Save wHealth
ActiveFrom the official registers: KBO 3 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of Save wHealth is 2.0% (moderate). The 2025 annual accounts show negative equity (-€933,091) and a net result of -€281,239. Equity has been shrinking by about 37% per year since 2023. Its solvency ranks better than 5% of 11,235 sector peers (NACE 68, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
KBO- Status
- Active since 12-08-2022 Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding land NACE 68203and 1 other
- Establishment units
- 2.334.351.718 3920 Lommel, since 12-08-2022
- 2.350.619.113 2400 Mol, since 30-09-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 01-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.0%
- Gross margin
- -€209,657
- ▼ 63.2%
- Loss
- €281,239
- ▲ 36.8%
- Equity
- -€933,091
- ▼ 43.1%
- Total assets
- €377,515
- ▼ 4.5%
Score breakdownraises riskLiquidity: current ratio 0.13Loss of €281,239, the second in a row (financial year 2025)lowers riskSector: Real estate activities (NACE 68)Size: total assets €377,515Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 5% of them on solvency, 0% on liquidity, 4% on profitability and 13% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 29 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is a loss of €241,855, larger than the loss of €185,197 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as Save wHealth: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €281,000 and €503,000, founded between 2022 and 2023.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| Save wHealth Lommel | 2022 | €377,515 | -€933,091 | -€209,657 | -€281,239 | 2025 |
| ELAMNI Nijlen | 2022 | €398,052 | -€34,827 | -€3,042 | -€32,623 | 2024 |
| Wittemoere Evergem | 2023 | €399,410 | -€30,997 | -€7,152 | -€37,963 | 2025 |
| KLUG IMMO Fleurus | 2023 | €374,757 | €84,455 | -€2,483 | -€16,136 | 2025 |
| LIBOU Kortrijk | 2023 | €425,020 | €86,009 | -€17,295 | -€27,170 | 2025 |
| Raabta Immo Riemst | 2022 | €502,618 | -€143,263 | €1,032 | -€39,237 | 2025 |
| DBT Real Estate Herk-de-Stad | 2023 | €280,893 | €36,944 | -€6,309 | -€28,056 | 2025 |
They were chosen from the 6,621 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 7,639 companies had the same profile as Save wHealth has now. Two years later, 8.8% had gone bankrupt and 84.9% were still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Save wHealth itself: 2.0% within 12 months.
Test of the method
The method was tested on the 497,445 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 7,639 companies, not a prediction for Save wHealth. 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €147,555 | €7,216 | €7,102 | ▼ 1.6% |
| Other operating charges640/8 | €4,459 | €49,483 | €25,096 | ▼ 49.3% |
| Gross operating margin9900 | -€334,687 | -€128,498 | -€209,657 | ▼ 63.2% |
| Operating profit (loss)9901 | -€486,700 | -€185,197 | -€241,855 | ▼ 30.6% |
| Financial income75/76B | €3,296 | €1,058 | - | - |
| Recurring financial income75 | €3,296 | €1,058 | - | - |
| Financial charges65/66B | €24,345 | €21,462 | €39,384 | ▲ 83.5% |
| Recurring financial charges65 | €24,345 | €21,462 | €39,384 | ▲ 83.5% |
| Profit (loss) for the period before taxes9903 | -€507,750 | -€205,601 | -€281,239 | ▼ 36.8% |
| Profit (loss) for the period9904 | -€507,750 | -€205,601 | -€281,239 | ▼ 36.8% |
| Profit (loss) for the period to be appropriated9905 | -€507,750 | -€205,601 | -€281,239 | ▼ 36.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.5m | €0.4m | €0.4m | ▼ 4.5% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | ▼ 3.8% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | ▼ 3.4% |
| Land and buildings22 | €0.2m | €0.2m | €0.2m | ▼ 1.8% |
| Furniture and vehicles24 | €0.02m | €0.02m | €0.02m | ▼ 18.8% |
| Financial fixed assets28 | €0.001m | €0.001m | - | - |
| Current assets29/58 | €0.3m | €0.2m | €0.2m | ▼ 5.3% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.2m | ▼ 5.3% |
| Trade receivables40 | €0.08m | €0.1m | €0.2m | ▲ 27.0% |
| Other amounts receivable41 | €0.2m | €0.05m | €0.007m | ▼ 85.9% |
| Cash at bank and in hand54/58 | €0.05m | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.5m | €0.4m | €0.4m | ▼ 4.5% |
| Equity10/15 | -€0.4m | -€0.7m | -€0.9m | ▼ 43.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | = |
| Capital10 | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | €0.06m | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | -€0.5m | -€0.7m | -€1.0m | ▼ 39.4% |
| Amounts payable17/49 | €0.9m | €1.0m | €1.3m | ▲ 25.2% |
| Amounts payable within one year42/48 | €0.9m | €1.0m | €1.3m | ▲ 25.2% |
| Financial debts43 | €0.05m | €0.001m | €0.006m | ▲ 577% |
| Credit institutions430/8 | €0.05m | €0.001m | €0.006m | ▲ 577% |
| Trade debts44 | €0.4m | €0.6m | €0.8m | ▲ 34.2% |
| Suppliers440/4 | €0.4m | €0.6m | €0.8m | ▲ 34.2% |
| Other amounts payable47/48 | €0.5m | €0.4m | €0.5m | ▲ 10.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€507,750 | -€205,601 | -€281,239 | ▼ 36.8% |
| + Depreciation and write-downs630 | €147,555 | €7,216 | €7,102 | ▼ 1.6% |
| Operating cash flow (approximation) | -€360,195 | -€198,385 | -€274,138 | ▼ 38.2% |
| Investment in fixed assets (approximation) | - | €0 | €1,000 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- Schutjes, Alain Marie Emiel 100 shares (100%) · €61,500 in cash
Capital transactions
- 17-08-2022 Incorporation · €61,500 · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Geheel bestuursbevoegdheden, enige bestuurder”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Alle verrichtingen in wet tenzij algemene vergadering anders bij gewone meerderheid, bestuursorgaan in functie bij gebrek benoeming”
Articles of association, deed of 17-08-2022 (in Dutch)
Network & group
Save wHealth shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Save wHealth. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
17-08
Gazette deed
IncorporationAppointment: Schutjes, Alain Marie Emiel (eerste enige bestuurder) · Founder · Founding capital4 points ▸
- Incorporation, “Save wHealth” (deed in Dutch)
- Founder, Schutjes, Alain Marie Emiel
- Founding capital, €61,500
- Director appointment, Schutjes, Alain Marie Emiel (eerste enige bestuurder)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
2 establishment units
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13433E0227/00S004 | Flanders | 2,337 m² | 1 · 1,202 m² | 1.4 m |
| 72342A0996/00M000 | Flanders | 1,945 m² | 1 · 317 m² | 6.6 m · 2 |