SERVIMED
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 11 days after the deadline Filed on 11 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00392424.
Annual accounts 2025 filed on 11-08-2026 at the NBB all 15 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €4,731, larger than the loss of €4,634 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Publishing activities (NACE 58). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital and return on assets (ROA).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Gross operating margin9900 | -€2,276 | -€5,590 | -€11,399 | -€15,286 | -€2,627 | -€5,744 | -€4,634 | -€4,731 | ▼ 2.1% |
| Operating profit (loss)9901 | -€2,276 | -€5,590 | -€11,399 | -€15,286 | -€2,627 | -€5,744 | -€4,634 | -€4,731 | ▼ 2.1% |
| Profit (loss) for the period before taxes9903 | -€2,276 | -€5,590 | -€11,399 | -€15,286 | -€2,627 | -€5,744 | -€4,634 | -€4,731 | ▼ 2.1% |
| Profit (loss) for the period9904 | -€2,276 | -€5,590 | -€11,399 | -€15,286 | -€2,627 | -€5,744 | -€4,634 | -€4,731 | ▼ 2.1% |
| Profit (loss) for the period to be appropriated9905 | -€2,276 | -€5,590 | -€11,399 | -€15,286 | -€2,627 | -€5,744 | -€4,634 | -€4,731 | ▼ 2.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4,914 | €5,197 | €5,080 | €1,071 | €1,238 | €6,393 | €1,143 | €4,718 | ▲ 313% |
| Formation expenses20 | - | - | - | €0 | €0 | €0 | €0 | - | - |
| Fixed assets21/28 | - | - | - | €0 | - | - | - | - | - |
| Current assets29/58 | €4,914 | €5,197 | €5,080 | €1,071 | €1,238 | €6,393 | €1,143 | €4,718 | ▲ 313% |
| Amounts receivable after more than one year29 | - | - | - | €0 | - | - | - | €4,249 | - |
| Trade receivables290 | - | - | - | - | - | - | - | €4,249 | - |
| Stocks and contracts in progress3 | - | - | - | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €3,812 | €4,270 | €3,875 | €0 | €587 | €6,085 | €0 | - | - |
| Trade receivables40 | - | - | - | €0 | €587 | €6,085 | €0 | - | - |
| Current investments50/53 | - | - | - | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1,102 | €927 | €881 | €646 | €534 | €308 | €864 | €469 | ▼ 45.7% |
| Deferred charges and accrued income490/1 | - | - | - | €425 | €117 | €0 | €279 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4,914 | €5,197 | €5,080 | €1,071 | €1,238 | €6,393 | €1,143 | €4,718 | ▲ 313% |
| Equity10/15 | -€65,591 | -€71,181 | -€82,580 | -€97,866 | -€100,493 | -€106,237 | -€110,871 | -€115,602 | ▼ 4.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€84,191 | -€89,781 | -€101,180 | -€116,466 | -€119,093 | -€124,837 | -€129,471 | -€134,202 | ▼ 3.7% |
| Amounts payable17/49 | €70,505 | €76,378 | €87,660 | €98,937 | €101,731 | €112,630 | €112,014 | €120,320 | ▲ 7.4% |
| Amounts payable after more than one year17 | €69,888 | €75,923 | €87,660 | €98,937 | €101,731 | €112,334 | €112,014 | €120,116 | ▲ 7.2% |
| Financial debts170/4 | - | - | - | €98,937 | €101,731 | €110,944 | €112,014 | €120,116 | ▲ 7.2% |
| Other amounts payable178/9 | - | - | - | - | - | €1,390 | - | - | - |
| Amounts payable within one year42/48 | - | - | - | - | - | €296 | - | €204 | - |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | - | €204 | - |
| Other amounts payable47/48 | - | - | - | - | - | €296 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,276 | -€5,590 | -€11,399 | -€15,286 | -€2,627 | -€5,744 | -€4,634 | -€4,731 | ▼ 2.1% |
| Operating cash flow (approximation) | -€2,276 | -€5,590 | -€11,399 | -€15,286 | -€2,627 | -€5,744 | -€4,634 | -€4,731 | ▼ 2.1% |
| Change in cash | - | -€175 | -€46 | -€235 | -€112 | -€226 | €556 | -€395 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as SERVIMED has now. Two years later, 4.5% had gone bankrupt and 84.5% were still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SERVIMED itself is lower: 0.6% within 12 months. It rests on far more data about SERVIMED than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for SERVIMED. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 11-08-2026 | 2026-00392424 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00403793 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00374561 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00295915 | |
| 31-12-2021 | micro format | 31-07-2022 | 2022-20252592 | |
| 31-12-2020 | micro format | 25-08-2021 | 2021-52600210 | |
| 31-12-2019 | micro format | 21-09-2020 | 2020-54000568 | |
| 31-12-2018 | micro format | 22-07-2019 | 2019-35700558 | |
| 31-12-2017 | micro format | 13-07-2018 | 2018-32100176 | |
| 31-12-2016 | micro format | 21-09-2017 | 2017-61700161 |