Investments
Green is investment, beige is depreciation.
Green is investment, beige is depreciation.
Five of the last ten came late. The 2022 accounts came latest: 317 days after the end of the period.
Less equity than 92% of companies in chemicals. Sector median €7.4m · 315 companies.
The dashed line is the sector median: 0.4% across 355 companies (NACE 20, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 20, micro). It does better than 90% of them on solvency, 98% on liquidity, 55% on profitability and 43% on growth.
The bankruptcy probability was computed on 05-11-2026 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).
In July 2024, 12,322 companies had the same profile as SAVOLUX has now. Each dot stands for 31 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SAVOLUX itself: 0.1% within 12 months.
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 12,322 companies, not a prediction for SAVOLUX. 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.
Liquidity is ample, with a current ratio of 13.27 (11.42 in 2024), above the usual 1.5. Short-term debt is 6.8% and cash 41.4% of total assets. 6.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 45 days after the deadline. In the sector (NACE 20), the median for financial year 2024 was 22 days before the deadline, and 26% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| SAVOLUX Liège | €30,115 | €2,767 | 93.2% | - |
| P. CLEAN S.A Theux | €33,029 | -€5,349 | 86.4% | - |
| ALYXEL MAINTENANCE Frameries | €26,237 | -€24,972 | -376.3% | 0 |
| Chembo Tournai | €205,513 | €4,979 | 99.2% | - |
| ZEEPFABRIEK DE WITTE ENGEL Duffel | €111,213 | €5,293 | 86.7% | - |
| Gabert Tournai | €103,928 | -€6,970 | 30.1% | - |
| CHRISTUDO Meerhout | €196,388 | €13,336 | -67.6% | - |
These companies have the same main activity as SAVOLUX: manufacture of chemicals and chemical products (NACE 20411). They are comparable in size and age: total assets between €26,200 and €206,000, founded between 1974 and 2012.
SAVOLUX has existed since 2000. The gross margin fell from €50,475 in 2006 to €2,767 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
See how customers, suppliers and banks see your own company and what to improve first.
If something looks wrong or is missing, please tell us.