SAVEKO
Absorbed by JEKOTECHOverview
Overview
Official details
Source: KBO- Status
- Absorbed by JEKOTECH merger by absorption, April 2026
- Activity
- “Onderneming voor het plaatsen van centrale verwarming met warm water en stoom,stookolie en gas” (deed in Dutch)From the articles, 16 activitiesNo NACE code in the KBO yet
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2025
- Gross margin
- €279,698
- ▲ 12.8%
- Turnover
- ≈ €660,000
- estimated
- Profit
- €38,636
- ▲ 212%
- Equity
- €75,134
- ▲ 106%
- Total assets
- €321,639
- ▲ 3.8%
- Employees on 31-12-2025
- 3
- =
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 08-05-2026 PDF all 32 filings
Turnover
≈ €660,000
Estimated: probably between €400,000 and €1.1m
Total assets
€321,639▲ 3.8%
2024 · €310,002
Net result
€38,636▲ 212%
2024 · €12,371
Working capital
€11,673
2024 · -€5,758
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€57,462
▲ 152%
2025
20182025
Net result
€38,636
▲ 212%
2025
20182025
Equity
€75,134
▲ 106%
2025
20182025
Total assets
€321,639
▲ 3.8%
2025
20182025
Debt
€246,505
▼ 9.9%
2025
20182025
Working capital
€11,673
2025
20182025
Staff (FTE)
3
▼ 6.3%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€19,837--€4,801-€7,004▼ 45.9%€8,354€1,873▼ 77.6%€22,815▲ 12×€22,805=€57,462▲ 152%
Net result€14,338--€7,281-€10,906▼ 49.8%€21,387-€2,343€12,497€12,371▼ 1.0%€38,636▲ 212%
Equity€27,272-€19,990▼ 26.7%€9,084▼ 54.6%€30,471▲ 235%€12,430▼ 59.2%€24,928▲ 101%€36,499▲ 46.4%€75,134▲ 106%
Total assets€221,309-€238,966▲ 8.0%€279,707▲ 17.0%€287,927▲ 2.9%€267,526▼ 7.1%€260,022▼ 2.8%€310,002▲ 19.2%€321,639▲ 3.8%
Debt€194,037-€218,975▲ 12.9%€270,623▲ 23.6%€257,455▼ 4.9%€255,096▼ 0.9%€235,094▼ 7.8%€273,504▲ 16.3%€246,505▼ 9.9%
Working capital€7,661--€11,379-€50,395▼ 343%-€14,355▲ 71.5%-€17,702▼ 23.3%€1,445-€5,758€11,673
Staff (FTE)4-4=3▼ 25.0%3=3=3.4▲ 13.3%3.2▼ 5.9%3▼ 6.3%
The operating result for 2025 is 152% higher than in 2024 and the highest since 2018. It is a recovery after the fall in 2024.
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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €321,639
Fixed assets
€63,461 ▼ 12.8%
Current assets
€258,178 ▲ 8.9%
Equity and liabilities €321,639
Equity
€75,134 ▲ 106%
Debt
€246,505 ▼ 9.9%
Debt's share of the balance-sheet total falls from 88.2% to 76.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81,935▲
2024 · €44,411
Cash flow
€63,108▲
2024 · €33,976
Current ratio
1.05▲
2024 · 0.98
Debt to equity
3.28▼
2024 · 7.49
ROE
51.4%▲
2024 · 33.9%
ROA
12.0%▲
2024 · 4.0%
Interest coverage
9.69▲
2024 · 5.45
Debt ≤ 1 year
€246,505▲
2024 · €242,944
Debt > 1 year
€0▼
2024 · €30,560
Income taxes
€10,888▲
2024 · €2,854
Staff costs
€195,712▼
2024 · €200,933
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 3 | 4 | 3 | 3 |
| full-time | 3 | 3 | 4 | 3 | 3 |
| part-time | 0 | 0 | 0 | 0 | 0 |
| in full-time equivalents | 3 | 3 | 4 | 3 | 3 |
| Average over the year, in full-time equivalents | 3 | 3 | 3.4 | 3.2 | 3 |
| On a permanent contract | 3 | 3 | 4 | 3 | 3 |
| Joined | - | - | 1 | 0 | - |
| Left | - | - | 0 | 1 | - |
| Training hours | - | - | 80 | 32 | 32 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €34,633 | - | €1,410 | €56,653 | €15,117 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €17,769 | €20,135 | €18,705 | €21,606 | €24,472 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €2,076 awarded · €2,076 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,226 | €1,226 |
| 2024 | 1 | €239 | €239 |
| 2023 | 1 | €405 | €611 |
| 2022 | 1 | €206 | €0 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,000 | €579 | €13,250 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €152,497 | €159,249 | €207,818 | €200,933 | €195,712 | ▼ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,044 | €10,397 | €12,070 | €17,769 | €20,135 | €18,705 | €21,606 | €24,472 | ▲ 13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €9,498 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €2,687 | €1,507 | €2,547 | €2,323 | €2,051 | ▼ 11.7% |
| Non-recurring operating charges66A | - | - | - | - | - | €493 | €295 | - | - |
| Gross operating margin9900 | €235,058 | €237,569 | €152,540 | €181,307 | €182,763 | €261,876 | €247,962 | €279,698 | ▲ 12.8% |
| Operating profit (loss)9901 | €19,837 | -€4,801 | -€7,004 | €8,354 | €1,873 | €22,815 | €22,805 | €57,462 | ▲ 152% |
| Financial income75/76B | - | - | - | €17,951 | €2,499 | €495 | €564 | €520 | ▼ 7.8% |
| Recurring financial income75 | €1,941 | €2,367 | €1,123 | €17,951 | €2,499 | €495 | €564 | €520 | ▼ 7.8% |
| Financial charges65/66B | - | - | - | €4,918 | €6,715 | €7,351 | €8,145 | €8,459 | ▲ 3.9% |
| Recurring financial charges65 | €7,440 | €4,848 | €5,025 | €4,918 | €6,715 | €7,351 | €8,145 | €8,459 | ▲ 3.9% |
| Profit (loss) for the period before taxes9903 | €14,338 | -€7,281 | -€10,906 | €21,387 | -€2,343 | €15,958 | €15,224 | €49,523 | ▲ 225% |
| Income taxes67/77 | - | - | - | - | - | €3,461 | €2,854 | €10,888 | ▲ 282% |
| Profit (loss) for the period9904 | €14,338 | -€7,281 | -€10,906 | €21,387 | -€2,343 | €12,497 | €12,371 | €38,636 | ▲ 212% |
| Profit (loss) for the period to be appropriated9905 | €14,338 | -€7,281 | -€10,906 | €21,387 | -€2,343 | €12,497 | €12,371 | €38,636 | ▲ 212% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €221,309 | €238,966 | €279,707 | €287,927 | €267,526 | €260,022 | €310,002 | €321,639 | ▲ 3.8% |
| Fixed assets21/28 | €19,610 | €31,369 | €59,480 | €76,344 | €56,209 | €38,420 | €72,817 | €63,461 | ▼ 12.8% |
| Tangible fixed assets22/27 | €19,582 | €31,341 | €59,451 | €76,315 | €56,180 | €38,392 | €72,788 | €63,432 | ▼ 12.9% |
| Land and buildings22 | - | - | - | €4,358 | €3,527 | €3,197 | €660 | €330 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | - | - | €12,074 | €9,593 | €8,037 | €10,198 | €8,909 | ▼ 12.6% |
| Furniture and vehicles24 | - | - | - | €59,882 | €43,059 | €27,158 | €61,930 | €45,497 | ▼ 26.5% |
| Other tangible fixed assets26 | - | - | - | - | - | - | - | €8,696 | - |
| Financial fixed assets28 | €29 | €29 | €29 | €29 | €29 | €29 | €29 | €29 | = |
| Current assets29/58 | €201,699 | €207,596 | €220,227 | €211,583 | €211,318 | €221,602 | €237,186 | €258,178 | ▲ 8.9% |
| Stocks and contracts in progress3 | €23,082 | €52,124 | €13,538 | €15,698 | - | - | - | - | - |
| Stocks30/36 | - | - | - | €15,698 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €121,230 | €114,932 | €177,647 | €172,210 | €162,577 | €168,705 | €206,577 | €239,191 | ▲ 15.8% |
| Trade receivables40 | - | - | - | €165,567 | €155,350 | €161,900 | €196,493 | €228,893 | ▲ 16.5% |
| Other amounts receivable41 | - | - | - | €6,643 | €7,228 | €6,805 | €10,084 | €10,298 | ▲ 2.1% |
| Current investments50/53 | €1,674 | - | €17,000 | €7,500 | €26,000 | €5,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €51,950 | €28,916 | €10,512 | €14,591 | €14,274 | €44,821 | €27,322 | €10,622 | ▼ 61.1% |
| Deferred charges and accrued income490/1 | - | - | - | €1,584 | €8,466 | €3,076 | €3,286 | €8,365 | ▲ 155% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €221,309 | €238,966 | €279,707 | €287,927 | €267,526 | €260,022 | €310,002 | €321,639 | ▲ 3.8% |
| Equity10/15 | €27,272 | €19,990 | €9,084 | €30,471 | €12,430 | €24,928 | €36,499 | €75,134 | ▲ 106% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €12,568 | €12,568 | €12,568 | €12,568 | €12,568 | €12,568 | €6,328 | €17,899 | ▲ 183% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €10,708 | €10,708 | €12,568 | €6,328 | €17,899 | ▲ 183% |
| Profit (loss) carried forward14 | -€3,897 | -€11,178 | -€22,084 | -€697 | -€18,738 | -€6,240 | €11,571 | €38,636 | ▲ 234% |
| Amounts payable17/49 | €194,037 | €218,975 | €270,623 | €257,455 | €255,096 | €235,094 | €273,504 | €246,505 | ▼ 9.9% |
| Amounts payable after more than one year17 | - | - | - | €31,517 | €26,076 | €14,937 | €30,560 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €31,517 | €26,076 | €14,937 | €30,560 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €194,037 | €218,975 | €270,623 | €225,938 | €229,019 | €220,157 | €242,944 | €246,505 | ▲ 1.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €23,322 | €12,893 | €11,139 | €19,301 | €30,091 | ▲ 55.9% |
| Financial debts43 | - | - | - | €100,000 | €100,000 | €75,000 | €75,000 | €50,000 | ▼ 33.3% |
| Credit institutions430/8 | - | - | - | €100,000 | €100,000 | €75,000 | €75,000 | €50,000 | ▼ 33.3% |
| Trade debts44 | €60,137 | €79,827 | €105,351 | €71,933 | €83,442 | €85,634 | €105,699 | €113,729 | ▲ 7.6% |
| Suppliers440/4 | - | - | - | €71,933 | €83,442 | €85,634 | €105,699 | €113,729 | ▲ 7.6% |
| Taxes, remuneration and social security45 | - | - | - | €20,265 | €21,016 | €36,046 | €28,816 | €37,789 | ▲ 31.1% |
| Taxes450/3 | - | - | - | €4,059 | €4,797 | €8,468 | €7,863 | €14,599 | ▲ 85.7% |
| Remuneration and social security454/9 | - | - | - | €16,206 | €16,219 | €27,578 | €20,953 | €23,190 | ▲ 10.7% |
| Other amounts payable47/48 | - | - | - | €10,417 | €11,668 | €12,338 | €14,127 | €14,896 | ▲ 5.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,338 | -€7,281 | -€10,906 | €21,387 | -€2,343 | €12,497 | €12,371 | €38,636 | ▲ 212% |
| + Depreciation and write-downs630 | €7,044 | €10,397 | €12,070 | €17,769 | €20,135 | €18,705 | €21,606 | €24,472 | ▲ 13.3% |
| Operating cash flow (approximation) | €21,382 | €3,116 | €1,164 | €39,156 | €17,793 | €31,202 | €33,976 | €63,108 | ▲ 85.7% |
| Investment in fixed assets (approximation) | - | -€22,156 | -€40,181 | -€34,633 | €0 | -€917 | -€56,002 | -€15,117 | ▲ 73.0% |
| Change in cash | - | -€23,034 | -€18,404 | €4,078 | -€317 | €30,547 | -€17,499 | -€16,700 | ▲ 4.6% |
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 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-05-2026 | 2026-00108351 | |
| 31-12-2024 | micro format | 07-07-2025 | 2025-00246074 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00320193 | |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00170982 | |
| 31-12-2021 | micro format | 01-08-2022 | 2022-20276295 | |
| 31-12-2020 | micro format | 29-07-2021 | 2021-42300402 | |
| 31-12-2019 | micro format | 05-08-2020 | 2020-39900354 | |
| 31-12-2018 | micro format | 30-07-2019 | 2019-40400470 | |
| 31-12-2017 | micro format | 16-07-2018 | 2018-35100135 | |
| 31-12-2016 | abbreviated format | 14-07-2017 | 2017-31200491 |
Board & ownership
Directors
Directors
1 director, last change in 2023
KOECK André
Current
Director (not named in the articles) · appointed by deed of 15-05-2023 · listed in the 2024 annual accounts, filed on 07-07-2025
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 15-05-2023Owners and capital
Shareholders
Stated in the deed
deed of 14-04-2026 ↗
- JEKOTECH all shares
Capital transactions
Capital over time
- 15-05-2023 Converted to unavailable equity · €20,460
Articles of association
- Daily managementDay-to-day management handles the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
Articles of association, deed of 15-05-2023 (in Dutch)
Network & group
Acquisitions and mergers
1 transactionTaken over by:JEKOTECH
Connections & network
1 current directorThe network starts from the directors of SAVEKO. Every other company they run is a node.
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
Deeds, filings and financial milestones
Deadline for the 2026 accounts:
2026
08-05
abbreviated format · 84 days before the deadline
14-04
Gazette deed
Merger: absorbed by JEKOTECHDissolution of the company · Dissolved without liquidation · JEKOTECH holds all the shares2 points ▸
Gazette deed
Merger: absorbed by JEKOTECH
Dissolution of the company · Dissolved without liquidation · JEKOTECH holds all the shares2 points ▸
- General meeting, 01-04-2026
- JEKOTECH holds all the shares
- The deed holds 4 more points.
05-02
Gazette deed
Merger proposal: to be absorbed by JEKOTECH1 point ▸
Gazette deed
Merger proposal: to be absorbed by JEKOTECH
1 point ▸
- Accounting effect, 01-04-2026
- The deed holds 4 more points.
2025
31-12
Financial
Highest result from 2018 to 2025net €38,636 ▲212%
The operating result of €57,462 and the net result of €38,636 are both a record.
07-07
micro format · 24 days before the deadline
2024
31-07
micro format · on the deadline day
2023
31-12
Financial
Back to profitnet €12,497
The net result is €12,497, after one loss-making year.
26-06
micro format · 35 days before the deadline
15-05
Gazette deed
Appointment: KOECK André (director)Legal-form conversion: from private limited company (pre-2019) to private limited company5 points ▸
Gazette deed
Appointment: KOECK André (director)
Legal-form conversion: from private limited company (pre-2019) to private limited company5 points ▸
- General meeting, 03-05-2023
- Legal-form conversion, from private limited company (pre-2019) to private limited company
- Amendment of the articles, article 1
- Director appointment, KOECK André (director (not named in the articles))
- Registered office clause, Poelkbeekstraat 40, 1760 Roosdaal
- The deed holds 4 more points.
2022
01-08
micro format · 1 day late
2021
31-12
Financial
Back to profitnet €21,387
The net result is €21,387, after 2 loss-making years.
29-07
micro format · 2 days before the deadline
Show earlier events
2020
31-12
Financial
Weakest financial yearnet -€10,906
The net result drops to -€10,906, the lowest from 2018 to 2025.
05-08
micro format · 5 days late
2019
30-07
micro format · 1 day before the deadline
2018
16-07
micro format · 15 days before the deadline
2017
14-07
abbreviated format · 17 days before the deadline
1993
19-11
Gazette deed
Incorporation
18 publications in the Belgian Official Gazette, the last on 14-04-2026
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
Inactive
Absorbed by JEKOTECH in April 2026
SAVEKO is no longer in the KBO register. JEKOTECH took it over in a merger by absorption, published in the Belgian Official Gazette on 14 April 2026.
- Status
- Inactive
- Reason
- Merger by absorption"operation treated as a merger by absorption", Belgian Official Gazette, 14 April 2026 · deed
- Absorbed by
- JEKOTECH · 0740.811.566
- Last annual accounts
- financial year to 31 December 2025
- Last registered office
- Poelkbeekstraat 40, 1760 Roosdaalas published on 14 April 2026
- Legal form
- Private limited company
- First annual accounts
- financial year 1994
Purpose, financial year and meetings according to the articles of association
Name, seat, purpose and duration
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Onderneming voor het plaatsen van centrale verwarming met warm water en stoom,stookolie en gas; De fabricage en installatie van…”deed of 05-02-2026 (in Dutch)
16 activities
- Onderneming voor het plaatsen van centrale verwarming met warm water en stoom,stookolie en gas
- De fabricage en installatie van ketels,branders en radiatoren
- De aankoop en verkoop van apparaten en toebehoren voor centrale verwarmingsinstallaties,sanitaire apparaten en artikelen
- De installatie van bijkomende en hulptoestellen
- Onderneming voor het plaatsen van ventilatie en luchtregeling,verwarming met warme lucht,luchtconditionering en industriële pijpleidingen
- Onderneming voor het plaatsen,onderhouden en herstellen van alle soorten branders
- Onderneming voor het installeren van sanitaire inrichtingen en gasverwarming voor lood- en zinkwerk en voor het installeren van waterverzachter
- De aanneming van alle mogelijke elektriciteitswerken en de ermee gepaard gaande installatiewerken,zowel privé als openbaar
- De handel in elektriciteitsbenodigdheden,huishoudtoestellen en elektrotechnische installaties in al zijn mogelijke vormen en met al zijn bijhorende activiteiten
- Het optrekken van de ruwbouw van gebouwen
- Het plaatsen van dakbedekkingen en het uitvoeren van daktimmerwerken
- Het uitvoeren van metsel-,chape- en voegwerken,evenals vloer- en betegelingswerken
- Het isoleren van gebouwen en het plaatsen van tussenwanden
- De montage van buiten- en binnenschrijnwerk,garagepoorten,zonneblinden,traliewerk,enzovoort
- Het uitvoeren van gevelreiniging en reiniging van gebouwen
- Het uitvoeren van pleisterwerken zowel binnen als buiten
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 15-05-2023 (in Dutch)
General meeting and financial year
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Saturday of June at 21:00
- Meeting accessThe articles set who may attend the meeting and what is needed to be admitted.
- “Indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering zonder te kunnen deelnemen aan de…”
deed of 15-05-2023 (in Dutch)