SVW Service
Annual accounts 2025
micro format, filed on 29-07-2026, 2 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €180,000 and €360,000.
Balance sheet
balance sheet total €108,456 on 31-12-2025Change in equityin euro
Change in cashin euro
Position in the sector
Solvency70.1%
Higher than 75% of 35,060 companies in 2025.
Current ratio3.16
Higher than 73% of 34,437 companies in 2025.
Return on assets38.6%
Higher than 91% of 34,637 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
Total assets20/58 |
108,456 | 48,839 | 60,737 | |
Fixed assets21/28 |
5,941 | 4,567 | 11,975 | |
Tangible fixed assets22/27 |
5,941 | 4,567 | 11,975 | |
Plant, machinery and equipment23 |
2,702 | 1,680 | 2,184 | |
Furniture and vehicles24 |
3,239 | 2,887 | 9,791 | |
Current assets29/58 |
102,515 | 44,272 | 48,761 | |
Stocks and contracts in progress3 |
- | 10,000 | - | |
Contracts in progress37 |
- | 10,000 | - | |
Amounts receivable within one year40/41 |
70,821 | 32,428 | 15,599 | |
Trade receivables40 |
40,741 | 29,920 | 7,750 | |
Other amounts receivable41 |
30,079 | 2,508 | 7,849 | |
Cash at bank and in hand54/58 |
31,444 | 1,546 | 662 | |
Deferred charges and accrued income490/1 |
250 | 299 | 32,500 | |
| Balance sheet: equity and liabilities | ||||
Total equity and liabilities10/49 |
108,456 | 48,839 | 60,737 | |
Equity10/15 |
76,061 | 34,155 | 26,334 | |
Contributions10/11 |
2,500 | 2,500 | 2,500 | |
Reserves13 |
73,561 | 31,655 | 23,834 | |
Distributable reserves133 |
73,561 | 31,655 | 23,834 | |
Amounts payable17/49 |
32,395 | 14,685 | 34,402 | |
Amounts payable within one year42/48 |
32,395 | 14,685 | 28,666 | |
Trade debts44 |
24,655 | 10,261 | 1,877 | |
Suppliers440/4 |
24,655 | 10,261 | 1,877 | |
Taxes, remuneration and social security45 |
7,740 | 2,282 | 2,418 | |
Taxes450/3 |
7,740 | 44 | 2,418 | |
Remuneration and social security454/9 |
- | 2,239 | - | |
Other amounts payable47/48 |
- | 2,142 | 24,372 | |
Accrued charges and deferred income492/3 |
- | - | 5,736 | |
| Income statement | ||||
Non-recurring operating income76A |
3,640 | - | - | |
Gross operating margin9900 |
62,927 | 18,998 | 33,476 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
2,515 | 2,590 | 2,981 | |
Other operating charges640/8 |
698 | 734 | 267 | |
Non-recurring operating charges66A |
- | 1,503 | - | |
Operating profit (loss)9901 |
59,714 | 14,171 | 30,229 | |
Financial income75/76B |
10 | 12 | 0 | |
Recurring financial income75 |
10 | 12 | 0 | |
Financial charges65/66B |
3,120 | 3,819 | 30 | |
Recurring financial charges65 |
3,120 | 3,819 | 30 | |
Profit (loss) for the period before taxes9903 |
56,603 | 10,365 | 30,199 | |
Income taxes67/77 |
14,697 | 2,544 | 6,365 | |
Profit (loss) for the period9904 |
41,907 | 7,820 | 23,834 | |
Profit (loss) for the period to be appropriated9905 |
41,907 | 7,820 | 23,834 | |
| Appropriation of the result | ||||
Profit (loss) to be appropriated9906 |
41,907 | 7,820 | 23,834 | |
Transfer to equity691/2 |
41,907 | 7,820 | 23,834 | |
To other reserves6921 |
41,907 | 7,820 | 23,834 | |
| Document | ||||
The notes to these accounts have 7 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.
Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| EBITDA | 62,229 | 16,761 | 33,209 | |
| Cash flow | 44,422 | 10,411 | 26,815 | |
| Investment in fixed assets | 5,749 | 3,297 | 14,956 | |
| Change in cash | 29,899 | 883 | - | |
| Working capital | 70,120 | 29,587 | 20,095 | |
| Solvency | 70.1% | 69.9% | 43.4% | |
| Current ratio | 3.16 | 3.01 | 1.70 | |
| Quick ratio | 3.16 | 2.33 | 1.70 | |
| Debt to equity | 0.43 | 0.43 | 1.31 | |
| ROE | 55.1% | 22.9% | 90.5% | |
| ROA | 38.6% | 16.0% | 39.2% | |
| Interest coverage | 19.94 | 4.39 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €5,749 | €3,297 | €14,956 |
| Depreciation and write-downs of the year | €2,515 | €2,590 | €2,981 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on SVW Service
The operating result for 2025 is 4.2 times that of 2024 and the highest since 2023. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 30.1% to 29.9%. Equity and debt are higher.