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SERVICE PARTNERS

Active
Public limited companyfounded 1983active for 43 yearsGrote Moortel 7, 9830 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0424.726.871
Summary

SERVICE PARTNERS has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.4m and a net result of €622,961, of which €992,325 non-recurring income. Equity has been growing by about 5% per year since 2019. Its solvency ranks better than 78% of 11,259 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
SERVICE PARTNERSActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Official details

Source: KBO
Status
Active since 05-08-1983 Normal situation
Activity
Renting and operating of own or leased residential real estate, excluding social housing NACE 68201and 5 others
Establishment unit
2.022.823.548 9830 Sint-Martens-Latem, since 05-08-1983
Financial year end
30 September
Peppol
Reachable since 17-11-2025
Company details

Board and ownership

Board
  • Service PartnersDirector
Holdings
Shares in 4 companies including De Vlei Property Development Proprietary Limited and Kwanokuthula Shopping Centre (Pty) Ltd
Board & ownership

Financial position

97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 30-09-2025
Gross margin
€1.1m
▲ 476%
Turnover
≈ €1.1m
estimated
Profit
€622,961
▼ 25.9%
Equity
€10.4m
▲ 6.4%
Total assets
€15.3m
▼ 11.0%
Financials
Score breakdownraises riskLiquidity: current ratio 153.38, cash €40,778lowers riskFounded in 1983Size: total assets €15.3mFigures for financial year 2025 (filed on 21-02-2026)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 72% of medium-sized companies in real estate (NACE 68)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 93+11
equity 68.1% of total assets
Liquidity 50=
short-term debt 0.1% · cash 0.3%
Profitability 74+39
return on assets 4.1%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,720 companies, NACE 68, medium-sized)
Last 24 months 12-2024: < 0.1%lowest value 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: 0.1%▲ +0.1 percentage points vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026highest value 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €1,000,000 on 30-day terms is acceptable
Short-term debt is 0.1% and cash 0.3% of total assets. 31.9% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized). It does better than 81% of them on solvency, 57% on liquidity, 85% on profitability and 66% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 153.38, cash €40,778
NBB · annual accounts
lowers risk · Founded in 1983
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €15.3m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 21-02-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-02-2026, 70 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
70 days early
2024
2 days early
2023
on the day
2022
2 days early
2021
3 days early
2020
22 days early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 28 April (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end02-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Directors leftlatest change 23-10-2026 · 1 in office 3 left View
  • Positive: Higher net result than 95% of companies in real estatesector median €10,001 · 11,250 companies €622,961 View
  • 2 restructurings in 2026latest: merger with NRX 2 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 6 profitable years in a rowprofit 2025: €622,961, mostly one-off 6 years View
  • Caution: Result fell in 2025from €840,220 to €622,961 ▼ 25.9% View

Recent changes

  1. · Gazette deed Merger: SERVICE PARTNERS takes over WCIFCapital increase of €1,615,713.39 to €4,535,708.60 · Resignations: SERVICE PARTNERS, NRX and Robert BAEYENS · Permanent representatives: Robert BAEYENS and Claudine VANHOLLEBEKE
  2. · Gazette deed Merger proposal: Service Partners takes over WCIFPermanent representatives: Robert Baeyens and Claudine VAN HOLLEBEKE
  3. · Gazette deed Resignations: Baeyens Robert, Claudine Vanhollebeke and Baeyens KimAppointment: Baeyens Robert (director)
All 20 events

Companies linked to SERVICE PARTNERS

Subsidiaries and holdings

Comparable companies

These companies have the same main activity as SERVICE PARTNERS: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €12m and €21m, founded between 1986 and 1991.

CompanyTotal assetsGross margin
SERVICE PARTNERS Sint-Martens-Latem€15.3m€1.1m
NEVEN-LEMAIRE Sint-Truiden€16.0m€1.0m
IMMO-TIJTGAT Zulte€19.2m€0.9m
PATRIMBEHEER Gent€11.6m€1.4m
WANTOBO Gent€11.6m€1.1m
DEMALIS Deinze€16.6m€1.8m
ALFA Waasmunster€20.8m€1.1m
Full comparison

Key facts about SERVICE PARTNERS
What is the company number of SERVICE PARTNERS?
The company number of SERVICE PARTNERS is 0424.726.871. The VAT number is the same number with BE in front: BE 0424.726.871.
Where is SERVICE PARTNERS based?
The registered office is at Grote Moortel 7, 9830 Sint-Martens-Latem.Company details
What does SERVICE PARTNERS do?
According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
What is the legal form of SERVICE PARTNERS?
The legal form of SERVICE PARTNERS is Public limited company (NV).
When was SERVICE PARTNERS founded?
SERVICE PARTNERS was founded on 05-08-1983.
Is SERVICE PARTNERS still active?
Yes, SERVICE PARTNERS is an active enterprise in the KBO register.
What is the turnover of SERVICE PARTNERS?
The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €1.1m and 31 comparable companies (NACE 68201). It probably lies between €1.1m and €1.3m.Financials
Is SERVICE PARTNERS profitable?
In financial year 2025, SERVICE PARTNERS made a profit of €622,961.
Where can I find the annual accounts of SERVICE PARTNERS?
SERVICE PARTNERS filed 42 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SERVICE PARTNERS due?
SERVICE PARTNERS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

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