SAVERO
ActiveSummary
SAVERO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111,873 and a net result of -€26,774. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 89% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-61
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 6.24 against 6.77 in 2024; short-term debt: 15.2% and cash: 15.6% of total assets), and 15.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
29 d early
2023
34 d early
2022
26 d early
2021
16 d early
2020
38 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 5 July (5 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
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Financials · fiscal year 2025, micro schema
Equity
€111,873▼ 25.0%
2024 · €149,101
Total assets
€131,979▼ 24.4%
2024 · €174,615
Net result
-€26,774
2024 · €2,255
Working capital
€105,259▼ 28.5%
2024 · €147,271
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Operating result€4,498▼ 83.0%€11,032▲ 145%€14,056▲ 27.4%€5,555▼ 60.5%-€25,409
Net result-€2,722below the sector's middle half€6,467within the sector's middle half€8,543within the sector's middle half▲ 32.1%€2,255within the sector's middle half▼ 73.6%-€26,774below the sector's middle half
Equity€156,960above the sector's middle half▼ 9.9%€152,027above the sector's middle half▼ 3.1%€155,118above the sector's middle half▲ 2.0%€149,101above the sector's middle half▼ 3.9%€111,873within the sector's middle half▼ 25.0%
Total assets€222,269within the sector's middle half▲ 4.7%€188,148within the sector's middle half▼ 15.4%€195,536within the sector's middle half▲ 3.9%€174,615within the sector's middle half▼ 10.7%€131,979within the sector's middle half▼ 24.4%
Debt€65,309▲ 71.1%€36,121▼ 44.7%€40,418▲ 11.9%€25,514▼ 36.9%€20,106▼ 21.2%
Working capital€146,559above the sector's middle half▼ 9.5%€145,247above the sector's middle half▼ 0.9%€151,261above the sector's middle half▲ 4.1%€147,271above the sector's middle half▼ 2.6%€105,259above the sector's middle half▼ 28.5%
Solvency70.6%above the sector's middle half▼ 11.4pp80.8%above the sector's middle half▲ 10.2pp79.3%above the sector's middle half▼ 1.5pp85.4%above the sector's middle half▲ 6.1pp84.8%above the sector's middle half▼ 0.6pp
Current ratio3.76above the sector's middle half▼ 5.365.85above the sector's middle half▲ 2.094.74above the sector's middle half▼ 1.116.77above the sector's middle half▲ 2.036.24above the sector's middle half▼ 0.54
Return on assets (ROA)-1.2%below the sector's middle half▼ 10.0pp3.4%within the sector's middle half▲ 4.7pp4.4%within the sector's middle half▲ 0.9pp1.3%within the sector's middle half▼ 3.1pp-20.3%below the sector's middle half▼ 21.6pp
Staff (FTE)2=1.9▼ 5.0%2▲ 5.3%1.9▼ 5.0%1.2▼ 36.8%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €25,409 after €5,555 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €131,979
Fixed assets
€6,613 ▲ 261%
Current assets
€125,365 ▼ 27.4%
Equity and liabilities €131,979
Equity
€111,873 ▼ 25.0%
Debt
€20,106 ▼ 21.2%
Debt's share of the balance-sheet total rises from 14.6% to 15.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€24,175▼
2024 · €7,582
Cash flow
-€25,540▼
2024 · €4,282
Quick ratio
4.62▲
2024 · 4.58
Debt to equity
0.18▲
2024 · 0.17
ROE
-23.9%▼
2024 · 1.5%
Interest coverage
-17.71▼
2024 · 4.87
Debt ≤ 1 year
€20,106▼
2024 · €25,514
Income taxes
€0▼
2024 · €1,744
Staff costs
€71,748▼
2024 · €97,755
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,834 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €107,551 | €110,665 | €124,392 | €97,755 | €71,748 | ▼ 26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,342 | €9,706 | €9,098 | €2,027 | €1,234 | ▼ 39.1% |
| Other operating charges640/8 | €9,535 | €1,028 | €1,005 | €934 | €1,807 | ▲ 93.6% |
| Gross operating margin9900 | €131,927 | €132,431 | €148,550 | €106,271 | €49,381 | ▼ 53.5% |
| Operating profit (loss)9901 | €4,498 | €11,032 | €14,056 | €5,555 | -€25,409 | ▼ 557% |
| Financial charges65/66B | €1,205 | €1,269 | €1,259 | €1,556 | €1,365 | ▼ 12.3% |
| Recurring financial charges65 | €1,205 | €1,269 | €1,259 | €1,556 | €1,365 | ▼ 12.3% |
| Profit (loss) for the period before taxes9903 | €3,293 | €9,764 | €12,797 | €3,999 | -€26,774 | ▼ 770% |
| Income taxes67/77 | €6,015 | €3,296 | €4,254 | €1,744 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€2,722 | €6,467 | €8,543 | €2,255 | -€26,774 | ▼ 1,287% |
| Transfer from tax-exempt reserves789 | €19,888 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €17,165 | €6,467 | €8,543 | €2,255 | -€26,774 | ▼ 1,287% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €222,269 | €188,148 | €195,536 | €174,615 | €131,979 | ▼ 24.4% |
| Fixed assets21/28 | €22,660 | €12,954 | €3,856 | €1,829 | €6,613 | ▲ 261% |
| Tangible fixed assets22/27 | €22,660 | €12,954 | €3,856 | €1,829 | €6,613 | ▲ 261% |
| Land and buildings22 | €3,273 | €1,995 | €1,326 | €657 | €4,558 | ▲ 594% |
| Plant, machinery and equipment23 | €4,516 | €3,361 | €2,206 | €1,173 | €144 | ▼ 87.7% |
| Furniture and vehicles24 | €14,871 | €7,598 | €325 | €0 | €1,911 | - |
| Current assets29/58 | €199,609 | €175,194 | €191,680 | €172,785 | €125,365 | ▼ 27.4% |
| Stocks and contracts in progress3 | €36,137 | €36,020 | €32,831 | €55,851 | €32,405 | ▼ 42.0% |
| Stocks30/36 | €36,137 | €36,020 | €32,831 | €55,851 | €32,405 | ▼ 42.0% |
| Amounts receivable within one year40/41 | €46,290 | €43,066 | €85,199 | €72,384 | €64,146 | ▼ 11.4% |
| Trade receivables40 | €35,287 | €36,387 | €71,278 | €69,903 | €63,083 | ▼ 9.8% |
| Other amounts receivable41 | €11,003 | €6,679 | €13,921 | €2,481 | €1,062 | ▼ 57.2% |
| Cash at bank and in hand54/58 | €106,236 | €86,543 | €62,191 | €31,436 | €20,553 | ▼ 34.6% |
| Deferred charges and accrued income490/1 | €10,945 | €9,565 | €11,458 | €13,114 | €8,262 | ▼ 37.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €222,269 | €188,148 | €195,536 | €174,615 | €131,979 | ▼ 24.4% |
| Equity10/15 | €156,960 | €152,027 | €155,118 | €149,101 | €111,873 | ▼ 25.0% |
| Contributions10/11 | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | €150,660 | €145,727 | €148,818 | €142,801 | €105,572 | ▼ 26.1% |
| Non-distributable reserves130/1 | €2,100 | €2,100 | €0 | - | - | - |
| Reserves not available under the articles1311 | €2,100 | €2,100 | €0 | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €148,560 | €143,627 | €148,818 | €142,801 | €105,572 | ▼ 26.1% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €65,309 | €36,121 | €40,418 | €25,514 | €20,106 | ▼ 21.2% |
| Amounts payable after more than one year17 | €12,259 | €6,174 | €0 | - | - | - |
| Financial debts170/4 | €12,259 | €6,174 | €0 | - | - | - |
| Amounts payable within one year42/48 | €53,050 | €29,947 | €40,418 | €25,514 | €20,106 | ▼ 21.2% |
| Current portion of amounts payable after more than one year42 | €5,999 | €6,086 | €6,174 | €0 | - | - |
| Trade debts44 | €16,747 | €12,324 | €19,247 | €7,383 | €5,620 | ▼ 23.9% |
| Suppliers440/4 | €16,747 | €12,324 | €19,247 | €7,383 | €5,620 | ▼ 23.9% |
| Advances received on contracts in progress46 | €9,700 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €1,549 | €1,998 | €1,860 | €5,693 | €2,719 | ▼ 52.2% |
| Taxes450/3 | €1,549 | €1,998 | €1,860 | €1,694 | €1,185 | ▼ 30.1% |
| Remuneration and social security454/9 | - | - | - | €3,999 | €1,534 | ▼ 61.6% |
| Other amounts payable47/48 | €19,054 | €9,539 | €13,138 | €12,438 | €11,767 | ▼ 5.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,722 | €6,467 | €8,543 | €2,255 | -€26,774 | ▼ 1,287% |
| + Depreciation and write-downs630 | €10,342 | €9,706 | €9,098 | €2,027 | €1,234 | ▼ 39.1% |
| Operating cash flow (approximation) | €7,620 | €16,173 | €17,641 | €4,282 | -€25,540 | ▼ 696% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€6,018 | - |
| Change in cash | - | -€19,693 | -€24,352 | -€30,755 | -€10,883 | ▲ 64.6% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€26,774
Net result drops to -€26,774, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €6,467
Net result €6,467 after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €18,597 ▲77.9%
Operating result €26,510, net result €18,597, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150,000Eq €155,585 ▲7.2%
2 profitable years in a row build equity to €155,585.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
2 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, Ledegem · 1 establishment unit since 2000
Ground area
1,811 m²
Building footprint
245 m²
Volume, LiDAR
917 m³
Parcel 36018B0894/00C000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SAVERO
since 20002.101.960.603
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36018B0894/00C000 | Flanders | 1,811 m² | 1 · 244 m² | 6.5 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 165 EUR awarded · 165 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 165 EUR | 165 EUR |
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 4,938 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0468043410
Also
9925:BE0468043410
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.