Financials
Financial year 2025
SalixCo from Pelt, company number BE0794593316, closed financial year 2025 with a result of € 57,790 after tax. For that financial year SalixCo recorded revenue of € 3.9 million and equity of € 20.5 million. Compared with financial year 2024, the result moved from € -16,917 to € 57,790. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 20.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 57,790
▲ still € 16,917 loss in 2024
Profit after tax over the fiscal year.
€ 274,304
▼ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -450,241.
People and assets in 2025
3
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 290,934
▲ 37% vs 2024
€ 97,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 40,610
▼ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6.4 million
▲ 1% vs 2024
Loans from banks and other lenders, long and short.
€ 402,100
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 47 days on average.
€ 109,656
▲ 9% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 2,189,371 | € 2,903,448 | € 3,865,783 | ▲ 33% |
| Profit after taxes | € -491,114 | € -16,917 | € 57,790 | ▲ € 74,707 |
| Equity | € 20,008,886 | € 20,491,969 | € 20,549,759 | |
| Total debts | € 6,495,389 | € 6,844,639 | € 7,000,646 | ▲ 2% |
| Cash | € 134,788 | € 301,695 | € 274,304 | ▼ 9% |
| Retained profit | € -491,114 | € -508,031 | € -450,241 | ▲ € 57,790 |
| Bank debt | € 5,678,810 | € 6,338,039 | € 6,406,821 | ▲ 1% |
| Balance sheet total | € 26,504,274 | € 27,336,608 | € 27,550,405 | ▲ 1% |
| Employees (FTE) | 1.5 | 2.4 | 3 | ▲ 0.6 |
Key figures of SalixCo, fiscal years 2023 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 SalixCo?
What happened at SalixCo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 57,790. Source: NBB ↗
- Raf Corten became a director. NBB
- Reinier Teunissen became a director. NBB
- New establishment in Pelt. KBO
- Start of the company according to the CBE. KBO
- Down2Earth Capital II became a director. NBB
- Vectis Private Equity IV became a director. NBB
In short
From € 491,114 loss in 2023 to € 57,790 profit in 2025.
Paid € 350 in corporate taxes since 2023.
Best year ever: 2025, with € 57,790 profit.
Pays suppliers within 47 days on average.
A new publication or filing at SalixCo? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Down2Earth Capital II, Vectis Private Equity IV comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SalixCoBehind SalixCo are Down2Earth Capital II, Vectis Private Equity IV, Raf Corten and Reinier Teunissen. The shares are held by Down2Earth Capital II (25%) and Vectis Private Equity IV (25%). It owns 100% of Water Is Life Group itself.
Directors
According to the 2025 annual accounts
Director · represented by Ivo Marechal
Also active at: Loda, HG Beheer, CYCLOBILITY, European Sheet Metal and Assembly, B-15, THE WALLFASHION HOUSE, Sisu Group, Grandeco Wallfashion Group - Belgium +2 more
since 2022
Director · represented by Stefaan Vanquaethem
since 2022
since 2023
Reinier Teunissen
Managing director
Also active at: AQUAMASTER EUROPE, MOORIS PUMPS & IRRIGATION, Water Is Life Group, Geo Systems International, Immo Hoge Mauw Arendonk, EEB VALVES
since 2023
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Leo Baekelandlaan 5209
3900 Pelt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0794.593.316
- VAT number
- BE 0794.593.316
- Registered office
- Leo Baekelandlaan 5209, 3900 Pelt
- Names & denominations
- SalixCo
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 December 2022
- Peppol
- Active · Active since 25 Nov 2025
- Activities · NACE
Activiteiten van holdings
Holdings