SERCAN
Open bankruptcyA bankruptcy procedure is open for SERCAN according to publications in the Belgian State Gazette; curator: ILSE VRANKEN.
Summary
The file additionally contains 1 administrative flag. The 2023 annual accounts show equity of €32,542 and a net result of €22,135.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Hasselt division
- Declared bankrupt
- 25 September 2025
- Official Gazette
- 02-10-2025 (pdf) ↗search the document for 2025/139452
Curator
- Ilse VrankenBampslaan 19, 3500 Hasseltilse@koraaladvocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 02-07-2024, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
29 d early
2022
34 d early
2021
11 d early
2020
2 d late
2019
103 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Limited-service restaurants, excluding mobile food services sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
€189,343
EBIT margin
9.9%
Net result
€22,135▼ 56.4%
2022 · €50,802
Working capital
€20,103▲ 560%
2022 · €3,047
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€189,343
Operating result-€25,497▼ 236%€25,966€18,671▼ 28.1%€51,370▲ 175%€22,511▼ 56.2%
Net result-€28,107▼ 169%€24,900€17,779▼ 28.6%€50,802▲ 186%€22,135▼ 56.4%
EBIT margin9.9%
Equity-€83,075▼ 51.1%-€58,175▲ 30.0%-€40,395▲ 30.6%€10,407€32,542▲ 213%
Total assets€911▼ 97.7%€9,741▲ 969%€24,678▲ 153%€66,509▲ 170%€47,326▼ 28.8%
Debt€83,987▼ 10.8%€67,916▼ 19.1%€65,074▼ 4.2%€56,102▼ 13.8%€14,784▼ 73.6%
Working capital-€74,982▼ 42.8%-€52,394▲ 30.1%-€45,589▲ 13.0%€3,047€20,103▲ 560%
Staff (FTE)43.8▼ 5.0%3.5▼ 7.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 56% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €47,326
Fixed assets
€12,439 ▲ 64.5%
Current assets
€34,887 ▼ 40.8%
Equity and liabilities €47,326
Equity
€32,542 ▲ 213%
Debt
€14,784 ▼ 73.6%
Debt's share of the balance-sheet total falls from 84.4% to 31.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,240▼
2022 · €52,120
Cash flow
€22,864▼
2022 · €51,551
Current ratio
2.36▲
2022 · 1.05
Quick ratio
2.18▲
2022 · 1.00
Debt to equity
0.45▼
2022 · 5.39
ROE
68.0%▼
2022 · 488.2%
ROA
46.8%▼
2022 · 76.4%
Interest coverage
61.81▼
2022 · 91.73
Debt ≤ 1 year
€14,784▼
2022 · €55,899
Staff costs
€23,204▲
2022 · €16,700
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €189,343 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €158,198 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €11,913 | €16,700 | €23,204 | ▲ 38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €692 | €414 | €513 | €749 | €729 | ▼ 2.7% |
| Other operating charges640/8 | - | - | €156 | €555 | - | - |
| Gross operating margin9900 | -€24,360 | €26,380 | €31,253 | €69,374 | €46,445 | ▼ 33.1% |
| Operating profit (loss)9901 | -€25,497 | €25,966 | €18,671 | €51,370 | €22,511 | ▼ 56.2% |
| Recurring financial income75 | €9 | - | - | - | - | - |
| Financial charges65/66B | - | - | €892 | €568 | €376 | ▼ 33.8% |
| Recurring financial charges65 | €2,619 | €1,066 | €892 | €568 | €376 | ▼ 33.8% |
| Profit (loss) for the period before taxes9903 | -€28,107 | €24,900 | €17,779 | €50,802 | €22,135 | ▼ 56.4% |
| Profit (loss) for the period9904 | -€28,107 | €24,900 | €17,779 | €50,802 | €22,135 | ▼ 56.4% |
| Profit (loss) for the period to be appropriated9905 | -€28,107 | €24,900 | €17,779 | €50,802 | €22,135 | ▼ 56.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €911 | €9,741 | €24,678 | €66,509 | €47,326 | ▼ 28.8% |
| Fixed assets21/28 | €664 | €251 | €8,312 | €7,562 | €12,439 | ▲ 64.5% |
| Tangible fixed assets22/27 | €664 | €251 | €3,692 | €2,942 | €7,819 | ▲ 166% |
| Plant, machinery and equipment23 | - | - | €3,692 | €2,942 | €7,819 | ▲ 166% |
| Financial fixed assets28 | - | - | €4,620 | €4,620 | €4,620 | = |
| Current assets29/58 | €247 | €9,490 | €16,367 | €58,947 | €34,887 | ▼ 40.8% |
| Stocks and contracts in progress3 | - | - | €2,849 | €2,879 | €2,589 | ▼ 10.1% |
| Stocks30/36 | - | - | €2,849 | €2,879 | €2,589 | ▼ 10.1% |
| Amounts receivable within one year40/41 | €1 | €196 | €274 | €1,640 | €2,288 | ▲ 39.5% |
| Other amounts receivable41 | - | - | €274 | €1,640 | €2,288 | ▲ 39.5% |
| Cash at bank and in hand54/58 | €135 | €9,294 | €13,243 | €54,428 | €30,011 | ▼ 44.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €911 | €9,741 | €24,678 | €66,509 | €47,326 | ▼ 28.8% |
| Equity10/15 | -€83,075 | -€58,175 | -€40,395 | €10,407 | €32,542 | ▲ 213% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | - | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€103,535 | -€78,635 | -€60,855 | -€10,053 | €12,082 | ▲ 220% |
| Amounts payable17/49 | €83,987 | €67,916 | €65,074 | €56,102 | €14,784 | ▼ 73.6% |
| Amounts payable after more than one year17 | €8,758 | €6,032 | €3,117 | €203 | - | - |
| Financial debts170/4 | - | - | €3,117 | €203 | - | - |
| Amounts payable within one year42/48 | €75,229 | €61,884 | €61,956 | €55,899 | €14,784 | ▼ 73.6% |
| Current portion of amounts payable after more than one year42 | - | - | €2,915 | €3,405 | - | - |
| Trade debts44 | €1,524 | €1,296 | €6,230 | €9,846 | €12,613 | ▲ 28.1% |
| Suppliers440/4 | - | - | €6,230 | €9,846 | €12,613 | ▲ 28.1% |
| Taxes, remuneration and social security45 | - | - | €1,659 | €532 | €2,171 | ▲ 308% |
| Taxes450/3 | - | - | €1,659 | €157 | - | - |
| Remuneration and social security454/9 | - | - | - | €375 | €2,171 | ▲ 479% |
| Other amounts payable47/48 | - | - | €51,152 | €42,116 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,107 | €24,900 | €17,779 | €50,802 | €22,135 | ▼ 56.4% |
| + Depreciation and write-downs630 | €692 | €414 | €513 | €749 | €729 | ▼ 2.7% |
| Operating cash flow (approximation) | -€27,415 | €25,314 | €18,293 | €51,551 | €22,864 | ▼ 55.6% |
| Investment in fixed assets (approximation) | - | -€1 | -€8,574 | €0 | -€5,606 | - |
| Change in cash | - | €9,159 | €3,949 | €41,185 | -€24,416 | ▼ 159% |
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
2025
18-11
KBO administration
Address struck
Demerstraat 83 3500 Die Sitzadresse Demerstraat 83 3500 Hasselt
Hasselt · event 17-09-2025
02-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 25-09-2025
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.36
Current ratio from 1.05 to 2.36; short-term debt falls from €55,899 to €14,784.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €50,802 ▲186%
Operating result €51,370, net result €50,802, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 1.05
Current ratio from 0.26 to 1.05; short-term debt falls from €61,956 to €55,899.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
31-12
Financial
Back to profitnet €24,900
Net result €24,900 after 2 loss-making years.
11-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 103 days late
2019
31-12
Financial
Weakest financial yearnet -€28,107
Net result drops to -€28,107, the lowest in the series.
Show earlier events
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 185 days late
2016
22-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 114 days late
2015
28-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 59 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2010
Ground area
144 m²
Building footprint
133 m²
Volume, LiDAR
1,820 m³
Parcel 71022H0063/00W000, Flanders · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Sercan
since 20102.196.430.782
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H0063/00W000 | Flanders | 144 m² | 1 · 133 m² | 17.9 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ILSE VRANKEN BAMPSLAAN 19, 3500 HASSELT- |
25-09-2025 → present |
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 8,418 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 (pre-2019)
Founded04-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.