SALUTE
ActiveSummary
SALUTE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20k and a net result of €-2k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 45% of 3022 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability33▼-10
Solvency46▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.15 in 2023; short-term debt: 79.1% and cash: 6.5% of total assets), and 79.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← 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
20.9%
Return on assets
-1.9%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
140 d late
2022
79 d late
2021
444 d late
2019
7 d early
2018
176 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Equity
€20k▼ 8.5%
2023 · €21k
Total assets
€94k▼ 11.2%
2023 · €105k
Net result
€-2k
2023 · €2k
Working capital
€11k▼ 14.2%
2023 · €13k
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
Line20192021202220232024
Operating result€-18k▼ 155%€11k-€2k€6k▲ 144%
Net result€-19k▼ 148%€10k-€2k€-2k
Equity€-5k€19k-€19k=€21k▲ 11.8%€20k▼ 8.5%
Total assets€5k▼ 84.4%€88k-€88k=€105k▲ 19.5%€94k▼ 11.2%
Debt€10k▼ 45.8%€69k-€69k=€84k▲ 21.7%€74k▼ 11.9%
Working capital€-5k€10k-€10k=€13k▲ 21.5%€11k▼ 14.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 144% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €94k
Fixed assets
€9k =
Current assets
€85k ▼ 12.2%
Equity and liabilities €94k
Equity
€20k ▼ 8.5%
Debt
€74k ▼ 11.9%
Debt's share of the balance-sheet total falls from 79.7% to 79.1%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.15▼
2023 · 1.15
Debt to equity
3.79▼
2023 · 3.93
ROE
-9.2%▼
2023 · 10.5%
ROA
-1.9%▼
2023 · 2.1%
Debt ≤ 1 year
€74k▼
2023 · €84k
Income taxes
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €636 | €4k | - | - | - | - |
| Other operating charges640/8 | - | - | - | €109 | €761 | ▲ 598% |
| Non-recurring operating charges66A | - | - | - | - | €26 | - |
| Gross operating margin9900 | €-3k | €15k | - | €2k | €7k | ▲ 166% |
| Operating profit (loss)9901 | €-18k | €11k | - | €2k | €6k | ▲ 144% |
| Financial income75/76B | - | - | - | - | €238 | - |
| Recurring financial income75 | €0 | - | - | - | €238 | - |
| Financial charges65/66B | - | €198 | - | €107 | €6k | ▲ 5,769% |
| Recurring financial charges65 | €169 | €198 | - | €107 | €6k | ▲ 5,769% |
| Profit (loss) for the period before taxes9903 | €-19k | €10k | - | €2k | €-248 | ▼ 111% |
| Income taxes67/77 | €901 | - | - | - | €2k | - |
| Profit (loss) for the period9904 | €-19k | €10k | - | €2k | €-2k | ▼ 180% |
| Profit (loss) for the period to be appropriated9905 | €-19k | €10k | - | €2k | €-2k | ▼ 180% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5k | €88k | €88k | €105k | €94k | ▼ 11.2% |
| Fixed assets21/28 | €0 | €9k | €9k | €9k | €9k | = |
| Tangible fixed assets22/27 | €0 | €9k | €9k | €9k | €9k | = |
| Furniture and vehicles24 | - | €9k | €9k | €9k | €9k | = |
| Other tangible fixed assets26 | - | €0 | €0 | €0 | €0 | = |
| Current assets29/58 | €5k | €80k | €80k | €97k | €85k | ▼ 12.2% |
| Amounts receivable within one year40/41 | - | €75k | €75k | €89k | €79k | ▼ 11.5% |
| Trade receivables40 | - | €75k | €75k | €89k | €79k | ▼ 11.5% |
| Cash at bank and in hand54/58 | €5k | €4k | €4k | €4k | €6k | ▲ 45.6% |
| Deferred charges and accrued income490/1 | - | - | - | €4k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5k | €88k | €88k | €105k | €94k | ▼ 11.2% |
| Equity10/15 | €-5k | €19k | €19k | €21k | €20k | ▼ 8.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Distributable reserves133 | - | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €-13k | €11k | €11k | €13k | €12k | ▼ 13.6% |
| Amounts payable17/49 | €10k | €69k | €69k | €84k | €74k | ▼ 11.9% |
| Amounts payable within one year42/48 | €10k | €69k | €69k | €84k | €74k | ▼ 11.9% |
| Trade debts44 | - | €59k | €59k | €70k | €60k | ▼ 15.3% |
| Suppliers440/4 | - | €59k | €59k | €70k | €60k | ▼ 15.3% |
| Taxes, remuneration and social security45 | - | €8k | €8k | €12k | €769 | ▼ 93.6% |
| Taxes450/3 | - | €8k | €8k | €12k | €769 | ▼ 93.6% |
| Other amounts payable47/48 | - | €2k | €2k | €2k | €14k | ▲ 664% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-19k | €10k | - | €2k | €-2k | ▼ 180% |
| + Depreciation and write-downs630 | €636 | €4k | - | - | - | - |
| Operating cash flow (approximation) | €-19k | €15k | - | €2k | €-2k | ▼ 180% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | - | €0 | €-113 | €2k | ▲ 1,793% |
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
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 140 days late
2023
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 79 days late
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 444 days late
2021
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.15
Current ratio from 0.51 to 1.15.
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 176 days late
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 541 days late
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 906 days late
2019
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
2015
12-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 12 days late
2013
29-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Antwerpen · 1 establishment unit since 2011
Ground area
371 m²
Building footprint
354 m²
Volume, LiDAR
5,843 m³
2 parcels, Flanders · tallest building 24.2 m, ±7 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
SALUTE
since 20112.197.331.102
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0196/00B004 | Flanders | 202 m² | 1 · 185 m² | 24.2 m · 7 fl. |
| 11807G0196/00Y003 | Flanders | 169 m² | 1 · 169 m² | 23.8 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
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 6,732 companies in sector 93299 we hold annual accounts for 1,168. 785 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 (pre-2019)
Founded21-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
93299Other amusement and recreation activities
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.