Equity
SVW Service has made a profit in every financial year since 2023.
SVW Service has made a profit in every financial year since 2023.
The micro format states no turnover.
Green is investment, beige is depreciation. Machinery stands 60.9% higher than in 2024.
New director. Latest change 12-05-2026 · 2 in office.
Higher net result than 82% of companies in specialised construction. Sector median €10,197 · 35,048 companies.
The dashed line is the sector median: 0.7% across 47,692 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 76% of them on solvency, 72% on liquidity, 92% on profitability and 93% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 39,278 companies had the same profile as SVW Service has now. Each dot stands for 99 companies, two years later.
That fits the bankruptcy probability of SVW Service itself: 0.5% within 12 months.
The method was tested on the 497,447 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.
| 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 39,278 companies, not a prediction for SVW Service. 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.
Liquidity is ample, with a current ratio of 3.16 (3.01 in 2024), above the usual 1.5. Short-term debt is 29.9% and cash 29% of total assets. 29.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 4 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| SVW Service Aarschot | €108,456 | €62,927 | 70.1% | - |
| KEVIN VANDENABEELE Middelkerke | €118,703 | €67,795 | 63.2% | - |
| K.W.S. Rumst | €99,685 | €66,400 | 48.6% | - |
| VLOXAIR Ghent | €102,954 | €65,247 | 57.4% | - |
| Badreno Beringen | €99,392 | €73,935 | 57.9% | - |
| PMF Technic Sint-Gillis (bij-Brussel) | €124,078 | €72,806 | 88.4% | - |
| AB HOME ENERGY Forest | €118,113 | €56,011 | 82.0% | - |
These companies have the same main activity as SVW Service: plumbing work (NACE 43221). They are comparable in size and age: total assets between €99,400 and €124,000, founded between 2023 and 2024.
SVW Service files the micro format. That format states no turnover. The gross margin rose from €33,476 in 2023 to €62,927 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover 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.
Higher than 75% of 35,060 companies in 2025.
Higher than 73% of 34,437 companies in 2025.
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
| 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.
| 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.
| 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)
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.
SVW Service has no parent and no holdings in its annual accounts. SVW Service shares no director with another company.
| Pauwels, Kim (sole trader)
establishment since 01-05-2008 |
founded in 2008 0897.439.941 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Mouthorensteenweg 61 registered office 3201 Aarschot | 22-08-2023 | 2.348.504.117 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24060A0275/00R000 | 899 m² | 1 · 276 m² | 8.6 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0804.976.868
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