Equity
€41,219 from €221,577 in 2017
Equity fell by 81% in 8 years.
SERWOLAR
Lifetime
12 annual accounts with figures on one time axispeak €26,057 (2015)
-€10,128▼ €1,975
lowest -€110,304 (2018)
-€17,881▼ €86
peak €221,577 (2017)
€41,219▼ 30.3%
€29,247▼ 39.9%
peak 0.2 FTE (2020)
-not published
Board1 name since 2021
1 directorSERRAES Tanguy
Documentsfilings and deeds
30-07-20261 days before the deadline
2025micro format
Gross margin from -€8,153 to -€10,128Loss of €17,881Equity from €59,100 to €41,219Debts from €48,656 to €29,247Cash from €33,302 to €9,577
Key points
from the 2025 annual accountsLosses
-€35,676 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
At the same address
49 companies
Turnover not published (micro format)
Checked score
66
Healthy
Financially stronger than 28% of micro companies in advertising and market research (NACE 73)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.5%▲ +0.3 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.9%● unchanged vs 08-2026highest value
10-2026: 0.9%● unchanged vs 09-2026highest value
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Loss of €17,881, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 2.19, cash €9,577, halved
Size: total assets €70,466
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 56% of them on solvency, 31% on liquidity, 6% on profitability and 20% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,805 companies had the same profile as SERWOLAR has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SERWOLAR itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 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 4,805 companies, not a prediction for SERWOLAR. 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.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.19 (2.02 in 2024), above the usual 1.5. Short-term debt is 41.5% and cash 13.6% of total assets. 41.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€17,881
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
28 days late
2023
30 days late
2022
24 days late
2021
30 days late
2020
31 days late
2019
48 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 27 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Ghent to Brussels
New registered office: Aarlenstraat 25, 1050 Brussel · Previous registered office: Burgstraat 150, 9000 Gent · General meeting of 15-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0536370705
Company renamed from DE WITTE PATAT to SERWOLAR
Resignation: SERRAES Tanguy (manager) · Reappointment: SERRAES Tanguy (director) · “Exploitatie van taxis; Overige posterijen en koeriers; Overige persoonlijke diensten; Verhuur van…” (deed in Dutch) · General meeting of 11-04-2023 · Gazette deed
Incorporation
published on 12-07-2013 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SERWOLAR Ixelles | €70,466 | -€10,128 | 58.5% | - |
| Bertrand Bizard Ixelles | €85,093 | -€17,589 | -289.0% | - |
| DIZZA COMMUNICATION Uccle | €68,973 | -€13,421 | 52.9% | - |
| FFC INTERNATIONAL Forest | €74,747 | -€10,390 | 99.2% | - |
| StratClan Consulting Sint-Gillis (bij-Brussel) | €73,481 | -€20,353 | -11.5% | - |
| Toogada Uccle | €59,878 | -€3,073 | 97.3% | - |
| SKYY CONSULTING Roeselare | €70,577 | -€2,475 | 90.9% | - |
These companies have the same main activity as SERWOLAR: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €59,900 and €85,100, founded between 2012 and 2015.
Official details
Source: KBO- Status
- Active since 26-06-2013Normal situation
- Registered office
- 50 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- Public relations and communication consultancyNACE 73300and 2 others
- Establishment unit
- 2.220.617.8329080 Lochristi, since 26-06-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Annual accounts 2025
- €70,466▼ 34.6%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on SERWOLAR
SERWOLAR files the micro format. That format states no turnover. The gross margin fell from €11,709 in 2014 to -€10,128 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SERWOLAR
- What is the company number of SERWOLAR?
- The company number of SERWOLAR is 0536.370.705. The VAT number is the same number with BE in front: BE 0536.370.705.
- Where is SERWOLAR based?
- The registered office is at Aarlenstraat 25, 1050 Ixelles.Company details
- What does SERWOLAR do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of SERWOLAR?
- SERWOLAR is a private limited company (BV).
- When was SERWOLAR founded?
- SERWOLAR was founded on 26-06-2013.
- Is SERWOLAR still active?
- Yes, SERWOLAR is an active enterprise in the KBO register.
- How many employees does SERWOLAR have?
- SERWOLAR had an average of 0.2 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of SERWOLAR?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is SERWOLAR profitable?
- In financial year 2025, SERWOLAR made a loss of €17,881.
- Where can I find the annual accounts of SERWOLAR?
- SERWOLAR filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SERWOLAR due?
- SERWOLAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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