SLAVAR
ActiveSummary
The computed 12-month bankruptcy probability of SLAVAR is 1.7% (moderate). The 2025 annual accounts show equity of €106k and a net result of €50k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 81% of 27965 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+35
Solvency100▲+39
Growth85▲+17
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 3.55 against 1.32 in 2024; short-term debt: 24.3% and cash: 19% of total assets), and 24.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.7%
Return on assets
35.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
3 d early
2022
1 d late
2021
79 d early
2020
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€549k▲ 49.7%
2023 · €367k
2020: €81klowest in 5 years
2021: €490k▲ +508% vs 2020
2022: €358k▼ -27.0% vs 2021
2023: €367k▲ +2.4% vs 2022
2024: €549k▲ +49.7% vs 2023highest in 5 years
2020 → 2024
EBIT margin
2.8%▲ 1.5pp
2023 · 1.3%
2020: 27.9%highest in 5 years
2021: 12.8%▼ -54.0% vs 2020
2022: 1.6%▼ -87.2% vs 2021
2023: 1.3%▼ -23.3% vs 2022lowest in 5 years
2024: 2.8%▲ +120% vs 2023
2020 → 2024
Net result
€50k▲ 298%
2024 · €13k
2020: €15k
2021: €49k▲ +220% vs 2020
2022: €5k▼ -90.6% vs 2021
2023: €4k▼ -17.9% vs 2022lowest in 6 years
2024: €13k▲ +232% vs 2023
2025: €50k▲ +298% vs 2024highest in 6 years
2020 → 2025
Working capital
€87k▲ 166%
2024 · €33k
2020: €21klowest in 6 years
2021: €76k▲ +253% vs 2020
2022: €79k▲ +4.2% vs 2021
2023: €56k▼ -29.1% vs 2022
2024: €33k▼ -41.5% vs 2023
2025: €87k▲ +166% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€490k-€358k▼ 27.0%€367k▲ 2.4%€549k▲ 49.7%
2021: €490k
2022: €358k▼ -27.0% vs 2021lowest in 4 years
2023: €367k▲ +2.4% vs 2022
2024: €549k▲ +49.7% vs 2023highest in 4 years
Equity€87k-€84k▼ 3.4%€88k▲ 4.5%€56k▼ 35.8%€106k▲ 88.9%
2021: €87k
2022: €84k▼ -3.4% vs 2021
2023: €88k▲ +4.5% vs 2022
2024: €56k▼ -35.8% vs 2023lowest in 5 years
2025: €106k▲ +88.9% vs 2024highest in 5 years
Operating result€63k-€6k▼ 90.7%€5k▼ 21.5%€15k▲ 229%€76k▲ 401%
2021: €63k
2022: €6k▼ -90.7% vs 2021
2023: €5k▼ -21.5% vs 2022lowest in 5 years
2024: €15k▲ +229% vs 2023
2025: €76k▲ +401% vs 2024highest in 5 years
Net result€49k-€5k▼ 90.6%€4k▼ 17.9%€13k▲ 232%€50k▲ 298%
2021: €49k
2022: €5k▼ -90.6% vs 2021
2023: €4k▼ -17.9% vs 2022lowest in 5 years
2024: €13k▲ +232% vs 2023
2025: €50k▲ +298% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 401% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €140k
Fixed assets
€19k ▼ 18.3%
Current assets
€121k ▼ 10.1%
Equity and liabilities €140k
Equity
€106k ▲ 88.9%
Debt
€34k ▼ 66.5%
Debt's share of the balance-sheet total falls from 64.5% to 24.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86k▲
2024 · €24k
Cash flow
€60k▲
2024 · €22k
Current ratio
3.55▲
2024 · 1.32
Debt to equity
0.32▼
2024 · 1.81
ROE
47.1%▲
2024 · 22.3%
ROA
35.6%▲
2024 · 7.9%
Interest coverage
164.81▲
2024 · 125.58
Debt ≤ 1 year
€34k▼
2024 · €102k
Income taxes
€26k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€158k€140k▼
Fixed assets21/28€24k€19k▼
Tangible fixed assets22/27€21k€16k▼
Plant, machinery and equipment23€389€1k▲
Furniture and vehicles24€20k€15k▼
Financial fixed assets28€3k€3k=
Current assets29/58€135k€121k▼
Amounts receivable within one year40/41€97k€91k▼
Trade receivables40€69k€88k▲
Other amounts receivable41€27k€3k▼
Cash at bank and in hand54/58€36k€27k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€158k€140k▼
Equity10/15€56k€106k▲
Contributions10/11€19k€19k=
Reserves13€38k€88k▲
Distributable reserves133€38k€88k▲
Profit (loss) carried forward14€15€22▲
Amounts payable17/49€102k€34k▼
Amounts payable within one year42/48€102k€34k▼
Trade debts44€37k€11k▼
Suppliers440/4€37k€11k▼
Taxes, remuneration and social security45€20k€20k▼
Taxes450/3€11k€20k▲
Remuneration and social security454/9€9k-
Other amounts payable47/48€44k€3k▼
Income statement
Code20242025
Turnover70€549k-
Goods, raw materials, services and sundry goods60/61€527k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€3k€8k▲
Gross operating margin9900€28k€94k▲
Operating profit (loss)9901€15k€76k▲
Financial income75/76B€2k€562▼
Recurring financial income75€2k€562▼
Financial charges65/66B€193€520▲
Recurring financial charges65€193€520▲
Profit (loss) for the period before taxes9903€17k€76k▲
Income taxes67/77€4k€26k▲
Profit (loss) for the period9904€13k€50k▲
Profit (loss) for the period to be appropriated9905€13k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€53k€50k▼
Profit (loss) brought forward from the previous period14P€41k€15▼
Transfer to equity691/2€9k€50k▲
To other reserves6921€9k€50k▲
Profit to be distributed694/7€44k-
Return on contributions (dividend)694€41k-
Directors or managers695€3k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €490k | €358k | €367k | €549k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €341k | €356k | €527k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €5k | €9k | €10k | ▲ 7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4k | - | - | - | - |
| Other operating charges640/8 | - | €763 | €3k | €3k | €8k | ▲ 149% |
| Gross operating margin9900 | €71k | €17k | €12k | €28k | €94k | ▲ 241% |
| Operating profit (loss)9901 | €63k | €6k | €5k | €15k | €76k | ▲ 401% |
| Financial income75/76B | - | €1k | €1k | €2k | €562 | ▼ 63.8% |
| Recurring financial income75 | €9 | €1k | €1k | €2k | €562 | ▼ 63.8% |
| Financial charges65/66B | - | €325 | €219 | €193 | €520 | ▲ 169% |
| Recurring financial charges65 | €154 | €325 | €219 | €193 | €520 | ▲ 169% |
| Profit (loss) for the period before taxes9903 | €63k | €7k | €6k | €17k | €76k | ▲ 360% |
| Income taxes67/77 | €14k | €2k | €2k | €4k | €26k | ▲ 555% |
| Profit (loss) for the period9904 | €49k | €5k | €4k | €13k | €50k | ▲ 298% |
| Profit (loss) for the period to be appropriated9905 | €49k | €5k | €4k | €13k | €50k | ▲ 298% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €119k | €107k | €124k | €158k | €140k | ▼ 11.3% |
| Fixed assets21/28 | €11k | €5k | €32k | €24k | €19k | ▼ 18.3% |
| Tangible fixed assets22/27 | €9k | €3k | €30k | €21k | €16k | ▼ 20.7% |
| Plant, machinery and equipment23 | - | €1k | €779 | €389 | €1k | ▲ 231% |
| Furniture and vehicles24 | - | €2k | €29k | €20k | €15k | ▼ 25.6% |
| Financial fixed assets28 | €2k | €2k | €2k | €3k | €3k | = |
| Current assets29/58 | €108k | €102k | €92k | €135k | €121k | ▼ 10.1% |
| Amounts receivable within one year40/41 | €53k | €68k | €67k | €97k | €91k | ▼ 5.4% |
| Trade receivables40 | - | €45k | €42k | €69k | €88k | ▲ 27.4% |
| Other amounts receivable41 | - | €22k | €26k | €27k | €3k | ▼ 89.1% |
| Cash at bank and in hand54/58 | €54k | €34k | €23k | €36k | €27k | ▼ 25.1% |
| Deferred charges and accrued income490/1 | - | €1k | €2k | €2k | €3k | ▲ 25.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €119k | €107k | €124k | €158k | €140k | ▼ 11.3% |
| Equity10/15 | €87k | €84k | €88k | €56k | €106k | ▲ 88.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €18k | €25k | €28k | €38k | €88k | ▲ 133% |
| Distributable reserves133 | - | €25k | €28k | €38k | €88k | ▲ 133% |
| Profit (loss) carried forward14 | €61k | €41k | €41k | €15 | €22 | ▲ 45.2% |
| Amounts payable17/49 | €33k | €24k | €37k | €102k | €34k | ▼ 66.5% |
| Amounts payable within one year42/48 | €33k | €24k | €37k | €102k | €34k | ▼ 66.5% |
| Trade debts44 | €16k | €19k | €35k | €37k | €11k | ▼ 70.0% |
| Suppliers440/4 | - | €19k | €35k | €37k | €11k | ▼ 70.0% |
| Taxes, remuneration and social security45 | - | €4k | €2k | €20k | €20k | ▼ 2.1% |
| Taxes450/3 | - | €4k | €2k | €11k | €20k | ▲ 74.7% |
| Remuneration and social security454/9 | - | - | - | €9k | - | - |
| Other amounts payable47/48 | - | €96 | €96 | €44k | €3k | ▼ 93.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49k | €5k | €4k | €13k | €50k | ▲ 298% |
| + Depreciation and write-downs630 | €7k | €7k | €5k | €9k | €10k | ▲ 7.6% |
| Operating cash flow (approximation) | €56k | €12k | €9k | €22k | €60k | ▲ 176% |
| Investment in fixed assets (approximation) | - | €-1k | €-32k | €-830 | €-5k | ▼ 560% |
| Change in cash | - | €-21k | €-11k | €12k | €-9k | ▼ 172% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
State Gazette act
Resignations: Arkadiusz HRYNIEWICKI (director) and Slawomir JABLONOWSKI (director)Appointment: Wojciech JANKOWSKI (director)4 facts ▸
State Gazette act
Resignations: Arkadiusz HRYNIEWICKI (director) and Slawomir JABLONOWSKI (director)
Appointment: Wojciech JANKOWSKI (director)4 facts ▸
- General meeting, 15-07-2026
- Director resignation, Arkadiusz HRYNIEWICKI (director)
- Director resignation, Slawomir JABLONOWSKI (director)
- Director appointment, Wojciech JANKOWSKI (director)
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2020net €50k ▲298%
Operating result €76k, net result €50k, both a record.
30-09
Financial
Liquidity triplescurrent ratio 3.55
Current ratio from 1.32 to 3.55; short-term debt falls from €102k to €34k.
30-09
Financial
Equity above €100kEq €106k ▲88.9%
6 profitable years in a row build equity to €106k.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €4k ▼17.9%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
01-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Wojciech JANKOWSKI
CurrentDirector · since 15-07-2026
15-07-2026
Wojciech JANKOWSKI: Appointed as Director
15-07-2026
Arkadiusz HRYNIEWICKI: Resigned as Director
15-07-2026
Slawomir JABLONOWSKI: Resigned as Director
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2018
Ground area
461 m²
Building footprint
193 m²
Volume, LiDAR
1,147 m³
Parcel 41002A2238/00V000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SLAVAR BVBA
since 20182.281.791.970
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002A2238/00V000 | Flanders | 461 m² | 1 · 193 m² | 9.5 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 20,018 companies in sector 43320 we hold annual accounts for 9,132. 7,710 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
Founded01-10-2018
Fiscal year end30-09
Activities, NACEBEL 2025
43320Joinery installation
43350Other building finishing work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.