Equity
€183,921 ▲ 354%
Equity rose in 2025 from €40,512 to €183,921.
SAVAAN
Lifetime
15 annual accounts with figures on one time axisGross marginpeak €360,876 (2025)
€360,876▲ 6.4%
Resultlowest -€266,747 (2013)
€143,409▲ 20.6%
Equitypeak €236,922 (2011)
€183,921▲ 354%
Debts
€2.9m▼ 0.1%
Staffpeak 0.3 FTE (2011)
-not published
Board6 names since 2021
2 directorsI.B.I.S. and 1 other
Owners
100%BRUMMO
Documentsfilings and deeds
29-07-20262 days before the deadline
2025financial year
Equity from €40,512 to €183,921Cash from €385,531 to €147,005
Key points
from the 2025 annual accountsTurnover
≈ €1.0m estimated
The accounts state no turnover.
Debts
€2.9m 94% of the balance sheet
Financial debts 87%Suppliers 1%Taxes and wages 0%Other 12%
€594,724 of the debts are secured on the company's own assets. In 2021 that was €941,188.
Liquidity
2.69 was 1.68 in 2024
Short-term debts rose from €234,940 to €243,550.
Filings
15 annual accounts since 2011
Six of the last ten came late. The 2017 accounts came latest: 184 days after the end of the period.
Position in the sector
6.0%
Lower solvency than 90% of companies in specialised construction. Sector median 42.4% · 2,454 companies.
Checked score
90
Excellent
Financially stronger than 52% of small companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,652 companies (NACE 43, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▲ +0.3 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.9 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.2%▲ +0.1 percentage points vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.2%▼ -0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €183,921 (6.0% of total assets)
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: total assets €3.1m
Figures for financial year 2025 (filed on 04-08-2026)
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 43, small). It does better than 7% of them on solvency, 70% on liquidity, 32% on profitability and 99% on growth.
The bankruptcy probability was computed on 05-11-2026 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 very low class on 30-06-2025, 0.1% 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, 1,448 companies had the same profile as SAVAAN has now. Each dot stands for 4 companies, two years later.
95.6%
were still trading
2.1%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SAVAAN itself is lower: 0.2% within 12 months. It rests on far more data about SAVAAN 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 1,448 companies, not a prediction for SAVAAN. 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
Credit of up to €16,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.69 (1.68 in 2024), above the usual 1.5. Short-term debt is 8% and cash 4.8% of total assets. However, 94% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 2454 sector peers (2025).
NBB · sector comparisonPosition among 2454 sector peers
Solvency
better than 10%
← weakest
strongest →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
on the day
2023
30 days late
2022
21 days early
2021
31 days late
2020
11 days early
2019
56 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 12 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 31 July (5 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BRUMMO 100%score 93equity €21.1m (2025) · 2025 annual accounts of BRUMMO
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0827430388
Resignation: AdviRe (director)
BRUMMO holds all the shares · General meeting of 15-12-2023 · Gazette deed
New managing director
AdviRe BV appointed, BDVC BV resigned · Permanent representatives: Luc Sienaert and Miguel Van Canneyt · Board meeting of 21-04-2022 · Gazette deed
New managing director
MIVC bv appointed, Miguel Van Canneyt resigned · Permanent representatives: Theo Van Canneyt, Mieke Claerhout and Miguel Van Canneyt · General meeting of 03-12-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| SAVAAN Sint-Martens-Latem | €3.1m | €360,876 | 6.0% | - |
| TERCANLI Lokeren | €2.9m | €378,518 | 51.5% | - |
| Immo Schockaert - Rosseels Zele | €2.6m | €370,557 | 48.6% | 4.7 |
| DEMIRCI Waasmunster | €3.6m | €596,106 | 43.2% | - |
| TERRAGRO Kortrijk | €3.0m | €326,739 | 12.4% | 0 |
| Gouwy Frederik Wingene | €3.9m | €376,767 | 88.8% | - |
| L INTERIOR PROJECTS Londerzeel | €2.9m | €557,036 | 31.4% | 5 |
These companies have the same main activity as SAVAAN: site preparation (NACE 43120). They are comparable in size and age: total assets between €2.6m and €3.9m, founded between 2004 and 2012.
Official details
Source: KBO- Status
- Active since 01-07-2010Normal situation
- Registered office
- 13 active companies are registered at this addressSource: KBO register, as of 6 November 2026.
- Activity
- Site preparationNACE 43120and 2 others
- Establishment unit
- 2.190.182.5969830 Sint-Martens-Latem, since 01-07-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- Total assets
- €3.1m▲ 4.8%
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on SAVAAN
SAVAAN has existed since 2010. In 2015 the gross margin rose from €38,030 to €196,110.
The gross margin has grown every year since 2019.
BRUMMO holds all the shares. In January 2022, the Official Gazette published the appointment of MIVC as managing director.
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 SAVAAN
- What is the company number of SAVAAN?
- The company number of SAVAAN is 0827.430.388. The VAT number is the same number with BE in front: BE 0827.430.388.
- Where is SAVAAN based?
- The registered office is at Kortrijksesteenweg 23, 9830 Sint-Martens-Latem.Company details
- What does SAVAAN do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of SAVAAN?
- SAVAAN is a public limited company (NV).
- When was SAVAAN founded?
- SAVAAN was founded on 01-07-2010.
- Is SAVAAN still active?
- Yes, SAVAAN is an active enterprise in the KBO register.
- What is the turnover of SAVAAN?
- The turnover in financial year 2025 is ≈ €1.0m. This figure is estimated from the gross margin of €360,876 and 145 comparable companies (NACE 43). It probably lies between €780,000 and €1.4m.Financials
- Is SAVAAN profitable?
- In financial year 2025, SAVAAN made a profit of €143,409.
- Where can I find the annual accounts of SAVAAN?
- SAVAAN filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SAVAAN due?
- SAVAAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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