Equity
-€149,439
Debts exceed assets in financial year 2025.
SAVA CONSTRUCT
Lifetime
17 annual accounts with figures on one time axispeak €52,271 (2012)
-€214▼ €7,254
lowest -€229,240 (2021)
-€4,176▼ €8,483
peak €151,888 (2020)
-€149,439▼ €4,176
€199,482▲ 2.1%
Board1 name since 2008
1 directorSAVA MARIAN
Documentsfilings and deeds
17-09-202648 days late
2025abbreviated format
Gross margin from €7,041 to -€214Loss of €4,176
Key points
from the 2025 annual accountsDebts
€199,482 399% of the balance sheet
Financial debts 10%Taxes and wages 90%
Position in the sector
-298.6%
Lower solvency than 95% of companies in construction of buildings. Sector median 38.6% · 2,816 companies.
2025 accounts filed 48 days after the deadlineTurnover not published (abbreviated or micro format)
Checked score
35
Weak
Financially stronger than 13% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.2% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 1.7%● unchanged vs 12-2024
02-2025: 1.7%● unchanged vs 01-2025
03-2025: 1.6%▼ -0.1 percentage points vs 02-2025
04-2025: 1.6%● unchanged vs 03-2025
05-2025: 1.6%● unchanged vs 04-2025
06-2025: 1.5%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 1.8%▲ +0.3 percentage points vs 06-2025
08-2025: 2.5%▲ +0.7 percentage points vs 07-2025
09-2025: 2.9%▲ +0.4 percentage points vs 08-2025
10-2025: 2.9%● unchanged vs 09-2025
11-2025: 2.9%● unchanged vs 10-2025
12-2025: 2.9%● unchanged vs 11-2025
01-2026: 2.9%● unchanged vs 12-2025
02-2026: 2.9%● unchanged vs 01-2026
03-2026: 2.9%● unchanged vs 02-2026
04-2026: 2.9%● unchanged vs 03-2026
05-2026: 2.8%▼ -0.1 percentage points vs 04-2026
06-2026: 2.7%▼ -0.1 percentage points vs 05-2026
07-2026: 2.8%▲ +0.1 percentage points vs 06-2026
08-2026: 3.6%▲ +0.8 percentage points vs 07-2026
09-2026: 4.1%▲ +0.5 percentage points vs 08-2026
10-2026: 5.2%▲ +1.1 percentage points vs 09-2026highest value
11-2026: 5.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 48 days late; 2 of the last 3 accounts late
Sector: Construction of residential and non-residential buildings (NACE 41)
Liquidity: current ratio 0.25
lowers risk
Size: total assets €50,043
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 3% of them on solvency, 1% on liquidity, 16% on profitability and 31% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,333 companies had the same profile as SAVA CONSTRUCT has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SAVA CONSTRUCT itself is higher: 5.2% within 12 months. It rests on far more data about SAVA CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,333 companies, not a prediction for SAVA CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.25 (0.26 in 2024), below 1. Short-term debt is 398.6% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€149,439
raises risk · 2025 accounts filed 48 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
48 days late
2024
46 days late
2023
5 days early
2022
30 days late
2021
2 days early
2020
27 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0807176392
First establishment
Emile de Becolaan 86, Ixelles
Incorporation
published on 20-10-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SAVA CONSTRUCT Ixelles | €50,043 | -€214 | -298.6% | - |
| ECOBUILDERS Ixelles | €50,698 | -€13,615 | -46.3% | - |
| R D G Rénovations Auderghem | €53,532 | €959 | 88.9% | - |
| Wood Homes Partners Uccle | €48,007 | -€2,305 | 10.5% | - |
| JPS Etterbeek | €40,862 | -€2,750 | 43.7% | - |
| MEANT CONSTRUCTIONS Spa | €53,814 | -€32,292 | -89.6% | - |
| JL LIJMWERKEN Maasmechelen | €49,138 | €1,126 | 84.8% | - |
These companies have the same main activity as SAVA CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €40,900 and €53,800, founded between 2007 and 2010.
Official details
Source: KBO- Status
- Active since 16-10-2008Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 2 others
- Establishment unit
- 2.180.452.5081050 Ixelles, since 07-09-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Insights on SAVA CONSTRUCT
SAVA CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin fell from €18,505 in 2009 to -€214 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SAVA CONSTRUCT
- What is the company number of SAVA CONSTRUCT?
- The company number of SAVA CONSTRUCT is 0807.176.392. The VAT number is the same number with BE in front: BE 0807.176.392.
- Where is SAVA CONSTRUCT based?
- The registered office is at Emile de Becolaan 86, 1050 Ixelles.Company details
- What does SAVA CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of SAVA CONSTRUCT?
- SAVA CONSTRUCT is a private limited company (pre-2019) (BVBA).
- When was SAVA CONSTRUCT founded?
- SAVA CONSTRUCT was founded on 16-10-2008.
- Is SAVA CONSTRUCT still active?
- Yes, SAVA CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of SAVA CONSTRUCT?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is SAVA CONSTRUCT profitable?
- In financial year 2025, SAVA CONSTRUCT made a loss of €4,176.
- Where can I find the annual accounts of SAVA CONSTRUCT?
- SAVA CONSTRUCT filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SAVA CONSTRUCT due?
- SAVA CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.