Debts
€289,761 73% of the balance sheet
Financial debts 64%Suppliers 14%Taxes and wages 5%Other 17%
Of this, €112,639 falls due within a year.
SERAM
Lifetime
19 annual accounts with figures on one time axis, 36 filings since 1988peak €88,560 (2024)
€88,560▲ 246%
lowest -€5,293 (2021)
€30,055▲ €31,039
peak €107,007 (2024)
€107,007▲ 39.1%
€289,761▼ 5.8%
peak 1.5 FTE (2019)
-not published
Board1 name since 2024
1 directorJeurissen Pat
Documentsfilings and deeds
05-03-2026217 days late
2024micro format
Gross margin from €25,610 to €88,560Back to profit: €30,055Equity from €76,953 to €107,007Cash from €1,215 to €13,403
Key points
from the 2024 annual accountsChecked score
39
Weak
Financially stronger than 52% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.7% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.8%
01-2025: 2.9%▼ -1.9 percentage points vs 12-2024
02-2025: 2.9%● unchanged vs 01-2025
03-2025: 2.9%● unchanged vs 02-2025
04-2025: 2.9%● unchanged vs 03-2025
05-2025: 2.8%▼ -0.1 percentage points vs 04-2025
06-2025: 2.7%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 3.0%▲ +0.3 percentage points vs 06-2025
08-2025: 3.6%▲ +0.6 percentage points vs 07-2025
09-2025: 4.1%▲ +0.5 percentage points vs 08-2025
10-2025: 4.4%▲ +0.3 percentage points vs 09-2025
11-2025: 4.5%▲ +0.1 percentage points vs 10-2025
12-2025: 5.1%▲ +0.6 percentage points vs 11-2025
01-2026: 8.1%▲ +3.0 percentage points vs 12-2025
02-2026: 8.1%● unchanged vs 01-2026
03-2026: 8.5%▲ +0.4 percentage points vs 02-2026highest value
04-2026: 3.1%▼ -5.4 percentage points vs 03-2026
05-2026: 3.0%▼ -0.1 percentage points vs 04-2026
06-2026: 2.9%▼ -0.1 percentage points vs 05-2026
07-2026: 3.0%▲ +0.1 percentage points vs 06-2026
08-2026: 3.7%▲ +0.7 percentage points vs 07-2026
09-2026: 4.3%▲ +0.6 percentage points vs 08-2026
10-2026: 4.7%▲ +0.4 percentage points vs 09-2026
11-2026: 4.7%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 217 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 05-03-2026)
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Founded in 1988
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 41, micro). It does better than 34% of them on solvency, 40% on liquidity, 58% on profitability and 75% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 3,818 companies had the same profile as SERAM has now. Each dot stands for 10 companies, two years later.
95.1%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SERAM itself is higher: 4.7% within 12 months. It rests on far more data about SERAM than the profile alone.
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 3,818 companies, not a prediction for SERAM. 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 €4,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is insufficient, with a current ratio of 0.88 (0.93 in 2023), below 1. Short-term debt is 28.4% and cash 3.4% of total assets. 73% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 217 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-03-2026, 217 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
217 days late
2023
153 days late
2022
50 days late
2021
171 days late
2020
122 days late
2019
140 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 142 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0435636995
First establishment
BVBA SERAM, Jodenstraat 38, Antwerp
Incorporation
published on 22-11-1988 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SERAM Antwerp | €396,769 | €88,560 | 27.0% | - |
| ALKIMMO Bouwonderneming Antwerp | €342,895 | €74,484 | -9.4% | - |
| ALPHA CONSTRUCT Mons | €398,464 | €95,805 | 0.6% | - |
| CLOQUETTE SERVICE Liège | €456,361 | €84,832 | 69.9% | - |
| B&S Construct Meise | €350,873 | €88,899 | 91.2% | - |
| Singier Heuvelland | €366,625 | €80,716 | 73.5% | - |
| SEYS EN ROELENS Ardooie | €361,534 | €71,634 | 84.8% | - |
These companies have the same main activity as SERAM: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €343,000 and €456,000, founded between 1988 and 1992.
Official details
Source: KBO- Status
- Active since 01-10-1988Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Joint committee
- 124Construction · annual accounts 2024
- Establishment unit
- 2.040.938.7922000 Antwerp, since 22-11-1988
- Financial year end
- 31 December
- Peppol
- Reachable since 22-01-2026
Annual accounts 2024
- ≈ €460,000estimated
- €396,769▲ 3.2%
- Employeeson 31-12-2024
- 2▲ 100%
- Filing
- Filed on 05-03-2026
Insights on SERAM
SERAM files the micro format. That format states no turnover. The gross margin rose from -€1,036 in 2006 to €88,560 in 2024.
The balance sheet grew most from 2018 to 2020 through fixed assets, financed with long-term debt.
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 SERAM
- What is the company number of SERAM?
- The company number of SERAM is 0435.636.995. The VAT number is the same number with BE in front: BE 0435.636.995.
- Where is SERAM based?
- The registered office is at Jodenstraat 38, 2000 Antwerp.Company details
- What does SERAM do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of SERAM?
- SERAM is a private limited company (pre-2019) (BVBA).
- When was SERAM founded?
- SERAM was founded on 01-10-1988.
- Is SERAM still active?
- Yes, SERAM is an active enterprise in the KBO register.
- How many employees does SERAM have?
- SERAM had an average of 1.4 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does SERAM fall under?
- In its 2024 annual accounts, SERAM states joint committee 124 (Construction).
- What is the turnover of SERAM?
- The turnover in financial year 2024 is ≈ €460,000. This figure is estimated from the gross margin of €88,560 and 111 comparable companies (NACE 41001). It probably lies between €340,000 and €760,000.
- Is SERAM profitable?
- In financial year 2024, SERAM made a profit of €30,055.
- Where can I find the annual accounts of SERAM?
- SERAM filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.