ACTIVE

SALIX

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Financial year 2025 · closed on 31/12/2025

Net result

14,9 k €

-50.1% YoY

Gross margin

7,8 k €

-34.8% YoY

Equity

1,3 M €

+1.1% YoY

Workforce

0,0 ETP

What does SALIX do?

SALIX is a Public limited company incorporated in 1991. Its main activity is: Retail sale of watches and jewellery in specialised stores. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.409.449

Incorporation

08/10/1991

Legal form

Public limited company

Registered office

Boulevard de Waterloo 38
1000 Bruxelles · BruxellesSee on map

Contributed capital

1 200 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

47770Retail sale of watches and jewellery in specialised stores· main 47770Retail sale of watches and jewellery in specialised stores 52484Warehousing and support activities for transportation

Joint committees (3)

14903
201
2010

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	7,8 k €	-34.8%	11,9 k €	+30.2%	9,2 k €	-54.2%	20 k €	-81.9%	110,2 k €	+284%	-60 k €	-162%	96,3 k €	+115%	44,9 k €	-78.9%	212,4 k €	-45.9%	392,3 k €	-51.5%	808,1 k €	-16.3%	965,1 k €	-0.4%	968,8 k €	+1.6%	953,2 k €	+132%	411,6 k €	-37.5%	658 k €	-23.8%	863,7 k €	-7.5%	933,5 k €
EBITDA	6,5 k €	-40.2%	10,8 k €	+34.3%	8,1 k €	-27.3%	11,1 k €	-81.8%	60,9 k €	+146%	-133,5 k €	-48.5%	-89,8 k €	+51.5%	-185,1 k €	-596%	-26,6 k €	-119%	136,9 k €	-74.9%	545,3 k €	-17.0%	657 k €	+1.0%	650,5 k €	+2.1%	637,3 k €	+939%	61,3 k €	-79.7%	302,9 k €	-46.8%	569,6 k €	-9.5%	629,6 k €
Operating result	6,5 k €	-40.2%	10,8 k €	+34.3%	8,1 k €	-27.3%	11,1 k €	-81.8%	60,9 k €	+142%	-145,7 k €	-43.6%	-101,5 k €	+48.4%	-196,7 k €	-421%	-37,8 k €	-130%	125,5 k €	-76.5%	533,2 k €	-17.4%	645,5 k €	+2.5%	629,8 k €	+2.7%	613,4 k €	+5042%	11,9 k €	-95.2%	249,6 k €	-51.5%	514,6 k €	-8.4%	561,7 k €
Net result	14,9 k €	-50.1%	29,8 k €	+870%	3,1 k €	+133%	-9,3 k €	-127%	34,5 k €	+120%	-176,5 k €	-24.7%	-141,6 k €	+38.5%	-230,1 k €	-1438%	-15 k €	-115%	100,7 k €	-80.9%	526 k €	-18.7%	647,4 k €	+5.8%	612 k €	+11.7%	547,9 k €	+1362%	37,5 k €	-83.0%	220,9 k €	-49.5%	437,4 k €	+13.1%	386,6 k €
Balance sheet
Equity	1,3 M €	+1.1%	1,3 M €	+2.3%	1,3 M €	+0.2%	1,3 M €	-0.7%	1,3 M €	-57.7%	3 M €	-5.5%	3,2 M €	-4.2%	3,3 M €	-6.4%	3,6 M €	-0.4%	3,6 M €	+0.0%	3,6 M €	-2.0%	3,7 M €	+4.2%	3,5 M €	+6.4%	3,3 M €	+11.8%	3 M €	+1.3%	2,9 M €	+8.2%	2,7 M €	+14.3%	2,4 M €
Total assets	1,7 M €	+0.1%	1,7 M €	+1.3%	1,6 M €	-1.4%	1,7 M €	-5.2%	1,8 M €	-53.2%	3,8 M €	-5.9%	4 M €	-5.3%	4,2 M €	-8.1%	4,6 M €	+0.6%	4,6 M €	-8.8%	5 M €	+6.5%	4,7 M €	+6.7%	4,4 M €	+13.7%	3,9 M €	+17.2%	3,3 M €	-4.5%	3,5 M €	+10.6%	3,1 M €	+1.1%	3,1 M €
Cash	78,3 k €	+14.5%	68,4 k €	-53.6%	147,4 k €	-89.5%	1,4 M €	-1.0%	1,4 M €	-51.6%	2,9 M €	+5.1%	2,8 M €	-1.1%	2,8 M €	-5.3%	3 M €	+324%	702,7 k €	-20.6%	884,7 k €	+204%	290,7 k €	+23.3%	235,9 k €	-71.6%	831,8 k €	+498%	139 k €	+80.9%	76,9 k €	-50.6%	155,6 k €	-35.8%	242,5 k €
Debts	327,5 k €	-2.7%	336,7 k €	-4.2%	351,5 k €	-8.1%	382,5 k €	-17.3%	462,6 k €	-35.1%	713,1 k €	-6.7%	764 k €	-13.0%	878,5 k €	-14.2%	1 M €	+7.6%	951,8 k €	-32.5%	1,4 M €	+35.3%	1 M €	+15.8%	900,3 k €	+55.2%	580,3 k €	+61.7%	358,8 k €	-35.0%	551,7 k €	+25.6%	439,3 k €	-41.0%	744 k €
Other
Workforce	0,0 ETP		–		–		0,4 ETP	-66.7%	1,2 ETP	-33.3%	1,8 ETP	-35.7%	2,8 ETP	-30.0%	4,0 ETP	-13.0%	4,6 ETP	-22.0%	5,9 ETP	-1.7%	6,0 ETP	-9.1%	6,6 ETP	-7.0%	7,1 ETP	+1.4%	7,0 ETP	-9.1%	7,7 ETP	-12.5%	8,8 ETP	+15.8%	7,6 ETP	-11.6%	8,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 15 ended

Active mandates

Michel Gilson

Managing director · since 13 décembre 2023

Active

Ended mandates

Christos Baltogiannis

Director · since 19 juin 2019 · until 12 mai 2025

Ended

Christos Baltogiannis

Director · since 19 juin 2019 · until 15 mai 2025

Ended

Michel Gilson

Managing director · since 19 juin 2019 · until 12 mai 2025

Ended

CHRISTOS BALTOGIANNIS

Director · since 08 mai 2017 · until 10 mai 2021

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/05/2026	15/05/2025	12/06/2024	08/06/2023	19/07/2022	08/06/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	08/05/2023	09/05/2022	26/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/05/2026	18/05/2026	Dutch	PDF
Micro model	31/12/2024	13/05/2025	15/05/2025	Dutch	PDF
Micro model	31/12/2023	14/05/2024	12/06/2024	Dutch	PDF
Abridged model	31/12/2022	08/05/2023	08/06/2023	Dutch	PDF
Abridged model	31/12/2021	09/05/2022	19/07/2022	Dutch	PDF
Abridged model	31/12/2020	26/05/2021	08/06/2021	Dutch	PDF
Abridged model	31/12/2019	11/05/2020	09/06/2020	Dutch	PDF
Abridged model	31/12/2018	29/05/2019	26/06/2019	Dutch	PDF
Abridged model	31/12/2017	14/05/2018	06/06/2018	Dutch	PDF
Abridged model	31/12/2016	08/05/2017	09/06/2017	Dutch	PDF
Abridged model	31/12/2015	09/05/2016	02/06/2016	Dutch	PDF
Abridged model	31/12/2014	11/05/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	12/05/2014	28/05/2014	Dutch	PDF
Abridged model	31/12/2012	13/05/2013	25/06/2013	Dutch	PDF
Abridged model	31/12/2011	14/05/2012	15/06/2012	Dutch	PDF
Abridged model	31/12/2010	09/05/2011	06/06/2011	Dutch	PDF
Abridged model	31/12/2009	10/05/2010	12/07/2010	Dutch	PDF
Abridged model	31/12/2008	11/05/2009	19/06/2009	Dutch	PDF
Abridged model	31/12/2007	13/05/2008	25/06/2008	Dutch	PDF
Abridged model	31/12/2006	14/05/2007	04/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 1 active · 15 ended

Active mandates

Michel Gilson

Managing director · since 13 décembre 2023

Active

Ended mandates

Christos Baltogiannis

Director · since 19 juin 2019 · until 12 mai 2025

Ended

Christos Baltogiannis

Director · since 19 juin 2019 · until 15 mai 2025

Ended

Michel Gilson

Managing director · since 19 juin 2019 · until 12 mai 2025

Ended

CHRISTOS BALTOGIANNIS

Director · since 08 mai 2017 · until 10 mai 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/02/2022
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares12/07/2019
KAPITAAL - AANDELEN
PDF
Mandates20/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/01/2014
KAPITAAL - AANDELEN
PDF
Mandates15/07/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/01/2004
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202514,9 k €↓
2024
Annual accounts 202429,8 k €↑
2023
Annual accounts 20233,1 k €↑
2022
Annual accounts 2022-9,3 k €↓
2021
Annual accounts 202134,5 k €↑
2018
Annual accounts 2018-176,5 k €↓
2017
Annual accounts 2017-141,6 k €↑
2016
Annual accounts 2016-230,1 k €↓
2015
Annual accounts 2015-15 k €↓
2014
Annual accounts 2014100,7 k €↓
2013
Annual accounts 2013526 k €↓
2012
Annual accounts 2012647,4 k €↑
2011
Annual accounts 2011612 k €↑
2010
Annual accounts 2010547,9 k €↑
2009
Annual accounts 200937,5 k €↓
2008
Annual accounts 2008220,9 k €↓
2007
Annual accounts 2007437,4 k €↑
2006
Annual accounts 2006386,6 k €
08/10/1991
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

SALIX

Overview

What does SALIX 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