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SREW

Active
Public limited companyfounded 2017active for 8 yearsOplombeekstraat 6, 1755 Pajottegem, BelgiumKBO/BCE: BE 0686.763.166

Financials · financial year 2025, full format

2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00539850.

Annual accounts 2025 filed on 30-09-2026 at the NBB all 8 filings

Turnover
≈ €1,800
Estimated: probably between €840 and €3,500
EBIT margin
Not included in this filing
Net result
-€421,856▲ 21.2%
2024 · -€535,323
Working capital
-€4,920▼ 1.5%
2024 · -€4,849
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a loss of €98, smaller than the loss of €15,403 in 2024.

Operating result-€98 2025 Net result-€0.4m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€0.5m--€0.3m▲ 26.6%-€0.7m▼ 104%-€0.2m▲ 66.3%-€0.3m▼ 7.5%€0.03m-€0.02m-€98▲ 99.4%
Net result-€0.6m--€0.5m▲ 26.5%-€4.0mbelow the sector's middle half▼ 744%-€3.8mbelow the sector's middle half▲ 5.8%-€0.9mbelow the sector's middle half▲ 77.3%-€0.5mbelow the sector's middle half▲ 40.3%-€0.5mbelow the sector's middle half▼ 4.3%-€0.4mbelow the sector's middle half▲ 21.2%
Equity-€0.5m--€1.0m▼ 86.8%-€5.0mbelow the sector's middle half▼ 392%-€8.8mbelow the sector's middle half▼ 75.0%-€9.7mbelow the sector's middle half▼ 9.7%-€10.2mbelow the sector's middle half▼ 5.5%-€10.8mbelow the sector's middle half▼ 5.2%-€11.2mbelow the sector's middle half▼ 3.9%
Total assets€4.2m-€5.8m▲ 37.1%€3.3mabove the sector's middle half▼ 42.2%€1.7mwithin the sector's middle half▼ 49.8%€0.07mbelow the sector's middle half▼ 95.9%€0.006mbelow the sector's middle half▼ 90.9%€0.01mbelow the sector's middle half▲ 81.6%€0.008mbelow the sector's middle half▼ 30.0%
Debt€4.8m-€6.8m▲ 42.8%€8.4m▲ 23.1%€10.5m▲ 25.2%€9.8m▼ 7.2%€10.2m▲ 4.8%€10.8m▲ 5.3%€11.2m▲ 3.9%
Working capital€2.5m-€3.8m▲ 51.7%€2.3mabove the sector's middle half▼ 39.3%€1.6mabove the sector's middle half▼ 29.7%€0.006mwithin the sector's middle half▼ 99.7%-€0.006mwithin the sector's middle half-€0.005mwithin the sector's middle half▲ 24.1%-€0.005mwithin the sector's middle half▼ 1.5%
Solvency-13.0%--17.7%▼ 4.7pp-150.7%below the sector's middle half▼ 133.0pp-524.7%below the sector's middle half▼ 374.1pp
Current ratio13.6712.78above the sector's middle half▼ 0.8926.07above the sector's middle half▲ 13.301.09within the sector's middle half▼ 24.990.50below the sector's middle half▼ 0.590.70within the sector's middle half▲ 0.210.62below the sector's middle half▼ 0.08
Return on assets (ROA)-15.3%--8.2%▲ 7.1pp-120.0%below the sector's middle half▼ 111.8pp-224.9%below the sector's middle half▼ 104.9pp
above within below The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 turnover shown is an estimate from the gross margin.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€12,998▼
2024 · €16,388
Debt > 1 year
€11.2m▲
2024 · €10.8m
A ratio outside any meaningful range has been withheld (balance sheet total €8,078, equity -€11.2m).
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as SREW: other business support services (NACE 82990). They are comparable in size and age: total assets between €6,750 and €10,200, founded between 2015 and 2020.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
SREW Pajottegem2017€0.008m-€11.2m€302-€0.4m2025
DOKU Kinrooi2017€0.008m-€0.005m€0.001m€622025
SCS ALEXGYPROC Frameries2016€0.01m€0.003m-€0.006m-€0.008m2024
TAXI DRIVER PRESTATIONS La Hulpe2019€0.008m€0.005m-€0.001m-€0.001m2025
EVOHNAV Lubbeek2015€0.008m-€0.06m-€0.003m-€0.01m2025
ETI-GO Wemmel2015€0.007m-€0.002m-€0.002m-€0.004m2025
EGOTIBI Herent2020€0.01m€0.003m-€0.002m-€0.004m2025

They were chosen from the 9,746 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 6,007 companies had the same profile as SREW has now. Two years later, 7.9% had gone bankrupt and 83.0% were still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.9% went bankrupt
8.4% stopped otherwise
83.0% was still going

Another 0.8% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of SREW itself is lower: 0.6% within 12 months. It rests on far more data about SREW than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 6,007 companies, not a prediction for SREW. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines

Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.

Balance sheet Code20242025
Assets
Total assets20/58€0.01m€0.008m▼
Current assets29/58€0.01m€0.008m▼
Amounts receivable within one year40/41€0.008m€0.005m▼
Trade receivables40€0.008m-
Other amounts receivable41-€0.005m
Cash at bank and in hand54/58€0.004m€0.003m▼
Equity and liabilities
Total equity and liabilities10/49€0.01m€0.008m▼
Equity10/15-€10.8m-€11.2m▼
Contributions10/11€0.1m€0.1m=
Capital10€0.1m€0.1m=
Issued capital100€0.1m€0.1m=
Profit (loss) carried forward14-€10.9m-€11.3m▼
Amounts payable17/49€10.8m€11.2m▲
Amounts payable after more than one year17€10.8m€11.2m▲
Financial debts170/4€10.8m€11.2m▲
Amounts payable within one year42/48€0.02m€0.01m▼
Trade debts44€0.005m€0.002m▼
Suppliers440/4€0.005m€0.002m▼
Other amounts payable47/48€0.01m€0.01m=
Income statement Code20242025
Non-recurring operating income76A-€0.002m
Other operating charges640/8-€400
Gross operating margin9900-€0.02m€302▲
Operating profit (loss)9901-€0.02m-€98▲
Financial income75/76B€0.3m€0.3m▼
Recurring financial income75€0.3m€0.3m▼
Financial charges65/66B€0.8m€0.7m▼
Recurring financial charges65€0.8m€0.7m▼
Profit (loss) for the period before taxes9903-€0.5m-€0.4m▲
Profit (loss) for the period9904-€0.5m-€0.4m▲
Profit (loss) for the period to be appropriated9905-€0.5m-€0.4m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€10.9m-€11.3m▼
Profit (loss) brought forward from the previous period14P-€10.3m-€10.9m▼

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Non-recurring operating income76A-------€0.002m-
Other operating charges640/8----€200--€400-
Gross operating margin9900-€0.5m-€0.3m-€0.7m-€0.2m-€0.3m€0.03m-€0.02m€302-
Operating profit (loss)9901-€0.5m-€0.3m-€0.7m-€0.2m-€0.3m€0.03m-€0.02m-€98▲ 99.4%
Financial income75/76B---€0.3m€0.3m€0.3m€0.3m€0.3m▼ 3.4%
Recurring financial income75€0.06m€0.2m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m▼ 3.4%
Financial charges65/66B---€3.8m€0.9m€0.8m€0.8m€0.7m▼ 13.5%
Recurring financial charges65€0.2m€0.3m€2.7m€3.0m€0.9m€0.8m€0.8m€0.7m▼ 13.5%
Non-recurring financial charges66B---€0.9m-----
Profit (loss) for the period before taxes9903-€0.6m-€0.5m-€4.0m-€3.8m-€0.9m-€0.5m-€0.5m-€0.4m▲ 21.2%
Profit (loss) for the period9904-€0.6m-€0.5m-€4.0m-€3.8m-€0.9m-€0.5m-€0.5m-€0.4m▲ 21.2%
Profit (loss) for the period to be appropriated9905-€0.6m-€0.5m-€4.0m-€3.8m-€0.9m-€0.5m-€0.5m-€0.4m▲ 21.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€4.2m€5.8m€3.3m€1.7m€0.07m€0.006m€0.01m€0.008m▼ 30.0%
Fixed assets21/28€1.7m€1.7m€0.9m------
Financial fixed assets28€1.7m€1.7m€0.9m------
Current assets29/58€2.5m€4.1m€2.5m€1.7m€0.07m€0.006m€0.01m€0.008m▼ 30.0%
Amounts receivable within one year40/41€2.1m€3.8m€2.3m€0.008m€0.01m€0.004m€0.008m€0.005m▼ 38.3%
Trade receivables40----€0.01m€0.004m€0.008m--
Other amounts receivable41---€0.008m---€0.005m-
Cash at bank and in hand54/58€0.4m€0.06m€0.2m€1.7m€0.06m€0.002m€0.004m€0.003m▼ 12.4%
Equity and liabilities
Total equity and liabilities10/49€4.2m€5.8m€3.3m€1.7m€0.07m€0.006m€0.01m€0.008m▼ 30.0%
Equity10/15-€0.5m-€1.0m-€5.0m-€8.8m-€9.7m-€10.2m-€10.8m-€11.2m▼ 3.9%
Contributions10/11€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m=
Capital10---€0.1m€0.1m€0.1m€0.1m€0.1m=
Issued capital100---€0.1m€0.1m€0.1m€0.1m€0.1m=
Profit (loss) carried forward14-€0.6m-€1.1m-€5.1m-€8.9m-€9.8m-€10.3m-€10.9m-€11.3m▼ 3.9%
Amounts payable17/49€4.8m€6.8m€8.4m€10.5m€9.8m€10.2m€10.8m€11.2m▲ 3.9%
Amounts payable after more than one year17€4.6m€6.1m€8.2m€10.5m€9.7m€10.2m€10.8m€11.2m▲ 3.9%
Financial debts170/4---€10.5m€9.7m€10.2m€10.8m€11.2m▲ 3.9%
Amounts payable within one year42/48€0.02m€0.3m€0.2m€0.06m€0.06m€0.01m€0.02m€0.01m▼ 20.7%
Trade debts44€0.01m€0.1m€0.2m€0.06m€0.06m€0.01m€0.005m€0.002m▼ 67.8%
Suppliers440/4---€0.06m€0.06m€0.01m€0.005m€0.002m▼ 67.8%
Advances received on contracts in progress46-----€0.002m---
Other amounts payable47/48------€0.01m€0.01m=
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€0.6m-€0.5m-€4.0m-€3.8m-€0.9m-€0.5m-€0.5m-€0.4m▲ 21.2%
Operating cash flow (approximation)-€0.6m-€0.5m-€4.0m-€3.8m-€0.9m-€0.5m-€0.5m-€0.4m▲ 21.2%
Investment in fixed assets (approximation)-€0€0.9m------
Change in cash--€0.3m€0.2m€1.4m-€1.6m-€0.05m€0.001m-€460-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (8)
Financial year Type Filed Reference Document
31-12-2025 full format 30-09-2026 2026-00539850 NBB
31-12-2024 abbreviated format 27-06-2025 2025-00209866 PDF
31-12-2023 abbreviated format 28-06-2024 2024-00190994 PDF
31-12-2022 abbreviated format 27-07-2023 2023-00298042 PDF
31-12-2021 abbreviated format 23-11-2022 2022-20524681 PDF
31-12-2020 abbreviated format 21-12-2021 2021-81100280 PDF
31-12-2019 abbreviated format 14-09-2020 2020-52900415 PDF
31-12-2018 abbreviated format 08-07-2019 2019-30400199 PDF

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