SERVI+
ActiveSummary
SERVI+ has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €357,685 and a net result of €25,810. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 90% of 271 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 4.33 against 3.68 in 2023; short-term debt: 20% and cash: 33.8% of total assets), and 20% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
45 d early
2022
42 d early
2021
36 d early
2020
46 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€942,212
EBIT margin
7.2%
Net result
€25,810▼ 14.4%
2023 · €30,153
Working capital
€297,275▲ 2.1%
2023 · €291,258
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
Line20202021202220232024
Turnover€942,212
Operating result€33,351▲ 208%€47,021▲ 41.0%€67,435▲ 43.4%€30,826▼ 54.3%€26,175▼ 15.1%
Net result€31,465▲ 252%€45,166▲ 43.5%€65,829▲ 45.7%€30,153▼ 54.2%€25,810▼ 14.4%
EBIT margin7.2%
Equity€190,727▲ 19.8%€235,893▲ 23.7%€301,722▲ 27.9%€331,875▲ 10.0%€357,685▲ 7.8%
Total assets€278,280▼ 0.3%€318,013▲ 14.3%€398,971▲ 25.5%€440,610▲ 10.4%€447,021▲ 1.5%
Debt€87,553▼ 27.0%€82,120▼ 6.2%€97,249▲ 18.4%€108,735▲ 11.8%€89,336▼ 17.8%
Working capital€187,398▲ 18.6%€229,065▲ 22.2%€268,437▲ 17.2%€291,258▲ 8.5%€297,275▲ 2.1%
Staff (FTE)19.1▼ 2.6%19.919.6▼ 1.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 15% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €447,021
Fixed assets
€60,410 ▲ 48.7%
Current assets
€386,611 ▼ 3.3%
Equity and liabilities €447,021
Equity
€357,685 ▲ 7.8%
Debt
€89,336 ▼ 17.8%
Debt's share of the balance-sheet total falls from 24.7% to 20.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37,026▼
2023 · €38,472
Cash flow
€36,661▼
2023 · €37,799
Current ratio
4.33▲
2023 · 3.68
Debt to equity
0.25▼
2023 · 0.33
ROE
7.2%▼
2023 · 9.1%
ROA
5.8%▼
2023 · 6.8%
Interest coverage
47.53▲
2023 · 35.62
Debt ≤ 1 year
€89,336▼
2023 · €108,735
Income taxes
€550▲
2023 · €174
Staff costs
€814,571▲
2023 · €756,713
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €942,212 | - | - | - |
| Non-recurring operating income76A | - | €4,708 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €265,573 | - | - | - |
| Remuneration, social security and pensions62 | - | €543,351 | €593,716 | €756,713 | €814,571 | ▲ 7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,318 | €3,186 | €12,747 | €7,646 | €10,851 | ▲ 41.9% |
| Other operating charges640/8 | - | €747 | €2,741 | €772 | €4,246 | ▲ 450% |
| Gross operating margin9900 | €613,148 | €594,305 | €676,639 | €795,957 | €855,843 | ▲ 7.5% |
| Operating profit (loss)9901 | €33,351 | €47,021 | €67,435 | €30,826 | €26,175 | ▼ 15.1% |
| Financial income75/76B | - | - | €57 | €581 | €964 | ▲ 65.9% |
| Recurring financial income75 | €0 | - | €57 | €581 | €964 | ▲ 65.9% |
| Financial charges65/66B | - | €1,794 | €1,601 | €1,080 | €779 | ▼ 27.9% |
| Recurring financial charges65 | €1,799 | €1,794 | €1,601 | €1,080 | €779 | ▼ 27.9% |
| Profit (loss) for the period before taxes9903 | €31,552 | €45,227 | €65,891 | €30,327 | €26,360 | ▼ 13.1% |
| Income taxes67/77 | €87 | €61 | €62 | €174 | €550 | ▲ 216% |
| Profit (loss) for the period9904 | €31,465 | €45,166 | €65,829 | €30,153 | €25,810 | ▼ 14.4% |
| Profit (loss) for the period to be appropriated9905 | €31,465 | €45,166 | €65,829 | €30,153 | €25,810 | ▼ 14.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €278,280 | €318,013 | €398,971 | €440,610 | €447,021 | ▲ 1.5% |
| Fixed assets21/28 | €3,329 | €6,828 | €33,285 | €40,617 | €60,410 | ▲ 48.7% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €3,329 | €6,828 | €33,285 | €40,617 | €60,410 | ▲ 48.7% |
| Plant, machinery and equipment23 | - | €2,309 | €1,732 | €1,155 | €577 | ▼ 50.0% |
| Furniture and vehicles24 | - | €4,519 | €31,553 | €31,820 | €53,419 | ▲ 67.9% |
| Other tangible fixed assets26 | - | - | - | €7,642 | €6,414 | ▼ 16.1% |
| Current assets29/58 | €274,951 | €311,185 | €365,686 | €399,993 | €386,611 | ▼ 3.3% |
| Amounts receivable within one year40/41 | €206,880 | €179,588 | €198,135 | €234,748 | €232,260 | ▼ 1.1% |
| Trade receivables40 | - | €176,588 | €198,135 | €234,748 | €172,330 | ▼ 26.6% |
| Other amounts receivable41 | - | €3,000 | - | - | €59,930 | - |
| Cash at bank and in hand54/58 | €62,611 | €124,593 | €160,545 | €158,239 | €151,074 | ▼ 4.5% |
| Deferred charges and accrued income490/1 | - | €7,004 | €7,006 | €7,006 | €3,277 | ▼ 53.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €278,280 | €318,013 | €398,971 | €440,610 | €447,021 | ▲ 1.5% |
| Equity10/15 | €190,727 | €235,893 | €301,722 | €331,875 | €357,685 | ▲ 7.8% |
| Contributions10/11 | €21,000 | €21,000 | €21,000 | €23,100 | €46,810 | ▲ 103% |
| Capital10 | - | €21,000 | €21,000 | - | - | - |
| Issued capital100 | - | €21,000 | €21,000 | - | - | - |
| Outside capital11 | - | - | - | €23,100 | €46,810 | ▲ 103% |
| Other1109/19 | - | - | - | €23,100 | €46,810 | ▲ 103% |
| Reserves13 | €2,100 | €2,100 | €2,100 | - | €2,100 | - |
| Non-distributable reserves130/1 | - | €2,100 | €2,100 | - | €2,100 | - |
| Legal reserve130 | - | €2,100 | €2,100 | - | €2,100 | - |
| Profit (loss) carried forward14 | €167,627 | €212,793 | €278,622 | €308,775 | €308,775 | = |
| Amounts payable17/49 | €87,553 | €82,120 | €97,249 | €108,735 | €89,336 | ▼ 17.8% |
| Amounts payable within one year42/48 | €87,553 | €82,120 | €97,249 | €108,735 | €89,336 | ▼ 17.8% |
| Financial debts43 | - | €12,315 | €11,194 | - | - | - |
| Credit institutions430/8 | - | €12,315 | €11,194 | - | - | - |
| Trade debts44 | €21,239 | €19,171 | €25,126 | €20,666 | €5,567 | ▼ 73.1% |
| Suppliers440/4 | - | €19,171 | €25,126 | €20,666 | €5,567 | ▼ 73.1% |
| Advances received on contracts in progress46 | - | - | - | €11,951 | - | - |
| Taxes, remuneration and social security45 | - | €50,634 | €60,929 | €76,118 | €83,769 | ▲ 10.1% |
| Taxes450/3 | - | €9,870 | €11,447 | €11,998 | €11,007 | ▼ 8.3% |
| Remuneration and social security454/9 | - | €40,764 | €49,482 | €64,120 | €72,762 | ▲ 13.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,465 | €45,166 | €65,829 | €30,153 | €25,810 | ▼ 14.4% |
| + Depreciation and write-downs630 | €2,318 | €3,186 | €12,747 | €7,646 | €10,851 | ▲ 41.9% |
| Operating cash flow (approximation) | €33,783 | €48,352 | €78,576 | €37,799 | €36,661 | ▼ 3.0% |
| Investment in fixed assets (approximation) | - | -€6,685 | -€39,204 | -€14,978 | -€30,644 | ▼ 105% |
| Change in cash | - | €61,982 | €35,952 | -€2,306 | -€7,165 | ▼ 211% |
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
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €65,829 ▲45.7%
Operating result €67,435, net result €65,829, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €235,893 ▲23.7%
3 profitable years in a row build equity to €235,893.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €8,950
Net result €8,950 after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 17 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 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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Directors · office · real estate
Directors
17 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Awans · 1 establishment unit since 2009
Ground area
6.6 ha
Parcel 62006B0520/00G002, Wallonia. Linked by address, not a title deed.
38
companies at this address
See who is registered here
1 establishment unit
SERVI+
since 20092.177.137.581
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62006B0520/00G002 | Wallonia | 6.6 ha | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 978 companies in sector 38210 we hold annual accounts for 585. 397 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded23-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
38210Materials recovery from waste
52210Service activities incidental to land transportation
81210General cleaning of buildings
Contact
Phone
0475/67.39.50Awans
Scores and ratios are computed by Checked and are not a credit decision.