SER CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of SER CONSTRUCT is 4.1% (elevated). The 2025 annual accounts show equity of €38k and a net result of €-11k. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 7453 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
30
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▼-54
Solvency56▼-17
Growth39▼-6
Track record100
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.25 against 1.6 in 2024; short-term debt: 69.2% and cash: 9.3% of total assets), and 69.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
30.8%
Return on assets
-8.4%
Age of the figures
11 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 10-07-2026, 40 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
40 d late
2024
2 d early
2023
39 d early
2022
15 d early
2021
34 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-10-2026 close31-05-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€344k▼ 21.6%
2024 · €439k
2021: €451k
2022: €309k
2023: €338k
2024: €439k
2021 → 2025
EBIT margin
-2.5%▼ 5.9pp
2024 · 3.4%
2021: 4.7%
2022: 3.0%
2023: 5.3%
2024: 3.4%
2021 → 2025
Net result
€-11k
2024 · €8k
2021: €17k
2022: €7k
2023: €13k
2024: €8k
2021 → 2025
Working capital
€22k▼ 29.3%
2024 · €30k
2021: €14k
2022: €25k
2023: €42k
2024: €30k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€451k-€309k▼ 31.5%€338k▲ 9.5%€439k▲ 29.7%€344k▼ 21.6%
Equity€22k-€28k▲ 30.3%€41k▲ 45.1%€49k▲ 18.9%€38k▼ 21.5%
Operating result€21k-€9k▼ 56.8%€18k▲ 94.0%€15k▼ 16.0%€-9k
Net result€17k-€7k▼ 60.7%€13k▲ 94.3%€8k▼ 39.1%€-11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €15k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125k
Fixed assets
€17k ▼ 17.3%
Current assets
€108k ▲ 32.3%
Equity and liabilities €125k
Equity
€38k ▼ 21.5%
Debt
€86k ▲ 62.7%
Debt's share of the balance-sheet total rises from 52.0% to 69.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2024 · €21k
Cash flow
€-6k▼
2024 · €14k
Current ratio
1.25▼
2024 · 1.60
Debt to equity
2.25▲
2024 · 1.08
ROE
-27.3%▼
2024 · 15.9%
ROA
-8.4%▼
2024 · 7.6%
Interest coverage
-5.03▼
2024 · 10.05
Debt ≤ 1 year
€86k▲
2024 · €51k
Income taxes
€4k▼
2024 · €6k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€102k€125k▲
Fixed assets21/28€20k€17k▼
Tangible fixed assets22/27€20k€17k▼
Furniture and vehicles24€20k€17k▼
Current assets29/58€82k€108k▲
Amounts receivable within one year40/41€61k€93k▲
Trade receivables40€35k€72k▲
Other amounts receivable41€26k€21k▼
Cash at bank and in hand54/58€16k€12k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€102k€125k▲
Equity10/15€49k€38k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€44k€33k▼
Amounts payable17/49€53k€86k▲
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€51k€86k▲
Current portion of amounts payable after more than one year42€3k€2k▼
Trade debts44€40k€69k▲
Suppliers440/4€40k€69k▲
Taxes, remuneration and social security45€8k€16k▲
Taxes450/3€6k€12k▲
Remuneration and social security454/9€2k€4k▲
Income statement
Code20242025
Turnover70€439k€344k▼
Non-recurring operating income76A€12k-
Goods, raw materials, services and sundry goods60/61€429k€341k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€5k▼
Other operating charges640/8-€7k
Gross operating margin9900€21k€3k▼
Operating profit (loss)9901€15k€-9k▼
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€2k€808▼
Recurring financial charges65€2k€808▼
Profit (loss) for the period before taxes9903€14k€-7k▼
Income taxes67/77€6k€4k▼
Profit (loss) for the period9904€8k€-11k▼
Profit (loss) for the period to be appropriated9905€8k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€33k▼
Profit (loss) brought forward from the previous period14P€36k€44k▲
The notes to these accounts (5 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
2025
31-10
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series.
29-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brussel · 1 establishment unit since 2020
Ground area
94 m²
Building footprint
83 m²
Volume, LiDAR
1,162 m³
Parcel 21815D0326/00E004, Brussels · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
SER CONSTRUCT
since 20202.305.391.971
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0326/00E004 | Brussels | 94 m² | 1 · 83 m² | 16.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CANHOUSE
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MS POWER
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Drogenbos · Eq €38,443
CBOUW
BE 0680.508.250
Grimbergen · Eq €38,404
Solidfence
BE 0738.840.288
Aalst · Eq €38,399
EMMO
BE 0802.349.158
Antwerpen · Eq €38,384
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,813 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
Founded16-07-2020
Fiscal year end31-10
Activities, NACEBEL 2025
41001General construction of residential buildings
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.