SERVICE , ADMINISTRATION & LAND
abbreviatedSERVALInactiveInactive; last annual accounts for fiscal year 2025.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€13,692
neutral · Latest accounts filed on time
The financial year that closed on 28-08-2025 was due by 28-03-2026 and was filed on 26-09-2025, 183 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
183 d early
2024
129 d early
2023
28 d late
2022
25 d late
2021
88 d late
2020
186 d late
2019
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 11 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 2025, micro schema
Equity
-€13,692▼ 101%
2024 · -€6,828
Total assets
€7,106▼ 69.5%
2024 · €23,321
Net result
-€6,864▲ 64.6%
2024 · -€19,411
Working capital
-€13,692▼ 98.7%
2024 · -€6,889
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
Line20212022202320242025
Operating result€16,068▲ 7,336%-€29,868-€34,531▼ 15.6%-€18,005▲ 47.9%-€6,755▲ 62.5%
Net result€12,199▲ 488%-€34,385-€35,339▼ 2.8%-€19,411▲ 45.1%-€6,864▲ 64.6%
Equity€82,306▲ 17.4%€47,921▼ 41.8%€12,583▼ 73.7%-€6,828-€13,692▼ 101%
Total assets€105,788▲ 26.9%€104,772▼ 1.0%€29,615▼ 71.7%€23,321▼ 21.3%€7,106▼ 69.5%
Debt€23,482▲ 77.5%€56,851▲ 142%€17,032▼ 70.0%€30,149▲ 77.0%€20,798▼ 31.0%
Working capital€81,074▲ 15.7%€47,156▼ 41.8%€12,284▼ 74.0%-€6,889-€13,692▼ 98.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,755 in 2025 against €18,005 in 2024; the loss shrinks.
Key figures and ratios
Solvency
-192.7%▼
2024 · -29.3%
Current ratio
0.34▼
2024 · 0.77
Debt to equity
-1.52▲
2024 · -4.42
ROA
-96.6%▼
2024 · -83.2%
Debt ≤ 1 year
€20,798▼
2024 · €30,149
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €229 | €467 | €467 | €238 | - | - |
| Other operating charges640/8 | €2,154 | €2,364 | €907 | - | €50 | - |
| Gross operating margin9900 | €18,450 | -€27,037 | -€33,157 | -€17,767 | -€6,705 | ▲ 62.3% |
| Operating profit (loss)9901 | €16,068 | -€29,868 | -€34,531 | -€18,005 | -€6,755 | ▲ 62.5% |
| Financial income75/76B | €3,344 | €3,290 | €755 | €1 | - | - |
| Recurring financial income75 | €3,344 | €3,290 | €755 | €1 | - | - |
| Financial charges65/66B | €1,010 | €7,487 | €1,486 | €1,313 | €109 | ▼ 91.7% |
| Recurring financial charges65 | €414 | €398 | €838 | €1,313 | €109 | ▼ 91.7% |
| Non-recurring financial charges66B | €595 | €7,089 | €648 | - | - | - |
| Profit (loss) for the period before taxes9903 | €18,401 | -€34,066 | -€35,262 | -€19,317 | -€6,864 | ▲ 64.5% |
| Income taxes67/77 | €6,202 | €319 | €76 | €94 | - | - |
| Profit (loss) for the period9904 | €12,199 | -€34,385 | -€35,339 | -€19,411 | -€6,864 | ▲ 64.6% |
| Profit (loss) for the period to be appropriated9905 | €12,199 | -€34,385 | -€35,339 | -€19,411 | -€6,864 | ▲ 64.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,788 | €104,772 | €29,615 | €23,321 | €7,106 | ▼ 69.5% |
| Fixed assets21/28 | €1,233 | €766 | €299 | €61 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1,171 | €704 | €238 | €0 | €0 | - |
| Plant, machinery and equipment23 | - | - | - | - | €0 | - |
| Furniture and vehicles24 | €1,171 | €704 | €238 | €0 | €0 | - |
| Financial fixed assets28 | €61 | €61 | €61 | €61 | €0 | ▼ 100% |
| Current assets29/58 | €104,556 | €104,006 | €29,316 | €23,259 | €7,106 | ▼ 69.5% |
| Amounts receivable within one year40/41 | €94,231 | €93,599 | €28,970 | €23,259 | €1,051 | ▼ 95.5% |
| Trade receivables40 | €2,603 | €21,833 | €16,492 | €18,988 | - | - |
| Other amounts receivable41 | €91,629 | €71,766 | €12,477 | €4,271 | €1,051 | ▼ 75.4% |
| Current investments50/53 | €0 | - | €0 | - | - | - |
| Cash at bank and in hand54/58 | €9,349 | €0 | €346 | €0 | €6,054 | ▲ 5,045,300% |
| Deferred charges and accrued income490/1 | €975 | €10,407 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,788 | €104,772 | €29,615 | €23,321 | €7,106 | ▼ 69.5% |
| Equity10/15 | €82,306 | €47,921 | €12,583 | -€6,828 | -€13,692 | ▼ 101% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | €6,200 | - | - | - |
| Issued capital100 | €18,550 | €18,550 | €18,550 | - | - | - |
| Uncalled capital101 | €12,350 | €12,350 | €12,350 | - | - | - |
| Reserves13 | €51,855 | €51,855 | €51,855 | €51,855 | €51,855 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Legal reserve130 | €1,855 | €1,855 | €1,855 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | = |
| Distributable reserves133 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | €24,251 | -€10,134 | -€45,472 | -€64,883 | -€71,747 | ▼ 10.6% |
| Amounts payable17/49 | €23,482 | €56,851 | €17,032 | €30,149 | €20,798 | ▼ 31.0% |
| Amounts payable within one year42/48 | €23,482 | €56,851 | €17,032 | €30,149 | €20,798 | ▼ 31.0% |
| Financial debts43 | - | €4,998 | - | €5,190 | - | - |
| Credit institutions430/8 | - | €4,998 | - | €5,190 | - | - |
| Trade debts44 | €14,095 | €38,433 | €14,409 | €16,891 | - | - |
| Suppliers440/4 | €14,095 | €38,433 | €14,409 | €16,891 | - | - |
| Taxes, remuneration and social security45 | €9,387 | €13,419 | €2,623 | - | - | - |
| Taxes450/3 | €7,042 | €1,609 | €2,623 | - | - | - |
| Remuneration and social security454/9 | €2,345 | €11,811 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €8,069 | €20,798 | ▲ 158% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,199 | -€34,385 | -€35,339 | -€19,411 | -€6,864 | ▲ 64.6% |
| + Depreciation and write-downs630 | €229 | €467 | €467 | €238 | - | - |
| Operating cash flow (approximation) | €12,428 | -€33,918 | -€34,872 | -€19,173 | -€6,864 | ▲ 64.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €61 | - |
| Change in cash | - | -€9,349 | €346 | -€346 | €6,054 | ▲ 1,851% |
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
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
25-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet -€35,339
Net result drops to -€35,339, the lowest in the series.
25-10
State Gazette act
Board meeting · Director resignation
Permanent representative · Director appointment
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 88 days late
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 186 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 6.29
Current ratio from 2.20 to 6.29; short-term debt falls from €56,783 to €13,230.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
31-12
Financial
Highest result since 2018net €25,416 ▲18.6%
Net result €25,416, the highest in the series.
Show earlier events
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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