Summary
SAVEC is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.0m and a net result of €159,079. Equity has been growing by about 20% per year since 2018. Its solvency ranks better than 29% of 9,754 sector peers (NACE 64, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-02-2011 Normal situation
- Activity
- Activities of holding companies NACE 64210and 1 other
- Establishment unit
- 2.199.114.516 2330 Merksplas, since 24-02-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
Board
- De Keyser SvenDirector · since 24-02-2011
- Van Nijlen AnneliesDirector · since 25-11-2019
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €159,079
- ▼ 37.5%
- Equity
- €1.0m
- ▲ 18.8%
- Total assets
- €3.9m
- ▲ 4.5%
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
neutral
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
29 days early
2023
30 days early
2022
32 days early
2021
31 days early
2020
36 days early
2019
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 18-06-2026 at the NBB all 15 filings
Equity
€1.0m▲ 18.8%
2024 · €845,658
Net result
€159,079▼ 37.5%
2024 · €254,443
Total assets
€3.9m▲ 4.5%
2024 · €3.7m
Solvency
25.7%▲ 3.1pp
2024 · 22.6%
In the rankings
#5 company by total assets in Merksplas, Finance and insurance sector#5 company by equity in Merksplas, Finance and insurance sector#10 oldest company in Merksplas, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€231,016
▼ 30.1%
2025
20182025
Net result
€159,079
▼ 37.5%
2025
highest quarter of the sector
20182025
Equity
€1.0m
▲ 18.8%
2025
highest quarter of the sector
20182025
Total assets
€3.9m
▲ 4.5%
2025
highest quarter of the sector
20182025
Debt
€2.9m
▲ 0.4%
2025
20182025
Working capital
-€2.6m
▲ 5.0%
2025
lowest quarter of the sector
20182025
Solvency
25.7%
▲ 3.1pp
2025
middle half of the sector
20182025
Current ratio
0.09
▲ 0.06
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
4.1%
▼ 2.7pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.09m-€0.07m▼ 21.1%€0.09m▲ 33.0%€0.04m▼ 58.6%€0.1m▲ 167%€0.2m▲ 74.0%€0.3m▲ 89.0%€0.2m▼ 30.1%
Net result€0.06m-€0.05m▼ 22.2%€0.06mwithin the sector's middle half▲ 36.5%€0.02mwithin the sector's middle half▼ 62.9%€0.07mwithin the sector's middle half▲ 198%€0.1mabove the sector's middle half▲ 77.0%€0.3mabove the sector's middle half▲ 109%€0.2mabove the sector's middle half▼ 37.5%
Equity€0.3m-€0.3m▲ 16.8%€0.4mwithin the sector's middle half▲ 19.7%€0.4mabove the sector's middle half▲ 6.1%€0.5mabove the sector's middle half▲ 17.1%€0.6mabove the sector's middle half▲ 25.9%€0.8mabove the sector's middle half▲ 43.0%€1.0mabove the sector's middle half▲ 18.8%
Total assets€0.8m-€1.0m▲ 22.9%€0.9mabove the sector's middle half▼ 4.4%€2.5mabove the sector's middle half▲ 166%€2.6mabove the sector's middle half▲ 2.8%€2.7mabove the sector's middle half▲ 4.4%€3.7mabove the sector's middle half▲ 37.8%€3.9mabove the sector's middle half▲ 4.5%
Debt€0.5m-€0.7m▲ 26.0%€0.6m▼ 15.6%€2.1m▲ 272%€2.1m▲ 0.1%€2.1m▼ 0.3%€2.8m▲ 34.2%€2.9m▲ 0.4%
Working capital-€0.3m--€0.4m▼ 72.8%-€0.4mbelow the sector's middle half▲ 17.9%-€1.6mbelow the sector's middle half▼ 343%-€1.6mbelow the sector's middle half▼ 0.9%-€1.8mbelow the sector's middle half▼ 13.1%-€2.7mbelow the sector's middle half▼ 48.7%-€2.6mbelow the sector's middle half▲ 5.0%
Solvency33.5%-31.8%▼ 1.7pp39.8%within the sector's middle half▲ 8.0pp15.9%below the sector's middle half▼ 23.9pp18.1%below the sector's middle half▲ 2.2pp21.8%below the sector's middle half▲ 3.7pp22.6%below the sector's middle half▲ 0.8pp25.7%within the sector's middle half▲ 3.1pp
Current ratio0.40-0.23▼ 0.160.25below the sector's middle half▲ 0.010.22below the sector's middle half▼ 0.030.22below the sector's middle half=0.12below the sector's middle half▼ 0.100.03below the sector's middle half▼ 0.080.09below the sector's middle half▲ 0.06
Return on assets (ROA)7.2%-4.6%▼ 2.7pp6.5%within the sector's middle half▲ 2.0pp0.9%below the sector's middle half▼ 5.6pp2.6%within the sector's middle half▲ 1.7pp4.5%within the sector's middle half▲ 1.8pp6.8%within the sector's middle half▲ 2.3pp4.1%within the sector's middle half▼ 2.7pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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 operating result for 2025 is 30% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.9m
Fixed assets
€3.7m ▲ 0.2%
Current assets
€252,183 ▲ 176%
Equity and liabilities €3.9m
Equity
€1.0m ▲ 18.8%
Provisions
€43,919 ▼ 3.4%
Debt
€2.9m ▲ 0.4%
Debt's share of the balance-sheet total falls from 76.2% to 73.2%. Equity and debt are higher.
Key figures and ratios
ROE
15.8%▼
2024 · 30.1%
Debt ≤ 1 year
€2.8m▲
2024 · €2.8m
Debt > 1 year
€28,989▼
2024 · €42,737
Income taxes
€71,355▲
2024 · €28,376
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 |
| Mortgage mandates | - | €150,000 | - | - | - |
| Carrying value of the mortgaged assets | €209,032 | €203,127 | €197,222 | €191,318 | €185,413 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.4m | €133,803 | €368,211 | €1.5m | €98,209 |
| Depreciation and write-downs of the year | €126,888 | €58,031 | €49,064 | €136,174 | €90,406 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €228,701 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,888 | €46,369 | €35,128 | €126,888 | €58,031 | €49,064 | €136,174 | €90,406 | ▼ 33.6% |
| Other operating charges640/8 | - | - | - | €1,199 | €1,509 | €1,203 | €1,255 | €1,194 | ▼ 4.9% |
| Gross operating margin9900 | €117,618 | €115,812 | €127,059 | €165,695 | €160,119 | €225,272 | €468,146 | €322,616 | ▼ 31.1% |
| Operating profit (loss)9901 | €86,618 | €68,326 | €90,901 | €37,607 | €100,580 | €175,004 | €330,717 | €231,016 | ▼ 30.1% |
| Financial income75/76B | - | - | - | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €4,466 | €4,012 | €2,897 | €2,454 | €2,107 | ▼ 14.1% |
| Recurring financial charges65 | €4,883 | €4,513 | €4,120 | €4,466 | €4,012 | €2,897 | €2,454 | €2,107 | ▼ 14.1% |
| Profit (loss) for the period before taxes9903 | €81,735 | €63,813 | €86,782 | €33,142 | €96,567 | €172,108 | €328,263 | €228,909 | ▼ 30.3% |
| Transfer from deferred taxes780 | - | - | - | - | - | - | €296 | €1,525 | ▲ 415% |
| Transfer to deferred taxes680 | - | - | - | - | - | - | €45,740 | - | - |
| Income taxes67/77 | €23,283 | €18,349 | €24,708 | €10,112 | €27,896 | €50,544 | €28,376 | €71,355 | ▲ 151% |
| Profit (loss) for the period9904 | €58,452 | €45,464 | €62,073 | €23,030 | €68,671 | €121,564 | €254,443 | €159,079 | ▼ 37.5% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €1,184 | €6,099 | ▲ 415% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €182,960 | - | - |
| Profit (loss) for the period to be appropriated9905 | €58,452 | €45,464 | €62,073 | €23,030 | €68,671 | €121,564 | €72,667 | €165,177 | ▲ 127% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €1.0m | €0.9m | €2.5m | €2.6m | €2.7m | €3.7m | €3.9m | ▲ 4.5% |
| Fixed assets21/28 | €0.6m | €0.9m | €0.8m | €2.1m | €2.2m | €2.5m | €3.6m | €3.7m | ▲ 0.2% |
| Tangible fixed assets22/27 | €0.6m | €0.9m | €0.8m | €2.1m | €2.2m | €2.5m | €3.6m | €3.7m | ▲ 0.2% |
| Land and buildings22 | - | - | - | €2.1m | €2.2m | €2.1m | €3.6m | €3.6m | ▼ 2.3% |
| Furniture and vehicles24 | - | - | - | €0.01m | - | - | - | €0.09m | - |
| Assets under construction and advance payments27 | - | - | - | - | - | €0.4m | - | - | - |
| Current assets29/58 | €0.2m | €0.1m | €0.1m | €0.5m | €0.4m | €0.2m | €0.09m | €0.3m | ▲ 176% |
| Amounts receivable within one year40/41 | €13 | €0.002m | - | €0.01m | €0.001m | €0.004m | €0.01m | €0.02m | ▲ 19.0% |
| Trade receivables40 | - | - | - | - | €0.001m | €0.004m | €0.006m | €0.009m | ▲ 38.9% |
| Other amounts receivable41 | - | - | - | €0.01m | - | - | €0.007m | €0.007m | = |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.1m | €0.4m | €0.4m | €0.2m | €0.08m | €0.2m | ▲ 204% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.003m | €346 | €0.002m | €0.006m | ▲ 135% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €1.0m | €0.9m | €2.5m | €2.6m | €2.7m | €3.7m | €3.9m | ▲ 4.5% |
| Equity10/15 | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | €0.6m | €0.8m | €1.0m | ▲ 18.8% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Capital10 | - | - | - | €0.02m | €0.02m | - | - | - | - |
| Issued capital100 | - | - | - | €0.02m | €0.02m | - | - | - | - |
| Reserves13 | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | €0.6m | €0.8m | €1.0m | ▲ 19.4% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | - | - | - | - | €0.2m | €0.2m | ▼ 3.4% |
| Distributable reserves133 | - | - | - | €0.4m | €0.4m | €0.6m | €0.6m | €0.8m | ▲ 25.9% |
| Provisions and deferred taxes16 | - | - | - | - | - | - | €0.05m | €0.04m | ▼ 3.4% |
| Deferred taxes168 | - | - | - | - | - | - | €0.05m | €0.04m | ▼ 3.4% |
| Amounts payable17/49 | €0.5m | €0.7m | €0.6m | €2.1m | €2.1m | €2.1m | €2.8m | €2.9m | ▲ 0.4% |
| Amounts payable after more than one year17 | €0.1m | €0.1m | €0.09m | €0.08m | €0.07m | €0.06m | €0.04m | €0.03m | ▼ 32.2% |
| Financial debts170/4 | - | - | - | €0.08m | €0.07m | €0.06m | €0.04m | €0.03m | ▼ 32.2% |
| Amounts payable within one year42/48 | €0.4m | €0.6m | €0.5m | €2.0m | €2.1m | €2.1m | €2.8m | €2.8m | ▲ 1.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 3.6% |
| Trade debts44 | €183 | €0.2m | €225 | €260 | €0.002m | - | €0.001m | €0.001m | ▼ 20.2% |
| Suppliers440/4 | - | - | - | €260 | €0.002m | - | €0.001m | €0.001m | ▼ 20.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.007m | €0.02m | €0.02m | €0.008m | €0.03m | ▲ 299% |
| Taxes450/3 | - | - | - | €0.007m | €0.02m | €0.02m | €0.008m | €0.03m | ▲ 299% |
| Other amounts payable47/48 | - | - | - | €2.0m | €2.0m | €2.0m | €2.8m | €2.8m | = |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.007m | €0.006m | €0.01m | €0.009m | ▼ 17.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.06m | €0.05m | €0.06m | €0.02m | €0.07m | €0.1m | €0.3m | €0.2m | ▼ 37.5% |
| + Depreciation and write-downs630 | €0.03m | €0.05m | €0.04m | €0.1m | €0.06m | €0.05m | €0.1m | €0.09m | ▼ 33.6% |
| Operating cash flow (approximation) | €0.09m | €0.09m | €0.1m | €0.1m | €0.1m | €0.2m | €0.4m | €0.2m | ▼ 36.1% |
| Investment in fixed assets (approximation) | - | -€0.3m | -€0.007m | -€1.4m | -€0.1m | -€0.4m | -€1.3m | -€0.1m | ▲ 92.5% |
| Change in cash | - | -€0.03m | -€0.01m | €0.3m | €0.003m | -€0.2m | -€0.2m | €0.2m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-06-2026 | 2026-00173190 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00224207 | |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00196640 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00174705 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20114586 | |
| 31-12-2020 | micro format | 25-06-2021 | 2021-25300398 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-23600185 | |
| 31-12-2018 | micro format | 24-06-2019 | 2019-22000040 | |
| 31-12-2017 | micro format | 15-06-2018 | 2018-19200547 | |
| 31-12-2016 | abbreviated format | 19-06-2017 | 2017-19100183 |
Board & ownership
Directors
Directors
2 directors
De Keyser Sven
Current
Van Nijlen Annelies
Current
Owners and capital
Owners
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| De Keyser Sven |
|
| Van Nijlen Annelies |
|
Network & group
Board mandates elsewhere
4 board mandatesBoard mandates of SAVECSAVEC sits on their board4
Connections & network
2 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
18-06
micro format · 43 days before the deadline
2025
31-12
Financial
Equity above €1mequity €1.0m ▲18.8%
With a profit in every financial year since 2018, equity grows to €1.0m.
02-07
micro format · 29 days before the deadline
2024
31-12
Financial
Highest result from 2018 to 2025net €254,443 ▲109%
The operating result of €330,717 and the net result of €254,443 are both a record.
01-07
micro format · 30 days before the deadline
2023
31-12
Financial
Equity above €500,000equity €591,215 ▲25.9%
With a profit in every financial year since 2018, equity grows to €591,215.
21-12
Name clause · Registered office clause
21-12
Name clause · Registered office clause
21-12
Name clause · Registered office clause
20-12
Name clause · Legal form clause
29-06
micro format · 32 days before the deadline
2022
30-06
micro format · 31 days before the deadline
Show earlier events
2021
31-12
Financial
Weakest financial yearnet €23,030 ▼62.9%
The net result drops to €23,030, the lowest from 2018 to 2025. It recovers the following year.
25-06
micro format · 36 days before the deadline
2020
29-06
micro format · 32 days before the deadline
2019
24-06
micro format · 37 days before the deadline
2018
15-06
micro format · 46 days before the deadline
2017
19-06
abbreviated format · 42 days before the deadline
2011
09-03
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
SAVEC in Dutch
Enterprise number
0834.053.114
Legal form
Private limited company
Status
Active, normale toestand
Founded
24-02-2011
Entity type
Legal entity
Registered office and establishments
Registered office
Hofeinde 31, 2330 Merksplas, Belgium
Establishment unit
De Keyser Sven, Hofeinde 31, 2330 Merksplas since 24-02-2011 · unit number 2.199.114.5167010001 Activities of head offices
Activities
NACEBEL 202564210
Activities of holding companies main activity
68203
Renting and operating of own or leased non-residential real estate, excluding land
Codes under NACEBEL 2008
64200
Holdings main activity
68203
Real estate rental
Invoicing and payment
VAT number
BE 0834.053.114
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
775 m²
Building footprint
165 m²
Building volume
1,322 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13023I0425/00S000 | Flanders | 775 m² | 1 · 165 m² | 10.3 m · 3 |