SERVAN
ActiveFrom the official registers: KBO 31 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
SERVAN has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €673,879 and a net result of -€13,241. Equity has been stable since 2018 (±1% per year). Its solvency ranks better than 70% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 12-09-1990 Normal situation
- Legal form
- Public limited company
- Registered office
- Statiestraat 65, 3200 Aarschot
- Activity
- Renting and operating of own or leased residential real estate, excluding social housing NACE 68201
- Establishment unit
- 2.049.700.070 3200 Aarschot, since 03-10-1990
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
- Maria Josepha SerneelsManaging director
- An Van den EndeDirector · since 28-10-2015
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €105,619
- ▲ 42.6%
- Turnover
- ≈ €160,000
- estimated
- Loss
- €13,241
- ▼ 33.1%
- Equity
- €673,879
- ▼ 1.9%
- Total assets
- €1.2m
- ▲ 5.1%
Score breakdownraises riskLast filed accounts filed 24 days late; 1 of the last 3 accounts lateLiquidity: current ratio 0.80, cash €25,479lowers riskSize: total assets €1.2mFounded in 1990Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 68% of them on solvency, 34% on liquidity, 54% on profitability and 39% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 45 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 24 days after the deadline Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00415990.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 24-08-2026
- Format
- abbreviated format
- Reference
- 2026-00415990
2021 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result for 2025 is a loss of €5,123, smaller than the loss of €13,677 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 8,617 companies had the same profile as SERVAN has now. Two years later, 0.4% had gone bankrupt and 94.2% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SERVAN itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for SERVAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,532 | €31,506 | €34,330 | €40,936 | €52,962 | €61,541 | €72,286 | ▲ 17.5% |
| Other operating charges640/8 | - | - | €17,816 | €22,211 | €34,046 | €26,176 | €38,456 | ▲ 46.9% |
| Non-recurring operating charges66A | - | - | €0 | - | - | - | - | - |
| Gross operating margin9900 | €89,962 | €36,735 | €62,718 | €61,285 | €96,506 | €74,040 | €105,619 | ▲ 42.6% |
| Operating profit (loss)9901 | €36,809 | -€22,068 | €10,572 | -€1,862 | €9,498 | -€13,677 | -€5,123 | ▲ 62.5% |
| Financial income75/76B | - | - | €0 | €12 | €9 | €0 | - | - |
| Recurring financial income75 | €2,023 | €321 | €0 | €12 | €9 | €0 | - | - |
| Financial charges65/66B | - | - | €3,325 | €3,118 | €2,268 | €5,754 | €7,748 | ▲ 34.6% |
| Recurring financial charges65 | €3,482 | €4,932 | €3,325 | €3,118 | €2,268 | €5,754 | €7,748 | ▲ 34.6% |
| Profit (loss) for the period before taxes9903 | €35,350 | -€26,679 | €7,247 | -€4,968 | €7,239 | -€19,431 | -€12,871 | ▲ 33.8% |
| Income taxes67/77 | €7,207 | -€8,725 | €531 | €324 | €350 | €357 | €370 | ▲ 3.6% |
| Profit (loss) for the period9904 | €28,143 | -€17,954 | €6,716 | -€5,293 | €6,890 | -€19,788 | -€13,241 | ▲ 33.1% |
| Profit (loss) for the period to be appropriated9905 | €28,143 | -€17,954 | €6,716 | -€5,293 | €6,890 | -€19,788 | -€13,241 | ▲ 33.1% |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.0m | €0.9m | €0.9m | €1.0m | €1.0m | €1.1m | €1.2m | ▲ 5.1% |
| Fixed assets21/28 | €0.6m | €0.7m | €0.7m | €0.7m | €0.8m | €0.9m | €0.9m | ▲ 7.0% |
| Intangible fixed assets21 | - | €0.01m | €0.01m | €0.009m | €0.008m | €0.006m | €0.005m | ▼ 19.2% |
| Tangible fixed assets22/27 | €0.5m | €0.6m | €0.6m | €0.6m | €0.7m | €0.8m | €0.8m | ▲ 8.1% |
| Land and buildings22 | - | - | €0.6m | €0.6m | €0.6m | €0.8m | €0.8m | ▲ 8.2% |
| Plant, machinery and equipment23 | - | - | €0.008m | €0.006m | €0.004m | €0.002m | €0.002m | ▼ 17.6% |
| Financial fixed assets28 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Current assets29/58 | €0.4m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 0.7% |
| Amounts receivable within one year40/41 | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 7.3% |
| Trade receivables40 | - | - | €0.04m | €0.04m | €0.03m | €0.04m | €0.01m | ▼ 70.3% |
| Other amounts receivable41 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 3.0% |
| Current investments50/53 | €0.001m | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.09m | €0.01m | €0.009m | €0.03m | €0.01m | €0.01m | €0.03m | ▲ 143% |
| Deferred charges and accrued income490/1 | - | - | €0.002m | €0 | - | €395 | €0.003m | ▲ 634% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.0m | €0.9m | €0.9m | €1.0m | €1.0m | €1.1m | €1.2m | ▲ 5.1% |
| Equity10/15 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | ▼ 1.9% |
| Contributions10/11 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Contributions outside capital11 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Share premium1100/10 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 4.3% |
| Non-distributable reserves130/1 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 4.7% |
| Profit (loss) carried forward14 | €0.05m | €0.008m | €0.01m | €0.009m | €0.02m | -€0.004m | €0 | - |
| Amounts payable17/49 | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | €0.5m | €0.5m | ▲ 15.7% |
| Amounts payable after more than one year17 | €0.2m | €0.1m | €0.1m | €0.1m | €0.07m | €0.1m | €0.2m | ▲ 44.7% |
| Financial debts170/4 | - | - | €0.1m | €0.1m | €0.07m | €0.1m | €0.2m | ▲ 45.7% |
| Other amounts payable178/9 | - | - | €0.001m | €0.001m | €0.001m | €0.003m | €0.003m | = |
| Amounts payable within one year42/48 | €0.09m | €0.09m | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 4.4% |
| Current portion of amounts payable after more than one year42 | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.04m | ▲ 33.0% |
| Trade debts44 | €0.01m | €0.03m | €0.01m | €221 | €0.009m | €0.02m | €0.03m | ▲ 42.8% |
| Suppliers440/4 | - | - | €0.01m | €221 | €0.009m | €0.02m | €0.03m | ▲ 42.8% |
| Taxes, remuneration and social security45 | - | - | €0.003m | €0.004m | €0.007m | €0.01m | €0.009m | ▼ 36.0% |
| Taxes450/3 | - | - | €0.003m | €0.004m | €0.007m | €0.01m | €0.009m | ▼ 36.0% |
| Other amounts payable47/48 | - | - | €0.07m | €0.2m | €0.2m | €0.3m | €0.3m | = |
| Accrued charges and deferred income492/3 | - | - | €0.001m | €122 | €128 | €0 | - | - |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,143 | -€17,954 | €6,716 | -€5,293 | €6,890 | -€19,788 | -€13,241 | ▲ 33.1% |
| + Depreciation and write-downs630 | €43,532 | €31,506 | €34,330 | €40,936 | €52,962 | €61,541 | €72,286 | ▲ 17.5% |
| Operating cash flow (approximation) | €71,675 | €13,551 | €41,046 | €35,644 | €59,852 | €41,753 | €59,045 | ▲ 41.4% |
| Investment in fixed assets (approximation) | - | - | €0 | -€67,728 | -€96,204 | -€170,191 | -€132,892 | ▲ 21.9% |
| Change in cash | - | - | -€1,637 | €15,837 | -€11,355 | -€3,324 | €15,008 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-08-2026 | 2026-00415990 | NBB |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00432499 | |
| 31-12-2023 | micro format | 25-10-2024 | 2024-00514696 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00354058 | |
| 31-12-2021 | micro format | 24-11-2022 | 2022-20526501 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64500455 | |
| 31-12-2018 | micro format | 02-08-2019 | 2019-43100009 | |
| 31-12-2017 | micro format | 26-09-2018 | 2018-65200297 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-52700536 | |
| 31-12-2014 | abbreviated format | 25-08-2015 | 2015-47800370 |
Comparable companies
These companies have the same main activity as SERVAN: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €1m and €1.4m, founded between 1985 and 1992.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| SERVAN Aarschot | 1990 | €1.2m | €0.7m | €0.1m | -€0.01m | 2025 |
| IMMO XYZ Zoutleeuw | 1991 | €1.0m | €0.3m | €0.1m | €0.01m | 2025 |
| ART CONSTRUCTIONS RIGAUX Overijse | 1992 | €1.4m | €0.6m | €0.1m | €0.01m | 2025 |
| ELECTRICITY MECHANICS PNEUMATICS Overijse | 1985 | €1.3m | €0.1m | €0.09m | -€0.02m | 2025 |
| CO - INVEST Stekene | 1989 | €1.3m | €0.8m | €0.1m | €0.02m | 2025 |
| GARAGE FRANCE NORD Gembloux | 1988 | €1.3m | €0.7m | €0.1m | €0.007m | 2025 |
| SOGESDE Visé | 1987 | €1.2m | €1.1m | €0.1m | €0.04m | 2025 |
They were chosen from the 7,230 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Day-to-day management 1
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| An Van den Ende |
|
| Maria Josepha Serneels |
|
Owners and capital
Owners
Group and network
Connections & network
2 current directorsThe network starts from the directors of SERVAN. Every other company they run is a node.
History
Acts, filings and financial milestones
02-06
Gazette deed
Reappointments: Maria Josepha Serneels (director) and An Van den Ende (director)Registered-office move7 points ▸
- General meeting, 27-10-2021
- Director reappointment, Maria Josepha Serneels (director)
- Director reappointment, An Van den Ende (director)
- Board meeting, 27-10-2021
- Director reappointment, Maria Josepha Serneels (managing director)
- Board meeting, 08-03-2022
- Registered-office move, Statiestraat 65, 3200 Aarschot
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24662F0043/00A012 | Flanders | 168 m² | 1 · 187 m² | 16.4 m · 4 |