SAVECO
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 21-07-2026 at the NBB all 39 filings
Every figure per financial year
The operating result for 2025 is 3% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €5,166 | €9,350 | €2,486 | €2,429 | €1,392 | ▼ 42.7% |
| Non-recurring operating charges66A | - | - | - | €138 | - | - | - | - | - |
| Gross operating margin9900 | €27,701 | €5,875 | -€516 | €13,987 | €27,160 | €20,961 | €24,530 | €24,078 | ▼ 1.8% |
| Operating profit (loss)9901 | €17,879 | €697 | -€635 | €8,683 | €17,810 | €18,475 | €22,101 | €22,686 | ▲ 2.6% |
| Recurring financial income75 | €3,688 | €1,157 | €1,633 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €45 | €2,140 | €109 | €84 | €279 | ▲ 232% |
| Recurring financial charges65 | €910 | €513 | €134 | €45 | €2,140 | €109 | €84 | €279 | ▲ 232% |
| Profit (loss) for the period before taxes9903 | €20,658 | €1,340 | €864 | €8,638 | €15,670 | €18,366 | €22,017 | €22,407 | ▲ 1.8% |
| Income taxes67/77 | - | - | - | - | - | €5,132 | €5,876 | €6,071 | ▲ 3.3% |
| Profit (loss) for the period9904 | €20,658 | €1,340 | €864 | €8,638 | €15,670 | €13,234 | €16,141 | €16,336 | ▲ 1.2% |
| Profit (loss) for the period to be appropriated9905 | €20,658 | €1,340 | €864 | €8,638 | €15,670 | €13,234 | €16,141 | €16,336 | ▲ 1.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.6m | €1.5m | €1.5m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | ▼ 0.3% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Land and buildings22 | - | - | - | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Current assets29/58 | €0.4m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 1.0% |
| Amounts receivable within one year40/41 | €0.4m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 1.0% |
| Trade receivables40 | - | - | - | €0.02m | €0.04m | €0.02m | €0.02m | €0.02m | ▼ 5.7% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | ▼ 0.8% |
| Cash at bank and in hand54/58 | €0.002m | €0.001m | €0.004m | €238 | €0.003m | €0.002m | €0.001m | €0.001m | ▼ 7.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.6m | €1.5m | €1.5m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | ▼ 0.3% |
| Equity10/15 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.6m | €1.6m | ▲ 1.1% |
| Contributions10/11 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Revaluation surpluses12 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Profit (loss) carried forward14 | €0.06m | €0.06m | €0.06m | €0.07m | €0.08m | €0.1m | €0.1m | €0.1m | ▲ 14.4% |
| Amounts payable17/49 | €0.09m | €0.04m | €0.05m | €0.05m | €0.06m | €0.06m | €0.06m | €0.04m | ▼ 32.8% |
| Amounts payable within one year42/48 | €0.09m | €0.04m | €0.05m | €0.05m | €0.06m | €0.06m | €0.06m | €0.04m | ▼ 32.8% |
| Trade debts44 | €0.01m | €0.01m | €0.01m | €0.01m | €0.002m | €0.001m | - | €0.006m | - |
| Suppliers440/4 | - | - | - | €0.01m | €0.002m | €0.001m | - | €0.006m | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | €0.005m | €0.006m | €0.006m | ▲ 1.2% |
| Taxes450/3 | - | - | - | - | - | €0.005m | €0.006m | €0.006m | ▲ 1.2% |
| Other amounts payable47/48 | - | - | - | €0.04m | €0.06m | €0.05m | €0.06m | €0.03m | ▼ 47.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,658 | €1,340 | €864 | €8,638 | €15,670 | €13,234 | €16,141 | €16,336 | ▲ 1.2% |
| Operating cash flow (approximation) | €20,658 | €1,340 | €864 | €8,638 | €15,670 | €13,234 | €16,141 | €16,336 | ▲ 1.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€765 | €2,404 | -€3,630 | €2,388 | -€275 | -€1,622 | -€57 | ▲ 96.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as SAVECO has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SAVECO itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 14,766 companies, not a prediction for SAVECO. 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.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 21-07-2026 | 2026-00313593 | |
| 31-12-2024 | micro format | 23-06-2025 | 2025-00164343 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00481201 | |
| 31-12-2022 | micro format | 17-07-2023 | 2023-00240731 | |
| 31-12-2021 | micro format | 26-10-2022 | 2022-20472671 | |
| 31-12-2020 | micro format | 09-09-2021 | 2021-66800017 | |
| 31-12-2019 | micro format | 25-11-2020 | 2020-71800544 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-56800145 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-51300456 | |
| 31-12-2016 | abbreviated format | 17-07-2017 | 2017-31800497 |