SAVO
ActiveSummary
The computed 12-month bankruptcy probability of SAVO is 1.6% (moderate). The 2024 annual accounts show equity of €5,000 and a net result of €27,497. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 15872 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+82
Solvency33▲+15
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
7.8%
Return on assets
42.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
14 d early
2022
110 d early
2021
33 d early
2020
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 42 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€5,000
2023 · -€6,469
Total assets
€64,235▼ 33.9%
2023 · €97,177
Net result
€27,497
2023 · -€11,469
Working capital
-€41,231▲ 31.7%
2023 · -€60,397
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€6,235-€12,276▲ 96.9%€28,973▲ 136%€9,341▼ 67.8%€45,322▲ 385%
Net result€2,934within the sector's middle half-€7,649within the sector's middle half▲ 161%€20,454within the sector's middle half▲ 167%-€11,469below the sector's middle half€27,497above the sector's middle half
Equity€7,134within the sector's middle half-€13,983within the sector's middle half▲ 96.0%€5,000below the sector's middle half▼ 64.2%-€6,469below the sector's middle half€5,000below the sector's middle half
Total assets€38,711below the sector's middle half-€34,194below the sector's middle half▼ 11.7%€113,412within the sector's middle half▲ 232%€97,177within the sector's middle half▼ 14.3%€64,235below the sector's middle half▼ 33.9%
Debt€31,577-€20,211▼ 36.0%€108,412▲ 436%€103,646▼ 4.4%€59,235▼ 42.8%
Working capital-€311within the sector's middle half--€741within the sector's middle half▼ 138%-€52,910below the sector's middle half▼ 7,045%-€60,397below the sector's middle half▼ 14.1%-€41,231below the sector's middle half▲ 31.7%
Solvency18.4%within the sector's middle half-40.9%within the sector's middle half▲ 22.5pp4.4%below the sector's middle half▼ 36.5pp-6.7%below the sector's middle half▼ 11.1pp7.8%within the sector's middle half▲ 14.4pp
Current ratio0.99within the sector's middle half-0.96within the sector's middle half▼ 0.030.51below the sector's middle half▼ 0.450.42below the sector's middle half▼ 0.090.30below the sector's middle half▼ 0.11
Return on assets (ROA)7.6%within the sector's middle half-22.4%above the sector's middle half▲ 14.8pp18.0%above the sector's middle half▼ 4.3pp-11.8%below the sector's middle half▼ 29.8pp42.8%above the sector's middle half▲ 54.6pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 385% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €64,235
Fixed assets
€46,231 ▼ 14.9%
Current assets
€18,004 ▼ 58.0%
Equity and liabilities €64,235
Equity
€5,000
Debt
€59,235
Debt finances 92.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€53,392▲
2023 · €16,721
Cash flow
€35,567▲
2023 · -€4,089
Debt to equity
11.85▲
2023 · -16.02
ROE
549.9%
Interest coverage
10.55▲
2023 · 1.66
Debt ≤ 1 year
€59,235▼
2023 · €103,273
Income taxes
€12,905▲
2023 · €10,741
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 2,151 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €115 | €1,838 | €7,379 | €8,070 | ▲ 9.4% |
| Other operating charges640/8 | - | €254 | €993 | €11,290 | €3,839 | ▼ 66.0% |
| Gross operating margin9900 | €6,423 | €12,645 | €31,804 | €28,011 | €57,231 | ▲ 104% |
| Operating profit (loss)9901 | €6,235 | €12,276 | €28,973 | €9,341 | €45,322 | ▲ 385% |
| Financial income75/76B | - | €0 | €0 | €1 | €140 | ▲ 13,917% |
| Recurring financial income75 | €671 | €0 | €0 | €1 | €140 | ▲ 13,917% |
| Financial charges65/66B | - | €1,574 | €3,798 | €10,070 | €5,060 | ▼ 49.8% |
| Recurring financial charges65 | €1,755 | €1,574 | €3,798 | €10,070 | €5,060 | ▼ 49.8% |
| Profit (loss) for the period before taxes9903 | €5,151 | €10,703 | €25,175 | -€728 | €40,402 | ▲ 5,650% |
| Income taxes67/77 | €2,217 | €3,054 | €4,721 | €10,741 | €12,905 | ▲ 20.2% |
| Profit (loss) for the period9904 | €2,934 | €7,649 | €20,454 | -€11,469 | €27,497 | ▲ 340% |
| Profit (loss) for the period to be appropriated9905 | €2,934 | €7,649 | €20,454 | -€11,469 | €27,497 | ▲ 340% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,711 | €34,194 | €113,412 | €97,177 | €64,235 | ▼ 33.9% |
| Fixed assets21/28 | €8,500 | €15,375 | €58,392 | €54,301 | €46,231 | ▼ 14.9% |
| Tangible fixed assets22/27 | €8,500 | €15,375 | €58,392 | €54,301 | €46,231 | ▼ 14.9% |
| Furniture and vehicles24 | - | €1,023 | €12,805 | €12,580 | €8,376 | ▼ 33.4% |
| Other tangible fixed assets26 | - | €14,353 | €45,587 | €41,721 | €37,855 | ▼ 9.3% |
| Current assets29/58 | €30,211 | €18,819 | €55,020 | €42,876 | €18,004 | ▼ 58.0% |
| Amounts receivable within one year40/41 | €2,615 | €1,468 | €1,778 | €4,183 | €2,009 | ▼ 52.0% |
| Trade receivables40 | - | - | - | €1,407 | €982 | ▼ 30.2% |
| Other amounts receivable41 | - | €1,468 | €1,778 | €2,776 | €1,027 | ▼ 63.0% |
| Cash at bank and in hand54/58 | €24,864 | €10,995 | €45,513 | €34,325 | €7,391 | ▼ 78.5% |
| Deferred charges and accrued income490/1 | - | €6,356 | €7,729 | €4,368 | €8,603 | ▲ 97.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,711 | €34,194 | €113,412 | €97,177 | €64,235 | ▼ 33.9% |
| Equity10/15 | €7,134 | €13,983 | €5,000 | -€6,469 | €5,000 | ▲ 177% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €2,134 | €8,983 | €0 | €0 | - | - |
| Distributable reserves133 | - | €8,983 | €0 | €0 | - | - |
| Profit (loss) carried forward14 | - | €0 | €0 | -€11,469 | €0 | ▲ 100% |
| Amounts payable17/49 | €31,577 | €20,211 | €108,412 | €103,646 | €59,235 | ▼ 42.8% |
| Amounts payable within one year42/48 | €30,522 | €19,559 | €107,930 | €103,273 | €59,235 | ▼ 42.6% |
| Trade debts44 | €2,001 | €5,804 | €18,919 | €10,560 | €13,626 | ▲ 29.0% |
| Suppliers440/4 | - | €5,804 | €18,919 | €10,560 | €13,626 | ▲ 29.0% |
| Taxes, remuneration and social security45 | - | €6,144 | €10,625 | €7,571 | €2,850 | ▼ 62.4% |
| Taxes450/3 | - | €6,144 | €10,625 | €7,571 | €2,850 | ▼ 62.4% |
| Other amounts payable47/48 | - | €7,611 | €78,387 | €85,142 | €42,759 | ▼ 49.8% |
| Accrued charges and deferred income492/3 | - | €651 | €481 | €373 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,934 | €7,649 | €20,454 | -€11,469 | €27,497 | ▲ 340% |
| + Depreciation and write-downs630 | - | €115 | €1,838 | €7,379 | €8,070 | ▲ 9.4% |
| Operating cash flow (approximation) | €2,934 | €7,764 | €22,292 | -€4,089 | €35,567 | ▲ 970% |
| Investment in fixed assets (approximation) | - | -€6,990 | -€44,855 | -€3,288 | €0 | ▲ 100% |
| Change in cash | - | -€13,869 | €34,518 | -€11,189 | -€26,933 | ▼ 141% |
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
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €27,497
Net result €27,497 after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€11,469
Net result drops to -€11,469, the lowest in the series; recovery starts the following year.
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Martens-Latem · 1 establishment unit since 2019
Ground area
2,095 m²
Building footprint
257 m²
Volume, LiDAR
1,454 m³
Parcel 44015A0036/00A002, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SAVO
since 20192.295.469.168
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015A0036/00A002 | Flanders | 2,095 m² | 1 · 257 m² | 7.5 m · 2 fl. |
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 6,146 companies in sector 46190 we hold annual accounts for 2,577. 972 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
Founded28-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70100Activities of head offices
70200Business and other management consultancy
73110Advertising agencies
73200Market research and public opinion polling
73300Public relations and communication consultancy
82990Other business support services
Contact
Website
www.savo.group
E-mail
ms@savo.group
E-invoicing
Reachable via Peppol
Peppol ID
0208:0736858817
Registered
06-12-2025
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.