SERVICE STORE
ActiveThe annual accounts of SERVICE STORE for fiscal year 2024 show a net loss of 88% of total assets and of 88% of the equity at the start of that year. The 2024 annual accounts show equity of €33k and a net result of €-241k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 9625 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
32
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency37▼-43
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.14 against 2.25 in 2023; short-term debt: 87.9% of total assets), and 87.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
12.1%
Return on assets
-88.3%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-241k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9625 sector peers (2024).
NBB · sector comparisonPosition among 9625 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2025, 49 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
44 d early
2022
42 d early
2021
30 d early
2020
29 d early
2019
25 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€33k▼ 88.0%
2023 · €274k
2018: €127k
2019: €258k
2020: €403k
2021: €260k
2022: €515k
2023: €274k
2018 → 2024
Total assets
€273k▼ 44.7%
2023 · €494k
2018: €299k
2019: €552k
2020: €643k
2021: €445k
2022: €851k
2023: €494k
2018 → 2024
Net result
€-241k▼ 0.2%
2023 · €-241k
2018: €109k
2019: €131k
2020: €145k
2021: €-144k
2022: €255k
2023: €-241k
2018 → 2024
Working capital
€33k▼ 88.0%
2023 · €274k
2018: €126k
2019: €258k
2020: €403k
2021: €259k
2022: €515k
2023: €274k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€403k-€260k▼ 35.6%€515k▲ 98.3%€274k▼ 46.8%€33k▼ 88.0%
Operating result€197k-€-144k€306k€-258k€-299k▼ 15.9%
Net result€145k-€-144k€255k€-241k€-241k▼ 0.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €299k in 2024 against €258k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €273k
Equity
€33k▼ 88.0%
Debt
€240k▲ 9.1%
The debt ratio rises from 44.5% to 87.9%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
12.1%▼
2023 · 55.5%
Current ratio
1.14▼
2023 · 2.25
Quick ratio
1.14▼
2023 · 2.25
Debt / equity
7.30▲
2023 · 0.80
ROE
-732.9%▼
2023 · -87.8%
ROA
-88.3%▼
2023 · -48.7%
Debt
€240k▲
2023 · €220k
Debt ≤ 1 year
€240k▲
2023 · €220k
Income taxes
€1k▲
2023 · €955
Staff costs
€1.20M▲
2023 · €1.09M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€494k€273k▼
Current assets29/58€494k€273k▼
Amounts receivable within one year40/41€494k€273k▼
Trade receivables40€243k€255k▲
Other amounts receivable41€251k€18k▼
Equity and liabilities
Total equity and liabilities10/49€494k€273k▼
Equity10/15€274k€33k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€254k€13k▼
Amounts payable17/49€220k€240k▲
Amounts payable within one year42/48€220k€240k▲
Trade debts44€56k€40k▼
Suppliers440/4€56k€40k▼
Taxes, remuneration and social security45€163k€200k▲
Taxes450/3€500€7k▲
Remuneration and social security454/9€163k€193k▲
Other amounts payable47/48€500-
Income statement
Code20232024
Remuneration, social security and pensions62€1.09M€1.20M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€153-
Other operating charges640/8€268€278▲
Gross operating margin9900€827k€905k▲
Operating profit (loss)9901€-258k€-299k▼
Financial income75/76B€19k€59k▲
Recurring financial income75€19k€6k▼
Non-recurring financial income76B-€54k
Financial charges65/66B€246€246=
Recurring financial charges65€246€246=
Profit (loss) for the period before taxes9903€-240k€-240k▼
Income taxes67/77€955€1k▲
Profit (loss) for the period9904€-241k€-241k▼
Profit (loss) for the period to be appropriated9905€-241k€-241k▼
Appropriation of the result
Profit (loss) to be appropriated9906€254k€13k▼
Profit (loss) brought forward from the previous period14P€494k€254k▼
Social balance
Average headcount (FTE)908719.320.6▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-241k
Net result drops to €-241k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €255k
Net result €255k after one loss-making year.
31-12
Financial
Equity above €500kEq €515k ▲98.3%
Equity rises from €260k to €515k.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200kEq €258k ▲103%
2 profitable years in a row build equity to €258k.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Aalter · 1 establishment unit since 2018
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.
Groendreef 109880 AalterGround area
2.2 ha
Building footprint
1.7 ha
Volume, LiDAR
66,060 m³
2 parcels, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Service Store
since 20182.273.484.317
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44503H0052/00C000 | Flanders | 1.4 ha | 1 · 9,001 m² | 11.4 m · 3 fl. |
| 44503H0077/00F000 | Flanders | 8,576 m² | 1 · 8,470 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
2022 · 1 entry · 2,663 EUR awarded · 2,663 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,663 EUR | 2,663 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 698 companies in sector 46392 we hold annual accounts for 486. 235 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded02-02-2018
Fiscal year end31-12
Activities, NACEBEL
46392Non-specialised wholesale
47221Retail sale of meat and meat products, excluding game and poultry
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.