SALEX CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of SALEX CONSTRUCT is 1.9% (moderate). The 2025 annual accounts show equity of €57k and a net result of €11k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 84% of 7331 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+14
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 4.22 against 6.72 in 2024; short-term debt: 23.5% and cash: 41.3% of total assets), and 23.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 15-09-2025, 15 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 · 6 filingsDeviation from the deadline
2026
not confirmed
2025
15 d late
2024
19 d late
2023
39 d late
2022
30 d late
2021
43 d late
2020
11 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Turnover
€172k▼ 54.4%
2021 · €377k
2020: €504k
2021: €377k
2020 → 2022
EBIT margin
2.8%▲ 0.1pp
2021 · 2.7%
2020: 5.2%
2021: 2.7%
2020 → 2022
Net result
€11k▲ 580%
2024 · €2k
2020: €20k
2021: €8k
2022: €3k
2023: €8k
2024: €2k
2020 → 2025
Working capital
€56k▲ 22.2%
2024 · €46k
2020: €11k
2021: €24k
2022: €32k
2023: €43k
2024: €46k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€377k-€172k▼ 54.4%
Equity€35k-€38k▲ 8.4%€45k▲ 20.1%€47k▲ 3.4%€57k▲ 22.6%
Operating result€10k-€5k▼ 52.9%€10k▲ 110%€14k▲ 33.2%€15k▲ 8.0%
Net result€8k-€3k▼ 64.7%€8k▲ 161%€2k▼ 79.5%€11k▲ 580%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75k
Fixed assets
€732▲ 65.1%
Current assets
€74k▲ 36.3%
Equity and liabilities €75k
Equity
€57k▲ 22.6%
Debt
€18k▲ 117%
The debt ratio rises from 14.8% to 23.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15k▲
2024 · €15k
Cash flow
€11k▲
2024 · €3k
Solvency
76.5%▼
2024 · 85.2%
Current ratio
4.22▼
2024 · 6.72
Quick ratio
4.22▼
2024 · 6.72
Debt / equity
0.31▲
2024 · 0.17
ROE
18.4%▲
2024 · 3.3%
ROA
14.1%▲
2024 · 2.8%
Interest coverage
18.19▲
2024 · 13.25
Debt
€18k▲
2024 · €8k
Debt ≤ 1 year
€18k▲
2024 · €8k
Income taxes
€3k▼
2024 · €11k
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€55k€75k▲
Fixed assets21/28€444€732▲
Tangible fixed assets22/27€444€732▲
Furniture and vehicles24€444€732▲
Current assets29/58€54k€74k▲
Amounts receivable within one year40/41€52k€43k▼
Trade receivables40€9k€2k▼
Other amounts receivable41€43k€41k▼
Cash at bank and in hand54/58€2k€31k▲
Equity and liabilities
Total equity and liabilities10/49€55k€75k▲
Equity10/15€47k€57k▲
Contributions10/11€6k€6k=
Capital10-€6k
Issued capital100-€6k
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€39k€49k▲
Amounts payable17/49€8k€18k▲
Amounts payable within one year42/48€8k€18k▲
Trade debts44€1k€13k▲
Suppliers440/4€1k€13k▲
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€5k€3k▼
Remuneration and social security454/9€2k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€810▼
Other operating charges640/8€443€477▲
Gross operating margin9900€15k€16k▲
Operating profit (loss)9901€14k€15k▲
Financial charges65/66B€1k€851▼
Recurring financial charges65€1k€851▼
Profit (loss) for the period before taxes9903€12k€14k▲
Income taxes67/77€11k€3k▼
Profit (loss) for the period9904€2k€11k▲
Profit (loss) for the period to be appropriated9905€2k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€49k▲
Profit (loss) brought forward from the previous period14P€37k€39k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 15 days late
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
31-01
Financial
Weakest financial yearnet €2k ▼79.5%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 39 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
31-01
Financial
Liquidity times 7current ratio 19.99
Current ratio from 3.01 to 19.99; short-term debt falls from €12k to €2k.
2021
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 43 days late
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Bever · 1 establishment unit since 2018
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.
Commijn 401547 BeverGround area
2,217 m²
Building footprint
283 m²
Volume, LiDAR
1,545 m³
2 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
C&D CONSTRUCT
since 20182.281.088.226
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23009C0033/00M000 | Flanders | 1,613 m² | 1 · 171 m² | 7.6 m · 2 fl. |
| 41054A0836/00M000 | Flanders | 604 m² | 1 · 113 m² | 9.6 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.
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BE 0803.230.076
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VKS GROUP
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BOUWWERKEN CREEMERS
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 13,156 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2018
Fiscal year end31-01
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.