Ser -Tech Cleaning

Open bankruptcy

Public limited companyfounded 2018Leuvensesteenweg 192, 3290 Diest, BelgiumKBO/BCE: BE 0702.816.171

A bankruptcy procedure is open for Ser -Tech Cleaning according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €831k and a net result of €224k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-08-2024, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

26 d late

2022

28 d late

2021

2 d late

2020

18 d late

2019

21 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, abbreviated schema

Equity

€831k▲ 37.0%

2022 · €607k

2019: €78k 2020: €144k 2021: €282k 2022: €607k

2019 → 2023

Total assets

€1.65M▲ 13.6%

2022 · €1.46M

2019: €367k 2020: €734k 2021: €1.04M 2022: €1.46M

2019 → 2023

Net result

€224k▼ 31.0%

2022 · €325k

2019: €17k 2020: €66k 2021: €138k 2022: €325k

2019 → 2023

Working capital

€748k▲ 46.1%

2022 · €512k

2019: €54k 2020: €126k 2021: €220k 2022: €512k

2019 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Equity€78k-€144k▲ 84.3%€282k▲ 95.5%€607k▲ 115%€831k▲ 37.0%

Operating result€27k-€91k▲ 240%€187k▲ 106%€450k▲ 140%€303k▼ 32.7%

Net result€17k-€66k▲ 293%€138k▲ 109%€325k▲ 136%€224k▼ 31.0%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2023; 2023 is 33% below 2022.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €1.65M

92.6%

Fixed assets €122k▼ 15.7%

Current assets €1.53M▲ 16.8%

Equity and liabilities €1.65M

50.2%

49.8%

Equity €831k▲ 37.0%

Debt €824k▼ 3.1%

The debt ratio falls from 58.3% to 49.8%. Equity is higher and debt is lower.

Key figures and ratios

2023 value · change against 2022

EBITDA

€336k▼

2022 · €474k

Cash flow

€258k▼

2022 · €349k

Solvency

50.2%▲

2022 · 41.7%

Current ratio

1.95▲

2022 · 1.64

Quick ratio

1.95▲

2022 · 1.64

Debt / equity

0.99▼

2022 · 1.40

ROE

27.0%▼

2022 · 53.6%

ROA

13.6%▼

2022 · 22.3%

Interest coverage

60.09▼

2022 · 63.19

Debt

€824k▼

2022 · €850k

Debt ≤ 1 year

€785k▼

2022 · €801k

Debt > 1 year

€36k▼

2022 · €49k

Income taxes

€82k▼

2022 · €122k

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 · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€1.46M€1.65M▲

Fixed assets21/28€145k€122k▼

Tangible fixed assets22/27€122k€100k▼

Plant, machinery and equipment23€2k€7k▲

Furniture and vehicles24€120k€92k▼

Financial fixed assets28€22k€22k=

Current assets29/58€1.31M€1.53M▲

Amounts receivable within one year40/41€880k€1.08M▲

Trade receivables40€382k€398k▲

Other amounts receivable41€499k€685k▲

Cash at bank and in hand54/58€422k€450k▲

Deferred charges and accrued income490/1€10k€551▼

Equity and liabilities

Total equity and liabilities10/49€1.46M€1.65M▲

Equity10/15€607k€831k▲

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Reserves13€545k€770k▲

Non-distributable reserves130/1€6k€6k=

Legal reserve130€6k€6k=

Distributable reserves133€539k€764k▲

Amounts payable17/49€850k€824k▼

Amounts payable after more than one year17€49k€36k▼

Financial debts170/4€49k€36k▼

Amounts payable within one year42/48€801k€785k▼

Current portion of amounts payable after more than one year42€12k€13k▲

Trade debts44€697k€663k▼

Suppliers440/4€697k€663k▼

Advances received on contracts in progress46€1k€5k▲

Taxes, remuneration and social security45€90k€104k▲

Taxes450/3€90k€104k▲

Other amounts payable47/48€40€20▼

Accrued charges and deferred income492/3€48€2k▲

Income statement Code20222023

Remuneration, social security and pensions62€3k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€33k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k-

Other operating charges640/8€6k€460▼

Non-recurring operating charges66A€500€881▲

Gross operating margin9900€486k€337k▼

Operating profit (loss)9901€450k€303k▼

Financial income75/76B€5k€9k▲

Recurring financial income75€5k€9k▲

Financial charges65/66B€8k€6k▼

Recurring financial charges65€8k€6k▼

Profit (loss) for the period before taxes9903€447k€306k▼

Income taxes67/77€122k€82k▼

Profit (loss) for the period9904€325k€224k▼

Profit (loss) for the period to be appropriated9905€325k€224k▼

Appropriation of the result

Profit (loss) to be appropriated9906€325k€224k▼

Transfer to equity691/2€325k€224k▼

To other reserves6921€325k€224k▼

Social balance

Average headcount (FTE)90870.80.8=

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Signals 1Financial 4Filings 5

2025

11-08

Bankruptcy Opening

Ondernemingsrechtbank Leuven · SER -TECH CLEANING NV LEUVENSESTEENWEG 192, 3290 DIEST · event 05-08-2025

2024

26-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 26 days late

2023

28-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 28 days late

2022

31-12

Financial Highest result since 2019net €325k ▲136%

Operating result €450k, net result €325k, both a record.

31-12

Financial Equity above €500kEq €607k ▲115%

4 profitable years in a row build equity to €607k.

02-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 2 days late

2021

31-12

Financial Equity above €200kEq €282k ▲95.5%

3 profitable years in a row build equity to €282k.

18-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 18 days late

2020

31-12

Financial Equity above €100kEq €144k ▲84.3%

2 profitable years in a row build equity to €144k.

21-08

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 21 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Diest · 1 establishment unit since 2018

establishment The establishment unit on the map

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.

Leuvensesteenweg 1923290 Diest

Ground area

2,206 m²

Building footprint

846 m²

Parcel 24120E0211/00W002, Flanders. Linked by address, not a title deed.

1 establishment unit

SER-TECH CLEANING NV

Leuvensesteenweg 192, 3290 DiestSpecialised construction activities

since 20182.281.261.440

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24120E0211/00W002	Flanders	2,206 m²	1 · 846 m²	-

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.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	WINNY TIRMARCHE STATIONSSTRAAT 108, 3400 LANDEN	05-08-2025 → present
Curator	KARL VANSTIPELEN STATIONSSTRAAT 108 A, 3400 LANDEN-	05-08-2025 → present