SERVAGRI
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Three 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 31-12-2023, 3 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
31-12-2023 close31-07-2024 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 24-04-2023, 98 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
98 d early
2021
94 d early
2020
75 d early
2019
85 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, unclassified schema
Turnover
€10.74M▲ 14.5%
2021 · €9.38M
2018: €9.45M
2019: €10.99M
2021: €9.38M
2018 → 2022
EBIT margin
10.4%▲ 16.1pp
2021 · -5.7%
2018: 4.8%
2019: 7.4%
2021: -5.7%
2018 → 2022
Net result
€853k
2021 · €-522k
2018: €328k
2019: €570k
2021: €-522k
2018 → 2022
Working capital
€3.39M▲ 45.9%
2021 · €2.32M
2018: €2.41M
2019: €2.99M
2021: €2.32M
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920212022Trend
Turnover€9.45M-€10.99M▲ 16.4%€9.38M▼ 14.7%€10.74M▲ 14.5%
Equity€2.48M-€3.05M▲ 23.0%€2.54M▼ 16.8%€3.39M▲ 33.6%
Operating result€456k-€819k▲ 79.4%€-535k€1.12M
Net result€328k-€570k▲ 74.1%€-522k€853k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €1.12M after a loss of €535k in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €4.77M
Equity
€3.39M▲ 33.6%
Debt
€1.38M▲ 100.0%
The debt ratio rises from 21.3% to 28.9%. Equity and debt are higher.
Key figures and ratios
Solvency
71.1%▼
2021 · 78.7%
Current ratio
3.47▼
2021 · 4.38
Quick ratio
3.33▼
2021 · 4.07
Debt / equity
0.41▲
2021 · 0.27
ROE
25.2%▲
2021 · -20.6%
ROA
17.9%▲
2021 · -16.2%
Debt
€1.38M▲
2021 · €688k
Debt ≤ 1 year
€1.38M▲
2021 · €688k
Income taxes
€293k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€3.22M€4.77M▲
Fixed assets21/28€214k-
Tangible fixed assets22/27€51k-
Land and buildings22€51k-
Plant, machinery and equipment23€0-
Financial fixed assets28€163k-
Affiliated companies280/1€163k-
Amounts receivable281€163k-
Current assets29/58€3.01M€4.77M▲
Stocks and contracts in progress3€215k€192k▼
Stocks30/36€215k€192k▼
Goods purchased for resale34€215k€192k▼
Amounts receivable within one year40/41€2.80M€4.57M▲
Trade receivables40€581k€775k▲
Other amounts receivable41€2.21M€3.80M▲
Equity and liabilities
Total equity and liabilities10/49€3.22M€4.77M▲
Equity10/15€2.54M€3.39M▲
Contributions10/11€120k€120k=
Reserves13€2.42M€3.27M▲
Tax-exempt reserves132€9k€9k=
Distributable reserves133€2.41M€3.26M▲
Amounts payable17/49€688k€1.38M▲
Amounts payable within one year42/48€688k€1.38M▲
Financial debts43€20k€27k▲
Other loans439€20k€27k▲
Trade debts44€628k€1.11M▲
Suppliers440/4€628k€1.11M▲
Taxes, remuneration and social security45€40k€243k▲
Taxes450/3€40k€243k▲
Income statement
Code20212022
Operating income70/76A€9.92M€11.62M▲
Turnover70€9.38M€10.74M▲
Other operating income74€371k€1k▼
Non-recurring operating income76A€175k€874k▲
Operating charges60/66A€10.46M€10.50M▲
Goods for resale, raw materials and consumables60€8.82M€9.56M▲
Purchases600/8€8.77M€9.53M▲
Change in stocks: decrease (increase)609€47k€23k▼
Services and other goods61€1.14M€937k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€36k€-197k▼
Other operating charges640/8€15k€202k▲
Non-recurring operating charges66A€450k-
Operating profit (loss)9901€-535k€1.12M▲
Financial income75/76B€13k€29k▲
Recurring financial income75€13k€29k▲
Income from current assets751€13k€29k▲
Other financial income752/9€54€13▼
Financial charges65/66B€228€794▲
Recurring financial charges65€228€794▲
Debt charges650-€227
Other financial charges652/9€228€567▲
Profit (loss) for the period before taxes9903€-522k€1.15M▲
Income taxes67/77-€293k
Taxes670/3-€293k
Profit (loss) for the period9904€-522k€853k▲
Profit (loss) for the period to be appropriated9905€-522k€853k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-522k€853k▲
Transfer from equity791/2€522k-
From reserves792€522k-
Transfer to equity691/2-€853k
To other reserves6921-€853k
The notes to these accounts (30 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-12
Financial
Back to profitnet €853k
Net result €853k after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Weakest financial yearnet €-522k ▼191%
Net result drops to €-522k, the lowest in the series.
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
20-07
State Gazette act
General meeting · Demerger
Capital increase · Share issue · Patrick Coppieters 't Wallant
26-05
State Gazette act
Demerger · Accounting effect
Share issue · Number of shares
07-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
09-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
23-04
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
07-05
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
2 transactionsReceived a contribution from:Arvesta Belgium
Contributed a business line to:BV ARVESTA BELGIUM