SERVICA
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 13-07-2026 at the NBB all 36 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 11% lower than 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.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,151 | €3,391 | - | - | - |
| Depreciation and write-downs of the year | €341 | €686 | €1,232 | €891 | €848 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 2 entries · €360 awarded · €360 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €48 | €48 |
| 2022 | 1 | €312 | €312 |
Companies with the same profile, two years later
Historical observationIn July 2024, 31,368 companies had the same profile as SERVICA has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SERVICA 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 31,368 companies, not a prediction for SERVICA. 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €363 | - | - | €341 | €686 | €1,232 | €891 | €848 | ▼ 4.8% |
| Other operating charges640/8 | - | - | - | €319 | €368 | €384 | €387 | €471 | ▲ 21.5% |
| Gross operating margin9900 | €23,080 | €18,921 | €19,796 | €21,919 | €19,743 | €16,061 | €25,177 | €22,607 | ▼ 10.2% |
| Operating profit (loss)9901 | -€135,070 | €17,908 | €19,138 | €21,259 | €18,689 | €14,445 | €23,899 | €21,289 | ▼ 10.9% |
| Recurring financial income75 | - | €0 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €253 | €250 | €180 | €153 | €153 | ▲ 0.2% |
| Recurring financial charges65 | €199 | €198 | €260 | €253 | €250 | €180 | €153 | €153 | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | -€135,269 | €17,710 | €18,878 | €21,006 | €18,440 | €14,265 | €23,746 | €21,136 | ▼ 11.0% |
| Income taxes67/77 | €689 | €200 | €192 | -€94 | €13 | - | - | - | - |
| Profit (loss) for the period9904 | -€135,958 | €17,510 | €18,686 | €21,100 | €18,427 | €14,265 | €23,746 | €21,136 | ▼ 11.0% |
| Profit (loss) for the period to be appropriated9905 | -€135,958 | €17,510 | €18,686 | €21,100 | €18,427 | €14,265 | €23,746 | €21,136 | ▼ 11.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €8,235 | €4,678 | €2,298 | €7,292 | €12,513 | €19,280 | €41,803 | €58,642 | ▲ 40.3% |
| Fixed assets21/28 | - | - | - | €811 | €3,516 | €2,284 | €1,393 | €546 | ▼ 60.8% |
| Tangible fixed assets22/27 | - | - | - | €811 | €3,516 | €2,284 | €1,393 | €546 | ▼ 60.8% |
| Furniture and vehicles24 | - | - | - | €811 | €3,516 | €2,284 | €1,393 | €546 | ▼ 60.8% |
| Current assets29/58 | €8,235 | €4,678 | €2,298 | €6,482 | €8,997 | €16,996 | €40,410 | €58,096 | ▲ 43.8% |
| Cash at bank and in hand54/58 | €8,235 | €4,678 | €2,298 | €6,482 | €8,997 | €16,996 | €40,410 | €57,846 | ▲ 43.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €250 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €8,235 | €4,678 | €2,298 | €7,292 | €12,513 | €19,280 | €41,803 | €58,642 | ▲ 40.3% |
| Equity10/15 | -€77,900 | -€60,390 | -€41,703 | -€20,604 | -€2,177 | €12,088 | €35,834 | €56,969 | ▲ 59.0% |
| Contributions10/11 | €105,355 | €105,355 | €105,355 | €105,355 | €105,355 | €105,355 | €105,355 | €105,355 | = |
| Capital10 | - | - | - | €105,355 | €105,355 | €105,355 | €105,355 | €105,355 | = |
| Issued capital100 | - | - | - | €105,355 | €105,355 | €105,355 | €105,355 | €105,355 | = |
| Profit (loss) carried forward14 | -€183,254 | -€165,744 | -€147,058 | -€125,958 | -€107,532 | -€93,267 | -€69,521 | -€48,385 | ▲ 30.4% |
| Amounts payable17/49 | €86,135 | €65,068 | €44,001 | €27,896 | €14,690 | €7,192 | €5,969 | €1,673 | ▼ 72.0% |
| Amounts payable within one year42/48 | €86,135 | €65,068 | €44,001 | €27,896 | €14,690 | €7,192 | €5,969 | €1,673 | ▼ 72.0% |
| Trade debts44 | €332 | €621 | €870 | €234 | €175 | - | €157 | €161 | ▲ 2.7% |
| Suppliers440/4 | - | - | - | €234 | €175 | - | €157 | €161 | ▲ 2.7% |
| Taxes, remuneration and social security45 | - | - | - | - | €13 | - | - | - | - |
| Taxes450/3 | - | - | - | - | €13 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €27,661 | €14,501 | €7,192 | €5,812 | €1,511 | ▼ 74.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€135,958 | €17,510 | €18,686 | €21,100 | €18,427 | €14,265 | €23,746 | €21,136 | ▼ 11.0% |
| + Depreciation and write-downs630 | €363 | - | - | €341 | €686 | €1,232 | €891 | €848 | ▼ 4.8% |
| Operating cash flow (approximation) | -€135,595 | €17,510 | €18,686 | €21,441 | €19,112 | €15,497 | €24,636 | €21,983 | ▼ 10.8% |
| Investment in fixed assets (approximation) | - | - | - | - | -€3,391 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,557 | -€2,380 | €4,184 | €2,515 | €7,999 | €23,414 | €17,437 | ▼ 25.5% |
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 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-07-2026 | 2026-00297573 | NBB |
| 31-12-2024 | micro format | 23-06-2025 | 2025-00207210 | |
| 31-12-2023 | abbreviated format | 26-07-2024 | 2024-00287599 | |
| 31-12-2022 | abbreviated format | 17-07-2023 | 2023-00239934 | |
| 31-12-2021 | abbreviated format | 07-07-2022 | 2022-20156033 | |
| 31-12-2020 | abbreviated format | 02-08-2021 | 2021-44900454 | |
| 31-12-2019 | abbreviated format | 30-07-2020 | 2020-35900182 | |
| 31-12-2018 | abbreviated format | 23-07-2019 | 2019-38800402 | |
| 31-12-2017 | abbreviated format | 30-07-2018 | 2018-39100462 | |
| 31-12-2016 | abbreviated format | 25-09-2017 | 2017-62500106 |