Active · per the CBE, 16 September 2026

SAVACO

BE0442901901

Rechtspersoon Public limited company 2 establishments

SAVACO is an IT company in Kortrijk. Public Limited, started on 4 February 1991, 2 establishments.

Beneluxpark(Kor) 19, 8500 Kortrijk

Active for

35 year, 7 months

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Figures corrected NBB

    Corrected annual account filed for 2025.

Financials

Financial year 2025

SAVACO from Kortrijk, company number BE0442901901, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year SAVACO recorded revenue of € 66.9 million and equity of € 8.3 million. Compared with financial year 2024, the result moved from € -3.6 million to € 1.9 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.

What it is worth Growing

€ 8.3 million

▲ 30% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 1.9 million

▲ still € 3.6 million loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 3 million

▲ 33% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 8.2 million.

People and assets in 2025

Full-time equivalents

242.3

▲ 35.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 23.4 million

▲ 31% vs 2024

€ 96,600 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.

Vehicles and equipment

€ 189,201

▲ € 147,446 vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 2 years to go

€ 9 million

▼ 31% vs 2024

€ 4.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 13.1 million

▲ 29% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 114 days on average.

Taxes and wages

€ 7.9 million

▲ 89% vs 2024

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
2022202320242025Change 2024 → 2025
Revenue € 45,940,961 € 53,847,413 € 54,531,878 € 66,872,089 ▲ 23%
Profit after taxes € 2,801,730 € 1,143,224 € -3,614,650 € 1,934,395 ▲ € 5.5 million
Equity € 8,835,476 € 9,978,700 € 6,364,050 € 8,298,445 ▲ 30%
Total debts € 28,950,400 € 39,605,449 € 38,837,277 € 45,523,379 ▲ 17%
Cash € 5,626,868 € 2,292,893 € 2,241,073 € 2,972,839 ▲ 33%
Land & buildings € 1,922,203 € 1,944,604 € 1,852,451 € 10,253 ▼ 99%
Retained profit € 8,711,476 € 9,854,700 € 6,240,050 € 8,174,445 ▲ 31%
Bank debt € 5,056,250 € 10,368,750 € 12,950,728 € 8,993,750 ▼ 31%
Balance sheet total € 37,953,246 € 49,734,694 € 45,344,788 € 53,827,653 ▲ 19%
Employees (FTE) 187.5 203.7 207.2 242.3 ▲ 35.1

Key figures of SAVACO, 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 SAVACO?

What happened at SAVACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

  • Quidam V.O.F. stepped down as director. NBB
  • Savaco Holding NV stepped down as director. NBB
  • Alshain BV stepped down as director. NBB
  • Valize BV stepped down as director. NBB
  • Eixample BV stepped down as director. NBB
  • Callens Vandelanotte NV stepped down as director. NBB
  • Corrected annual accounts filed for financial year 2025. Source: NBB ↗
  • Callens Vandelanotte NV became a director. NBB

In short

From € 2.8 million profit in 2022 to € 1.9 million profit in 2025.

Paid € 4.4 million in corporate taxes since 2022.

Best year ever: 2022, with € 2.8 million profit.

Pays suppliers within 114 days on average.

Management

The stake of Savaco Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

SAVACO
QCOM 29.5%

The shares are held by Savaco Holding (100%). It owns 29.5% of QCOM itself.

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Directors

According to the 2025 annual accounts

Quidam V.O.F.

Managing director · represented by Rik Vandemoortele

Also active at: ADVIES EN SERVICE CENTRUM VOOR INFORMATICA, Savaco Holding, TrueGEN, TECHNE IT SOLUTIONS

since 2023 · until 2028

Savaco Holding NV

Managing director · represented by Joseph H.M.A. roepnaam Maurice Bronckers

since 2023 · until 2028

Alshain BV

Managing director · represented by Louis Sabbe

Also active at: ADVIES EN SERVICE CENTRUM VOOR INFORMATICA, TrueGEN, TECHNE IT SOLUTIONS

since 2023 · until 2028

Valize BV

Managing director · represented by Lieven Vandamme

Also active at: ADVIES EN SERVICE CENTRUM VOOR INFORMATICA, TECHNE IT SOLUTIONS

since 2023 · until 2028

Eixample BV

Managing director · represented by Dirk Michiels

since 2023 · until 2028

Shareholders

Participations

QCOM

29.5%

Establishments

Establishment units

Physical locations of this company

Registered office

Beneluxpark(Kor) 19

8500 Kortrijk

2.326.494.421

Interleuvenlaan 62

3001 Leuven

Active since 1 January 2022

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 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.

Details

Company number
0442.901.901
VAT number
BE 0442.901.901
Registered office
Beneluxpark(Kor) 19, 8500 Kortrijk
Names & denominations
SAVACO
Enterprise type
Rechtspersoon
Legal form
Public limited company
Legal situation
Normale toestand
Start date
4 February 1991
Peppol
Active · Active since 1 Jan 2001
Activities · NACE

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Frequently asked questions

What does SAVACO do?
SAVACO is an IT company in Kortrijk. Public Limited, started on 4 February 1991, 2 establishments.
What is the address of SAVACO?
The registered office of SAVACO is located at Beneluxpark(Kor) 19, 8500 Kortrijk.
Is SAVACO still active?
Yes. According to the CBE (16 September 2026) SAVACO is active, legal situation “Normale toestand”, started on 4 February 1991.
Is SAVACO registered on Peppol?
Yes, SAVACO is registered on the Peppol network with ID 0208:0442901901.
What is the enterprise number of SAVACO?
The enterprise number of SAVACO is BE0442901901.
When was SAVACO founded?
SAVACO was founded on 4 February 1991.