SERAL
ActiveSummary
SERAL has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147k and a net result of €2k. Equity is shrinking by ~9.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▼-4
Solvency65▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.8 in 2024; short-term debt: 13.3% and cash: 10% of total assets), and 59.7% of the assets are financed with debt.
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Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.3%
Return on assets
0.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-03-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
22 d early
2023
8 d early
2022
5 d early
2021
30 d early
2020
39 d early
2019
59 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€147k▲ 1.1%
2024 · €145k
Total assets
€364k▼ 5.6%
2024 · €386k
Net result
€2k▼ 64.1%
2024 · €5k
Working capital
€-12k▼ 3.5%
2024 · €-12k
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€-12k▼ 33.2%€6k€4k▼ 30.7%€9k▲ 107%€6k▼ 35.4%
Net result€-10k▼ 7.0%€6k€1k▼ 74.7%€5k▲ 217%€2k▼ 64.1%
Equity€322k▼ 3.0%€328k▲ 1.8%€141k▼ 57.1%€145k▲ 3.3%€147k▲ 1.1%
Total assets€328k▼ 5.0%€550k▲ 67.8%€538k▼ 2.1%€386k▼ 28.2%€364k▼ 5.6%
Debt€6k▼ 54.5%€223k▲ 3,641%€398k▲ 78.8%€241k▼ 39.4%€218k▼ 9.7%
Working capital€314k▼ 0.1%€173k▼ 44.8%€-17k€-12k▲ 30.4%€-12k▼ 3.5%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €364k
Fixed assets
€328k ▼ 3.4%
Current assets
€36k ▼ 21.7%
Equity and liabilities €364k
Equity
€147k ▲ 1.1%
Debt
€218k ▼ 9.7%
Debt's share of the balance-sheet total falls from 62.4% to 59.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▼
2024 · €23k
Cash flow
€16k▼
2024 · €19k
Current ratio
0.75▼
2024 · 0.80
Debt to equity
1.48▼
2024 · 1.66
ROE
1.1%▼
2024 · 3.2%
ROA
0.5%▼
2024 · 1.2%
Interest coverage
4.49▼
2024 · 4.84
Debt ≤ 1 year
€49k▼
2024 · €58k
Debt > 1 year
€168k▼
2024 · €181k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €16k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €14k | €15k | €14k | €14k | ▲ 2.1% |
| Other operating charges640/8 | - | €410 | €2k | €427 | €4k | ▲ 725% |
| Gross operating margin9900 | €3k | €21k | €21k | €24k | €24k | ▲ 0.6% |
| Operating profit (loss)9901 | €-12k | €6k | €4k | €9k | €6k | ▼ 35.4% |
| Financial income75/76B | - | €3k | €3k | €224 | €216 | ▼ 3.4% |
| Recurring financial income75 | €3k | €3k | €3k | €224 | €216 | ▼ 3.4% |
| Financial charges65/66B | - | €2k | €5k | €5k | €4k | ▼ 6.1% |
| Recurring financial charges65 | €437 | €2k | €5k | €5k | €4k | ▼ 6.1% |
| Profit (loss) for the period before taxes9903 | €-10k | €7k | €2k | €5k | €2k | ▼ 64.1% |
| Income taxes67/77 | €417 | €1k | €1k | - | - | - |
| Profit (loss) for the period9904 | €-10k | €6k | €1k | €5k | €2k | ▼ 64.1% |
| Profit (loss) for the period to be appropriated9905 | €-10k | €6k | €1k | €5k | €2k | ▼ 64.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €328k | €550k | €538k | €386k | €364k | ▼ 5.6% |
| Fixed assets21/28 | €9k | €364k | €354k | €340k | €328k | ▼ 3.4% |
| Tangible fixed assets22/27 | €9k | €364k | €354k | €340k | €328k | ▼ 3.4% |
| Land and buildings22 | - | €358k | €350k | €337k | €325k | ▼ 3.8% |
| Plant, machinery and equipment23 | - | €72 | - | - | €2k | - |
| Furniture and vehicles24 | - | €668 | - | - | - | - |
| Other tangible fixed assets26 | - | €5k | €4k | €2k | €1k | ▼ 50.0% |
| Current assets29/58 | €319k | €186k | €185k | €47k | €36k | ▼ 21.7% |
| Amounts receivable after more than one year29 | - | €110k | €110k | - | - | - |
| Other amounts receivable291 | - | €110k | €110k | - | - | - |
| Amounts receivable within one year40/41 | €8k | €11k | €14k | €67 | €65 | ▼ 3.4% |
| Other amounts receivable41 | - | €11k | €14k | €67 | €65 | ▼ 3.4% |
| Cash at bank and in hand54/58 | €201k | €65k | €61k | €47k | €36k | ▼ 21.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €328k | €550k | €538k | €386k | €364k | ▼ 5.6% |
| Equity10/15 | €322k | €328k | €141k | €145k | €147k | ▲ 1.1% |
| Contributions10/11 | - | €25k | €25k | €25k | €25k | = |
| Reserves13 | €211k | €211k | €22k | €22k | €22k | = |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | - | €3k | €3k | €3k | €3k | = |
| Tax-exempt reserves132 | - | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | - | €189k | - | - | - | - |
| Profit (loss) carried forward14 | €86k | €92k | €94k | €98k | €100k | ▲ 1.7% |
| Amounts payable17/49 | €6k | €223k | €398k | €241k | €218k | ▼ 9.7% |
| Amounts payable after more than one year17 | - | €208k | €195k | €181k | €168k | ▼ 7.6% |
| Financial debts170/4 | - | €208k | €195k | €181k | €168k | ▼ 7.6% |
| Amounts payable within one year42/48 | €5k | €13k | €202k | €58k | €49k | ▼ 16.6% |
| Current portion of amounts payable after more than one year42 | - | €13k | €13k | €13k | €14k | ▲ 2.2% |
| Other amounts payable47/48 | - | - | €189k | €45k | €35k | ▼ 22.2% |
| Accrued charges and deferred income492/3 | - | €2k | €1k | €1k | €1k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €6k | €1k | €5k | €2k | ▼ 64.1% |
| + Depreciation and write-downs630 | €14k | €14k | €15k | €14k | €14k | ▲ 2.1% |
| Operating cash flow (approximation) | €4k | €20k | €16k | €19k | €16k | ▼ 14.4% |
| Investment in fixed assets (approximation) | - | €-369k | €-4k | €0 | €-3k | - |
| Change in cash | - | €-135k | €-5k | €-14k | €-10k | ▲ 28.1% |
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
12-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €6k
Net result €6k after 3 loss-making years.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 7current ratio 27.96
Current ratio from 3.93 to 27.96; short-term debt falls from €115k to €12k.
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Esneux · 1 establishment unit since 1998
Ground area
175 m²
Building footprint
168 m²
Volume, LiDAR
951 m³
Parcel 62032A0047/00Z002, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue d'Avister 11, 4130 Esneux
since 19982.057.148.284
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62032A0047/00Z002 | Wallonia | 175 m² | 1 · 167 m² | 7.9 m · 2 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
Founded07-02-1992
Fiscal year end30-09
Scores and ratios are computed by Checked and are not a credit decision.