SALZA
ActiveSummary
SALZA has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €-8k. Equity is shrinking by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 66% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-64
Solvency86=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.93 against 2.15 in 2024; short-term debt: 23.2% and cash: 23.8% of total assets), and 38.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
61.2%
Return on assets
-29.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 3 filingsDeviation from the deadline
2025
28 d late
2024
31 d late
2023
28 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€17k▼ 32.7%
2024 · €25k
2023: €22k
2024: €25k▲ +13.3% vs 2023highest in 3 years
2025: €17k▼ -32.7% vs 2024lowest in 3 years
2023 → 2025
Total assets
€27k▼ 33.0%
2024 · €40k
2023: €46khighest in 3 years
2024: €40k▼ -11.9% vs 2023
2025: €27k▼ -33.0% vs 2024lowest in 3 years
2023 → 2025
Net result
€-8k
2024 · €3k
2023: €8khighest in 3 years
2024: €3k▼ -62.4% vs 2023
2025: €-8k▼ -378% vs 2024lowest in 3 years
2023 → 2025
Working capital
€6k▼ 34.3%
2024 · €9k
2023: €-2klowest in 3 years
2024: €9k▲ +588% vs 2023highest in 3 years
2025: €6k▼ -34.3% vs 2024
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€22k-€25k▲ 13.3%€17k▼ 32.7%
2023: €22k
2024: €25k▲ +13.3% vs 2023highest in 3 years
2025: €17k▼ -32.7% vs 2024lowest in 3 years
Operating result€10k-€6k▼ 41.9%€-7k
2023: €10khighest in 3 years
2024: €6k▼ -41.9% vs 2023
2025: €-7k▼ -225% vs 2024lowest in 3 years
Net result€8k-€3k▼ 62.4%€-8k
2023: €8khighest in 3 years
2024: €3k▼ -62.4% vs 2023
2025: €-8k▼ -378% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €6k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27k
Fixed assets
€15k ▼ 37.2%
Current assets
€12k ▼ 27.0%
Equity and liabilities €27k
Equity
€17k ▼ 32.7%
Debt
€11k ▼ 33.6%
Debt's share of the balance-sheet total falls from 39.1% to 38.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2k▼
2024 · €14k
Cash flow
€818▼
2024 · €11k
Current ratio
1.93▼
2024 · 2.15
Debt to equity
0.63▼
2024 · 0.64
ROE
-48.5%▼
2024 · 11.7%
ROA
-29.7%▼
2024 · 7.1%
Interest coverage
1.63▼
2024 · 10.00
Debt ≤ 1 year
€6k▼
2024 · €8k
Debt > 1 year
€4k▼
2024 · €8k
Income taxes
€-98▼
2024 · €1k
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€40k€27k▼
Fixed assets21/28€24k€15k▼
Tangible fixed assets22/27€23k€15k▼
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24€2k€762▼
Leasing and similar rights25€14k€8k▼
Financial fixed assets28€319€319=
Current assets29/58€17k€12k▼
Amounts receivable within one year40/41€6k€5k▼
Trade receivables40€3k€262▼
Other amounts receivable41€3k€5k▲
Current investments50/53€5k€33▼
Cash at bank and in hand54/58€6k€6k▲
Deferred charges and accrued income490/1-€194
Equity and liabilities
Total equity and liabilities10/49€40k€27k▼
Equity10/15€25k€17k▼
Contributions10/11€100€100=
Outside capital11€100-
Other1109/19€100-
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€22k€14k▼
Amounts payable17/49€16k€11k▼
Amounts payable after more than one year17€8k€4k▼
Financial debts170/4€8k€4k▼
Amounts payable within one year42/48€8k€6k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45-€874
Taxes450/3-€874
Other amounts payable47/48€184-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Other operating charges640/8€678€1k▲
Gross operating margin9900€15k€3k▼
Operating profit (loss)9901€6k€-7k▼
Financial income75/76B€11€46▲
Recurring financial income75€11€46▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€4k€-8k▼
Income taxes67/77€1k€-98▼
Profit (loss) for the period9904€3k€-8k▼
Profit (loss) for the period to be appropriated9905€3k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€14k▼
Profit (loss) brought forward from the previous period14P€22k€22k▲
Transfer to equity691/2€3k-
To the legal reserve6920€3k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €8k | €9k | ▲ 5.3% |
| Other operating charges640/8 | €247 | €678 | €1k | ▲ 56.2% |
| Gross operating margin9900 | €17k | €15k | €3k | ▼ 81.0% |
| Operating profit (loss)9901 | €10k | €6k | €-7k | ▼ 225% |
| Financial income75/76B | €15 | €11 | €46 | ▲ 320% |
| Recurring financial income75 | €15 | €11 | €46 | ▲ 320% |
| Financial charges65/66B | €2k | €1k | €1k | ▼ 23.9% |
| Recurring financial charges65 | €2k | €1k | €1k | ▼ 23.9% |
| Profit (loss) for the period before taxes9903 | €8k | €4k | €-8k | ▼ 290% |
| Income taxes67/77 | €504 | €1k | €-98 | ▼ 107% |
| Profit (loss) for the period9904 | €8k | €3k | €-8k | ▼ 378% |
| Profit (loss) for the period to be appropriated9905 | €8k | €3k | €-8k | ▼ 378% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €46k | €40k | €27k | ▼ 33.0% |
| Fixed assets21/28 | €24k | €24k | €15k | ▼ 37.2% |
| Tangible fixed assets22/27 | €23k | €23k | €15k | ▼ 37.7% |
| Plant, machinery and equipment23 | - | €7k | €6k | ▼ 22.4% |
| Furniture and vehicles24 | €4k | €2k | €762 | ▼ 68.6% |
| Leasing and similar rights25 | €19k | €14k | €8k | ▼ 40.4% |
| Financial fixed assets28 | €319 | €319 | €319 | = |
| Current assets29/58 | €22k | €17k | €12k | ▼ 27.0% |
| Amounts receivable within one year40/41 | €22k | €6k | €5k | ▼ 6.5% |
| Trade receivables40 | €18k | €3k | €262 | ▼ 91.7% |
| Other amounts receivable41 | €4k | €3k | €5k | ▲ 95.1% |
| Current investments50/53 | €10 | €5k | €33 | ▼ 99.3% |
| Cash at bank and in hand54/58 | - | €6k | €6k | ▲ 11.7% |
| Deferred charges and accrued income490/1 | - | - | €194 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €46k | €40k | €27k | ▼ 33.0% |
| Equity10/15 | €22k | €25k | €17k | ▼ 32.7% |
| Contributions10/11 | €100 | €100 | €100 | = |
| Outside capital11 | €100 | €100 | - | - |
| Other1109/19 | €100 | €100 | - | - |
| Reserves13 | - | €3k | €3k | = |
| Distributable reserves133 | - | €3k | €3k | = |
| Profit (loss) carried forward14 | €22k | €22k | €14k | ▼ 36.5% |
| Amounts payable17/49 | €24k | €16k | €11k | ▼ 33.6% |
| Amounts payable after more than one year17 | - | €8k | €4k | ▼ 47.8% |
| Financial debts170/4 | - | €8k | €4k | ▼ 47.8% |
| Amounts payable within one year42/48 | €24k | €8k | €6k | ▼ 18.7% |
| Current portion of amounts payable after more than one year42 | €15k | €4k | €4k | ▲ 9.3% |
| Financial debts43 | €7k | - | - | - |
| Credit institutions430/8 | €7k | - | - | - |
| Trade debts44 | €2k | €4k | €2k | ▼ 61.3% |
| Suppliers440/4 | €2k | €4k | €2k | ▼ 61.3% |
| Taxes, remuneration and social security45 | €500 | - | €874 | - |
| Taxes450/3 | €500 | - | €874 | - |
| Other amounts payable47/48 | - | €184 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €3k | €-8k | ▼ 378% |
| + Depreciation and write-downs630 | €7k | €8k | €9k | ▲ 5.3% |
| Operating cash flow (approximation) | €14k | €11k | €818 | ▼ 92.8% |
| Investment in fixed assets (approximation) | - | €-9k | €0 | ▲ 100.0% |
| Change in cash | - | - | €673 | - |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 2.15
Current ratio from 0.92 to 2.15; short-term debt falls from €24k to €8k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 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, Ellezelles · 1 establishment unit since 2010
Ground area
638 m²
Building footprint
305 m²
Volume, LiDAR
1,909 m³
2 parcels, Flanders, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Dorpsstraat 135, 1640 Sint-Genesius-Rode
since 20102.236.512.667
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22004C0712/00W000 | Flanders | 414 m² | 1 · 92 m² | 10.9 m · 3 fl. |
| 51063A0472/00M000 | Wallonia | 223 m² | 1 · 213 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 5,748 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
Founded08-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.