Equity
€12.0m ▲ 2.5%
SERAB paid out €563,625 in dividends. That is 66% of the 2025 profit.
SERAB
Lifetime
18 annual accounts with figures on one time axis, 21 filings since 2004peak €2.5m (2020)
€505,204▼ 9.5%
lowest -€144,636 (2016)
€856,360▲ 143%
peak €12.0m (2025)
€12.0m▲ 2.5%
€6.7m▲ 78.4%
peak 0 FTE (2023)
0 FTE
Board2 names since 2019
2 directorsBernard Frans André VAN CANNEYT and 1 other
Documentsfilings and deeds
30-01-20261 day before the deadline
2025abbreviated format
Result from €353,114 to €856,360Dividend €563,625Debts from €3.7m to €6.7mInvestments €4.1m
Key points
from the 2025 annual accountsResult
€856,360 ▲ 143%
The result rose in 2025 from €353,114 to €856,360.
Debts
€6.7m ▲ 78.4%
Debts rose by €2.9m in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€4.1m 9.0 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 65.4% higher than in 2024.
Filings
21 annual accounts since 2004
The last five annual accounts were filed 0 to 28 days before the end of the period.
Position in the sector
€856,360
Higher net result than 95% of companies in real estate. Sector median €9,997 · 11,290 companies.
Checked score
97
Excellent
Financially stronger than 76% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,721 companies (NACE 68, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025lowest value
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026highest value
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Size: total assets €19.3m
Liquidity: current ratio 1.90, cash €6.9m
Equity €12.0m (62.0% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized). It does better than 77% of them on solvency, 97% on liquidity, 74% on profitability and 56% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as SERAB has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of SERAB itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for SERAB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,150,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.9 (2.39 in 2024), above the usual 1.5. Short-term debt is 22.7% and cash 35.7% of total assets. 38% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
on the day
2023
1 day early
2022
28 days early
2021
17 days early
2020
6 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end08-11-2026 today31-01-2027 deadline
Board and ownership
- CORSAFIEN BV founderdeed of 12-06-2023
Shares in 1 company, FLANDERS REAL ESTATE INVESTMENT
Board & ownershipRecent changes
Registered office moved from Evere to Zaventem
New registered office: Frame21 Brussels Airport, Da Vincilaan 2 bus 243 1930 Zaventem · Previous registered office: Jules Bordetlaan 160 bus 1 1140 Evere · Resignations: Bernard Frans André VAN CANNEYT (director) and Kristien Monique Gabrielle VANDAELE (director) · General meeting of 22-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0861515002
Demerger: EUROMONTA splits off to SERAB
Capital increase of €458,812.82 · Permanent representative: Kristien Vandaele · General meeting of 19-07-2023 · Gazette deed
Demerger proposal: EUROMONTA NV splits off to SERAB NV
Founding capital of €750,000, 300 shares · Founder: Mark VANDAELE · Founder: Philip VANDAELE · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SERAB Zaventem | €19.3m | €0.5m | 62.0% | 0 |
| PROBATIMMO Duffel | €13.1m | €0.6m | 66.4% | 0 |
| RESIDENCE LE CHRIST Harelbeke | €13.3m | €0.4m | 9.1% | 0 |
| SUMMERTIME INVESTMENTS Brussels | €13.8m | €0.3m | 12.8% | 0 |
| KUBO De Panne | €21.2m | €1.4m | 51.2% | 0 |
| Active Belgian Land Investment Aalst | €23.8m | €0.6m | 58.3% | 0 |
| ALME Wichelen | €13.9m | €0.8m | 13.1% | 0 |
These companies have the same main activity as SERAB: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €13m and €24m, founded between 1995 and 2004.
Official details
Source: KBO- Status
- Active since 05-11-2003Normal situation
- Registered office
- 111 active companies are registered at this address7 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 3 others
- Establishment unit
- 2.134.721.6591930 Zaventem, since 05-11-2003
- Financial year end
- 30 June
- Peppol
- Reachable since 01-10-2025
Annual accounts to 30-06-2025
- ≈ €900,000estimated
- €19.3m▲ 19.5%
- Filing
- Filed on 30-01-2026, 1 day before the end of the filing period
Insights on SERAB
SERAB files the abbreviated format. That format states no turnover. The gross margin rose from €249,852 in 2007 to €505,204 in 2025.
The balance sheet grew most from 2011 to 2013 through fixed assets.
In December 2022, the Official Gazette published the appointment of Bernard Frans André VAN CANNEYT as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SERAB
- What is the company number of SERAB?
- The company number of SERAB is 0861.515.002. The VAT number is the same number with BE in front: BE 0861.515.002.
- Where is SERAB based?
- The registered office is at Da Vincilaan 2, 1930 Zaventem.Company details
- What does SERAB do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of SERAB?
- SERAB is a public limited company (NV).
- When was SERAB founded?
- SERAB was founded on 05-11-2003.
- Is SERAB still active?
- Yes, SERAB is an active enterprise in the KBO register.
- What is the turnover of SERAB?
- The turnover in financial year 2025 is ≈ €900,000. This figure is estimated from the gross margin of €505,204 and 40 comparable companies (NACE 681). It probably lies between €680,000 and €1.5m.Financials
- Is SERAB profitable?
- In financial year 2025, SERAB made a profit of €856,360.
- Where can I find the annual accounts of SERAB?
- SERAB filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SERAB due?
- SERAB must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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