SAYGIN

Active

Private limited companyfounded 2010active for 16 yearsJean Béthunestraat 44, 9040 Gent, BelgiumKBO/BCE: BE 0825.965.193

Summary

SAYGIN has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76,090 and a net result of €8,629. Equity remains stable across the filed financial years (±1.5% per year). Its solvency ranks better than 39% of 34,789 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisFollow Report Compare

SAYGINActiveChecked score 68/100

Risk analysis Report Compare

Activity

Plastering work

NACE 43310

1 site

Size

≈ €750,000turnover 2025, estimated

Staff: 4.5 FTE
Equity: €76,090
Profit: €8,629

Turnover estimated from the gross margin

Financial health

68 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.7%

Structure

Türker SAYGINDirector

2025 accounts filed 61 days late1 of 2 deeds summarised

Why 68raises riskLast filed accounts filed 61 days late; 3 of the last 3 lateSector: Specialised construction activities (NACE 43)lowers riskFounded in 2010Liquidity: current ratio 1.48, cash €27,514Show the evidence

Checked score

Score 2025

68 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 36% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 62+9

equity 36.6% of total assets

Liquidity 33-2

short-term debt 63.4% · cash 13.2%

Profitability 49+6

return on assets 4.1%

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,658 companies, NACE 43, micro)

Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.9%▲ +0.1 percentage points vs 06-2025 08-2025: 1.2%▲ +0.3 percentage points vs 07-2025 09-2025: 1.3%▲ +0.1 percentage points vs 08-2025highest value 10-2025: 0.8%▼ -0.5 percentage points vs 09-2025 11-2025: 0.7%▼ -0.1 percentage points vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.6%▼ -0.1 percentage points vs 05-2026lowest value 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 1.0%▲ +0.4 percentage points vs 07-2026 09-2026: 1.1%▲ +0.1 percentage points vs 08-2026 10-2026: 0.7%▼ -0.4 percentage points vs 09-2026

Credit of up to €5,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.48, compared with 1.28 in 2024, below the usual 1.5; short-term debt: 63.4% and cash: 13.2% of total assets), and 63.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 39% on solvency, 21% on liquidity, 23% on profitability and 59% on growth.

The bankruptcy probability was computed on 28-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises risk

Last filed accounts filed 61 days late; 3 of the last 3 late

NBB · filings

Founded in 2010

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Sector: Specialised construction activities (NACE 43)

KBO

Liquidity: current ratio 1.48, cash €27,514

NBB · annual accounts

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €76,090

2025 accounts filed 61 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

61 days late

2024

54 days late

2023

31 days late

2022

52 days late

2021

80 days late

2020

68 days late

2019

101 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 64 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

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 23 September (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

29-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

30-09-2026 Annual accounts filedfinancial year 2025 · micro…
23-09-2025 Annual accounts filedfinancial year 2024 · micro…
31-08-2024 Annual accounts filedfinancial year 2023 · micro…

Key points

Caution: Latest accounts filed lateafter the legal deadline 61 days View
Positive: 8 profitable years in a rowprofit 2025: €8,629 8 years View
Among the largest 6% on gross marginsector median €39,330 · 34,749 companies €267,361 View

By topic

Financials

Financial year: 2025
Total assets: €207,990
Profit: €8,629
Solvency: 36.6%

Total assets▼ 14.9%

Net result

20182025

Go to Financials

Board & ownership

Board: 1 member

Türker SAYGINDirector

Go to Board & ownership

Timeline

Events: 18
Since: 2012
Next accounts: by 31-07-2027

11-01-2024Resignation: Türker SAYGIN (manager)
31-12-2023Weakest financial year
21-09-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Plastering workNACE 43310
Founded: 18-05-2010
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 26

Annual meeting: Third Wednesday of June at 18:00
Purpose: “Schilderen,plaatsen van behang; Stukadoorswerkzaamheden; Elektriciteitswerken in brede…” (deed in Dutch)

Go to Articles of association

Key facts about SAYGIN

What is the company number of SAYGIN?: 0825.965.193. In Belgium the VAT number is the company number with BE in front: BE 0825.965.193.
Where is SAYGIN based?: The registered office is at Jean Béthunestraat 44, 9040 Gent.Company details
What does SAYGIN do?: According to the KBO register, the main activity is plastering work (NACE 43310).
What is the legal form of SAYGIN?: Private limited company (BV).
When was SAYGIN founded?: On 18-05-2010.
Is SAYGIN still active?: Yes, SAYGIN is an active enterprise in the KBO register.
How many employees does SAYGIN have?: On average 4.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SAYGIN?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is SAYGIN profitable?: In financial year 2025, SAYGIN made a profit of €8,629.
Where can I find the annual accounts of SAYGIN?: SAYGIN filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SAYGIN due?: By 31-07-2027, for financial year 2026.Timeline

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Overview