SALVO

Active

Private limited companyfounded 200026 yrs activeEmile Jacqmainlaan 74, 1000 Brussel, BelgiumKBO/BCE: BE 0470.815.828

The computed 12-month bankruptcy probability of SALVO is 2.7% (moderate). The 2025 annual accounts show equity of €50k and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 58% of 3644 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

55 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability48▼-25

Solvency62▲+6

Growth32=

Track record100

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days acceptable

Liquidity ample (current ratio 3.01 against 2.16 in 2024; short-term debt: 18% and cash: 15% of total assets), but 62.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

37.3%

Return on assets

2.3%

Age of the figures

9 mo

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 €50k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-09-2026, 35 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 filings

Deviation from the deadline

2025

35 d late

2024

62 d late

2023

1 d early

2022

27 d early

2021

13 d early

2020

68 d late

2019

61 d late

← before the deadline after the deadline →

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 months

Position in the running window

18-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€3k▼ 33.7%

2024 · €5k

2018: €5k 2019: €-29k 2020: €-20k 2021: €-12k 2022: €14k 2023: €33k 2024: €5k

2018 → 2025

Working capital

€48k▼ 7.8%

2024 · €53k

2018: €29k 2019: €-15k 2020: €-614 2021: €-17k 2022: €-30k 2023: €-3k 2024: €53k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-5k-€9k€42k▲ 356%€47k▲ 11.0%€50k▲ 6.6%

Operating result€868-€27k▲ 2,960%€50k▲ 87.0%€10k▼ 79.4%€21k▲ 108%

Net result€-12k-€14k€33k▲ 140%€5k▼ 85.9%€3k▼ 33.7%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 108% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €134k

45.9%

54.1%

Fixed assets €62k▲ 13.6%

Current assets €73k▼ 26.0%

Equity and liabilities €134k

37.3%

62.7%

Equity €50k▲ 6.6%

Debt €84k▼ 20.1%

The debt ratio falls from 69.2% to 62.7%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€26k▼

2024 · €41k

Cash flow

€8k▼

2024 · €36k

Solvency

37.3%▲

2024 · 30.8%

Current ratio

3.01▲

2024 · 2.16

Quick ratio

2.73▲

2024 · 2.01

Debt / equity

1.68▼

2024 · 2.24

ROE

6.2%▼

2024 · 9.9%

ROA

2.3%▼

2024 · 3.1%

Interest coverage

3.15▼

2024 · 7.45

Debt

€84k▼

2024 · €105k

Debt ≤ 1 year

€24k▼

2024 · €45k

Debt > 1 year

€60k▲

2024 · €60k

Income taxes

€10k

Staff costs

€9k▼

2024 · €22k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€152k€134k▼

Fixed assets21/28€54k€62k▲

Tangible fixed assets22/27€46k€54k▲

Plant, machinery and equipment23€5k€6k▲

Furniture and vehicles24€7k€6k▼

Leasing and similar rights25€5k€5k▲

Other tangible fixed assets26€30k€37k▲

Financial fixed assets28€8k€8k=

Current assets29/58€98k€73k▼

Stocks and contracts in progress3€7k€7k=

Stocks30/36€7k€7k=

Amounts receivable within one year40/41€82k€45k▼

Trade receivables40€23k€3k▼

Other amounts receivable41€59k€42k▼

Cash at bank and in hand54/58€6k€20k▲

Deferred charges and accrued income490/1€3k€536▼

Equity and liabilities

Total equity and liabilities10/49€152k€134k▼

Equity10/15€47k€50k▲

Contributions10/11€19k€19k=

Reserves13€24k€24k=

Non-distributable reserves130/1€12k€12k=

Reserves not available under the articles1311€12k€12k=

Distributable reserves133€11k€11k=

Profit (loss) carried forward14€5k€8k▲

Amounts payable17/49€105k€84k▼

Amounts payable after more than one year17€60k€60k▲

Financial debts170/4€60k€60k▲

Amounts payable within one year42/48€45k€24k▼

Current portion of amounts payable after more than one year42€26k€18k▼

Trade debts44€2k€2k▼

Suppliers440/4€2k€2k▼

Taxes, remuneration and social security45€6k€4k▼

Taxes450/3€6k€4k▼

Remuneration and social security454/9€10-

Other amounts payable47/48€11k-

Income statement Code20242025

Remuneration, social security and pensions62€22k€9k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€5k▼

Other operating charges640/8€2k€31▼

Gross operating margin9900€65k€35k▼

Operating profit (loss)9901€10k€21k▲

Financial charges65/66B€6k€8k▲

Recurring financial charges65€6k€8k▲

Profit (loss) for the period before taxes9903€5k€13k▲

Income taxes67/77-€10k

Profit (loss) for the period9904€5k€3k▼

Profit (loss) for the period to be appropriated9905€5k€3k▼

Appropriation of the result

Profit (loss) to be appropriated9906€5k€8k▲

Profit (loss) brought forward from the previous period14P-€5k

Social balance

Average headcount (FTE)90871.2-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

04-09

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 35 days late

2025

01-10

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 62 days late

2024

31-12

Financial Liquidity doublescurrent ratio 2.16

Current ratio from 0.96 to 2.16; short-term debt falls from €64k to €45k.

30-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Highest result since 2018net €33k ▲140%

Operating result €50k, net result €33k, both a record.

04-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €14k

Net result €14k after 3 loss-making years.

18-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

07-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 68 days late

2020

30-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 61 days late

2019

31-12

Financial Weakest financial yearnet €-29k ▼686%

Net result drops to €-29k, the lowest in the series; recovery starts the following year.

11-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

21-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 21 days late

2017

20-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

9 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, Brussel · 2 establishment units since 2010

establishment All 2 establishment units on the map

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.

Emile Jacqmainlaan 741000 Brussel

Ground area

692 m²

Building footprint

543 m²

Volume, LiDAR

4,885 m³

3 parcels, Brussels, Flanders · tallest building 22.6 m, ±7 floors. Linked by address, not a title deed.

2 establishment units

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IL BARETTO

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since 20232.354.402.806

3 parcels

Flanders 2 (66.7%) Brussels 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23095B0101/00W028	Flanders	505 m²	1 · 403 m²	16.0 m · 4 fl.
23095B0131/00E000	Flanders	128 m²	1 · 85 m²	9.2 m · 3 fl.
21812N0872/00K000	Brussels	58 m²	1 · 55 m²	22.6 m · 7 fl.