Summary
SARELCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €13.64M and a net result of €275k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 95% of 1422 sector peers (fiscal year 2024). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
33 d early
2022
17 d early
2021
12 d early
2020
9 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€13.64M▲ 2.1%
2023 · €13.36M
2018: €12.31M
2019: €12.42M
2020: €12.62M
2021: €12.70M
2022: €12.80M
2023: €13.36M
2018 → 2024
Net result
€275k▼ 51.0%
2023 · €561k
2018: €274k
2019: €110k
2020: €197k
2021: €76k
2022: €102k
2023: €561k
2018 → 2024
Total assets
€13.90M▲ 2.0%
2023 · €13.63M
2018: €12.45M
2019: €12.47M
2020: €12.75M
2021: €12.85M
2022: €12.93M
2023: €13.63M
2018 → 2024
Solvency
98.1%▲ 0.1pp
2023 · 98.0%
2018: 98.9%
2019: 99.6%
2020: 99.0%
2021: 98.8%
2022: 99.0%
2023: 98.0%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€12.62M-€12.70M▲ 0.6%€12.80M▲ 0.8%€13.36M▲ 4.4%€13.64M▲ 2.1%
Operating result€241k-€119k▼ 50.4%€120k▲ 0.6%€722k▲ 501%€334k▼ 53.8%
Net result€197k-€76k▼ 61.1%€102k▲ 33.8%€561k▲ 449%€275k▼ 51.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 54% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13.90M
Fixed assets
€7.34M ▼ 3.1%
Current assets
€6.56M ▲ 8.3%
Equity and liabilities €13.90M
Equity
€13.64M ▲ 2.1%
Provisions
€124k =
Debt
€142k ▼ 3.7%
Debt's share of the balance-sheet total falls from 1.1% to 1.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
2.0%▼
2023 · 4.2%
ROA
2.0%▼
2023 · 4.1%
Debt ≤ 1 year
€113k▼
2023 · €120k
Income taxes
€98k▲
2023 · €71k
Staff costs
€19k▲
2023 · €15k
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 · 2024 against 2023 · 58 lines
Balance sheet
Code20232024
Assets
Total assets20/58€13.63M€13.90M▲
Fixed assets21/28€7.58M€7.34M▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€3.58M€3.34M▼
Land and buildings22€2.66M€2.39M▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€11k€47k▲
Other tangible fixed assets26€908k€908k=
Financial fixed assets28€4.00M€4.00M=
Current assets29/58€6.05M€6.56M▲
Amounts receivable within one year40/41€3.57M€3.62M▲
Trade receivables40€67k€109k▲
Other amounts receivable41€3.50M€3.51M▲
Current investments50/53€2.28M€2.16M▼
Cash at bank and in hand54/58€207k€748k▲
Deferred charges and accrued income490/1-€29k
Equity and liabilities
Total equity and liabilities10/49€13.63M€13.90M▲
Equity10/15€13.36M€13.64M▲
Contributions10/11€1.65M€1.65M=
Capital10€1.65M€1.65M=
Issued capital100€1.65M€1.65M=
Reserves13€8.84M€8.84M=
Non-distributable reserves130/1€392k€392k=
Legal reserve130€392k€392k=
Tax-exempt reserves132€372k€372k=
Distributable reserves133€8.08M€8.08M=
Profit (loss) carried forward14€2.87M€3.14M▲
Provisions and deferred taxes16€124k€124k=
Deferred taxes168€124k€124k=
Amounts payable17/49€148k€142k▼
Amounts payable within one year42/48€120k€113k▼
Trade debts44€5k€28k▲
Suppliers440/4€5k€28k▲
Advances received on contracts in progress46€54k€57k▲
Taxes, remuneration and social security45€53k€21k▼
Taxes450/3€51k€18k▼
Remuneration and social security454/9€3k€2k▼
Other amounts payable47/48€8k€8k=
Accrued charges and deferred income492/3€28k€29k▲
Income statement
Code20232024
Remuneration, social security and pensions62€15k€19k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€279k€279k▲
Other operating charges640/8€73k€66k▼
Gross operating margin9900€1.09M€698k▼
Operating profit (loss)9901€722k€334k▼
Financial income75/76B€34k€45k▲
Recurring financial income75€34k€39k▲
Non-recurring financial income76B-€6k
Financial charges65/66B€172€5k▲
Recurring financial charges65€172€5k▲
Profit (loss) for the period before taxes9903€756k€374k▼
Transfer to deferred taxes680€124k-
Income taxes67/77€71k€98k▲
Profit (loss) for the period9904€561k€275k▼
Transfer to tax-exempt reserves689€372k-
Profit (loss) for the period to be appropriated9905€189k€275k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.87M€3.14M▲
Profit (loss) brought forward from the previous period14P€2.68M€2.87M▲
Social balance
Average headcount (FTE)90870.10.1=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €561k ▲449%
Operating result €722k, net result €561k, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €76k ▼61.1%
Net result drops to €76k, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 87.31
Current ratio from 35.42 to 87.31; short-term debt falls from €72k to €33k.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Tongeren-Borgloon · 1 establishment unit since 1995
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.
Dreef 993700 Tongeren-BorgloonGround area
2,124 m²
Building footprint
467 m²
Volume, LiDAR
3,399 m³
Parcel 73059A0467/00D000, Flanders · tallest building 13.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SARELCO NV
since 19952.069.983.067
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73059A0467/00D000 | Flanders | 2,124 m² | 1 · 467 m² | 13.5 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Legal Entity Identifier
967600I8KWL6Z05QB025
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Of 1,507 companies in sector 66199 we hold annual accounts for 917. 164 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 formPublic limited company
Founded01-07-1994
Fiscal year end31-12
Activities, NACEBEL 2025
64910Financial service activities, except insurance and pension funding
66199Other activities auxiliary to financial services, excluding insurance and pension funding
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.