Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 96.9 to 82.1.
Financials
Financial year 2025
SAVIC from Kortrijk, company number BE0405364879, closed financial year 2025 with a result of € -520,870 after tax. For that financial year SAVIC recorded revenue of € 14.3 million and equity of € 11.4 million. Compared with financial year 2024, the result moved from € 649,222 to € -520,870. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 11.4 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -520,870
▼ still € 649,222 profit in 2024
Profit after tax over the fiscal year.
€ 1.4 million
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 10.6 million.
People and assets in 2025
82.1
▼ 7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.4 million
▼ 14% vs 2024
€ 53,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 247,630
▼ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▼ 25% vs 2024
€ 428,571 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1 million
▲ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 44 days on average.
€ 729,916
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 23,585,599 | € 21,353,834 | € 19,099,435 | € 14,300,109 | ▼ 25% |
| Profit after taxes | € -789,529 | € 1,304,637 | € 649,222 | € -520,870 | ▼ € 1.2 million |
| Equity | € 10,956,950 | € 12,247,381 | € 11,885,078 | € 11,359,441 | ▼ 4% |
| Total debts | € 9,319,682 | € 7,710,383 | € 4,731,821 | € 3,359,979 | ▼ 29% |
| Cash | € 977,555 | € 935,514 | € 1,390,136 | € 1,396,141 | |
| Land & buildings | € 4,886,881 | € 4,551,523 | € 4,187,851 | € 3,797,066 | ▼ 9% |
| Retained profit | € 10,123,137 | € 11,422,277 | € 11,068,683 | € 10,551,623 | ▼ 5% |
| Dividend | € 0 | € 0 | € 1,000,000 | € 0 | ▼ 100% |
| Bank debt | € 2,571,429 | € 2,142,857 | € 1,714,286 | € 1,285,714 | ▼ 25% |
| Balance sheet total | € 21,406,968 | € 21,049,250 | € 17,670,267 | € 15,737,628 | ▼ 11% |
| Employees (FTE) | 113.3 | 96.9 | 89.1 | 82.1 | ▼ 7 |
Key figures of SAVIC, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SAVIC?
What happened at SAVIC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mirjana Savic stepped down as director. NBB
- Anne-Sofie Doornaert stepped down as director. NBB
- Edosa Nv stepped down as director. NBB
- Dragan Doornaert stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 520,870 (▼ € 1.2 million vs 2024). Source: NBB ↗
- Mirjana Savic became a director. NBB
- Anne-Sofie Doornaert became a director. NBB
- Edosa Nv became a director. NBB
In short
From € 789,529 loss in 2022 to € 520,870 loss in 2025.
Paid € 497,962 in corporate taxes since 2022.
Best year ever: 2023, with € 1.3 million profit.
Paid out € 1 million in dividends to the owners in total.
Management
The stake of EDOSA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SAVICThe shares are held by EDOSA (100%).
Directors
According to the 2025 annual accounts
since 2025 · until 2030
Director · represented by Eric Doornaert
since 2025 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ringlaan(Heu) 10
8501 Kortrijk
Waterven(Heu) 22
8501 Kortrijk
Active since 1 January 1800
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0405.364.879
- VAT number
- BE 0405.364.879
- Registered office
- Ringlaan(Heu) 10, 8501 Kortrijk
- Names & denominations
- SAVIC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 April 1966
- Peppol
- Active · Active since 17 Oct 2025
- Contact
- savic.be [email protected]
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