SAVARO
InactiveFinancials · financial year 2024, abbreviated format
2024 annual accounts filed late (25 days) Filed on 25 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00405872.
Equity
€71,299▼ 33.2%
2023 · €106,758
Total assets
€123,575▼ 33.8%
2023 · €186,687
Net result
-€35,459
2023 · €19,167
Working capital
€64,392▼ 44.7%
2023 · €116,394
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result turns negative in 2024: a loss of €15,897 after €28,254 in 2023, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€15,897
2024
Net result-€35,459
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€123,575
2024
Equity€71,299
2024
Debt€52,276
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€64,392
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)2.8
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€23,463-€11,594▼ 50.6%€18,937▲ 63.3%€66,557▲ 251%€28,254▼ 57.5%-€15,897
Net result€18,937-€9,594▼ 49.3%€13,385▲ 39.5%€43,824▲ 227%€19,167▼ 56.3%-€35,459
Equity€20,788-€30,381▲ 46.2%€43,767▲ 44.1%€87,591▲ 100%€106,758▲ 21.9%€71,299▼ 33.2%
Total assets€83,963-€93,386▲ 11.2%€90,587▼ 3.0%€124,475▲ 37.4%€186,687▲ 50.0%€123,575▼ 33.8%
Debt€63,176-€63,004▼ 0.3%€46,820▼ 25.7%€36,884▼ 21.2%€79,929▲ 117%€52,276▼ 34.6%
Working capital-€22,638--€14,892▲ 34.2%€62,084€96,140▲ 54.9%€116,394▲ 21.1%€64,392▼ 44.7%
Staff (FTE)2.3-1.32.4▲ 84.6%2.8▲ 16.7%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €123,575
Fixed assets
€6,982 ▲ 583%
Current assets
€116,592 ▼ 37.2%
Equity and liabilities €123,575
Equity
€71,299 ▼ 33.2%
Debt
€52,276 ▼ 34.6%
Debt's share of the balance-sheet total falls from 42.8% to 42.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€14,496▼
2023 · €29,342
Cash flow
-€34,058▼
2023 · €20,255
Current ratio
2.23▼
2023 · 2.68
Quick ratio
2.14▼
2023 · 2.62
Debt to equity
0.73▼
2023 · 0.75
ROE
-49.7%▼
2023 · 18.0%
ROA
-28.7%▼
2023 · 10.3%
Interest coverage
-2.71▲
2023 · -132.29
Debt ≤ 1 year
€52,200▼
2023 · €69,270
Debt > 1 year
€0▼
2023 · €10,659
Income taxes
€16,185▲
2023 · €9,309
Staff costs
€95,983▲
2023 · €80,519
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €950 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €71,143 | €80,519 | €95,983 | ▲ 19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,643 | €2,475 | €1,811 | €1,882 | €1,088 | €1,402 | ▲ 28.8% |
| Other operating charges640/8 | - | - | - | €1,614 | €2,433 | €567 | ▼ 76.7% |
| Gross operating margin9900 | €99,500 | €65,634 | €50,631 | €141,197 | €112,293 | €82,055 | ▼ 26.9% |
| Operating profit (loss)9901 | €23,463 | €11,594 | €18,937 | €66,557 | €28,254 | -€15,897 | - |
| Financial income75/76B | - | - | - | - | - | €1,968 | - |
| Recurring financial income75 | €409 | €243 | - | - | - | €1,968 | - |
| Financial charges65/66B | - | - | - | €38 | -€222 | €5,345 | - |
| Recurring financial charges65 | €3,013 | €1,760 | €654 | €38 | -€222 | €5,345 | - |
| Profit (loss) for the period before taxes9903 | €20,860 | €10,077 | €18,283 | €66,519 | €28,475 | -€19,274 | - |
| Income taxes67/77 | €1,922 | €483 | €4,898 | €22,695 | €9,309 | €16,185 | ▲ 73.9% |
| Profit (loss) for the period9904 | €18,937 | €9,594 | €13,385 | €43,824 | €19,167 | -€35,459 | - |
| Profit (loss) for the period to be appropriated9905 | €18,937 | €9,594 | €13,385 | €43,824 | €19,167 | -€35,459 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €83,963 | €93,386 | €90,587 | €124,475 | €186,687 | €123,575 | ▼ 33.8% |
| Fixed assets21/28 | €71,481 | €73,832 | €2,511 | €2,110 | €1,022 | €6,982 | ▲ 583% |
| Tangible fixed assets22/27 | €5,901 | €3,426 | €2,511 | €2,110 | €1,022 | €6,982 | ▲ 583% |
| Plant, machinery and equipment23 | - | - | - | €2,110 | €1,022 | €5,171 | ▲ 406% |
| Other tangible fixed assets26 | - | - | - | - | - | €1,812 | - |
| Financial fixed assets28 | €65,580 | €70,406 | - | - | - | - | - |
| Current assets29/58 | €12,483 | €19,554 | €88,076 | €122,365 | €185,664 | €116,592 | ▼ 37.2% |
| Stocks and contracts in progress3 | €5,587 | €5,587 | €4,865 | €4,865 | €4,506 | €4,674 | ▲ 3.7% |
| Stocks30/36 | - | - | - | €4,865 | €4,506 | €4,674 | ▲ 3.7% |
| Amounts receivable within one year40/41 | €1,118 | €4,167 | €74,399 | €82,409 | €137,710 | €90,685 | ▼ 34.1% |
| Trade receivables40 | - | - | - | - | €67,886 | €668 | ▼ 99.0% |
| Other amounts receivable41 | - | - | - | €82,409 | €69,824 | €90,016 | ▲ 28.9% |
| Cash at bank and in hand54/58 | €4,060 | €9,177 | €8,811 | €35,090 | €43,448 | €19,851 | ▼ 54.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €1,382 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €83,963 | €93,386 | €90,587 | €124,475 | €186,687 | €123,575 | ▼ 33.8% |
| Equity10/15 | €20,788 | €30,381 | €43,767 | €87,591 | €106,758 | €71,299 | ▼ 33.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2,188 | €11,781 | €25,167 | €68,991 | €88,158 | €76,576 | ▼ 13.1% |
| Non-distributable reserves130/1 | - | - | - | €200 | €200 | €200 | = |
| Reserves not available under the articles1311 | - | - | - | €200 | €200 | €200 | = |
| Distributable reserves133 | - | - | - | €68,791 | €87,958 | €76,376 | ▼ 13.2% |
| Profit (loss) carried forward14 | - | - | - | - | - | -€23,878 | - |
| Amounts payable17/49 | €63,176 | €63,004 | €46,820 | €36,884 | €79,929 | €52,276 | ▼ 34.6% |
| Amounts payable after more than one year17 | €26,523 | €27,120 | €20,828 | €10,659 | €10,659 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €10,659 | €10,659 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €35,121 | €34,446 | €25,992 | €26,225 | €69,270 | €52,200 | ▼ 24.6% |
| Financial debts43 | - | - | - | - | - | €9,861 | - |
| Other loans439 | - | - | - | - | - | €9,861 | - |
| Trade debts44 | €12,703 | €30,847 | €13,262 | €1,075 | €52,904 | €5,530 | ▼ 89.5% |
| Suppliers440/4 | - | - | - | €1,075 | €52,904 | €5,530 | ▼ 89.5% |
| Taxes, remuneration and social security45 | - | - | - | €12,204 | €16,366 | €24,886 | ▲ 52.1% |
| Taxes450/3 | - | - | - | €12,204 | €16,366 | €10,604 | ▼ 35.2% |
| Remuneration and social security454/9 | - | - | - | - | - | €14,282 | - |
| Other amounts payable47/48 | - | - | - | €12,946 | - | €11,924 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €76 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,937 | €9,594 | €13,385 | €43,824 | €19,167 | -€35,459 | - |
| + Depreciation and write-downs630 | €4,643 | €2,475 | €1,811 | €1,882 | €1,088 | €1,402 | ▲ 28.8% |
| Operating cash flow (approximation) | €23,581 | €12,069 | €15,197 | €45,706 | €20,255 | -€34,058 | - |
| Investment in fixed assets (approximation) | - | -€4,826 | €69,510 | -€1,482 | €0 | -€7,361 | - |
| Change in cash | - | €5,117 | -€365 | €26,279 | €8,358 | -€23,597 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 25-08-2025 | 2025-00405872 |
| 31-12-2023 | micro format | 13-08-2024 | 2024-00342754 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00417806 |
| 30-06-2021 | micro format | 23-12-2021 | 2021-81600353 |
| 30-06-2020 | micro format | 31-12-2020 | 2020-77800240 |
| 30-06-2019 | abbreviated format | 28-01-2020 | 2020-02300228 |
| 30-06-2018 | abbreviated format | 23-01-2019 | 2019-01900433 |
| 30-06-2017 | abbreviated format | 18-12-2017 | 2017-72000119 |
| 30-06-2016 | abbreviated format | 21-12-2016 | 2016-70700091 |
| 30-06-2015 | abbreviated format | 30-12-2015 | 2015-70700124 |
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €4,000 awarded · €4,000 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €2,000 | €2,000 |
| 2022 | 1 | €2,000 | €2,000 |
Schemes
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.