1990active for 36 yearsRue de Tournai(CAL) 2, 7604 Péruwelz, BelgiumKBO/BCE: BE 0440.740.581
Summary

SALUC has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.2m and a net result of €4.0m. Equity is shrinking by about 4.2% per year across the filed financial years. Its solvency ranks better than 49% of 143 sector peers (NACE 32, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
SALUCActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Other manufacturing
NACE 32400
Largest company by total assets in Hainaut, Other manufacturing sector1 site
Size
€31.9mturnover 2025
Staff
188.2 FTE
Equity
€10.2m
Profit
€4.0m
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
IWAN SIMONIS · 100%
Board
4 members
  • Yves BILQUIN SCommManaging director
Auditor: BDO Réviseurs d'Entreprises2025 accounts 31 days early6 of 18 deeds summarised
Why 97lowers riskLiquidity: current ratio 2.24, cash €5.8mFounded in 1990Size: turnover €31.9m, 188.2 FTE, total assets €21.2mEquity €10.2m (48.4% of total assets)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 77% of its sector peers (all companies)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 73+8
equity 48.4% of total assets
Liquidity 64+5
short-term debt 42.4% · cash 27.3%
Profitability 94-6
return on assets 18.8%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (19 companies, NACE 32, medium-sized)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €950,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.24, compared with 2.05 in 2024, above the usual 1.5; short-term debt: 42.4% and cash: 27.3% of total assets), but 51.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies): better than 65% on solvency, 87% on liquidity, 97% on profitability and 59% on growth.

The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 2.24, cash €5.8m
NBB · annual accounts
lowers risk · Founded in 1990
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €31.9m, 188.2 FTE, total assets €21.2m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €10.2m (48.4% of total assets)
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €10.2m
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 days early
2024
30 days early
2023
27 days early
2022
21 days late
2021
30 days late
2020
24 days early
2019
14 days 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 11 days before the deadline; the sector median (NACE 32) for financial year 2024 is 2 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 July (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Equity above €10mequity €10.2m ▲7.5%
  3. Reappointments: Iwan Simonis SA (director) and…Permanent representative: Emmanuel Schellekens

Key points

  • Positive: Largest company by total assets in Hainaut, Other manufacturing sectorin the Checked rankings No. 1 View
  • Positive: 7 years of growth in a rowturnover 2025: €31.9m 7 years View
  • Controlled by IWAN SIMONISultimately: Peltzer & Fils SA 100% View
  • Caution: Result fell in 2025from €5.8m to €4.0m ▼ 31.7% View

By topic

Financials

Financial year
2025
Turnover
€31.9m
Profit
€4.0m
Solvency
48.4%
Turnover▲ 2.0%
Net result
20182025
Go to Financials

Board & ownership

Board
4 members
Parent
IWAN SIMONIS · 100%
Auditor
BDO Réviseurs d'Entreprises
  • Yves BILQUINDirector
  • DLH MANAGEMENTDirector
  • ABCIS PartnerDirector
  • Iwan Simonis SADirector
Go to Board & ownership

Timeline

Events
44
Since
1991
Next accounts
by 31-07-2027
  1. 01-07-2025Annual accounts filed
  2. 20-05-2025Resignations: ABCIS Partners SRL (managing director) and…
  3. 18-07-2024Appointment: DLH Management (director)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other manufacturingNACE 32400
Founded
29-05-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about SALUC

What is the company number of SALUC?
0440.740.581. In Belgium the VAT number is the company number with BE in front: BE 0440.740.581.
Where is SALUC based?
The registered office is at Rue de Tournai(CAL) 2, 7604 Péruwelz.Company details
What does SALUC do?
According to the KBO register, the main activity is other manufacturing (NACE 32400).
What is the legal form of SALUC?
Public limited company (NV).
When was SALUC founded?
On 29-05-1990.
Is SALUC still active?
Yes, SALUC is an active enterprise in the KBO register.
How many employees does SALUC have?
On average 188.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SALUC?
€31.9m in financial year 2025, according to the filed annual accounts.
Is SALUC profitable?
In financial year 2025, SALUC made a profit of €4.0m.
Where can I find the annual accounts of SALUC?
SALUC filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SALUC due?
By 31-07-2027, for financial year 2026.Timeline

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