SER CONSTRUCT
Annual accounts 2025
micro format, filed on 10-07-2026, 40 days lateMoney flows
of every €100 of turnover, €3.05 was lost in 2025Balance sheet
balance sheet total €124,810 on 31-10-2025in euro
in euro
Position in the sector
30.8%
Higher than 37% of 9,456 companies in 2025.
1.25
Higher than 34% of 9,204 companies in 2025.
-8.4%
Higher than 14% of 9,276 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
124,810 | 102,011 | 92,184 | 72,114 | 69,940 | |
21/28 |
16,910 | 20,457 | 4,862 | 16,569 | 28,277 | |
22/27 |
16,910 | 20,457 | 4,862 | 16,569 | 28,277 | |
24 |
16,910 | 20,457 | 4,862 | 16,569 | 28,277 | |
29/58 |
107,900 | 81,554 | 87,322 | 55,545 | 41,663 | |
40/41 |
93,042 | 61,129 | 59,894 | 38,410 | 28,106 | |
40 |
72,485 | 35,409 | 36,479 | 15,498 | 7,038 | |
41 |
20,557 | 25,719 | 23,416 | 22,912 | 21,067 | |
54/58 |
11,614 | 16,354 | 27,428 | 17,134 | 13,557 | |
490/1 |
3,245 | 4,071 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
124,810 | 102,011 | 92,184 | 72,114 | 69,940 | |
10/15 |
38,424 | 48,926 | 41,139 | 28,344 | 21,760 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
14 |
33,424 | 43,926 | 36,139 | 23,344 | 16,760 | |
17/49 |
86,386 | 53,084 | 51,046 | 43,770 | 48,180 | |
17 |
- | 1,956 | 5,309 | 12,728 | 20,147 | |
170/4 |
- | 1,956 | 5,309 | 12,728 | 20,147 | |
42/48 |
86,386 | 51,128 | 45,737 | 31,042 | 28,033 | |
42 |
1,956 | 3,353 | 7,419 | 7,419 | 5,895 | |
44 |
68,519 | 39,616 | 35,105 | 13,374 | 9,178 | |
440/4 |
68,519 | 39,616 | 35,105 | 9,698 | 9,178 | |
441 |
- | - | - | 3,676 | - | |
45 |
15,911 | 8,160 | 3,213 | 10,249 | 12,961 | |
450/3 |
11,866 | 6,410 | 3,213 | 1,660 | 4,211 | |
454/9 |
4,045 | 1,750 | - | 8,589 | 8,750 | |
| Income statement | ||||||
70 |
344,008 | 438,889 | 338,291 | 309,029 | 451,394 | |
76A |
- | 11,769 | - | - | - | |
9900 |
2,640 | 21,487 | 29,585 | 20,880 | 28,310 | |
60/61 |
341,367 | 429,172 | 308,706 | 288,150 | 423,084 | |
630 |
4,617 | 6,534 | 11,708 | 11,708 | 6,982 | |
640/8 |
6,702 | - | 83 | - | 83 | |
9901 |
-8,678 | 14,953 | 17,795 | 9,172 | 21,245 | |
75/76B |
2,699 | 1,382 | 1,075 | 1,088 | 798 | |
75 |
2,699 | 1,382 | 1,075 | 1,088 | 798 | |
65/66B |
808 | 2,137 | 2,862 | 2,015 | 1,072 | |
65 |
808 | 2,137 | 2,862 | 2,015 | 1,072 | |
9903 |
-6,787 | 14,198 | 16,008 | 8,244 | 20,971 | |
67/77 |
3,715 | 6,410 | 3,213 | 1,660 | 4,211 | |
9904 |
-10,503 | 7,788 | 12,794 | 6,584 | 16,760 | |
9905 |
-10,503 | 7,788 | 12,794 | 6,584 | 16,760 | |
| Appropriation of the result | ||||||
9906 |
33,424 | 43,926 | 36,139 | 23,344 | 16,760 | |
14P |
43,926 | 36,139 | 23,344 | 16,760 | - | |
| Document | ||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 10-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 40 days after the deadline. Filed on 10 July 2026, deadline 31 May 2026 (7 months after the close on 31 October 2025, Companies Code art. 3:10). Source: NBB, 2026-00290000.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-10-2025 | micro format | 10-07-2026 | 2026-00290000 | |
| 31-10-2024 | micro format | 29-05-2025 | 2025-00120099 | |
| 31-10-2023 | micro format | 22-04-2024 | 2024-00070976 | |
| 31-10-2022 | micro format | 16-05-2023 | 2023-00090136 | |
| 31-10-2021 | micro format | 27-04-2022 | 2022-20013947 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| -4,061 | 21,487 | 29,502 | 20,880 | 28,227 | ||
| -5,885 | 14,322 | 24,502 | 18,292 | 23,742 | ||
| 1,070 | 22,730 | 0 | 0 | 35,259 | ||
| -4,740 | -11,075 | 10,294 | 3,577 | - | ||
| 21,514 | 30,425 | 41,586 | 24,502 | 13,630 | ||
| -2.5% | 3.4% | 5.3% | 3.0% | 4.7% | ||
| 30.8% | 48.0% | 44.6% | 39.3% | 31.1% | ||
| 1.25 | 1.60 | 1.91 | 1.79 | 1.49 | ||
| 2.25 | 1.08 | 1.24 | 1.54 | 2.21 | ||
| -27.3% | 15.9% | 31.1% | 23.2% | 77.0% | ||
| -8.4% | 7.6% | 13.9% | 9.1% | 24.0% | ||
| -5.03 | 10.05 | 10.31 | 10.36 | 26.32 | ||
| 77 days | 29 days | 39 days | 18 days | 6 days | ||
| 73 days | 34 days | 42 days | 17 days | 8 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 31-10-2025 | 31-10-2024 | 31-10-2023 | 31-10-2022 | 31-10-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,070 | €22,730 | - | - | €35,259 |
| €4,617 | €6,534 | €11,708 | €11,708 | €6,982 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SER CONSTRUCT
The operating result for 2025 is a loss of €8,678, after a profit of €14,953 in 2024. It is the lowest result since 2021.
Debt's share of the balance-sheet total rises from 52.0% to 69.2%. Equity is lower and debt is higher.