SERA DECOR
ActiveSummary
SERA DECOR has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,037 and a net result of -€18,036. Equity is growing by ~5.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-39
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 5.17 against 13.45 in 2024; short-term debt: 9.3% and cash: 5.3% of total assets), and 12.5% of the assets are financed with debt.
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Signals
Four 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€18,036
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 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
72 d early
2023
75 d early
2022
59 d early
2021
76 d early
2020
67 d early
2019
47 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 53 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
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. Usually files around 20 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€102,037▼ 15.0%
2024 · €120,073
Total assets
€116,669▼ 16.3%
2024 · €139,438
Net result
-€18,036▼ 372%
2024 · -€3,821
Working capital
€45,071▼ 33.8%
2024 · €68,079
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
Line20212022202320242025
Operating result€27,451▲ 56.0%€28,853▲ 5.1%-€3,311-€2,415▲ 27.1%-€16,804▼ 596%
Net result€16,384▲ 90.5%€17,775▲ 8.5%-€5,893-€3,821▲ 35.2%-€18,036▼ 372%
Equity€112,012▲ 17.1%€129,787▲ 15.9%€123,894▼ 4.5%€120,073▼ 3.1%€102,037▼ 15.0%
Total assets€152,600▲ 2.9%€161,929▲ 6.1%€150,074▼ 7.3%€139,438▼ 7.1%€116,669▼ 16.3%
Debt€40,588▼ 23.0%€32,142▼ 20.8%€26,180▼ 18.5%€19,365▼ 26.0%€14,632▼ 24.4%
Working capital€61,974▲ 51.9%€77,752▲ 25.5%€69,139▼ 11.1%€68,079▼ 1.5%€45,071▼ 33.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,804 in 2025 against €2,415 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116,669
Fixed assets
€60,789 ▼ 7.7%
Current assets
€55,880 ▼ 24.0%
Equity and liabilities €116,669
Equity
€102,037 ▼ 15.0%
Debt
€14,632 ▼ 24.4%
Debt's share of the balance-sheet total falls from 13.9% to 12.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€11,701▼
2024 · €4,610
Cash flow
-€12,932▼
2024 · €3,204
Current ratio
5.17▼
2024 · 13.45
Debt to equity
0.14▼
2024 · 0.16
ROE
-17.7%▼
2024 · -3.2%
ROA
-15.5%▼
2024 · -2.7%
Interest coverage
-5.72▼
2024 · 2.82
Debt ≤ 1 year
€10,810▲
2024 · €5,467
Debt > 1 year
€3,822▼
2024 · €13,898
Income taxes
€174▲
2024 · €162
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,836 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €371 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,177 | €6,568 | €7,036 | €7,025 | €5,104 | ▼ 27.3% |
| Other operating charges640/8 | €4,869 | €5,120 | €5,676 | €5,805 | €6,270 | ▲ 8.0% |
| Gross operating margin9900 | €43,497 | €40,542 | €9,401 | €10,415 | -€5,431 | ▼ 152% |
| Operating profit (loss)9901 | €27,451 | €28,853 | -€3,311 | -€2,415 | -€16,804 | ▼ 596% |
| Financial income75/76B | €670 | - | €216 | €389 | €986 | ▲ 154% |
| Recurring financial income75 | €670 | - | €216 | €389 | €986 | ▲ 154% |
| Financial charges65/66B | €3,574 | €2,465 | €2,598 | €1,633 | €2,044 | ▲ 25.2% |
| Recurring financial charges65 | €3,574 | €2,465 | €2,598 | €1,633 | €2,044 | ▲ 25.2% |
| Profit (loss) for the period before taxes9903 | €24,547 | €26,388 | -€5,693 | -€3,659 | -€17,862 | ▼ 388% |
| Income taxes67/77 | €8,163 | €8,613 | €200 | €162 | €174 | ▲ 7.0% |
| Profit (loss) for the period9904 | €16,384 | €17,775 | -€5,893 | -€3,821 | -€18,036 | ▼ 372% |
| Profit (loss) for the period to be appropriated9905 | €16,384 | €17,775 | -€5,893 | -€3,821 | -€18,036 | ▼ 372% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152,600 | €161,929 | €150,074 | €139,438 | €116,669 | ▼ 16.3% |
| Fixed assets21/28 | €80,903 | €74,334 | €72,917 | €65,892 | €60,789 | ▼ 7.7% |
| Tangible fixed assets22/27 | €80,903 | €74,334 | €72,917 | €65,892 | €60,789 | ▼ 7.7% |
| Land and buildings22 | €77,108 | €71,875 | €66,982 | €62,175 | €58,369 | ▼ 6.1% |
| Plant, machinery and equipment23 | €3,795 | €2,459 | €5,935 | €3,717 | €2,420 | ▼ 34.9% |
| Current assets29/58 | €71,697 | €87,594 | €77,157 | €73,546 | €55,880 | ▼ 24.0% |
| Amounts receivable within one year40/41 | €11,796 | €4,062 | €7,008 | - | €49,740 | - |
| Trade receivables40 | - | - | - | - | €12,500 | - |
| Other amounts receivable41 | €11,796 | €4,062 | €7,008 | - | €37,240 | - |
| Cash at bank and in hand54/58 | €59,901 | €83,533 | €68,026 | €71,360 | €6,141 | ▼ 91.4% |
| Deferred charges and accrued income490/1 | - | - | €2,123 | €2,186 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152,600 | €161,929 | €150,074 | €139,438 | €116,669 | ▼ 16.3% |
| Equity10/15 | €112,012 | €129,787 | €123,894 | €120,073 | €102,037 | ▼ 15.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €93,412 | €111,187 | €105,294 | €101,473 | €83,437 | ▼ 17.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | €91,552 | €109,327 | €103,434 | €99,613 | €83,437 | ▼ 16.2% |
| Amounts payable17/49 | €40,588 | €32,142 | €26,180 | €19,365 | €14,632 | ▼ 24.4% |
| Amounts payable after more than one year17 | €28,190 | €22,300 | €18,162 | €13,898 | €3,822 | ▼ 72.5% |
| Financial debts170/4 | €24,368 | €18,478 | €14,340 | €10,076 | - | - |
| Other amounts payable178/9 | €3,822 | €3,822 | €3,822 | €3,822 | €3,822 | = |
| Amounts payable within one year42/48 | €9,723 | €9,842 | €8,018 | €5,467 | €10,810 | ▲ 97.7% |
| Current portion of amounts payable after more than one year42 | €6,396 | €5,890 | €4,138 | €4,264 | €10,076 | ▲ 136% |
| Trade debts44 | €1,164 | - | €2,267 | - | €572 | - |
| Suppliers440/4 | €1,164 | - | €2,267 | - | €572 | - |
| Taxes, remuneration and social security45 | €2,163 | €3,952 | €1,613 | €162 | €162 | = |
| Taxes450/3 | €2,163 | €3,952 | €1,613 | €162 | €162 | = |
| Other amounts payable47/48 | - | - | - | €1,041 | - | - |
| Accrued charges and deferred income492/3 | €2,675 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,384 | €17,775 | -€5,893 | -€3,821 | -€18,036 | ▼ 372% |
| + Depreciation and write-downs630 | €11,177 | €6,568 | €7,036 | €7,025 | €5,104 | ▼ 27.3% |
| Operating cash flow (approximation) | €27,561 | €24,343 | €1,143 | €3,204 | -€12,932 | ▼ 504% |
| Investment in fixed assets (approximation) | - | €0 | -€5,619 | €0 | €0 | - |
| Change in cash | - | €23,632 | -€15,506 | €3,334 | -€65,219 | ▼ 2,056% |
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
Next filing, fiscal year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€18,036
Net result drops to -€18,036, the lowest in the series.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €17,775 ▲8.5%
Operating result €28,853, net result €17,775, both a record.
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 7.37
Current ratio from 3.64 to 7.37; short-term debt falls from €15,471 to €9,723.
31-12
Financial
Equity above €100,000Eq €112,012 ▲17.1%
4 profitable years in a row build equity to €112,012.
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Wommelgem · 1 establishment unit since 1978
Ground area
1,269 m²
Building footprint
483 m²
Volume, LiDAR
3,862 m³
Parcel 11052A0178/00A005, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Herentalsebaan 92, 2160 Wommelgem
since 19782.015.426.804
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052A0178/00A005 | Flanders | 1,269 m² | 1 · 483 m² | 12.0 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded12-10-1978
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0418745832
Also
9925:BE0418745832
Registered
16-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.