Result
From profit to loss in 2025, after a profit of €41.8m in 2024.
From profit to loss in 2025, after a profit of €41.8m in 2024.
SERVINT pays its suppliers 35 days earlier than in 2024.
The last five annual accounts were filed 38 to 54 days before the end of the period.
In July 2024, 150 companies had the same profile as SERVINT has now. Each dot is one company, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 150 companies, not a prediction for SERVINT. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
SERVINT has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134.5m and a net result of -€2.8m.
Equity grew by about 9.8% per year on average since 2018. In 2025 it fell by 2.1%.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover not included in this filing.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
134.6m | 138.6m | 95.6m | 86.0m | 83.4m | 77.0m | 78.1m | 70.1m | 80.5m | 75.5m | 68.8m | 69.5m | 66.5m | 72.6m | 67.6m | 67.3m | 66.0m | 64.6m | 63.1m | 61.1m | |
21/28 |
- | - | - | - | - | - | - | - | - | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | |
28 |
- | - | - | - | - | - | - | - | - | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | 5.0m | |
29/58 |
134.6m | 138.6m | 95.6m | 86.0m | 83.4m | 77.0m | 78.1m | 70.1m | 80.5m | 70.4m | 63.8m | 64.5m | 61.4m | 67.6m | 62.6m | 62.2m | 61.0m | 59.6m | 58.1m | 56.0m | |
3 |
0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
1.1m | 119,249 | 351,506 | 575,538 | 246,603 | 361,417 | 14,933 | 13,656 | 6.5m | - | - | 40,701 | 33,642 | 33,789 | 60,944 | 84,736 | 57,581 | 557,023 | 280,502 | 187,692 | |
41 |
1.1m | 119,249 | 351,506 | 575,538 | 246,603 | 361,417 | 14,933 | 13,656 | 6.5m | - | - | 40,701 | 33,642 | 33,789 | 60,944 | 84,736 | 57,581 | 557,023 | 280,502 | 187,692 | |
50/53 |
50.7m | 138.0m | 91.6m | 77.8m | 75.2m | 72.7m | 69.3m | 68.0m | 71.8m | 56.4m | 62.0m | 61.1m | 54.8m | 49.9m | 59.5m | 41.3m | 39.2m | 35.8m | 28.1m | 21.0m | |
51/53 |
50.7m | 138.0m | 91.6m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
82.8m | 111,762 | 3.6m | 7.5m | 8.0m | 3.9m | 8.7m | 2.1m | 2.2m | 14.0m | 1.8m | 3.4m | 6.1m | 17.0m | 2.4m | 20.1m | 21.1m | 22.9m | 29.6m | 34.6m | |
490/1 |
5,546 | 445,502 | 5,042 | 119,174 | 4,274 | 247 | 15,356 | 3,992 | 4,325 | 7,442 | 6,303 | 833 | 486,075 | 597,351 | 620,710 | 767,312 | 621,068 | 280,817 | 163,247 | 255,788 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
134.6m | 138.6m | 95.6m | 86.0m | 83.4m | 77.0m | 78.1m | 70.1m | 80.5m | 75.5m | 68.8m | 69.5m | 66.5m | 72.6m | 67.6m | 67.3m | 66.0m | 64.6m | 63.1m | 61.1m | |
10/15 |
134.5m | 137.3m | 95.6m | 86.0m | 83.4m | 77.0m | 77.9m | 69.9m | 80.4m | 69.4m | 64.2m | 66.9m | 65.9m | 72.1m | 67.6m | 67.3m | 66.0m | 64.6m | 63.1m | 61.1m | |
10/11 |
7.3m | 7.3m | 7.3m | 7.3m | 7.3m | 7.3m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | |
100 |
- | - | - | - | - | - | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | |
11 |
- | - | - | - | - | - | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | |
1100/10 |
- | - | - | - | - | - | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | 87,559 | |
12 |
- | - | - | - | - | - | - | - | - | 2.0m | 2.0m | 2.0m | 2.0m | 2.0m | 2.0m | 2.0m | 2.0m | 2.0m | 2.0m | 2.0m | |
13 |
- | - | - | - | - | 11.3m | 12.2m | 12.3m | 22.8m | 22.9m | 23.1m | 25.9m | 26.1m | 26.4m | 26.6m | 26.6m | 26.6m | 26.6m | 26.6m | 26.6m | |
130 |
- | - | - | - | - | - | 717,796 | 717,796 | 717,796 | 717,796 | 717,796 | 717,796 | 717,796 | 717,796 | 717,796 | 717,796 | 717,796 | 717,796 | 717,796 | 717,796 | |
133 |
- | - | - | - | - | 11.3m | 11.4m | 11.5m | 22.1m | 22.2m | 22.4m | 25.2m | 25.4m | 25.7m | 25.9m | 25.9m | 25.9m | 25.9m | 25.9m | 25.9m | |
14 |
127.2m | 130.1m | 88.3m | 78.8m | 76.2m | 58.4m | 58.4m | 50.4m | 50.4m | 37.2m | 31.7m | 31.7m | 30.5m | 36.4m | 31.7m | 31.3m | 30.1m | 28.7m | 27.2m | 25.1m | |
17/49 |
131,036 | 1.3m | 14,288 | 3,788 | 8,104 | 1,160 | 203,713 | 156,393 | 103,615 | 6.1m | 4.7m | 2.6m | 528,536 | 512,875 | 2,298 | 4,734 | 3,568 | 4,911 | 3,393 | 2,708 | |
42/48 |
80,736 | 275,094 | 14,054 | 3,630 | 8,104 | 355 | 103,552 | 105,786 | 103,615 | 2.2m | 314,998 | 253,906 | 510,365 | 262,900 | 2,298 | 4,734 | 3,568 | 4,911 | 3,393 | 2,708 | |
43 |
0 | 148,197 | - | - | - | - | - | - | - | 2.0m | - | - | - | - | - | - | - | - | - | - | |
430/8 |
0 | 148,197 | - | - | - | - | - | - | - | 2.0m | - | - | - | - | - | - | - | - | - | - | |
44 |
80,736 | 119,171 | 6,327 | 3,630 | 2,105 | 355 | 3,552 | 5,786 | 3,615 | 9,423 | 64,998 | 3,906 | 4,643 | 7,178 | 2,298 | 4,734 | 3,568 | 4,911 | 3,393 | 2,708 | |
440/4 |
80,736 | 119,171 | 6,327 | 3,630 | 2,105 | 355 | 3,552 | 5,786 | 3,615 | 9,423 | 64,998 | 3,906 | 4,643 | 7,178 | 2,298 | 4,734 | 3,568 | 4,911 | 3,393 | 2,708 | |
45 |
0 | 7,727 | 7,727 | - | - | - | - | - | - | - | - | - | 255,722 | 255,722 | - | - | - | - | - | - | |
450/3 |
0 | 7,727 | 7,727 | - | - | - | - | - | - | - | - | - | 255,722 | 255,722 | - | - | - | - | - | - | |
47/48 |
- | - | - | 0 | 6,000 | - | 100,000 | 100,000 | 100,000 | 250,000 | 250,000 | 250,000 | 250,000 | - | - | - | - | - | - | - | |
492/3 |
50,301 | 1.0m | 234 | 158 | - | 805 | 100,161 | 50,607 | - | 3.9m | 4.3m | 2.3m | 18,171 | 249,975 | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | 4.8m | - | - | - | - | - | - | - | - | - | - | 23.0m | |
9900 |
- | - | - | -46,769 | -51,679 | -56,472 | -43,312 | -45,191 | -56,393 | -67,952 | -213,168 | -260,017 | -73,451 | -48,934 | -38,846 | -35,805 | -31,753 | -32,369 | -30,107 | -225,045 | |
60/66A |
363,816 | 549,017 | 161,098 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
61 |
310,132 | 334,815 | 52,364 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
53,684 | 214,202 | 108,734 | 85,545 | 123,652 | 977 | 1,035 | 1,033 | 1,031 | 1,031 | 1,030 | 1,029 | 4,133 | 1,053 | 1,036 | 1,036 | 1,032 | 1,024 | 1,022 | 935 | |
9901 |
-363,816 | -549,017 | -161,098 | -132,314 | -175,332 | -57,449 | -44,347 | -46,224 | -57,424 | -68,983 | -214,198 | -261,046 | -77,583 | -49,987 | -39,881 | -36,841 | -32,785 | -33,393 | -31,129 | -225,980 | |
75/76B |
7.5m | 46.9m | 12.8m | 10.5m | 23.6m | 3.4m | 3.3m | 125,322 | 14.3m | 4.3m | 2.5m | 2.9m | 2.6m | 4.8m | 2.3m | 1.3m | 1.2m | 2.4m | 2.1m | 1.7m | |
75 |
7.5m | 46.9m | 12.8m | 10.5m | 23.6m | 3.4m | 3.3m | 125,322 | 9.5m | 4.3m | 2.5m | 2.9m | 2.6m | 4.8m | 2.3m | 1.3m | 1.2m | 2.4m | 2.1m | 1.7m | |
751 |
4.4m | 1.5m | 2.6m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
752/9 |
3.1m | 45.4m | 10.2m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
76B |
- | - | - | - | - | - | - | - | 4.8m | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
9.9m | 3.3m | 1.3m | 7.5m | 153,489 | 4.1m | -4.9m | 3.9m | 763,771 | -1.3m | 4.7m | 1.3m | 8.3m | -279,450 | 1.9m | 33,165 | -258,712 | 833,753 | 79,541 | 270,390 | |
65 |
9.9m | 3.3m | 1.3m | 7.5m | 153,489 | 4.1m | -4.9m | 3.9m | 763,771 | -1.3m | 4.7m | 1.3m | 8.3m | -279,450 | 1.9m | 33,165 | -258,712 | 833,753 | 79,541 | 270,390 | |
650 |
898 | 236 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
651 |
-2.1m | -444,996 | -1.8m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
652/9 |
12.0m | 3.8m | 3.1m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-2.7m | 43.1m | 11.4m | 2.8m | 23.2m | -740,930 | 8.1m | -3.8m | 13.5m | 5.5m | -2.4m | 1.3m | -5.8m | 5.0m | 350,292 | 1.2m | 1.4m | 1.5m | 2.0m | 24.2m | |
67/77 |
81,634 | 1.3m | 1.8m | 182,230 | 1.7m | 134,730 | 80,000 | -8,578 | 270,349 | 45,388 | 51,341 | 74,982 | 68,979 | 303,173 | 10,892 | - | - | - | - | - | |
670/3 |
81,634 | 1.3m | 1.8m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
77 |
- | 0 | 3,080 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9904 |
-2.8m | 41.8m | 9.5m | 2.6m | 21.6m | -875,660 | 8.1m | -3.8m | 13.2m | 5.5m | -2.5m | 1.2m | -5.9m | 4.7m | 339,401 | 1.2m | 1.4m | 1.5m | 2.0m | 24.2m | |
9905 |
-2.8m | 41.8m | 9.5m | 2.6m | 21.6m | -875,660 | 8.1m | -3.8m | 13.2m | 5.5m | -2.5m | 1.2m | -5.9m | 4.7m | 339,401 | 1.2m | 1.4m | 1.5m | 2.0m | 24.2m | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
127.2m | 130.1m | 88.3m | 78.8m | 80.0m | 57.6m | 58.4m | 46.6m | 50.4m | 37.2m | 29.2m | 31.7m | 30.5m | 36.4m | 31.7m | 31.3m | 30.1m | 28.7m | 27.2m | 25.1m | |
14P |
130.1m | 88.3m | 78.8m | 76.2m | 58.4m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | 0 | 11.3m | 875,660 | 100,000 | 10.5m | 100,000 | 250,000 | 2.7m | 250,000 | 250,000 | 250,000 | - | - | - | - | - | - | |
694/7 |
- | - | - | 0 | 15.1m | - | 100,000 | 6.7m | 100,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | - | - | - | - | - | - | |
694 |
- | - | - | 0 | 15.1m | - | 100,000 | 6.7m | 100,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 4 older financial years, from 2002 to 2005, were filed as documents without figures as data, scans for example.
The notes to these accounts have 30 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 09-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 09-06-2026 | 2026-00146617 | |
| 31-12-2024 | full format | 23-06-2025 | 2025-00163977 | |
| 31-12-2023 | full format | 18-06-2024 | 2024-00136023 | |
| 31-12-2022 | abbreviated format | 07-06-2023 | 2023-00111042 | |
| 31-12-2021 | abbreviated format | 23-06-2022 | 2022-20084766 | |
| 31-12-2020 | abbreviated format | 06-07-2021 | 2021-30800413 | |
| 31-12-2019 | abbreviated format | 10-06-2020 | 2020-15900245 | |
| 31-12-2018 | abbreviated format | 27-06-2019 | 2019-25100402 | |
| 31-12-2017 | abbreviated format | 14-06-2018 | 2018-18000393 | |
| 31-12-2016 | abbreviated format | 15-06-2017 | 2017-17500567 | |
| 31-12-2015 | abbreviated format | 08-07-2016 | 2016-29800029 | |
| 31-12-2014 | abbreviated format | 17-06-2015 | 2015-17700376 | |
| 31-12-2013 | abbreviated format | 17-06-2014 | 2014-17700550 | |
| 31-12-2012 | abbreviated format | 19-06-2013 | 2013-18600026 | |
| 31-12-2011 | abbreviated format | 27-06-2012 | 2012-21900337 | |
| 31-12-2010 | abbreviated format | 16-06-2011 | 2011-16400101 | |
| 31-12-2009 | abbreviated format | 15-07-2010 | 2010-30600109 | |
| 31-12-2008 | abbreviated format | 26-06-2009 | 2009-28900071 | |
| 31-12-2007 | abbreviated format | 04-06-2008 | 2008-18000167 | |
| 31-12-2006 | abbreviated format | 25-06-2007 | 2007-27400120 | |
| 31-12-2005 | abbreviated format | 05-07-2006 | 2006-40001816 | |
| 31-12-2004 | abbreviated format | 30-06-2005 | 2005-39001386 | |
| 31-12-2003 | abbreviated format | 22-06-2004 | 2004-29204706 | |
| 31-12-2002 | abbreviated format | 30-06-2003 | 2003-32200211 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 82.7m | -3.5m | -3.9m | -457,264 | 4.0m | -4.8m | 6.7m | -149,418 | -11.8m | 12.2m | -1.5m | -2.7m | -11.0m | 14.6m | -17.6m | -1.1m | -1.8m | -6.7m | -5.0m | - | ||
| 134.6m | 138.4m | 95.6m | 86.0m | 83.4m | 77.0m | 78.0m | 70.0m | 80.4m | 68.2m | 63.5m | 64.2m | 60.9m | 67.3m | 62.6m | 62.2m | 61.0m | 59.6m | 58.1m | 56.0m | ||
| 99.9% | 99.1% | 100.0% | 100.0% | 100.0% | 100.0% | 99.7% | 99.8% | 99.9% | 91.9% | 93.2% | 96.3% | 99.2% | 99.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | ||
| - | - | - | - | - | - | - | - | - | 31.56 | - | - | - | - | - | - | - | - | - | - | ||
| 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.07 | 0.04 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| -2.1% | 30.4% | 10.0% | 3.0% | 25.8% | -1.1% | 10.3% | -5.4% | 16.4% | 7.9% | -3.9% | 1.8% | -8.9% | 6.5% | 0.5% | 1.8% | 2.2% | 2.3% | 3.2% | 39.6% | ||
| -2.1% | 30.1% | 10.0% | 3.0% | 25.8% | -1.1% | 10.3% | -5.4% | 16.4% | 7.2% | -3.6% | 1.8% | -8.9% | 6.5% | 0.5% | 1.8% | 2.2% | 2.3% | 3.2% | 39.6% | ||
| 95 days | 130 days | 44 days | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin not included in this filing.
A ratio outside any meaningful range has been withheld (balance sheet total €134.6m, equity €134.5m).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The auditor is .
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | €6,353 | €5,555 | €5,348 | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
The operating result for 2025 is a loss of €363,816, smaller than the loss of €549,017 in 2024.
Debt's share of the balance-sheet total falls from 0.9% to 0.1%. Equity and debt are lower.
Source: list of holdings in its own 2016 accounts. The amounts are in that list and come from the holdings' accounts at 30-06-2016, in their own currency.
| HORISON
registered office since 04-09-2014 · founded in 2014 |
2.7 FTE (2025) 0561.801.432 |
| LIEVENS INVEST GROUP
registered office since 01-10-1985 · founded in 1985 |
total assets €1.8m (2025) 0427.718.629 |
| LUDO LIEVENS
registered office since 29-03-2021 · founded in 2021 |
total assets €1.6m (2025) 0765.799.360 |
| LIEVENS & Co CONSULTING
establishment since 01-05-2004 · founded in 1992 |
6.3 FTE (2025) 0447.254.429 |
| LIEVENS Accountancy Services
registered office since 09-03-1993 · founded in 1993 |
9.7 FTE (2025) 0449.630.533 |
| WM47
registered office since 17-07-2024 · founded in 2024 |
total assets €849,586 (2025) 1011.665.557 |
| Groep LVNS
registered office since 01-10-2024 |
founded in 2024 1013.138.967 |
| LVNS NXT
registered office since 19-04-2024 |
founded in 2024 1008.576.702 |
| JUFRE
registered office since 17-05-2020 |
founded in 2020 0752.902.617 |
| Miles for Smiles
registered office since 05-12-2018 |
founded in 2018 0715.678.569 |
| Name | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 100% | |||||||||||
Source: list of holdings in its own accounts
The 2026 accounts are due by 31-07-2027.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Start date | Unit number |
|---|---|---|
| Wittemolenstraat 47 registered office 8200 Bruges 64210 Activities of holding companies | 28-01-2002 | 2.101.510.641 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31030A0340/00Z003 | 2,168 m² | 1 · 335 m² | 11.7 m · 3 |
If something looks wrong or is missing, please tell us.