Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 8.8 to 6.4.
Financials
Financial year 2025
BELGIAN SERVICES COMPANY from Grâce-Hollogne, company number BE0439991109, closed financial year 2025 with a result of € -147,615 after tax. For that financial year BELGIAN SERVICES COMPANY recorded a gross margin of € 515,227 and equity of € 24,650. Compared with financial year 2024, the result moved from € 1,275 to € -147,615. The company made a loss. The buffer shrank hard: equity is 86 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 24,650
▼ 86% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -147,615
▼ still € 1,275 profit in 2024
Profit after tax over the fiscal year.
€ 1,181
▼ 97% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -109,212.
People and assets in 2025
6.4
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 363,366
▼ 34% vs 2024
€ 56,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 93,998
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 853,563
▲ 11% vs 2024
€ 91,540 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 699,937
▼ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 128,309
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 591,382 | € 809,112 | € 683,861 | € 515,227 | ▼ 25% |
| Profit after taxes | € -114,528 | € 36,381 | € 1,275 | € -147,615 | ▼ € 148,891 |
| Equity | € 134,609 | € 170,990 | € 172,266 | € 24,650 | ▼ 86% |
| Total debts | € 2,374,629 | € 2,181,328 | € 2,340,735 | € 2,107,138 | ▼ 10% |
| Cash | € 186,557 | € 396,706 | € 45,009 | € 1,181 | ▼ 97% |
| Land & buildings | € 1,126,392 | € 877,521 | € 854,234 | € 854,080 | |
| Retained profit | € 747 | € 37,128 | € 38,403 | € -109,212 | ▼ € 147,615 |
| Bank debt | € 1,151,163 | € 866,157 | € 769,692 | € 853,563 | ▲ 11% |
| Balance sheet total | € 2,509,238 | € 2,352,319 | € 2,513,000 | € 2,131,788 | ▼ 15% |
| Employees (FTE) | 9.9 | 8.8 | 8.1 | 6.4 | ▼ 1.7 |
Key figures of BELGIAN SERVICES COMPANY, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BELGIAN SERVICES COMPANY?
What happened at BELGIAN SERVICES COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 147,615 (▼ € 148,891 vs 2024). filed late Source: NBB ↗
- New establishment in Grâce-Hollogne. KBO
- New establishment in Amay. KBO
- Start of the company according to the CBE. KBO
In short
From € 114,528 loss in 2022 to € 147,615 loss in 2025.
Paid € 7,947 in corporate taxes since 2022.
Best year ever: 2023, with € 36,381 profit.
On average € 80,500 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind BELGIAN SERVICES COMPANY is DERO-INVEST SA. The shares are held by DERO-INVEST S.A. (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Patrick DEROANNE
Also active at: FERLAM, BATIMENT ET TECHNIQUE, DEROANNE, LTD FINITIONS, L Sphere D, TECHNICAL DESIGN SYSTEM, TDS IMMO, 3Dpure
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Nouvelles Technologies 21
4460 Grâce-Hollogne
Rue Rorive(AMA) 17
4540 Amay
Active since 22 March 1990
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →DEROANNE same network
€ 1.9 million gross margin · 2025
HERSTAL ORGANISATIONS
DERO-INVEST same network
€ 187,200 revenue · 2025
L Sphere D same network
€ -120,632 gross margin · 2024
TDS IMMO same network
€ 74,180 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.991.109
- VAT number
- BE 0439.991.109
- Registered office
- Rue des Nouvelles Technologies 21, 4460 Grâce-Hollogne
- Names & denominations
- BELGIAN SERVICES COMPANY · BELSECO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 March 1990
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Groothandel in informatie- en communicatieapparatuur
Groothandel in overige kantoormachines en kantoorbenodigdheden
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Overige groothandel in consumentenartikelen, n.e.g.
Groothandel in andere kantoormachines en kantoorbenodigdheden, met uitzondering van computers en randapparatuur
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Groothandel in andere consumentenartikelen, neg
Detailhandel in babyartikelen (algemeen assortiment)
+1