NEW SERVHYDRO

Active

Private limited companyfounded 20205 yrs activeRue Robesse 5, 6041 Charleroi, BelgiumKBO/BCE: BE 0757.525.953

NEW SERVHYDRO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €675k and a net result of €117k. Equity is growing by ~38.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 6007 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).

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Checked score

Score 2024

93 / 100

Excellent▼ -1 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability86▼-14

Solvency99▲+7

Growth52▼-26

Stability94

Bankruptcy probability, 12 months

1.3% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €65k at 30 days acceptable

Liquidity ample (current ratio 2.6 against 1.94 in 2023), and 35.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

64.1%

Return on assets

11.1%

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-02-2025, 154 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

154 d early

2023

135 d early

2022

103 d early

2021

131 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€117k▼ 49.4%

2023 · €231k

2021: €163k 2022: €145k 2023: €231k

2021 → 2024

Working capital

€581k▲ 23.0%

2023 · €472k

2021: €100k 2022: €221k 2023: €472k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€183k-€327k▲ 79.3%€558k▲ 70.4%€675k▲ 20.9%

Operating result€239k-€213k▼ 11.1%€320k▲ 50.5%€169k▼ 47.2%

Net result€163k-€145k▼ 11.0%€231k▲ 59.3%€117k▼ 49.4%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 47% below 2023 and is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.05M

10%

89.7%

Fixed assets €108k▼ 40.0%

Current assets €944k▼ 2.9%

Equity and liabilities €1.05M

64.1%

35.9%

Equity €675k▲ 20.9%

Debt €378k▼ 36.5%

The debt ratio falls from 51.6% to 35.9%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€248k▼

2023 · €435k

Cash flow

€196k▼

2023 · €346k

Solvency

64.1%▲

2023 · 48.4%

Current ratio

2.60▲

2023 · 1.94

Quick ratio

2.32▲

2023 · 1.74

Debt / equity

0.56▼

2023 · 1.07

ROE

17.3%▼

2023 · 41.3%

ROA

11.1%▼

2023 · 20.0%

Interest coverage

39.11▼

2023 · 71.64

Debt

€378k▼

2023 · €595k

Debt ≤ 1 year

€364k▼

2023 · €500k

Debt > 1 year

€14k▼

2023 · €95k

Income taxes

€46k▼

2023 · €83k

Staff costs

€621k▲

2023 · €590k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.15M€1.05M▼

Fixed assets21/28€181k€108k▼

Intangible fixed assets21€112k€83k▼

Tangible fixed assets22/27€69k€25k▼

Plant, machinery and equipment23€35k€8k▼

Furniture and vehicles24€13k€7k▼

Leasing and similar rights25€21k€10k▼

Current assets29/58€972k€944k▼

Stocks and contracts in progress3€103k€102k▼

Stocks30/36€103k€102k▼

Amounts receivable within one year40/41€453k€463k▲

Trade receivables40€441k€449k▲

Other amounts receivable41€12k€14k▲

Cash at bank and in hand54/58€398k€376k▼

Deferred charges and accrued income490/1€17k€3k▼

Equity and liabilities

Total equity and liabilities10/49€1.15M€1.05M▼

Equity10/15€558k€675k▲

Contributions10/11€20k€20k=

Profit (loss) carried forward14€538k€655k▲

Amounts payable17/49€595k€378k▼

Amounts payable after more than one year17€95k€14k▼

Financial debts170/4€95k€14k▼

Amounts payable within one year42/48€500k€364k▼

Current portion of amounts payable after more than one year42€147k€105k▼

Trade debts44€165k€127k▼

Suppliers440/4€165k€127k▼

Taxes, remuneration and social security45€115k€122k▲

Taxes450/3€25k€26k▲

Remuneration and social security454/9€90k€95k▲

Other amounts payable47/48€73k€10k▼

Income statement Code20232024

Remuneration, social security and pensions62€590k€621k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€115k€80k▼

Other operating charges640/8€15k€16k▲

Non-recurring operating charges66A€135-

Gross operating margin9900€1.04M€885k▼

Operating profit (loss)9901€320k€169k▼

Financial income75/76B€0€100▲

Recurring financial income75€0€100▲

Financial charges65/66B€6k€6k▲

Recurring financial charges65€6k€6k▲

Profit (loss) for the period before taxes9903€314k€162k▼

Income taxes67/77€83k€46k▼

Profit (loss) for the period9904€231k€117k▼

Profit (loss) for the period to be appropriated9905€231k€117k▼

Appropriation of the result

Profit (loss) to be appropriated9906€538k€655k▲

Profit (loss) brought forward from the previous period14P€307k€538k▲

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 4Filings 4

2025

27-02

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Weakest financial yearnet €117k ▼49.4%

Net result drops to €117k, the lowest in the series.

18-03

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Highest result since 2021net €231k ▲59.3%

Operating result €320k, net result €231k, both a record.

31-12

Financial Equity above €500kEq €558k ▲70.4%

3 profitable years in a row build equity to €558k.

19-04

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Equity above €200kEq €327k ▲79.3%

2 profitable years in a row build equity to €327k.

22-03

NBB filing Annual accounts filed

fiscal year 2021 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Charleroi · 1 establishment unit since 2020

establishment approximate The establishment unit on the map

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.

Rue Robesse 56041 Charleroi

Ground area

692 m²

Building footprint

116 m²

Volume, LiDAR

564 m³

Parcel 52028B0150/00F002, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

NEW SERVHYDRO

Rue Robesse 5, 6041 CharleroiManufacture of fabricated metal products, except machinery and equipment

since 20202.310.671.444

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52028B0150/00F002	Wallonia	692 m²	1 · 116 m²	6.8 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Caldic Techniek Belgium

BE 0422.884.861

Zaventem · Eq €638k

ATELIERS EMILE MEURICE

Sint-Katelijne-Waver · Eq €756k

GAME

BE 0425.867.612

Ingelmunster · Eq €595k

Of 53 companies in sector 28150 we hold annual accounts for 43. 29 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded27-10-2020

Fiscal year end31-12

Activities, NACEBEL

28150Manufacture of machinery and equipment not elsewhere classified

46649Wholesale of other machinery and equipment

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

Website:www.servhydro.com

Enterprise

E-mail:info@servhydro.be

Enterprise