SAVEMO
InactiveSAVEMO was declared bankrupt on 28-06-2021 (Ondernemingsrechtbank Gent, afdeling Dendermonde). The bankruptcy was closed by liquidation by judgment of 08-12-2025, published in the Belgian Official Gazette on 12-12-2025.
Summary
Inactive. The last annual accounts are for financial year 2017.
Overview
Overview
Official details
Source: KBO- Status
- Inactive deed of incorporation of 23-08-1988 · bankruptcy closed on 08-12-2025
- Activity
- No activity registered in the KBO
- Financial year end
- 31 March
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts to 31-03-2017
- Gross margin
- €354,572
- ▼ 4.9%
- Turnover
- ≈ €710,000
- estimated
- Loss
- €825
- Equity
- €168,976
- ▼ 0.5%
- Total assets
- €390,737
- ▲ 16.1%
- Staff
- 7.2 FTE
- ▼ 10.0%
Financials
Financials · financial year 2017, micro format
2017 annual accounts filed 218 days after the deadline Filed on 6 June 2018, deadline 31 October 2017 (7 months after the close on 31 March 2017, Companies Code art. 3:10). Source: NBB, 2018-17300528.
Annual accounts 2017 filed on 06-06-2018 PDF all 28 filings
Turnover
≈ €710,000
Estimated: probably between €500,000 and €1.0m
Total assets
€390,737▲ 16.1%
2016 · €336,578
Net result
-€825
2016 · €105,358
Working capital
€157,900▼ 5.4%
2016 · €166,947
Multi-year overview
2013 to 2017, 5 financial yearsOperating result
€29,475
▼ 67.7%
2017
20132017
Net result
-€825
2017
20132017
Equity
€168,976
▼ 0.5%
2017
20132017
Total assets
€390,737
▲ 16.1%
2017
20132017
Debt
€221,761
▲ 33.0%
2017
20132017
Working capital
€157,900
▼ 5.4%
2017
20132017
Staff (FTE)
7.2
▼ 10.0%
2017
20132017
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result-€15,592-€48,012€92,661▲ 93.0%€91,154▼ 1.6%€29,475▼ 67.7%
Net result-€35,545--€81,792▼ 130%€68,417€105,358▲ 54.0%-€825
Equity€77,817--€3,975€64,442€169,800▲ 163%€168,976▼ 0.5%
Total assets€292,231-€289,305▼ 1.0%€335,037▲ 15.8%€336,578▲ 0.5%€390,737▲ 16.1%
Debt€214,414-€293,280▲ 36.8%€270,595▼ 7.7%€166,778▼ 38.4%€221,761▲ 33.0%
Working capital€111,544-€24,842▼ 77.7%€89,714▲ 261%€166,947▲ 86.1%€157,900▼ 5.4%
Staff (FTE)6.7-7.5▲ 11.9%7.6▲ 1.3%8▲ 5.3%7.2▼ 10.0%
The operating result for 2017 is 68% lower than in 2016 and the lowest since 2013. It is the second fall 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.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €390,737
Fixed assets
€21,307 ▼ 0.2%
Current assets
€369,430 ▲ 17.2%
Equity and liabilities €390,737
Equity
€168,976 ▼ 0.5%
Debt
€221,761 ▲ 33.0%
Debt's share of the balance-sheet total rises from 49.6% to 56.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€36,525▼
2016 · €97,370
Cash flow
€6,225▼
2016 · €111,574
Current ratio
1.75▼
2016 · 2.13
Quick ratio
1.64▼
2016 · 1.97
Debt to equity
0.06▼
2016 · 0.98
ROE
-0.5%▼
2016 · 62.0%
ROA
-0.2%▼
2016 · 31.3%
Debt ≤ 1 year
€211,531▲
2016 · €148,275
Debt > 1 year
€10,230▼
2016 · €18,503
Income taxes
€426▼
2016 · €4,397
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2016 |
|---|---|
| Tangible fixed assets | €26,500 |
| Depreciation and write-downs of the year | €6,216 |
Source: notes to the 2016 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €271,419 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,966 | €4,883 | €3,883 | €6,216 | €7,050 | ▲ 13.4% |
| Other operating charges640/8 | - | - | - | €4,101 | - | - |
| Gross operating margin9900 | €240,567 | €357,277 | €378,597 | €372,890 | €354,572 | ▼ 4.9% |
| Operating profit (loss)9901 | -€15,592 | €48,012 | €92,661 | €91,154 | €29,475 | ▼ 67.7% |
| Recurring financial income75 | €150 | €624 | €670 | €3,608 | €655 | ▼ 81.9% |
| Recurring financial charges65 | €20,102 | €24,502 | €24,914 | €5,759 | €30,529 | ▲ 430% |
| Profit (loss) for the period before taxes9903 | -€35,544 | -€81,791 | €68,417 | €109,755 | -€399 | - |
| Income taxes67/77 | €1 | €1 | - | €4,397 | €426 | ▼ 90.3% |
| Profit (loss) for the period9904 | -€35,545 | -€81,792 | €68,417 | €105,358 | -€825 | - |
| Profit (loss) for the period to be appropriated9905 | -€35,545 | -€81,792 | €68,417 | €105,358 | -€825 | - |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €292,231 | €289,305 | €335,037 | €336,578 | €390,737 | ▲ 16.1% |
| Fixed assets21/28 | €7,088 | €4,955 | €1,072 | €21,356 | €21,307 | ▼ 0.2% |
| Tangible fixed assets22/27 | €6,932 | €4,799 | €916 | €21,200 | €21,150 | ▼ 0.2% |
| Furniture and vehicles24 | - | - | - | €21,200 | - | - |
| Financial fixed assets28 | €156 | €156 | €156 | €156 | €157 | ▲ 0.3% |
| Current assets29/58 | €285,143 | €284,350 | €333,965 | €315,222 | €369,430 | ▲ 17.2% |
| Stocks and contracts in progress3 | €22,496 | €22,496 | €22,496 | €22,496 | €22,496 | = |
| Stocks30/36 | - | - | - | €22,496 | - | - |
| Amounts receivable within one year40/41 | €178,771 | €150,508 | €153,488 | €152,657 | €241,908 | ▲ 58.5% |
| Trade receivables40 | - | - | - | €152,657 | - | - |
| Cash at bank and in hand54/58 | €83,876 | €111,346 | €157,981 | €140,069 | €105,026 | ▼ 25.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €292,231 | €289,305 | €335,037 | €336,578 | €390,737 | ▲ 16.1% |
| Equity10/15 | €77,817 | -€3,975 | €64,442 | €169,800 | €168,976 | ▼ 0.5% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | - | - | €61,973 | - | - |
| Issued capital100 | - | - | - | €61,973 | - | - |
| Reserves13 | €283,362 | €283,362 | €283,362 | €283,362 | €283,362 | = |
| Legal reserve130 | - | - | - | €6,197 | - | - |
| Distributable reserves133 | - | - | - | €277,165 | - | - |
| Profit (loss) carried forward14 | -€267,518 | -€349,310 | -€280,893 | -€175,535 | -€176,360 | ▼ 0.5% |
| Amounts payable17/49 | €214,414 | €293,280 | €270,595 | €166,778 | €221,761 | ▲ 33.0% |
| Amounts payable after more than one year17 | €40,815 | €33,772 | €26,344 | €18,503 | €10,230 | ▼ 44.7% |
| Financial debts170/4 | - | - | - | €18,503 | - | - |
| Amounts payable within one year42/48 | €173,599 | €259,508 | €244,251 | €148,275 | €211,531 | ▲ 42.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,106 | - | - |
| Trade debts44 | €101,083 | €190,759 | €181,568 | €64,528 | €194,233 | ▲ 201% |
| Suppliers440/4 | - | - | - | €64,528 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €75,545 | - | - |
| Taxes450/3 | - | - | - | €72,745 | - | - |
| Remuneration and social security454/9 | - | - | - | €2,800 | - | - |
| Other amounts payable47/48 | - | - | - | €96 | - | - |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,545 | -€81,792 | €68,417 | €105,358 | -€825 | - |
| + Depreciation and write-downs630 | €3,966 | €4,883 | €3,883 | €6,216 | €7,050 | ▲ 13.4% |
| Operating cash flow (approximation) | -€31,579 | -€76,909 | €72,300 | €111,574 | €6,225 | ▼ 94.4% |
| Investment in fixed assets (approximation) | - | -€2,750 | €0 | -€26,500 | -€7,001 | ▲ 73.6% |
| Change in cash | - | €27,470 | €46,635 | -€17,912 | -€35,043 | ▼ 95.6% |
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 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2017 | micro format | 06-06-2018 | 2018-17300528 | |
| 31-03-2016 | abbreviated format | 28-04-2017 | 2017-11100309 | |
| 31-03-2015 | abbreviated format | 29-03-2016 | 2016-08100196 | |
| 31-03-2014 | abbreviated format | 02-02-2015 | 2015-03500495 | |
| 31-03-2013 | abbreviated format | 30-12-2013 | 2013-70200314 | |
| 31-03-2012 | abbreviated format | 28-01-2013 | 2013-01900072 | |
| 31-03-2011 | abbreviated format | 05-01-2012 | 2012-00400178 | |
| 31-03-2010 | abbreviated format | 29-09-2010 | 2010-56000563 | |
| 31-03-2009 | abbreviated format | 08-10-2009 | 2009-80500293 | |
| 31-03-2008 | abbreviated format | 27-11-2008 | 2008-82900010 |
Board & ownership
Directors
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Frederic Leleux Kapellestraat 33, 9220 Hamme (O.-Vl.) |
28-06-2021 → 08-12-2025 |
Owners and capital
Owners
Timeline
Deeds, filings and financial milestones
2025
12-12
Bankruptcy
Bankruptcy closure (by liquidation)
Enterprise Court of Ghent, Dendermonde division · judgment of 08-12-2025
2021
02-07
Bankruptcy
Bankruptcy declared
Enterprise Court of Ghent, Dendermonde division · judgment of 28-06-2021
2018
06-06
micro format · 218 days late
2017
28-04
abbreviated format · 179 days late
2016
31-03
Financial
Highest result from 2013 to 2017net €105,358 ▲54%
The net result of €105,358 is the highest of those years.
31-03
Financial
Equity above €150,000equity €169,800 ▲163%
After 2 profitable years in a row, equity reaches €169,800.
29-03
abbreviated format · 150 days late
2015
31-03
Financial
Back to profitnet €68,417
The net result is €68,417, after 2 loss-making years.
02-02
abbreviated format · 94 days late
2014
31-03
Financial
Weakest financial yearnet -€81,792
The net result drops to -€81,792, the lowest from 2013 to 2017.
2013
Show earlier events
2012
05-01
abbreviated format · 66 days late
2010
29-09
abbreviated format · 32 days before the deadline
2009
08-10
abbreviated format · 23 days before the deadline
2008
27-11
abbreviated format · 27 days late
1988
23-08
Gazette deed
Incorporation
21 publications in the Belgian Official Gazette, the last on 02-07-2021
SignalFinancial 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
Inactive
SAVEMO is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 March 2017
- Last registered office
- Zeelsebaan 26, 9200 Dendermondeas published on 2 July 2021
- Legal form
- Public limited company
- First annual accounts
- financial year 1990