Result
-€520,870 -€520,870
From profit to loss in 2025, after a profit of €649,222 in 2024.
SAVIC
Lifetime
19 annual accounts with figures on one time axis, 49 filings since 1977peak €31.7m (2021)
€14.3m▼ 25.1%
lowest -€789,529 (2022)
-€520,870▼ €1.2m
peak €12.9m (2010)
€11.4m▼ 4.4%
€3.4m▼ 29.0%
peak 118.5 FTE (2021)
82.1 FTE▼ 7.9%
Board5 names since 2020
4 directorsAnne-Sofie Doornaert and 3 others
Owners
99.99%EDOSA
Documentsfilings and deeds
14-07-202617 days before the deadline
2025financial year
Turnover from €19.1m to €14.3mLoss of €520,8704 directors reappointed 08-08Debts from €4.7m to €3.4m
Key points
from the 2025 annual accountsStaff
82.1 FTE from 118.5 in 2021
Between 2021 and 2025, 31% of the full-time equivalents disappeared.
Payment terms
44 days to suppliers
SAVIC pays its suppliers 19 days later than in 2024. Customers pay 1 day earlier.
Filings
49 annual accounts since 1977
The 2018 accounts came 21 days late. The other nine of the last ten were filed on time.
Position in the sector
-€520,870
Lower net result than 87% of companies in rubber and plastics. Sector median €154,622 · 230 companies.
Public support
€126,579 awarded from 2022 to 2025
Flemish support, mostly Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel).
Checked score
91
Excellent
Financially stronger than 55% of medium-sized companies in rubber and plastics (NACE 22)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 77 companies (NACE 22, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Loss of €520,870 (financial year 2025)
Sector: Manufacture of rubber and plastic products (NACE 22)
lowers risk
Founded in 1966
Equity €11.4m (72.2% of total assets)
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 22, medium-sized). It does better than 76% of them on solvency, 86% on liquidity, 36% on profitability and 21% on growth.
The bankruptcy probability was computed on 06-11-2026 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 very low class on 30-06-2025, 0.1% 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, 830 companies had the same profile as SAVIC has now. Each dot stands for 3 companies, two years later.
96.5%
were still trading
2.9%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of SAVIC itself: 0.2% 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.
| 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 830 companies, not a prediction for SAVIC. 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 €1,000,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.16 (2.58 in 2024), above the usual 1.5. Short-term debt is 15.2% and cash 8.9% of total assets. 27.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 days early
2024
45 days early
2023
15 days early
2022
34 days early
2021
27 days early
2020
37 days early
2019
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 22), the median for financial year 2024 was 14 days before the deadline, and 34% 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 4 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0405364879
4 directors reappointed
Anne-Sofie Doornaert (managing director), Dragan Doornaert (managing director), NV EDOSA and Mirjana Savic (managing director) · General meeting of 10-06-2025 · Gazette deed
Reappointment: CALLENS VANDELANOTTE (statutory auditor)
Permanent representative: Francis Rysman · General meeting of 11-06-2024 · Gazette deed
Reappointment: CVBA VANDELANOTTE BEDRIJFSREVISOREN (statutory auditor)
Permanent representative: Francis Rysman · General meeting of 17-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SAVIC Kortrijk | €14.3m | -2.0% | 72.2% | 82.1 |
| PELEMAN INDUSTRIES Puurs-Sint-Amands | €12.3m | 29.2% | 64.3% | 84.2 |
| LEMAHIEU H.K. Beernem | €16.9m | 19.5% | 65.7% | 49.4 |
| PLASTIC COLOR Aalst | €13.4m | 2.6% | 16.6% | 42.5 |
| Moderna Products Izegem | €23.5m | 4.7% | 25.0% | 64.1 |
| PLASTIC UNION Menen | €14.9m | 6.7% | 84.6% | 29.9 |
| VANEFLON Hamme (Vl.) | €11.9m | 24.5% | 27.0% | 41.9 |
Grey: the largest companies of the sector (rubber and plastics (NACE 22)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SAVIC: manufacture of rubber and plastic products (NACE 22260). They are comparable in size and age: total assets between €8.3m and €31m, founded between 1955 and 1981.
Official details
Source: KBO- Status
- Active since 14-04-1966Normal situation
- Activity
- Manufacture of rubber and plastic productsNACE 22260and 4 others
- Joint committees
- 209White-collar workers in metal manufacturing
- 111Metal, mechanical and electrical engineering · annual accounts 2025
- Establishment units
- 2.103.687.4018501 Kortrijk, since 01-01-1800
- 2.103.687.3028501 Kortrijk, since 01-05-1966
- Financial year end
- 31 December
- Peppol
- Reachable since 17-10-2025
Annual accounts 2025
- €15.7m▼ 10.9%
- Employeeson 31-12-2025
- 87▼ 5.4%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on SAVIC
SAVIC has existed since 1966. Turnover fell from €18.6m in 2007 to €14.3m in 2025.
Turnover has fallen every year since 2021.
EDOSA holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SAVIC
- What is the company number of SAVIC?
- The company number of SAVIC is 0405.364.879. The VAT number is the same number with BE in front: BE 0405.364.879.
- Where is SAVIC based?
- The registered office is at Ringlaan 10, 8501 Kortrijk.Company details
- What does SAVIC do?
- According to the KBO register, the main activity is manufacture of rubber and plastic products (NACE 22260).
- What is the legal form of SAVIC?
- SAVIC is a public limited company (NV).
- When was SAVIC founded?
- SAVIC was founded on 14-04-1966.
- Is SAVIC still active?
- Yes, SAVIC is an active enterprise in the KBO register.
- How many employees does SAVIC have?
- SAVIC had an average of 82.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SAVIC fall under?
- In its 2025 annual accounts, SAVIC states joint committees 209 (White-collar workers in metal manufacturing) and 111 (Metal, mechanical and electrical engineering).
- What is the turnover of SAVIC?
- The turnover of SAVIC was €14.3m in financial year 2025, according to the filed annual accounts.
- Is SAVIC profitable?
- In financial year 2025, SAVIC made a loss of €520,870.
- Where can I find the annual accounts of SAVIC?
- SAVIC filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SAVIC due?
- SAVIC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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