S-SERVICES
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-08-2024, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
26 d late
2022
7 d early
2021
6 d early
2020
4 d early
2019
52 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 12 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
€694,204
EBIT margin
-1.4%
Net result
€43▼ 99.7%
2022 · €16,669
Working capital
€55,770▼ 0.4%
2022 · €55,983
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
Line20192020202120222023
Turnover€694,204
Operating result-€25,226-€8,972▲ 64.4%-€9,507▼ 6.0%€21,702-€781
Net result-€28,786-€13,257▲ 53.9%-€13,232▲ 0.2%€16,669€43▼ 99.7%
EBIT margin-1.4%
Equity€65,548▼ 30.5%€52,291▼ 20.2%€39,059▼ 25.3%€55,728▲ 42.7%€55,770▲ 0.1%
Total assets€339,760▲ 23.3%€299,104▼ 12.0%€196,203▼ 34.4%€170,325▼ 13.2%€185,499▲ 8.9%
Debt€274,212▲ 51.3%€246,814▼ 10.0%€157,144▼ 36.3%€114,597▼ 27.1%€129,729▲ 13.2%
Working capital€63,401▼ 20.3%€52,291▼ 17.5%€39,059▼ 25.3%€55,983▲ 43.3%€55,770▼ 0.4%
Staff (FTE)9.8▲ 24.1%5.6▼ 42.9%5▼ 10.7%5=4.2▼ 16.0%
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 turns negative in 2023: a loss of €781 after €21,702 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €185,499
Equity
€55,770 ▲ 0.1%
Debt
€129,729 ▲ 13.2%
Debt's share of the balance-sheet total rises from 67.3% to 69.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.43▼
2022 · 1.49
Debt to equity
2.33▲
2022 · 2.06
ROE
0.1%▼
2022 · 29.9%
ROA
0.0%▼
2022 · 9.8%
Debt ≤ 1 year
€129,729▲
2022 · €114,342
Income taxes
€194▼
2022 · €3,230
Staff costs
€181,875▼
2022 · €189,423
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €694,204 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €519,666 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €177,577 | €189,423 | €181,875 | ▼ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,788 | €5,000 | - | - | - | - |
| Other operating charges640/8 | - | - | €8,443 | €614 | €1,385 | ▲ 125% |
| Gross operating margin9900 | €408,787 | €184,524 | €176,513 | €211,740 | €182,479 | ▼ 13.8% |
| Operating profit (loss)9901 | -€25,226 | -€8,972 | -€9,507 | €21,702 | -€781 | ▼ 104% |
| Financial income75/76B | - | - | €0 | €503 | €2,934 | ▲ 483% |
| Recurring financial income75 | €20 | €0 | €0 | €503 | €2,934 | ▲ 483% |
| Financial charges65/66B | - | - | €3,578 | €2,306 | €1,917 | ▼ 16.9% |
| Recurring financial charges65 | €3,579 | €4,139 | €3,578 | €2,306 | €1,917 | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | -€28,786 | -€13,110 | -€13,085 | €19,899 | €236 | ▼ 98.8% |
| Income taxes67/77 | - | €147 | €146 | €3,230 | €194 | ▼ 94.0% |
| Profit (loss) for the period9904 | -€28,786 | -€13,257 | -€13,232 | €16,669 | €43 | ▼ 99.7% |
| Profit (loss) for the period to be appropriated9905 | -€28,786 | -€13,257 | -€13,232 | €16,669 | €43 | ▼ 99.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €339,760 | €299,104 | €196,203 | €170,325 | €185,499 | ▲ 8.9% |
| Fixed assets21/28 | €5,000 | - | - | - | - | - |
| Tangible fixed assets22/27 | €5,000 | - | - | - | - | - |
| Current assets29/58 | €334,760 | €299,104 | €196,203 | €170,325 | €185,499 | ▲ 8.9% |
| Amounts receivable within one year40/41 | €329,611 | €225,239 | €191,324 | €136,750 | €163,349 | ▲ 19.5% |
| Trade receivables40 | - | - | €177,173 | €53,484 | €51,596 | ▼ 3.5% |
| Other amounts receivable41 | - | - | €14,151 | €83,266 | €111,753 | ▲ 34.2% |
| Cash at bank and in hand54/58 | €5,149 | €72,661 | €4,629 | €33,526 | €21,942 | ▼ 34.6% |
| Deferred charges and accrued income490/1 | - | - | €250 | €49 | €208 | ▲ 322% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €339,760 | €299,104 | €196,203 | €170,325 | €185,499 | ▲ 8.9% |
| Equity10/15 | €65,548 | €52,291 | €39,059 | €55,728 | €55,770 | ▲ 0.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €75,733 | €75,733 | €75,733 | €75,733 | €75,733 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €73,873 | €73,873 | €73,873 | = |
| Profit (loss) carried forward14 | -€28,786 | -€42,043 | -€55,275 | -€38,606 | -€38,563 | ▲ 0.1% |
| Amounts payable17/49 | €274,212 | €246,814 | €157,144 | €114,597 | €129,729 | ▲ 13.2% |
| Amounts payable within one year42/48 | €271,358 | €246,814 | €157,144 | €114,342 | €129,729 | ▲ 13.5% |
| Trade debts44 | €123,950 | €73,899 | €109,354 | €84,489 | €98,196 | ▲ 16.2% |
| Suppliers440/4 | - | - | €109,354 | €84,489 | €98,196 | ▲ 16.2% |
| Advances received on contracts in progress46 | - | - | €1,963 | €1,963 | €1,963 | = |
| Taxes, remuneration and social security45 | - | - | €25,827 | €27,890 | €29,570 | ▲ 6.0% |
| Taxes450/3 | - | - | €1,277 | €4,650 | €4,603 | ▼ 1.0% |
| Remuneration and social security454/9 | - | - | €24,550 | €23,241 | €24,967 | ▲ 7.4% |
| Other amounts payable47/48 | - | - | €20,000 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €255 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,786 | -€13,257 | -€13,232 | €16,669 | €43 | ▼ 99.7% |
| + Depreciation and write-downs630 | €11,788 | €5,000 | - | - | - | - |
| Operating cash flow (approximation) | -€16,997 | -€8,257 | -€13,232 | €16,669 | €43 | ▼ 99.7% |
| Change in cash | - | €67,512 | -€68,032 | €28,897 | -€11,583 | ▼ 140% |
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
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €16,669
Net result €16,669 after 3 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
2019
31-12
Financial
Weakest financial yearnet -€28,786
Net result drops to -€28,786, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
03-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
30-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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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Structure & network
Owners and holdings
1 ownerChain of control
- SERIS Security
- SERIS Event Security
- S-SERVICES
Highest known parent: SERIS Security. The sources do not say who stands above it.
Owners 1
-
100%
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
No current directors or connected companies found in the register.