SAVIC GROUP
ActiveSAVIC GROUP has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.39M and a net result of €1.16M. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 7932 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+10
Solvency91▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €440k at 30 days acceptable
Liquidity ample (current ratio 4.03 against 4.77 in 2024; short-term debt: 15.2% and cash: 14.1% of total assets), and 34.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
65.9%
Return on assets
14.2%
Age of the figures
15 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
29 d late
2023
9 d late
2022
6 d late
2021
on the day
2020
2 d late
2019
57 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€5.39M▲ 22.3%
2024 · €4.40M
2019: €1.51M
2020: €2.11M
2021: €2.85M
2022: €3.50M
2023: €4.00M
2024: €4.40M
2019 → 2025
Total assets
€8.17M▲ 14.5%
2024 · €7.14M
2019: €6.49M
2020: €6.00M
2021: €6.64M
2022: €7.11M
2023: €7.25M
2024: €7.14M
2019 → 2025
Net result
€1.16M▲ 191%
2024 · €398k
2019: €824k
2020: €601k
2021: €741k
2022: €651k
2023: €505k
2024: €398k
2019 → 2025
Working capital
€3.76M▲ 11.6%
2024 · €3.37M
2019: €1.16M
2020: €1.38M
2021: €1.85M
2022: €2.80M
2023: €3.08M
2024: €3.37M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.85M-€3.50M▲ 22.8%€4.00M▲ 14.4%€4.40M▲ 9.9%€5.39M▲ 22.3%
Operating result€1.03M-€900k▼ 12.3%€714k▼ 20.7%€612k▼ 14.2%€1.51M▲ 147%
Net result€741k-€651k▼ 12.3%€505k▼ 22.4%€398k▼ 21.1%€1.16M▲ 191%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 147% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.17M
Fixed assets
€3.18M▲ 10.4%
Current assets
€5.00M▲ 17.3%
Equity and liabilities €8.17M
Equity
€5.39M▲ 22.3%
Provisions
€49k▼ 10.0%
Debt
€2.74M▲ 2.2%
The debt ratio falls from 37.5% to 33.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.79M▲
2024 · €844k
Cash flow
€1.43M▲
2024 · €631k
Solvency
65.9%▲
2024 · 61.7%
Current ratio
4.03▼
2024 · 4.77
Quick ratio
3.22▼
2024 · 3.82
Debt / equity
0.51▼
2024 · 0.61
ROE
21.5%▲
2024 · 9.0%
ROA
14.2%▲
2024 · 5.6%
Interest coverage
46.61▲
2024 · 20.14
Debt
€2.74M▲
2024 · €2.68M
Debt ≤ 1 year
€1.24M▲
2024 · €894k
Debt > 1 year
€1.48M▼
2024 · €1.78M
Income taxes
€357k▲
2024 · €200k
Staff costs
€791k▲
2024 · €764k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€7.14M€8.17M▲
Fixed assets21/28€2.88M€3.18M▲
Intangible fixed assets21€48k€41k▼
Tangible fixed assets22/27€2.26M€2.12M▼
Land and buildings22€1.84M€1.74M▼
Plant, machinery and equipment23€82k€51k▼
Furniture and vehicles24€341k€334k▼
Financial fixed assets28€570k€1.01M▲
Current assets29/58€4.26M€5.00M▲
Stocks and contracts in progress3€850k€1.00M▲
Stocks30/36€850k€841k▼
Contracts in progress37-€163k
Amounts receivable within one year40/41€2.60M€2.76M▲
Trade receivables40€2.35M€2.45M▲
Other amounts receivable41€255k€305k▲
Current investments50/53€184k€0▼
Cash at bank and in hand54/58€570k€1.15M▲
Deferred charges and accrued income490/1€54k€87k▲
Equity and liabilities
Total equity and liabilities10/49€7.14M€8.17M▲
Equity10/15€4.40M€5.39M▲
Contributions10/11€25k€25k=
Reserves13€4.38M€5.36M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€1.20M€1.62M▲
Distributable reserves133€3.18M€3.74M▲
Profit (loss) carried forward14-€0
Provisions and deferred taxes16€55k€49k▼
Deferred taxes168€55k€49k▼
Amounts payable17/49€2.68M€2.74M▲
Amounts payable after more than one year17€1.78M€1.48M▼
Financial debts170/4€1.78M€1.48M▼
Amounts payable within one year42/48€894k€1.24M▲
Current portion of amounts payable after more than one year42€328k€345k▲
Trade debts44€406k€625k▲
Suppliers440/4€406k€625k▲
Taxes, remuneration and social security45€84k€96k▲
Taxes450/3€8k€45k▲
Remuneration and social security454/9€76k€51k▼
Other amounts payable47/48€75k€176k▲
Accrued charges and deferred income492/3€9k€21k▲
Income statement
Code20242025
Non-recurring operating income76A€69k€0▼
Remuneration, social security and pensions62€764k€791k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€232k€273k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€39k€30k▼
Non-recurring operating charges66A€7k€0▼
Gross operating margin9900€1.65M€2.61M▲
Operating profit (loss)9901€612k€1.51M▲
Financial income75/76B€22k€35k▲
Recurring financial income75€22k€35k▲
Financial charges65/66B€42k€38k▼
Recurring financial charges65€42k€38k▼
Profit (loss) for the period before taxes9903€592k€1.51M▲
Transfer from deferred taxes780€6k€5k▼
Income taxes67/77€200k€357k▲
Profit (loss) for the period9904€398k€1.16M▲
Transfer from tax-exempt reserves789€285k€80k▼
Transfer to tax-exempt reserves689€316k€505k▲
Profit (loss) for the period to be appropriated9905€368k€732k▲
Appropriation of the result
Profit (loss) to be appropriated9906€368k€732k▲
Transfer to equity691/2€368k€557k▲
To other reserves6921€368k€557k▲
Profit to be distributed694/7-€175k
Directors or managers695-€175k
Social balance
Average headcount (FTE)908712.213.0▲
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Highest result since 2019net €1.16M ▲191%
Operating result €1.51M, net result €1.16M, both a record.
30-06
Financial
Equity above €5MEq €5.39M ▲22.3%
7 profitable years in a row build equity to €5.39M.
01-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-06
Financial
Weakest financial yearnet €398k ▼21.1%
Net result drops to €398k, the lowest in the series; recovery starts the following year.
09-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 9 days late
2023
06-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 6 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
2020
30-06
Financial
Equity above €2MEq €2.11M ▲39.9%
2 profitable years in a row build equity to €2.11M.
2019
05-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-12
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.
Directors · office · real estate
Directors
6 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, Kortrijk · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Evolis(Kor) 178500 KortrijkGround area
6,992 m²
Building footprint
2,351 m²
Parcel 34353B0772/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
VB SAVIC ENGINEERING
since 20052.144.542.811
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0772/00B000 | Flanders | 6,992 m² | 1 · 2,351 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2022 to 2025 · 6 entries · 30,303 EUR awarded · 27,075 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 9,005 EUR | 5,777 EUR |
| 2024 | 2 | 15,095 EUR | 15,095 EUR |
| 2023 | 1 | 5,753 EUR | 5,753 EUR |
| 2022 | 1 | 450 EUR | 450 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 828 companies in sector 46620 we hold annual accounts for 642. 327 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-2004
Fiscal year end30-06
Activities, NACEBEL
46620Wholesale of machine tools
46644Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.