SAVI
ActiveSummary
SAVI has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €612,244 and a net result of -€3,201. Equity is growing by ~10.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▼-40
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 6.26 against 3.25 in 2024; short-term debt: 6.1% and cash: 21.6% of total assets), and 6.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 45
Relative position
BE, all sectors
reference
Wholesale/retail of motor vehicles (NACE 45)
about 54% more 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
93.9%
Return on assets
-0.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
37 d early
2023
35 d early
2022
38 d early
2021
30 d early
2020
38 d early
2019
41 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 36 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 27 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€612,244▼ 0.5%
2024 · €615,445
Total assets
€652,089▼ 8.3%
2024 · €711,220
Net result
-€3,201
2024 · €18,217
Working capital
€209,675▼ 2.6%
2024 · €215,252
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€564,218€10,772▼ 98.1%€12,499▲ 16.0%€24,899▲ 99.2%-€8,540
Net result€453,621€2,867▼ 99.4%€3,148▲ 9.8%€18,217▲ 479%-€3,201
Equity€617,860▲ 276%€594,081▼ 3.8%€597,229▲ 0.5%€615,445▲ 3.1%€612,244▼ 0.5%
Total assets€918,218▲ 72.6%€685,293▼ 25.4%€689,611▲ 0.6%€711,220▲ 3.1%€652,089▼ 8.3%
Debt€260,427▼ 29.2%€51,282▼ 80.3%€52,452▲ 2.3%€95,774▲ 82.6%€39,844▼ 58.4%
Working capital€324,981€291,384▼ 10.3%€296,803▲ 1.9%€215,252▼ 27.5%€209,675▼ 2.6%
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 €8,540 after €24,899 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €652,089
Fixed assets
€402,569 ▲ 0.6%
Current assets
€249,519 ▼ 19.8%
Equity and liabilities €652,089
Equity
€612,244 ▼ 0.5%
Debt
€39,844 ▼ 58.4%
Debt's share of the balance-sheet total falls from 13.5% to 6.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€5,450▼
2024 · €27,549
Cash flow
-€111▼
2024 · €20,866
Current ratio
6.26▲
2024 · 3.25
Quick ratio
6.16▲
2024 · 3.20
Debt to equity
0.07▼
2024 · 0.16
ROE
-0.5%▼
2024 · 3.0%
ROA
-0.5%▼
2024 · 2.6%
Interest coverage
-1.83▼
2024 · 4.36
Debt ≤ 1 year
€39,844▼
2024 · €95,774
Income taxes
€0▼
2024 · €8,549
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 8,616 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | €41,140 | €4,041 | ▼ 90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €1,538 | €2,271 | €2,649 | €3,090 | ▲ 16.6% |
| Other operating charges640/8 | - | €3,659 | €2,415 | €2,613 | €9,914 | ▲ 279% |
| Non-recurring operating charges66A | - | €0 | €1,210 | €621 | €0 | ▼ 100% |
| Gross operating margin9900 | €608,705 | €15,969 | €18,395 | €30,782 | €4,464 | ▼ 85.5% |
| Operating profit (loss)9901 | €564,218 | €10,772 | €12,499 | €24,899 | -€8,540 | ▼ 134% |
| Financial income75/76B | - | €0 | €2,105 | €8,192 | €8,323 | ▲ 1.6% |
| Recurring financial income75 | - | €0 | €2,105 | €8,192 | €8,323 | ▲ 1.6% |
| Financial charges65/66B | - | €7,083 | €10,329 | €6,326 | €2,984 | ▼ 52.8% |
| Recurring financial charges65 | €8,130 | €7,083 | €10,329 | €6,326 | €2,984 | ▼ 52.8% |
| Profit (loss) for the period before taxes9903 | €556,088 | €3,689 | €4,275 | €26,766 | -€3,201 | ▼ 112% |
| Income taxes67/77 | €102,467 | €822 | €1,126 | €8,549 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €453,621 | €2,867 | €3,148 | €18,217 | -€3,201 | ▼ 118% |
| Profit (loss) for the period to be appropriated9905 | €453,621 | €2,867 | €3,148 | €18,217 | -€3,201 | ▼ 118% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €918,218 | €685,293 | €689,611 | €711,220 | €652,089 | ▼ 8.3% |
| Fixed assets21/28 | €332,809 | €342,627 | €340,356 | €400,193 | €402,569 | ▲ 0.6% |
| Tangible fixed assets22/27 | €332,809 | €342,627 | €340,356 | €400,193 | €402,569 | ▲ 0.6% |
| Land and buildings22 | - | - | - | €3,406 | €3,027 | ▼ 11.1% |
| Plant, machinery and equipment23 | - | €9,817 | €7,546 | €5,275 | €3,004 | ▼ 43.1% |
| Furniture and vehicles24 | - | - | - | - | €5,026 | - |
| Other tangible fixed assets26 | - | €332,809 | €332,809 | €391,512 | €391,512 | = |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €585,409 | €342,666 | €349,255 | €311,027 | €249,519 | ▼ 19.8% |
| Stocks and contracts in progress3 | €4,126 | €4,126 | €4,126 | €4,126 | €4,126 | = |
| Stocks30/36 | - | €4,126 | €4,126 | €4,126 | €4,126 | = |
| Amounts receivable within one year40/41 | €621 | €13,530 | €46,845 | €49,520 | €34,635 | ▼ 30.1% |
| Trade receivables40 | - | €502 | €38,720 | €38,720 | €21,780 | ▼ 43.8% |
| Other amounts receivable41 | - | €13,028 | €8,125 | €10,800 | €12,855 | ▲ 19.0% |
| Current investments50/53 | - | - | €203,836 | €192,119 | €70,000 | ▼ 63.6% |
| Cash at bank and in hand54/58 | €580,662 | €325,010 | €94,448 | €65,261 | €140,758 | ▲ 116% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €918,218 | €685,293 | €689,611 | €711,220 | €652,089 | ▼ 8.3% |
| Equity10/15 | €617,860 | €594,081 | €597,229 | €615,445 | €612,244 | ▼ 0.5% |
| Contributions10/11 | €123,947 | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Capital10 | - | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Issued capital100 | - | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Reserves13 | €489,762 | €465,982 | €465,982 | €491,499 | €488,298 | ▼ 0.7% |
| Non-distributable reserves130/1 | - | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Legal reserve130 | - | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Distributable reserves133 | - | €453,587 | €453,587 | €479,104 | €475,903 | ▼ 0.7% |
| Profit (loss) carried forward14 | €4,152 | €4,152 | €7,300 | €0 | - | - |
| Provisions and deferred taxes16 | €39,930 | €39,930 | €39,930 | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | €39,930 | €39,930 | €0 | - | - |
| Other liabilities and charges164/5 | - | €39,930 | €39,930 | €0 | - | - |
| Amounts payable17/49 | €260,427 | €51,282 | €52,452 | €95,774 | €39,844 | ▼ 58.4% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €260,427 | €51,282 | €52,452 | €95,774 | €39,844 | ▼ 58.4% |
| Trade debts44 | €348 | €425 | €432 | €60,336 | €2,361 | ▼ 96.1% |
| Suppliers440/4 | - | €425 | €432 | €60,336 | €2,361 | ▼ 96.1% |
| Taxes, remuneration and social security45 | - | €7,233 | €6,780 | €1,737 | €1,683 | ▼ 3.1% |
| Taxes450/3 | - | €7,233 | €6,780 | €1,737 | €1,683 | ▼ 3.1% |
| Other amounts payable47/48 | - | €43,624 | €45,240 | €33,701 | €35,800 | ▲ 6.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €453,621 | €2,867 | €3,148 | €18,217 | -€3,201 | ▼ 118% |
| + Depreciation and write-downs630 | €0 | €1,538 | €2,271 | €2,649 | €3,090 | ▲ 16.6% |
| Operating cash flow (approximation) | €453,621 | €4,405 | €5,419 | €20,866 | -€111 | ▼ 101% |
| Investment in fixed assets (approximation) | - | -€11,355 | €0 | -€62,487 | -€5,466 | ▲ 91.3% |
| Change in cash | - | -€255,652 | -€230,562 | -€29,187 | €75,497 | ▲ 359% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity triplescurrent ratio 6.68
Current ratio from 2.25 to 6.68; short-term debt falls from €260,427 to €51,282.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €453,621
Net result €453,621 after 3 loss-making years.
30-09
Financial
Liquidity times 11current ratio 2.25
Current ratio from 0.21 to 2.25.
30-09
Financial
Equity above €500,000Eq €617,860 ▲276%
Equity rises from €164,240 to €617,860.
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Knokke-Heist · 2 establishment units since 2000
Ground area
5,968 m²
Building footprint
1,829 m²
Volume, LiDAR
1,070 m³
2 parcels, Flanders · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
SAVI
since 20002.045.095.540
SAVI
since 20182.277.247.026
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44008C0472/00V000 | Flanders | 5,893 m² | 1 · 1,754 m² | - |
| 31334B0457/00B000 | Flanders | 75 m² | 1 · 75 m² | 17.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 295 companies in sector 45212 we hold annual accounts for 247. 180 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-09-1989
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
46150Agents in the wholesale of furniture, household goods and hardware
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46180Agents specialised in the wholesale of other particular products
46423Wholesale of clothing, excluding workwear and underwear
47400Retail sale of information and communication equipment
47639Retail sale of other sporting goods
62200Computer consultancy and computer facilities management
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
71111Activities of building architects
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438395359
Also
9925:BE0438395359
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.