Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SALGO from Oosterzele, company number BE0777947027, closed financial year 2025 with a result of € -3,550 after tax. For that financial year SALGO recorded a gross margin of € -1,489 and equity of € 1,338. Compared with financial year 2024, the result moved from € -1,795 to € -3,550. The company made a loss. The buffer shrank hard: equity is 73 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 19, 2026.
€ 1,338
▼ 73% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,550
▼ 98 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2,665
▼ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -11,162.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,972 | € -949 | € -1,046 | € -1,489 | ▼ € 443 |
| Profit after taxes | € -4,131 | € -1,686 | € -1,795 | € -3,550 | ▼ € 1,754 |
| Equity | € 8,369 | € 6,683 | € 4,888 | € 1,338 | ▼ 73% |
| Total debts | € 1,606 | € 1,654 | € 9,569 | € 9,052 | ▼ 5% |
| Cash | € 9,294 | € 7,206 | € 5,580 | € 2,665 | ▼ 52% |
| Retained profit | € -4,131 | € -5,817 | € -7,612 | € -11,162 | ▼ € 3,550 |
| Balance sheet total | € 9,975 | € 8,337 | € 14,457 | € 10,390 | ▼ 28% |
Key figures of SALGO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SALGO?
What happened at SALGO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,550. filed late Source: NBB ↗
- New establishment in Oosterzele. KBO
- Start of the company according to the CBE. KBO
- Jan Dirk Verrecas became a director. NBB
In short
From € 4,131 loss in 2022 to € 3,550 loss in 2025.
Management
Behind SALGO is Jan Dirk Verrecas. Jan Dirk Verrecas is also behind SERP1.
Directors
According to the 2025 annual accounts
since 2021
Establishments
Establishment units
Physical locations of this company
Rooberg 27A
9860 Oosterzele
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0777.947.027
- VAT number
- BE 0777.947.027
- Registered office
- Rooberg 27A, 9860 Oosterzele
- Names & denominations
- SALGO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 December 2021
- Peppol
- Active · Active since 16 Dec 2025