SAVANCA
ActiveSummary
SAVANCA has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €167k and a net result of €68k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 1235 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▲+14
Solvency56▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.18 in 2023; short-term debt: 26.1% and cash: 9% of total assets), and 68.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €167k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
79 d late
2022
7 d early
2021
27 d early
2020
20 d late
2019
11 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€167k▲ 53.0%
2023 · €109k
2018: €-9k
2019: €13k
2020: €25k
2021: €35k
2022: €101k
2023: €109k
2018 → 2024
Total assets
€531k▲ 9.2%
2023 · €487k
2018: €442k
2019: €409k
2020: €392k
2021: €349k
2022: €448k
2023: €487k
2018 → 2024
Net result
€68k▲ 647%
2023 · €9k
2018: €-3k
2019: €21k
2020: €13k
2021: €10k
2022: €68k
2023: €9k
2018 → 2024
Working capital
€52k▲ 127%
2023 · €23k
2018: €-46k
2019: €-41k
2020: €-765
2021: €-4k
2022: €31k
2023: €23k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€25k-€35k▲ 37.4%€101k▲ 190%€109k▲ 7.3%€167k▲ 53.0%
Operating result€26k-€20k▼ 23.0%€85k▲ 324%€23k▼ 72.3%€104k▲ 345%
Net result€13k-€10k▼ 25.1%€68k▲ 616%€9k▼ 86.6%€68k▲ 647%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 345% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €531k
Fixed assets
€341k ▲ 2.1%
Current assets
€190k ▲ 24.6%
Equity and liabilities €531k
Equity
€167k ▲ 53.0%
Debt
€365k ▼ 3.5%
Debt's share of the balance-sheet total falls from 77.6% to 68.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€159k▲
2023 · €80k
Cash flow
€123k▲
2023 · €65k
Current ratio
1.37▲
2023 · 1.18
Quick ratio
1.20▲
2023 · 1.05
Debt to equity
2.19▼
2023 · 3.47
ROE
40.9%▲
2023 · 8.4%
ROA
12.8%▲
2023 · 1.9%
Interest coverage
15.12▲
2023 · 7.14
Debt ≤ 1 year
€138k▲
2023 · €130k
Debt > 1 year
€226k▼
2023 · €248k
Income taxes
€27k▲
2023 · €4k
Staff costs
€77k▲
2023 · €59k
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 · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€487k€531k▲
Fixed assets21/28€334k€341k▲
Intangible fixed assets21€816€632▼
Tangible fixed assets22/27€333k€340k▲
Land and buildings22€176k€191k▲
Plant, machinery and equipment23€92k€70k▼
Furniture and vehicles24€64k€79k▲
Financial fixed assets28€362€362=
Current assets29/58€153k€190k▲
Stocks and contracts in progress3€16k€24k▲
Stocks30/36€16k€24k▲
Amounts receivable within one year40/41€103k€112k▲
Trade receivables40€78k€76k▼
Other amounts receivable41€25k€36k▲
Cash at bank and in hand54/58€26k€48k▲
Deferred charges and accrued income490/1€7k€7k▼
Equity and liabilities
Total equity and liabilities10/49€487k€531k▲
Equity10/15€109k€167k▲
Contributions10/11€75k€75k=
Reserves13-€66k
Distributable reserves133-€66k
Profit (loss) carried forward14€34k€25k▼
Amounts payable17/49€378k€365k▼
Amounts payable after more than one year17€248k€226k▼
Financial debts170/4€248k€226k▼
Amounts payable within one year42/48€130k€138k▲
Current portion of amounts payable after more than one year42€45k€50k▲
Financial debts43€120€120=
Credit institutions430/8€120€120=
Trade debts44€42k€44k▲
Suppliers440/4€42k€44k▲
Advances received on contracts in progress46€243-
Taxes, remuneration and social security45€28k€34k▲
Taxes450/3€21k€29k▲
Remuneration and social security454/9€6k€5k▼
Other amounts payable47/48€14k€10k▼
Accrued charges and deferred income492/3-€636
Income statement
Code20232024
Remuneration, social security and pensions62€59k€77k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€55k▼
Other operating charges640/8€2k€29k▲
Gross operating margin9900€141k€265k▲
Operating profit (loss)9901€23k€104k▲
Financial income75/76B€389€1k▲
Recurring financial income75€389€1k▲
Financial charges65/66B€11k€11k▼
Recurring financial charges65€11k€11k▼
Profit (loss) for the period before taxes9903€13k€95k▲
Income taxes67/77€4k€27k▲
Profit (loss) for the period9904€9k€68k▲
Profit (loss) for the period to be appropriated9905€9k€68k▲
Appropriation of the result
Profit (loss) to be appropriated9906€36k€93k▲
Profit (loss) brought forward from the previous period14P€26k€25k▼
Transfer to equity691/2-€66k
To other reserves6921-€66k
Profit to be distributed694/7€2k€2k=
Return on contributions (dividend)694€2k€2k=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €68k ▲647%
Operating result €104k, net result €68k, both a record.
31-12
Financial
Equity above €150kEq €167k ▲53%
6 profitable years in a row build equity to €167k.
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 79 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €101k ▲190%
4 profitable years in a row build equity to €101k.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 59 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Erpe-Mere · 1 establishment unit since 2010
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.
Oudenaardsesteenweg 3839420 Erpe-MereGround area
647 m²
Building footprint
238 m²
Volume, LiDAR
1,039 m³
Parcel 41040A0541/00Z000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SAVANCA BVBA
since 20102.193.429.623
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41040A0541/00Z000 | Flanders | 647 m² | 1 · 238 m² | 6.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 2,082 EUR awarded · 2,082 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 882 EUR | 2,082 EUR |
| 2024 | 1 | 1,200 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
MARQUET S.R.L.
BE 0407.909.447
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LETTRE AGE
BE 0439.525.311
Verviers · Eq €166,537
MATIZ
BE 0479.527.913
Bree · Eq €167,029
TRIAKON
BE 0558.916.572
Mortsel · Eq €167,567
IMPRIMERIE VERVINCKT RAYMOND
BE 0430.801.348
Liège · Eq €167,609
Of 1,600 companies in sector 18120 we hold annual accounts for 808. 621 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
Founded09-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
96301Funeral services
47242Retail sale of chocolate and confectionery
74209Other photographic activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.