SERAM
ActiveSERAM has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €107k and a net result of €30k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 34% of 9981 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+40
Solvency52▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity short (current ratio 0.88 against 0.93 in 2023; short-term debt: 28.4% and cash: 3.4% of total assets), and 73% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
27%
Return on assets
7.6%
Age of the figures
21 mo
raises risk · Filed more than 90 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: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
217 d late
2023
153 d late
2022
50 d late
2021
171 d late
2020
122 d late
2019
140 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€107k▲ 39.1%
2023 · €77k
2018: €58k
2019: €66k
2020: €81k
2021: €76k
2022: €78k
2023: €77k
2018 → 2024
Total assets
€397k▲ 3.2%
2023 · €385k
2018: €170k
2019: €421k
2020: €426k
2021: €433k
2022: €438k
2023: €385k
2018 → 2024
Net result
€30k
2023 · €-984
2018: €7k
2019: €8k
2020: €15k
2021: €-5k
2022: €2k
2023: €-984
2018 → 2024
Working capital
€-14k▼ 155%
2023 · €-5k
2018: €39k
2019: €127k
2020: €75k
2021: €45k
2022: €14k
2023: €-5k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€81k-€76k▼ 6.5%€78k▲ 2.9%€77k▼ 1.3%€107k▲ 39.1%
Operating result€28k-€2k▼ 91.4%€11k▲ 352%€7k▼ 32.6%€49k▲ 565%
Net result€15k-€-5k€2k€-984€30k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 565% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €397k
Fixed assets
€298k▼ 3.2%
Current assets
€99k▲ 28.9%
Equity and liabilities €397k
Equity
€107k▲ 39.1%
Debt
€290k▼ 5.8%
The debt ratio falls from 80.0% to 73.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59k▲
2023 · €18k
Cash flow
€40k▲
2023 · €10k
Solvency
27.0%▲
2023 · 20.0%
Current ratio
0.88▼
2023 · 0.93
Quick ratio
0.83▲
2023 · 0.76
Debt / equity
2.71▼
2023 · 4.00
ROE
28.1%▲
2023 · -1.3%
ROA
7.6%▲
2023 · -0.3%
Interest coverage
8.44▲
2023 · 2.33
Debt
€290k▼
2023 · €308k
Debt ≤ 1 year
€113k▲
2023 · €82k
Debt > 1 year
€176k▼
2023 · €226k
Income taxes
€13k▲
2023 · €724
Staff costs
€23k▲
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€385k€397k▲
Fixed assets21/28€308k€298k▼
Tangible fixed assets22/27€305k€295k▼
Land and buildings22€302k€293k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€77-
Financial fixed assets28€3k€3k=
Current assets29/58€77k€99k▲
Stocks and contracts in progress3€14k€5k▼
Stocks30/36€14k€5k▼
Amounts receivable within one year40/41€61k€80k▲
Trade receivables40€59k€77k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€1k€13k▲
Equity and liabilities
Total equity and liabilities10/49€385k€397k▲
Equity10/15€77k€107k▲
Contributions10/11€19k€19k=
Reserves13€27k€27k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€31k€61k▲
Amounts payable17/49€308k€290k▼
Amounts payable after more than one year17€226k€176k▼
Financial debts170/4€226k€176k▼
Amounts payable within one year42/48€82k€113k▲
Current portion of amounts payable after more than one year42€34k€34k▼
Financial debts43€10k€10k▲
Credit institutions430/8€10k€10k▲
Trade debts44€31k€39k▲
Suppliers440/4€31k€39k▲
Advances received on contracts in progress46€3k€10k▲
Taxes, remuneration and social security45€1k€14k▲
Taxes450/3€1k€14k▲
Remuneration and social security454/9-€536
Other amounts payable47/48€3k€5k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20232024
Non-recurring operating income76A€500€5k▲
Remuneration, social security and pensions62€5k€23k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€10k▼
Other operating charges640/8€3k€6k▲
Gross operating margin9900€26k€89k▲
Operating profit (loss)9901€7k€49k▲
Financial income75/76B€83€284▲
Recurring financial income75€83€284▲
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€-260€43k▲
Income taxes67/77€724€13k▲
Profit (loss) for the period9904€-984€30k▲
Profit (loss) for the period to be appropriated9905€-984€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€61k▲
Profit (loss) brought forward from the previous period14P€32k€31k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
05-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 217 days late
2024
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
31-12
Financial
Equity above €100kEq €107k ▲39.1%
Equity rises from €77k to €107k.
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
18-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 171 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2021
31-12
Financial
Weakest financial yearnet €-5k ▼136%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 140 days late
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 329 days late
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 168 days late
2017
30-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 152 days late
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Antwerpen · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jodenstraat 382000 AntwerpenGround area
403 m²
Building footprint
173 m²
Volume, LiDAR
2,486 m³
Parcel 11803C1218/00G000, Flanders · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BVBA SERAM
since 19882.040.938.792
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C1218/00G000 | Flanders | 403 m² | 1 · 173 m² | 17.2 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
Schemes
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 5 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
Similar companies · same sector, comparable size
TNC CONSTRUCT
BE 0741.927.066
Jodoigne · Eq €107k
Horward
BE 0418.637.548
Jalhay · Eq €107k
Boussier
BE 0765.239.928
Ternat · Eq €107k
AVH INSTAL
BE 0775.412.951
Dilbeek · Eq €107k
MOUREAU F.
BE 0440.199.955
Zoutleeuw · Eq €107k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 13,076 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-10-1988
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.