SER TEAM
ActiveThe file of SER TEAM contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
For SER TEAM, one filing cycle of the annual accounts is missing. The computed 12-month bankruptcy probability is 2.6% (moderate). The 2024 annual accounts show equity of €460,814 and a net result of -€24,715. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 51% of 3551 sector peers (fiscal year 2024).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability16▼-53
Solvency65▲+20
Growth52=
Track record85
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
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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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
40.5%
Return on assets
-2.2%
Age of the figures
27 mo
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
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 239 days later.
NBB · 9 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline27-09-2026 today
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 03-02-2025, 3 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 · 9 filingsDeviation from the deadline
2025
not filed
2024
3 d late
2023
on the day
2022
on the day
2021
on the day
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average on the deadline day; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€24,715
2023 · €9,122
Working capital
€540,633▲ 21.5%
2023 · €445,003
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€57,081▼ 73.1%€62,341▲ 9.2%€72,644▲ 16.5%€23,939▼ 67.0%-€18,078
Net result€33,369▼ 76.7%€66,481▲ 99.2%€39,630▼ 40.4%€9,122▼ 77.0%-€24,715
Equity€370,296▲ 9.9%€436,777▲ 18.0%€476,407▲ 9.1%€485,529▲ 1.9%€460,814▼ 5.1%
Total assets€2.4m▲ 5.4%€2.0m▼ 17.5%€1.5m▼ 25.2%€2.4m▲ 63.5%€1.1m▼ 52.3%
Debt€2.0m▲ 4.6%€1.5m▼ 24.1%€985,194▼ 35.1%€1.9m▲ 93.2%€678,082▼ 64.4%
Working capital€130,299▼ 0.7%€746,196▲ 473%€427,643▼ 42.7%€445,003▲ 4.1%€540,633▲ 21.5%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €18,078 after €23,939 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€16,466 ▼ 59.4%
Current assets
€1.1m ▼ 52.2%
Equity and liabilities €1.1m
Equity
€460,814 ▼ 5.1%
Debt
€678,082 ▼ 64.4%
Debt's share of the balance-sheet total falls from 79.7% to 59.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€10,499▼
2023 · €45,965
Cash flow
-€17,136▼
2023 · €31,148
Current ratio
1.93▲
2023 · 1.23
Debt to equity
1.47▼
2023 · 3.92
ROE
-5.4%▼
2023 · 1.9%
ROA
-2.2%▼
2023 · 0.4%
Interest coverage
-17.50▼
2023 · 120.96
Debt ≤ 1 year
€581,797▼
2023 · €1.9m
Income taxes
€12,724▼
2023 · €18,721
Staff costs
€33,485▲
2023 · €7,670
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €34,089 | €10,917 | ▼ 68.0% |
| Remuneration, social security and pensions62 | - | - | - | €7,670 | €33,485 | ▲ 337% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,721 | €31,418 | €23,348 | €22,026 | €7,579 | ▼ 65.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €134,309 | - |
| Other operating charges640/8 | - | - | €5,650 | €1,311 | €108,960 | ▲ 8,211% |
| Non-recurring operating charges66A | - | - | €12,036 | - | €7,688 | - |
| Gross operating margin9900 | €96,396 | €96,086 | €113,678 | €54,946 | €273,943 | ▲ 399% |
| Operating profit (loss)9901 | €57,081 | €62,341 | €72,644 | €23,939 | -€18,078 | ▼ 176% |
| Financial income75/76B | - | - | €921 | €4,284 | €6,687 | ▲ 56.1% |
| Recurring financial income75 | €16,814 | €32,157 | €921 | €4,284 | €6,687 | ▲ 56.1% |
| Financial charges65/66B | - | - | €1,652 | €380 | €600 | ▲ 57.9% |
| Recurring financial charges65 | €1,905 | €1,247 | €1,652 | €380 | €600 | ▲ 57.9% |
| Profit (loss) for the period before taxes9903 | €71,990 | €93,251 | €71,913 | €27,843 | -€11,991 | ▼ 143% |
| Income taxes67/77 | €38,621 | €26,770 | €32,283 | €18,721 | €12,724 | ▼ 32.0% |
| Profit (loss) for the period9904 | €33,369 | €66,481 | €39,630 | €9,122 | -€24,715 | ▼ 371% |
| Profit (loss) for the period to be appropriated9905 | €33,369 | €66,481 | €39,630 | €9,122 | -€24,715 | ▼ 371% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.0m | €1.5m | €2.4m | €1.1m | ▼ 52.3% |
| Fixed assets21/28 | €240,068 | €83,684 | €54,550 | €40,526 | €16,466 | ▼ 59.4% |
| Tangible fixed assets22/27 | €225,683 | €69,299 | €40,165 | €26,141 | €1,294 | ▼ 95.0% |
| Plant, machinery and equipment23 | - | - | €30,303 | €18,216 | €1,294 | ▼ 92.9% |
| Furniture and vehicles24 | - | - | €9,862 | €7,925 | - | - |
| Financial fixed assets28 | €14,385 | €14,385 | €14,385 | €14,385 | €15,172 | ▲ 5.5% |
| Current assets29/58 | €2.1m | €1.9m | €1.4m | €2.3m | €1.1m | ▼ 52.2% |
| Amounts receivable after more than one year29 | - | - | €433,954 | €433,954 | €433,954 | = |
| Other amounts receivable291 | - | - | €433,954 | €433,954 | €433,954 | = |
| Stocks and contracts in progress3 | €9,562 | €9,562 | €9,562 | €9,562 | - | - |
| Stocks30/36 | - | - | €9,562 | €9,562 | - | - |
| Amounts receivable within one year40/41 | €1.8m | €1.7m | €721,337 | €1.6m | €659,172 | ▼ 58.0% |
| Trade receivables40 | - | - | €683,299 | €1.5m | €490,689 | ▼ 66.3% |
| Other amounts receivable41 | - | - | €38,038 | €114,709 | €168,483 | ▲ 46.9% |
| Cash at bank and in hand54/58 | €348,546 | €195,525 | €238,214 | €309,051 | €23,261 | ▼ 92.5% |
| Deferred charges and accrued income490/1 | - | - | €3,984 | €25,346 | €6,043 | ▼ 76.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.0m | €1.5m | €2.4m | €1.1m | ▼ 52.3% |
| Equity10/15 | €370,296 | €436,777 | €476,407 | €485,529 | €460,814 | ▼ 5.1% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | €18,600 | €18,600 | - | - |
| Other1109/19 | - | - | €18,600 | €18,600 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €349,836 | €416,317 | €455,947 | €465,069 | €440,354 | ▼ 5.3% |
| Amounts payable17/49 | €2.0m | €1.5m | €985,194 | €1.9m | €678,082 | ▼ 64.4% |
| Amounts payable within one year42/48 | €2.0m | €1.1m | €979,408 | €1.9m | €581,797 | ▼ 69.4% |
| Trade debts44 | €1.9m | €1.0m | €847,172 | €1.8m | €531,021 | ▼ 69.9% |
| Suppliers440/4 | - | - | €847,172 | €1.8m | €531,021 | ▼ 69.9% |
| Taxes, remuneration and social security45 | - | - | €132,236 | €141,726 | €50,776 | ▼ 64.2% |
| Taxes450/3 | - | - | €126,787 | €129,200 | €37,334 | ▼ 71.1% |
| Remuneration and social security454/9 | - | - | €5,449 | €12,526 | €13,442 | ▲ 7.3% |
| Accrued charges and deferred income492/3 | - | - | €5,786 | - | €96,285 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,369 | €66,481 | €39,630 | €9,122 | -€24,715 | ▼ 371% |
| + Depreciation and write-downs630 | €37,721 | €31,418 | €23,348 | €22,026 | €7,579 | ▼ 65.6% |
| Operating cash flow (approximation) | €71,090 | €97,899 | €62,978 | €31,148 | -€17,136 | ▼ 155% |
| Investment in fixed assets (approximation) | - | €124,966 | €5,786 | -€8,002 | €16,481 | ▲ 306% |
| Change in cash | - | -€153,021 | €42,689 | €70,837 | -€285,790 | ▼ 503% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 3 days late
2024
30-06
Financial
Weakest financial yearnet -€24,715
Net result drops to -€24,715, the lowest in the series.
19-06
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · event 10-06-2024
21-05
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 13-05-2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 124 days late
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 128 days late
2017
01-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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 2015
Ground area
429 m²
Building footprint
404 m²
Volume, LiDAR
6,052 m³
Parcel 21803C0379/00S000, Brussels · tallest building 19.4 m, ±5 floors. Linked by address, not a title deed.
53
companies at this address
See who is registered here
1 establishment unit
SER TEAM
since 20152.238.356.261
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0379/00S000 | Brussels | 429 m² | 1 · 404 m² | 19.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VINCENT TERLINDEN Avenue Louise 349/16,
1050 IXELLES |
13-05-2024 → 10-06-2024 |
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,667. 4,120 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded12-01-2015
Fiscal year end30-06
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
42211Civil engineering
43120Site preparation
43211General electrical installation work
43240Other construction installation
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0568617067
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.