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servan

Active Risk: not assessed
Private limited companyfounded 2006active for 19 yearsNinoofsesteenweg(P) 93, 1670 Pepingen, BelgiumKBO/BCE: BE 0885.709.374

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 22-01-2026 PDF all 18 filings

Equity
€296,156▼ 19.1%
2024 · €366,096
Net result
-€1,009
2024 · €13,727
Total assets
€717,418▼ 2.1%
2024 · €733,076
Solvency
41.3%▼ 8.7pp
2024 · 49.9%
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is 68% lower than in 2024. It is the third fall in a row.

Operating result€0.01m 2025 Net result-€0.001m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€0.1m-€0.03m▼ 69.6%€0.006m▼ 80.7%€0.09m▲ 15×€0.07m▼ 18.5%€0.03m▼ 53.7%€0.01m▼ 68.1%
Net result-€0.2m-€0.007mwithin the sector's middle half-€0.02mbelow the sector's middle half€0.06mwithin the sector's middle half€0.05mwithin the sector's middle half▼ 23.2%€0.01mwithin the sector's middle half▼ 70.9%-€0.001mbelow the sector's middle half
Equity€0.3m-€0.3mwithin the sector's middle half▲ 2.6%€0.3mwithin the sector's middle half▼ 5.7%€0.3mwithin the sector's middle half▲ 21.9%€0.4mwithin the sector's middle half▲ 2.9%€0.4mwithin the sector's middle half▲ 3.9%€0.3mwithin the sector's middle half▼ 19.1%
Total assets€1.0m-€0.9mwithin the sector's middle half▼ 10.3%€0.9mwithin the sector's middle half▼ 7.0%€0.8mwithin the sector's middle half▼ 5.1%€0.8mwithin the sector's middle half▼ 3.0%€0.7mwithin the sector's middle half▼ 7.7%€0.7mwithin the sector's middle half▼ 2.1%
Debt€0.7m-€0.6m▼ 15.3%€0.6m▼ 7.7%€0.5m▼ 18.1%€0.4m▼ 7.2%€0.4m▼ 17.0%€0.4m▲ 14.8%
Working capital-€0.02m-€0.01mwithin the sector's middle half-€0.01mwithin the sector's middle half€0.08mwithin the sector's middle half€0.07mwithin the sector's middle half▼ 8.2%€0.1mwithin the sector's middle half▲ 76.0%€0.05mwithin the sector's middle half▼ 62.5%
Solvency28.1%-32.1%within the sector's middle half▲ 4.0pp32.5%within the sector's middle half▲ 0.5pp41.8%within the sector's middle half▲ 9.3pp44.3%within the sector's middle half▲ 2.5pp49.9%within the sector's middle half▲ 5.6pp41.3%within the sector's middle half▼ 8.7pp
Current ratio0.85-1.11within the sector's middle half▲ 0.250.87within the sector's middle half▼ 0.242.60within the sector's middle half▲ 1.731.64within the sector's middle half▼ 0.972.59within the sector's middle half▲ 0.961.27within the sector's middle half▼ 1.32
Return on assets (ROA)-15.9%-0.8%within the sector's middle half▲ 16.7pp-2.0%below the sector's middle half▼ 2.8pp7.5%within the sector's middle half▲ 9.5pp5.9%within the sector's middle half▼ 1.6pp1.9%within the sector's middle half▼ 4.1pp-0.1%below the sector's middle half▼ 2.0pp
Staff (FTE)0within the sector's middle half
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €717,418
Fixed assets €484,159 ▼ 6.6%
Current assets €233,259 ▲ 8.7%
Equity and liabilities €717,418
Equity €296,156 ▼ 19.1%
Debt €421,262 ▲ 14.8%
Debt's share of the balance-sheet total rises from 50.1% to 58.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
ROE
-0.3%▼
2024 · 3.7%
Debt ≤ 1 year
€183,861▲
2024 · €82,822
Debt > 1 year
€235,564▼
2024 · €259,701
Income taxes
€255▼
2024 · €1,927
Staff costs
€0▼
2024 · €2,503
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item30-06-202230-06-202330-06-202430-06-2025
Tangible fixed assets---€50,491
Depreciation and write-downs of the year€84,888€84,717€83,448€84,869

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as servan: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €580,000 and €900,000, founded between 2005 and 2008.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
servan Pepingen2006€717,418€296,156€101,761-€1,00902025
IMMO ALCA Londerzeel2006€721,200€278,976€106,047€27,99902025
MANAGEMENT A. MEYERS Landen2005€900,355€871,496€94,800€125,92902025
N.C. CONCEPT Izegem2007€862,848€143,097€94,907€15,05602026
MAKOZON Heusden-Zolder2005€579,861€489,191€96,446€80,24602025
ASGARD Heuvelland2008€800,254€768,929€111,989€64,68902025
INTERIEUR Dentergem2008€860,319€191,978€118,562€9,47102025

They were chosen from the 20,095 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines

Source: Annual accounts 2025 (PDF), filed on 22-01-2026.

Balance sheet Code20242025
Assets
Total assets20/58€733,076€717,418▼
Fixed assets21/28€518,537€484,159▼
Tangible fixed assets22/27€492,172€457,794▼
Land and buildings22€486,987€453,941▼
Furniture and vehicles24€5,185€3,853▼
Financial fixed assets28€26,365€26,365=
Current assets29/58€214,538€233,259▲
Amounts receivable after more than one year29€100,000€55,000▼
Other amounts receivable291€100,000€55,000▼
Amounts receivable within one year40/41€105,181€176,593▲
Trade receivables40€26,180€91,802▲
Other amounts receivable41€79,001€84,790▲
Cash at bank and in hand54/58€9,001€1,220▼
Deferred charges and accrued income490/1€356€446▲
Equity and liabilities
Total equity and liabilities10/49€733,076€717,418▼
Equity10/15€366,096€296,156▼
Reserves13€134,741€65,810▼
Distributable reserves133€134,741€65,810▼
Profit (loss) carried forward14€231,355€230,346▼
Amounts payable17/49€366,980€421,262▲
Amounts payable after more than one year17€259,701€235,564▼
Financial debts170/4€259,701€235,564▼
Amounts payable within one year42/48€82,822€183,861▲
Current portion of amounts payable after more than one year42€43,071€48,173▲
Trade debts44€12,620€6,427▼
Suppliers440/4€12,620€6,427▼
Advances received on contracts in progress46-€5,800
Taxes, remuneration and social security45€9,272€24,645▲
Taxes450/3€9,272€24,645▲
Other amounts payable47/48€17,859€98,815▲
Accrued charges and deferred income492/3€24,457€1,837▼
Income statement Code20242025
Non-recurring operating income76A€16,550€0▼
Remuneration, social security and pensions62€2,503€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83,448€84,869▲
Other operating charges640/8€4,736€6,084▲
Gross operating margin9900€124,619€101,761▼
Operating profit (loss)9901€33,932€10,808▼
Financial income75/76B€942€7,598▲
Recurring financial income75€942€7,598▲
Financial charges65/66B€19,221€19,160▼
Recurring financial charges65€19,221€19,160▼
Profit (loss) for the period before taxes9903€15,654-€754▼
Income taxes67/77€1,927€255▼
Profit (loss) for the period9904€13,727-€1,009▼
Profit (loss) for the period to be appropriated9905€13,727-€1,009▼
Appropriation of the result
Profit (loss) to be appropriated9906€245,082€230,346▼
Profit (loss) brought forward from the previous period14P€231,355€231,355=
Transfer from equity791/2-€68,930
Transfer to equity691/2€13,727€0▼
To other reserves6921€13,727€0▼
Profit to be distributed694/7-€68,930
Return on contributions (dividend)694-€68,930
Social balance sheet
Average headcount (FTE)9087-0.0

The notes to these accounts have 18 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2019202020212022202320242025Change
Non-recurring operating income76A---€35,186€12,475€16,550€0▼ 100%
Remuneration, social security and pensions62---€1,040€3,459€2,503€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81,972€82,333€84,694€84,888€84,717€83,448€84,869▲ 1.7%
Other operating charges640/8---€3,946€3,850€4,736€6,084▲ 28.4%
Gross operating margin9900€192,922€120,066€94,665€179,897€165,388€124,619€101,761▼ 18.3%
Operating profit (loss)9901€105,392€32,062€6,179€90,022€73,362€33,932€10,808▼ 68.1%
Financial income75/76B---€0-€942€7,598▲ 706%
Recurring financial income75€5,444€0€0€0-€942€7,598▲ 706%
Financial charges65/66B---€21,837€20,820€19,221€19,160▼ 0.3%
Recurring financial charges65€24,921€23,255€22,438€21,837€20,820€19,221€19,160▼ 0.3%
Profit (loss) for the period before taxes9903-€164,085€8,807-€16,259€68,186€52,542€15,654-€754-
Income taxes67/77€303€1,368€583€6,694€5,301€1,927€255▼ 86.8%
Profit (loss) for the period9904-€164,388€7,439-€16,842€61,492€47,240€13,727-€1,009-
Profit (loss) for the period to be appropriated9905-€164,388€7,439-€16,842€61,492€47,240€13,727-€1,009-
Line2019202020212022202320242025Change
Assets
Total assets20/58€1.0m€0.9m€0.9m€0.8m€0.8m€0.7m€0.7m▼ 2.1%
Fixed assets21/28€0.9m€0.8m€0.8m€0.7m€0.6m€0.5m€0.5m▼ 6.6%
Tangible fixed assets22/27€0.9m€0.8m€0.7m€0.7m€0.6m€0.5m€0.5m▼ 7.0%
Land and buildings22---€0.7m€0.6m€0.5m€0.5m▼ 6.8%
Furniture and vehicles24---€0.008m€0.007m€0.005m€0.004m▼ 25.7%
Other tangible fixed assets26---€0.001m----
Financial fixed assets28€0.03m€0.03m€0.03m€0.03m€0.03m€0.03m€0.03m=
Current assets29/58€0.1m€0.1m€0.09m€0.1m€0.2m€0.2m€0.2m▲ 8.7%
Amounts receivable after more than one year29----€0.1m€0.1m€0.06m▼ 45.0%
Other amounts receivable291----€0.1m€0.1m€0.06m▼ 45.0%
Amounts receivable within one year40/41€0.1m€0.09m€0.09m€0.1m€0.08m€0.1m€0.2m▲ 67.9%
Trade receivables40---€0.02m€0.01m€0.03m€0.09m▲ 251%
Other amounts receivable41---€0.1m€0.07m€0.08m€0.08m▲ 7.3%
Cash at bank and in hand54/58€0.001m€0.003m€0.002m€0.002m€0.006m€0.009m€0.001m▼ 86.4%
Deferred charges and accrued income490/1---€0.002m€0.004m€356€446▲ 25.3%
Equity and liabilities
Total equity and liabilities10/49€1.0m€0.9m€0.9m€0.8m€0.8m€0.7m€0.7m▼ 2.1%
Equity10/15€0.3m€0.3m€0.3m€0.3m€0.4m€0.4m€0.3m▼ 19.1%
Contributions10/11€0.02m€0.02m-€0.02m----
Reserves13€0.02m€0.03m€0.03m€0.09m€0.1m€0.1m€0.07m▼ 51.2%
Non-distributable reserves130/1---€0.002m----
Reserves not available under the articles1311---€0.002m----
Distributable reserves133---€0.09m€0.1m€0.1m€0.07m▼ 51.2%
Profit (loss) carried forward14€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m▼ 0.4%
Amounts payable17/49€0.7m€0.6m€0.6m€0.5m€0.4m€0.4m€0.4m▲ 14.8%
Amounts payable after more than one year17€0.4m€0.4m€0.4m€0.3m€0.3m€0.3m€0.2m▼ 9.3%
Financial debts170/4---€0.3m€0.3m€0.3m€0.2m▼ 9.3%
Amounts payable within one year42/48€0.2m€0.09m€0.1m€0.05m€0.1m€0.08m€0.2m▲ 122%
Current portion of amounts payable after more than one year42---€0.04m€0.04m€0.04m€0.05m▲ 11.8%
Trade debts44€0.007m€0.006m€0.03m€0.003m€0.004m€0.01m€0.006m▼ 49.1%
Suppliers440/4---€0.003m€0.004m€0.01m€0.006m▼ 49.1%
Advances received on contracts in progress46------€0.006m-
Taxes, remuneration and social security45---€0.009m€0.01m€0.009m€0.02m▲ 166%
Taxes450/3---€0.009m€0.01m€0.009m€0.02m▲ 166%
Other amounts payable47/48----€0.06m€0.02m€0.1m▲ 453%
Accrued charges and deferred income492/3---€0.08m€0.02m€0.02m€0.002m▼ 92.5%
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€164,388€7,439-€16,842€61,492€47,240€13,727-€1,009-
+ Depreciation and write-downs630€81,972€82,333€84,694€84,888€84,717€83,448€84,869▲ 1.7%
Operating cash flow (approximation)-€82,416€89,771€67,852€146,380€131,957€97,175€83,860▼ 13.7%
Investment in fixed assets (approximation)--€8,635-€24,605-€1,330€0€0-€50,491-
Change in cash-€1,797-€501-€195€4,530€2,618-€7,782-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 18 filings with the National Bank
Financial year Type Filed Reference Document
30-06-2025 abbreviated format 22-01-2026 2026-00011521 PDF
30-06-2024 abbreviated format 29-01-2025 2025-00017124 PDF
30-06-2023 abbreviated format 30-01-2024 2024-00018961 PDF
30-06-2022 abbreviated format 26-01-2023 2023-00009971 PDF
30-06-2021 abbreviated format 24-01-2022 2022-01500549 PDF
30-06-2020 abbreviated format 28-01-2021 2021-02400170 PDF
30-06-2019 abbreviated format 21-01-2020 2020-01900251 PDF
30-06-2018 abbreviated format 25-01-2019 2019-02500445 PDF
30-06-2017 abbreviated format 31-01-2018 2018-04000508 PDF
30-06-2016 abbreviated format 23-12-2016 2016-71300465 PDF

Show all 18 filings

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