SERVITEX
ActiveFinancials · financial year 2025, full format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00440295.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 31 filings
Turnover
€11.4m▲ 12.9%
2024 · €10.1m
EBIT margin
-6.9%▼ 5.8pp
2024 · -1.1%
Net result
-€672,331▼ 102%
2024 · -€332,083
Working capital
-€486,196▲ 52.9%
2024 · -€1.0m
In the rankings
#1 company by total assets in Herve, Other services sector#4 employer in Herve#5 company by equity in the province of Liège, Personal services sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€11.4m
▲ 12.9%
2025
20182025
Operating result
-€788,448
▼ 593%
2025
20182025
Net result
-€672,331
▼ 102%
2025
lowest quarter of the sector
20182025
EBIT margin
-6.9%
▼ 5.8pp
2025
20182025
Equity
€4.3m
▲ 3.0%
2025
highest quarter of the sector
20182025
Total assets
€19.9m
▲ 20.6%
2025
highest quarter of the sector
20182025
Debt
€15.4m
▲ 27.3%
2025
20182025
Working capital
-€486,196
▲ 52.9%
2025
lowest quarter of the sector
20182025
Solvency
21.4%
▼ 3.7pp
2025
middle half of the sector
20182025
Current ratio
0.93
▲ 0.16
2025
middle half of the sector
20182025
Return on assets (ROA)
-3.4%
▼ 1.4pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
106
▲ 12.3%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€8.7m-€9.3m▲ 6.7%€7.6m▼ 17.8%€8.3m▲ 8.8%€8.3m=€9.4m▲ 13.2%€10.1m▲ 6.9%€11.4m▲ 12.9%
Operating result-€0.6m--€0.1m▲ 83.8%-€0.3m▼ 252%€1.6m€0.06m▼ 96.4%€0.5m▲ 815%-€0.1m-€0.8m▼ 593%
Net result-€0.4m--€0.07m▲ 84.4%-€0.3mbelow the sector's middle half▼ 351%€1.7mabove the sector's middle half-€0.03mbelow the sector's middle half€0.5mabove the sector's middle half-€0.3mbelow the sector's middle half-€0.7mbelow the sector's middle half▼ 102%
EBIT margin-6.9%--1.0%▲ 5.8pp-4.5%▼ 3.4pp19.3%▲ 23.7pp0.7%▼ 18.6pp5.6%▲ 4.9pp-1.1%▼ 6.7pp-6.9%▼ 5.8pp
Equity€3.2m-€2.9m▼ 8.9%€3.1mabove the sector's middle half▲ 6.7%€4.3mabove the sector's middle half▲ 38.7%€4.1mabove the sector's middle half▼ 4.0%€4.4mabove the sector's middle half▲ 6.5%€4.1mabove the sector's middle half▼ 5.1%€4.3mabove the sector's middle half▲ 3.0%
Total assets€12.4m-€12.5m▲ 0.8%€12.1mabove the sector's middle half▼ 2.9%€16.2mabove the sector's middle half▲ 33.9%€14.5mabove the sector's middle half▼ 10.3%€15.9mabove the sector's middle half▲ 9.6%€16.5mabove the sector's middle half▲ 3.5%€19.9mabove the sector's middle half▲ 20.6%
Debt€9.0m-€9.4m▲ 4.3%€8.8m▼ 6.0%€11.5m▲ 30.9%€10.0m▼ 13.0%€11.3m▲ 12.4%€12.1m▲ 7.4%€15.4m▲ 27.3%
Working capital-€0.6m--€0.8m▼ 36.6%€0.3mabove the sector's middle half€1.5mabove the sector's middle half▲ 497%-€0.5mbelow the sector's middle half-€0.4mbelow the sector's middle half▲ 18.1%-€1.0mbelow the sector's middle half▼ 155%-€0.5mbelow the sector's middle half▲ 52.9%
Solvency25.6%-23.1%▼ 2.5pp25.4%within the sector's middle half▲ 2.3pp26.3%within the sector's middle half▲ 0.9pp28.1%within the sector's middle half▲ 1.9pp27.3%within the sector's middle half▼ 0.8pp25.1%within the sector's middle half▼ 2.3pp21.4%within the sector's middle half▼ 3.7pp
Current ratio0.83-0.78▼ 0.051.08within the sector's middle half▲ 0.301.33within the sector's middle half▲ 0.260.87within the sector's middle half▼ 0.460.90within the sector's middle half▲ 0.030.77within the sector's middle half▼ 0.130.93within the sector's middle half▲ 0.16
Return on assets (ROA)-3.6%--0.6%▲ 3.0pp-2.6%within the sector's middle half▼ 2.0pp10.4%within the sector's middle half▲ 12.9pp-0.2%within the sector's middle half▼ 10.6pp2.9%within the sector's middle half▲ 3.1pp-2.0%below the sector's middle half▼ 4.9pp-3.4%below the sector's middle half▼ 1.4pp
Staff (FTE)93.3-94.7▲ 1.5%83.4above the sector's middle half▼ 11.9%77.9above the sector's middle half▼ 6.6%89above the sector's middle half▲ 14.2%98.9above the sector's middle half▲ 11.1%94.4above the sector's middle half▼ 4.6%106above the sector's middle half▲ 12.3%
above
within
below
The sector band is the middle half of the companies in Personal service activities (NACE 96). 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 operating result for 2025 is a loss of €788,448, larger than the loss of €113,829 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.9m
Fixed assets
€13.4m ▲ 2.6%
Current assets
€6.5m ▲ 89.2%
Equity and liabilities €19.9m
Equity
€4.3m ▲ 3.0%
Provisions
€218,992 ▼ 15.1%
Debt
€15.4m ▲ 27.3%
Debt's share of the balance-sheet total rises from 73.4% to 77.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.9m▼
2024 · €2.4m
Cash flow
€2.0m▼
2024 · €2.1m
Quick ratio
0.93▲
2024 · 0.76
Debt to equity
3.62▲
2024 · 2.93
ROE
-15.8%▼
2024 · -8.0%
Interest coverage
5.74▼
2024 · 7.21
Debt ≤ 1 year
€7.0m▲
2024 · €4.5m
Debt > 1 year
€8.4m▲
2024 · €7.6m
Customer credit
117 days▲
2024 · 92 days
Supplier credit
921 days▲
2024 · 891 days
Staff costs
€4.3m▲
2024 · €3.6m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 87 | 101 | 103 | 101 | 121 |
| full-time | 32 | 33 | 35 | 35 | 37 |
| part-time | 55 | 68 | 68 | 66 | 84 |
| in full-time equivalents | 76.2 | 89 | 95.9 | 94.4 | 114 |
| Average over the year, in full-time equivalents | 77.9 | 87.6 | 98.9 | 93.3 | 106 |
| On a permanent contract | 64 | 61 | 82 | 84 | 85 |
| Joined | 43 | 34 | 18 | 20 | 43 |
| Left | 49 | 20 | 16 | 22 | 23 |
| Agency workers, average number | 19.6 | 22.2 | 11.6 | 25.1 | 24 |
| Training hours | 135 | - | - | 30 | 310 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €8.7m | €7.8m | €9.0m | €9.6m | €11.9m |
| Pledge on the business | €2.0m | €2.1m | €2.1m | €2.1m | €2.1m |
| Carrying value of the other pledged assets | €5.6m | €5.4m | €6.7m | €6.2m | €5.6m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5.4m | €3.0m | €5.2m | €3.0m | €3.0m |
| Depreciation and write-downs of the year | €1.6m | €2.0m | €2.2m | €2.5m | €2.7m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is REWISE.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €3,500 | €3,500 | €3,500 | €3,500 | €3,707 |
| Other work by the auditor | - | €1,950 | €1,250 | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Public contracts
6 awards · 2022 to 2026
2026-2031 Location, entretien et distribution du linge hospitalier et des vêtements de travail pour le CENTRE HOSPITALIER REGIONAL DE HUY
Location et entretien de linge plat, de vêtements de travail et de textiles
ACCORD-CADRE POUR LA LOCATION ET ENTRETIEN DE LINGE PLAT DURANT 48 MOIS
Entretien de vêtements de travail et de linge divers pour ISoSL: Lot 1: Entretien des vêtements de travail
Entretien de vêtements de travail et de linge divers pour ISoSL: Lot 2: Entretien linge divers
Show 1 more contract
MPLinge2022: location et nettoyage/entretien du linge plat et du linge standard
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €9.3m | €8.4m | €9.5m | €10.2m | €11.5m | ▲ 13.1% |
| Turnover70 | €8.7m | €9.3m | €7.6m | €8.3m | €8.3m | €9.4m | €10.1m | €11.4m | ▲ 12.9% |
| Other operating income74 | - | - | - | €0.07m | €0.1m | €0.1m | €0.08m | €0.1m | ▲ 39.2% |
| Non-recurring operating income76A | - | - | - | €0.9m | - | €0.006m | €0.006m | €0.006m | = |
| Operating charges60/66A | - | - | - | €7.7m | €8.4m | €9.0m | €10.3m | €12.3m | ▲ 19.5% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.8m | €0.7m | €0.7m | €0.8m | €1.0m | ▲ 28.6% |
| Purchases600/8 | - | - | - | €0.8m | €0.7m | €0.7m | €0.8m | €1.0m | ▲ 31.1% |
| Change in stocks: decrease (increase)609 | - | - | - | €0.005m | €0.007m | -€0.004m | €0.007m | -€0.01m | - |
| Services and other goods61 | - | - | - | €2.6m | €2.6m | €2.4m | €3.2m | €3.6m | ▲ 10.1% |
| Remuneration, social security and pensions62 | - | - | - | €2.6m | €2.9m | €3.7m | €3.6m | €4.3m | ▲ 18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.4m | €2.4m | €2.1m | €1.6m | €2.0m | €2.2m | €2.5m | €2.7m | ▲ 8.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.02m | €0.04m | -€0.07m | -€0.006m | - | - |
| Other operating charges640/8 | - | - | - | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | ▲ 2.9% |
| Non-recurring operating charges66A | - | - | - | - | €0.001m | - | €124 | €0.6m | ▲ 4,762× |
| Operating profit (loss)9901 | -€0.6m | -€0.1m | -€0.3m | €1.6m | €0.06m | €0.5m | -€0.1m | -€0.8m | ▼ 593% |
| Financial income75/76B | - | - | - | €0.5m | €0.09m | €0.2m | €0.1m | €0.5m | ▲ 295% |
| Recurring financial income75 | €0.4m | €0.2m | €0.2m | €0.5m | €0.09m | €0.2m | €0.1m | €0.5m | ▲ 295% |
| Other financial income752/9 | - | - | - | €0.5m | €0.09m | €0.2m | €0.1m | €0.5m | ▲ 295% |
| Financial charges65/66B | - | - | - | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | ▲ 2.5% |
| Recurring financial charges65 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | ▲ 2.5% |
| Debt charges650 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 0.3% |
| Other financial charges652/9 | - | - | - | €0.03m | €0.04m | €0.04m | €0.05m | €0.05m | ▲ 17.9% |
| Profit (loss) for the period before taxes9903 | -€0.5m | -€0.08m | -€0.3m | €1.9m | -€0.07m | €0.4m | -€0.4m | -€0.7m | ▼ 91.7% |
| Transfer from deferred taxes780 | - | - | - | €0.02m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Transfer to deferred taxes680 | - | - | - | €0.2m | - | - | - | - | - |
| Income taxes67/77 | €2 | - | €6 | - | -€6 | - | - | - | - |
| Taxes670/3 | - | - | - | - | €0.005m | - | - | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0.005m | - | - | - | - |
| Profit (loss) for the period9904 | -€0.4m | -€0.07m | -€0.3m | €1.7m | -€0.03m | €0.5m | -€0.3m | -€0.7m | ▼ 102% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.04m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Transfer to tax-exempt reserves689 | - | - | - | €0.7m | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€0.4m | -€0.03m | -€0.3m | €1.0m | €0.08m | €0.6m | -€0.2m | -€0.6m | ▼ 151% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €12.4m | €12.5m | €12.1m | €16.2m | €14.5m | €15.9m | €16.5m | €19.9m | ▲ 20.6% |
| Fixed assets21/28 | €9.5m | €9.7m | €8.7m | €10.3m | €11.2m | €12.4m | €13.1m | €13.4m | ▲ 2.6% |
| Tangible fixed assets22/27 | €9.5m | €9.7m | €8.7m | €10.2m | €11.2m | €12.4m | €13.0m | €13.4m | ▲ 2.6% |
| Land and buildings22 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Plant, machinery and equipment23 | - | - | - | €0.6m | €0.9m | €0.6m | €0.8m | €1.0m | ▲ 25.0% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.3m | €0.1m | €0.1m | €0.07m | ▼ 38.5% |
| Leasing and similar rights25 | - | - | - | €5.6m | €5.4m | €6.7m | €6.2m | €5.6m | ▼ 11.0% |
| Other tangible fixed assets26 | - | - | - | €3.8m | €4.4m | €4.6m | €5.1m | €5.5m | ▲ 8.7% |
| Assets under construction and advance payments27 | - | - | - | - | €0.09m | €0.3m | €0.8m | €1.2m | ▲ 55.2% |
| Financial fixed assets28 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.06m | €0.06m | = |
| Affiliated companies280/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Participating interests280 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Other financial fixed assets284/8 | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | = |
| Current assets29/58 | €2.8m | €2.8m | €3.4m | €6.0m | €3.3m | €3.5m | €3.4m | €6.5m | ▲ 89.2% |
| Stocks and contracts in progress3 | €0.03m | €0.03m | €0.04m | €0.03m | €0.03m | €0.03m | €0.02m | €0.03m | ▲ 45.8% |
| Stocks30/36 | - | - | - | €0.03m | €0.03m | €0.03m | €0.02m | €0.03m | ▲ 45.8% |
| Raw materials and consumables30/31 | - | - | - | €0.03m | €0.03m | €0.03m | €0.02m | €0.03m | ▲ 45.8% |
| Amounts receivable within one year40/41 | €2.5m | €2.5m | €2.8m | €3.1m | €2.9m | €2.9m | €3.2m | €5.1m | ▲ 61.2% |
| Trade receivables40 | - | - | - | €1.8m | €2.0m | €2.5m | €2.5m | €3.6m | ▲ 43.0% |
| Other amounts receivable41 | - | - | - | €1.3m | €0.9m | €0.4m | €0.6m | €1.4m | ▲ 137% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.5m | €2.8m | €0.3m | €0.6m | €0.2m | €1.3m | ▲ 510% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.06m | €0.03m | €0.03m | €0.06m | ▲ 76.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €12.4m | €12.5m | €12.1m | €16.2m | €14.5m | €15.9m | €16.5m | €19.9m | ▲ 20.6% |
| Equity10/15 | €3.2m | €2.9m | €3.1m | €4.3m | €4.1m | €4.4m | €4.1m | €4.3m | ▲ 3.0% |
| Contributions10/11 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Capital10 | - | - | - | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Issued capital100 | - | - | - | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Reserves13 | €0.5m | €0.5m | €0.5m | €1.2m | €1.1m | €1.0m | €0.9m | €0.8m | ▼ 12.0% |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Tax-exempt reserves132 | - | - | - | €1.0m | €0.9m | €0.8m | €0.7m | €0.6m | ▼ 14.7% |
| Profit (loss) carried forward14 | -€0.09m | -€0.1m | -€0.4m | €0.5m | €0.6m | €1.2m | €1.0m | €0.4m | ▼ 59.1% |
| Investment grants15 | - | - | - | €0.9m | €0.7m | €0.5m | €0.6m | €1.4m | ▲ 124% |
| Provisions and deferred taxes16 | €0.2m | €0.2m | €0.2m | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 15.1% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.04m | €0.08m | €0.008m | €0.002m | €0.002m | = |
| Environmental obligations163 | - | - | - | €0.04m | €0.08m | €0.008m | €0.002m | €0.002m | = |
| Deferred taxes168 | - | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 15.2% |
| Amounts payable17/49 | €9.0m | €9.4m | €8.8m | €11.5m | €10.0m | €11.3m | €12.1m | €15.4m | ▲ 27.3% |
| Amounts payable after more than one year17 | €5.6m | €5.8m | €5.7m | €7.1m | €6.2m | €7.3m | €7.6m | €8.4m | ▲ 10.4% |
| Financial debts170/4 | - | - | - | €7.1m | €6.2m | €7.3m | €7.6m | €8.4m | ▲ 10.4% |
| Subordinated loans170 | - | - | - | €1.1m | €0.9m | €0.8m | €0.6m | €0.5m | ▼ 14.6% |
| Leasing and similar obligations172 | - | - | - | €4.1m | €3.6m | €4.4m | €3.7m | €2.7m | ▼ 26.5% |
| Credit institutions173 | - | - | - | €1.8m | €1.6m | €2.1m | €3.3m | €2.8m | ▼ 14.8% |
| Other loans174 | - | - | - | - | - | - | - | €2.3m | - |
| Amounts payable within one year42/48 | €3.4m | €3.6m | €3.2m | €4.5m | €3.8m | €3.9m | €4.5m | €7.0m | ▲ 56.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.6m | €1.6m | €1.7m | €2.0m | €3.6m | ▲ 79.8% |
| Trade debts44 | €1.5m | €1.6m | €1.0m | €1.9m | €1.7m | €1.4m | €1.9m | €2.6m | ▲ 33.0% |
| Suppliers440/4 | - | - | - | €1.9m | €1.7m | €1.4m | €1.9m | €2.6m | ▲ 33.0% |
| Taxes, remuneration and social security45 | - | - | - | €1.0m | €0.5m | €0.7m | €0.5m | €0.7m | ▲ 46.5% |
| Taxes450/3 | - | - | - | €0.4m | €0.07m | €0.09m | €0.04m | €0.06m | ▲ 35.4% |
| Remuneration and social security454/9 | - | - | - | €0.5m | €0.4m | €0.6m | €0.4m | €0.7m | ▲ 47.6% |
| Other amounts payable47/48 | - | - | - | €0.04m | €0.04m | €0.06m | €0.05m | €0.1m | ▲ 116% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.002m | €0.08m | €0.09m | €0.1m | ▲ 15.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.4m | -€0.07m | -€0.3m | €1.7m | -€0.03m | €0.5m | -€0.3m | -€0.7m | ▼ 102% |
| + Depreciation and write-downs630 | €2.4m | €2.4m | €2.1m | €1.6m | €2.0m | €2.2m | €2.5m | €2.7m | ▲ 8.0% |
| Operating cash flow (approximation) | €2.0m | €2.3m | €1.8m | €3.2m | €2.0m | €2.6m | €2.1m | €2.0m | ▼ 6.6% |
| Investment in fixed assets (approximation) | - | -€2.6m | -€1.1m | -€3.1m | -€2.9m | -€3.4m | -€3.1m | -€3.0m | ▲ 3.3% |
| Change in cash | - | -€0.08m | €0.3m | €2.3m | -€2.5m | €0.2m | -€0.4m | €1.1m | - |
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, 371 companies had the same profile as SERVITEX has now. Two years later, 96.8% were still going and 0.5% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a small loss
96.8%
was still going
2.2%
stopped otherwise
0.5%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SERVITEX itself: 0.5% 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 371 companies, not a prediction for SERVITEX. 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 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 28-08-2026 | 2026-00440295 | |
| 31-12-2024 | full format | 09-07-2025 | 2025-00261391 | |
| 31-12-2023 | full format | 27-06-2024 | 2024-00192689 | |
| 31-12-2022 | full format | 10-07-2023 | 2023-00225686 | |
| 31-12-2021 | full format | 05-07-2022 | 2022-20162939 | |
| 31-12-2020 | full format | 08-07-2021 | 2021-33500182 | |
| 31-12-2019 | full format | 07-07-2020 | 2020-27800035 | |
| 31-12-2018 | full format | 01-07-2019 | 2019-29500138 | |
| 31-12-2017 | full format | 31-07-2018 | 2018-41100538 | |
| 31-12-2016 | full format | 25-07-2017 | 2017-35800009 |