Checked.be
Active
BE 0870.701.989Private limited company (pre-2019)Open bankruptcy
SERVO
Paalstraat 3 ·9700 Oudenaarde, Belgium· 21 yrs active
Sector: Wholesale trade
(46140)
Conclusion
A bankruptcy procedure is open for SERVO according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-168k) and a net result of €-111k.
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €-168k |
| Net result | €-111k |
| Staff (FTE) | 7.3 |
| Better than sector | 9% |
Snowflake analysis
40
/ 100
Fragile profile, watch health in particular.
Health
0
Profitability
100
Solvency
42
Growth
58
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskComponents
· Open bankruptcy (+50)
Trust signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No administrative flags
Health barometer
0
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2022 with the NBB · fiscal year 2021 · verkort
Sector comparison
Fiscal year 2021 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -18.0% | 29.3% | |
| Net result | €-111k | €41k | |
| Equity | €-168k | €222k | |
| Gross operating margin | €260k | €216k | |
| Staff costs | €332k | €146k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-83k
-6258.5%
far below sector median
€-111k
-15.2%
far below sector median
€-98k
-14.0%
far below sector median
€932k
+14.9%
far above sector median
€-168k
-194.2%
far below sector median
€-136k
-1113.6%
far below sector median
7
-7.6%
+115% vs sector
€332k
-
+218% vs sector
€359
-48.7%
-95% vs sector
€1.10M
+26.6%
far above sector median
€1.04M
+31.9%
far above sector median
€62k
-24.3%
+152% vs sector
0.87
-11.8%
-48% vs sector
0.37
+3.0%
-78% vs sector
-18.0%
-156.1%
far below sector median
-6.56
-355.1%
far below sector median
66.0%
-60.8%
+88% vs sector
-11.9%
-0.3%
far below sector median
-5.81
-
far below sector median
Figures by fiscal year
| Fiscal year | 2021 |
|---|---|
| Revenue | - |
| EBITDA | €-83k |
| Net profit | €-111k |
| Cash flow | €-98k |
| Staff costs | €332k |
| Income taxes | €359 |
| Dividends | - |
| Total assets | €932k |
| Equity | €-168k |
| Debt | €1.10M |
| of which ≤ 1y | €1.04M |
| of which > 1y | €62k |
| Working capital | €-136k |
| Employees (FTE) | 7.3 |
Ratios (computed)
| 2021 | |
|---|---|
| Current ratio | 0.87 |
| Quick ratio | 0.37 |
| Working capital ratio | -14.6% |
| Solvency | -18.0% |
| Debt / equity | -6.56 |
| Long-term debt ratio | -0.37 |
| Interest coverage | -5.81 |
| Gross margin | - |
| Net margin | - |
| ROA | -11.9% |
| ROE | 66.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €932k |
| Fixed assets | 21/28 | €31k |
| Intangible fixed assets | 21 | €14k |
| Tangible fixed assets | 22/27 | €17k |
| Current assets | 29/58 | €901k |
| Stocks & contracts in progress | 3 | €514k |
| Amounts receivable within one year | 40/41 | €328k |
| Cash & bank | 54/58 | €30k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €932k |
| Equity | 10/15 | €-168k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €20k |
| Accumulated profits (losses) | 14 | €-207k |
| Amounts payable | 17/49 | €1.10M |
| Amounts payable after one year | 17 | €62k |
| Amounts payable within one year | 42/48 | €1.04M |
| Trade debts payable within one year | 44 | €359k |
| Income statement | ||
| Gross operating margin | 9900 | €260k |
| Operating result | 9901 | €-96k |
| Financial income | 75 | €571 |
| Financial charges | 65 | €14k |
| Result before taxes | 9903 | €-110k |
| Income taxes | 67/77 | €359 |
| Net result for the period | 9904 | €-111k |
| Result to be appropriated | 9905 | €-111k |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | RIA FOCK EDELAREBERG 24, 9700 OUDENAARDE- |
28-06-2023 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Wholesale trade(46140) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 21-12-2004 |
| Status | Active |
| Postal code | 9700 |
| First BS signal | 04-07-2023 |
| Latest BS signal | 04-07-2023 |
Company structure, linked entities
Mandates
Establishment units
SERVO
since 20052.144.761.753
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45508B0045/00K004 | Flanders | 849 m² | 1 · 849 m² | 7.0 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2023
04-07-2023
Bankruptcy
Opening
2022
31-08-2022
NBB filing
Annual accounts filed
2021
02-07-2021
NBB filing
Annual accounts filed
2020
29-07-2020
NBB filing
Annual accounts filed
2019
30-08-2019
NBB filing
Annual accounts filed
2018
17-07-2018
NBB filing
Annual accounts filed
2017
18-07-2017
NBB filing
Annual accounts filed
2016
30-06-2016
NBB filing
Annual accounts filed
2015
23-07-2015
NBB filing
Annual accounts filed
2014
14-08-2014
NBB filing
Annual accounts filed
2013
28-08-2013
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
04-07-2023
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Credit advice
AI due-diligence brief
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE)
Activities
Handelsbemiddeling in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen46140Handelsbemiddeling in de groothandel in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen46140Handelsbemiddeling in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen51140Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Elektrische installatie45310
Primary activity highlighted.
Names & trade names
| Legal nameNL | SERVO |
Registered office
Paalstraat 3
9700 Oudenaarde, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies
BULLSWAP
BE 0699.556.476 · Genk
AZBIL EUROPE
BE 0474.687.910 · Zaventem
BELGIUM PAYMENT
BE 0712.517.656 · Brussel
BELGIAN PROCESS SOLUTIONS
BE 0762.822.945 · Andenne
BURO PARTNER
BE 0772.315.978 · Libramont-Chevigny