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SERAPI

Absorbed by VAHF KBO/BCE: BE 0832.337.501 subsidiary of VAHF
SERAPI
Follow Report

Overview

Lifetime

9 annual accounts with figures on one time axis
peak €184,775 (2011)
-€89,235▼ €86,883
lowest -€321,826 (2019)
-€321,826▼ €102,629
peak €152,421 (2011)
-€1.2m▼ €321,826
€15.6m▲ 36.6%
Board2 names since 2019
- 
Owners
100%VAHF
Documentsfilings and deeds
26-06-202035 days before the deadline
2019financial year
Gross margin from -€2,352 to -€89,235Loss of €321,826Registered office moved from Bruxelies to Watermael-Boitsfort 24-05Equity from -€872,766 to -€1.2mDebts from €11.4m to €15.6mCash from €17,275 to €1.0m

Key points

from the 2019 annual accounts, the last ones filed

Equity

-€1.2m from €152,421 in 2011

Equity fell below zero in 2013.

Debts

€15.6m 108% of the balance sheet
After one year 97%Within one year 3%

Of this, €473,816 falls due within a year.

Filings

9 annual accounts 6 late
AprilJune31 JulyOctober2015

The 2011 accounts came latest: 92 days after the end of the period.

No score

Board and ownership

last known board
DJ
Damien JACQUINET
Manager, until 2019
V
VAHF
Manager, last mentioned in 2019
  • VAHF 100%deed of 04-05-2021
Board & ownership

Recent changes

Merger: absorbed by VAHF VAHF holds all the shares · General meeting of 16-04-2021 · Gazette deed
Merger proposal: to be absorbed by VAHF VAHF holds all the shares · Gazette deed
Permanent representatives: Antoine Hupin and Frédéric Collin Director discharge: Urbani · Director discharge: Antoine Hupin · Gazette deed
Registered office moved from Bruxelies to Watermael-Boitsfort New registered office: rue du Gruyer 50, 1170 Watermael-Boitsfort · Previous registered office: avenue des Croix de Feux, 149/13, 1170 Bruxelies · Resignation: Damien JACQUINET (manager) · General meeting of 14-05-2019 · Gazette deed
All 17 events

Official details

Source: KBO
Status
Absorbed by VAHFmerger by absorption, April 2021
Activity
“La société a pour objet tant en Belgique qu'à l'étranger,pour son compte ou pour…” (deed in French)From the articles, 16 activitiesNo NACE code in the KBO yet
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2019

-€89,235▼ 3,694%
€321,826▲ 46.8%
-€1.2m▼ 36.9%
€14.4m▲ 36.6%
Filing
Filed on 26-06-2020
Financials

Companies linked to SERAPI

Insights on SERAPI

Absorbed by VAHF in April 2021. The last annual accounts are for financial year 2019.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2019

full format, filed on 26-06-2020, 35 days before the deadline
-€89,235
▼ €86,883
-€163,345
▼ €77,992
-
-
-8.3%
unchanged
29.84
▲ 21.66

Turnover: not included in this filing.

Money flows

no detail for 2019

Balance sheet

balance sheet total €14.4m on 31-12-2019
What the company ownsHow it is paid for

in €m

in €m

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend201920182017201620152014201320122011
Balance sheet: assets
20/58 14.4m10.5m6.2m6.2m6.0m6.0m6.0m436,565685,059
21/28 260,042130,2818,12610,77014,96933,14934,910425,48536,162
22/27 04,5076,8949,53813,73719,51721,339412,04923,762
24 04,5076,8949,53813,73719,51721,33928,52123,762
27 -------383,528-
28 260,042125,7741,2321,2321,23213,63213,57113,43612,400
29/58 14.1m10.4m6.2m6.2m6.0m5.9m5.9m11,080648,897
3 13.1m9.4m6.2m6.2m6.0m5.9m5.9m--
30/36 13.1m9.4m6.2m6.2m6.0m5.9m5.9m--
40/41 8,1951,8637,1974,9271,3861,6568,5515,625313,397
40 7,435-6,624-1,2741,63866688282,331
41 7601,8635734,927111188,4854,93731,066
50/53 -1.0m-------
54/58 1.0m17,2752,6691,8413,8185,1602,9592,153332,500
490/1 5,231308-3,9223,8403,4713,9323,3023,000
Balance sheet: equity and liabilities
10/49 14.4m10.5m6.2m6.2m6.0m6.0m6.0m436,565685,059
10/15 -1.2m-872,766-659,719-570,501-490,374-360,468-186,10516,528152,421
10/11 18,55018,55012,40012,40012,40012,40012,40012,40012,400
100 18,55018,55018,55018,55018,55018,55018,55018,55018,550
101 -06,1506,1506,1506,1506,1506,1506,150
13 1,8551,8551,8551,8551,8551,8551,8551,8551,855
130 1,8551,8551,8551,8551,8551,8551,8551,8551,855
14 -1.2m-893,171-673,974-584,756-504,629-374,723-200,3602,273138,166
17/49 15.6m11.4m6.9m6.8m6.5m6.3m6.1m420,037532,638
17 15.1m10.1m-------
170/4 10.0m6.9m-------
178/9 5.1m3.2m-------
42/48 473,8161.3m6.9m6.8m6.5m6.3m6.1m420,037532,103
42 0--------
43 0700,0004.0m4.0m4.0m4.0m4.0m--
430/8 0700,0004.0m4.0m4.0m4.0m4.0m--
44 425,377569,73111,40547,75932,6825,50175,4517,5638,438
440/4 425,377569,73111,40547,75932,6825,50175,4517,5638,438
46 --------276,205
45 48,302-1,30815,19115,14066,9299304,3854,385
450/3 48,302-1,30815,19115,14066,9299304,3854,385
47/48 1372,4452.8m2.7m2.5m2.3m2.1m408,089243,075
492/3 016,350-1,833-6,3006,575-535
Income statement
70 --------282,332
76A ---6,000-40---
9900 -89,235-2,35246,56140,8256,670-24,040-115,527-110,221184,775
60/61 --------98,375
630 -2,3872,6442,6448,2838,0727,9407,6876,168
631/4 -------30,676-
640/8 72,97080,61478,98478,80865,20963,313868196114
66A 1,139--3,125-----
9901 -163,345-85,353-35,067-43,752-66,822-95,425-124,335-148,780178,493
75/76B 846622--22-11321,2622,346
75 846622--22-11321,2622,346
65/66B 159,080134,46554,15136,37563,10678,97878,4872,375433
65 154,573134,46554,15136,37563,10678,97878,4872,375433
66B 4,506--------
9903 -321,579-219,197-89,218-80,127-129,906-174,363-202,709-129,893180,406
67/77 2470-----76-4,385
9904 -321,826-219,197-89,218-80,127-129,906-174,363-202,633-129,893176,021
9905 -321,826-219,197-89,218-80,127-129,906-174,363-202,633-129,893176,021
Appropriation of the result
9906 -1.2m-893,171-673,974-584,756-504,629-374,723-200,3608,273176,021
691/2 --------1,855
6920 --------1,855
694/7 -------6,00036,000
695 -------6,00036,000
Document PDFPDFPDFPDFPDFPDFPDFPDFPDF

Source: Annual accounts 2019 (PDF), filed on 26-06-2020.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2019 full format 26-06-2020 2020-23500319 PDF
31-12-2018 micro format 23-07-2019 2019-36900172 PDF
31-12-2017 micro format 22-06-2018 2018-22000507 PDF
31-12-2016 micro format 11-08-2017 2017-43200125 PDF
31-12-2015 full format 30-09-2016 2016-64300010 PDF
31-12-2014 full format 31-08-2015 2015-54700407 PDF
31-12-2013 full format 26-08-2014 2014-46800442 PDF
31-12-2012 full format 25-10-2013 2013-64100387 PDF
31-12-2011 full format 31-10-2012 2012-62700541 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend201920182017201620152014201320122011
--82,966-32,423-41,108-58,540-87,353-116,395-141,093184,661
--216,810-86,575-77,483-121,624-166,291-194,693-122,206182,189
134,500124,54201,5692,5036,3111,758397,01042,330
996,36414,606828-1,977-1,3422,201806-330,347-
13.7m9.1m-667,846-579,438-505,343-387,317-214,440-408,957116,794
--------63.2%
-8.3%-8.3%-10.6%-9.2%-8.1%-6.0%-3.1%3.8%22.2%
29.848.180.900.910.920.940.970.031.22
2.170.800.000.000.000.000.000.031.22
-------25.413.49
--------785.9%115.5%
-2.2%-2.1%-1.4%-1.3%-2.1%-2.9%-3.4%-29.8%25.7%
--------365 days
--------31 days

EBIT margin: not included in this filing.

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on SERAPI

The operating result for 2019 is a loss of €163,345, larger than the loss of €85,353 in 2018. It is the lowest result since 2011.

Equity is negative. Debt (€15.6m) exceeds the balance-sheet total (€14.4m).

Board & ownership

Mandates through the years

2 names
Damien JACQUINET
Manager
VAHF
Manager
Earliermandate already running before its first mentionend not dated
Mandates as a list
  • Damien JACQUINET
    • Manager, until 24-05-2019
  • VAHF
    • Manager, appointed by deed of 24-05-2019, last mentioned in 2019

See the board, name and registered office on a given date →

Control

Parent
VAHF
Source: deed 04-05-2021
100%
This company
SERAPI
Equity -€1.2m
Loss €321,826 in 2019

Further up the chain4 ACES 100%

Capital

Capital
€18,550
Shares
100
Contribution per share
€186
Equity per share
-€11,946 in 2019
Source
deed of 12-03-2021

Capital transactions

Shareholders according to the deeds
Stated in the deed deed of 04-05-2021 ↗
  • VAHF (BE 0408.217.768) all shares
Capital over time
  1. 12-03-2021 Capital stated in the deed · €18,550 · 100 shares

Office holders in the KBO →

Network & group

Group

VAHF has 5 direct subsidiaries (2019 accounts), the bar shows equity in euros
ParentVAHF5 holdings, 1 country 2019 accounts

Belgium 5 Year Equity Result

  • BE SERAPIno longer active 2019-€1.2m result -€321,826 (2019)
  • BE W&S RETAILno longer active 2019€881,133 result -€19,379 (2019)
  • BE PAVILLONS D'OCTROIno longer active 2022€333,609 result -€5,468 (2022)
  • BE DEKSALno longer active 2020€120,736 result €38,141 (2020)
  • BE ENTAPROno longer active 2019-€49,474 result -€142,602 (2019)

Source: list of holdings in the 2019 accounts of VAHF. Every holding stands with its own latest accounts.

Earlier ties

DEKSAL
via VAHF, at SERAPI, last mentioned in 2019 · Director · deed of 20-08-2019
No longer active
 total assets €2.0m (2020)

Acquisitions and mergers

1 transaction
Taken over by:VAHF
BE 0408.217.768operation treated as a merger by absorption · Gazette deed of 04-05-2021 (4 deeds) · effective 16-04-2021

Connections & network

Depth

The network starts from the earlier ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

17 events since 2011
2021
Merger: absorbed by VAHFVAHF holds all the shares · General meeting of 16-04-20214 points ▸
  • Incorporation, 17-12-2010
  • General meeting, 16-04-2021
  • Accounting effect, 01-01-2021
  • VAHF holds all the shares
  • The deed holds 11 more points.

Open the deed in the Belgian Official Gazette

Merger proposal: to be absorbed by VAHFVAHF holds all the shares4 points ▸
  • Capital, €18,550, 100 shares
  • Capital, €18,739,038.80, 10,727 shares
  • Accounting effect, 01-01-2021
  • VAHF holds all the shares
  • The deed holds 13 more points.

Open the deed in the Belgian Official Gazette

Permanent representatives: Antoine Hupin and Frédéric CollinDirector discharge: Urbani · Director discharge: Antoine Hupin4 points ▸
  • Permanent representative, Antoine Hupin
  • Permanent representative, Frédéric Collin
  • Director discharge, Urbani
  • Director discharge, Antoine Hupin
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2020
Annual accounts 2019 filed PDFfull format · 35 days before the deadline
2019
Weakest financial year net -€321,826 The net result drops to -€321,826, the lowest from 2011 to 2019.
Liquidity more than triples current ratio 29.84 The current ratio rises from 8.18 to 29.84. Short-term debt falls from €1.3m to €473,816.
Annual accounts 2018 filed PDFmicro format · 8 days before the deadline
Registered office moved from Bruxelies to Watermael-BoitsfortNew registered office: rue du Gruyer 50, 1170 Watermael-Boitsfort · Previous registered office: avenue des Croix de Feux, 149/13, 1170 Bruxelies · Resignation: Damien JACQUINET (manager) · General meeting of 14-05-20196 points ▸
  • General meeting, 14-05-2019
  • Director resignation, Damien JACQUINET (manager)
  • Director appointment, URBANI (manager)
  • Permanent representative, Antoine HUPIN, mentioned twice in the deed
  • Director discharge, Damien JACQUINET (manager)
  • Registered-office move, rue du Gruyer 50, 1170 Watermael-Boitsfort

Open the deed in the Belgian Official Gazette

2018
Liquidity more than 9 times current ratio 8.18 The current ratio rises from 0.90 to 8.18. Short-term debt falls from €6.9m to €1.3m.
Annual accounts 2017 filed PDFmicro format · 39 days before the deadline
2017
Annual accounts 2016 filed PDFmicro format · 11 days late
2016
Annual accounts 2015 filed PDFfull format · 61 days late
2015
Annual accounts 2014 filed PDFfull format · 31 days late
2014
Annual accounts 2013 filed PDFfull format · 26 days late
2013
Annual accounts 2012 filed PDFfull format · 86 days late
2012
Annual accounts 2011 filed PDFfull format · 92 days late
2011
Incorporation PDF6 publications in the Belgian Official Gazette, the last on 04-05-2021

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

In 2019 the registered office moved to Watermael-Boitsfort.1 SERAPI has filed 9 sets of annual accounts, the latest for financial year 2019.2 In 2021 the company was absorbed by merger into VAHF.3

  1. 1Belgian Official Gazette, 24-05-2019
  2. 2National Bank, annual accounts 2019
  3. 3Belgian Official Gazette, 04-05-2021

Company details

Purpose according to the articles of association

PurposeThe purpose describes the activities the company may carry out under its articles.
“La société a pour objet tant en Belgique qu'à l'étranger,pour son compte ou pour compte de tiers,toute activité d'achat,de vente et de…”
16 activities
  1. La société a pour objet tant en Belgique qu'à l'étranger,pour son compte ou pour compte de tiers,toute activité d'achat,de vente et de fabrication de produits industriels ou non,ainsi que la commercialisation,l'importation et l'exportation de tout matériel et de toutes pièces et accessoires qui s'y rapportent et ce compris l'étude et les conseils en ces matières.
  2. La prestation de services administratifs au sens le plus large,et notamment,de secrétariat et gestion,de donner des avis et d'effectuer des études et audits dans les domaines juridique,financier,administratif et fiscal,ainsi que l'assistance technique,administrative,juridique,financière et économique.La société pourra procéder à l'exécution de missions d'audit particulières ainsi que l'assistance à l'occasion de négociations et représentations commerciales en Belgique et à l'étranger.
  3. La prise de participations dans toutes entreprises industrielles,commerciales ou civiles,ainsi que la gestion du portefeuille ainsi constitué,cette gestion devant s'entendre dans son sens le plus large.
  4. Faire l'acquisition par souscription ou achat d'actions,d'obligations,de bons de caisse et d'autres valeurs mobilières généralement quelconques,de sociétés existantes ou à constituer,ainsi que la gestion de ces valeurs.
  5. Contribuer à la constitution,au développement et à la gestion de sociétés par voie d'apports,de participation ou d'investissements généralement quelconques ou en acceptant des mandats d'administrateurs.
  6. Créer des filiales soit par scissions,soit par prises de participations.
  7. Agir en qualité d'intermédiaire à l'occasion de négociations tenues en vue de reprise de sociétés ou de prise de participation.
  8. Assurer à toutes sociétés une assistance technique,administrative ou financière,se porter caution pour elles.
  9. La gestion d'un patrimoine mobilier et immobilier,tant en Belgique,qu'à l'étranger,pour compte propre,ou pour compte de tiers,ou en participation avec des tiers.
  10. Faire toutes opérations civiles d'achat,de vente,de transformation,d'aménagement,de conclusion de baux commerciaux et/ou civils,de sous-location,d'échange et de vente de tous immeubles en ce compris l'achat d'immeubles en vue de leur revente.
  11. L'accomplissement de toutes opérations relatives à l'acquisition,la cession et la constitution de droits réels sur des biens immeubles bâtis ou non bâtis.
  12. Contracter ou consentir tout prêt généralement quelconque mais aussi hypothéquer ses immeubles et se porter caution pour tous prêts,ouvertures de crédit ou autres obligations,aussi bien pour elle-même que pour des tiers.
  13. Accomplir toutes opérations généralement quelconques,commerciales,industrielles,financières,mobilières ou immobilières,se rapportant directement ou indirectement à son objet.
  14. Accomplir pour son propre compte,toutes opérations financières relatives à des valeurs mobilières quelconques ainsi qu'à tous produits dérivés quels qu'ils soient.
  15. S'intéresser,par voie d'apport,de cession,de fusion,de souscription,de prise de participation ou toute autre forme d'investissement en titre ou droit mobilier,d'intervention financière ou autrement,dans toutes affaires,entreprises,associations ou sociétés ayant un objet identique,analogue,similaire ou connexe ou de nature à favoriser le développement de son entreprise,à lui procurer des matières premières ou à faciliter l'écoulement de ses produits et services.
  16. Exercer les fonctions d'administrateur ou de liquidateur dans d'autres sociétés.

Articles of association, deed of 12-03-2021 (in French)

Inactive

Absorbed by VAHF in April 2021

SERAPI is no longer in the KBO register. VAHF took it over in a merger by absorption, published in the Belgian Official Gazette on 4 May 2021.

Status
Inactive
Reason
Merger by absorption"operation treated as a merger by absorption", Belgian Official Gazette, 4 May 2021 · deed
Absorbed by
VAHF · 0408.217.768
Last annual accounts
financial year to 31 December 2019
Last registered office
Rue Du Gruyer 50, 1170 Watermael-Boitsfortas published on 4 May 2021
Legal form
Private limited company (pre-2019)
First annual accounts
financial year 2011
Official KBO record

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