Service2cities
ActiveSummary
Service2cities has been active since 1957 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.28M and a net result of €812k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 62% of 1410 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▼-1
Solvency82▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €410k at 30 days acceptable
Liquidity ample (current ratio 9.26 against 19.08 in 2023; short-term debt: 9.3% and cash: 0.8% of total assets), and 43.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
56.9%
Return on assets
8.8%
Age of the figures
21 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 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
29 d early
2022
34 d early
2021
17 d early
2020
16 d early
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€5.28M▲ 18.2%
2023 · €4.47M
2019: €3.35M
2020: €3.51M
2021: €3.38M
2022: €3.67M
2023: €4.47M
2019 → 2024
Total assets
€9.27M▲ 15.6%
2023 · €8.02M
2019: €5.17M
2020: €6.42M
2021: €6.12M
2022: €7.08M
2023: €8.02M
2019 → 2024
Net result
€812k▲ 1.9%
2023 · €797k
2019: €300k
2020: €164k
2021: €-139k
2022: €294k
2023: €797k
2019 → 2024
Working capital
€7.11M▲ 10.8%
2023 · €6.41M
2019: €2.60M
2020: €4.44M
2021: €4.42M
2022: €5.22M
2023: €6.41M
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3.51M-€3.38M▼ 3.9%€3.67M▲ 8.7%€4.47M▲ 21.7%€5.28M▲ 18.2%
Operating result€164k-€-183k€379k€949k▲ 150%€924k▼ 2.6%
Net result€164k-€-139k€294k€797k▲ 172%€812k▲ 1.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.27M
Fixed assets
€1.31M ▲ 4.3%
Current assets
€7.97M ▲ 17.7%
Equity and liabilities €9.27M
Equity
€5.28M ▲ 18.2%
Provisions
€0 ▼ 100%
Debt
€4.00M ▲ 25.9%
Debt's share of the balance-sheet total rises from 39.6% to 43.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.41M▼
2023 · €1.49M
Cash flow
€1.30M▼
2023 · €1.34M
Current ratio
9.26▼
2023 · 19.08
Debt to equity
0.76▲
2023 · 0.71
ROE
15.4%▼
2023 · 17.9%
ROA
8.8%▼
2023 · 9.9%
Interest coverage
20.83▼
2023 · 26.96
Debt ≤ 1 year
€860k▲
2023 · €355k
Income taxes
€252k▼
2023 · €255k
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 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€8.02M€9.27M▲
Fixed assets21/28€1.26M€1.31M▲
Tangible fixed assets22/27€1.25M€1.31M▲
Plant, machinery and equipment23€1.25M€1.31M▲
Financial fixed assets28€1k-
Current assets29/58€6.77M€7.97M▲
Amounts receivable within one year40/41€5.92M€7.10M▲
Trade receivables40€22k€26k▲
Other amounts receivable41€5.90M€7.07M▲
Cash at bank and in hand54/58€70k€74k▲
Deferred charges and accrued income490/1€776k€792k▲
Equity and liabilities
Total equity and liabilities10/49€8.02M€9.27M▲
Equity10/15€4.47M€5.28M▲
Contributions10/11€245k€246k=
Capital10€245k€246k=
Issued capital100€245k€246k=
Reserves13€910k€910k=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Distributable reserves133€885k€885k=
Profit (loss) carried forward14€3.31M€4.12M▲
Provisions and deferred taxes16€380k-
Provisions for liabilities and charges160/5€380k-
Other liabilities and charges164/5€380k-
Amounts payable17/49€3.17M€4.00M▲
Amounts payable within one year42/48€355k€860k▲
Trade debts44€44k€265k▲
Suppliers440/4€44k€265k▲
Taxes, remuneration and social security45€310k€595k▲
Taxes450/3€310k€595k▲
Accrued charges and deferred income492/3€2.82M€3.14M▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€541k€487k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€380k-
Other operating charges640/8€249k€249k▼
Gross operating margin9900€2.12M€1.66M▼
Operating profit (loss)9901€949k€924k▼
Financial income75/76B€159k€208k▲
Recurring financial income75€159k€208k▲
Financial charges65/66B€55k€68k▲
Recurring financial charges65€55k€68k▲
Profit (loss) for the period before taxes9903€1.05M€1.06M▲
Income taxes67/77€255k€252k▼
Profit (loss) for the period9904€797k€812k▲
Profit (loss) for the period to be appropriated9905€797k€812k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.31M€4.12M▲
Profit (loss) brought forward from the previous period14P€2.51M€3.31M▲
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €812k ▲1.9%
Net result €812k, the highest in the series.
31-12
Financial
Equity above €5MEq €5.28M ▲18.2%
3 profitable years in a row build equity to €5.28M.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 19.08
Current ratio from 9.52 to 19.08; short-term debt falls from €612k to €355k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €294k
Net result €294k after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-139k ▼184%
Net result drops to €-139k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
2016
08-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
23 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, Vilvoorde · 1 establishment unit since 1964
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.
Laurent-Benoit Dewezplein 51800 VilvoordeGround area
904 m²
Parcel 23642D0921/00R002, Flanders. Linked by address, not a title deed.
1 establishment unit
Laurent-Benoit Dewezplein 5, 1800 Vilvoorde
since 19642.001.159.092
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23642D0921/00R002 | Flanders | 904 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.
Similar companies · same sector, comparable size
Aprimo Belgium NV
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EUROPEAN SERVICE NETWORK
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DIDOT
BE 0452.827.276
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Immovlan
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Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 426 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 formPublic limited company
Founded04-06-1957
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.