SERVICE MASTERS
ActiveSERVICE MASTERS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90k and a net result of €-67k. Equity is shrinking by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 53% of 7723 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-73
Solvency80▼-18
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 2.06 in 2024; short-term debt: 41.5% and cash: 7.9% of total assets), and 45.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.7%
Return on assets
-40.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
81 d early
2024
142 d early
2023
106 d early
2022
on the day
2021
2 d late
2020
1 d early
2019
42 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€90k▼ 42.5%
2024 · €157k
2018: €164k
2019: €238k
2020: €253k
2021: €181k
2022: €148k
2023: €149k
2024: €157k
2018 → 2025
Total assets
€165k▼ 23.7%
2024 · €216k
2018: €379k
2019: €424k
2020: €446k
2021: €460k
2022: €346k
2023: €229k
2024: €216k
2018 → 2025
Net result
€-67k
2024 · €8k
2018: €27k
2019: €74k
2020: €14k
2021: €13k
2022: €3k
2023: €8k
2024: €8k
2018 → 2025
Working capital
€388▼ 99.4%
2024 · €63k
2018: €135k
2019: €184k
2020: €198k
2021: €110k
2022: €63k
2023: €59k
2024: €63k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€181k-€148k▼ 18.4%€149k▲ 0.7%€157k▲ 5.5%€90k▼ 42.5%
Operating result€12k-€8k▼ 30.9%€16k▲ 99.7%€13k▼ 18.2%€-63k
Net result€13k-€3k▼ 79.0%€8k▲ 196%€8k▼ 0.6%€-67k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €63k after €13k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €165k
Fixed assets
€96k▲ 2.2%
Current assets
€69k▼ 43.6%
Equity and liabilities €165k
Equity
€90k▼ 42.5%
Debt
€75k▲ 26.1%
The debt ratio rises from 27.4% to 45.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-50k▼
2024 · €21k
Cash flow
€-54k▼
2024 · €16k
Solvency
54.7%▼
2024 · 72.6%
Current ratio
1.01▼
2024 · 2.06
Quick ratio
1.01▼
2024 · 1.60
Debt / equity
0.83▲
2024 · 0.38
ROE
-73.8%▼
2024 · 5.2%
ROA
-40.4%▼
2024 · 3.8%
Interest coverage
-14.45▼
2024 · 14.72
Debt
€75k▲
2024 · €59k
Debt ≤ 1 year
€68k▲
2024 · €59k
Debt > 1 year
€6k▲
2024 · €0
Income taxes
€329▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€216k€165k▼
Fixed assets21/28€94k€96k▲
Tangible fixed assets22/27€94k€96k▲
Land and buildings22€74k€70k▼
Plant, machinery and equipment23€8k€13k▲
Furniture and vehicles24€11k€12k▲
Leasing and similar rights25€0-
Financial fixed assets28€344€0▼
Current assets29/58€122k€69k▼
Stocks and contracts in progress3€27k€0▼
Stocks30/36€27k€0▼
Amounts receivable within one year40/41€43k€55k▲
Trade receivables40€37k€50k▲
Other amounts receivable41€6k€6k▼
Cash at bank and in hand54/58€45k€13k▼
Deferred charges and accrued income490/1€7k€404▼
Equity and liabilities
Total equity and liabilities10/49€216k€165k▼
Equity10/15€157k€90k▼
Contributions10/11€19k€19k=
Reserves13€10k€10k=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€128k€62k▼
Amounts payable17/49€59k€75k▲
Amounts payable after more than one year17€0€6k▲
Financial debts170/4€0€6k▲
Amounts payable within one year42/48€59k€68k▲
Current portion of amounts payable after more than one year42€5k€2k▼
Financial debts43€828€1k▲
Credit institutions430/8€828€1k▲
Trade debts44€33k€40k▲
Suppliers440/4€33k€40k▲
Taxes, remuneration and social security45€8k€11k▲
Taxes450/3€8k€11k▲
Other amounts payable47/48€12k€14k▲
Income statement
Code20242025
Non-recurring operating income76A€11k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€13k▲
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A-€344
Gross operating margin9900€24k€-47k▼
Operating profit (loss)9901€13k€-63k▼
Financial income75/76B€1k€51▼
Recurring financial income75€1k€51▼
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€13k€-66k▼
Income taxes67/77€5k€329▼
Profit (loss) for the period9904€8k€-67k▼
Profit (loss) for the period to be appropriated9905€8k€-67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€136k€62k▼
Profit (loss) brought forward from the previous period14P€128k€128k=
Transfer to equity691/2€8k€0▼
To other reserves6921€8k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-67k ▼920%
Net result drops to €-67k, the lowest in the series.
11-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €150kEq €157k ▲5.5%
7 profitable years in a row build equity to €157k.
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €74k ▲177%
Operating result €97k, net result €74k, both a record.
31-12
Financial
Equity above €200kEq €238k ▲45%
2 profitable years in a row build equity to €238k.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Mortsel · 1 establishment unit since 2002
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.
Heirbaan 47E2640 MortselGround area
1,486 m²
Building footprint
168 m²
Volume, LiDAR
1,012 m³
2 parcels, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nordic Interior Design
since 20022.114.333.348
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11029A0269/00D003 | Flanders | 1,056 m² | 1 · 168 m² | 6.4 m · 2 fl. |
| 11029A0269/00E003 | Flanders | 429 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2023 to 2024 · 2 entries · 1,200 EUR awarded · 1,200 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 1,200 EUR |
| 2023 | 1 | 1,200 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,225 companies in sector 82100 we hold annual accounts for 3,511. 2,613 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-08-2002
Fiscal year end31-12
Activities, NACEBEL
74853
82100Office administrative and support services
82110Office administrative, office support and other business support activities
18130Pre-press and pre-media services
22250
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.