Equity
SERCOM paid out €76,355 in dividends. That is 7,284% of the 2025 profit.
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SERCOM paid out €76,355 in dividends. That is 7,284% of the 2025 profit.
The result fell in 2025 from €60,927 to €1,048.
The micro format states no turnover.
Short-term debts rose from €52,769 to €91,216.
Seven of the last ten came late. The 2019 accounts came latest: 61 days after the end of the period.
Lower net result than 88% of companies in legal and accounting. Sector median €37,367 · 15,836 companies.
In July 2024, 17,041 companies had the same profile as SERCOM has now. Each dot stands for 43 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for SERCOM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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| Company | ||||
|---|---|---|---|---|
| SERCOM Oudenaarde | €362,538 | €53,823 | 72.2% | - |
| METEX Ardooie | €292,898 | €50,316 | 58.0% | - |
| CFGR Namur | €325,740 | €43,449 | 35.9% | - |
| Brenver Brenning Roger Kortrijk | €453,550 | €49,818 | 88.6% | - |
| ALMASE Morlanwelz | €417,524 | €48,758 | 95.2% | - |
| VLEBO Oudenaarde | €287,238 | €62,350 | 47.4% | - |
| FISKLAND Oudenaarde | €257,517 | €56,840 | 88.1% | - |
These companies have the same main activity as SERCOM: other tax advisory services (NACE 69209). They are comparable in size and age: total assets between €258,000 and €454,000, founded between 1988 and 1995.
SERCOM files the micro format. That format states no turnover. The gross margin rose from €1,880 in 2006 to €53,823 in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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