SERVICO
ActiveSummary
SERVICO has been active since 1980 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €634,745 and a net result of €225,390. Equity remains stable across the filed financial years (±0.5% per year). Its solvency ranks better than 56% of 567 sector peers (NACE 63, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 14.8 FTE
- Equity
- €634,745
- Profit
- €225,390
- Parent
- DOLIAT · 81.71%
- Davide FELICISSIMODirector
- Michel BOURASSADirector
Why 97lowers riskLiquidity: current ratio 2.24, cash €499,041Founded in 1980Profit of €225,390 (financial year 2025)Equity €634,745 (52.1% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 63, small): better than 62% on solvency, 91% on liquidity, 84% on profitability and 79% on growth.
The bankruptcy probability was computed on 24-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 65 days before the deadline; the sector median (NACE 63) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Highest result from 2018 to 2025net €225,390 ▲3.1%
- Equity above €500,000equity €634,745 ▲45.2%
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 4% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 63, Computing infrastructure, data processing, hosting and other information service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2024 Net result +117%, Equity +81% on 2023. Partial demerger to GAVID, Official Gazette 04-03-2024.
Peer companies
Historical observationOf the 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,139 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.001m | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €1.1m | €1.1m | €1.3m | €1.3m | €1.3m | ▼ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0.09m | ▲ 8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.004m | €0.003m | €0.007m | €0.001m | €285 | ▼ 72.2% |
| Other operating charges640/8 | - | - | - | €0.006m | €0.006m | €0.02m | €0.004m | €0.009m | ▲ 113% |
| Gross operating margin9900 | €1.3m | €1.4m | €1.4m | €1.4m | €1.3m | €1.6m | €1.7m | €1.7m | ▼ 2.5% |
| Operating profit (loss)9901 | €0.2m | €0.2m | €0.1m | €0.1m | €0.09m | €0.1m | €0.3m | €0.3m | ▼ 3.9% |
| Financial income75/76B | - | - | - | €0.01m | €0.02m | €0.02m | €0.002m | €0.01m | ▲ 646% |
| Recurring financial income75 | €0.02m | €0.01m | €0.02m | €0.01m | €0.02m | €0.02m | €0.002m | €0.01m | ▲ 646% |
| Financial charges65/66B | - | - | - | €0.004m | €0.003m | €0.004m | €0.004m | €0.003m | ▼ 22.4% |
| Recurring financial charges65 | €0.003m | €0.006m | €0.006m | €0.004m | €0.003m | €0.004m | €0.004m | €0.003m | ▼ 22.4% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | €0.3m | ▼ 0.1% |
| Transfer from deferred taxes780 | - | - | - | €0.003m | €0.003m | €0.003m | €0.004m | €0.004m | ▼ 1.3% |
| Transfer to deferred taxes680 | - | - | - | €0.004m | - | €0.01m | - | - | - |
| Income taxes67/77 | €0.05m | €0.06m | €0.04m | €0.04m | €0.04m | €0.05m | €0.09m | €0.08m | ▼ 7.8% |
| Profit (loss) for the period9904 | €0.1m | €0.1m | €0.07m | €0.07m | €0.07m | €0.1m | €0.2m | €0.2m | ▲ 3.1% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.008m | €0.009m | €0.008m | €0.01m | €0.01m | ▼ 1.3% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.01m | - | €0.03m | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.1m | €0.07m | €0.07m | €0.08m | €0.08m | €0.2m | €0.2m | ▲ 2.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €1.2m | €1.1m | €1.1m | €1.1m | €1.2m | €0.8m | €1.2m | ▲ 59.6% |
| Fixed assets21/28 | €0.3m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 8.6% |
| Tangible fixed assets22/27 | €0.3m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 8.6% |
| Land and buildings22 | - | - | - | €0.1m | €0.1m | €0.007m | €0.005m | €0.003m | ▼ 31.8% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.01m | €0.003m | €0.004m | €0.002m | ▼ 49.1% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | ▲ 10.5% |
| Current assets29/58 | €0.6m | €0.7m | €0.7m | €0.7m | €0.8m | €0.9m | €0.5m | €1.0m | ▲ 80.5% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €0.2m | €0.2m | = |
| Other amounts receivable291 | - | - | - | - | - | - | €0.2m | €0.2m | = |
| Stocks and contracts in progress3 | €0.01m | €0.02m | €0.01m | €0.009m | €0.008m | €0.02m | €0.006m | €0.01m | ▲ 98.5% |
| Stocks30/36 | - | - | - | €0.009m | €0.008m | €0.02m | €0.006m | €0.01m | ▲ 98.5% |
| Amounts receivable within one year40/41 | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 11.0% |
| Trade receivables40 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 11.5% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.001m | €0.01m | €0.008m | €0.008m | ▼ 4.8% |
| Current investments50/53 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.5m | €157 | - | - |
| Cash at bank and in hand54/58 | €0.05m | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | €0.09m | €0.5m | ▲ 428% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | ▼ 3.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €1.2m | €1.1m | €1.1m | €1.1m | €1.2m | €0.8m | €1.2m | ▲ 59.6% |
| Equity10/15 | €0.6m | €0.7m | €0.7m | €0.8m | €0.8m | €0.2m | €0.4m | €0.6m | ▲ 45.2% |
| Contributions10/11 | €0.07m | €0.07m | - | €0.07m | €0.07m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.5m | €0.6m | €0.7m | €0.7m | €0.8m | €0.2m | €0.4m | €0.6m | ▲ 52.7% |
| Non-distributable reserves130/1 | - | - | - | €0.007m | €0.007m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.007m | €0.007m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.03m | €0.03m | €0.04m | €0.03m | €0.02m | ▼ 33.7% |
| Distributable reserves133 | - | - | - | €0.7m | €0.7m | €0.1m | €0.3m | €0.6m | ▲ 60.9% |
| Provisions and deferred taxes16 | €0.008m | €0.005m | €0.007m | €0.009m | €0.006m | €0.01m | €0.009m | €0.006m | ▼ 39.4% |
| Deferred taxes168 | - | - | - | €0.009m | €0.006m | €0.01m | €0.009m | €0.006m | ▼ 39.4% |
| Amounts payable17/49 | €0.3m | €0.5m | €0.4m | €0.3m | €0.3m | €1.0m | €0.3m | €0.6m | ▲ 82.2% |
| Amounts payable after more than one year17 | - | €0.1m | €0.05m | - | - | - | €0.02m | €0.06m | ▲ 214% |
| Financial debts170/4 | - | - | - | - | - | - | €0.02m | €0.06m | ▲ 214% |
| Amounts payable within one year42/48 | €0.3m | €0.4m | €0.3m | €0.3m | €0.3m | €0.9m | €0.3m | €0.4m | ▲ 49.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | - | - | €0.005m | €0.02m | ▲ 381% |
| Trade debts44 | €0.1m | €0.2m | €0.09m | €0.06m | €0.1m | €0.1m | €0.06m | €0.2m | ▲ 233% |
| Suppliers440/4 | - | - | - | €0.06m | €0.1m | €0.1m | €0.06m | €0.2m | ▲ 233% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 11.0% |
| Taxes450/3 | - | - | - | €0.04m | €0.03m | €0.08m | €0.05m | €0.04m | ▼ 27.6% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 5.5% |
| Other amounts payable47/48 | - | - | - | €0.004m | €0.01m | €0.6m | €0.02m | €0.03m | ▲ 22.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.01m | €0.02m | €0.006m | €0.08m | ▲ 14× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €129,325 | €106,514 | €72,914 | €73,781 | €67,881 | €100,988 | €218,718 | €225,390 | ▲ 3.1% |
| + Depreciation and write-downs630 | €111,425 | €155,542 | €132,579 | €135,542 | €131,013 | €105,736 | €87,062 | €94,232 | ▲ 8.2% |
| Operating cash flow (approximation) | €240,750 | €262,056 | €205,494 | €209,323 | €198,894 | €206,724 | €305,780 | €319,623 | ▲ 4.5% |
| Investment in fixed assets (approximation) | - | -€321,512 | -€101,884 | -€116,960 | -€43,833 | -€71,435 | -€42,890 | -€113,326 | ▼ 164% |
| Change in cash | - | €115,244 | €62,906 | €40,535 | -€7,263 | -€12,293 | -€150,143 | €404,511 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 46 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 18-05-2026 | 2026-00114642 |
| 31-12-2024 | abbreviated format | 02-06-2025 | 2025-00119493 |
| 31-12-2023 | abbreviated format | 05-03-2024 | 2024-00039958 |
| 31-12-2022 | abbreviated format | 08-06-2023 | 2023-00120706 |
| 31-12-2021 | abbreviated format | 23-06-2022 | 2022-20128420 |
| 31-12-2020 | abbreviated format | 11-06-2021 | 2021-19200125 |
| 31-12-2019 | abbreviated format | 26-06-2020 | 2020-23500402 |
| 31-12-2018 | abbreviated format | 27-05-2019 | 2019-14400562 |
| 31-12-2017 | abbreviated format | 25-05-2018 | 2018-13900411 |
| 31-12-2016 | abbreviated format | 28-06-2017 | 2017-22500563 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2024 · 5 entries · €7,230 awarded · €7,230 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €196 | €196 |
| 2023 | 2 | €2,187 | €2,187 |
| 2022 | 2 | €4,847 | €4,847 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Davide FELICISSIMO |
|
| Michel BOURASSA |
|
| Erik MOONS |
|
Owners and capital
Owners
2 ownersChain of control
- Manus Software and Services HoldingNL
- DOLIAT
- SERVICO
Highest known parent: Manus Software and Services Holding (Netherlands). The sources do not say who stands above it.
Owners 2
- DOLIATparent81.71%
- Manus Software and Services HoldingNLconsolidating parentconsolidates
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- Erik Moons 486 shares · 17.6%
- David Moons 22 shares · 0.8%
- BV DOLIAT 2,247 shares · 81.6%
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
Acquisitions and mergers
1 transactionHistory
Acts, filings and financial milestones
22-03
Gazette deed
Resignation: Erik MOONS (director)Permanent representative: David MOONS · Appointments: Davide FELICISSIMO (director) and Michel BOURASSA (director) · Director discharge8 facts ▸
- General meeting, 29-02-2024
- Director resignation, Erik MOONS (director)
- Director discharge, Erik MOONS
- Director discharge, DOLIAT BV
- Permanent representative, David MOONS
- Director appointment, Davide FELICISSIMO (director)
- Director appointment, Michel BOURASSA (director)
- Other provision, “niet-toepasselijkheid artikel 6.3(toekomstige)nieuw Burgerlijk Wetboek, voor zover rechtens mogelijk” (deed in Dutch)
04-03
Gazette deed
RestructuringDemerger · Accounting effect · Incorporation10 facts ▸
- Demerger, “partiële splitsing door overdracht van deel van het vermogen, modaliteiten en voorwaarden als bepaald in het splitsingsvoorstel” (deed in Dutch)
- Accounting effect, 01-10-2023
- Other provision, “beschrijving splitsingsvermogen en kapitaalvorming, inbreng in natura van deel gesplitste vermogen” (deed in Dutch)
- Other provision, “overeenkomstig het Splitsingsvoorstel, ruilverhouding en toebedeling nieuwe aandelen” (deed in Dutch)
- Incorporation, “GAVID” (deed in Dutch)
- Other provision, “vaststelling totstandkoming Splitsing” (deed in Dutch)
- Other provision, “benoeming bestuurders Nieuwe Vennootschap” (deed in Dutch)
- Other provision, “adres werkelijke zetel Nieuwe Vennootschap” (deed in Dutch)
- Other provision, “tijdelijke bepalingen Nieuwe Vennootschap” (deed in Dutch)
- Power of attorney, Jan VERRETH
08-01
Gazette deed
RestructuringDemerger · Shareholding · Accounting effect21 facts ▸
- Demerger, “partiële splitsing door oprichting”, EUR (deed in Dutch)
- Shareholding, “op heden”, 486 (deed in Dutch)
- Shareholding, “op heden”, 22 (deed in Dutch)
- Shareholding, “op heden”, 2247 (deed in Dutch)
- Shareholding, 486, 17.64
- Shareholding, 22, 0.8
- Other provision, “bestuursorgaan van nieuwe vennootschap BV GAVID, wijze van uitreiking aandelen nieuwe vennootschap” (deed in Dutch)
- Other provision, “winstgerechtigdheid nieuw uitgegeven aandelen, winst uit handelingen gesteld door BV SERVICO vanaf 2023-10-01 met betrekking tot over te dragen vermogensbestand…” (deed in Dutch)
- Accounting effect, 01-10-2023
- Other provision, “rechten bijzondere rechthebbenden en houders andere effecten” (deed in Dutch)
- Other provision, “afstand verslag bestuursorgaan, uitdrukkelijke stemming in algemene vergadering die over deelneming moet besluiten” (deed in Dutch)
- Other provision, “afstand controleverslag en bezoldiging, commissaris,bedrijfsrevisor of externe accountant” (deed in Dutch)
- +9 further facts in this act
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12029A0609/00R000 | Flanders | 3,452 m² | 1 · 293 m² | 8.3 m · 2 |
How the parcels are linked
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “De commerciële uitbating van computersystemen met alle verrichtingen die daarop betrekking hebben, zoals: advies verlenen, kopen, verkopen…” (deed in Dutch)
4 activities (deed in Dutch)
- De commerciële uitbating van computersystemen met alle verrichtingen die daarop betrekking hebben, zoals: advies verlenen, kopen, verkopen, huren, verhuren, leasing, installatie van computers, randapparatuur, software, benodigdheden, enzovoort.
- Deze opsomming is niet limitatief en omvat eveneens de behandeling van nieuwe technologieën die in dit verband kunnen ontwikkeld worden;
- Alsmede alle industriële, handels-, en financiële, roerende en onroerende verrichtingen, die zich rechtstreeks of onrechtstreeks bij dit doel aansluiten of er de uitbreiding van kunnen bevorderen.
- De vennootschap is gerechtigd betreffende allerhande roerende en onroerende goederen, materieel en installaties, aankopen te doen, huurcelen af te sluiten, te bouwen, te verkopen of te ruilen.
Read from the deeds: 1 provision, deed of 08-01-2024