Payment terms
SER CONSTRUCT pays its suppliers 39 days later than in 2024. Customers pay 48 days later.
SER CONSTRUCT pays its suppliers 39 days later than in 2024. Customers pay 48 days later.
The 2025 accounts came 40 days late. The other four were filed on time.
Lower net result than 86% of companies in construction of buildings. Sector median €8,551 · 9,446 companies.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 38% of them on solvency, 20% on liquidity, 13% on profitability and 22% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-10-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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).
In July 2024, 3,440 companies had the same profile as SER CONSTRUCT has now. Each dot stands for 9 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SER CONSTRUCT itself is higher: 4.2% within 12 months. It rests on far more data about SER CONSTRUCT than the profile alone.
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 3,440 companies, not a prediction for SER CONSTRUCT. 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.
Liquidity is tight, with a current ratio of 1.25 (1.6 in 2024), below the usual 1.5. Short-term debt is 69.2% and cash 9.3% of total assets. 69.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 10 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SER CONSTRUCT Brussels | €124,810 | €2,640 | 30.8% | - |
| BUILDERZ Zedelgem | €117,194 | €2,812 | 21.3% | - |
| FJB CONSTRUCT Sint-Pieters-Leeuw | €125,379 | €2,173 | 41.0% | - |
| JALOZ Forest | €96,000 | €3,151 | 29.6% | - |
| SAMCRIS CONSTRUCT Dilbeek | €112,473 | €3,129 | 20.8% | - |
| SGR CONSULT Engis | €115,570 | €3,097 | 23.3% | - |
| Maison Valérie Giloteau Grez-Doiceau | €149,475 | €2,108 | 26.5% | - |
These companies have the same main activity as SER CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €96,000 and €149,000, founded between 2019 and 2021.
SER CONSTRUCT has existed since 2020. Turnover fell from €451,394 in 2021 to €344,008 in 2025.
Solvency fell in 2025 from 48.0% to 30.8% because of the loss and higher debts to suppliers.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 37% of 9,456 companies in 2025.
Higher than 34% of 9,204 companies in 2025.
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
| 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.
2025 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 |
| 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.
| 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)
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.
SER CONSTRUCT has no parent and no holdings in its annual accounts.
| LAV'BIEN
establishment since 01-02-2022 · founded in 2020 |
total assets €47,823 (2025) 0757.931.373 |
| Parnică, Alis (sole trader)
establishment since 01-10-2025 |
founded in 2025 1030.869.181 |
| Dumitraş, Corneliu (sole trader)
establishment since 27-05-2025 |
founded in 2025 1023.904.482 |
| Dumitraş, Camelia (sole trader)
establishment since 30-04-2025 |
founded in 2025 1022.875.094 |
| Dumitras, Daniel (sole trader)
establishment since 01-07-2018 |
founded in 2018 0697.685.267 |
See the function holders in the KBO register.
Deadline for the 2026 accounts: 31-05-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Emile Bockstaellaan 42 registered office 1020 Brussels | 05-08-2020 | 2.305.391.971 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21815D0326/00E004 | 94 m² | 1 · 83 m² | 16.4 m · 5 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0750.756.541
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