SERAPHINE
ActiveSummary
SERAPHINE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109,116 and a net result of €11,750. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 56% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-2
Solvency74▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.68 in 2024; short-term debt: 43.9% and cash: 6% of total assets), and 50.7% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
49.3%
Return on assets
5.3%
Age of the figures
15 mo
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 12-12-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
31 d early
2023
19 d early
2022
7 d early
2021
28 d early
2020
39 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 3 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€109,116▼ 2.4%
2024 · €111,835
Total assets
€221,443▼ 4.3%
2024 · €231,341
Net result
€11,750▼ 22.5%
2024 · €15,163
Working capital
-€26,595▲ 17.1%
2024 · -€32,097
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,912▼ 39.5%€21,865▲ 270%€14,215▼ 35.0%€25,927▲ 82.4%€22,149▼ 14.6%
Net result€100within the sector's middle half▼ 97.7%€15,042within the sector's middle half▲ 14,918%€8,778within the sector's middle half▼ 41.6%€15,163within the sector's middle half▲ 72.7%€11,750within the sector's middle half▼ 22.5%
Equity€91,725within the sector's middle half▲ 0.1%€87,894within the sector's middle half▼ 4.2%€96,673within the sector's middle half▲ 10.0%€111,835within the sector's middle half▲ 15.7%€109,116within the sector's middle half▼ 2.4%
Total assets€276,605within the sector's middle half▼ 2.0%€262,998within the sector's middle half▼ 4.9%€242,208within the sector's middle half▼ 7.9%€231,341within the sector's middle half▼ 4.5%€221,443within the sector's middle half▼ 4.3%
Debt€184,880▼ 2.9%€175,103▼ 5.3%€145,535▼ 16.9%€119,505▼ 17.9%€112,327▼ 6.0%
Working capital€21,006within the sector's middle half-€20,212below the sector's middle half-€42,392below the sector's middle half▼ 110%-€32,097below the sector's middle half▲ 24.3%-€26,595below the sector's middle half▲ 17.1%
Solvency33.2%within the sector's middle half▲ 0.7pp33.4%within the sector's middle half▲ 0.3pp39.9%within the sector's middle half▲ 6.5pp48.3%within the sector's middle half▲ 8.4pp49.3%within the sector's middle half▲ 0.9pp
Current ratio1.33within the sector's middle half▲ 0.790.81below the sector's middle half▼ 0.520.65below the sector's middle half▼ 0.160.68below the sector's middle half▲ 0.030.73below the sector's middle half▲ 0.05
Return on assets (ROA)0.0%within the sector's middle half▼ 1.5pp5.7%within the sector's middle half▲ 5.7pp3.6%within the sector's middle half▼ 2.1pp6.6%within the sector's middle half▲ 2.9pp5.3%within the sector's middle half▼ 1.2pp
Staff (FTE)1▼ 23.1%2▲ 100%2=2=2=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €221,443
Fixed assets
€150,788 ▼ 8.1%
Current assets
€70,655 ▲ 5.2%
Equity and liabilities €221,443
Equity
€109,116 ▼ 2.4%
Debt
€112,327 ▼ 6.0%
Debt's share of the balance-sheet total falls from 51.7% to 50.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€35,665▼
2024 · €38,982
Cash flow
€25,266▼
2024 · €28,218
Quick ratio
0.15▲
2024 · 0.10
Debt to equity
1.03▼
2024 · 1.07
ROE
10.8%▼
2024 · 13.6%
Interest coverage
9.10▼
2024 · 14.07
Debt ≤ 1 year
€97,250▼
2024 · €99,285
Debt > 1 year
€15,077▼
2024 · €20,221
Income taxes
€8,876▼
2024 · €9,569
Staff costs
€49,120▲
2024 · €48,533
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,371 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €33,234 | €47,521 | €48,533 | €49,120 | ▲ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,913 | €21,512 | €12,236 | €13,056 | €13,515 | ▲ 3.5% |
| Other operating charges640/8 | - | €2,098 | €2,357 | €2,946 | €1,652 | ▼ 43.9% |
| Gross operating margin9900 | €45,330 | €78,709 | €76,329 | €90,461 | €86,437 | ▼ 4.4% |
| Operating profit (loss)9901 | €5,912 | €21,865 | €14,215 | €25,927 | €22,149 | ▼ 14.6% |
| Financial income75/76B | - | €2,710 | €3,408 | €1,576 | €2,398 | ▲ 52.1% |
| Recurring financial income75 | €859 | €2,710 | €3,408 | €1,576 | €2,398 | ▲ 52.1% |
| Financial charges65/66B | - | €2,406 | €2,059 | €2,771 | €3,921 | ▲ 41.5% |
| Recurring financial charges65 | €5,896 | €2,406 | €2,059 | €2,771 | €3,921 | ▲ 41.5% |
| Profit (loss) for the period before taxes9903 | €875 | €22,169 | €15,565 | €24,732 | €20,626 | ▼ 16.6% |
| Income taxes67/77 | €775 | €7,128 | €6,786 | €9,569 | €8,876 | ▼ 7.2% |
| Profit (loss) for the period9904 | €100 | €15,042 | €8,778 | €15,163 | €11,750 | ▼ 22.5% |
| Transfer from tax-exempt reserves789 | - | €2,409 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €2,834 | €17,450 | €8,778 | €15,163 | €11,750 | ▼ 22.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €276,605 | €262,998 | €242,208 | €231,341 | €221,443 | ▼ 4.3% |
| Fixed assets21/28 | €191,221 | €176,574 | €164,339 | €164,153 | €150,788 | ▼ 8.1% |
| Tangible fixed assets22/27 | €190,741 | €176,334 | €164,099 | €163,913 | €150,398 | ▼ 8.2% |
| Land and buildings22 | - | €171,389 | €161,464 | €151,538 | €141,658 | ▼ 6.5% |
| Plant, machinery and equipment23 | - | €4,418 | €2,244 | €4,107 | €2,297 | ▼ 44.1% |
| Furniture and vehicles24 | - | €528 | €391 | €8,268 | €6,444 | ▼ 22.1% |
| Financial fixed assets28 | €480 | €240 | €240 | €240 | €390 | ▲ 62.5% |
| Current assets29/58 | €85,384 | €86,423 | €77,869 | €67,188 | €70,655 | ▲ 5.2% |
| Stocks and contracts in progress3 | €62,162 | €47,262 | €67,448 | €57,438 | €55,582 | ▼ 3.2% |
| Stocks30/36 | - | €47,262 | €67,448 | €57,438 | €55,582 | ▼ 3.2% |
| Amounts receivable within one year40/41 | €1,038 | €1,617 | €2,650 | €4,752 | €419 | ▼ 91.2% |
| Trade receivables40 | - | €602 | €2,465 | €4,295 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €1,015 | €185 | €457 | €419 | ▼ 8.2% |
| Current investments50/53 | €207 | €207 | €207 | €207 | €207 | = |
| Cash at bank and in hand54/58 | €21,103 | €34,784 | €4,481 | €3,627 | €13,209 | ▲ 264% |
| Deferred charges and accrued income490/1 | - | €2,553 | €3,084 | €1,163 | €1,238 | ▲ 6.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €276,605 | €262,998 | €242,208 | €231,341 | €221,443 | ▼ 4.3% |
| Equity10/15 | €91,725 | €87,894 | €96,673 | €111,835 | €109,116 | ▼ 2.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €40,446 | €36,614 | €45,393 | €60,556 | €57,836 | ▼ 4.5% |
| Non-distributable reserves130/1 | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €34,754 | €45,393 | €60,556 | €57,836 | ▼ 4.5% |
| Profit (loss) carried forward14 | €32,680 | €32,680 | €32,680 | €32,680 | €32,680 | = |
| Amounts payable17/49 | €184,880 | €175,103 | €145,535 | €119,505 | €112,327 | ▼ 6.0% |
| Amounts payable after more than one year17 | €120,502 | €68,468 | €25,274 | €20,221 | €15,077 | ▼ 25.4% |
| Financial debts170/4 | - | €68,468 | €25,274 | €20,221 | €15,077 | ▼ 25.4% |
| Amounts payable within one year42/48 | €64,378 | €106,635 | €120,261 | €99,285 | €97,250 | ▼ 2.0% |
| Current portion of amounts payable after more than one year42 | - | €52,941 | €43,651 | €12,553 | €5,143 | ▼ 59.0% |
| Financial debts43 | - | €94 | €16,586 | €32,879 | €29,443 | ▼ 10.5% |
| Credit institutions430/8 | - | €94 | €16,586 | €32,879 | €29,443 | ▼ 10.5% |
| Trade debts44 | €7,868 | €11,069 | €8,645 | €6,726 | €5,194 | ▼ 22.8% |
| Suppliers440/4 | - | €11,069 | €8,645 | €6,726 | €5,194 | ▼ 22.8% |
| Taxes, remuneration and social security45 | - | €22,469 | €35,180 | €27,495 | €33,501 | ▲ 21.8% |
| Taxes450/3 | - | €20,217 | €29,741 | €23,591 | €28,475 | ▲ 20.7% |
| Remuneration and social security454/9 | - | €2,252 | €5,439 | €3,904 | €5,026 | ▲ 28.7% |
| Other amounts payable47/48 | - | €20,062 | €16,199 | €19,633 | €23,969 | ▲ 22.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €100 | €15,042 | €8,778 | €15,163 | €11,750 | ▼ 22.5% |
| + Depreciation and write-downs630 | €20,913 | €21,512 | €12,236 | €13,056 | €13,515 | ▲ 3.5% |
| Operating cash flow (approximation) | €21,013 | €36,553 | €21,014 | €28,218 | €25,266 | ▼ 10.5% |
| Investment in fixed assets (approximation) | - | -€6,865 | €0 | -€12,870 | -€150 | ▲ 98.8% |
| Change in cash | - | €13,681 | -€30,303 | -€854 | €9,582 | ▲ 1,222% |
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
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €15,163 ▲72.7%
Operating result €25,927, net result €15,163, both a record.
30-06
Financial
Equity above €100,000Eq €111,835 ▲15.7%
6 profitable years in a row build equity to €111,835.
12-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €100 ▼97.7%
Net result drops to €100, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity doublescurrent ratio 1.33
Current ratio from 0.54 to 1.33; short-term debt falls from €135,163 to €64,378.
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
26-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Gent · 1 establishment unit since 2004
Ground area
160 m²
Building footprint
160 m²
Volume, LiDAR
1,581 m³
Parcel 44803C0367/00_000, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
SERAPHINE BVBA
since 20042.137.564.452
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44803C0367/00_000 | Flanders | 160 m² | 1 · 160 m² | 15.7 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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BB TRANS
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STUDIO DÔME
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CHARLINE
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Of 1,307 companies in sector 46423 we hold annual accounts for 810. 564 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-07-2002
Fiscal year end30-06
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
47711Retail sale of women's outerwear
47512Retail sale of household textiles and bedding
Contact
Phone
09 2340237Gent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477882574
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.