Active BE 0536.353.481Private limited companyOpen bankruptcy

TARGET SERVICES

Boulevard de la Cense 15 ·1410 Waterloo, Belgium· 13 yrs active

Sector: Andere reinigingsactiviteiten (81230)

Conclusion Checked

A bankruptcy procedure is open for TARGET SERVICES according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-67k) and a net result of €-347k.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€-67k
Net result	€-347k
Better than sector	5%
Active	13 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

33 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 33

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 29-11-2024 with the NBB · fiscal year 2024 · volledig

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 81, Cleaning & landscape services · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	-45.5%	30.0%	better than 5% of 82 sector peers
Net result	€-347k	€21k	better than 5% of 83 sector peers
Equity	€-67k	€53k	better than 5% of 83 sector peers
Gross operating margin	€293k	€57k	better than 75% of 75 sector peers
Staff costs	€93k	€136k	higher than 41% of 48 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-247k

- 19-24

Net profit

€-347k

- 19-24

Cash flow

€-332k

- 19-24

Total assets

€148k

-82.2% 19-24

Equity

€-67k

- 19-24

Working capital

€-104k

+76.3% 19-24

Employees (FTE)

5

- 19-24

Staff costs

€93k

+35.0% 19-24

Income taxes

€46k

+492.3% 19-24

Debt

€181k

-65.0% 19-24

Debt ≤ 1y

€181k

-65.0% 19-24

Current ratio

0.43

+182.6% 19-24

Quick ratio

0.43

+182.6% 19-24

Solvency

-45.5%

- 19-24

Debt / equity

-2.69

- 19-24

ROE

516.0%

+12321.2% 19-24

ROA

-234.5%

- 19-24

Interest coverage

-6.37

- 19-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	-
EBITDA	€-247k
Net profit	€-347k
Cash flow	€-332k
Staff costs	€93k
Income taxes	€46k
Dividends	-
Total assets	€148k
Equity	€-67k
Debt	€181k
of which ≤ 1y	€181k
of which > 1y	-
Working capital	€-104k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	0.43
Quick ratio	0.43
Working capital ratio	-70.4%
Solvency	-45.5%
Debt / equity	-2.69
Long-term debt ratio	-
Interest coverage	-6.37
Gross margin	-
Net margin	-
ROA	-234.5%
ROE	516.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €71k · 48.0% Current assets €77k · 52.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€148k
Fixed assets	21/28	€71k
Tangible fixed assets	22/27	€67k
Financial fixed assets	28	€4k
Current assets	29/58	€77k
Amounts receivable within one year	40/41	€61k
Cash & bank	54/58	€15k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€148k
Equity	10/15	€-67k
Contributions / capital	10/11	€10k
Reserves	13	€5k
Accumulated profits (losses)	14	€-82k
Provisions & deferred taxes	16	€34k
Amounts payable	17/49	€181k
Amounts payable within one year	42/48	€181k
Trade debts payable within one year	44	€78k
Income statement
Gross operating margin	9900	€293k
Operating result	9901	€-262k
Financial charges	65	€39k
Result before taxes	9903	€-301k
Income taxes	67/77	€46k
Net result for the period	9904	€-347k
Result to be appropriated	9905	€-347k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	XAVIER IBARRONDO LASA RUE DU PANIER VERT 70, 1400 NIVELLES	21-05-2026 → present	Belgian State Gazette

Legal Structure

NACE primary	Andere reinigingsactiviteiten(81230)
Legal form	Private limited company(610)
Incorporation	03-07-2013
Status	Active
Postal code	1410
First BS signal	29-05-2026
Latest BS signal	29-05-2026

Establishment units 1 location

TARGET SERVICES

Boulevard de la Cense 15, 1410 WaterlooOntwikkeling van residentiële bouwprojecten

since 20132.220.293.772

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25110B0425/00H005	Wallonia	1,306 m²	1 · 254 m²	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

29-05-2026

Bankruptcy Opening

Tribunal de l’entreprise du Brabant wallon · TARGET SERVICES SRL BOULEVARD DE LA CENSE 15/10, 1410 WATERLOO · event 21-05-2026

2024

29-11-2024