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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of SAVACO is 0.1% (very low). The 2024 annual accounts show equity of €6.36M and a net result of €-3.61M. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 31% of 295 sector peers (fiscal year 2024). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.1%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Long track record
−Multiple establishment units
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Trust signals
2 signalsLong-established
Founded in 1991, 35 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Financials
Turnover€54.53M+1.3%
EBIT margin1.2%-3.9pp
Net result€-3.61M
Working capital€2.89M+193.0%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 17-06-2025 with the NBB · fiscal year 2024 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~3.8%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 62, Computer programming & consultancy · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 14.0% | 43.1% | |
| Net result | €-3.61M | €28k | |
| Equity | €6.36M | €79k | |
| Staff costs | €17.87M | €400k | |
| Employees (FTE) | 207.2 | 5.9 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P31
Stable position over 2020-2024
· n=104-295
P5
Stable position over 2020-2024
· n=104-295
P91
Stable position over 2020-2024
· n=104-295
P95
Stable position over 2021-2024
· n=73-147
Describes the position versus peers, not a forecast.
€54.53M
+1.3%
18-24
€1.75M
-53.1%
far above sector median
€-3.61M
-
far below sector median
€-2.53M
-
far below sector median
€45.34M
-8.8%
far above sector median
€6.36M
-36.2%
far above sector median
€2.89M
+193.0%
far above sector median
207
+1.7%
far above sector median
€17.87M
-0.9%
far above sector median
€252k
-70.7%
far above sector median
€4.20M
-30.0%
18-24
€38.84M
-1.9%
far above sector median
€17.51M
-17.4%
far above sector median
€11.26M
+29.7%
far above sector median
1.16
+11.3%
-86% vs sector
1.14
+10.9%
-87% vs sector
14.0%
-30.0%
-84% vs sector
6.10
+53.8%
far above sector median
-56.8%
-
far below sector median
-8.0%
-
far below sector median
-6.6%
-
18-24
3.2%
-53.6%
18-24
1.51
-67.2%
-84% vs sector
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | €54.53M |
| EBITDA | €1.75M |
| Net profit | €-3.61M |
| Cash flow | €-2.53M |
| Staff costs | €17.87M |
| Income taxes | €252k |
| Dividends | - |
| Total assets | €45.34M |
| Equity | €6.36M |
| Debt | €38.84M |
| of which ≤ 1y | €17.51M |
| of which > 1y | €11.26M |
| Working capital | €2.89M |
| Employees (FTE) | 207.2 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.16 |
| Quick ratio | 1.14 |
| Working capital ratio | 6.4% |
| Solvency | 14.0% |
| Debt / equity | 6.10 |
| Long-term debt ratio | 1.77 |
| Interest coverage | 1.51 |
| Gross margin | 52.7% |
| Net margin | -6.6% |
| ROA | -8.0% |
| ROE | -56.8% |
| EBITDA margin | 3.2% |
| Days sales outstanding | 68d |
| Days payable outstanding | 143d |
| Inventory turnover | 73.67 |
| Days inventory (DSI) | 5d |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €45.34M |
| Fixed assets | 21/28 | €24.95M |
| Intangible fixed assets | 21 | €3.00M |
| Tangible fixed assets | 22/27 | €3.94M |
| Financial fixed assets | 28 | €18.01M |
| Current assets | 29/58 | €20.40M |
| Stocks & contracts in progress | 3 | €350k |
| Amounts receivable within one year | 40/41 | €10.49M |
| Cash & bank | 54/58 | €2.24M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €45.34M |
| Equity | 10/15 | €6.36M |
| Contributions / capital | 10/11 | €124k |
| Reserves | 13 | €2.95M |
| Accumulated profits (losses) | 14 | €3.29M |
| Provisions & deferred taxes | 16 | €143k |
| Amounts payable | 17/49 | €38.84M |
| Amounts payable after one year | 17 | €11.26M |
| Amounts payable within one year | 42/48 | €17.51M |
| Trade debts payable within one year | 44 | €10.11M |
| Income statement | ||
| Turnover | 70 | €54.53M |
| Operating result | 9901 | €666k |
| Financial income | 75 | €140k |
| Financial charges | 65 | €1.18M |
| Result before taxes | 9903 | €-3.37M |
| Income taxes | 67/77 | €252k |
| Net result for the period | 9904 | €-3.61M |
| Result to be appropriated | 9905 | €-3.59M |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed42
/ 100
Weak
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
on the map · from the address register
seat.Municipality
exact location from the address register
Establishment units
2 locationsSAVACO NV
since 19912.051.618.690
SAVACO NV
since 20222.326.494.421
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1.5 ha
Buildings2
Building footprint1,057 m²
Volume (LiDAR)10,119 m³
Tallest building14.0 m · ±4 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514C0086/00N000 | Flanders | 9,445 m² | 1 · 412 m² | 7.3 m · 2 fl. |
| 34354D0268/00E000 | Flanders | 5,380 m² | 1 · 645 m² | 14.0 m · 4 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
20 acts Capital history · 1
14-06-2018
v3.2
All acts · 20
updated 10 months ago
2025
25-09-2025 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
completedNotary:
Arne De Geeter · Kortrijk
2024
05-12-2024 NV Calleins Vandelandotte appointed as statutory auditor
2023
28-09-2023 2 directors appointed
22-05-2023 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
otherNotary:
Lars HANSEN · AntwerpenFirm:
Deckers notarissen
2022
13-05-2022 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
completedNotary:
So Young PARK · KortrijkFirm:
DEFAUW & PARK geassocieerde notarissen
28-01-2022 2 directors appointed
- CVBA VANDELANOTTE BEDRIJFSREVISOREN, Commissaris
- Nikolas Vandelanotte, Vertegenwoordiger
Summary:
v3.2
2021
26-05-2021 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
completedNotary:
So Young Park · KortrijkFirm:
DEFAUW & PARK geassocieerde notarissen
24-03-2021 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
proposalNotary:
Rik Vandemoortele · Kortrijk
2020
15-10-2020 2 directors appointed, 1 resigning
- Joseph H.M.A. Bronckers, Bestuurder
- Joseph H.M.A. Bronckers, Gedelegeerd bestuurder
- Talky Walky CommV, Bestuurder
Summary:
v3.2
2019
03-06-2019 1 director appointed, 1 resigning
30-04-2019 7 directors appointed
- Rik Vandemoortele, Lid van het directiecomité
- Carl Sabbe, Lid van het directiecomité
- Louis Sabbe, Lid van het directiecomité
- Christoph Dejan, Lid van het directiecomité
- Marc Degryse, Lid van het directiecomité
- Lieven Vandamme, Lid van het directiecomité
- Wim Vandermeersch, Lid van het directiecomité
Summary:
v3.2
2018
17-07-2018 4 directors appointed, 1 resigning
- Nikolas Vandelanotte, Commissaris
- Savaco Holding NV, Bestuurder
- Quidam VOF, Gedelegeerd bestuurder
- Smart Dolphins VOF, Gedelegeerd bestuurder
- Hans Van de Velde, Bestuurder
Summary:
v3.2
14-06-2018 Transaction in capital or shares
Summary:
v3.2
17-05-2018 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
otherNotary:
Nick Samyn · Kortrijk
09-05-2018 3 directors appointed, 4 resigning
- VOF SMART DOLPHINS, Bestuurder
- VOF QUIDAM, Bestuurder
- Hans Van de Velde, Bestuurder
- VOF SMART DOLPHINS, Bestuurder
- VOF QUIDAM, Bestuurder
- NV FOCUS, Bestuurder
- BVBA EIXAMPLE, Bestuurder
Summary:
v3.2
2017
22-06-2017 4 directors appointed, 2 resigning
- Focus, Voorzitter van de raad van bestuur
- Sanders Johan, Vaste vertegenwoordiger van focus
- Eixample, Vaste vertegenwoordiger
- Michiels Dirk, Vaste vertegenwoordiger van eixample
- Degadt Martine, Bestuurder
- Vilain Morgane, Bestuurder
Summary:
v3.2
2016
14-07-2016 2 directors appointed, 2 resigning
- VOF SMART DOLPHINS, Gedelegeerd bestuurder
- VOF QUIDAM, Gedelegeerd bestuurder
- Carl Sabbe, Gedelegeerd bestuurder
- Rik Vandemoortele, Gedelegeerd bestuurder
Summary:
v3.2
2015
07-09-2015 7 directors appointed
- Nikolas Vandelanotte, Commissaris
- Carl Sabbe, Bestuurder
- Rik Vandemoortele, Bestuurder
- Martine Degadt, Bestuurder
- Morgane Vilain, Bestuurder
- Carl Sabbe, Gedelegeerd bestuurder
- Rik Vandemoortele, Gedelegeerd bestuurder
Summary:
v3.2
2010
12-04-2010 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
proposalNotary:
Carl SABBE · Kortrijk
2009
06-04-2009 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
proposalNotary:
Carl SABBE · Kortrijk
Analysis
Snowflake analysis
financial profile on 5 axes43
/ 100
Fragile profile, watch profitability in particular.
Health
42
Profitability
5
Solvency
24
Growth
45
Stability
100
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verdict per customer and amountSimilar
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Company registry (CBE)
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Primary activity highlighted.
Names & trade names
| Legal nameNL | SAVACO |
Registered office
Beneluxpark(Kor) 19
8500 Kortrijk, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.