THE SALMON ATELIER
ActiveSummary
The computed 12-month bankruptcy probability of THE SALMON ATELIER is 1.7% (moderate). The 2025 annual accounts show equity of €618k and a net result of €416k. Equity is growing by ~122.7% per year across the filed fiscal years. Its solvency ranks better than 12% of 643 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▲+10
Solvency31▲+4
Growth85=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Liquidity short (current ratio 0.78 against 0.72 in 2024; short-term debt: 76.2% and cash: 9.8% of total assets), and 94.3% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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
5.7%
Return on assets
3.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 643 sector peers (2025).
NBB · sector comparisonPosition among 643 sector peers
Solvency
better than 12%
← 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 17-04-2026, 105 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
105 d early
2024
1 d late
2023
9 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, full schema
Turnover
€36.38M▲ 21.1%
2024 · €30.05M
2023: €18.03M
2024: €30.05M
2023 → 2025
EBIT margin
2.2%▲ 0.8pp
2024 · 1.3%
2023: 0.1%
2024: 1.3%
2023 → 2025
Net result
€416k▲ 432%
2024 · €78k
2023: €-277k
2024: €78k
2023 → 2025
Working capital
€-1.84M▲ 1.2%
2024 · €-1.86M
2023: €-1.45M
2024: €-1.86M
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€18.03M-€30.05M▲ 66.7%€36.38M▲ 21.1%
Equity€123k-€201k▲ 63.5%€618k▲ 207%
Operating result€20k-€405k▲ 1,934%€799k▲ 97.3%
Net result€-277k-€78k€416k▲ 432%
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 97% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.71M
Fixed assets
€4.33M ▼ 2.5%
Current assets
€6.38M ▲ 35.7%
Equity and liabilities €10.79M
Equity
€618k ▲ 207%
Debt
€10.17M ▲ 12.3%
Debt's share of the balance-sheet total falls from 97.8% to 94.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.29M▲
2024 · €871k
Cash flow
€910k▲
2024 · €545k
Current ratio
0.78▲
2024 · 0.72
Quick ratio
0.72▲
2024 · 0.67
Debt to equity
16.46▼
2024 · 44.94
ROE
67.4%▲
2024 · 38.8%
ROA
3.9%▲
2024 · 0.8%
Interest coverage
3.99▲
2024 · 2.68
Debt ≤ 1 year
€8.22M▲
2024 · €6.56M
Debt > 1 year
€1.95M▼
2024 · €2.49M
Income taxes
€83k▲
2024 · €257
Staff costs
€1.05M▲
2024 · €890k
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 · 70 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9.26M€10.79M▲
Formation expenses20€109k€75k▼
Fixed assets21/28€4.44M€4.33M▼
Intangible fixed assets21€176k€155k▼
Tangible fixed assets22/27€4.27M€4.18M▼
Land and buildings22€1.55M€1.47M▼
Plant, machinery and equipment23€605k€790k▲
Furniture and vehicles24€34k€41k▲
Leasing and similar rights25€2.08M€1.87M▼
Current assets29/58€4.70M€6.38M▲
Stocks and contracts in progress3€286k€461k▲
Stocks30/36€286k€461k▲
Raw materials and consumables30/31€284k€461k▲
Finished goods33€2k€0▼
Amounts receivable within one year40/41€3.43M€4.65M▲
Trade receivables40€2.14M€4.18M▲
Other amounts receivable41€1.29M€474k▼
Cash at bank and in hand54/58€948k€1.05M▲
Deferred charges and accrued income490/1€37k€214k▲
Equity and liabilities
Total equity and liabilities10/49€9.26M€10.79M▲
Equity10/15€201k€618k▲
Contributions10/11€400k€400k=
Profit (loss) carried forward14€-199k€218k▲
Amounts payable17/49€9.05M€10.17M▲
Amounts payable after more than one year17€2.49M€1.95M▼
Financial debts170/4€2.49M€1.95M▼
Subordinated loans170€1.20M€900k▼
Leasing and similar obligations172€1.29M€1.05M▼
Amounts payable within one year42/48€6.56M€8.22M▲
Current portion of amounts payable after more than one year42€553k€577k▲
Financial debts43€2.00M€1.43M▼
Credit institutions430/8€2.00M€1.43M▼
Trade debts44€3.92M€6.06M▲
Suppliers440/4€3.92M€6.06M▲
Taxes, remuneration and social security45€92k€144k▲
Taxes450/3€7k€7k▼
Remuneration and social security454/9€84k€137k▲
Other amounts payable47/48€30€0▼
Accrued charges and deferred income492/3€0€536▲
Income statement
Code20242025
Operating income70/76A€30.07M€36.41M▲
Turnover70€30.05M€36.38M▲
Change in stocks of work in progress, finished goods and contracts in progress71€6k€-2k▼
Other operating income74€9k€26k▲
Non-recurring operating income76A-€5k
Operating charges60/66A€29.66M€35.61M▲
Goods for resale, raw materials and consumables60€25.91M€30.79M▲
Purchases600/8€25.91M€30.97M▲
Change in stocks: decrease (increase)609€9k€-180k▼
Services and other goods61€2.34M€2.85M▲
Remuneration, social security and pensions62€890k€1.05M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€467k€493k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€44k€278k▲
Other operating charges640/8€10k€150k▲
Operating profit (loss)9901€405k€799k▲
Financial income75/76B€2€25k▲
Recurring financial income75€2€25k▲
Income from financial fixed assets750€0€21k▲
Other financial income752/9€2€4k▲
Financial charges65/66B€326k€325k▼
Recurring financial charges65€326k€325k▼
Debt charges650€325k€324k▼
Other financial charges652/9€2k€913▼
Profit (loss) for the period before taxes9903€79k€499k▲
Income taxes67/77€257€83k▲
Taxes670/3€257€83k▲
Profit (loss) for the period9904€78k€416k▲
Profit (loss) for the period to be appropriated9905€78k€416k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-199k€218k▲
Profit (loss) brought forward from the previous period14P€-277k€-199k▲
Social balance
Average headcount (FTE)908717.520.1▲
The notes to these accounts (81 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
17-09
State Gazette act
BenamingIncorporation · Name change · Declaration15 facts ▸
State Gazette act
Benaming
Incorporation · Name change · Declaration15 facts ▸
- General meeting, 10-09-2026
- Incorporation, 09-12-2022
- Name change, THE SALMON ATELIER
- Declaration, name search result, no name similarity or kinship found
- Other statement, coördinatie van de statuten op te maken en te ondertekenen en de neerlegging in het vennootschapsdossier te verzorgen, mandate to coordinate statutes
- Power of attorney, Moore Finance & Tax BV
- Power of attorney, Tanja De Naeyer
- Power of attorney, Dominique Jaminet
- Power of attorney, Valira Baleci
- Power of attorney, Marie Decloedt
- Power of attorney, Tessa Loverix
- Power of attorney, Els Huyghebaert
- +3 further facts in this act
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
20-03
State Gazette act
Appointment: Foederer Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Mathieu Meers · Power of attorney4 facts ▸
State Gazette act
Appointment: Foederer Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Mathieu Meers · Power of attorney4 facts ▸
- General meeting, 12/02/2026
- Auditor appointment, Foederer Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Mathieu Meers (permanent representative)
- Power of attorney, Moore Finance & Tax BV
2025
31-12
Financial
Highest result since 2023net €416k ▲432%
Operating result €799k, net result €416k, both a record.
31-12
Financial
Equity above €500kEq €618k ▲207%
2 profitable years in a row build equity to €618k.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 1 day late
2024
31-12
Financial
Back to profitnet €78k
Net result €78k after one loss-making year.
31-12
Financial
Equity above €200kEq €201k ▲63.5%
Equity rises from €123k to €201k.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 9 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Riemst · 1 establishment unit since 2022
Ground area
3,286 m²
Building footprint
278 m²
Volume, LiDAR
1,902 m³
Parcel 73092A0401/00C000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
The Salmon Atelier
since 20222.339.172.816
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73092A0401/00C000 | Flanders | 3,286 m² | 1 · 278 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| Foederer BedrijfsrevisorenCurrent Statutory auditor · represented by Mathieu Meers | 20-03-2026 → present |
Articles of association
Other provisions of the articles (2)
- Other statement
- Name clause: THE SALMON ATELIER
Public money · subsidies and aid
Flemish government
2024 to 2025 · 3 entries · 30,858 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 0 EUR |
| 2024 | 1 | 30,858 EUR | 0 EUR |
Schemes
Ecologiepremie+
Recognitions · licences · registrations
Food safety, FASFC
1 siteRiemst2.339.172.816
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Of 98 companies in sector 10200 we hold annual accounts for 56. 38 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
Founded13-12-2022
Fiscal year end31-12
Abbreviation NL
CPS
Activities, NACEBEL 2025
10200Manufacture of food products
46323Wholesale trade
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 2 actsNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.