SERVICE GROUP
Bankruptcy1 interim measureSummary
The KBO register records for SERVICE GROUP the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €114k and a net result of €62k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
47 d late
2023
72 d late
2022
121 d late
2021
2 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€114k▲ 118%
2023 · €52k
2021: €28k
2022: €31k
2023: €52k
2021 → 2024
Total assets
€589k▲ 8.9%
2023 · €540k
2021: €70k
2022: €336k
2023: €540k
2021 → 2024
Net result
€62k▲ 188%
2023 · €21k
2021: €23k
2022: €3k
2023: €21k
2021 → 2024
Working capital
€34k
2023 · €-46k
2021: €-2k
2022: €54k
2023: €-46k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€28k-€31k▲ 10.8%€52k▲ 69.9%€114k▲ 118%
Operating result€32k-€6k▼ 82.2%€31k▲ 446%€68k▲ 118%
Net result€23k-€3k▼ 86.8%€21k▲ 618%€62k▲ 188%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 118% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €589k
Fixed assets
€108k ▼ 24.1%
Current assets
€481k ▲ 20.7%
Equity and liabilities €589k
Equity
€114k ▲ 118%
Debt
€475k ▼ 2.7%
Debt's share of the balance-sheet total falls from 90.4% to 80.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€102k▲
2023 · €59k
Cash flow
€96k▲
2023 · €49k
Current ratio
1.08▲
2023 · 0.90
Debt to equity
4.18▼
2023 · 9.38
ROE
54.2%▲
2023 · 41.1%
ROA
10.5%▲
2023 · 4.0%
Interest coverage
17.40▲
2023 · 14.16
Debt ≤ 1 year
€447k▲
2023 · €445k
Debt > 1 year
€28k▼
2023 · €44k
Staff costs
€90k▲
2023 · €12k
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€540k€589k▲
Fixed assets21/28€142k€108k▼
Tangible fixed assets22/27€142k€108k▼
Land and buildings22€103k€93k▼
Furniture and vehicles24€39k€15k▼
Current assets29/58€398k€481k▲
Amounts receivable within one year40/41€267k€459k▲
Trade receivables40€137k€392k▲
Other amounts receivable41€130k€66k▼
Cash at bank and in hand54/58€132k€22k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€540k€589k▲
Equity10/15€52k€114k▲
Contributions10/11€5k€67k▲
Reserves13€26k€26k=
Distributable reserves133€26k€26k=
Profit (loss) carried forward14€21k€21k=
Amounts payable17/49€488k€475k▼
Amounts payable after more than one year17€44k€28k▼
Financial debts170/4€44k€28k▼
Amounts payable within one year42/48€445k€447k▲
Current portion of amounts payable after more than one year42€15k€16k▲
Trade debts44€421k€351k▼
Suppliers440/4€421k€351k▼
Taxes, remuneration and social security45€8k€80k▲
Taxes450/3€5k€9k▲
Remuneration and social security454/9€3k€71k▲
Other amounts payable47/48€0-
Income statement
Code20232024
Remuneration, social security and pensions62€12k€90k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€34k▲
Other operating charges640/8€378k€5k▼
Gross operating margin9900€450k€196k▼
Operating profit (loss)9901€31k€68k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€27k€62k▲
Income taxes67/77€5k-
Profit (loss) for the period9904€21k€62k▲
Profit (loss) for the period to be appropriated9905€21k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€83k▲
Profit (loss) brought forward from the previous period14P-€21k
Transfer to equity691/2€0€62k▲
To other reserves6921€0€62k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
11-09
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2024
31-12
Financial
Highest result since 2021net €62k ▲188%
Operating result €68k, net result €62k, both a record.
31-12
Financial
Equity above €100kEq €114k ▲118%
4 profitable years in a row build equity to €114k.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 121 days late
2022
31-12
Financial
Weakest financial yearnet €3k ▼86.8%
Net result drops to €3k, the lowest in the series.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Slekkenstraat(MEL) 49120 Beveren-Kruibeke-ZwijndrechtGround area
6,903 m²
Building footprint
967 m²
Parcel 46016D1365/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
Service Group
since 20202.303.820.769
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46016D1365/00D000 | Flanders | 6,903 m² | 1 · 967 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 808 EUR awarded · 808 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 404 EUR | 404 EUR |
| 2024 | 1 | 404 EUR | 404 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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DERVIS
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Of 996 companies in sector 49420 we hold annual accounts for 450. 349 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
49420Removal services
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.