SALVO
ActiveSALVO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-12k) and a net result of €-30k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 31487 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
15
/ 100
Critical▼ -37 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency34▼-60
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 1.91 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2025Solvency, return and age of the figures
Solvency
-76.5%
Return on assets
-192.1%
Age of the figures
14 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 · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€12k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-02-2026, 11 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
11 d late
2024
on the day
2023
22 d late
2022
on the day
2021
on the day
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-12k
2024 · €18k
2019: €49k
2020: €63k
2021: €50k
2022: €65k
2023: €100k
2024: €18k
2019 → 2025
Total assets
€15k▼ 55.6%
2024 · €35k
2019: €65k
2020: €66k
2021: €54k
2022: €77k
2023: €120k
2024: €35k
2019 → 2025
Net result
€-30k▲ 64.1%
2024 · €-83k
2019: €-40k
2020: €15k
2021: €9k
2022: €15k
2023: €35k
2024: €-83k
2019 → 2025
Working capital
€-13k
2024 · €15k
2019: €43k
2020: €59k
2021: €46k
2022: €59k
2023: €97k
2024: €15k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€65k▲ 30.5%€100k▲ 54.4%€18k▼ 82.2%€-12k
Operating result€10k-€15k▲ 57.4%€40k▲ 162%€-82k€-29k▲ 64.9%
Net result€9k-€15k▲ 61.5%€35k▲ 133%€-83k€-30k▲ 64.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €29k in 2025 against €82k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15k
Fixed assets
€1k▼ 46.1%
Current assets
€14k▼ 56.3%
Key figures and ratios
EBITDA
€-28k▲
2024 · €-81k
Cash flow
€-29k▲
2024 · €-81k
Solvency
-76.5%▼
2024 · 51.3%
Current ratio
0.52▼
2024 · 1.91
Quick ratio
0.52▼
2024 · 1.91
Debt / equity
-2.31▼
2024 · 0.95
ROE
251.2%▲
2024 · -462.9%
ROA
-192.1%▲
2024 · -237.6%
Interest coverage
-48.40▲
2024 · -742.49
Debt
€27k▲
2024 · €17k
Debt ≤ 1 year
€27k▲
2024 · €17k
Income taxes
€210▲
2024 · €159
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€35k€15k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€1k€824▼
Other tangible fixed assets26€995€497▼
Current assets29/58€32k€14k▼
Amounts receivable within one year40/41€6k-
Other amounts receivable41€6k-
Cash at bank and in hand54/58€16k€4k▼
Deferred charges and accrued income490/1€10k€10k▲
Equity and liabilities
Total equity and liabilities10/49€35k€15k▼
Equity10/15€18k€-12k▼
Contributions10/11€6k€6k=
Reserves13€91k€91k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€89k€89k=
Profit (loss) carried forward14€-79k€-109k▼
Amounts payable17/49€17k€27k▲
Amounts payable within one year42/48€17k€27k▲
Trade debts44€7k€2k▼
Suppliers440/4€7k€2k▼
Taxes, remuneration and social security45€159€418▲
Taxes450/3€159€418▲
Other amounts payable47/48€10k€25k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-80k€-26k▲
Operating profit (loss)9901€-82k€-29k▲
Financial charges65/66B€109€573▲
Recurring financial charges65€109€573▲
Profit (loss) for the period before taxes9903€-82k€-29k▲
Income taxes67/77€159€210▲
Profit (loss) for the period9904€-83k€-30k▲
Profit (loss) for the period to be appropriated9905€-83k€-30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-79k€-109k▼
Profit (loss) brought forward from the previous period14P€3k€-79k▼
The notes to these accounts (4 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
11-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-83k ▼333%
Net result drops to €-83k, the lowest in the series; recovery starts the following year.
22-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
30-06
Financial
Highest result since 2019net €35k ▲133%
Operating result €40k, net result €35k, both a record.
30-06
Financial
Equity above €100kEq €100k ▲54.4%
4 profitable years in a row build equity to €100k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
30-06
Financial
Liquidity times 7current ratio 26.59
Current ratio from 3.71 to 26.59; short-term debt falls from €16k to €2k.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
25-01
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
no sitting director, no change since 2019
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
23-04-2019
Resigned as Manager
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2004
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.
Koning Leopold I-straat 183000 LeuvenGround area
1,082 m²
Building footprint
404 m²
Volume, LiDAR
4,012 m³
2 parcels, Flanders · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SALVO
since 20042.144.039.597
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0267/00Z014 | Flanders | 659 m² | 1 · 293 m² | 15.8 m · 4 fl. |
| 24038C0192/00F002 | Flanders | 423 m² | 1 · 111 m² | 9.4 m · 2 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.
Similar companies · same sector, comparable size
Wok Dilbeek
BE 0792.742.297
Brussel · Eq €18k
ORORA
BE 1013.027.913
Huy · Eq €18k
NEPSYS
BE 0746.887.429
Charleroi · Eq €18k
SOLEL
BE 1018.099.924
Ukkel · Eq €18k
JAYH CONSULT
BE 0780.715.584
Braine-l'Alleud · Eq €18k
Of 82,201 companies in sector 70200 we hold annual accounts for 52,400. 29,263 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-11-2002
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.