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.
Credit check for your own amount and term
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
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
ROBUS LIFT
BE 0841.192.611
Halle · Eq €281,105
PRISMA SIGN
BE 0474.401.264
Sint-Gillis-Waas · Eq €278,346
DE FRIETMOBIEL
BE 0690.790.250
Laarne · Eq €277,922
A.S. REFRIGERATION
BE 0445.113.895
Rochefort · Eq €283,364
GASON
BE 0427.653.501
Braine-le-Comte · Eq €277,206
Of 4,094 companies in sector 43240 we hold annual accounts for 1,633. 1,194 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.