Summary
SAVERCO 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 €477.7m and a net result of €20.1m. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 83% of 2444 sector peers (fiscal year 2025). The company has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
25 d late
2024
63 d late
2023
6 d early
2022
12 d early
2021
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?SAVERCO · 25 companies
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema, statutory accounts
Equity
€477.7m▲ 0.2%
2024 · €476.8m
Net result
€20.1m▼ 47.7%
2024 · €38.4m
Total assets
€505.7m▲ 0.9%
2024 · €501.3m
Solvency
94.5%▼ 0.7pp
2024 · 95.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€579,375▲ 26.2%€538,271▼ 7.1%€467,625▼ 13.1%€1.4m▲ 208%€1.8m▲ 25.0%
Operating result-€828,486▼ 7.3%-€776,643▲ 6.3%-€1.3m▼ 61.3%-€641,081▲ 48.8%-€500,129▲ 22.0%
Net result€94.2mabove the sector's middle half▲ 150%-€3.2mbelow the sector's middle half€182.2mabove the sector's middle half€38.4mabove the sector's middle half▼ 78.9%€20.1mabove the sector's middle half▼ 47.7%
Equity€445.1mabove the sector's middle half▲ 10.4%€441.9mabove the sector's middle half▼ 0.7%€453.1mabove the sector's middle half▲ 2.5%€476.8mabove the sector's middle half▲ 5.2%€477.7mabove the sector's middle half▲ 0.2%
Total assets€488.0mabove the sector's middle half▼ 8.0%€471.7mabove the sector's middle half▼ 3.3%€487.2mabove the sector's middle half▲ 3.3%€501.3mabove the sector's middle half▲ 2.9%€505.7mabove the sector's middle half▲ 0.9%
Debt€42.9m▼ 66.2%€29.8m▼ 30.6%€34.1m▲ 14.6%€24.5m▼ 28.1%€28.1m▲ 14.5%
Working capital-€11.9mbelow the sector's middle half▲ 84.5%-€13.4mbelow the sector's middle half▼ 12.5%-€31.4mbelow the sector's middle half▼ 135%-€20.1mbelow the sector's middle half▲ 36.0%-€20.6mbelow the sector's middle half▼ 2.6%
Solvency91.2%above the sector's middle half▲ 15.2pp93.7%above the sector's middle half▲ 2.5pp93.0%above the sector's middle half▼ 0.7pp95.1%above the sector's middle half▲ 2.1pp94.5%above the sector's middle half▼ 0.7pp
Current ratio0.35within the sector's middle half▲ 0.030.10below the sector's middle half▼ 0.250.03below the sector's middle half▼ 0.080.04below the sector's middle half▲ 0.010.20below the sector's middle half▲ 0.16
Return on assets (ROA)19.3%above the sector's middle half▲ 12.2pp-0.7%below the sector's middle half▼ 20.0pp37.4%above the sector's middle half▲ 38.1pp7.7%within the sector's middle half▼ 29.7pp4.0%within the sector's middle half▼ 3.7pp
Staff (FTE)7.8within the sector's middle half▲ 1.3%10.2within the sector's middle half▲ 30.8%11.5above the sector's middle half▲ 12.7%11.8above the sector's middle half▲ 2.6%9within the sector's middle half▼ 23.7%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €500,129 in 2025 against €641,081 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €505.7m
Fixed assets
€500.5m =
Current assets
€5.2m ▲ 536%
Equity and liabilities €505.7m
Equity
€477.7m ▲ 0.2%
Debt
€28.1m ▲ 14.5%
Debt's share of the balance-sheet total rises from 4.9% to 5.5%. Equity and debt are higher.
Key figures and ratios
ROE
4.2%▼
2024 · 8.1%
Debt ≤ 1 year
€25.9m▲
2024 · €20.9m
Income taxes
€1,392▼
2024 · €706,417
Staff costs
€1.6m▼
2024 · €1.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €589,938 | €551,007 | €484,221 | €1.5m | €1.8m | ▲ 22.9% |
| Turnover70 | €579,375 | €538,271 | €467,625 | €1.4m | €1.8m | ▲ 25.0% |
| Other operating income74 | €10,563 | €12,737 | €16,596 | €39,799 | €18,471 | ▼ 53.6% |
| Operating charges60/66A | €1.4m | €1.3m | €1.7m | €2.1m | €2.3m | ▲ 9.3% |
| Services and other goods61 | €450,751 | €250,076 | €290,351 | €314,194 | €673,685 | ▲ 114% |
| Remuneration, social security and pensions62 | €963,799 | €1.1m | €1.4m | €1.8m | €1.6m | ▼ 8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €639 | €486 | €558 | - | - | - |
| Other operating charges640/8 | €3,235 | €2,975 | €1,690 | €13,751 | €8,169 | ▼ 40.6% |
| Non-recurring operating charges66A | - | - | - | €1,512 | - | - |
| Operating profit (loss)9901 | -€828,486 | -€776,643 | -€1.3m | -€641,081 | -€500,129 | ▲ 22.0% |
| Financial income75/76B | €99.9m | €1.1m | €185.2m | €42.8m | €19.3m | ▼ 54.8% |
| Recurring financial income75 | €99.9m | €1.1m | €185.2m | €42.8m | €19.3m | ▼ 54.8% |
| Income from financial fixed assets750 | €96.0m | €31,294 | €184.5m | €42.8m | €18.1m | ▼ 57.7% |
| Income from current assets751 | €881,255 | €766,400 | €751,594 | €5,890 | - | - |
| Other financial income752/9 | €3.0m | €334,401 | - | €96 | €1.2m | ▲ 1,288,978% |
| Financial charges65/66B | €4.9m | €3.5m | €1.8m | €3.0m | -€1.2m | ▼ 141% |
| Recurring financial charges65 | €4.9m | €3.5m | €1.7m | €3.0m | -€1.3m | ▼ 143% |
| Debt charges650 | €2.6m | €260,212 | €1.1m | €822,129 | €275,308 | ▼ 66.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | €1.7m | €1.9m | €654,951 | €2.0m | -€1.6m | ▼ 179% |
| Other financial charges652/9 | €522,835 | €1.3m | €10,912 | €130,480 | €47,602 | ▼ 63.5% |
| Non-recurring financial charges66B | €30,289 | €35,985 | €42,131 | €41,334 | €40,782 | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | €94.2m | -€3.2m | €182.2m | €39.1m | €20.1m | ▼ 48.7% |
| Income taxes67/77 | €848 | €1,233 | €1,317 | €706,417 | €1,392 | ▼ 99.8% |
| Taxes670/3 | €848 | €1,233 | €1,677 | €706,417 | €1,651 | ▼ 99.8% |
| Tax adjustments and reversals of tax provisions77 | - | - | €360 | - | €260 | - |
| Profit (loss) for the period9904 | €94.2m | -€3.2m | €182.2m | €38.4m | €20.1m | ▼ 47.7% |
| Profit (loss) for the period to be appropriated9905 | €94.2m | -€3.2m | €182.2m | €38.4m | €20.1m | ▼ 47.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €488.0m | €471.7m | €487.2m | €501.3m | €505.7m | ▲ 0.9% |
| Fixed assets21/28 | €481.6m | €470.2m | €486.4m | €500.5m | €500.5m | = |
| Tangible fixed assets22/27 | €2,219 | €2,070 | €1,512 | - | - | - |
| Furniture and vehicles24 | €2,219 | €2,070 | €1,512 | - | - | - |
| Financial fixed assets28 | €481.6m | €470.2m | €486.4m | €500.5m | €500.5m | = |
| Affiliated companies280/1 | €481.6m | €470.0m | €486.4m | €500.5m | €500.5m | = |
| Participating interests280 | €481.6m | €470.0m | €486.4m | €500.5m | €500.5m | = |
| Companies linked by participating interests282/3 | - | €164,008 | - | - | - | - |
| Participating interests282 | - | €164,008 | - | - | - | - |
| Current assets29/58 | €6.4m | €1.5m | €813,884 | €822,410 | €5.2m | ▲ 536% |
| Amounts receivable after more than one year29 | €708,835 | €752,696 | - | - | - | - |
| Other amounts receivable291 | €708,835 | €752,696 | - | - | - | - |
| Amounts receivable within one year40/41 | €4.8m | €178,809 | €55,636 | €355,503 | €4.7m | ▲ 1,215% |
| Trade receivables40 | €237,968 | €120,173 | €42,923 | €104,445 | €464,445 | ▲ 345% |
| Other amounts receivable41 | €4.6m | €58,637 | €12,713 | €251,058 | €4.2m | ▲ 1,577% |
| Current investments50/53 | €343,265 | €170,521 | €168,525 | €132,683 | €80,067 | ▼ 39.7% |
| Other investments51/53 | €343,265 | €170,521 | €168,525 | €132,683 | €80,067 | ▼ 39.7% |
| Cash at bank and in hand54/58 | €428,101 | €301,237 | €450,872 | €182,861 | €462,859 | ▲ 153% |
| Deferred charges and accrued income490/1 | €121,241 | €128,498 | €138,851 | €151,363 | €10,303 | ▼ 93.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €488.0m | €471.7m | €487.2m | €501.3m | €505.7m | ▲ 0.9% |
| Equity10/15 | €445.1m | €441.9m | €453.1m | €476.8m | €477.7m | ▲ 0.2% |
| Contributions10/11 | €551,429 | €551,429 | €16.8m | €16.8m | €16.8m | = |
| Capital10 | €531,306 | €531,306 | €16.8m | €16.8m | €16.8m | = |
| Issued capital100 | €531,306 | €531,306 | €16.8m | €16.8m | €16.8m | = |
| Outside capital11 | €20,123 | €20,123 | €20,123 | €20,123 | €20,123 | = |
| Share premium1100/10 | €20,123 | €20,123 | €20,123 | €20,123 | €20,123 | = |
| Reserves13 | €45.0m | €45.0m | €1.8m | €1.8m | €1.8m | = |
| Non-distributable reserves130/1 | €45.0m | €45.0m | €1.8m | €1.8m | €1.8m | = |
| Legal reserve130 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Own shares acquired1312 | €43.3m | €43.3m | - | - | - | - |
| Profit (loss) carried forward14 | €399.5m | €396.4m | €434.5m | €458.2m | €459.1m | ▲ 0.2% |
| Amounts payable17/49 | €42.9m | €29.8m | €34.1m | €24.5m | €28.1m | ▲ 14.5% |
| Amounts payable after more than one year17 | €24.3m | €12.5m | - | - | - | - |
| Other amounts payable178/9 | €24.3m | €12.5m | - | - | - | - |
| Amounts payable within one year42/48 | €18.3m | €14.9m | €32.2m | €20.9m | €25.9m | ▲ 23.6% |
| Financial debts43 | €5.0m | €14.6m | €31.8m | €5.7m | €5.7m | = |
| Credit institutions430/8 | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Other loans439 | - | €9.6m | €26.8m | €705,000 | €705,000 | = |
| Trade debts44 | €102,026 | €70,617 | €109,292 | €277,744 | €445,108 | ▲ 60.3% |
| Suppliers440/4 | €102,026 | €70,617 | €109,292 | €277,744 | €445,108 | ▲ 60.3% |
| Taxes, remuneration and social security45 | €278,704 | €220,838 | €340,023 | €514,369 | €520,514 | ▲ 1.2% |
| Taxes450/3 | - | €1,233 | €20,030 | €20,816 | €19,156 | ▼ 8.0% |
| Remuneration and social security454/9 | €278,704 | €219,604 | €319,993 | €493,553 | €501,358 | ▲ 1.6% |
| Other amounts payable47/48 | €12.9m | - | - | €14.4m | €19.2m | ▲ 33.0% |
| Accrued charges and deferred income492/3 | €376,145 | €2.4m | €1.9m | €3.6m | €2.2m | ▼ 38.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €94.2m | -€3.2m | €182.2m | €38.4m | €20.1m | ▼ 47.7% |
| + Depreciation and write-downs630 | €639 | €486 | €558 | - | - | - |
| Operating cash flow (approximation) | €94.2m | -€3.2m | €182.2m | €38.4m | €20.1m | ▼ 47.7% |
| Investment in fixed assets (approximation) | - | €11.4m | -€16.2m | -€14.1m | €0 | ▲ 100% |
| Change in cash | - | -€126,864 | €149,635 | -€268,011 | €279,997 | ▲ 204% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 25 days late
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated · 25 days late
2025
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated · 63 days late
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 63 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €182.2m
Net result €182.2m after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2019
31-12
Financial
Back to profitnet €49.4m
Net result €49.4m after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 22 acts read
About the unread acts
We know of 22 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
22 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1988
Ground area
3,310 m²
Building footprint
1,463 m²
Volume, LiDAR
33,042 m³
Parcel 11811L3947/00N000, Flanders · tallest building 29.4 m, ±8 floors. Linked by address, not a title deed.
57
companies at this address
See who is registered here
1 establishment unit
De Gerlachekaai 20, 2000 Antwerpen
since 19882.032.508.306
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3947/00N000 | Flanders | 3,310 m² | 1 · 1,463 m² | 29.4 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Heads the group
SAVERCO
25 companies
Group, risk and exposure
Owners and holdings
3 owners · 8 holdings · 46 subsidiaries in the treeOwners 3
-
33.34%
-
33.33%
-
33.33%
Holdings 8
- Sourceown accounts 2025LEI registeraccounts Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge 2025Equity USD 1.56bnResult USD 11.9m100%
-
100%
- DELPHISsubsidiaryEquity -€51.8mResult -€493,03699.99%
-
57.1%
-
52%
- DURABILISsubsidiarySourceLEI registerconsolidated
- GENER8 MARITIME SUBSIDIARY II INC.MHsubsidiarySourceLEI registerconsolidated
-
0.01%
All subsidiaries, including indirect ones 46
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge 100%19 subsidiaries
- Bocimar Hong KongHK 100%
BOCIMAR INTERNATIONAL 100%1 subsidiary
- CMB Japan LtdJP 100%
MCA Facilities 100%1 subsidiary
- MCA Horeca 100%
- Sakura International K.K.JP 100%
CMB.TECH 81.23%12 subsidiaries
- CMB.TECH Bermuda Ltd.BM consolidated
CMB.TECH Enterprises consolidated8 subsidiaries
- CMB TECH Namibia LTDNA 100%
- CMB.TECH Belgium 100%
- CMB.TECH Industry 100%
- CMB.TECH International 100%
- CMB.TECH Netherlands bvNL 100%
- CMB.TECH Technology and development centre LtdGB 100%
- H2 Infra 100%
- Windcat Workboats Holdings LtdGB 100%
- EURONAV LUXEMBOURG S.A.LU consolidated
- EURONAV SHIPPING consolidated
- Inka Agro InvestmentsCH 100%
DELPHIS 99.99%4 subsidiaries
- Cmb Germany GMBHDE 100%
- Teamlines Gmbh & Co KGDE 100%
- Verwaltung Cmb Germany GMBHDE 100%
- Verwaltungsgesellschaft Teamlines GmbhDE 100%
- DOMIMAR 57.1%
EPX 52%1 subsidiary
- Surfacexchange LimitedIE 100%
DURABILIS consolidated15 subsidiaries
DURABILIS 100%5 subsidiaries
- Cooperacion Economica de interes social SAGT 99.99%
- Fair Fruit (UK) LtdGB 99.99%
- Fair Fruit Peru SACPE 99.99%
- VEGETALES Y FRUTAS DE GUATEMALA S.A.GT 99.95%
- EASY & READY S.A.GT 98.51%
- KOGA VEG AGRICULTURAL DEVELOPMENT PVT LTD COET 99.99%
- Superazucar del Peru Sociedad Anonima CerradaPE 99.8%
- Durabilis Justo Y Organico Sociedad Anonima CerradaPE 99.6%
Barajii Group 86.96%3 subsidiaries
- SBFA - Société Burkinabé de Filières Alimentaires SABF 100%
- SMFA - Société Malienne des Filières Alimentaires SAML 100%
- STFA - Société Togolaise des Filières Alimentaires SATG 80%
- SFASN 80%
- S.G.T.F. - SOC. DE GESTION DE TERMINAUX FRUITIERSBF 70%
- GENER8 MARITIME SUBSIDIARY II INC.MH consolidated
According to the 2025 annual accounts of SAVERCO 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 2,752 EUR awarded · 2,752 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,428 EUR | 2,428 EUR |
| 2023 | 1 | 324 EUR | 324 EUR |
Schemes
Recognitions · licences · registrations
Legal Entity Identifier
549300GW6QULI0VUNM90
Similar companies · same sector, comparable size
SAFFELBERG INVESTMENTS
BE 0892.301.812
Pajottegem · Eq €481.0m
Financière de la Sambre
BE 0413.936.117
Gerpinnes · Eq €486.9m
Brussels Airport Investments
BE 0743.597.743
Watermaal-Bosvoorde · Eq €496.8m
H. ESSERS
BE 0465.554.468
Genk · Eq €501.6m
ABACUS GROUP
BE 0435.477.936
Waregem · Eq €502.1m
Of 24,728 companies in sector 64210 we hold annual accounts for 19,800. 636 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-07-1985
Fiscal year end31-12
Activities, NACEBEL 2025
50200Water transport
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427685965
Also
9925:BE0427685965
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.