SERVICE SYSTEMS
ActiveSERVICE SYSTEMS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €652k and a net result of €89k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 67% of 7425 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
100
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability68▼-5
Solvency98▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 3.02 against 2.69 in 2023), and 41.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
58.1%
Return on assets
8%
Age of the figures
20 mo
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 29-06-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
32 d early
2023
31 d early
2022
29 d early
2021
32 d early
2020
41 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€652k▲ 8.6%
2023 · €600k
2018: €302k
2019: €321k
2020: €400k
2021: €484k
2022: €559k
2023: €600k
2018 → 2024
Total assets
€1.12M▼ 0.6%
2023 · €1.13M
2018: €762k
2019: €709k
2020: €1.09M
2021: €1.09M
2022: €1.06M
2023: €1.13M
2018 → 2024
Net result
€89k▲ 2.4%
2023 · €87k
2018: €25k
2019: €19k
2020: €79k
2021: €84k
2022: €75k
2023: €87k
2018 → 2024
Working capital
€301k▲ 7.7%
2023 · €280k
2018: €149k
2019: €178k
2020: €184k
2021: €237k
2022: €288k
2023: €280k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€400k-€484k▲ 21.0%€559k▲ 15.5%€600k▲ 7.3%€652k▲ 8.6%
Operating result€134k-€128k▼ 5.0%€110k▼ 14.0%€130k▲ 17.9%€135k▲ 4.2%
Net result€79k-€84k▲ 6.1%€75k▼ 10.9%€87k▲ 16.2%€89k▲ 2.4%
Turnover and EBIT margin not published: the abbreviated 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 4% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.12M
Fixed assets
€671k▼ 1.8%
Current assets
€451k▲ 1.2%
Equity and liabilities €1.12M
Equity
€652k▲ 8.6%
Debt
€470k▼ 11.1%
The debt ratio falls from 46.8% to 41.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€223k▲
2023 · €200k
Cash flow
€177k▲
2023 · €157k
Solvency
58.1%▲
2023 · 53.2%
Current ratio
3.02▲
2023 · 2.69
Quick ratio
2.58▲
2023 · 2.27
Debt / equity
0.72▼
2023 · 0.88
ROE
13.7%▼
2023 · 14.5%
ROA
8.0%▲
2023 · 7.7%
Interest coverage
12.52▼
2023 · 16.69
Debt
€470k▼
2023 · €528k
Debt ≤ 1 year
€149k▼
2023 · €165k
Debt > 1 year
€320k▼
2023 · €363k
Income taxes
€31k▼
2023 · €34k
Staff costs
€227k▼
2023 · €268k
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€1.13M€1.12M▼
Fixed assets21/28€684k€671k▼
Tangible fixed assets22/27€684k€671k▼
Land and buildings22€520k€488k▼
Plant, machinery and equipment23€10k€16k▲
Furniture and vehicles24€153k€167k▲
Current assets29/58€445k€451k▲
Stocks and contracts in progress3€70k€66k▼
Stocks30/36€70k€66k▼
Amounts receivable within one year40/41€119k€170k▲
Trade receivables40€91k€135k▲
Other amounts receivable41€28k€34k▲
Cash at bank and in hand54/58€254k€210k▼
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.13M€1.12M▼
Equity10/15€600k€652k▲
Contributions10/11€38k€37k▼
Reserves13€562k€616k▲
Tax-exempt reserves132€40k€40k=
Distributable reserves133€522k€576k▲
Amounts payable17/49€528k€470k▼
Amounts payable after more than one year17€363k€320k▼
Financial debts170/4€363k€320k▼
Amounts payable within one year42/48€165k€149k▼
Current portion of amounts payable after more than one year42€82k€95k▲
Financial debts43-€5k
Credit institutions430/8-€5k
Trade debts44€31k€43k▲
Suppliers440/4€31k€43k▲
Taxes, remuneration and social security45€52k€6k▼
Taxes450/3€40k€6k▼
Remuneration and social security454/9€12k-
Accrued charges and deferred income492/3€165€103▼
Income statement
Code20232024
Non-recurring operating income76A€5k€2k▼
Remuneration, social security and pensions62€268k€227k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€88k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€9k
Other operating charges640/8€6k€6k▲
Gross operating margin9900€474k€466k▼
Operating profit (loss)9901€130k€135k▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€12k€18k▲
Recurring financial charges65€12k€18k▲
Profit (loss) for the period before taxes9903€121k€120k▼
Income taxes67/77€34k€31k▼
Profit (loss) for the period9904€87k€89k▲
Profit (loss) for the period to be appropriated9905€87k€89k▲
Appropriation of the result
Profit (loss) to be appropriated9906€87k€89k▲
Transfer from equity791/2€44k€37k▼
Transfer to equity691/2€87k€89k▲
To other reserves6921€87k€89k▲
Profit to be distributed694/7€44k€37k▼
Return on contributions (dividend)694€44k€37k▼
Social balance
Average headcount (FTE)90874.13.7▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €89k ▲2.4%
Operating result €135k, net result €89k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €559k ▲15.5%
5 profitable years in a row build equity to €559k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €19k ▼23.9%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial 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, Hasselt · 1 establishment unit since 2004
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.
Ekkelgaarden 6P3500 HasseltGround area
9,713 m²
Building footprint
3,499 m²
Volume, LiDAR
23,761 m³
Parcel 71324E0542/00V000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Service Systems
since 20042.136.779.445
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0542/00V000 | Flanders | 9,713 m² | 1 · 3,499 m² | 8.3 m · 2 fl. |
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.
Recognitions · licences · registrations
Recognised contractor
3 categoriesSERVICE SYSTEMS BV30272
Dual-learning approval
3 endedSimilar companies · same sector, comparable size
INDEPENDENT FIRE PROTECTION COMPANY
BE 0876.609.784
Oudenaarde · Eq €652k
ENTREPRISE EDOUARD
BE 0445.895.241
Braine-l'Alleud · Eq €653k
Brantegem
BE 0413.787.548
Sint-Martens-Latem · Eq €650k
V.TS
BE 0428.815.422
Tournai · Eq €656k
Loodgieter Van Ende
BE 0535.588.171
Schoten · Eq €648k
Of 6,993 companies in sector 43221 we hold annual accounts for 3,445. 2,068 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-04-2004
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
45332
46130Agents in the wholesale of timber and building materials
46831Wholesale of construction materials, general range
46842Wholesale trade
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47990Retail trade
51532
51542
52630
52740
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.