SALUZ
ActiveSummary
SALUZ has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €53k and a net result of €17k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 57% of 344 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability90▲+16
Solvency79▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.43 in 2023; short-term debt: 45.8% and cash: 50.6% of total assets), and 45.8% 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 · 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 · 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
54.2%
Return on assets
16.8%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 80
Relative position
BE, all sectors
reference
Investigation and security activities (NACE 80)
about 5% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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
27 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
27 d late
2019
38 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€53k▲ 44.8%
2023 · €37k
Total assets
€99k▲ 18.4%
2023 · €83k
Net result
€17k▲ 380%
2023 · €3k
Working capital
€43k▲ 116%
2023 · €20k
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
Line20202021202220232024
Operating result€22k▲ 238%€8k▼ 62.2%€5k▼ 36.8%€8k▲ 46.5%€27k▲ 254%
Net result€12k▲ 377%€3k▼ 71.6%€-146€3k€17k▲ 380%
Equity€30k▲ 61.7%€34k▲ 10.8%€33k▼ 0.4%€37k▲ 10.3%€53k▲ 44.8%
Total assets€74k▼ 6.7%€82k▲ 10.3%€71k▼ 13.8%€83k▲ 17.7%€99k▲ 18.4%
Debt€44k▼ 27.7%€48k▲ 10.0%€37k▼ 23.1%€46k▲ 24.4%€45k▼ 2.6%
Working capital€8k▲ 78.3%€12k▲ 49.4%€11k▼ 2.6%€20k▲ 73.1%€43k▲ 116%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 254% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €99k
Fixed assets
€10k ▼ 38.5%
Current assets
€88k ▲ 33.0%
Equity and liabilities €99k
Equity
€53k ▲ 44.8%
Debt
€45k ▼ 2.6%
Debt's share of the balance-sheet total falls from 55.7% to 45.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31k▲
2023 · €14k
Cash flow
€20k▲
2023 · €9k
Current ratio
1.95▲
2023 · 1.43
Debt to equity
0.85▼
2023 · 1.26
ROE
31.0%▲
2023 · 9.3%
ROA
16.8%▲
2023 · 4.1%
Interest coverage
25.87▲
2023 · 9.82
Debt ≤ 1 year
€45k▼
2023 · €46k
Income taxes
€10k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | €7k | €6k | €4k | ▼ 32.6% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▼ 10.6% |
| Non-recurring operating charges66A | - | - | - | - | €445 | - |
| Gross operating margin9900 | €30k | €17k | €14k | €15k | €33k | ▲ 117% |
| Operating profit (loss)9901 | €22k | €8k | €5k | €8k | €27k | ▲ 254% |
| Financial income75/76B | - | €142 | €192 | €353 | €553 | ▲ 56.3% |
| Recurring financial income75 | €99 | €142 | €192 | €353 | €553 | ▲ 56.3% |
| Financial charges65/66B | - | €2k | €2k | €1k | €1k | ▼ 12.5% |
| Recurring financial charges65 | €2k | €2k | €2k | €1k | €1k | ▼ 12.5% |
| Profit (loss) for the period before taxes9903 | €20k | €7k | €4k | €7k | €27k | ▲ 298% |
| Income taxes67/77 | €9k | €4k | €4k | €3k | €10k | ▲ 213% |
| Profit (loss) for the period9904 | €12k | €3k | €-146 | €3k | €17k | ▲ 380% |
| Profit (loss) for the period to be appropriated9905 | €12k | €3k | €-146 | €3k | €17k | ▲ 380% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74k | €82k | €71k | €83k | €99k | ▲ 18.4% |
| Fixed assets21/28 | €34k | €28k | €23k | €17k | €10k | ▼ 38.5% |
| Tangible fixed assets22/27 | €34k | €28k | €23k | €17k | €10k | ▼ 38.5% |
| Plant, machinery and equipment23 | - | €869 | €2k | €2k | €949 | ▼ 37.3% |
| Furniture and vehicles24 | - | €7k | €4k | €3k | - | - |
| Other tangible fixed assets26 | - | €20k | €16k | €13k | €9k | ▼ 26.3% |
| Current assets29/58 | €41k | €54k | €48k | €66k | €88k | ▲ 33.0% |
| Amounts receivable within one year40/41 | €5k | €11k | €16k | €18k | €31k | ▲ 72.6% |
| Trade receivables40 | - | €10k | €11k | €12k | €20k | ▲ 61.4% |
| Other amounts receivable41 | - | €607 | €4k | €5k | €11k | ▲ 98.1% |
| Cash at bank and in hand54/58 | €35k | €38k | €26k | €42k | €50k | ▲ 18.0% |
| Deferred charges and accrued income490/1 | - | €5k | €6k | €6k | €7k | ▲ 21.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74k | €82k | €71k | €83k | €99k | ▲ 18.4% |
| Equity10/15 | €30k | €34k | €33k | €37k | €53k | ▲ 44.8% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €12k | €15k | €15k | €19k | €35k | ▲ 89.2% |
| Non-distributable reserves130/1 | - | €302 | €302 | - | - | - |
| Reserves not available under the articles1311 | - | €302 | €302 | - | - | - |
| Distributable reserves133 | - | €15k | €15k | €19k | €35k | ▲ 89.2% |
| Profit (loss) carried forward14 | €12k | €12k | €12k | €12k | €12k | = |
| Amounts payable17/49 | €44k | €48k | €37k | €46k | €45k | ▼ 2.6% |
| Amounts payable after more than one year17 | €11k | €6k | €917 | - | - | - |
| Financial debts170/4 | - | €6k | €917 | - | - | - |
| Amounts payable within one year42/48 | €33k | €42k | €36k | €46k | €45k | ▼ 2.6% |
| Current portion of amounts payable after more than one year42 | - | €5k | €5k | €917 | - | - |
| Trade debts44 | €9k | €21k | €17k | €37k | €30k | ▼ 18.8% |
| Suppliers440/4 | - | €21k | €17k | €37k | €30k | ▼ 18.8% |
| Taxes, remuneration and social security45 | - | €16k | €14k | €8k | €15k | ▲ 80.4% |
| Taxes450/3 | - | €16k | €14k | €8k | €15k | ▲ 80.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €3k | €-146 | €3k | €17k | ▲ 380% |
| + Depreciation and write-downs630 | €6k | €7k | €7k | €6k | €4k | ▼ 32.6% |
| Operating cash flow (approximation) | €18k | €10k | €7k | €9k | €20k | ▲ 120% |
| Investment in fixed assets (approximation) | - | €-956 | €-2k | €0 | €3k | - |
| Change in cash | - | €3k | €-12k | €16k | €8k | ▼ 52.5% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €17k ▲380%
Operating result €27k, net result €17k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Wuustwezel · 1 establishment unit since 2011
Ground area
642 m²
Building footprint
143 m²
Volume, LiDAR
260 m³
Parcel 11682G0046/00W000, Flanders · tallest building 11.8 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SALUZ
since 20112.198.332.972
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11682G0046/00W000 | Flanders | 642 m² | 1 · 143 m² | 11.8 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 461 companies in sector 80090 we hold annual accounts for 261. 192 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
Founded11-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
80090Investigation and security activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
74201Photography, excluding press photography
74999Other professional, scientific and technical activities
81300Landscape service activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.