SERCOM
Annual accounts 2025
micro format, filed on 30-07-2026, 1 day before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €87,000 and €150,000.
Balance sheet
balance sheet total €362,538 on 31-12-2025in euro
in euro
Position in the sector
72.2%
Higher than 68% of 15,824 companies in 2025.
2.17
Higher than 49% of 15,596 companies in 2025.
0.3%
Higher than 10% of 15,713 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
362,538 | 415,258 | 354,230 | 358,845 | 345,469 | 331,594 | 258,726 | 161,578 | 113,475 | 84,386 | 47,069 | 77,183 | 84,474 | 91,586 | 30,678 | 14,747 | 7,131 | 8,788 | 8,625 | 11,301 | |
21/28 |
164,617 | 205,252 | 158,856 | 198,407 | 224,517 | 241,322 | 184,523 | 106,165 | 45,541 | 16,124 | 20,727 | 31,228 | 41,109 | 52,157 | 25,206 | 7,306 | 4,333 | 4,799 | 4,322 | 4,777 | |
22/27 |
164,617 | 205,252 | 158,856 | 198,407 | 224,517 | 241,322 | 184,523 | 106,165 | 45,541 | 16,124 | 20,727 | 31,228 | 41,109 | 52,157 | 25,206 | 7,306 | 4,333 | 4,799 | 4,322 | 4,777 | |
22 |
- | - | - | - | - | - | - | - | - | - | - | 5,670 | - | - | - | - | - | - | - | - | |
23 |
- | - | - | - | - | - | - | - | - | 1,155 | 2,309 | 3,463 | 4,618 | - | - | - | - | - | - | - | |
24 |
61,499 | 87,324 | 34,055 | 60,963 | 79,660 | 82,319 | 65,561 | 3,427 | 7,140 | 6,176 | 8,446 | 22,095 | 36,491 | 52,157 | 25,206 | 7,306 | 4,333 | 4,799 | 4,322 | 4,777 | |
26 |
103,118 | 117,928 | 124,802 | 137,444 | 144,857 | 159,003 | 118,963 | 102,738 | 38,402 | 8,794 | 9,972 | - | - | - | - | - | - | - | - | - | |
29/58 |
197,921 | 210,006 | 195,374 | 160,438 | 120,952 | 90,272 | 74,203 | 55,413 | 67,933 | 68,262 | 26,342 | 45,955 | 43,365 | 39,429 | 5,472 | 7,441 | 2,797 | 3,989 | 4,303 | 6,524 | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 825 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 825 | |
40/41 |
49,596 | 32,587 | 31,218 | 19,502 | 32,923 | 29,351 | 44,607 | 40,169 | 3,034 | 15,967 | 3,443 | 17,171 | 15,147 | 13,744 | 2,269 | 1,906 | 1,089 | 1,410 | 1,005 | 921 | |
40 |
20,000 | 25,489 | 24,063 | 18,778 | 30,994 | 29,342 | 17,569 | 14,987 | - | 15,958 | 2,488 | 16,998 | 15,147 | 13,744 | 1,198 | 1,906 | 1,089 | 1,404 | 999 | 605 | |
41 |
29,596 | 7,098 | 7,154 | 724 | 1,929 | 10 | 27,038 | 25,182 | 3,034 | 9 | 955 | 173 | - | - | 1,071 | - | - | 6 | 6 | 316 | |
50/53 |
130,839 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
14,413 | 173,539 | 162,295 | 138,859 | 86,019 | 53,703 | 27,774 | 13,264 | 62,995 | 50,450 | 22,697 | 28,784 | 28,217 | 25,685 | 3,203 | 5,535 | 1,708 | 2,579 | 3,298 | 4,778 | |
490/1 |
3,073 | 3,880 | 1,861 | 2,077 | 2,010 | 7,218 | 1,822 | 1,980 | 1,904 | 1,844 | 201 | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
362,538 | 415,258 | 354,230 | 358,845 | 345,469 | 331,594 | 258,726 | 161,578 | 113,475 | 84,386 | 47,069 | 77,183 | 84,474 | 91,586 | 30,678 | 14,747 | 7,131 | 8,788 | 8,625 | 11,301 | |
10/15 |
261,627 | 336,934 | 326,303 | 310,187 | 255,913 | 199,093 | 130,899 | 104,544 | 85,974 | 43,541 | 9,539 | 5,741 | 6,451 | -22,227 | -28,263 | -25,141 | -25,646 | -27,666 | -30,727 | -29,950 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
11 |
- | - | - | - | 18,592 | 18,592 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | 18,592 | 18,592 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
243,035 | 318,342 | 307,711 | 291,595 | 237,321 | 180,501 | 112,307 | 85,952 | 67,382 | 24,949 | 1,859 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | |
130/1 |
- | - | - | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | |
1311 |
- | - | - | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
35,656 | 35,656 | 35,656 | 35,656 | 35,656 | 35,656 | 35,656 | 35,656 | 35,656 | 17,380 | - | - | - | - | - | - | - | - | - | - | |
133 |
207,379 | 282,686 | 272,055 | 254,080 | 199,806 | 142,986 | 74,792 | 48,437 | 29,868 | 5,711 | - | - | - | - | - | - | - | - | - | - | |
14 |
0 | 0 | - | - | - | - | - | - | - | - | -10,912 | -20,152 | -19,442 | -48,120 | -54,156 | -51,034 | -51,539 | -53,560 | -56,620 | -55,843 | |
17/49 |
100,912 | 78,324 | 27,927 | 48,659 | 89,557 | 132,501 | 127,827 | 57,034 | 27,500 | 40,845 | 37,530 | 71,442 | 78,023 | 113,813 | 58,941 | 39,888 | 32,776 | 36,454 | 39,352 | 41,251 | |
17 |
9,551 | 25,411 | - | - | 3,407 | 16,952 | 30,367 | - | - | - | - | 4,988 | 13,215 | 21,116 | - | - | - | - | - | - | |
170/4 |
9,551 | 25,411 | - | - | 3,407 | 16,952 | 30,367 | - | - | - | - | 4,988 | 13,215 | 21,116 | - | - | - | - | - | - | |
42/48 |
91,216 | 52,769 | 27,927 | 48,659 | 86,150 | 115,549 | 97,460 | 57,034 | 27,500 | 40,845 | 37,530 | 63,433 | 64,807 | 92,697 | 58,941 | 39,888 | 32,776 | 36,454 | 39,352 | 41,251 | |
42 |
15,859 | 15,231 | - | 3,407 | 13,545 | 13,415 | 13,284 | - | - | - | 4,938 | 8,182 | 7,901 | 7,670 | - | - | - | - | - | - | |
44 |
4,634 | 2,810 | 5,292 | 1,420 | 966 | 1,551 | 13,826 | 16,606 | 609 | 4,554 | - | 5,266 | 1,514 | 672 | 532 | 1,498 | 1,353 | 284 | 850 | 739 | |
440/4 |
4,634 | 2,810 | 5,292 | 1,420 | 966 | 1,551 | 13,826 | 16,606 | 609 | 4,554 | - | 5,266 | 1,514 | 672 | 532 | 1,498 | 1,353 | 284 | 850 | 739 | |
45 |
20,723 | 15,874 | 12,099 | 13,497 | 32,647 | 39,599 | 8,349 | 2,679 | 1,902 | 18,978 | 12,695 | 28,633 | 25,961 | 13,424 | 698 | 581 | 514 | 693 | 380 | - | |
450/3 |
20,723 | 15,874 | 12,099 | 13,497 | 32,647 | 39,599 | 8,349 | 2,679 | 1,902 | 18,978 | 12,695 | 28,633 | 25,961 | 13,424 | 698 | 581 | 514 | 693 | 380 | - | |
47/48 |
50,000 | 18,854 | 10,536 | 30,335 | 38,992 | 60,984 | 62,000 | 37,748 | 24,989 | 17,313 | 19,897 | 21,352 | 29,432 | 70,931 | 57,711 | 37,810 | 30,910 | 35,477 | 38,122 | 40,512 | |
492/3 |
144 | 144 | - | - | - | - | - | - | - | - | - | 3,021 | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
76A |
0 | 12,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
53,823 | 152,831 | 83,829 | 137,872 | 128,918 | 154,383 | 74,249 | 50,540 | 77,766 | 60,226 | 33,585 | 26,179 | 70,154 | 36,668 | 4,943 | 1,377 | 2,889 | 4,358 | 949 | 1,880 | |
630 |
40,635 | 34,839 | 41,337 | 40,915 | 37,338 | 28,921 | 27,070 | 12,238 | 11,230 | 6,032 | 21,890 | 20,044 | 18,642 | 17,123 | 6,301 | 466 | 466 | 920 | 454 | 6,311 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 825 | - | |
640/8 |
2,094 | 14,734 | 3,169 | 2,699 | 3,159 | 2,694 | 2,897 | 7,588 | 2,159 | 1,214 | 841 | 1,451 | 1,931 | 1,846 | 1,110 | 394 | 395 | 376 | 477 | 518 | |
66A |
- | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | |
9901 |
11,094 | 103,258 | 39,323 | 94,258 | 88,421 | 122,769 | 44,282 | 30,715 | 64,378 | 52,980 | 10,854 | 4,684 | 49,581 | 17,699 | -2,469 | 517 | 2,029 | 3,061 | -807 | -4,949 | |
75/76B |
1,697 | 11 | 2 | 0 | 5 | 10 | 16 | 1 | 0 | 15 | 5 | 22 | 35 | 25 | 85 | 9 | 19 | 24 | 42 | 46 | |
75 |
1,697 | 11 | 2 | 0 | 5 | 10 | 16 | 1 | 0 | 15 | 5 | 22 | 35 | 25 | 85 | 9 | 19 | 24 | 42 | 46 | |
65/66B |
1,568 | 1,013 | 321 | 341 | 435 | 571 | 492 | 160 | 113 | 475 | 469 | 910 | 1,188 | 702 | 27 | 20 | 27 | 21 | 23 | 30 | |
65 |
1,568 | 1,013 | 321 | 341 | 435 | 571 | 492 | 160 | 113 | 475 | 469 | 910 | 1,188 | 702 | 27 | 20 | 27 | 21 | 23 | 30 | |
9903 |
11,223 | 102,256 | 39,003 | 93,917 | 87,992 | 122,208 | 43,806 | 30,555 | 64,266 | 52,521 | 10,391 | 3,796 | 48,428 | 17,022 | -2,411 | 506 | 2,021 | 3,064 | -788 | -4,933 | |
67/77 |
10,175 | 41,329 | 22,887 | 38,043 | 35,071 | 52,414 | 15,827 | 10,386 | 21,641 | 18,518 | 6,593 | 4,505 | 19,750 | 5,986 | 710 | 1 | - | 4 | -11 | 7 | |
9904 |
1,048 | 60,927 | 16,116 | 55,874 | 52,921 | 69,794 | 27,979 | 20,169 | 42,624 | 34,003 | 3,798 | -709 | 28,678 | 11,036 | -3,122 | 504 | 2,021 | 3,061 | -777 | -4,940 | |
689 |
- | - | - | - | - | - | - | - | 18,750 | 17,380 | - | - | - | - | - | - | - | - | - | - | |
9905 |
1,048 | 60,927 | 16,116 | 55,874 | 52,921 | 69,794 | 27,979 | 20,169 | 23,874 | 16,623 | 3,798 | -709 | 28,678 | 11,036 | -3,122 | 504 | 2,021 | 3,061 | -777 | -4,940 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
1,048 | 60,927 | 16,116 | 55,874 | 52,921 | 69,794 | 27,979 | 20,169 | 23,874 | 5,711 | -16,354 | -20,152 | -19,442 | -43,120 | -54,156 | -51,034 | -51,539 | -53,560 | -56,620 | -55,843 | |
791/2 |
76,355 | 50,296 | - | - | - | - | - | - | - | 1,859 | 5,442 | - | - | - | - | - | - | - | - | - | |
691/2 |
1,048 | 60,927 | 16,116 | 54,274 | 51,321 | 68,194 | 26,355 | 18,569 | 23,874 | 7,570 | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | 1,859 | - | - | - | - | - | - | - | - | - | - | |
6921 |
1,048 | 60,927 | 16,116 | 54,274 | 51,321 | 68,194 | 26,355 | 18,569 | 23,874 | 5,711 | - | - | - | - | - | - | - | - | - | - | |
694/7 |
76,355 | 50,296 | - | 1,600 | 1,600 | 1,600 | 1,624 | 1,600 | - | - | - | - | - | 5,000 | - | - | - | - | - | - | |
694 |
76,355 | 50,296 | - | 1,600 | 1,600 | 1,600 | 1,624 | 1,600 | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 5,000 | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 16 older financial years (1990-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00352964 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00179493 | |
| 31-12-2023 | micro format | 04-09-2024 | 2024-00446060 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00271459 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20315150 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-56800593 | |
| 31-12-2019 | micro format | 30-09-2020 | 2020-57600114 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-58600092 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57400145 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-54500111 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-53600531 | |
| 31-12-2014 | abbreviated format | 17-07-2015 | 2015-31600538 | |
| 31-12-2013 | abbreviated format | 14-07-2014 | 2014-29900186 | |
| 31-12-2012 | abbreviated format | 25-10-2013 | 2013-63800472 | |
| 31-12-2011 | abbreviated format | 02-07-2012 | 2012-24000127 | |
| 31-12-2010 | abbreviated format | 30-06-2011 | 2011-23300250 | |
| 31-12-2009 | abbreviated format | 28-06-2010 | 2010-23000506 | |
| 31-12-2008 | abbreviated format | 29-06-2009 | 2009-33100353 | |
| 31-12-2007 | abbreviated format | 07-07-2008 | 2008-36900377 | |
| 31-12-2006 | abbreviated format | 02-07-2007 | 2007-33400222 | |
| 31-12-2005 | abbreviated format | 03-07-2006 | 2006-40505141 | |
| 31-12-2004 | abbreviated format | 26-09-2005 | 2005-71004716 | |
| 31-12-2003 | abbreviated format | 06-07-2004 | 2004-40703917 | |
| 31-12-2002 | abbreviated format | 15-07-2003 | 2003-44500135 | |
| 31-12-2001 | abbreviated format | 12-07-2002 | 2002-37600394 | |
| 31-12-2000 | abbreviated format | 10-07-2001 | 2001-36203966 | |
| 31-12-1999 | abbreviated format | 29-08-2000 | 2000-53502305 | |
| 31-12-1998 | abbreviated format | 01-07-1999 | 1999-28704229 | |
| 31-12-1997 | abbreviated format | 07-07-1998 | 1998-30504231 | |
| 31-12-1996 | abbreviated format | 27-06-1997 | 1997-20903287 | |
| 31-12-1995 | abbreviated format | 28-06-1996 | 1996-23901110 | |
| 31-12-1994 | abbreviated format | 20-06-1995 | 1995-25904294 | |
| 31-12-1993 | abbreviated format | 12-08-1994 | 1994-35704667 | |
| 31-12-1992 | abbreviated format | 17-08-1993 | 1993-32303133 | |
| 31-12-1991 | abbreviated format | 05-06-1992 | 1992-08903808 | |
| 31-12-1990 | abbreviated format | 24-05-1991 | 1991-06105029 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 51,729 | 138,097 | 80,660 | 135,173 | 125,759 | 151,689 | 71,352 | 42,952 | 75,608 | 59,012 | 32,744 | 24,728 | 68,223 | 34,822 | 3,833 | 982 | 2,495 | 3,982 | -353 | 1,362 | ||
| 41,683 | 95,766 | 57,453 | 96,789 | 90,259 | 98,715 | 55,049 | 32,407 | 53,854 | 40,034 | 25,687 | 19,335 | 47,319 | 28,159 | 3,180 | 970 | 2,486 | 3,981 | -323 | 1,371 | ||
| 0 | 81,235 | 1,786 | 14,805 | 20,533 | 85,720 | 105,428 | 72,861 | 40,647 | 1,429 | 11,389 | 10,163 | 7,593 | 44,074 | 24,201 | 7,306 | 0 | 1,397 | -1 | 1,364 | ||
| -159,127 | 11,244 | 23,436 | 52,840 | 32,317 | 25,929 | 14,510 | -49,731 | 12,544 | 27,753 | -6,087 | 567 | 2,532 | 22,482 | -2,332 | 3,827 | -871 | -719 | -1,480 | - | ||
| 106,705 | 157,236 | 167,447 | 111,780 | 34,803 | -25,277 | -23,257 | -1,621 | 40,433 | 27,417 | -11,188 | -17,477 | -21,443 | -53,268 | -53,469 | -32,447 | -29,979 | -32,465 | -35,049 | -34,727 | ||
| 72.2% | 81.1% | 92.1% | 86.4% | 74.1% | 60.0% | 50.6% | 64.7% | 75.8% | 51.6% | 20.3% | 7.4% | 7.6% | -24.3% | -92.1% | -170.5% | -359.7% | -314.8% | -356.3% | -265.0% | ||
| 2.17 | 3.98 | 7.00 | 3.30 | 1.40 | 0.78 | 0.76 | 0.97 | 2.47 | 1.67 | 0.70 | 0.72 | 0.67 | 0.43 | 0.09 | 0.19 | 0.09 | 0.11 | 0.11 | 0.16 | ||
| 2.17 | 3.98 | 7.00 | 3.30 | 1.40 | 0.78 | 0.76 | 0.97 | 2.47 | 1.67 | 0.70 | 0.72 | 0.67 | 0.43 | 0.09 | 0.19 | 0.09 | 0.11 | 0.11 | 0.14 | ||
| 0.39 | 0.23 | 0.09 | 0.16 | 0.35 | 0.67 | 0.98 | 0.55 | 0.32 | 0.94 | 3.93 | 12.44 | 12.09 | - | - | - | - | - | - | - | ||
| 0.4% | 18.1% | 4.9% | 18.0% | 20.7% | 35.1% | 21.4% | 19.3% | 49.6% | 78.1% | 39.8% | -12.4% | 444.6% | - | - | - | - | - | - | - | ||
| 0.3% | 14.7% | 4.5% | 15.6% | 15.3% | 21.0% | 10.8% | 12.5% | 37.6% | 40.3% | 8.1% | -0.9% | 33.9% | 12.0% | -10.2% | 3.4% | 28.3% | 34.8% | -9.0% | -43.7% | ||
| 32.99 | over 100 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €81,235 | €1,786 | €14,805 | €20,533 |
| €40,635 | €34,839 | €41,337 | €40,915 | €37,338 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SERCOM
The operating result for 2025 is 89% lower than in 2024 and the lowest since 2015.
Debt's share of the balance-sheet total rises from 18.9% to 27.8%. Equity is lower and debt is higher.