SERVI DIRECT
ActiveSummary
SERVI DIRECT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €829,567 and a net result of €89,954. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 50% of 1886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-11
Solvency65=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.78 in 2024; short-term debt: 24.3% and cash: 24.6% of total assets), and 59.9% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.1%
Return on assets
4.3%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
24 d early
2023
61 d late
2022
27 d early
2021
26 d early
2020
16 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 7 July (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€89,954▼ 69.8%
2024 · €297,711
Working capital
€236,520▼ 33.7%
2024 · €356,806
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€204,172▼ 35.3%€349,166▲ 71.0%€504,564▲ 44.5%€501,551▼ 0.6%€156,434▼ 68.8%
Net result€120,450within the sector's middle half▼ 38.2%€189,069within the sector's middle half▲ 57.0%€349,152above the sector's middle half▲ 84.7%€297,711above the sector's middle half▼ 14.7%€89,954within the sector's middle half▼ 69.8%
Equity€539,317within the sector's middle half▲ 28.8%€699,815within the sector's middle half▲ 29.8%€938,402within the sector's middle half▲ 34.1%€889,613within the sector's middle half▼ 5.2%€829,567above the sector's middle half▼ 6.7%
Total assets€1.1mwithin the sector's middle half▲ 34.5%€1.3mwithin the sector's middle half▲ 19.5%€2.2mwithin the sector's middle half▲ 65.9%€2.2mwithin the sector's middle half▲ 1.8%€2.1mabove the sector's middle half▼ 7.1%
Debt€564,335▲ 40.6%€619,107▲ 9.7%€1.2m▲ 102%€1.3m▲ 7.1%€1.2m▼ 7.3%
Working capital€320,559within the sector's middle half▲ 53.1%€359,218within the sector's middle half▲ 12.1%€580,839within the sector's middle half▲ 61.7%€356,806within the sector's middle half▼ 38.6%€236,520within the sector's middle half▼ 33.7%
Solvency48.9%within the sector's middle half▼ 2.2pp53.1%within the sector's middle half▲ 4.2pp42.9%within the sector's middle half▼ 10.2pp39.9%within the sector's middle half▼ 3.0pp40.1%within the sector's middle half▲ 0.1pp
Current ratio2.29above the sector's middle half▲ 0.522.12above the sector's middle half▼ 0.172.37above the sector's middle half▲ 0.251.78within the sector's middle half▼ 0.591.47within the sector's middle half▼ 0.31
Return on assets (ROA)10.9%above the sector's middle half▼ 12.9pp14.3%above the sector's middle half▲ 3.4pp16.0%above the sector's middle half▲ 1.6pp13.4%above the sector's middle half▼ 2.6pp4.3%within the sector's middle half▼ 9.0pp
Staff (FTE)3.1below the sector's middle half▲ 47.6%4.9below the sector's middle half▲ 58.1%6.5below the sector's middle half▲ 32.7%5.9below the sector's middle half▼ 9.2%4.7within the sector's middle half▼ 20.3%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -70% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 69% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€1.3m ▼ 5.8%
Current assets
€740,284 ▼ 9.3%
Equity and liabilities €2.1m
Equity
€829,567 ▼ 6.7%
Debt
€1.2m ▼ 7.3%
Debt's share of the balance-sheet total falls from 60.1% to 59.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€445,302▼
2024 · €791,241
Cash flow
€378,822▼
2024 · €587,400
Debt to equity
1.50▼
2024 · 1.50
ROE
10.8%▼
2024 · 33.5%
Interest coverage
12.96▲
2024 · 7.27
Debt ≤ 1 year
€503,764▲
2024 · €459,285
Debt > 1 year
€736,941▼
2024 · €878,737
Income taxes
€32,114▼
2024 · €95,021
Staff costs
€380,958▼
2024 · €446,534
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €161,807 | €319,251 | €462,216 | €446,534 | €380,958 | ▼ 14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €97,716 | €156,041 | €228,744 | €289,690 | €288,868 | ▼ 0.3% |
| Other operating charges640/8 | €4,897 | €5,552 | €14,330 | €6,729 | €6,252 | ▼ 7.1% |
| Gross operating margin9900 | €468,592 | €830,010 | €1.2m | €1.2m | €832,513 | ▼ 33.1% |
| Operating profit (loss)9901 | €204,172 | €349,166 | €504,564 | €501,551 | €156,434 | ▼ 68.8% |
| Financial income75/76B | €425 | €3 | €230 | €28 | €1 | ▼ 97.8% |
| Recurring financial income75 | €425 | €3 | €230 | €28 | €1 | ▼ 97.8% |
| Financial charges65/66B | €48,414 | €90,865 | €27,111 | €108,847 | €34,367 | ▼ 68.4% |
| Recurring financial charges65 | €48,414 | €90,865 | €27,111 | €108,847 | €34,367 | ▼ 68.4% |
| Profit (loss) for the period before taxes9903 | €156,183 | €258,305 | €477,682 | €392,732 | €122,068 | ▼ 68.9% |
| Income taxes67/77 | €35,733 | €69,235 | €128,530 | €95,021 | €32,114 | ▼ 66.2% |
| Profit (loss) for the period9904 | €120,450 | €189,069 | €349,152 | €297,711 | €89,954 | ▼ 69.8% |
| Profit (loss) for the period to be appropriated9905 | €120,450 | €189,069 | €349,152 | €297,711 | €89,954 | ▼ 69.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.3m | €2.2m | €2.2m | €2.1m | ▼ 7.1% |
| Fixed assets21/28 | €535,527 | €639,824 | €1.2m | €1.4m | €1.3m | ▼ 5.8% |
| Tangible fixed assets22/27 | €534,433 | €638,730 | €1.2m | €1.4m | €1.3m | ▼ 6.1% |
| Land and buildings22 | €164,160 | €164,160 | €283,688 | €542,533 | €671,114 | ▲ 23.7% |
| Plant, machinery and equipment23 | €58,127 | €55,681 | €183,605 | €270,352 | €221,116 | ▼ 18.2% |
| Furniture and vehicles24 | €312,146 | €350,889 | €713,996 | €597,564 | €431,663 | ▼ 27.8% |
| Leasing and similar rights25 | €0 | - | - | - | - | - |
| Assets under construction and advance payments27 | - | €68,000 | €0 | - | - | - |
| Financial fixed assets28 | €1,094 | €1,094 | €1,094 | €1,094 | €6,094 | ▲ 457% |
| Current assets29/58 | €568,125 | €679,098 | €1.0m | €816,092 | €740,284 | ▼ 9.3% |
| Amounts receivable within one year40/41 | €127,116 | €183,666 | €220,321 | €145,655 | €208,601 | ▲ 43.2% |
| Trade receivables40 | €120,683 | €182,901 | €220,321 | €145,655 | €170,716 | ▲ 17.2% |
| Other amounts receivable41 | €6,433 | €765 | €0 | - | €37,885 | - |
| Cash at bank and in hand54/58 | €426,306 | €493,992 | €783,247 | €626,993 | €509,095 | ▼ 18.8% |
| Deferred charges and accrued income490/1 | €14,703 | €1,440 | €1,546 | €43,443 | €22,588 | ▼ 48.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.3m | €2.2m | €2.2m | €2.1m | ▼ 7.1% |
| Equity10/15 | €539,317 | €699,815 | €938,402 | €889,613 | €829,567 | ▼ 6.7% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €455,843 | €605,843 | €822,843 | €772,843 | €707,843 | ▼ 8.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €453,983 | €603,983 | €820,983 | €770,983 | €705,983 | ▼ 8.4% |
| Profit (loss) carried forward14 | €71,074 | €81,572 | €103,159 | €104,369 | €109,323 | ▲ 4.7% |
| Amounts payable17/49 | €564,335 | €619,107 | €1.2m | €1.3m | €1.2m | ▼ 7.3% |
| Amounts payable after more than one year17 | €316,769 | €299,226 | €824,820 | €878,737 | €736,941 | ▼ 16.1% |
| Financial debts170/4 | €316,769 | €299,226 | €824,820 | €878,737 | €736,941 | ▼ 16.1% |
| Amounts payable within one year42/48 | €247,566 | €319,880 | €424,275 | €459,285 | €503,764 | ▲ 9.7% |
| Current portion of amounts payable after more than one year42 | €112,636 | €156,974 | €199,105 | €221,330 | €219,791 | ▼ 0.7% |
| Trade debts44 | €50,252 | €51,710 | €81,107 | €21,011 | €128,778 | ▲ 513% |
| Suppliers440/4 | €50,252 | €51,710 | €81,107 | €21,011 | €128,778 | ▲ 513% |
| Taxes, remuneration and social security45 | €84,678 | €110,454 | €143,862 | €216,268 | €125,842 | ▼ 41.8% |
| Taxes450/3 | €73,873 | €73,626 | €91,182 | €168,847 | €82,639 | ▼ 51.1% |
| Remuneration and social security454/9 | €10,805 | €36,827 | €52,680 | €47,422 | €43,202 | ▼ 8.9% |
| Other amounts payable47/48 | €0 | €743 | €200 | €677 | €29,354 | ▲ 4,239% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €120,450 | €189,069 | €349,152 | €297,711 | €89,954 | ▼ 69.8% |
| + Depreciation and write-downs630 | €97,716 | €156,041 | €228,744 | €289,690 | €288,868 | ▼ 0.3% |
| Operating cash flow (approximation) | €218,166 | €345,111 | €577,896 | €587,400 | €378,822 | ▼ 35.5% |
| Investment in fixed assets (approximation) | - | -€260,338 | -€771,304 | -€518,850 | -€207,311 | ▲ 60.0% |
| Change in cash | - | €67,687 | €289,255 | -€156,253 | -€117,898 | ▲ 24.5% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Highest result since 2018net €349,152 ▲84.7%
Operating result €504,564, net result €349,152, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €500,000Eq €539,317 ▲28.8%
4 profitable years in a row build equity to €539,317.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Equity above €200,000Eq €223,880 ▲237%
2 profitable years in a row build equity to €223,880.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Perwez · 1 establishment unit since 2012
Ground area
2,203 m²
Parcel 25081B0139/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue du Cochige 33, 1360 Perwez
since 20122.205.390.020
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25081B0139/00E000 | Wallonia | 2,203 m² | - | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 sitePerwez2.205.390.020
Legal Entity Identifier
2549006Z6IN4PRYJOT07
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Of 12,582 companies in sector 49410 we hold annual accounts for 8,205. 4,448 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
49420Removal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0842346416
Also
9925:BE0842346416
Registered
27-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.