SERVIPACK
ActiveSERVIPACK has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €162k and a net result of €-89k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 49% of 11206 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency81▼-14
Growth52=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity ample (current ratio 1.82 against 2.58 in 2024), but 59.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.7%
Return on assets
-22.5%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€89k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-12-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
25 d early
2023
12 d late
2022
7 d late
2021
on the day
2020
16 d early
2019
44 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€162k▼ 35.6%
2024 · €251k
2019: €157k
2020: €158k
2021: €167k
2022: €250k
2023: €271k
2024: €251k
2019 → 2025
Total assets
€398k▼ 20.6%
2024 · €500k
2019: €346k
2020: €412k
2021: €387k
2022: €416k
2023: €517k
2024: €500k
2019 → 2025
Net result
€-89k▼ 347%
2024 · €-20k
2019: €50k
2020: €1k
2021: €9k
2022: €83k
2023: €21k
2024: €-20k
2019 → 2025
Working capital
€139k▼ 41.7%
2024 · €239k
2019: €140k
2020: €127k
2021: €131k
2022: €204k
2023: €226k
2024: €239k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€167k-€250k▲ 49.4%€271k▲ 8.6%€251k▼ 7.4%€162k▼ 35.6%
Operating result€19k-€123k▲ 546%€40k▼ 67.7%€-5k€-75k▼ 1,401%
Net result€9k-€83k▲ 824%€21k▼ 74.0%€-20k€-89k▼ 347%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €75k in 2025 against €5k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €398k
Fixed assets
€89k▼ 19.3%
Current assets
€309k▼ 20.9%
Equity and liabilities €398k
Equity
€162k▼ 35.6%
Debt
€236k▼ 5.5%
The debt ratio rises from 49.8% to 59.3%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-51k▼
2024 · €20k
Cash flow
€-65k▼
2024 · €5k
Solvency
40.7%▼
2024 · 50.2%
Current ratio
1.82▼
2024 · 2.58
Quick ratio
0.48▼
2024 · 0.74
Debt / equity
1.46▲
2024 · 0.99
ROE
-55.2%▼
2024 · -8.0%
ROA
-22.5%▼
2024 · -4.0%
Interest coverage
-3.11▼
2024 · 1.34
Debt
€236k▼
2024 · €249k
Debt ≤ 1 year
€170k▲
2024 · €151k
Debt > 1 year
€65k▼
2024 · €94k
Income taxes
€218▲
2024 · €212
Staff costs
€152k▼
2024 · €153k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€500k€398k▼
Fixed assets21/28€110k€89k▼
Tangible fixed assets22/27€107k€86k▼
Land and buildings22€46k€39k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€57k€44k▼
Financial fixed assets28€2k€2k=
Current assets29/58€391k€309k▼
Amounts receivable after more than one year29€12k€14k▲
Other amounts receivable291€12k€14k▲
Stocks and contracts in progress3€279k€227k▼
Stocks30/36€279k€227k▼
Amounts receivable within one year40/41€63k€60k▼
Trade receivables40€52k€42k▼
Other amounts receivable41€12k€18k▲
Cash at bank and in hand54/58€36k€6k▼
Deferred charges and accrued income490/1€230€2k▲
Equity and liabilities
Total equity and liabilities10/49€500k€398k▼
Equity10/15€251k€162k▼
Contributions10/11€19k€19k=
Reserves13€253k€143k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€253k€143k▼
Profit (loss) carried forward14€-20k€0▲
Amounts payable17/49€249k€236k▼
Amounts payable after more than one year17€94k€65k▼
Financial debts170/4€94k€65k▼
Other amounts payable178/9€0-
Amounts payable within one year42/48€151k€170k▲
Current portion of amounts payable after more than one year42€28k€30k▲
Financial debts43€67k€73k▲
Credit institutions430/8€67k€73k▲
Trade debts44€33k€47k▲
Suppliers440/4€33k€47k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€22k€19k▼
Taxes450/3€80€8k▲
Remuneration and social security454/9€22k€11k▼
Other amounts payable47/48€1k€1k=
Accrued charges and deferred income492/3€3k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€153k€152k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€24k▼
Other operating charges640/8€8k€6k▼
Gross operating margin9900€181k€107k▼
Operating profit (loss)9901€-5k€-75k▼
Financial income75/76B€241€2k▲
Recurring financial income75€241€2k▲
Financial charges65/66B€15k€16k▲
Recurring financial charges65€15k€16k▲
Profit (loss) for the period before taxes9903€-20k€-89k▼
Income taxes67/77€212€218▲
Profit (loss) for the period9904€-20k€-89k▼
Profit (loss) for the period to be appropriated9905€-20k€-89k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-109k▼
Profit (loss) brought forward from the previous period14P-€-20k
Transfer from equity791/2-€109k
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90872.6-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €-89k
Net result drops to €-89k, the lowest in the series.
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 12 days late
2023
07-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
30-06
Financial
Highest result since 2019net €83k ▲824%
Operating result €123k, net result €83k, both a record.
30-06
Financial
Equity above €200kEq €250k ▲49.4%
4 profitable years in a row build equity to €250k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
07-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Wortegem-Petegem · 2 establishment units since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Langestraat (E.) 62a9790 Wortegem-PetegemGround area
1,744 m²
Building footprint
1,134 m²
Volume, LiDAR
6,229 m³
3 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SERVIPACK
since 20072.160.351.237
Ecovlam
since 20222.328.419.177
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45008B0286/00E000 | Flanders | 705 m² | 1 · 235 m² | 7.6 m · 1 fl. |
| 45008A0527/00Z002 | Flanders | 542 m² | 1 · 121 m² | 8.8 m · 2 fl. |
| 45008A0527/00N003 | Flanders | 498 m² | 1 · 778 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,070 companies in sector 46140 we hold annual accounts for 640. 500 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-03-2007
Fiscal year end30-06
Activities, NACEBEL
46140Agents in the wholesale of industrial machinery, ships and aircraft
46642Wholesale trade
28291Manufacture of machinery and equipment not elsewhere classified
43211General electrical installation work
45310
46649Wholesale of other machinery and equipment
51873
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.