ACTIVE

Service Flat Residenties

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Financial year 2024 · Closed on 31/12/2024

Net result337,9 k €+11,6 %over 1 year

Gross margin637,1 k €-5,1 %over 1 year

Equity-2 M €+14,7 %over 1 year

Workforce2,2 ETP-40,5 %over 1 year

Identity

Source · BCE/KBO

Service Flat Residenties is a Non-profit organization incorporated in 2009. Its main activity is: Residential care activities for the elderly and disabled. Its registered office is in Ternat. It employs on average 2,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0818.720.778
Incorporation: 21/09/2009
Legal form: Non-profit organization
Registered office: Industrielaan 38 box 101
1740 Ternat · FlandreSee on map
Latest accounts: 31/12/2024
Average workforce: 2,2 ETP

Activities (NACE)

87302Residential care activities for the elderly and disabled· main 87302Residential care activities for the elderly and disabled

Joint committees (1)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 13 filings

Trend over 13 financial years

	2024		2023		2022		2021		2018
Income statement
Gross margin	637,1 k €	-5.1%	671,4 k €	+80.1%	372,8 k €	+184%	131,1 k €	-52.1%	273,4 k €
EBITDA	453,4 k €	+9.3%	414,8 k €	+227%	126,7 k €	+145%	-278,7 k €	-12.4%	-247,9 k €
Operating result	451,3 k €	+7.2%	420,9 k €	+228%	128,2 k €	+146%	-278,3 k €	+14.3%	-324,9 k €
Net result	337,9 k €	+11.6%	302,7 k €	+3358%	8,8 k €	+102%	-397,9 k €	+9.6%	-440 k €
Balance sheet
Equity	-2 M €	+14.7%	-2,3 M €	+11.7%	-2,6 M €	+0.3%	-2,6 M €	-30.4%	-2 M €
Total assets	1,3 M €	+8.4%	1,2 M €	+18.3%	1 M €	+8.5%	959 k €	+28.5%	746,2 k €
Cash	12,5 k €	-8.2%	13,6 k €	+28.5%	10,6 k €	-28.8%	14,9 k €	-52.2%	31 k €
Debts	3,3 M €	-5.8%	3,5 M €	-3.2%	3,6 M €	+2.1%	3,5 M €	+33.0%	2,7 M €
Other
Workforce	2,2 ETP	-40.5%	3,7 ETP	-2.6%	3,8 ETP	-11.6%	4,3 ETP	-54.7%	9,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

3 active · 12 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Dominique Verté	Directorsince 02/12/2013
L40635.884.884Represented by Lieven Baert	Directorsince 17/10/2023
TIME FOR QUALITY0545.881.257Represented by Martin Baert	Chairman of the board of directorssince 17/10/2023Managing director2021 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Lieven Baert	Director29/12/2017 → 2018 accounts
Hector Vermeersch	Director02/12/2013 → 2013 accounts
Joannes van den Nieuwenhuijzen	Director02/12/2013 → 2013 accounts
Luc Deheyder	Director02/12/2013 → 2013 accounts

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Industrielaan 38 1740 Ternat

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CREPI-BEL● Active	0644.996.451
DECIM● Liquidation	0437.258.776
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JDB-BUILDING & PROJECT DEVELOPMENT● Active	0546.621.229
K & R Holding● Active	0750.750.009
K&R Invest● Active	0849.817.889
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PLAFO-BEL● Active	0841.687.509
SKREDO● Active	1017.176.147
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Full financial information

Source · NBB

	2024	2023	2022	2021	2018	2017
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2018	01/01/2017
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/11/2025	27/12/2024	28/12/2023	30/12/2022	26/06/2019	31/07/2018
General meeting	27/10/2025	06/12/2024	05/12/2023	20/12/2022	21/06/2019	30/06/2018
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	27/10/2025	20/11/2025	Dutch	PDF
Abridged model	31/12/2023	06/12/2024	27/12/2024	Dutch	PDF
Abridged model	31/12/2022	05/12/2023	28/12/2023	Dutch	PDF
Abridged model	31/12/2021	20/12/2022	30/12/2022	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	26/06/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	19/08/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	01/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	14/07/2011	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2024

3 active · 12 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Dominique Verté	Directorsince 02/12/2013
L40635.884.884Represented by Lieven Baert	Directorsince 17/10/2023
TIME FOR QUALITY0545.881.257Represented by Martin Baert	Chairman of the board of directorssince 17/10/2023Managing director2021 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Lieven Baert	Director29/12/2017 → 2018 accounts
Hector Vermeersch	Director02/12/2013 → 2013 accounts
Joannes van den Nieuwenhuijzen	Director02/12/2013 → 2013 accounts
Luc Deheyder	Director02/12/2013 → 2013 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/09/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/01/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office14/06/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2016
ONTSLAG BESTUURDERS
PDF
Mandates08/01/2015
BENOEMING BESTUURDERS - BEZOLDIGINGEN - VASTE
PDF
Mandates02/01/2014
ontslag en benoeming bestuurder- wijziging maatschappelijke zetel
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings13 filings

Mandates

TIME FOR QUALITY

Dominique Verté

Lieven Baert

UwPayroll

T4Q MAYFLOWER

Luc Deheyder

Joannes van den Nieuwenhuijzen

Martin Baert

Hector Vermeersch

Stefaan Verlinden

SOPRIM@

Show the 3 other mandates

200920102011201220132014201520162017201820192020202120222023202420252026

Service Flat Residenties

Industrielaan 38 bte 101, 1740 TernatAssesteenweg 25 bte 103, 1740 Ternat

Chairman of the board of directors

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Industrielaan 38 bte 101, 1740 TernatCurrent	accounts 2024	Accounts 2024 · 2025-00571148
Assesteenweg 25 bte 103, 1740 Ternat	accounts 2021 → 2023	Accounts 2023 · 2024-00625604

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Service Flat ResidentiesCurrent	accounts 2021 → 2024	Accounts 2024 · 2025-00571148

Events

2024
Annual accounts 2024337,9 k €↑
2023
Annual accounts 2023302,7 k €↑
2022
Annual accounts 20228,8 k €↑
2021
Annual accounts 2021-397,9 k €↑
2018
Annual accounts 2018-440 k €↓
2017
Annual accounts 2017-398,3 k €↓
2016
Annual accounts 2016-384,1 k €↑
2015
Annual accounts 2015-507,4 k €↓
2014
Annual accounts 2014-218,5 k €↓
2013
Annual accounts 2013-30 k €↓
2012
Annual accounts 201273 k €↑
2011
Annual accounts 2011-22,9 k €↑
2010
Annual accounts 2010-71,2 k €
21/09/2009
IncorporationNon-profit organization

Service Flat Residenties

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events