SAVARIN
ActiveSummary
The annual accounts of SAVARIN for fiscal year 2024 show a net loss of 64% of the equity at the start of that year. The 2024 annual accounts show equity of €12,187 and a net result of -€21,824. Equity is shrinking by ~10.6% per year across the filed fiscal years. The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
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Signals
This company filed its last 6 accounts on average 48 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
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Peer companies
Historical observationOf the 542 companies that looked in July 2024 the way this one looks now, 4.4% went bankrupt within 24 months and 86% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
A further 1.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 542 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10,202 | €5,030 | €2,571 | €120 | ▼ 95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,984 | €6,984 | €6,984 | €8,621 | €8,839 | ▲ 2.5% |
| Other operating charges640/8 | - | €3,392 | €3,351 | €3,736 | €3,892 | ▲ 4.2% |
| Gross operating margin9900 | €14,110 | €6,780 | €5,970 | €6,710 | -€8,632 | ▼ 229% |
| Operating profit (loss)9901 | €3,877 | -€3,597 | -€4,366 | -€5,647 | -€21,363 | ▼ 278% |
| Financial income75/76B | - | €9 | €5 | - | €3 | - |
| Recurring financial income75 | - | €9 | €5 | - | €3 | - |
| Financial charges65/66B | - | €297 | €196 | €245 | €463 | ▲ 88.9% |
| Recurring financial charges65 | €904 | €297 | €196 | €245 | €463 | ▲ 88.9% |
| Profit (loss) for the period before taxes9903 | €2,974 | -€3,884 | -€4,557 | -€5,893 | -€21,824 | ▼ 270% |
| Profit (loss) for the period9904 | €2,974 | -€3,884 | -€4,557 | -€5,893 | -€21,824 | ▼ 270% |
| Profit (loss) for the period to be appropriated9905 | €2,974 | -€3,884 | -€4,557 | -€5,893 | -€21,824 | ▼ 270% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €181,359 | €183,247 | €177,337 | €171,057 | €159,547 | ▼ 6.7% |
| Fixed assets21/28 | €176,979 | €169,994 | €163,010 | €162,573 | €155,912 | ▼ 4.1% |
| Tangible fixed assets22/27 | €176,979 | €169,994 | €163,010 | €162,573 | €155,912 | ▼ 4.1% |
| Land and buildings22 | - | €169,994 | €163,010 | €162,573 | €153,952 | ▼ 5.3% |
| Plant, machinery and equipment23 | - | - | - | - | €1,960 | - |
| Current assets29/58 | €4,381 | €13,252 | €14,327 | €8,484 | €3,635 | ▼ 57.2% |
| Amounts receivable within one year40/41 | €3,012 | €3,038 | €3,038 | €1,538 | €3,038 | ▲ 97.5% |
| Other amounts receivable41 | - | €3,038 | €3,038 | €1,538 | €3,038 | ▲ 97.5% |
| Cash at bank and in hand54/58 | €1,368 | €9,678 | €11,289 | €6,946 | €597 | ▼ 91.4% |
| Deferred charges and accrued income490/1 | - | €536 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €181,359 | €183,247 | €177,337 | €171,057 | €159,547 | ▼ 6.7% |
| Equity10/15 | €48,344 | €44,460 | €39,904 | €34,011 | €12,187 | ▼ 64.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Outside capital11 | - | - | - | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €27,884 | €24,000 | €19,444 | €13,551 | -€8,273 | ▼ 161% |
| Amounts payable17/49 | €133,015 | €138,786 | €137,434 | €137,046 | €147,360 | ▲ 7.5% |
| Amounts payable after more than one year17 | €107,967 | €100,000 | €100,004 | €100,008 | €100,258 | ▲ 0.2% |
| Financial debts170/4 | - | €100,000 | €100,004 | €100,008 | €100,258 | ▲ 0.2% |
| Amounts payable within one year42/48 | €25,048 | €36,486 | €35,130 | €37,038 | €47,103 | ▲ 27.2% |
| Current portion of amounts payable after more than one year42 | - | €5,500 | €5,500 | €5,500 | €5,500 | = |
| Trade debts44 | €319 | €412 | €543 | €2,271 | €778 | ▼ 65.7% |
| Suppliers440/4 | - | €412 | €543 | €2,271 | €778 | ▼ 65.7% |
| Taxes, remuneration and social security45 | - | - | €120 | - | - | - |
| Taxes450/3 | - | - | €120 | - | - | - |
| Other amounts payable47/48 | - | €30,574 | €28,967 | €29,268 | €40,825 | ▲ 39.5% |
| Accrued charges and deferred income492/3 | - | €2,300 | €2,300 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,974 | -€3,884 | -€4,557 | -€5,893 | -€21,824 | ▼ 270% |
| + Depreciation and write-downs630 | €6,984 | €6,984 | €6,984 | €8,621 | €8,839 | ▲ 2.5% |
| Operating cash flow (approximation) | €9,958 | €3,100 | €2,428 | €2,729 | -€12,985 | ▼ 576% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€8,185 | -€2,178 | ▲ 73.4% |
| Change in cash | - | €8,309 | €1,612 | -€4,344 | -€6,349 | ▼ 46.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41026B0881/00R002 | Flanders | 859 m² | 1 · 159 m² | 5.8 m · 1 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
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