SERCO
ActiveSERCO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €9k. Equity is shrinking by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 1991 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+68
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 8.87; short-term debt: 7% and cash: 5.1% of total assets), and 7.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
92.9%
Return on assets
14.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €56k
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 9 filingsDeviation from the deadline
2025
21 d late
2024
59 d early
2023
36 d early
2022
54 d early
2021
11 d early
2020
32 d early
2019
28 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9k
2024 · €-70
2018: €-18k
2019: €-63k
2020: €-3k
2021: €-18k
2022: €-9k
2023: €-5k
2024: €-70
2018 → 2025
Working capital
€33k▲ 38.8%
2024 · €24k
2018: €123k
2019: €59k
2020: €56k
2021: €39k
2022: €29k
2023: €24k
2024: €24k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€29k▼ 23.6%€24k▼ 18.6%€47k▲ 96.7%€56k▲ 18.9%
Operating result€-18k-€-5k▲ 70.1%€-5k▼ 2.9%€-97▲ 98.2%€9k
Net result€-18k-€-9k▲ 49.3%€-5k▲ 39.9%€-70▲ 98.7%€9k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €9k after a loss of €97 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60k
Fixed assets
€23k▼ 1.7%
Current assets
€38k▲ 56.2%
Equity and liabilities €60k
Equity
€56k▲ 18.9%
Debt
€4k▲ 4,708%
The debt ratio rises from 0.2% to 7.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▲
2024 · €-86
Cash flow
€9k▲
2024 · €-59
Solvency
92.9%▼
2024 · 99.8%
Current ratio
8.87
Quick ratio
8.87
Debt / equity
0.08▲
2024 · 0.00
ROE
15.9%▲
2024 · -0.1%
ROA
14.8%▲
2024 · -0.1%
Interest coverage
137.90▲
2024 · -1.30
Debt
€4k▲
2024 · €89
Debt ≤ 1 year
€4k▲
2024 · €34
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€47k€60k▲
Fixed assets21/28€23k€23k▼
Tangible fixed assets22/27€23k€23k▼
Land and buildings22€22k€22k=
Plant, machinery and equipment23€1k€876▼
Current assets29/58€24k€38k▲
Amounts receivable within one year40/41€8k€23k▲
Trade receivables40€8k€22k▲
Other amounts receivable41€44€464▲
Current investments50/53€12k€12k=
Cash at bank and in hand54/58€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€47k€60k▲
Equity10/15€47k€56k▲
Contributions10/11€32k€32k=
Reserves13€15k€15k=
Non-distributable reserves130/1€12k€12k=
Own shares acquired1312€12k€12k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€-70€9k▲
Amounts payable17/49€89€4k▲
Amounts payable within one year42/48€34€4k▲
Trade debts44€0€4k▲
Suppliers440/4€0€4k▲
Taxes, remuneration and social security45€34€34=
Taxes450/3€34€34=
Accrued charges and deferred income492/3€55€55=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12€392▲
Other operating charges640/8€8k€5k▼
Gross operating margin9900€8k€14k▲
Operating profit (loss)9901€-97€9k▲
Financial income75/76B€93€40▼
Recurring financial income75€93€40▼
Financial charges65/66B€66€68▲
Recurring financial charges65€66€68▲
Profit (loss) for the period before taxes9903€-70€9k▲
Profit (loss) for the period9904€-70€9k▲
Profit (loss) for the period to be appropriated9905€-70€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-70€9k▲
Profit (loss) brought forward from the previous period14P-€-70
Transfer from equity791/2€0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
31-12
Financial
Back to profitnet €9k
Net result €9k after 7 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity times 59current ratio 703.51
Current ratio from 11.89 to 703.51; short-term debt falls from €2k to €34.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 11.89
Current ratio from 3.04 to 11.89; short-term debt falls from €14k to €2k.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet €-63k
Net result drops to €-63k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Mons · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Marcel Beaufays (H.) 177022 MonsGround area
1,755 m²
Building footprint
191 m²
Parcel 53042A0163/00V000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Marcel Beaufays (H.) 17, 7022 Mons
since 19892.228.974.480
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53042A0163/00V000 | Wallonia | 1,755 m² | 1 · 191 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,554 companies in sector 71121 we hold annual accounts for 6,557. 4,967 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-1989
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.