SERVING
ActiveSummary
SERVING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €56,890 and a net result of €10,278. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activity not known1 site
Size
€937,976total assets 2025
- Equity
- €56,890
- Profit
- €10,278
Turnover not published (abbreviated or micro format)
Structure
Accounts filed 31 days late0 of 5 deeds read
Signalslowers riskGrowing equityneutralA punctual record breaksShow the evidence
Checked score
Score 2025
52
/ 100
Fair▼ -4 vs 2024
Without a bankruptcy probability: score from the figures alone
Financial strength · tick = 2024
Average
Solvency
31-2
equity 6.1% of total assets
Liquidity
55+4
short-term debt 3.8% · cash 4.1%
Profitability
70-2
return on assets 1.1%
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity ample (current ratio 17.4, compared with 31.16 in 2024; short-term debt: 3.8% and cash: 4.1% of total assets), but 93.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Two signals.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €56,890
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are in a legal situation other than normal, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
71 days early
2023
8 days early
2022
39 days early
2021
16 days early
2020
12 days early
2019
45 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 10 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 July (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · micro…
- Highest result from 2018 to 2025net €16,840 ▲87.8%
Financials · financial year 2025, abbreviated format
Equity
€56,890▲ 22.1%
2024 · €46,612
Total assets
€937,976▲ 54.8%
2024 · €605,985
Net result
€10,278▼ 39.0%
2024 · €16,840
Working capital
€591,857▲ 109%
2024 · €282,741
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 39% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€10,383
2025
Net result€10,278
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€937,976
2025
Equity€56,890
2025
Debt€881,087
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€591,857
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€60,541--€59,500▲ 1.7%-€27,890▲ 53.1%-€14,839▲ 46.8%€3,178€9,062▲ 185%€16,943▲ 87.0%€10,383▼ 38.7%
Net result-€82,315--€81,223▲ 1.3%-€39,543▲ 51.3%-€26,524▲ 32.9%-€8,509▲ 67.9%€8,969€16,840▲ 87.8%€10,278▼ 39.0%
Equity€176,602-€95,379▼ 46.0%€55,836▼ 41.5%€29,312▼ 47.5%€20,803▼ 29.0%€29,771▲ 43.1%€46,612▲ 56.6%€56,890▲ 22.1%
Total assets€500,644-€421,151▼ 15.9%€349,514▼ 17.0%€323,543▼ 7.4%€354,297▲ 9.5%€607,941▲ 71.6%€605,985▼ 0.3%€937,976▲ 54.8%
Debt€324,042-€325,772▲ 0.5%€293,678▼ 9.9%€294,232▲ 0.2%€333,495▲ 13.3%€578,169▲ 73.4%€559,374▼ 3.3%€881,087▲ 57.5%
Working capital-€3,404--€15,158▼ 345%-€7,493▲ 50.6%-€7,294▲ 2.7%-€6,210▲ 14.9%€260,833€282,741▲ 8.4%€591,857▲ 109%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €937,976
Fixed assets
€310,033 ▼ 1.2%
Current assets
€627,944 ▲ 115%
Equity and liabilities €937,976
Equity
€56,890 ▲ 22.1%
Debt
€881,087 ▲ 57.5%
Debt's share of the balance-sheet total rises from 92.3% to 93.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,221▼
2024 · €22,010
Cash flow
€14,116▼
2024 · €21,907
Current ratio
17.40▼
2024 · 31.16
Quick ratio
1.11▲
2024 · 1.05
Debt to equity
15.49▲
2024 · 12.00
ROE
18.1%▼
2024 · 36.1%
ROA
1.1%▼
2024 · 2.8%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€36,087▲
2024 · €9,374
Debt > 1 year
€845,000▲
2024 · €550,000
Income taxes
€75▲
2024 · €74
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68,966 | €68,868 | €68,868 | €26,723 | €9,593 | €12,266 | €5,067 | €3,838 | ▼ 24.3% |
| Other operating charges640/8 | - | - | - | €4,022 | €3,969 | €4,510 | €4,676 | €4,996 | ▲ 6.9% |
| Gross operating margin9900 | €12,495 | €13,766 | €44,861 | €15,906 | €16,740 | €25,839 | €26,686 | €19,218 | ▼ 28.0% |
| Operating profit (loss)9901 | -€60,541 | -€59,500 | -€27,890 | -€14,839 | €3,178 | €9,062 | €16,943 | €10,383 | ▼ 38.7% |
| Financial income75/76B | - | - | - | €0 | - | - | - | - | - |
| Recurring financial income75 | - | €0 | €0 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €11,623 | €11,624 | €24 | €29 | €30 | ▲ 5.3% |
| Recurring financial charges65 | €21,675 | €21,679 | €11,592 | €11,623 | €11,624 | €24 | €29 | €30 | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | -€82,216 | -€81,178 | -€39,481 | -€26,462 | -€8,446 | €9,038 | €16,914 | €10,353 | ▼ 38.8% |
| Income taxes67/77 | €99 | €45 | €62 | €62 | €64 | €70 | €74 | €75 | ▲ 1.0% |
| Profit (loss) for the period9904 | -€82,315 | -€81,223 | -€39,543 | -€26,524 | -€8,509 | €8,969 | €16,840 | €10,278 | ▼ 39.0% |
| Profit (loss) for the period to be appropriated9905 | -€82,315 | -€81,223 | -€39,543 | -€26,524 | -€8,509 | €8,969 | €16,840 | €10,278 | ▼ 39.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €500,644 | €421,151 | €349,514 | €323,543 | €354,297 | €607,941 | €605,985 | €937,976 | ▲ 54.8% |
| Fixed assets21/28 | €486,666 | €417,197 | €348,329 | €321,606 | €312,013 | €318,938 | €313,871 | €310,033 | ▼ 1.2% |
| Intangible fixed assets21 | €600 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €486,066 | €417,197 | €348,329 | €321,606 | €312,013 | €318,938 | €313,871 | €310,033 | ▼ 1.2% |
| Land and buildings22 | - | - | - | €321,606 | €312,013 | €318,938 | €313,871 | €310,033 | ▼ 1.2% |
| Other tangible fixed assets26 | - | - | - | €0 | - | - | - | - | - |
| Current assets29/58 | €13,979 | €3,953 | €1,185 | €1,937 | €42,285 | €289,003 | €292,114 | €627,944 | ▲ 115% |
| Stocks and contracts in progress3 | - | - | - | - | - | €282,302 | €282,302 | €587,782 | ▲ 108% |
| Stocks30/36 | - | - | - | - | - | €282,302 | €282,302 | €587,782 | ▲ 108% |
| Amounts receivable within one year40/41 | €18 | €18 | - | - | €35,250 | €575 | €189 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | - | €35,250 | €575 | €189 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €13,960 | €3,935 | €1,185 | €490 | €5,693 | €4,636 | €6,649 | €38,817 | ▲ 484% |
| Deferred charges and accrued income490/1 | - | - | - | €1,447 | €1,341 | €1,489 | €2,974 | €1,344 | ▼ 54.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €500,644 | €421,151 | €349,514 | €323,543 | €354,297 | €607,941 | €605,985 | €937,976 | ▲ 54.8% |
| Equity10/15 | €176,602 | €95,379 | €55,836 | €29,312 | €20,803 | €29,771 | €46,612 | €56,890 | ▲ 22.1% |
| Contributions10/11 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Capital10 | - | - | - | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Issued capital100 | - | - | - | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Reserves13 | €46,500 | €46,500 | €46,500 | €46,500 | €46,500 | €46,500 | €46,500 | €46,500 | = |
| Non-distributable reserves130/1 | - | - | - | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Legal reserve130 | - | - | - | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Profit (loss) carried forward14 | €65,102 | -€16,121 | -€55,664 | -€82,188 | -€90,697 | -€81,729 | -€64,888 | -€54,610 | ▲ 15.8% |
| Amounts payable17/49 | €324,042 | €325,772 | €293,678 | €294,232 | €333,495 | €578,169 | €559,374 | €881,087 | ▲ 57.5% |
| Amounts payable after more than one year17 | €285,000 | €285,000 | €285,000 | €285,000 | €285,000 | €550,000 | €550,000 | €845,000 | ▲ 53.6% |
| Other amounts payable178/9 | - | - | - | €285,000 | €285,000 | €550,000 | €550,000 | €845,000 | ▲ 53.6% |
| Amounts payable within one year42/48 | €17,382 | €19,112 | €8,678 | €9,232 | €48,495 | €28,169 | €9,374 | €36,087 | ▲ 285% |
| Trade debts44 | - | - | - | €111 | €0 | €350 | €126 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €111 | €0 | €350 | €126 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €3,542 | €3,606 | €70 | €169 | €149 | ▼ 11.6% |
| Taxes450/3 | - | - | - | €3,542 | €3,606 | €70 | €169 | €149 | ▼ 11.6% |
| Other amounts payable47/48 | - | - | - | €5,578 | €44,889 | €27,749 | €9,079 | €35,938 | ▲ 296% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€82,315 | -€81,223 | -€39,543 | -€26,524 | -€8,509 | €8,969 | €16,840 | €10,278 | ▼ 39.0% |
| + Depreciation and write-downs630 | €68,966 | €68,868 | €68,868 | €26,723 | €9,593 | €12,266 | €5,067 | €3,838 | ▼ 24.3% |
| Operating cash flow (approximation) | -€13,349 | -€12,355 | €29,325 | €199 | €1,084 | €21,235 | €21,907 | €14,116 | ▼ 35.6% |
| Investment in fixed assets (approximation) | - | €600 | €0 | €0 | €0 | -€19,191 | €0 | €0 | - |
| Change in cash | - | -€10,025 | -€2,750 | -€695 | €5,203 | -€1,057 | €2,013 | €32,168 | ▲ 1,498% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Public contracts: not fully processed yet. The notices from October 2018 to September 2026 are still being read.
Directors
Directors
No directors read yet: 0 of 5 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format · 31 days late
2025
21-05
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
31-12
Financial
Highest result from 2018 to 2025net €16,840 ▲87.8%
Operating result €16,943, net result €16,840, both a record.
31-12
Financial
Liquidity triplescurrent ratio 31.16
Current ratio from 10.26 to 31.16; short-term debt falls from €28,169 to €9,374.
23-07
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
31-12
Financial
Back to profitnet €8,969
Net result €8,969 after 5 loss-making years.
31-12
Financial
Liquidity more than 11 timescurrent ratio 10.26
Current ratio from 0.87 to 10.26; short-term debt falls from €48,495 to €28,169.
22-06
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
15-07
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
19-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
14-09
NBB filing
Annual accounts filed
financial year 2019 · micro format · 45 days late
2019
29-08
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format · 29 days late
2018
28-06
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
2017
03-07
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 35 annual accounts filed, the latest 10 are here; all are under Financials.
0 of 5 deeds read
About the unread acts
We know of 5 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPublic limited company
Founded07-03-1991
Financial year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0443494193
Also
9925:BE0443494193
Registered
07-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 10 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 1991
Ground area
649 m²
Building footprint
130 m²
Building volume
681 m³
Parcel 31336B0425/00C000, Flanders · tallest building 8.3 m. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
SERVING NV
since 1991unit no. 2.052.209.006
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31336B0425/00C000 | Flanders | 649 m² | 1 · 130 m² | 8.3 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.