SERCK
ActiveSummary
SERCK has been active since 1936 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €540,934 and a net result of €1.6m. Equity is shrinking by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 2098 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency38▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.41 in 2023; short-term debt: 65.8% and cash: 47.4% of total assets), and 87.3% 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 dateAge against the risk zone
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
12.7%
Return on assets
38.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2098 sector peers (2024).
NBB · sector comparisonPosition among 2098 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
on the day
2022
on the day
2021
18 d early
2020
31 d late
2019
27 d late
← 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 10 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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, abbreviated schema
Equity
€540,934=
2023 · €540,934
Total assets
€4.3m▼ 22.4%
2023 · €5.5m
Net result
€1.6m▼ 4.4%
2023 · €1.7m
Working capital
€558,518▼ 62.7%
2023 · €1.5m
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
Line20202021202220232024
Operating result€60,539▲ 11.2%€6,700▼ 88.9%€418,044▲ 6,139%€2.3m▲ 457%€2.2m▼ 3.7%
Net result€44,258within the sector's middle half▼ 22.6%€29,785within the sector's middle half▼ 32.7%€295,435above the sector's middle half▲ 892%€1.7mabove the sector's middle half▲ 480%€1.6mabove the sector's middle half▼ 4.4%
Equity€1.2mabove the sector's middle half▲ 4.0%€1.2mabove the sector's middle half▲ 2.6%€876,239above the sector's middle half▼ 25.8%€540,934within the sector's middle half▼ 38.3%€540,934within the sector's middle half=
Total assets€5.3mabove the sector's middle half▲ 6.8%€7.1mabove the sector's middle half▲ 35.0%€5.2mabove the sector's middle half▼ 26.6%€5.5mabove the sector's middle half▲ 5.1%€4.3mabove the sector's middle half▼ 22.4%
Debt€2.9m▲ 11.5%€4.7m▲ 63.5%€3.1m▼ 34.0%€3.7m▲ 19.6%€2.8m▼ 23.9%
Working capital€1.2mabove the sector's middle half▲ 5.8%€1.3mabove the sector's middle half▲ 6.0%€970,657above the sector's middle half▼ 23.4%€1.5mabove the sector's middle half▲ 54.2%€558,518within the sector's middle half▼ 62.7%
Solvency21.8%within the sector's middle half▼ 0.6pp16.6%below the sector's middle half▼ 5.2pp16.7%below the sector's middle half▲ 0.2pp9.8%below the sector's middle half▼ 6.9pp12.7%below the sector's middle half▲ 2.8pp
Current ratio1.42within the sector's middle half▼ 0.021.27within the sector's middle half▼ 0.151.31within the sector's middle half▲ 0.041.41within the sector's middle half▲ 0.091.20within the sector's middle half▼ 0.21
Return on assets (ROA)0.8%within the sector's middle half▼ 0.3pp0.4%within the sector's middle half▼ 0.4pp5.6%within the sector's middle half▲ 5.2pp31.1%above the sector's middle half▲ 25.5pp38.4%above the sector's middle half▲ 7.2pp
Staff (FTE)16.6above the sector's middle half▲ 50.9%17.1above the sector's middle half▲ 3.0%15.4above the sector's middle half▼ 9.9%14.6above the sector's middle half▼ 5.2%10.2above the sector's middle half▼ 30.1%
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.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 4% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.3m
Fixed assets
€902,416 ▲ 187%
Current assets
€3.4m ▼ 35.1%
Equity and liabilities €4.3m
Equity
€540,934 =
Provisions
€920,000 ▼ 27.6%
Debt
€2.8m ▼ 23.9%
Debt's share of the balance-sheet total falls from 67.1% to 65.8%. Debt is lower.
Key figures and ratios
EBITDA
€2.3m▼
2023 · €2.4m
Cash flow
€1.7m▼
2023 · €1.8m
Quick ratio
1.07▼
2023 · 1.19
Debt to equity
5.19▼
2023 · 6.83
ROE
302.8%▼
2023 · 316.6%
Interest coverage
636.58▲
2023 · 142.44
Debt ≤ 1 year
€2.8m▼
2023 · €3.7m
Income taxes
€613,622▼
2023 · €620,416
Staff costs
€751,238▼
2023 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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%.
| 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 2,613 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €527 | €13,506 | €30,239 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €761,660 | €958,703 | €1.1m | €751,238 | ▼ 28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68,618 | €67,144 | €75,634 | €52,446 | €103,161 | ▲ 96.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€12,599 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€350,000 | - |
| Other operating charges640/8 | - | €31,802 | €15,929 | €99,056 | €93,821 | ▼ 5.3% |
| Non-recurring operating charges66A | - | €18,579 | €19,560 | €849,241 | €5,242 | ▼ 99.4% |
| Gross operating margin9900 | €1.1m | €885,885 | €1.5m | €4.4m | €2.8m | ▼ 35.4% |
| Operating profit (loss)9901 | €60,539 | €6,700 | €418,044 | €2.3m | €2.2m | ▼ 3.7% |
| Financial income75/76B | - | €47,509 | €5,476 | €23,351 | €14,716 | ▼ 37.0% |
| Recurring financial income75 | €10,884 | €47,509 | €5,476 | €23,351 | €14,716 | ▼ 37.0% |
| Financial charges65/66B | - | €6,262 | €11,362 | €16,702 | €3,681 | ▼ 78.0% |
| Recurring financial charges65 | €2,114 | €6,262 | €11,362 | €16,702 | €3,681 | ▼ 78.0% |
| Profit (loss) for the period before taxes9903 | €69,310 | €47,947 | €412,158 | €2.3m | €2.3m | ▼ 3.5% |
| Income taxes67/77 | €25,052 | €18,162 | €116,723 | €620,416 | €613,622 | ▼ 1.1% |
| Profit (loss) for the period9904 | €44,258 | €29,785 | €295,435 | €1.7m | €1.6m | ▼ 4.4% |
| Profit (loss) for the period to be appropriated9905 | €44,258 | €29,785 | €295,435 | €1.7m | €1.6m | ▼ 4.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.3m | €7.1m | €5.2m | €5.5m | €4.3m | ▼ 22.4% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.2m | €314,446 | €902,416 | ▲ 187% |
| Tangible fixed assets22/27 | €1.0m | €954,330 | €937,558 | €74,103 | €662,073 | ▲ 793% |
| Land and buildings22 | - | €876,981 | €844,200 | €0 | €617,697 | - |
| Furniture and vehicles24 | - | €77,350 | €93,357 | €74,103 | €44,376 | ▼ 40.1% |
| Financial fixed assets28 | €240,343 | €240,343 | €240,343 | €240,343 | €240,343 | = |
| Current assets29/58 | €4.0m | €5.9m | €4.1m | €5.2m | €3.4m | ▼ 35.1% |
| Stocks and contracts in progress3 | €19,899 | €4.2m | €884,026 | €812,335 | €367,513 | ▼ 54.8% |
| Stocks30/36 | - | €17,983 | €15,449 | €11,351 | €3,581 | ▼ 68.5% |
| Contracts in progress37 | - | €4.2m | €868,577 | €800,983 | €363,932 | ▼ 54.6% |
| Amounts receivable within one year40/41 | €1.2m | €1.0m | €2.0m | €2.6m | €877,976 | ▼ 66.1% |
| Trade receivables40 | - | €894,393 | €1.9m | €2.5m | €732,594 | ▼ 71.0% |
| Other amounts receivable41 | - | €139,895 | €139,224 | €58,740 | €145,381 | ▲ 147% |
| Current investments50/53 | €890 | €891 | €95,892 | €95,978 | €96,386 | ▲ 0.4% |
| Cash at bank and in hand54/58 | €616,818 | €712,000 | €1.1m | €1.7m | €2.0m | ▲ 19.7% |
| Deferred charges and accrued income490/1 | - | €2,037 | €2,364 | €4,256 | €1,539 | ▼ 63.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.3m | €7.1m | €5.2m | €5.5m | €4.3m | ▼ 22.4% |
| Equity10/15 | €1.2m | €1.2m | €876,239 | €540,934 | €540,934 | = |
| Contributions10/11 | €446,208 | €446,208 | €446,208 | €446,208 | €446,208 | = |
| Capital10 | - | €446,208 | €446,208 | €446,208 | €446,208 | = |
| Issued capital100 | - | €446,208 | €446,208 | €446,208 | €446,208 | = |
| Reserves13 | €94,387 | €94,387 | €94,387 | €94,387 | €94,387 | = |
| Non-distributable reserves130/1 | - | €44,621 | €44,621 | €44,621 | €44,621 | = |
| Legal reserve130 | - | €44,621 | €44,621 | €44,621 | €44,621 | = |
| Tax-exempt reserves132 | - | €37,500 | €37,500 | €37,500 | €37,500 | = |
| Distributable reserves133 | - | €12,266 | €12,266 | €12,266 | €12,266 | = |
| Profit (loss) carried forward14 | €610,424 | €640,209 | €335,643 | €338 | €338 | = |
| Provisions and deferred taxes16 | €1.3m | €1.3m | €1.3m | €1.3m | €920,000 | ▼ 27.6% |
| Provisions for liabilities and charges160/5 | - | €1.3m | €1.3m | €1.3m | €920,000 | ▼ 27.6% |
| Other liabilities and charges164/5 | - | €1.3m | €1.3m | €1.3m | €920,000 | ▼ 27.6% |
| Amounts payable17/49 | €2.9m | €4.7m | €3.1m | €3.7m | €2.8m | ▼ 23.9% |
| Amounts payable after more than one year17 | €20,644 | €11,530 | €2,318 | €0 | - | - |
| Financial debts170/4 | - | €11,530 | €2,318 | €0 | - | - |
| Amounts payable within one year42/48 | €2.8m | €4.7m | €3.1m | €3.7m | €2.8m | ▼ 23.9% |
| Current portion of amounts payable after more than one year42 | - | €9,114 | €9,212 | €2,318 | €0 | ▼ 100% |
| Financial debts43 | - | - | €400,000 | €0 | - | - |
| Credit institutions430/8 | - | - | €400,000 | €0 | - | - |
| Trade debts44 | €884,365 | €1.1m | €1.6m | €776,208 | €440,344 | ▼ 43.3% |
| Suppliers440/4 | - | €1.1m | €1.6m | €776,208 | €440,344 | ▼ 43.3% |
| Advances received on contracts in progress46 | - | €3.5m | €293,142 | €693,841 | €397,640 | ▼ 42.7% |
| Taxes, remuneration and social security45 | - | €32,849 | €192,497 | €501,811 | €325,245 | ▼ 35.2% |
| Taxes450/3 | - | €2,141 | €114,453 | €451,775 | €300,462 | ▼ 33.5% |
| Remuneration and social security454/9 | - | €30,708 | €78,044 | €50,037 | €24,783 | ▼ 50.5% |
| Other amounts payable47/48 | - | €1,006 | €600,808 | €1.7m | €1.6m | ▼ 4.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,258 | €29,785 | €295,435 | €1.7m | €1.6m | ▼ 4.4% |
| + Depreciation and write-downs630 | €68,618 | €67,144 | €75,634 | €52,446 | €103,161 | ▲ 96.7% |
| Operating cash flow (approximation) | €112,875 | €96,929 | €371,068 | €1.8m | €1.7m | ▼ 1.4% |
| Investment in fixed assets (approximation) | - | -€16,461 | -€58,861 | €811,008 | -€691,131 | ▼ 185% |
| Change in cash | - | €95,181 | €360,480 | €618,630 | €333,366 | ▼ 46.1% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.7m ▲480%
Operating result €2.3m, net result €1.7m, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
31-12
Financial
Back to profitnet €57,170
Net result €57,170 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
02-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
17 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, Merelbeke-Melle · 1 establishment unit since 1936
Ground area
1,074 m²
Building footprint
348 m²
Volume, LiDAR
553 m³
Parcel 44040B0273/52C000, Flanders · tallest building 6.1 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Driesstraat 79, 9090 Merelbeke-Melle
since 19362.036.136.896
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040B0273/52C000 | Flanders | 1,074 m² | 1 · 348 m² | 6.1 m |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- SERINVEST
- SERCK
Highest known parent: SERINVEST. The sources do not say who stands above it.
Owners 1
- SERINVESTparentSourceaccounts SERINVEST 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,611 EUR awarded · 2,687 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,301 EUR | 1,229 EUR |
| 2023 | 1 | 1,030 EUR | 1,178 EUR |
| 2022 | 1 | 280 EUR | 280 EUR |
Recognitions · licences · registrations
Recognised contractor
18 categoriesSERCK NV10050
Similar companies · same sector, comparable size
C.C.P.L.- Entreprise Générale de Construction
BE 0672.743.597
Sint-Pieters-Leeuw · Eq €540,763
EUSSEN LUC
BE 0452.271.408
Soumagne · Eq €541,426
JACOBS
BE 0423.683.924
Tielt-Winge · Eq €540,133
TOGOFILL
BE 0428.837.097
Wortegem-Petegem · Eq €542,094
HPS CONSTRUCT
BE 0726.930.470
Ans · Eq €539,709
Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 8,946 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
Founded04-12-1936
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405705864
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationExtraordinary general meeting
Agenda
Verslag raad van bestuur. Verslag commissaris- revisor. Goedkeuring jaarrekening per 31/12/2012. Bestemming resul- taat. Kwijting bestuurders en commissaris-revisor. Benoemingen en/of ontslagnemingen. Diversen. Zich richten naar de statuten. Aandelen waarmee de aandeelhouders aan de Algemene Vergadering wensen deel te nemen, zijn minstens 5 dagen vooraf neer te leggen en te blok- keren bij de KBC Bank te Deinze, Markt 24. (AOPC-1-13-00282/ 27.03) (11039) GROUPE S - CAISSE D’ALLOCATIONS FAMILIALES, association sans but lucratif, avenue Fonsny 40, 1060 BRUXELLES Numéro d’entreprise : 0408.163.033 Réunion de l’Assemblée Générale extraordinaire du mardi 16 avril 2013 à 14 h 30, avenue Fonsny, à ...