SAVEYN
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 05-06-2026 PDF all 5 filings
Turnover
≈ €120,000
Estimated: probably between €75,000 and €220,000
Total assets
€34,136▲ 16.8%
2024 · €29,224
Net result
€23,080▲ 95.4%
2024 · €11,810
Working capital
€22,536▲ 36.6%
2024 · €16,502
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€30,679
▲ 94.2%
2025
20212025
Net result
€23,080
▲ 95.4%
2025
middle half of the sector
20212025
Equity
€24,665
▲ 13.5%
2025
middle half of the sector
20212025
Total assets
€34,136
▲ 16.8%
2025
lowest quarter of the sector
20212025
Debt
€9,471
▲ 26.4%
2025
20212025
Working capital
€22,536
▲ 36.6%
2025
middle half of the sector
20212025
Solvency
72.3%
▼ 2.1pp
2025
highest quarter of the sector
20212025
Current ratio
3.38
▲ 0.18
2025
highest quarter of the sector
20212025
Return on assets (ROA)
67.6%
▲ 27.2pp
2025
highest quarter of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€23,650-€3,017▼ 87.2%€3,636▲ 20.5%€15,801▲ 335%€30,679▲ 94.2%
Net result€14,692within the sector's middle half-€220below the sector's middle half▼ 98.5%€1,774within the sector's middle half▲ 706%€11,810within the sector's middle half▲ 566%€23,080within the sector's middle half▲ 95.4%
Equity€19,692below the sector's middle half-€19,912below the sector's middle half▲ 1.1%€21,686below the sector's middle half▲ 8.9%€21,732below the sector's middle half▲ 0.2%€24,665within the sector's middle half▲ 13.5%
Total assets€30,856below the sector's middle half-€34,193below the sector's middle half▲ 10.8%€30,536below the sector's middle half▼ 10.7%€29,224below the sector's middle half▼ 4.3%€34,136below the sector's middle half▲ 16.8%
Debt€11,164-€14,281▲ 27.9%€8,850▼ 38.0%€7,493▼ 15.3%€9,471▲ 26.4%
Working capital€14,948within the sector's middle half-€16,360within the sector's middle half▲ 9.4%€19,425within the sector's middle half▲ 18.7%€16,502within the sector's middle half▼ 15.0%€22,536within the sector's middle half▲ 36.6%
Solvency63.8%within the sector's middle half-58.2%within the sector's middle half▼ 5.6pp71.0%above the sector's middle half▲ 12.8pp74.4%above the sector's middle half▲ 3.3pp72.3%above the sector's middle half▼ 2.1pp
Current ratio2.34within the sector's middle half-2.15within the sector's middle half▼ 0.193.19above the sector's middle half▲ 1.053.20within the sector's middle half▲ 0.013.38above the sector's middle half▲ 0.18
Return on assets (ROA)47.6%above the sector's middle half-0.6%within the sector's middle half▼ 47.0pp5.8%within the sector's middle half▲ 5.2pp40.4%above the sector's middle half▲ 34.6pp67.6%above the sector's middle half▲ 27.2pp
above
within
below
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). 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 94% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34,136
Fixed assets
€2,128 ▼ 59.3%
Current assets
€32,007 ▲ 33.4%
Equity and liabilities €34,136
Equity
€24,665 ▲ 13.5%
Debt
€9,471 ▲ 26.4%
Debt's share of the balance-sheet total rises from 25.6% to 27.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31,753▲
2024 · €17,091
Cash flow
€24,155▲
2024 · €13,101
Debt to equity
0.38▲
2024 · 0.34
ROE
93.6%▲
2024 · 54.3%
Interest coverage
42.94▲
2024 · 17.46
Debt ≤ 1 year
€9,471▲
2024 · €7,493
Income taxes
€6,859▲
2024 · €3,011
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,959 | - | - | €4,258 | €1,512 |
| Intangible fixed assets | €0 | - | - | - | - |
| Financial fixed assets | €0 | - | - | - | €0 |
| Depreciation and write-downs of the year | €3,238 | €1,192 | €1,291 | €1,290 | €1,075 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €9,432 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,238 | €1,192 | €1,291 | €1,290 | €1,075 | ▼ 16.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€1,426 | - |
| Other operating charges640/8 | €3,668 | €989 | €683 | €882 | €634 | ▼ 28.2% |
| Gross operating margin9900 | €30,556 | €5,198 | €5,610 | €17,973 | €30,961 | ▲ 72.3% |
| Operating profit (loss)9901 | €23,650 | €3,017 | €3,636 | €15,801 | €30,679 | ▲ 94.2% |
| Financial income75/76B | €1 | €1 | €0 | - | - | - |
| Recurring financial income75 | €1 | €1 | €0 | - | - | - |
| Financial charges65/66B | €2,209 | €1,482 | €1,361 | €979 | €739 | ▼ 24.5% |
| Recurring financial charges65 | €2,209 | €1,482 | €1,361 | €979 | €739 | ▼ 24.5% |
| Profit (loss) for the period before taxes9903 | €21,442 | €1,535 | €2,275 | €14,822 | €29,939 | ▲ 102% |
| Income taxes67/77 | €6,750 | €1,315 | €501 | €3,011 | €6,859 | ▲ 128% |
| Profit (loss) for the period9904 | €14,692 | €220 | €1,774 | €11,810 | €23,080 | ▲ 95.4% |
| Profit (loss) for the period to be appropriated9905 | €14,692 | €220 | €1,774 | €11,810 | €23,080 | ▲ 95.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,856 | €34,193 | €30,536 | €29,224 | €34,136 | ▲ 16.8% |
| Fixed assets21/28 | €4,744 | €3,552 | €2,261 | €5,229 | €2,128 | ▼ 59.3% |
| Tangible fixed assets22/27 | €4,744 | €3,552 | €2,261 | €5,229 | €2,128 | ▼ 59.3% |
| Plant, machinery and equipment23 | €1,412 | €1,091 | €744 | €423 | €102 | ▼ 75.8% |
| Furniture and vehicles24 | €3,332 | €2,461 | €1,517 | €4,806 | €2,026 | ▼ 57.8% |
| Current assets29/58 | €26,112 | €30,641 | €28,275 | €23,995 | €32,007 | ▲ 33.4% |
| Amounts receivable within one year40/41 | €13,311 | €5,602 | €11,672 | €16,591 | €21,050 | ▲ 26.9% |
| Trade receivables40 | €11,773 | €0 | - | €12,500 | €21,050 | ▲ 68.4% |
| Other amounts receivable41 | €1,538 | €5,602 | €11,672 | €4,091 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €12,801 | €2,539 | €2,103 | €7,404 | €10,957 | ▲ 48.0% |
| Deferred charges and accrued income490/1 | - | €22,500 | €14,500 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,856 | €34,193 | €30,536 | €29,224 | €34,136 | ▲ 16.8% |
| Equity10/15 | €19,692 | €19,912 | €21,686 | €21,732 | €24,665 | ▲ 13.5% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €14,500 | €14,500 | €14,500 | €14,500 | €14,500 | = |
| Distributable reserves133 | €14,500 | €14,500 | €14,500 | €14,500 | €14,500 | = |
| Profit (loss) carried forward14 | €192 | €412 | €2,186 | €2,232 | €5,165 | ▲ 131% |
| Amounts payable17/49 | €11,164 | €14,281 | €8,850 | €7,493 | €9,471 | ▲ 26.4% |
| Amounts payable within one year42/48 | €11,164 | €14,281 | €8,850 | €7,493 | €9,471 | ▲ 26.4% |
| Trade debts44 | €1,329 | €11,531 | €6,450 | €2,923 | €5,915 | ▲ 102% |
| Suppliers440/4 | €1,329 | €11,531 | €6,450 | €2,923 | €5,915 | ▲ 102% |
| Taxes, remuneration and social security45 | €9,250 | €2,750 | €2,400 | €2,150 | €2,522 | ▲ 17.3% |
| Taxes450/3 | €9,250 | €2,750 | €2,400 | €2,150 | €2,522 | ▲ 17.3% |
| Other amounts payable47/48 | €586 | €0 | - | €2,420 | €1,034 | ▼ 57.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,692 | €220 | €1,774 | €11,810 | €23,080 | ▲ 95.4% |
| + Depreciation and write-downs630 | €3,238 | €1,192 | €1,291 | €1,290 | €1,075 | ▼ 16.7% |
| Operating cash flow (approximation) | €17,929 | €1,412 | €3,065 | €13,101 | €24,155 | ▲ 84.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€4,258 | €2,026 | - |
| Change in cash | - | -€10,263 | -€435 | €5,301 | €3,553 | ▼ 33.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as SAVEYN has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SAVEYN itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 26,972 companies, not a prediction for SAVEYN. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 05-06-2026 | 2026-00140326 | |
| 31-12-2024 | micro format | 06-02-2025 | 2025-00030398 | |
| 31-12-2023 | micro format | 10-07-2024 | 2024-00230294 | |
| 31-12-2022 | micro format | 12-05-2023 | 2023-00086031 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20149046 |