Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SALISBURY ASSOCIATES from Etterbeek, company number BE0883680094, closed financial year 2025 with a result of € 18,141 after tax. For that financial year SALISBURY ASSOCIATES recorded a gross margin of € 35,501 and equity of € -7,763. Compared with financial year 2024, the result moved from € 21,184 to € 18,141. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ -7,763
▲ € 18,141 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,141
▼ 14% vs 2024
Profit after tax over the fiscal year.
€ 1,592
▼ 94% 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 € -20,163.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 139,620
▼ 15% vs 2024
€ 26,185 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1,971
▼ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,979
▼ 43% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 53,793 | € 9,476 | € 37,213 | € 35,501 | ▼ 5% |
| Profit after taxes | € 8,022 | € -44,741 | € 21,184 | € 18,141 | ▼ 14% |
| Equity | € -2,347 | € -47,088 | € -25,905 | € -7,763 | ▲ € 18,141 |
| Total debts | € 334,811 | € 305,454 | € 289,670 | € 245,210 | ▼ 15% |
| Cash | € 53,034 | € 15,413 | € 25,158 | € 1,592 | ▼ 94% |
| Land & buildings | € 260,986 | € 238,047 | € 230,017 | € 221,841 | ▼ 4% |
| Retained profit | € -14,747 | € -59,488 | € -38,305 | € -20,163 | ▲ € 18,141 |
| Bank debt | € 162,908 | € 189,732 | € 164,911 | € 139,620 | ▼ 15% |
| Balance sheet total | € 332,464 | € 258,366 | € 263,766 | € 237,447 | ▼ 10% |
Key figures of SALISBURY ASSOCIATES, 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 SALISBURY ASSOCIATES?
What happened at SALISBURY ASSOCIATES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,141 (▼ 14% vs 2024). filed late Source: NBB ↗
- Gaetano Capizzi became a director. NBB
- Grenat Invest SRL became a director. NBB
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,022 profit in 2022 to € 18,141 profit in 2025.
Best year ever: 2024, with € 21,184 profit.
A new publication or filing at SALISBURY ASSOCIATES? 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
Behind SALISBURY ASSOCIATES are Gaetano Capizzi and Grenat Invest SRL.
Directors
According to the 2025 annual accounts
Gaetano Capizzi
Director
since 2025
Director · represented by MESTDAGH Jérémy
since 2025
Establishments
Establishment units
Physical locations of this company
Legerlaan 41
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →G & S COMPANY
€ 18,512 gross margin · 2025
IMMOFIRST
€ -1,255 gross margin · 2025
CAPALTO GROUP
€ -23,851 gross margin · 2025
LUMO GROUP
€ 37,266 gross margin · 2024
REVIMMO BRUSSELS
€ 123,172 gross margin · 2025
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0883.680.094
- VAT number
- BE 0883.680.094
- Registered office
- Legerlaan 41, 1040 Etterbeek
- Names & denominations
- SALISBURY ASSOCIATES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 September 2006
- Peppol
- Active · Active since 16 Jan 2026
- Activities · NACE
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