DAVID SAEYS
ActiveSummary
DAVID SAEYS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €446k and a net result of €28k. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 51% of 1517 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▼-30
Solvency57▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.06 in 2024; short-term debt: 50.9% and cash: 0.8% of total assets), and 68.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.7%
Return on assets
2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
28 d early
2023
23 d early
2022
21 d early
2021
22 d late
2020
24 d late
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€446k▲ 6.6%
2024 · €418k
2018: €202k
2019: €163k
2020: €197k
2021: €250k
2022: €311k
2023: €373k
2024: €418k
2018 → 2025
Total assets
€1.40M▲ 0.2%
2024 · €1.40M
2018: €276k
2019: €702k
2020: €693k
2021: €907k
2022: €907k
2023: €1.36M
2024: €1.40M
2018 → 2025
Net result
€28k▼ 37.8%
2024 · €45k
2018: €22k
2019: €-11k
2020: €35k
2021: €53k
2022: €61k
2023: €62k
2024: €45k
2018 → 2025
Working capital
€-670k▼ 0.4%
2024 · €-667k
2018: €55k
2019: €-65k
2020: €-60k
2021: €-200k
2022: €-166k
2023: €-653k
2024: €-667k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€250k-€311k▲ 24.4%€373k▲ 20.2%€418k▲ 11.9%€446k▲ 6.6%
Operating result€88k-€100k▲ 14.1%€96k▼ 4.8%€81k▼ 15.6%€74k▼ 7.7%
Net result€53k-€61k▲ 14.6%€62k▲ 1.6%€45k▼ 28.2%€28k▼ 37.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 8% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.40M
Fixed assets
€1.36M =
Current assets
€44k ▲ 7.2%
Equity and liabilities €1.40M
Equity
€446k ▲ 6.6%
Debt
€959k ▼ 2.5%
Debt's share of the balance-sheet total falls from 70.2% to 68.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€92k▼
2024 · €98k
Cash flow
€46k▼
2024 · €62k
Current ratio
0.06▲
2024 · 0.06
Quick ratio
0.06▲
2024 · 0.06
Debt to equity
2.15▼
2024 · 2.35
ROE
6.2%▼
2024 · 10.7%
ROA
2.0%▼
2024 · 3.2%
Interest coverage
2.60▼
2024 · 11.46
Debt ≤ 1 year
€714k▲
2024 · €709k
Debt > 1 year
€244k▼
2024 · €274k
Income taxes
€11k▼
2024 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.40M€1.40M▲
Fixed assets21/28€1.36M€1.36M=
Tangible fixed assets22/27€1.36M€1.36M=
Land and buildings22€382k€370k▼
Plant, machinery and equipment23-€16k
Furniture and vehicles24€978k€975k▼
Financial fixed assets28€55€55=
Current assets29/58€41k€44k▲
Stocks and contracts in progress3€935€935=
Stocks30/36€935€935=
Amounts receivable within one year40/41€15k€32k▲
Trade receivables40€7k€26k▲
Other amounts receivable41€9k€6k▼
Cash at bank and in hand54/58€25k€11k▼
Equity and liabilities
Total equity and liabilities10/49€1.40M€1.40M▲
Equity10/15€418k€446k▲
Contributions10/11€19k€19k=
Reserves13€399k€426k▲
Distributable reserves133€399k€426k▲
Amounts payable17/49€983k€959k▼
Amounts payable after more than one year17€274k€244k▼
Financial debts170/4€274k€244k▼
Amounts payable within one year42/48€709k€714k▲
Current portion of amounts payable after more than one year42€32k€32k▲
Financial debts43-€250k
Credit institutions430/8-€250k
Trade debts44€13k€3k▼
Suppliers440/4€13k€3k▼
Taxes, remuneration and social security45€15k€27k▲
Taxes450/3€15k€27k▲
Other amounts payable47/48€649k€403k▼
Accrued charges and deferred income492/3€663€283▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€18k▲
Other operating charges640/8€6k€150▼
Gross operating margin9900€104k€92k▼
Operating profit (loss)9901€81k€74k▼
Financial charges65/66B€9k€35k▲
Recurring financial charges65€9k€35k▲
Non-recurring financial charges66B-€0
Profit (loss) for the period before taxes9903€72k€39k▼
Income taxes67/77€28k€11k▼
Profit (loss) for the period9904€45k€28k▼
Profit (loss) for the period to be appropriated9905€45k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€28k▼
Transfer to equity691/2€45k€28k▼
To other reserves6921€45k€28k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €62k ▲1.6%
Net result €62k, the highest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Equity above €200kEq €250k ▲26.6%
2 profitable years in a row build equity to €250k.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Weakest financial yearnet €-11k ▼151%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Liersesteenweg 3202800 MechelenGround area
358 m²
Building footprint
119 m²
Volume, LiDAR
982 m³
Parcel 12402B0134/00Z010, Flanders · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Liersesteenweg 320, 2800 Mechelen
since 20012.093.099.553
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0134/00Z010 | Flanders | 358 m² | 1 · 119 m² | 9.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CONNOISSEUR BELGIUM
BE 0473.867.170
Nieuwpoort · Eq €433k
COFAZO
BE 0508.622.963
Merelbeke-Melle · Eq €506k
V-Chartering
BE 0677.560.935
Antwerpen · Eq €392k
BOOT CENTER
BE 0422.643.846
Oostende · Eq €389k
SADOC
BE 0848.594.107
Wijnegem · Eq €382k
Of 111 companies in sector 77340 we hold annual accounts for 56. 36 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-03-2001
Fiscal year end31-12
Activities, NACEBEL 2025
77340Rental and leasing activities
33150Repair, maintenance and installation of machinery and equipment
46649Wholesale of other machinery and equipment
63920Other information service activities
70200Business and other management consultancy
82300Organisation of conventions and trade shows
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.