Servitec
ActiveSummary
Servitec has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €333k and a net result of €233k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 9040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability64▼-13
Solvency54▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.53 in 2023; short-term debt: 33.7% and cash: 0% of total assets), and 70.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €333k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-09-2025, 42 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d late
2023
27 d late
2022
110 d early
2021
157 d late
2020
130 d late
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€333k▲ 234%
2023 · €100k
2018: €86k
2019: €95k▲ +10.6% vs 2018
2020: €107k▲ +12.5% vs 2019
2021: €-62k▼ -158% vs 2020lowest in 7 years
2022: €25k▲ +140% vs 2021
2023: €100k▲ +307% vs 2022
2024: €333k▲ +234% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.14M▼ 1.5%
2023 · €1.16M
2018: €1.04M
2019: €957k▼ -7.7% vs 2018
2020: €957k● 0.0% vs 2019
2021: €888k▼ -7.1% vs 2020
2022: €821k▼ -7.6% vs 2021lowest in 7 years
2023: €1.16M▲ +41.4% vs 2022highest in 7 years
2024: €1.14M▼ -1.5% vs 2023
2018 → 2024
Net result
€233k▲ 210%
2023 · €75k
2018: €10k
2019: €9k▼ -10.7% vs 2018
2020: €12k▲ +30.4% vs 2019
2021: €-169k▼ -1517% vs 2020lowest in 7 years
2022: €86k▲ +151% vs 2021
2023: €75k▼ -13.0% vs 2022
2024: €233k▲ +210% vs 2023highest in 7 years
2018 → 2024
Working capital
€72k▼ 51.7%
2023 · €149k
2018: €55k
2019: €28k▼ -49.3% vs 2018
2020: €30k▲ +7.6% vs 2019
2021: €-103k▼ -440% vs 2020lowest in 7 years
2022: €269k▲ +362% vs 2021highest in 7 years
2023: €149k▼ -44.7% vs 2022
2024: €72k▼ -51.7% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€107k-€-62k€25k€100k▲ 307%€333k▲ 234%
2020: €107k
2021: €-62k▼ -158% vs 2020lowest in 5 years
2022: €25k▲ +140% vs 2021
2023: €100k▲ +307% vs 2022
2024: €333k▲ +234% vs 2023highest in 5 years
Operating result€42k-€-151k€114k€99k▼ 12.6%€33k▼ 66.4%
2020: €42k
2021: €-151k▼ -463% vs 2020lowest in 5 years
2022: €114k▲ +175% vs 2021highest in 5 years
2023: €99k▼ -12.6% vs 2022
2024: €33k▼ -66.4% vs 2023
Net result€12k-€-169k€86k€75k▼ 13.0%€233k▲ 210%
2020: €12k
2021: €-169k▼ -1517% vs 2020lowest in 5 years
2022: €86k▲ +151% vs 2021
2023: €75k▼ -13.0% vs 2022
2024: €233k▲ +210% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 66% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.14M
Fixed assets
€686k ▼ 5.9%
Current assets
€457k ▲ 5.8%
Equity and liabilities €1.14M
Equity
€333k ▲ 234%
Debt
€811k ▼ 23.6%
Debt's share of the balance-sheet total falls from 91.4% to 70.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€80k▼
2023 · €140k
Cash flow
€279k▲
2023 · €115k
Current ratio
1.19▼
2023 · 1.53
Debt to equity
2.44▼
2023 · 10.65
ROE
70.1%▼
2023 · 75.4%
ROA
20.4%▲
2023 · 6.5%
Interest coverage
2.38▼
2023 · 6.13
Debt ≤ 1 year
€385k▲
2023 · €283k
Debt > 1 year
€425k▼
2023 · €778k
Income taxes
€122k▲
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.16M€1.14M▼
Fixed assets21/28€729k€686k▼
Tangible fixed assets22/27€729k€686k▼
Land and buildings22€698k€659k▼
Plant, machinery and equipment23€880€592▼
Furniture and vehicles24€30k€26k▼
Other tangible fixed assets26€73€3▼
Financial fixed assets28€150€150=
Current assets29/58€432k€457k▲
Amounts receivable after more than one year29€220k€220k=
Other amounts receivable291€220k€220k=
Amounts receivable within one year40/41€209k€220k▲
Trade receivables40€107k€48k▼
Other amounts receivable41€102k€172k▲
Cash at bank and in hand54/58€227€146▼
Deferred charges and accrued income490/1€3k€17k▲
Equity and liabilities
Total equity and liabilities10/49€1.16M€1.14M▼
Equity10/15€100k€333k▲
Contributions10/11€19k€19k=
Reserves13€81k€314k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€15k€15k=
Distributable reserves133€64k€297k▲
Amounts payable17/49€1.06M€811k▼
Amounts payable after more than one year17€778k€425k▼
Financial debts170/4€778k€425k▼
Amounts payable within one year42/48€283k€385k▲
Current portion of amounts payable after more than one year42€67k€41k▼
Financial debts43€10k€46k▲
Credit institutions430/8€10k€46k▲
Trade debts44€86k€161k▲
Suppliers440/4€86k€161k▲
Taxes, remuneration and social security45€43k€123k▲
Taxes450/3€43k€123k▲
Other amounts payable47/48€77k€13k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€46k▲
Other operating charges640/8€62k€26k▼
Gross operating margin9900€201k€106k▼
Operating profit (loss)9901€99k€33k▼
Financial income75/76B€11k€355k▲
Recurring financial income75€11k€14k▲
Non-recurring financial income76B-€341k
Financial charges65/66B€23k€33k▲
Recurring financial charges65€23k€33k▲
Profit (loss) for the period before taxes9903€87k€355k▲
Income taxes67/77€12k€122k▲
Profit (loss) for the period9904€75k€233k▲
Profit (loss) for the period to be appropriated9905€75k€233k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€233k▲
Profit (loss) brought forward from the previous period14P€-56k-
Transfer to equity691/2€19k€233k▲
To other reserves6921€19k€233k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €4k | €-46 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40k | €38k | €30k | €40k | €46k | ▲ 14.3% |
| Other operating charges640/8 | - | €122k | €13k | €62k | €26k | ▼ 57.0% |
| Gross operating margin9900 | €152k | €13k | €157k | €201k | €106k | ▼ 47.4% |
| Operating profit (loss)9901 | €42k | €-151k | €114k | €99k | €33k | ▼ 66.4% |
| Financial income75/76B | - | €12k | €7k | €11k | €355k | ▲ 3,191% |
| Recurring financial income75 | €5k | €12k | €7k | €11k | €14k | ▲ 32.7% |
| Non-recurring financial income76B | - | - | - | - | €341k | - |
| Financial charges65/66B | - | €29k | €34k | €23k | €33k | ▲ 46.4% |
| Recurring financial charges65 | €23k | €29k | €34k | €23k | €33k | ▲ 46.4% |
| Profit (loss) for the period before taxes9903 | €19k | €-169k | €87k | €87k | €355k | ▲ 306% |
| Income taxes67/77 | €8k | €274 | €255 | €12k | €122k | ▲ 891% |
| Profit (loss) for the period9904 | €12k | €-169k | €86k | €75k | €233k | ▲ 210% |
| Profit (loss) for the period to be appropriated9905 | €12k | €-169k | €86k | €75k | €233k | ▲ 210% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €957k | €888k | €821k | €1.16M | €1.14M | ▼ 1.5% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €484k | €408k | €371k | €729k | €686k | ▼ 5.9% |
| Intangible fixed assets21 | €2k | €532 | - | - | - | - |
| Tangible fixed assets22/27 | €482k | €408k | €371k | €729k | €686k | ▼ 5.9% |
| Land and buildings22 | - | €398k | €369k | €698k | €659k | ▼ 5.6% |
| Plant, machinery and equipment23 | - | €2k | €1k | €880 | €592 | ▼ 32.8% |
| Furniture and vehicles24 | - | €6k | - | €30k | €26k | ▼ 13.0% |
| Other tangible fixed assets26 | - | €2k | €302 | €73 | €3 | ▼ 96.4% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €475k | €480k | €450k | €432k | €457k | ▲ 5.8% |
| Amounts receivable after more than one year29 | - | - | €220k | €220k | €220k | = |
| Other amounts receivable291 | - | - | €220k | €220k | €220k | = |
| Stocks and contracts in progress3 | €245k | €107k | - | - | - | - |
| Stocks30/36 | - | €107k | - | - | - | - |
| Amounts receivable within one year40/41 | €247k | €359k | €218k | €209k | €220k | ▲ 5.4% |
| Trade receivables40 | - | €159k | €55k | €107k | €48k | ▼ 54.9% |
| Other amounts receivable41 | - | €200k | €162k | €102k | €172k | ▲ 68.7% |
| Current investments50/53 | €3k | - | - | - | - | - |
| Cash at bank and in hand54/58 | €11k | €8k | €2k | €227 | €146 | ▼ 35.4% |
| Deferred charges and accrued income490/1 | - | €6k | €10k | €3k | €17k | ▲ 461% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €957k | €888k | €821k | €1.16M | €1.14M | ▼ 1.5% |
| Equity10/15 | €107k | €-62k | €25k | €100k | €333k | ▲ 234% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €88k | €62k | €62k | €81k | €314k | ▲ 288% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €15k | €15k | €15k | €15k | = |
| Distributable reserves133 | - | €45k | €45k | €64k | €297k | ▲ 365% |
| Profit (loss) carried forward14 | €10k | €-142k | €-56k | - | - | - |
| Amounts payable17/49 | €862k | €950k | €797k | €1.06M | €811k | ▼ 23.6% |
| Amounts payable after more than one year17 | €437k | €368k | €607k | €778k | €425k | ▼ 45.4% |
| Financial debts170/4 | - | €368k | €607k | €778k | €425k | ▼ 45.4% |
| Amounts payable within one year42/48 | €445k | €583k | €181k | €283k | €385k | ▲ 36.0% |
| Current portion of amounts payable after more than one year42 | - | €71k | €53k | €67k | €41k | ▼ 38.3% |
| Financial debts43 | - | €8k | €14k | €10k | €46k | ▲ 350% |
| Credit institutions430/8 | - | €8k | €14k | €10k | €46k | ▲ 350% |
| Trade debts44 | €120k | €67k | €12k | €86k | €161k | ▲ 87.6% |
| Suppliers440/4 | - | €67k | €12k | €86k | €161k | ▲ 87.6% |
| Taxes, remuneration and social security45 | - | €150k | €88k | €43k | €123k | ▲ 189% |
| Taxes450/3 | - | €150k | €88k | €43k | €123k | ▲ 189% |
| Other amounts payable47/48 | - | €287k | €14k | €77k | €13k | ▼ 82.8% |
| Accrued charges and deferred income492/3 | - | €139 | €9k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €-169k | €86k | €75k | €233k | ▲ 210% |
| + Depreciation and write-downs630 | €40k | €38k | €30k | €40k | €46k | ▲ 14.3% |
| Operating cash flow (approximation) | €52k | €-131k | €116k | €115k | €279k | ▲ 142% |
| Investment in fixed assets (approximation) | - | €38k | €8k | €-398k | €-3k | ▲ 99.2% |
| Change in cash | - | €-4k | €-5k | €-2k | €-80 | ▲ 96.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 42 days late
2024
31-12
Financial
Highest result since 2018net €233k ▲210%
Net result €233k, the highest in the series.
31-12
Financial
Equity above €200kEq €333k ▲234%
3 profitable years in a row build equity to €333k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 157 days late
2022
31-12
Financial
Back to profitnet €86k
Net result €86k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.49
Current ratio from 0.82 to 2.49; short-term debt falls from €583k to €181k.
2021
31-12
Financial
Weakest financial yearnet €-169k
Net result drops to €-169k, the lowest in the series; recovery starts the following year.
08-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 130 days late
2020
31-12
Financial
Equity above €100kEq €107k ▲12.5%
3 profitable years in a row build equity to €107k.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Wommelgem · 1 establishment unit since 2011
Ground area
2.2 ha
Building footprint
4,418 m²
Volume, LiDAR
27,940 m³
Parcel 11052A0328/00A000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
Servitec
since 20112.205.131.187
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052A0328/00A000 | Flanders | 2.2 ha | 1 · 4,418 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,503 companies in sector 46649 we hold annual accounts for 1,755. 1,363 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
70200Business and other management consultancy
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
46630Wholesale trade
46645Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.