Summary
SAVERCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €477.68M and a net result of €20.06M. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 83% of 2399 sector peers (fiscal year 2025). The company has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
25 d late
2024
63 d late
2023
6 d early
2022
12 d early
2021
26 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory accounts
Equity
€477.68M▲ 0.2%
2024 · €476.82M
2018: €316.23Mlowest in 8 years
2019: €365.62M▲ +15.6% vs 2018
2020: €403.22M▲ +10.3% vs 2019
2021: €445.12M▲ +10.4% vs 2020
2022: €441.94M▼ -0.7% vs 2021
2023: €453.13M▲ +2.5% vs 2022
2024: €476.82M▲ +5.2% vs 2023
2025: €477.68M▲ +0.2% vs 2024highest in 8 years
2018 → 2025
Net result
€20.06M▼ 47.7%
2024 · €38.39M
2018: €-13.00Mlowest in 8 years
2019: €49.39M▲ +480% vs 2018
2020: €37.61M▼ -23.9% vs 2019
2021: €94.20M▲ +150% vs 2020
2022: €-3.19M▼ -103% vs 2021
2023: €182.22M▲ +5819% vs 2022highest in 8 years
2024: €38.39M▼ -78.9% vs 2023
2025: €20.06M▼ -47.7% vs 2024
2018 → 2025
Total assets
€505.74M▲ 0.9%
2024 · €501.33M
2018: €613.55Mhighest in 8 years
2019: €600.47M▼ -2.1% vs 2018
2020: €530.26M▼ -11.7% vs 2019
2021: €488.04M▼ -8.0% vs 2020
2022: €471.71M▼ -3.3% vs 2021lowest in 8 years
2023: €487.24M▲ +3.3% vs 2022
2024: €501.33M▲ +2.9% vs 2023
2025: €505.74M▲ +0.9% vs 2024
2018 → 2025
Solvency
94.5%▼ 0.7pp
2024 · 95.1%
2018: 51.5%lowest in 8 years
2019: 60.9%▲ +18.1% vs 2018
2020: 76.0%▲ +24.9% vs 2019
2021: 91.2%▲ +19.9% vs 2020
2022: 93.7%▲ +2.7% vs 2021
2023: 93.0%▼ -0.7% vs 2022
2024: 95.1%▲ +2.3% vs 2023highest in 8 years
2025: 94.5%▼ -0.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€579k-€538k▼ 7.1%€468k▼ 13.1%€1.44M▲ 208%€1.80M▲ 25.0%
2021: €579k
2022: €538k▼ -7.1% vs 2021
2023: €468k▼ -13.1% vs 2022lowest in 5 years
2024: €1.44M▲ +208% vs 2023
2025: €1.80M▲ +25.0% vs 2024highest in 5 years
Equity€445.12M-€441.94M▼ 0.7%€453.13M▲ 2.5%€476.82M▲ 5.2%€477.68M▲ 0.2%
2021: €445.12M
2022: €441.94M▼ -0.7% vs 2021lowest in 5 years
2023: €453.13M▲ +2.5% vs 2022
2024: €476.82M▲ +5.2% vs 2023
2025: €477.68M▲ +0.2% vs 2024highest in 5 years
Operating result€-828k-€-777k▲ 6.3%€-1.25M▼ 61.3%€-641k▲ 48.8%€-500k▲ 22.0%
2021: €-828k
2022: €-777k▲ +6.3% vs 2021
2023: €-1.25M▼ -61.3% vs 2022lowest in 5 years
2024: €-641k▲ +48.8% vs 2023
2025: €-500k▲ +22.0% vs 2024highest in 5 years
Net result€94.20M-€-3.19M€182.22M€38.39M▼ 78.9%€20.06M▼ 47.7%
2021: €94.20M
2022: €-3.19M▼ -103% vs 2021lowest in 5 years
2023: €182.22M▲ +5819% vs 2022highest in 5 years
2024: €38.39M▼ -78.9% vs 2023
2025: €20.06M▼ -47.7% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €500k in 2025 against €641k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €505.74M
Fixed assets
€500.51M =
Current assets
€5.23M ▲ 536%
Equity and liabilities €505.74M
Equity
€477.68M ▲ 0.2%
Debt
€28.06M ▲ 14.5%
Debt's share of the balance-sheet total rises from 4.9% to 5.5%. Equity and debt are higher.
Key figures and ratios
ROE
4.2%▼
2024 · 8.1%
ROA
4.0%▼
2024 · 7.7%
Debt ≤ 1 year
€25.87M▲
2024 · €20.94M
Income taxes
€1k▼
2024 · €706k
Staff costs
€1.64M▼
2024 · €1.79M
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 · 67 lines
Balance sheet
Code20242025
Assets
Total assets20/58€501.33M€505.74M▲
Fixed assets21/28€500.51M€500.51M=
Financial fixed assets28€500.51M€500.51M=
Affiliated companies280/1€500.51M€500.51M=
Participating interests280€500.51M€500.51M=
Current assets29/58€822k€5.23M▲
Amounts receivable within one year40/41€356k€4.68M▲
Trade receivables40€104k€464k▲
Other amounts receivable41€251k€4.21M▲
Current investments50/53€133k€80k▼
Other investments51/53€133k€80k▼
Cash at bank and in hand54/58€183k€463k▲
Deferred charges and accrued income490/1€151k€10k▼
Equity and liabilities
Total equity and liabilities10/49€501.33M€505.74M▲
Equity10/15€476.82M€477.68M▲
Contributions10/11€16.82M€16.82M=
Capital10€16.80M€16.80M=
Issued capital100€16.80M€16.80M=
Outside capital11€20k€20k=
Share premium1100/10€20k€20k=
Reserves13€1.76M€1.76M=
Non-distributable reserves130/1€1.76M€1.76M=
Legal reserve130€1.76M€1.76M=
Profit (loss) carried forward14€458.24M€459.10M▲
Amounts payable17/49€24.51M€28.06M▲
Amounts payable within one year42/48€20.94M€25.87M▲
Financial debts43€5.71M€5.71M=
Credit institutions430/8€5.00M€5.00M=
Other loans439€705k€705k=
Trade debts44€278k€445k▲
Suppliers440/4€278k€445k▲
Taxes, remuneration and social security45€514k€521k▲
Taxes450/3€21k€19k▼
Remuneration and social security454/9€494k€501k▲
Other amounts payable47/48€14.44M€19.20M▲
Accrued charges and deferred income492/3€3.58M€2.19M▼
Income statement
Code20242025
Operating income70/76A€1.48M€1.82M▲
Turnover70€1.44M€1.80M▲
Other operating income74€40k€18k▼
Operating charges60/66A€2.12M€2.32M▲
Services and other goods61€314k€674k▲
Remuneration, social security and pensions62€1.79M€1.64M▼
Other operating charges640/8€14k€8k▼
Non-recurring operating charges66A€2k-
Operating profit (loss)9901€-641k€-500k▲
Financial income75/76B€42.78M€19.32M▼
Recurring financial income75€42.78M€19.32M▼
Income from financial fixed assets750€42.77M€18.09M▼
Income from current assets751€6k-
Other financial income752/9€96€1.23M▲
Financial charges65/66B€3.04M€-1.24M▼
Recurring financial charges65€3.00M€-1.28M▼
Debt charges650€822k€275k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€2.04M€-1.60M▼
Other financial charges652/9€130k€48k▼
Non-recurring financial charges66B€41k€41k▼
Profit (loss) for the period before taxes9903€39.10M€20.06M▼
Income taxes67/77€706k€1k▼
Taxes670/3€706k€2k▼
Tax adjustments and reversals of tax provisions77-€260
Profit (loss) for the period9904€38.39M€20.06M▼
Profit (loss) for the period to be appropriated9905€38.39M€20.06M▼
Appropriation of the result
Profit (loss) to be appropriated9906€472.94M€478.30M▲
Profit (loss) brought forward from the previous period14P€434.54M€458.24M▲
Profit to be distributed694/7€14.70M€19.20M▲
Return on contributions (dividend)694€14.70M€19.20M▲
Social balance
Average headcount (FTE)908711.89.0▼
The notes to these accounts (37 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €590k | €551k | €484k | €1.48M | €1.82M | ▲ 22.9% |
| Turnover70 | €579k | €538k | €468k | €1.44M | €1.80M | ▲ 25.0% |
| Other operating income74 | €11k | €13k | €17k | €40k | €18k | ▼ 53.6% |
| Operating charges60/66A | €1.42M | €1.33M | €1.74M | €2.12M | €2.32M | ▲ 9.3% |
| Services and other goods61 | €451k | €250k | €290k | €314k | €674k | ▲ 114% |
| Remuneration, social security and pensions62 | €964k | €1.07M | €1.44M | €1.79M | €1.64M | ▼ 8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €639 | €486 | €558 | - | - | - |
| Other operating charges640/8 | €3k | €3k | €2k | €14k | €8k | ▼ 40.6% |
| Non-recurring operating charges66A | - | - | - | €2k | - | - |
| Operating profit (loss)9901 | €-828k | €-777k | €-1.25M | €-641k | €-500k | ▲ 22.0% |
| Financial income75/76B | €99.95M | €1.13M | €185.24M | €42.78M | €19.32M | ▼ 54.8% |
| Recurring financial income75 | €99.95M | €1.13M | €185.24M | €42.78M | €19.32M | ▼ 54.8% |
| Income from financial fixed assets750 | €96.03M | €31k | €184.49M | €42.77M | €18.09M | ▼ 57.7% |
| Income from current assets751 | €881k | €766k | €752k | €6k | - | - |
| Other financial income752/9 | €3.03M | €334k | - | €96 | €1.23M | ▲ 1,288,978% |
| Financial charges65/66B | €4.92M | €3.54M | €1.76M | €3.04M | €-1.24M | ▼ 141% |
| Recurring financial charges65 | €4.89M | €3.50M | €1.72M | €3.00M | €-1.28M | ▼ 143% |
| Debt charges650 | €2.62M | €260k | €1.05M | €822k | €275k | ▼ 66.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | €1.74M | €1.90M | €655k | €2.04M | €-1.60M | ▼ 179% |
| Other financial charges652/9 | €523k | €1.34M | €11k | €130k | €48k | ▼ 63.5% |
| Non-recurring financial charges66B | €30k | €36k | €42k | €41k | €41k | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | €94.20M | €-3.19M | €182.22M | €39.10M | €20.06M | ▼ 48.7% |
| Income taxes67/77 | €848 | €1k | €1k | €706k | €1k | ▼ 99.8% |
| Taxes670/3 | €848 | €1k | €2k | €706k | €2k | ▼ 99.8% |
| Tax adjustments and reversals of tax provisions77 | - | - | €360 | - | €260 | - |
| Profit (loss) for the period9904 | €94.20M | €-3.19M | €182.22M | €38.39M | €20.06M | ▼ 47.7% |
| Profit (loss) for the period to be appropriated9905 | €94.20M | €-3.19M | €182.22M | €38.39M | €20.06M | ▼ 47.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €488.04M | €471.71M | €487.24M | €501.33M | €505.74M | ▲ 0.9% |
| Fixed assets21/28 | €481.62M | €470.18M | €486.43M | €500.51M | €500.51M | = |
| Tangible fixed assets22/27 | €2k | €2k | €2k | - | - | - |
| Furniture and vehicles24 | €2k | €2k | €2k | - | - | - |
| Financial fixed assets28 | €481.61M | €470.18M | €486.42M | €500.51M | €500.51M | = |
| Affiliated companies280/1 | €481.61M | €470.01M | €486.42M | €500.51M | €500.51M | = |
| Participating interests280 | €481.61M | €470.01M | €486.42M | €500.51M | €500.51M | = |
| Companies linked by participating interests282/3 | - | €164k | - | - | - | - |
| Participating interests282 | - | €164k | - | - | - | - |
| Current assets29/58 | €6.43M | €1.53M | €814k | €822k | €5.23M | ▲ 536% |
| Amounts receivable after more than one year29 | €709k | €753k | - | - | - | - |
| Other amounts receivable291 | €709k | €753k | - | - | - | - |
| Amounts receivable within one year40/41 | €4.82M | €179k | €56k | €356k | €4.68M | ▲ 1,215% |
| Trade receivables40 | €238k | €120k | €43k | €104k | €464k | ▲ 345% |
| Other amounts receivable41 | €4.59M | €59k | €13k | €251k | €4.21M | ▲ 1,577% |
| Current investments50/53 | €343k | €171k | €169k | €133k | €80k | ▼ 39.7% |
| Other investments51/53 | €343k | €171k | €169k | €133k | €80k | ▼ 39.7% |
| Cash at bank and in hand54/58 | €428k | €301k | €451k | €183k | €463k | ▲ 153% |
| Deferred charges and accrued income490/1 | €121k | €128k | €139k | €151k | €10k | ▼ 93.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €488.04M | €471.71M | €487.24M | €501.33M | €505.74M | ▲ 0.9% |
| Equity10/15 | €445.12M | €441.94M | €453.13M | €476.82M | €477.68M | ▲ 0.2% |
| Contributions10/11 | €551k | €551k | €16.82M | €16.82M | €16.82M | = |
| Capital10 | €531k | €531k | €16.80M | €16.80M | €16.80M | = |
| Issued capital100 | €531k | €531k | €16.80M | €16.80M | €16.80M | = |
| Outside capital11 | €20k | €20k | €20k | €20k | €20k | = |
| Share premium1100/10 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €45.03M | €45.03M | €1.76M | €1.76M | €1.76M | = |
| Non-distributable reserves130/1 | €45.03M | €45.03M | €1.76M | €1.76M | €1.76M | = |
| Legal reserve130 | €1.76M | €1.76M | €1.76M | €1.76M | €1.76M | = |
| Own shares acquired1312 | €43.27M | €43.27M | - | - | - | - |
| Profit (loss) carried forward14 | €399.54M | €396.35M | €434.54M | €458.24M | €459.10M | ▲ 0.2% |
| Amounts payable17/49 | €42.92M | €29.77M | €34.11M | €24.51M | €28.06M | ▲ 14.5% |
| Amounts payable after more than one year17 | €24.25M | €12.50M | - | - | - | - |
| Other amounts payable178/9 | €24.25M | €12.50M | - | - | - | - |
| Amounts payable within one year42/48 | €18.29M | €14.88M | €32.23M | €20.94M | €25.87M | ▲ 23.6% |
| Financial debts43 | €5.00M | €14.59M | €31.78M | €5.71M | €5.71M | = |
| Credit institutions430/8 | €5.00M | €5.00M | €5.00M | €5.00M | €5.00M | = |
| Other loans439 | - | €9.59M | €26.78M | €705k | €705k | = |
| Trade debts44 | €102k | €71k | €109k | €278k | €445k | ▲ 60.3% |
| Suppliers440/4 | €102k | €71k | €109k | €278k | €445k | ▲ 60.3% |
| Taxes, remuneration and social security45 | €279k | €221k | €340k | €514k | €521k | ▲ 1.2% |
| Taxes450/3 | - | €1k | €20k | €21k | €19k | ▼ 8.0% |
| Remuneration and social security454/9 | €279k | €220k | €320k | €494k | €501k | ▲ 1.6% |
| Other amounts payable47/48 | €12.91M | - | - | €14.44M | €19.20M | ▲ 33.0% |
| Accrued charges and deferred income492/3 | €376k | €2.39M | €1.88M | €3.58M | €2.19M | ▼ 38.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €94.20M | €-3.19M | €182.22M | €38.39M | €20.06M | ▼ 47.7% |
| + Depreciation and write-downs630 | €639 | €486 | €558 | - | - | - |
| Operating cash flow (approximation) | €94.20M | €-3.19M | €182.22M | €38.39M | €20.06M | ▼ 47.7% |
| Investment in fixed assets (approximation) | - | €11.44M | €-16.25M | €-14.09M | €0 | ▲ 100% |
| Change in cash | - | €-127k | €150k | €-268k | €280k | ▲ 204% |
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
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 25 days late
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated · 25 days late
2025
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated · 63 days late
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 63 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €182.22M
Net result €182.22M after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2019
31-12
Financial
Back to profitnet €49.39M
Net result €49.39M after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 22 acts read
About the unread acts
We know of 22 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
22 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, Antwerpen · 1 establishment unit since 1988
Ground area
3,310 m²
Building footprint
1,463 m²
Volume, LiDAR
33,042 m³
Parcel 11811L3947/00N000, Flanders · tallest building 29.4 m, ±8 floors. Linked by address, not a title deed.
57
companies at this address
See who is registered here
1 establishment unit
De Gerlachekaai 20, 2000 Antwerpen
since 19882.032.508.306
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3947/00N000 | Flanders | 3,310 m² | 1 · 1,463 m² | 29.4 m · 8 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
Ownership & control
15 subsidiaries, 7 abroadSAVERCOBE 0427.685.965
controls
Where this company holds controlsubsidiary per the LEI register15
Antwerpen
Antwerp · LEI lapsed
Gent
GENER8 MARITIME SUBSIDIARY II INC.
Majuro, MH · LEI lapsed
Antwerpen · indirect
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Hamilton, Bermuda · indirect · LEI lapsed
EURONAV LUXEMBOURG S.A.
Luxembourg, Luxembourg · indirect
FAIR HOPE LIMITED
Wan Chai, Hong Kong · indirect · LEI lapsed
GENER8 MARITIME SUBSIDIARY VIII INC.
Majuro, MH · indirect · LEI lapsed
TI AFRICA LIMITED
Hong Kong, Hong Kong · indirect
TI Asia Limited
Hong Kong, Hong Kong · indirect
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 2,752 EUR awarded · 2,752 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,428 EUR | 2,428 EUR |
| 2023 | 1 | 324 EUR | 324 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
549300GW6QULI0VUNM90
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Identification & contact
Identification
Legal formPublic limited company
Founded31-07-1985
Fiscal year end31-12
Activities, NACEBEL 2025
50200Water transport
64210Activities of holding companies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.