SER MULTICONSTRUCT
ActiveSER MULTICONSTRUCT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64k and a net result of €14k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 54% of 7744 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+64
Solvency72▼-5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 41.47 in 2024; short-term debt: 38.6% and cash: 20.6% of total assets), but 53% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47%
Return on assets
10%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-07-2026, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
27 d early
2024
20 d late
2023
6 d late
2022
2 d early
2021
3 d early
2020
9 d early
2019
17 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€309k
EBIT margin
1.9%
Net result
€14k
2024 · €-8k
2018: €8k
2019: €2k
2020: €522
2021: €-4k
2022: €14k
2023: €3k
2024: €-8k
2018 → 2025
Working capital
€34k▼ 13.3%
2024 · €39k
2018: €40k
2019: €42k
2020: €44k
2021: €37k
2022: €54k
2023: €39k
2024: €39k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€55k▲ 34.6%€58k▲ 5.0%€51k▼ 13.1%€64k▲ 27.1%
Operating result€-1k-€23k€14k▼ 38.1%€-2k€20k
Net result€-4k-€14k€3k▼ 80.7%€-8k€14k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20k after a loss of €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137k
Fixed assets
€50k▼ 12.5%
Current assets
€86k▲ 118%
Equity and liabilities €137k
Equity
€64k▲ 27.1%
Debt
€72k▲ 55.2%
The debt ratio rises from 48.0% to 53.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▲
2024 · €6k
Cash flow
€21k▲
2024 · €-412
Solvency
47.0%▼
2024 · 52.0%
Current ratio
1.64▼
2024 · 41.47
Quick ratio
1.64▼
2024 · 41.47
Debt / equity
1.13▲
2024 · 0.92
ROE
21.3%▲
2024 · -15.1%
ROA
10.0%▲
2024 · -7.8%
Interest coverage
10.23▲
2024 · 0.93
Debt
€72k▲
2024 · €47k
Debt ≤ 1 year
€53k▲
2024 · €956
Debt > 1 year
€20k▼
2024 · €46k
Income taxes
€4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€97k€137k▲
Fixed assets21/28€58k€50k▼
Tangible fixed assets22/27€58k€50k▼
Furniture and vehicles24€58k€50k▼
Current assets29/58€40k€86k▲
Amounts receivable within one year40/41€24k€58k▲
Trade receivables40€4k€56k▲
Other amounts receivable41€19k€2k▼
Cash at bank and in hand54/58€16k€28k▲
Equity and liabilities
Total equity and liabilities10/49€97k€137k▲
Equity10/15€51k€64k▲
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Outside capital11€19k-
Other1109/19€19k-
Reserves13€34k€44k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€32k€42k▲
Profit (loss) carried forward14€-2k€2k▲
Amounts payable17/49€47k€72k▲
Amounts payable after more than one year17€46k€20k▼
Financial debts170/4€46k€20k▼
Amounts payable within one year42/48€956€53k▲
Current portion of amounts payable after more than one year42-€13k
Trade debts44€956€35k▲
Suppliers440/4€956€35k▲
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€446€2k▲
Gross operating margin9900€6k€29k▲
Operating profit (loss)9901€-2k€20k▲
Financial income75/76B€2€2▲
Recurring financial income75€2€2▲
Financial charges65/66B€6k€3k▼
Recurring financial charges65€6k€3k▼
Profit (loss) for the period before taxes9903€-8k€18k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€-8k€14k▲
Profit (loss) for the period to be appropriated9905€-8k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€12k▲
Profit (loss) brought forward from the previous period14P€6k€-2k▼
Transfer to equity691/2-€10k
To other reserves6921-€10k
The notes to these accounts (4 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
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Weakest financial yearnet €-8k ▼377%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 13current ratio 41.47
Current ratio from 3.17 to 41.47; short-term debt falls from €18k to €956.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Richard Neyberghlaan 1911020 BrusselGround area
8,436 m²
Building footprint
634 m²
Volume, LiDAR
6,117 m³
2 parcels, Brussels · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SER MULTICONSTRUCT
since 20092.177.299.810
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0354/00Z000 | Brussels | 8,177 m² | 1 · 487 m² | 12.3 m · 3 fl. |
| 21815D0021/00W003 | Brussels | 260 m² | 1 · 146 m² | 16.8 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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TRY SOLUTION
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,418. 6,185 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-04-2009
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
41001General construction of residential buildings
41003General construction of other non-residential buildings
43230Insulation installation
43291Specialised construction activities
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0473/310062