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SAVE GREEN

Active
Private limited companyfounded 20206 yrs activeAvenue P. Van Hoegaerden 24, 4130 Esneux, BelgiumKBO/BCE: BE 0754.534.492
Summary

The computed 12-month bankruptcy probability of SAVE GREEN is 3.9% (moderate). The 2025 annual accounts show negative equity (-€5,057) and a net result of €2,923. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 262 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability73▼-6
Solvency19▲+16
Growth32=
Track record100
Bankruptcy probability, 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.95 against 0.81 in 2024; short-term debt: 105.6% and cash: 56.1% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-5.6%
Return on assets
3.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 262 sector peers (2025).
NBB · sector comparison
Position among 262 sector peers
Solvency
better than 15%
← 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 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
3 d early
2024
8 d late
2023
20 d late
2022
1 d late
2021
1 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 5 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SAVE GREEN was incorporated on 17 September 2020 as a Private limited company.1 Total assets fell from EUR 114,249 in 2021 to EUR 91,035 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€5,057▲ 36.6%
2024 · -€7,981
Total assets
€91,035▲ 154%
2024 · €35,776
Net result
€2,923▼ 4.3%
2024 · €3,054
Working capital
-€5,104▲ 38.2%
2024 · -€8,256
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€73,474-€44,667▼ 39.2%-€27,679€7,907€8,555▲ 8.2%
Net result€53,581-€31,807▼ 40.6%-€24,422€3,054€2,923▼ 4.3%
Equity€56,581-€88,388▲ 56.2%-€11,034-€7,981▲ 27.7%-€5,057▲ 36.6%
Total assets€114,249-€135,178▲ 18.3%€94,614▼ 30.0%€35,776▼ 62.2%€91,035▲ 154%
Debt€57,668-€46,790▼ 18.9%€105,648▲ 126%€43,756▼ 58.6%€96,092▲ 120%
Working capital€55,620-€87,655▲ 57.6%-€11,538-€8,256▲ 28.4%-€5,104▲ 38.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000Operating result 2021: €73,474€73,474Net result 2021: €53,581€53,581Operating result 2022: €44,667€44,667Net result 2022: €31,807€31,807Operating result 2023: -€27,679-€27,679Net result 2023: -€24,422-€24,422Operating result 2024: €7,907€7,907Net result 2024: €3,054€3,054Operating result 2025: €8,555€8,555Net result 2025: €2,923€2,92320212022202320242025-€30,000-€20,000-€10,000€0€10,000Operating result 2023: -€27,679-€27,700Net result 2023: -€24,422-€24,400Operating result 2024: €7,907€7,910Net result 2024: €3,054€3,050Operating result 2025: €8,555€8,550Net result 2025: €2,923€2,920202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91,035
Fixed assets €46 ▼ 83.1%
Current assets €90,989 ▲ 156%
Key figures and ratios
2025 value · change against 2024
EBITDA
€8,783▲
2024 · €8,136
Cash flow
€3,152▼
2024 · €3,283
Solvency
-5.6%▲
2024 · -22.3%
Current ratio
0.95▲
2024 · 0.81
Debt to equity
-19.00▼
2024 · -5.48
ROA
3.2%▼
2024 · 8.5%
Interest coverage
31.83▼
2024 · 61.32
Debt ≤ 1 year
€96,092▲
2024 · €43,756
Income taxes
€5,367▲
2024 · €4,727
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 908 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a profit under 5% of the balance sheet
5.9% went bankrupt
3.9% stopped otherwise
89% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.9% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 908 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€35,776€91,035▲
Fixed assets21/28€275€46▼
Tangible fixed assets22/27€275€46▼
Furniture and vehicles24€275€46▼
Current assets29/58€35,501€90,989▲
Amounts receivable within one year40/41€25,577€38,380▲
Trade receivables40€635€10,291▲
Other amounts receivable41€24,942€28,088▲
Cash at bank and in hand54/58€9,924€51,084▲
Deferred charges and accrued income490/1-€1,525
Equity and liabilities
Total equity and liabilities10/49€35,776€91,035▲
Equity10/15-€7,981-€5,057▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14-€10,981-€8,057▲
Amounts payable17/49€43,756€96,092▲
Amounts payable within one year42/48€43,756€96,092▲
Trade debts44€5,818€55,110▲
Suppliers440/4€5,818€55,110▲
Taxes, remuneration and social security45€2,597€7,378▲
Taxes450/3€2,597€7,378▲
Other amounts payable47/48€35,341€33,603▼
Income statement Code20242025
Remuneration, social security and pensions62€37-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€229€229=
Other operating charges640/8€1,616€970▼
Non-recurring operating charges66A€1,909€1,054▼
Gross operating margin9900€11,699€10,807▼
Operating profit (loss)9901€7,907€8,555▲
Financial income75/76B€6€12▲
Recurring financial income75€6€12▲
Financial charges65/66B€133€276▲
Recurring financial charges65€133€276▲
Profit (loss) for the period before taxes9903€7,781€8,291▲
Income taxes67/77€4,727€5,367▲
Profit (loss) for the period9904€3,054€2,923▼
Profit (loss) for the period to be appropriated9905€3,054€2,923▼
Appropriation of the result
Profit (loss) to be appropriated9906-€10,981-€8,057▲
Profit (loss) brought forward from the previous period14P-€14,034-€10,981▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62€22,428€44€70€37--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€182€229€229€229€229=
Other operating charges640/8€3,365€2,232€1,788€1,616€970▼ 40.0%
Non-recurring operating charges66A---€1,909€1,054▼ 44.8%
Gross operating margin9900€99,449€47,172-€25,592€11,699€10,807▼ 7.6%
Operating profit (loss)9901€73,474€44,667-€27,679€7,907€8,555▲ 8.2%
Financial income75/76B€22€48€17€6€12▲ 88.7%
Recurring financial income75€22€48€17€6€12▲ 88.7%
Financial charges65/66B€124€100€214€133€276▲ 108%
Recurring financial charges65€124€100€214€133€276▲ 108%
Profit (loss) for the period before taxes9903€73,371€44,615-€27,876€7,781€8,291▲ 6.6%
Income taxes67/77€19,790€12,808-€3,454€4,727€5,367▲ 13.5%
Profit (loss) for the period9904€53,581€31,807-€24,422€3,054€2,923▼ 4.3%
Profit (loss) for the period to be appropriated9905€53,581€31,807-€24,422€3,054€2,923▼ 4.3%
Line20212022202320242025Change
Assets
Total assets20/58€114,249€135,178€94,614€35,776€91,035▲ 154%
Fixed assets21/28€961€733€504€275€46▼ 83.1%
Tangible fixed assets22/27€961€733€504€275€46▼ 83.1%
Furniture and vehicles24€961€733€504€275€46▼ 83.1%
Current assets29/58€113,288€134,445€94,110€35,501€90,989▲ 156%
Amounts receivable within one year40/41€87,424€68,817€88,318€25,577€38,380▲ 50.1%
Trade receivables40€37,839€1,524€34,954€635€10,291▲ 1,521%
Other amounts receivable41€49,586€67,293€53,364€24,942€28,088▲ 12.6%
Cash at bank and in hand54/58€25,674€65,326€5,582€9,924€51,084▲ 415%
Deferred charges and accrued income490/1€189€302€209-€1,525-
Equity and liabilities
Total equity and liabilities10/49€114,249€135,178€94,614€35,776€91,035▲ 154%
Equity10/15€56,581€88,388-€11,034-€7,981-€5,057▲ 36.6%
Contributions10/11€3,000€3,000€3,000€3,000€3,000=
Outside capital11-€3,000€3,000---
Other1109/19-€3,000€3,000---
Profit (loss) carried forward14€53,581€85,388-€14,034-€10,981-€8,057▲ 26.6%
Amounts payable17/49€57,668€46,790€105,648€43,756€96,092▲ 120%
Amounts payable within one year42/48€57,668€46,790€105,648€43,756€96,092▲ 120%
Trade debts44€37,878€14,191€9,221€5,818€55,110▲ 847%
Suppliers440/4€37,878€14,191€9,221€5,818€55,110▲ 847%
Taxes, remuneration and social security45€19,790€32,599€17,699€2,597€7,378▲ 184%
Taxes450/3€19,790€32,599€17,699€2,597€7,378▲ 184%
Other amounts payable47/48--€78,727€35,341€33,603▼ 4.9%
Line20212022202320242025Change
Profit (loss) for the period9904€53,581€31,807-€24,422€3,054€2,923▼ 4.3%
+ Depreciation and write-downs630€182€229€229€229€229=
Operating cash flow (approximation)€53,764€32,035-€24,193€3,283€3,152▼ 4.0%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€39,652-€59,744€4,342€41,160▲ 848%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
06-03
State Gazette act Restructuring
Merger · Accounting effect · Net-asset statement6 facts ▸
  • Merger, fusion simplifiée mère-fille
  • Accounting effect, 01-01-2026
  • Net-asset statement, 31-12-2025
  • Net-asset statement, 31-12-2025
  • Shareholding, 100
  • Intercompany elimination, EUR, 8732.59
2025
08-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial Back to profitnet €3,054
Net result €3,054 after one loss-making year.
20-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial Weakest financial yearnet -€24,422
Net result drops to -€24,422, the lowest in the series; recovery starts the following year.
01-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
01-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts

Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Esneux · 1 establishment unit since 2020
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.

Avenue P. Van Hoegaerden 244130 Esneux
1 establishment unit
SAVE GREEN
Avenue P. Van Hoegaerden 24, 4130 EsneuxElectricity, gas, steam and air conditioning supply
since 20202.310.577.909

Structure & network

Owners and holdings

1 holding

Owners 0

No owner stated in the accounts, acts or LEI register we read.

Holdings 1

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Acquisitions and mergers

1 transaction
Took over:FIRST-ONE SRL
BE 0765.713.446merger by absorption · proposal · State Gazette act of 06-03-2026 (2 acts)

Similar companies · same sector, comparable size

Of 2,158 companies in sector 61200 we hold annual accounts for 696. 472 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded17-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
61200Telecommunications resale and intermediation services
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0754534492
Also 9925:BE0754534492
Registered 05-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.