Skip to content

SERAX

Active
Public limited companyfounded 198639 yrs activeVeldkant 21, 2550 Kontich, BelgiumKBO/BCE: BE 0430.067.019
Summary

SERAX has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7.7m and a net result of -€3.2m. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 38% of 5998 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability3▲+2
Solvency56▼-9
Growth39▼-3
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €340,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.78 in 2023; short-term debt: 57.3% and cash: 2.6% of total assets), but 68.7% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 39 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 →
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
31.3%
Return on assets
-12.9%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€3.2m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
on the day
2023
1 d early
2022
on the day
2021
on the day
2020
on the day
2019
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 5 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 (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 22 December 1986, SERAX was incorporated.1 In 2010 the registered office moved to Kontich.2 A capital increase in 2010 brought the capital to EUR 225,000.2 IMMO MOLENVELD was merged into the company in 2015.3 Of the 2 current board members, Siena Invest has served longest, since 2017.4 Revenue went from EUR 28 million in 2018 to EUR 38 million in 2024 and headcount from 56.6 to 80.2 full-time equivalents.5

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 14-04-2010
  3. 3Belgian State Gazette, 29-12-2015
  4. 4Belgian State Gazette, 31-05-2023
  5. 5National Bank, annual accounts 2018 and 2024

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, full schema

Turnover
€38.4m▼ 8.5%
2023 · €42.0m
EBIT margin
-5.9%▲ 1.4pp
2023 · -7.3%
Net result
-€3.2m▲ 17.6%
2023 · -€3.8m
Working capital
€8.6m▼ 21.2%
2023 · €10.9m
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
Line20202021202220232024
Turnover€30.7m▲ 1.2%€41.0m▲ 33.7%€44.5m▲ 8.4%€42.0m▼ 5.5%€38.4m▼ 8.5%
Operating result€3.7m▲ 72.5%€5.0m▲ 35.5%€1.5m▼ 70.6%-€3.1m-€2.3m▲ 25.9%
Net result€2.5mabove the sector's middle half▲ 93.5%€3.4mabove the sector's middle half▲ 39.6%€803,478above the sector's middle half▼ 76.5%-€3.8mbelow the sector's middle half-€3.2mbelow the sector's middle half▲ 17.6%
EBIT margin12.0%▲ 4.9pp12.1%▲ 0.2pp3.3%▼ 8.8pp-7.3%▼ 10.6pp-5.9%▲ 1.4pp
Equity€14.4mabove the sector's middle half▲ 9.4%€14.1mabove the sector's middle half▼ 1.7%€14.7mabove the sector's middle half▲ 3.8%€10.8mabove the sector's middle half▼ 26.2%€7.7mabove the sector's middle half▼ 29.2%
Total assets€21.6mabove the sector's middle half▲ 13.7%€23.0mabove the sector's middle half▲ 6.5%€31.7mabove the sector's middle half▲ 37.8%€27.2mabove the sector's middle half▼ 14.1%€24.5mabove the sector's middle half▼ 10.1%
Debt€7.2m▲ 23.3%€8.9m▲ 22.9%€17.0m▲ 91.9%€16.4m▼ 3.6%€16.8m▲ 2.6%
Working capital€13.3m▲ 10.1%€12.7m▼ 4.6%€13.2m▲ 3.9%€10.9m▼ 17.7%€8.6m▼ 21.2%
Solvency66.6%above the sector's middle half▼ 2.6pp61.4%above the sector's middle half▼ 5.1pp46.3%within the sector's middle half▼ 15.1pp39.8%within the sector's middle half▼ 6.5pp31.3%within the sector's middle half▼ 8.5pp
Staff (FTE)57.1above the sector's middle half▼ 1.9%58.7above the sector's middle half▲ 2.8%80.1above the sector's middle half▲ 36.5%82.4above the sector's middle half▲ 2.9%80.2above the sector's middle half▼ 2.7%
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.
Result per fiscal year
Operating resultNet result
-€5.0m-€2.5m€0€2.5m€5.0mOperating result 2020: €3.7m€3.7mNet result 2020: €2.5m€2.5mOperating result 2021: €5.0m€5.0mNet result 2021: €3.4m€3.4mOperating result 2022: €1.5m€1.5mNet result 2022: €803,478€803,478Operating result 2023: -€3.1m-€3.1mNet result 2023: -€3.8m-€3.8mOperating result 2024: -€2.3m-€2.3mNet result 2024: -€3.2m-€3.2m20202021202220232024-€4m-€2m€0€2mOperating result 2022: €1.5m€1.5mNet result 2022: €803,478€803,000Operating result 2023: -€3.1m-€3.1mNet result 2023: -€3.8m-€3.8mOperating result 2024: -€2.3m-€2.3mNet result 2024: -€3.2m-€3.2m202220232024
The operating result stays negative: a loss of €2.3m in 2024 against €3.1m in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €24.5m
Fixed assets €1.9m ▼ 22.2%
Current assets €22.6m ▼ 8.9%
Equity and liabilities €24.5m
Equity €7.7m ▼ 29.2%
Debt €16.8m ▲ 2.6%
Debt's share of the balance-sheet total rises from 60.2% to 68.7%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€1.5m▲
2023 · -€2.4m
Cash flow
-€2.4m▲
2023 · -€3.2m
Current ratio
1.61▼
2023 · 1.78
Quick ratio
0.73▲
2023 · 0.66
Debt to equity
2.19▲
2023 · 1.51
ROE
-41.3%▼
2023 · -35.5%
ROA
-12.9%▲
2023 · -14.1%
Interest coverage
-2.55▲
2023 · -5.48
Debt ≤ 1 year
€14.0m▲
2023 · €13.9m
Debt > 1 year
€2.2m▼
2023 · €2.2m
Income taxes
€107,491▲
2023 · €70,769
Staff costs
€6.4m▼
2023 · €6.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 146 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.

  • Medium-sized
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
  • without age
2.1% went bankrupt
5.5% stopped otherwise
92% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% 1.6%
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 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 146 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 · 96 lines
Balance sheet Code20232024
Assets
Total assets20/58€27.2m€24.5m▼
Formation expenses20-€0
Fixed assets21/28€2.4m€1.9m▼
Intangible fixed assets21€1.3m€994,689▼
Tangible fixed assets22/27€868,911€634,719▼
Plant, machinery and equipment23€207,341€153,874▼
Furniture and vehicles24€81,547€29,523▼
Leasing and similar rights25€351,977€315,485▼
Other tangible fixed assets26€228,046€135,837▼
Financial fixed assets28€216,980€234,753▲
Affiliated companies280/1€185,018€181,982▼
Participating interests280€81,982€81,982=
Amounts receivable281€103,036€100,000▼
Companies linked by participating interests282/3€11,951€0▼
Participating interests282€11,886€0▼
Amounts receivable283€65-
Other financial fixed assets284/8€20,011€52,771▲
Amounts receivable and cash guarantees285/8€20,011€52,771▲
Current assets29/58€24.8m€22.6m▼
Stocks and contracts in progress3€15.6m€12.3m▼
Stocks30/36€15.6m€12.3m▼
Raw materials and consumables30/31€1.1m€900,844▼
Work in progress32€1.7m€1.3m▼
Finished goods33€1.7m€1.2m▼
Goods purchased for resale34€11.1m€8.9m▼
Amounts receivable within one year40/41€8.7m€9.0m▲
Trade receivables40€8.4m€7.7m▼
Other amounts receivable41€231,402€1.3m▲
Current investments50/53€7,301€7,341▲
Other investments51/53€7,301€7,341▲
Cash at bank and in hand54/58€284,089€633,209▲
Deferred charges and accrued income490/1€270,714€669,258▲
Equity and liabilities
Total equity and liabilities10/49€27.2m€24.5m▼
Equity10/15€10.8m€7.7m▼
Contributions10/11€159,546€159,546=
Capital10€159,546€159,546=
Issued capital100€159,546€159,546=
Uncalled capital101-€0
Reserves13€13.8m€13.8m=
Non-distributable reserves130/1€15,955€15,955=
Legal reserve130€15,955€15,955=
Tax-exempt reserves132€13.0m€13.0m=
Distributable reserves133€800,000€800,000=
Profit (loss) carried forward14-€3.1m-€6.3m▼
Amounts payable17/49€16.4m€16.8m▲
Amounts payable after more than one year17€2.2m€2.2m▼
Financial debts170/4€2.2m€2.2m▼
Leasing and similar obligations172€212,058€175,793▼
Credit institutions173€21,251€0▼
Other loans174€2.0m€2.0m=
Amounts payable within one year42/48€13.9m€14.0m▲
Current portion of amounts payable after more than one year42€388,596€169,217▼
Financial debts43€4.9m€5.2m▲
Credit institutions430/8€4.8m€5.2m▲
Other loans439€91,336€27,495▼
Trade debts44€6.8m€6.9m▲
Suppliers440/4€6.8m€6.9m▲
Advances received on contracts in progress46€21,741€82,324▲
Taxes, remuneration and social security45€1.1m€1.0m▼
Taxes450/3€265,781€294,070▲
Remuneration and social security454/9€829,968€735,624▼
Other amounts payable47/48€730,283€674,056▼
Accrued charges and deferred income492/3€234,316€608,172▲
Income statement Code20232024
Operating income70/76A€43.6m€37.4m▼
Turnover70€42.0m€38.4m▼
Change in stocks of work in progress, finished goods and contracts in progress71€669,789-€1.6m▼
Other operating income74€908,996€613,402▼
Operating charges60/66A€46.6m€39.7m▼
Goods for resale, raw materials and consumables60€18.2m€14.1m▼
Purchases600/8€14.9m€12.4m▼
Change in stocks: decrease (increase)609€3.3m€1.8m▼
Services and other goods61€20.4m€18.1m▼
Remuneration, social security and pensions62€6.6m€6.4m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€678,966€719,668▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€55,950
Other operating charges640/8€379,132€374,160▼
Non-recurring operating charges66A€392,003€73,148▼
Operating profit (loss)9901-€3.1m-€2.3m▲
Financial income75/76B€305,019€229,136▼
Recurring financial income75€305,019€229,136▼
Income from current assets751€10,624€32,947▲
Other financial income752/9€294,395€196,189▼
Financial charges65/66B€1.0m€1.0m▲
Recurring financial charges65€1.0m€1.0m▲
Debt charges650€432,988€604,484▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€0
Other financial charges652/9€588,381€418,932▼
Profit (loss) for the period before taxes9903-€3.8m-€3.1m▲
Income taxes67/77€70,769€107,491▲
Taxes670/3€107,554€107,491▼
Tax adjustments and reversals of tax provisions77€36,785€0▼
Profit (loss) for the period9904-€3.8m-€3.2m▲
Profit (loss) for the period to be appropriated9905-€3.8m-€3.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€3.1m-€6.3m▼
Profit (loss) brought forward from the previous period14P€739,278-€3.1m▼
Social balance
Average headcount (FTE)908782.480.2▼

The notes to these accounts (91 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A-€41.4m€48.5m€43.6m€37.4m▼ 14.2%
Turnover70€30.7m€41.0m€44.5m€42.0m€38.4m▼ 8.5%
Change in stocks of work in progress, finished goods and contracts in progress71-€27,289€3.5m€669,789-€1.6m▼ 343%
Other operating income74-€382,722€522,064€908,996€613,402▼ 32.5%
Operating charges60/66A-€36.4m€47.0m€46.6m€39.7m▼ 14.9%
Goods for resale, raw materials and consumables60-€16.3m€21.6m€18.2m€14.1m▼ 22.4%
Purchases600/8-€16.8m€26.1m€14.9m€12.4m▼ 17.0%
Change in stocks: decrease (increase)609--€546,928-€4.6m€3.3m€1.8m▼ 46.8%
Services and other goods61-€15.4m€18.8m€20.4m€18.1m▼ 11.4%
Remuneration, social security and pensions62-€4.1m€5.8m€6.6m€6.4m▼ 3.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€423,941€390,448€318,254€678,966€719,668▲ 6.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€21,960-€14,226--€55,950-
Other operating charges640/8-€211,167€188,213€379,132€374,160▼ 1.3%
Non-recurring operating charges66A--€365,842€392,003€73,148▼ 81.3%
Operating profit (loss)9901€3.7m€5.0m€1.5m-€3.1m-€2.3m▲ 25.9%
Financial income75/76B-€59,793€233,142€305,019€229,136▼ 24.9%
Recurring financial income75€52,189€59,793€233,142€305,019€229,136▼ 24.9%
Income from current assets751-€1,025€7,174€10,624€32,947▲ 210%
Other financial income752/9-€58,768€225,967€294,395€196,189▼ 33.4%
Financial charges65/66B-€382,626€492,859€1.0m€1.0m▲ 0.2%
Recurring financial charges65€353,316€382,626€492,859€1.0m€1.0m▲ 0.2%
Debt charges650€175,746€179,769€280,069€432,988€604,484▲ 39.6%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651----€0-
Other financial charges652/9-€202,857€212,791€588,381€418,932▼ 28.8%
Profit (loss) for the period before taxes9903€3.4m€4.6m€1.2m-€3.8m-€3.1m▲ 18.9%
Income taxes67/77€910,337€1.2m€395,940€70,769€107,491▲ 51.9%
Taxes670/3-€1.2m€438,931€107,554€107,491▼ 0.1%
Tax adjustments and reversals of tax provisions77-€318€42,991€36,785€0▼ 100%
Profit (loss) for the period9904€2.5m€3.4m€803,478-€3.8m-€3.2m▲ 17.6%
Profit (loss) for the period to be appropriated9905€2.5m€3.4m€803,478-€3.8m-€3.2m▲ 17.6%
Line20202021202220232024Change
Assets
Total assets20/58€21.6m€23.0m€31.7m€27.2m€24.5m▼ 10.1%
Formation expenses20----€0-
Fixed assets21/28€1.0m€1.4m€1.8m€2.4m€1.9m▼ 22.2%
Intangible fixed assets21€293,603€332,049€761,224€1.3m€994,689▼ 24.1%
Tangible fixed assets22/27€568,123€780,532€701,181€868,911€634,719▼ 27.0%
Plant, machinery and equipment23-€212,899€248,881€207,341€153,874▼ 25.8%
Furniture and vehicles24-€190,904€139,014€81,547€29,523▼ 63.8%
Leasing and similar rights25---€351,977€315,485▼ 10.4%
Other tangible fixed assets26-€376,728€313,286€228,046€135,837▼ 40.4%
Financial fixed assets28€163,784€281,539€287,900€216,980€234,753▲ 8.2%
Affiliated companies280/1-€183,006€185,017€185,018€181,982▼ 1.6%
Participating interests280-€81,982€81,982€81,982€81,982=
Amounts receivable281-€101,025€103,036€103,036€100,000▼ 2.9%
Companies linked by participating interests282/3-€11,951€11,951€11,951€0▼ 100%
Participating interests282-€11,886€11,886€11,886€0▼ 100%
Amounts receivable283-€65€65€65--
Other financial fixed assets284/8-€86,581€90,931€20,011€52,771▲ 164%
Amounts receivable and cash guarantees285/8-€86,581€90,931€20,011€52,771▲ 164%
Current assets29/58€20.6m€21.6m€29.9m€24.8m€22.6m▼ 8.9%
Stocks and contracts in progress3€9.6m€10.9m€18.2m€15.6m€12.3m▼ 21.0%
Stocks30/36-€10.9m€18.2m€15.6m€12.3m▼ 21.0%
Raw materials and consumables30/31-€1.2m€1.3m€1.1m€900,844▼ 18.0%
Work in progress32--€1.7m€1.7m€1.3m▼ 24.4%
Finished goods33-€263,364€2.0m€1.7m€1.2m▼ 29.3%
Goods purchased for resale34-€8.7m€13.2m€11.1m€8.9m▼ 19.5%
Advance payments36-€750,270----
Amounts receivable within one year40/41€5.4m€7.2m€11.1m€8.7m€9.0m▲ 3.7%
Trade receivables40-€6.7m€8.7m€8.4m€7.7m▼ 8.6%
Other amounts receivable41-€552,917€2.3m€231,402€1.3m▲ 454%
Current investments50/53€7,274€7,274€7,274€7,301€7,341▲ 0.5%
Other investments51/53-€7,274€7,274€7,301€7,341▲ 0.5%
Cash at bank and in hand54/58€5.1m€3.3m€238,962€284,089€633,209▲ 123%
Deferred charges and accrued income490/1-€142,615€376,116€270,714€669,258▲ 147%
Equity and liabilities
Total equity and liabilities10/49€21.6m€23.0m€31.7m€27.2m€24.5m▼ 10.1%
Equity10/15€14.4m€14.1m€14.7m€10.8m€7.7m▼ 29.2%
Contributions10/11€159,546€159,546€159,546€159,546€159,546=
Capital10-€159,546€159,546€159,546€159,546=
Issued capital100-€159,546€159,546€159,546€159,546=
Uncalled capital101----€0-
Reserves13€13.8m€13.8m€13.8m€13.8m€13.8m=
Non-distributable reserves130/1-€15,955€15,955€15,955€15,955=
Legal reserve130-€15,955€15,955€15,955€15,955=
Tax-exempt reserves132-€13.0m€13.0m€13.0m€13.0m=
Distributable reserves133-€800,000€800,000€800,000€800,000=
Profit (loss) carried forward14€446,097€202,829€739,278-€3.1m-€6.3m▼ 102%
Amounts payable17/49€7.2m€8.9m€17.0m€16.4m€16.8m▲ 2.6%
Amounts payable after more than one year17--€274,378€2.2m€2.2m▼ 2.6%
Financial debts170/4--€274,378€2.2m€2.2m▼ 2.6%
Leasing and similar obligations172---€212,058€175,793▼ 17.1%
Credit institutions173--€274,378€21,251€0▼ 100%
Other loans174---€2.0m€2.0m=
Amounts payable within one year42/48€7.2m€8.9m€16.7m€13.9m€14.0m▲ 0.8%
Current portion of amounts payable after more than one year42--€173,147€388,596€169,217▼ 56.5%
Financial debts43-€983,379€5.9m€4.9m€5.2m▲ 6.8%
Credit institutions430/8-€933,892€5.8m€4.8m€5.2m▲ 8.2%
Other loans439-€49,487€21,990€91,336€27,495▼ 69.9%
Trade debts44€2.8m€3.0m€6.0m€6.8m€6.9m▲ 0.8%
Suppliers440/4-€3.0m€6.0m€6.8m€6.9m▲ 0.8%
Advances received on contracts in progress46--€4,951€21,741€82,324▲ 279%
Taxes, remuneration and social security45-€948,824€1.7m€1.1m€1.0m▼ 6.0%
Taxes450/3-€237,863€938,513€265,781€294,070▲ 10.6%
Remuneration and social security454/9-€710,961€771,944€829,968€735,624▼ 11.4%
Other amounts payable47/48-€4.0m€3.0m€730,283€674,056▼ 7.7%
Accrued charges and deferred income492/3--€45,259€234,316€608,172▲ 160%
Line20202021202220232024Change
Profit (loss) for the period9904€2.5m€3.4m€803,478-€3.8m-€3.2m▲ 17.6%
+ Depreciation and write-downs630€423,941€390,448€318,254€678,966€719,668▲ 6.0%
Operating cash flow (approximation)€2.9m€3.8m€1.1m-€3.2m-€2.4m▲ 22.7%
Investment in fixed assets (approximation)--€759,056-€674,439-€1.3m-€186,896▲ 85.9%
Change in cash--€1.8m-€3.1m€45,127€349,120▲ 674%

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

Download as CSV

Timeline · acts, filings and financial milestones

2025
29-12
State Gazette act Permanent representatives: Gert Claes and Marlies Polfliet
3 facts ▸
  • Board meeting, 29-08-2025
  • Permanent representative, Gert Claes
  • Permanent representative, Marlies Polfliet
31-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
24-06
State Gazette act Permanent representatives: Johan BUYLE, Frank Buysse and Tim KAMANAYO GENGOUX
Power of attorney5 facts ▸
  • Board meeting, 05-05-2025
  • Permanent representative, Johan BUYLE
  • Permanent representative, Frank Buysse
  • Power of attorney, Wynwood BV
  • Permanent representative, Tim KAMANAYO GENGOUX
2024
30-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
12-06
State Gazette act Reappointment: BDO Bedrijfsrevisoren CV (statutory auditor)
Permanent representative: Axel Van Den Bossche3 facts ▸
  • General meeting, 26-05-2023
  • Auditor reappointment, BDO Bedrijfsrevisoren CV (statutory auditor)
  • Permanent representative, Axel Van Den Bossche
16-02
State Gazette act Statutes amendment
Capital3 facts ▸
  • General meeting, 28-12-2023
  • Capital, €159.546,17
  • Statutes amendment
2023
31-12
Financial Weakest financial yearnet -€3.8m
Net result drops to -€3.8m, the lowest in the series; recovery starts the following year.
31-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
31-05
State Gazette act Reappointments: SIENA INVEST NV (director) and AX BV (director)
Permanent representatives: Johan Buyle and Axel Van Den Bossche7 facts ▸
  • Written decision, 28-04-2023
  • Director reappointment, SIENA INVEST NV (director)
  • Permanent representative, Johan Buyle
  • Director reappointment, AX BV (director)
  • Permanent representative, Axel Van Den Bossche
  • Board composition, SIENA INVEST NV (director)
  • Board composition, AX BV (director)
2022
31-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Highest result since 2018net €3.4m ▲39.6%
Operating result €5.0m, net result €3.4m, both a record.
13-09
State Gazette act Resignation: THE DECO DESIGN FACTORY NV (director)
Appointment: AX BV (director) · Permanent representative: Axel Van Den Bossche4 facts ▸
  • General meeting, 26-08-2021
  • Director resignation, THE DECO DESIGN FACTORY NV (director)
  • Director appointment, AX BV (director)
  • Permanent representative, Axel Van Den Bossche
Show earlier events
31-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
15-04
State Gazette act Reappointment: BDO Bedrijfsrevisoren CV (statutory auditor)
Permanent representative: Axel Van Den Bossche3 facts ▸
  • General meeting, 29-05-2020
  • Auditor reappointment, BDO Bedrijfsrevisoren CV (statutory auditor)
  • Permanent representative, Axel Van Den Bossche
2020
14-07
State Gazette act Permanent representatives: Johan Buyle and Axel Van Den Bossche
2 facts ▸
  • Permanent representative, Johan Buyle
  • Permanent representative, Axel Van Den Bossche
30-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
05-03
State Gazette act Permanent representatives: Axel Van Den Bossche and AX BVBA
4 facts ▸
  • Board meeting, 31-01-2019
  • Permanent representative, Axel Van Den Bossche
  • Permanent representative, AX BVBA
  • Permanent representative, Axel Van Den Bossche
2018
15-10
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 76 days late
2017
27-10
State Gazette act Resignations: Axel VAN DEN BOSSCHE, Frank LAMBERT and 2 others
Appointments: Siena Invest (director) and The Deco Design Factory (director) · Permanent representatives: Jobufin BVBA, Johan Buyle and Axel VAN DEN BOSSCHE · Director discharge17 facts ▸
  • General meeting, 04-10-2017
  • Director resignation, Axel VAN DEN BOSSCHE (director)
  • Director resignation, Frank LAMBERT (director)
  • Director resignation, Value Research Group BVBA (director)
  • Director resignation, Equity@Work BVBA (director)
  • Director discharge, Axel VAN DEN BOSSCHE
  • Director discharge, Frank LAMBERT
  • Director discharge, Value Research Group BVBA
  • Director discharge, Equity@Work BVBA
  • Director appointment, Siena Invest (director)
  • Permanent representative, Jobufin BVBA
  • Permanent representative, Johan Buyle
  • +5 further facts in this act
31-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
30-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
29-12
State Gazette act Restructuring
Merger · Accounting effect · Real estate7 facts ▸
  • General meeting, 15-12-2015
  • Merger
  • Accounting effect, 01-07-2015
  • Real estate, Perceel grond aan de Veldkant 21, Kontich, sectie B, nummers 121/E, 122/C/deel, 127/deel, 128/deel en 129/D/deel, thans 121/G/P0001, oppervlakte 20297 m², belas…
  • Power of attorney, FIDUCIAIRE GOYVAERTS ERWIN & C°
  • Power of attorney, Goyvaerts Erwin
  • Merger proposal, 28-09-2015
29-12
State Gazette act Restructuring
Demerger · Capital decrease · Capital18 facts ▸
  • General meeting, 15-12-2015
  • Demerger, partielle splitsing, overneming
  • Capital decrease, €159.546,17
  • Capital, €159.546,17
  • Capital increase, €65.453,83
  • Share issue, 5774, vergoeding voor partiële splitsing
  • Real estate, Een perceel grond met opgerichte gebouwen en alle verdere aanhorigheden, gestaan en gelegen aan de Veldkant 21, volgens titel ten kadaster gekend sectie B, numm…
  • Net-asset statement, 30-06-2015
  • Accounting effect, 01-07-2015
  • Statutes amendment
  • Exchange ratio, 2,569670142 aandelen SERAX IMMO NV uitgereikt voor elk aandeel SERAX NV ten belope van het af te splitsen gedeelte van SERAX NV
  • Treasury shares exclusion, artikel 740, §2, 2° van het Wetboek van vennootschappen, 5774
  • +6 further facts in this act
09-10
State Gazette act Restructuring
Permanent representatives: Peter Van de Weyer and Axel Van Den Bossche · Appointment: BDO Bedrijfsrevisoren (statutory auditor) · Merger20 facts ▸
  • Merger, met fusie door overneming gelijkgestelde handeling
  • Accounting effect, 01-07-2015
  • Capital, €225.000
  • Capital, €62.000
  • Board composition, The Deco Design Factory NV (director)
  • Board composition, Axel Van Den Bossche (director and managing director)
  • Board composition, Frank Lambert (director)
  • Permanent representative, Peter Van de Weyer
  • Board composition, The Deco Design Factory NV (director)
  • Board composition, bestuurder en gedelegeerd bestuurder, 28-09-2015
  • Board composition, Axel Van Den Bossche (director)
  • Board composition, Frank Lambert (director)
  • +8 further facts in this act
09-10
State Gazette act Restructuring
Permanent representative: Peter Van de Weyer · Appointment: BDO BEDRIJFSREVISOREN (statutory auditor) · Demerger25 facts ▸
  • Demerger, 28-09-2015
  • Merger, geruisloze fusie
  • Capital, €225.000
  • Board composition, THE DECO DESIGN FACTORY (director)
  • Board composition, Axel Van Den Bossche (director and managing director)
  • Board composition, Frank Lambert (director)
  • Permanent representative, Peter Van de Weyer
  • Auditor appointment, BDO BEDRIJFSREVISOREN (statutory auditor)
  • Capital, €100.000
  • Board composition, Axel Van Den Bossche (director and managing director)
  • Board composition, Frank Lambert (director)
  • Board composition, THE DECO DESIGN FACTORY (director)
  • +13 further facts in this act
14-08
State Gazette act Reappointments: The Deco Design Factory NV, Axel Van Den Bossche and Frank Lambert
Permanent representatives: Peter Van de Weyer and The Value Research Group BVBA6 facts ▸
  • General meeting, 29-05-2015
  • Director reappointment, The Deco Design Factory NV (director)
  • Permanent representative, Peter Van de Weyer
  • Director reappointment, Axel Van Den Bossche (director)
  • Director reappointment, Frank Lambert (director)
  • Permanent representative, The Value Research Group BVBA
26-06
State Gazette act Appointment: BDO Bedrijfsrevisoren CVBA (statutory auditor)
2 facts ▸
  • General meeting, 30-05-2014
  • Auditor appointment, BDO Bedrijfsrevisoren CVBA
2012
10-08
State Gazette act Purpose · Statutes amendment
Purpose change · Approval3 facts ▸
  • General meeting, 23-07-2012
  • Purpose change, Toevoeging van bijkomend doel: mensen uit de kansengroepen aan te werven en te begeleiden vanuit het standpunt van duurzaam en/of maatschappelijk verantwoord on…
  • Approval, Staat van activa en passiva afgesloten op 31 mei 2012 en controleverslag van BDO Bedrijfsrevisoren BCV, vertegenwoordigd door Claes Gert, gedateerd 4 juli 2012
2011
09-12
State Gazette act Appointment: BDO Bedrijfsrevisoren BCV (company auditor)
Permanent representative: Claes Gert3 facts ▸
  • General meeting, 07-12-2010
  • Auditor appointment, BDO Bedrijfsrevisoren BCV (company auditor)
  • Permanent representative, Claes Gert
16-06
State Gazette act Statutes amendment
4 facts ▸
  • General meeting, 01-06-2011
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
11-01
State Gazette act Resignations: Frank LAMBERT, Axel VAN DEN BOSSCHE and 2 others
Appointments: Axel VAN DEN BOSSCHE, Frank LAMBERT and THE DECO DESIGN FACTORY · Permanent representatives: VALUE RESEARCH GROUP and Peter VAN DE WEYER13 facts ▸
  • General meeting, 17-12-2010
  • Director resignation, Frank LAMBERT (director)
  • Director resignation, Axel VAN DEN BOSSCHE (director)
  • Director resignation, Serge VAN DEN BOSSCHE (director)
  • Director resignation, MAISON D'ETRE (director)
  • Director appointment, Axel VAN DEN BOSSCHE (director)
  • Director appointment, Frank LAMBERT (director)
  • Director appointment, THE DECO DESIGN FACTORY (director)
  • Permanent representative, VALUE RESEARCH GROUP
  • Permanent representative, Peter VAN DE WEYER
  • Board meeting, 17-12-2010
  • Director appointment, THE DECO DESIGN FACTORY (chair of the board)
  • +1 further facts in this act
2010
14-04
State Gazette act Reappointments: MAISON D'ETRE, VAN DEN BOSSCHE Axel Marcel Valère and 2 others
Appointments: VAN DEN BOSSCHE Axel Marcel Valère (chair) and MAISON D'ETRE (gedelegeerd bestuurder) · Permanent representative: VAN DEN BOSSCHE Axel Marcel Valère · Registered-office move14 facts ▸
  • General meeting, 31-03-2010
  • Registered-office move, 2550 Kontich, Veldkant 21
  • Purpose change, De groot- en kleinhandel in bloemisterijbenodigdheden. in artikelen voor de binnenhuisinrichting en tuininrichting, zijnde van de keramische nijverheid, glasnij…
  • Capital increase, €45.277,2
  • Capital, €225.000
  • Statutes amendment
  • Director reappointment, MAISON D'ETRE (director)
  • Director reappointment, VAN DEN BOSSCHE Axel Marcel Valère (director)
  • Director reappointment, VAN DEN BOSSCHE Serge Valère (director)
  • Director reappointment, LAMBERT Frank Paul (director)
  • Board meeting, 31-03-2010
  • Director appointment, VAN DEN BOSSCHE Axel Marcel Valère (chair)
  • +2 further facts in this act
2008
11-02
State Gazette act Reappointment: STEFAN MICHIELS (statutory auditor)
2 facts ▸
  • General meeting, 08-11-2007
  • Auditor reappointment, STEFAN MICHIELS (statutory auditor)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
22 of 22 acts read

Directors · office · real estate

Directors
2 directors, no change since 2023

Board 2

Siena Invest
Director · since 04-10-2017 · Public limited company · perm. rep.: Johan Buyle
Current
AX
Director · since 30-07-2021 · Private limited company · perm. rep.: Axel Van Den Bossche
Current
3 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
THE DECO DESIGN FACTORY
Chair of the board · since 17-12-2010 · Director · since 17-12-2010 · Legal entity · perm. rep.: Axel VAN DEN BOSSCHE
Not recently confirmed
LAMBERT Frank Paul
Director · since 31-03-2010
Not recently confirmed
MAISON D'ETRE
Director · since 31-03-2010 · Legal entity · perm. rep.: VAN DEN BOSSCHE Axel Marcel Valère
Not recently confirmed

Day-to-day management 2

MAISON D'ETRE
Gedelegeerd bestuurder · since 31-03-2010 · Legal entity · perm. rep.: VAN DEN BOSSCHE Axel Marcel Valère
Not recently confirmed
THE DECO DESIGN FACTORY
Managing director · since 04-10-2017 · Legal entity · perm. rep.: Axel VAN DEN BOSSCHE
Not recently confirmed

Permanent representatives 2

Johan Buyle
Permanent representative · since 04-10-2017 · for Siena Invest
Current
Axel Van Den Bossche
Permanent representative · since 30-07-2021 · for AX
Current

Statutory auditor 1

BDO Bedrijfsrevisoren CV
Statutory auditor · since 07-12-2010
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 1986
seat establishment The establishment unit on the map
Ground area
2.0 ha
Building footprint
1.4 ha
Volume, LiDAR
104,805 m³
Parcel 11024B0121/00G000, Flanders · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
SERAX NV
Veldkant 21, 2550 KontichNACE 51441
since 19862.031.216.721
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11024B0121/00G000 Flanders 2.0 ha 1 · 1.4 ha 14.2 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.

Mandate history

13 people since 2007, 6 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Siena Invest
  • Director, from 04-10-2017 to date
AX
  • Director, from 30-07-2021 to date
BDO Bedrijfsrevisoren CV
  • Statutory auditor, from 07-12-2010 to date
LAMBERT Frank Paul
  • Director, already before 31-03-2010 not ended, last confirmed 14-04-2010
MAISON D'ETRE
  • Director, already before 31-03-2010 not ended, last confirmed 14-04-2010
  • Gedelegeerd bestuurder, from 31-03-2010 not ended, last confirmed 14-04-2010
THE DECO DESIGN FACTORY
  • Chair of the board, from 17-12-2010 not ended, last confirmed 11-01-2011
  • Director, from 17-12-2010 not ended, last confirmed 27-10-2017
  • Managing director, from 04-10-2017 not ended, last confirmed 27-10-2017
Equity@Work bvba
  • Director, until 04-10-2017
Frank Lambert
  • Director, already before 17-12-2010 to 04-10-2017
Value Research Group BVBA
  • Director, until 04-10-2017
VAN DEN BOSSCHE Axel Marcel Valère
  • Chair, from 31-03-2010 ended, last mentioned 14-04-2010
  • Director, already before 31-03-2010 to 04-10-2017
  • Managing director, from 17-12-2010 to 04-10-2017
MAISON D'ETRE
  • Director, until 17-12-2010
VAN DEN BOSSCHE Serge Valère
  • Director, already before 31-03-2010 to 17-12-2010
STEFAN MICHIELS
  • Statutory auditor, from 08-11-2007 to 07-12-2010
See the board, name and seat on a given date →

Articles of association

Purpose
De groot- en kleinhandel in bloemisterijbenodigdheden, in artikelen voor de binnenhuisinrichting en tuininrichting, zijnde van de keramische nijverheid, glasnijverheid…
Full purpose

De groot- en kleinhandel in bloemisterijbenodigdheden, in artikelen voor de binnenhuisinrichting en tuininrichting, zijnde van de keramische nijverheid, glasnijverheid, houtnijverheid, metaalnijverheid, of andere materialen. De groot- en kleinhandel in meubelen. De groot- en kleinhandel in huishoudartikelen, luxe artikelen en aanverwante. De groot- en kleinhandel van textiel en kleding en alle mogelijke kledingaccessoires. Het vervaardigen of laten vervaardigen en vervoeren van alle voormelde artikelen. Het commercialiseren, onder al zijn mogelijke vormen, en met name de aankoop, de verkoop, de invoer en de uitvoer, de makelaardij en, de commissie van voormelde artikelen, zelfs deze door andere ondernemingen gefabriceerd. Het concipiëren, fabriceren en commercialiseren van voorgaande artikelen. De vennootschap kan handelen voor eigen rekening, in commissie, als tussenpersoon of als vertegenwoordiger. De vennootschap heeft tot voorwerp in België en in het buitenland, voor eigen rekening, voor rekening van derden of voor gezamenlijke rekening met derden: – het aanleggen, het oordeelkundig beheer en het uitbreiden van een roerend en onroerend vermogen; – alle studiën en operaties met betrekking tot alle onroerende goederen en rechten en tot alle roerende goederen en rechten welke daaruit voortvloeien, zoals de aankoop, de bouw, de verbouwing, de aanpassing, de huur en onderhuur, de ruiling, de verkoop en, in het algemeen, alle operaties die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, voor zichzelf of voor anderen van alle bebouwde of onbebouwde onroerende eigendommen; – de aankoop, verkoop en ruiling, het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen en van alle roerende goederen en rechten; – het stimuleren, de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen, waarin ze een participatie aanhoudt; het deelnemen aan hun beheer, bestuur en toezicht alsmede het verlenen van technische, administratieve en financieële bijstand aan deze vennootschappen en ondernemingen. De onderneming heeft als bijkomend voorwerp mensen uit de kansengroepen aan te werven en te begeleiden en dit vanuit het standpunt van duurzaam en/of verantwoord ondernemen. De vennootschap mag alle roerende of onroerende goederen, materialen en benodigdheden, verwerven, huren of verhuren, vervaardigen, overdragen of ruilen, en in het algemeen, alle commerciële, industriële of financieële handelingen verrichten, die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp, met inbegrip van de onderaanneming in het algemeen, en de uitbating van alle intellectuele rechten en industriële of commerciële eigendommen die er betrekking op hebben. Zij mag alle roerende en onroerende goederen als investering verwerven, zelfs als deze noch rechtstreeks noch onrechtstreeks verband houden met het voorwerp van de vennootschap. De vennootschap mag het bestuur en de vereffening waarnemen in alle verbonden vennootschappen, met de welke een of andere band van deelneming bestaat en mag alle leningen, van gelijk welke vorm en voor gelijk welke duur, aan deze laatste toestaan of borgstellingen verstrekken voor deze vennootschappen. Zij mag bij wijze van inbreng in speciën of in natura, van fusie, inschrijving, deelneming, financieële tussenkomst of op een andere wijze, een aandeel nemen in alle bestaande of op te richten vennootschappen of bedrijven, in België of het buitenland, waarvan het voorwerp identiek, gelijkaardig of verwant is met het hare, of van aard is de uitoefening van haar voorwerp te bevorderen. Deze lijst is exemplatief en niet beperkend.

Structure & network

Part of the group Siena Invest 3 companies Group, risk and exposure

Owners and holdings

1 owner · 1 holding

Chain of control

  1. Siena Invest 100%
  2. SERAX

Highest known parent: Siena Invest. The sources do not say who stands above it.

Owners 1

Holdings 1

  • SERAX US INCUSsubsidiary
    Equity USD 67,957Result USD 1,159
    100%

According to the 2024 annual accounts of SERAX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

4 connected companies

Acquisitions and mergers

2 transactions
Took over:IMMO MOLENVELD
BE 0465.137.962operation treated as a merger by absorption · State Gazette act of 29-12-2015 (3 acts)
Split off to:SERAX IMMO
BE 0635.657.628partial demerger · State Gazette act of 29-12-2015 (2 acts) · effective 28-09-2015

Capital and shareholders

Capital over the years
  1. 16-02-2024 Capital stated in the act · 159,546.17 EUR · 2,250 shares
  2. 29-12-2015 Capital reduction · to 159,546.17 EUR · “zonder vernietiging van de bestaande aandelen”
  3. 09-10-2015 Capital stated in the act · 225,000 EUR · 2,250 shares
  4. 14-04-2010 Capital increase of 45,277.20 EUR · to 225,000 EUR · from reserves

Public money · subsidies and aid

Flemish government

2022 to 2025 · 9 entries · 37,456 EUR awarded · 37,399 EUR paid
Year Entries awardedpaid
2025 2 13,189 EUR13,429 EUR
2024 2 5,010 EUR4,770 EUR
2023 3 10,403 EUR10,346 EUR
2022 2 8,854 EUR8,854 EUR
Schemes
3 entries · 22,578 EUR · 22,578 EUR paid · Departement Werk en Sociale Economie
1 entry · 13,189 EUR · 13,189 EUR paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie
4 entries · 1,189 EUR · 1,132 EUR paid · Fonds voor Innoveren en Ondernemen
1 entry · 500 EUR · 500 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Legal Entity Identifier

549300XZVKMCB0GKIX09
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 679 companies in sector 46494 we hold annual accounts for 530. 166 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded22-12-1986
Fiscal year end31-12
Activities, NACEBEL 2025
46220Wholesale trade
46494Wholesale of non-electrical household articles
E-invoicing
Reachable via Peppol
Peppol ID 0208:0430067019
Also 9925:BE0430067019
Registered 13-01-2026

Register as of 27 September 2026 · Peppol Directory

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