SALVA
ActiveSummary
SALVA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €22k. Equity is shrinking by ~27.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▲+7
Solvency27=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.76 in 2024; short-term debt: 62% and cash: 1.2% of total assets), and 97.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
2.4%
Return on assets
2.6%
Age of the figures
9 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9194 sector peers (2025).
NBB · sector comparisonPosition among 9194 sector peers
Solvency
better than 20%
← weakest
strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
26 d early
2023
14 d early
2022
28 d late
2021
75 d late
2020
31 d late
2019
7 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€20k=
2024 · €20k
2018: €162k
2019: €222k
2020: €248k
2021: €285k
2022: €321k
2023: €20k
2024: €20k
2018 → 2025
Total assets
€848k▼ 7.4%
2024 · €915k
2018: €919k
2019: €858k
2020: €768k
2021: €722k
2022: €712k
2023: €1.09M
2024: €915k
2018 → 2025
Net result
€22k▲ 70.2%
2024 · €13k
2018: €22k
2019: €60k
2020: €27k
2021: €37k
2022: €36k
2023: €25k
2024: €13k
2018 → 2025
Working capital
€-166k▼ 35.5%
2024 · €-122k
2018: €-140k
2019: €-94k
2020: €-82k
2021: €-60k
2022: €-38k
2023: €-81k
2024: €-122k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€285k-€321k▲ 12.5%€20k▼ 93.8%€20k=€20k=
Operating result€67k-€64k▼ 3.6%€58k▼ 9.9%€65k▲ 12.0%€70k▲ 7.1%
Net result€37k-€36k▼ 2.8%€25k▼ 28.7%€13k▼ 49.8%€22k▲ 70.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €848k
Fixed assets
€488k ▼ 7.8%
Current assets
€360k ▼ 6.7%
Equity and liabilities €848k
Equity
€20k =
Debt
€828k ▼ 7.5%
Debt's share of the balance-sheet total falls from 97.8% to 97.6%. Debt is lower.
Key figures and ratios
EBITDA
€111k▲
2024 · €106k
Cash flow
€63k▲
2024 · €54k
Current ratio
0.68▼
2024 · 0.76
Debt to equity
41.40▼
2024 · 44.77
ROE
108.6%▲
2024 · 63.8%
ROA
2.6%▲
2024 · 1.4%
Interest coverage
2.83▲
2024 · 2.22
Debt ≤ 1 year
€526k▲
2024 · €508k
Debt > 1 year
€297k▼
2024 · €381k
Income taxes
€9k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€915k€848k▼
Fixed assets21/28€529k€488k▼
Tangible fixed assets22/27€529k€488k▼
Land and buildings22€529k€488k▼
Current assets29/58€386k€360k▼
Amounts receivable after more than one year29€317k€305k▼
Other amounts receivable291€317k€305k▼
Amounts receivable within one year40/41€57k€45k▼
Trade receivables40€56k€43k▼
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€11k€10k▼
Deferred charges and accrued income490/1€310€539▲
Equity and liabilities
Total equity and liabilities10/49€915k€848k▼
Equity10/15€20k€20k=
Contributions10/11€20k€20k=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€895k€828k▼
Amounts payable after more than one year17€381k€297k▼
Financial debts170/4€381k€297k▼
Amounts payable within one year42/48€508k€526k▲
Current portion of amounts payable after more than one year42€83k€84k▲
Financial debts43€385k€385k=
Credit institutions430/8€385k€385k=
Trade debts44€3k€11k▲
Suppliers440/4€3k€11k▲
Taxes, remuneration and social security45€24k€19k▼
Taxes450/3€24k€19k▼
Other amounts payable47/48€13k€27k▲
Accrued charges and deferred income492/3€6k€5k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€41k=
Other operating charges640/8€902€1k▲
Gross operating margin9900€107k€112k▲
Operating profit (loss)9901€65k€70k▲
Financial income75/76B€35€1▼
Recurring financial income75€35€1▼
Financial charges65/66B€48k€39k▼
Recurring financial charges65€48k€39k▼
Profit (loss) for the period before taxes9903€17k€30k▲
Income taxes67/77€4k€9k▲
Profit (loss) for the period9904€13k€22k▲
Profit (loss) for the period to be appropriated9905€13k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€22k▲
Transfer from equity791/2€0-
Profit to be distributed694/7€13k€22k▲
Return on contributions (dividend)694€13k€22k▲
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €13k ▼49.8%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-12
Financial
Highest result since 2018net €60k ▲168%
Operating result €104k, net result €60k, both a record.
31-12
Financial
Equity above €200kEq €222k ▲36.8%
2 profitable years in a row build equity to €222k.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro 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.
Directors · office · real estate
Directors
6 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, Hulshout · 2 establishment units since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hoekske 12235 HulshoutGround area
9,317 m²
Building footprint
429 m²
Volume, LiDAR
2,811 m³
2 parcels, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
SALVA
since 20122.210.062.945
Leuvensesteenweg 114, 3200 Aarschot
since 20192.299.295.126
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13015B0222/00A000 | Flanders | 9,056 m² | 1 · 318 m² | 9.1 m · 2 fl. |
| 24662E0062/00R012 | Flanders | 261 m² | 1 · 111 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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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CHECK!
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 2,490 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-05-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:klaus.van.dyck@gmail.com