SalixCo
SalixCo and the 10 companies it controls according to the LEI register and the annual accounts: the structure, the figures, each company's health and where the risk sits.
Sum of the filed annual accounts of 11 of the 11 Belgian companies (fiscal years 2024-2025). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.
SalixCo also files consolidated accounts (fiscal year 2025): the real group figures, with intra-group positions eliminated. Checked does not read their figures yet; the document is at the National Bank's Central Balance Sheet Office.
Group risk
How healthy the group's Belgian companies are, and where the risk sits. A weak subsidiary can cost the parent money, and the other way round.
- The parent itself: SalixCo, no verdict.
- 1 company with negative equity: WELL PUMPS (-€253,380).
- 2 companies with a loss in the latest year: Water Is Life Group (-€18.7m), MOORIS PUMPS & IRRIGATION (-€20,587).
- 5 companies no longer active in the register: AQUAMASTER EUROPE, EEB VALVES, Geo Systems International, Leo Europe, WATERTECHNIEK TEUNISSEN.
- 32.0% of the added-up total assets sits in one company: SalixCo.
- 40.9% of the added-up total assets sits at companies with an elevated or high risk.
Group structure
Who consolidates whom according to the LEI register, completed with who holds more than half of the shares according to the annual accounts. Both mean control.
- SalixCo1 subsidiaryNo verdict€27.6m €20.5m 2025
- Water Is Life Group6 subsidiariesElevated · 59€22.7m €18.1m 2025
- Elevated€3.7m €1.0m 2025
- Elevated€2.2m €565,872 2025
- Elevated€2.5m €1.3m 2025
- MOORIS PUMPS & IRRIGATION2 subsidiariesFair · 47€18.4m €3.7m 2024
- Elevated€242,332 €1,655 2025
- Healthy · 72€1.1m €338,120 2025
- WATERTECHNIEK TEUNISSEN1 subsidiaryElevated€3.9m €1.5m 2025
- Healthy · 76€148,172 €21,347 2025
- Fair · 57€3.8m -€253,380 2025
High risk Elevated Healthy Fair No verdict Amounts: total assets and equity from the latest accounts.
Events in the group
Bankruptcies, director changes, capital changes and other publications of all Belgian group companies, over the last two years.
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Erwin Cuppens resigns as director
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Company renamed to WILG Europe
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Dissolution of the company
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Dissolution of the company
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Dissolution of the company
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Dissolution of the company
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Dissolution of the company
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Moore Audit BV appointed as statutory auditor
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Moore Audit BV appointed as statutory auditor
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Moore Audit BV reappointed as statutory auditor
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Where do these figures come from?
Completed with the annual accounts: a company of which another Belgian company holds more than half of the shares, by the list of holdings or the shareholder structure in its accounts, stands under that company, with the share. The register of ultimate beneficial owners (UBO) is not public.
The group's make-up comes from the LEI register (GLEIF): which company consolidates which other, directly or ultimately. A company whose link the register does not state is not listed here, even if it does belong to the group.
The amounts are those of the annual accounts each Belgian company filed with the National Bank, added up without consolidation. The verdict per company is that of its dossier on Checked.be. Everything is updated every night.
Updated on 27-09-2026