TSERVAES
ActiveTSERVAES has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €543k and a net result of €70k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 27358 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
90
/ 100
Excellent▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▼-15
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.47 against 4.6 in 2024), and 26.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.7%
Return on assets
9.5%
Age of the figures
8 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
29 d late
2022
45 d early
2021
74 d early
2020
37 d early
2019
53 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€543k▼ 4.0%
2024 · €566k
2018: €107k
2019: €129k
2020: €214k
2021: €300k
2022: €405k
2023: €475k
2024: €566k
2018 → 2025
Total assets
€737k▲ 2.0%
2024 · €722k
2018: €224k
2019: €245k
2020: €341k
2021: €495k
2022: €611k
2023: €617k
2024: €722k
2018 → 2025
Net result
€70k▼ 23.0%
2024 · €91k
2018: €95k
2019: €22k
2020: €85k
2021: €86k
2022: €105k
2023: €70k
2024: €91k
2018 → 2025
Working capital
€208k▼ 34.5%
2024 · €318k
2018: €63k
2019: €90k
2020: €159k
2021: €243k
2022: €349k
2023: €225k
2024: €318k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€300k-€405k▲ 35.0%€475k▲ 17.3%€566k▲ 19.2%€543k▼ 4.0%
Operating result€124k-€149k▲ 20.7%€98k▼ 34.2%€130k▲ 32.4%€99k▼ 24.3%
Net result€86k-€105k▲ 22.0%€70k▼ 33.4%€91k▲ 30.2%€70k▼ 23.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €737k
Fixed assets
€387k▲ 22.4%
Current assets
€350k▼ 13.8%
Equity and liabilities €737k
Equity
€543k▼ 4.0%
Debt
€194k▲ 23.7%
The debt ratio rises from 21.7% to 26.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€151k▼
2024 · €171k
Cash flow
€123k▼
2024 · €132k
Solvency
73.7%▼
2024 · 78.3%
Current ratio
2.47▼
2024 · 4.60
Quick ratio
2.47▼
2024 · 4.60
Debt / equity
0.36▲
2024 · 0.28
ROE
12.9%▼
2024 · 16.1%
ROA
9.5%▼
2024 · 12.6%
Interest coverage
77.93▲
2024 · 76.53
Debt
€194k▲
2024 · €156k
Debt ≤ 1 year
€142k▲
2024 · €88k
Debt > 1 year
€52k▼
2024 · €68k
Income taxes
€27k▼
2024 · €37k
Staff costs
€111k▲
2024 · €101k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€722k€737k▲
Fixed assets21/28€316k€387k▲
Tangible fixed assets22/27€316k€387k▲
Land and buildings22€246k€350k▲
Plant, machinery and equipment23€10k€4k▼
Furniture and vehicles24€59k€33k▼
Current assets29/58€406k€350k▼
Amounts receivable within one year40/41€13k€49k▲
Trade receivables40€13k€29k▲
Other amounts receivable41-€20k
Cash at bank and in hand54/58€379k€295k▼
Deferred charges and accrued income490/1€15k€6k▼
Equity and liabilities
Total equity and liabilities10/49€722k€737k▲
Equity10/15€566k€543k▼
Contributions10/11€12k€12k=
Reserves13€553k€531k▼
Distributable reserves133€553k€531k▼
Amounts payable17/49€156k€194k▲
Amounts payable after more than one year17€68k€52k▼
Financial debts170/4€68k€52k▼
Amounts payable within one year42/48€88k€142k▲
Current portion of amounts payable after more than one year42€25k€16k▼
Trade debts44€39k€11k▼
Suppliers440/4€39k€11k▼
Taxes, remuneration and social security45€12k€13k▲
Taxes450/3€7k€13k▲
Remuneration and social security454/9€4k€538▼
Other amounts payable47/48€13k€102k▲
Income statement
Code20242025
Remuneration, social security and pensions62€101k€111k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€53k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€274k€265k▼
Operating profit (loss)9901€130k€99k▼
Financial income75/76B€377€224▼
Recurring financial income75€377€224▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€128k€97k▼
Income taxes67/77€37k€27k▼
Profit (loss) for the period9904€91k€70k▼
Profit (loss) for the period to be appropriated9905€91k€70k▼
Appropriation of the result
Profit (loss) to be appropriated9906€91k€70k▼
Transfer from equity791/2-€93k
Transfer to equity691/2€91k€70k▼
To other reserves6921€91k€70k▼
Profit to be distributed694/7-€93k
Return on contributions (dividend)694-€93k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €566k ▲19.2%
7 profitable years in a row build equity to €566k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €105k ▲22%
Operating result €149k, net result €105k, both a record.
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €214k ▲66.1%
3 profitable years in a row build equity to €214k.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €22k ▼77.3%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 4.62
Current ratio from 1.55 to 4.62; short-term debt falls from €115k to €25k.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Boortmeerbeek · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hollestraat 153190 BoortmeerbeekGround area
994 m²
Building footprint
126 m²
Volume, LiDAR
590 m³
Parcel 24014C0245/00A000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TSERVAES
since 20172.264.334.148
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24014C0245/00A000 | Flanders | 994 m² | 1 · 126 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 1,750 EUR awarded · 1,750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2022 | 1 | 750 EUR | 750 EUR |
Schemes
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 8 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,864. 8,829 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-05-2017
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43410Roofing work
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.