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Servibox

Active
Public limited companyfounded 1989active for 37 yearsSpoorwegbaan 20, 1742 Ternat, BelgiumKBO/BCE: BE 0438.011.913
Summary

Servibox has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.1m and a net result of €234,842. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 56% of 95 sector peers (NACE 17, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Manufacture of paper and paper products
NACE 17120Manufacture of paper and paper products NACE 17210
3rd largest company by equity in Ternat, Manufacturing sector1 site
Size
€16.8mturnover 2025
Staff
34 FTE
Equity
€4.1m
Profit
€234,842
Financial health
88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
Sical · 88.61%
Accounts 30 days early2 of 12 deeds read
Why 88raises riskSector: Manufacture of paper and paper products (NACE 17)Liquidity: current ratio 1.79, cash €515,743lowers riskFounded in 1989Equity €4.1m (53.9% of total assets)Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 42% of its sector peers (NACE 17, small)
Financial strength · tick = 2024
Average
Solvency 79+1
equity 53.9% of total assets
Liquidity 40-6
short-term debt 39.4% · cash 6.7%
Profitability 61-3
return on assets 3.1%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (59 companies, NACE 17, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026lowest value 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value
Credit of up to €360,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.79, compared with 1.8 in 2024, above the usual 1.5; short-term debt: 39.4% and cash: 6.7% of total assets), and 46.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 17, small): better than 53% on solvency, 30% on liquidity, 37% on profitability and 50% on growth.

The bankruptcy probability was computed on 17-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1989
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €4.1m (53.9% of total assets)
NBB · annual accounts
raises risk · Sector: Manufacture of paper and paper products (NACE 17)
KBO
raises risk · Liquidity: current ratio 1.79, cash €515,743
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 days early
2024
17 days early
2023
22 days early
2022
46 days early
2021
44 days early
2020
27 days early
2019
21 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 30 days before the deadline; the sector median (NACE 17) for financial year 2024 is 13 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
18-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Reappointment: DGST RÉVISEUR D'ENTREPRISES (statutory auditor)Resignations: Frédéric Dufour (managing director)…

Key points

  • Positive: 3rd largest company by equity in Ternat, Manufacturing sectorin the Checked rankings No. 3 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €234,842 8 years View
  • Controlled by Sicalknown shareholders 100% 88.61% View
  • Caution: Result fell in 2025from €339,726 to €234,842 ▼ 30.9% View

By topic

Financials

Financial year
2025
Turnover
€16.8m
Profit
€234,842
Solvency
53.9%
Turnover▲ 0.8%
Net result
20182025
Go to Financials

Timeline

Events
41
Since
1990
Next accounts
by 31-07-2027
  1. 09-07-2024Annual accounts filed
  2. 16-05-2024Resignations: ROSSMANN Bernard, DUFOUR Frédéric and A.T.J.
  3. 15-06-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of paper and paper productsNACE 17120
Founded
18-07-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
17
Who signs
Two directors jointly
Annual meeting
Second Friday of June at 14:00
Purpose
“De commercialisatie,het fabriceren en het verwerken van papieren,kartons,plastic stoffen…” (deed in Dutch)
Go to Articles of association

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