Checked.be
Active
BE 0405.705.864Public limited company
SERCK
Driesstraat 79 ·9090 Merelbeke-Melle, Belgium· 89 yrs active
Sector: Algemene bouw van residentiële gebouwen
(41001)
Conclusion
The computed 12-month bankruptcy probability of SERCK is 0.3% (very low). The 2024 annual accounts show equity of €541k and a net result of €1.64M. Equity is shrinking by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 34% of 334 sector peers (fiscal year 2024). The company has been active since 1936 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Key figures
| Equity | €541k |
| Net result | €1.64M |
| Staff (FTE) | 10.2 |
| Better than sector | 34% |
Financial profile
69
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
65
Profitability
100
Solvency
24
Growth
58
Stability
100
Bankruptcy probability (12 mo)
0.3%
Very low
0%0,5%1,5%4%10%≥25%
Long track record
−Higher-failure-rate sector
+Lower-risk legal form
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1936, 89 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer
65
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 18-08-2025 with the NBB · fiscal year 2024 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~12.4%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 12.7% | 24.1% | |
| Net result | €1.64M | €16k | |
| Equity | €541k | €73k | |
| Gross operating margin | €2.83M | €79k | |
| Staff costs | €751k | €140k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€2.34M
-1.5%
18-24
€1.64M
-4.4%
18-24
€1.74M
-1.4%
18-24
€4.27M
-22.4%
18-24
€541k
0.0%
18-24
€559k
-62.7%
18-24
10
-30.1%
18-24
€751k
-28.9%
18-24
Show 12 other metrics
€614k
-1.1%
18-24
€1.64M
-20.0%
18-24
€2.81M
-23.9%
18-24
€2.81M
-23.9%
18-24
€0
-100.0%
18-24
1.20
-14.7%
18-24
1.07
-9.9%
18-24
12.7%
+28.9%
18-24
5.19
-23.9%
18-24
302.8%
-4.4%
18-24
38.4%
+23.3%
18-24
636.58
+346.9%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €2.34M |
| Net profit | €1.64M |
| Cash flow | €1.74M |
| Staff costs | €751k |
| Income taxes | €614k |
| Dividends | €1.64M |
| Total assets | €4.27M |
| Equity | €541k |
| Debt | €2.81M |
| of which ≤ 1y | €2.81M |
| of which > 1y | - |
| Working capital | €559k |
| Employees (FTE) | 10.2 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.20 |
| Quick ratio | 1.07 |
| Working capital ratio | 13.1% |
| Solvency | 12.7% |
| Debt / equity | 5.19 |
| Long-term debt ratio | - |
| Interest coverage | 636.58 |
| Gross margin | - |
| Net margin | - |
| ROA | 38.4% |
| ROE | 302.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €4.27M |
| Fixed assets | 21/28 | €902k |
| Tangible fixed assets | 22/27 | €662k |
| Financial fixed assets | 28 | €240k |
| Current assets | 29/58 | €3.37M |
| Stocks & contracts in progress | 3 | €368k |
| Amounts receivable within one year | 40/41 | €878k |
| Investments | 50/53 | €96k |
| Cash & bank | 54/58 | €2.02M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4.27M |
| Equity | 10/15 | €541k |
| Contributions / capital | 10/11 | €446k |
| Reserves | 13 | €94k |
| Accumulated profits (losses) | 14 | €338 |
| Provisions & deferred taxes | 16 | €920k |
| Amounts payable | 17/49 | €2.81M |
| Amounts payable within one year | 42/48 | €2.81M |
| Trade debts payable within one year | 44 | €440k |
| Income statement | ||
| Gross operating margin | 9900 | €2.83M |
| Operating result | 9901 | €2.24M |
| Financial income | 75 | €15k |
| Financial charges | 65 | €4k |
| Result before taxes | 9903 | €2.25M |
| Income taxes | 67/77 | €614k |
| Net result for the period | 9904 | €1.64M |
| Result to be appropriated | 9905 | €1.64M |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
Current directors & mandates
-
Breyne GinoDirectorState Gazette act 24170613 (03-12-2024)Current03-12-2024 → present
7 events
- 03-12-2024 Appointed· Director
- 03-12-2024 Appointed· Gedelegeerd bestuurder
- 08-10-2020 Resigned· Gedelegeerd bestuurder
- 29-06-2018 Resigned· Gedelegeerd bestuurder
- 29-06-2018 Appointed· Gedelegeerd bestuurder
- 24-08-2016 Appointed· Director
- 24-08-2016 Appointed· Gedelegeerd bestuurder
-
Frederick FlamandNiet statutair bestuurderState Gazette act 23107755 (18-08-2023)Current18-08-2023 → present
2 events
- 23-12-2024 Resigned· Director
- 18-08-2023 Appointed· Niet statutair bestuurder
-
Breyne ElsDirectorState Gazette act 22117926 (04-10-2022)Current08-10-2020 → present
3 events
- 04-10-2022 Appointed· Director
- 04-10-2022 Appointed· Gedelegeerd bestuurder
- 08-10-2020 Appointed· Gedelegeerd bestuurder
-
Breyne KarenGedelegeerd bestuurderState Gazette act 22117926 (04-10-2022)Current24-08-2016 → present
4 events
- 04-10-2022 Appointed· Gedelegeerd bestuurder
- 04-10-2022 Appointed· Director
- 24-08-2016 Appointed· Director
- 24-08-2016 Appointed· Gedelegeerd bestuurder
Historic, not recently confirmed (2)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
BVBA Seal-ItLegal entityGedelegeerd bestuurderState Gazette act 18101496 (29-06-2018)Not recently confirmedlast confirmed in an act from 2018
-
Degraeuwe NielsDirectorState Gazette act 18101496 (29-06-2018)Not recently confirmedlast confirmed in an act from 2018
2 events
- 18-08-2023 Resigned· Director
- 29-06-2018 Appointed· Director
Permanent representatives (1)
These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.
-
Gino BreyneVaste vertegenwoordigerState Gazette act 17141732 (06-10-2017)Permanent representative06-10-2017 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Statutory auditor
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Ernst & Young Bedrijfsrevisoren BCVBA Statutory auditor |
- | - → 24-08-2016 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Legal Structure
| NACE primary | Algemene bouw van residentiële gebouwen(41001) |
| Legal form | Public limited company(014) |
| Incorporation | 04-12-1936 |
| Status | Active |
| Postal code | 9090 |
Establishment units
Driesstraat 79, 9090 Merelbeke-Melle
since 19362.036.136.896
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040B0273/52C000 | Flanders | 1,074 m² | 1 · 348 m² | 6.1 m |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2025
18-08-2025
NBB filing
Annual accounts filed
2024
23-12-2024
State Gazette act
Director changes
03-12-2024
State Gazette act
Director changes
31-07-2024
NBB filing
Annual accounts filed
2023
19-09-2023
State Gazette act
Statutes amendment
18-08-2023
State Gazette act
Director changes
31-07-2023
NBB filing
Annual accounts filed
2022
04-10-2022
State Gazette act
Director changes
13-07-2022
NBB filing
Annual accounts filed
2021
31-08-2021
NBB filing
Annual accounts filed
2020
08-10-2020
State Gazette act
Director changes
27-08-2020
NBB filing
Annual accounts filed
2019
31-07-2019
NBB filing
Annual accounts filed
2018
29-06-2018
State Gazette act
Director changes
01-06-2018
NBB filing
Annual accounts filed
2017
06-10-2017
State Gazette act
Director changes
19-05-2017
NBB filing
Annual accounts filed
2016
24-08-2016
State Gazette act
Director changes
02-06-2016
NBB filing
Annual accounts filed
2004
11-06-2004
State Gazette act
Minor change
Belgian State Gazette reading coverage
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.
Belgisch Staatsblad, acts
All acts · 10
updated 1 year ago
2024
23-12-2024 Flamand Frederick resigns as director
- Flamand Frederick, Bestuurder
Summary:
v3.2
Technical details
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}03-12-2024 2 directors appointed
- Breyne Gino, Bestuurder
- Breyne Gino, Gedelegeerd bestuurder
Summary:
v3.2
Technical details
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}2023
19-09-2023 Articles of association amended
Summary:
v3.2
Technical details
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},
"legal_form_change": {
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}
}18-08-2023 1 director appointed, 1 resigning
- Frederick Flamand, Niet statutair bestuurder
- Niels Degraeuwe, Bestuurder
Summary:
v3.2
Technical details
{
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"name": "Niels Degraeuwe",
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},
{
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],
"schema": "v3.2",
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}2022
04-10-2022 4 directors appointed
- Breyne Karen, Gedelegeerd bestuurder
- Breyne Els, Bestuurder
- Breyne Karen, Bestuurder
- Breyne Els, Gedelegeerd bestuurder
Summary:
v3.2
Technical details
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"role": "Gedelegeerd-Bestuurder",
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},
{
"kind": "director_in",
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"person": {
"rrn": null,
"name": "Breyne Els",
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},
{
"kind": "director_in",
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"name": "Breyne Els",
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}
],
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}2020
08-10-2020 1 director appointed, 1 resigning
- Breyne Els, Gedelegeerd bestuurder
- Breyne Gino, Gedelegeerd bestuurder
Summary:
v3.2
Technical details
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"kind": "director_out",
"role": "Gedelegeerd-Bestuurder",
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},
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"kind": "director_in",
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"person": {
"rrn": null,
"name": "Breyne Els",
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],
"schema": "v3.2",
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}2018
29-06-2018 3 directors appointed, 1 resigning
- Degraeuwe Niels, Bestuurder
- Breyne Gino, Gedelegeerd bestuurder
- BVBA Seal-It, Gedelegeerd bestuurder
- Breyne Gino, Gedelegeerd bestuurder
Summary:
v3.2
Technical details
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},
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},
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"rrn": null,
"name": "BVBA Seal-It",
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}
],
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"subject_company": {
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}
}2017
06-10-2017 Gino Breyne appointed as vaste vertegenwoordiger
- Gino Breyne, Vaste vertegenwoordiger
Summary:
v3.2
Technical details
{
"events": [
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],
"schema": "v3.2",
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}2016
24-08-2016 4 directors appointed, 1 resigning
- Gino Breyne, Bestuurder
- Karen Breyne, Bestuurder
- Gino Breyne, Gedelegeerd bestuurder
- Karen Breyne, Gedelegeerd bestuurder
- Ernst & Young Bedrijfsrevisoren BCVBA, Commissaris
Summary:
v3.2
Technical details
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},
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}
},
{
"kind": "director_out",
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"name": "Ernst \u0026 Young Bedrijfsrevisoren BCVBA",
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],
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"subject_company": {
"kbo": "0405.705.864",
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}2004
11-06-2004 Publication in the Belgian Official Gazette, Minor change
Summary:
Officer designation
Technical details
{
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"firm_city": null,
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"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2004-06-11",
"filing_date": null,
"act_kind_objet": "BENOEMING COMMISSARIS - REVISOR"
},
"decision": {
"body": "algemene_vergadering",
"date": "2004-05-06",
"unanimous": true
},
"agm_change": null,
"detected_kind": "officer_designation",
"other_address": null,
"mandate_renewal": null,
"subject_company": {
"kbo": "0405.705.864",
"name_full": "A. en P. Serck",
"legal_form": "NV"
},
"accounts_deposit": null,
"publication_proxy": {
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"org_rep_person_name": null
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad -11/06/2004- Annexes du Moniteur belge"
],
"fiscal_year_change": null,
"liquidation_closure": null,
"officer_designation": {
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"organ": null,
"person_name": "Ernst \u0026 Young Bedrijfsrevisoren"
},
"special_procuration": null,
"is_volet_a_only_stub": true,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}Credit advice
Company registry (CBE)
Activities
Algemene bouw van residentiële gebouwen41001Algemene bouw van andere niet-residentiële gebouwen41003Bouwen van individuele huizen45211Optrekken van gebouwen voor industrieel of commercieel gebruik, voor landbouwdoeleinden, enz.45213
Primary activity highlighted.
Names & trade names
| Legal nameNL | SERCK |
Registered office
Driesstraat 79 bus 101
9090 Merelbeke-Melle, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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