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Complete company report
Generated 24-08-2026
Active BE 0784.884.210Private limited company

SENER Seraing CCGT

Louizalaan 65 ·1050 Elsene, Belgium· 4 yrs active
Sector: Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts (71121)
Conclusion Checked

The computed 12-month bankruptcy probability of SENER Seraing CCGT is 1.4% (low). The 2024 annual accounts show negative equity (€-4.70M) and a net result of €-5.08M. Equity is shrinking by ~611.7% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-4.70M
Net result €-5.08M
Staff (FTE) 7.4
Active 4 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health37Profitability50Solvency45Growth55Stability94
56 / 100

Mixed profile: strong on stability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 37
Profitability 50
Solvency 45
Growth 55
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
1.4% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector −Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2024 · computed
37 / 100 Weak
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 22-07-2026 with the NBB · fiscal year 2024 · ander
€-20.00M€0€20.00M€40.00MRevenue 2022: €11.39M€11.39MOperating result 2022: €-12k€-12kNet result 2022: €-12k€-12kRevenue 2023: €27.86M€27.86MOperating result 2023: €-67k€-67kNet result 2023: €390k€390kRevenue 2024: €39.78M€39.78MOperating result 2024: €-6.32M€-6.32MNet result 2024: €-5.08M€-5.08M202220232024
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~611.7%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-15.00M€-10.00M€-5.00M€02025: €-7.04M (€-7.42M - €-6.67M)2026: €-9.39M (€-9.76M - €-9.01M)2027: €-11.73M (€-12.11M - €-11.36M)2022: €-7k2023: €383k2024: €-4.70M202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Revenue
€39.78M
+42.8% 22-24
Net profit
€-5.08M
- 22-24
Total assets
€34.36M
+2.2% 22-24
Equity
€-4.70M
- 22-24
Working capital
€419k
+9.2% 22-24
Employees (FTE)
7
+362.5% 22-24
Staff costs
€827k
+202.9% 22-24
Income taxes
€0
-100.0% 22-24
Show 9 other metrics
Debt
€33.94M
+2.2% 22-24
Debt ≤ 1y
€33.94M
+2.2% 22-24
Current ratio
1.01
+0.1% 22-24
Quick ratio
0.94
+0.1% 22-24
Solvency
-13.7%
- 22-24
Debt / equity
-7.23
- 22-24
ROE
108.2%
+6.2% 22-24
ROA
-14.8%
- 22-24
Net margin
-12.8%
- 22-24
Figures by fiscal year
Fiscal year2024
Depositander
Revenue€39.78M
EBITDA-
Net profit€-5.08M
Cash flow-
Staff costs€827k
Income taxes€0
Dividends-
Total assets€34.36M
Equity€-4.70M
Debt€33.94M
of which ≤ 1y€33.94M
of which > 1y-
Working capital€419k
Employees (FTE)7.4
Ratios (computed)
2024
Current ratio1.01
Quick ratio0.94
Working capital ratio1.2%
Solvency-13.7%
Debt / equity-7.23
Long-term debt ratio-
Interest coverage-
Gross margin50.0%
Net margin-12.8%
ROA-14.8%
ROE108.2%
EBITDA margin-
Days sales outstanding1d
Days payable outstanding193d
Inventory turnover8.69
Days inventory (DSI)42d
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€34.36M
Current assets 29/58€34.36M
Stocks & contracts in progress 3€2.29M
Amounts receivable within one year 40/41€1.89M
Cash & bank 54/58€30.18M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€34.36M
Equity 10/15€-4.70M
Contributions / capital 10/11€5k
Accumulated profits (losses) 14€-4.70M
Provisions & deferred taxes 16€5.12M
Amounts payable 17/49€33.94M
Amounts payable within one year 42/48€33.94M
Trade debts payable within one year 44€10.55M
Income statement
Turnover 70€39.78M
Operating result 9901€-6.32M
Financial income 75€1.31M
Financial charges 65€69k
Result before taxes 9903€-5.08M
Income taxes 67/77€0
Net result for the period 9904€-5.08M
Result to be appropriated 9905€-5.08M
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 4 directors
Current directors & mandates
  • Eduardo COLMENAR
    Director
    State Gazette act 25127794 (09-10-2025)
    Current
    30-09-2025 → present
  • Luis Moros Coscolin
    Director
    State Gazette act 23036333 (14-03-2023)
    Current
    17-02-2023 → present
Former directors (2)
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor 1 auditor
Statutory auditor IRE/IBR number Tenure
SRL Ernst et Young Réviseurs d'EntreprisesCurrent
Statutory auditor · represented by Emilie VAN CALLEMONT
 - 14-02-2025 → present
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Legal Structure
NACE primary Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts(71121)
Legal form Private limited company(610)
Incorporation15-04-2022
StatusActive
Postal code1050
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0007/00R000 Brussels 1,683 m² 1 · 2,433 m² 35.6 m · 9 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 8 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
22-07-2026
NBB filing Annual accounts filed
fiscal year 2024 · ander
10-03-2026
State Gazette act Director changes
2025
03-12-2025
NBB filing Annual accounts filed
fiscal year 2023 · ander
09-10-2025
State Gazette act Director changes
v3.2
26-02-2025
NBB filing Annual accounts filed
fiscal year 2022 · ander
14-02-2025
State Gazette act Director changes
v3.2
2023
14-03-2023
State Gazette act Director changes
v3.2
2022
20-04-2022
State Gazette act Incorporation
oprichting
Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 5 acts
All acts · 5 updated 5 months ago
2026
10-03-2026 Change in the board of directors Director changes
Technical details 
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        "name": "Tiberghien",
        "address": "Avenue du Port 86C bo\u00EEte 419, 1000 Bruxelles",
        "country": "BE",
        "legal_form": "SRL"
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        "name": "S\u00E9bastien Massaro",
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2025
09-10-2025 1 director appointed, 1 resigning Director changes
  • Eduardo COLMENAR, Bestuurder
  • Jorge NICOLAS BARBAGERO, Bestuurder
Summary: v3.2
Technical details 
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      "evidence_quote": "L\u0027actionnaire unique d\u00E9cide de r\u00E9voquer Monsieur Jorge NICOLAS BARBAGERO, et ce, avec effet au 30 septembre 2025. L\u0027actionnaire unique octroie une d\u00E9charge provisoire \u00E0 Monsieur Jorge NICOLAS BARBAGERO pour l\u0027exercice de son mandat durant l\u0027exercice social de 2025 jusqu\u0027\u00E0 la date des pr\u00E9sentes d\u00E9cis",
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14-02-2025 Emilie VAN CALLEMONT appointed as statutory auditor Director changes
  • Emilie VAN CALLEMONT, Commissaris
Summary: v3.2
Technical details 
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2023
14-03-2023 1 director appointed, 1 resigning Director changes
  • Luis Moros Coscolin, Bestuurder
  • José Herrero Belon, Bestuurder
Summary: v3.2
Technical details 
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      "effective_date": "2023-02-17",
      "evidence_quote": "L\u0027actionnaire unique octroie une d\u00E9charge \u00E0 Monsieur Jos\u00E9 Herrero Belon pour l\u0027exercice de son mandat durant les exercices sociaux 2022-2023 jusqu\u0027\u00E0 la date des pr\u00E9sentes d\u00E9cisions.",
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      "evidence_quote": "L\u0027actionnaire unique d\u00E9cide de nommer en tant qu\u0027administrateur de la Soci\u00E9t\u00E9, et ce avec effet au le vendredi 17 f\u00E9vrier 2023 et pour une dur\u00E9e indetermin\u00E9e, Monsieur Luis Moros Coscolin"
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  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0784.884.210",
    "name_full": "SENER SERAING CCGT",
    "legal_form": "SRL"
  }
}
2022
20-04-2022 Incorporation of a new SRL Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "1050 Ixelles, Avenue Louise 65 bte 11",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": {
        "kbo": null,
        "name": "SENER INGENERIA Y SYSTEMAS SA"
      },
      "kind": "rechtspersoon",
      "person": null,
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": "SENER INGENERIA Y SYSTEMAS SA",
      "contribution_type": "cash",
      "amount_paid_in_eur": 0,
      "holder_person_name": null,
      "is_subscriber_only": true,
      "n_shares_subscribed": 100,
      "amount_subscribed_eur": 5000,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 5000,
  "subject_company": {
    "kbo": "0784.884.210",
    "name_full": "SENER Seraing CCGT",
    "legal_form": "SRL"
  },
  "initial_directors": [],
  "incorporation_date": "2022-04-15",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts71121
Primary activity highlighted.
Names & trade names
Legal nameFR SENER Seraing CCGT
Registered office
Louizalaan 65 bus 11
1050 Elsene, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative