IMMO SERMA
ActiveSummary
IMMO SERMA has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-26k) and a net result of €59k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+71
Solvency14▲+14
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.05 against 0.81 in 2024; short-term debt: 95.5% and cash: 0.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-11.4%
Return on assets
26.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 9194 sector peers (2025).
NBB · sector comparisonPosition among 9194 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
39 d late
2024
99 d late
2023
35 d late
2022
31 d late
2021
24 d late
2020
20 d late
2019
59 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€59k▲ 242%
2024 · €17k
2018: €16k
2019: €44k
2020: €2k
2021: €16k
2022: €-71k
2023: €-60k
2024: €17k
2018 → 2025
Working capital
€10k
2024 · €-47k
2018: €-25k
2019: €53k
2020: €-15k
2021: €-16k
2022: €-5k
2023: €-64k
2024: €-47k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€-43k€-102k▼ 140%€-85k▲ 17.0%€-26k▲ 69.9%
Operating result€38k-€-57k€-45k▲ 21.9%€-3k▲ 93.0%€54k
Net result€16k-€-71k€-60k▲ 15.7%€17k€59k▲ 242%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €54k after a loss of €3k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €225k
Fixed assets
€505 ▼ 43.9%
Current assets
€225k ▲ 9.4%
Key figures and ratios
EBITDA
€54k▲
2024 · €-3k
Cash flow
€60k▲
2024 · €18k
Solvency
-11.4%▲
2024 · -41.2%
Current ratio
1.05▲
2024 · 0.81
Debt to equity
-9.80▼
2024 · -3.43
ROA
26.4%▲
2024 · 8.4%
Interest coverage
29.65▲
2024 · -0.61
Debt
€251k▼
2024 · €291k
Debt ≤ 1 year
€215k▼
2024 · €253k
Debt > 1 year
€36k▼
2024 · €39k
Income taxes
€1k
Staff costs
€29k▼
2024 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€206k€225k▲
Fixed assets21/28€900€505▼
Tangible fixed assets22/27€900€505▼
Plant, machinery and equipment23€900€505▼
Current assets29/58€205k€225k▲
Amounts receivable within one year40/41€180k€224k▲
Trade receivables40€13k€10k▼
Other amounts receivable41€167k€214k▲
Cash at bank and in hand54/58€25k€598▼
Equity and liabilities
Total equity and liabilities10/49€206k€225k▲
Equity10/15€-85k€-26k▲
Contributions10/11€25k€25k=
Profit (loss) carried forward14€-110k€-51k▲
Amounts payable17/49€291k€251k▼
Amounts payable after more than one year17€39k€36k▼
Financial debts170/4€39k€33k▼
Other amounts payable178/9-€3k
Amounts payable within one year42/48€253k€215k▼
Trade debts44€24k€11k▼
Suppliers440/4€24k€11k▼
Advances received on contracts in progress46€151k€118k▼
Taxes, remuneration and social security45€14k€22k▲
Taxes450/3€14k€22k▲
Remuneration and social security454/9€95-
Other amounts payable47/48€63k€64k▲
Income statement
Code20242025
Remuneration, social security and pensions62€33k€29k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€395€395=
Other operating charges640/8€29k€8k▼
Gross operating margin9900€59k€91k▲
Operating profit (loss)9901€-3k€54k▲
Financial income75/76B€26k€9k▼
Recurring financial income75€312€9k▲
Non-recurring financial income76B€25k-
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Non-recurring financial charges66B€671-
Profit (loss) for the period before taxes9903€17k€61k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€17k€59k▲
Profit (loss) for the period to be appropriated9905€17k€59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-110k€-51k▲
Profit (loss) brought forward from the previous period14P€-127k€-110k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 39 days late
2025
31-12
Financial
Highest result since 2018net €59k ▲242%
Operating result €54k, net result €59k, both a record.
07-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 99 days late
2024
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
04-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 35 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-71k
Net result drops to €-71k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 20 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 63 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
2017
09-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 40 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Saint-Ghislain · 1 establishment unit since 2013
Ground area
1,532 m²
Building footprint
356 m²
Volume, LiDAR
3,843 m³
2 parcels, Wallonia · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Immo Serma
since 20132.220.591.801
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53009A0146/00V003 | Wallonia | 801 m² | 1 · 157 m² | 7.6 m · 2 fl. |
| 53070B0252/00D000 | Wallonia | 731 m² | 1 · 200 m² | 17.3 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 4,324 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-04-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:0032476297702
E-mail:jmmahieu@me.com