Sereni Digital
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 5 filings
Turnover
€19,986
EBIT margin
-66.5%
Net result
€36,190
2024 · -€20,156
Working capital
€1.7m▲ 45.9%
2024 · €1.2m
Multi-year overview
2021 to 2025, 5 financial yearsTurnover
no figure
2025
20212025
Operating result
-€18,983
▼ 42.9%
2025
20212025
Net result
€36,190
2025
middle half of the sector
20212025
EBIT margin
no figure
2025
20212025
Equity
€2.6m
▲ 25.9%
2025
highest quarter of the sector
20212025
Total assets
€2.9m
▲ 5.3%
2025
highest quarter of the sector
20212025
Debt
€273,113
▼ 59.0%
2025
20212025
Working capital
€1.7m
▲ 45.9%
2025
highest quarter of the sector
20212025
Solvency
90.5%
▲ 14.8pp
2025
highest quarter of the sector
20212025
Current ratio
7.25
▲ 4.49
2025
highest quarter of the sector
20212025
Return on assets (ROA)
1.3%
▲ 2.0pp
2025
middle half of the sector
20212025
Staff (FTE)
0
2025
lowest quarter of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Turnover€0.02m
Operating result-€0.001m-€0.002m€0.006m▲ 201%-€0.01m-€0.02m▼ 42.9%
Net result-€0.001mwithin the sector's middle half-€0.002mwithin the sector's middle half€0.004mwithin the sector's middle half▲ 151%-€0.02mbelow the sector's middle half€0.04mwithin the sector's middle half
EBIT margin-66.5%
Equity€0.02mbelow the sector's middle half-€0.02mbelow the sector's middle half▲ 8.8%€0.02mwithin the sector's middle half▲ 20.2%€2.1mabove the sector's middle half▲ 85×€2.6mabove the sector's middle half▲ 25.9%
Total assets€0.02mbelow the sector's middle half-€0.02mbelow the sector's middle half▲ 4.8%€0.03mbelow the sector's middle half▲ 31.7%€2.7mabove the sector's middle half▲ 90×€2.9mabove the sector's middle half▲ 5.3%
Debt€0.003m-€0.003m▼ 16.8%€0.006m▲ 114%€0.7m▲ 110×€0.3m▼ 59.0%
Working capital€0.02mwithin the sector's middle half-€0.02mwithin the sector's middle half▲ 8.8%€0.02mwithin the sector's middle half▲ 20.2%€1.2mabove the sector's middle half▲ 48×€1.7mabove the sector's middle half▲ 45.9%
Solvency84.5%above the sector's middle half-87.7%above the sector's middle half▲ 3.2pp80.0%above the sector's middle half▼ 7.7pp75.7%above the sector's middle half▼ 4.3pp90.5%above the sector's middle half▲ 14.8pp
Current ratio6.44above the sector's middle half-8.11above the sector's middle half▲ 1.675.00above the sector's middle half▼ 3.112.76within the sector's middle half▼ 2.247.25above the sector's middle half▲ 4.49
Return on assets (ROA)-6.4%below the sector's middle half-7.1%within the sector's middle half▲ 13.4pp13.4%above the sector's middle half▲ 6.4pp-0.7%below the sector's middle half▼ 14.2pp1.3%within the sector's middle half▲ 2.0pp
Staff (FTE)0below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Personal service activities (NACE 96). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €18,983, larger than the loss of €13,282 in 2024. It is the lowest result since 2021.
Large changes and their cause
- 2024 Equity +8,422%, Total assets +8,909% on 2023. Capital increase of €1,602,555 (Official Gazette 15-03-2024).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.9m
Fixed assets
€901,860 =
Current assets
€2.0m ▲ 7.8%
Equity and liabilities €2.9m
Equity
€2.6m ▲ 25.9%
Debt
€273,113 ▼ 59.0%
Debt's share of the balance-sheet total falls from 24.3% to 9.5%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.10▼
2024 · 0.32
ROE
1.4%▲
2024 · -1.0%
Debt ≤ 1 year
€273,113▼
2024 · €665,691
Income taxes
€5,837
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | €901,860 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €19,986 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €31,620 | - | - |
| Other operating charges640/8 | - | €327 | €846 | €984,223 | €1,098 | ▼ 99.9% |
| Non-recurring operating charges66A | - | - | - | €560 | €0 | ▼ 100% |
| Gross operating margin9900 | -€1,366 | €2,407 | €7,096 | €971,501 | -€17,885 | - |
| Operating profit (loss)9901 | -€1,366 | €2,080 | €6,250 | -€13,282 | -€18,983 | ▼ 42.9% |
| Financial income75/76B | - | €0 | €0 | €8,247 | €91,855 | ▲ 11× |
| Recurring financial income75 | - | €0 | €0 | €8,247 | €91,855 | ▲ 11× |
| Financial charges65/66B | €35 | €382 | €707 | €15,121 | €30,845 | ▲ 104% |
| Recurring financial charges65 | €35 | €382 | €707 | €15,121 | €30,845 | ▲ 104% |
| Profit (loss) for the period before taxes9903 | -€1,401 | €1,697 | €5,543 | -€20,156 | €42,026 | - |
| Income taxes67/77 | - | €70 | €1,461 | - | €5,837 | - |
| Profit (loss) for the period9904 | -€1,401 | €1,628 | €4,082 | -€20,156 | €36,190 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,401 | €1,628 | €4,082 | -€20,156 | €36,190 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.02m | €0.02m | €0.03m | €2.7m | €2.9m | ▲ 5.3% |
| Fixed assets21/28 | - | - | - | €0.9m | €0.9m | = |
| Financial fixed assets28 | - | - | - | €0.9m | €0.9m | = |
| Current assets29/58 | €0.02m | €0.02m | €0.03m | €1.8m | €2.0m | ▲ 7.8% |
| Amounts receivable within one year40/41 | €0.002m | €0 | €0.001m | €1.8m | €1.9m | ▲ 5.3% |
| Trade receivables40 | €0.002m | €0 | €0.001m | - | €158 | - |
| Other amounts receivable41 | €207 | €0 | €23 | €1.8m | €1.9m | ▲ 5.3% |
| Cash at bank and in hand54/58 | €0.02m | €0.02m | €0.03m | €0.05m | €0.09m | ▲ 104% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.002m | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.02m | €0.02m | €0.03m | €2.7m | €2.9m | ▲ 5.3% |
| Equity10/15 | €0.02m | €0.02m | €0.02m | €2.1m | €2.6m | ▲ 25.9% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €2.1m | €2.6m | ▲ 24.0% |
| Reserves13 | - | €226 | €0.004m | €0.004m | €0.004m | = |
| Distributable reserves133 | - | €226 | €0.004m | €0.004m | €0.004m | = |
| Profit (loss) carried forward14 | -€0.001m | €0 | - | -€0.02m | €0.02m | - |
| Amounts payable17/49 | €0.003m | €0.003m | €0.006m | €0.7m | €0.3m | ▼ 59.0% |
| Amounts payable within one year42/48 | €0.003m | €0.003m | €0.006m | €0.7m | €0.3m | ▼ 59.0% |
| Trade debts44 | €0.002m | €0.001m | €0.002m | €0.08m | €0.001m | ▼ 98.2% |
| Suppliers440/4 | €0.002m | €0.001m | €0.002m | €0.08m | €0.001m | ▼ 98.2% |
| Taxes, remuneration and social security45 | - | €316 | €0.002m | €0.1m | €0.005m | ▼ 96.1% |
| Taxes450/3 | - | €316 | €0.002m | €0.1m | €0.005m | ▼ 96.1% |
| Other amounts payable47/48 | €0.002m | €0.002m | €0.002m | €0.5m | €0.3m | ▼ 41.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,401 | €1,628 | €4,082 | -€20,156 | €36,190 | - |
| Operating cash flow (approximation) | -€1,401 | €1,628 | €4,082 | -€20,156 | €36,190 | - |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €3,106 | €6,275 | €16,205 | €47,374 | ▲ 192% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,639 companies had the same profile as Sereni Digital has now. Two years later, 95.5% were still going and 0.5% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.5%
was still going
3.7%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Sereni Digital itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,639 companies, not a prediction for Sereni Digital. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-07-2026 | 2026-00231284 | |
| 31-12-2024 | abbreviated format | 01-07-2025 | 2025-00226046 | |
| 31-12-2023 | abbreviated format | 31-07-2024 | 2024-00334606 | |
| 31-12-2022 | abbreviated format | 24-07-2023 | 2023-00267460 | |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20133085 |