SIRVA
ActiveSummary
SIRVA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€3.9m) and a net result of -€332,252. Equity is shrinking by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 876 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-7
Solvency0=
Growth22=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21 against 0.3 in 2024; short-term debt: 457.8% and cash: 14.5% of total assets), and equity is negative.
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Signals
Six 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-373.2%
Return on assets
-31.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€3.9m
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
3 d early
2023
48 d early
2022
20 d early
2021
3 d early
2020
57 d early
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
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. Usually files around 28 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 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 check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#5 oldest company in Leuven, Transport and storage sector#7 company by total assets in Leuven, Transport and storage sector
Turnover
€7.2m▼ 30.1%
2018 · €10.3m
EBIT margin
3.8%▼ 4.2pp
2018 · 8.0%
Net result
-€332,252▼ 99.7%
2024 · -€166,337
Working capital
-€3.8m▼ 8.6%
2024 · -€3.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€201,497▼ 39.3%-€376,927-€406,243▼ 7.8%€18,237-€144,825
Net result€71,880within the sector's middle half▼ 59.6%-€483,715below the sector's middle half-€769,417below the sector's middle half▼ 59.1%-€166,337below the sector's middle half▲ 78.4%-€332,252below the sector's middle half▼ 99.7%
EBIT margin
Equity-€2.2mbelow the sector's middle half▲ 3.2%-€2.7mbelow the sector's middle half▼ 22.3%-€3.4mbelow the sector's middle half▼ 29.0%-€3.6mbelow the sector's middle half▼ 4.9%-€3.9mbelow the sector's middle half▼ 9.2%
Total assets€1.6mwithin the sector's middle half▼ 25.3%€2.4mabove the sector's middle half▲ 48.0%€1.3mwithin the sector's middle half▼ 45.2%€1.5mwithin the sector's middle half▲ 16.4%€1.1mwithin the sector's middle half▼ 31.9%
Debt€3.8m▼ 14.1%€5.1m▲ 33.3%€4.6m▼ 8.4%€5.1m▲ 10.5%€5.0m▼ 3.1%
Working capital-€1.9mbelow the sector's middle half▲ 2.4%-€2.4mbelow the sector's middle half▼ 25.9%-€3.2mbelow the sector's middle half▼ 32.4%-€3.5mbelow the sector's middle half▼ 10.4%-€3.8mbelow the sector's middle half▼ 8.6%
Solvency-132.8%below the sector's middle half▼ 30.3pp-109.7%below the sector's middle half▲ 23.1pp-258.3%below the sector's middle half▼ 148.6pp-232.6%below the sector's middle half▲ 25.7pp-373.2%below the sector's middle half▼ 140.6pp
Current ratio0.46below the sector's middle half▼ 0.070.50below the sector's middle half▲ 0.040.28below the sector's middle half▼ 0.210.30below the sector's middle half▲ 0.020.21below the sector's middle half▼ 0.09
Return on assets (ROA)4.4%within the sector's middle half▼ 3.7pp-20.0%below the sector's middle half▼ 24.4pp-58.0%below the sector's middle half▼ 38.0pp-10.8%below the sector's middle half▲ 47.2pp-31.6%below the sector's middle half▼ 20.8pp
Staff (FTE)16.5within the sector's middle half▲ 11.5%17.2within the sector's middle half▲ 4.2%15.3within the sector's middle half▼ 11.0%10.4within the sector's middle half▼ 32.0%11.3within the sector's middle half▲ 8.7%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -100% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €144,825 after €18,237 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€45,909 ▼ 17.2%
Current assets
€1.0m ▼ 32.5%
Key figures and ratios
EBITDA
-€119,210▼
2024 · €44,864
Cash flow
-€306,638▼
2024 · -€139,711
Quick ratio
0.18▼
2024 · 0.24
Debt to equity
-1.27▲
2024 · -1.43
Interest coverage
-0.60▼
2024 · 0.24
Debt ≤ 1 year
€4.8m▼
2024 · €5.0m
Income taxes
€533▼
2024 · €534
Staff costs
€1.1m▼
2024 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 678 companies that looked in July 2024 the way this one looks now, 6.8% went bankrupt within 24 months and 85% are still going.
- Small
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
6.8%
went bankrupt
6.2%
stopped otherwise
85%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 678 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1.5m | €1.5m | €1.4m | €1.3m | €1.1m | ▼ 11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,346 | €28,508 | €27,721 | €26,626 | €25,615 | ▼ 3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€303 | €1,362 | -€27,295 | -€8,079 | €3,899 | ▲ 148% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€102,000 | €0 | ▲ 100% |
| Other operating charges640/8 | €3,403 | €71,968 | €46,326 | €12,981 | €3,749 | ▼ 71.1% |
| Non-recurring operating charges66A | - | - | - | €52,000 | €0 | ▼ 100% |
| Gross operating margin9900 | €1.8m | €1.2m | €992,849 | €1.3m | €1.0m | ▼ 20.3% |
| Operating profit (loss)9901 | €201,497 | -€376,927 | -€406,243 | €18,237 | -€144,825 | ▼ 894% |
| Financial income75/76B | €8,211 | €12,616 | €4,179 | €3,807 | €11,902 | ▲ 213% |
| Recurring financial income75 | €8,211 | €12,616 | €4,179 | €3,807 | €11,902 | ▲ 213% |
| Financial charges65/66B | €80,827 | €110,178 | €151,064 | €187,847 | €198,797 | ▲ 5.8% |
| Recurring financial charges65 | €80,827 | €110,178 | €151,064 | €187,847 | €198,797 | ▲ 5.8% |
| Profit (loss) for the period before taxes9903 | €128,880 | -€474,489 | -€553,127 | -€165,803 | -€331,720 | ▼ 100% |
| Income taxes67/77 | €57,000 | €9,226 | €216,290 | €534 | €533 | ▼ 0.3% |
| Profit (loss) for the period9904 | €71,880 | -€483,715 | -€769,417 | -€166,337 | -€332,252 | ▼ 99.7% |
| Profit (loss) for the period to be appropriated9905 | €71,880 | -€483,715 | -€769,417 | -€166,337 | -€332,252 | ▼ 99.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €2.4m | €1.3m | €1.5m | €1.1m | ▼ 31.9% |
| Fixed assets21/28 | €18,855 | €68,119 | €83,716 | €55,473 | €45,909 | ▼ 17.2% |
| Intangible fixed assets21 | - | €9,337 | €4,669 | €0 | €6,993 | - |
| Tangible fixed assets22/27 | €18,419 | €58,346 | €63,836 | €40,262 | €23,705 | ▼ 41.1% |
| Plant, machinery and equipment23 | €12,084 | €10,751 | €0 | - | - | - |
| Furniture and vehicles24 | €6,336 | €47,595 | €63,836 | €40,262 | €23,705 | ▼ 41.1% |
| Financial fixed assets28 | €436 | €436 | €15,211 | €15,211 | €15,211 | = |
| Current assets29/58 | €1.6m | €2.4m | €1.2m | €1.5m | €1.0m | ▼ 32.5% |
| Stocks and contracts in progress3 | €296,444 | €397,628 | €148,907 | €291,901 | €160,562 | ▼ 45.0% |
| Stocks30/36 | €83,575 | €61,579 | €16,500 | €0 | - | - |
| Contracts in progress37 | €212,868 | €336,049 | €132,407 | €291,901 | €160,562 | ▼ 45.0% |
| Amounts receivable within one year40/41 | €934,424 | €1.2m | €673,588 | €631,159 | €401,765 | ▼ 36.3% |
| Trade receivables40 | €912,900 | €1.2m | €652,912 | €624,498 | €396,149 | ▼ 36.6% |
| Other amounts receivable41 | €21,525 | €20,382 | €20,675 | €6,661 | €5,616 | ▼ 15.7% |
| Cash at bank and in hand54/58 | €123,408 | €328,862 | €177,078 | €136,107 | €151,959 | ▲ 11.6% |
| Deferred charges and accrued income490/1 | €262,795 | €423,052 | €242,836 | €429,537 | €291,222 | ▼ 32.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €2.4m | €1.3m | €1.5m | €1.1m | ▼ 31.9% |
| Equity10/15 | -€2.2m | -€2.7m | -€3.4m | -€3.6m | -€3.9m | ▼ 9.2% |
| Contributions10/11 | €262,000 | €262,000 | €262,000 | €262,000 | €262,000 | = |
| Capital10 | €262,000 | €262,000 | €262,000 | €262,000 | €262,000 | = |
| Issued capital100 | €262,000 | €262,000 | €262,000 | €262,000 | €262,000 | = |
| Reserves13 | €26,200 | €26,200 | €26,200 | €26,200 | €26,200 | = |
| Non-distributable reserves130/1 | €26,200 | €26,200 | €26,200 | €26,200 | €26,200 | = |
| Legal reserve130 | €26,200 | €26,200 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | €26,200 | €26,200 | €26,200 | = |
| Profit (loss) carried forward14 | -€2.5m | -€2.9m | -€3.7m | -€3.9m | -€4.2m | ▼ 8.6% |
| Provisions and deferred taxes16 | - | - | €102,000 | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | - | €102,000 | €0 | - | - |
| Other liabilities and charges164/5 | - | - | €102,000 | €0 | - | - |
| Amounts payable17/49 | €3.8m | €5.1m | €4.6m | €5.1m | €5.0m | ▼ 3.1% |
| Amounts payable within one year42/48 | €3.5m | €4.8m | €4.4m | €5.0m | €4.8m | ▼ 3.6% |
| Trade debts44 | €1.5m | €1.6m | €995,128 | €1.2m | €933,687 | ▼ 20.5% |
| Suppliers440/4 | €1.5m | €1.6m | €995,128 | €1.2m | €933,687 | ▼ 20.5% |
| Taxes, remuneration and social security45 | €1.2m | €1.0m | €1.2m | €1.2m | €1.1m | ▼ 6.9% |
| Taxes450/3 | €927,552 | €828,202 | €989,161 | €988,311 | €987,854 | = |
| Remuneration and social security454/9 | €272,964 | €217,379 | €187,124 | €202,827 | €121,639 | ▼ 40.0% |
| Other amounts payable47/48 | €836,710 | €2.1m | €2.2m | €2.6m | €2.8m | ▲ 5.4% |
| Accrued charges and deferred income492/3 | €285,281 | €325,478 | €230,775 | €141,497 | €162,036 | ▲ 14.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71,880 | -€483,715 | -€769,417 | -€166,337 | -€332,252 | ▼ 99.7% |
| + Depreciation and write-downs630 | €18,346 | €28,508 | €27,721 | €26,626 | €25,615 | ▼ 3.8% |
| Operating cash flow (approximation) | €90,226 | -€455,208 | -€741,696 | -€139,711 | -€306,638 | ▼ 119% |
| Investment in fixed assets (approximation) | - | -€77,772 | -€43,318 | €1,617 | -€16,051 | ▼ 1,093% |
| Change in cash | - | €205,454 | -€151,784 | -€40,971 | €15,852 | ▲ 139% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€769,417
Net result drops to -€769,417, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
06-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 37 days late
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 27 acts read
About the unread acts
We know of 27 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
27 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, Leuven · 1 establishment unit since 1993
Ground area
4.6 ha
Building footprint
1,320 m²
Volume, LiDAR
18,517 m³
Parcel 24062H0036/00L013, Flanders · tallest building 22.3 m, ±5 floors. Linked by address, not a title deed.
50
companies at this address
See who is registered here
1 establishment unit
SIRVA
since 19932.062.407.664
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24062H0036/00L013 | Flanders | 4.6 ha | 1 · 1,320 m² | 22.3 m · 5 fl. |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 22,923 EUR awarded · 22,923 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 8,101 EUR | 8,101 EUR |
| 2022 | 1 | 14,822 EUR | 14,822 EUR |
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Of 999 companies in sector 49420 we hold annual accounts for 450. 106 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-05-1993
Fiscal year end31-12
Activities, NACEBEL 2025
49420Removal services
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450118996
Also
9925:BE0450118996
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.