ACTIVE

SALENCO

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Financial year 2025 · closed on 31/03/2025

Net result

3,7 M €

+203.8% YoY

Gross margin

982,4 k €

-46.6% YoY

Equity

15,1 M €

+31.9% YoY

Workforce

0,0 ETP

What does SALENCO do?

SALENCO is a Public limited company incorporated in 1990. Its main activity is: Activities of holding companies. Its registered office is in Waregem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.746.530

Incorporation

19/02/1990

Legal form

Public limited company

Registered office

Kalkhoevestraat 30 box 2.1
8790 Waregem · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/03/2025

Average workforce

0,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 68310Real estate agencies 68311Real estate agencies

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	982,4 k €	-46.6%	1,8 M €	-17.6%	2,2 M €	-2.9%	2,3 M €	+249%	659,7 k €	+59.2%	414,4 k €	+22.6%	338,2 k €	-88.1%	2,8 M €	+341%	643,7 k €	+24.7%	516 k €	-4.1%	538 k €	+74.7%	307,9 k €	+8.3%	284,4 k €	-10.7%	318,6 k €	+26.2%	252,4 k €	-6.7%	270,5 k €	-27.9%	374,9 k €	+57.2%	238,5 k €
EBITDA	927,8 k €	-48.9%	1,8 M €	-18.3%	2,2 M €	-2.9%	2,3 M €	+252%	648,8 k €	+60.7%	403,7 k €	+24.4%	324,5 k €	-88.7%	2,9 M €	+421%	553,9 k €	+13.6%	487,6 k €	-4.3%	509,4 k €	+67.2%	304,6 k €	+9.4%	278,4 k €	+0.5%	277 k €	+29.1%	214,5 k €	-6.3%	229 k €	-26.5%	311,6 k €	+107%	150,6 k €
Operating result	704,7 k €	-58.6%	1,7 M €	-18.5%	2,1 M €	+4.0%	2 M €	+372%	425 k €	+244%	123,6 k €	+20.9%	102,2 k €	-96.2%	2,7 M €	+644%	358,2 k €	+13.0%	317 k €	-8.0%	344,7 k €	+116%	159,7 k €	-9.5%	176,6 k €	+1.0%	174,8 k €	+85.5%	94,2 k €	+1358%	6,5 k €	-93.2%	94,9 k €	+291%	-49,7 k €
Net result	3,7 M €	+204%	1,2 M €	-29.6%	1,7 M €	+6.5%	1,6 M €	+424%	307,2 k €	-38.0%	495,7 k €	+138%	208,6 k €	-91.3%	2,4 M €	+899%	238,6 k €	+62.3%	147,1 k €	-77.4%	651,3 k €	+161%	249,6 k €	+407%	49,2 k €	-75.2%	198,4 k €	-47.0%	374,5 k €	+529%	-87,3 k €	-167%	131 k €	+446%	-37,9 k €
Balance sheet
Equity	15,1 M €	+31.9%	11,5 M €	+11.8%	10,3 M €	-3.4%	10,6 M €	+49.2%	7,1 M €	+4.5%	6,8 M €	+7.8%	6,3 M €	+3.4%	6,1 M €	+64.0%	3,7 M €	+6.9%	3,5 M €	+4.4%	3,3 M €	+14.4%	2,9 M €	+9.4%	2,7 M €	+1.9%	2,6 M €	-24.7%	3,5 M €	+12.1%	3,1 M €	-2.8%	3,2 M €	+4.2%	3,1 M €
Total assets	21,9 M €	+17.5%	18,6 M €	+26.6%	14,7 M €	+17.4%	12,5 M €	+27.8%	9,8 M €	+13.0%	8,7 M €	+1.0%	8,6 M €	-3.8%	8,9 M €	+30.4%	6,9 M €	+4.8%	6,5 M €	-5.7%	6,9 M €	+9.7%	6,3 M €	+5.7%	6 M €	+11.1%	5,4 M €	-3.3%	5,6 M €	-4.6%	5,8 M €	+0.7%	5,8 M €	+1.1%	5,7 M €
Cash	325,7 k €	+198%	109,4 k €	+58.1%	69,2 k €	-97.4%	2,6 M €	+34.5%	1,9 M €	+304%	481,5 k €	-24.8%	640,4 k €	-63.3%	1,7 M €	+2520%	66,5 k €	+38.9%	47,9 k €	-86.1%	344,6 k €	+124%	153,7 k €	-30.3%	220,5 k €	+1752%	11,9 k €	-63.5%	32,7 k €	-73.6%	123,8 k €	+138%	52,1 k €	+81.6%	28,7 k €
Debts	6,6 M €	-5.8%	7 M €	+59.2%	4,4 M €	+138%	1,8 M €	-23.9%	2,4 M €	+53.4%	1,6 M €	-20.4%	2 M €	-21.6%	2,5 M €	-13.4%	2,9 M €	+0.7%	2,9 M €	-15.1%	3,4 M €	+9.8%	3,1 M €	+0.2%	3,1 M €	+21.9%	2,5 M €	+36.1%	1,9 M €	-25.1%	2,5 M €	+4.4%	2,4 M €	-3.0%	2,5 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP		–		0,4 ETP	-20.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 22 ended

Active mandates

Andre Saelens

Managing director · since 21 septembre 2019

Active

Laura Saelens

Director · since 21 septembre 2019

Active

Ended mandates

Andre Saelens

Managing director · since 01 mars 2020 · until 20 septembre 2025

Ended

Andre Saelens

Managing director · since 01 mars 2020

Ended

Laura Saelens

Director · since 01 mars 2020 · until 20 septembre 2025

Ended

André Saelens

Managing director · since 19 septembre 2014 · until 19 septembre 2020

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	24/09/2024	18/09/2023	19/10/2022	03/11/2021	27/10/2020
General meeting	20/09/2025	21/09/2024	16/09/2023	17/09/2022	18/09/2021	19/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	20/09/2025	30/09/2025	Dutch	PDF
Abridged model	31/03/2024	21/09/2024	24/09/2024	Dutch	PDF
Abridged model	31/03/2023	16/09/2023	18/09/2023	Dutch	PDF
Abridged model	31/03/2022	17/09/2022	19/10/2022	Dutch	PDF
Abridged model	31/03/2021	18/09/2021	03/11/2021	Dutch	PDF
Abridged model	31/03/2020	19/09/2020	27/10/2020	Dutch	PDF
Abridged model	31/03/2019	21/09/2019	31/10/2019	Dutch	PDF
Abridged model	31/03/2018	15/09/2018	15/10/2018	Dutch	PDF
Abridged model	31/03/2017	16/09/2017	16/10/2017	Dutch	PDF
Abridged model	31/03/2016	17/09/2016	26/10/2016	Dutch	PDF
Abridged model	31/03/2015	19/09/2015	21/09/2015	Dutch	PDF
Abridged model	31/03/2014	20/09/2014	09/10/2014	Dutch	PDF
Abridged model	31/03/2013	21/09/2013	22/10/2013	Dutch	PDF
Abridged model	31/03/2012	15/09/2012	08/11/2012	Dutch	PDF
Abridged model	31/03/2011	17/09/2011	12/10/2011	Dutch	PDF
Abridged model	31/03/2010	18/09/2010	21/10/2010	Dutch	PDF
Abridged model	31/03/2009	19/09/2009	29/10/2009	Dutch	PDF
Abridged model	31/03/2008	20/09/2008	28/11/2008	Dutch	PDF
Abridged model	31/03/2007	15/09/2007	30/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 22 ended

Active mandates

Andre Saelens

Managing director · since 21 septembre 2019

Active

Laura Saelens

Director · since 21 septembre 2019

Active

Ended mandates

Andre Saelens

Managing director · since 01 mars 2020 · until 20 septembre 2025

Ended

Andre Saelens

Managing director · since 01 mars 2020

Ended

Laura Saelens

Director · since 01 mars 2020 · until 20 septembre 2025

Ended

André Saelens

Managing director · since 19 septembre 2014 · until 19 septembre 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/10/2024
MAATSCHAPPELIJKE ZETEL
PDF
Other26/02/2024
DIVERSEN
PDF
Mandates14/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office05/10/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/09/2019
MAATSCHAPPELIJKE ZETEL
PDF
Registered office02/03/2017
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20253,7 M €↑
2024
Annual accounts 20241,2 M €↓
2023
Annual accounts 20231,7 M €↑
2022
Annual accounts 20221,6 M €↑
2020
Annual accounts 2020307,2 k €↓
2019
Annual accounts 2019495,7 k €↑
2018
Annual accounts 2018208,6 k €↓
2017
Annual accounts 20172,4 M €↑
2016
Annual accounts 2016238,6 k €↑
2015
Annual accounts 2015147,1 k €↓
2014
Annual accounts 2014651,3 k €↑
2013
Annual accounts 2013249,6 k €↑
2012
Annual accounts 201249,2 k €↓
2011
Annual accounts 2011198,4 k €↓
2010
Annual accounts 2010374,5 k €↑
2009
Annual accounts 2009-87,3 k €↓
2008
Annual accounts 2008131 k €↑
2007
Annual accounts 2007-37,9 k €
19/02/1990
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SALENCO

Overview

What does SALENCO do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline