S-Services
ActiveSummary
The computed 12-month bankruptcy probability of S-Services is 2.6% (moderate). The 2024 annual accounts show equity of €102k and a net result of €-705. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 64% of 36375 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability68▼-5
Solvency84▲+14
Growth52=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.27 against 1.73 in 2023; short-term debt: 41.2% and cash: 59.3% of total assets), and 41.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
58.8%
Return on assets
-0.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
28 d late
2022
94 d late
2021
88 d late
2020
90 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€102k▼ 0.7%
2023 · €102k
Total assets
€173k▼ 23.5%
2023 · €225k
Net result
€-705
2023 · €7k
Working capital
€90k▲ 0.4%
2023 · €90k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€30k▼ 15.3%€32k▲ 7.5%€28k▼ 14.0%€14k▼ 49.5%€4k▼ 71.1%
Net result€21k▼ 24.4%€22k▲ 3.6%€18k▼ 16.5%€7k▼ 62.4%€-705
Equity€55k▲ 61.9%€77k▲ 39.6%€95k▲ 23.7%€102k▲ 7.2%€102k▼ 0.7%
Total assets€184k▼ 7.6%€475k▲ 158%€159k▼ 66.6%€225k▲ 42.0%€173k▼ 23.5%
Debt€129k▼ 22.0%€398k▲ 210%€63k▼ 84.1%€123k▲ 94.3%€71k▼ 42.4%
Working capital€29k▼ 1.7%€58k▲ 99.3%€78k▲ 33.5%€90k▲ 16.0%€90k▲ 0.4%
Staff (FTE)22.2▲ 10.0%2▼ 9.1%1.8▼ 10.0%2▲ 11.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 71% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €173k
Fixed assets
€11k ▼ 8.9%
Current assets
€162k ▼ 24.3%
Equity and liabilities €173k
Equity
€102k ▼ 0.7%
Debt
€71k ▼ 42.4%
Debt's share of the balance-sheet total falls from 54.7% to 41.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10k▼
2023 · €20k
Cash flow
€5k▼
2023 · €13k
Current ratio
2.27▲
2023 · 1.73
Debt to equity
0.70▼
2023 · 1.21
ROE
-0.7%▼
2023 · 6.7%
ROA
-0.4%▼
2023 · 3.0%
Interest coverage
9.94▼
2023 · 27.70
Debt ≤ 1 year
€71k▼
2023 · €123k
Income taxes
€4k▼
2023 · €6k
Staff costs
€79k▼
2023 · €89k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €68k | €67k | €89k | €79k | ▼ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €8k | €7k | €6k | €6k | ▲ 6.1% |
| Other operating charges640/8 | - | €2k | €4k | €7k | €5k | ▼ 34.1% |
| Gross operating margin9900 | €82k | €110k | €105k | €115k | €94k | ▼ 18.9% |
| Operating profit (loss)9901 | €30k | €32k | €28k | €14k | €4k | ▼ 71.1% |
| Financial income75/76B | - | - | €0 | €99 | €349 | ▲ 251% |
| Recurring financial income75 | €456 | - | €0 | €99 | €349 | ▲ 251% |
| Financial charges65/66B | - | €888 | €2k | €711 | €1k | ▲ 44.1% |
| Recurring financial charges65 | €2k | €888 | €2k | €711 | €1k | ▲ 44.1% |
| Profit (loss) for the period before taxes9903 | €29k | €31k | €26k | €13k | €3k | ▼ 74.8% |
| Income taxes67/77 | €8k | €9k | €8k | €6k | €4k | ▼ 36.7% |
| Profit (loss) for the period9904 | €21k | €22k | €18k | €7k | €-705 | ▼ 110% |
| Profit (loss) for the period to be appropriated9905 | €21k | €22k | €18k | €7k | €-705 | ▼ 110% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €184k | €475k | €159k | €225k | €173k | ▼ 23.5% |
| Fixed assets21/28 | €26k | €19k | €18k | €12k | €11k | ▼ 8.9% |
| Tangible fixed assets22/27 | €23k | €16k | €15k | €9k | €11k | ▲ 18.8% |
| Plant, machinery and equipment23 | - | €16k | €11k | €6k | €2k | ▼ 59.2% |
| Furniture and vehicles24 | - | - | €4k | €3k | €8k | ▲ 173% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €267 | ▼ 91.3% |
| Current assets29/58 | €158k | €456k | €141k | €213k | €162k | ▼ 24.3% |
| Amounts receivable within one year40/41 | €95k | €365k | €51k | €89k | €58k | ▼ 34.4% |
| Trade receivables40 | - | €355k | €32k | €84k | €54k | ▼ 36.2% |
| Other amounts receivable41 | - | €10k | €20k | €4k | €4k | ▲ 0.9% |
| Cash at bank and in hand54/58 | €62k | €87k | €88k | €124k | €102k | ▼ 17.2% |
| Deferred charges and accrued income490/1 | - | €3k | €2k | €1k | €931 | ▼ 7.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €184k | €475k | €159k | €225k | €173k | ▼ 23.5% |
| Equity10/15 | €55k | €77k | €95k | €102k | €102k | ▼ 0.7% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €49k | €71k | €89k | €96k | €95k | ▼ 0.7% |
| Non-distributable reserves130/1 | - | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | €70k | €88k | €95k | €94k | ▼ 0.7% |
| Amounts payable17/49 | €129k | €398k | €63k | €123k | €71k | ▼ 42.4% |
| Amounts payable within one year42/48 | €129k | €398k | €63k | €123k | €71k | ▼ 42.4% |
| Trade debts44 | €97k | €326k | €29k | €93k | €48k | ▼ 47.8% |
| Suppliers440/4 | - | €326k | €29k | €93k | €48k | ▼ 47.8% |
| Taxes, remuneration and social security45 | - | €72k | €34k | €31k | €23k | ▼ 25.8% |
| Taxes450/3 | - | €17k | €17k | €14k | €14k | ▼ 0.3% |
| Remuneration and social security454/9 | - | €55k | €17k | €17k | €9k | ▼ 47.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €22k | €18k | €7k | €-705 | ▼ 110% |
| + Depreciation and write-downs630 | €6k | €8k | €7k | €6k | €6k | ▲ 6.1% |
| Operating cash flow (approximation) | €27k | €30k | €25k | €13k | €5k | ▼ 56.9% |
| Investment in fixed assets (approximation) | - | €-1k | €-6k | €-267 | €-5k | ▼ 1,808% |
| Change in cash | - | €25k | €583 | €36k | €-21k | ▼ 160% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-705
Net result drops to €-705, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Equity above €100kEq €102k ▲7.2%
5 profitable years in a row build equity to €102k.
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 94 days late
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 88 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2018
Ground area
190 m²
Building footprint
119 m²
Volume, LiDAR
526 m³
Parcel 11056B0416/00V000, Flanders · tallest building 10.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
S-Services
since 20182.283.912.708
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11056B0416/00V000 | Flanders | 190 m² | 1 · 119 m² | 10.4 m · 1 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 15,521 companies in sector 43990 we hold annual accounts for 7,414. 6,231 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 (pre-2019)
Founded27-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
81210General cleaning of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
43350Other building finishing work
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.