SAVEREX 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 €806.8m and a net result of €263.1m. Equity has been growing by about 23% per year since 2018. Its solvency ranks better than 91% of 3,032 sector peers (NACE 64, financial year 2025). The company has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals.
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 16 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (5 of the last 5 accounts filed within 30 days either side of that date).
Equity is what the company owns minus what it owes. It consists of the contributions and the reserves and profits built up. Negative equity means debts exceed assets.
The net result is what is left after all costs and taxes. One loss year is not an alarm on its own. After several loss years in a row, it pays to find out why.
Solvency is equity divided by total assets. It shows what share of its assets the company finances with its own means. The higher it is, the better the company absorbs a setback.
Net result€0.3m--€2.9m-€1.5mbelow the sector's middle half▲ 48.4%€10.0mabove the sector's middle half€27.0mabove the sector's middle half▲ 169%€280.4mabove the sector's middle half▲ 939%€36.8mabove the sector's middle half▼ 86.9%€263.1mabove the sector's middle half▲ 616%
Equity€193.9m-€191.0m▼ 1.5%€189.5mabove the sector's middle half▼ 0.8%€199.5mabove the sector's middle half▲ 5.3%€226.5mabove the sector's middle half▲ 13.5%€506.9mabove the sector's middle half▲ 124%€543.7mabove the sector's middle half▲ 7.3%€806.8mabove the sector's middle half▲ 48.4%
Total assets€233.4m-€228.3m▼ 2.2%€225.0mabove the sector's middle half▼ 1.4%€228.6mabove the sector's middle half▲ 1.6%€255.2mabove the sector's middle half▲ 11.6%€518.4mabove the sector's middle half▲ 103%€576.7mabove the sector's middle half▲ 11.3%€819.5mabove the sector's middle half▲ 42.1%
Working capital€6.5m-€12.1m▲ 87.4%€15.5mabove the sector's middle half▲ 28.3%€22.6mabove the sector's middle half▲ 45.8%€55.6mabove the sector's middle half▲ 145%€65.1mabove the sector's middle half▲ 17.1%€79.4mabove the sector's middle half▲ 21.9%€123.2mabove the sector's middle half▲ 55.3%
Solvency83.1%-83.7%▲ 0.6pp84.2%within the sector's middle half▲ 0.5pp87.3%above the sector's middle half▲ 3.1pp88.8%above the sector's middle half▲ 1.5pp97.8%above the sector's middle half▲ 9.0pp94.3%above the sector's middle half▼ 3.5pp98.4%above the sector's middle half▲ 4.2pp
Current ratio1.16-1.33▲ 0.161.46within the sector's middle half▲ 0.131.82within the sector's middle half▲ 0.364.68above the sector's middle half▲ 2.866.68above the sector's middle half▲ 2.003.41above the sector's middle half▼ 3.2710.70above the sector's middle half▲ 7.29
Return on assets (ROA)0.1%--1.3%▼ 1.4pp-0.7%below the sector's middle half▲ 0.6pp4.4%within the sector's middle half▲ 5.1pp10.6%above the sector's middle half▲ 6.2pp54.1%above the sector's middle half▲ 43.5pp6.4%within the sector's middle half▼ 47.7pp32.1%above the sector's middle half▲ 25.7pp
Staff (FTE)1-1=1below the sector's middle half=1below the sector's middle half=1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=
abovewithinbelowThe sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 75% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €819.5m
83.4%
16.6%
Fixed assets€683.6m ▲ 47.2%
Current assets€135.9m ▲ 21.0%
Equity and liabilities €819.5m
98.4%
Equity€806.8m ▲ 48.4%
Debt€12.7m ▼ 61.5%
Debt's share of the balance-sheet total falls from 5.7% to 1.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
32.6%▲
2024 · 6.8%
Debt ≤ 1 year
€12.7m▼
2024 · €33.0m
Income taxes
€332,594▲
2024 · €193,632
Staff costs
€154,096▲
2024 · €125,563
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
social balance sheet
Item
31-12-2021
31-12-2022
31-12-2023
31-12-2024
31-12-2025
Employees at the balance-sheet date
1
1
1
1
1
full-time
1
1
1
1
1
in full-time equivalents
1
1
1
1
1
Average over the year, in full-time equivalents
1
1
1
1
1
On a permanent contract
1
1
1
1
1
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others
Item
2021
2022
2023
2024
2025
Debts secured on the company's own assets
€16.5m
€16.5m
-
€20.0m
-
Carrying value of the other pledged assets
€49.6m
€29.3m
€39.4m
€192.2m
€192.1m
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired
Item
2021
2022
2023
2024
2025
Tangible fixed assets
-
€1.3m
€3.3m
€23,709
-
Financial fixed assets
-
€8.0m
€238.1m
€104.9m
€202.6m
Depreciation and write-downs of the year
€445,858
€442,598
€839,350
€220,722
€217,451
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
fees
Item
2021
2022
2023
2024
2025
Fee for the audit
€16,380
€18,000
€18,900
€19,500
€19,500
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 74 lines
Balance sheetCode20242025
Assets
Total assets20/58€576.7m€819.5m▲
Fixed assets21/28€464.4m€683.6m▲
Tangible fixed assets22/27€4.0m€3.8m▼
Plant, machinery and equipment23€4.0m€3.8m▼
Furniture and vehicles24€0.02m€0.01m▼
Financial fixed assets28€460.4m€679.8m▲
Affiliated companies280/1€460.3m€679.8m▲
Participating interests280€456.4m€655.7m▲
Amounts receivable281€3.9m€24.1m▲
Other financial fixed assets284/8€0.01m€0.01m=
Shares284€0.01m€0.01m=
Current assets29/58€112.3m€135.9m▲
Amounts receivable after more than one year29€53.3m€37.4m▼
Other amounts receivable291€53.3m€37.4m▼
Amounts receivable within one year40/41€48.4m€85.1m▲
Trade receivables40€3.1m€2.5m▼
Other amounts receivable41€45.3m€82.5m▲
Current investments50/53€2.0m€12.0m▲
Other investments51/53€2.0m€12.0m▲
Cash at bank and in hand54/58€8.6m€1.2m▼
Deferred charges and accrued income490/1€0.07m€0.3m▲
Equity and liabilities
Total equity and liabilities10/49€576.7m€819.5m▲
Equity10/15€543.7m€806.8m▲
Contributions10/11€1.0m€1.0m=
Capital10€0.5m€0.5m=
Issued capital100€0.5m€0.5m=
Contributions outside capital11€0.5m€0.5m=
Share premium1100/10€0.5m€0.5m=
Reserves13€2.0m€2.0m=
Non-distributable reserves130/1€2.0m€2.0m=
Legal reserve130€2.0m€2.0m=
Distributable reserves133€46€46=
Profit (loss) carried forward14€540.8m€803.9m▲
Amounts payable17/49€33.0m€12.7m▼
Amounts payable within one year42/48€33.0m€12.7m▼
Financial debts43€31.4m€11.7m▼
Credit institutions430/8€20.0m-
Other loans439€11.4m€11.7m▲
Trade debts44€1.0m€0.2m▼
Suppliers440/4€1.0m€0.2m▼
Taxes, remuneration and social security45€0.6m€0.8m▲
Taxes450/3€0.6m€0.7m▲
Remuneration and social security454/9€0.02m€0.06m▲
Accrued charges and deferred income492/3€0.04m-
Income statementCode20242025
Operating income70/76A€5.1m€4.3m▼
Turnover70€4.3m€4.0m▼
Other operating income74€0.3m€0.3m▼
Non-recurring operating income76A€0.4m-
Operating charges60/66A€4.3m€4.1m▼
Services and other goods61€3.6m€3.7m▲
Remuneration, social security and pensions62€0.1m€0.2m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.001m€0.001m=
Other operating charges640/8€0.01m€0.005m▼
Non-recurring operating charges66A€0.4m-
Operating profit (loss)9901€0.8m€0.2m▼
Financial income75/76B€41.8m€270.9m▲
Recurring financial income75€41.8m€270.9m▲
Income from financial fixed assets750€37.7m€265.7m▲
Income from current assets751€4.1m€5.1m▲
Financial charges65/66B€5.6m€7.6m▲
Recurring financial charges65€1.7m€3.2m▲
Debt charges650€0.5m€1.9m▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€0.3m€0.2m▼
Other financial charges652/9€0.9m€1.1m▲
Non-recurring financial charges66B€3.9m€4.4m▲
Profit (loss) for the period before taxes9903€37.0m€263.5m▲
Income taxes67/77€0.2m€0.3m▲
Taxes670/3€0.2m€0.3m▲
Profit (loss) for the period9904€36.8m€263.1m▲
Profit (loss) for the period to be appropriated9905€36.8m€263.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906€540.8m€803.9m▲
Profit (loss) brought forward from the previous period14P€504.0m€540.8m▲
Social balance sheet
Average headcount (FTE)90871.01.0=
The notes to these accounts have 56 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
A capital increase usually strengthens the company. With a reduction, it pays to find out why.
Capital over time
08-12-2023Capital stated in the deed · €500,000 · 2,131 shares
13-08-2007Capital reduction of €19,000,000 · to €500,000 · repaid to the shareholders
Mandate history
Mandate history
Each bar is one period in a role, from appointment to resignation or to today. An open left edge means the mandate began before its first mention. An open right edge means the mandate ended without a stated end date.
Equity €599.6mProfit of €293.0m in 2024 (profit of €2.6m in 2023)
84.14%
All subsidiaries, including indirect ones
22
SAVEREX or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.
via Nicolas SAVERYS (no longer at FEDERATION DES ENTREPRISES DE BELGIQUE - VERBOND VAN BELGISCHE ONDERNEMINGEN - VERBAND DER BELGISCHEN UNTERNEHMEN) · Director
Reappointments: Stéphanie Saverys, Patrick De Brabandere and Klynveld Peat Marwick Goerdeler Bedrijfsrevisoren · Permanent representatives: Serge Cosijns and Filip De Bock6 points ▸
Each sentence rests on a document from the KBO register, the Belgian Official Gazette or the National Bank. The number after the sentence opens that document.
On 21 December 1988, SAVEREX was incorporated.1Today the board has 8 members.2Total assets went from €233.4m in 2018 to €819.5m in 2025 and headcount from 1 to 1 full-time equivalents.3
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
Establishment unitDe Gerlachekaai 20, 2000 Antwerp since 09-01-1989 · unit number 2.041.566.621
Activities
NACEBEL 2025
VAT activities
64210Activities of holding companiesmain activity
Social security (RSZ) activities
70100Activities of head officesmain activity
Codes under NACEBEL 2008
VAT activities
64200Holdingsmain activity
Social security (RSZ) activities
70100Activities of head officesmain activity
Joint committees200 Auxiliary committee for white-collar workers
316 Merchant navy annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
“De aankoop,de verkoop,de overdracht,de ruiling en het beheer van alle roerende waarden,aandelen,deelbewijzen van…”
6 activities
De aankoop,de verkoop,de overdracht,de ruiling en het beheer van alle roerende waarden,aandelen,deelbewijzen van vennootschappen,obligaties,staatsfondsen van alle roerende en onroerende goederen en rechten
Alle activiteiten van management en consultancy,alle werkzaamheden die rechtstreeks of onrechtstreeks verband hebben met de studie en het advies in alle economische financiële,fiscale,bedrijfsorganisatorische en sociale aangelegenheden
Alle mandaten van bestuurder of vereffenaar aanvaarden in om het even welke vennootschap,vereniging of onderneming;de vennootschap kan om het even welke management-,organisatie- of bestuursopdracht aanvaarden,en in het raam van de uitvoering ervan alle activiteiten stellen die hiervoor noodzakelijk zijn
Alle vervoer te land,water en in de lucht en alle activiteiten betrekking hebbende met het vervoerbedrijf in het algemeen
De aankoop,verkoop,leasing,huur en verhuur,de handel en de uitbating van voertuigen,vliegtuigen,schepen en alle andere vervoermiddelen
Alle activiteiten die in verband staan met land- en tuinbouw,het uitvoeren van diverse land- en tuinbouwwerken en alle werkzaamheden die hier rechtstreeks of onrechtstreeks mee verband houden