SERBI
ActiveSummary
SERBI has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.6m and a net result of €1.8m. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 26% of 842 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+8
Solvency43=
Growth71▲+3
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.31 in 2024; short-term debt: 70.9% and cash: 3% of total assets), and 82.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
17.6%
Return on assets
7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
22 d early
2023
19 d early
2022
18 d early
2021
31 d early
2020
38 d early
2019
30 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 26 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Thimister-Clermont, Construction sector#2 employer in Thimister-Clermont, Construction sector#2 company by equity in Thimister-Clermont, Construction sector
Turnover
€45.0m▲ 21.5%
2024 · €37.1m
EBIT margin
6.1%▲ 2.8pp
2024 · 3.3%
Net result
€1.8m▲ 176%
2024 · €659,572
Working capital
€5.2m▲ 10.2%
2024 · €4.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Turnover€29.1m▲ 4.1%€46.4m▲ 59.4%€36.2m▼ 22.0%€37.1m▲ 2.4%€45.0m▲ 21.5%
Operating result€1.1m▲ 217%€1.8m▲ 67.0%€627,889▼ 64.7%€1.2m▲ 93.6%€2.7m▲ 126%
Net result€624,712above the sector's middle half▲ 355%€1.1mabove the sector's middle half▲ 83.6%€261,199above the sector's middle half▼ 77.2%€659,572above the sector's middle half▲ 153%€1.8mabove the sector's middle half▲ 176%
EBIT margin3.7%▲ 2.5pp3.8%▲ 0.2pp1.7%▼ 2.1pp3.3%▲ 1.5pp6.1%▲ 2.8pp
Equity€3.0mabove the sector's middle half▼ 7.9%€3.5mabove the sector's middle half▲ 18.7%€3.7mabove the sector's middle half▲ 4.5%€3.8mabove the sector's middle half▲ 1.6%€4.6mabove the sector's middle half▲ 21.8%
Total assets€27.3mabove the sector's middle half▲ 27.8%€26.2mabove the sector's middle half▼ 3.8%€20.1mabove the sector's middle half▼ 23.2%€21.5mabove the sector's middle half▲ 6.9%€26.1mabove the sector's middle half▲ 21.2%
Debt€24.0m▲ 33.6%€22.0m▼ 8.4%€15.7m▼ 28.5%€16.9m▲ 7.5%€20.4m▲ 20.3%
Working capital€3.6m▲ 69.9%€4.6m▲ 28.4%€4.6m▼ 1.0%€4.7m▲ 3.0%€5.2m▲ 10.2%
Solvency11.0%below the sector's middle half▼ 4.2pp13.5%below the sector's middle half▲ 2.6pp18.4%within the sector's middle half▲ 4.9pp17.5%within the sector's middle half▼ 0.9pp17.6%within the sector's middle half▲ 0.1pp
Staff (FTE)82.2above the sector's middle half▲ 2.4%86.9above the sector's middle half▲ 5.7%84.9above the sector's middle half▼ 2.3%79.2above the sector's middle half▼ 6.7%82.3above the sector's middle half▲ 3.9%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 126% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26.1m
Fixed assets
€2.4m ▲ 59.5%
Current assets
€23.7m ▲ 18.3%
Equity and liabilities €26.1m
Equity
€4.6m ▲ 21.8%
Provisions
€1.1m ▲ 37.5%
Debt
€20.4m ▲ 20.3%
Debt's share of the balance-sheet total falls from 78.7% to 78.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.1m▲
2024 · €1.5m
Cash flow
€2.2m▲
2024 · €964,105
Current ratio
1.28▼
2024 · 1.31
Quick ratio
1.19▼
2024 · 1.20
Debt to equity
4.44▼
2024 · 4.50
ROE
39.7%▲
2024 · 17.5%
ROA
7.0%▲
2024 · 3.1%
Interest coverage
15.12▲
2024 · 5.67
Debt ≤ 1 year
€18.5m▲
2024 · €15.3m
Debt > 1 year
€1.3m▲
2024 · €1.2m
Income taxes
€712,408▲
2024 · €369,773
Staff costs
€5.4m▲
2024 · €4.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 373 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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 373 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €30.2m | €47.1m | €36.2m | €37.6m | €45.7m | ▲ 21.4% |
| Turnover70 | €29.1m | €46.4m | €36.2m | €37.1m | €45.0m | ▲ 21.5% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | -€160,140 | -€402,910 | -€477,700 | €139,607 | €174,643 | ▲ 25.1% |
| Other operating income74 | €1.2m | €1.1m | €450,978 | €396,541 | €471,844 | ▲ 19.0% |
| Operating charges60/66A | €29.1m | €45.3m | €35.5m | €36.4m | €42.9m | ▲ 18.0% |
| Goods for resale, raw materials and consumables60 | €21.3m | €35.2m | €26.0m | €27.1m | €32.5m | ▲ 19.7% |
| Purchases600/8 | €23.8m | €31.5m | €20.9m | €26.8m | €32.5m | ▲ 21.0% |
| Change in stocks: decrease (increase)609 | -€2.5m | €3.7m | €5.0m | €267,589 | -€41,554 | ▼ 116% |
| Services and other goods61 | €3.0m | €4.4m | €3.7m | €3.4m | €3.9m | ▲ 15.9% |
| Remuneration, social security and pensions62 | €4.5m | €5.1m | €5.2m | €4.9m | €5.4m | ▲ 8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €284,066 | €247,367 | €257,361 | €304,533 | €335,586 | ▲ 10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€56,925 | €595 | €52,831 | €331,457 | €289,571 | ▼ 12.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€49,250 | €281,850 | €45,507 | €218,643 | €350,000 | ▲ 60.1% |
| Other operating charges640/8 | €88,491 | €59,908 | €253,444 | €73,479 | €167,131 | ▲ 127% |
| Operating profit (loss)9901 | €1.1m | €1.8m | €627,889 | €1.2m | €2.7m | ▲ 126% |
| Financial income75/76B | €70,404 | €94,213 | €95,863 | €75,331 | €56,609 | ▼ 24.9% |
| Recurring financial income75 | €70,404 | €94,213 | €95,863 | €75,331 | €56,609 | ▼ 24.9% |
| Income from financial fixed assets750 | €552 | €552 | €552 | €2,208 | €9,787 | ▲ 343% |
| Income from current assets751 | €30,859 | €51,460 | €76,515 | €51,531 | €34,651 | ▼ 32.8% |
| Other financial income752/9 | €38,993 | €42,201 | €18,795 | €21,592 | €12,171 | ▼ 43.6% |
| Financial charges65/66B | €252,549 | €272,297 | €308,253 | €337,386 | €311,629 | ▼ 7.6% |
| Recurring financial charges65 | €252,549 | €272,297 | €308,253 | €337,386 | €308,884 | ▼ 8.4% |
| Debt charges650 | €191,731 | €216,775 | €278,241 | €268,162 | €203,820 | ▼ 24.0% |
| Other financial charges652/9 | €60,818 | €55,522 | €30,012 | €69,224 | €105,064 | ▲ 51.8% |
| Non-recurring financial charges66B | - | - | - | - | €2,745 | - |
| Profit (loss) for the period before taxes9903 | €883,300 | €1.6m | €415,498 | €953,472 | €2.5m | ▲ 161% |
| Transfer from deferred taxes780 | €2,854 | €16,373 | €19,590 | €75,873 | €41,770 | ▼ 44.9% |
| Transfer to deferred taxes680 | €191,276 | €160,253 | - | - | - | - |
| Income taxes67/77 | €70,166 | €311,039 | €173,890 | €369,773 | €712,408 | ▲ 92.7% |
| Taxes670/3 | €70,166 | €313,908 | €173,890 | €375,527 | €712,408 | ▲ 89.7% |
| Tax adjustments and reversals of tax provisions77 | - | €2,869 | - | €5,754 | - | - |
| Profit (loss) for the period9904 | €624,712 | €1.1m | €261,199 | €659,572 | €1.8m | ▲ 176% |
| Transfer from tax-exempt reserves789 | €8,561 | €49,118 | €58,771 | €227,620 | €125,310 | ▼ 44.9% |
| Transfer to tax-exempt reserves689 | €573,828 | €480,760 | - | - | €421,000 | - |
| Profit (loss) for the period to be appropriated9905 | €59,445 | €715,058 | €319,970 | €887,192 | €1.5m | ▲ 71.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27.3m | €26.2m | €20.1m | €21.5m | €26.1m | ▲ 21.2% |
| Fixed assets21/28 | €1.8m | €1.6m | €1.6m | €1.5m | €2.4m | ▲ 59.5% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | €1.3m | €1.2m | €1.8m | ▲ 51.0% |
| Land and buildings22 | €901,258 | €207,271 | €207,271 | €207,271 | - | - |
| Plant, machinery and equipment23 | €118,910 | €449,187 | €568,439 | €485,037 | €616,961 | ▲ 27.2% |
| Furniture and vehicles24 | €479,136 | €691,342 | €562,979 | €521,275 | €581,446 | ▲ 11.5% |
| Leasing and similar rights25 | - | - | - | - | €639,447 | - |
| Other tangible fixed assets26 | €14,671 | €11,171 | €7,671 | €4,171 | €671 | ▼ 83.9% |
| Financial fixed assets28 | €236,224 | €250,012 | €254,761 | €297,783 | €579,131 | ▲ 94.5% |
| Affiliated companies280/1 | - | - | - | €22,500 | €250,001 | ▲ 1,011% |
| Participating interests280 | - | - | - | €22,500 | €250,001 | ▲ 1,011% |
| Other financial fixed assets284/8 | €236,224 | €250,012 | €254,761 | €275,283 | €329,130 | ▲ 19.6% |
| Shares284 | €10,174 | €10,174 | €10,174 | €10,174 | €10,174 | = |
| Amounts receivable and cash guarantees285/8 | €226,050 | €239,838 | €244,587 | €265,109 | €318,956 | ▲ 20.3% |
| Current assets29/58 | €25.5m | €24.6m | €18.5m | €20.0m | €23.7m | ▲ 18.3% |
| Amounts receivable after more than one year29 | €2.8m | €2.8m | €2.7m | €2.7m | €2.7m | = |
| Other amounts receivable291 | €2.8m | €2.8m | €2.7m | €2.7m | €2.7m | = |
| Stocks and contracts in progress3 | €11.7m | €7.6m | €2.1m | €1.6m | €1.7m | ▲ 6.2% |
| Stocks30/36 | €11.7m | €7.6m | €2.1m | €1.6m | €1.7m | ▲ 6.2% |
| Work in progress32 | €1.0m | €621,950 | €144,250 | €283,857 | €458,500 | ▲ 61.5% |
| Goods purchased for resale34 | €45,406 | €81,948 | €166,200 | €226,319 | €231,800 | ▲ 2.4% |
| Property held for sale35 | €10.6m | €6.9m | €1.8m | €1.1m | €1.1m | ▼ 6.9% |
| Amounts receivable within one year40/41 | €8.5m | €12.4m | €12.6m | €14.0m | €18.4m | ▲ 31.7% |
| Trade receivables40 | €7.3m | €10.3m | €9.7m | €11.3m | €16.3m | ▲ 44.3% |
| Other amounts receivable41 | €1.2m | €2.1m | €2.9m | €2.7m | €2.2m | ▼ 20.4% |
| Cash at bank and in hand54/58 | €1.6m | €1.8m | €1.1m | €1.7m | €773,936 | ▼ 53.6% |
| Deferred charges and accrued income490/1 | €859,483 | €43,521 | €41,031 | €6,512 | €25,516 | ▲ 292% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27.3m | €26.2m | €20.1m | €21.5m | €26.1m | ▲ 21.2% |
| Equity10/15 | €3.0m | €3.5m | €3.7m | €3.8m | €4.6m | ▲ 21.8% |
| Contributions10/11 | €190,000 | €190,000 | €190,000 | €190,000 | €190,000 | = |
| Capital10 | €190,000 | €190,000 | €190,000 | €190,000 | €190,000 | = |
| Issued capital100 | €190,000 | €190,000 | €190,000 | €190,000 | €190,000 | = |
| Revaluation surpluses12 | €405,000 | - | - | - | - | - |
| Reserves13 | €2.4m | €3.4m | €3.5m | €3.6m | €4.4m | ▲ 22.9% |
| Non-distributable reserves130/1 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Legal reserve130 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Tax-exempt reserves132 | €565,267 | €996,909 | €938,138 | €710,518 | €1.0m | ▲ 41.6% |
| Distributable reserves133 | €1.8m | €2.3m | €2.6m | €2.8m | €3.4m | ▲ 18.4% |
| Provisions and deferred taxes16 | €227,422 | €653,153 | €679,070 | €821,839 | €1.1m | ▲ 37.5% |
| Provisions for liabilities and charges160/5 | €39,000 | €320,850 | €366,357 | €585,000 | €935,000 | ▲ 59.8% |
| Major repairs and maintenance162 | €39,000 | €320,850 | - | - | - | - |
| Environmental obligations163 | - | - | €366,357 | €585,000 | €935,000 | ▲ 59.8% |
| Deferred taxes168 | €188,422 | €332,303 | €312,713 | €236,839 | €195,069 | ▼ 17.6% |
| Amounts payable17/49 | €24.0m | €22.0m | €15.7m | €16.9m | €20.4m | ▲ 20.3% |
| Amounts payable after more than one year17 | €2.1m | €2.0m | €1.8m | €1.2m | €1.3m | ▲ 4.6% |
| Financial debts170/4 | €2.1m | €2.0m | €1.8m | €1.2m | €1.3m | ▲ 4.6% |
| Leasing and similar obligations172 | - | - | - | - | €451,401 | - |
| Credit institutions173 | €1.7m | €1.6m | €1.4m | €853,171 | €558,119 | ▼ 34.6% |
| Other loans174 | €385,000 | €385,000 | €385,000 | €385,000 | €285,000 | ▼ 26.0% |
| Amounts payable within one year42/48 | €21.9m | €20.0m | €14.0m | €15.3m | €18.5m | ▲ 20.8% |
| Current portion of amounts payable after more than one year42 | €547,806 | €572,359 | €610,103 | €598,267 | €647,374 | ▲ 8.2% |
| Financial debts43 | €10.4m | €7.9m | €4.2m | €3.1m | €4.3m | ▲ 41.3% |
| Credit institutions430/8 | €10.4m | €7.9m | €4.2m | €3.1m | €4.3m | ▲ 41.3% |
| Trade debts44 | €8.6m | €6.8m | €6.3m | €7.9m | €9.0m | ▲ 13.7% |
| Suppliers440/4 | €8.6m | €6.8m | €6.3m | €7.9m | €9.0m | ▲ 13.7% |
| Advances received on contracts in progress46 | €1.7m | €3.8m | €1.1m | €1.8m | €1.4m | ▼ 20.6% |
| Taxes, remuneration and social security45 | €621,773 | €791,752 | €971,284 | €828,350 | €1.3m | ▲ 54.7% |
| Taxes450/3 | €99,965 | €289,955 | €351,392 | €395,454 | €605,142 | ▲ 53.0% |
| Remuneration and social security454/9 | €521,809 | €501,797 | €619,892 | €432,896 | €676,558 | ▲ 56.3% |
| Other amounts payable47/48 | €130,346 | €186,558 | €841,676 | €1.0m | €1.7m | ▲ 67.8% |
| Accrued charges and deferred income492/3 | €59,894 | €3,379 | €2,260 | €390,162 | €588,291 | ▲ 50.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €624,712 | €1.1m | €261,199 | €659,572 | €1.8m | ▲ 176% |
| + Depreciation and write-downs630 | €284,066 | €247,367 | €257,361 | €304,533 | €335,586 | ▲ 10.2% |
| Operating cash flow (approximation) | €908,779 | €1.4m | €518,560 | €964,105 | €2.2m | ▲ 124% |
| Investment in fixed assets (approximation) | - | -€106,152 | -€249,499 | -€218,950 | -€1.2m | ▼ 465% |
| Change in cash | - | €145,591 | -€667,004 | €545,595 | -€895,065 | ▼ 264% |
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
2026
09-09
State Gazette act
General meeting · MergerReal estate · Power of attorney6 facts ▸
State Gazette act
General meeting · Merger
Real estate · Power of attorney6 facts ▸
- General meeting, 31-07-2026
- Merger, fusion simplifiée, la société G-BOIS a cessé d'exister
- Real estate, dispensé de reprise aux présentes
- Other statement, constatations, article 12:57 du Code des sociétés et des associations
- Other statement, modification des statuts, pas lieu à modification
- Power of attorney
09-09
State Gazette act
Capital & shares · Purpose · RestructuringMerger · Power of attorney4 facts ▸
State Gazette act
Capital & shares · Purpose · Restructuring
Merger · Power of attorney4 facts ▸
- General meeting, 31-07-2026
- Merger, fusion_simplifiée, article 12:50 du Code des sociétés et des associations
- Other statement, modification des statuts, toutes les activités de la société absorbée sont reprises dans l'objet de la société absorbante et les statuts sont conformes au Code…
- Power of attorney
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
26-06
State Gazette act
RestructuringMerger · Accounting effect · Capital9 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Capital9 facts ▸
- Merger, absorption
- Accounting effect, 01-01-2026
- Capital, €608
- Capital, €2.000
- Share transfer, Gehlen Management → SERBI
- Share acquisition approval, 30-01-2026
- Balance sheet date, 31-12-2025
- Shareholding, 64/608, 484/608
- Shareholding, 2000/2000
26-06
State Gazette act
RestructuringMerger · Accounting effect · Capital8 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Capital8 facts ▸
- Merger, absorption
- Accounting effect, 01-01-2026
- Capital
- Capital
- Shareholding, 608, 484
- Shareholding, 608, 60
- Shareholding, 608, 64
- Shareholding, 200, 200
20-03
State Gazette act
Resignation: Alain NORMAND (director)Appointment: Maxime Corteil (director) · Director discharge · Power of attorney5 facts ▸
State Gazette act
Resignation: Alain NORMAND (director)
Appointment: Maxime Corteil (director) · Director discharge · Power of attorney5 facts ▸
- General meeting, 27/02/2026
- Director resignation, Alain NORMAND (director)
- Director discharge, Alain NORMAND
- Director appointment, Maxime Corteil (director)
- Power of attorney, Maxime Corteil
2025
31-12
Financial
Highest result since 2018net €1.8m ▲176%
Operating result €2.7m, net result €1.8m, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €56,726 ▼62.2%
Net result drops to €56,726, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
5 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 5 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Maxime Corteil
CurrentDirector · since 27-02-2026
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 →
Not every act has been read: a resignation may be missing here
7 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Thimister-Clermont · 1 establishment unit since 2021
Ground area
2.0 ha
Parcel 63017C0674/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
SERBI
since 20212.316.191.437
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63017C0674/00C000 | Wallonia | 2.0 ha | - | - |
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
2 people since 2025, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Maxime Corteil |
|
| Alain NORMAND |
|
Articles of association
Purpose
La tenue d'un bureau d'études et de conseils en aménagement intérieur; Le commerce de meubles, mobiliers de bureau et de matériel d'éclairage, lampes, lampadaires, lustres, et…
Full purpose (11 activities)
- La tenue d'un bureau d'études et de conseils en aménagement intérieur
- Le commerce de meubles, mobiliers de bureau et de matériel d'éclairage, lampes, lampadaires, lustres, et autres
- La conception, la fabrication, le placement de tous mobiliers offerts en vente
- La décoration intérieure au sens large
- L'entreprise générale de construction (uniquement la coordination générale, toutes activités pour laquelle la société n'aurait pas l'accès à la profession devant être sous-traitée)
- Le placement de ferronneries, de volets et la menuiserie métallique, en ce compris le placement de grilles, portes rétractiles et/ou roulantes et de stores extérieurs
- La pose de cloisons et de faux plafonds
- La pose de câbles et de canalisations diverses
- La création d'étalages
- Le placement de décors divers pour théâtres, cinémas, etc. et l'instaliation de magasin
- L'achat, la location et la vente d'immeubles
Other statement
Décharge des administrateurs, entre le 1er janvier 2026 et la date de réalisation du transfert
Structure & network
Part of the group
GEHLEN MANAGEMENT
17 companies
Group, risk and exposure
Owners and holdings
1 owner · 2 holdingsChain of control
- GEHLEN MANAGEMENT
- SERBI
Highest known parent: GEHLEN MANAGEMENT. The sources do not say who stands above it.
Owners 1
- GEHLEN MANAGEMENTparent79.61%
Holdings 2
-
100%
-
100%
According to the 2025 annual accounts of SERBI 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
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Acquisitions and mergers
2 transactionsCapital and shareholders
Shareholders according to the acts
Stated in the act
act of 26-06-2026 ↗
- Gehlen Management 484 shares
- Jean Pierre ALAVREZ 60 shares
- Gehlen Roger 64 shares
Stated in the act
act of 26-06-2026 ↗
- G-BOIS (BE 0420.051.966)
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 26-06-2026 Capital stated in the act · 608 shares
- 26-06-2026 Capital stated in the act · 608 EUR
Recognitions · licences · registrations
Recognised contractor
10 categoriesSERBI SA28631
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Identification & contact
Identification
Legal formPublic limited company
Founded18-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449015869
Also
9925:BE0449015869
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.