SAVEUR PIXEL
ActiveSummary
SAVEUR PIXEL has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €259k and a net result of €32k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 70% of 729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+1
Solvency88▲+5
Growth71=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 3.78 against 3.62 in 2024; short-term debt: 12.4% and cash: 32.3% of total assets), and 37.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.5%
Return on assets
7.7%
Age of the figures
9 mo
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
59 d early
2023
42 d early
2022
44 d early
2021
78 d early
2020
74 d early
2019
39 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€188k▲ 9.1%
2024 · €172k
2018: €113k
2019: €70k▼ -37.8% vs 2018lowest value
2020: €129k▲ +83.6% vs 2019
2021: €156k▲ +21.1% vs 2020
2023: €151k
2024: €172k▲ +14.1% vs 2023
2025: €188k▲ +9.1% vs 2024highest value
2018 → 2025
EBIT margin
26.0%▼ 1.4pp
2024 · 27.3%
2018: -6.5%
2019: -80.6%▼ -1139% vs 2018lowest value
2020: -1.6%▲ +98.0% vs 2019
2021: 27.1%▲ +1784% vs 2020
2023: 15.2%
2024: 27.3%▲ +80.1% vs 2023highest value
2025: 26.0%▼ -5.0% vs 2024
2018 → 2025
Net result
€32k▲ 24.2%
2024 · €26k
2018: €-9k
2019: €-60k▼ -558% vs 2018lowest in 8 years
2020: €-6k▲ +89.3% vs 2019
2021: €30k▲ +571% vs 2020
2022: €5k▼ -85.1% vs 2021
2023: €13k▲ +195% vs 2022
2024: €26k▲ +91.1% vs 2023
2025: €32k▲ +24.2% vs 2024highest in 8 years
2018 → 2025
Working capital
€143k▲ 21.8%
2024 · €118k
2018: €79k
2019: €24k▼ -69.0% vs 2018lowest in 8 years
2020: €77k▲ +216% vs 2019
2021: €141k▲ +82.8% vs 2020
2022: €106k▼ -24.4% vs 2021
2023: €106k● +0.0% vs 2022
2024: €118k▲ +10.5% vs 2023
2025: €143k▲ +21.8% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€156k-€151k€172k▲ 14.1%€188k▲ 9.1%
2021: €156k
2023: €151klowest value
2024: €172k▲ +14.1% vs 2023
2025: €188k▲ +9.1% vs 2024highest value
Equity€183k-€188k▲ 2.5%€201k▲ 7.1%€227k▲ 12.7%€259k▲ 14.0%
2021: €183klowest in 5 years
2022: €188k▲ +2.5% vs 2021
2023: €201k▲ +7.1% vs 2022
2024: €227k▲ +12.7% vs 2023
2025: €259k▲ +14.0% vs 2024highest in 5 years
Operating result€42k-€10k▼ 77.1%€23k▲ 137%€47k▲ 105%€49k▲ 3.7%
2021: €42k
2022: €10k▼ -77.1% vs 2021lowest in 5 years
2023: €23k▲ +137% vs 2022
2024: €47k▲ +105% vs 2023
2025: €49k▲ +3.7% vs 2024highest in 5 years
Net result€30k-€5k▼ 85.1%€13k▲ 195%€26k▲ 91.1%€32k▲ 24.2%
2021: €30k
2022: €5k▼ -85.1% vs 2021lowest in 5 years
2023: €13k▲ +195% vs 2022
2024: €26k▲ +91.1% vs 2023
2025: €32k▲ +24.2% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €414k
Fixed assets
€219k ▼ 5.4%
Current assets
€195k ▲ 19.9%
Equity and liabilities €414k
Equity
€259k ▲ 14.0%
Debt
€155k ▼ 7.2%
Debt's share of the balance-sheet total falls from 42.4% to 37.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€66k▲
2024 · €63k
Cash flow
€49k▲
2024 · €42k
Current ratio
3.78▲
2024 · 3.62
Debt to equity
0.60▼
2024 · 0.74
ROE
12.3%▲
2024 · 11.3%
ROA
7.7%▲
2024 · 6.5%
Interest coverage
20.41▲
2024 · 17.23
Debt ≤ 1 year
€52k▲
2024 · €45k
Debt > 1 year
€104k▼
2024 · €122k
Income taxes
€14k▼
2024 · €18k
Staff costs
€78k▲
2024 · €60k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€394k€414k▲
Fixed assets21/28€232k€219k▼
Intangible fixed assets21€598€598=
Tangible fixed assets22/27€231k€218k▼
Land and buildings22€173k€173k=
Plant, machinery and equipment23€42k€35k▼
Furniture and vehicles24€16k€11k▼
Current assets29/58€162k€195k▲
Amounts receivable within one year40/41€59k€61k▲
Trade receivables40€19k€20k▲
Other amounts receivable41€40k€41k▲
Cash at bank and in hand54/58€104k€134k▲
Deferred charges and accrued income490/1€0€0=
Equity and liabilities
Total equity and liabilities10/49€394k€414k▲
Equity10/15€227k€259k▲
Contributions10/11€217k€217k=
Capital10€175k€175k=
Issued capital100€175k€175k=
Outside capital11€42k€42k=
Other1109/19€42k€42k=
Reserves13€4k€4k=
Non-distributable reserves130/1€4k€4k=
Legal reserve130€4k€4k=
Profit (loss) carried forward14€7k€39k▲
Amounts payable17/49€167k€155k▼
Amounts payable after more than one year17€122k€104k▼
Financial debts170/4€122k€104k▼
Amounts payable within one year42/48€45k€52k▲
Financial debts43€19k€19k▼
Credit institutions430/8€19k€19k▼
Trade debts44€10k€5k▼
Suppliers440/4€10k€5k▼
Taxes, remuneration and social security45€16k€27k▲
Taxes450/3€16k€27k▲
Income statement
Code20242025
Turnover70€172k€188k▲
Goods, raw materials, services and sundry goods60/61€64k€59k▼
Remuneration, social security and pensions62€60k€78k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€18k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€126k€148k▲
Operating profit (loss)9901€47k€49k▲
Financial income75/76B€350€433▲
Recurring financial income75€350€433▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€44k€46k▲
Income taxes67/77€18k€14k▼
Profit (loss) for the period9904€26k€32k▲
Profit (loss) for the period to be appropriated9905€26k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€39k▲
Profit (loss) brought forward from the previous period14P€-19k€7k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €156k | - | €151k | €172k | €188k | ▲ 9.1% |
| Goods, raw materials, services and sundry goods60/61 | €46k | - | €52k | €64k | €59k | ▼ 7.4% |
| Remuneration, social security and pensions62 | €53k | €59k | €60k | €60k | €78k | ▲ 29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €52k | €26k | €16k | €18k | ▲ 7.5% |
| Other operating charges640/8 | €3k | €4k | €8k | €2k | €3k | ▲ 113% |
| Gross operating margin9900 | €127k | €125k | €116k | €126k | €148k | ▲ 17.8% |
| Operating profit (loss)9901 | €42k | €10k | €23k | €47k | €49k | ▲ 3.7% |
| Financial income75/76B | €1 | €0 | €479 | €350 | €433 | ▲ 23.7% |
| Recurring financial income75 | €1 | €0 | €479 | €350 | €433 | ▲ 23.7% |
| Financial charges65/66B | €1k | €4k | €4k | €4k | €3k | ▼ 11.6% |
| Recurring financial charges65 | €1k | €4k | €4k | €4k | €3k | ▼ 11.6% |
| Profit (loss) for the period before taxes9903 | €41k | €6k | €19k | €44k | €46k | ▲ 5.2% |
| Income taxes67/77 | €11k | €2k | €6k | €18k | €14k | ▼ 21.8% |
| Profit (loss) for the period9904 | €30k | €5k | €13k | €26k | €32k | ▲ 24.2% |
| Profit (loss) for the period to be appropriated9905 | €30k | €5k | €13k | €26k | €32k | ▲ 24.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €234k | €366k | €369k | €394k | €414k | ▲ 5.0% |
| Fixed assets21/28 | €58k | €219k | €230k | €232k | €219k | ▼ 5.4% |
| Intangible fixed assets21 | €1k | €998 | €713 | €598 | €598 | = |
| Tangible fixed assets22/27 | €56k | €218k | €230k | €231k | €218k | ▼ 5.5% |
| Land and buildings22 | - | €180k | €173k | €173k | €173k | = |
| Plant, machinery and equipment23 | €26k | €24k | €46k | €42k | €35k | ▼ 17.4% |
| Furniture and vehicles24 | €11k | €8k | €11k | €16k | €11k | ▼ 33.2% |
| Leasing and similar rights25 | €19k | €5k | - | - | - | - |
| Current assets29/58 | €176k | €148k | €139k | €162k | €195k | ▲ 19.9% |
| Amounts receivable within one year40/41 | €57k | €68k | €65k | €59k | €61k | ▲ 3.4% |
| Trade receivables40 | €34k | €31k | €34k | €19k | €20k | ▲ 5.3% |
| Other amounts receivable41 | €23k | €36k | €31k | €40k | €41k | ▲ 2.6% |
| Cash at bank and in hand54/58 | €118k | €80k | €74k | €104k | €134k | ▲ 29.2% |
| Deferred charges and accrued income490/1 | €265 | €0 | €0 | €0 | €0 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €234k | €366k | €369k | €394k | €414k | ▲ 5.0% |
| Equity10/15 | €183k | €188k | €201k | €227k | €259k | ▲ 14.0% |
| Contributions10/11 | €217k | €217k | €217k | €217k | €217k | = |
| Capital10 | €175k | €175k | €175k | €175k | €175k | = |
| Issued capital100 | €175k | €175k | €175k | €175k | €175k | = |
| Outside capital11 | €42k | €42k | €42k | €42k | €42k | = |
| Other1109/19 | €42k | €42k | €42k | €42k | €42k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | €4k | €4k | €4k | €4k | €4k | = |
| Legal reserve130 | €4k | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-37k | €-32k | €-19k | €7k | €39k | ▲ 461% |
| Amounts payable17/49 | €50k | €178k | €168k | €167k | €155k | ▼ 7.2% |
| Amounts payable after more than one year17 | €15k | €137k | €136k | €122k | €104k | ▼ 15.3% |
| Financial debts170/4 | €15k | €137k | €136k | €122k | €104k | ▼ 15.3% |
| Amounts payable within one year42/48 | €35k | €41k | €32k | €45k | €52k | ▲ 14.8% |
| Current portion of amounts payable after more than one year42 | €13k | €11k | €3k | - | - | - |
| Financial debts43 | €2k | €12k | €16k | €19k | €19k | ▼ 1.4% |
| Credit institutions430/8 | €2k | €12k | €16k | €19k | €19k | ▼ 1.4% |
| Trade debts44 | €6k | €3k | €2k | €10k | €5k | ▼ 43.3% |
| Suppliers440/4 | €6k | €3k | €2k | €10k | €5k | ▼ 43.3% |
| Taxes, remuneration and social security45 | €15k | €16k | €11k | €16k | €27k | ▲ 67.9% |
| Taxes450/3 | €15k | €16k | €11k | €16k | €27k | ▲ 67.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €5k | €13k | €26k | €32k | ▲ 24.2% |
| + Depreciation and write-downs630 | €29k | €52k | €26k | €16k | €18k | ▲ 7.5% |
| Operating cash flow (approximation) | €59k | €57k | €39k | €42k | €49k | ▲ 17.7% |
| Investment in fixed assets (approximation) | - | €-213k | €-38k | €-18k | €-5k | ▲ 71.3% |
| Change in cash | - | €-38k | €-7k | €30k | €30k | ▲ 1.2% |
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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €32k ▲24.2%
Operating result €49k, net result €32k, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €200kEq €201k ▲7.1%
3 profitable years in a row build equity to €201k.
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €30k
Net result €30k after 3 loss-making years.
31-12
Financial
Equity above €150kEq €183k ▲64.4%
Equity rises from €112k to €183k.
18-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €100kEq €112k
Equity rises from €-22k to €112k.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-60k
Net result drops to €-60k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Nivelles · 1 establishment unit since 2015
Ground area
962 m²
Building footprint
129 m²
Parcel 25783F0251/00B002, Wallonia. Linked by address, not a title deed.
1 establishment unit
SAVEUR PIXEL
since 20152.239.432.862
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25783F0251/00B002 | Wallonia | 962 m² | 1 · 129 m² | - |
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.
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 4,986 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
Founded17-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
18130Pre-press and pre-media services
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.