Servotronic
ActiveSummary
Servotronic has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €280k and a net result of €60k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 71% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+4
Solvency92▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 2.94 against 8.25 in 2024; short-term debt: 33.2% and cash: 56.4% of total assets), and 33.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.8%
Return on assets
14.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
33 d early
2022
32 d early
2021
20 d early
2020
31 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€280k▼ 18.7%
2024 · €345k
Total assets
€420k▲ 7.1%
2024 · €392k
Net result
€60k▲ 38.6%
2024 · €43k
Working capital
€271k▼ 20.6%
2024 · €341k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€42k▲ 0.9%€45k▲ 5.8%€33k▼ 25.8%€65k▲ 94.7%€83k▲ 28.9%
Net result€64k▲ 124%€76k▲ 17.9%€47k▼ 38.3%€43k▼ 7.2%€60k▲ 38.6%
Equity€271k▲ 15.4%€297k▲ 9.5%€334k▲ 12.6%€345k▲ 3.2%€280k▼ 18.7%
Total assets€322k▲ 3.7%€330k▲ 2.5%€439k▲ 32.9%€392k▼ 10.7%€420k▲ 7.1%
Debt€48k▼ 28.3%€33k▼ 31.2%€105k▲ 214%€47k▼ 55.1%€139k▲ 196%
Working capital€-26k▲ 35.1%€-3k▲ 89.9%€333k€341k▲ 2.5%€271k▼ 20.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €420k
Fixed assets
€10k ▲ 143%
Current assets
€410k ▲ 5.7%
Equity and liabilities €420k
Equity
€280k ▼ 18.7%
Debt
€139k ▲ 196%
Debt's share of the balance-sheet total rises from 12.0% to 33.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€84k▲
2024 · €66k
Cash flow
€61k▲
2024 · €44k
Current ratio
2.94▼
2024 · 8.25
Quick ratio
2.20▼
2024 · 4.29
Debt to equity
0.50▲
2024 · 0.14
ROE
21.4%▲
2024 · 12.6%
ROA
14.3%▲
2024 · 11.1%
Interest coverage
27.04▲
2024 · 6.91
Debt ≤ 1 year
€139k▲
2024 · €47k
Income taxes
€23k▲
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €467 | €863 | €950 | ▲ 10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €296 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-6k | €-3k | €-51 | - | - | - |
| Other operating charges640/8 | €449 | €450 | €1k | €701 | €2k | ▲ 188% |
| Gross operating margin9900 | €37k | €43k | €35k | €67k | €86k | ▲ 29.8% |
| Operating profit (loss)9901 | €42k | €45k | €33k | €65k | €83k | ▲ 28.9% |
| Financial income75/76B | €40k | €50k | €30k | €4k | €3k | ▼ 17.7% |
| Recurring financial income75 | €40k | €50k | €30k | €4k | €3k | ▼ 17.7% |
| Financial charges65/66B | €957 | €494 | €6k | €9k | €3k | ▼ 67.1% |
| Recurring financial charges65 | €957 | €494 | €6k | €9k | €3k | ▼ 67.1% |
| Profit (loss) for the period before taxes9903 | €81k | €94k | €57k | €59k | €84k | ▲ 41.2% |
| Income taxes67/77 | €17k | €19k | €11k | €16k | €23k | ▲ 48.4% |
| Profit (loss) for the period9904 | €64k | €76k | €47k | €43k | €60k | ▲ 38.6% |
| Profit (loss) for the period to be appropriated9905 | €64k | €76k | €47k | €43k | €60k | ▲ 38.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €322k | €330k | €439k | €392k | €420k | ▲ 7.1% |
| Fixed assets21/28 | €299k | €299k | €1k | €4k | €10k | ▲ 143% |
| Tangible fixed assets22/27 | - | - | €1k | €4k | €10k | ▲ 143% |
| Plant, machinery and equipment23 | - | - | €1k | €738 | €135 | ▼ 81.7% |
| Furniture and vehicles24 | - | - | - | €3k | €9k | ▲ 195% |
| Financial fixed assets28 | €299k | €299k | - | - | - | - |
| Current assets29/58 | €23k | €31k | €437k | €388k | €410k | ▲ 5.7% |
| Stocks and contracts in progress3 | - | - | €91k | €186k | €103k | ▼ 44.6% |
| Stocks30/36 | - | - | €91k | €186k | €103k | ▼ 44.6% |
| Amounts receivable within one year40/41 | €3k | €11k | €114k | €101k | €70k | ▼ 31.0% |
| Trade receivables40 | - | €11k | €94k | €41k | €49k | ▲ 19.7% |
| Other amounts receivable41 | €3k | - | €20k | €60k | €20k | ▼ 65.8% |
| Cash at bank and in hand54/58 | €18k | €7k | €219k | €93k | €237k | ▲ 153% |
| Deferred charges and accrued income490/1 | €1k | €13k | €13k | €7k | €457 | ▼ 93.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €322k | €330k | €439k | €392k | €420k | ▲ 7.1% |
| Equity10/15 | €271k | €297k | €334k | €345k | €280k | ▼ 18.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €247k | €273k | €310k | €321k | €256k | ▼ 20.1% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | €245k | €271k | €308k | €321k | €256k | ▼ 20.1% |
| Profit (loss) carried forward14 | €5k | €5k | €5k | €5k | €5k | ▲ 0.1% |
| Provisions and deferred taxes16 | €3k | €51 | - | - | - | - |
| Provisions for liabilities and charges160/5 | €3k | €51 | - | - | - | - |
| Environmental obligations163 | €3k | €51 | - | - | - | - |
| Amounts payable17/49 | €48k | €33k | €105k | €47k | €139k | ▲ 196% |
| Amounts payable within one year42/48 | €48k | €33k | €105k | €47k | €139k | ▲ 196% |
| Current portion of amounts payable after more than one year42 | €17k | - | - | - | - | - |
| Financial debts43 | €4k | €4k | €10k | €10k | €10k | = |
| Credit institutions430/8 | €4k | €4k | €10k | €10k | €10k | = |
| Trade debts44 | €2k | €826 | €42k | €27k | €129k | ▲ 381% |
| Suppliers440/4 | €2k | €826 | €42k | €27k | €129k | ▲ 381% |
| Advances received on contracts in progress46 | €2k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €14k | €19k | €43k | €7k | - | - |
| Taxes450/3 | €14k | €19k | €43k | €7k | - | - |
| Other amounts payable47/48 | €10k | €9k | €10k | €4k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64k | €76k | €47k | €43k | €60k | ▲ 38.6% |
| + Depreciation and write-downs630 | - | - | €467 | €863 | €950 | ▲ 10.1% |
| Operating cash flow (approximation) | €64k | €76k | €47k | €44k | €61k | ▲ 38.1% |
| Investment in fixed assets (approximation) | - | €0 | €297k | €-3k | €-7k | ▼ 90.3% |
| Change in cash | - | €-12k | €212k | €-125k | €143k | ▲ 214% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 4.17
Current ratio from 0.92 to 4.17.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €76k ▲17.9%
Net result €76k, the highest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €29k ▼10.8%
Net result drops to €29k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €206k ▲18.4%
2 profitable years in a row build equity to €206k.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State 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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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Malle · 1 establishment unit since 2010
Ground area
1,435 m²
Building footprint
246 m²
Parcel 11032D0682/00S000, Flanders. Linked by address, not a title deed.
1 establishment unit
Servotronic / @NRG
since 20102.193.383.202
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032D0682/00S000 | Flanders | 1,435 m² | 1 · 246 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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DE FRIETMOBIEL
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A.S. REFRIGERATION
BE 0445.113.895
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GASON
BE 0427.653.501
Braine-le-Comte · Eq €277,206
Of 4,094 companies in sector 43240 we hold annual accounts for 1,634. 1,195 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
Scores and ratios are computed by Checked and are not a credit decision.