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SERASOL PLUS

Active
Private limited companyfounded 20233 yrs activeRue des Gaillettes 32, 4651 Herve, BelgiumKBO/BCE: BE 0797.173.318
Summary

The computed 12-month bankruptcy probability of SERASOL PLUS is 4.0% (moderate). The 2024 annual accounts show equity of €34,471 and a net result of -€8,340. Its solvency ranks better than 23% of 3560 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability31▼-50
Solvency46▲+10
Growth32
Track record94
Bankruptcy probability, 12 months
4.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.1 against 1.09 in 2023; short-term debt: 66.5% and cash: 11.4% of total assets), and 78.9% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2024
Solvency, return and age of the figures
Solvency
21.1%
Return on assets
-5.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 3560 sector peers (2024).
NBB · sector comparison
Position among 3560 sector peers
Solvency
better than 23%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 13 January 2023, SERASOL PLUS was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€8,340
2023 · €36,811
Working capital
€10,760▼ 61.0%
2023 · €27,599
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20232024
Operating result€45,400--€5,925
Net result€36,811within the sector's middle half--€8,340below the sector's middle half
Equity€42,811below the sector's middle half-€34,471below the sector's middle half▼ 19.5%
Total assets€378,507within the sector's middle half-€163,088below the sector's middle half▼ 56.9%
Debt€335,697-€128,617▼ 61.7%
Working capital€27,599within the sector's middle half-€10,760below the sector's middle half▼ 61.0%
Solvency11.3%below the sector's middle half-21.1%below the sector's middle half▲ 9.8pp
Current ratio1.09below the sector's middle half-1.10below the sector's middle half▲ 0.01
Return on assets (ROA)9.7%within the sector's middle half--5.1%below the sector's middle half▼ 14.8pp
Staff (FTE)3.3below the sector's middle half-6.6within the sector's middle half▲ 100%
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2023: €45,400€45,400Net result 2023: €36,811€36,811Operating result 2024: -€5,925-€5,925Net result 2024: -€8,340-€8,34020232024-€20,000€0€20,000€40,000Operating result 2023: €45,400€45,400Net result 2023: €36,811€36,800Operating result 2024: -€5,925-€5,930Net result 2024: -€8,340-€8,34020232024
The operating result turns negative in 2024: a loss of €5,925 after €45,400 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €163,088
Fixed assets €43,886 ▲ 1.3%
Current assets €119,202 ▼ 64.4%
Equity and liabilities €163,088
Equity €34,471 ▼ 19.5%
Debt €128,617 ▼ 61.7%
Debt's share of the balance-sheet total falls from 88.7% to 78.9%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€3,882▼
2023 · €48,801
Cash flow
€1,468▼
2023 · €40,212
Quick ratio
1.00▼
2023 · 1.08
Debt to equity
3.73▼
2023 · 7.84
ROE
-24.2%▼
2023 · 86.0%
Interest coverage
2.22▼
2023 · 67.34
Debt ≤ 1 year
€108,442▼
2023 · €307,602
Debt > 1 year
€20,175▼
2023 · €28,095
Income taxes
€666▼
2023 · €7,868
Staff costs
€352,997▲
2023 · €177,131
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,270 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
3.6% went bankrupt
2.0% stopped otherwise
93% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.0% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,270 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet Code20232024
Assets
Total assets20/58€378,507€163,088▼
Fixed assets21/28€43,306€43,886▲
Tangible fixed assets22/27€43,306€43,886▲
Plant, machinery and equipment23€4,298€5,129▲
Furniture and vehicles24€8,453€14,786▲
Leasing and similar rights25€30,555€23,971▼
Current assets29/58€335,201€119,202▼
Stocks and contracts in progress3€2,146€11,000▲
Stocks30/36€2,146€11,000▲
Amounts receivable within one year40/41€246,350€88,622▼
Trade receivables40€212,179€82,066▼
Other amounts receivable41€34,171€6,557▼
Cash at bank and in hand54/58€86,706€18,590▼
Deferred charges and accrued income490/1-€989
Equity and liabilities
Total equity and liabilities10/49€378,507€163,088▼
Equity10/15€42,811€34,471▼
Contributions10/11€6,000€6,000=
Profit (loss) carried forward14€36,811€28,471▼
Amounts payable17/49€335,697€128,617▼
Amounts payable after more than one year17€28,095€20,175▼
Financial debts170/4€28,095€20,175▼
Amounts payable within one year42/48€307,602€108,442▼
Current portion of amounts payable after more than one year42€7,575€7,920▲
Trade debts44€256,379€50,676▼
Suppliers440/4€256,379€50,676▼
Advances received on contracts in progress46-€15,673
Taxes, remuneration and social security45€43,647€19,172▼
Taxes450/3€7,888€4,514▼
Remuneration and social security454/9€35,760€14,658▼
Other amounts payable47/48-€15,000
Income statement Code20232024
Remuneration, social security and pensions62€177,131€352,997▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,401€9,808▲
Other operating charges640/8€664€984▲
Gross operating margin9900€226,595€357,864▲
Operating profit (loss)9901€45,400-€5,925▼
Financial income75/76B€3-
Recurring financial income75€3-
Financial charges65/66B€725€1,749▲
Recurring financial charges65€725€1,749▲
Profit (loss) for the period before taxes9903€44,678-€7,674▼
Income taxes67/77€7,868€666▼
Profit (loss) for the period9904€36,811-€8,340▼
Profit (loss) for the period to be appropriated9905€36,811-€8,340▼
Appropriation of the result
Profit (loss) to be appropriated9906€36,811€28,471▼
Profit (loss) brought forward from the previous period14P-€36,811
Social balance
Average headcount (FTE)90873.36.6▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62€177,131€352,997▲ 99.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,401€9,808▲ 188%
Other operating charges640/8€664€984▲ 48.3%
Gross operating margin9900€226,595€357,864▲ 57.9%
Operating profit (loss)9901€45,400-€5,925▼ 113%
Financial income75/76B€3--
Recurring financial income75€3--
Financial charges65/66B€725€1,749▲ 141%
Recurring financial charges65€725€1,749▲ 141%
Profit (loss) for the period before taxes9903€44,678-€7,674▼ 117%
Income taxes67/77€7,868€666▼ 91.5%
Profit (loss) for the period9904€36,811-€8,340▼ 123%
Profit (loss) for the period to be appropriated9905€36,811-€8,340▼ 123%
Line20232024Change
Assets
Total assets20/58€378,507€163,088▼ 56.9%
Fixed assets21/28€43,306€43,886▲ 1.3%
Tangible fixed assets22/27€43,306€43,886▲ 1.3%
Plant, machinery and equipment23€4,298€5,129▲ 19.3%
Furniture and vehicles24€8,453€14,786▲ 74.9%
Leasing and similar rights25€30,555€23,971▼ 21.5%
Current assets29/58€335,201€119,202▼ 64.4%
Stocks and contracts in progress3€2,146€11,000▲ 413%
Stocks30/36€2,146€11,000▲ 413%
Amounts receivable within one year40/41€246,350€88,622▼ 64.0%
Trade receivables40€212,179€82,066▼ 61.3%
Other amounts receivable41€34,171€6,557▼ 80.8%
Cash at bank and in hand54/58€86,706€18,590▼ 78.6%
Deferred charges and accrued income490/1-€989-
Equity and liabilities
Total equity and liabilities10/49€378,507€163,088▼ 56.9%
Equity10/15€42,811€34,471▼ 19.5%
Contributions10/11€6,000€6,000=
Profit (loss) carried forward14€36,811€28,471▼ 22.7%
Amounts payable17/49€335,697€128,617▼ 61.7%
Amounts payable after more than one year17€28,095€20,175▼ 28.2%
Financial debts170/4€28,095€20,175▼ 28.2%
Amounts payable within one year42/48€307,602€108,442▼ 64.7%
Current portion of amounts payable after more than one year42€7,575€7,920▲ 4.6%
Trade debts44€256,379€50,676▼ 80.2%
Suppliers440/4€256,379€50,676▼ 80.2%
Advances received on contracts in progress46-€15,673-
Taxes, remuneration and social security45€43,647€19,172▼ 56.1%
Taxes450/3€7,888€4,514▼ 42.8%
Remuneration and social security454/9€35,760€14,658▼ 59.0%
Other amounts payable47/48-€15,000-
Line20232024Change
Profit (loss) for the period9904€36,811-€8,340▼ 123%
+ Depreciation and write-downs630€3,401€9,808▲ 188%
Operating cash flow (approximation)€40,212€1,468▼ 96.3%
Investment in fixed assets (approximation)--€10,387-
Change in cash--€68,115-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 30 days late
NBB filing
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Herve · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
3,399 m²
Building footprint
794 m²
Volume, LiDAR
3,871 m³
Parcel 63006D0285/00E000, Wallonia · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Rue des Gaillettes 32, 4651 Herve
General electrical installation work
since 20232.341.425.689
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63006D0285/00E000 Wallonia 3,399 m² 1 · 794 m² 6.3 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.

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,154 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
Founded13-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43410Roofing work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797173318
Registered 23-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.