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Normec Servaco

Active
Public limited companyfounded 197353 yrs activeVlamingstraat 19, 8560 Wevelgem, BelgiumKBO/BCE: BE 0412.964.830
Summary

Normec Servaco has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.3m and a net result of €2.3m. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 48% of 304 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability90▼-1
Solvency62▼-35
Growth62▼-13
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €430,000 at 30 days acceptable
Liquidity short (current ratio 0.9 against 1.94 in 2024; short-term debt: 63.1% and cash: 3.3% of total assets), and 63.5% of the assets are financed with debt.
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Signals

Five 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 53 years 0 60 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
36.5%
Return on assets
13.3%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 filings
Deviation from the deadline
2025
27 d late
2024
28 d late
2023
26 d early
2022
11 d early
2021
3 d early
2020
24 d early
2019
31 d late
← 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 3 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

Normec Servaco was incorporated on 26 January 1973.1 In 2013 the capital was increased by EUR 527,920.2 The registered office was moved to Wevelgem in 2014.3 The name was changed to Normec Servaco in 2024.4 The board currently has 4 members; Jan Goossens has served longest, since 2022.5 Revenue grew from EUR 12 million in 2018 to EUR 24 million in 2025 and headcount from 107 to 171 full-time equivalents.6

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 29-01-2013
  3. 3Belgian State Gazette, 25-09-2014
  4. 4Belgian State Gazette, 15-01-2024
  5. 5Belgian State Gazette, 26-02-2025
  6. 6National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€24.2m▲ 11.3%
2024 · €21.8m
EBIT margin
14.1%▼ 0.1pp
2024 · 14.1%
Net result
€2.3m▼ 2.4%
2024 · €2.4m
Working capital
-€1.1m
2024 · €4.3m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€13.7m▲ 8.9%€16.0m▲ 16.4%€19.7m▲ 23.3%€21.8m▲ 10.6%€24.2m▲ 11.3%
Operating result€1.8m▲ 24.4%€1.7m▼ 1.3%€2.9m▲ 66.1%€3.1m▲ 6.9%€3.4m▲ 10.9%
Net result€1.3mabove the sector's middle half▲ 30.7%€1.2mabove the sector's middle half▼ 3.1%€2.2mabove the sector's middle half▲ 77.0%€2.4mabove the sector's middle half▲ 8.4%€2.3mabove the sector's middle half▼ 2.4%
EBIT margin12.8%▲ 1.6pp10.8%▼ 1.9pp14.6%▲ 3.8pp14.1%▼ 0.5pp14.1%▼ 0.1pp
Equity€12.4mabove the sector's middle half▲ 11.4%€13.6mabove the sector's middle half▲ 9.9%€9.4mabove the sector's middle half▼ 30.8%€11.8mabove the sector's middle half▲ 25.1%€6.3mabove the sector's middle half▼ 46.5%
Total assets€16.1mabove the sector's middle half▼ 3.4%€16.5mabove the sector's middle half▲ 2.4%€20.6mabove the sector's middle half▲ 24.6%€16.4mabove the sector's middle half▼ 20.3%€17.3mabove the sector's middle half▲ 5.1%
Debt€3.7m▼ 32.9%€2.9m▼ 22.6%€11.1m▲ 286%€4.6m▼ 58.4%€10.9m▲ 136%
Working capital€5.4mabove the sector's middle half▲ 27.9%€7.0mabove the sector's middle half▲ 28.9%€2.1mabove the sector's middle half▼ 69.5%€4.3mabove the sector's middle half▲ 101%-€1.1mbelow the sector's middle half
Solvency76.7%above the sector's middle half▲ 10.2pp82.4%above the sector's middle half▲ 5.7pp45.7%within the sector's middle half▼ 36.6pp71.8%above the sector's middle half▲ 26.0pp36.5%within the sector's middle half▼ 35.2pp
Current ratio2.46within the sector's middle half▲ 0.693.44above the sector's middle half▲ 0.981.19within the sector's middle half▼ 2.251.94within the sector's middle half▲ 0.740.90within the sector's middle half▼ 1.04
Return on assets (ROA)7.9%within the sector's middle half▲ 2.0pp7.4%within the sector's middle half▼ 0.4pp10.6%above the sector's middle half▲ 3.1pp14.4%above the sector's middle half▲ 3.8pp13.3%above the sector's middle half▼ 1.0pp
Staff (FTE)119.7above the sector's middle half▲ 5.3%122.9above the sector's middle half▲ 2.7%139.4above the sector's middle half▲ 13.4%159.2above the sector's middle half▲ 14.2%171.4above the sector's middle half▲ 7.7%
above within below the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€1.0m€2.0m€3.0mOperating result 2021: €1.8m€1.8mNet result 2021: €1.3m€1.3mOperating result 2022: €1.7m€1.7mNet result 2022: €1.2m€1.2mOperating result 2023: €2.9m€2.9mNet result 2023: €2.2m€2.2mOperating result 2024: €3.1m€3.1mNet result 2024: €2.4m€2.4mOperating result 2025: €3.4m€3.4mNet result 2025: €2.3m€2.3m20212022202320242025€0€1m€2m€3mOperating result 2023: €2.9m€2.9mNet result 2023: €2.2m€2.2mOperating result 2024: €3.1m€3.1mNet result 2024: €2.4m€2.4mOperating result 2025: €3.4m€3.4mNet result 2025: €2.3m€2.3m202320242025
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.3m
Fixed assets €7.5m ▼ 0.9%
Current assets €9.8m ▲ 10.2%
Equity and liabilities €17.3m
Equity €6.3m ▼ 46.5%
Debt €10.9m ▲ 136%
Debt's share of the balance-sheet total rises from 28.2% to 63.5%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€5.2m▲
2024 · €4.7m
Cash flow
€4.1m▲
2024 · €4.0m
Quick ratio
0.87▼
2024 · 1.87
Debt to equity
1.74▲
2024 · 0.39
ROE
36.5%▲
2024 · 20.0%
Interest coverage
27.98▼
2024 · 150426.05
Debt ≤ 1 year
€10.9m▲
2024 · €4.6m
Income taxes
€909,351▼
2024 · €910,323
Staff costs
€10.2m▲
2024 · €9.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,577 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.1% went bankrupt
3.1% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,577 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 79 lines
Balance sheet Code20242025
Assets
Total assets20/58€16.4m€17.3m▲
Fixed assets21/28€7.6m€7.5m▼
Intangible fixed assets21€450,927€376,765▼
Tangible fixed assets22/27€7.1m€7.1m▲
Land and buildings22€2.8m€2.8m▼
Plant, machinery and equipment23€3.9m€3.8m▼
Furniture and vehicles24€328,612€539,178▲
Financial fixed assets28€28,814€28,814=
Other financial fixed assets284/8€28,814€28,814=
Amounts receivable and cash guarantees285/8€28,814€28,814=
Current assets29/58€8.9m€9.8m▲
Stocks and contracts in progress3€322,049€305,295▼
Contracts in progress37€322,049€305,295▼
Amounts receivable within one year40/41€7.1m€8.5m▲
Trade receivables40€6.5m€8.5m▲
Other amounts receivable41€600,764€0▼
Cash at bank and in hand54/58€1.0m€564,448▼
Deferred charges and accrued income490/1€412,129€448,300▲
Equity and liabilities
Total equity and liabilities10/49€16.4m€17.3m▲
Equity10/15€11.8m€6.3m▼
Contributions10/11€1.1m€1.1m=
Capital10€1.1m€1.1m=
Issued capital100€1.1m€1.1m=
Reserves13€10.7m€5.2m▼
Non-distributable reserves130/1€110,000€110,000=
Legal reserve130€110,000€110,000=
Tax-exempt reserves132€52,640€52,640=
Distributable reserves133€10.5m€5.0m▼
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Major repairs and maintenance162€0-
Amounts payable17/49€4.6m€10.9m▲
Amounts payable within one year42/48€4.6m€10.9m▲
Trade debts44€2.0m€1.8m▼
Suppliers440/4€2.0m€1.8m▼
Taxes, remuneration and social security45€2.6m€3.9m▲
Taxes450/3€1.4m€2.4m▲
Remuneration and social security454/9€1.2m€1.5m▲
Other amounts payable47/48€3,181€5.2m▲
Accrued charges and deferred income492/3€56,280€65,679▲
Income statement Code20242025
Operating income70/76A€22.1m€24.7m▲
Turnover70€21.8m€24.2m▲
Change in stocks of work in progress, finished goods and contracts in progress71€105,169-€16,755▼
Other operating income74€250,770€503,457▲
Non-recurring operating income76A€4,463€2,500▼
Operating charges60/66A€19.0m€21.3m▲
Goods for resale, raw materials and consumables60€2.9m€3.2m▲
Purchases600/8€2.9m€3.2m▲
Services and other goods61€5.4m€6.0m▲
Remuneration, social security and pensions62€9.0m€10.2m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.7m€1.8m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€16,429€4,380▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€26,203€0▲
Other operating charges640/8€71,753€103,923▲
Non-recurring operating charges66A€0-
Operating profit (loss)9901€3.1m€3.4m▲
Financial income75/76B€203,313€7▼
Recurring financial income75€203,313€7▼
Income from current assets751€201,832€0▼
Other financial income752/9€1,482€7▼
Financial charges65/66B€7,776€197,549▲
Recurring financial charges65€7,097€188,101▲
Debt charges650€31€184,618▲
Other financial charges652/9€7,065€3,483▼
Non-recurring financial charges66B€679€9,447▲
Profit (loss) for the period before taxes9903€3.3m€3.2m▼
Income taxes67/77€910,323€909,351▼
Taxes670/3€964,555€931,977▼
Tax adjustments and reversals of tax provisions77€54,233€22,626▼
Profit (loss) for the period9904€2.4m€2.3m▼
Profit (loss) for the period to be appropriated9905€2.4m€2.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.4m€2.3m▼
Transfer from equity791/2€0€7.8m▲
From reserves792€0€7.8m▲
Transfer to equity691/2€2.4m€2.3m▼
To other reserves6921€2.4m€2.3m▼
Profit to be distributed694/7€0€7.8m▲
Return on contributions (dividend)694€0€7.8m▲
Social balance
Average headcount (FTE)9087159.2171.4▲

The notes to these accounts (65 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€13.9m€16.1m€19.8m€22.1m€24.7m▲ 11.7%
Turnover70€13.7m€16.0m€19.7m€21.8m€24.2m▲ 11.3%
Change in stocks of work in progress, finished goods and contracts in progress71€30,003€83,800-€29,750€105,169-€16,755▼ 116%
Other operating income74€109,881€110,802€122,807€250,770€503,457▲ 101%
Non-recurring operating income76A€4,840€0€4,959€4,463€2,500▼ 44.0%
Operating charges60/66A€12.1m€14.4m€16.9m€19.0m€21.3m▲ 11.8%
Goods for resale, raw materials and consumables60€1.9m€2.5m€2.6m€2.9m€3.2m▲ 7.4%
Purchases600/8€1.9m€2.5m€2.6m€2.9m€3.2m▲ 7.4%
Services and other goods61€3.2m€4.1m€5.1m€5.4m€6.0m▲ 11.2%
Remuneration, social security and pensions62€5.7m€6.5m€7.7m€9.0m€10.2m▲ 14.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.2m€1.3m€1.4m€1.7m€1.8m▲ 6.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€259€0€17,406€16,429€4,380▼ 73.3%
Provisions for liabilities and charges: additions (uses and reversals)635/8----€26,203€0▲ 100%
Other operating charges640/8€58,645€57,897€63,909€71,753€103,923▲ 44.8%
Non-recurring operating charges66A--€8,347€0--
Operating profit (loss)9901€1.8m€1.7m€2.9m€3.1m€3.4m▲ 10.9%
Financial income75/76B€2,845€4,195€146,720€203,313€7▼ 100.0%
Recurring financial income75€2,845€4,195€146,720€203,313€7▼ 100.0%
Income from current assets751€197€0€143,438€201,832€0▼ 100%
Other financial income752/9€2,647€4,195€3,282€1,482€7▼ 99.5%
Financial charges65/66B€4,890€4,199€6,303€7,776€197,549▲ 2,441%
Recurring financial charges65€4,644€3,791€3,843€7,097€188,101▲ 2,551%
Debt charges650€0--€31€184,618▲ 586,921%
Other financial charges652/9€4,644€3,791€3,843€7,065€3,483▼ 50.7%
Non-recurring financial charges66B€246€408€2,460€679€9,447▲ 1,291%
Profit (loss) for the period before taxes9903€1.8m€1.7m€3.0m€3.3m€3.2m▼ 1.8%
Transfer from deferred taxes780€133€0----
Income taxes67/77€481,963€500,130€837,730€910,323€909,351▼ 0.1%
Taxes670/3€481,963€500,130€850,378€964,555€931,977▼ 3.4%
Tax adjustments and reversals of tax provisions77--€12,648€54,233€22,626▼ 58.3%
Profit (loss) for the period9904€1.3m€1.2m€2.2m€2.4m€2.3m▼ 2.4%
Transfer from tax-exempt reserves789€258€0----
Profit (loss) for the period to be appropriated9905€1.3m€1.2m€2.2m€2.4m€2.3m▼ 2.4%
Line20212022202320242025Change
Assets
Total assets20/58€16.1m€16.5m€20.6m€16.4m€17.3m▲ 5.1%
Fixed assets21/28€7.0m€6.6m€7.4m€7.6m€7.5m▼ 0.9%
Intangible fixed assets21€21,898€42,190€422,146€450,927€376,765▼ 16.4%
Tangible fixed assets22/27€6.9m€6.6m€6.9m€7.1m€7.1m▲ 0.1%
Land and buildings22€3.4m€3.2m€3.1m€2.8m€2.8m▼ 2.9%
Plant, machinery and equipment23€3.2m€3.1m€3.6m€3.9m€3.8m▼ 3.2%
Furniture and vehicles24€267,986€237,369€292,266€328,612€539,178▲ 64.1%
Financial fixed assets28€21,604€26,064€28,814€28,814€28,814=
Other financial fixed assets284/8€21,604€26,064€28,814€28,814€28,814=
Amounts receivable and cash guarantees285/8€21,604€26,064€28,814€28,814€28,814=
Current assets29/58€9.2m€9.9m€13.2m€8.9m€9.8m▲ 10.2%
Stocks and contracts in progress3€162,831€246,631€216,880€322,049€305,295▼ 5.2%
Contracts in progress37€162,831€246,631€216,880€322,049€305,295▼ 5.2%
Amounts receivable within one year40/41€7.4m€9.0m€11.7m€7.1m€8.5m▲ 19.3%
Trade receivables40€4.4m€5.7m€5.7m€6.5m€8.5m▲ 30.4%
Other amounts receivable41€3.0m€3.3m€6.1m€600,764€0▼ 100%
Cash at bank and in hand54/58€1.3m€327,132€885,545€1.0m€564,448▼ 45.9%
Deferred charges and accrued income490/1€274,930€320,825€378,313€412,129€448,300▲ 8.8%
Equity and liabilities
Total equity and liabilities10/49€16.1m€16.5m€20.6m€16.4m€17.3m▲ 5.1%
Equity10/15€12.4m€13.6m€9.4m€11.8m€6.3m▼ 46.5%
Contributions10/11€1.1m€1.1m€1.1m€1.1m€1.1m=
Capital10€1.1m€1.1m€1.1m€1.1m€1.1m=
Issued capital100€1.1m€1.1m€1.1m€1.1m€1.1m=
Reserves13€11.3m€12.5m€8.3m€10.7m€5.2m▼ 51.3%
Non-distributable reserves130/1€110,000€110,000€110,000€110,000€110,000=
Legal reserve130€110,000€110,000€110,000€110,000€110,000=
Tax-exempt reserves132€52,640€52,640€52,640€52,640€52,640=
Distributable reserves133€11.1m€12.4m€8.2m€10.5m€5.0m▼ 52.0%
Provisions and deferred taxes16€26,203€26,203€26,203€0--
Provisions for liabilities and charges160/5€26,203€26,203€26,203€0--
Major repairs and maintenance162€26,203€26,203€26,203€0--
Deferred taxes168€0-----
Amounts payable17/49€3.7m€2.9m€11.1m€4.6m€10.9m▲ 136%
Amounts payable within one year42/48€3.7m€2.9m€11.1m€4.6m€10.9m▲ 138%
Trade debts44€2.0m€1.2m€2.3m€2.0m€1.8m▼ 10.1%
Suppliers440/4€2.0m€1.2m€2.3m€2.0m€1.8m▼ 10.1%
Taxes, remuneration and social security45€1.7m€1.7m€2.4m€2.6m€3.9m▲ 49.4%
Taxes450/3€762,285€924,165€1.3m€1.4m€2.4m▲ 72.7%
Remuneration and social security454/9€959,426€798,824€1.1m€1.2m€1.5m▲ 22.0%
Other amounts payable47/48€1,479€638€6.4m€3,181€5.2m▲ 163,803%
Accrued charges and deferred income492/3€5,924€15,101€68,481€56,280€65,679▲ 16.7%
Line20212022202320242025Change
Profit (loss) for the period9904€1.3m€1.2m€2.2m€2.4m€2.3m▼ 2.4%
+ Depreciation and write-downs630€1.2m€1.3m€1.4m€1.7m€1.8m▲ 6.1%
Operating cash flow (approximation)€2.5m€2.6m€3.6m€4.0m€4.1m▲ 1.1%
Investment in fixed assets (approximation)--€1.0m-€2.1m-€1.8m-€1.7m▲ 7.8%
Change in cash--€969,238€558,413€158,555-€479,652▼ 403%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
18-09
State Gazette act Resignation: Britt Denise Schuurs (director)
Power of attorney7 facts ▸
  • General meeting, 18-08-2026
  • Director resignation, Britt Denise Schuurs (director)
  • Power of attorney, Klaas Thibaut
  • Power of attorney, Sayanah Staelens
  • Power of attorney, Vincent Denoncin
  • Power of attorney
  • Power of attorney, Ad-Ministerie BV
27-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 27 days late
31-03
State Gazette act Appointment: KPMG Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Robin Huybrechts3 facts ▸
  • General meeting, 25/08/2025
  • Auditor appointment, KPMG Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Robin Huybrechts
25-02
State Gazette act Resignations: Robert Marcel Wolff (director) and Joep Jacobus Bruins (director)
3 facts ▸
  • General meeting, 29-01-2026
  • Director resignation, Robert Marcel Wolff (director)
  • Director resignation, Joep Jacobus Bruins (director)
2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 28 days late
26-02
State Gazette act Reappointments: Joep Bruins, Jan Goossens and Britt Schuurs
Permanent representatives: Henk Vandorpe and Robin Huybrechts7 facts ▸
  • General meeting, 27-06-2024
  • Director reappointment, Joep Bruins (director)
  • Director reappointment, Jan Goossens (director)
  • Director reappointment, Britt Schuurs (director)
  • Board meeting, 12-09-2024
  • Permanent representative, Henk Vandorpe
  • Permanent representative, Robin Huybrechts
12-02
State Gazette act Appointment: Alexander Simon Vercruysse (director)
2 facts ▸
  • General meeting, 17-01-2025
  • Director appointment, Alexander Simon Vercruysse (director)
2024
31-12
Financial Highest result since 2018net €2.4m ▲8.4%
Net result €2.4m, the highest in the series.
31-12
Financial Equity above €10mEq €11.8m ▲25.1%
7 profitable years in a row build equity to €11.8m.
05-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
15-01
State Gazette act Statutes amendment
Name change · Capital4 facts ▸
  • General meeting, 14-12-2023
  • Name change, Normec Servaco
  • Statutes amendment
  • Capital, €1.100.000
2023
20-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
Show earlier events
13-06
State Gazette act Resignation: Maria Princen (director)
Appointment: Mariska van Schaik (director)3 facts ▸
  • General meeting, 09-05-2023
  • Director resignation, Maria Princen (director)
  • Director appointment, Mariska van Schaik (director)
09-06
State Gazette act Reappointment: KPMG BEDRIJFSREVISOREN (statutory auditor)
2 facts ▸
  • General meeting, 17-10-2022
  • Auditor reappointment, KPMG BEDRIJFSREVISOREN
31-03
State Gazette act Appointment: Robert Wolff (director)
Power of attorney6 facts ▸
  • General meeting, 16-03-2023
  • Director appointment, Robert Wolff (director)
  • Power of attorney, Quinz Advocaten
  • Power of attorney, Ad-Ministerie BV
  • Power of attorney, Klaas Thibaut
  • Power of attorney, Sayanah Staelens
2022
26-09
State Gazette act Resignation: Kurt Tyssen (director)
4 facts ▸
  • General meeting, 23-08-2022
  • Director resignation, Kurt Tyssen (director)
  • Board meeting, 23-08-2022
  • Director resignation, Kurt Tyssen (managing director)
28-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
19-05
State Gazette act Resignation: Normec Servaco (director)
Appointments: Jan GOOSSENS (director) and Kurt TYSSEN (director)6 facts ▸
  • General meeting, 22-02-2022
  • Board meeting, 22-02-2022
  • Director resignation, Normec Servaco (director)
  • Director appointment, Jan GOOSSENS (director)
  • Director appointment, Kurt TYSSEN (director)
  • Director appointment, Kurt TYSSEN (managing director)
2021
07-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
08-02
State Gazette act Resignation: Normec 1 B.V. (director)
Permanent representatives: Marnix André CORNELIUS and Nicholas Van Landuyt · Appointments: Maria Martina Adriana PRINCEN (director) and Britt Denise SCHUURS (director)6 facts ▸
  • General meeting, 02-07-2020
  • Director resignation, Normec 1 B.V. (director)
  • Permanent representative, Marnix André CORNELIUS
  • Director appointment, Maria Martina Adriana PRINCEN (director)
  • Director appointment, Britt Denise SCHUURS (director)
  • Permanent representative, Nicholas Van Landuyt
2020
31-12
Financial Weakest financial yearnet €971,390 ▼43.2%
Net result drops to €971,390, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial Equity above €10mEq €10.1m ▲10.5%
2 profitable years in a row build equity to €10.1m.
18-11
State Gazette act Resignation: CVBA AUDITAS -VDG (statutory auditor)
Appointment: CVBA KPMG BEDRIJFSREVISOREN (statutory auditor) · Permanent representative: Henk Vandorpe4 facts ▸
  • General meeting, 03-10-2019
  • Auditor resignation, CVBA AUDITAS -VDG
  • Auditor appointment, CVBA KPMG BEDRIJFSREVISOREN
  • Permanent representative, Henk Vandorpe
30-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 30 days late
16-04
State Gazette act Resignations: VA Vlam-N-Vest, Nicholas Van Landuyt and Ingrid Kesteloot
Appointments: Normec Servaco, Normec 1 B.V. and Joep Bruins · Permanent representatives: Nicholas Van Landuyt and Marnix Cornelius · Mandate compensation18 facts ▸
  • General meeting, 04-12-2018
  • Director resignation, VA Vlam-N-Vest (director)
  • Director resignation, Nicholas Van Landuyt (director)
  • Director resignation, Ingrid Kesteloot (director)
  • Director appointment, Normec Servaco (director)
  • Permanent representative, Nicholas Van Landuyt
  • Director appointment, Normec 1 B.V. (director)
  • Permanent representative, Marnix Cornelius
  • Director appointment, Joep Bruins (director)
  • Mandate compensation, Normec Servaco
  • Mandate compensation, Normec 1 B.V.
  • Mandate compensation, Joep Bruins
  • +6 further facts in this act
2018
26-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
31-01
State Gazette act Resignation: BVBA BEDRIJFSREVISOR JACKY GODEFROIDT (statutory auditor)
Appointment: CVBA AUDITAS-VDG (statutory auditor) · Permanent representative: Sven VANSTEELANT · Mandate term5 facts ▸
  • General meeting, 13-12-2017
  • Director resignation, BVBA BEDRIJFSREVISOR JACKY GODEFROIDT (statutory auditor)
  • Auditor appointment, CVBA AUDITAS-VDG (statutory auditor)
  • Permanent representative, Sven VANSTEELANT
  • Mandate term, 2020
2017
27-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2014
25-09
State Gazette act Reappointments: Comm. VA "VLAM-N-VEST", Nicholas VAN LANDUYT and Ingrid KESTELOOT
Permanent representative: Nicholas VAN LANDUYT · Registered-office move9 facts ▸
  • General meeting, 26/06/2014
  • Director reappointment, Comm. VA "VLAM-N-VEST" (director)
  • Director reappointment, Comm. VA "VLAM-N-VEST" (managing director)
  • Director reappointment, Comm. VA "VLAM-N-VEST" (chair of the board)
  • Director reappointment, Nicholas VAN LANDUYT (director)
  • Director reappointment, Ingrid KESTELOOT (director)
  • Permanent representative, Nicholas VAN LANDUYT
  • Board meeting, 01/08/2014
  • Registered-office move, 8560 Wevelgem, Vlamingstraat 19
11-02
State Gazette act Reappointment: BVBA "BEDRIJFSREVISOR JACKY GODEFROIDT" (statutory auditor)
Mandate compensation3 facts ▸
  • General meeting, 14-06-2013
  • Auditor reappointment, BVBA "BEDRIJFSREVISOR JACKY GODEFROIDT"
  • Mandate compensation, BVBA "BEDRIJFSREVISOR JACKY GODEFROIDT"
2013
29-01
State Gazette act Capital & shares
Capital · Capital increase · Real estate6 facts ▸
  • Capital, €1.100.000
  • Capital increase, €527.919,97
  • Real estate, naakte eigendom van een kantoorgebouw met afhangen op en met grond
  • Statutes amendment
  • Auditor report, 16-10-2012
  • Commissioner, geen benoeming
2010
18-08
State Gazette act Appointment: Bedrijfsrevisoren Buyck, Godefroidt & C° (statutory auditor)
Permanent representative: Nicholas Van Landuyt3 facts ▸
  • General meeting, 26-07-2010
  • Auditor appointment, Bedrijfsrevisoren Buyck, Godefroidt & C° (statutory auditor)
  • Permanent representative, Nicholas Van Landuyt
2008
25-07
State Gazette act Reappointments: COMM.VA VLAM-N-VEST, Nicholas VAN LANDUYT and Ingrid KESTELOOT
Permanent representative: Nicholas VAN LANDUYT7 facts ▸
  • General meeting, 05-06-2008
  • Director reappointment, COMM.VA VLAM-N-VEST (director)
  • Director reappointment, Nicholas VAN LANDUYT (director)
  • Director reappointment, Ingrid KESTELOOT (director)
  • Director reappointment, COMM.VA VLAM-N-VEST (gedelegeerd bestuurder)
  • Director reappointment, COMM.VA VLAM-N-VEST (chair of the board)
  • Permanent representative, Nicholas VAN LANDUYT
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
20 of 20 acts read

Directors · office · real estate

Directors
4 directors, no change since 2026

Board 4

Jan Goossens
Director · since 01-01-2022
Current
Robert Wolff
Director · since 16-03-2023
Current
Mariska van Schaik
Director · since 09-05-2023
Current
Alexander Simon Vercruysse
Director · since 17-01-2025
Current
3 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Comm. VA Vlam-N-Vest
Chair of the board · since 05-06-2008 · Director · since 05-06-2008 · Legal entity · perm. rep.: Nicholas VAN LANDUYT
Not recently confirmed
VLAM - N - VEST
Chair of the board · since 26-06-2014 · Director · since 26-06-2014 · Public limited company · perm. rep.: Nicholas VAN LANDUYT
Not recently confirmed
NORMEC SERVACO
Director · since 04-12-2018 · Legal entity · perm. rep.: Nicholas Van Landuyt
Not recently confirmed

Day-to-day management 2

Comm. VA Vlam-N-Vest
Gedelegeerd bestuurder · since 05-06-2008 · Legal entity · perm. rep.: Nicholas VAN LANDUYT
Not recently confirmed
VLAM - N - VEST
Managing director · since 26-06-2014 · Public limited company · perm. rep.: Nicholas VAN LANDUYT
Not recently confirmed

Permanent representatives 1

Nicholas Van Landuyt
Permanent representative · since 04-12-2018 · for NORMEC SERVACO
Not recently confirmed

Statutory auditor 1

KPMG Réviseurs d'Entreprises
Statutory auditor · since 03-10-2019 · perm. rep.: Robin Huybrechts
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wevelgem · 3 establishment units since 1973
seat establishment All 3 establishment units on the map
Ground area
1.9 ha
Building footprint
7,445 m²
Volume, LiDAR
39,853 m³
3 parcels, Flanders · tallest building 24.9 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
3 establishment units
NORMEC SERVACO
Vlamingstraat 19, 8560 WevelgemNACE 4512001
since 19732.008.111.321
NORMEC SERVACO
Pullaar 207, 2870 Puurs-Sint-AmandsNACE 4512001
since 20012.008.111.420
NORMEC SERVACO
Nijverheidsstraat 1416-1418, 3570 AlkenSpecialised construction activities
since 20112.204.276.302
3 parcels
Flanders 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34041C0892/00V000 Flanders 1.4 ha 1 · 5,351 m² 10.4 m · 1 fl.
12032C0326/00M000 Flanders 2,875 m² 1 · 949 m² 24.9 m · 2 fl.
73302C0113/00T000 Flanders 2,310 m² 1 · 1,144 m² 8.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

20 people since 2008, 8 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Jan Goossens
  • Director, from 01-01-2022 to date
Robert Wolff
  • Director, from 16-03-2023 to date
Mariska van Schaik
  • Director, from 09-05-2023 to date
Alexander Simon Vercruysse
  • Director, from 17-01-2025 to date
KPMG Réviseurs d'Entreprises
  • Statutory auditor, from 03-10-2019 to date
Comm. VA Vlam-N-Vest
  • Chair of the board, already before 05-06-2008 not ended, last confirmed 25-07-2008
  • Director, already before 05-06-2008 not ended, last confirmed 25-07-2008
  • Gedelegeerd bestuurder, already before 05-06-2008 not ended, last confirmed 25-07-2008
VLAM - N - VEST
  • Chair of the board, already before 26-06-2014 not ended, last confirmed 25-09-2014
  • Director, already before 26-06-2014 not ended, last confirmed 25-09-2014
  • Managing director, already before 26-06-2014 not ended, last confirmed 25-09-2014
NORMEC SERVACO
  • Director, from 04-12-2018 not ended, last confirmed 16-04-2019
SCHUURS Britt Denise
  • Director, from 02-07-2020 to 01-09-2026
BRUINS Joep Jacobus
  • Director, from 04-12-2018 to 01-02-2026
Robert Marcel Wolff
  • Director, until 01-02-2026
PRINCEN Maria Martina Adriana
  • Director, from 02-07-2020 to 09-05-2023
Kurt Tyssen
  • Director, from 01-01-2022 to 23-08-2022
  • Managing director, from 01-01-2022 to 23-08-2022
Normec 1 B.V.
  • Director, from 04-12-2018 to 02-07-2020
CVBA AUDITAS-VDG
  • Statutory auditor, from 13-12-2017 to 03-10-2019
Ingrid KESTELOOT
  • Director, already before 05-06-2008 to 04-12-2018
Nicholas VAN LANDUYT
  • Director, already before 05-06-2008 to 04-12-2018
VA Vlam-N-Vest
  • Director, until 04-12-2018
Bedrijfsrevisoren Buyck, Godefroidt & C°
  • Statutory auditor, from 26-07-2010 to 13-12-2017
BVBA Bedrijfsrevisor Jacky Godefroidt
  • Auditor, from 14-06-2013 to 13-12-2017
See the board, name and seat on a given date →

Articles of association

Purpose
De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door deelname van dezen, Specifieke activiteiten - de…
Full purpose

De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door deelname van dezen, Specifieke activiteiten - de studie, onderzoek, organisatie, uitvoeren en controle zowel voor eigen rekening als voor rekening van derden, van alle toepassingen die bijdragen tot de ontwikkeling, rationalisatie, en vernieuwing van productieprocessen, handels- en verkoopsactiviteiten, alsmede de aankoop, verkoop, vertegenwoordiging, huren en verhuren van alle apparatuur en toestellen met betrekking tot scheikundige, elektrische, elektronische en mechanische toepassingen, die hier rechtstreeks of onrechtstreeks in verband mede staan. De vennootschap kan zich tevens bezighouden met alle vormen van serviceverlening aan de industriële en tertiaire sector en aan de zelfstandigen op het vlak van de organisatie in de ruimst mogelijke zin genomen. In het kader van deze serviceverlening mag de vennootschap optreden als aankoper, verkoper, gemandateerd door derden, in deelneming met derden of door bemiddeling van elke andere natuurlijke of rechtspersonen in België of in het buitenland; - het uitvoeren van bijzondere grondwerken, onder meer boringen, peilingen, uitdiepen, boringen ten behoeve van milieuonderzoek, plaatsen van piëzometers, sonderingen en dergelijke; - het uitvoeren en verzorgen van staalnames ten behoeve van verdere controle en analyse op onder meer volgende gebieden: bodem, grondwater, water en lucht; - het uitvoeren van alle studies, onderzoeken, controles, analyses, staalafnames van bodem, grondwater, water en lucht en dit zowel voor de industriële, landbouw-, tuinbouw- als de tertiaire sector; - de uitbating van één of meer laboratoria voor uitvoering van voormelde controles en de aan- en verkoop, huur en verhuur, plaatsing, onderhoud en herstelling van alle machines en apparatuur die hiermee verband houden; - het verstrekken van adviezen met betrekking tot voormelde studies en controles; - terbeschikkingstelling van ruimten met aanvullende dienstverlening. Algemene activiteiten - het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coördinatie, de ontwikkeling van en de investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt; - het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren, onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan kredietinstellingen; - het verlenen van adviezen van financiële, technische, commerciële of administratieve aard; in de ruimste zin, met uitzondering van adviezen inzake beleggingen en geldplaatsingen; bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van administratie en financiën, verkoop, productie en algemeen bestuur; - het waarnemen van alle bestuursopdrachten en opdrachten van vereffenaars, het uitoefenen van opdrachten en functies; - het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immateriële duurzame activa; - het verlenen van administratieve prestaties en computerservices; - de aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen, in 't kort tussenpersoon in de handel; - het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten, nieuwe vormen van technologie en hun toepassingen; Beheer van eigen roerend en onroerend vermogen - het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen; de aan- en verkoop, huur en verhuur van roerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen, alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen; - het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen.

Structure & network

Part of the group VLAM - N - VEST 13 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. NORMEC 1NL 100%
  2. VLAM - N - VEST 99.97%
  3. Normec Servaco

Highest known parent: NORMEC 1 (Netherlands). The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

3 connected companies
Depth
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
DRANCO
Shared director
→
Normec BTV
Shared director
→

Capital and shareholders

Capital over the years
  1. 15-01-2024 Capital stated in the act · 1,100,000 EUR · 12,420 shares
  2. 29-01-2013 Capital increase of 527,919.97 EUR · 545 new shares · in kind

Public money · subsidies and aid

Flemish government

2022 to 2025 · 4 entries · 30,925 EUR awarded · 30,925 EUR paid
Year Entries awardedpaid
2025 1 10,075 EUR10,075 EUR
2024 1 9,542 EUR9,542 EUR
2023 1 7,711 EUR7,711 EUR
2022 1 3,597 EUR3,597 EUR
Schemes
3 entries · 27,328 EUR · 27,328 EUR paid · Departement Werk en Sociale Economie
1 entry · 3,597 EUR · 3,597 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Recognised contractor

1 category
Normec Servaco NV31775
category G1, class 1
decision 04-06-2024

Legal Entity Identifier

529900F8F6AIFDKL9O83
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 6,999 companies in sector 96999 we hold annual accounts for 603. 88 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded26-01-1973
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
96999Other personal services
43130Specialised construction activities
71113Urban planning and landscape architecture
71121Engineering and related technical consultancy, excluding land surveyors
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID 0208:0412964830
Also 9925:BE0412964830
Registered 02-05-2024

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

General meetings

1 convocation
Ordinary general meeting
at the registered office · published 27-05-2013
Agenda
Lezing van het jaarverslag. Lezing van het verslag van de commissaris. Bespreking en goedkeuring van de jaarrekening afgesloten per 31/12/2012. Kwijting. Herbenoeming commissaris. De raad van bestuur.