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Savetech

Active Private limited companyfounded 2019active for 7 yearsGeorges De Grooflei 14, 2150 AntwerpKBO/BCE: BE 0726.922.552
Savetech
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €34,578 (2023)
-€5,072▼ €33,654
lowest -€6,496 (2025)
-€6,496▼ €11,943
peak €29,140 (2024)
€22,643▼ 22.3%
€15,360▼ 78.1%
Board1 name since 2019
1 directorHani Salim
Documentsfilings and deeds
24-08-202624 days late
2025micro format
Gross margin from €28,582 to -€5,072Loss of €6,496Registered office moved within Borsbeek 10-03Equity from €29,140 to €22,643Debts from €70,037 to €15,360Cash from €14,506 to €239

Key points

from the 2025 annual accounts

Liquidity

2.47 was 1.42 in 2024

Short-term debts fell from €70,037 to €15,360.

Filings

6 annual accounts 6 late
AprilJune31 JulyOctober202020222024

The 2022 accounts came latest: 443 days after the end of the period.

Turnover not published (abbreviated or micro format)

Checked score

48
Fair
Financially stronger than 30% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.4% across 26,892 companies (NACE 46, micro).

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 2.0% 01-2025: 2.0%● unchanged vs 12-2024 02-2025: 2.0%● unchanged vs 01-2025 03-2025: 2.0%● unchanged vs 02-2025lowest value 04-2025: 3.1%▲ +1.1 percentage points vs 03-2025 05-2025: 3.4%▲ +0.3 percentage points vs 04-2025 06-2025: 3.3%▼ -0.1 percentage points vs 05-2025 07-2025: 3.4%▲ +0.1 percentage points vs 06-2025 08-2025: 4.5%▲ +1.1 percentage points vs 07-2025 09-2025: 5.0%▲ +0.5 percentage points vs 08-2025 10-2025: 8.4%▲ +3.4 percentage points vs 09-2025 11-2025: 8.6%▲ +0.2 percentage points vs 10-2025 12-2025: 9.8%▲ +1.2 percentage points vs 11-2025highest value 01-2026: 3.7%▼ -6.1 percentage points vs 12-2025 02-2026: 3.6%▼ -0.1 percentage points vs 01-2026 03-2026: 3.6%● unchanged vs 02-2026 04-2026: 3.7%▲ +0.1 percentage points vs 03-2026 05-2026: 3.7%● unchanged vs 04-2026 06-2026: 3.5%▼ -0.2 percentage points vs 05-2026 07-2026: 3.5%● unchanged vs 06-2026 08-2026: 5.0%▲ +1.5 percentage points vs 07-2026 09-2026: 3.6%▼ -1.4 percentage points vs 08-2026 10-2026: 3.6%● unchanged vs 09-2026 11-2026: 3.6%● unchanged vs 10-2026

Financial strength
Weak

85+31equity 59.6% of total assets
32+2short-term debt 40.4% · cash 0.6%
0-51return on assets -17.1%

Score breakdown

raises risk
Last filed accounts filed 24 days late; 2 of the last 3 accounts late
1 change of registered office in 24 months
Liquidity: current ratio 2.47, cash €239, halved
Loss of €6,496 (financial year 2025)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 66% of them on solvency, 29% on liquidity, 6% on profitability and 18% on growth.

The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 3,591 companies had the same profile as Savetech has now. Each dot stands for 9 companies, two years later.

87.4%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Savetech itself: 3.6% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 3,591 companies, not a prediction for Savetech. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €1,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.47 (1.42 in 2024), above the usual 1.5. Short-term debt is 40.4% and cash 0.6% of total assets. 40.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
raises risk
raises risk · Last filed accounts filed 24 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 2.47, cash €239, halved
NBB · annual accounts
raises risk · Loss of €6,496 (financial year 2025)
NBB · annual accounts
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filings
Deviation from the deadline
2025
24 days late
2024
132 days late
2023
77 days late
2022
443 days late
2021
24 days late
2020
25 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 121 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 17 October (4 of the last 5 accounts filed within 54 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

HS
Hani Salim
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0726922552
Registered office moved within Borsbeek New registered office: Georges de Grooflei 14, 2150 Borsbeek · Previous registered office: Herentalsebaan 61 bus a, 2150 Borsbeek · Board meeting of 01-11-2024 · Gazette deed
Registered office moved from Antwerp to Borsbeek New registered office: Herentalsebaan 61a, 2150 Borsbeek · Previous registered office: Vleerakkerstraat 25 bus 5 2100 ANTWERPEN · Board meeting of 23-04-2021 · Gazette deed
Incorporation published on 22-05-2019 · Gazette deed
All 13 events

Comparable companies

same main activity, similar in size and age
Company
Savetech Antwerp €38,003 -€5,072 59.6% -
Water Equipment Component Oupeye €75,292 €1,195 41.2% -
AQUASWIZZ BENELUX Antwerp €95,752 -€7,458 87.7% -
EAUPLUS Ninove €177,972 €1,231 3.3% -
KEMPISCH TECHNIEKHUIS Olen €71,765 €5,682 57.5% -
BELPIPES Antwerp €188,404 -€8,155 71.9% -
ODYSSEE BELGIUM Brussels €25,048 €6,614 64.6% -

These companies have the same main activity as Savetech: wholesale trade (NACE 46836). They are comparable in size and age: total assets between €25,000 and €188,000, founded between 2014 and 2021.

Official details

Source: KBO
Status
Active since 20-05-2019Normal situation
Activity
Wholesale tradeNACE 46836and 1 other
Establishment unit
2.289.861.3802150 Antwerp, since 20-05-2019
Financial year end
31 December
Peppol
Reachable since 22-05-2025
Company details

Annual accounts 2025

-€5,072
€6,496
€22,643▼ 22.3%
€38,003▼ 61.7%
Filing
Filed on 24-08-2026
Financials

Insights on Savetech

Savetech files the micro format. That format states no turnover. The gross margin fell from €4,498 in 2020 to -€5,072 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 24-08-2026, 24 days late
-€5,072
▼ €33,654
-€5,970
▼ €15,265
-€6,496
▼ €11,943
€22,643
▼ 22.3%
59.6%
▲ 30.2 percentage points
2.47
▲ 1.06

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.

Balance sheet

balance sheet total €38,003 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

59.6%

Higher than 65% of 13,797 companies in 2025.

2.47

Higher than 65% of 13,178 companies in 2025.

-17.1%

Higher than 12% of 13,357 companies in 2025.

Savetech Middle half of the sector 80% of the sector Micro accounts in wholesale trade (NACE 46)

Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 38,00399,17784,05555,40850,33951,014
21/28 --2,2802,2802,2802,280
28 --2,2802,2802,2802,280
29/58 38,00399,17781,77553,12848,05948,734
29 6,3797,0001,0001,000--
291 6,3797,0001,0001,000--
3 2,5002,5002,5002,5001,440-
30/36 2,5002,5002,5002,5001,440-
40/41 28,14075,17161,40736,42446,61835,977
40 21,24867,44144,25733,51142,22431,571
41 6,8927,73017,1502,9134,3944,406
54/58 23914,50616,86813,204-12,758
490/1 745-----
Balance sheet: equity and liabilities
10/49 38,00399,17784,05555,40850,33951,014
10/15 22,64329,14023,6941,7615,2152,529
10/11 111111
13 22,64229,13923,693---
133 22,64229,13923,693---
14 --01,7605,2142,528
17/49 15,36070,03760,36153,64645,12448,485
42/48 15,36070,03760,36153,64645,12448,485
43 3,750--011,891-
430/8 3,750--011,891-
44 9,40443,75628,7249,75727,81041,748
440/4 9,40443,75628,7249,75727,81041,748
45 2,2056,7286,4881,3694,0896,737
450/3 2,2056,7286,4881,3692,2226,737
454/9 ---01,868-
47/48 -19,55425,14942,5201,333-
Income statement
9900 -5,07228,58234,578-10,9317,4734,498
62 -259----
631/4 --2,392---
640/8 89719,0271,435730797308
9901 -5,9709,29630,751-11,6616,6774,189
75/76B 023797710,90334021
75 023797710,90334021
65/66B 3832,0254,5422,6951,629829
65 3832,0254,5422,6951,629829
9903 -6,3537,50827,187-3,4545,3883,381
67/77 1442,0625,25401,369853
9904 -6,4965,44621,932-3,4544,0192,528
9905 -6,4965,44621,932-3,4544,0192,528
Appropriation of the result
9906 -5,44623,6931,7606,5472,528
14P 6,496-1,7605,2142,528-
691/2 -5,44623,693---
6920 -5,446----
6921 --23,693---
694/7 ---01,333-
694 ---01,333-
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 3 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.

Source: Annual accounts 2025 at the NBB, filed on 24-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 24 days after the deadline. Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00416985.

Financial year Type Filed Reference Document
31-12-2025 micro format 24-08-2026 2026-00416985 PDF
31-12-2024 micro format 10-12-2025 2025-00578930 PDF
31-12-2023 abbreviated format 16-10-2024 2024-00509012 PDF
31-12-2022 abbreviated format 16-10-2024 2024-00509008 PDF
31-12-2021 abbreviated format 24-08-2022 2022-20387205 PDF
31-12-2020 abbreviated format 25-08-2021 2021-54600303 PDF

Subsidies and aid

Flemish government 2022, 1 entry, €540 awarded, €540 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€540

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
-----2,280
-14,268-2,3613,664---
22,64329,14021,414-5192,935249
59.6%29.4%28.2%3.2%10.4%5.0%
2.471.421.350.991.071.01
2.311.381.310.941.031.01
0.682.402.5530.468.6519.17
-28.7%18.7%92.6%-196.1%77.1%100.0%
-17.1%5.5%26.1%-6.2%8.0%5.0%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on Savetech

The operating result for 2025 is a loss of €5,970, after a profit of €9,296 in 2024. It is the lowest result since 2022.

Debt's share of the balance-sheet total falls from 70.6% to 40.4%. Equity and debt are lower.

Board & ownership

Board

1 director
Hani Salim
Director
listed in the 2024 annual accounts, filed on 10-12-2025

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Hani Salim
Director
Board
Mandates as a list
  • Hani Salim
    • Director, from 16-05-2019 to date

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€1
Source
2025 annual accounts

Network & group

No group

Savetech has no parent and no holdings in its annual accounts. Hani Salim is the only director. Savetech shares no director with another company.

Timeline

Timeline

13 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 24 days late
2025
Weakest financial year net -€6,496 The net result drops to -€6,496, the lowest from 2020 to 2025.
Annual accounts 2024 filed PDFmicro format · 132 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0726922552
Registered office moved within BorsbeekNew registered office: Georges de Grooflei 14, 2150 Borsbeek · Previous registered office: Herentalsebaan 61 bus a, 2150 Borsbeek · Board meeting of 01-11-20242 points ▸
  • Board meeting, 01-11-2024
  • Registered-office move, Georges de Grooflei 14, 2150 Borsbeek

Open the deed in the Belgian Official Gazette

2024
Annual accounts 2022 filed PDFabbreviated format · 443 days late
Annual accounts 2023 filed PDFabbreviated format · 77 days late
2023
Back to profit net €21,932 The net result is €21,932, after one loss-making year.
2022
Annual accounts 2021 filed PDFabbreviated format · 24 days late
2021
Annual accounts 2020 filed PDFabbreviated format · 25 days late
Registered office moved from Antwerp to BorsbeekNew registered office: Herentalsebaan 61a, 2150 Borsbeek · Previous registered office: Vleerakkerstraat 25 bus 5 2100 ANTWERPEN · Board meeting of 23-04-20212 points ▸
  • Board meeting, 23-04-2021
  • Registered-office move, Herentalsebaan 61a, 2150 Borsbeek

Open the deed in the Belgian Official Gazette

2019
Incorporation PDFpublished on 22-05-2019
First establishment Georges De Grooflei 14, Antwerp

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 20 May 2019, Savetech was incorporated as a private limited company.1 In 2021 the registered office moved to Borsbeek.2 Total assets went from €51,014 in 2020 to €38,003 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 15-06-2021
  3. 3National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0726.922.552
VAT number
BE 0726.922.552
Peppol ID
0208:0726922552
Other Peppol ID
9925:BE0726922552
Legal form
Private limited company
Status
Active, normal situation
Founded
20-05-2019
Financial year
ends on 31 December
Peppol
Reachable since 22-05-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Savetech in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
46836 Wholesale trade main activity
46842 Wholesale trade
Codes under NACEBEL 2008
46736 Wholesale trade main activity
46742 Wholesale trade

Registered office and establishments

1 establishment
Establishment Since Unit number
Georges De Grooflei 14 registered office 2150 Antwerp 20-05-2019 2.289.861.380
1 former office
  • Vleerakkerstraat 25 bus 5, 2100 Antwerpen until 23-04-2021 · deed of 15-06-2021

Buildings and parcels at the address

Ground area
147 m²
Buildings
80 m²
Volume, LiDAR
473 m³
Tallest building
7.5 m
Buildings to scale, each on its own parcel
80 m², 7.5 m 80 m², 7.5 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
11007A0023/00F006147 m² 1 · 80 m² 7.5 m · 2

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