SERVASSIM
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-05-2024, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
63 d early
2022
31 d late
2021
58 d early
2020
57 d early
2019
28 d late
2018
26 d late
2017
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€285k▲ 11.9%
2022 · €255k
2018: €91k
2019: €82k
2020: €125k
2021: €130k
2022: €255k
2018 → 2023
Working capital
€161k
2022 · €-85k
2018: €-22k
2019: €-35k
2020: €-65k
2021: €-63k
2022: €-85k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€67k-€47k▼ 30.5%€59k▲ 24.9%€76k▲ 30.1%€268k▲ 252%
Operating result€154k-€206k▲ 33.9%€210k▲ 2.0%€378k▲ 80.2%€416k▲ 10.2%
Net result€82k-€125k▲ 51.6%€130k▲ 4.2%€255k▲ 96.1%€285k▲ 11.9%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2023 is 10% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €617k
Fixed assets
€251k ▼ 44.4%
Current assets
€366k ▼ 4.2%
Equity and liabilities €617k
Equity
€268k ▲ 252%
Debt
€349k ▼ 54.0%
Debt's share of the balance-sheet total falls from 90.9% to 56.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€487k▲
2022 · €454k
Cash flow
€356k▲
2022 · €331k
Current ratio
1.79▲
2022 · 0.82
Debt to equity
1.30▼
2022 · 9.96
ROE
106.5%▼
2022 · 335.3%
ROA
46.3%▲
2022 · 30.6%
Interest coverage
34.87▼
2022 · 37.91
Debt ≤ 1 year
€205k▼
2022 · €467k
Debt > 1 year
€139k▼
2022 · €286k
Income taxes
€118k▲
2022 · €113k
Staff costs
€403k▲
2022 · €354k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 58 lines
Balance sheet
Code20222023
Assets
Total assets20/58€834k€617k▼
Fixed assets21/28€452k€251k▼
Intangible fixed assets21€240k€189k▼
Tangible fixed assets22/27€211k€62k▼
Land and buildings22€125k-
Furniture and vehicles24€33k€17k▼
Leasing and similar rights25€14k€10k▼
Other tangible fixed assets26€39k€35k▼
Financial fixed assets28€1k€160▼
Current assets29/58€382k€366k▼
Amounts receivable after more than one year29€2k-
Other amounts receivable291€2k-
Amounts receivable within one year40/41€239k€97k▼
Trade receivables40€11k-
Other amounts receivable41€228k€97k▼
Cash at bank and in hand54/58€38k€196k▲
Deferred charges and accrued income490/1€103k€73k▼
Equity and liabilities
Total equity and liabilities10/49€834k€617k▼
Equity10/15€76k€268k▲
Contributions10/11€45k€45k=
Profit (loss) carried forward14€31k€223k▲
Amounts payable17/49€758k€349k▼
Amounts payable after more than one year17€286k€139k▼
Financial debts170/4€286k€139k▼
Amounts payable within one year42/48€467k€205k▼
Current portion of amounts payable after more than one year42€150k€63k▼
Trade debts44€30k€4k▼
Suppliers440/4€30k€4k▼
Advances received on contracts in progress46€7k-
Taxes, remuneration and social security45€41k€42k▲
Taxes450/3€2k-
Remuneration and social security454/9€40k€42k▲
Other amounts payable47/48€239k€96k▼
Accrued charges and deferred income492/3€5k€5k=
Income statement
Code20222023
Non-recurring operating income76A-€12k
Remuneration, social security and pensions62€354k€403k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€70k▼
Other operating charges640/8€7k€107k▲
Non-recurring operating charges66A€13k€1k▼
Gross operating margin9900€829k€998k▲
Operating profit (loss)9901€378k€416k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€55€4▼
Non-recurring financial income76B€2k€1k▼
Financial charges65/66B€12k€14k▲
Recurring financial charges65€12k€14k▲
Profit (loss) for the period before taxes9903€368k€404k▲
Income taxes67/77€113k€118k▲
Profit (loss) for the period9904€255k€285k▲
Profit (loss) for the period to be appropriated9905€255k€285k▲
Appropriation of the result
Profit (loss) to be appropriated9906€268k€316k▲
Profit (loss) brought forward from the previous period14P€13k€31k▲
Transfer from equity791/2€27k-
Transfer to equity691/2€27k-
To other reserves6921€27k-
Profit to be distributed694/7€238k€93k▼
Return on contributions (dividend)694€238k€93k▼
Social balance
Average headcount (FTE)90875.65.8▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
26-09
State Gazette act
Merger · Share issue
Accounting effect · Net-asset statement
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
23-04
State Gazette act
Merger · Accounting effect
License transfer
2023
31-12
Financial
Highest result since 2018net €285k ▲11.9%
Operating result €416k, net result €285k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.79
Current ratio from 0.82 to 1.79; short-term debt falls from €467k to €205k.
31-12
Financial
Equity above €200kEq €268k ▲252%
6 profitable years in a row build equity to €268k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet €82k ▼9.2%
Net result drops to €82k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
Show earlier events
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
14-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
Acquisitions and mergers
1 transactionTaken over by:Dwelshauvers Assurances