ACTIVE

ASSOCIATED SERVICES

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Financial year 2026 · closed on 31/03/2026

Net result

-18,6 k €

-18.8% YoY

Gross margin

98,5 k €

+11.6% YoY

Equity

386,6 k €

-4.6% YoY

What does ASSOCIATED SERVICES do?

ASSOCIATED SERVICES is a Private limited company incorporated in 2006. Its main activity is: Holiday and other short-stay accommodation. Its registered office is in Lievegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0880.619.646

Incorporation

06/04/2006

Legal form

Private limited company

Registered office

Haantjen 2
9920 Lievegem · FlandreSee on map

Contributed capital

44 600,00 €

Latest accounts

31/03/2026

Activities (NACE)

55204Holiday and other short-stay accommodation· main 55203Holiday and other short-stay accommodation 55203Holiday and other short-stay accommodation 70200Management consultancy activities

Joint committees (4)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008
Income statement
Gross margin	98,5 k €	+11.6%	88,3 k €	-17.5%	106,9 k €	+3.2%	103,6 k €	-30.2%	148,4 k €	+72.6%	86 k €	-40.2%	143,8 k €	+38.2%	104,1 k €	+55.9%	66,8 k €	+236%	19,9 k €	-86.9%	151,5 k €	-0.6%	152,5 k €	+208%	49,5 k €	-77.3%	217,8 k €	+21.1%	179,8 k €	+50.9%	119,1 k €	-30.6%	171,7 k €	-61.6%	447,8 k €
EBITDA	76,4 k €	-9.8%	84,7 k €	-17.4%	102,6 k €	+10.9%	92,5 k €	-35.9%	144,2 k €	+85.0%	77,9 k €	-34.0%	118,1 k €	+33.0%	88,8 k €	+39.5%	63,7 k €	+851%	6,7 k €	-94.1%	114,4 k €	+10.1%	103,9 k €	+985%	-11,7 k €	-112%	94,2 k €	-33.5%	141,8 k €	+74.9%	81 k €	-22.1%	104,1 k €	-36.5%	163,9 k €
Operating result	1,6 k €	-77.4%	7,2 k €	-70.8%	24,7 k €	+32.2%	18,7 k €	-76.5%	79,7 k €	+230%	24,2 k €	-60.0%	60,4 k €	+134%	25,8 k €	+200%	-25,9 k €	+67.6%	-80 k €	-427%	24,5 k €	+406%	4,8 k €	+104%	-111,9 k €	-673%	19,5 k €	-67.1%	59,4 k €	+1558%	3,6 k €	-87.3%	28,3 k €	-7.9%	30,7 k €
Net result	-18,6 k €	-18.8%	-15,7 k €	-1013%	1,7 k €	+288%	-910,9 €	-102%	55,6 k €	+638%	7,5 k €	-80.8%	39,3 k €	+536%	6,2 k €	+116%	-39,7 k €	+61.9%	-104,4 k €	-160%	173,4 k €	+2496%	-7,2 k €	+95.1%	-148,4 k €	-1009%	-13,4 k €	-270%	7,9 k €	+122%	-35,6 k €	-1167%	-2,8 k €	-195%	3 k €
Balance sheet
Equity	386,6 k €	-4.6%	405,2 k €	-3.7%	420,9 k €	+0.4%	419,2 k €	-0.2%	420,1 k €	+15.3%	364,5 k €	+2.1%	357 k €	+12.4%	317,7 k €	+2.0%	311,5 k €	-11.3%	351,3 k €	-22.9%	455,7 k €	+61.4%	282,3 k €	-2.5%	289,5 k €	+1396%	-22,3 k €	-149%	-9 k €	+46.8%	-16,8 k €	-365%	6,4 k €	-30.6%	9,2 k €
Total assets	944,6 k €	-11.2%	1,1 M €	-12.1%	1,2 M €	-2.9%	1,2 M €	-6.6%	1,3 M €	+52.3%	874,8 k €	+3.4%	846,1 k €	-3.6%	877,4 k €	-2.1%	895,9 k €	-9.5%	990,3 k €	-11.2%	1,1 M €	-19.0%	1,4 M €	-29.9%	2 M €	+84.1%	1,1 M €	-7.2%	1,1 M €	+8.3%	1,1 M €	-5.6%	1,1 M €	-20.7%	1,4 M €
Cash	163,3 k €	+6.3%	153,7 k €	-31.1%	223 k €	-24.9%	296,9 k €	-22.7%	384 k €	+233%	115,4 k €	-37.1%	183,5 k €	+62.1%	113,2 k €	+1.3%	111,8 k €	+2.1%	109,5 k €	-30.7%	158 k €	+66.6%	94,8 k €	-62.2%	250,9 k €	+719%	30,6 k €	-13.4%	35,4 k €	-25.8%	47,7 k €	-10.8%	53,5 k €	+46.8%	36,4 k €
Debts	466,9 k €	-16.3%	557,4 k €	-19.2%	689,9 k €	-5.5%	730,1 k €	-10.6%	816,4 k €	+97.1%	414,2 k €	+5.5%	392,6 k €	-15.1%	462,5 k €	-6.2%	493,3 k €	-8.6%	540 k €	-3.5%	559,7 k €	-43.0%	982 k €	-37.9%	1,6 M €	+45.3%	1,1 M €	-6.0%	1,2 M €	+7.5%	1,1 M €	-3.6%	1,1 M €	-20.7%	1,4 M €
Other
Workforce	–		0,0 ETP		–		0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP		–		–		–		–		0,8 ETP	-20.0%	1,0 ETP	-28.6%	1,4 ETP	-22.2%	1,8 ETP	+200%	0,6 ETP	-25.0%	0,8 ETP	-61.9%	2,1 ETP	-55.3%	4,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2026 · 1 active · 6 ended

Active mandates

Idesbald D'havé

Director · since 06 avril 2006

Active

Ended mandates

Annelies Matthys

Manager · since 03 octobre 2011

Ended

Idesbald D'Havé

Manager · since 06 avril 2006

Ended

Kathleen Van Hijfte

Director · since 06 avril 2006

Ended

Kathleen Van Hijfte

Manager · since 06 avril 2006

Ended

At this address

Other companies at this address

Company	CBE no.
Associated Service● Active	0745.478.454

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/06/2026	24/10/2025	06/10/2024	30/09/2023	28/10/2022	29/10/2021
General meeting	16/06/2026	26/09/2025	27/09/2024	29/09/2023	30/09/2022	30/09/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2026	16/06/2026	25/06/2026	Dutch	PDF
Abridged model	31/03/2025	26/09/2025	24/10/2025	Dutch	PDF
Abridged model	31/03/2024	27/09/2024	06/10/2024	Dutch	PDF
Abridged model	31/03/2023	29/09/2023	30/09/2023	Dutch	PDF
Abridged model	31/03/2022	30/09/2022	28/10/2022	Dutch	PDF
Abridged model	31/03/2021	30/09/2021	29/10/2021	Dutch	PDF
Micro model	31/03/2020	25/09/2020	29/10/2020	Dutch	PDF
Micro model	31/03/2019	27/09/2019	19/10/2019	Dutch	PDF
Micro model	31/03/2018	28/09/2018	04/10/2018	Dutch	PDF
Micro model	31/03/2017	29/09/2017	29/12/2017	Dutch	PDF
Abridged model	31/03/2016	26/10/2016	28/10/2016	Dutch	PDF
Abridged model	31/03/2015	25/09/2015	25/09/2015	Dutch	PDF
Abridged model	31/03/2014	30/09/2014	30/10/2014	Dutch	PDF
Abridged model	31/03/2013	30/09/2013	31/10/2013	Dutch	PDF
Abridged model	31/03/2012	28/09/2012	31/10/2012	Dutch	PDF
Abridged model	31/03/2011	30/09/2011	29/11/2011	Dutch	PDF
Abridged model	31/03/2010	24/09/2010	16/11/2010	Dutch	PDF
Abridged model	31/03/2009	25/09/2009	12/11/2009	Dutch	PDF
Abridged model	31/03/2008	26/09/2008	28/11/2008	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/03/2026 · 1 active · 6 ended

Active mandates

Idesbald D'havé

Director · since 06 avril 2006

Active

Ended mandates

Annelies Matthys

Manager · since 03 octobre 2011

Ended

Idesbald D'Havé

Manager · since 06 avril 2006

Ended

Kathleen Van Hijfte

Director · since 06 avril 2006

Ended

Kathleen Van Hijfte

Manager · since 06 avril 2006

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other09/12/2015
DIVERSEN
PDF
Mandates29/07/2013
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring29/11/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring05/06/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates09/11/2011
ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/09/2010
MAATSCHAPPELIJKE ZETEL
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

2026
Annual accounts 2026-18,6 k €↓
2025
Annual accounts 2025-15,7 k €↓
2024
Annual accounts 20241,7 k €↑
2023
Annual accounts 2023-910,9 €↓
2022
Annual accounts 202255,6 k €↑
2021
Annual accounts 20217,5 k €↓
2020
Annual accounts 202039,3 k €↑
2019
Annual accounts 20196,2 k €↑
2018
Annual accounts 2018-39,7 k €↑
2017
Annual accounts 2017-104,4 k €↓
2016
Annual accounts 2016173,4 k €↑
2015
Annual accounts 2015-7,2 k €↑
2014
Annual accounts 2014-148,4 k €↓
2012
Annual accounts 2012-13,4 k €↓
2011
Annual accounts 20117,9 k €↑
2010
Annual accounts 2010-35,6 k €↓
2009
Annual accounts 2009-2,8 k €↓
2008
Annual accounts 20083 k €
06/04/2006
IncorporationPrivate 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

ASSOCIATED SERVICES

Overview

What does ASSOCIATED SERVICES do?

Trend over 18 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