ACTIVE

SERVICES DEVELOPMENT MANAGEMENT

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Financial year 2025 · closed on 31/03/2025

Net result

23 M €

+1058.7% YoY

Gross margin

-109,8 k €

+46.9% YoY

Equity

120,9 M €

+2.5% YoY

What does SERVICES DEVELOPMENT MANAGEMENT do?

SERVICES DEVELOPMENT MANAGEMENT is a Public limited company incorporated in 1994. Its main activity is: Market research and public opinion polling. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.691.377

Incorporation

05/05/1994

Legal form

Public limited company

Registered office

IJzerenwaag 12A
2000 Antwerpen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/03/2025

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 74131Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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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
Gross margin	-109,8 k €	+46.9%	-206,8 k €	-285%	-53,7 k €		–		–		–		–		–		–		-81,2 k €	-211%	73,4 k €	+427%	13,9 k €	+101%	-1,6 M €	-1118%	-130,1 k €	+13.5%	-150,3 k €	+65.4%	-434,2 k €	-260%	272,1 k €	-18.4%	333,4 k €	+86.0%	179,3 k €	-36.5%	282,3 k €
EBITDA	-254,2 k €	+35.5%	-394,3 k €	-77.9%	-221,6 k €	-7.1%	-206,9 k €	-196%	-69,9 k €	+5.0%	-73,6 k €	+53.5%	-158,4 k €	-152%	-63 k €	+42.6%	-109,7 k €	-2.4%	-107,1 k €	-314%	50,1 k €	+543%	-11,3 k €	+99.3%	-1,6 M €	-936%	-155,6 k €	+31.4%	-226,8 k €	+50.4%	-457,8 k €	-285%	247,9 k €	-24.1%	326,7 k €	+108%	157,3 k €	-44.3%	282,1 k €
Operating result	-271,9 k €	+34.0%	-412 k €	-66.8%	-247 k €	-6.7%	-231,4 k €	-145%	-94,4 k €	+4.1%	-98,4 k €	+46.4%	-183,7 k €	-108%	-88,3 k €	+20.3%	-110,8 k €	-2.2%	-108,4 k €	-449%	31 k €	+202%	-30,4 k €	+98.1%	-1,6 M €	-828%	-175,9 k €	+28.8%	-247,2 k €	+48.0%	-475 k €	-306%	230,6 k €	-28.6%	323,1 k €	+127%	142,6 k €	-49.5%	282,1 k €
Net result	23 M €	+1059%	2 M €	-68.0%	6,2 M €	+230%	1,9 M €	-31.8%	2,8 M €	+109%	-29,4 M €	-284%	16 M €	+742%	1,9 M €	-94.5%	34,2 M €	+263%	9,4 M €	+5.1%	8,9 M €	+256%	2,5 M €	+468%	-682,5 k €	+52.5%	-1,4 M €	-195%	1,5 M €	-27.8%	2,1 M €	-17.0%	2,5 M €	-97.6%	104 M €	+6937%	1,5 M €	-5.5%	1,6 M €
Balance sheet
Equity	120,9 M €	+2.5%	117,9 M €	+1.7%	115,9 M €	+0.2%	115,7 M €	+0.1%	115,6 M €	+0.2%	115,4 M €	-20.3%	144,7 M €	+12.4%	128,8 M €	+1.5%	126,9 M €	+3.4%	122,7 M €	+8.3%	113,3 M €	-3.0%	116,9 M €	+2.2%	114,4 M €	-0.6%	115,1 M €	-1.2%	116,5 M €	+1.3%	115 M €	+1.9%	112,9 M €	+2.3%	110,4 M €	+1633%	6,4 M €	+30.2%	4,9 M €
Total assets	143,3 M €	+16.6%	122,9 M €	+0.5%	122,3 M €	+3.8%	117,8 M €	-0.5%	118,4 M €	+2.4%	115,7 M €	-20.3%	145,1 M €	+12.3%	129,1 M €	-18.2%	158 M €	+26.7%	124,7 M €	-3.0%	128,5 M €	+7.3%	119,7 M €	+1.1%	118,4 M €	-0.4%	118,9 M €	+1.2%	117,4 M €	+1.3%	115,9 M €	+1.9%	113,8 M €	-1.6%	115,6 M €	+942%	11,1 M €	+19.4%	9,3 M €
Cash	246,6 k €	+178%	88,8 k €	-90.7%	951,4 k €	+1387%	64 k €	-88.4%	552,1 k €	-84.8%	3,6 M €	-16.3%	4,3 M €	+232%	1,3 M €	-79.0%	6,2 M €	-11.1%	7 M €	-23.0%	9,1 M €	+718%	1,1 M €	-53.3%	2,4 M €	+31.5%	1,8 M €	+15.4%	1,6 M €	-93.3%	23,5 M €	-21.4%	29,8 M €	-70.8%	102,1 M €	+4899%	2 M €	-17.0%	2,5 M €
Debts	22,4 M €	+347%	5 M €	-21.6%	6,4 M €	+207%	2,1 M €	-24.6%	2,8 M €	+834%	295,4 k €	-3.8%	307,2 k €	-13.5%	355,1 k €	-98.9%	31,1 M €	+1497%	1,9 M €	-87.2%	15,2 M €	+439%	2,8 M €	-29.8%	4 M €	+5.3%	3,8 M €	+311%	925 k €	-3.1%	955 k €	+11.8%	854,3 k €	-83.7%	5,2 M €	+10.5%	4,7 M €	+7.4%	4,4 M €
Other
Workforce	–		–		–		–		–		–		0,3 ETP	-40.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 16 ended

Active mandates

CAP

Managing director · since 20 octobre 2020 · until 01 septembre 2026 · 0458.688.056

Represented by Lathouwers EMIEL

Active

Christiane IVO

Director · since 20 octobre 2020 · until 01 septembre 2026

Active

Ended mandates

CAP

Managing director · since 20 octobre 2020 · until 01 septembre 2026 · 0458.688.056

Represented by Lathouwers EMIEL

Ended

CAP

Director · since 20 octobre 2020 · until 01 septembre 2026 · 0458.688.056

Represented by Lathouwers EMIEL

Ended

CAP

Director · since 22 septembre 2015 · until 01 septembre 2021 · 0458.688.056

Represented by Emiel Lathouwers

Ended

CAP

Director · since 22 septembre 2015 · until 20 octobre 2020 · 0458.688.056

Represented by Emiel Lathouwers

Ended

At this address

Other companies at this address

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ATMOSPHERE● Active	0457.530.192
CAP● Active	0458.688.056
KRABBENDIJKE● Active	0423.656.507
NIEUWE EIGEN WONING● Active	0707.952.916
ODARE● Active	1011.191.544
The Roastery● Active	0404.837.913

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Full model	Full model	Full model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/10/2025	19/11/2024	30/10/2023	25/10/2022	15/11/2021	03/12/2020
General meeting	30/09/2025	29/10/2024	30/09/2023	30/09/2022	30/09/2021	20/10/2020
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
Abridged model	31/03/2025	30/09/2025	29/10/2025	Dutch	PDF
Abridged model	31/03/2024	29/10/2024	19/11/2024	Dutch	PDF
Abridged model	31/03/2023	30/09/2023	30/10/2023	Dutch	PDF
Full model	31/03/2022	30/09/2022	25/10/2022	Dutch	PDF
Full model	31/03/2021	30/09/2021	15/11/2021	Dutch	PDF
Full model	31/03/2020	20/10/2020	03/12/2020	Dutch	PDF
Full model	31/03/2019	30/09/2019	28/10/2019	Dutch	PDF
Full model	31/03/2018	01/09/2018	22/10/2018	Dutch	PDF
Full model	31/03/2017	30/09/2017	30/10/2017	Dutch	PDF
Abridged model	31/03/2016	01/09/2016	09/11/2016	Dutch	PDF
Abridged model	31/03/2015	01/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/03/2014	01/09/2014	03/10/2014	Dutch	PDF
Abridged model	31/03/2013	01/09/2013	23/10/2013	Dutch	PDF
Abridged model	31/03/2012	01/09/2012	24/10/2012	Dutch	PDF
Abridged model	31/03/2011	01/09/2011	04/11/2011	Dutch	PDF
Abridged model	31/03/2010	01/09/2010	13/10/2010	Dutch	PDF
Abridged model	31/03/2009	01/09/2009	27/10/2009	Dutch	PDF
Abridged model	31/03/2008	01/09/2008	04/11/2008	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	24/06/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	16/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 31/03/2025 · 2 active · 16 ended

Active mandates

CAP

Managing director · since 20 octobre 2020 · until 01 septembre 2026 · 0458.688.056

Represented by Lathouwers EMIEL

Active

Christiane IVO

Director · since 20 octobre 2020 · until 01 septembre 2026

Active

Ended mandates

CAP

Managing director · since 20 octobre 2020 · until 01 septembre 2026 · 0458.688.056

Represented by Lathouwers EMIEL

Ended

CAP

Director · since 20 octobre 2020 · until 01 septembre 2026 · 0458.688.056

Represented by Lathouwers EMIEL

Ended

CAP

Director · since 22 septembre 2015 · until 01 septembre 2021 · 0458.688.056

Represented by Emiel Lathouwers

Ended

CAP

Director · since 22 septembre 2015 · until 20 octobre 2020 · 0458.688.056

Represented by Emiel Lathouwers

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office17/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/11/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office13/02/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other25/04/2008
STATUTENWIJZIGING
PDF
Registered office30/10/2006
Wijziging maatschappelijke zetel.
PDF
Mandates01/10/2004
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 202523 M €↑
2024
Annual accounts 20242 M €↓
2023
Annual accounts 20236,2 M €↑
2022
Annual accounts 20221,9 M €↓
2021
Annual accounts 20212,8 M €↑
2020
Annual accounts 2020-29,4 M €↓
2019
Annual accounts 201916 M €↑
2018
Annual accounts 20181,9 M €↓
2017
Annual accounts 201734,2 M €↑
2016
Annual accounts 20169,4 M €↑
2015
Annual accounts 20158,9 M €↑
2014
Annual accounts 20142,5 M €↑
2013
Annual accounts 2013-682,5 k €↑
2012
Annual accounts 2012-1,4 M €↓
2011
Annual accounts 20111,5 M €↓
2010
Annual accounts 20102,1 M €↓
2009
Annual accounts 20092,5 M €↓
2008
Annual accounts 2008104 M €↑
2007
Annual accounts 20071,5 M €↓
2006
Annual accounts 20061,6 M €
05/05/1994
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

SERVICES DEVELOPMENT MANAGEMENT

Overview

What does SERVICES DEVELOPMENT MANAGEMENT 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