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Savybel

Active
Private limited companyfounded 20224 yrs activeKleistraat (W.) 8, 9790 Wortegem-Petegem, BelgiumKBO/BCE: BE 0788.294.353
Summary

The computed 12-month bankruptcy probability of Savybel is 3.1% (moderate). The 2024 annual accounts show equity of €1.6m and a net result of -€25,685. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability34▲+4
Solvency100=
Growth78
Track record94
Bankruptcy probability, 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity short (current ratio 0.67 against 10.12 in 2023; short-term debt: 1.1% and cash: 0.7% of total assets), and 1.4% of the assets are financed with debt.
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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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2024
Solvency, return and age of the figures
Solvency
98.6%
Return on assets
-1.5%
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 23-06-2025, 38 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
38 d early
2023
107 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 73 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Savybel was incorporated on 6 July 2022 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€1.6m▲ 32.8%
2023 · €1.2m
Total assets
€1.7m▲ 33.3%
2023 · €1.2m
Net result
-€25,685▲ 34.2%
2023 · -€39,050
Working capital
-€6,263
2023 · €45,008
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
Line20232024
Operating result-€38,141--€25,312▲ 33.6%
Net result-€39,050--€25,685▲ 34.2%
Equity€1.2m-€1.6m▲ 32.8%
Total assets€1.2m-€1.7m▲ 33.3%
Debt€12,448-€22,696▲ 82.3%
Working capital€45,008--€6,263
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€30,000-€20,000-€10,000€0Operating result 2023: -€38,141-€38,141Net result 2023: -€39,050-€39,050Operating result 2024: -€25,312-€25,312Net result 2024: -€25,685-€25,68520232024-€40,000-€30,000-€20,000-€10,000€0Operating result 2023: -€38,141-€38,100Net result 2023: -€39,050-€39,100Operating result 2024: -€25,312-€25,300Net result 2024: -€25,685-€25,70020232024
The operating result stays negative: a loss of €25,312 in 2024 against €38,141 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.7m
Fixed assets €1.6m ▲ 37.9%
Current assets €12,434 ▼ 75.1%
Equity and liabilities €1.7m
Equity €1.6m ▲ 32.8%
Debt €22,696 ▲ 82.3%
Debt's share of the balance-sheet total rises from 1.0% to 1.4%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
0.67▼
2023 · 10.12
Debt to equity
0.01▲
2023 · 0.01
ROE
-1.6%▲
2023 · -3.2%
ROA
-1.5%▲
2023 · -3.1%
Debt ≤ 1 year
€18,696▲
2023 · €4,933
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 30 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.2m€1.7m▲
Fixed assets21/28€1.2m€1.6m▲
Financial fixed assets28€1.2m€1.6m▲
Current assets29/58€49,941€12,434▼
Amounts receivable after more than one year29€29,994€0▼
Trade receivables290€29,994€0▼
Amounts receivable within one year40/41€10,000€0▼
Other amounts receivable41€10,000€0▼
Cash at bank and in hand54/58€9,946€12,434▲
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.7m▲
Equity10/15€1.2m€1.6m▲
Contributions10/11€1.3m€1.7m▲
Profit (loss) carried forward14-€39,050-€64,735▼
Amounts payable17/49€12,448€22,696▲
Amounts payable within one year42/48€4,933€18,696▲
Trade debts44€4,933€18,696▲
Suppliers440/4€4,933€18,696▲
Accrued charges and deferred income492/3€7,515€4,000▼
Income statement Code20232024
Other operating charges640/8€732€528▼
Gross operating margin9900-€37,409-€24,784▲
Operating profit (loss)9901-€38,141-€25,312▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€909€373▼
Recurring financial charges65€909€373▼
Profit (loss) for the period before taxes9903-€39,050-€25,685▲
Profit (loss) for the period9904-€39,050-€25,685▲
Profit (loss) for the period to be appropriated9905-€39,050-€25,685▲
Appropriation of the result
Profit (loss) to be appropriated9906-€39,050-€64,735▼
Profit (loss) brought forward from the previous period14P--€39,050

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Other operating charges640/8€732€528▼ 27.9%
Gross operating margin9900-€37,409-€24,784▲ 33.7%
Operating profit (loss)9901-€38,141-€25,312▲ 33.6%
Financial income75/76B-€0-
Recurring financial income75-€0-
Financial charges65/66B€909€373▼ 58.9%
Recurring financial charges65€909€373▼ 58.9%
Profit (loss) for the period before taxes9903-€39,050-€25,685▲ 34.2%
Profit (loss) for the period9904-€39,050-€25,685▲ 34.2%
Profit (loss) for the period to be appropriated9905-€39,050-€25,685▲ 34.2%
Line20232024Change
Assets
Total assets20/58€1.2m€1.7m▲ 33.3%
Fixed assets21/28€1.2m€1.6m▲ 37.9%
Financial fixed assets28€1.2m€1.6m▲ 37.9%
Current assets29/58€49,941€12,434▼ 75.1%
Amounts receivable after more than one year29€29,994€0▼ 100%
Trade receivables290€29,994€0▼ 100%
Amounts receivable within one year40/41€10,000€0▼ 100%
Other amounts receivable41€10,000€0▼ 100%
Cash at bank and in hand54/58€9,946€12,434▲ 25.0%
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.7m▲ 33.3%
Equity10/15€1.2m€1.6m▲ 32.8%
Contributions10/11€1.3m€1.7m▲ 33.9%
Profit (loss) carried forward14-€39,050-€64,735▼ 65.8%
Amounts payable17/49€12,448€22,696▲ 82.3%
Amounts payable within one year42/48€4,933€18,696▲ 279%
Trade debts44€4,933€18,696▲ 279%
Suppliers440/4€4,933€18,696▲ 279%
Accrued charges and deferred income492/3€7,515€4,000▼ 46.8%
Line20232024Change
Profit (loss) for the period9904-€39,050-€25,685▲ 34.2%
Operating cash flow (approximation)-€39,050-€25,685▲ 34.2%
Investment in fixed assets (approximation)--€452,071-
Change in cash-€2,487-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
23-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-04
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Wortegem-Petegem · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1.5 ha
Building footprint
2,292 m²
Volume, LiDAR
13,279 m³
Parcel 45055A1179/00E000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Savybel
Kleistraat (W.) 8, 9790 Wortegem-PetegemHoldings
since 20222.333.008.960
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
45055A1179/00E000 Flanders 1.5 ha 1 · 2,292 m² 11.7 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.

Structure & network

Owners and holdings

2 owners · 3 holdings

Owners 2

Holdings 3

  • Aragats Investments (Proprietary) LimitedNAsubsidiary
    Equity NAD 8.8mResult -NAD 58,938
    100%
  • Savybel Operations (Proprietary) LimitedNAsubsidiary
    Equity NAD 396,355Result NAD 414,069
    100%
  • Savynam Investments (Proprietary) LimitedNAsubsidiary
    Equity NAD 18.6mResult -NAD 377,112
    100%

According to the 2024 annual accounts of Savybel and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded06-07-2022
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0788294353
Also 9925:BE0788294353
Registered 28-02-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.