Result
€1.9m €1.9m
Back in profit in 2025, after a loss of €3.6m in 2024.
SAVACO
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €66.9m (2025)
€66.9m▲ 22.6%
lowest -€3.6m (2024)
€1.9m▲ €5.5m
peak €10.8m (2019)
€8.3m▲ 30.4%
€45.5m▲ 17.2%
peak 242.3 FTE (2025)
242.3 FTE▲ 16.9%
Board11 names since 2018
1 directorEIXAMPLE
Owners
100%Savaco Holding
Documentsfilings and deeds
24-07-20267 days before the deadline
2025financial year
Turnover from €54.5m to €66.9mBack to profit: €1.9mStaff from 207.2 FTE to 242.3 FTEMerger: SAVACO takes over TrueGEN 25-09Merger proposal: SAVACO takes over TRUEGEN 23-06Equity from €6.4m to €8.3m
Key points
from the 2025 annual accountsDebts
€45.5m 85% of the balance sheet
Financial debts 9%Suppliers 29%Taxes and wages 17%Other 44%
€9.0m of the debts are secured on the company's own assets. In 2022 that was €5.1m.
Investments
€17.4m 6.1 × depreciation
Green is investment, beige is depreciation.
Payment terms
114 days to suppliers
SAVACO pays its suppliers 13 days later than in 2024. Customers pay 30 days later.
Filings
35 annual accounts since 1991
The last five annual accounts were filed 6 to 88 days before the end of the period.
Restructuring
3
3 restructurings since 2025. Latest: merger with ADVIES EN SERVICE CENTRUM VOOR INFORMATICA.
Checked score
88
Excellent
Financially stronger than 52% of medium-sized companies in computer programming and consultancy (NACE 62)
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: 0.1% across 206 companies (NACE 62, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025lowest value
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 0.4%● unchanged vs 07-2025highest value
09-2025: 0.4%● unchanged vs 08-2025highest value
10-2025: 0.4%● unchanged vs 09-2025highest value
11-2025: 0.4%● unchanged vs 10-2025highest value
12-2025: 0.4%● unchanged vs 11-2025highest value
01-2026: 0.4%● unchanged vs 12-2025highest value
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.2%▼ -0.2 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 €8.3m (15.4% of total assets)
Liquidity: current ratio 1.24, cash €3.0m
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Legal form: public limited company
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 62, medium-sized). It does better than 24% of them on solvency, 38% on liquidity, 65% on profitability and 82% 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 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, 733 companies had the same profile as SAVACO has now. Each dot stands for 2 companies, two years later.
97.4%
were still trading
1.4%
stopped another way
1.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SAVACO itself: 0.2% within 12 months.
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 733 companies, not a prediction for SAVACO. 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 €700,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.24 (1.16 in 2024), below the usual 1.5. Short-term debt is 49.2% and cash 5.5% of total assets. 84.6% 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
Five signals.
lowers riskraises riskneutral
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 days early
2024
44 days early
2023
6 days early
2022
88 days early
2021
88 days early
2020
88 days early
2019
86 days early
← 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 58 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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 17 June (5 of the last 5 accounts filed within 44 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
Board and ownership
- Savaco Holding 100%equity €31.8m (2025) · 2025 annual accounts of Savaco Holding
Recent changes
New establishment in Ghent
SAVACO NV, Sluisweg 2
Merger: SAVACO takes over TrueGEN
Closure of the liquidation · Liquidation closed on 31-07-2025 · General meeting of 31-07-2025 · Gazette deed
Merger proposal: SAVACO takes over TRUEGEN
Permanent representatives: Louis Sabbe and Rik Vandemoortele · The company holds all the shares of TRUEGEN · The company holds all the shares of TECHNE IT SOLUTIONS · Gazette deed
Reappointment: NV CALLENS VANDELANOTTE (statutory auditor)
Permanent representative: Louis Sabbe · General meeting of 27-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SAVACO Kortrijk | €66.9m | 6.4% | 15.4% | 242.3 |
| AXXES Antwerp | €67.1m | 9.3% | 34.0% | 268.8 |
| Simac Leuven | €69.7m | 2.0% | 26.1% | 167.2 |
| ITINERIS Ghent | €71.4m | 11.8% | 59.3% | 224.1 |
| CHEOPS TECHNOLOGY Kontich | €74.3m | 9.1% | 20.8% | 336.1 |
| RANDSTAD DIGITAL BELGIUM Leuven | €55.8m | -0.9% | 55.2% | 345.7 |
| CONXION Waregem | €57.1m | 5.8% | 21.1% | 110 |
Grey: the largest companies of the sector (computer programming and consultancy (NACE 62)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SAVACO: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €39m and €50m, founded between 1989 and 2001.
Official details
Source: KBO- Status
- Active since 04-02-1991Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 4 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment units
- 2.051.618.6908500 Kortrijk, since 21-02-1991
- 2.326.494.4213001 Leuven, since 01-01-2022and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €53.8m▲ 18.7%
- Employeeson 31-12-2025
- 264▲ 17.9%
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Insights on SAVACO
SAVACO has existed since 1991. Turnover grew from €10.0m in 2006 to €66.9m in 2025 and staff from 38.5 to 242.3 full-time equivalents.
Turnover has grown every year since 2019.
Savaco Holding holds all the shares. In September 2023, the Official Gazette published the appointment of EIXAMPLE 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 SAVACO
- What is the company number of SAVACO?
- The company number of SAVACO is 0442.901.901. The VAT number is the same number with BE in front: BE 0442.901.901.
- Where is SAVACO based?
- The registered office is at Beneluxpark 19, 8500 Kortrijk.Company details
- What does SAVACO do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of SAVACO?
- SAVACO is a public limited company (NV).
- When was SAVACO founded?
- SAVACO was founded on 04-02-1991.
- Is SAVACO still active?
- Yes, SAVACO is an active enterprise in the KBO register.
- How many employees does SAVACO have?
- SAVACO had an average of 242.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SAVACO fall under?
- In its 2024 annual accounts, SAVACO states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of SAVACO?
- The turnover of SAVACO was €66.9m in financial year 2025, according to the filed annual accounts.
- Is SAVACO profitable?
- In financial year 2025, SAVACO made a profit of €1.9m.
- Where can I find the annual accounts of SAVACO?
- SAVACO filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SAVACO due?
- SAVACO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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