Equity
-€115,755
Debts exceed assets in financial year 2025.
SALVATECH
Lifetime
16 annual accounts with figures on one time axispeak €133,136 (2024)
€58,882▼ 55.8%
lowest -€55,298 (2014)
-€53,819▼ €44,315
peak €50,934 (2011)
-€115,755▼ €53,819
€231,374▲ 54.6%
peak 1 FTE (2019)
-not published
Board5 names since 2016
3 directors and 2 others
Documentsfilings and deeds
20-07-202611 days before the deadline
2025micro format
Gross margin from €133,136 to €58,882Loss of €53,819Company renamed from IMMO SAHIN to SALVATECH 03-04Equity from -€61,936 to -€115,755Debts from €149,660 to €231,374Cash from €5,463 to €22,579
Key points
from the 2025 annual accountsLosses
-€110,233 in five years
Every financial year from 2021 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€231,374 200% of the balance sheet
Suppliers 18%Taxes and wages 73%Other 9%
Filings
16 annual accounts since 2010
Four of the last ten came late. The 2021 accounts came latest: 59 days after the end of the period.
Board
2 left
Directors left. Latest change 11-08-2026 · 1 in office.
Position in the sector
-100.1%
Lower solvency than 95% of companies in specialised construction. Sector median 46.9% · 37,177 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,909 companies had the same profile as SALVATECH has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,909 companies, not a prediction for SALVATECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Left the Peppol Directory
Resignations: (director) and (director)
General meeting of 22-06-2026 · Gazette deed
Company renamed from IMMO SAHIN to SALVATECH
Changes of role: , and · General meeting of 27-03-2025 · Gazette deed
Registered office moved from Charleroi to Jumet
New registered office: rue d'Edimbourg 26 à 6040 Jumet · Previous registered office: RUE FRERE ORBAN 124 à 6020 CHARLEROI · Appointment: (manager) · General meeting of 05-03-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SALVATECH Charleroi | €115,619 | €58,882 | -100.1% | - |
| GL Electronics Farciennes | €109,001 | €55,620 | 68.0% | - |
| GMV Technology Boussu | €134,697 | €63,321 | 67.5% | - |
| NAIM ELECTRO Grimbergen | €127,401 | €58,548 | 42.0% | - |
| ECOTEC LEASE Hooglede | €103,546 | €57,621 | 84.5% | - |
| ELECTRICITE LOUIS ERIC Burdinne | €118,664 | €53,993 | 82.8% | - |
| PRO ELECTRICS Wavre | €103,376 | €65,325 | 21.1% | - |
These companies have the same main activity as SALVATECH: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €103,000 and €135,000, founded between 2009 and 2012.
Official details
Source: KBO- Status
- Active since 02-03-2010Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.187.290.1176040 Charleroi, since 02-03-2010
- Financial year end
- 31 December
- Peppol
- Left the register on 30-09-2026
Annual accounts 2025
- ≈ €230,000estimated
- €115,619▲ 31.8%
- ≈ 1.8 FTEestimated
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on SALVATECH
SALVATECH files the micro format. That format states no turnover. The gross margin rose from -€1,357 in 2010 to €58,882 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SALVATECH
- What is the company number of SALVATECH?
- The company number of SALVATECH is 0823.567.909. The VAT number is the same number with BE in front: BE 0823.567.909.
- Where is SALVATECH based?
- The registered office is at Rue d'Edimbourg 26, 6040 Charleroi.Company details
- What does SALVATECH do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of SALVATECH?
- SALVATECH is a private limited company (BV).
- When was SALVATECH founded?
- SALVATECH was founded on 02-03-2010.
- Is SALVATECH still active?
- Yes, SALVATECH is an active enterprise in the KBO register.
- How many employees does SALVATECH have?
- SALVATECH had an average of 1 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of SALVATECH?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €58,882 and 40 comparable companies (NACE 43211). It probably lies between €140,000 and €360,000. In financial year 2024 turnover was €534,460.
- Is SALVATECH profitable?
- In financial year 2025, SALVATECH made a loss of €53,819.
- Where can I find the annual accounts of SALVATECH?
- SALVATECH filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SALVATECH due?
- SALVATECH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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