ACTIVE

Normec Servaco

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Financial year 2025 · closed on 31/12/2025

Net result

2,3 M €

-2.4% YoY

Revenue

24,2 M €

+11.3% YoY

Equity

6,3 M €

-46.5% YoY

Workforce

171,4 ETP

+7.7% YoY

What does Normec Servaco do?

Normec Servaco is a Public limited company incorporated in 1973. Its registered office is in Wevelgem. It employs on average 171,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0412.964.830

Incorporation

26/01/1973

Legal form

Public limited company

Registered office

Vlamingstraat 19
8560 Wevelgem · FlandreSee on map

Contributed capital

1 100 000,00 €

Latest accounts

31/12/2025

Average workforce

171,4 ETP

Joint committees (4)

116
1160
207
2070

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	24,2 M €	+11.3%	21,8 M €	+10.6%	19,7 M €	+23.3%	16 M €	+16.4%	13,7 M €	+8.9%	12,6 M €	-2.6%	12,9 M €	+10.4%	11,7 M €	+11.3%	10,5 M €	+5.4%	10 M €	+2.2%	9,8 M €	+4.7%	9,3 M €	-0.0%	9,3 M €	+3.2%	9 M €	+6.9%	8,5 M €	+15.2%	7,3 M €	+3.0%	7,1 M €	+1.9%	7 M €	+16.6%	6 M €	+14.5%	5,2 M €
EBITDA	5,2 M €	+9.5%	4,7 M €	+9.9%	4,3 M €	+40.2%	3,1 M €	+2.9%	3 M €	+18.0%	2,5 M €	-22.3%	3,2 M €	+19.1%	2,7 M €	+34.3%	2 M €	+5.7%	1,9 M €	+0.1%	1,9 M €	+21.7%	1,6 M €	-15.1%	1,9 M €	-6.5%	2 M €	+0.3%	2 M €	+26.1%	1,6 M €	-8.2%	1,7 M €	-10.2%	1,9 M €	+18.4%	1,6 M €	+15.4%	1,4 M €
Operating result	3,4 M €	+10.9%	3,1 M €	+6.9%	2,9 M €	+66.1%	1,7 M €	-1.3%	1,8 M €	+24.4%	1,4 M €	-35.4%	2,2 M €	+16.9%	1,9 M €	+88.4%	990,1 k €	+14.5%	864,5 k €	-6.2%	921,9 k €	+59.5%	577,8 k €	-45.8%	1,1 M €	+0.6%	1,1 M €	-18.8%	1,3 M €	+38.4%	942,8 k €	-14.0%	1,1 M €	-15.3%	1,3 M €	+28.9%	1 M €	+19.8%	838,4 k €
Net result	2,3 M €	-2.4%	2,4 M €	+8.4%	2,2 M €	+77.0%	1,2 M €	-3.1%	1,3 M €	+30.7%	971,4 k €	-43.2%	1,7 M €	+13.3%	1,5 M €	+82.6%	827,3 k €	+26.0%	656,6 k €	-13.8%	762,1 k €	+26.7%	601,5 k €	-10.7%	673,3 k €	-29.7%	958 k €	-7.0%	1 M €	+42.1%	724,4 k €	-31.4%	1,1 M €	+23.6%	854,4 k €	+4.1%	820,5 k €	+16.3%	705,6 k €
Balance sheet
Equity	6,3 M €	-46.5%	11,8 M €	+25.1%	9,4 M €	-30.8%	13,6 M €	+9.9%	12,4 M €	+11.4%	11,1 M €	+9.6%	10,1 M €	+10.5%	9,2 M €	+11.1%	8,3 M €	+5.3%	7,9 M €	+4.1%	7,5 M €	+5.6%	7,1 M €	+4.7%	6,8 M €	+4.9%	6,5 M €	+20.1%	5,4 M €	-6.5%	5,8 M €	+8.6%	5,3 M €	+3.1%	5,2 M €	+10.2%	4,7 M €	+13.3%	4,1 M €
Total assets	17,3 M €	+5.1%	16,4 M €	-20.3%	20,6 M €	+24.6%	16,5 M €	+2.4%	16,1 M €	-3.4%	16,7 M €	+1.9%	16,4 M €	+11.7%	14,7 M €	+10.5%	13,3 M €	+3.9%	12,8 M €	+1.1%	12,6 M €	+0.7%	12,5 M €	+7.0%	11,7 M €	+30.9%	9 M €	+14.3%	7,8 M €	+0.4%	7,8 M €	+7.0%	7,3 M €	+7.6%	6,8 M €	+4.9%	6,5 M €	+11.9%	5,8 M €
Cash	564,4 k €	-45.9%	1 M €	+17.9%	885,5 k €	+171%	327,1 k €	-74.8%	1,3 M €	+14.0%	1,1 M €	+48.0%	768,4 k €	-82.4%	4,4 M €	+261%	1,2 M €	+87.1%	645,8 k €	-3.9%	672,3 k €	-35.3%	1 M €	-65.0%	3 M €	+102%	1,5 M €	-7.6%	1,6 M €	-4.3%	1,7 M €	+2.8%	1,6 M €	+119%	736,2 k €	-32.1%	1,1 M €	+52.6%	710,5 k €
Debts	10,9 M €	+138%	4,6 M €	-58.7%	11,1 M €	+285%	2,9 M €	-22.9%	3,7 M €	-32.6%	5,5 M €	-10.9%	6,2 M €	+13.9%	5,5 M €	+10.1%	5 M €	+1.6%	4,9 M €	-3.0%	5 M €	-5.7%	5,3 M €	+10.4%	4,8 M €	+104%	2,4 M €	+1.1%	2,3 M €	+21.3%	1,9 M €	+2.0%	1,9 M €	+22.8%	1,5 M €	-9.4%	1,7 M €	+7.9%	1,6 M €
Other
Workforce	171,4 ETP	+7.7%	159,2 ETP	+14.2%	139,4 ETP	+13.4%	122,9 ETP	+2.7%	119,7 ETP	+5.3%	113,7 ETP	+0.5%	113,1 ETP	+6.2%	106,5 ETP	+3.6%	102,8 ETP	+2.0%	100,8 ETP	-1.3%	102,1 ETP	-2.2%	104,4 ETP	+4.8%	99,6 ETP	+7.6%	92,6 ETP	+11.4%	83,1 ETP	+10.4%	75,3 ETP	+8.8%	69,2 ETP	+5.6%	65,5 ETP	+8.3%	60,5 ETP	+5.6%	57,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 30 ended

Active mandates

Alexander Vercruysse

Director · since 17 janvier 2025 · until 17 janvier 2031

Active

Britt Denise Schuurs

Director · since 27 juin 2024 · until 01 juin 2028

Active

Jan Goossens

Director · since 27 juin 2024 · until 01 juin 2028

Active

Joep Bruins

Director · since 27 juin 2024 · until 29 janvier 2026

Active

Mariska Van Schaik

Director · since 09 mai 2023 · until 09 mai 2029

Active

Robert Wolff

Director · since 16 mars 2023 · until 29 janvier 2026

Active

Ended mandates

Alexander Simon Vercruysse

Director · since 17 janvier 2025 · until 17 janvier 2031

Ended

Joep Bruins

Director · since 27 juin 2024 · until 01 juin 2028

Ended

Mariska van Schalk

Director · since 09 mai 2023 · until 09 mai 2029

Ended

Robert Wolff

Director · since 16 mars 2023 · until 16 mars 2029

Ended

At this address

Other companies at this address

Company	CBE no.
VLAM - N - VEST● Active	0466.356.501

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/08/2026	28/08/2025	05/07/2024	20/07/2023	28/07/2022	07/07/2021
General meeting	13/08/2026	25/08/2025	27/06/2024	22/06/2023	23/06/2022	24/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	13/08/2026	27/08/2026	Dutch	PDF
Full model	31/12/2024	25/08/2025	28/08/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	05/07/2024	Dutch	PDF
Full model	31/12/2022	22/06/2023	20/07/2023	Dutch	PDF
Full model	31/12/2021	23/06/2022	28/07/2022	Dutch	PDF
Full model	31/12/2020	24/06/2021	07/07/2021	Dutch	PDF
Full model	31/12/2019	25/06/2020	31/08/2020	Dutch	PDF
Full model	31/12/2018	27/06/2019	30/08/2019	Dutch	PDF
Full model	31/12/2017	24/07/2018	26/07/2018	Dutch	PDF
Full model	31/12/2016	20/07/2017	27/07/2017	Dutch	PDF
Full model	31/12/2015	22/07/2016	22/08/2016	Dutch	PDF
Full model	31/12/2014	25/06/2015	17/07/2015	Dutch	PDF
Full model	31/12/2013	26/06/2014	28/07/2014	Dutch	PDF
Full model	31/12/2012	14/06/2013	25/06/2013	Dutch	PDF
Full model	31/12/2011	07/06/2012	06/07/2012	Dutch	PDF
Full model	31/12/2010	02/06/2011	06/07/2011	Dutch	PDF
Full model	31/12/2009	03/06/2010	05/07/2010	Dutch	PDF
Full model	31/12/2008	04/06/2009	09/07/2009	Dutch	PDF
Full model	31/12/2007	05/06/2008	30/08/2008	Dutch	PDF
Full model	31/12/2006	07/06/2007	05/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 30 ended

Active mandates

Alexander Vercruysse

Director · since 17 janvier 2025 · until 17 janvier 2031

Active

Britt Denise Schuurs

Director · since 27 juin 2024 · until 01 juin 2028

Active

Jan Goossens

Director · since 27 juin 2024 · until 01 juin 2028

Active

Joep Bruins

Director · since 27 juin 2024 · until 29 janvier 2026

Active

Mariska Van Schaik

Director · since 09 mai 2023 · until 09 mai 2029

Active

Robert Wolff

Director · since 16 mars 2023 · until 29 janvier 2026

Active

Ended mandates

Alexander Simon Vercruysse

Director · since 17 janvier 2025 · until 17 janvier 2031

Ended

Joep Bruins

Director · since 27 juin 2024 · until 01 juin 2028

Ended

Mariska van Schalk

Director · since 09 mai 2023 · until 09 mai 2029

Ended

Robert Wolff

Director · since 16 mars 2023 · until 16 mars 2029

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/09/2026
Ontslag Bestuurder - Volmacht
PDF
Mandates31/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other15/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Mandates13/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/06/2023
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20252,3 M €↓
2024
Annual accounts 20242,4 M €↑
2023
Annual accounts 20232,2 M €↑
2023
Name changeNORMEC SERVACO
2022
Annual accounts 20221,2 M €↓
2021
Annual accounts 20211,3 M €↑
2021
Name changeServaco
2020
Annual accounts 2020971,4 k €↓
2019
Annual accounts 20191,7 M €↑
2018
Annual accounts 20181,5 M €↑
2017
Annual accounts 2017827,3 k €↑
2016
Annual accounts 2016656,6 k €↓
2015
Annual accounts 2015762,1 k €↑
2014
Annual accounts 2014601,5 k €↓
2013
Annual accounts 2013673,3 k €↓
2012
Annual accounts 2012958 k €↓
2011
Annual accounts 20111 M €↑
2010
Annual accounts 2010724,4 k €↓
2009
Annual accounts 20091,1 M €↑
2008
Annual accounts 2008854,4 k €↑
2007
Annual accounts 2007820,5 k €↑
2006
Annual accounts 2006705,6 k €
26/01/1973
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Normec Servaco

Overview

What does Normec Servaco do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline