SERA
ActiveSummary
SERA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €280,645 and a net result of €348,712. Equity is shrinking by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 9620 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability99▲+1
Solvency44▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.77 in 2023; short-term debt: 78.2% and cash: 3.6% of total assets), and 80.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
69 d early
2022
14 d early
2021
37 d early
2020
46 d early
2019
46 d early
← 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 44 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€280,645▼ 26.5%
2023 · €381,932
Total assets
€1.4m▼ 16.1%
2023 · €1.7m
Net result
€348,712▼ 13.3%
2023 · €402,283
Working capital
-€269,971▲ 6.1%
2023 · -€287,490
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€567,590▲ 137%€481,591▼ 15.2%€300,170▼ 37.7%€435,759▲ 45.2%€397,194▼ 8.9%
Net result€528,761▲ 145%€420,133▼ 20.5%€253,902▼ 39.6%€402,283▲ 58.4%€348,712▼ 13.3%
Equity€625,614▼ 18.4%€725,747▲ 16.0%€379,650▼ 47.7%€381,932▲ 0.6%€280,645▼ 26.5%
Total assets€2.4m▲ 12.6%€2.0m▼ 13.6%€1.8m▼ 10.8%€1.7m▼ 5.6%€1.4m▼ 16.1%
Debt€1.7m▲ 30.6%€1.3m▼ 25.3%€1.4m▲ 9.8%€1.3m▼ 7.3%€1.1m▼ 13.1%
Working capital-€15,922€105,998-€191,899-€287,490▼ 49.8%-€269,971▲ 6.1%
Staff (FTE)13▼ 2.3%13=13.8▲ 6.2%13.7▼ 0.7%14.2▲ 3.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Net result +58% on 2022. Cause not known from the registers.
- 2020 Net result +145% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 9% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€583,429 ▼ 20.5%
Current assets
€856,377 ▼ 12.9%
Equity and liabilities €1.4m
Equity
€280,645 ▼ 26.5%
Provisions
€14,165 ▼ 10.8%
Debt
€1.1m ▼ 13.1%
Debt's share of the balance-sheet total rises from 76.8% to 79.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€568,665▼
2023 · €603,558
Cash flow
€520,184▼
2023 · €570,082
Current ratio
0.76▼
2023 · 0.77
Quick ratio
0.41▼
2023 · 0.42
Debt to equity
4.08▲
2023 · 3.45
ROE
124.3%▲
2023 · 105.3%
ROA
24.2%▲
2023 · 23.4%
Interest coverage
15.28▼
2023 · 17.25
Debt ≤ 1 year
€1.1m▼
2023 · €1.3m
Debt > 1 year
€18,000▼
2023 · €47,619
Income taxes
€18,726▲
2023 · €8,529
Staff costs
€635,966▲
2023 · €590,326
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 | - | €67,389 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €481,457 | €537,908 | €590,326 | €635,966 | ▲ 7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €181,438 | €181,651 | €185,020 | €167,799 | €171,471 | ▲ 2.2% |
| Other operating charges640/8 | - | €2,395 | €2,047 | €2,392 | €2,286 | ▼ 4.4% |
| Gross operating margin9900 | €1.2m | €1.1m | €1.0m | €1.2m | €1.2m | ▲ 0.9% |
| Operating profit (loss)9901 | €567,590 | €481,591 | €300,170 | €435,759 | €397,194 | ▼ 8.9% |
| Financial income75/76B | - | €9,481 | €7,935 | €9,228 | €5,750 | ▼ 37.7% |
| Recurring financial income75 | €8,278 | €9,481 | €7,935 | €9,228 | €5,750 | ▼ 37.7% |
| Financial charges65/66B | - | €33,074 | €30,501 | €34,996 | €37,228 | ▲ 6.4% |
| Recurring financial charges65 | €35,107 | €33,074 | €30,501 | €34,996 | €37,228 | ▲ 6.4% |
| Profit (loss) for the period before taxes9903 | €540,761 | €457,999 | €277,604 | €409,991 | €365,716 | ▼ 10.8% |
| Transfer from deferred taxes780 | - | - | €139 | €821 | €1,723 | ▲ 110% |
| Transfer to deferred taxes680 | - | €16,847 | - | - | - | - |
| Income taxes67/77 | €12,000 | €21,018 | €23,841 | €8,529 | €18,726 | ▲ 120% |
| Profit (loss) for the period9904 | €528,761 | €420,133 | €253,902 | €402,283 | €348,712 | ▼ 13.3% |
| Transfer from tax-exempt reserves789 | - | €37,500 | €417 | €2,462 | €5,168 | ▲ 110% |
| Transfer to tax-exempt reserves689 | - | €50,542 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €528,761 | €407,091 | €254,320 | €404,745 | €353,880 | ▼ 12.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.0m | €1.8m | €1.7m | €1.4m | ▼ 16.1% |
| Fixed assets21/28 | €1.1m | €970,511 | €801,691 | €733,477 | €583,429 | ▼ 20.5% |
| Tangible fixed assets22/27 | €1.1m | €969,261 | €801,691 | €733,477 | €583,429 | ▼ 20.5% |
| Plant, machinery and equipment23 | - | €47,087 | €15,521 | €40,094 | €45,439 | ▲ 13.3% |
| Other tangible fixed assets26 | - | €922,174 | €786,170 | €693,382 | €537,990 | ▼ 22.4% |
| Financial fixed assets28 | €1,250 | €1,250 | - | - | - | - |
| Current assets29/58 | €1.2m | €1.1m | €1.0m | €982,656 | €856,377 | ▼ 12.9% |
| Stocks and contracts in progress3 | €322,294 | €350,926 | €358,452 | €443,207 | €395,299 | ▼ 10.8% |
| Stocks30/36 | - | €350,926 | €358,452 | €443,207 | €395,299 | ▼ 10.8% |
| Amounts receivable within one year40/41 | €828,100 | €629,600 | €547,663 | €380,337 | €382,327 | ▲ 0.5% |
| Trade receivables40 | - | €605,600 | €522,481 | €355,005 | €350,040 | ▼ 1.4% |
| Other amounts receivable41 | - | €24,000 | €25,181 | €25,332 | €32,287 | ▲ 27.5% |
| Cash at bank and in hand54/58 | €42,241 | €59,391 | €86,753 | €132,857 | €51,965 | ▼ 60.9% |
| Deferred charges and accrued income490/1 | - | €26,799 | €23,274 | €26,254 | €26,787 | ▲ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.0m | €1.8m | €1.7m | €1.4m | ▼ 16.1% |
| Equity10/15 | €625,614 | €725,747 | €379,650 | €381,932 | €280,645 | ▼ 26.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €439,428 | €552,470 | €352,053 | €349,591 | €242,563 | ▼ 30.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €50,610 | €50,193 | €47,731 | €42,563 | ▼ 10.8% |
| Distributable reserves133 | - | €500,000 | €300,000 | €301,860 | €200,000 | ▼ 33.7% |
| Profit (loss) carried forward14 | €167,586 | €154,677 | €8,997 | €13,742 | €19,482 | ▲ 41.8% |
| Provisions and deferred taxes16 | - | €16,847 | €16,708 | €15,887 | €14,165 | ▼ 10.8% |
| Deferred taxes168 | - | €16,847 | €16,708 | €15,887 | €14,165 | ▼ 10.8% |
| Amounts payable17/49 | €1.7m | €1.3m | €1.4m | €1.3m | €1.1m | ▼ 13.1% |
| Amounts payable after more than one year17 | €476,191 | €333,333 | €190,476 | €47,619 | €18,000 | ▼ 62.2% |
| Financial debts170/4 | - | €333,333 | €190,476 | €47,619 | €18,000 | ▼ 62.2% |
| Amounts payable within one year42/48 | €1.2m | €960,718 | €1.2m | €1.3m | €1.1m | ▼ 11.3% |
| Current portion of amounts payable after more than one year42 | - | €142,857 | €142,857 | €142,857 | €53,619 | ▼ 62.5% |
| Trade debts44 | €317,847 | €441,075 | €355,478 | €647,317 | €510,713 | ▼ 21.1% |
| Suppliers440/4 | - | €441,075 | €355,478 | €647,317 | €510,713 | ▼ 21.1% |
| Taxes, remuneration and social security45 | - | €56,785 | €109,706 | €79,971 | €112,016 | ▲ 40.1% |
| Taxes450/3 | - | €1,971 | €48,082 | €8,518 | €38,315 | ▲ 350% |
| Remuneration and social security454/9 | - | €54,814 | €61,624 | €71,453 | €73,701 | ▲ 3.1% |
| Other amounts payable47/48 | - | €320,000 | €600,000 | €400,000 | €450,000 | ▲ 12.5% |
| Accrued charges and deferred income492/3 | - | €581 | €22,958 | €547 | €649 | ▲ 18.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €528,761 | €420,133 | €253,902 | €402,283 | €348,712 | ▼ 13.3% |
| + Depreciation and write-downs630 | €181,438 | €181,651 | €185,020 | €167,799 | €171,471 | ▲ 2.2% |
| Operating cash flow (approximation) | €710,199 | €601,784 | €438,923 | €570,082 | €520,184 | ▼ 8.8% |
| Investment in fixed assets (approximation) | - | -€11,214 | -€16,200 | -€99,585 | -€21,423 | ▲ 78.5% |
| Change in cash | - | €17,150 | €27,363 | €46,104 | -€80,893 | ▼ 275% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €528,761 ▲145%
Operating result €567,590, net result €528,761, both a record.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Izegem · 1 establishment unit since 1998
Ground area
8,687 m²
Building footprint
2,323 m²
Volume, LiDAR
16,994 m³
2 parcels, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
Kortrijkstraat 307, 8560 Wevelgem
since 19982.044.190.173
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0875/00N005 | Flanders | 7,456 m² | 1 · 1,941 m² | 7.9 m · 2 fl. |
| 36008A0232/00N004 | Flanders | 1,231 m² | 1 · 381 m² | 13.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWevelgem2.044.190.173
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 3,874 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
Founded09-06-1989
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437713983
Registered
18-03-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.