Active BE 0702.759.258Private limited company

Saravanos Process++

Middelweg 132A ·1130 Brussel, Belgium· 8 yrs active

Sector: Business and other management consultancy (70200)

Conclusion Checked

Saravanos Process++ has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €975k and a net result of €222k. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 31% of 4626 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€975k
Net result	€222k
Staff (FTE)	2
Better than sector	31%

Financial profile 5 of 5 axes measured · computed by Checked

80 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 83

Profitability 100

Solvency 64

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.3% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2018, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

83 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€80k

estimate, not credit advice

Score history

86 2021

42 2022

91 2023

83 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 2.82 (≥ 1.5) +10

Quick ratio Quick ratio 2.82 (≥ 1.0) +5

Profitability ROE 23% (≥ 10%) +10

Interest coverage Interest coverage 27.2× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview6 NBB filings

Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · full schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~24.8%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	26.9%	48.8%	better than 31% of 4626 sector peers
Net result	€222k	€45k	better than 73% of 4629 sector peers
Equity	€975k	€529k	better than 59% of 4632 sector peers
Gross operating margin	€589k	€82k	better than 87% of 3513 sector peers
Staff costs	€150k	€260k	higher than 40% of 1792 sector peers

EBITDA

€435k

-9.3% 21-24

Net profit

€222k

-29.0% 21-24

Cash flow

€340k

-16.1% 21-24

Total assets

€3.62M

+56.6% 21-24

Equity

€975k

+29.5% 21-24

Working capital

€1.59M

+144.9% 21-24

Employees (FTE)

2

-20.0% 21-24

Staff costs

€150k

-32.9% 21-24

Income taxes

€81k

+34.5% 21-24

Dividends

€0

- 21-24

Debt

€2.65M

+69.6% 21-24

Debt ≤ 1y

€875k

+90.9% 21-24

Debt > 1y

€616k

-10.7% 21-24

Current ratio

2.82

+16.6% 21-24

Quick ratio

2.82

+16.6% 21-24

Solvency

26.9%

-17.3% 21-24

Debt / equity

2.71

+30.9% 21-24

ROE

22.8%

-45.2% 21-24

ROA

6.1%

-54.6% 21-24

Interest coverage

27.24

-11.4% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	full schema	full schema	full schema	full schema
Revenue	-	-	-	-
EBITDA	€435k	€480k	€-20k	€409k
Net profit	€222k	€313k	€-120k	€278k
Cash flow	€340k	€405k	€-35k	€341k
Staff costs	€150k	€224k	€213k	€205k
Income taxes	€81k	€60k	€0	€56k
Dividends	-	-	-	€0
Total assets	€3.62M	€2.31M	€1.36M	€1.62M
Equity	€975k	€753k	€440k	€560k
Debt	€2.65M	€1.56M	€918k	€1.06M
of which ≤ 1y	€875k	€458k	€186k	€231k
of which > 1y	€616k	€689k	€730k	€832k
Working capital	€1.59M	€649k	€119k	€422k
Employees (FTE)	2.0	2.5	2.5	2.5

Ratios (computed)

	2024	2023	2022	2021
Current ratio	2.82	2.42	1.64	2.83
Quick ratio	2.82	2.42	1.64	2.83
Working capital ratio	43.9%	28.1%	8.7%	26.0%
Solvency	26.9%	32.5%	32.4%	34.5%
Debt / equity	2.71	2.07	2.09	1.90
Long-term debt ratio	0.63	0.92	1.66	1.49
Interest coverage	27.24	30.73	-1.27	35.27
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	6.1%	13.5%	-8.9%	17.1%
ROE	22.8%	41.6%	-27.4%	49.7%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €1.16M · 31.9% Current assets €2.46M · 68.1%

Equity & liabilities

Equity €975k · 26.9% Debt €2.65M · 73.1%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€3.62M	€2.31M	€1.36M	€1.62M
Fixed assets	21/28	€1.16M	€1.21M	€1.05M	€970k
Tangible fixed assets	22/27	€1.15M	€1.20M	€1.05M	€967k
Financial fixed assets	28	€2k	€2k	€2k	€2k
Current assets	29/58	€2.46M	€1.11M	€305k	€654k
Amounts receivable within one year	40/41	€107k	€389k	€57k	€103k
Cash & bank	54/58	€2.35M	€706k	€245k	€548k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.62M	€2.31M	€1.36M	€1.62M
Equity	10/15	€975k	€753k	€440k	€560k
Contributions / capital	10/11	€19k	€19k	€19k	€19k
Reserves	13	€956k	€734k	€421k	€542k
Accumulated profits (losses)	14	-	-	-	€0
Amounts payable	17/49	€2.65M	€1.56M	€918k	€1.06M
Amounts payable after one year	17	€616k	€689k	€730k	€832k
Amounts payable within one year	42/48	€875k	€458k	€186k	€231k
Trade debts payable within one year	44	€564k	€244k	€30k	€6k
Income statement
Gross operating margin	9900	€589k	€708k	€197k	€616k
Operating result	9901	€318k	€388k	€-106k	€346k
Financial income	75	€835	€268	€1k	€20
Financial charges	65	€16k	€16k	€16k	€12k
Result before taxes	9903	€303k	€373k	€-120k	€334k
Income taxes	67/77	€81k	€60k	€0	€56k
Net result for the period	9904	€222k	€313k	€-120k	€278k
Result to be appropriated	9905	€222k	€313k	€-120k	€278k

Directors & mandates 3 directors

Directors derived from a single State Gazette act, under verification

All 3 current directors first appear in the same act (24360444). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

Ioannis Saravanos
Director (executive)
State Gazette act 24360444 (14-02-2024)

Current
01-12-2023 → present
Panagiotis Saravanos
Director (executive)
State Gazette act 24360444 (14-02-2024)

Current
01-12-2023 → present
Spyridon Lazanas
Director (executive)
State Gazette act 24360444 (14-02-2024)

Current
01-12-2023 → present

Legal Structure

NACE primary	Business and other management consultancy(70200)
Legal form	Private limited company(610)
Incorporation	03-09-2018
Status	Active
Postal code	1130

Establishment units 1 location

SARAVANOS PROCESS++

Arnaud Fraiteurlaan 15-23, 1050 ElseneIT consultancy

since 20182.279.168.418

Real-estate footprint Source: CBE × cadastre

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21821B0501/00E000	Brussels	1.3 ha	1 · 1,703 m²	8.4 m · 2 fl.
21446F0030/00A000	Brussels	7,406 m²	1 · 1,655 m²	28.5 m · 6 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 7 events

All 10Financial 3Gazette 1Filings 6

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 61 days late

2024

07-10

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 68 days late

14-02

State Gazette act Director changes

Dimitri CLEENEWERCK DE CRAYENCOUR

2023

31-12

Financial Back to profitnet €313k

Net result €313k after one loss-making year.

31-12

Financial Equity above €500kEq €753k ▲71.2%

Equity rises from €440k to €753k.

29-09

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 60 days late

2022

31-12

Financial Weakest financial yearnet €-120k ▼143%

Net result drops to €-120k, the lowest in the series; recovery starts the following year.

10-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 10 days late

2021

22-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

08-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 69 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

14-02-2024 4 directors appointed Director changes·Dimitri CLEENEWERCK DE CRAYENCOUR

Ioannis Saravanos, Directeur
Ioannis Saravanos, Dagelijks bestuur
Panagiotis Saravanos, Directeur
Spyridon Lazanas, Directeur

Notary: Dimitri CLEENEWERCK DE CRAYENCOUR · Bruxelles

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

IT consultancy62020Computer consultancy and computer facilities management62200Business and other management consultancy70200Business consulting70220Buying and selling of own real estate68110Other technical testing and analysis71209

Names & trade names

Legal nameFR	Saravanos Process++
AbbreviationFR	P++

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