SAVEPA
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 27-07-2022, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
4 d early
2020
15 d early
2019
75 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 19 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
€182,409▼ 4.0%
2020 · €189,969
EBIT margin
52.3%▼ 0.2pp
2020 · 52.5%
Net result
€68,896▼ 5.2%
2020 · €72,653
Working capital
€214,500▲ 101%
2020 · €106,826
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Turnover€243,794-€242,149▼ 0.7%€189,969▼ 21.5%€182,409▼ 4.0%
Operating result€100,276-€123,634▲ 23.3%€99,796▼ 19.3%€95,470▼ 4.3%
Net result€73,458-€89,800▲ 22.2%€72,653▼ 19.1%€68,896▼ 5.2%
EBIT margin41.1%-51.1%▲ 9.9pp52.5%▲ 1.5pp52.3%▼ 0.2pp
Equity€930,814-€980,614▲ 5.4%€1.0m▲ 3.3%€1.0m▲ 2.8%
Total assets€988,908-€1.1m▲ 11.4%€1.2m▲ 7.0%€1.1m▼ 2.8%
Debt€58,094-€120,682▲ 108%€164,939▲ 36.7%€104,176▼ 36.8%
Working capital€684,307-€801,905▲ 17.2%€106,826▼ 86.7%€214,500▲ 101%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2021 is 4% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.1m
Fixed assets
€826,864 ▼ 8.8%
Current assets
€318,676 ▲ 17.3%
Equity and liabilities €1.1m
Equity
€1.0m ▲ 2.8%
Debt
€104,176 ▼ 36.8%
Debt's share of the balance-sheet total falls from 14.0% to 9.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€162,187▼
2020 · €174,492
Cash flow
€135,613▼
2020 · €147,349
Current ratio
3.06▲
2020 · 1.65
Debt to equity
0.10
ROE
6.6%▼
2020 · 7.2%
ROA
6.0%▼
2020 · 6.2%
Interest coverage
8434.07
Debt ≤ 1 year
€104,176▼
2020 · €164,939
Income taxes
€26,267▼
2020 · €27,158
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €188,927 | - |
| Turnover70 | €243,794 | €242,149 | €189,969 | €182,409 | ▼ 4.0% |
| Other operating income74 | - | - | - | €6,487 | - |
| Non-recurring operating income76A | - | - | - | €31 | - |
| Operating charges60/66A | - | - | - | €93,457 | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €327 | - |
| Purchases600/8 | - | - | - | €327 | - |
| Services and other goods61 | - | - | - | €22,905 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €118,884 | €98,670 | €74,695 | €66,717 | ▼ 10.7% |
| Other operating charges640/8 | - | - | - | €3,508 | - |
| Operating profit (loss)9901 | €100,276 | €123,634 | €99,796 | €95,470 | ▼ 4.3% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | €8,329 | €8,096 | €399 | €0 | ▼ 100.0% |
| Other financial income752/9 | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €307 | - |
| Recurring financial charges65 | €148 | €293 | €384 | €307 | ▼ 20.0% |
| Debt charges650 | - | - | - | €19 | - |
| Other financial charges652/9 | - | - | - | €288 | - |
| Profit (loss) for the period before taxes9903 | €108,458 | €131,436 | €99,811 | €95,162 | ▼ 4.7% |
| Income taxes67/77 | €35,000 | €41,636 | €27,158 | €26,267 | ▼ 3.3% |
| Taxes670/3 | - | - | - | €26,267 | - |
| Profit (loss) for the period9904 | €73,458 | €89,800 | €72,653 | €68,896 | ▼ 5.2% |
| Profit (loss) for the period to be appropriated9905 | €73,458 | €89,800 | €72,653 | €68,896 | ▼ 5.2% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €988,908 | €1.1m | €1.2m | €1.1m | ▼ 2.8% |
| Fixed assets21/28 | €246,507 | €178,709 | €906,441 | €826,864 | ▼ 8.8% |
| Tangible fixed assets22/27 | €246,507 | €178,709 | €106,441 | €106,064 | ▼ 0.4% |
| Plant, machinery and equipment23 | - | - | - | €94,960 | - |
| Furniture and vehicles24 | - | - | - | €11,104 | - |
| Financial fixed assets28 | - | - | €800,000 | €720,800 | ▼ 9.9% |
| Affiliated companies280/1 | - | - | - | €720,800 | - |
| Amounts receivable281 | - | - | - | €720,800 | - |
| Current assets29/58 | €742,401 | €922,587 | €271,766 | €318,676 | ▲ 17.3% |
| Amounts receivable within one year40/41 | €41,770 | €54,194 | €110,988 | €144,354 | ▲ 30.1% |
| Trade receivables40 | - | - | - | €63,558 | - |
| Other amounts receivable41 | - | - | - | €80,795 | - |
| Cash at bank and in hand54/58 | €692,626 | €867,992 | €160,777 | €174,299 | ▲ 8.4% |
| Deferred charges and accrued income490/1 | - | - | - | €23 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €988,908 | €1.1m | €1.2m | €1.1m | ▼ 2.8% |
| Equity10/15 | €930,814 | €980,614 | €1.0m | €1.0m | ▲ 2.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | - |
| Issued capital100 | - | - | - | €62,000 | - |
| Reserves13 | €106,200 | €106,200 | €106,200 | €106,200 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | - |
| Legal reserve130 | - | - | - | €6,200 | - |
| Distributable reserves133 | - | - | - | €100,000 | - |
| Profit (loss) carried forward14 | €762,614 | €812,414 | €845,068 | €873,164 | ▲ 3.3% |
| Amounts payable17/49 | €58,094 | €120,682 | €164,939 | €104,176 | ▼ 36.8% |
| Amounts payable within one year42/48 | €58,094 | €120,682 | €164,939 | €104,176 | ▼ 36.8% |
| Trade debts44 | €1,796 | €37,682 | €10,690 | €4,708 | ▼ 56.0% |
| Suppliers440/4 | - | - | - | €4,708 | - |
| Taxes, remuneration and social security45 | - | - | - | €58,655 | - |
| Taxes450/3 | - | - | - | €58,655 | - |
| Other amounts payable47/48 | - | - | - | €40,813 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73,458 | €89,800 | €72,653 | €68,896 | ▼ 5.2% |
| + Depreciation and write-downs630 | €118,884 | €98,670 | €74,695 | €66,717 | ▼ 10.7% |
| Operating cash flow (approximation) | €192,342 | €188,470 | €147,349 | €135,613 | ▼ 8.0% |
| Investment in fixed assets (approximation) | - | -€30,872 | -€802,428 | €12,860 | ▲ 102% |
| Change in cash | - | €175,366 | -€707,214 | €13,521 | ▲ 102% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €68,896 ▼5.2%
Net result drops to €68,896, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €1mEq €1.0m ▲3.3%
3 profitable years in a row build equity to €1.0m.
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 75 days late
2019
31-12
Financial
Highest result since 2018net €89,800 ▲22.2%
Operating result €123,634, net result €89,800, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
23-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
19-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
Owners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
- Sourceown accounts 2021100%
Holdings 0
The accounts to 31-12-2021 list no holdings, and no other source names one.
According to the 2021 annual accounts of SAVEPA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.