Servio
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 10-05-2026 PDF all 20 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€309,721▼ 51.1%
2024 · -€204,997
Working capital
€4.7m▼ 6.2%
2024 · €5.0m
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€378,655
▼ 20.1%
2025
20182025
Net result
-€309,721
▼ 51.1%
2025
20182025
Equity
€6.2m
▼ 4.8%
2025
20182025
Total assets
€6.2m
▼ 4.8%
2025
20182025
Debt
€815
▲ 17.0%
2025
20182025
Working capital
€4.7m
▼ 6.2%
2025
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.5m--€0.3m▲ 47.1%-€0.4m▼ 58.4%-€0.1m▲ 68.2%-€0.4m▼ 202%-€0.4m▲ 6.1%-€0.3m▲ 18.6%-€0.4m▼ 20.1%
Net result-€0.4m--€0.06m▲ 86.5%-€0.4m▼ 601%-€0.04m▲ 89.3%-€0.4m▼ 712%-€0.1m▲ 62.3%-€0.2m▼ 51.3%-€0.3m▼ 51.1%
Equity€7.7m-€7.6m▼ 0.8%€7.2m▼ 5.4%€7.2m▼ 0.6%€6.8m▼ 5.0%€6.7m▼ 2.0%€6.5m▼ 3.0%€6.2m▼ 4.8%
Total assets€7.7m-€7.6m▼ 0.7%€7.2m▼ 5.4%€7.2m▼ 0.6%€6.8m▼ 5.0%€6.7m▼ 2.0%€6.5m▼ 3.0%€6.2m▼ 4.8%
Debt€0.003m-€0.005m▲ 76.4%€0.002m▼ 66.1%€0.005m▲ 236%€0.003m▼ 45.3%€0.002m▼ 42.3%€0.001m▼ 58.7%€0.001m▲ 17.0%
Working capital€6.3m-€6.3m▼ 0.9%€5.8m▼ 8.5%€5.7m▼ 0.8%€5.4m▼ 6.3%€5.2m▼ 2.5%€5.0m▼ 3.8%€4.7m▼ 6.2%
Staff (FTE)0.1-
The operating result for 2025 is a loss of €378,655, larger than the loss of €315,276 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.2m
Fixed assets
€1.5m =
Current assets
€4.7m ▼ 6.2%
Equity and liabilities €6.2m
Equity
€6.2m ▼ 4.8%
Debt
€815 ▲ 17.0%
Debt's share of the balance-sheet total stays at 0.0%.
Key figures and ratios
EBITDA
-€378,217▼
2024 · -€314,838
Cash flow
-€309,283▼
2024 · -€204,560
Debt to equity
0.00▲
2024 · 0.00
ROE
-5.0%▼
2024 · -3.2%
ROA
-5.0%▼
2024 · -3.2%
Interest coverage
-72.85▼
2024 · 9.01
Debt ≤ 1 year
€815▲
2024 · €696
A ratio outside any meaningful range has been withheld (balance sheet total €6.2m, equity €6.2m).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,335 | - | - | - | - |
| Financial fixed assets | €500 | €702 | €390 | €4 | €1,056 |
| Depreciation and write-downs of the year | €922 | €438 | €438 | €438 | €438 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Membership fees, donations, legacies and grants73 | €17,176 | - | - | €239,858 | €95 | €29,384 | €18,136 | - | - |
| Non-recurring operating income76A | - | - | - | - | - | €2,851 | €8 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €63,825 | - | - | €68,287 | €67,939 | €62,789 | €52,458 | - | - |
| Remuneration, social security and pensions62 | €4,164 | - | - | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,512 | €982 | €689 | €922 | €438 | €438 | €438 | €438 | = |
| Other operating charges640/8 | €468,221 | - | - | €307,842 | €312,593 | €367,341 | €295,064 | €340,978 | ▲ 15.6% |
| Non-recurring operating charges66A | - | - | - | - | €32,722 | - | - | - | - |
| Gross operating margin9900 | -€39,954 | -€42,984 | -€46,028 | €171,923 | -€66,880 | -€19,522 | -€19,774 | -€37,239 | ▼ 88.3% |
| Operating profit (loss)9901 | -€513,851 | -€271,920 | -€430,637 | -€136,841 | -€412,633 | -€387,301 | -€315,276 | -€378,655 | ▼ 20.1% |
| Financial income75/76B | - | - | - | €77,552 | €175,458 | €208,373 | €75,351 | €77,231 | ▲ 2.5% |
| Recurring financial income75 | €35,367 | €98,059 | €59,122 | €77,552 | €175,458 | €208,373 | €75,351 | €77,231 | ▲ 2.5% |
| Financial charges65/66B | - | - | - | -€15,033 | €122,198 | -€43,397 | -€34,928 | €8,297 | - |
| Recurring financial charges65 | €137,756 | -€124,333 | €41,620 | -€15,033 | €122,198 | -€43,397 | -€34,928 | €5,192 | - |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €3,106 | - |
| Profit (loss) for the period before taxes9903 | - | -€49,528 | -€411,899 | -€44,256 | -€359,373 | -€135,530 | -€204,997 | -€309,721 | ▼ 51.1% |
| Profit (loss) for the period9904 | -€436,409 | -€58,722 | -€411,899 | -€44,256 | -€359,373 | -€135,530 | -€204,997 | -€309,721 | ▼ 51.1% |
| Profit (loss) for the period to be appropriated9905 | -€436,409 | -€58,722 | -€411,899 | -€44,256 | -€359,373 | -€135,530 | -€204,997 | -€309,721 | ▼ 51.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €7.7m | €7.6m | €7.2m | €7.2m | €6.8m | €6.7m | €6.5m | €6.2m | ▼ 4.8% |
| Fixed assets21/28 | €1.3m | €1.3m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Land and buildings22 | €1.0m | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Furniture and vehicles24 | €0.003m | - | - | €0.003m | €0.002m | €0.002m | €0.002m | €0.001m | ▼ 27.3% |
| Financial fixed assets28 | €0.4m | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 0.2% |
| Current assets29/58 | €6.4m | €6.3m | €5.8m | €5.7m | €5.4m | €5.2m | €5.0m | €4.7m | ▼ 6.2% |
| Amounts receivable after more than one year29 | €0.05m | - | - | - | - | - | - | - | - |
| Other amounts receivable291 | €0.05m | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.01m | €0.01m | - | - | - | - | - | - | - |
| Other amounts receivable41 | €0.01m | - | - | - | - | - | - | - | - |
| Current investments50/53 | €5.8m | €5.8m | €5.4m | €5.4m | €5.1m | €5.0m | €4.8m | €4.5m | ▼ 6.5% |
| Cash at bank and in hand54/58 | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 2.4% |
| Deferred charges and accrued income490/1 | €0.009m | - | - | €0.01m | €0.002m | €0.004m | €0.002m | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €7.7m | €7.6m | €7.2m | €7.2m | €6.8m | €6.7m | €6.5m | €6.2m | ▼ 4.8% |
| Equity10/15 | €7.7m | €7.6m | €7.2m | €7.2m | €6.8m | €6.7m | €6.5m | €6.2m | ▼ 4.8% |
| Contributions10/11 | €6.5m | - | - | - | €6.5m | €6.5m | €6.5m | €6.5m | = |
| Capital10 | €6.5m | - | - | - | €6.5m | €6.5m | €6.5m | €6.5m | = |
| Issued capital100 | €6.5m | - | - | - | - | - | - | - | - |
| Profit (loss) carried forward14 | €1.2m | €1.1m | €0.7m | €0.7m | €0.3m | €0.2m | -€0.01m | -€0.3m | ▼ 2,189% |
| Amounts payable17/49 | €0.003m | €0.005m | €0.002m | €0.005m | €0.003m | €0.002m | €0.001m | €0.001m | ▲ 17.0% |
| Amounts payable within one year42/48 | €0.003m | €0.005m | €0.002m | €0.005m | €0.003m | €0.002m | €0.001m | €0.001m | ▲ 17.0% |
| Trade debts44 | €0.002m | €0.004m | €0.002m | €0.005m | €0.003m | €0.002m | €0.001m | €0.001m | ▲ 17.0% |
| Suppliers440/4 | €0.002m | - | - | €0.005m | €0.003m | €0.002m | €0.001m | €0.001m | ▲ 17.0% |
| Taxes, remuneration and social security45 | €288 | - | - | - | - | - | - | - | - |
| Remuneration and social security454/9 | €288 | - | - | - | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€436,409 | -€58,722 | -€411,899 | -€44,256 | -€359,373 | -€135,530 | -€204,997 | -€309,721 | ▼ 51.1% |
| + Depreciation and write-downs630 | €1,512 | €982 | €689 | €922 | €438 | €438 | €438 | €438 | = |
| Operating cash flow (approximation) | -€434,897 | -€57,740 | -€411,210 | -€43,334 | -€358,935 | -€135,093 | -€204,560 | -€309,283 | ▼ 51.2% |
| Investment in fixed assets (approximation) | - | €0 | -€120,500 | -€2,835 | -€702 | -€390 | -€4 | -€1,056 | ▼ 23,461% |
| Change in cash | - | -€10,885 | -€133,582 | €9,565 | -€69,217 | -€57,143 | €2,718 | €4,483 | ▲ 65.0% |
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, 830 companies had the same profile as Servio has now. Two years later, 96.5% were still going and 0.6% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
96.5%
was still going
2.9%
stopped otherwise
0.6%
went bankrupt
That fits the bankruptcy probability of Servio itself: < 0.1% within 12 months.
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 830 companies, not a prediction for Servio. 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 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 10-05-2026 | 2026-00112885 | |
| 31-12-2024 | full format | 28-06-2025 | 2025-00192277 | |
| 31-12-2023 | full format | 21-05-2024 | 2024-00094291 | |
| 31-12-2022 | full format | 26-04-2023 | 2023-00067475 | |
| 31-12-2021 | full format | 25-04-2022 | 2022-20009492 | |
| 31-12-2020 | full format | 15-04-2021 | 2021-10600577 | |
| 31-12-2019 | full format | 16-03-2020 | 2020-06900264 | |
| 31-12-2018 | full format | 25-02-2019 | 2019-05900545 | |
| 31-12-2017 | full format | 07-04-2018 | 2018-09500475 | |
| 31-12-2016 | full format | 13-03-2017 | 2017-06200311 |